Fulton Monetary (FULT) reported $230.36 million in income for the quarter ended March 2024, representing a year-over-year decline of 15.2%. EPS of $0.40 for a similar interval compares to $0.39 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $268.9 million, representing a shock of -14.33%. The corporate delivered an EPS shock of +2.56%, with the consensus EPS estimate being $0.39.
Whereas buyers carefully watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Road expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers undertaking a inventory’s value efficiency extra precisely.
Right here is how Fulton Monetary carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Effectivity Ratio: 63.2% in comparison with the 64.1% common estimate based mostly on 4 analysts.
- Web Curiosity Margin: 3.3% versus the four-analyst common estimate of three.3%.
- Common Steadiness – Complete curiosity incomes property: $25.60 billion in comparison with the $25.76 billion common estimate based mostly on three analysts.
- Complete Non-Curiosity Revenue: $57.14 million in comparison with the $58.22 million common estimate based mostly on 4 analysts.
- Mortgage Banking: $3.09 million in comparison with the $2.11 million common estimate based mostly on 4 analysts.
- Non-Curiosity Revenue- Different: $3.40 million versus the three-analyst common estimate of $4.01 million.
- Wealth administration: $20.16 million in comparison with the $19.79 million common estimate based mostly on three analysts.
- Web Curiosity Revenue: $206.94 million versus $207.64 million estimated by three analysts on common.
- Non-Curiosity Revenue- Complete business banking: $18.83 million versus the three-analyst common estimate of $20.63 million.
- Non-Curiosity Revenue- Complete shopper banking: $11.67 million in comparison with the $12.12 million common estimate based mostly on three analysts.
- Web Curiosity Revenue (FTE): $211.53 million in comparison with the $210.27 million common estimate based mostly on three analysts.
- Non-Curiosity Revenue- Business banking- Different business banking: $3.38 million in comparison with the $3.25 million common estimate based mostly on two analysts.
View all Key Company Metrics for Fulton Financial here>>>
Shares of Fulton Monetary have returned -0.1% over the previous month versus the Zacks S&P 500 composite’s -0.9% change. The inventory at the moment has a Zacks Rank #2 (Purchase), indicating that it may outperform the broader market within the close to time period.
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