Fulton Financial: 4Q Earnings Snapshot
LANCASTER, Pa. (AP) _ Fulton Financial Corp. (FULT) on Tuesday reported fourth-quarter profit of $54.1 million.
The bank, based in Lancaster, Pennsylvania, said it had earnings of 33 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The financial holding company posted revenue of $257.4 million in the period. Its revenue net of interest expense was $217.8 million, which beat Street forecasts. Three analysts surveyed by Zacks expected $216.8 million.
For the year, the company reported profit of $232.6 million, or $1.39 per share. Revenue was reported as $877.5 million.
Fulton Financial shares have dropped 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.26, an increase of 5% in the last 12 months.