Fulton Financial Corporation (NASDAQ:FULT) Q1 2019 Earnings Conference Call Transcript

Apr 17, 2019 • 10:00 am ET

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Fulton Financial Corporation (NASDAQ:FULT) Q1 2019 Earnings Conference Call Transcript

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Presentation
Executive
Mark McCollom

Tax Law changes and three months of actual pretax earnings are driving this refinement. For our net interest margin, we are pleased to start off the year with margin expansion stronger than we had guided. However, the outlook of no future rate increases and the flatter yield curve forecast have caused us to be more tempered in our outlook for the balance of the year. Therefore, we are now expecting our net interest margin to increase 4 to 7 basis points for the full year 2019 versus our full year 2018 net interest margin, which was 3.4%.

With that, we'll now turn the call over to the operator for questions. Joelle, go ahead.