Fulton Financial Past Earnings Performance
Past criteria checks 5/6
Fulton Financial has been growing earnings at an average annual rate of 8%, while the Banks industry saw earnings growing at 3.2% annually. Revenues have been growing at an average rate of 7.8% per year. Fulton Financial's return on equity is 11.2%, and it has net margins of 29.7%.
Key information
8.04%
Earnings growth rate
5.23%
EPS growth rate
| Banks Industry Growth | 11.18% |
| Revenue growth rate | 7.78% |
| Return on equity | 11.22% |
| Net Margin | 29.69% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 03
FULT: Higher Expected P/E And Buybacks Will Shape Future Return Profile
Analysts have nudged their price targets on Fulton Financial higher by $1, reflecting updated views on the stock's future P/E multiple while keeping fair value, discount rate, revenue growth, and profit margin assumptions essentially unchanged. What's in the News From January 1, 2026 to March 31, 2026, Fulton Financial repurchased 1,212,650 shares, representing 0.67% of its shares, for US$24.5 million under the buyback announced on December 16, 2025.Narrative Update • May 10
FULT: Republic First And Blue Foundry Integration Progress Will Guide Measured Future Returns
Analysts have nudged the implied fair value for Fulton Financial higher by about $0.60 to $23.50, citing updated expectations for revenue growth following recent commentary on the Republic First and Blue Foundry deals and a slightly higher assumed P/E multiple. Analyst Commentary Recent research coverage on Fulton Financial has focused on how the Republic First and Blue Foundry deals could feed into revenue, earnings visibility, and the implied fair value of the stock.Narrative Update • Apr 23
FULT: Republic First And Blue Foundry Integrations Will Shape Measured Future Upside
Analysts now place Fulton Financial's price target at $24, a change of about $1. They cite gradually emerging revenue synergies from the Republic First acquisition and a slower expected revenue ramp from the Blue Foundry deal.Narrative Update • Apr 08
FULT: Republic First Integration And Buybacks Will Shape Measured Future Upside
Analysts have trimmed their average price target on Fulton Financial by about $0.33 to roughly $22.92. This reflects updated views on fair value, revenue growth assumptions, profit margins, and future P/E after recent commentary around the Republic First and Blue Foundry deals.Narrative Update • Mar 25
FULT: Republic First Integration And Buybacks Will Support Future Upside Potential
Analysts have nudged their price outlook for Fulton Financial to $24, pointing to steady fair value assumptions and ongoing integration of recent deals, with revenue benefits from Republic First progressing and Blue Foundry expected to contribute over a longer horizon. Analyst Commentary Recent research coverage clusters around a $24 price objective, with analysts focusing on how effectively Fulton Financial turns recent acquisitions into consistent earnings and return potential for shareholders.Narrative Update • Mar 08
FULT: Republic First Synergies And Buybacks Will Shape Future Upside Potential
Narrative Update: Fulton Financial Analyst Price Target Shift The analyst price target for Fulton Financial has been adjusted from $22.75 to $23.25. This reflects updated assumptions on revenue growth and profit margins as analysts weigh gradual benefits from the Republic First deal against a slower expected contribution from Blue Foundry.Narrative Update • Feb 22
FULT: Blue Foundry Deal And Buybacks Will Shape Balanced Future Returns
Narrative Update: Fulton Financial Analyst Price Target Shift Analysts have raised their price target on Fulton Financial by $1 to $21, citing expectations that the Blue Foundry Bancorp acquisition will contribute positively to the company's bottom line. Analyst Commentary Bullish analysts see the higher $21 price target as a reflection of added earnings potential from the Blue Foundry Bancorp deal, even while keeping a more neutral rating on the stock overall.Narrative Update • Feb 08
FULT: Blue Foundry Deal And Buybacks Will Support Balanced Future Returns
