Fulton Financial: 4Q Earnings Snapshot
LANCASTER, Pa. (AP) _ Fulton Financial Corp. (FULT) on Tuesday reported fourth-quarter profit of $58.1 million.
The bank, based in Lancaster, Pennsylvania, said it had earnings of 33 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The financial holding company posted revenue of $250.1 million in the period. Its revenue net of interest expense was $215.6 million, beating Street forecasts. Five analysts surveyed by Zacks expected $215.1 million.
For the year, the company reported profit of $208.4 million, or $1.18 per share. Revenue was reported as $838.1 million.
Fulton Financial shares have increased roughly 7 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.51, a decline of 11 percent in the last 12 months.