Annual Income Statements for Fulton Financial
This table shows Fulton Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Fulton Financial
This table shows Fulton Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
68 |
79 |
66 |
77 |
70 |
62 |
59 |
92 |
61 |
66 |
Consolidated Net Income / (Loss) |
|
71 |
82 |
68 |
80 |
72 |
64 |
62 |
95 |
63 |
69 |
Net Income / (Loss) Continuing Operations |
|
71 |
82 |
68 |
80 |
72 |
64 |
62 |
95 |
63 |
69 |
Total Pre-Tax Income |
|
86 |
97 |
83 |
96 |
89 |
81 |
76 |
103 |
80 |
86 |
Total Revenue |
|
275 |
280 |
267 |
273 |
270 |
271 |
264 |
335 |
318 |
320 |
Net Interest Income / (Expense) |
|
216 |
226 |
216 |
213 |
214 |
212 |
207 |
242 |
258 |
254 |
Total Interest Income |
|
234 |
268 |
290 |
315 |
330 |
338 |
340 |
401 |
428 |
414 |
Loans and Leases Interest Income |
|
205 |
239 |
261 |
285 |
302 |
309 |
311 |
353 |
373 |
358 |
Investment Securities Interest Income |
|
26 |
26 |
26 |
25 |
25 |
25 |
25 |
32 |
36 |
43 |
Other Interest Income |
|
2.30 |
2.92 |
3.65 |
4.86 |
3.37 |
3.46 |
3.33 |
16 |
18 |
13 |
Total Interest Expense |
|
18 |
42 |
74 |
102 |
117 |
126 |
133 |
159 |
170 |
161 |
Deposits Interest Expense |
|
10 |
22 |
42 |
70 |
84 |
97 |
104 |
131 |
145 |
142 |
Long-Term Debt Interest Expense |
|
6.90 |
18 |
21 |
17 |
16 |
43 |
16 |
15 |
14 |
52 |
Federal Funds Purchased and Securities Sold Interest Expense |
|
0.55 |
2.41 |
6.04 |
9.11 |
8.95 |
6.32 |
2.39 |
0.49 |
0.00 |
0.00 |
Total Non-Interest Income |
|
59 |
54 |
52 |
61 |
56 |
59 |
57 |
93 |
60 |
66 |
Other Non-Interest Income |
|
59 |
- |
52 |
- |
56 |
- |
57 |
113 |
60 |
66 |
Provision for Credit Losses |
|
19 |
15 |
25 |
9.75 |
9.94 |
9.81 |
11 |
32 |
12 |
17 |
Total Non-Interest Expense |
|
170 |
168 |
160 |
168 |
171 |
181 |
178 |
199 |
226 |
217 |
Salaries and Employee Benefits |
|
94 |
93 |
89 |
94 |
97 |
97 |
95 |
111 |
119 |
108 |
Net Occupancy & Equipment Expense |
|
33 |
33 |
34 |
35 |
35 |
36 |
38 |
43 |
44 |
40 |
Marketing Expense |
|
1.86 |
2.38 |
1.89 |
1.66 |
1.91 |
3.55 |
1.91 |
2.10 |
2.25 |
2.69 |
Property & Liability Insurance Claims |
|
3.16 |
3.22 |
4.80 |
4.90 |
4.74 |
11 |
6.10 |
6.70 |
5.11 |
5.92 |
Other Operating Expenses |
|
29 |
34 |
29 |
32 |
32 |
32 |
36 |
20 |
35 |
43 |
Amortization Expense |
|
0.69 |
0.69 |
0.67 |
1.07 |
0.60 |
0.60 |
0.57 |
4.69 |
6.29 |
6.28 |
Restructuring Charge |
|
7.01 |
1.89 |
0.00 |
0.00 |
0.00 |
- |
0.00 |
14 |
14 |
9.64 |
Income Tax Expense |
|
15 |
15 |
15 |
16 |
17 |
17 |
14 |
8.20 |
16 |
18 |
Preferred Stock Dividends Declared |
|
2.56 |
2.56 |
2.56 |
2.56 |
2.56 |
2.56 |
2.56 |
2.56 |
2.56 |
2.56 |
Basic Earnings per Share |
|
$0.41 |
$0.48 |
$0.39 |
$0.46 |
$0.42 |
$0.39 |
$0.36 |
$0.53 |
$0.33 |
$0.37 |
Weighted Average Basic Shares Outstanding |
|
167.49M |
166.96M |
165.49M |
164.19M |
- |
162.02M |
181.76M |
181.91M |
182.03M |
182.20M |
Diluted Earnings per Share |
|
$0.40 |
$0.47 |
$0.39 |
$0.46 |
$0.42 |
$0.37 |
$0.36 |
$0.52 |
$0.33 |
$0.36 |
Weighted Average Diluted Shares Outstanding |
|
167.49M |
166.96M |
165.49M |
164.19M |
- |
162.02M |
181.76M |
181.91M |
182.03M |
182.20M |
Weighted Average Basic & Diluted Shares Outstanding |
|
167.49M |
166.96M |
165.49M |
164.19M |
- |
162.02M |
181.76M |
181.91M |
182.03M |
182.20M |
Cash Dividends to Common per Share |
|
$0.15 |
$0.21 |
$0.15 |
$0.16 |
$0.16 |
$0.17 |
$0.17 |
$0.17 |
$0.17 |
$0.18 |
Annual Cash Flow Statements for Fulton Financial
This table details how cash moves in and out of Fulton Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-4.58 |
21 |
50 |
44 |
72 |
1,330 |
-209 |
-957 |
-132 |
514 |
Net Cash From Operating Activities |
|
178 |
226 |
288 |
297 |
128 |
157 |
338 |
595 |
363 |
417 |
Net Cash From Continuing Operating Activities |
|
178 |
226 |
288 |
297 |
128 |
157 |
338 |
595 |
363 |
417 |
Net Income / (Loss) Continuing Operations |
|
150 |
162 |
172 |
208 |
226 |
178 |
275 |
287 |
284 |
289 |
Consolidated Net Income / (Loss) |
|
150 |
162 |
172 |
208 |
226 |
178 |
275 |
287 |
284 |
289 |
Provision For Loan Losses |
|
2.25 |
13 |
23 |
47 |
33 |
77 |
-15 |
28 |
54 |
72 |
Depreciation Expense |
|
28 |
27 |
28 |
28 |
28 |
29 |
29 |
30 |
30 |
39 |
Amortization Expense |
|
8.16 |
35 |
48 |
49 |
44 |
14 |
18 |
15 |
15 |
19 |
Non-Cash Adjustments to Reconcile Net Income |
|
16 |
2.29 |
34 |
-4.20 |
-8.21 |
-65 |
-38 |
-53 |
-22 |
-96 |
Changes in Operating Assets and Liabilities, net |
|
-26 |
-13 |
-17 |
-31 |
-196 |
-75 |
68 |
287 |
1.97 |
93 |
Net Cash From Investing Activities |
|
-818 |
-1,038 |
-1,135 |
-741 |
-893 |
-2,499 |
-210 |
-1,536 |
-809 |
1,629 |
Net Cash From Continuing Investing Activities |
|
-818 |
-1,038 |
-1,135 |
-741 |
-893 |
-2,499 |
-210 |
-1,536 |
-809 |
1,629 |
Purchase of Investment Securities |
|
-1,455 |
-1,717 |
-1,738 |
-1,122 |
-1,922 |
-3,239 |
-1,194 |
-2,429 |
-1,234 |
-1,116 |
Sale and/or Maturity of Investments |
|
637 |
679 |
602 |
381 |
1,029 |
740 |
984 |
893 |
425 |
2,694 |
