Fulton Financial Corporation (FULT) 10-Year Financial Performance & Capital Metrics

FULT • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutFulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers secured consumer loans, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans. In addition, it provides letters of credit, cash management services, and traditional deposit products; and wealth management services, including investment management, trust, brokerage, insurance, and investment advisory services. Further, the company owns passive investments, as well as trust preferred securities; and sells various life insurance products. It provides its products and services through traditional financial center banking, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. The company operated branches in Pennsylvania, Maryland, Delaware, New Jersey, and Virginia. Fulton Financial Corporation was incorporated in 1882 and is headquartered in Lancaster, Pennsylvania.Show more

Net Interest Income $960M +12.4%
Total Revenue $1.8B +20.0%
Net Income $289M +1.6%
Return on Equity 9.69% -9.0%
Net Interest Margin 2.99% -3.4%
Efficiency Ratio 43.65% -3.5%
ROA 0.97% -7.2%
Equity / Assets 9.97% -0.4%
Book Value per Share 18.04 +9.0%
Tangible BV/Share 14.46 +9.6%
Debt/Equity 0.56 -38.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 43.6% efficiency ratio
✓Healthy dividend yield of 3.7%
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.96%

5Y11.57%

3Y21.77%

TTM-

Profit (Net Income) CAGR

10Y6.22%

5Y4.99%

3Y1.58%

TTM27.03%

EPS CAGR

10Y6.45%

5Y2.47%

3Y-1.04%

TTM-12.66%

ROCE

10Y Avg6.79%

5Y Avg7.01%

3Y Avg7.14%

Latest6.57%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	499.01M	520.2M	575M	630.46M	648.39M	629.21M	663.73M	781.63M	854.29M	960.33M
NII Growth %	-0.03%	0.04%	0.11%	0.1%	0.03%	-0.03%	0.05%	0.18%	0.09%	0.12%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	583.79M	603.1M	668.87M	758.51M	825.31M	742.88M	723.41M	864.84M	1.27B	1.58B
Interest Expense	83.8M	82.33M	93.5M	128.06M	176.92M	113.67M	59.68M	83.2M	418.95M	621.87M
Loan Loss Provision	2.25M	13.18M	23.3M	46.91M	32.83M	76.92M	-14.6M	20.07M	54.04M	48.19M
Non-Interest Income+	181.84M	190.18M	202.88M	195.53M	216.16M	229.39M	273.75M	227.13M	227.68M	218.47M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	765.63M	793.28M	871.74M	954.04M	1.04B	972.27M	997.16M	1.09B	1.5B	1.8B
Revenue Growth %	0%	0.04%	0.1%	0.09%	0.09%	-0.07%	0.03%	0.1%	0.37%	0.2%
Non-Interest Expense	480.16M	489.52M	520.48M	546.1M	567.74M	579.44M	617.83M	641.68M	679.21M	785.97M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	199.42M	208.25M	234.45M	232.97M	263.99M	202.24M	334.25M	347.01M	348.72M	344.63M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.05%	0.04%	0.13%	-0.01%	0.13%	-0.23%	0.65%	0.04%	0%	-0.01%
Pretax Income+	199.42M	208.25M	234.45M	232.97M	263.99M	202.24M	334.25M	347.01M	348.72M	344.63M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	49.92M	46.62M	62.7M	24.58M	37.65M	24.2M	58.75M	60.03M	64.44M	55.89M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	149.5M	161.63M	171.75M	208.39M	226.34M	178.04M	275.5M	286.98M	284.28M	288.74M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.05%	0.08%	0.06%	0.21%	0.09%	-0.21%	0.55%	0.04%	-0.01%	0.02%
Net Income (Continuing)	149.5M	161.63M	171.75M	208.39M	226.34M	178.04M	275.5M	286.98M	284.28M	288.74M
EPS (Diluted)+	0.85	0.93	0.98	1.18	1.39	1.08	1.62	1.67	1.64	1.57
EPS Growth %	0.01%	0.09%	0.05%	0.2%	0.18%	-0.22%	0.5%	0.03%	-0.02%	-0.04%
EPS (Basic)	0.85	0.93	0.98	1.19	1.39	1.08	1.63	1.69	1.66	1.59
