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FULTON FINANCIAL CORP (FULT) Stock Fundamental Analysis

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

17.62  -0.33 (-1.84%)

After market: 17.62 0 (0%)

Fundamental Rating

3

FULT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 392 industry peers in the Banks industry. Both the profitability and financial health of FULT have multiple concerns. FULT has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

FULT had positive earnings in the past year.
In the past year FULT had a positive cash flow from operations.
In the past 5 years FULT has always been profitable.
Each year in the past 5 years FULT had a positive operating cash flow.
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 of 0.96%. This is in the better half of the industry: FULT outperforms 62.60% of its industry peers.
Looking at the Return On Equity, with a value of 9.45%, FULT is in the better half of the industry, outperforming 61.58% of the companies in the same industry.
Industry RankSector Rank
ROA 0.96%
ROE 9.45%
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

Looking at the Profit Margin, with a value of 23.99%, FULT is in line with its industry, outperforming 53.18% of the companies in the same industry.
In the last couple of years the Profit Margin of FULT has declined.
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) 23.99%
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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1

2. Health

2.1 Basic Checks

FULT does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FULT has been increased compared to 1 year ago.
The number of shares outstanding for FULT has been increased compared to 5 years ago.
FULT has a better debt/assets ratio than last year.
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 4.23. This is a neutral value as FULT would need 4.23 years to pay back of all of its debts.
FULT has a Debt to FCF ratio of 4.23. This is in the lower half of the industry: FULT underperforms 67.18% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that FULT is not too dependend on debt financing.
FULT has a worse Debt to Equity ratio (0.28) than 67.94% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.23
Altman-Z N/A
ROIC/WACCN/A
WACC15.51%
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 18.71%, which is quite good.
Measured over the past 5 years, FULT shows a small growth in Earnings Per Share. The EPS has been growing by 6.04% on average per year.
FULT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.26%.
The Revenue has been growing slightly by 7.41% on average over the past years.
EPS 1Y (TTM)18.71%
EPS 3Y4.31%
EPS 5Y6.04%
EPS Q2Q%12.77%
Revenue 1Y (TTM)12.26%
Revenue growth 3Y9.66%
Revenue growth 5Y7.41%
Sales Q2Q%5.46%

3.2 Future

Based on estimates for the next years, FULT will show a small growth in Earnings Per Share. The EPS will grow by 5.05% on average per year.
Based on estimates for the next years, FULT will show a small growth in Revenue. The Revenue will grow by 7.45% on average per year.
EPS Next Y2.45%
EPS Next 2Y5.05%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.05%
Revenue Next 2Y7.45%
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 stable: in the next years the growth will be about the same 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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4

4. Valuation

4.1 Price/Earnings Ratio

FULT is valuated reasonably with a Price/Earnings ratio of 8.68.
88.04% of the companies in the same industry are more expensive than FULT, based on the Price/Earnings ratio.
FULT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.82.
A Price/Forward Earnings ratio of 8.63 indicates a reasonable valuation of FULT.
Based on the Price/Forward Earnings ratio, FULT is valued a bit cheaper than the industry average as 67.94% of the companies are valued more expensively.
FULT is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.21, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.68
Fwd PE 8.63
FULT Price Earnings VS Forward Price EarningsFULT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, FULT is valued a bit more expensive than 61.58% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.99
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)3.54
PEG (5Y)1.44
EPS Next 2Y5.05%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.01%, FULT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.50, FULT pays a bit more dividend than its industry peers.
FULT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
Industry RankSector Rank
Dividend Yield 4.01%

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.
The dividend of FULT decreased recently.
Dividend Growth(5Y)6.62%
Div Incr Years1
Div Non Decr Years1
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

FULT pays out 44.70% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of FULT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP44.7%
EPS Next 2Y5.05%
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 (8/1/2025, 8:00:00 PM)

After market: 17.62 0 (0%)

17.62

-0.33 (-1.84%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-15 2025-07-15/amc
Earnings (Next)10-13 2025-10-13/amc
Inst Owners77.17%
Inst Owner Change-0.2%
Ins Owners1.11%
Ins Owner Change7.08%
Market Cap3.21B
Analysts76.92
Price Target20.2 (14.64%)
Short Float %2.98%
Short Ratio3.73
Dividend
Industry RankSector Rank
Dividend Yield 4.01%
Yearly Dividend0.76
Dividend Growth(5Y)6.62%
DP44.7%
Div Incr Years1
Div Non Decr Years1
Ex-Date07-01 2025-07-01 (0.18)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.75%
Min EPS beat(2)12.81%
Max EPS beat(2)18.68%
EPS beat(4)4
Avg EPS beat(4)23.47%
Min EPS beat(4)10.69%
Max EPS beat(4)51.7%
EPS beat(8)8
Avg EPS beat(8)13.26%
EPS beat(12)9
Avg EPS beat(12)6.65%
EPS beat(16)12
Avg EPS beat(16)8.99%
Revenue beat(2)0
Avg Revenue beat(2)-1.01%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)-0.86%
Revenue beat(4)1
Avg Revenue beat(4)-1.36%
Min Revenue beat(4)-4.02%
Max Revenue beat(4)0.6%
Revenue beat(8)3
Avg Revenue beat(8)-1.02%
Revenue beat(12)7
Avg Revenue beat(12)7.83%
Revenue beat(16)11
Avg Revenue beat(16)14.18%
PT rev (1m)0.25%
PT rev (3m)0.25%
EPS NQ rev (1m)-0.02%
EPS NQ rev (3m)-1.27%
EPS NY rev (1m)0.37%
EPS NY rev (3m)0.36%
Revenue NQ rev (1m)0.36%
Revenue NQ rev (3m)0.47%
Revenue NY rev (1m)1.25%
Revenue NY rev (3m)1.25%
Valuation
Industry RankSector Rank
PE 8.68
Fwd PE 8.63
P/S 2.49
P/FCF 14.99
P/OCF 12.16
P/B 0.98
P/tB 1.21
EV/EBITDA N/A
EPS(TTM)2.03
EY11.52%
EPS(NY)2.04
Fwd EY11.59%
FCF(TTM)1.18
FCFY6.67%
OCF(TTM)1.45
OCFY8.23%
SpS7.08
BVpS17.95
TBVpS14.5
PEG (NY)3.54
PEG (5Y)1.44
Profitability
Industry RankSector Rank
ROA 0.96%
ROE 9.45%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 23.99%
GM N/A
FCFM 16.61%
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-Score5
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.23
Debt/EBITDA N/A
Cap/Depr 80.56%
Cap/Sales 3.88%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 69.24%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC15.51%
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)18.71%
EPS 3Y4.31%
EPS 5Y6.04%
EPS Q2Q%12.77%
EPS Next Y2.45%
EPS Next 2Y5.05%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)12.26%
Revenue growth 3Y9.66%
Revenue growth 5Y7.41%
Sales Q2Q%5.46%
Revenue Next Year7.05%
Revenue Next 2Y7.45%
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 1Y-70.8%
FCF growth 3Y4.85%
FCF growth 5Y31.82%
OCF growth 1Y-64.85%
OCF growth 3Y6.76%
OCF growth 5Y26.68%