A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
FULTON FINANCIAL CORP
FULT
$4.5B
Mkt Cap
$24.57
+1.28%
FULTON FINANCIAL CORP (FULT) has a current P/E ratio of 11.8, compared to its historical median P/E of 9.6. The stock is currently considered Expensive based on its historical valuation range.
FULTON FINANCIAL CORP (FULT) has a 5-year average return on invested capital (ROIC) of 10.2%. This indicates solid capital allocation.
FULTON FINANCIAL CORP (FULT) has a market capitalization of $4.5B. It is classified as a mid-cap stock.
Yes, FULTON FINANCIAL CORP (FULT) pays a dividend with a trailing twelve-month yield of 3.13%. The company also returns capital through share buybacks, with a buyback yield of 1.47%.
Based on historical P/E analysis, FULTON FINANCIAL CORP (FULT) appears expensive. The current P/E of 11.8 is 22% above its historical median of 9.6. The estimated fair value CAGR (P/E method) is 7.1%.
FULTON FINANCIAL CORP (FULT) operates in the National Commercial Banks industry, within the Financials sector.
FULTON FINANCIAL CORP (FULT) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. Business The Corporation was incorporated under the laws of Pennsylvania on February 8, 1982 and became a bank holding company through the acquisition of all of the outstanding stock of Fulton Bank on June 30, 1982. In 2000, we became a financial holding company as defined in the GLBA, which gave us the ability to expand our financial services activities under our holding company structure. See "Item 1. Business - Competition and - Supervision and Regulation." We directly own 100% of the common stock of Fulton Bank and five non-bank entities. On November 24, 2025, the Corporation entered into the Merger Agreement with Blue Foundry. Under the terms of the Merger Agreement, Blue Foundry will merge with and into the Corporation, with the Corporation continuing as the surviving corporation. The combined company will operate under the Corporation's name and will trade under the ticker symbol "FULT.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.9B | 1.9B | 1.5B | 1.1B | 997M |
| Net Income | 381M | 381M | 278M | 274M | 277M | 265M |
| EPS | $2.08 | $2.08 | $1.57 | $1.64 | $1.67 | $1.62 |
| Free Cash Flow | 284M | 284M | 374M | 330M | 574M | 321M |
| ROIC | 19.8% | 11.3% | 9.2% | 10.2% | 10.4% | 9.8% |
| Gross Margin | 70.9% | 70.9% | 68.1% | 68.5% | 89.8% | 92.6% |
| Debt/Equity | -0.13 | -0.13 | -0.60 | -0.13 | 0.63 | 0.16 |
| Dividends/Share | $0.77 | $0.73 | $0.69 | $0.64 | $0.66 | $0.64 |
| Operating Income | 486M | 486M | 345M | 349M | 347M | 334M |
| Operating Margin | 25.6% | 25.6% | 18.5% | 23.2% | 31.8% | 33.5% |
| ROE | 10.9% | 11.4% | 9.3% | 10.3% | 10.5% | 10.0% |
| Shares Outstanding | 183M | 183M | 177M | 167M | 166M | 164M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 763M | 766M | 793M | 877M | 954M | 1.0B | 972M | 997M | 1.1B | 1.5B | 1.9B | 1.9B | 1.9B |
| Gross Margin | 87.7% | 88.8% | 88.0% | 86.7% | 81.7% | 79.9% | 80.4% | 92.6% | 89.8% | 68.5% | 68.1% | 70.9% | 70.9% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 251M | 261M | 283M | 290M | 303M | 312M | 324M | 329M | 357M | 377M | 433M | 444M | 444M |
