FULT - Earnings call transcript Q4 2024 | Fulton Financial Corporation

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Operator

Good day, and thank you for standing by. Welcome to the Fulton Financial Fourth Quarter 2024 Results Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Matt Jozwiak, Director of Investor Relations. Please go ahead.

Matthew Jozwiak

XX, for to for the discuss and ended thanks call Financial's fourth and year webcast and our December morning, joining Fulton us conference quarter Good XXXX. earnings for

call Your host Executive Curt Chairman and Officer. is for Chief Myers, conference today's

is Financial Officer. Rick Chief Kraemer, Curt Joining

Investor comments refer on These afternoon. on financial Investor can News. by documents be found to website. Our website on information presentation at slide clicking yesterday related on today Relations on we and our with released will our The fult.com be included our also under earnings the the then and Relations announcement, which can page Presentations slides found

call, and harbor on other factors, and to refer uncertainties or safe are factors. risks, These forward-looking this the statements required statements other of these any statement risks undertakes our condition, are forward-looking and statements uncertainties guarantees and of and make in with Fulton's future to law, by additional of as materially. subject business. On not on statements. revise respect differ for obligation, Please to performance Fulton results representatives actual no X may to presentation Fulton financial of Slide could results release information forward-looking and than other on update earnings today's operations

Slides to the measures. and discussing non-GAAP financial financial yesterday information those Fulton representatives comparable non-GAAP Fulton's the for through may to announcement a of most GAAP Please today's Fulton's presentation released refer supplemental of performance, financial included In refer XX measures to measures. reconciliation certain earnings of with XX

to over the Now I'd to turn your host, like Curt Myers. call

Curtis Myers

everyone. morning, good and Matt, Thanks,

summary fourth year. and quarter for operating for today's highlights I'll the For of be a the call, providing the

were prepared in the to addition, our detail strategic a operating more we'll our status and results financial initiatives. be Then In guidance. key through After step Rick remarks, XXXX happy year for will review our successful provide few both I'll of extraordinary of the year, results together driven our fourth operationally effort quarter worked take team. very the you for strategically. have. Fulton's may a questions We by and any and the deliver to

For our corporate lives to the focused better. for year, strategy and change delivered our we on on mission the

result, a impact financial delivered $X.X line. the in customers, share, that operating in a which earnings communities record results billion company. revenue, total transaction, than We more the fully reached to XXX,XXX on for integrated the we we strong time record and a and completed delivering was As tremendous made grew aggressive We strong we serve. per performance, Republic an also

First balance our restructured simplifies a earnings across our significant made We by focuses transformation. Fulton investment initiative we bank. enhanced strengthened on our and and portfolio model, liquidity This sheet our strengths and progress improved strategic our transaction, sale-leaseback completing productivity We operating key our power. on the enhances we

as the Our capital capital successful solid generated a we with supplemented internal year throughout raise. position capital position and grew that

As year positioned a result, for and success company we XXXX delivered in strong continued and beyond. the a

deposits, by strong backdrop results rate driven considering for impact the $XXX $X.X our grew And million deposits or XXXX, First Legacy solid, was total including Fulton when or XX.X% of deposit billion growth initiative. was Fulton Republic X.X%. deposit In year. total earnings growth per transaction fundamentals, XXXX $X.XX of the and of interest the Our share impact of Operating Republic environment. initial the a strong, the financial were positive especially was volatile

$XXX Fulton or for million loan growth total was or including XX.X% while loan $X.X year was meaningful, loans Total when Republic. grew X.X%, growth Legacy the billion

last year at with interest net X.XX%. margin was Our consistent

interest this volatile feel the a outcome. positive rate we Given was environment, that

noninterest Our growth income was strong.

or income XX.X% the $XX million. on million the and Excluding grew on the securities impact acquisition noninterest of $XXX gain loss to the restructuring,

revenue to be at Wealth XX.X% over growth. to All total Noninterest XX%. by million $X.X meaningful at led income-generating continues Management noninterest businesses income or contributor grew, a

relationships declared a of with $X.XX performance. the share, and actively credit environment dividends managing to we working long-term manage borrowers through increase We And year-over-year. for X% continue per