Other Investing Activities, net |
|
- |
- |
- |
- |
- |
- |
- |
0.00 |
0.00 |
51 |
Net Cash From Financing Activities |
|
636 |
833 |
897 |
487 |
838 |
3,672 |
-338 |
-16 |
314 |
-1,532 |
Net Cash From Continuing Financing Activities |
|
636 |
833 |
897 |
487 |
838 |
3,672 |
-338 |
-16 |
314 |
-1,532 |
Net Change in Deposits |
|
765 |
881 |
785 |
579 |
1,018 |
3,445 |
734 |
-1,456 |
888 |
480 |
Issuance of Debt |
|
516 |
260 |
299 |
187 |
613 |
375 |
-213 |
1,630 |
-379 |
-1,951 |
Issuance of Common Equity |
|
11 |
16 |
8.54 |
6.74 |
6.36 |
7.38 |
7.44 |
7.88 |
3.16 |
271 |
Repayment of Debt |
|
-540 |
-237 |
-115 |
-100 |
-596 |
-218 |
-711 |
-81 |
-5.00 |
-169 |
Repurchase of Common Equity |
|
-50 |
-19 |
0.00 |
-95 |
-111 |
-40 |
-44 |
0.00 |
-77 |
-30 |
Payment of Dividends |
|
-65 |
-69 |
-80 |
-90 |
-92 |
-91 |
-112 |
-116 |
-116 |
-132 |
Cash Interest Paid |
|
91 |
83 |
94 |
127 |
179 |
112 |
63 |
80 |
394 |
659 |
Cash Income Taxes Paid |
|
13 |
16 |
6.54 |
14 |
9.19 |
16 |
28 |
33 |
25 |
29 |
Quarterly Cash Flow Statements for Fulton Financial
This table details how cash moves in and out of Fulton Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
79 |
153 |
-115 |
-62 |
-84 |
129 |
-192 |
1,039 |
44 |
-377 |
Net Cash From Operating Activities |
|
532 |
78 |
46 |
171 |
203 |
-57 |
153 |
168 |
-32 |
128 |
Net Cash From Continuing Operating Activities |
|
532 |
78 |
46 |
171 |
203 |
-57 |
153 |
168 |
-32 |
128 |
Net Income / (Loss) Continuing Operations |
|
71 |
82 |
68 |
80 |
72 |
64 |
62 |
95 |
63 |
69 |
Consolidated Net Income / (Loss) |
|
71 |
82 |
68 |
80 |
72 |
64 |
62 |
95 |
63 |
69 |
Provision For Loan Losses |
|
19 |
15 |
25 |
9.75 |
9.94 |
9.81 |
11 |
32 |
12 |
17 |
Depreciation Expense |
|
7.66 |
7.57 |
7.32 |
7.36 |
7.54 |
7.84 |
7.80 |
7.88 |
7.12 |
16 |
Amortization Expense |
|
3.66 |
3.86 |
3.84 |
4.10 |
3.60 |
3.39 |
1.33 |
5.11 |
6.37 |
6.50 |
Non-Cash Adjustments to Reconcile Net Income |
|
-55 |
5.51 |
-0.29 |
-23 |
-5.19 |
6.52 |
5.12 |
-67 |
-13 |
-21 |
Changes in Operating Assets and Liabilities, net |
|
485 |
-35 |
-58 |
93 |
115 |
-149 |
66 |
95 |
-108 |
40 |
Net Cash From Investing Activities |
|
-256 |
-610 |
-338 |
-366 |
-94 |
-11 |
-300 |
2,485 |
-357 |
-198 |
Net Cash From Continuing Investing Activities |
|
-256 |
-610 |
-338 |
-366 |
-94 |
-11 |
-300 |
2,485 |
-357 |
-198 |
Purchase of Investment Securities |
|
-630 |
-667 |
-462 |
-408 |
-134 |
-230 |
-327 |
52 |
-484 |
-356 |
Sale and/or Maturity of Investments |
|
344 |
57 |
124 |
42 |
39 |
220 |
27 |
2,382 |
127 |
158 |
Net Cash From Financing Activities |
|
-197 |
685 |
177 |
133 |
-193 |
197 |
-45 |
-1,614 |
434 |
-306 |
Net Cash From Continuing Financing Activities |
|
-197 |
685 |
177 |
133 |
-193 |
197 |
-45 |
-1,614 |
434 |
-306 |
Net Change in Deposits |
|
-299 |
-727 |
667 |
-110 |
215 |
116 |
204 |
-295 |
592 |
-23 |
Issuance of Debt |
|
144 |
1,446 |
-425 |
272 |
-349 |
122 |
- |
- |
-127 |
-79 |
Issuance of Common Equity |
|
2.09 |
3.08 |
2.60 |
-1.59 |
1.48 |
0.67 |
1.00 |
269 |
0.41 |
-0.02 |
Payment of Dividends |
|
-27 |
-38 |
-28 |
-27 |
-30 |
-30 |
-29 |
-35 |
-32 |
-36 |
Cash Interest Paid |
|
18 |
37 |
73 |
90 |
114 |
118 |
141 |
136 |
182 |
199 |
Cash Income Taxes Paid |
|
6.72 |
10 |
7.31 |
7.88 |
8.23 |
1.90 |
6.76 |
13 |
1.43 |
8.38 |
Annual Balance Sheets for Fulton Financial
This table presents Fulton Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
17,915 |
18,944 |
20,037 |
20,682 |
21,886 |
25,907 |
25,796 |
26,932 |
27,572 |
32,072 |
Cash and Due from Banks |
|
101 |
119 |
108 |
103 |
132 |
120 |
172 |
127 |
300 |
279 |
Interest Bearing Deposits at Other Banks |
|
230 |
234 |
294 |
342 |
386 |
1,727 |
1,466 |
555 |
249 |
785 |
Trading Account Securities |
|
2,485 |
2,559 |
2,548 |
2,714 |
2,905 |
3,424 |
4,204 |
3,975 |
3,681 |
4,832 |
Loans and Leases, Net of Allowance |
|
13,670 |
14,531 |
15,598 |
16,005 |
16,674 |
18,623 |
18,076 |
20,010 |
-293 |
-379 |
Allowance for Loan and Lease Losses |
|
169 |
169 |
170 |
161 |
164 |
278 |
249 |
269 |
293 |
379 |
Premises and Equipment, Net |
|
226 |
218 |
223 |
235 |
240 |
231 |
220 |
225 |
223 |
196 |
Intangible Assets |
|
532 |
532 |
532 |
532 |
535 |
537 |
538 |
561 |
561 |
635 |
Other Assets |
|
655 |
724 |
703 |
751 |
1,014 |
1,243 |
1,119 |
1,478 |
22,851 |
25,724 |
Total Liabilities & Shareholders' Equity |
|
17,915 |
18,944 |
20,037 |
20,682 |
21,886 |
25,907 |
25,796 |
26,932 |
27,572 |
32,072 |
Total Liabilities |
|
15,873 |
16,823 |
17,807 |
18,435 |
19,544 |
23,290 |
23,084 |
24,352 |
24,812 |
28,874 |
Non-Interest Bearing Deposits |
|
3,948 |
4,376 |
4,437 |
4,310 |
4,453 |
6,531 |
7,371 |
7,006 |
5,314 |
5,500 |
Interest Bearing Deposits |
|
10,184 |
10,637 |
11,360 |
12,066 |
12,941 |
14,308 |
14,203 |
13,643 |
16,224 |
20,630 |
Federal Funds Purchased and Securities Sold |
|
197 |
279 |
220 |
- |
- |
- |
0.00 |
191 |
240 |
0.00 |
Accrued Interest Payable |
|
11 |
9.63 |
9.32 |
11 |
8.83 |
