Fulton Financial Corporation (NASDAQ:FULT) is reporting third quarter financial results on Tuesday 20th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, FULT is expected to report 3Q20 income of $ 0.20 per share from revenue of $ 157.30 million.
For the full year, analysts anticipate top line of $ 639.00 million, while looking forward to income of $ 0.85 per share bottom line.
Previous Quarter Performance
Fulton Financial Corporation revealed income for the second quarter of $ 0.24 per share, from the revenue of $ 155.85 million. The quarterly earnings declined 31.43 percent while revenues contracted 7.12 percent compared with the same quarter last year.
Wall street analysts are predicting, FULT to report 2Q20 income of $ 0.10 per share from revenue of $ 161.36 million. The bottom line results beat street analysts by $ 0.14 or 140.00 percent, at the same time, top line results fell short of analysts by $ 5.51 million or 3.41 percent.
Stock Performance
Shares of Fulton Financial Corporation traded low $ -0.16 or -1.55 percent on Monday, reaching $ 10.14 with volume of 719.30 thousand shares. Fulton Financial Corporation has traded high as $ 10.41 and has cracked $ 10.14 on the downward trend
According to the previous trading day, closing price of $ 10.14, representing a 15.86 % increase from the 52 week low of $ 8.89 and a 42.78 % decrease over the 52 week high of $ 18.00.
The company has a market capital of $ 1.64 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
Fulton Financial Corporation will be hosting a conference call at 10:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fult.com
Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.
