Company profile

Ticker
FULT
Exchange
Website
CEO
E. Philip Wenger
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
232195389

FULT stock data

(
)

Calendar

11 May 20
11 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 54.6M 55.28M 55.32M 54.14M
Net income 26.05M 47.79M 62.11M 59.78M
Diluted EPS 0.16 0.29 0.37 0.35
Net profit margin 47.71% 86.45% 112% 110%
Net change in cash 338.57M -80.82M 99.8M 57.42M
Cash on hand 856.36M 517.79M 598.61M 498.81M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 211.43M 195.49M 198.9M 187.63M
Net income 226.34M 208.39M 171.75M 161.63M
Diluted EPS 1.35 1.18 0.98 0.93
Net profit margin 107% 107% 86.35% 86.14%
Net change in cash 72.1M 43.59M 49.57M 21.11M
Cash on hand 517.79M 445.69M 402.1M 352.53M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
22 Jun 20 Myers Curtis J $2.50 par value Common Stock Option exercise Aquire M No 9.475 7,500 71.06K 66,245.103
22 Jun 20 Myers Curtis J Stock Option $2.50 par value Common Stock Option exercise Dispose M No 9.475 7,500 71.06K 0
11 Jun 20 Myers Curtis J $2.50 par value Common Stock Other Aquire J No 8.9505 451.205 4.04K 58,745.103
4 Jun 20 Sargent Angela M $2.50 par value Common Stock Sell Dispose S No 11.5937 8,172 94.74K 50,729.816
4 Jun 20 Sargent Angela M $2.50 par value Common Stock Option exercise Aquire M No 9.475 8,172 77.43K 58,901.816
4 Jun 20 Sargent Angela M Stock Option $2.50 par value Common Stock Option exercise Dispose M No 9.475 8,172 77.43K 0
3 Jun 20 Campbell David M $2.50 par value Common Stock Sell Dispose S No 11.2984 2,302 26.01K 11,902
1 Jun 20 Lisa Crutchfield RSU $2.50 par value Common Stock Grant Aquire A No 0 5,500 0 9,455.156
1 Jun 20 Moxley James R Iii $2.50 par value Common Stock Option exercise Aquire M No 0 3,955.156 0 60,761.458
1 Jun 20 Moxley James R Iii RSU $2.50 par value Common Stock Grant Aquire A No 0 5,500 0 5,500
64.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 234 254 -7.9%
Opened positions 21 40 -47.5%
Closed positions 41 33 +24.2%
Increased positions 73 64 +14.1%
Reduced positions 82 96 -14.6%
13F shares
Current Prev Q Change
Total value 4.31B 7.19B -40.1%
Total shares 104.75M 110.74M -5.4%
Total puts 141.8K 132.7K +6.9%
Total calls 46.3K 101K -54.2%
Total put/call ratio 3.1 1.3 +133.1%
Largest owners
Shares Value Change
BLK BlackRock 19.46M $223.55M -1.2%
Vanguard 16.3M $187.32M +3.4%
Dimensional Fund Advisors 12.58M $144.57M -6.1%
STT State Street 6.45M $74.98M -1.4%
NTRS Northern Trust 4.21M $48.39M +0.2%
Fuller & Thaler Asset Management 3.26M $37.47M +2.2%
JHG Janus Henderson 3.06M $35.11M -12.3%
Geode Capital Management 2.7M $31.02M +3.6%
IVZ Invesco 2.49M $28.57M +1.3%
BK Bank Of New York Mellon 2.34M $26.83M +1.8%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.8M EXIT
Grantham, Mayo, Van Otterloo & Co. 426.37K -892.43K -67.7%
Dimensional Fund Advisors 12.58M -811.7K -6.1%
Vanguard 16.3M +543.19K +3.4%
Arrowstreet Capital, Limited Partnership 0 -456.78K EXIT
JHG Janus Henderson 3.06M -430.49K -12.3%
Victory Capital Management 2.22M -418.39K -15.9%
Wedge Capital Management L L P 11.24K -326.75K -96.7%
GS The Goldman Sachs Group, Inc. 393.01K -308.49K -44.0%
MS Morgan Stanley 123.16K -274.86K -69.1%

Financial report summary

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Risks
  • Difficult conditions in the economy and the financial markets may materially adversely affect the Corporation's business and results of operations.
  • The Corporation is subject to certain risks in connection with the establishment and level of its allowance for credit losses.
  • The composition of the Corporation's loan and lease portfolio and competition for loans and leases subject the Corporation to credit risk.
  • The Corporation is subject to interest rate risk.
  • The planned phasing out of LIBOR as a financial benchmark presents risks to the financial instruments originated or held by the Corporation.
  • Changes in interest rates can affect demand for the Corporation's products and services.
  • Price fluctuations in securities markets, as well as other market events, such as a disruption in credit and other markets and the abnormal functioning of markets for securities, could have an impact on the Corporation's results of operations.
  • The Corporation and Fulton Bank are subject to extensive regulation and supervision and may be adversely affected by changes in laws and regulations or any failure to comply with laws and regulations.
  • Failure to comply with the BSA, the Patriot Act and related AML requirements, or with sanctions laws, could subject the Corporation to enforcement actions, fines, penalties, sanctions and other remedial actions.
  • The Dodd-Frank Act continues to have a significant impact on the Corporation's business and results of operations.
  • Negative publicity could damage the Corporation's reputation and business.
  • From time to time the Corporation may be the subject of litigation and governmental or administrative proceedings. Adverse outcomes of any such litigation or proceedings may have a material adverse impact on the Corporation's business and results of operations as well as its reputation.
  • The Corporation may not be able to achieve its growth plans.
  • The Corporation faces a variety of risks in connection with completed and potential acquisitions.
  • The competition the Corporation faces is significant and may reduce the Corporation's customer base and negatively impact the Corporation's results of operations.
  • If the goodwill that the Corporation has recorded or records in the future in connection with its acquisitions becomes impaired, it could have a negative impact on the Corporation's results of operations.
  • Changes in accounting policies, standards, and interpretations could materially affect how the Corporation reports its financial condition and results of operations.
  • The Corporation is exposed to many types of operational and other risks, and the Corporation's framework for managing risks may not be effective in mitigating risk.
  • The Corporation's operational risks include risks associated with third-party vendors and other financial institutions.
  • The Corporation's internal controls may be ineffective.
  • Loss of, or failure to adequately safeguard, confidential or proprietary information may adversely affect the Corporation's operations, net income or reputation.
  • The Corporation is subject to a variety of risks in connection with origination and sale of loans.
  • The Corporation continually encounters technological change.
  • The Corporation may not be able to attract and retain skilled people.
  • The Corporation's future growth may require the Corporation to raise additional capital in the future, but that capital may not be available when it is needed or may be available only at an excessive cost.
  • Capital requirements have been adopted by U.S. banking regulators that may limit the Corporation's ability to return earnings to shareholders or operate or invest in its business.
  • The Corporation is a holding company and relies on dividends and other payments from its subsidiaries for substantially all of its revenue and its ability to make dividend payments, distributions and other payments.
  • A downgrade in the credit ratings of the Corporation or Fulton Bank could have a material adverse impact on the Corporation.
  • Anti-takeover provisions could negatively impact the Corporation's shareholders.
Management Discussion
  • (1)Includes dividends earned on equity securities.
  • (2)Average balances include non-performing loans and leases.
  • (3)Average balances include amortized historical cost for available for sale securities; the related unrealized holding gains (losses) are included in other assets.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
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