FULT - Fulton Financial Corp Stock Price, Fair Value and News

17.43USD+0.09 (+0.52%)Market Closed

Market Summary

USD17.43+0.09

Market Closed

0.52%

FULT Alerts

Big fall in Revenue (Y/Y)

FULT Stock Price

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FULT RSI Chart

FULT Valuation

Market Cap

3.2B

Price/Earnings (Trailing)

11.4

Price/Sales (Trailing)

3.04

EV/EBITDA

2.31

Price/Free Cashflow

6.74

FULT Price/Sales (Trailing)

FULT Profitability

EBT Margin

32.78%

Return on Equity

10.08%

Return on Assets

1.01%

Free Cashflow Yield

14.83%

FULT Fundamentals

FULT Revenue

Revenue (TTM)

1.0B

Rev. Growth (Yr)

-80.28%

Rev. Growth (Qtr)

-83.1%

FULT Earnings

Earnings (TTM)

277.9M

Earnings Growth (Yr)

-9.33%

Earnings Growth (Qtr)

-3.61%

Breaking Down FULT Revenue

Last 7 days

2.2%

Last 30 days

17.6%

Last 90 days

14.6%

Trailing 12 Months

61.7%

How does FULT drawdown profile look like?

FULT Financial Health

Debt/Equity

0.2

Debt/Cashflow

0.84

FULT Investor Care

Dividend Yield

3.79%

Dividend/Share (TTM)

0.66

Shares Dilution (1Y)

9.83%

Diluted EPS (TTM)

1.61

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.0B	0	0	0
2023	981.7M	1.1B	1.2B	1.3B
2022	711.5M	725.1M	774.7M	864.8M
2021	728.4M	724.4M	729.3M	723.4M
2020	899.0M	869.7M	840.4M	742.9M
2019	755.5M	752.4M	749.4M	746.3M
2018	0	0	0	758.5M

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Tracking the Latest Insider Buys and Sells of Fulton Financial Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 01, 2024	wenger e philip	sold (taxes)	-861,541	16.9	-50,978	-
May 01, 2024	chivinski beth ann l	sold (taxes)	-196,295	16.9	-11,615	interim cfo
May 01, 2024	snyder angela m	acquired	-	-	26,194	president
May 01, 2024	taylor bernadette m	acquired	-	-	12,727	sr executive vice president
May 01, 2024	myers curtis j	acquired	-	-	49,653	chairman & ceo
May 01, 2024	fiol andrew b	acquired	-	-	8,891	sr executive vice president
May 01, 2024	taylor bernadette m	sold (taxes)	-86,086	16.9	-5,093	sr executive vice president
May 01, 2024	mueller meg r	sold (taxes)	-195,204	16.9	-11,550	sevp
May 01, 2024	snyder angela m	sold (taxes)	-160,052	16.9	-9,470	president
May 01, 2024	myers curtis j	sold (taxes)	-364,892	16.9	-21,591	chairman & ceo

Which funds bought or sold FULT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 13, 2024	LOGAN CAPITAL MANAGEMENT INC	unchanged	-	-116,394	3,244,740	0.14%
May 13, 2024	NEUBERGER BERMAN GROUP LLC	reduced	-19.66	-47,142	162,904	-%
May 13, 2024	UBS Group AG	reduced	-27.17	-1,130,420	2,676,380	-%
May 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	added	2.76	-473,302	59,151,400	-%
May 13, 2024	Nuveen Asset Management, LLC	reduced	-2.21	-463,962	7,829,470	-%
May 13, 2024	TRUIST FINANCIAL CORP	added	0.1	-30,161	865,131	-%
May 13, 2024	BANK OF MONTREAL /CAN/	added	5.9	-1,370	286,119	-%
May 13, 2024	Ameritas Investment Partners, Inc.	unchanged	-	-9,222	257,068	0.01%
May 13, 2024	FULLER & THALER ASSET MANAGEMENT, INC.	added	6.21	1,278,200	51,771,000	0.23%
May 13, 2024	Continuum Advisory, LLC	new	-	3,712	3,712	-%

Are Funds Buying or Selling FULT?