Narrative Update on Fulton Financial Analysts have raised their price expectations for Fulton Financial. The fair value estimate has moved from US$21.70 to US$22.75, supported by recent Street research that highlights higher price targets and potential bottom line contribution from the Blue Foundry Bancorp acquisition.Narrative Update • Jan 25
FULT: Blue Foundry Deal And Buybacks Will Shape Balanced Return Outlook
Narrative Update Analysts have lifted their price target on Fulton Financial to $21 from $20, citing expectations that the Blue Foundry Bancorp acquisition will contribute to earnings and support a fair value estimate of $21.70 with updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research around Fulton Financial focuses on how the Blue Foundry Bancorp acquisition could influence earnings and support the updated price target of $21.Seeking Alpha • Jan 23
Fulton Financial's Strong Showing Justifies More Optimism
Summary Fulton Financial Corporation remains a Buy as fundamentals strengthen, with shares outperforming the S&P 500 since the last upgrade. FULT delivered organic deposit and loan growth, improved net interest margin to 3.59%, and reduced leverage, supporting higher profit margins. Valuation is compelling: FULT trades at a 9.3x P/E, below peers, and demonstrates strong asset quality with ROA at 1.23% and ROE at 11.69%. Management guides to mid-single-digit loan growth and higher net interest income in 2026, with credit quality metrics trending favorably despite room for improvement. Read the full article on Seeking AlphaAnalysis Article • Dec 20
Fulton Financial (NASDAQ:FULT) Is Paying Out A Larger Dividend Than Last Year
Fulton Financial Corporation ( NASDAQ:FULT ) has announced that it will be increasing its dividend from last year's...Analysis Article • Jun 16
Fulton Financial (NASDAQ:FULT) Ticks All The Boxes When It Comes To Earnings Growth
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Mar 22
Fulton Financial (NASDAQ:FULT) Has Affirmed Its Dividend Of $0.18
Fulton Financial Corporation ( NASDAQ:FULT ) will pay a dividend of $0.18 on the 15th of April. This means the annual...Seeking Alpha • Feb 11
Fulton Financial Corporation: No Upgrade At This Time
Summary Fulton Financial Corporation has seen significant growth, with deposits and loans increasing, but the stock remains a 'hold' due to interest rate exposure and valuation concerns. The company's balance sheet has strengthened, with notable increases in deposits, loans, and cash, alongside a reduction in debt. Despite higher net interest and non-interest income, net profits only marginally increased due to acquisition-related costs. Fulton Financial's asset quality is solid but not exceptional, and its valuation metrics are not compelling enough to upgrade from a 'hold'. Read the full article on Seeking AlphaSeeking Alpha • Nov 25
Fulton Financial: Potential Headwinds In The Short Term
Summary Fulton Financial Corporation has shown strong performance, with a 38% stock increase, but I maintain a hold rating due to potential headwinds from declining interest rates. The acquisition of Republic Bank has strengthened FULT's financial structure, but interest rate neutrality has not yet been achieved, posing risks. Shareholder remuneration is solid with a 3.15% dividend yield and potential for 7-8% annual growth, though capital gains seem limited. Despite a positive 2024 outlook, 2025 may face challenges from lower rates and modest loan growth, warranting a cautious approach. Read the full article on Seeking Alpha
New Narrative • Oct 20
The Republic Integration And Tactical Initiatives Poised To Fuel Robust Growth And Efficiency
Integration of Republic Bank and the FultonFirst initiative is expected to enhance productivity, improve margins, and foster growth.Seeking Alpha • Sep 09
Fulton Financial Corp: Time To Lower Expectations (Rating Downgrade)