| EBIT | 14M | 16M | 20M | 26M | 208M | 264M | 202M | 334M | 347M | 349M | 345M | 486M | 486M |
| Op. Margin | 1.9% | 2.1% | 2.5% | 2.9% | 21.8% | 25.3% | 20.8% | 33.5% | 31.8% | 23.2% | 18.5% | 25.6% | 25.6% |
| Net Income | 158M | 150M | 162M | 172M | 208M | 226M | 176M | 265M | 277M | 274M | 278M | 381M | 381M |
| Net Margin | 20.7% | 19.5% | 20.4% | 19.6% | 21.8% | 21.7% | 18.1% | 26.6% | 25.3% | 18.3% | 15.0% | 20.1% | 20.1% |
| Non-Recurring | -337K | -582K | -617K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30K | -1.4M | -1.4M |
| Returns on Capital | |||||||||||||
| ROIC | 7.6% | 7.2% | 7.6% | 7.8% | 9.2% | 9.7% | 7.0% | 9.8% | 10.4% | 10.2% | 9.2% | 11.3% | 19.8% |
| ROE | 7.8% | 7.4% | 7.8% | 7.9% | 9.3% | 9.9% | 7.1% | 10.0% | 10.5% | 10.3% | 9.3% | 11.4% | 10.9% |
| ROA | 0.9% | 0.9% | 0.9% | 0.9% | 1.0% | 1.1% | 0.7% | 1.0% | 1.0% | 1.0% | 0.9% | 1.2% | 1.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 211M | 178M | 226M | 288M | 297M | 128M | 157M | 338M | 595M | 363M | 417M | 304M | 304M |
| Free Cash Flow | 186M | 150M | 206M | 255M | 257M | 94M | 137M | 321M | 574M | 330M | 374M | 284M | 284M |
| Owner Earnings | 180M | 144M | 192M | 254M | 261M | 92M | 121M | 303M | 552M | 326M | 372M | 270M | 270M |
| CapEx | 25M | 27M | 20M | 33M | 40M | 34M | 20M | 18M | 21M | 33M | 42M | 20M | 20M |
| Maint. CapEx | 25M | 28M | 27M | 28M | 28M | 28M | 29M | 29M | 30M | 30M | 39M | 28M | 28M |
| Growth CapEx | 6K | 0 | 0 | 5.0M | 12M | 5.5M | 0 | 0 | 0 | 2.9M | 3.3M | 0 | 0 |
| D&A | 25M | 28M | 27M | 28M | 28M | 28M | 29M | 29M | 30M | 30M | 39M | 28M | 28M |
| CapEx/OCF | 11.7% | 15.3% | 10.6% | 11.5% | 13.4% | 26.4% | 12.9% | 5.2% | 3.6% | 9.1% | 10.2% | 6.6% | 6.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 64M | 65M | 69M | 80M | 90M | 92M | 91M | 112M | 116M | 116M | 132M | 141M | 141M |
| Dividend Yield | 4.3% | 4.4% | 4.0% | 3.5% | 4.0% | 4.4% | 5.9% | 5.2% | 4.9% | 5.6% | 4.5% | 4.3% | 3.1% |
| Share Buybacks | 175M | 50M | 19M | 0 | 95M | 111M | 40M | 44M | 0 | 77M | 30M | 66M | 66M |
| Buyback Yield | 12.2% | 3.2% | 0.8% | N/A | 4.7% | 4.9% | 2.4% | 1.9% | N/A | 3.0% | 0.9% | 1.8% | 1.5% |
| Stock-Based Comp | 5.9M | 5.9M | 6.6M | 5.2M | 8.0M | 7.4M | 7.5M | 6.4M | 12M | 7.0M | 5.7M | 6.4M | 6.4M |
| Debt Repayment | 6.6M | 540M | 237M | 115M | 100M | 596M | 85M | 711M | 1.6B | 379M | 2.0B | 485M | 485M |
| Balance Sheet | |||||||||||||
| Net Debt | -2.0B | -2.3B | -2.3B | -2.3B | -1.7B | -2.1B | -4.2B | -4.4B | -1.7B | -3.3B | -6.4B | -4.9B | -1.5B |
| Cash & Equiv. | 106M | 331M | 353M | 402M | 446M | 518M | 1.8B | 1.6B | 682M | 550M | 1.1B | 1.1B | 1.1B |
| Long-Term Debt | 44M | 43M | 37M | 33M | 32M | 31M | 38M | 29M | 6.8M | 28M | 39M | 23M | 23M |
| Debt/Equity | 0.19 | 0.26 | 0.27 | 0.29 | 0.35 | 0.39 | 0.26 | 0.16 | 0.63 | -0.13 | -0.60 | -0.13 | -0.13 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.9 |
| Equity | 2.0B | 2.0B | 2.1B | 2.2B | 2.2B | 2.3B | 2.6B | 2.7B | 2.6B | 2.8B | 3.2B | 3.5B | 3.5B |
| Total Assets | 17.1B | 17.9B | 18.9B | 20.0B | 20.7B | 21.9B | 25.9B | 25.8B | 26.9B | 27.6B | 32.1B | 32.1B | 32.1B |
