Regional banking company Fulton Financial (NASDAQ:FULT) reported Q2 CY2025 results topping the market’s revenue expectations , but sales fell by 1.9% year on year to $328.4 million. Its GAAP profit of $0.53 per share was 24.7% above analysts’ consensus estimates.

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• Net Interest Income: $254.9 million vs analyst estimates of $255.1 million (5.5% year-on-year growth, in line)

• Net Interest Margin: 3.5% vs analyst estimates of 3.4% (6.2 basis point beat)

• Revenue: $328.4 million vs analyst estimates of $318 million (1.9% year-on-year decline, 3.3% beat)

• Efficiency Ratio: 57.1% vs analyst estimates of 61% (3.9 percentage point beat)

• EPS (GAAP): $0.53 vs analyst estimates of $0.43 (24.7% beat)

• Market Capitalization: $3.56 billion

“I’m proud that our team has delivered a new company record, with operating net income of $100.6 million, or $0.55 per diluted share, this past quarter,” said Curt Myers, Chairman and CEO of Fulton.

Tracing its roots back to 1882 in the heart of Pennsylvania, Fulton Financial (NASDAQ:FULT) is a financial holding company that provides banking, lending, and wealth management services to consumers and businesses across five Mid-Atlantic states.

In general, banks make money from two primary sources. The first is net interest income, which is interest earned on loans, mortgages, and investments in securities minus interest paid out on deposits. The second source is non-interest income, which can come from bank account, credit card, wealth management, investing banking, and trading fees.

Over the last five years, Fulton Financial grew its revenue at a solid 8.4% compounded annual growth rate. Its growth beat the average bank company and shows its offerings resonate with customers.

We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Fulton Financial’s annualized revenue growth of 8.3% over the last two years aligns with its five-year trend, suggesting its demand was predictably strong.

Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.

This quarter, Fulton Financial’s revenue fell by 1.9% year on year to $328.4 million but beat Wall Street’s estimates by 3.3%.

Net interest income made up 76.1% of the company’s total revenue during the last five years, meaning lending operations are Fulton Financial’s largest source of revenue.

First-time buyers are set to see an “instant impact” from the drive to kickstart economic growth, Chancellor Rachel Reeves is expected to say.

More mortgages will be available at more than 4.5 times a buyer’s income following recent Bank of England recommendations that some lenders can offer more high loan-to-income mortgages if they choose to.

This will create up to 36,000 additional mortgages for first-time buyers over the first year, the Government said.

Britain’s biggest building society – Nationwide – announced last week that it is aiming to increase its high loan-to-income lending limit.

From Wednesday, eligible first-time buyers can apply for Nationwide’s Helping Hand mortgage with a £30,000 salary, down from £35,000, and joint applicants with a £50,000 combined salary – down from £55,000.

It is estimated this will support an additional 10,000 first-time buyers each year.

The changes will sit alongside the creation of a permanent mortgage guarantee scheme, delivering on a manifesto commitment, and a review of Financial Conduct Authority (FCA) lending rules that could allow prospective buyers’ records of paying rent on time to be used to show they can afford mortgage repayments.

Reforms will be outlined in Leeds ahead of Ms Reeves’s Mansion House speech on Tuesday evening.

Speaking in the City of London, the Chancellor is expected to say: “I welcome the recent changes the (Bank of England) Financial Policy Committee has announced to the loan-to-income limit on mortgage lending, which the PRA (Prudential Regulation Authority) and FCA are implementing immediately.

“With an instant impact for consumers, such as Nationwide offering its Helping Hand mortgage to more first-time buyers – supporting an additional 10,000 each year.”

Ms Reeves is expected to add: “Today, I have placed financial services at the heart of the Government’s growth mission.

“Recognising that Britain cannot succeed and meet its growth ambitions without a financial services sector that is fighting fit and thriving.

“And I have been clear on the benefits that that will drive.

“With a ripple effect that will drive investment in all sectors of our economy and put pounds in the pockets of working people.”

Nicholas Mendes​​​​, mortgage technical manager at broker John Charcol, said: “The decision to widen access to Nationwide’s Helping Hand mortgage by lowering the income thresholds will offer an immediate and practical benefit to a group of people who have often found themselves just on the wrong side of affordability criteria.