FULT (Fulton Financial Corporation) Stock Financials & Earnings | Market Cap Arena

FULT (Fulton Financial Corporation) Stock Financials & Earnings | Market Cap Arena

FULTFulton Financial Corporation

Mkt Cap$4B

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

Revenue (TTM)$1.9B

Net Income (TTM)$392M

EPS (TTM)$2.08

Free Cash Flow (TTM)$267M

Gross Margin67.4%

Op. Margin25.7%

Net Margin20.7%

FCF Margin14.1%

P/S Ratio (TTM)1.9x

P/E Ratio (TTM)9.3x

YoY Rev Growth+5.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
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

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.0x	12.5x
Q2 23	2.7x	12.1x
Q3 23	2.6x	12.1x
Q4 23	2.4x	12.8x
Q1 24	2.3x	13.1x
Q2 24	2.3x	12.4x
Q3 24	2.1x	12.8x
Q4 24	2.0x	12.6x
Q1 25	1.9x	11.4x
Q2 25	1.9x	11.2x
Q3 25	1.9x	10.1x
Q4 25	1.9x	9.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
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	$703K	-$9M
Q2 25	$92M	$88M
Q3 25	$116M	$115M
Q4 25	$96M	$73M

Capital Expenditures

CapEx

Quarter	CapEx
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	$746K
Q4 25	$23M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
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%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	0.5%
Q2 23	$3M	0.7%
Q3 23	$4M	1.0%
Q4 23	$5M	1.1%
Q1 24	$836K	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
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
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

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	168M	-0.4%
Q2 23	167M	-0.7%
Q3 23	166M	-0.7%
Q4 23	166M	-0.2%
Q1 24	165M	-0.7%
Q2 24	177M	+7.5%
Q3 24	184M	+3.8%
Q4 24	184M	+0.1%
Q1 25	184M	+0.1%
Q2 25	184M	-0.1%
Q3 25	184M	-0.1%
Q4 25	183M	-0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$214K	4K
FY 15	$221K	3K
FY 16	$227K	4K
FY 17	$236K	4K
FY 18	$273K	4K
FY 19	$298K	4K
FY 20	$295K	3K
FY 21	$312K	3K
FY 22	$341K	3K
FY 23	$441K	3K
FY 24	$530K	3K
FY 25	$556K	3K