Fulton Financial Financials

FULT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Fulton Financial (FULT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Fulton Financial passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.44x

For every $1 of reported earnings, Fulton Financial generates $1.44 in operating cash flow ($416.6M OCF vs $288.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$296.0M

YoY+29.6%

5Y CAGR+7.0%

10Y CAGR-6.8%

Fulton Financial generated $296.0M in revenue in fiscal year 2024. This represents an increase of 29.6% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$288.7M

YoY+1.6%

5Y CAGR+5.0%

10Y CAGR+6.2%

Fulton Financial reported $288.7M in net income in fiscal year 2024. This represents an increase of 1.6% from the prior year.

EPS (Diluted)

$1.57

YoY-4.3%

5Y CAGR+3.1%

10Y CAGR+6.5%

Fulton Financial earned $1.57 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 4.3% from the prior year.

Cash & Debt

$1.1B

YoY+93.5%

5Y CAGR+15.5%

Fulton Financial held $1.1B in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.69

YoY+7.8%

5Y CAGR+4.3%

10Y CAGR+7.3%

Fulton Financial paid $0.69 per share in dividends in fiscal year 2024. This represents an increase of 7.8% from the prior year.

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

97.5%

YoY-26.9pp

5Y CAGR-9.5pp

10Y CAGR+71.0pp

Fulton Financial's net profit margin was 97.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 26.9 percentage points from the prior year.

Return on Equity

9.0%

YoY-1.3pp

5Y CAGR-0.6pp

10Y CAGR+1.1pp

Fulton Financial's ROE was 9.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$30.3M

YoY-60.6%

5Y CAGR-22.9%

10Y CAGR-16.1%

Fulton Financial spent $30.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 60.6% from the prior year.

Capital Expenditures

N/A

FULT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$296.0M+29.6%	$228.4M+0.6%	$227.2M-5.4%	$240.2M+6.1%	$226.3M+7.1%	$211.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$621.9M+48.4%	$418.9M+403.5%	$83.2M+39.4%	$59.7M-47.5%	$113.7M-35.7%	$176.9M
Income Tax	$55.9M-13.3%	$64.4M+7.3%	$60.0M+2.2%	$58.7M+142.8%	$24.2M-35.7%	$37.6M
Net Income	$288.7M+1.6%	$284.3M-0.9%	$287.0M+4.2%	$275.5M+54.7%	$178.0M-21.3%	$226.3M
EPS (Diluted)	$1.57-4.3%	$1.64-1.8%	$1.67+3.1%	$1.62+50.0%	$1.08-20.0%	$1.35

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$70.4M+1.8%	$69.1M+2.8%	$67.2M+2.0%	$65.9M+10.5%	$59.7M-47.3%	$113.3M+98.2%	$57.1M-5.0%	$60.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$146.8M-0.7%	$147.8M-0.4%	$148.5M-7.6%	$160.7M-5.3%	$169.6M+6.8%	$158.8M+19.6%	$132.7M+5.2%	$126.1M
Income Tax	$27.3M+16.5%	$23.5M+6.2%	$22.1M+25.3%	$17.6M+7.1%	$16.5M+100.8%	$8.2M-39.8%	$13.6M-18.8%	$16.8M
Net Income	$100.5M+1.3%	$99.2M+6.7%	$93.0M+35.5%	$68.6M+8.6%	$63.2M-33.4%	$95.0M+53.3%	$61.9M-3.6%	$64.3M
EPS (Diluted)	$0.530.0%	$0.53+8.2%	$0.49+36.1%	$0.36+9.1%	$0.33-36.5%	$0.52+44.4%	$0.36-2.7%	$0.37

FULT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$32.1B+16.3%	$27.6B+2.4%	$26.9B+4.4%	$25.8B-0.4%	$25.9B+18.4%	$21.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.1B+93.5%	$549.7M-19.4%	$681.9M-58.4%	$1.6B-11.3%	$1.8B+256.9%	$517.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$553.3M0.0%	$553.3M+0.5%	$550.5M+3.0%	$534.3M+0.2%	$533.4M-0.4%	$535.3M
Total Liabilities	$28.9B+16.4%	$24.8B+1.9%	$24.4B+5.5%	$23.1B-0.9%	$23.3B+19.2%	$19.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	$621.3M-52.1%	$1.3B	N/A
Total Equity	$3.2B+15.8%	$2.8B+7.0%	$2.6B-4.9%	$2.7B+3.7%	$2.6B+11.7%	$2.3B
Retained Earnings	$1.8B+9.7%	$1.6B+11.6%	$1.5B+13.1%	$1.3B+14.4%	$1.1B+3.8%	$1.1B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$32.0B-0.1%	$32.0B-0.3%	$32.1B+0.2%	$32.1B-0.4%	$32.2B+1.3%	$31.8B+14.9%	$27.6B+0.3%	$27.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$814.2M+1.2%	$804.7M-21.9%	$1.0B-3.1%	$1.1B-26.2%	$1.4B+3.2%	$1.4B+290.8%	$357.3M-35.0%	$549.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$532.1M-0.1%	$532.4M-0.1%	$532.7M-3.7%	$553.3M+3.6%	$534.2M-0.2%	$535.2M0.0%	$535.4M-3.2%	$553.3M
Total Liabilities	$28.6B-0.5%	$28.7B-0.5%	$28.9B-0.1%	$28.9B-0.4%	$29.0B+1.1%	$28.7B+15.2%	$24.9B+0.3%	$24.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.4B+2.5%	$3.3B+1.7%	$3.3B+2.4%	$3.2B-0.2%	$3.2B+3.3%	$3.1B+12.5%	$2.8B-0.1%	$2.8B
Retained Earnings	$2.0B+3.4%	$1.9B+3.5%	$1.8B+3.2%	$1.8B+1.9%	$1.7B+1.7%	$1.7B+3.7%	$1.7B+2.0%	$1.6B