While in Overall, we results were performance to of was see pressure with team due performance XXXX year. our higher the our expectations. we throughout our line pleased in with and ongoing and the higher impact rates the generated cost,

linked Now quarterly quarter. turn in We stable generated flat $XXX quarter Total with noticeable a loans million our relatively per were sheet to linked deposits quarter. level and was balance drove share, deposit for down earnings declined basis results. costs let the $X.XX me XX Operating improvement the originations. a quarter. of consistent points Total expenses

as by was well loans repositioning as portfolio selected indirect decline organic auto Republic planned our However, the offset in of growth portfolio.

to year bargain XXXX. loans Our total The loan-to-deposit the gain. position ended XX% long-term credit income quality slightly sheet remain This enter the balance asset quarter $XX.X to X.XX%. our was the ratio we continues $X.X to provide in excluding we when to XXX% target with as our adjustment and line was the to XX%, ratio purchase increased [ our ]. provision and up million $XX.X Noninterest for at million, below losses the year operating linked cautious ACL expectations, flexibility. Overall, ended of quarter for of million,

I'll Now transaction. comment key initiatives: provide let on on Republic status First, the of X updates me the

the benefits We are in our contributions we saw full and During line assumptions. results XXXX. finalized completed the financial quarter the to and with the impact quarter, our realizing initial our integration efforts now are in see fourth excited to noticeable results savings systems cost conversion,

FultonFirst. I'll on Finally, our progress you provide with

a initiative over enhance to create As and FultonFirst operating operating improve leverage designed important an positive effectiveness reminder, growth, is time. sustainability,

the forward made and full looking beyond. by to benefit are over the encouraged next We progress realization the year to date, we've and we are

us year-over-year will this to the in our operating efficiency accomplishment expenses on initiative keep feel allow significant operating For and we improve a XXXX, is the We expect environment. a current our flat basis.

over XXXX the financial our operating discuss Now guidance and to to I'll detail. more turn Rick performance in call our

Richard Kraemer

to the and growth XXXX. I numbers, comparisons otherwise, I are morning. reference on quarter basis. Starting you, may I linked X. Operating a note of discuss was annualized Slide quarter. in $XX.X third relatively were of the Unless account in net with time deposits. quarterly diluted savings common products decline million Thank share deposit offset Growth the available growth and income earnings Curt, was Loan operating a percentages by on interest-bearing are for flat demand good Deposit quarter and or $X.XX shareholders. per

DDA balances noninterest-bearing $X.X Our and at at billion, of linked total were flat deposits. quarter XX% remained

portfolio loans million dynamics declined the previously As $XXX mentioned, discussed. quarter we to due total the during

remains a cash $XXX decline offset XX% of an included liabilities increase On-hand of at securities balance sheet liquidity million, by in of strong over $XXX and of million.

subsequent attributed subordinated of maturity quarter. cash $XXX and in in million of be repayment Some of to the the decline can debt the balances

Impacts a income decline of on quarter, Slide these Fed million basis X. through driven non-FTE primarily linked $XXX interest of balance by X.XX%. million, by Net basis sheet September net while December. The XXX interest points margin a linked to by quarter decrease from the was $X effects declined X the was trends points are shown easing basis on of

added addition, support more to rate we $XXX risk profile. hedges received million fixed of In a interest neutral

loan accretion $XX.X loan basis accounting Included on is purchase Loan in yields the yield XX points quarter acquired to to marks portfolio. attributable the Republic of the linked million X.XX%. declined

with This Our was linked average points to the pricing monetary due cost quarter. to XX X.XX% primarily of total Fed decline decreased basis in actions deposit the policy. deposits tandem taken

This a purchase Noninterest for value the to attributable $X.X noninterest income Turning quarter included the million. $XX.X Slide Republic on was X. fair income to adjustment transaction gain to the of million. bargain

Excluding this increased $X.X X% million fee or adjustment, income linked quarter.

of a Noninterest an a basis decrease X. $X.X million million, was $XXX.X operating Slide annualized to or basis. X% on quarter on expense linked quarter Moving linked

achieving are the the we estimate realizing projected acquisition Republic XXXX, XX% of our December efficiency save cost and of As FultonFirst. annualized of of are benefits from

intangible were of and expenses $XX asset million million excluded Slide on and amortization. expense, $X.X of X, million items acquisition-related Material disposal of implementation charges listed core operating of expenses $X.X from as FultonFirst deposit

your attention X. to Turning Slide

benefits of the reminder see initiative financial FultonFirst You'll and a assumptions. of expected the

quality. to to to assets points, XX total nonperforming net assets was increased basis Turning modestly while charge-off points. basis asset basis X XX to points The ratio up

the on loans highs loans ACL to in historical X.XX%, XXX%. nonperforming came at while ACL near total Our at remains

