Fulton Financial (FULT) AI Stock Analysis

• Market Cap: $3.43B
• Dividend Yield: 3.81%
• Average Volume (3M): 1.11M
• Price to Earnings (P/E): 11.1
• Beta (1Y): 1.24
• Revenue Growth: 21.37%
• EPS Growth: 5.62%
• Country: US
• Employees: 3,400
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 0.49
• Shares Outstanding: 181,794,510
• 10 Day Avg. Volume: 1,576,579
• 30 Day Avg. Volume: 1,110,458
• PEG Ratio: 0.88
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 30.95
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 0.84
• Enterprise Value/Gross Profit: 3.80
• Enterprise Value/Ebitda: 2.78
• 1Y Price Target: $20.50
• Price Target Upside: 8.58% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 70 Outperform
• Price Target: $19.50 ▲(3.28%Upside)

Fulton Financial's overall stock score is primarily driven by its strong financial performance and attractive valuation. Positive corporate events enhance this, though technical analysis and earnings call insights suggest caution due to mixed signals and potential revenue pressures.

Fulton Financial Business Overview & Revenue Model

Company Description

Fulton Financial Corporation (FULT) is a U.S.-based financial holding company headquartered in Lancaster, Pennsylvania. It operates through its subsidiary, Fulton Bank, which provides a range of banking products and services to consumers and businesses. Fulton Financial serves customers primarily in the mid-Atlantic region of the United States, offering a suite of services including consumer and commercial banking, wealth management, mortgage banking, and investment services.

How the Company Makes Money

Fulton Financial Corporation generates revenue primarily through interest income from its lending activities. This includes loans to individuals, such as mortgages and personal loans, as well as commercial loans to businesses. In addition to interest income, the company earns non-interest income from fees associated with various banking services, such as transaction fees, account maintenance fees, and service charges. Another significant source of revenue is its wealth management and investment services, which provide advisory, brokerage, and investment management services to clients. Partnerships with other financial service providers and a diversified portfolio of financial products also contribute to Fulton Financial's earnings.

Fulton Financial Financial Statement Overview

Summary

Fulton Financial shows strong profitability with a consistent gross profit margin and improved net profit margin. The balance sheet is healthy with favorable leverage ratios and ROE. However, challenges in revenue generation and cash flow management are noted.

Income Statement

The income statement shows strong profitability with a consistent gross profit margin of approximately 89%. The net profit margin for TTM is 18.29%, slightly improving from 16.03% in the previous year. Revenue growth is modest at 2.98% from 2022 to 2023. The EBIT margin remains strong at 24.21% for TTM. However, there is a slight decline in revenue from 2024 to TTM, indicating potential challenges in revenue generation.

Balance Sheet

Fulton Financial maintains a healthy balance sheet with an improving equity ratio of 10.19% in TTM. The debt-to-equity ratio is favorable at 0.51, showing manageable leverage. ROE is strong at 9.76% for TTM, although slightly declining from 9.03% in 2024. The company demonstrates stability with a consistent increase in stockholders' equity.

Cash Flow

Cash flow analysis reveals a decrease in operating cash flow in TTM compared to 2024, but free cash flow remains positive. The operating cash flow to net income ratio is 1.12, indicating efficient cash generation relative to income. Free cash flow growth rate is negative, highlighting challenges in cash flow management. The free cash flow to net income ratio of 0.69 suggests adequate cash generation to cover net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.52B	1.15B	1.03B	980.14M	997.16M	972.27M
Gross Profit	1.18B	1.13B	1.03B	980.14M	952.08M	781.67M
EBITDA	446.25M	401.62M	381.72M	378.95M	334.25M	231.57M
Net Income	319.79M	288.74M	284.28M	286.98M	275.50M	178.04M
Balance Sheet
Total Assets	32.13B	32.07B	27.57B	26.93B	25.80B	25.91B
Cash, Cash Equivalents and Short-Term Investments	3.53B	3.37B	2.93B	126.90M	1.59B	1.78B
Total Debt	1.66B	1.78B	2.49B	2.68B	1.45B	1.93B
Total Liabilities	28.86B	28.87B	24.81B	24.35B	23.08B	23.29B
Stockholders Equity	3.27B	3.20B	2.76B	2.58B	2.71B	2.62B
Cash Flow
Free Cash Flow	221.80M	374.11M	330.03M	577.02M	324.59M	137.13M
Operating Cash Flow	359.75M	416.56M	362.98M	598.27M	342.27M	157.37M
Investing Cash Flow	1.85B	1.63B	-809.22M	-1.54B	-210.09M	-2.50B
Financing Cash Flow	-1.45B	-1.53B	314.02M	-15.90M	-337.52M	3.67B

