Fulton Financial CEO Says Expects Deal For Republic Bank To Add 20% To Earnings Per Share In 2024; Total Deposits For Fulton Increased 20% After The Deal
Portfolio Pulse from Benzinga Newsdesk
Fulton Financial's CEO announced during a conference call that the acquisition of Republic Bank is expected to add 20% to Fulton's earnings per share in 2024. Additionally, Fulton's total deposits increased by 20% following the deal.
April 29, 2024 | 3:09 pm
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The acquisition of Republic Bank is expected to significantly enhance Fulton Financial's earnings per share by 20% in 2024, indicating a strong financial outlook. The deal also resulted in a 20% increase in total deposits.
The CEO's announcement directly impacts Fulton Financial by forecasting a significant increase in earnings per share, a key metric for investors. The 20% increase in deposits post-acquisition further strengthens the company's financial position, suggesting a positive outlook for FULT's stock price in the short term.
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