Slide our a snapshot XX of base. capital shows

regulatory December of cushions minimums. we solid As over the XX, maintained

additional quarter year a $XX.X at of ratio by Our tangible reserve capital impacted being million. was OCI the despite ended flat $XXX negative million. linked OCI

we our XX, guidance providing Slide operating are XXXX. for On

projected in June the points Fed XX funds, XXXX. incorporates of decrease guidance in XX Our up basis and March basis in points

For XXXX, basis our non-FTE our we expect follows: be to of guidance $XXX is operating range on income $X.XX as net billion. a the million to in interest

$XX to losses We in expect of to for be credit $XX range million. million provision the our

of range noninterest on expect an and $XXX to to be noninterest We in be for $XXX the million expect year. the basis to operating to of income $XXX in range expense our million, our the we million $XXX million

charges to first open $XX.X amortization potential be and excludes million. $XX estimate operating CDI Our of estimated million

rate year. turn tax for lastly, questions. be And With effective we back Victor to the call to for over approximately our XX% that, now expect we'll the

Operator

Instructions] comes the from first Tamayo Raymond [Operator James. Danny Our line question of from

Daniel Tamayo

clarification Maybe just if can. I a with start question,

curious off it's On number? if the that? so, number, the And the driving digits, the asset that's the I'm Just of low growth, -- number, single quarter earning assuming. what's that annual average from [indiscernible] fourth guidance, a is decline

Richard Kraemer

it? clarify assets. didn't provide average We Can on guidance you earning

Daniel Tamayo

growth of as may if Well, in year don't you're about I here. side deposit bit that see in kind a the looking little where just apologize. on you the not I'm at terms loans thing sure of we the I'm what well? talk wrong why thinking and of and sheet for terms balance

Curtis Myers

Curt. it's Dave, Yes,

giving information. to on forward. on as So environment NII of we guidance, the sheet move see we're balance can sides you we growth, the low to focused asset And this in really mid-single-digit then growth continue operating in both expect on which

Daniel Tamayo

Okay. the normalization -- a And we bit a in Are you if Fair approaching rates thinking guys are maybe peak. about you're -- little like about can Curious are All a guidance. just loss enough. talk then provision going how you we forward, process? right.

normal seen you bit where the little see Just we've there reserves movement given well? curious as of guys

Curtis Myers

Yes.

the X So the CECL double count guidance for million million. provision given just $XX day XXXX, $XX in to excluding and $XX million under was had we

last in going a line guidance The sheet bigger the little year. So we're acquisition. year forward, balance this right is on the with based expectations

on and positioned last year, as looking and we why to have range a year we operating that that at we're looking So did at similar right expect where we provision. that's now,

that's And right going things bigger kind year. pretty what we've the of have We reserve see to now, a we stable experienced. how relative into

Daniel Tamayo

Got you.

operating the question. I was looking mid-single-digit your I to looking at just growth. the first the to earning So at asset comment -- clarify low on guidance slide, was interest

So average? and that's end not you're period saying

Richard Kraemer

be that end. would period Yes,

Daniel Tamayo

it. Got

Okay.

All I think that my right. answers had. I question That's all then.

Operator

from of Next KBW. the come question line will Chris from McGratty

Unknown Analyst

on is This [indiscernible] for Chris McGratty.

cadence of the with guide, like growth stable think gave on you the relatively margin looks we the the we the Just margin. implies NII it should the it in year? as about How throughout move guidance,

Richard Kraemer

cadence think the Yes. NII, we from the we're course growth year would stay would to going in guidance the adjustments starting potential year to Look, over think and higher and think just the dynamics. drifting then I I tend for about over to slightly try given away some specific When the gradually several count also day given be XQ, lower of year. margin

Unknown Analyst

in in know And use. said past buybacks in third appetite the here capital line for Has you've shares buying XXXX? Okay. that back start thinking the or your changed to about I have environment been

Curtis Myers

utilization on We an remain be would third have would and the Our capital priority do that same, authorization. list. approved the for

do same. that but remain flexibility So that, to corporate have our we the priorities

