-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UtCJqgl576vfye+P4IhbSm1qhDfG3ayM+adlywZSp8eCYPSvxoEiNAI+zYcvH/FO hARk0pYqkftywLjVguoSqA== 0000950109-96-002201.txt : 19960417 0000950109-96-002201.hdr.sgml : 19960417 ACCESSION NUMBER: 0000950109-96-002201 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960416 ITEM INFORMATION: Other events FILED AS OF DATE: 19960416 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: FULTON FINANCIAL CORP CENTRAL INDEX KEY: 0000700564 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 232195389 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10587 FILM NUMBER: 96547675 BUSINESS ADDRESS: STREET 1: ONE PENN SQ STREET 2: PO BOX 4887 CITY: LANCASTER STATE: PA ZIP: 17604 BUSINESS PHONE: 7172912411 MAIL ADDRESS: STREET 1: ONE PENN SQ STREET 2: PO BOX 4887 CITY: LANCASTER STATE: PA ZIP: 17604 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report - April 16, 1996 FULTON FINANCIAL CORPORATION ------------------------------------------------------------------------ (Exact name of Registrant as specified in its charter) Pennsylvania 0-10587 23-2195389 --------------------------- ---------------- -------------------- (State or other jurisdic- (Commission (IRS Employer tion of incorporation) File Number) Identification No.) One Penn Square, P.O. Box 4887, Lancaster, Pennsylvania 17604 ------------------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 717-291-2411 ------------ Item 5. Other Events. ------------ The attached unaudited financial information is filed pursuant to the requirements of Securities and Exchange Commission Accounting Series Release No. 130. This information reflects the results of operations of Fulton Financial Corporation for the 31 day period following the acquisition of Gloucester County Bankshares, Inc. and should be read in conjunction with the financial statements set forth in the Annual Report on Form 10-K filed by Fulton Financial Corporation for the year ended December 31, 1995.
FULTON FINANCIAL CORPORATION AND SUBSIDIARIES Consolidated Statements of Income (Unaudited) Month ended March 31, 1996 (Dollars in thousands, except per-share data) INTEREST INCOME Loans, including fees............................................... $ 18,497 Investment securities: Taxable......................................................... 3,158 Tax-exempt...................................................... 283 Dividends....................................................... 143 Federal funds sold.................................................. 7 Interest-bearing deposits with other banks.......................... 11 ----------- Total Interest Income.................................... 22,099 - -------------------------------------------------------------------------------- INTEREST EXPENSE Deposits............................................................ 8,722 Short-term borrowings............................................... 495 Long-term debt...................................................... 160 ----------- Total Interest Expense................................... 9,377 ----------- Net Interest Income...................................... 12,722 - -------------------------------------------------------------------------------- PROVISION FOR LOAN LOSSES........................................... 225 ----------- Net Interest Income After Provision For Loan Losses...... 12,497 - -------------------------------------------------------------------------------- OTHER INCOME Trust department.................................................... 601 Service charges on deposit accounts................................. 981 Other service charges and fees...................................... 496 Gain on sale of mortgage loans...................................... 53 Investment securities gains......................................... 293 ----------- 2,424 - -------------------------------------------------------------------------------- OTHER EXPENSES Salaries and employee benefits...................................... 4,462 Net occupancy expense............................................... 841 Equipment expense................................................... 478 FDIC assessment expense............................................. 86 Special services.................................................... 520 Other............................................................... 2,313 ----------- 8,700 ----------- Income Before Income Taxes............................... 6,221 Income taxes........................................................ 1,749 ----------- Net Income............................................... $ 4,472 =========== - -------------------------------------------------------------------------------- PER-SHARE DATA Net income.......................................................... $ .14 Weighted average shares outstanding (Note A)........................ 32,936,341
Note A - Weighted averages shares outstanding reflects the impact of a 10% stock dividend declared on March 19, 1996 and payable on May 31, 1996 to shareholders of record on May 2, 1996. SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, Fulton Financial Corporation has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. FULTON FINANCIAL CORPORATION By: /s/ Charles J. Nugent ------------------------- Charles J. Nugent Executive Vice President and Chief Financial Officer Date: April 16, 1996 -----END PRIVACY-ENHANCED MESSAGE-----