In our last call, I said that during this extended period of slow economic activity, we are focused on managing our assets effectively to generate increased earnings per share and not growing assets by taking undue risk. In the news release, you saw that we increased our return on average assets again this quarter by 6 basis points to 0.97%.I also mentioned the importance of our return on equity last time. This quarter we saw improvement in both our returns on common and tangible common equity. Our capital position remains strong. We intend to deploy that capital profitably for the right opportunities at the right time. However, until we see stronger indications that the economy is rebounding and until those right opportunities present themselves, we will build capital through organically-generated retained earnings and deploy it prudently to support future organic growth and potential future dividend increases.
Fulton Financial's CEO Discusses Q3 2011 Results - Earnings Call Transcript
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