Gold is 2025’s best performer. UBS sees more upside
LANCASTER, Pa. - Fulton Bank, a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), has announced executive leadership changes with Andy Fiol taking over as the new Chief Banking Officer and JoBeth Mauriello stepping into the role of Head of Consumer & Business Banking, effective June 1, 2025.
Andy Fiol has been with Fulton Bank since June 2018, initially as Director of Consumer & Small Business Channel, Segment and Product, and has been the Head of Consumer & Business Banking since January 2023. Fiol brings over two decades of financial services experience, including executive positions at Capital One and Bank of America.
JoBeth Mauriello, with over 40 years in the financial services industry, has been promoted from her position as Head of Sales and Transformation Initiatives, a role she has held since September 2024. Her tenure at Fulton Bank began in 2007, and she has previously held various leadership roles at Bank of America.
Chairman and CEO Curt Myers expressed confidence in both appointees, highlighting their expected contributions to the company’s strategic priority of accelerating organic growth and enhancing service and operational excellence for customers.
Fulton Bank, headquartered in Lancaster, Pennsylvania, operates as a community bank in the Mid-Atlantic region. It is part of the Fulton Financial Corporation, a holding company with assets exceeding $32 billion. Fulton Bank serves its clientele through over 200 financial centers spread across five states and endeavors to positively impact communities via the Fulton Forward® initiative. InvestingPro data shows the company has maintained dividend payments for 44 consecutive years, with a current dividend yield of 4.2%. The stock is currently trading near its Fair Value, based on comprehensive analysis available in the InvestingPro Research Report, which provides detailed insights into the company’s financial health and market position.
The information for this article is based on a press release statement from Fulton Bank.
In other recent news, Fulton Financial Corporation reported impressive first-quarter earnings for 2025, surpassing analyst expectations. The bank posted adjusted earnings per share of $0.52, exceeding the predicted $0.41, with net income available to common shareholders rising to $90.4 million. Despite a slight decline in net interest income to $251.2 million, the net interest margin remained strong at 3.43%. Additionally, the bank saw a 4.9% annualized increase in customer deposits, excluding brokered deposits, reaching a total of $26.3 billion.
Analysts from Keefe, Bruyette & Woods revised their price target for Fulton Financial to $21.00, down from $24.00, while maintaining a Market Perform rating due to a conservative short-term valuation approach. DA Davidson also retained a Neutral rating with a $20.00 price target, noting the bank’s robust first-quarter performance, including a 3% increase in deposit growth. The company’s strong capital position was further highlighted by an improvement in the common equity tier 1 capital ratio to approximately 11.0%.
Meanwhile, Fulton Financial announced the retirement of board member Steven S. Etter following the 2025 Annual Meeting of Shareholders, with no immediate successor named. Investors are expected to monitor the company’s next steps in filling the board vacancy, as well as its adherence to Corporate Governance Guidelines.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.