Fulton Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• Fulton Financial Corp FULT reported quarterly adjusted earnings of 53 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of six analysts for the quarter was for earnings of 45 cents per share. Wall Street expected results to range from 41 cents to 48 cents per share.

• Revenue rose 5.5% to $254.92 million from a year ago; analysts expected $255.26 million.

• Fulton Financial Corp's reported EPS for the quarter was 53 cents​.

• The company reported quarterly net income of $96.64 million.

• Fulton Financial Corp shares had risen by 8.5% this quarter and gained 1.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Fulton Financial Corp is $20.00, about 2.1% above its last closing price of $19.57

This summary was machine generated from LSEG data July 15 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)