10 |
7.00 |
10 |
35 |
32 |
Long-Term Debt |
|
950 |
929 |
1,038 |
992 |
882 |
1,296 |
1,038 |
2,680 |
2,248 |
1,782 |
Other Long-Term Liabilities |
|
283 |
330 |
344 |
301 |
376 |
514 |
465 |
821 |
752 |
931 |
Total Equity & Noncontrolling Interests |
|
2,042 |
2,121 |
2,230 |
2,248 |
2,342 |
2,617 |
2,713 |
2,580 |
2,760 |
3,197 |
Total Preferred & Common Equity |
|
2,042 |
2,121 |
2,230 |
2,248 |
2,342 |
2,617 |
2,713 |
2,580 |
2,760 |
3,197 |
Preferred Stock |
|
- |
- |
- |
- |
0.00 |
193 |
193 |
193 |
193 |
193 |
Total Common Equity |
|
2,042 |
2,121 |
2,230 |
2,248 |
2,342 |
2,424 |
2,520 |
2,387 |
2,567 |
3,004 |
Common Stock |
|
1,998 |
2,017 |
2,031 |
2,044 |
2,056 |
2,066 |
2,080 |
2,103 |
2,117 |
2,404 |
Retained Earnings |
|
642 |
732 |
822 |
946 |
1,079 |
1,121 |
1,282 |
1,451 |
1,619 |
1,776 |
Treasury Stock |
|
-576 |
-590 |
-589 |
-683 |
-793 |
-828 |
-870 |
-782 |
-857 |
-887 |
Accumulated Other Comprehensive Income / (Loss) |
|
-22 |
-38 |
-33 |
-59 |
-0.14 |
65 |
27 |
-385 |
-312 |
-288 |
Quarterly Balance Sheets for Fulton Financial
This table presents Fulton Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
26,146 |
27,112 |
27,375 |
27,643 |
31,770 |
32,186 |
Cash and Due from Banks |
|
143 |
129 |
304 |
248 |
333 |
297 |
Interest Bearing Deposits at Other Banks |
|
385 |
438 |
116 |
110 |
1,063 |
1,144 |
Trading Account Securities |
|
3,951 |
3,957 |
3,719 |
3,794 |
4,211 |
4,563 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
-293 |
-298 |
-376 |
-376 |
Allowance for Loan and Lease Losses |
|
- |
- |
293 |
298 |
376 |
376 |
Premises and Equipment, Net |
|
221 |
216 |
216 |
214 |
181 |
172 |
Intangible Assets |
|
561 |
564 |
561 |
560 |
648 |
642 |
Other Assets |
|
20,883 |
21,809 |
22,752 |
23,016 |
25,710 |
25,745 |
Total Liabilities & Shareholders' Equity |
|
26,146 |
27,112 |
27,375 |
27,643 |
31,770 |
32,186 |
Total Liabilities |
|
23,675 |
24,493 |
24,808 |
24,885 |
28,668 |
28,982 |
Non-Interest Bearing Deposits |
|
7,373 |
6,403 |
5,575 |
5,087 |
5,609 |
5,502 |
Interest Bearing Deposits |
|
14,004 |
14,913 |
15,846 |
16,655 |
19,950 |
20,650 |
Federal Funds Purchased and Securities Sold |
|
136 |
525 |
544 |
0.00 |
0.00 |
0.00 |
Short-Term Debt |
|
484 |
635 |
556 |
860 |
893 |
566 |
Accrued Interest Payable |
|
5.74 |
12 |
27 |
26 |
49 |
37 |
Long-Term Debt |
|
805 |
1,287 |
1,270 |
1,436 |
1,286 |
1,486 |
Other Long-Term Liabilities |
|
868 |
718 |
990 |
821 |
881 |
741 |
Total Equity & Noncontrolling Interests |
|
2,471 |
2,619 |
2,567 |
2,758 |
3,102 |
3,204 |
Total Preferred & Common Equity |
|
2,471 |
2,619 |
2,567 |
2,758 |
3,102 |
3,204 |
Preferred Stock |
|
193 |
193 |
193 |
193 |
193 |
193 |
Total Common Equity |
|
2,278 |
2,426 |
2,374 |
2,565 |
2,909 |
3,011 |
Common Stock |
|
2,098 |
2,107 |
2,114 |
2,119 |
2,396 |
2,400 |
Retained Earnings |
|
1,407 |
1,492 |
1,585 |
1,651 |
1,713 |
1,742 |
Treasury Stock |
|
-783 |
-821 |
-852 |
-886 |
-889 |
-888 |
Accumulated Other Comprehensive Income / (Loss) |
|
-443 |
-351 |
-473 |
-319 |
-311 |
-243 |
Annual Metrics And Ratios for Fulton Financial
This table displays calculated financial ratios and metrics derived from Fulton Financial's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
0.00% |
0.00% |
5.44% |
4.67% |
-0.69% |
9.19% |
7.60% |
7.26% |
14.24% |
EBITDA Growth |
|
-85.19% |
74.57% |
397.64% |
-0.27% |
8.65% |
-27.25% |
55.77% |
2.88% |
0.31% |
2.39% |
EBIT Growth |
|
-100.00% |
0.00% |
0.00% |
-0.63% |
13.31% |
-23.39% |
65.28% |
3.82% |
0.49% |
-1.17% |
NOPAT Growth |
|
-100.00% |
0.00% |
0.00% |
21.33% |
8.61% |
-21.34% |
54.74% |
4.17% |
-0.94% |
1.57% |
Net Income Growth |
|
0.00% |
0.00% |
0.00% |
21.33% |
8.61% |
-21.34% |
54.74% |
4.17% |
-0.94% |
1.57% |
EPS Growth |
|
0.00% |
0.00% |
0.00% |
20.41% |
14.41% |
-20.00% |
50.00% |
3.09% |
-1.80% |
-4.27% |
Operating Cash Flow Growth |
|
-15.74% |
27.33% |
27.29% |
3.15% |
-56.97% |
23.22% |
115.04% |
75.77% |
-38.97% |
14.76% |
Free Cash Flow Firm Growth |
|
-47.80% |
-112.76% |
-744.40% |
33.31% |
194.42% |
-326.69% |
514.01% |
-214.45% |
143.90% |
-40.92% |
Invested Capital Growth |
|
-4.85% |
0.65% |
10.64% |
8.97% |
2.82% |
10.61% |
-17.44% |
40.24% |
-4.80% |
-0.57% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.74% |
0.24% |
0.31% |
1.33% |
5.30% |
-0.81% |
4.06% |
EBITDA Q/Q Growth |
|
-84.44% |
65.39% |
240.43% |
2.28% |
-3.95% |
-10.58% |
14.69% |
4.10% |
-4.01% |
4.37% |
EBIT Q/Q Growth |
|
-100.00% |
0.00% |
0.00% |
1.04% |
-3.13% |
0.57% |
7.84% |
5.08% |
-4.45% |
1.54% |
NOPAT Q/Q Growth |
|
-100.00% |
0.00% |
0.00% |
13.07% |
-4.35% |
1.73% |
4.18% |
7.47% |
-5.82% |
1.53% |
Net Income Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
13.07% |
-4.35% |
1.73% |
4.18% |
7.47% |
-5.82% |
1.53% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
13.46% |
-2.17% |
0.00% |
3.85% |
7.05% |
-5.75% |
-0.63% |
Operating Cash Flow Q/Q Growth |
|
-10.41% |
21.53% |
-3.36% |
-2.66% |
18.62% |