FULT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$416.6M+14.8%	$363.0M-39.0%	$594.8M+75.8%	$338.4M+115.0%	$157.4M+23.2%	$127.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$1.6B+301.3%	-$809.2M+47.3%	-$1.5B-630.9%	-$210.1M+91.6%	-$2.5B-179.8%	-$893.3M
Financing Cash Flow	-$1.5B-587.8%	$314.0M+2074.8%	-$15.9M+95.3%	-$337.5M-109.2%	$3.7B+338.3%	$837.7M
Dividends Paid	$131.7M+13.8%	$115.7M-0.2%	$116.0M+3.6%	$112.0M+23.2%	$91.0M-1.5%	$92.3M
Share Buybacks	$30.3M-60.6%	$77.1M	$0-100.0%	$43.9M+10.5%	$39.7M-64.3%	$111.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$116.1M+26.5%	$91.7M+12951.1%	$703K-99.5%	$127.9M+681.7%	-$22.0M-113.9%	$157.8M+3.2%	$152.9M+366.4%	-$57.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$65.4M+133.4%	-$195.7M-163.2%	-$74.3M+62.5%	-$198.4M+46.0%	-$367.7M-114.7%	$2.5B+932.1%	-$299.9M-2696.9%	-$10.7M
Financing Cash Flow	-$172.0M-41.1%	-$121.9M-403.0%	$40.2M+113.1%	-$306.3M-170.6%	$434.1M+126.9%	-$1.6B-3456.3%	-$45.4M-123.0%	$197.4M
Dividends Paid	$35.3M-0.4%	$35.4M+0.1%	$35.4M-0.6%	$35.6M+10.5%	$32.2M-8.3%	$35.2M+22.5%	$28.7M-5.6%	$30.4M
Share Buybacks	$31.0M+113.7%	$14.5M+2540.9%	$550K	$0	$0	$0-100.0%	$30.3M+396.2%	$6.1M

FULT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	97.5%-26.9pp	124.5%-1.9pp	126.3%+11.7pp	114.7%+36.0pp	78.7%-28.4pp	107.0%
Return on Equity	9.0%-1.3pp	10.3%-0.8pp	11.1%+1.0pp	10.2%+3.4pp	6.8%-2.9pp	9.7%
Return on Assets	0.9%-0.1pp	1.0%-0.0pp	1.1%0.0pp	1.1%+0.4pp	0.7%-0.3pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.03+0.0	8.99-0.5	9.44+9.2	0.23-0.3	0.50-7.8	8.34
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	142.7%-0.8pp	143.5%+5.2pp	138.3%+34.2pp	104.1%-1.8pp	105.9%+22.1pp	83.8%-24.6pp	108.4%+1.5pp	106.9%
Return on Equity	2.9%-0.0pp	3.0%+0.1pp	2.8%+0.7pp	2.1%+0.2pp	2.0%-1.1pp	3.1%+0.8pp	2.3%-0.1pp	2.3%
Return on Assets	0.3%0.0pp	0.3%+0.0pp	0.3%+0.1pp	0.2%0.0pp	0.2%-0.1pp	0.3%+0.1pp	0.2%0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.37-0.3	8.62-0.2	8.81-0.2	9.03-0.0	9.05-0.2	9.24+0.2	9.02+0.0	8.99
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Fulton Financial's annual revenue?

Fulton Financial (FULT) reported $296.0M in total revenue for fiscal year 2024. This represents a 29.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Fulton Financial's revenue growing?

Fulton Financial (FULT) revenue grew by 29.6% year-over-year, from $228.4M to $296.0M in fiscal year 2024.

Is Fulton Financial profitable?

Yes, Fulton Financial (FULT) reported a net income of $288.7M in fiscal year 2024, with a net profit margin of 97.5%.

What is Fulton Financial's earnings per share (EPS)?

Fulton Financial (FULT) reported diluted earnings per share of $1.57 for fiscal year 2024. This represents a -4.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Fulton Financial's net profit margin?

Fulton Financial (FULT) had a net profit margin of 97.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Fulton Financial pay dividends?

Yes, Fulton Financial (FULT) paid $0.69 per share in dividends during fiscal year 2024.

What is Fulton Financial's return on equity (ROE)?

Fulton Financial (FULT) has a return on equity of 9.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Fulton Financial's operating cash flow?

Fulton Financial (FULT) generated $416.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Fulton Financial's total assets?

Fulton Financial (FULT) had $32.1B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Fulton Financial buy back shares?

Yes, Fulton Financial (FULT) spent $30.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Fulton Financial's debt-to-equity ratio?

Fulton Financial (FULT) had a debt-to-equity ratio of 9.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Fulton Financial's return on assets (ROA)?

Fulton Financial (FULT) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Fulton Financial's Piotroski F-Score?

Fulton Financial (FULT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Fulton Financial's earnings high quality?

Fulton Financial (FULT) has an earnings quality ratio of 1.44x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.