Are funds buying FULT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FULT

No. of Funds

FULT Alerts

Big fall in Revenue (Y/Y)

Unveiling Fulton Financial Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.84%	19,444,753	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	7.3%	11,918,842	SC 13G/A
Jan 24, 2024	state street corp	5.43%	8,913,746	SC 13G/A
Jan 23, 2024	blackrock inc.	14.3%	23,546,315	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.3%	12,159,090	SC 13G/A
Feb 09, 2023	vanguard group inc	10.42%	17,444,943	SC 13G/A
Feb 03, 2023	state street corp	4.36%	7,294,518	SC 13G/A
Jan 26, 2023	blackrock inc.	13.5%	22,591,402	SC 13G/A
Jan 20, 2023	blackrock inc.	13.5%	22,591,402	SC 13G/A
Apr 08, 2022	vanguard group inc	10.03%	16,102,336	SC 13G/A

Recent SEC filings of Fulton Financial Corp

View All Filings

Date Filed	Form Type	Document
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	4/A	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading

Peers (Alternatives to Fulton Financial Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	578.6B	174.7B	10.22%	48.98%	11.49	3.31	53.11%	19.83%
BAC	301.1B	137.9B	7.57%	39.24%	12.03	2.18	56.12%	-12.56%
WFC	215.7B	85.8B	9.58%	59.61%	11.49	2.51	35.02%	26.14%
C	121.3B	125.0B	6.53%	38.07%	15.17	0.97	37.85%	-
CFG	16.6B	10.4B	9.93%	41.37%	11.58	1.59	26.22%	-33.87%
KEY	14.2B	8.1B	3.29%	57.35%	16.28	1.75	32.15%	-50.93%
MID-CAP
CMA	7.2B	4.2B	5.39%	57.43%	10.3	1.69	34.68%	-45.96%
ZION	6.6B	4.1B	9.56%	86.36%	10.46	1.61	32.93%	-30.73%
ABCB	3.5B	1.3B	10.65%	65.52%	12.2	2.63	30.60%	-12.99%
ASB	3.4B	2.0B	10.14%	49.70%	20.99	1.66	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	408.4M	152.4M	3.25%	44.20%	41.08	2.68	16.94%	-73.84%
AROW	397.6M	173.1M	8.57%	24.92%	13.63	2.3	26.54%	-34.86%
ACNB	287.5M	98.7M	3.12%	13.90%	9.77	2.91	6.27%	-22.90%
ASRV	45.4M	62.5M	10.88%	-6.69%	-15.37	0.73	18.83%	-145.18%

