0001043039-13-000023.txt : 20130619 0001043039-13-000023.hdr.sgml : 20130619 20130619150049 ACCESSION NUMBER: 0001043039-13-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130619 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130619 DATE AS OF CHANGE: 20130619 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FULTON FINANCIAL CORP CENTRAL INDEX KEY: 0000700564 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] 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: 13921693 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 ffc8k.htm 8-K ffc8k.htm

UNITED STATES
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:
June 19, 2013
 
(Date of earliest event reported):
June 18, 2013
 
 
FULTON FINANCIAL CORPORATION
(Exact name of Registrant as specified in its Charter)

Pennsylvania
0-10587
23-2195389
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification Number)

 
P.O. Box 4887, One Penn Square
Lancaster, Pennsylvania
17604
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code:   717-291-2411
Former name or former address, if changed since last Report: N/A
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
[ ]
Written communications pursuant to Rule 425 under the Securities Act
[ ]  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ] 
Pre-commencement to communications pursuant to Rule 13e-4(c) under the Exchange Act
 
 
 

 
Item 7.01 - Regulation FD Disclosure.
 
 On June 18, 2013, Fulton Financial Corporation ("Fulton") announced that its Board of Directors has approved the extension of, through September 30, 2013, its previously announced share repurchase program.  Fulton’s Board of Directors originally approved the current share repurchase program in January 2013.  Under the program, Fulton was authorized to repurchase of up to eight million shares, or approximately 4.0% of the company's then outstanding shares, through June 30, 2013.
 
The June 18, 2013 press release announcing the extension of the share repurchase program is attached hereto as Exhibit 99.1 and incorporated herein by reference.
 
The attached exhibit is being furnished to the SEC and shall not be deemed to be "filed" for any purpose.
 
Item 9.01 - Financial Statements and Exhibits.

(d) Exhibits
 
Exhibit No.
Description
99.1
Fulton June 18, 2013 Press Release

 
2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

Date:  June 19, 2013
Fulton Financial Corporation
 
 
By:       /s/ Charles J. Nugent              
Charles J. Nugent
Senior Executive Vice President and Chief Financial Officer
 
   



 
 
 
 
 
 
 
 
 
 
 
 
 
 
3
 
 
 
 
EX-99.1 2 exhibit.htm PRESS RELEASE exhibit.htm

Fulton Financial
Corporation



For Immediate Release                                                         Contact:  Laura J. Wakeley
Phone:     717-291-2616


Fulton Financial extends timeframe for stock repurchase program

(June 18, 2013) -- LANCASTER, PA. - Fulton Financial Corporation (Nasdaq: FULT) today announced that its board of directors has extended the timeframe for its current stock repurchase program announced in January 2013.

When the current program was announced, the Corporation planned to repurchase up to eight million shares of its own stock through June 30, 2013.  To date, the company has repurchased 6,420,936 of these shares, leaving 1,579,064 still available for repurchase.  Today’s action by the board of directors extends the current program through September 30, 2013.

The Corporation currently has approximately 193.6 million shares of stock outstanding.  As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases may be made from time to time in the open market at prevailing prices. The repurchase program may be discontinued at any time.

Fulton Financial Corporation, a $16.7 billion financial holding company, is based in Lancaster, PA.  Fulton has more than 3,800 employees and operates nearly 270 banking offices in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through the following subsidiary banks:  Fulton Bank, N.A., Lancaster, PA; Swineford National Bank, Middleburg, PA; Lafayette Ambassador Bank, Easton, PA; FNB Bank, N.A., Danville, PA; Fulton Bank of New Jersey, Mt. Laurel, NJ; and The Columbia Bank, Columbia, MD.

Safe Harbor Statement
This news release may contain forward-looking statements with respect to the Corporation’s financial condition, results of operations and business. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends" and similar expressions which are intended to identify forward-looking statements.          
These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, some of which are beyond the Corporation's control and ability to predict, that could cause actual results to differ materially from those expressed in the forward-looking statements. The Corporation undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Many factors could affect future financial results including, without limitation: 

·  
the impact of adverse changes in the economy and real estate markets, including protracted periods of low-growth and sluggish loan demand;
·  
the effect of market interest rates, particularly a continuing period of low market interest rates, and relative balances of rate-sensitive assets to rate-sensitive liabilities, on net interest margin and net interest income;
·  
the effect of competition on rates of deposit and loan growth and net interest margin;
·  
increases in non-performing assets, which may require the Corporation to increase the allowance for credit losses, charge-off loans and incur elevated collection and carrying costs related to such non-performing assets;
·  
non-interest income growth, including the impact of potential regulatory changes;
·  
investment securities gains and losses, including other-than-temporary declines in the value of securities which may result in charges to earnings;
·  
the level of non-interest expenses, including salaries and employee benefits expenses, operating risk losses, amortization of intangible assets and goodwill impairment;
·  
the impact of increased regulatory scrutiny of the banking industry;
·  
the increasing time and expense associated with regulatory compliance and risk management;
·  
the uncertainty and lack of clear regulatory guidance associated with the delay in implementing many of the regulations mandated by the Dodd-Frank Act;
·  
capital and liquidity strategies, including the expected impact of the capital and liquidity requirements proposed by the Basel III standards;
·  
operational risk, i.e. the risk of loss resulting from human error, inadequate or failed internal processes and systems, outsourcing arrangements, compliance and legal risk and external events; and
·  
acquisition and growth strategies, including the impact of a less robust merger and acquisition environment in the banking industry and increased regulatory scrutiny.

For a more complete discussion of certain risks and uncertainties affecting the Corporation, please see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” set forth in the Corporation’s filings with the Securities and Exchange Commission.

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