Operator

Group. of line the from David Bishop come will Hovde from question next Our

David Bishop

in curious the the FultonFirst guidance. I of Just appreciate initiative, terms

there's quantify, in are the run Just saves maybe way or date, curious, already realize cost to rate? if don't a mean cost that sort know I saves I of to

Richard Kraemer

Yes.

under million So in quarter, at rate. about the run just fourth $X in we look

on basis. So a quarterly

David Bishop

million, million the Got to of think the be it. year? terms then And I whole correct $XX in $XX is estimated

Richard Kraemer

Yes.

multiply think So [indiscernible] saves get year, the take view you . the you and getting simplistic incremental of the over is to your course quarterly obviously, the that, I [indiscernible]

David Bishop

of then of a And the it. Republic terms the Got -- maybe Bank deposits. the here bit, retention in shifting gears

expansion? aiding either you're mix trends? And are there [indiscernible] of what margin seeing seeing sort shift Just there curious you or that's in any

Curtis Myers

Yes. team and it stable. it's well the deposit managing Overall, portfolio, is the

had initial we So runoff.

stable. I And last runoff. talked that initial it about think be potential continued continue deposit assumptions throughout this quarter been to pretty ahead stabilizing base of we on quarter we that that, has our

David Bishop

that a but And sense Accretion then averages predict, to maybe, million, Rick, I where it's housekeeping XXXX? Got just sometimes income, know quarter question. $XX.X into tough purchase about any accounting. it. per maybe And

Richard Kraemer

you quarterly million. should Yes. On in a be that to looking $XX.X somewhere basis, $XX million

Operator

Our from Breese next the of question will line Matthew from come Stephens.

Matthew Breese

you then rate loans the the was some I quarter? And hoping on all was just just floating, adjustable and other was given loan reminder kind thing for of a bottom I this assuming bit. of for I of through I drove and quarter down little this floating. maybe off, yields yields, yields breakout but First hoping fixed expect outlook same Yields lines, the between your it to I'm what walk along bps you of a Fed XX year. to extent. where loan down do another expectations, during was that were or quarter. the could thinking a hoping was me lesser X

Unknown Executive

Matt. Yes,

date did just So Slide your terms breakout of variable corner the fixed then little years. detail a some provide earnings we left of repricing -- to in our weighted put more of actual on in supplement, the average versus bottom the of put of terms versus attention dollar on XX periods contractual and in bit there adjustable did

give terms billion will short, short obviously, piece is component $X.X the repricing. adjustable X just under the you So X.X bit years, sub variable average acts of -- a fixed little But in look call reprices right? of relatively it the more month on of at in a certainly of terms in $XX that term. at it So billion

ex lead the I coupons also on X%. to purchase to accounting or closer that book would you

the you with foreseeable So tailwind current next the of future do where are. call in a it, rates repricing least at those over the the, get environment

Matthew Breese

and of the that. X like Fed with the is you question me the year, do but where up hit given to going of was do beginning NIM It the to the yield can yields the part Fed walk expect down and loan or NII the year. cuts to -- appreciate down be feels this And the expectations, get I as past Great. expect kind you be into we right of outlook rate on cuts? of to then loan right your expectations kind just through the bottom second where right

Richard Kraemer

XXX on you little should Yes, But to I to right, hesitant think pause, number cadence, get loan through see a similar we on little dynamic a So Fed piece, fairly of directionally, that's right. repricing in a give maybe right? nice the I got rebound basis mean -- type you're that I'm the mentioned adjustable we because points bit September a assuming I December. of probably to start the yields. effectively

But I same amount wouldn't pressure right. of loan directionally wise, and you're expect I timing the on yields. So quite think

Matthew Breese

we environment. bit that. Appreciate And about the talked little then, rate quarter, Rick, a deposit last

the you had how effect think debt the term of and you XX% said . XX% color beta do when think Just something goals? can ] of relative near hit give I the us that to you're environment those competitive around on longer-term you [ goal? kind And faring to beta XX%. deposit some

Richard Kraemer

Yes.

