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what it is
Fulton is a regional bank that takes deposits, makes loans, and sells wealth services across five Mid-Atlantic states.
how it gets paid
Last year Fult made $1.6B in revenue. net interest income was the main engine at $1.14B, or 71% of sales.
why it's growing
Revenue grew 2.2% last year. Annual revenue was $1.6B, up 2.2% vs. prior year, while full-year EPS eased from $1.64 in 2023 to $1.57 in 2024.
what just happened
Revenue hit $1.2B and EPS came in at $1.55, but the steadier read is the quarterly EPS history that ended 2024 at $0.36.
At a glance
B+ balance sheet — decent shape, but not bulletproof
85/100 earnings predictability — you can trust these numbers
10.5x trailing p/e — the market's not buying it — or you found a deal
3.9% dividend yield — cash in your pocket every quarter
$1.57 fy2024 eps est
xvary composite: 73/100 — average
What they do
Fulton is a regional bank that takes deposits, makes loans, and sells wealth services across five Mid-Atlantic states.
Fulton wins by being close enough to matter and broad enough to keep your whole financial life in one place. It runs in a five-state market with more than 200 branches and ATMs, so your checking, mortgage, business loan, and trust account can sit under one roof. That convenience is the moat: switching banks sounds easy until your cash management, loans, and bill pay are all wired into one system.
How they make money
$1.6B
annual revenue · their business grew +2.2% last year
net interest income
$1.14B
wealth management
$0.14B
service charges and fees
$0.13B
card, mortgage, and other banking fees
$0.11B
insurance, brokerage, and advisory
$0.08B
The products that matter
business lending
Commercial & Industrial Loans
2026 guide · mid-single-digit growth
this is the core earning engine, and management is guiding to mid-single-digit growth in 2026. if that growth shows up, the cheap multiple starts to make sense.
core driver
consumer deposits and loans
Personal Banking
200+ branches · five states
the branch network funds the loan book across five mid-atlantic states. useful scale, yes. pricing power, no.
funding base
all-stock expansion deal
Blue Foundry Bancorp Acquisition
pending integration
the deal adds scale without using cash, but your upside depends on execution. if integration slips, dilution was the easy part and the benefits never arrive.
catalyst watch
Key numbers
10.5x
trailing p/e
P/E → how many dollars you pay for $1 of profit → so what: you are paying a low multiple for a bank still earning $1.57 to $1.87 a share.
3.9%
dividend yield
Dividend yield → cash paid to you each year as a share of the stock price → so what: the payout gives you income while you wait for the multiple to move.
$1.8B
long-term debt
Long-term debt → borrowed money that stays on the balance sheet → so what: it equals 33% of capital, which is manageable but leaves less room if credit costs rise.
85
earnings predictability
Earnings predictability → how steady profits have been over time → so what: Fulton has been fairly stable for a regional bank, which supports the dividend case.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 1 — safer than 95% of stocks
- price stability 65 / 100
- long-term debt $1.8B (33% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for FULT right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $1.2B and EPS came in at $1.55, but the steadier read is the quarterly EPS history that ended 2024 at $0.36.
Annual revenue was $1.6B, up 2.2% vs. prior year, while full-year EPS eased from $1.64 in 2023 to $1.57 in 2024. That is the quiet part: headline quarter strength and full-year drift can both be true.
$1.2B
revenue
$1.55
eps
30.66%
profit margin
the number that mattered
The number that mattered was $1.57 in full-year EPS, because the stock at $20 already reflects a bank that is stable, not one that is accelerating.
source: company earnings report, 2026
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What could go wrong
the #1 risk is rate-sensitive core earnings leaning on fading purchase-accounting income.
med
shrinking purchase-accounting accretion
purchase accounting income fell to $11.4M from $13.1M. that's a $1.7M headwind. small in absolute dollars, but it matters because it flatters reported earnings less than it did before.
earnings quality risk
high
the rate path is doing a lot of work
management's 2026 guide assumes a 125-basis-point fed cut in march. when your revenue mix is $1.12B of net interest income and $480M of noninterest income, that assumption is not background noise.
net interest income risk
med
credit demand and credit quality can weaken together
the company itself is flagging tariff effects and broader economic uncertainty. for a regional bank, that can mean slower loan growth and worse borrower performance at the same time. that's an ugly combo.
core franchise risk
low
blue foundry integration can dilute without delivering
the acquisition is all-stock, which keeps cash intact but puts your share count to work immediately. if integration misses, shareholders feel the dilution before they feel the benefits.
execution risk
a $1.7M decline in purchase-accounting income is small against $297.4M in nine-month operating net income, but it still means more of the dividend and valuation story has to come from actual core banking performance.
source: institutional data · regulatory filings · risk analysis
Pay attention to
fed path
the 125-basis-point march cut assumption
management built 2026 expectations around that rate move. if the fed does less, or later, the net interest income outlook changes with it.
loan growth
mid-single-digit growth needs to show up
that's management's target for 2026. if growth stays sluggish, the cheap multiple may be accurate rather than generous.
earnings quality
whether core profits replace the $1.7M lost tailwind
purchase accounting income is getting smaller. you want operating momentum to be the reason earnings hold up next, not accounting residue.
integration
blue foundry closing and execution
the all-stock deal can add scale, but only if systems, customers, and cost saves actually land. regional bank M&A looks easy in the deck and messier in real life.
Analyst rankings
earnings predictability
85 / 100
in human-speak, analysts think this bank usually behaves like a bank should — fewer drama-filled surprises, more steady quarters.
risk rank
1
that places it among the safer stocks in the dataset. safe does not mean exciting. it means blow-up risk looks lower than average.
source: institutional data
Institutional activity
institutional ownership data for FULT is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$20
current price
n/a
target midpoint · n/a from current
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