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FULTON FINANCIAL CORP (FULT) Stock Fundamental Analysis

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

17.24  +0.01 (+0.06%)

Fundamental Rating

3

FULT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 395 industry peers in the Banks industry. Both the profitability and financial health of FULT have multiple concerns. FULT is not valued too expensively and it also shows a decent growth rate.


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.
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 better Return On Assets (0.96%) than 63.29% of its industry peers.
FULT's Return On Equity of 9.45% is fine compared to the rest of the industry. FULT outperforms 61.27% of its industry peers.
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

FULT has a Profit Margin (23.99%) which is comparable to the rest of the industry.
FULT's Profit Margin has declined in the last couple of years.
FULT does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
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.
FULT has more shares outstanding than it did 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

The Debt to FCF ratio of FULT is 4.23, which is a neutral value as it means it would take FULT, 4.23 years of fcf income to pay off all of its debts.
FULT's Debt to FCF ratio of 4.23 is on the low side compared to the rest of the industry. FULT is outperformed by 67.59% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that FULT is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.28, FULT is doing worse than 68.10% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.23
Altman-Z N/A
ROIC/WACCN/A
WACC16.09%
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

The Earnings Per Share has grown by an nice 15.88% over the past year.
The Earnings Per Share has been growing slightly by 6.04% on average over the past years.
The Revenue has grown by 19.62% in the past year. This is quite good.
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

Based on estimates for the next years, FULT will show a small growth in Earnings Per Share. The EPS will grow by 5.12% on average per year.
FULT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.02% yearly.
EPS Next Y2.07%
EPS Next 2Y5.12%
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

The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 8.75, the valuation of FULT can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of FULT indicates a rather cheap valuation: FULT is cheaper than 89.37% of the companies listed in the same industry.
FULT is valuated cheaply when we compare the Price/Earnings ratio to 26.17, which is the current average of the S&P500 Index.
FULT is valuated reasonably with a Price/Forward Earnings ratio of 8.43.
FULT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FULT is cheaper than 70.38% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FULT to the average of the S&P500 Index (22.10), we can say FULT is valued rather cheaply.
Industry RankSector Rank
PE 8.75
Fwd PE 8.43
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 more expensive than 60.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.62
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)4.23
PEG (5Y)1.45
EPS Next 2Y5.12%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.17%, FULT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.45, FULT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, FULT pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.17%

5.2 History

On average, the dividend of FULT grows each year by 6.62%, which is quite nice.
FULT has paid a dividend for at least 10 years, which is 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

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 2Y5.12%
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 (5/29/2025, 12:23:47 PM)

17.24

+0.01 (+0.06%)

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 Change-0.8%
Ins Owners0.95%
Ins Owner Change6.32%
Market Cap3.13B
Analysts76.92
Price Target20.15 (16.88%)
Short Float %2.68%
Short Ratio3.11
Dividend
Industry RankSector Rank
Dividend Yield 4.17%
Yearly Dividend0.76
Dividend Growth(5Y)6.62%
DP44.7%
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)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%
PT rev (3m)-15.05%
EPS NQ rev (1m)-1.57%
EPS NQ rev (3m)-2.12%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)-0.99%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-0.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.29%
Valuation
Industry RankSector Rank
PE 8.75
Fwd PE 8.43
P/S 2.43
P/FCF 14.62
P/OCF 11.85
P/B 0.96
P/tB 1.18
EV/EBITDA N/A
EPS(TTM)1.97
EY11.43%
EPS(NY)2.04
Fwd EY11.86%
FCF(TTM)1.18
FCFY6.84%
OCF(TTM)1.45
OCFY8.44%
SpS7.1
BVpS18.01
TBVpS14.55
PEG (NY)4.23
PEG (5Y)1.45
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
WACC16.09%
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 Y2.07%
EPS Next 2Y5.12%
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 1Y-70.8%
FCF growth 3Y4.85%
FCF growth 5Y31.82%
OCF growth 1Y-64.85%
OCF growth 3Y6.76%
OCF growth 5Y26.68%