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FULTON FINANCIAL CORP (FULT) Stock Fundamental Analysis

NASDAQ:FULT - Nasdaq - US3602711000 - Common Stock - Currency: USD

18.52  +0.48 (+2.66%)

After market: 18.52 0 (0%)

Fundamental Rating

3

Overall FULT gets a fundamental rating of 3 out of 10. We evaluated FULT against 395 industry peers in the Banks industry. FULT has a bad profitability rating. Also its financial health evaluation is rather negative. FULT has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year FULT was profitable.
FULT had a positive operating cash flow in the past year.
FULT had positive earnings in each of the past 5 years.
Each year in the past 5 years FULT had a positive operating cash flow.
FULT Yearly Net Income VS EBIT VS OCF VS FCFFULT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

1.2 Ratios

FULT has a Return On Assets of 0.96%. This is in the better half of the industry: FULT outperforms 62.28% of its industry peers.
FULT's Return On Equity of 9.45% is fine compared to the rest of the industry. FULT outperforms 60.76% of its industry peers.
Industry RankSector Rank
ROA 0.96%
ROE 9.45%
ROIC N/A
ROA(3y)0.96%
ROA(5y)0.92%
ROE(3y)9.79%
ROE(5y)9.17%
ROIC(3y)N/A
ROIC(5y)N/A
FULT Yearly ROA, ROE, ROICFULT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

FULT has a Profit Margin (23.99%) which is in line with its industry peers.
FULT's Profit Margin has declined in the last couple of years.
FULT does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 23.99%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-7.31%
PM growth 5Y-2.95%
GM growth 3YN/A
GM growth 5YN/A
FULT Yearly Profit, Operating, Gross MarginsFULT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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1

2. Health

2.1 Basic Checks

FULT does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FULT has been increased compared to 1 year ago.
Compared to 5 years ago, FULT has more shares outstanding
Compared to 1 year ago, FULT has an improved debt to assets ratio.
FULT Yearly Shares OutstandingFULT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
FULT Yearly Total Debt VS Total AssetsFULT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

FULT has a debt to FCF ratio of 4.23. This is a neutral value as FULT would need 4.23 years to pay back of all of its debts.
With a Debt to FCF ratio value of 4.23, FULT is not doing good in the industry: 68.10% of the companies in the same industry are doing better.
FULT has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
FULT has a worse Debt to Equity ratio (0.28) than 68.35% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.23
Altman-Z N/A
ROIC/WACCN/A
WACC16.45%
FULT Yearly LT Debt VS Equity VS FCFFULT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FULT Yearly Current Assets VS Current LiabilitesFULT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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4

3. Growth

3.1 Past

FULT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.88%, which is quite good.
The Earnings Per Share has been growing slightly by 6.04% on average over the past years.
FULT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.62%.
Measured over the past years, FULT shows a small growth in Revenue. The Revenue has been growing by 7.41% on average per year.
EPS 1Y (TTM)15.88%
EPS 3Y4.31%
EPS 5Y6.04%
EPS Q2Q%30%
Revenue 1Y (TTM)19.62%
Revenue growth 3Y9.66%
Revenue growth 5Y7.41%
Sales Q2Q%18.75%

3.2 Future

The Earnings Per Share is expected to grow by 5.12% on average over the next years.
The Revenue is expected to grow by 5.02% on average over the next years.
EPS Next Y2.07%
EPS Next 2Y5.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.73%
Revenue Next 2Y5.02%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FULT Yearly Revenue VS EstimatesFULT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
FULT Yearly EPS VS EstimatesFULT Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 9.40, which indicates a very decent valuation of FULT.
Based on the Price/Earnings ratio, FULT is valued cheaper than 87.85% of the companies in the same industry.
FULT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.21.
FULT is valuated reasonably with a Price/Forward Earnings ratio of 9.06.
Based on the Price/Forward Earnings ratio, FULT is valued a bit cheaper than 67.34% of the companies in the same industry.
FULT is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.70, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.4
Fwd PE 9.06
FULT Price Earnings VS Forward Price EarningsFULT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, FULT is valued a bit more expensive than the industry average as 61.77% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 15.71
EV/EBITDA N/A
FULT Per share dataFULT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FULT does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)4.54
PEG (5Y)1.56
EPS Next 2Y5.12%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

