Fulton Financial Corporation (NASDAQ: FULT) reported solid fourth-quarter 2025 results, marked by improved profitability and modest revenue growth. Performance reflected balance sheet discipline, stable credit quality, and continued progress in business diversification. Results were consistent with management’s focus on core banking execution in a moderating rate environment.
Q4 2025 Performance Overview
Fulton Financial generated Q4 2025 revenue of approximately $336 million, up 5.1% year over year. Growth was driven by higher net interest income, supported by disciplined loan pricing and steady average earning assets. Net interest income rose to about $266 million, compared with $254 million in Q4 2024. Net interest margin stabilized as funding costs began to normalize late in the quarter.
Non-interest income increased 6.2% year over year to roughly $70 million. Growth was supported by higher wealth management fees, service charges, and mortgage banking income. The contribution from fee-based businesses helped offset rate-related volatility and supported revenue diversification.
Net income available to common shareholders rose to approximately $96 million, compared with $66 million a year earlier. Earnings benefited from operating leverage, lower provision expense, and controlled non-interest expenses. The net profit margin improved to about 28.7% from 20.7% in Q4 2024, reflecting stronger bottom-line conversion.
Credit performance remained stable. Net charge-offs stayed low, and asset quality metrics were broadly unchanged. Management maintained a conservative underwriting posture, particularly in commercial real estate and construction lending.
Full-Year 2025 Results
For full-year 2025, Fulton Financial reported revenue of about $1.31 billion, representing 6.2% growth over FY 2024. Net interest income increased to roughly $1.04 billion, reflecting higher average loan balances and effective repricing across the portfolio. Non-interest income was stable at approximately $277 million, indicating resilience across fee-based businesses despite softer capital markets activity earlier in the year.
Full-year net income rose to approximately $381 million, up 36.9% year over year. Earnings growth significantly outpaced revenue growth, driven by improved margins, lower credit costs, and operating discipline. The full-year net profit margin expanded to roughly 29.1%, compared with 22.5% in FY 2024.
Capital levels remained strong. The company continued to generate capital organically while maintaining shareholder returns through dividends. Liquidity metrics were stable, supported by a diversified deposit base and conservative balance sheet positioning.
Business Development and Diversification
Fulton Financial continued to advance its long-term strategy focused on regional expansion and revenue diversification. The company invested in commercial banking teams across its Mid-Atlantic footprint, targeting middle-market clients and specialized lending verticals. Growth in wealth management and trust services remained a strategic priority, providing more stable, fee-driven income streams.
Digital banking initiatives progressed during the year, with enhancements to treasury management and small business platforms. These investments are aimed at improving client retention and operating efficiency over time. Management also emphasized disciplined expense management and selective technology spending to support scalability.
Outlook
Overall, Q4 2025 results highlighted Fulton Financial’s ability to improve profitability in a stable but competitive operating environment. Revenue growth remained steady, while margin expansion and cost control drove outsized earnings growth. The company enters 2026 with a balanced business mix, solid capital position, and continued focus on diversified income generation.