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Fulton Financial (FULTP) Financials

Fulton Financial logo
$18.57 -0.13 (-0.67%)
Closing price 08/1/2025 03:40 PM Eastern
Extended Trading
$18.58 +0.00 (+0.01%)
As of 08/1/2025 04:04 PM Eastern
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Annual Income Statements for Fulton Financial

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

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
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

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
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

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
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

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
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

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
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

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
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%

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
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%

Key Financial Trends

Fulton Financial (NASDAQ: FULTP) has demonstrated steady financial performance over the last four years, with some notable trends in its quarterly financial statements for 2022 through 2024. The analysis below highlights key positive, neutral, and negative factors influencing the company's financial health and outlook.

  • Consistent Net Interest Income Growth: Net interest income increased from $225.9 million in Q4 2022 to $253.7 million in Q4 2024, reflecting successful core earnings growth from loans and investments.
  • Increasing Net Income: Quarterly net income attributable to common shareholders rose from $61.5 million in Q1 2023 to $66.1 million in Q4 2024, indicating improving profitability.
  • Solid Dividend Payments with Growth: Cash dividends per share increased modestly from $0.15 in early 2023 to $0.18 in Q4 2024, showing management's confidence and commitment to returning value to shareholders.
  • Strong Operating Cash Flows: Net cash from continuing operating activities was robust in recent quarters, with $127.9 million in Q4 2024, supporting business operations and investment capacity.
  • Stable Asset Base Growth: Total assets grew from roughly $26.1 billion in Q3 2022 to about $32.2 billion by Q3 2024, demonstrating asset expansion and potential for increased revenue sources.
  • Controlled Provision for Credit Losses: Although provisions fluctuated, the overall trend suggests the bank is adequately managing credit risk with provisions aligned to current credit conditions.
  • Fluctuating Non-Interest Income: Other non-interest income varies significantly quarter-over-quarter, indicating dependence on variable fees or one-time gains/losses. This introduces some earnings variability.
  • Moderate Increase in Expenses: Salaries, benefits, and operating expenses increased proportionally with revenues, maintaining operating leverage but suggesting pressure on cost management.
  • Stable Common Equity Levels: Total common equity remained in the $2.3 billion to $3.0 billion range over the last two years, reflecting steady capitalization but no dramatic changes.
  • Rising Interest Expense on Long-Term Debt: Long-term debt interest expense increased from $18.1 million in Q4 2022 to $51.7 million in Q4 2024, which may pressure net interest margins if not offset by higher earning assets.
  • Negative Net Realized and Unrealized Capital Gains: Several quarters, such as Q4 2023 and Q2 2024, show significant negative capital gains, impacting total non-interest income and net income volatility.
  • Restructuring Charges: Restructuring expenses appeared intermittently, notably $9.6 million in Q4 2024 and $14.2 million in Q3 2024, which weigh on profitability.
  • Significant Fluctuations in Net Cash from Investing Activities: Large swings related to purchases and sales of investment securities reflect investment posture shifts that may affect liquidity.
  • Increased Short-Term Debt Levels: Short-term debt grew from $483.7 million in Q3 2022 to $566.3 million in Q3 2024, which could increase refinancing risk and interest costs.

Overall, Fulton Financial shows a generally positive trajectory with growing net interest income and net income, supported by strong operating cash flows and asset growth. However, investors should watch for rising interest expenses on long-term debt, variable non-interest income, and occasional restructuring costs which introduce some risk and volatility. The bank's stable capital position and commitment to dividends provide additional investor confidence amid these factors.

08/03/25 04:21 AMAI 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.

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:FULTP) was last updated on 8/3/2025 by MarketBeat.com Staff
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