Fulton Financial Corporation Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Tax Rate Guidance for 2015
For the full year, the company reported net interest income of $514.87 million compared to $527.19 million a year ago. Income before income taxes was $210.50 million compared to $212.93 million a year ago. Net income was $157.89 million or $0.84 per diluted share compared to $161.84 million or $0.83 per basic and diluted share a year ago. Return on average assets was 0.93% compared to 0.96% a year ago. Return on average shareholders' equity was 7.62% compared to 7.88% a year ago. Return on average shareholders' tangible equity was 10.31% compared to 10.76% a year ago.
The company expected that its effective tax rate will remain at approximately 25% during 2015.