SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report - October 17, 1995
FULTON FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its charter)
Pennsylvania 0-10587 23-2195389
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(State or other jurisdic- (Commission (IRS Employer
tion of incorporation) File Number) Identification No.)
One Penn Square, P.O. Box 4887, Lancaster, Pennsylvania 17604
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 717-291-2411
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Item 5. Other Events.
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The attached unaudited financial information is filed pursuant to the
requirements of Securities and Exchange Commission Accounting Series
Release No. 130. This information reflects the results of operations of
Fulton Financial Corporation for the 30 day period following the
acquisition of Delaware National Bankshares, Inc. and should be read in
conjunction with the financial statements set forth in the Quarterly
Report on Form 10-Q filed by Fulton Financial Corporation for the quarter
ended June 30, 1995.
FULTON FINANCIAL CORPORATION AND SUBSIDIARIES
Consolidated Statements of Income (Unaudited)
Month ended September 30, 1995
(Dollars in thousands, except per-share data)
INTEREST INCOME
Loans, including fees..................................................... $ 16,561
Investment securities:
Taxable............................................................... 2,791
Tax-exempt............................................................ 335
Dividends............................................................. 186
Federal funds sold........................................................ 25
Interest-bearing deposits with other banks................................ 25
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Total Interest Income.......................................... 19,923
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INTEREST EXPENSE
Deposits.................................................................. 7,954
Short-term borrowings..................................................... 499
Long-term debt............................................................ 195
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Total Interest Expense......................................... 8,648
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Net Interest Income............................................ 11,275
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PROVISION FOR LOAN LOSSES................................................. 204
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Net Interest Income After Provision For Loan Losses............ 11,071
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OTHER INCOME
Trust department.......................................................... 607
Service charges on deposit accounts....................................... 806
Other service charges and fees............................................ 751
Gain on sale of mortgage loans............................................ 56
Investment securities gains............................................... -
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2,220
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OTHER EXPENSES
Salaries and employee benefits............................................ 4,322
Net occupancy expense..................................................... 810
Equipment expense......................................................... 459
FDIC assessment refund (Note A)........................................... (889)
Special services.......................................................... 432
Other..................................................................... 2,363
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7,497
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Income Before Income Taxes..................................... 5,794
Income taxes.............................................................. 1,510
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Net Income..................................................... $ 4,284
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PER-SHARE DATA
Net income................................................................ $ .15
Weighted average shares outstanding....................................... 28,373,588
Note A - In September, 1995, the Corporation received $1,327 from the FDIC,
representing a refund of FDIC insurance premiums paid related to the
period June 1, 1995 through September 30, 1995.
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act
of 1934, Fulton Financial Corporation has duly caused this Report
to be signed on its behalf by the undersigned hereunto duly
authorized.
FULTON FINANCIAL CORPORATION
By: /s/ Charles J. Nugent
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Charles J. Nugent, Executive
Vice President and Chief
Financial Officer
Date: October 17, 1995