35.02% |
-24.33% |
11.68% |
-27.23% |
80.12% |
Free Cash Flow Firm Q/Q Growth |
|
-54.93% |
-126.38% |
12.52% |
-495.10% |
78.52% |
-7.74% |
39.36% |
-502.88% |
-86.79% |
106.38% |
Invested Capital Q/Q Growth |
|
-4.07% |
-1.11% |
3.06% |
7.65% |
5.76% |
5.70% |
-1.20% |
39.90% |
0.00% |
-5.27% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
0.00% |
0.00% |
39.66% |
37.51% |
38.94% |
28.53% |
40.70% |
38.91% |
36.39% |
32.61% |
EBIT Margin |
|
0.00% |
0.00% |
29.93% |
28.21% |
30.53% |
23.55% |
35.65% |
34.40% |
32.23% |
27.88% |
Profit (Net Income) Margin |
|
0.00% |
0.00% |
21.93% |
25.23% |
26.18% |
20.74% |
29.39% |
28.45% |
26.27% |
23.36% |
Tax Burden Percent |
|
0.00% |
0.00% |
73.26% |
89.45% |
85.74% |
88.04% |
82.42% |
82.70% |
81.52% |
83.78% |
Interest Burden Percent |
|
0.00% |
0.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.00% |
0.00% |
26.74% |
10.55% |
14.26% |
11.96% |
17.58% |
17.30% |
18.48% |
16.22% |
Return on Invested Capital (ROIC) |
|
0.00% |
0.00% |
4.92% |
5.44% |
5.59% |
4.12% |
6.64% |
6.37% |
5.54% |
5.78% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
0.00% |
4.92% |
5.44% |
5.59% |
4.12% |
6.64% |
6.37% |
5.54% |
5.78% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.00% |
2.97% |
3.87% |
4.28% |
3.06% |
3.70% |
4.48% |
5.11% |
3.91% |
Return on Equity (ROE) |
|
0.00% |
0.00% |
7.89% |
9.31% |
9.86% |
7.18% |
10.34% |
10.84% |
10.65% |
9.69% |
Cash Return on Invested Capital (CROIC) |
|
4.97% |
-0.65% |
-5.18% |
-3.15% |
2.81% |
-5.96% |
25.75% |
-27.13% |
10.45% |
6.35% |
Operating Return on Assets (OROA) |
|
0.00% |
0.00% |
1.20% |
1.14% |
1.24% |
0.85% |
1.29% |
1.32% |
1.28% |
1.16% |
Return on Assets (ROA) |
|
0.00% |
0.00% |
0.88% |
1.02% |
1.06% |
0.75% |
1.07% |
1.09% |
1.04% |
0.97% |
Return on Common Equity (ROCE) |
|
0.00% |
0.00% |
7.89% |
9.31% |
9.86% |
6.90% |
9.59% |
10.05% |
9.88% |
9.07% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.00% |
7.70% |
9.27% |
9.66% |
6.80% |
10.16% |
11.12% |
10.30% |
9.03% |
Net Operating Profit after Tax (NOPAT) |
|
0.00 |
0.00 |
172 |
208 |
226 |
178 |
275 |
287 |
284 |
289 |
NOPAT Margin |
|
0.00% |
0.00% |
21.93% |
25.23% |
26.18% |
20.74% |
29.39% |
28.45% |
26.27% |
23.36% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
49.98% |
49.57% |
50.07% |
51.77% |
48.90% |
49.00% |
48.55% |
49.10% |
Operating Expenses to Revenue |
|
0.00% |
0.00% |
67.09% |
66.12% |
65.67% |
67.49% |
65.90% |
62.82% |
62.78% |
66.32% |
Earnings before Interest and Taxes (EBIT) |
|
0.00 |
0.00 |
234 |
233 |
264 |
202 |
334 |
347 |
349 |
345 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
36 |
62 |
311 |
310 |
337 |
245 |
382 |
392 |
394 |
403 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.81 |
1.15 |
1.08 |
0.96 |
1.00 |
0.73 |
0.98 |
1.08 |
1.01 |
1.17 |
Price to Tangible Book Value (P/TBV) |
|
1.09 |
1.53 |
1.42 |
1.26 |
1.30 |
0.94 |
1.24 |
1.42 |
1.29 |
1.48 |
Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
3.07 |
2.61 |
2.71 |
2.07 |
2.62 |
2.56 |
2.40 |
2.84 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
14.01 |
10.36 |
10.36 |
10.12 |
9.27 |
9.34 |
9.48 |
12.60 |
Dividend Yield |
|
4.01% |
2.92% |
3.42% |
4.24% |
3.92% |
5.10% |
4.20% |
4.28% |
4.04% |
3.58% |
Earnings Yield |
|
0.00% |
0.00% |
7.14% |
9.65% |
9.66% |
9.88% |
10.78% |
10.71% |
10.55% |
7.94% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.78 |
0.99 |
0.94 |
0.87 |
0.87 |
0.45 |
0.55 |
0.91 |
0.90 |
0.89 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
4.39 |
4.19 |
4.15 |
2.39 |
2.19 |
4.73 |
4.15 |
3.58 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
71.75 |
52.48 |
11.07 |
11.17 |
10.67 |
8.38 |
5.38 |
12.17 |
11.40 |
10.97 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
14.67 |
14.85 |
13.60 |
10.15 |
6.14 |
13.76 |
12.87 |
12.83 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
20.03 |
16.60 |
15.87 |
11.52 |
7.45 |
16.64 |
15.79 |
15.31 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
14.45 |
14.49 |
11.95 |
11.66 |
28.12 |
13.04 |
6.06 |
8.03 |
12.37 |
10.61 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
15.30 |
0.00 |
0.00 |
0.00 |
31.56 |
0.00 |
1.92 |
0.00 |
8.37 |
13.94 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.61 |
0.56 |
0.64 |
0.78 |
0.75 |
0.74 |
0.38 |
1.04 |
0.81 |
0.56 |
Long-Term Debt to Equity |
|
0.47 |
0.44 |
0.47 |
0.44 |
0.38 |
0.50 |
0.38 |
1.04 |
0.81 |
0.56 |
Financial Leverage |
|
0.67 |
0.59 |
0.60 |
0.71 |
0.77 |
0.74 |
0.56 |
0.70 |
0.92 |
0.68 |
Leverage Ratio |
|
8.68 |
8.85 |
8.96 |
9.09 |
9.27 |
9.64 |
9.70 |
9.96 |
10.21 |
10.01 |
Compound Leverage Factor |
|
0.00 |
0.00 |
8.96 |
9.09 |
9.27 |
9.64 |
9.70 |
9.96 |
10.21 |
10.01 |
Debt to Total Capital |
|
37.97% |
35.98% |
39.17% |
43.74% |
42.97% |
42.40% |
27.68% |
50.95% |
44.88% |
35.79% |
Short-Term Debt to Total Capital |
|
9.13% |
7.93% |
10.84% |
18.89% |
21.50% |
13.87% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
28.85% |
