FULT Q2 2023 Earnings — Fulton Financial Corporation Revenue & Financial Results | Market Cap Arena

FULTFulton Financial Corporation

$4B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$375M+51.0% YoY

Gross Profit

$264M70.2% margin

Operating Income

$96M25.5% margin

Net Income

$80M21.2% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

+9.9%

Cash Flow

Operating Cash Flow

$171M

Free Cash Flow

$162M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$27.4B

Total Liabilities

$24.8B

Stockholders' Equity

$2.6B

Cash & Equivalents

$493M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$375M	$249M	+51.0%
Gross Profit	$264M	$236M	+11.9%
Operating Income	$96M	$86M	+11.3%
Net Income	$80M	$70M	+13.7%

Revenue Segments

Financial Service, Other

$23M38%

Fiduciary and Trust

$19M31%

Deposit Account

$12M19%

Service, Other

$4M7%

Mortgage Banking

$3M5%