| Market cap | $2.88B |
|---|---|
| Enterprise value | $2.96B |
| Revenue | $1.038B |
|---|---|
| EBITDA | $343.936M |
| Income | $267.660M |
| Revenue Q/Q | 4.27% |
| Revenue Y/Y | 3.83% |
| P/E | 10.10 |
|---|---|
| Forward P/E | 8.27 |
| EV/Sales | 2.85 |
| EV/EBITDA | 8.59 |
| EV/EBIT | 8.66 |
| PEG | 1.22 |
| Price/Sales | 2.77 |
| P/FCF | 6.58 |
| Price/Book | 1.04 |
| Book/Share | 15.67 |
| Cash/Share | N/A |
| FCF yield | 15.19% |
| Volume | 1.071M / 1.503M |
|---|---|
| Relative vol. | 0.71 × |
| EPS | 1.62 |
|---|---|
| EPS Q/Q | -11.11% |
| Est. EPS Q/Q | 35.14% |
| Profit margin | 27.66% |
|---|---|
| Oper. margin | 32.85% |
| Gross margin | 100.00% |
| EBIT margin | 32.85% |
| EBITDA margin | 33.13% |
| Ret. on assets | 1.01% |
|---|---|
| Ret. on equity | 10.36% |
| ROIC | 1.28% |
| ROCE | 1.23% |
| Debt/Equity | 8.99 |
|---|---|
| Net debt/EBITDA | 23.38 |
| Current ratio | N/A |
| Quick ratio | N/A |
| Volatility | 1.96% |
|---|---|
| Beta | 1.03 |
| RSI | 47.90 |
|---|
| Insider ownership | 0.95% |
|---|---|
| Inst. ownership | 67.56% |
| Shares outst. | 181.761M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 2.78% |
| Short ratio | 5.07 |
| Dividend | $0.67 |
|---|---|
| Dividend yield | 4.10% |
| Payout ratio | 41.36% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 16 Jul 2024 |
Friday, 26 April 2024
|
|
| Republic First Bank Seized, Sold To Fulton Financial | |
Friday, 9 February 2024
|
|
| Fulton Financial Corporation Names Betsy Chivinski as Interim Chief Financial Officer and Atul Malhotra as Chief Risk Officer | |
Thursday, 4 January 2024
|
|
| Zacks Insights: This Sector is Dominating the Top-Ranks | |
Wednesday, 3 January 2024
|
|
| Bank OZK Announces 2.7% Increase in Quarterly Dividend | |
Saturday, 23 December 2023
|
|
| Dividend Contenders List Ranked By Yield: Top 25 | |
Wednesday, 20 December 2023
|
|
| Fulton Financial Corporation Names Angela Snyder as President | |
Tuesday, 19 December 2023
|
|
| Fulton Financial Corporation Announces Increased Common Stock Dividend, Preferred Stock Dividend and $125 Million Repurchase Program | |
| Best Income Stocks to Buy for December 19th | |
Tuesday, 19 September 2023
|
|
| Fulton Financial Corporation Declares Quarterly Common and Preferred Dividends | |
Tuesday, 8 August 2023
|
|
| Fulton Bank Welcomes Two New Members to Board of Directors | |
Tuesday, 18 July 2023
|
|
| Fulton Financial Q2 Earnings and Revenues Surpass Estimates | |
| Fulton Financial Corporation Announces Second Quarter 2023 Results | |
Tuesday, 6 June 2023
|
|
| Fulton Bank Launches Diverse Business Banking Program | |
Thursday, 1 June 2023
|
|
| Fulton Bank Moves Forward With Fit-Out at 3.0 University Place With Opening Planned for Late Summer 2023 | |
Wednesday, 24 May 2023
|
|
| Fulton Bank Releases 2022 Corporate Social Responsibility Report | |
Monday, 1 May 2023
|
|
| Fulton Financial Advisors and Fulton Private Bank Hire Mark Hoffman, Ph.D., CFA, as Chief Investment Officer | |
Friday, 10 February 2023
|
|
| Investing in Fulton Financial five years ago would have delivered you a 9.4% gain | |
Tuesday, 31 January 2023
|
|
| Fulton Bank Invests $1 Million in Innovate Capital Growth Fund | |
Thursday, 26 January 2023
|
|
| Pennsylvania's Fulton Bank eyes D.C. expansion | |
Monday, 23 January 2023
|
|
| Operation HOPE and Fulton Bank Partnership Generates Nearly $1 Billion in Loans to Low- and Moderate-Income Homebuyers | |
Thursday, 19 January 2023
|
|
| Fulton Financial Corporation Q4 2022 Earnings Call Transcript | |
Wednesday, 4 January 2023
|
|
| Fulton Financial Corporation Announces Dates for Fourth Quarter 2022 Earnings Release and Webcast | |
Thursday, 29 December 2022
|
|
| 2022 in Review: 10 M&A deals that shook up the Greater Philadelphia banking and finance sectors in 2022 | |
