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

Fulton Financial (FULT) reported diluted earnings per share of $2.08 for fiscal year 2025. This represents a 32.5% 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.

Fulton Financial Financials

FULT

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 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 18 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).

Rhea AI FULT FY2025 2026-05-08

Fulton’s earnings engine in FY2025 was balance-sheet efficiency, not faster reported revenue growth alone.

Latest-year net income reached $392M while revenue slipped to $277M, so the improvement was not volume-led. Equity growth to $3.49B alongside debt-to-equity of 8.2x shows earnings were strong enough to support capital returns and still leave the balance sheet slightly less levered.

This remains an asset-heavy financial balance sheet: about $32.1B of assets is supported by $3.49B of equity. Even with that leverage, returns on assets and equity improved to 1.2% and 11.2%, which suggests the latest profit gain came from better use of the balance sheet rather than simple expansion.

Operating cash flow fell to $304M even as accounting profit increased, so cash conversion was less smooth than the income line alone suggests. Still, retained earnings reached $2.02B, showing the business continued to build internal capital even during a year when cash generation and reported profit did not move together.

Financial Health Signals

Financial Health Score 49/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Fulton Financial's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Growth

Capital

Efficiency

Stability

Piotroski F-Score Partial

3/5

Fulton Financial passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.78x

For every $1 of reported earnings, Fulton Financial generates $0.78 in operating cash flow ($304.5M OCF vs $391.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$276.8M

YoY-6.5%

5Y CAGR+4.1%

10Y CAGR-7.2%

Fulton Financial generated $276.8M in revenue in fiscal year 2025. This represents a decrease of 6.5% from the prior year.

EBITDA

N/A

Net Income

$391.6M

YoY+35.6%

5Y CAGR+17.1%

10Y CAGR+10.1%

Fulton Financial reported $391.6M in net income in fiscal year 2025. This represents an increase of 35.6% from the prior year.

EPS (Diluted)

$2.08

YoY+32.5%

5Y CAGR+14.0%

10Y CAGR+9.4%

Fulton Financial earned $2.08 per diluted share (EPS) in fiscal year 2025. This represents an increase of 32.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.1B

YoY-0.2%

5Y CAGR-10.5%

10Y CAGR+12.3%

Fulton Financial held $1.1B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.73

YoY+5.8%

5Y CAGR+5.4%

10Y CAGR+6.7%

Fulton Financial paid $0.73 per share in dividends in fiscal year 2025. This represents an increase of 5.8% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

141.5%

YoY+44.0pp

5Y CAGR+62.8pp

10Y CAGR+115.9pp

Fulton Financial's net profit margin was 141.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 44.0 percentage points from the prior year.

Return on Equity

11.2%

YoY+2.2pp

5Y CAGR+4.4pp

10Y CAGR+3.9pp

Fulton Financial's ROE was 11.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$66.0M

YoY+117.6%

5Y CAGR+10.7%

10Y CAGR+2.8%

Fulton Financial spent $66.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 117.6% from the prior year.

Capital Expenditures

N/A

FULT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$276.8M-6.5%	$296.0M+29.6%	$228.4M+0.6%	$227.2M-5.4%	$240.2M+6.1%	$226.3M
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	$443.5M+2.5%	$432.8M+14.7%	$377.4M+5.8%	$356.9M+8.4%	$329.1M+1.5%	$324.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$580.5M-6.6%	$621.9M+48.4%	$418.9M+403.5%	$83.2M+39.4%	$59.7M-47.5%	$113.7M
Income Tax	$94.0M+68.2%	$55.9M-13.3%	$64.4M+7.3%	$60.0M+2.2%	$58.7M+142.8%	$24.2M
Net Income	$391.6M+35.6%	$288.7M+1.6%	$284.3M-0.9%	$287.0M+4.2%	$275.5M+54.7%	$178.0M
EPS (Diluted)	$2.08+32.5%	$1.57-4.3%	$1.64-1.8%	$1.67+3.1%	$1.62+50.0%	$1.08

