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FULTON FINANCIAL CORP (FULT) Stock Fundamental Analysis

NASDAQ:FULT - Nasdaq - US3602711000 - Common Stock - Currency: USD

16.69  +0.09 (+0.54%)

After market: 16.69 0 (0%)

Fundamental Rating

3

Taking everything into account, FULT scores 3 out of 10 in our fundamental rating. FULT was compared to 398 industry peers in the Banks industry. FULT has a bad profitability rating. Also its financial health evaluation is rather negative. FULT has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year FULT was profitable.
FULT had a positive operating cash flow in the past year.
Each year in the past 5 years FULT has been profitable.
In the past 5 years FULT always reported a positive cash flow from operatings.
FULT Yearly Net Income VS EBIT VS OCF VS FCFFULT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

1.2 Ratios

FULT has a Return On Assets (0.87%) which is in line with its industry peers.
The Return On Equity of FULT (8.71%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 0.87%
ROE 8.71%
ROIC N/A
ROA(3y)0.96%
ROA(5y)0.92%
ROE(3y)9.79%
ROE(5y)9.17%
ROIC(3y)N/A
ROIC(5y)N/A
FULT Yearly ROA, ROE, ROICFULT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

The Profit Margin of FULT (22.53%) is comparable to the rest of the industry.
FULT's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for FULT so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 22.53%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-7.31%
PM growth 5Y-2.95%
GM growth 3YN/A
GM growth 5YN/A
FULT Yearly Profit, Operating, Gross MarginsFULT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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2

2. Health

2.1 Basic Checks

FULT does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FULT has more shares outstanding
Compared to 5 years ago, FULT has more shares outstanding
Compared to 1 year ago, FULT has an improved debt to assets ratio.
FULT Yearly Shares OutstandingFULT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
FULT Yearly Total Debt VS Total AssetsFULT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

FULT has a debt to FCF ratio of 2.49. This is a good value and a sign of high solvency as FULT would need 2.49 years to pay back of all of its debts.
With a Debt to FCF ratio value of 2.49, FULT perfoms like the industry average, outperforming 45.73% of the companies in the same industry.
A Debt/Equity ratio of 0.29 indicates that FULT is not too dependend on debt financing.
FULT's Debt to Equity ratio of 0.29 is on the low side compared to the rest of the industry. FULT is outperformed by 66.58% of its industry peers.
Although FULT does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 2.49
Altman-Z N/A
ROIC/WACCN/A
WACC16.12%
FULT Yearly LT Debt VS Equity VS FCFFULT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FULT Yearly Current Assets VS Current LiabilitesFULT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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4

3. Growth

3.1 Past

FULT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.88%, which is quite good.
FULT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.04% yearly.
Looking at the last year, FULT shows a quite strong growth in Revenue. The Revenue has grown by 19.62% in the last year.
Measured over the past years, FULT shows a small growth in Revenue. The Revenue has been growing by 7.41% on average per year.
EPS 1Y (TTM)15.88%
EPS 3Y4.31%
EPS 5Y6.04%
EPS Q2Q%30%
Revenue 1Y (TTM)19.62%
Revenue growth 3Y9.66%
Revenue growth 5Y7.41%
Sales Q2Q%18.75%

3.2 Future

FULT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.83% yearly.
The Revenue is expected to grow by 5.02% on average over the next years.
EPS Next Y2.08%
EPS Next 2Y5.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.73%
Revenue Next 2Y5.02%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FULT Yearly Revenue VS EstimatesFULT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
FULT Yearly EPS VS EstimatesFULT Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 8.47, the valuation of FULT can be described as very reasonable.
Based on the Price/Earnings ratio, FULT is valued cheaper than 88.69% of the companies in the same industry.
FULT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.79.
FULT is valuated reasonably with a Price/Forward Earnings ratio of 8.05.
FULT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FULT is cheaper than 79.40% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.38, FULT is valued rather cheaply.
Industry RankSector Rank
PE 8.47
Fwd PE 8.05
FULT Price Earnings VS Forward Price EarningsFULT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, FULT is valued a bit cheaper than the industry average as 76.88% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.13
EV/EBITDA N/A
FULT Per share dataFULT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FULT does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)4.07
PEG (5Y)1.4
EPS Next 2Y5.83%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.34%, FULT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.54, FULT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.47, FULT pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.34%