Monday, 21 November 2022
|
|
| Fulton Financial Corporation Declares Special Cash Dividend | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| James R Iii Moxley | Option 1 Jun 2024 | $122,073 |
| E Philip Wenger | Option 1 Jun 2024 | $122,073 |
| Denise L Devine | Option 1 Jun 2024 | $122,073 |
| Angela M Snyder President | Option 22 May 2024 | $4,797 |
| Andrew B Fiol Sr Executive Vice President | Option 1 May 2024 | $150,258 |
| Angela M Sargent SEVP and Chief Info Officer | Option 1 May 2024 | $352,957 |
| Meg R Mueller SEVP | Option 1 May 2024 | $445,501 |
| Bernadette M Taylor Sr Executive Vice President | Option 1 May 2024 | $215,086 |
| E Philip Wenger | Option 1 May 2024 | $1,961,025 |
| Atul Malhotra Chief Risk Officer | Option 1 May 2024 | $67,718 |
| Beth Ann L Chivinski Interim CFO | Option 1 May 2024 | $441,918 |
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Price target
Current $16.35
Average $12.14
Low $10
High $14
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | -3.03% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 4.10% | Growth period | N/A |
| Last dividend date | Yield 3 years | 3.97% | Growth 3 years | -2.48% | |
| Last dividend | Yield 5 years | 4.01% | Growth 5 years | +4.24% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| E. Philip Wenger (62) Chairman of the Board and Chief Executive Officer since 2018 | 62 | 2018 | $3,043,560 |
| E. Philip Wenger (63) Chairman and CEO | 63 | $1,792,110 | |
| Curtis Myers (51) President, Chief Operating Officer, and Director since 2019 | 51 | 2019 | $1,390,560 |
| Mark McCollom (56) Chief Financial Officer and Senior Executive Vice President since 2018 | 56 | 2018 | $1,111,000 |
| Curtis J. Myers (52) Pres, COO, and Director | 52 | $907,560 | |
| Angela Snyder (55) Senior Executive Vice President and Head of Consumer Banking since 2018 | 55 | 2018 | $863,500 |
| Beth Chivinski (59) Senior Executive Vice President and Chief Risk Officer since 2016 | 59 | 2016 | $838,311 |
| Meg Mueller (55) Senior Executive Vice President – Head of Commercial Business since 2018 | 55 | 2018 | $785,019 |
| Mark R. McCollom (57) Sr. EVP and CFO | 57 | $716,787 | |
| Angela M. Snyder (56) Sr. Exec. VP, Head of Consumer, and Community Banking | 56 | $569,407 | |
| Beth Ann L. Chivinski (60) Sr. EVP and Chief Risk Officer | 60 | $559,311 | |
| James Moxley (59) Lead Independent Director since 2018 | 59 | 2018 | $168,250 |
| Ronald Spair (64) Independent Director since 2015 | 64 | 2015 | $142,500 |
| Denise Devine (65) Independent Director since 2012 | 65 | 2012 | $142,500 |
| Lisa Crutchfield (57) Independent Director since 2014 | 57 | 2014 | $142,500 |
| Mark Strauss (68) Independent Director since 2016 | 68 | 2016 | $137,000 |
| Scott Snyder (54) Independent Director since 2016 | 54 | 2016 | $136,250 |
| Ernest Waters (70) Independent Director since 2012 | 70 | 2012 | $135,125 |
| George Hodges (69) Independent Director since 2018 | 69 | 2018 | $130,000 |
| Patrick Freer (70) Independent Director since 1996 | 70 | 1996 | $130,000 |
| Jennifer Craighead Carey (51) Director since 2019 | 51 | 2019 | $108,667 |
| Carlos Graupera (70) Independent Director since 2019 | 70 | 2019 | $106,667 |
| Steven Etter (66) Independent Director since 2019 | 66 | 2019 | $106,667 |
| Jason Weber | 2016 | ||
| David Campbell (58) Senior Executive Vice President, Director of Strategic Initiatives, and Operations | 58 | ||
| Daniel Stolzer (63) Senior Executive Vice President, Chief Legal Officer, and Corporate Secretary since 2018 | 63 | 2018 | |
| Angela Sargent (52) Senior Executive Vice President and Chief Information Officer since 2013 | 52 | 2013 | |
| Bernadette Taylor (58) Chief Human Resource Officer and Senior Executive Vice President since 2015 | 58 | 2015 | |