28.05% |
28.33% |
24.84% |
21.47% |
28.53% |
27.68% |
50.95% |
44.88% |
35.79% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
4.25% |
5.14% |
3.67% |
3.85% |
3.87% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
62.03% |
64.02% |
60.83% |
56.26% |
57.03% |
53.35% |
67.18% |
45.38% |
51.27% |
60.34% |
Debt to EBITDA |
|
34.95 |
19.10 |
4.62 |
5.64 |
5.24 |
7.87 |
2.72 |
6.83 |
5.71 |
4.42 |
Net Debt to EBITDA |
|
25.68 |
13.45 |
3.33 |
4.20 |
3.70 |
0.32 |
-1.57 |
5.09 |
4.31 |
1.78 |
Long-Term Debt to EBITDA |
|
26.55 |
14.89 |
3.34 |
3.20 |
2.62 |
5.29 |
2.72 |
6.83 |
5.71 |
4.42 |
Debt to NOPAT |
|
0.00 |
0.00 |
8.36 |
8.38 |
7.80 |
10.82 |
3.77 |
9.34 |
7.91 |
6.17 |
Net Debt to NOPAT |
|
0.00 |
0.00 |
6.02 |
6.24 |
5.51 |
0.44 |
-2.18 |
6.96 |
5.97 |
2.49 |
Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
6.05 |
4.76 |
3.90 |
7.28 |
3.77 |
9.34 |
7.91 |
6.17 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
3.89% |
7.24% |
7.29% |
7.22% |
6.48% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
168 |
-21 |
-181 |
-121 |
114 |
-258 |
1,068 |
-1,222 |
537 |
317 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
-1.93 |
-0.94 |
0.64 |
-2.27 |
17.89 |
-14.69 |
1.28 |
0.51 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
3.08 |
2.32 |
0.72 |
1.38 |
5.67 |
7.15 |
0.87 |
0.67 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
3.08 |
2.32 |
0.72 |
1.38 |
5.67 |
7.15 |
0.87 |
0.67 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.00 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
3.56 |
3.61 |
3.64 |
3.64 |
4.15 |
4.53 |
4.83 |
5.91 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
3,292 |
3,313 |
3,666 |
3,995 |
4,107 |
4,543 |
3,751 |
5,260 |
5,008 |
4,979 |
Invested Capital Turnover |
|
0.00 |
0.00 |
0.22 |
0.22 |
0.21 |
0.20 |
0.23 |
0.22 |
0.21 |
0.25 |
Increase / (Decrease) in Invested Capital |
|
-168 |
21 |
352 |
329 |
113 |
436 |
-792 |
1,509 |
-252 |
-28 |
Enterprise Value (EV) |
|
2,566 |
3,277 |
3,440 |
3,460 |
3,591 |
2,052 |
2,052 |
4,776 |
4,489 |
4,421 |
Market Capitalization |
|
1,648 |
2,437 |
2,406 |
2,159 |
2,344 |
1,780 |
2,460 |
2,585 |
2,598 |
3,509 |
Book Value per Share |
|
$11.73 |
$12.24 |
$12.73 |
$12.76 |
$14.27 |
$14.94 |
$15.62 |
$14.25 |
$15.64 |
$16.51 |
Tangible Book Value per Share |
|
$8.68 |
$9.17 |
$9.70 |
$9.74 |
$11.01 |
$11.63 |
$12.29 |
$10.90 |
$12.22 |
$13.01 |
Total Capital |
|
3,292 |
3,313 |
3,666 |
3,995 |
4,107 |
4,543 |
3,751 |
5,260 |
5,008 |
4,979 |
Total Debt |
|
1,250 |
1,192 |
1,436 |
1,747 |
1,765 |
1,926 |
1,038 |
2,680 |
2,248 |
1,782 |
Total Long-Term Debt |
|
950 |
929 |
1,038 |
992 |
882 |
1,296 |
1,038 |
2,680 |
2,248 |
1,782 |
Net Debt |
|
919 |
840 |
1,034 |
1,301 |
1,247 |
78 |
-601 |
1,998 |
1,698 |
718 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,250 |
1,192 |
1,436 |
1,747 |
1,765 |
1,926 |
1,038 |
2,680 |
2,248 |
1,782 |
Total Depreciation and Amortization (D&A) |
|
36 |
62 |
76 |
77 |
73 |
43 |
47 |
45 |
45 |
58 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$0.93 |
$0.00 |
$0.00 |
$1.36 |
$1.08 |
$1.63 |
$1.69 |
$1.66 |
$1.59 |
Adjusted Weighted Average Basic Shares Outstanding |
|
173.62M |
174.10M |
175.29M |
169.88M |
164.29M |
162.46M |
160.52M |
166.96M |
162.02M |
182.20M |
Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.93 |
$0.00 |
$0.00 |
$1.35 |
$1.08 |
$1.62 |
$1.67 |
$1.64 |
$1.57 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
173.62M |
174.10M |
175.29M |
169.88M |
164.29M |
162.46M |
160.52M |
166.96M |
162.02M |
182.20M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.36 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
173.62M |
174.10M |
175.29M |
169.88M |
164.29M |
162.46M |
160.52M |
166.96M |
162.02M |
182.20M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
0.00 |
0.00 |
172 |
208 |
230 |
181 |
303 |
296 |
284 |
320 |
Normalized NOPAT Margin |
|
0.00% |
0.00% |
21.93% |
25.23% |
26.61% |
21.03% |
32.31% |
29.30% |
26.27% |
25.91% |
Pre Tax Income Margin |
|
0.00% |
0.00% |
29.93% |
28.21% |
30.53% |
23.55% |
35.65% |
34.40% |
32.23% |
27.88% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
2.51 |
1.82 |
1.49 |
1.78 |
5.60 |
4.17 |
0.83 |
0.55 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
1.84 |
1.63 |
1.28 |
1.57 |
4.62 |
3.45 |
0.68 |
0.46 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
2.51 |
1.82 |
1.49 |
1.78 |
5.60 |
4.17 |
0.83 |
0.55 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
1.84 |
1.63 |
1.28 |
1.57 |
4.62 |
3.45 |
0.68 |
0.46 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
0.00% |
46.79% |
43.02% |
40.79% |
51.09% |
40.66% |
40.42% |
40.71% |
45.61% |
Augmented Payout Ratio |
|
0.00% |
0.00% |
46.79% |
88.76% |
90.04% |
73.41% |
56.60% |
40.42% |
67.82% |
56.12% |
Quarterly Metrics And Ratios for Fulton Financial
This table displays calculated financial ratios and metrics derived from Fulton Financial's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