5.2 History

On average, the dividend of FULT grows each year by 6.62%, which is quite nice.
FULT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)6.62%
Div Incr Years0
Div Non Decr Years0
FULT Yearly Dividends per shareFULT Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

47.29% of the earnings are spent on dividend by FULT. This is a bit on the high side, but may be sustainable.
FULT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP47.29%
EPS Next 2Y5.83%
EPS Next 3YN/A
FULT Yearly Income VS Free CF VS DividendFULT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
FULT Dividend Payout.FULT Dividend Payout, showing the Payout Ratio.FULT Dividend Payout.PayoutRetained Earnings

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FULTON FINANCIAL CORP

NASDAQ:FULT (4/25/2025, 8:10:36 PM)

After market: 16.69 0 (0%)

16.69

+0.09 (+0.54%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-15 2025-04-15/amc
Earnings (Next)07-14 2025-07-14/amc
Inst Owners79.07%
Inst Owner Change0.09%
Ins Owners0.95%
Ins Owner Change-1.08%
Market Cap3.04B
Analysts76.92
Price Target20.15 (20.73%)
Short Float %2.71%
Short Ratio3.17
Dividend
Industry RankSector Rank
Dividend Yield 4.34%
Yearly Dividend0.76
Dividend Growth(5Y)6.62%
DP47.29%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-01 2025-04-01 (0.18)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.75%
Min EPS beat(2)10.69%
Max EPS beat(2)12.81%
EPS beat(4)4
Avg EPS beat(4)19.1%
Min EPS beat(4)1.2%
Max EPS beat(4)51.7%
EPS beat(8)7
Avg EPS beat(8)8.41%
EPS beat(12)9
Avg EPS beat(12)6.56%
EPS beat(16)12
Avg EPS beat(16)9.19%
Revenue beat(2)0
Avg Revenue beat(2)-2.44%
Min Revenue beat(2)-4.02%
Max Revenue beat(2)-0.86%
Revenue beat(4)1
Avg Revenue beat(4)-2.12%
Min Revenue beat(4)-4.22%
Max Revenue beat(4)0.6%
Revenue beat(8)4
Avg Revenue beat(8)1%
Revenue beat(12)8
Avg Revenue beat(12)10.43%
Revenue beat(16)12
Avg Revenue beat(16)17.51%
PT rev (1m)-0.72%
PT rev (3m)1.84%
EPS NQ rev (1m)-0.33%
EPS NQ rev (3m)5.88%
EPS NY rev (1m)-0.98%
EPS NY rev (3m)3.19%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)2.84%
Revenue NY rev (1m)3.73%
Revenue NY rev (3m)5.96%
Valuation
Industry RankSector Rank
PE 8.47
Fwd PE 8.05
P/S 2.46
P/FCF 8.13
P/OCF 7.3
P/B 0.95
P/tB 1.19
EV/EBITDA N/A
EPS(TTM)1.97
EY11.8%
EPS(NY)2.07
Fwd EY12.41%
FCF(TTM)2.05
FCFY12.3%
OCF(TTM)2.29
OCFY13.7%
SpS6.78
BVpS17.55
TBVpS14.06
PEG (NY)4.07
PEG (5Y)1.4
Profitability
Industry RankSector Rank
ROA 0.87%
ROE 8.71%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 22.53%
GM N/A
FCFM 30.27%
ROA(3y)0.96%
ROA(5y)0.92%
ROE(3y)9.79%
ROE(5y)9.17%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-7.31%
PM growth 5Y-2.95%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 2.49
Debt/EBITDA N/A
Cap/Depr 74.49%
Cap/Sales 3.43%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 134.33%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC16.12%
ROIC/WACCN/A
Cap/Depr(3y)80.27%
Cap/Depr(5y)73.99%
Cap/Sales(3y)2.86%
Cap/Sales(5y)2.56%
Profit Quality(3y)154.44%
Profit Quality(5y)132.75%
High Growth Momentum
Growth
EPS 1Y (TTM)15.88%
EPS 3Y4.31%
EPS 5Y6.04%
EPS Q2Q%30%
EPS Next Y2.08%
EPS Next 2Y5.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.62%
Revenue growth 3Y9.66%
Revenue growth 5Y7.41%
Sales Q2Q%18.75%
Revenue Next Year5.73%
Revenue Next 2Y5.02%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y13.36%
FCF growth 3Y4.85%
FCF growth 5Y31.82%
OCF growth 1Y14.76%
OCF growth 3Y6.76%
OCF growth 5Y26.68%