FULT has a Yearly Dividend Yield of 3.93%.
Compared to an average industry Dividend Yield of 3.47, FULT pays a bit more dividend than its industry peers.
FULT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
Industry RankSector Rank
Dividend Yield 3.93%

5.2 History

The dividend of FULT is nicely growing with an annual growth rate of 6.62%!
FULT has paid a dividend for at least 10 years, which is a reliable track record.
FULT has decreased its dividend recently.
Dividend Growth(5Y)6.62%
Div Incr Years1
Div Non Decr Years1
FULT Yearly Dividends per shareFULT Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

FULT pays out 44.70% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of FULT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP44.7%
EPS Next 2Y5.12%
EPS Next 3YN/A
FULT Yearly Income VS Free CF VS DividendFULT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
FULT Dividend Payout.FULT Dividend Payout, showing the Payout Ratio.FULT Dividend Payout.PayoutRetained Earnings

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FULTON FINANCIAL CORP

NASDAQ:FULT (7/1/2025, 4:02:25 PM)

After market: 18.52 0 (0%)

18.52

+0.48 (+2.66%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-15 2025-04-15/amc
Earnings (Next)07-22 2025-07-22/amc
Inst Owners77.17%
Inst Owner Change-0.8%
Ins Owners1.11%
Ins Owner Change6.89%
Market Cap3.37B
Analysts76.92
Price Target20.15 (8.8%)
Short Float %2.75%
Short Ratio4.3
Dividend
Industry RankSector Rank
Dividend Yield 3.93%
Yearly Dividend0.76
Dividend Growth(5Y)6.62%
DP44.7%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-01 2025-04-01 (0.18)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.75%
Min EPS beat(2)12.81%
Max EPS beat(2)18.68%
EPS beat(4)4
Avg EPS beat(4)23.47%
Min EPS beat(4)10.69%
Max EPS beat(4)51.7%
EPS beat(8)8
Avg EPS beat(8)13.26%
EPS beat(12)9
Avg EPS beat(12)6.65%
EPS beat(16)12
Avg EPS beat(16)8.99%
Revenue beat(2)0
Avg Revenue beat(2)-1.01%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)-0.86%
Revenue beat(4)1
Avg Revenue beat(4)-1.36%
Min Revenue beat(4)-4.02%
Max Revenue beat(4)0.6%
Revenue beat(8)3
Avg Revenue beat(8)-1.02%
Revenue beat(12)7
Avg Revenue beat(12)7.83%
Revenue beat(16)11
Avg Revenue beat(16)14.18%
PT rev (1m)0%
PT rev (3m)-15.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.12%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.99%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.29%
Valuation
Industry RankSector Rank
PE 9.4
Fwd PE 9.06
P/S 2.61
P/FCF 15.71
P/OCF 12.74
P/B 1.03
P/tB 1.27
EV/EBITDA N/A
EPS(TTM)1.97
EY10.64%
EPS(NY)2.04
Fwd EY11.04%
FCF(TTM)1.18
FCFY6.37%
OCF(TTM)1.45
OCFY7.85%
SpS7.1
BVpS18.01
TBVpS14.55
PEG (NY)4.54
PEG (5Y)1.56
Profitability
Industry RankSector Rank
ROA 0.96%
ROE 9.45%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 23.99%
GM N/A
FCFM 16.61%
ROA(3y)0.96%
ROA(5y)0.92%
ROE(3y)9.79%
ROE(5y)9.17%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-7.31%
PM growth 5Y-2.95%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.23
Debt/EBITDA N/A
Cap/Depr 80.56%
Cap/Sales 3.88%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 69.24%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC16.45%
ROIC/WACCN/A
Cap/Depr(3y)80.27%
Cap/Depr(5y)73.99%
Cap/Sales(3y)2.86%
Cap/Sales(5y)2.56%
Profit Quality(3y)154.44%
Profit Quality(5y)132.75%
High Growth Momentum
Growth
EPS 1Y (TTM)15.88%
EPS 3Y4.31%
EPS 5Y6.04%
EPS Q2Q%30%
EPS Next Y2.07%
EPS Next 2Y5.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.62%
Revenue growth 3Y9.66%
Revenue growth 5Y7.41%
Sales Q2Q%18.75%
Revenue Next Year5.73%
Revenue Next 2Y5.02%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-70.8%
FCF growth 3Y4.85%
FCF growth 5Y31.82%
OCF growth 1Y-64.85%
OCF growth 3Y6.76%
OCF growth 5Y26.68%