17.49% |
22.11% |
23.45% |
15.27% |
-1.80% |
-3.16% |
-1.22% |
22.41% |
17.75% |
17.76% |
EBITDA Growth |
|
-3.77% |
16.59% |
6.25% |
9.91% |
2.50% |
-15.12% |
-10.24% |
8.43% |
-6.84% |
18.28% |
EBIT Growth |
|
-4.03% |
20.85% |
7.28% |
11.26% |
3.04% |
-16.69% |
-9.17% |
7.84% |
-10.33% |
6.44% |
NOPAT Growth |
|
-6.23% |
32.23% |
6.26% |
13.74% |
1.73% |
-21.47% |
-9.33% |
19.30% |
-12.33% |
6.78% |
Net Income Growth |
|
-6.23% |
32.23% |
6.26% |
13.74% |
1.73% |
-21.47% |
-9.33% |
19.30% |
-12.33% |
6.78% |
EPS Growth |
|
-11.11% |
30.56% |
2.63% |
9.52% |
5.00% |
-21.28% |
-7.69% |
13.04% |
-21.43% |
-2.70% |
Operating Cash Flow Growth |
|
500.59% |
383.54% |
142.64% |
85.62% |
-61.76% |
-173.20% |
232.66% |
-1.65% |
-115.90% |
322.80% |
Free Cash Flow Firm Growth |
|
-81.43% |
-267.09% |
-440.09% |
-284.72% |
3,474.50% |
122.18% |
49.55% |
6.64% |
-235.52% |
-69.39% |
Invested Capital Growth |
|
-0.96% |
40.24% |
26.89% |
26.80% |
0.00% |
-4.80% |
11.30% |
20.20% |
0.00% |
-0.57% |
Revenue Q/Q Growth |
|
15.82% |
2.00% |
-4.60% |
2.28% |
-1.33% |
0.59% |
0.00% |
26.75% |
-5.09% |
0.60% |
EBITDA Q/Q Growth |
|
0.09% |
11.42% |
-13.21% |
13.56% |
-6.67% |
-7.73% |
0.00% |
37.18% |
-19.81% |
17.15% |
EBIT Q/Q Growth |
|
0.27% |
12.79% |
-14.47% |
15.02% |
-7.13% |
-8.81% |
0.00% |
36.56% |
-22.78% |
8.26% |
NOPAT Q/Q Growth |
|
1.26% |
15.47% |
-16.52% |
16.53% |
-9.43% |
-10.87% |
0.00% |
53.33% |
-33.45% |
8.57% |
Net Income Q/Q Growth |
|
1.26% |
15.47% |
-16.52% |
16.53% |
-9.43% |
-10.87% |
0.00% |
53.33% |
-33.45% |
8.57% |
EPS Q/Q Growth |
|
-4.76% |
17.50% |
-17.02% |
17.95% |
-8.70% |
-11.90% |
0.00% |
44.44% |
-36.54% |
9.09% |
Operating Cash Flow Q/Q Growth |
|
477.73% |
-85.26% |
-41.39% |
271.92% |
19.03% |
-128.21% |
0.00% |
9.96% |
-119.24% |
495.31% |
Free Cash Flow Firm Q/Q Growth |
|
-76.67% |
-1,431.45% |
37.37% |
5.06% |
551.46% |
-91.74% |
0.00% |
-75.70% |
-555.32% |
101.87% |
Invested Capital Q/Q Growth |
|
8.53% |
39.90% |
-13.67% |
-3.26% |
-100.00% |
0.00% |
0.00% |
4.48% |
-0.46% |
-5.27% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
35.51% |
38.79% |
35.29% |
39.18% |
37.06% |
33.99% |
32.07% |
34.70% |
29.32% |
34.14% |
EBIT Margin |
|
31.38% |
34.71% |
31.11% |
34.99% |
32.93% |
29.86% |
28.61% |
30.82% |
25.08% |
26.99% |
Profit (Net Income) Margin |
|
25.80% |
29.20% |
25.55% |
29.11% |
26.72% |
23.68% |
23.46% |
28.38% |
19.90% |
21.47% |
Tax Burden Percent |
|
82.19% |
84.14% |
82.13% |
83.21% |
81.15% |
79.31% |
81.98% |
92.06% |
79.34% |
79.57% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
17.81% |
15.86% |
17.87% |
16.79% |
18.85% |
20.69% |
18.02% |
7.94% |
20.66% |
20.43% |
Return on Invested Capital (ROIC) |
|
6.54% |
6.54% |
6.67% |
8.12% |
0.00% |
4.99% |
5.27% |
6.69% |
8.99% |
5.32% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
6.54% |
6.54% |
6.67% |
8.12% |
0.00% |
4.99% |
5.27% |
6.69% |
8.99% |
5.32% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.02% |
4.59% |
3.77% |
4.54% |
0.00% |
4.61% |
4.14% |
4.73% |
5.76% |
3.60% |
Return on Equity (ROE) |
|
9.56% |
11.13% |
10.44% |
12.66% |
0.00% |
9.60% |
9.41% |
11.41% |
14.75% |
8.91% |
Cash Return on Invested Capital (CROIC) |
|
8.03% |
-27.13% |
-16.54% |
-15.98% |
0.00% |
10.45% |
-4.90% |
-12.28% |
-189.18% |
6.35% |
Operating Return on Assets (OROA) |
|
1.14% |
1.33% |
1.25% |
1.46% |
0.00% |
1.19% |
1.13% |
1.19% |
0.93% |
1.12% |
Return on Assets (ROA) |
|
0.94% |
1.12% |
1.03% |
1.21% |
0.00% |
0.94% |
0.92% |
1.09% |
0.73% |
0.89% |
Return on Common Equity (ROCE) |
|
8.85% |
10.32% |
9.66% |
11.70% |
0.00% |
8.90% |
8.74% |
10.64% |
13.86% |
8.33% |
Return on Equity Simple (ROE_SIMPLE) |
|
10.81% |
0.00% |
11.11% |
11.71% |
0.00% |
0.00% |
10.08% |
9.46% |
8.88% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
71 |
82 |
68 |
80 |
72 |
64 |
62 |
95 |
63 |
69 |
NOPAT Margin |
|
25.80% |
29.20% |
25.55% |
29.11% |
26.72% |
23.68% |
23.46% |
28.38% |
19.90% |
21.47% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
47.14% |
45.77% |
46.68% |
47.70% |
49.53% |
50.28% |
51.21% |
46.44% |
52.02% |
47.23% |
Operating Expenses to Revenue |
|
61.71% |
60.12% |
59.71% |
61.45% |
63.39% |
66.53% |
67.25% |
59.60% |
71.17% |
67.78% |
Earnings before Interest and Taxes (EBIT) |
|
86 |
97 |
83 |
96 |
89 |
81 |
76 |
103 |
80 |
86 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
98 |
109 |
94 |
107 |
100 |
92 |
85 |
116 |
93 |
109 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.07 |
1.08 |
0.90 |
0.80 |
0.00 |
1.01 |
0.99 |
1.05 |
1.09 |
1.17 |
Price to Tangible Book Value (P/TBV) |
|
1.42 |
1.42 |
1.17 |
1.04 |
0.00 |
1.29 |
1.27 |
1.35 |
1.38 |
1.48 |
Price to Revenue (P/Rev) |
|
2.55 |
2.56 |
2.06 |
1.72 |
1.75 |
2.40 |
2.36 |
2.68 |
2.75 |
2.84 |
Price to Earnings (P/E) |
|
9.50 |
9.34 |
7.76 |
6.50 |
6.54 |
9.48 |
9.52 |
10.80 |
11.92 |
12.60 |
Dividend Yield |
|
4.59% |
4.28% |
5.06% |
5.87% |
5.85% |
4.04% |
4.20% |
3.93% |
