Fulton Financial (FULT) Financials

$19.06 +0.25 (+1.33%)

Closing price 09/17/2025 04:00 PM Eastern

Extended Trading

$19.44 +0.38 (+1.99%)

As of 04:01 AM Eastern

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.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-	-	172	208	226	176	265	277	274	278
Consolidated Net Income / (Loss)	-	-	172	208	226	178	275	287	284	289
Net Income / (Loss) Continuing Operations	-	-	172	208	226	178	275	287	284	289
Total Pre-Tax Income	-	-	234	233	264	202	334	347	349	345
Total Revenue	-	-	783	826	865	859	937	1,009	1,082	1,236
Net Interest Income / (Expense)	-	-	575	630	648	629	664	782	854	960
Total Interest Income	-	-	669	759	825	743	723	865	1,273	1,582
Loans and Leases Interest Income	-	-	605	684	739	658	639	759	1,156	1,395
Investment Securities Interest Income	-	-	59	68	77	79	80	98	102	137
Other Interest Income	-	-	5.07	6.19	9.25	5.50	5.00	8.11	15	51
Total Interest Expense	-	-	94	128	177	114	60	83	419	622
Deposits Interest Expense	-	-	58	88	132	70	30	44	292	522
Long-Term Debt Interest Expense	-	-	33	32	31	41	30	36	96	97
Federal Funds Purchased and Securities Sold Interest Expense	-	-	-	-	-	0.54	0.00	2.97	30	2.88
Total Non-Interest Income	-	-	208	196	216	229	274	227	228	276
Net Realized & Unrealized Capital Gains on Investments	-	-	9.07	0.04	216	3.05	34	-0.03	-0.73	-20
Other Non-Interest Income	-	-	199	195	-	226	240	227	228	296
Provision for Credit Losses	-	-	23	47	33	77	-15	28	54	72
Total Non-Interest Expense	-	-	526	546	568	579	618	634	679	820
Salaries and Employee Benefits	-	-	290	303	312	324	329	357	377	433
Net Occupancy & Equipment Expense	-	-	101	106	111	115	124	130	139	165
Marketing Expense	-	-	-	-	9.85	5.13	5.28	6.89	9.00	8.96
Property & Liability Insurance Claims	-	-	11	11	7.78	8.87	11	13	26	24
Other Operating Expenses	-	-	112	114	115	123	115	115	125	134
Amortization Expense	-	-	11	11	7.45	0.53	0.59	1.73	2.94	18
Restructuring Charge	-	-	-	-	-	0.00	0.00	10	0.00	38
Other Special Charges	-	-	-	-	4.33	2.88	33	0.00	0.00	0.00
Income Tax Expense	-	-	63	25	38	24	59	60	64	56
Preferred Stock Dividends Declared	-	-	-	0.00	0.00	2.14	10	10	10	10
Basic Earnings per Share	-	-	$0.98	$1.19	$1.36	$1.08	$1.63	$1.69	$1.66	$1.59
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
Diluted Earnings per Share	-	-	$0.98	$1.18	$1.35	$1.08	$1.62	$1.67	$1.64	$1.57
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
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
Cash Dividends to Common per Share	$0.38	$0.41	$0.47	$0.52	$0.56	$0.56	$0.64	$0.66	$0.64	$0.69

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	3/31/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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%

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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%

Financials Breakdown Chart

Key Financial Trends

Fulton Financial Corp (NASDAQ: FULT) has demonstrated solid financial performance over the last four years, with noticeable trends in income, cash flow, and balance sheet metrics throughout 2022 to 2024.

