Fulton Financial (FULT)

Fulton, a $25.5 billion, Lancaster, Pa.-based financial holding company, has approximately 3,400 employees and operates approximately 225 branches in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through Fulton Bank, N.A.

Company profile

Ticker

FULT, FULTP

Exchange

NASDAQ

Website

www.fult.com

CEO

E. Philip Wenger

Incorporated

Pennsylvania

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

Citigroup • Wells Fargo & Co. • JPMorgan Chase & Co. • U.S. Bancorp. • PNC Financial Services • Capital One Financial • Shinhan Financial • HSBC USA • Regions Financial • Keycorp ...

SEC CIK

0000700564

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Fulton Financial Realty Company • Central Pennsylvania Financial Corp. • FFC Management, Inc. • Fulton Insurance Services Group, Inc. • FFC Penn Square, Inc. ...

IRS number

232195389

FULT stock data

1M 1Y 5Y

News

From Benzinga Pro

Fulton Financial Q2 EPS $0.42 Beats $0.37 Estimate

19 Jul 22

Fulton Financial (NASDAQ:FULT) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.37 by 13.51 percent. This is a 10.53 percent increase over earnings of $0.38 per share from

Earnings Preview: Fulton Financial

18 Jul 22

Fulton Financial (NASDAQ:FULT) is set to give its latest quarterly earnings report on Tuesday, 2022-07-19. Here's what investors need to know before the announcement. Analysts estimate that Fulton Financial will report an earnings per share (EPS) of $0.37.

Stocks That Hit 52-Week Lows On Thursday

14 Jul 22

On Thursday, 550 companies achieved new lows for the year.

Stocks That Hit 52-Week Lows On Wednesday

13 Jul 22

Stocks That Hit 52-Week Lows On Tuesday

5 Jul 22

Press releases

From Benzinga Pro

Fulton Financial Corporation Announces Second Quarter 2022 Results

19 Jul 22

Fulton Financial Corporation (NASDAQ:FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $67.4 million, or $0.42 per diluted share, for the second quarter of 2022, an increase

Fulton Financial Corporation announces dates for second quarter 2022 earnings release and webcast

14 Jul 22

Fulton Financial Corporation (NASDAQ:FULT) today announced that the company will distribute its second quarter 2022 earnings news release and accompanying charts on Tuesday, July 19 at approximately 4:30 p.m. Eastern

Fulton Financial Corporation Completes Acquisition of Prudential Bancorp, Inc.

1 Jul 22

Will Expand Fulton Bank's Presence in Philadelphia; $2 Million Pledged to Support Neighborhood Causes Fulton Financial Corporation (NASDAQ:FULT) ("Fulton") today announced the successful completion of its acquisition

Fulton Bank to Eliminate Consumer Non-Sufficient Funds and Extended Overdraft Fees

28 Jun 22

Fulton Financial Corporation Declares Quarterly Common and Preferred Dividends

21 Jun 22

Calendar

8 Aug 22

19 Aug 22

31 Dec 22

Financial summary

Financial statements Chart FULT financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	449.67M	449.67M	449.67M	449.67M	449.67M	449.67M
Cash burn (monthly)	236.1M	121.2M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	396.57M	203.58M	n/a	n/a	n/a	n/a
Cash remaining	53.1M	246.1M	n/a	n/a	n/a	n/a
Runway (months of cash)	0.2	2.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

FULT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Aug 22	Snyder Angela M	$2.50 par value Common Stock	Sell	Dispose S	No	No	17.5329	4,138	72.55K	37,489.659
9 Jun 22	Snyder Angela M	$2.50 par value Common Stock	Other	Acquire J	No	No	12.98	311.095	4.04K	41,197.461
1 Jun 22	Strauss Mark F.	RSU $2.50 par value Common Stock	Grant	Acquire A	No	No	0	4,465	0	18,340.819
1 Jun 22	Waters Ernest J	$2.50 par value Common Stock	Option exercise	Acquire M	No	No	0	1,793.658	0	33,761.298
1 Jun 22	Waters Ernest J	RSU $2.50 par value Common Stock	Option exercise	Dispose M	No	No	0	1,793.658	0	12,082.161
1 Jun 22	Etter Steven S	RSU $2.50 par value Common Stock	Grant	Acquire A	No	No	0	4,465	0	14,037.504
1 Jun 22	Lisa Crutchfield	RSU $2.50 par value Common Stock	Grant	Acquire A	No	No	0	4,465	0	18,340.819

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

FULT institutional ownership history Ownership history

64.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	272	272	–
Opened positions	35	34	+2.9%
Closed positions	35	20	+75.0%
Increased positions	91	102	-10.8%
Reduced positions	91	73	+24.7%

13F shares	Current	Prev Q	Change
Total value	1.55B	1.74B	-10.9%
Total shares	107.42M	104.96M	+2.3%
Total puts	15K	19.9K	-24.6%
Total calls	2.2K	71.8K	-96.9%
Total put/call ratio	6.8	0.3	+2360.0%

Largest owners	Shares	Value	Change
BLK Blackrock	22.55M	$325.77M	+3.3%
Vanguard	15.97M	$230.74M	-0.8%
Dimensional Fund Advisors	11.38M	$164.42M	+5.3%
STT State Street	8.27M	$120.72M	-7.5%
Geode Capital Management	2.97M	$42.88M	+1.2%
Fuller & Thaler Asset Management	2.74M	$39.63M	-6.2%
NTRS Northern Trust	2.28M	$32.88M	-2.6%
JHG Janus Henderson	2.16M	$31.15M	+5.8%
BK Bank Of New York Mellon	2.14M	$30.89M	-6.3%
Millennium Management	1.91M	$27.63M	+47.8%

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	22.55M	+723.57K	+3.3%
STT State Street	8.27M	-673.38K	-7.5%
Millennium Management	1.91M	+618.67K	+47.8%
Dimensional Fund Advisors	11.38M	+572.88K	+5.3%
MS Morgan Stanley	861.59K	+459.59K	+114.3%
Parametric Portfolio Associates	0	-434.94K	EXIT
Victory Capital Management	1.54M	+387.2K	+33.6%
FHI Federated Hermes	632.4K	+365.64K	+137.1%
Citadel Advisors	1.5M	+341.48K	+29.5%
Voloridge Investment Management	468.66K	+313.05K	+201.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

(1)Average balances include non-performing loans.
(2) Average balances include amortized historical cost for AFS securities; the related unrealized holding gains (losses) are included in other assets.
liabilities.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Bad

New words: advancing, auto, empowerment, focused, Foundation, hearing, July, moving, NaN, nonprofit, OCI, outlook, presence, scale, underserved

Removed: adversely, attributed, beginning, breadth, brokerage, criteria, declined, depend, description, determine, disrupted, effort, emerge, enhanced, February, globally, grew, highly, improved, index, obtaining, occurred, order, point, predicted, respond, social, spending, spread, substantial, transition, turn, United, utilization

From filing 10-Q 2022 Q2

Financial reports

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