Fulton Financial

FULT · Nasdaq · Financials · Financials, fiscal 2016 to 2025

FULT · Last close · November 6, 2026

$23.76

Fulton Financial's revenue rose 6.2% to $1.3 billion in fiscal 2025. Net income was $392 million, up 35.6%. Its return on equity was 11.7%, up from 9.7% a year earlier. Its efficiency ratio was 60.3%, down from 66.3% a year earlier. It paid out $207 million in dividends and buybacks. The diluted share count rose 3.4%.

FULTON FINANCIAL CORP Latest fiscal year ended December 31, 2025 10-K filed February 27, 2026 · 0000700564-26-000006 Updated November 7, 2026

Revenue

$1.3B

6.2%

Net income

$392M

35.6%

Return on equity

11.7%

2.0 pts

Return on tangible equity

14.9%

2.2 pts

Efficiency ratio

60.3%

6.0 pts

Market cap

$4.6B

Nov 6 close

P/E

11.1x

On $2.15 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

What Fulton Financial does

Fulton Financial is a Pennsylvania bank and financial holding company. Through its bank, Fulton Bank, it offers consumer banking, commercial banking and wealth management, mainly in a five-state area: Pennsylvania, Delaware, Maryland, New Jersey and Virginia. It stresses relationship banking and a community-oriented style.

Consumers get checking and savings accounts, certificates of deposit, mortgages, home equity loans and lines of credit, and auto, student and personal loans. Businesses, generally small and mid-sized ones with annual gross revenue under $500 million, get commercial real estate, commercial and industrial and construction loans, equipment leasing and cash management. Wealth management covers investment management, trust, brokerage, insurance and advice. As a bank, it earns money mainly from interest on loans and securities and from fees on its services.

A large part of its loan portfolio is commercial loans, commercial mortgages and construction loans, but it says it does not depend on one or a few customers. In November 2025 it agreed to merge with Blue Foundry, a deal it expects to close around April 1, 2026.

Its biggest risks, as it describes them

Weak economic and market conditions hurting the business.
Interest rate changes that affect loan demand, funding costs, borrowers' ability to repay and securities values.
Credit risk from a loan book with many commercial mortgage loans.
Needing to raise capital, or failing to meet capital standards.
Heavy regulation and the risks of the pending merger with Blue Foundry.

From Fulton Financial's annual report on Form 10-K, filed February 27, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 9.4% a year and net income 10.3% a year, as new shares raised the share count by 5% and diluted each share's earnings.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	18,076	20,010	21,058	—	—
Deposits	21,574	20,650	21,538	26,129	26,589
Loans to deposits	83.8%	96.9%	97.8%	—	—
Provision for credit losses	−15	28	54	72	36
Provision to average loans	−0.1%	0.1%	0.3%	—	—
Total assets	25,796	26,932	27,572	32,072	32,118
Shareholders' equity	2,713	2,580	2,760	3,197	3,490

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Fulton Financial's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open Fulton Financial's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, no insider bought Fulton Financial shares on the open market, and 4 insiders sold $1.4 million, $979,252 of it under trading plans set up in advance.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Aug 5, 2026	Lisa CrutchfieldDirector	Sold	4,100	$24.80	$101,680	Form 4
Aug 4, 2026	Angela M SargentSEVP & Chief Info Officer	Sold	12,562	$24.84	$312,040	Form 4
Jul 13, 2026	Wenger E PhilipDirector	Sold plan	5,000	$24.14	$120,700	Form 4
May 4, 2026	Curtis J MyersChairman & CEO, Director	Sold plan	30,748	$21.26	$653,702	Form 4
Apr 13, 2026	Wenger E PhilipDirector	Sold plan	5,000	$21.42	$107,100	Form 4
Jan 12, 2026	Wenger E PhilipDirector	Sold plan	5,000	$19.55	$97,750	Form 4

Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Fulton Financial side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

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Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	711	783	826	864	859	938	1,009	1,082	1,236	1,313
Revenue growth	4.3%	10.2%	5.4%	4.7%	−0.7%	9.2%	7.6%	7.3%	14.2%	6.2%
Net interest income	521	575	630	648	629	664	782	854	960	1,036
Noninterest income	190	208	196	216	229	274	227	228	276	277
Noninterest expense	490	526	546	568	579	618	634	679	820	792
Provision for credit losses	—	—	—	—	77	−15	28	54	72	36
Net income	162	172	208	226	178	276	287	284	289	392
Diluted EPS (US$)	0.93	0.98	1.18	1.35	1.08	1.62	1.67	1.64	1.57	2.08
Diluted shares (millions)	174	176	176	168	163	163	166	167	177	183
Payouts
Dividends paid	69	80	90	92	91	112	116	116	132	141
Share buybacks	18	0	95	112	40	44	0	77	30	66
Balance sheet at fiscal year end
Loans, net	14,531	15,598	16,005	16,674	18,623	18,076	20,010	21,058	—	—
Deposits	15,013	15,798	16,376	17,394	20,839	21,574	20,650	21,538	26,129	26,589
Total assets	18,944	20,037	20,682	21,886	25,907	25,796	26,932	27,572	32,072	32,118
Shareholders' equity	2,121	2,230	2,248	2,342	2,617	2,713	2,580	2,760	3,197	3,490
Ratios
Return on equity	7.8%	7.9%	9.3%	9.9%	7.2%	10.3%	10.8%	10.7%	9.7%	11.7%
Return on tangible common equity	10.4%	—	—	9.9%	8.3%	13.7%	14.5%	14.3%	12.7%	14.9%
Return on assets	0.9%	0.9%	1.0%	1.1%	0.8%	1.1%	1.1%	1.0%	1.0%	1.2%
Efficiency ratio	68.8%	67.1%	66.1%	65.7%	67.5%	65.9%	62.8%	62.8%	66.3%	60.3%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Fulton Financial's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Fulton Financial.