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Fulton Financial Corporation operates as the bank holding company for Fulton Bank that provides banking and financial products and services in the United States. It provides various checking accounts and savings deposit products, and certificates of deposit. The company also offers consumer loans products, including home equity loans and lines of credit; construction and jumbo residential mortgage loans; automobile, student, and personal loans; account overdraft protection; commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans. In addition, it offers 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 trust preferred securities; and sells various life insurance products. It provides its products and services through financial center locations, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. The company was founded in 1882 and is headquartered in Lancaster, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.3B | - | $392M | $284M | 11.9% | 11.4% | 35.6% |
| 2024 | $1.2B | - | $289M | $374M | 9.6% | 8.9% | 1.6% |
| 2023 | $1.1B | - | $284M | $330M | 11.1% | 7.3% | -0.9% |
| 2022 | $1.0B | - | $287M | $574M | 12.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,008.76 | 1,081.96 | 1,178.79 | 1,313.11 |
| Operating Revenue | - | 1,008.76 | 1,081.96 | 1,178.79 | 1,313.11 |
| Selling General And Administration | - | 376.32 | 405.49 | 464.67 | 473.11 |
| Interest Income | - | 864.84 | 1,273.24 | 1,582.20 | 1,616.87 |
| Interest Expense | - | 83.20 | 418.95 | 621.87 | 580.53 |
| Net Interest Income | - | 781.63 | 854.29 | 960.32 | 1,036.35 |
| Pretax Income | - | 347.02 | 348.72 | 344.63 | 485.59 |
| Tax Provision | - | 60.03 | 64.44 | 55.89 | 93.98 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -3.16 | -1.66 | -5.97 | -0.65 |
| Net Income Continuous Operations | - | 286.98 | 284.28 | 288.74 | 391.61 |
| Net Income From Continuing And Discontinued Operation | - | 286.98 | 284.28 | 288.74 | 391.61 |
| Net Income From Continuing Operation Net Minority Interest | - | 286.98 | 284.28 | 288.74 | 391.61 |
| Net Income | - | 286.98 | 284.28 | 288.74 | 391.61 |
| Net Income Common Stockholders | - | 276.73 | 274.03 | 278.50 | 381.36 |
| Net Income Including Noncontrolling Interests | - | 286.98 | 284.28 | 288.74 | 391.61 |
| Normalized Income | - | 302.10 | 291.59 | 319.57 | 394.32 |
| Diluted NI Availto Com Stockholders | - | 276.73 | 274.03 | 278.50 | 381.36 |
| Basic Average Shares | - | 164.12 | 165.24 | 175.52 | 181.62 |
| Diluted Average Shares | - | 165.47 | 166.77 | 177.22 | 183.29 |
| Reconciled Depreciation | - | 31.93 | 33 | 56.99 | 50.74 |
| Total Unusual Items | - | -18.28 | -8.97 | -36.80 | -3.36 |
| Total Unusual Items Excluding Goodwill | - | -18.28 | -8.97 | -36.80 | -3.36 |
| Preferred Stock Dividends | - | 10.25 | 10.25 | 10.25 | 10.25 |
| Special Income Charges | - | -18.28 | -8.97 | -36.80 | -3.36 |
| Other Special Charges | 33.25 | - | 6.49 | -19.33 | -0.10 |
| Restructuring And Mergern Acquisition | - | 18.28 | 3.20 | 56.12 | 3.45 |
| Gain On Sale Of Security | - | -0.03 | -0.73 | -20.28 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 1.73 | 2.94 | 17.83 | 22.46 |
| Depreciation And Amortization In Income Statement | - | 1.73 | 2.94 | 17.83 | 22.46 |
| General And Administrative Expense | - | 369.43 | 396.49 | 455.71 | 463.82 |
| Salaries And Wages | - | 356.88 | 377.42 | 432.82 | 443.55 |
| Insurance And Claims | - | 12.55 | 19.07 | 22.89 | 20.27 |
| Selling And Marketing Expense | - | 6.88 | 9 | 8.96 | 9.29 |
| Amortization | - | 1.73 | 2.94 | 17.83 | 22.46 |
| Amortization Of Intangibles Income Statement | - | 1.73 | 2.94 | 17.83 | 22.46 |
| Occupancy And Equipment | - | 70.23 | 72.41 | 87.21 | 84.30 |
| Professional Expense And Contract Services Expense | - | 9.12 | 8.39 | 10.86 | 5.49 |
| Other Non Interest Expense | - | 166 | 181 | 168.61 | 203.11 |
| Securities Amortization | 6.19 | - | - | - | - |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Fulton Financial Corporationthis co. | FULT | $4.2B | 10.70↓ discount | 1.27 | 11.9% | - |
| Radian Group Inc. | RDN | $4.5B | 7.67 | 0.93 | 12.2% | - |
| CleanSpark, Inc. | CLSK | $4.3B | 11.81 | 1.98 | 16.8% | 6.67 |
| MarketAxess Holdings Inc. | MKTX | $4.3B | 17.38 | 3.74 | 21.5% | 8.95 |
| ServisFirst Bancshares, Inc. | SFBS |
| - |
| - |
| - |
| - |
| - |
| - |
| $4.3B |
| 15.41 |
| 2.30 |
| 15.0% |
| - |
| Enova International, Inc. | ENVA | $4.2B | 13.55 | 3.12 | 23.1% | 19.25 |
| Sezzle Inc. | SEZL | $4.1B | 30.56 | 23.96 | 78.4% | 25.25 |
| United Community Banks, Inc. | UCB | $4.0B | 12.12 | 1.09 | 9.0% | - |
| Cathay General Bancorp | CATY | $3.9B | 12.38 | 1.33 | 10.8% | - |
| Peer Median | - | 12.96 | 2.14 | 15.9% | 14.10 | |