3.73% |
3.58% |
Earnings Yield |
|
10.52% |
10.71% |
12.88% |
15.39% |
15.28% |
10.55% |
10.50% |
9.26% |
8.39% |
7.94% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.90 |
0.91 |
0.82 |
0.79 |
0.00 |
0.90 |
0.93 |
0.76 |
0.77 |
0.89 |
Enterprise Value to Revenue (EV/Rev) |
|
3.54 |
4.73 |
3.52 |
3.18 |
0.00 |
4.15 |
4.34 |
3.54 |
3.43 |
3.58 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
9.00 |
12.17 |
9.36 |
8.55 |
0.00 |
11.40 |
12.19 |
10.25 |
10.54 |
10.97 |
Enterprise Value to EBIT (EV/EBIT) |
|
10.28 |
13.76 |
10.57 |
9.62 |
0.00 |
12.87 |
13.72 |
11.56 |
12.00 |
12.83 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
12.71 |
16.64 |
12.81 |
11.60 |
0.00 |
15.79 |
16.84 |
13.74 |
14.32 |
15.31 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
6.37 |
8.03 |
4.98 |
4.21 |
0.00 |
12.37 |
9.96 |
8.63 |
17.61 |
10.61 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
11.19 |
0.00 |
0.00 |
0.00 |
0.00 |
8.37 |
0.00 |
0.00 |
0.00 |
13.94 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.52 |
1.04 |
0.73 |
0.71 |
0.00 |
0.81 |
0.83 |
0.70 |
0.64 |
0.56 |
Long-Term Debt to Equity |
|
0.33 |
1.04 |
0.49 |
0.49 |
0.00 |
0.81 |
0.52 |
0.41 |
0.46 |
0.56 |
Financial Leverage |
|
0.46 |
0.70 |
0.56 |
0.56 |
0.00 |
0.92 |
0.78 |
0.71 |
0.64 |
0.68 |
Leverage Ratio |
|
10.16 |
9.96 |
10.16 |
10.45 |
0.00 |
10.21 |
10.18 |
10.43 |
10.05 |
10.01 |
Compound Leverage Factor |
|
10.16 |
9.96 |
10.16 |
10.45 |
0.00 |
10.21 |
10.18 |
10.43 |
10.05 |
10.01 |
Debt to Total Capital |
|
34.27% |
50.95% |
42.32% |
41.57% |
0.00% |
44.88% |
45.43% |
41.26% |
39.04% |
35.79% |
Short-Term Debt to Total Capital |
|
12.87% |
0.00% |
13.98% |
12.66% |
0.00% |
0.00% |
17.03% |
16.91% |
10.77% |
0.00% |
Long-Term Debt to Total Capital |
|
21.41% |
50.95% |
28.34% |
28.91% |
0.00% |
44.88% |
28.41% |
24.35% |
28.27% |
35.79% |
Preferred Equity to Total Capital |
|
5.13% |
3.67% |
4.25% |
4.39% |
0.00% |
3.85% |
3.82% |
3.65% |
3.67% |
3.87% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
60.60% |
45.38% |
53.43% |
54.04% |
0.00% |
51.27% |
50.75% |
55.09% |
57.29% |
60.34% |
Debt to EBITDA |
|
3.42 |
6.83 |
4.83 |
4.48 |
0.00 |
5.71 |
5.98 |
5.54 |
5.31 |
4.42 |
Net Debt to EBITDA |
|
2.02 |
5.09 |
3.40 |
3.45 |
0.00 |
4.31 |
5.05 |
1.99 |
1.58 |
1.78 |
Long-Term Debt to EBITDA |
|
2.14 |
6.83 |
3.23 |
3.12 |
0.00 |
5.71 |
3.74 |
3.27 |
3.85 |
4.42 |
Debt to NOPAT |
|
4.83 |
9.34 |
6.60 |
6.07 |
0.00 |
7.91 |
8.26 |
7.43 |
7.22 |
6.17 |
Net Debt to NOPAT |
|
2.85 |
6.96 |
4.66 |
4.68 |
0.00 |
5.97 |
6.98 |
2.67 |
2.15 |
2.49 |
Long-Term Debt to NOPAT |
|
3.01 |
9.34 |
4.42 |
4.23 |
0.00 |
7.91 |
5.17 |
4.38 |
5.23 |
6.17 |
Noncontrolling Interest Sharing Ratio |
|
7.46% |
7.29% |
7.43% |
7.66% |
0.00% |
7.22% |
7.17% |
6.81% |
6.02% |
6.48% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
107 |
-1,427 |
-894 |
-849 |
3,832 |
317 |
-451 |
-792 |
-5,193 |
97 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
5.92 |
-34.04 |
-12.04 |
-8.32 |
32.88 |
2.51 |
-3.40 |
-4.99 |
-30.61 |
0.60 |
Operating Cash Flow to Interest Expense |
|
29.38 |
1.87 |
0.62 |
1.68 |
1.75 |
-0.46 |
1.15 |
1.06 |
-0.19 |
0.80 |
Operating Cash Flow Less CapEx to Interest Expense |
|
29.38 |
1.87 |
0.62 |
1.68 |
1.75 |
-0.46 |
1.15 |
1.06 |
-0.19 |
0.80 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.00 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
4.26 |
4.53 |
4.88 |
5.13 |
0.00 |
4.83 |
5.02 |
5.75 |
6.92 |
5.91 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
3,760 |
5,260 |
4,541 |
4,393 |
0.00 |
5,008 |
5,054 |
5,280 |
5,256 |
4,979 |
Invested Capital Turnover |
|
0.25 |
0.22 |
0.26 |
0.28 |
0.00 |
0.21 |
0.22 |
0.24 |
0.45 |
0.25 |
Increase / (Decrease) in Invested Capital |
|
-36 |
1,509 |
962 |
928 |
-3,760 |
-252 |
513 |
887 |
5,256 |
-28 |
Enterprise Value (EV) |
|
3,393 |
4,776 |
3,727 |
3,486 |
0.00 |
4,489 |
4,680 |
4,031 |
4,071 |
4,421 |
Market Capitalization |
|
2,440 |
2,585 |
2,179 |
1,887 |
1,908 |
2,598 |
2,549 |
3,055 |
3,267 |
3,509 |
Book Value per Share |
|
$13.61 |
$14.25 |
$14.53 |
$14.34 |
$0.00 |
$15.64 |
$15.83 |
$16.00 |
$16.55 |
$16.51 |
Tangible Book Value per Share |
|
$10.26 |
$10.90 |
$11.16 |
$10.95 |
$0.00 |
$12.22 |
$12.37 |
$12.44 |
$13.03 |
$13.01 |
Total Capital |
|
3,760 |
5,260 |
4,541 |
4,393 |
0.00 |
5,008 |
5,054 |
5,280 |
5,256 |
4,979 |
Total Debt |
|
1,289 |
2,680 |
1,922 |
1,826 |
0.00 |
2,248 |
2,296 |
2,179 |
2,052 |
1,782 |
Total Long-Term Debt |
|
805 |
2,680 |
1,287 |
1,270 |
0.00 |
2,248 |
1,436 |
1,286 |
1,486 |
1,782 |
Net Debt |
|
760 |
1,998 |
1,355 |
1,406 |
0.00 |
1,698 |
1,939 |
782 |
612 |
718 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,289 |
2,680 |
1,922 |
1,826 |
0.00 |
2,248 |
2,296 |
2,179 |
2,052 |
1,782 |
Total Depreciation and Amortization (D&A) |
|
11 |
11 |
11 |
11 |
11 |
11 |
9.13 |
13 |
13 |
23 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.41 |
$0.48 |
$0.39 |
$0.00 |
$0.00 |
$0.39 |