| Natasha R. Luddington (46) Sr. EVP, Chief Legal Officer, and Corp. Sec. | 46 | ||
| Angela M. Sargent (53) Sr. EVP, Chief Information Officer, and Information Tech. Mang. | 53 | ||
| Laura J. Wakeley | |||
| Matthew Jozwiak | |||
| Anthony L. Cossetti |
fulton financial corporation is a $17+ billion regional financial holding company headquartered in lancaster, pennsylvania, providing a variety of financial services throughout our ten affiliates in pennsylvania, maryland, delaware, new jersey and virginia. we operate approximately 250 offices and atms. our flagship bank, fulton bank, was founded in 1882 and operates throughout south central pennsylvania, delaware and virginia. our corporation also provides a broad array of financial services through: fulton financial advisors, n.a. (trust, brokerage and investment management services) fulton mortgage company (residential mortgage services) as part of fulton financial corporation, our affiliate banks are able to offer a broad array of financial services while maintaining the strong personal relationships and community support our customers have come to expect and appreciate. our community-oriented style of banking enables us to be better listeners, and to satisfy and maintain lo
- Finance > Regional Banks
- Fulton Financial Corp., One Penn Square, Lancaster 17604, United States
- 717 291 2411
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | -3.03% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 4.10% | Growth period | N/A |
| Last dividend date | Yield 3 years | 3.97% | Growth 3 years | -2.48% | |
| Last dividend | Yield 5 years | 4.01% | Growth 5 years | +4.24% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $357.333 | $549.71 | |||
| Short term investments | |||||
| Net receivables | |||||
| Inventory | |||||
| Total current assets | |||||
| Long term investments | |||||
| Property, plant & equipment | $213.541 | $222.881 | |||
| Goodwill & intangible assets | $560.114 | $560.687 | |||
| Total noncurrent assets | |||||
| Total investments | $25,062.248 | $24,863.527 | |||
| Total assets | $27,642.957 | $27,571.915 | |||
| Current liabilities | |||||
| Accounts payable | |||||
| Deferred revenue | |||||
| Short long term debt | |||||
| Total current liabilities | |||||
| Long term debt | |||||
| Total noncurrent liabilities | |||||
| Total debt | $2,296.04 | $2,487.526 | |||
| Total liabilities | $24,885.278 | $24,811.776 | |||
| Stockholders' equity | |||||
| Retained earnings | $1,651.133 | $1,619.3 | |||
| Other stockholder equity | -$319.468 | -$312.28 | |||
| Total stockholder equity | $2,757.679 | $2,760.139 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $549.71 | $681.921 | ||
| Short term investments | ||||
| Net receivables | ||||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $222.881 | $225.141 | ||
| Goodwill & intangible assets | $560.687 | $560.824 | ||
| Total noncurrent assets | ||||
| Total investments | $24,863.527 | $24,115.654 | ||
| Total assets | $27,571.915 | $26,931.702 | ||
| Current liabilities | ||||
| Accounts payable | ||||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $2,487.526 | $2,871.207 | ||
| Total liabilities | $24,811.776 | $24,351.945 | ||
| Stockholders' equity | ||||
| Retained earnings | $1,619.3 | $1,450.758 | ||
| Other stockholder equity | -$312.28 | -$385.476 | ||
| Total stockholder equity | $2,760.139 | $2,579.757 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $253.152 | $261.575 | |||
| Cost of revenue | |||||
| Gross profit | $253.152 | $261.575 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $115.63 | $117.773 | |||
| Total operating expenses | $177.6 | $180.551 | |||
| Operating income | $75.552 | $81.024 | |||
| Income from continuing operations | |||||
