Fulton Financial Corporation’s Board of Directors approved a new $150 million share‑repurchase program on December 16 2025. The program authorizes up to $25 million in the first year for repurchases of preferred stock and subordinated notes, with the remaining principal available for common‑stock buybacks through January 31 2027.
The new authorization follows a $125 million program approved in December 2024 that expired at the end of 2025. During that period Fulton repurchased 1.65 million shares at an average price of $18.67 per share, demonstrating a disciplined approach to capital return. The additional $150 million expands the company’s ability to deploy excess cash while maintaining regulatory flexibility.
Fulton’s capital position remains robust, with a Common Equity Tier 1 ratio of 11.5 % and liquidity that comfortably exceeds regulatory requirements. The company’s balance sheet strength allows it to return capital to shareholders without compromising its ability to fund growth initiatives or absorb potential credit losses.
CEO Curt Myers said the program “demonstrates our continued strength, confidence and commitment to delivering value to our shareholders.” The decision to increase both the common dividend and the share‑repurchase program signals management’s belief that the stock is undervalued and that excess capital can be more effectively deployed through buybacks than through other investments.
The share‑repurchase program is part of a broader capital‑return strategy that also includes an all‑stock merger with Blue Foundry Bancorp, valued at approximately $243 million, announced on November 24 2025. Together, the buyback and merger underscore Fulton’s intent to strengthen its market position while rewarding shareholders.
The expanded program enhances shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and supporting the share price over the long term. It also provides flexibility for future capital‑allocation decisions, allowing the company to respond to market opportunities or economic headwinds without compromising its capital adequacy.
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