FULT Q2 2024 Earnings — Fulton Financial Corporation Revenue & Financial Results | Market Cap Arena

FULTFulton Financial Corporation

$4B

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$425M+13.3% YoY

Gross Profit

$258M60.6% margin

Operating Income

$103M24.3% margin

Net Income

$95M22.3% margin

EPS (Diluted)

$0.52

QoQ Revenue Growth

+7.2%

Cash Flow

Operating Cash Flow

$168M

Free Cash Flow

$166M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$31.8B

Total Liabilities

$28.7B

Stockholders' Equity

$3.1B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$425M	$375M	+13.3%
Gross Profit	$258M	$264M	-2.2%
Operating Income	$103M	$96M	+7.8%
Net Income	$95M	$80M	+19.3%

Revenue Segments

Financial Service, Other

$21M32%

Fiduciary and Trust

$21M32%

Deposit Account

$15M22%

Service, Other

$5M7%

Mortgage Banking

$4M6%