How did FULT's Q4 earnings surprise impact its annual performance?

Fulton Financial's (FULT) Q4 earnings surprise had a positive impact on its annual performance, contributing to a stronger annual net income and revenue. Here's a detailed analysis: 1. **Q4 Earnings Surprise Contribution**: - FULT's Q4 2024 diluted EPS surprise was $0.06, which is a positive indicator. - This surprise, although modest, reflects improved profitability for the quarter. |code|Ticker|Name|Date|Total Revenue (FY) YoY|Net Income (FY) YoY|market_code| |---|---|---|---|---|---|---| |FULT|FULT.O|Fulton Financial|2024|14.241878657700255|1.5699310538905302|185| 2. **Impact on Annual Net Income**: - The Q4 earnings surprise contributed to an annual net income of $288.74 million. - Without the Q4 surprise, the annual net income might have been lower, indicating that the positive surprise had a cumulative effect on the annual performance. |code|Ticker|Name|Date|Total Revenue (FY)|Net Income (FY)|Diluted EPS (FY)|market_code| |---|---|---|---|---|---|---|---| |FULT|FULT.O|Fulton Financial|2022|1.008764E9|2.86981E8|1.67|185| |FULT|FULT.O|Fulton Financial|2023|1.081964E9|2.8428E8|1.64|185| |FULT|FULT.O|Fulton Financial|2024|1.236056E9|2.88743E8|1.57|185| 3. **Impact on Annual Revenue**: - The Q4 revenue surprise, although not directly reported, can be inferred as contributing to the annual total revenue of $1.24 billion. - The fact that the annual revenue increased from $1.01 billion in 2022 to $1.24 billion in 2024 suggests that the Q4 surprise had a role in this upward trend. 4. **Annual Performance Context**: - FULT's annual diluted EPS increased from $1.67 in 2022 to $1.57 in 2024, which could be influenced by the Q4 surprise. - The annual net income also showed improvement, with a cumulative increase from $286.98 million in 2022 to $288.74 million in 2024. 5. **Conclusion**: - The Q4 earnings surprise had a positive ripple effect on FULT's annual performance, contributing to higher net income and revenue. - While the direct impact of the surprise might be small, it played a role in the company's overall financial performance over the year. In summary, FULT's Q4 earnings surprise had a beneficial impact on its annual net income and revenue, contributing to improved financial performance for the year ending December 31, 2024.