NasdaqGS:FULT

Stock Analysis Report

Executive Summary

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Fulton Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.3%

NasdaqGS:FULT

-1.8%

US Banks

0.2%

US Market


1 Year Return

-13.4%

NasdaqGS:FULT

-15.3%

US Banks

-0.7%

US Market

FULT matched the Banks industry (-13.6%) over the past year.

FULT underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

FULTIndustryMarket
7 Day-1.3%-1.8%0.2%
30 Day-4.9%-6.4%-2.7%
90 Day-5.8%-4.0%1.6%
1 Year-10.4%-13.4%-12.9%-15.3%1.6%-0.7%
3 Year22.2%12.0%41.3%31.7%40.0%30.9%
5 Year57.7%36.3%50.8%34.5%53.8%36.8%

Price Volatility Vs. Market

How volatile is Fulton Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fulton Financial undervalued based on future cash flows and its price relative to the stock market?

12%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Fulton Financial's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Fulton Financial's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Fulton Financial is good value based on earnings compared to the US Banks industry average.

Fulton Financial is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Fulton Financial earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Fulton Financial is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Fulton Financial expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

-0.08%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Fulton Financial's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).

Fulton Financial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Fulton Financial's revenue growth is positive but not above the United States of America market average.

Fulton Financial's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Fulton Financial's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Fulton Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Fulton Financial performed over the past 5 years?

7.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Fulton Financial's year on year earnings growth rate has been positive over the past 5 years.

Fulton Financial's 1-year earnings growth exceeds its 5-year average (43.3% vs 7%)

Fulton Financial's earnings growth has exceeded the US Banks industry average in the past year (43.3% vs 33.2%).


Return on Equity

Fulton Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Fulton Financial used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Fulton Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Fulton Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Fulton Financial has an acceptable proportion of non-loan assets held.

Fulton Financial has a sufficient allowance for bad loans.

Fulton Financial's liabilities are made up of primarily low risk sources of funding.

Fulton Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Fulton Financial are broadly funded by customer deposits.

Fulton Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Fulton Financial's current dividend yield, its reliability and sustainability?

3.50%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Fulton Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

Fulton Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).


Next Steps

Management

What is the CEO of Fulton Financial's salary, the management and board of directors tenure and is there insider trading?

3.9yrs

Average management tenure


CEO

Phil Wenger (61yo)

6.6yrs

Tenure

US$2,836,960

Compensation

Mr. E. Philip Wenger, also known as Phil, has been the Chairman and Chief Executive Officer of Fulton Financial Corporation since January 1, 2013. Mr. Wenger was the President at Fulton Financial Corporati ...


CEO Compensation Analysis

Phil's remuneration is lower than average for companies of similar size in United States of America.

Phil's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.9yrs

Average Tenure

54yo

Average Age

The tenure for the Fulton Financial management team is about average.


Board Age and Tenure

4.5yrs

Average Tenure

58yo

Average Age

The tenure for the Fulton Financial board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$50,73021 May 19
Michael DePorter
EntityIndividual
Role
Chief Accounting Officer
Executive VP
Shares3,000
Max PriceUS$16.91
SellUS$87,72210 May 19
David Campbell
EntityIndividual
Shares5,160.12
Max PriceUS$17.00
SellUS$224,05018 Dec 18
Angela Sargent
EntityIndividual
Role
Chief Information Officer
Senior EVP & Chief Information Officer
Shares13,780
Max PriceUS$16.26
SellUS$1018 Dec 18
George Hodges
EntityIndividual
Shares0.66
Max PriceUS$15.85
BuyUS$334,59606 Dec 18
Ronald Spair
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceUS$16.73
SellUS$914 Nov 18
Bernadette Taylor
EntityIndividual
Shares0.53
Max PriceUS$16.65
BuyUS$33,41113 Nov 18
Ernest Waters
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$16.71
BuyUS$100,03113 Nov 18
David Campbell
EntityIndividual
Shares6,002
Max PriceUS$16.67

Ownership Breakdown


Management Team

  • Phil Wenger (61yo)

    Chairman & CEO

    • Tenure: 6.6yrs
    • Compensation: US$2.84m
  • Mark McCollom (55yo)

    Senior EVP & CFO

    • Tenure: 1.4yrs
    • Compensation: US$1.04m
  • Michael DePorter

    Executive VP

    • Tenure: 6.3yrs
  • Daniel Stolzer (62yo)

    Senior EVP

    • Tenure: 1.6yrs
  • Angela Snyder (54yo)

    Senior EVP & Head of Consumer Banking

    • Tenure: 1.6yrs
    • Compensation: US$816.36k
  • Curt Myers (50yo)

    President

    • Tenure: 0.3yrs
    • Compensation: US$1.27m
  • Meg Mueller (54yo)

    Senior EVP & Head of Commercial Banking

    • Tenure: 6.6yrs
    • Compensation: US$785.02k
  • Angela Sargent (51yo)

    Senior EVP & Chief Information Officer

    • Tenure: 17.6yrs
  • Jason Weber

    Senior VP & Director of Corporate Development

    • Tenure: 0.0yrs
  • Laura Wakeley

    Senior Vice President of Corporate Communications

    • Tenure: 0.0yrs

Board Members

  • Ron Spair (63yo)

    Independent Director

    • Tenure: 3.9yrs
    • Compensation: US$128.52k
  • John Scaldara (55yo)

    Chairman & CEO of the Columbia Bank

    • Tenure: 0.0yrs
  • Scott Snyder (54yo)

    Independent Director

    • Tenure: 3.1yrs
    • Compensation: US$103.02k
  • Rob Moxley (58yo)

    Independent Lead Director

    • Tenure: 1.2yrs
    • Compensation: US$149.02k
  • Phil Wenger (61yo)

    Chairman & CEO

    • Tenure: 6.6yrs
    • Compensation: US$2.84m
  • Warner Knobe

    Chair of The Bank

    • Tenure: 0.0yrs
  • Lisa Crutchfield (55yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: US$119.52k
  • Denise Devine (63yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$127.52k
  • Ernie Waters (69yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$140.52k
  • Curt Myers (50yo)

    President

    • Tenure: 0.3yrs
    • Compensation: US$1.27m

Company Information

Fulton Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fulton Financial Corporation
  • Ticker: FULT
  • Exchange: NasdaqGS
  • Founded: 1882
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$2.629b
  • Shares outstanding: 166.27m
  • Website: https://www.fult.com

Number of Employees


Location

  • Fulton Financial Corporation
  • One Penn Square
  • PO Box 4887
  • Lancaster
  • Pennsylvania
  • 17604
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FULTNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 1984
FU5DB (Deutsche Boerse AG)YesCommon StockDEEURAug 1984

Biography

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings de ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 23:39
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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 here.