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$69.8M-0.2%	$70.0M-0.6%	$70.4M+1.8%	$69.1M+2.8%	$67.2M+2.0%	$65.9M+10.5%	$59.7M-47.3%	$113.3M
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	$109.9M-9.6%	$121.6M+9.3%	$111.3M+3.9%	$107.1M+3.5%	$103.5M-4.0%	$107.9M-9.2%	$118.8M+7.4%	$110.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$128.0M-6.8%	$137.4M-6.4%	$146.8M-0.7%	$147.8M-0.4%	$148.5M-7.6%	$160.7M-5.3%	$169.6M+6.8%	$158.8M
Income Tax	$22.4M+5.9%	$21.1M-22.7%	$27.3M+16.5%	$23.5M+6.2%	$22.1M+25.3%	$17.6M+7.1%	$16.5M+100.8%	$8.2M
Net Income	$94.8M-4.3%	$99.0M-1.5%	$100.5M+1.3%	$99.2M+6.7%	$93.0M+35.5%	$68.6M+8.6%	$63.2M-33.4%	$95.0M
EPS (Diluted)	$0.51	N/A	$0.530.0%	$0.53+8.2%	$0.49	N/A	$0.33-36.5%	$0.52

FULT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$32.1B+0.1%	$32.1B+16.3%	$27.6B+2.4%	$26.9B+4.4%	$25.8B-0.4%	$25.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.1B-0.2%	$1.1B+93.5%	$549.7M-19.4%	$681.9M-58.4%	$1.6B-11.3%	$1.8B
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%	$553.3M0.0%	$553.3M+0.5%	$550.5M+3.0%	$534.3M+0.2%	$533.4M
Total Liabilities	$28.6B-0.9%	$28.9B+16.4%	$24.8B+1.9%	$24.4B+5.5%	$23.1B-0.9%	$23.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	$621.3M-52.1%	$1.3B
Total Equity	$3.5B+9.2%	$3.2B+15.8%	$2.8B+7.0%	$2.6B-4.9%	$2.7B+3.7%	$2.6B
Retained Earnings	$2.0B+14.0%	$1.8B+9.7%	$1.6B+11.6%	$1.5B+13.1%	$1.3B+14.4%	$1.1B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$32.2B+0.4%	$32.1B+0.4%	$32.0B-0.1%	$32.0B-0.3%	$32.1B+0.2%	$32.1B-0.4%	$32.2B+1.3%	$31.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.1B+0.1%	$1.1B+30.4%	$814.2M+1.2%	$804.7M-21.9%	$1.0B-3.1%	$1.1B-26.2%	$1.4B+3.2%	$1.4B
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	N/A	$553.3M	N/A	N/A	N/A	$553.3M	N/A	N/A
Total Liabilities	$28.7B+0.4%	$28.6B+0.2%	$28.6B-0.5%	$28.7B-0.5%	$28.9B-0.1%	$28.9B-0.4%	$29.0B+1.1%	$28.7B
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	$3.5B+0.4%	$3.5B+2.3%	$3.4B+2.5%	$3.3B+1.7%	$3.3B+2.4%	$3.2B-0.2%	$3.2B+3.3%	$3.1B
Retained Earnings	$2.1B+2.9%	$2.0B+3.2%	$2.0B+3.4%	$1.9B+3.5%	$1.8B+3.2%	$1.8B+1.9%	$1.7B+1.7%	$1.7B

