FULT
LANCASTER, Pa. (AP) — LANCASTER, Pa. (AP) — Fulton Financial Corp. (FULT) on Tuesday reported fourth-quarter earnings of $68.6 million.
The bank, based in Lancaster, Pennsylvania, said it had earnings of 36 cents per share. Earnings, adjusted for one-time gains and costs, came to 48 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The financial holding company posted revenue of $480.3 million in the period. Its revenue net of interest expense was $323.9 million, also topping Street forecasts.
For the year, the company reported profit of $288.7 million, or $1.57 per share. Revenue was reported as $1.25 billion.
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