UPDATE 1-Fulton Financial Q2 profit misses Street by a penny
* Q2 EPS $0.14 vs est $0.15
* Non-performing assets rise to 2.06 pct of total assets
* Provisions fall 20 pct
July 20 (Reuters) - U.S. regional bank Fulton Financial Corp (FULT.O) posted a second-quarter profit that missed Wall Street expectations by a penny, as non-performing loans increased.
For the quarter, the lender earned $26.6 million, or 14 cents a share, compared with $8.1 million, or 5 cents a share, a year earlier.
Analysts on average had expected the company to earn 15 cents a share, excluding items, according to Thomson Reuters I/B/E/S.
Non-performing assets stood at $342.6 million, or 2.06 percent of total assets, compared with $292.2 million, or 1.73 percent of total assets, a year-ago.
Provisions for loan losses fell 20 percent to $40 million.
Shares of the Lancaster, Pennsylvania-based company closed at $9.84 Tuesday on Nasdaq. (Reporting by Jochelle Mendonca in Bangalore; Editing by Maju Samuel)
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