FULTON FINANCIAL CORP FULT Income Statement

Fulton financial corp (FULT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
INTEREST INCOME
Loans, including fees
729,711	737,932	738,068	727,135	706,650	683,042	660,832	640,916	621,531	603,961	584,182	565,669	551,872	543,385	537,930	533,095	528,362	524,060	524,788	526,725	528,255	530,308	532,366	534,775	538,367	540,667	543,530	547,891	554,400	564,616	574,081	583,030	591,240	596,390	604,895	613,495	621,372	629,410	635,597	639,813	0	0	0
Investment securities:
Taxable
63,415	62,556	61,940	60,331	58,281	56,039	53,251	50,718	48,307	47,028	45,750	45,201	44,886	44,975	45,837	46,215	46,000	45,279	46,167	47,193	48,667	50,651	51,393	52,092	54,190	54,321	54,296	57,977	62,085	67,349	71,405	74,913	77,038	80,184	83,301	85,498	89,895	96,237	105,034	112,093	0	0	0
Tax-exempt
15,648	14,218	13,366	12,728	12,390	12,076	11,874	11,759	11,682	11,566	11,377	11,007	10,471	9,662	8,917	8,271	7,832	7,879	7,984	8,299	8,716	8,977	9,189	9,297	9,342	9,475	9,658	9,889	10,142	10,362	10,677	11,015	11,565	12,039	12,381	12,711	12,913	13,333	14,135	15,085	0	0	0
Dividends
-	-	-	-	-	-	-	-	245	369	476	514	540	571	589	636	797	985	1,176	1,325	1,354	1,338	1,316	1,314	1,353	1,411	306	689	966	1,275	1,267	1,245	1,300	1,284	2,802	2,790	2,754	2,800	2,618	2,487	0	0	0
Loans held for sale
1,431	1,351	1,327	1,249	1,183	1,159	1,133	988	905	876	830	797	784	728	698	682	759	801	833	876	825	786	875	1,020	1,190	1,551	1,778	1,974	2,128	2,064	2,088	1,935	1,889	1,958	2,363	2,857	3,032	3,088	3,692	4,401	0	0	0
Other interest income
9,779	9,249	9,056	7,948	7,023	6,193	5,772	5,838	5,396	5,066	4,275	3,660	3,723	3,779	3,677	3,509	3,578	4,785	4,875	4,967	5,241	4,018	3,802	3,485	2,717	2,264	3,224	2,600	2,206	1,830	1,751	1,807	1,863	1,843	372	383	513	505	409	347	0	0	0
Total Interest Income
819,984	825,306	823,757	809,391	785,527	758,514	732,893	710,355	688,066	668,866	646,890	626,848	612,276	603,100	597,648	592,408	587,328	583,789	585,823	589,385	593,058	596,078	598,941	601,983	607,159	609,689	612,792	621,020	631,927	647,496	661,269	673,945	684,895	693,698	706,114	717,734	730,479	745,373	761,485	774,226	0	0	0
INTEREST EXPENSE
Deposits
128,526	131,775	126,133	114,215	100,951	87,712	76,636	68,840	62,440	57,791	52,476	47,764	45,767	44,693	43,314	42,220	41,386	40,482	39,624	38,405	37,037	35,110	33,707	33,452	34,265	36,770	40,696	45,801	51,046	56,895	63,179	69,015	76,047	83,083	91,792	101,863	111,907	122,359	139,137	157,389	0	0	0
Short-term borrowings
15,034	14,543	13,610	11,456	10,030	8,489	7,451	6,027	3,965	2,779	2,523	2,199	1,442	855	839	677	563	372	410	615	1,052	1,608	1,990	2,384	2,544	2,420	2,056	1,585	1,296	1,068	1,085	1,016	773	746	822	938	1,160	1,455	2,041	2,695	0	0	0
Long-term borrowings
30,604	30,599	31,950	32,790	32,093	31,857	31,881	31,881	32,558	32,932	33,703	34,941	35,770	36,780	37,161	38,048	39,912	42,941	45,556	46,460	46,086	44,493	43,463	43,199	43,235	43,305	43,576	43,822	44,308	45,205	46,440	47,737	48,783	49,709	50,906	53,646	57,612	62,813	69,653	75,730	0	0	0
Total Interest Expense
174,164	176,917	171,693	158,461	143,074	128,058	115,968	106,748	98,963	93,502	88,702	84,904	82,979	82,328	81,314	80,945	81,861	83,795	85,590	85,480	84,175	81,211	79,160	79,035	80,044	82,495	86,328	91,208	96,650	103,168	110,704	117,768	125,603	133,538	143,520	156,447	170,679	186,627	210,831	235,814	0	0	0
Net Interest Income
645,820	648,389	652,063	650,930	642,453	630,456	616,925	603,607	589,103	575,364	558,188	541,944	529,297	520,772	516,334	511,463	505,467	499,994	500,233	503,905	508,883	514,867	519,781	522,948	527,115	527,194	526,464	529,812	535,277	544,328	550,565	556,177	559,292	560,160	562,594	561,287	559,800	558,746	550,654	538,412	0	0	0
