Equity Analysis /
United States of America

US : Fulton Financial Corporation - FULT | 4Q First Look: EPS and PTPPI Beat; Guidance Improves Overall

    Contributors
    Ken Kohut
    Daniel Tamayo
    CGS-CIMB
    20 January 2021
    Published byCGS-CIMB

    EPS and pretax pre-provision income (PTPPI) exceeded expectations in 4Q as NII beat projections, although PPP forgiveness fees drove NIM expansion, while lower fees and expenses roughly offset from consensus projections. However, while guidance for 2021 NII will likely drive forecasts higher, lower