FULT Q1 2024 Earnings — Fulton Financial Corporation Revenue & Financial Results | Market Cap Arena

FULTFulton Financial Corporation

$4B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$397M+16.2% YoY

Gross Profit

$253M63.8% margin

Operating Income

$76M19.0% margin

Net Income

$62M15.6% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

-0.2%

Cash Flow

Operating Cash Flow

$153M

Free Cash Flow

$151M

Stock-Based Comp.

$836,000

Balance Sheet

Total Assets

$27.6B

Total Liabilities

$24.9B

Stockholders' Equity

$2.8B

Cash & Equivalents

$346M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$397M	$342M	+16.2%
Gross Profit	$253M	$243M	+4.3%
Operating Income	$76M	$83M	-9.2%
Net Income	$62M	$68M	-9.3%

Revenue Segments

Fiduciary and Trust

$20M35%

Financial Service, Other

$19M33%

Deposit Account

$12M20%

Service, Other

$3M6%

Mortgage Banking

$3M5%