FULT

MKT CAP:$4B

Fulton Financial Corporation

Market Cap

$4B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$21.39+$1.92 (+9.89%)

Apr 24, 2026

Company Details

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 indivi...

CEO

Curtis J. Myers

IPO Date

Sep 3, 1985

Website

www.fultonbank.com

Key Metrics TTM

Revenue

$1.4B

-23.8% YoY

Net Income

$416M

EPS (Diluted)

$1.59

Free Cash Flow

$267M

Revenue / Share

$7.84

Gross Margin

68.2%

Operating Margin

26.0%

Net Margin

29.2%

FCF Margin

18.8%

P/S

2.9x

P/E

9.9x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$0-100.0%EPS $0.00

FY 2025

Feb 27, 2026

$1.9B+5.0%EPS $2.08

Q4 2025

Feb 27, 2026

$472M-2.6%EPS $0.53

Q3 2025

Nov 7, 2025

$481M-2.6%EPS $0.53

Q2 2025

Aug 8, 2025

$472M+11.0%EPS $0.53

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$249M	$236M	$86M
Q3 22	$293M	$256M	$86M
Q4 22	$322M	$266M	$97M
Q1 23	$342M	$243M	$83M
Q2 23	$375M	$264M	$96M
Q3 23	$386M	$260M	$89M
Q4 23	$398M	$262M	$81M
Q1 24	$397M	$253M	$76M
Q2 24	$425M	$258M	$103M
Q3 24	$494M	$313M	$80M
Q4 24	$484M	$307M	$86M
Q1 25	$467M	$304M	$115M
Q2 25	$472M	$315M	$123M
Q3 25	$481M	$324M	$128M
Q4 25	$472M	$331M	$120M
Q1 26	$0	$0	$550

Valuation

Quarter	P/S	P/E
Q2 22	4.3x	15.1x
Q3 22	4.1x	15.4x
Q4 22	3.8x	14.3x
Q1 23	3.4x	14.1x
Q2 23	3.1x	13.7x
Q3 23	2.9x	13.6x
Q4 23	2.7x	14.4x
Q1 24	2.6x	14.8x
Q2 24	2.6x	14.0x
Q3 24	2.4x	14.4x
Q4 24	2.3x	14.2x
Q1 25	2.2x	12.8x
Q2 25	2.1x	12.7x
Q3 25	2.2x	11.4x
Q4 25	2.2x	10.5x
Q1 26	2.9x	9.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$108M	-$113M
Q2 22	$92M	$91M
Q3 22	$532M	$528M
Q4 22	$79M	$68M
Q1 23	$46M	$44M
Q2 23	$171M	$162M
Q3 23	$203M	$197M
Q4 23	-$57M	-$73M
Q1 24	$153M	$151M
Q2 24	$168M	$166M
Q3 24	-$32M	-$30M
Q4 24	$128M	$87M
Q1 25	$703.0K	-$9M
Q2 25	$92M	$88M
Q3 25	$116M	$115M
Q4 25	$96M	$73M

Capital Expenditures

Quarter	CapEx
Q1 22	$5M
Q2 22	$835.0K
Q3 22	$4M
Q4 22	$11M
Q1 23	$2M
Q2 23	$9M
Q3 23	$7M
Q4 23	$15M
Q1 24	$2M
Q2 24	$2M
Q3 24	$2M
Q4 24	$41M
Q1 25	$9M
Q2 25	$4M
Q3 25	$746.0K
Q4 25	$23M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+8.8%	+7.3%
Q3 22	+18.7%	+31.8%
Q4 22	+33.3%	+39.6%
Q1 23	+49.6%	+71.4%
Q2 23	+51.0%	+72.0%
Q3 23	+31.9%	+44.0%
Q4 23	+23.4%	+40.7%
Q1 24	+16.2%	+24.3%
Q2 24	+13.3%	+15.1%
Q3 24	+27.9%	+39.4%
Q4 24	+21.9%	+25.8%
Q1 25	+17.7%	+9.5%
Q2 25	+11.0%	+8.4%
Q3 25	-2.6%	-14.7%
Q4 25	-2.6%	-11.7%
Q1 26	-100.0%	-100.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$3M	1.2%
Q2 22	$4M	1.5%
Q3 22	$4M	1.3%
Q4 22	$4M	1.2%
Q1 23	$2M	0.5%
Q2 23	$3M	0.7%
Q3 23	$4M	1.0%
Q4 23	$5M	1.1%
Q1 24	$836.0K	0.2%
Q2 24	$3M	0.7%
Q3 24	$4M	0.7%
Q4 24	$3M	0.6%
Q1 25	$2M	0.4%
Q2 25	$3M	0.7%
Q3 25	$4M	0.8%
Q4 25	$4M	0.8%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$88M	$1M
Q3 22	$97M	$2M
Q4 22	$96M	$2M
Q1 23	$94M	$2M
Q2 23	$99M	$2M
Q3 23	$101M	$2M
Q4 23	$102M	$4M
Q1 24	$101M	$2M
Q2 24	$117M	$2M
Q3 24	$124M	$2M
Q4 24	$114M	$3M
Q1 25	$109M	$3M
Q2 25	$107M	$3M
Q3 25	$116M	$2M
Q4 25	$188M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$366M	$1.1B	$1.5B
Q3 22	$512M	$950M	$1.5B
Q4 22	$668M	$2.6B	$3.3B
Q1 23	$555M	$1.1B	$1.7B
Q2 23	$493M	$1.1B	$1.6B
Q3 23	$408M	$1.0B	$1.5B
Q4 23	$532M	$2.4B	$2.9B
Q1 24	$346M	$1.0B	$1.4B
Q2 24	$1.4B	$1.8B	$3.2B
Q3 24	$1.4B	$2.2B	$3.6B
Q4 24	$1.1B	$2.3B	$3.4B
Q1 25	$1.0B	$2.5B	$3.5B
Q2 25	$781M	$2.6B	$3.4B
Q3 25	$787M	$2.5B	$3.3B
Q4 25	$271M	$911M	$1.2B
Q1 26	$312M	$4.9B	$5.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	162M	+0.1%	-1.1%
Q3 22	169M	+4.1%	+3.3%
Q4 22	169M	+0.2%	+4.2%
Q1 23	168M	-0.4%	+4.0%
Q2 23	167M	-0.7%	+3.2%
Q3 23	166M	-0.7%	-1.6%
Q4 23	166M	-0.2%	-2.1%
Q1 24	165M	-0.7%	-2.3%
Q2 24	177M	+7.5%	+5.8%
Q3 24	184M	+3.8%	+10.6%
Q4 24	184M	+0.1%	+11.0%
Q1 25	184M	+0.1%	+11.9%
Q2 25	184M	-0.1%	+3.9%
Q3 25	184M	-0.1%	+0.1%
Q4 25	183M	-0.2%	-0.3%
Q1 26	182M	-0.9%	-1.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$77.7K	3K
Q3 22	$91.5K	3K
Q4 22	$100.7K	3K
Q1 23	$106.7K	3K
Q2 23	$117.3K	3K
Q3 23	$120.7K	3K
Q4 23	$116.9K	3K
Q1 24	$116.7K	3K
Q2 24	$125.1K	3K
Q3 24	$145.4K	3K
Q4 24	$142.5K	3K
Q1 25	$137.3K	3K
Q2 25	$138.8K	3K
Q3 25	$141.5K	3K
Q4 25	$138.8K	3K
Q1 26	$0	3K

Revenue / Employee