FULT Q3 2023 Earnings — Fulton Financial Corporation Revenue & Financial Results | Market Cap Arena

FULTFulton Financial Corporation

$4B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$386M+31.9% YoY

Gross Profit

$260M67.3% margin

Operating Income

$89M23.0% margin

Net Income

$72M18.7% margin

EPS (Diluted)

$0.42

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

$203M

Free Cash Flow

$197M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$27.4B

Total Liabilities

$24.8B

Stockholders' Equity

$2.6B

Cash & Equivalents

$408M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$386M	$293M	+31.9%
Gross Profit	$260M	$256M	+1.6%
Operating Income	$89M	$86M	+3.0%
Net Income	$72M	$71M	+1.7%

Revenue Segments

Financial Service, Other

$20M35%

Fiduciary and Trust

$19M35%

Deposit Account

$12M22%

Mortgage Banking

$3M6%

Service, Other

$1M3%