Diluted Shares Outstanding	176.77M	174.42M	175.93M	176.54M	167.79M	163.09M	163.31M	165.47M	166.77M	177.22M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	240.32M	239.23M	263.7M	243.79M	517.79M	1.85B	1.64B	668.02M	532.31M	1.06B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	16B	16.87B	17.89B	18.41B	19.26B	21.77B	22B	23.67B	24.37B	28.15B
Investments Growth %	0.06%	0.05%	0.06%	0.03%	0.05%	0.13%	0.01%	0.08%	0.03%	0.16%
Long-Term Investments	13.52B	14.31B	15.34B	16.33B	16.76B	18.71B	18.82B	21.02B	21.97B	25.84B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	530.59M	530.59M	530.6M	530.6M	535.3M	533.4M	534.27M	550.54M	553.35M	553.35M
Intangible Assets	41.91M	38.49M	963K	38.57M	39.27M	3.3M	3.79M	10.29M	7.34M	82.11M
PP&E (Net)	225.53M	217.81M	222.8M	234.53M	240.05M	231.48M	302.79M	225.14M	222.88M	195.53M
Other Assets	662.39M	753.31M	788.11M	894.07M	952.89M	1.17B	803.04M	1.4B	1.41B	1.57B
Total Current Assets	2.94B	3.09B	3.16B	2.69B	3.4B	5.26B	5.16B	3.73B	3.41B	3.84B
Total Non-Current Assets	14.98B	15.85B	16.88B	17.99B	18.49B	20.65B	20.64B	23.21B	24.16B	28.24B
Total Assets+	17.91B	18.94B	20.04B	20.68B	21.9B	25.91B	25.8B	26.93B	27.57B	32.07B
Asset Growth %	0.05%	0.06%	0.06%	0.03%	0.06%	0.18%	-0%	0.04%	0.02%	0.16%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	10.72M	9.63M	9.32M	10.53M	8.83M	10.37M	7M	10.19M	35.08M	31.62M
Total Debt+	1.45B	1.47B	1.66B	1.75B	1.82B	1.93B	1.45B	2.87B	2.49B	1.78B
Net Debt	1.21B	1.23B	1.39B	1.5B	1.3B	78.5M	-183.74M	2.2B	1.96B	722.18M
Long-Term Debt	949.54M	929.4M	1.04B	992.28M	881.77M	1.3B	621.35M	1.79B	1.64B	1.22B
Short-Term Debt	497.66M	541.32M	617.52M	754.78M	939.95M	630.07M	833.53M	1.08B	851.3M	563.83M
Other Liabilities	282.58M	329.92M	344.33M	300.83M	319.4M	514M	48.35M	821.01M	751.54M	931.38M
Total Current Liabilities	14.64B	15.56B	16.42B	17.14B	18.34B	21.48B	22.41B	21.74B	22.42B	26.72B
Total Non-Current Liabilities	1.23B	1.26B	1.38B	1.29B	1.2B	1.81B	669.69M	2.61B	2.39B	2.15B
Total Liabilities	15.87B	16.82B	17.81B	18.43B	19.55B	23.29B	23.08B	24.35B	24.81B	28.87B
Total Equity+	2.04B	2.12B	2.23B	2.25B	2.35B	2.62B	2.71B	2.58B	2.76B	3.2B
Equity Growth %	0.02%	0.04%	0.05%	0.01%	0.04%	0.11%	0.04%	-0.05%	0.07%	0.16%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.08%	0.08%	0.09%	0.1%	0.07%	0.1%	0.11%	0.11%	0.1%
Book Value per Share	11.55	12.16	12.67	12.73	14.00	16.05	16.61	15.59	16.55	18.04
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	547.14M	549.71M	552.23M	554.38M	556.11M	557.92M	559.77M	561.51M	564.4M	614.87M
Additional Paid-in Capital	1.45B	1.47B	1.48B	1.49B	1.5B	1.51B	1.52B	1.54B	1.55B	1.79B
Retained Earnings	641.59M	732.1M	821.62M	946.03M	1.08B	1.12B	1.28B	1.45B	1.62B	1.78B
Accumulated OCI	-22.02M	-38.45M	-32.97M	-59.06M	-137K	65.09M	27.41M	-385.48M	-312.28M	-287.82M
Treasury Stock	-575.51M	-589.84M	-589.41M	-683.48M	-792.87M	-827.96M	-869.63M	-781.75M	-857.02M	-887.43M
Preferred Stock	0	0	0	0	0	192.88M	192.88M	192.88M	192.88M	192.88M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	177.54M	226.07M	287.76M	296.82M	127.71M	157.37M	338.39M	594.79M	362.98M	416.56M
Operating CF Growth %	-0.16%	0.27%	0.27%	0.03%	-0.57%	0.23%	1.15%	0.76%	-0.39%	0.15%
Net Income	149.5M	161.63M	171.75M	208.39M	226.34M	178.04M	275.5M	286.98M	284.28M	288.74M
Depreciation & Amortization	27.85M	27.4M	28.1M	28.16M	29.63M	29.33M	29.39M	31.93M	33M	56.99M
Deferred Taxes	13.42M	11.05M	40.53M	-16.56M	-165K	-21.59M	12.41M	0	0	0
Other Non-Cash Items	7.16M	32.89M	59.54M	100.02M	60.4M	65.63M	38.72M	70.1M	58.86M	-13.11M
Working Capital Changes	-26.33M	-13.45M	-17.37M	-31.15M	-195.9M	-101.57M	-26.03M	191.78M	-25.69M	73.42M
Cash from Investing+	-818.03M	-1.04B	-1.14B	-740.72M	-893.35M	-2.5B	-210.09M	-1.54B	-809.22M	1.63B
Purchase of Investments	-683.84M	-823.43M	-613.85M	-615.68M	-1.16B	-1.15B	-1.77B	-905.77M	-105.81M	-1.97B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	-5.17M	-1.88M	-1.98M	-21.81M	0	1.02B