plus a least I approaching cycle, XX% mid-XXs. Matt, on if we're -- it, think, is at, I rates, look at spot as on we look NMDs obviously cycle, which call short

of the deposits beneficial. you'll have pricing I page, would same over the substantial of the substantial have that. some deposits repricing. least pricing average, at [indiscernible]. on call XXXX of time Retail CDs think quarters. Certainly, point next to total the of I on have there, So up XX, Slide it, that dynamics that on we those, in those fairly probably also amount seen we're make recognize that hopefully, get course going couple mature a about XX% And close downward been of on and

to XX, market. of rate, [ call similar see would assuming stable over it, the course points XXX year, potentially a the I ], expect basis benefit more of So XX competitive

Matthew Breese

and back you it's on for was expect last for then clarity some mid-single-digit before growth the kind where last hoping grow. that to 'XX? quarters, Low if expect of see you not in where other one areas weak, we C&I curious to do In year. has I'm helped couple the hop Great. but queue. been And to been grow I And loan the trend I have of out. in to continue

Curtis Myers

growth in to position focus really categories. in we're a Matt, on Yes, all

about So feel focus is us. a C&I Consumer focus. always is good a position CRE where is, we always our for

grow and and going we to around focused do past quarter all on trying the headwind this to the have the continue categories. had auto, sheet loans. some of repositioning balance the So we're of indirect in runoff in acquired diversification that to be consumer We

have might those why the growth. loan to of low mid-single-digit to So and we're we continue that's at some headwinds looking

Operator

We have Tamayo a of follow-up from Danny the James. line from Raymond

Daniel Tamayo

Great.

Just a ones here. of quick couple

income or First, just this I an have thinking talking aren't accretion expectation know about you how if the you guys but about margin, year? curious expected you're

Richard Kraemer

$XX Yes. should fairly $XX.X It a to be quarter. of the kind stable in million million

year a drift at lower looking -- the goes It you're So slightly tends that's to on, will it range. as but good [indiscernible].

Daniel Tamayo

impacted you apologize on one question. Hopefully, talked think guidance you've the the said terms for I sorry, And just fee where on But of by line about Curious where guidance curious income. also this those the overall? within your is income fee not thoughts by items banking mortgage I that, Okay. up so the repeat. say that and I'm specifically hearing you lower then show -- might already, a second rates rates in

Richard Kraemer

rates Yes. going certainly. also the on depending what rates, And banking, business. lines swaps, that to like Look, be move, commercial movement, think as you depending revenues obviously, on or I then to wealth exposed mortgage think, business of mentioned, the I more volatile look, the happens, equity management, more are to rates lines market on business where correlates

the those pieces. primary So are

Daniel Tamayo

just be slower You those or down a growth of think could XXXX some in rate? versus line actually 'XX items

Richard Kraemer

management. record historic of growth off coming We're wealth our in

S&P. XX% consecutive plus on the returns You've had X years of

likely to low I some So forecast swaps, huge then year of And it conservative in if being be a there. mid-single commercial we're loan the expecting appropriately won't there. think growth, we're again,

Operator

from Schiraldi will question of from Piper come line the next Sandler. Frank Our

Frank Schiraldi

completed obviously you're potential Is you you likely at Just And would But priorities. be you about on could after do conversion M&A curious deals. be have the maybe your in looking looked FRBK, incrementally where terms the in what to wanted with Is guidepost the thoughts still and more something systems ask to in FultonFirst you FultonFirst? curious initiative. term? it. that going through near something that that potential Just got just work of around for fits

Curtis Myers

Curt. it's Frank, Yes,

and your and to X Our in is operating to really question do. at position them M&A, we look the on can market to banks -- we accelerate $X being That same the in us that would for have are initiatives larger consistent appropriate M&A at an billion right weigh look our ones, on to all culture a and we of growth really different at feel community billion sure buckets. in being at we activities. we now, and position to that and We corporate is strategic same in make the various thing strategy provide back And to it's different M&A. going $X look handle that have then the to more model strategy look we

as we to capability have always sure we that we the are a and sure operating But activity, we engaged make in So possibility. it's again, make will execute are effectively. we

Frank Schiraldi

-- the revenue -- initiative? million pickup side that on XXXX, there Okay. the from rate additional the the And is But past. expense fully sorry, FultonFirst if any $XX on initiative, the anticipated then kind of this the in there on probably run clarified is I the in side, you've just through

Richard Kraemer

is based. Yes. All that expense Frank, guidance,

Frank Schiraldi

Okay.

