The occurrence and characteristics of ULF events (f ≈ 10–100 mHz) detected during the night at low latitude (L'Aquila, Italy, λ ≈ 36.3°), during quiet and moderately perturbed magnetospheric conditions, have been examined by means of a long‐term analysis between 1996 and 2012. Clearly defined events (≈8000 on each component) are typically more energetic in H than in D and basically consist of penetrating upstream waves, resonances of local field lines, and Pi2 waves. The global event occurrence shows a strong asymmetry about midnight, with a much higher wave activity before dawn than after dusk: it mostly comes from the intense penetration of upstream waves through the dawn flank of the magnetopause. D events are more frequent in summer and H events more frequent in winter, suggesting a different influence of the ionospheric modification of the downgoing signals. Between f ≈ 30 and 45 mHz, the reversal of the dominant polarization across midnight reveals tailward propagation of penetrating waves. Below f ≈ 25 mHz, intermingled with continuous Pc3 and Pc4 waves, a large fraction of events exhibit Pi2 characteristics: the dominant left‐handed polarization and the switch of the tilt angle of the major axis of the polarization ellipses are consistent with the pattern expected for waves related to the substorm current wedge. A relevant percentage of the power spectra shows a second enhancement above f ≈ 55 mHz, revealing resonance of local field lines also during the night.