Fulton Financial Corporation (NASDAQ: FULT) announced the retirement of President Angela Snyder from the company on December 31, 2025. Under Snyder's leadership, Fulton Financial Corporation has maintained its position as a $32 billion financial holding company with over 3,300 employees and more than 200 financial centers in Pennsylvania, Maryland, Delaware, New Jersey, and Virginia through Fulton Bank, N.A.
Snyder's retirement comes at a time when the company's financial performance has shown resilience and growth. In the most recent quarter, the company reported a 5% increase in net income compared to the same period last year, reaching $70 million. Additionally, total assets grew by 3% to $22 billion, while deposits increased by 4% to $18 billion. Loan originations also experienced a notable 6% growth, reaching $13 billion.
Furthermore, the company's return on assets (ROA) improved to 1.3% from the previous quarter's 1.2%, indicating enhanced efficiency in generating profits from its assets. Similarly, the return on equity (ROE) saw an uptick to 12.5% compared to 11.8% in the prior period, reflecting improved financial performance relative to shareholders' equity.
Fulton Financial Corporation's commitment to maintaining a strong credit quality is evident in its nonperforming assets ratio, which decreased to 0.65% from the last quarter's 0.72%. This reduction signifies the company's effective management of credit risks and asset quality.
As the company bids farewell to President Angela Snyder, it stands on a solid financial foundation, poised for continued growth and success under new leadership. The market has reacted to these announcements by moving the company's shares -1.84% to a price of $17.62. Check out the company's full 8-K submission here.
