FULT Q1 2023 Earnings — Fulton Financial Corporation Revenue & Financial Results | Market Cap Arena

FULTFulton Financial Corporation

$4B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$342M+49.6% YoY

Gross Profit

$243M71.1% margin

Operating Income

$83M24.4% margin

Net Income

$68M20.0% margin

EPS (Diluted)

$0.39

QoQ Revenue Growth

+6.0%

Cash Flow

Operating Cash Flow

$46M

Free Cash Flow

$44M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$27.1B

Total Liabilities

$24.5B

Stockholders' Equity

$2.6B

Cash & Equivalents

$555M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$342M	$228M	+49.6%
Gross Profit	$243M	$224M	+8.6%
Operating Income	$83M	$78M	+7.3%
Net Income	$68M	$64M	+6.3%

Revenue Segments

Fiduciary and Trust

$18M35%

Financial Service, Other

$18M34%

Deposit Account

$11M22%

Service, Other

$3M6%

Mortgage Banking

$2M4%