Fulton Financial (FULT) AI Stock Analysis

• Market Cap: $3.59B
• Dividend Yield: 3.66%
• Average Volume (3M): 1.47M
• Price to Earnings (P/E): 11.4
• Beta (1Y): 1.23
• Revenue Growth: 17.61%
• EPS Growth: 1.89%
• Country: US
• Employees: 3,400
• Sector: Financial
• Sector Strength: 77
• Industry: Banks - Regional
• EPS (TTM): 0.53
• Shares Outstanding: 182,104,340
• 10 Day Avg. Volume: 1,244,817
• 30 Day Avg. Volume: 1,471,205
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.37
• Enterprise Value/Revenue: 2.63
• Enterprise Value/Gross Profit: 4.16
• Enterprise Value/Ebitda: 11.03
• 1Y Price Target: $20.67
• Price Target Upside: 6.66% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 74 Outperform
• Price Target: $21.00 ▲(8.36% Upside)

Fulton Financial's strong earnings call performance and attractive valuation are the most significant factors supporting its stock score. While technical analysis shows mixed signals, the company's solid financial performance and strategic initiatives provide a stable outlook.

Fulton Financial Business Overview & Revenue Model

Company Description

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers secured consumer loans, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans. In addition, it provides 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 passive investments, as well as trust preferred securities; and sells various life insurance products. It provides its products and services through traditional financial center banking, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. The company operated branches in Pennsylvania, Maryland, Delaware, New Jersey, and Virginia. Fulton Financial Corporation was incorporated in 1882 and is headquartered in Lancaster, Pennsylvania.

How the Company Makes Money

Fulton Financial generates revenue through multiple key streams. The primary source of income is net interest income, which arises from the difference between the interest earned on loans and the interest paid on deposits. The bank offers a variety of loans, including commercial loans, consumer loans, and mortgages, which contribute significantly to its interest income. Additionally, Fulton Financial earns non-interest income from fees charged for various services, such as account maintenance, transaction fees, and wealth management services. The company may also generate revenue through investment activities and commissions from insurance products. Strategic partnerships with local businesses and community organizations enhance its market presence and customer base, further contributing to its overall earnings.

Fulton Financial Financial Statement Overview

Summary

Fulton Financial exhibits strong profitability with a consistent gross profit margin and a solid net profit margin. The balance sheet is healthy with a favorable debt-to-equity ratio and strong ROE. However, challenges in revenue generation and cash flow management slightly dampen the overall financial performance.

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	1.87B	1.80B	1.50B	1.09B	997.16M	972.27M
Gross Profit	1.18B	1.13B	1.03B	988.70M	952.08M	781.67M
EBITDA	446.25M	401.62M	381.72M	378.95M	363.64M	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	3.31B	4.83B	4.91B
Total Debt	1.66B	1.78B	2.49B	2.87B	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	214.33M	374.11M	330.03M	577.02M	320.71M	137.13M
Operating Cash Flow	264.37M	416.56M	362.98M	598.27M	338.39M	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: 19.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 19.38 is above the 20-day moving average (MA) of 19.03, above the 50-day MA of 18.81, and above the 200-day MA of 18.53, indicating a bullish trend. The MACD of 0.32 indicates Negative momentum. The RSI at 56.77 is Neutral, neither overbought nor oversold. The STOCH value of 54.96 is Neutral, 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	81 Outperform	$3.58B	11.89	18.38%	3.17%	3.10%	3.14%
RNST	78 Outperform	$3.78B	15.70	5.21%	2.23%	21.87%	-3.27%
CBU	78 Outperform	$3.21B	16.60	10.91%	3.07%	11.95%	14.53%
WSFS	75 Outperform	$3.27B	12.79	10.32%	1.10%	0.30%	1.46%
FULT	74 Outperform	$3.59B	11.40	10.08%	3.66%	17.61%	1.89%
FHB	72 Outperform	$3.26B	13.38	9.40%	3.98%	-2.56%	12.05%
Sector *	68 Neutral	$18.06B	11.97	10.24%	3.74%	9.75%	1.30%

Fulton Financial Corporate Events

Fulton Financial Updates Corporate Strategy Presentation

On August 20, 2025, Fulton Financial Corporation updated its corporate presentation on its Investor Relations website, providing insights into its strategy and performance. The presentation highlights Fulton’s solid market position, growth opportunities, and ongoing investments in technology to enhance its service offerings. The company emphasizes its commitment to corporate social responsibility and environmental stewardship, while also showcasing its balanced business model that delivers strong returns through diversified income streams.

Fulton Financial Announces President’s Upcoming Retirement

On August 1, 2025, Fulton Financial Corporation announced the upcoming retirement of its President, Angela M. Snyder, effective December 31, 2025. Snyder, who has been a significant leader at Fulton, is praised for her contributions to the company’s growth and stability. Her departure marks the end of an era, but she leaves with confidence in the company’s future, highlighting its strong leadership and clear vision. This transition is expected to have a lasting impact on the company and its stakeholders.

Fulton Financial Appoints New Chief Operations Officer

On July 23, 2025, Fulton Bank announced the appointment of Kevin C. Gremer as Senior Executive Vice President and Chief Operations and Technology Officer, effective August 25, 2025. Gremer, who brings over 27 years of financial services leadership experience, will lead a team of IT and operations professionals to enhance the bank’s digital customer experience. This strategic appointment is expected to bolster Fulton’s operational and technological capabilities, potentially strengthening its market position and benefiting stakeholders through improved service delivery.

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.