Saturday 17 October 2026 Export FULT’s income statement to Excel — free account

Fulton Financial Corporation

Fulton Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 1.92% from fiscal 2024. In the quarter to June 2026, revenue grew 7.53%, EPS fell 1.89%, free cash flow grew 6.85% and total debt fell 52.7%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five.

22.40 0.05 +0.22%

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Market cap: $4.3B
P/E: 10.7×
Fwd P/E: 11.1×
Dividend yield: 3.39%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.39

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	1	—	—	1	1	—	1	2	—	—

Insider Ownership 1.39%

Capital & Financial Ratios $m

Market Cap 4,270.00

Revenue 1,922.16

Net Income 396.60

Free Cash Flow 412.21

Net Debt (710.57)

Current Ratio 0.92

Debt/Equity 0.14

P/E ratio 10.67

Fwd P/E 11.10

P/S ratio 2.23

P/B ratio 1.18

Past 5Y EPS Growth 14.01%

This Y EPS Growth 1.12%

Next Y EPS Growth 11.15%

Next Y revenue growth (24.01%)

Next 5Y EPS Growth 6.63%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 39.29%

10-year low 10-year high

P/S against its own 10 years 38.15%

10-year low 10-year high

P/B against its own 10 years 60.45%

10-year low 10-year high

Dividends

Payout Ratio 0.36

Annual Dividend Rate 0.76

Annual Dividend Yield 3.39%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.76	0.19 0.19 0.19
2025	0.73	0.18 0.18 0.18 0.19
2024	0.69	0.17 0.17 0.17 0.18
2023	0.64	0.15 0.16 0.16 0.17
2022	0.60	0.15 0.15 0.15 0.06 0.15
2021	0.56	0.14 0.14 0.14 0.08 0.14
2020	0.52	0.13 0.13 0.13 0.04 0.13
2019	0.52	0.13 0.13 0.13 0.04 0.13
2018	0.48	0.12 0.12 0.12 0.04 0.12
2017	0.44	0.11 0.11 0.11 0.03 0.11
2016	0.39	0.09 0.10 0.10 0.02 0.10

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	550	1,064	1,062	1,263
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	21,731	24,872	24,972	26,970

	2023	2024	2025	Q'26
Payables	21,538	26,129	26,589	28,250
ST’ Debt	—	—	—	—
Other	—	—	—	—
	22,960	27,093	27,654	29,435

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	460	507	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.51	0.52	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	11.48	16.45	14.38	14.85	8.89	12.41	13.72	9.64	13.87	14.33	Analyst estimates 2026–2028 Powerpack
	High	19.45	19.90	19.55	18.00	17.62	18.41	19.17	17.50	22.49	21.40
People
People	Employees	3,490	3,569	3,500	3,500	3,300	3,200	3,300	3,400	3,400	3,400
	Revenue/emp, $m	0.23	0.25	0.27	0.30	0.29	0.31	0.33	0.44	0.55	0.56
Income, $m
Income, $m	Revenue	793	877	954	1,041	972	997	1,092	1,501	1,858	1,894
	Gross margin, %	89.62	89.34	86.58	83.01	88.31	94.01	92.38	72.09	66.53	69.34
	EBT	208	234	233	264	202	334	347	349	345	486
	EBT margin, %	26.25	26.74	24.42	25.35	20.80	33.52	31.78	23.23	18.55	25.64
	Net income	162	172	208	226	178	275	287	284	289	392
	Depreciation	38	39	38	38	42	47	44	42	2	(18)
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
	Earnings	0.93	0.98	1.19	1.39	1.08	1.63	1.69	1.66	1.59	2.10
	Cash flow	1.30	1.65	1.69	0.77	0.97	2.09	3.62	2.20	2.37	1.68
	Capex	(0.11)	(0.19)	(0.23)	(0.20)	(0.12)	(0.11)	(0.13)	(0.20)	(0.24)	(0.11)
	Free cash flow	1.19	1.46	1.46	0.56	0.84	1.98	3.49	2.00	2.13	1.57
	Book value	12.24	12.76	12.81	14.03	16.12	16.72	15.72	16.70	18.22	19.22
	Shares, m	173	175	175	167	162	162	164	165	176	182
Valuation, ×
Valuation, ×	P/E	20.32	18.27	13.12	12.45	11.78	10.43	10.04	10.01	12.20	9.20
	P/S	4.13	3.57	2.85	2.79	2.12	2.77	2.53	1.82	1.82	1.85
	P/B	1.54	1.40	1.21	1.24	0.85	1.09	1.16	1.06	1.13	1.06
	EV/Sales	4.86	4.29	3.42	3.14	1.56	1.75	3.05	2.19	1.71	1.43
	EV/FCF	18.67	14.78	12.69	34.82	11.04	5.45	5.81	9.94	8.47	9.49
Cash, $m
Cash, $m	Operating cash flow	226	288	297	128	157	338	595	363	417	304
	Capex	(20)	(33)	(40)	(34)	(20)	(18)	(21)	(33)	(42)	(20)
	Free cash flow	206	255	257	94	137	321	574	330	374	284
Balance, $m
Balance, $m	Working capital	(606)	(339)	(605)	(996)	(852)	(2,810)	(1,490)	(1,230)	(2,221)	(2,682)
	Total debt	929	1,038	992	882	1,296	629	1,250	1,100	850	250
	Net debt	577	636	547	364	(552)	(1,010)	568	550	(214)	(812)
	Shareholders’ equity	2,121	2,230	2,248	2,342	2,617	2,713	2,580	2,760	3,197	3,490
Returns, %
Returns, %	ROA	0.88	0.88	1.02	1.06	0.74	1.03	1.05	1.01	0.93	1.19
	ROIC	4.82	5.11	5.21	6.10	6.12	12.27	7.10	6.58	8.01	11.36
	ROE	7.76	7.89	9.31	9.86	7.38	10.73	11.28	11.06	10.00	12.10

