LANCASTER, Pa. (AP) — LANCASTER, Pa. (AP) — Fulton Financial Corp. (FULT) on Wednesday reported first-quarter net income of $94.8 million.
The bank, based in Lancaster, Pennsylvania, said it had earnings of 51 cents per share. Earnings, adjusted for non-recurring costs, were 55 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The financial holding company posted revenue of $459.9 million in the period. Its revenue net of interest expense was $336.2 million, which fell short of Street forecasts.
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