What is the 2026 Repurchase Program and what are its parameters?

The 2026 Repurchase Program authorizes Fulton to repurchase up to $150 million of common stock (excluding fees and ancillary costs) between January 1, 2026 and January 31, 2027. Additionally, up to $25 million of that $150 million may be directed toward preferred stock or subordinated debt. Repurchases may occur via open market purchases, privately negotiated transactions, or accelerated share repurchase agreements.

How much of the $150 million authorization has been used so far?

As of June 30, 2026 (midway through the program year), Fulton had spent $35.6 million, leaving $114.4 million available. This represents a measured pace of capital deployment for share repurchases.

What was the average price paid for the 525,000 shares repurchased in Q2?

The 525,000 shares repurchased in the second quarter of 2026 were purchased at an average price of $21.19 per share, for a total cost of $11.1 million.

What execution mechanisms does Fulton use for these buybacks?

The program permits purchases through open market transactions, privately negotiated deals, and accelerated share repurchase (ASR) agreements. This flexibility allows Fulton to adapt its execution strategy based on market conditions and capital needs.

Why might Fulton be repurchasing shares at a measured pace during 2026?

The corporation completed a major acquisition of Blue Foundry Bancorp in April 2026 and is integrating the $2.1 billion asset acquisition. This integration work, combined with strong capital ratios (Common Equity Tier 1 of 12.1% at quarter-end), suggests Fulton is balancing shareholder returns through buybacks with prudent capital management during a period of active M&A.

What is the impact on share count from these Q2 repurchases?

The 525,000 shares repurchased represent approximately 0.27% of the weighted average diluted share count of 192.997 million shares for Q2 2026. While modest on a quarterly basis, consistent repurchases throughout the year contribute to gradual share-count reduction and earnings-per-share accretion.

FULTP 8-K Filed 2026-07-22 Execution disclosure

Fulton Financial repurchased 525K shares at $21.19 average in Q2 2026

Bank executed 525,000 shares under $150M annual authorization; $35.6M spent YTD

Shares repurchased525K

Avg price paid$21.19

Remaining$114M

MechanismOpen market and privately nego

What the filing says

Fulton Financial Corporation repurchased 525,000 shares of common stock during the second quarter of 2026 at an average price of $21.19 per share, for a total outlay of $11.1 million. This activity occurred under the 2026 Repurchase Program, which authorizes the repurchase of up to $150 million of common stock, excluding fees, commissions, excise tax and other ancillary expenses, commencing January 1, 2026 and expiring January 31, 2027.

As of June 30, 2026, the Corporation had spent $35.6 million under the 2026 authorization, leaving approximately $114.4 million remaining for future repurchases. The authorization permits purchases in open market or privately negotiated transactions, including accelerated share repurchase (ASR) transactions. Up to $25 million of the $150 million authorization may be used to repurchase preferred stock, subordinated notes due 2030, or subordinated notes due 2035. Purchases may be made subject to market conditions and other legal requirements, and the program may be discontinued at any time.

The execution occurred during a period of strong financial performance for Fulton, which reported second-quarter net income available to common shareholders of $99.9 million, or $0.52 per diluted share. The quarter was marked by the successful integration of the Blue Foundry Bancorp acquisition, which was completed on April 1, 2026.

During the second quarter of 2026, 525,000 shares of the Corporation's common stock were repurchased under the 2026 Repurchase Program at a cost of $11.1 million or an average of $21.19 per share. As of June 30, 2026, the Corporation repurchased $35.6 million of common stock under the 2026 Repurchase Program. — FULTON FINANCIAL CORP 8-K filing · View on SEC EDGAR →

What this means

Fulton's Q2 repurchase activity—525,000 shares at $21.19 average—represents modest share-count reduction in the context of its $150 million annual authorization. With $35.6 million deployed through mid-year and $114.4 million remaining, the bank is pacing buyback activity conservatively relative to its authorization ceiling. For perspective, the Q2 repurchase cost of $11.1 million represents less than 1% of the corporation's shareholder equity of $3.8 billion as of June 30, 2026. The program's flexibility—permitting ASR, open-market, and privately negotiated purchases—and its permissive expiration date (January 31, 2027) provide the board discretion to adjust pace based on capital levels, acquisition integration demands (as with Blue Foundry), and market conditions.

Frequently asked questions

What is the 2026 Repurchase Program and what are its parameters?: The 2026 Repurchase Program authorizes Fulton to repurchase up to $150 million of common stock (excluding fees and ancillary costs) between January 1, 2026 and January 31, 2027. Additionally, up to $25 million of that $150 million may be directed toward preferred stock or subordinated debt. Repurchases may occur via open market purchases, privately negotiated transactions, or accelerated share repurchase agreements.
How much of the $150 million authorization has been used so far?: As of June 30, 2026 (midway through the program year), Fulton had spent $35.6 million, leaving $114.4 million available. This represents a measured pace of capital deployment for share repurchases.
What was the average price paid for the 525,000 shares repurchased in Q2?: The 525,000 shares repurchased in the second quarter of 2026 were purchased at an average price of $21.19 per share, for a total cost of $11.1 million.
What execution mechanisms does Fulton use for these buybacks?: The program permits purchases through open market transactions, privately negotiated deals, and accelerated share repurchase (ASR) agreements. This flexibility allows Fulton to adapt its execution strategy based on market conditions and capital needs.
Why might Fulton be repurchasing shares at a measured pace during 2026?: The corporation completed a major acquisition of Blue Foundry Bancorp in April 2026 and is integrating the $2.1 billion asset acquisition. This integration work, combined with strong capital ratios (Common Equity Tier 1 of 12.1% at quarter-end), suggests Fulton is balancing shareholder returns through buybacks with prudent capital management during a period of active M&A.
What is the impact on share count from these Q2 repurchases?: The 525,000 shares repurchased represent approximately 0.27% of the weighted average diluted share count of 192.997 million shares for Q2 2026. While modest on a quarterly basis, consistent repurchases throughout the year contribute to gradual share-count reduction and earnings-per-share accretion.

execution regional-bank open-market asr-eligible mid-year-activity

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.