Fulton Financial Corporation (FULT) vs United Community Banks, Inc. (UCB)

Fulton Financial Corporation and United Community Banks, Inc. are both Banks Regional companies. Fulton Financial Corporation and United Community Banks, Inc. are of similar size ($4.4B and $4.1B). Fulton Financial Corporation trades at the lower P/E: 11.1× against 11.2×. United Community Banks, Inc. grew revenue faster over the last twelve months: 3.25% against 0.82%. United Community Banks, Inc. has the higher net margin (24.0% vs 20.1%) and the lower return on invested capital (7.68% vs 10.3%). Both pay a dividend; Fulton Financial Corporation yields more (4.63% vs 3.51%). Across the 20 metrics below, Fulton Financial Corporation leads on 13 and United Community Banks, Inc. on 7.

Valuation

Metric FULT UCB Banks Regional median
P/E 11.06 11.20 12.15
P/S 2.31 2.67 2.37
P/B 1.23 1.10 1.21
Price to free cash flow 10.79 11.42 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.94 2.85 2.27
Earnings yield 9.04% 8.93% 8.11%
Free cash flow yield 9.27% 8.76% 8.98%

Profitability

Metric FULT UCB Banks Regional median
Gross margin 71.07% 71.94% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.10% 24.00% 18.66%
Free cash flow margin 21.45% 23.39% 21.18%
Return on equity 11.43% 10.20% 10.64%
Return on assets 1.16% 1.30% 1.13%
Return on invested capital 10.26% 7.68% 8.33%

Growth

Metric FULT UCB Banks Regional median
Revenue growth (TTM) 0.82% 3.25% 6.61%
EPS growth (last fiscal year) 32.48% 28.43% —
Revenue growth, 5-year CAGR 14.26% 16.57% 12.30%
Net income growth, 5-year CAGR 16.74% 14.84% 9.71%

Health

Metric FULT UCB Banks Regional median
Debt to equity 0.14 0.22 0.22
Current ratio 0.92 0.83 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FULT UCB Banks Regional median
Dividend yield 4.63% 3.51% 3.75%
Payout ratio 0.35 0.36 0.27

Size

Metric FULT UCB Banks Regional median
Market cap 4.40b 4.09b 921.07m

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