Summary Fulton Financial Corporation's stock surged 29% since February, outperforming the S&P 500, driven by a strategic asset acquisition and solid operational performance. Despite impressive growth, the stock's current trading multiples and mixed asset quality prompt a downgrade from 'buy' to 'hold'. Recent financials show increased net interest and non-interest income, bolstered by a significant acquisition of Republic First Bank's assets and deposits. While Fulton Financial remains relatively cheap compared to peers, its return on assets and equity present a mixed picture, suggesting better investment opportunities elsewhere. Read the full article on Seeking AlphaAnalysis Article • Jul 19
Results: Fulton Financial Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
Fulton Financial Corporation ( NASDAQ:FULT ) defied analyst predictions to release its quarterly results, which were...Seeking Alpha • Feb 05
Fulton Financial: A Decent Prospect In The Banking Sector
Summary Fulton Financial Corporation is a small regional bank with a market capitalization of $2.67 billion. The bank has a wide reach, with customers spread across 534,000 households and 744,000 deposit accounts. While the bank has shown decent growth in deposits and loans, its bottom line has struggled to see significant increases. Despite this, shares are priced low enough and the quality of the institution is high enough to warrant a bit of optimism. Read the full article on Seeking AlphaAnalysis Article • Jan 19
Fulton Financial Corporation Recorded A 5.7% Miss On Revenue: Analysts Are Revisiting Their Models
It's shaping up to be a tough period for Fulton Financial Corporation ( NASDAQ:FULT ), which a week ago released some...Analysis Article • Dec 27
If EPS Growth Is Important To You, Fulton Financial (NASDAQ:FULT) Presents An Opportunity
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Fulton Financial makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 1,290 | 383 | 678 | 0 |
| 31 Dec 25 | 1,277 | 381 | 668 | 0 |
| 30 Sep 25 | 1,270 | 351 | 657 | 0 |
| 30 Jun 25 | 1,212 | 314 | 673 | 0 |
| 31 Mar 25 | 1,199 | 310 | 685 | 0 |
| 31 Dec 24 | 1,148 | 278 | 678 | 0 |
| 30 Sep 24 | 1,083 | 274 | 663 | 0 |
| 30 Jun 24 | 1,030 | 283 | 627 | 0 |
| 31 Mar 24 | 1,038 | 268 | 595 | 0 |
| 31 Dec 23 | 1,028 | 274 | 581 | 0 |
| 30 Sep 23 | 1,034 | 292 | 570 | 0 |
| 30 Jun 23 | 1,029 | 290 | 564 | 0 |
| 31 Mar 23 | 1,000 | 281 | 550 | 0 |
| 31 Dec 22 | 980 | 277 | 541 | 0 |
| 30 Sep 22 | 942 | 257 | 530 | 0 |
| 30 Jun 22 | 920 | 261 | 513 | 0 |
| 31 Mar 22 | 901 | 256 | 504 | 0 |
| 31 Dec 21 | 942 | 265 | 502 | 0 |
| 30 Sep 21 | 933 | 255 | 490 | 0 |
| 30 Jun 21 | 909 | 243 | 485 | 0 |
| 31 Mar 21 | 880 | 220 | 487 | 0 |
| 31 Dec 20 | 792 | 176 | 489 | 0 |
| 30 Sep 20 | 769 | 175 | 473 | 0 |
| 30 Jun 20 | 777 | 176 | 478 | 0 |
| 31 Mar 20 | 802 | 196 | 481 | 0 |
| 31 Dec 19 | 826 | 226 | 477 | 0 |
| 30 Sep 19 | 831 | 237 | 484 | 0 |
| 30 Jun 19 | 821 | 240 | 478 | 0 |
| 31 Mar 19 | 780 | 216 | 466 | 0 |
| 31 Dec 18 | 776 | 208 | 466 | 0 |
| 30 Sep 18 | 773 | 184 | 463 | 0 |
| 30 Jun 18 | 756 | 168 | 456 | 0 |
| 31 Mar 18 | 768 | 178 | 454 | 0 |
| 31 Dec 17 | 744 | 172 | 440 | 0 |
| 30 Sep 17 | 728 | 180 | 436 | 0 |
| 30 Jun 17 | 714 | 172 | 430 | 0 |
| 31 Mar 17 | 706 | 167 | 423 | 0 |
| 31 Dec 16 | 698 | 162 | 423 | 0 |
| 30 Sep 16 | 697 | 158 | 418 | 0 |
| 30 Jun 16 | 685 | 151 | 419 | 0 |
| 31 Mar 16 | 678 | 148 | 420 | 0 |
| 31 Dec 15 | 680 | 150 | 404 | 0 |
| 30 Sep 15 | 670 | 149 | 421 | 0 |
| 30 Jun 15 | 674 | 153 | 419 | 0 |
Quality Earnings: FULT has high quality earnings.
Growing Profit Margin: FULT's current net profit margins (29.7%) are higher than last year (25.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FULT's earnings have grown by 8% per year over the past 5 years.
Accelerating Growth: FULT's earnings growth over the past year (23.8%) exceeds its 5-year average (8% per year).
Earnings vs Industry: FULT earnings growth over the past year (23.8%) exceeded the Banks industry 22.8%.
Return on Equity
High ROE: FULT's Return on Equity (11.2%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/05 21:29 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fulton Financial Corporation is covered by 20 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jason Goldberg | Barclays |
| Russell Elliott Gunther | BofA Global Research |
| Christopher Marinac | Brean Capital Historical (Janney Montgomery) |