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Fulton Financial: 1Q Earnings Snapshot

LANCASTER, Pa. (AP) _ Fulton Financial Corp. (FULT) on Tuesday reported first-quarter profit of $56.7 million.

The bank, based in Lancaster, Pennsylvania, said it had earnings of 33 cents per share.

The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 33 cents per share.

The financial holding company posted revenue of $251.5 million in the period. Its revenue net of interest expense was $213.3 million, beating Street forecasts. Five analysts surveyed by Zacks expected $212.5 million.

Fulton Financial shares have risen 7.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.64, a decline of almost 6 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FULT at https://www.zacks.com/ap/FULT