Fulton Financial Reports Q2 Profit Growth Amid Blue Foundry Integration

The integration of Blue Foundry Bank, which became a wholly owned subsidiary on April 1 and merged with Fulton Bank on July 11, significantly reshaped the company's balance sheet. The transaction brought in approximately $2.1 billion in assets, including $1.6 billion in loans, and added $1.5 billion in deposits. Chairman and CEO Curtis J. Myers noted that the expanded footprint positions the institution to deepen regional relationships and drive long-term shareholder value.

Operating results for the quarter reached $0.60 per diluted share, reflecting higher non-interest income, which rose to $79.3 million compared to $69.8 million in the first quarter. While net interest income grew by $22.2 million, non-interest expenses also climbed to $231.0 million, driven largely by acquisition-related costs and increased personnel expenditures. The company's common equity tier 1 capital ratio improved to 12.1%, up from 11.9% in the prior period, as Fulton continued its 2026 share repurchase program, buying back 525,000 shares during the quarter.