Provision for credit losses
71,730	32,800	20,488	19,938	48,030	46,900	45,437	48,892	22,475	23,305	21,575	20,641	16,452	13,182	10,932	7,791	7,480	2,250	2,500	5,000	6,300	12,500	12,000	18,000	28,000	40,500	55,500	69,000	81,000	94,000	106,500	114,500	125,000	135,000	145,000	154,000	158,000	160,000	165,000	175,000	0	0	0
Net Interest Income After Provision for Credit Losses
574,065	615,564	631,568	630,985	594,416	583,549	571,488	554,715	566,628	552,059	536,613	521,303	512,845	507,590	505,402	503,672	497,987	497,744	497,733	498,905	502,583	502,367	507,781	504,948	499,115	486,694	470,964	460,812	454,277	450,328	444,065	441,677	434,292	425,160	417,594	407,287	401,800	398,746	385,654	363,412	0	0	0
NON-INTEREST INCOME
Non-interest income before investment securities gains
219,339	211,427	205,669	201,367	196,318	195,488	200,989	197,347	199,192	198,903	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Investment securities gains (losses):
Net other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	18,964	0	0	0
Less: Portion of loss recognized in other comprehensive loss (before taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	913	853	1,160	2	-568	861	-4,315	0	0	0
Net other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,910	4,934	7,160	10,265	13,951	14,085	14,649	0	0	0
Net gains on sales of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	3,835	6,622	6,683	5,146	7,471	6,635	11,130	15,474	14,652	14,547	13,362	0	0	0
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Income (Loss), before Tax, Including Portion Attributable to Noncontrolling Interest, Available-for-sale Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	0	0	0	-	0	-	-	-	-
Investment securities gains, net
4,714	4,733	4,733	255	83	37	1,969	6,552	7,984	9,071	8,664	4,069	2,709	2,550	1,801	3,529	5,868	9,066	9,138	7,489	6,186	2,041	1,226	3,778	5,531	8,004	8,013	6,918	0	-	0	0	-	4,561	1,701	3,970	5,209	701	462	-1,287	0	0	0
Total Non-Interest Income
224,053	216,160	210,402	201,622	196,401	195,525	202,958	203,899	207,176	207,974	203,773	199,948	193,714	190,178	183,262	179,887	180,239	181,839	178,101	175,227	173,610	167,379	166,010	171,467	178,911	187,664	206,455	211,041	212,033	216,412	205,003	201,199	193,670	187,493	185,529	190,388	189,521	182,320	177,350	169,729	0	0	0
NON-INTEREST EXPENSE
Salaries and employee benefits
314,405	311,934	310,704	309,263	305,191	303,202	300,961	297,085	296,662	290,130	289,882	287,684	283,217	283,353	275,564	270,176	265,214	260,832	260,763	257,889	256,445	251,021	250,817	251,727	251,594	253,240	249,349	248,166	244,767	243,915	240,721	237,508	233,487	227,435	224,281	219,866	218,450	216,487	215,618	216,884	0	0	0
Net occupancy
53,403	52,826	52,454	52,664	50,955	51,678	51,519	51,121	50,677	49,708	48,957	48,559	48,054	47,611	47,379	46,307	46,305	47,777	47,692	48,564	48,219	48,130	48,783	48,720	48,703	46,944	46,172	45,814	45,572	44,663	44,274	43,903	43,572	44,003	43,875	43,604	43,249	43,533	42,853	42,574	0	0	0
Professional fees
45,971	44,679	43,414	41,981	41,166	41,286	41,484	41,628	40,229	38,735	45,650	44,076	40,498	36,919	39,476	35,854	35,272	34,640	19,113	18,697	18,134	17,162	16,202	16,270	16,448	16,555	16,882	15,901	15,151	14,936	14,708	14,405	13,860	13,544	13,407	13,121	13,218	13,263	13,036	12,756	0	0	0
Prepayment penalty on FHLB advances
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other outside services
39,518	39,989	40,718	37,677	33,986	33,758	32,479	29,939	30,079	27,501	26,372	25,573	23,373	23,883	23,884	25,474	28,091	27,785	29,968	31,227	30,342	28,404	25,317	21,733	19,808	18,856	17,361	17,913	17,699	17,752	15,460	0	0	-	0	-	-	-	-	-	-	-	-
