Fulton Financial (Fulton Financial) Credit Losses Provision : $40.42 Mil (As of Mar. 2024)

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What is Fulton Financial Credit Losses Provision?

Fulton Financial's credit losses provision for the three months ended in Mar. 2024 was $10.93 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $40.42 Mil.

Fulton Financial's quarterly credit losses provision declined from Sep. 2023 ($9.94 Mil) to Dec. 2023 ($9.81 Mil) but then increased from Dec. 2023 ($9.81 Mil) to Mar. 2024 ($10.93 Mil).

Fulton Financial's annual credit losses provision increased from Dec. 2021 ($-14.60 Mil) to Dec. 2022 ($28.02 Mil) and increased from Dec. 2022 ($28.02 Mil) to Dec. 2023 ($54.04 Mil).

Fulton Financial Credit Losses Provision Historical Data

The historical data trend for Fulton Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fulton Financial Credit Losses Provision Chart

Fulton Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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32.83

76.92

-14.60

28.02

54.04

Fulton Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															24.54	9.75	9.94	9.81	10.93

Fulton Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $40.42 Mil.

Fulton Financial (Fulton Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fulton Financial Corp (NAS:FULTP.PFD) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

FULT:USA FU5:Germany

Address

One Penn Square, P.O Box 4887, Lancaster, PA, USA, 17602

Website

https://www.fultonbank.com

Fulton Financial is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. Its services cover five distinct divisions: consumer banking, commercial banking, mortgage banking, wealth management, and other. The bank derives its revenue from non-interest income, led by its Wealth Management division.