FULT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$304.5M-26.9%	$416.6M+14.8%	$363.0M-39.0%	$594.8M+75.8%	$338.4M+115.0%	$157.4M
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	-$82.2M-105.0%	$1.6B+301.3%	-$809.2M+47.3%	-$1.5B-630.9%	-$210.1M+91.6%	-$2.5B
Financing Cash Flow	-$224.6M+85.3%	-$1.5B-587.8%	$314.0M+2074.8%	-$15.9M+95.3%	-$337.5M-109.2%	$3.7B
Dividends Paid	$141.2M+7.2%	$131.7M+13.8%	$115.7M-0.2%	$116.0M+3.6%	$112.0M+23.2%	$91.0M
Share Buybacks	$66.0M+117.6%	$30.3M-60.6%	$77.1M	$0-100.0%	$43.9M+10.5%	$39.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$114.7M+19.5%	$96.0M-17.3%	$116.1M+26.5%	$91.7M+12951.1%	$703K-99.5%	$127.9M+681.7%	-$22.0M-113.9%	$157.8M
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	-$188.2M-253.8%	$122.4M+87.0%	$65.4M+133.4%	-$195.7M-163.2%	-$74.3M+62.5%	-$198.4M+46.0%	-$367.7M-114.7%	$2.5B
Financing Cash Flow	$74.8M+157.4%	$29.1M+116.9%	-$172.0M-41.1%	-$121.9M-403.0%	$40.2M+113.1%	-$306.3M-170.6%	$434.1M+126.9%	-$1.6B
Dividends Paid	$36.7M+4.6%	$35.1M-0.5%	$35.3M-0.4%	$35.4M+0.1%	$35.4M-0.6%	$35.6M+10.5%	$32.2M-8.3%	$35.2M
Share Buybacks	$24.6M+23.6%	$19.9M-35.8%	$31.0M+113.7%	$14.5M+2540.9%	$550K	$0	$0	$0

FULT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	141.5%+44.0pp	97.5%-26.9pp	124.5%-1.9pp	126.3%+11.7pp	114.7%+36.0pp	78.7%
Return on Equity	11.2%+2.2pp	9.0%-1.3pp	10.3%-0.8pp	11.1%+1.0pp	10.2%+3.4pp	6.8%
Return on Assets	1.2%+0.3pp	0.9%-0.1pp	1.0%-0.0pp	1.1%0.0pp	1.1%+0.4pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.20-0.8	9.03+0.0	8.99-0.5	9.44+9.2	0.23-0.3	0.50
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	135.7%-5.7pp	141.4%-1.3pp	142.7%-0.8pp	143.5%+5.2pp	138.3%+34.2pp	104.1%-1.8pp	105.9%+22.1pp	83.8%
Return on Equity	2.7%-0.1pp	2.8%-0.1pp	2.9%-0.0pp	3.0%+0.1pp	2.8%+0.7pp	2.1%+0.2pp	2.0%-1.1pp	3.1%
Return on Assets	0.3%-0.0pp	0.3%0.0pp	0.3%0.0pp	0.3%+0.0pp	0.3%+0.1pp	0.2%0.0pp	0.2%-0.1pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.200.0	8.20-0.2	8.37-0.3	8.62-0.2	8.81-0.2	9.03-0.0	9.05-0.2	9.24
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 $276.8M in total revenue for fiscal year 2025. This represents a -6.5% 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 declined by 6.5% year-over-year, from $296.0M to $276.8M in fiscal year 2025.

Is Fulton Financial profitable?

Yes, Fulton Financial (FULT) reported a net income of $391.6M in fiscal year 2025, with a net profit margin of 141.5%.

What is Fulton Financial's net profit margin?

Fulton Financial (FULT) had a net profit margin of 141.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Fulton Financial pay dividends?

Yes, Fulton Financial (FULT) paid $0.73 per share in dividends during fiscal year 2025.

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

Fulton Financial (FULT) has a return on equity of 11.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Fulton Financial's operating cash flow?

Fulton Financial (FULT) generated $304.5M in operating cash flow during fiscal year 2025, 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 2025, including both current and long-term assets.

Does Fulton Financial buy back shares?

Yes, Fulton Financial (FULT) spent $66.0M on share buybacks during fiscal year 2025, 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 8.20 as of fiscal year 2025, 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 1.2% for fiscal year 2025, 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 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 0.78x, considered mixed 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.

How financially healthy is Fulton Financial?

Fulton Financial (FULT) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.