| EBIT | $75.552 | $81.024 | |||
| Income tax expense | $13.611 | $16.761 | |||
| Interest expense | |||||
| Net income | |||||
| Net income | $61.941 | $64.263 | |||
| Income (for common shares) | $59.379 | $61.701 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $1,027.928 | $980.743 | ||
| Cost of revenue | ||||
| Gross profit | $1,027.928 | $980.743 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $452.832 | $429.087 | ||
| Total operating expenses | $679.207 | $633.728 | ||
| Operating income | $348.721 | $347.015 | ||
| Income from continuing operations | ||||
| EBIT | $348.721 | $347.015 | ||
| Income tax expense | $64.441 | $60.034 | ||
| Interest expense | ||||
| Net income | ||||
| Net income | $284.28 | $286.981 | ||
| Income (for common shares) | $274.032 | $276.733 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $61.941 | $64.263 | |||
| Operating activities | |||||
| Depreciation | $8.369 | $8.44 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | $0.836 | $4.569 | |||
| Total cash flows from operations | $152.901 | -$57.404 | |||
| Investing activities | |||||
| Capital expenditures | -$1.769 | -$15.098 | |||
| Investments | -$298.355 | $2.212 | |||
| Total cash flows from investing | -$299.888 | -$10.722 | |||
| Financing activities | |||||
| Dividends paid | -$28.703 | -$30.415 | |||
| Sale and purchase of stock | -$29.346 | -$5.447 | |||
| Net borrowings | -$191.668 | $117.204 | |||
| Total cash flows from financing | -$45.39 | $197.376 | |||
| Effect of exchange rate | |||||
| Change in cash and equivalents | -$192.377 | $129.25 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $284.28 | $286.981 | ||
| Operating activities | ||||
| Depreciation | $32.999 | $31.932 | ||
| Business acquisitions & disposals | -$21.811 | |||
| Stock-based compensation | $12.54 | $14 | ||
| Total cash flows from operations | $362.984 | $598.266 | ||
| Investing activities | ||||
| Capital expenditures | -$32.958 | -$21.246 | ||
| Investments | -$778.521 | -$1,496 | ||
| Total cash flows from investing | -$809.215 | -$1,539.058 | ||
| Financing activities | ||||
| Dividends paid | -$115.738 | -$116.009 | ||
| Sale and purchase of stock | -$73.896 | $7.876 | ||
| Net borrowings | -$384.431 | $1,548.374 | ||
| Total cash flows from financing | $314.02 | -$15.901 | ||
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$132.211 | -$956.693 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q1 | Ameriprise Financial Inc |
-5.27%
|
1,646,953 | $26,177,570 |
| 2024 Q1 | Lsv Asset Management |
-4.64%
|
1,235,875 | $19,638 |
| 2024 Q1 | Bank Of New York Mellon Corp |
-2.10%
|
1,974,297 | $31,371,585 |
| 2024 Q1 | Bnp Paribas Financial Markets |
+78.85%
|
83,162 | $1,321,444 |
| 2024 Q1 | Amalgamated Bank |
-15.05%
|
52,111 | $828 |
| 2024 Q1 | Emc Capital Management |
+43.47%
|
22,607 | $359 |
| 2024 Q1 | Covestor Ltd |
-62.28%
|
3,139 | $49 |
| 2024 Q1 | Russell Investments |
+5.51%
|
72,770 | $1,156,313 |
| 2024 Q1 | Neuberger Berman Group |
-19.66%
|
10,252 | $162,904 |
| 2024 Q1 | American International Group, Inc |
-0.90%
|
86,867 | $1,380,317 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Geode Capital Management | 1.99% | 3,621,987 | |
| Bank Of New York Mellon Corp | 1.09% | 1,974,297 | |
| Ameriprise Financial Inc | 0.91% | 1,646,953 | |
| Lsv Asset Management | 0.68% | 1,235,875 | |
| Hillcrest Asset Management | 0.42% | 762,610 | |
| Tiaa Cref Investment Management | 0.27% | 482,584 | |
| New York State Common Retirement Fund | 0.26% | 481,128 | |
| Parametric Portfolio Associates | 0.24% | 434,938 | |
| New York State Teachers Retirement System | 0.12% | 224,700 | |
| California State Teachers Retirement System | 0.09% | 172,537 |
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