Fulton Financial Corporation reported net income available to common shareholders of $60.6 million, or $0.33 per diluted share, for the third quarter of 2024. This represents a decrease of $31.8 million, or $0.19 per share, compared to the second quarter of 2024.
Operating net income available to common shareholders for the three months ended September 30, 2024, was $91.3 million, or $0.50 per diluted share, marking an increase of $8.8 million, or $0.03 per share, linked quarter. Revenue for the quarter reached $305.8 million, an 18% increase from the third quarter of the prior year.
Fulton Financial's earnings and revenue for the quarter surpassed analyst estimates by 13.64% and 0.35%, respectively. The company's ability to exceed these expectations indicates solid operational performance in the period.
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