Other Revenue (Expense) from Real Estate Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Software
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,926	15,349	-	13,949	13,318	13,151	12,758	11,937	11,852	11,737	11,560	11,672	10,915	10,093	9,520	9,212	8,843	8,544	8,400	8,185	7,749	0	-	0	0	-	-	-
Amortization of tax credit investments
5,980	6,021	11,054	11,158	11,303	11,449	8,287	10,153	11,667	11,028	0	4,149	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Telecommunications
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,597	6,597	6,767	6,870	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Supplies and postage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,261	10,113	9,838	9,795	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating risk loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,122	3,228	3,270	4,271	6,153	8,208	9,352	9,290	9,550	7,657	7,852	9,454	7,849	7,221	5,158	1,328	0	0	0	-	-	-	-	0	0
Other real estate owned and repossession expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,743	3,030	3,649	3,270	4,150	4,300	5,493	7,364	8,721	9,517	10,741	11,182	23,088	18,291	14,144	9,578	0	0	0	-	0	-	-	-	-
Prepayment penalty on Federal Home Loan Bank (FHLB) advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible amortization
1,452	1,427	1,285	214	107	0	0	0	0	-	-	-	-	-	-	-	-	-	556	865	1,074	1,259	1,779	1,999	2,219	2,438	2,316	2,538	2,764	3,031	3,272	3,469	3,880	4,257	4,595	4,935	5,104	5,240	5,377	5,518	0	0	0
Professional fees
13,376	13,134	13,807	13,903	13,305	14,161	14,247	14,208	14,767	12,688	11,839	10,986	11,408	11,004	11,035	11,328	10,706	11,244	10,812	11,236	12,064	12,097	13,094	13,171	13,007	13,150	12,999	12,398	11,987	11,522	11,255	11,774	11,892	12,159	12,100	11,893	11,826	11,523	11,006	10,054	0	0	0
Marketing
13,651	13,575	13,375	12,916	13,051	13,243	13,212	13,510	13,110	12,935	13,099	12,938	12,776	12,788	13,006	13,464	13,927	14,514	14,186	13,898	13,923	13,567	14,241	14,580	15,113	15,419	15,320	15,490	14,782	14,243	13,699	12,915	13,107	12,870	12,523	12,447	11,733	11,692	11,991	12,335	0	0	0
Prepayment penalty on FHLB advances
7,979	7,780	8,166	10,741	10,649	10,993	12,048	12,241	11,944	11,049	9,498	8,282	8,876	9,767	10,596	11,672	11,597	11,470	11,346	11,361	11,091	10,958	11,025	11,061	11,447	11,605	11,710	11,821	11,822	11,996	11,782	12,485	12,747	14,480	16,666	17,643	19,515	19,715	20,043	27,540	0	0	0
Taxes, Other
0	-	9,132	9,316	0	-	9,783	9,906	10,266	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing
0	-	0	0	0	-	0	0	0	-	0	7,724	7,406	-	7,068	7,396	7,715	7,324	7,984	7,680	7,782	8,133	7,379	7,832	7,417	7,705	8,582	6,979	7,640	8,240	8,748	10,023	9,303	9,667	11,083	11,761	12,169	11,163	8,684	7,807	0	0	0
Other
72,182	72,045	69,534	67,409	67,944	66,334	68,934	70,510	70,351	71,805	54,542	56,080	57,248	57,789	65,944	61,260	56,146	51,651	34,723	32,647	32,421	31,551	17,309	21,687	25,996	29,735	31,186	30,088	29,284	29,433	32,050	34,364	37,442	39,981	37,402	40,159	39,750	41,715	61,641	62,210	0	0	0
Total Non-Interest Expense
572,464	567,736	569,447	558,090	547,267	546,104	543,871	540,615	539,965	525,579	514,748	502,439	491,381	489,519	480,337	485,378	482,095	480,160	479,441	470,350	468,170	459,246	458,288	459,095	460,051	461,433	461,227	454,604	449,561	449,294	441,364	437,249	426,047	416,242	412,103	408,947	409,167	408,325	403,648	408,743	0	0	0
Income Before Income Taxes
225,654	263,988	272,523	274,517	243,550	232,970	230,575	217,999	233,839	234,454	225,638	218,812	215,178	208,249	208,327	198,181	196,131	199,423	196,393	203,782	208,023	210,500	215,503	217,320	217,975	212,925	216,192	217,249	216,749	217,446	207,704	205,627	201,915	196,411	191,020	188,728	182,154	172,741	159,356	124,398	0	0	0