Positive trends include:

Consistent growth in loans and leases interest income, increasing from approximately $205 million in Q3 2022 to $357.8 million in Q4 2024, indicating expanding lending activities.
Net interest income has steadily risen, with Q4 2024 reporting $253.7 million compared to $212.0 million in Q3 2022, reflecting improving core banking margins.
Non-interest income remains an important contributor, with Q4 2024 recording $65.9 million, helping diversify revenue streams beyond interest income.
Net income attributable to common shareholders increased to $66.1 million in Q4 2024 from $69.5 million in Q4 2023, showing a stable profitability trend with mild fluctuations.
Basic earnings per share have improved from $0.41 in Q2 2023 to $0.37 in Q4 2024, noting some dilution but steady earnings generation.
Return on equity is supported by growing retained earnings, climbing to over $1.74 billion by Q3 2024, enhancing shareholder value.
Strong operating cash flows in most quarters, with over $127.9 million generated in Q4 2024, indicating healthy cash generation from core operations.
The company's total assets grew from approximately $26.1 billion in Q3 2022 to over $32.2 billion by Q3 2024, pointing to asset base expansion either through loan growth or securities.
Stable capital structure with total common equity increasing from $2.27 billion in Q3 2022 to over $3 billion in Q3 2024, showing strengthened capitalization.
Dividend payments have been consistently made each quarter with dividends per share maintained around $0.15 to $0.18 over recent years, indicating shareholder return stability.

Neutral factors to watch:

Provision for credit losses varies quarterly but trends moderately high in recent quarters (e.g., $16.7 million in Q4 2024), a sign of cautious loan loss reserving amid macroeconomic conditions.
Cash and due from banks balance fluctuates significantly quarter to quarter, evidencing active liquidity management strategies.
Renewed activity in debt issuance and repayment, including short-term and long-term borrowings, indicates ongoing balance sheet optimization efforts.

Potential headwinds or negative aspects observed:

Total non-interest expenses have grown over the years, from roughly $159.6 million in Q1 2023 to $216.6 million in Q4 2024, driven in part by restructuring charges and higher operating costs, which may pressure margins.
Restructuring charges, while fluctuating, have recently increased (up to $9.6 million in Q4 2024 versus zero in Q1 2024), possibly signaling ongoing restructuring or integration costs impacting profits.
Net cash used in investing activities remains substantial and negative every quarter, driven mostly by significant purchases of investment securities, which may affect liquidity.
Net cash used in financing activities turned notably negative in late 2024 quarters, reflecting dividend payments, debt repayments, and buybacks that reduce cash reserves.
The accumulated other comprehensive loss remains substantial (e.g., -$243 million at Q3 2024), indicating exposure to unrealized losses on available-for-sale securities or other comprehensive income items.

Overall, Fulton Financial Corp showcases stable revenue growth and profitability with expanding loan portfolios and solid equity base growth. However, investors should watch expenses rising and cash flow outflows in investing and financing activities, which may impact near-term liquidity and earnings sustainability. The consistent dividend payments and improved earnings per share levels provide confidence in operational strength and capital discipline.

09/18/25 06:41 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Fulton Financial's Financials

When does Fulton Financial's fiscal year end?

According to the most recent income statement we have on file, Fulton Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Fulton Financial's net income changed over the last 9 years?

Fulton Financial's net income appears to be on an upward trend, with a most recent value of $288.74 million in 2024, rising from $0.00 in 2015. The previous period was $284.28 million in 2023. View Fulton Financial's forecast to see where analysts expect Fulton Financial to go next.

How has Fulton Financial's revenue changed over the last 9 years?

Over the last 9 years, Fulton Financial's total revenue changed from $0.00 in 2015 to $1.24 billion in 2024, a change of 123,605,600,000.0%.

How much debt does Fulton Financial have?

Fulton Financial's total liabilities were at $28.87 billion at the end of 2024, a 16.4% increase from 2023, and a 81.9% increase since 2015.

How much cash does Fulton Financial have?

In the past 9 years, Fulton Financial's cash and equivalents has ranged from $101.12 million in 2015 to $300.34 million in 2023, and is currently $279.04 million as of their latest financial filing in 2024.

How has Fulton Financial's book value per share changed over the last 9 years?

Over the last 9 years, Fulton Financial's book value per share changed from 11.73 in 2015 to 16.51 in 2024, a change of 40.7%.

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This page (NASDAQ:FULT) was last updated on 9/18/2025 by MarketBeat.com Staff

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Fulton Financial (FULT) Financials

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Fulton Financial (FULT) Financials

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