Fulton Financial Corp News

Latest updates

Fulton Financial Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-83.1%	57.00	338	330	315	290	268	234	190	173	178	184	177	185	184	179	181	199	281	208	210	47.00
EBITDA Margin	20.7%	1.17*	0.97*	1.05*	1.14*	1.24*	1.34*	1.39*	1.43*	1.43*	1.42*	1.37*	1.33*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.4%	207	212	214	213	216	226	216	179	161	166	171	162	164	162	154	153	161	159	161	165	163
Income Taxes	-18.8%	14.00	17.00	17.00	16.00	15.00	15.00	15.00	16.00	13.00	19.00	14.00	12.00	14.00	5.00	10.00	7.00	3.00	7.00	10.00	10.00	10.00
Earnings Before Taxes	-6.8%	76.00	81.00	89.00	96.00	83.00	97.00	86.00	86.00	78.00	80.00	90.00	77.00	87.00	56.00	71.00	46.00	29.00	55.00	72.00	70.00	67.00
EBT Margin	19.7%	0.33*	0.27*	0.30*	0.33*	0.36*	0.40*	0.43*	0.46*	0.46*	0.46*	0.42*	0.40*	-	-	-	-	-	-	-	-	-
Net Income	-3.6%	62.00	64.00	72.00	80.00	68.00	82.00	71.00	70.00	64.00	62.00	76.00	65.00	73.00	51.00	62.00	40.00	26.00	48.00	62.00	60.00	57.00
Net Income Margin	19.6%	0.27*	0.22*	0.25*	0.27*	0.30*	0.33*	0.34*	0.37*	0.37*	0.38*	0.36*	0.35*	-	-	-	-	-	-	-	-	-
Free Cashflow	366.4%	153	-57.40	203	171	46.00	78.00	532	92.00	-107	16.00	89.00	30.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																		(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Assets	0.3%	27,643	27,572	27,375	27,403	27,112	26,932	26,146	25,253	25,598	25,796	26,391	26,080	25,893	25,907	25,543	24,618	22,930	21,886
Cash Equivalents	-35.0%	357	550	420	505	567	682	529	450	1,158	1,639	2,471	1,904	1,662	1,848	1,538	1,059	856	518
Net PPE	-4.2%	214	223	216	216	216	225	221	212	218	220	228	228	229	231	237	240	237	240
Goodwill	-	-	-	-	-	-	-	-	538	538	538	537	537	537	537	535	535	535	535
Liabilities	0.3%	24,885	24,812	24,808	24,761	24,493	24,352	23,675	22,782	23,029	23,084	23,691	23,387	23,263	23,290	23,153	22,277	20,644	19,544
Short Term Borrowings	-	-	-	-	-	-	-	-	456	452	417	469	534	521	630	612	573	1,387	883
Long Term Debt	-	-	-	-	-	-	-	-	557	556	621	627	627	-	1,296	-	-	-	-
Shareholder's Equity	-0.1%	2,758	2,760	2,567	2,642	2,619	2,580	2,471	2,471	2,570	2,713	2,700	2,693	2,630	2,617	2,390	2,341	2,286	2,342
Retained Earnings	2.0%	1,651	1,619	1,585	1,542	1,492	1,451	1,407	1,363	1,320	1,282	1,258	1,208	1,168	1,121	1,100	1,059	1,041	1,079
Additional Paid-In Capital	0.1%	1,555	1,553	1,549	1,546	1,545	1,542	1,537	1,528	1,524	1,520	1,517	1,514	1,511	1,508	1,506	1,504	1,502	1,500
Float	-	-	-	-	1,900	-	-	-	2,200	-	-	-	2,500	-	-	-	1,600	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	366.4%	153	-57.40	203	171	46.00	78.00	532	92.00	-107	16.00	89.00	30.00	203	125	65.00	14.00	-46.88	84.00	-35.31	41.00	38.00
Share Based Compensation	-	-	-	-	-	-	-	-	-	3.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Cashflow From Investing	-2696.9%	-299	-10.72	-94.33	-366	-338	-610	-256	-380	-288	-235	243	134	-350	-107	-454	-1,410	-526	-396	-134	-195	-166
Cashflow From Financing	-123.0%	-45.39	197	-193	133	177	685	-196	-419	-83.94	-612	235	78.00	-38.41	292	869	1,599	912	231	270	213	124
Dividend Payments	-5.6%	29.00	30.00	30.00	27.00	28.00	38.00	27.00	27.00	25.00	38.00	25.00	25.00	23.00	28.00	21.00	21.00	21.00	28.00	22.00	22.00	21.00
Buy Backs	396.2%	30.00	6.00	30.00	-	40.00	-	-	-	-	18.00	26.00	-	-	-	-	-	40.00	-	48.00	58.00	6.00

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FULT Income Statement

2024-03-31

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest Income
Loans, including fees	$ 311,216	$ 260,651
Investment securities	25,122	25,521
Other interest income	3,328	3,648
Total Interest Income	339,666	289,820
Interest Expense
Deposits	103,574	41,620
Federal funds purchased	2,388	6,035
Federal Home Loan Bank advances	10,949	15,473
Senior debt and subordinated debt	5,305	5,344
Other borrowings and interest-bearing liabilities	10,513	5,761
Total Interest Expense	132,729	74,233
Net Interest Income	206,937	215,587
Provision for credit losses	10,925	24,544
Interest Income (Expense), after Provision for Loan Loss, Total	196,012	191,043
Non-Interest Income
Non-interest income before investment securities gains	57,140	51,730
Net Securities Gain Loss	0	23
Total Non-Interest Income	57,140	51,753
Non-Interest Expense
Salaries and employee benefits	95,481	89,283
Data processing and software	17,661	15,796
Net occupancy	16,149	14,438
Other outside services	13,283	10,126
Equipment	4,040	3,389
FDIC insurance	6,104	4,795
Professional fees	2,088	2,392
Marketing	1,912	1,886
Intangible amortization	573	674
Other	20,309	16,837
Total Non-Interest Expense	177,600	159,616
Income Before Income Taxes	75,552	83,180
Income taxes	13,611	14,866
Net Income	61,941	68,314
Preferred stock dividends	(2,562)	(2,562)
Net Income Available to Common Shareholders	$ 59,379	$ 65,752
PER SHARE:
Net Income (Basic) (in dollars per share)	$ 0.36	$ 0.39
Net Income (Diluted) (in dollars per share)	0.36	0.39
Cash Dividends (in dollars per share)	$ 0.17	$ 0.15
Commercial banking
Non-Interest Income
Non-interest income before investment securities gains	$ 18,829	$ 17,513
Consumer banking
Non-Interest Income
Non-interest income before investment securities gains	11,668	11,217
Wealth management
Non-Interest Income
Non-interest income before investment securities gains	20,155	18,062
Mortgage banking
Non-Interest Income
Non-interest income before investment securities gains	3,090	1,970
Other
Non-Interest Income
Non-interest income before investment securities gains	$ 3,398	$ 2,968