Income taxes
29,931	37,649	35,890	34,359	27,974	24,577	46,264	50,416	55,986	62,701	45,736	46,347	48,430	46,624	50,317	47,388	48,408	49,921	47,477	50,551	51,876	52,606	53,475	53,910	53,579	51,085	56,195	55,618	55,809	57,601	52,020	52,201	51,995	50,838	50,036	49,388	47,517	44,409	39,168	28,779	0	0	0
Net Income (Loss) Attributable to Parent
195,723	226,339	236,633	240,158	215,576	208,393	184,311	167,583	177,853	171,753	179,902	172,465	166,748	161,625	158,010	150,793	147,723	149,502	148,916	153,231	156,147	157,894	162,028	163,410	164,396	161,840	159,997	161,631	160,940	159,845	155,684	153,426	149,920	145,573	140,984	139,340	134,637	128,332	120,188	95,619	0	0	0
PER SHARE:
Preferred stock dividends and discount accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,303	21,349	20,223	0	0	0
Net Income Available to Common Shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112,029	98,839	75,396	0	0	0
Net Income (Basic) (in dollars per share)
0.16	0.29	0.38	0.36	0.33	0.34	0.37	0.20	0.28	0.19	0.28	0.26	0.25	0.24	0.24	0.23	0.22	0.22	0.20	0.21	0.22	0.21	0.21	0.21	0.22	0.22	0.21	0.21	0.20	0.20	0.21	0.20	0.19	0.18	0.20	0.18	0.17	0.16	0.16	0.14	0.13	0.10	0.05
Net Income (Diluted) (in dollars per share)
0.16	0.30	0.37	0.35	0.33	0.33	0.37	0.20	0.28	0.19	0.28	0.26	0.25	0.24	0.24	0.23	0.22	0.22	0.20	0.21	0.22	0.20	0.21	0.21	0.22	0.21	0.21	0.21	0.20	0.20	0.21	0.20	0.19	0.18	0.20	0.18	0.17	0.16	0.16	0.14	0.13	0.10	0.05
Common Stock, Dividends, Per Share, Declared
0.13	0.17	0.13	0.13	0.13	0.16	0.12	0.12	0.12	0.14	0.11	0.11	0.11	0.12	0.10	0.10	0.09	0.11	0.09	0.09	0.09	0.10	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.07	0.07	0.06	0.05	0.05	0.04	0.03	0.03	0.03	0.03	0.03	0.03
Investment management and trust services
Non-interest income before investment securities gains
57,494	55,678	54,667	53,866	52,516	52,148	51,892	50,983	50,312	49,249	47,707	46,975	46,090	45,270	44,579	44,391	44,155	44,056	44,325	44,208	44,536	44,605	44,006	43,306	42,568	41,706	40,728	39,737	38,958	38,239	37,355	36,840	36,656	36,483	36,582	36,272	35,289	34,173	33,538	32,810	0	0	0
Other service charges and fees
Non-interest income before investment securities gains
74,286	71,117	67,978	67,234	65,223	63,929	74,627	69,338	67,249	65,730	52,363	54,519	53,160	51,473	50,816	47,374	45,379	43,992	41,805	40,794	40,332	39,896	38,828	38,392	37,374	36,957	38,700	40,301	42,300	44,345	43,965	45,353	46,555	47,482	48,547	47,580	46,340	45,023	43,177	41,232	0	0	0
Service charges on deposit accounts
Non-interest income before investment securities gains
49,365	49,503	49,495	48,827	48,391	48,422	46,586	46,943	47,926	48,918	51,150	51,206	51,188	51,346	51,441	51,345	51,086	50,097	49,417	49,236	49,151	49,293	49,834	50,971	53,070	55,470	58,342	60,055	60,771	61,502	61,137	60,650	59,615	58,078	56,892	56,480	57,630	58,592	59,822	60,131	0	0	0
Mortgage banking income
Non-interest income before investment securities gains
24,561	23,099	22,797	21,035	19,605	19,026	18,638	18,547	19,525	19,928	22,501	22,225	19,981	19,415	16,773	16,108	17,550	18,208	17,614	17,788	18,190	17,107	17,747	20,832	26,088	30,656	39,106	42,577	42,723	44,600	38,007	35,355	30,261	25,674	28,311	32,768	30,618	29,304	0	0	0	-	-
Other
Non-interest income before investment securities gains
13,633	12,030	10,732	10,405	10,583	11,963	9,246	11,536	14,180	15,078	21,388	20,954	20,586	20,124	17,852	17,140	16,201	16,420	15,802	15,712	15,215	14,437	14,369	14,188	14,280	14,871	15,198	16,581	16,818	18,485	18,654	17,601	17,056	15,215	13,496	13,318	14,435	14,527	17,126	18,622	0	0	0