Fulton Financial Corp. swung to a fourth-quarter profit on a smaller loan-loss provision and a large prior-year writedown.

"Our net interest margin increased nicely due to continued strong core deposit growth and a reduction in the cost of time deposits. Expenses were flat. The stabilization in our asset quality enabled us to maintain the same level of provision from the third to the fourth quarter," said chairman and chief executive R. Scott Smith, Jr.

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