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Fulton Financial Reports Q2 Profit Growth Amid Blue Foundry Integration

Fulton Financial Corporation posted second-quarter 2026 net income of $99.9 million, or $0.52 per diluted share, marking a $7.7 million increase over the previous quarter. The Lancaster-based firm attributed the performance to the successful acquisition of Blue Foundry Bancorp and sustained demand for its community-focused banking model.

Fulton Financial Reports Q2 Profit Growth Amid Blue Foundry Integration
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The integration of Blue Foundry Bank, which became a wholly owned subsidiary on April 1 and merged with Fulton Bank on July 11, significantly reshaped the company's balance sheet. The transaction brought in approximately $2.1 billion in assets, including $1.6 billion in loans, and added $1.5 billion in deposits. Chairman and CEO Curtis J. Myers noted that the expanded footprint positions the institution to deepen regional relationships and drive long-term shareholder value.

Operating results for the quarter reached $0.60 per diluted share, reflecting higher non-interest income, which rose to $79.3 million compared to $69.8 million in the first quarter. While net interest income grew by $22.2 million, non-interest expenses also climbed to $231.0 million, driven largely by acquisition-related costs and increased personnel expenditures. The company's common equity tier 1 capital ratio improved to 12.1%, up from 11.9% in the prior period, as Fulton continued its 2026 share repurchase program, buying back 525,000 shares during the quarter.

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