Fulton Financial in Lancaster, Pa., made more loans for residential mortgage, commercial real estate and residential construction, leading to improved fourth-quarter profit. net income at the $19 billion-asset company rose 9.1% to $42 million from a year ago. Earnings per share rose 9% to 24 cents.
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About Fulton Bank. Since 1882, Fulton Bank has been a vital part of the growth and development of south central Pennsylvania. As one of the leading financial institutions in the region, Fulton provides consumer retail and business customers with the best in banking services and products, investment management and trust services.
PNC’s management sounded confident, if not bullish, on the underlying health of the economy and the bank’s commercial lending. jump in “Other”. Expenses were in line (up 2% yoy), and core.
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Improving credit quality as a result of post-GFC recovery has led to a strong environment for growth in the banking sector. fulton financial corporation (nasdaq:fult) is a small-cap bank with a market capitalisation of US$3.0b.Its profit and value are directly impacted by its borrowers’ ability to pay which is driven by the level of economic growth.
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Fulton Financial has 3500 employees across 79 locations and revenue was $954.04 m in FY, 2018. See insights on Fulton Financial including competitors, office locations, financials, executives, subsidiaries, news, trends and more.
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Get The Motley Fool’s 5 Free Stocks to Build Wealth Report.. The bank was able to turn a profit margin of 24% on that revenue.. and growth — Fulton Financial Corp. appears undervalued. The.
LANCASTER, Pa. (AP) _ Fulton Financial Corp. (FULT) on Tuesday reported second-quarter profit of $59.8 million. The Lancaster, Pennsylvania-based bank said it had earnings of 35 cents per share.