So is sorry, yes, -- that ahead. go

Curtis Myers

as rate execute strategies. forward we're pretty just we but initiatives, and to drive going the execute run they're growth initiatives growth, in just to well, them, add, going line significant we our corporate generate there are aren't we there but those those to to going and won't on as into building be Frank, numbers growth

Frank Schiraldi

you. Got

of XXXX, in time line sort is Okay. by same on the a Do the think to fine of not fully you integrated point put too terms it?

Curtis Myers

Yes.

it will strategy So growth, base implementation revenue. build to But time takes that and line. the be same the on any with time build customer revenue

included growth overall And our over we'll is time. that again, in be forecast expectations. and So

Operator

line the Manuel come next Davidson. Our of question from from Navas will D.A.

Manuel Navas

them of another some to are more guess that. up on revenue quarter process. detail [indiscernible] along about go just word the you initiatives. into the the Maybe I follow definitely some Can of

give if kind that Just on seeing you could initiatives? more commercial any update of growth

Curtis Myers

Yes.

focus core initiatives overall Just a of because strengths. the comments, our to lot are on some

then add strategy So are done performing that. business customers have our specifically banking, to clients, a revenue that strong the to it business, value a on of and around where we further growth. And growth marketplace, significant small currently well. focus a well, enhance opportunity on in we've and And number is

line we'll more the So item customer already do. even we that that or than segment focus a is on specific

but in growth base a think we can small have now, customer have the we We business significant category. transformative

Manuel Navas

or opportunity? expect be think the generating we as maybe year goes Should kind should year from revenue now on a would update? updates we more How about of the that

Curtis Myers

those Yes. we're over going growth talk Over time, to time. segments business and about

So the we you We FultonFirst. But hear growth. probably it. this more about you'll of value construct hear just operate about and in hear through that drive year, will it you'll term, as long and

Manuel Navas

Great. Great.

update with any kind near-term over those that missed loan growth done? of shifting just on give anticipated? you an commercial And if pipeline? is kind headwinds -- apologize to in I Is and loan I that FRBK second. there Is of on the growth I mind. [indiscernible] Did if hear for more side? thoughts that loan Just to that. from repositioning a there's loan wanted Just of

Richard Kraemer

Yes.

headwind. the to Specifically

-- about So on remaining and the in it's duration portfolio is an million $XXX X.X got the we around years. indirect -- of balances side, average

all that see quarter, think -- expect Republic type call you in $XX repositioning, we've we're you'd I for I a But of people, fourth million integrated range. of So can of -- in similar the think quarter. in a runoff terms the to it,

see, you'll details. more some let but other So that Curt kind the elaborate on I'll of probably actions was largest

Curtis Myers

just part to Yes. question. want go the to first back your I of

deposit, forward. auto. from And then get that, through indirect want have on acquisition, in stability there. of in grow the some we work to we are and move then going as you're headwinds, to Republic, those again, you stability to an loans And will So as that the moderate

Philadelphia is areas. really Greater in growing team metro marketplace the focused the that on strategic So

So we to have strong think a we from. base grow really

you'll see we this year pivot I those as throughout think transitions. that work through

part of question? we did your get the And first

Manuel Navas

pipelines, believe it I though, Commercial I don't else. unless somewhere missed

Curtis Myers

Yes.

on pipeline, pipeline flat. the commercial So relatively is

So the on focused And consistent. pull-through we've pretty really rate. been

moving a but expanding? more seen much Are haven't borrowers projects. we're there, improves of to business that our that our And change So customers hoping the they they move equipment. really on confident forward, buying are and that underlying become we forward environment

So don't as to think grow the we really projects. be we pipeline with borrowers forward much in confident as have have this environment move to

Manuel Navas

commentary. I the become what process? and have folks the appreciate main that certain [indiscernible] And maybe kind of grows thought that of that policy? as of Is so many the said, matches kind kind year economy on across more on

Curtis Myers

Correct.

Operator

And I'm over would questions closing to showing for it any back Myers like I further at Curt now moment. turn to remarks. this not

Curtis Myers

for Well, to hope you. today. thank joining April. results when again Thank quarter be you able us you'll in first us We discuss be with we

Operator

program. in participation the conference. does for today's This you your conclude Thank

may You have disconnect. a Everyone, now day. great

Fulton Financial (FULT) 22 Jan 252024 Q4 Earnings call transcript