Fulton Financial: DA Davidson Maintains Neutral Rating, Raises PT to $20.

Fulton Financial: DA Davidson Maintains Neutral Rating, Raises PT to $20.

Fulton Financial Corporation (FULT) experienced a mixed market reaction following the release of its second-quarter 2025 earnings report. The company surpassed analyst expectations with an earnings per share (EPS) of $0.55, a 27.91% beat over the forecasted $0.43. Revenue also exceeded projections, reaching $324.07 million compared to the anticipated $321.98 million, maintaining a robust year-over-year growth rate of 15.48% [1].

Despite the impressive financial results, Fulton Financial's stock price declined by 2.73% in premarket trading, closing at $18.50. This decline may be attributed to broader market trends or investor concerns over future economic conditions. The stock is currently trading at a P/E ratio of 10.85x, suggesting it is fairly valued according to InvestingPro analysis [1].

DA Davidson & Co. has maintained a neutral rating on Fulton Financial, but has raised its price target to $20. The brokerage firm highlighted the company's strong performance in wealth management and commercial banking, which saw record highs in quarterly revenue. However, DA Davidson also noted potential challenges such as economic uncertainty and competitive pressures in the deposit and loan markets [2].

Fulton Financial's CEO, Curt Myers, emphasized the company's commitment to delivering strong results for shareholders and its focus on enhancing its wealth management and commercial banking segments. The company's CFO, Rick Kramer, noted the company's cautious optimism regarding future economic conditions, anticipating two interest rate cuts later in the year [1].

Looking ahead, Fulton Financial revised its 2025 guidance, projecting net interest income between $1,025 million and $1,050 million, with provision expenses ranging from $50 million to $70 million. The company expects fee income to reach $265 million to $280 million and operating expenses at $750 million to $765 million [1].

References:
[1] https://www.investing.com/news/transcripts/earnings-call-transcript-fulton-financial-q2-2025-beats-eps-forecast-93CH-4138034
[2] DA Davidson & Co. Analyst Report on Fulton Financial Corporation