Fulton Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FULT, the sentiment is Positive. The current price of 18.88 is above the 20-day moving average (MA) of 17.59, above the 50-day MA of 17.35, and above the 200-day MA of 18.30, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 71.25 is Negative, neither overbought nor oversold. The STOCH value of 94.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FULT.

Fulton Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FBP	79 Outperform	$3.50B	11.77	18.55%	3.32%	4.91%	4.75%
FHB	79 Outperform	$3.30B	14.27	9.11%	3.97%	-0.36%	5.97%
RNST	78 Outperform	$3.60B	11.80	7.83%	2.32%	13.47%	31.39%
WSFS	76 Outperform	$3.31B	13.09	10.25%	1.17%	5.06%	-0.30%
CBU	73 Outperform	$3.13B	16.42	10.91%	3.11%	14.34%	12.98%
FULT	70 Outperform	$3.43B	11.09	10.60%	3.81%	21.37%	5.62%
Sector *	67 Neutral	$16.84B	11.72	9.71%	3.76%	11.61%	-9.60%

Fulton Financial Corporate Events

Fulton Financial Announces Board Member Retirement

On May 20, 2025, Fulton Financial Corporation, a company in the financial sector, held its Annual Meeting of Shareholders. During this meeting, Steven S. Etter, a director, retired from the Board of Directors as he reached the age limit set by the company’s Corporate Governance Guidelines, marking a significant change in the board’s composition.

The most recent analyst rating on (FULT) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Fulton Financial stock, see the FULT Stock Forecast page.

Fulton Financial Holds Annual Shareholder Meeting

On May 20, 2025, Fulton Financial Corporation held its Annual Meeting of Shareholders where all 11 director nominees were elected for a one-year term. Additionally, shareholders approved an advisory vote on executive compensation and ratified KPMG LLP as the independent auditor for the fiscal year ending December 31, 2025, indicating strong shareholder support for the company’s governance and financial oversight strategies.

The most recent analyst rating on (FULT) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Fulton Financial stock, see the FULT Stock Forecast page.

Fulton Financial Updates Strategy in New Presentation

On May 12, 2025, Fulton Financial Corporation released a new corporate presentation on its Investor Relations website, updating its strategy and performance overview. The presentation highlights Fulton’s robust market positioning, with a strong asset base and significant market share in key regions. The company is committed to technological investment and corporate social responsibility, aiming to drive growth and efficiency. The release also includes forward-looking statements about Fulton’s future financial performance and growth strategies, emphasizing the inherent uncertainties and risks involved.

The most recent analyst rating on (FULT) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Fulton Financial stock, see the FULT Stock Forecast page.

Fulton Financial Approves $25M Subordinated Notes Repurchase

On April 15, 2025, Fulton Financial Corporation’s Board approved a supplemental authorization to repurchase up to $25 million of its outstanding Subordinated Notes due 2030 under its $125 million share repurchase program. The program, which expires on December 31, 2025, allows for purchases based on market conditions and the company’s financial position. In the first quarter of 2025, Fulton Financial reported a net income of $90.4 million, an increase from the previous quarter, driven by a solid net interest margin and reduced non-interest expenses. The company saw a rise in customer deposits and maintained a strong capital position, reflecting a positive start to the year despite a decrease in net loans.