Pricing Log in Create free account
Friday 6 November 2026 Export FULT’s income statement to Excel — free account

Fulton Financial Corporation

FULT Financial Banks Regional

Fulton Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 1.92% from fiscal 2024.

Revenue
+7.63%
EPS
+11.1%
Free cash flow
+6.85%
Total debt
−52.7%

Quarter to September 2026, against a year earlier

23.84 0.47 −1.93%
Market cap
$4.5B
P/E
11.0×
Fwd P/E
10.7×
Dividend yield
3.19%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.39
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 — — 1 1 — 1 2 — — —
Insider Ownership 1.00%

Capital & Financial Ratios $m

Size
Market Cap 4,540.00
Revenue ttm 1,958.88
Net income ttm 396.60
Free cash flow ttm 412.21
Net debt Q (1,241.97)
Valuation
P/E 11.04
Forward P/E 10.70
Price / sales 2.32
Forward P/S Powerpack
Price / FCF 11.03
Price / book 1.25
Financial health
Current ratio Q 0.90
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q +7.63% (above 0%: growing)
Operating income growth Q +14.59% (above 0%: growing)
EPS, this year +5.30%
EPS, next year A +9.03%
Revenue, next year A −23.74% (below 0%: weak)
EPS, past 5 yrs +14.01%
EPS, next 5 yrs A +6.76%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 45.03%
10-year low 10-year high
P/S against its own 10 years 39.68%
10-year low 10-year high
P/B against its own 10 years 74.37%
10-year low 10-year high

Dividends raised 5 years running

Yield
3.19%
Annual rate
0.76
Payout ratio
35.4%
Growth, 2017–25
+6.53%/yr
  1. 0.44 ’17
  2. 0.48 ’18 +9
  3. 0.52 ’19 +8
  4. 0.52 ’20 +0
  5. 0.56 ’21 +8
  6. 0.60 ’22 +7
  7. 0.64 ’23 +7
  8. 0.69 ’24 +8
  9. 0.73 ’25 +6
  10. 0.76 ’26e +4
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 550 1,064 1,062 1,242
Receivables — — — —
Inventory — — — —
Other — — — —
21,731 24,872 24,972 26,984
2023 2024 2025 Q'26
Payables 21,538 26,129 26,589 28,821
ST’ Debt — — — —
Other — — — —
22,960 27,093 27,654 30,054

Compound Annual Growth %

10y 5y 3y
Sales 9.48% 14.26% 20.14%
Cash Flow 5.54% 14.11% (20.00%)
Earnings 9.82% 16.74% 11.28%
Book Value 5.51% 5.93% 10.60%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.55 Actual 0.62