$0.36 |
$0.53 |
$0.33 |
$0.37 |
Adjusted Weighted Average Basic Shares Outstanding |
|
167.49M |
166.96M |
165.49M |
0.00 |
0.00 |
162.02M |
181.76M |
181.91M |
182.03M |
182.20M |
Adjusted Diluted Earnings per Share |
|
$0.40 |
$0.47 |
$0.39 |
$0.00 |
$0.00 |
$0.37 |
$0.36 |
$0.52 |
$0.33 |
$0.36 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
167.49M |
166.96M |
165.49M |
0.00 |
0.00 |
162.02M |
181.76M |
181.91M |
182.03M |
182.20M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
167.49M |
166.96M |
165.49M |
0.00 |
0.00 |
162.02M |
181.76M |
181.91M |
182.03M |
182.20M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
77 |
83 |
68 |
80 |
72 |
64 |
62 |
108 |
74 |
76 |
Normalized NOPAT Margin |
|
27.89% |
29.77% |
25.55% |
29.11% |
26.72% |
23.68% |
23.46% |
32.17% |
23.44% |
23.87% |
Pre Tax Income Margin |
|
31.38% |
34.71% |
31.11% |
34.99% |
32.93% |
29.86% |
28.61% |
30.82% |
25.08% |
26.99% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
4.76 |
2.32 |
1.12 |
0.94 |
0.76 |
0.64 |
0.57 |
0.65 |
0.47 |
0.54 |
NOPAT to Interest Expense |
|
3.91 |
1.95 |
0.92 |
0.78 |
0.62 |
0.51 |
0.47 |
0.60 |
0.37 |
0.43 |
EBIT Less CapEx to Interest Expense |
|
4.76 |
2.32 |
1.12 |
0.94 |
0.76 |
0.64 |
0.57 |
0.65 |
0.47 |
0.54 |
NOPAT Less CapEx to Interest Expense |
|
3.91 |
1.95 |
0.92 |
0.78 |
0.62 |
0.51 |
0.47 |
0.60 |
0.37 |
0.43 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
43.62% |
40.42% |
40.78% |
39.71% |
40.72% |
40.71% |
42.01% |
42.46% |
44.49% |
45.61% |
Augmented Payout Ratio |
|
50.28% |
40.42% |
54.68% |
53.17% |
64.22% |
67.82% |
66.10% |
65.29% |
57.31% |
56.12% |
Key Financial Trends
Fulton Financial Corp (NASDAQ: FULT) shows a trajectory of financial results over the past four years, with detailed data available through 2024 Q4. Here's an analysis of key trends and financial highlights from the income statements, cash flow statements, and balance sheets.
- Net Interest Income Growth: Over the last several quarters, net interest income has generally increased, with Q4 2024 reporting $253.7 million compared to $212.0 million in Q4 2022. This indicates improving core revenue from lending operations.
- Consistent Net Income: Net income has grown from $81.8 million in Q4 2022 to $68.6 million in Q4 2024 quarterly; although the absolute figure is slightly lower, the trailing quarters demonstrate consistent profitability with Q3 and Q4 2024 showing net income around $63-68 million.
- Strong Non-Interest Income in 2024: Q4 2024 non-interest income was $65.9 million, a rise compared to prior years, showing growth in fee-based and auxiliary revenue streams.
- Operating Cash Flow Recovery: Q4 2024 had net cash from operating activities of $127.9 million, which shows Fulton is generating healthy cash flows to support operations and investments post some quarters of operating cash flow outflows (e.g., Q3 2024 was negative).
- Increase in Total Assets: Total assets grew from approximately $27.1 billion in Q1 2023 to $32.1 billion by Q3 2024, demonstrating balance sheet expansion which can support future revenue growth.
- Equity Growth: Total equity increased from $2.62 billion (Q1 2023) to $3.20 billion (Q3 2024), showing a solid capital base improving shareholder value.
- Provision for Credit Losses Variability: Provision expenses have fluctuated, e.g., $14.5 million in Q4 2022 up to $32 million in Q2 2024, then moderating again. This reflects changing credit risk assessments which investors should monitor as an economic risk indicator.
- Restructuring Charges Impact: While restructuring charges appeared as a modest expense (e.g., $9.6 million in Q4 2024, $14.2 million in Q3 2024), these could be strategic for long-term efficiency but add short-term cost pressure.
- Increase in Interest Expense on Long-Term Debt: Interest expense on long-term debt decreased notably from $42.7 million in Q4 2023 to $51.6 million in Q4 2024, but earlier quarters showed some variability linked to debt issuances and repayments, impacting net income margins.
- Negative Net Cash From Investing and Financing Activities in Q4 2024: The company posted a considerable net cash outflow in investing activities (-$198 million) and financing activities (-$306 million) in Q4 2024, which could reflect investment and debt repayments but pressures liquidity if persistent.
Summary: Fulton Financial has demonstrated stable growth in net interest income, expanding assets, and improving equity over the last several years, with consistent profitability. The bank’s increase in non-interest income and operating cash flow during 2024 is positive. However, investors should watch provisions for credit losses variability and significant negative cash flows from investing and financing activities, which could affect liquidity and capital management strategies. Overall, Fulton appears positioned for steady growth with manageable risks.
09/13/25 08:53 PM ETAI Generated. May Contain Errors.