| Total Liabilities | 15.1B | 15.9B | 16.8B | 17.8B | 18.4B | 19.5B | 23.3B | 23.1B | 24.4B | 24.8B | 28.9B | 28.6B | 28.6B |
| Intangibles | 1.2M | 963K | 963K | 0 | 0 | 0 | 3.3M | 3.8M | 10M | 7.3M | 82M | 60M | 60M |
| Retained Earnings | 559M | 642M | 732M | 822M | 946M | 1.1B | 1.1B | 1.3B | 1.5B | 1.6B | 1.8B | 2.0B | 2.0B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.84 | 0.85 | 0.93 | 0.98 | 1.18 | 1.35 | 1.08 | 1.62 | 1.67 | 1.64 | 1.57 | 2.08 | 2.08 |
| Owner EPS | 0.96 | 0.82 | 1.11 | 1.45 | 1.48 | 0.55 | 0.74 | 1.85 | 3.33 | 1.95 | 2.10 | 1.47 | 1.47 |
| Book Value | 10.62 | 11.61 | 12.21 | 12.72 | 12.73 | 13.97 | 16.07 | 16.57 | 15.57 | 16.52 | 18.02 | 19.04 | 19.04 |
| Cash Flow/Share | 1.12 | 1.01 | 1.30 | 1.64 | 1.68 | 0.76 | 0.97 | 2.07 | 3.59 | 2.17 | 2.35 | 1.66 | 2.23 |
| Dividends/Share | 0.34 | 0.38 | 0.41 | 0.47 | 0.52 | 0.56 | 0.56 | 0.64 | 0.66 | 0.64 | 0.69 | 0.73 | 0.77 |
| Shares Out. | 188.0M | 175.9M | 173.8M | 175.3M | 176.6M | 167.7M | 162.9M | 163.7M | 165.7M | 167.1M | 177.4M | 183.3M | 183.3M |
| Valuation | |||||||||||||
| P/E Ratio | 9.8 | 10.7 | 14.4 | 13.3 | 9.7 | 10.0 | 9.6 | 8.9 | 8.8 | 9.4 | 11.9 | 9.6 | 11.8 |
| P/FCF | 8.3 | 10.6 | 11.3 | 9.0 | 7.9 | 24.0 | 12.3 | 7.4 | 4.2 | 7.8 | 8.9 | 12.8 | 15.8 |
| EV/EBIT | 107.5 | 114.5 | 131.9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.1 |
| Price/Book | 0.7 | 0.8 | 1.1 | 1.0 | 0.9 | 1.0 | 0.6 | 0.9 | 0.9 | 0.9 | 1.0 | 1.0 | 1.3 |
| Price/Sales | 2.0 | 2.2 | 2.4 | 2.8 | 2.7 | 2.4 | 1.8 | 2.3 | 2.4 | 1.9 | 2.3 | 2.5 | 2.4 |
| FCF Yield | 13.0% | 9.5% | 8.8% | 11.5% | 12.7% | 4.2% | 8.1% | 13.5% | 23.6% | 12.8% | 11.3% | 7.8% | 6.3% |
| Market Cap | 1.4B | 1.6B | 2.4B | 2.2B | 2.0B | 2.3B | 1.7B | 2.4B | 2.4B | 2.6B | 3.3B | 3.6B | 4.5B |
| Avg. Price | 7.88 | 8.54 | 9.91 | 13.02 | 12.72 | 12.49 | 9.43 | 13.24 | 14.38 | 12.44 | 16.36 | 18.01 | 24.57 |
| Year-End Price | 8.26 | 9.10 | 13.41 | 13.03 | 11.42 | 13.44 | 10.38 | 14.46 | 14.69 | 15.49 | 18.72 | 19.88 | 24.57 |
FULTON FINANCIAL CORP passes 6 of 9 quality checks, suggesting mixed fundamentals.
FULTON FINANCIAL CORP trades at 11.8x trailing earnings, compared to its 15-year median P/E of 9.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 15.6x vs a median of 8.9x. The company's 5-year average ROIC is 10.2% with a gross margin of 78.0%. Total shareholder yield (dividends + buybacks) is 4.6%. At current prices, the estimated annualized return to fair value is +15.2%.
FULTON FINANCIAL CORP (FULT) has a net profit margin of 20.1%. This is a strong margin indicating high profitability.
FULTON FINANCIAL CORP (FULT) generated $284 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FULTON FINANCIAL CORP (FULT) reported earnings per share (EPS) of $2.08 in its most recent fiscal year.
FULTON FINANCIAL CORP (FULT) has a return on equity (ROE) of 11.4%. This indicates moderate shareholder returns.
FULTON FINANCIAL CORP (FULT) has a 5-year average gross margin of 78.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for FULTON FINANCIAL CORP (FULT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FULTON FINANCIAL CORP (FULT) has a book value per share of $19.04, based on its most recent annual SEC filing.
No recent press releases.