FULT Q4 2023 Earnings — Fulton Financial Corporation Revenue & Financial Results | Market Cap Arena

FULTFulton Financial Corporation

$4B

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$398M+23.4% YoY

Gross Profit

$262M65.8% margin

Operating Income

$81M20.4% margin

Net Income

$64M16.2% margin

EPS (Diluted)

$0.37

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

-$57M

Free Cash Flow

-$73M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$27.6B

Total Liabilities

$24.8B

Stockholders' Equity

$2.8B

Cash & Equivalents

$532M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$398M	$322M	+23.4%
Gross Profit	$262M	$266M	-1.6%
Operating Income	$81M	$97M	-16.7%
Net Income	$64M	$82M	-21.5%

Revenue Segments

Financial Service, Other

$21M35%

Fiduciary and Trust

$19M32%

Deposit Account

$12M20%

Service, Other

$6M9%

Mortgage Banking

$2M4%