Fulton Financial Q3 2024 Adj EPS $0.33 Misses $0.44 Estimate, Net Interest Income $258.01M
Portfolio Pulse from Benzinga Newsdesk
Fulton Financial reported Q3 2024 earnings per share of $0.33, missing the analyst estimate of $0.44. Net interest income was $258.01 million, below the expected $263.40 million, but up 18.20% from last year.
October 15, 2024 | 8:35 pm
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Fulton Financial's Q3 2024 earnings per share of $0.33 missed the analyst estimate of $0.44, and net interest income was below expectations at $258.01 million. Despite the miss, sales increased by 18.20% compared to last year.
The earnings per share and net interest income both missed analyst expectations, which is likely to negatively impact the stock price in the short term. However, the year-over-year increase in sales may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100