Financials Fulton Financial Corporation

Equities

FULT

US3602711000

Banks

Real-time Estimate Cboe BZX 02:17:59 2024-04-30 pm EDT 5-day change 1st Jan Change
16.7 USD -0.63% Intraday chart for Fulton Financial Corporation +9.03% +1.61%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 2,861 2,064 2,742 2,819 2,703 3,005 -
Enterprise Value (EV) 1 2,861 2,064 2,742 2,819 2,703 3,005 3,005
P/E ratio 12.5 x 11.8 x 10.5 x 10.1 x 10 x 11.5 x 9.88 x
Yield 3.21% 4.4% 3.76% 3.92% 3.89% 4.2% 4.42%
Capitalization / Revenue 3.31 x 2.37 x 2.93 x 2.75 x 2.5 x 2.66 x 2.56 x
EV / Revenue 3.31 x 2.37 x 2.93 x 2.75 x 2.5 x 2.66 x 2.56 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.22 x 0.79 x 1.08 x 1.18 x 1.05 x 1.03 x 0.97 x
Nbr of stocks (in thousands) 164,122 162,250 161,304 167,494 164,191 178,843 -
Reference price 2 17.43 12.72 17.00 16.83 16.46 16.80 16.80
Announcement Date 1/21/20 1/19/21 1/18/22 1/17/23 1/16/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 864.5 870.9 937.5 1,024 1,082 1,128 1,174
EBITDA - - - - - - -
EBIT 1 295.9 291.5 319.6 390 402.8 419.1 456.6
Operating Margin 34.23% 33.47% 34.1% 38.1% 37.22% 37.16% 38.88%
Earnings before Tax (EBT) 1 271.1 202.2 334.2 347 348.7 335 373
Net income 1 232.6 175.9 265.2 276.7 274 250.5 293.6
Net margin 26.91% 20.2% 28.29% 27.03% 25.33% 22.21% 25%
EPS 2 1.390 1.080 1.620 1.670 1.640 1.460 1.700
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.5600 0.5600 0.6400 0.6600 0.6400 0.7057 0.7429
Announcement Date 1/21/20 1/19/21 1/18/22 1/17/23 1/16/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 237 229.5 219.8 240.6 278.7 284.5 271.7 277.8 277.2 271.4 264.1 300.4 303.6 301.5 289.8
EBITDA - - - - - - - - - - - - - - -
EBIT 1 92.36 75.48 74.26 91.94 124 116.1 108.4 109.8 106.2 90.83 86.48 105.6 115.2 119.6 109.4
Operating Margin 38.98% 32.89% 33.78% 38.21% 44.5% 40.8% 39.88% 39.53% 38.31% 33.47% 32.75% 35.15% 37.93% 39.68% 37.74%
Earnings before Tax (EBT) 1 89.85 80.48 77.54 85.99 86.23 97.26 83.18 95.67 88.85 81.02 75.55 84.05 91.49 88.54 86.85
Net income 1 73.02 59.32 61.73 67.43 68.31 79.27 65.75 77.04 69.54 61.7 59.38 61.29 70.69 70.65 66.89
Net margin 30.82% 25.85% 28.08% 28.02% 24.51% 27.86% 24.2% 27.73% 25.08% 22.74% 22.49% 20.4% 23.28% 23.43% 23.08%
EPS 2 0.4500 0.3700 0.3800 0.4200 0.4000 0.4700 0.3900 0.4600 0.4300 0.3700 0.3600 0.3600 0.3988 0.3988 0.3814
Dividend per Share 2 0.1400 0.2200 0.1500 0.1500 0.1500 0.2100 0.1500 0.1600 0.1600 0.1700 0.1700 0.1700 0.1700 0.2000 0.1757
Announcement Date 10/19/21 1/18/22 4/19/22 7/19/22 10/18/22 1/17/23 4/18/23 7/18/23 10/17/23 1/16/24 4/16/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 10.1% 7.09% 9.95% 10.5% 10.3% 9.47% 10.6%
ROA (Net income/ Total Assets) 1.09% 0.74% 1.03% 1.05% 1.01% 0.9% 0.97%
Assets 1 21,290 23,896 25,852 26,363 27,245 27,930 31,472
Book Value Per Share 2 14.30 16.10 15.70 14.20 15.60 16.50 17.60
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 1/21/20 1/19/21 1/18/22 1/17/23 1/16/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
16.8 USD
Average target price
17.29 USD
Spread / Average Target
+2.89%
Consensus
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