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Fulton Financial boosts bottom line YOY

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Fulton Financial boosts bottom line YOY

Fulton Financial Corp. reported net income of $58.1 million, or 33 cents per share, for the 2018 fourth quarter, compared to $65.6 million, or 37 cents per share, in the linked quarter and $34.0 million, or 19 cents per share, in the year-ago period.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the latest quarter was 35 cents.

Fulton's net income for the year 2018 was $208.4 million, or $1.18 per share.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the year was $1.20.

The Lancaster, Pa-based bank's total assets as of Dec. 31, 2018, stood at $20.68 billion, up from $20.04 billion a year ago.

Fulton's total deposits stood at $16.38 billion as compared to $15.80 billion in the previous year.

Fulton Financial also announced that Commissioner of Financial Regulation for the State of Maryland and the Federal Deposit Insurance Corp. have terminated their respective consent orders against the bank's subsidiary, Columbia Bank.