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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	45.4×	49.0×	+5.82% (above 0%: growing)	+37.50% (above 0%: growing)	+16.04% (above 0%: growing)	42.51%	0.00%	Compare
FFIN First Financial Bankshares, Inc.	$4.5B	16.2×	15.9×	+7.84% (above 0%: growing)	+6.38% (above 0%: growing)	+25.95% (above 0%: growing)	77.89%	0.00%	Compare
SFBS ServisFirst Bancshares, Inc.	$4.3B	13.4×	12.3×	+6.36% (above 0%: growing)	+40.18% (above 0%: growing)	+141.10% (above 0%: growing)	64.14%	0.00%	Compare
FULT Fulton Financial Corporation	$4.3B	10.7×	11.1×	+7.53% (above 0%: growing)	−1.89% (below 0%: shrinking)	+6.85% (above 0%: growing)	71.64%	0.00%
IBOC International Bancshares Corporation	$4.2B	10.1×	11.2×	+0.96% (above 0%: growing)	−4.35% (below 0%: shrinking)	−3.33% (below 0%: shrinking)	81.33%	0.00%	Compare
FBP First BanCorp.	$4.2B	11.4×	10.8×	+4.63% (above 0%: growing)	+26.00% (above 0%: growing)	−5.21% (below 0%: shrinking)	81.89%	0.00%	Compare
UCB United Community Banks, Inc.	$4.1B	11.1×	11.3×	+0.18% (above 0%: growing)	+50.79% (above 0%: growing)	+43.32% (above 0%: growing)	72.97%	0.00%	Compare
BMA Macro Bank Inc.	$4.1B	14.0×	15.4×	+4.42% (above 0%: growing)	+17.44% (above 0%: growing)	+198.80% (above 0%: growing)	77.07%	0.00%	Compare
CATY Cathay General Bancorp	$4.0B	11.6×	10.6×	+3.12% (above 0%: growing)	+24.32% (above 0%: growing)	+272.48% (above 0%: growing)	63.72%	0.00%	Compare
Median of peers	$4.2B	12.5×	11.8×	+4.53%	+25.16%	+34.64%	75.02%	0.00%

All 323 Banks Regional stocks →

Fulton Financial Corporation (FULT) key facts

Strength: Fulton Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 1.92% from fiscal 2024.
Strength: Net income was $391.6 million, or $2.10 per share (basic), a net margin of 20.1%.
Fulton Financial Corporation (FULT) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, FULT traded at $22.40, a market capitalization of $4.3 billion.
At that price the stock trades at 10.7× trailing-twelve-month earnings and 2.2× sales; its P/E is higher than 39% of its own readings over the past ten years.
Fulton Financial Corporation pays an annual dividend of $0.76 per share, a yield of 3.39%, with a payout ratio of 36.4%.
Return on equity was 12.1% and debt-to-equity 0.14.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.