Fulton Financial (FULT) AI Stock Analysis

• Market Cap: $3.44B
• Dividend Yield: 3.76%
• Average Volume (3M): 1.43M
• Price to Earnings (P/E): 11.1
• Beta (1Y): 1.19
• Revenue Growth: 17.61%
• EPS Growth: 1.89%
• Country: US
• Employees: 3,400
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.53
• Shares Outstanding: 182,104,340
• 10 Day Avg. Volume: 1,656,197
• 30 Day Avg. Volume: 1,428,627
• PEG Ratio: -2.78
• Price to Book (P/B): 1.06
• Price to Sales (P/S): 1.88
• P/FCF Ratio: 9.05
• Enterprise Value/Market Cap: 1.43
• Enterprise Value/Revenue: 2.57
• Enterprise Value/Gross Profit: 3.97
• Enterprise Value/Ebitda: 10.86
• 1Y Price Target: $20.50
• Price Target Upside: 8.52% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 71 Outperform
• Price Target: $20.50 ▲(8.52% Upside)

Fulton Financial's overall stock score is driven by strong earnings performance and attractive valuation metrics. The company's robust financial performance, highlighted by record earnings and efficient cost management, is a significant strength. While technical indicators suggest short-term bearish momentum, the stock's valuation and positive earnings outlook provide a solid foundation for future growth.

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 shows solid revenue growth and operational efficiency with strong gross profit margins and stable EBIT and EBITDA margins. The balance sheet is robust with low leverage and a strong equity position. However, the decline in free cash flow and low operating cash flow coverage ratio highlight potential cash flow management issues.

Income Statement

Fulton Financial shows a consistent revenue growth trend with a TTM revenue growth rate of 2.49%. The gross profit margin remains strong at 64.65%, indicating efficient cost management. However, the net profit margin has slightly decreased to 16.90% from previous periods, suggesting some pressure on profitability. EBIT and EBITDA margins are stable, reflecting solid operational performance.

Balance Sheet

The company's debt-to-equity ratio has improved significantly to 0.055, indicating a strong balance sheet with low leverage. Return on equity is modest at 3.11%, reflecting moderate profitability relative to equity. The equity ratio is robust, suggesting financial stability and a strong capital base.

Cash Flow

Fulton Financial's free cash flow has declined by 36.73% in the TTM, which is a concern. The operating cash flow to net income ratio is low at 0.007, indicating potential cash flow challenges. However, the free cash flow to net income ratio remains healthy at 72.13%, suggesting that the company is still generating sufficient cash relative to its net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.92B	1.80B	1.50B	1.09B	997.16M	972.27M
Gross Profit	1.24B	1.13B	1.03B	988.70M	952.08M	781.67M
EBITDA	453.17M	401.62M	381.72M	378.95M	363.64M	231.57M
Net Income	324.01M	288.74M	284.28M	286.98M	275.50M	178.04M
Balance Sheet
Total Assets	32.04B	32.07B	27.57B	26.93B	25.80B	25.91B
Cash, Cash Equivalents and Short-Term Investments	3.38B	3.37B	2.93B	3.31B	4.83B	4.91B
Total Debt	1.77B	1.78B	2.49B	2.87B	1.45B	1.93B
Total Liabilities	28.71B	28.87B	24.81B	24.35B	23.08B	23.29B
Stockholders Equity	3.33B	3.20B	2.76B	2.58B	2.71B	2.62B
Cash Flow
Free Cash Flow	135.60M	374.11M	330.03M	577.02M	320.71M	137.13M
Operating Cash Flow	187.99M	416.56M	362.98M	598.27M	338.39M	157.37M
Investing Cash Flow	-825.79M	1.63B	-809.22M	-1.54B	-210.09M	-2.50B
Financing Cash Flow	46.18M	-1.53B	314.02M	-15.90M	-337.52M	3.67B

Fulton Financial Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 18.89
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FULT, the sentiment is Neutral. The current price of 18.89 is below the 20-day moving average (MA) of 19.23, above the 50-day MA of 18.88, and above the 200-day MA of 18.41, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 46.36 is Neutral, neither overbought nor oversold. The STOCH value of 22.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	17.90%	3.13%	3.10%	3.14%
INDB	79 Outperform	$3.54B	16.03	6.13%	3.30%	3.67%	-10.83%
TBBK	78 Outperform	$3.56B	16.63	26.09%	―	25.43%	21.96%
FIBK	73 Outperform	$3.41B	14.66	6.71%	5.78%	-2.11%	-8.95%
FULT	71 Outperform	$3.44B	11.07	10.08%	3.76%	17.61%	1.89%
CATY	71 Outperform	$3.36B	11.72	10.05%	2.80%	-0.17%	-0.29%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

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.