Other Investing	-743.65M	-869.21M	-1.09B	-466.37M	-726.19M	-2.07B	600.04M	-1.48B	-1.09B	-72.51M
Cash from Financing+	635.9M	832.65M	897.14M	487.49M	837.74M	3.67B	-337.52M	-15.9M	314.02M	-1.53B
Dividends Paid	-65.36M	-69.38M	-80.37M	-89.65M	-92.33M	-90.96M	-112.03M	-116.01M	-115.74M	-131.7M
Share Repurchases	-50M	-18.55M	0	-95.31M	-111.46M	-39.75M	-43.91M	0	-77.06M	-30.35M
Stock Issued	10.61M	16.17M	8.54M	6.74M	6.36M	0	7.44M	7.88M	3.16M	270.58M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K
Other Financing	764.43M	881.51M	784.67M	578.63M	1.02B	3.51B	734.29M	-1.46B	888.09M	479.67M
Net Change in Cash+	-4.58M	21.11M	49.57M	43.59M	72.1M	1.33B	-209.22M	-956.69M	-132.21M	514.16M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	105.7M	331.42M	352.53M	402.1M	445.69M	517.79M	1.85B	1.64B	681.92M	549.71M
Cash at End	101.12M	352.53M	402.1M	445.69M	517.79M	1.85B	1.64B	681.92M	549.71M	1.06B
Interest Paid	91.12M	83.42M	93.82M	126.85M	178.61M	112.14M	63.05M	80.02M	394.05M	658.78M
Income Taxes Paid	13.38M	16.19M	6.54M	13.55M	9.19M	16.19M	27.87M	32.67M	25.32M	29.12M
Free Cash Flow+	149.85M	206.4M	254.67M	256.94M	94M	137.13M	320.71M	573.54M	330.03M	374.11M
FCF Growth %	-0.2%	0.38%	0.23%	0.01%	-0.63%	0.46%	1.34%	0.79%	-0.42%	0.13%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.4%	7.76%	7.89%	9.31%	9.85%	7.17%	10.34%	10.84%	10.65%	9.69%
Return on Assets (ROA)	0.85%	0.88%	0.88%	1.02%	1.06%	0.74%	1.07%	1.09%	1.04%	0.97%
Net Interest Margin	2.79%	2.75%	2.87%	3.05%	2.96%	2.43%	2.57%	2.9%	3.1%	2.99%
Efficiency Ratio	62.71%	61.71%	59.71%	57.24%	54.51%	59.6%	61.96%	58.76%	45.25%	43.65%
Equity / Assets	11.4%	11.2%	11.13%	10.87%	10.73%	10.1%	10.52%	9.58%	10.01%	9.97%
Book Value / Share	11.55	12.16	12.67	12.73	14	16.05	16.61	15.59	16.55	18.04
NII Growth	-2.83%	4.25%	10.53%	9.65%	2.84%	-2.96%	5.49%	17.76%	9.29%	12.41%
Dividend Payout	43.72%	42.93%	46.79%	43.02%	40.79%	51.09%	40.66%	40.42%	40.71%	45.61%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Financial Service, Other	53.78M	71.12M	70.29M	68.69M	75.78M	81.16M	84.98M
Financial Service, Other Growth	-	32.24%	-1.17%	-2.27%	10.32%	7.10%	4.71%
Fiduciary and Trust	52.15M	55.68M	59.06M	71.8M	72.84M	75.54M	84.74M
Fiduciary and Trust Growth	-	6.77%	6.07%	21.57%	1.46%	3.70%	12.18%
Deposit Account	48.89M	49.5M	41.6M	45.54M	49.5M	47.2M	55.5M
Deposit Account Growth	-	1.26%	-15.97%	9.49%	8.68%	-4.64%	17.60%
Service, Other	21.65M	12.03M	13.08M	20.62M	14.84M	14.13M	19.85M
Service, Other Growth	-	-44.43%	8.76%	57.61%	-28.06%	-4.79%	40.50%
Mortgage Banking	19.03M	23.1M	-	-	-	10.39M	13.94M
Mortgage Banking Growth	-	21.41%	-	-	-	-	34.22%

Frequently Asked Questions

Valuation & Price

Fulton Financial Corporation (FULT) has a price-to-earnings (P/E) ratio of 12.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Fulton Financial Corporation (FULT) grew revenue by 20.0% over the past year. This is strong growth.

Yes, Fulton Financial Corporation (FULT) is profitable, generating $361.3M in net income for fiscal year 2024 (16.0% net margin).

Dividend & Returns

Yes, Fulton Financial Corporation (FULT) pays a dividend with a yield of 3.68%. This makes it attractive for income-focused investors.

Fulton Financial Corporation (FULT) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.

Industry Metrics

Fulton Financial Corporation (FULT) has a net interest margin (NIM) of 3.0%. NIM has been under pressure due to interest rate environment.

Fulton Financial Corporation (FULT) has an efficiency ratio of 43.6%. This is excellent, indicating strong cost control.

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