FULT Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 247,581	$ 300,343
Interest-bearing deposits with other banks	109,752	249,367
Cash and cash equivalents	357,333	549,710
FRB and FHLB stock	121,637	124,405
Loans held for sale	10,624	15,158
AFS, at estimated fair value	2,526,969	2,398,352
HTM, at amortized cost	1,256,423	1,267,922
Net loans	21,444,483	21,351,094
Less: ACL - loans	(297,888)	(293,404)
Loans, net	21,146,595	21,057,690
Net premises and equipment	213,541	222,881
Accrued interest receivable	107,089	107,972
Goodwill and net intangible assets	560,114	560,687
Other assets	1,342,632	1,267,138
Total Assets	27,642,957	27,571,915
LIABILITIES
Noninterest-bearing	5,086,514	5,314,094
Interest-bearing	16,655,436	16,223,529
Total Deposits	21,741,950	21,537,623
Federal funds purchased	0	240,000
Federal Home Loan Bank advances	900,000	1,100,000
Senior debt and subordinated debt	535,566	535,384
Other borrowings	860,474	612,142
Total Borrowings	2,296,040	2,487,526
Accrued interest payable	26,362	35,083
Other liabilities	820,926	751,544
Total Liabilities	24,885,278	24,811,776
SHAREHOLDERS' EQUITY
Preferred stock, no par value, 10,000,000 shares authorized; Series A, 200,000 shares authorized and issued as of March 31, 2024 and December 31, 2023, liquidation preference of $1,000 per share	192,878	192,878
Common stock, $2.50 par value, 600,000,000 shares authorized, 225,900,447 shares issued as of March 31, 2024 and 225,760,963 shares issued as of December 31, 2023	564,751	564,402
Additional paid-in capital	1,554,624	1,552,860
Retained earnings	1,651,133	1,619,300
Accumulated other comprehensive loss	(319,468)	(312,280)
Treasury stock, at cost, 63,813,228 shares as of March 31, 2024 and 61,959,552 shares as of December 31, 2023	(886,239)	(857,021)
Total Shareholders' Equity	2,757,679	2,760,139
Total Liabilities and Shareholders' Equity	$ 27,642,957	$ 27,571,915

About Fulton Financial Corp

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

CEO	Mr. Curtis J. Myers
WEBSITE	fultonbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	3300

Fulton Financial Corp Frequently Asked Questions

What is the ticker symbol for Fulton Financial Corp? What does FULT stand for in stocks?

FULT is the stock ticker symbol of Fulton Financial Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Fulton Financial Corp (FULT)?

As of Tue May 14 2024, market cap of Fulton Financial Corp is 3.17 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FULT stock?

You can check FULT's fair value in chart for subscribers.

What is the fair value of FULT stock?

You can check FULT's fair value in chart for subscribers. The fair value of Fulton Financial Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Fulton Financial Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FULT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Fulton Financial Corp a good stock to buy?

The fair value guage provides a quick view whether FULT is over valued or under valued. Whether Fulton Financial Corp is cheap or expensive depends on the assumptions which impact Fulton Financial Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FULT.

What is Fulton Financial Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 14 2024, FULT's PE ratio (Price to Earnings) is 11.4 and Price to Sales (PS) ratio is 3.04. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FULT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Fulton Financial Corp's stock?

In the past 10 years, Fulton Financial Corp has provided 0.073 (multiply by 100 for percentage) rate of return.