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.52 0.55 Beat by 0.03
Q1 FY26 0.50 0.55 Beat by 0.05
Q2 FY26 0.53 0.60 Beat by 0.07
Q3 FY26 0.55 0.62 Beat by 0.07
Q4 FY26 0.58 — Reports 20 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.51 0.52 0.59 — —
’25 0.49 0.53 0.53 0.53 2.08
’24 0.36 0.52 0.33 0.36 1.57
’23 0.39 0.46 0.42 0.37 1.64
’22 0.38 0.42 0.40 0.47 1.67
’21 0.43 0.38 0.45 0.37 1.62
’20 0.16 0.24 0.38 0.30 1.08
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 460 507 518 — —
’25 467 472 481 473 1,894
’24 397 494 487 480 1,858
’23 342 375 386 398 1,501
’22 228 249 293 322 1,092
’21 280 229 247 242 997
’20 254 237 242 239 972
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 115 100 — — —
’25 1 92 116 96 304
’24 153 158 (22) 128 417
’23 46 171 203 (57) 363
’22 (108) 92 532 78 595
’21 203 30 89 16 338
’20 (47) 14 65 125 157
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 113 94 — — —
’25 (9) 88 115 90 284
’24 151 156 (20) 87 374
’23 44 162 197 (73) 330
’22 (113) 91 528 67 574
’21 199 24 82 16 321
’20 (51) 5 60 123 137
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 793 877 954 1,041 972 997 1,092 1,501 1,858 1,894 1,959 +10.2% 1,444 1,525 1,598 (5.5%)
Gross margin, % 89.62 89.34 86.58 83.01 88.31 94.01 92.38 72.09 66.53 69.34 71.40 (20.3) pt
EBT 208 234 233 264 202 334 347 349 345 486 510 +9.9%
EBT margin, % 26.25 26.74 24.42 25.35 20.80 33.52 31.78 23.23 18.55 25.64 26.02 (0.6) pt
Net income 162 172 208 226 178 275 287 284 289 392 397 +10.3%
Per share, $
Per share, $ Revenue 4.58 5.02 5.44 6.24 5.99 6.15 6.65 9.08 10.59 10.43 10.28 +9.6%
Earnings 0.93 0.98 1.19 1.39 1.08 1.63 1.69 1.66 1.59 2.10 2.16 +9.5%
Cash flow 1.30 1.65 1.69 0.77 0.97 2.09 3.62 2.20 2.37 1.68 0.00 +2.8%
Capex (0.11) (0.19) (0.23) (0.20) (0.12) (0.11) (0.13) (0.20) (0.24) (0.11) 0.00 (0.3%)
Free cash flow 1.19 1.46 1.46 0.56 0.84 1.98 3.49 2.00 2.13 1.57 0.00 +3.1%
Book value 12.24 12.76 12.81 14.03 16.12 16.72 15.72 16.70 18.22 19.22 19.34 +5.1%
Shares, m 173 175 175 167 162 162 164 165 176 182 186 +0.5%
Valuation, ×
Valuation, × P/E 20.32 18.27 13.12 12.45 11.78 10.43 10.04 10.01 12.20 9.20 11.04 12.8
P/S 4.13 3.57 2.85 2.79 2.12 2.77 2.53 1.82 1.82 1.85 2.32 2.6
P/B 1.54 1.40 1.21 1.24 0.85 1.09 1.16 1.06 1.13 1.06 1.25 1.2
EV/Sales 4.86 4.29 3.42 3.14 1.56 1.75 3.05 2.19 1.71 1.43 — 2.7
EV/FCF 18.67 14.78 12.69 34.82 11.04 5.45 5.81 9.94 8.47 9.49 — 13.1
Cash, $m
Cash, $m Operating cash flow 226 288 297 128 157 338 595 363 417 304 426 +3.4%
Capex (20) (33) (40) (34) (20) (18) (21) (33) (42) (20) (14) +0.3%
Free cash flow 206 255 257 94 137 321 574 330 374 284 412 +3.6%
Balance, $m
Balance, $m Working capital (606) (339) (605) (996) (852) (2,810) (1,490) (1,230) (2,221) (2,682) (3,070) +18.0%
Net debt 577 636 547 364 (552) (1,010) 568 550 (214) (812) (1,242) n/m
Shareholders’ equity 2,121 2,230 2,248 2,342 2,617 2,713 2,580 2,760 3,197 3,490 3,687 +5.7%
Returns, %
Returns, % ROA 0.88 0.88 1.02 1.06 0.74 1.03 1.05 1.01 0.93 1.19 1.21 +0.3 pt
ROIC 4.82 5.11 5.21 6.10 6.12 12.27 7.10 6.58 8.01 11.36 13.51 +6.5 pt
ROE 7.76 7.89 9.31 9.86 7.38 10.73 11.28 11.06 10.00 12.10 0.00 +4.3 pt
People
People Employees 3,490 3,569 3,500 3,500 3,300 3,200 3,300 3,400 3,400 3,400 — (0.3%)
Revenue/emp, $m 0.23 0.25 0.27 0.30 0.29 0.31 0.33 0.44 0.55 0.56 — +10.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Fulton Financial Corporation vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TFSL TFS Financial Corporation $4.6B 45.8× 46.1× +5.82% (above 0%: growing) +37.50% (above 0%: growing) +16.04% (above 0%: growing) 42.51% 0.00% Compare
FULT Fulton Financial Corporation $4.5B 11.0× 10.7× +7.63% (above 0%: growing) +11.11% (above 0%: growing) +6.85% (above 0%: growing) 70.88% 0.00%
SFBS ServisFirst Bancshares, Inc. $4.5B 13.2× 12.7× +6.42% (above 0%: growing) +33.33% (above 0%: growing) +141.10% (above 0%: growing) 63.94% 0.00% Compare
TCBI Texas Capital Bancshares, Inc. $4.5B 13.1× 13.3× +1.82% (above 0%: growing) +4.07% (above 0%: growing) +28.99% (above 0%: growing) 66.19% 0.00% Compare
UCB United Community Banks, Inc. $4.4B 31.1× 28.2× −74.97% (below 0%: shrinking) n/m +43.32% (above 0%: growing) (12.04%) 0.00% Compare
FFIN First Financial Bankshares, Inc. $4.4B 15.1× 15.0× +5.01% (above 0%: growing) +40.54% (above 0%: growing) +10.90% (above 0%: growing) 77.51% 0.00% Compare
FLG Flagstar Bank, National Association $4.3B 70.7× 91.9× −9.46% (below 0%: shrinking) n/m −42.53% (below 0%: shrinking) 48.98% 0.00% Compare
IBOC International Bancshares Corporation $4.3B 10.1× 10.5× +2.82% (above 0%: growing) +5.75% (above 0%: growing) +9.70% (above 0%: growing) 81.66% 0.00% Compare
CATY Cathay General Bancorp $4.2B 11.8× 11.5× +9.21% (above 0%: growing) +26.55% (above 0%: growing) +272.48% (above 0%: growing) 65.64% 0.00% Compare
Median of peers $4.4B 14.2× 14.2× +3.92% +29.94% +22.52% 64.79% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 1 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.18m 5.73m 183.57
2024 3.34m 4.34m 177.10
2023 2.31m 2.86m 146.02
2022 4.92m 5.54m 142.98
2021 4.21m 5.37m 138.94
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Fulton Financial Corporation (FULT) Latest News

29 Oct

Impact 4 · · The Motley Fool

27 Oct

Impact 3 · · Zacks

24 Oct

Impact 3 · · Simply Wall St.

23 Oct

Impact 4 · · StockStory
Impact 4 · · PR Newswire
Impact 3 · · StockStory

22 Oct

Impact 4 · · MarketBeat
Impact 4 · · Moby transcript
Impact 3 · · The Motley Fool transcript

21 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press

20 Oct

Impact 3 · · StockStory

15 Oct

Impact 3 · · Zacks

14 Oct

Impact 3 · · Zacks

8 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

7 Oct

Impact 3 · · PR Newswire
Impact 3 · · Zacks

6 Oct

Impact 3 · · StockStory

29 Sep

Impact 3 · · Zacks

21 Sep

Impact 3 · · Zacks

17 Sep

Impact 3 ·

25 Jul

Impact 4 ·

24 Jul

Impact 4 · transcript
Impact 3 ·

23 Jul

Impact 3 · · MarketBeat
Impact 3 · · Moby transcript

22 Jul

Impact 3 ·

FULT metrics, ten years each

stockrow.com/FULT · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com