Fulton Financial (FULT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Fulton Financial

NasdaqGS•Financial Services•Banks - Regional

$23.46-0.29(-0.01%)Pre-market

Market Cap

$4.48B

P/E

11.3x

P/S

2.3x

P/B

1.2x

Fulton Financial Corporation operates as the bank holding company for Fulton Bank that provides banking and financial products and services in the United States. It provides various checking accounts and savings deposit products, and certificates of deposit. The company also offers consumer loans products, including home equity loans and lines of credit; construction and jumbo residential mortgage loans; automobile, student, and personal loans; account overdraft protection; commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans. In addition, it offers letters of credit, cash management services, and traditional deposit products; and wealth management services, including investment management, trust, brokerage, insurance, and investment advisory services. Further, the company owns trust preferred securities; and sells various life insurance products. It provides its products and services through financial center locations, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. The company was founded in 1882 and is headquartered in Lancaster, Pennsylvania.

How this company scores

WeakMetricSide Score: 73/100

Grade capped at D — Interest coverage below 1× (0.9x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (21/25); weakest: Growth (14/25).

Profitability20/25

Growth14/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowStrong marginsRising earningsLow leverage

Grade capped at D

Interest coverage below 1× (0.9x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.3x5y range 6.8x – 12.3x

Currently near its 20-quarter median.

P/S · 2.3x5y range 1.3x – 2.9x

Currently near its 20-quarter median.

P/B · 1.2x5y range 0.8x – 1.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Revenue Decline

Red Flag

Revenue declined in 5 of the last 7 quarters — persistent contraction signals a fundamental problem.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $4.48B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.92B
Q. Revenue: $507.46M
TTM EBITDA: $520.08M
TTM Op. Income: $492.71M
Q. Op. Income: $127.71M
TTM Net Income: $396.60M
Q. Net Income: $102.41M
EPS: $0.52
Shares Out.: $191.39M

$1.92B in TTM revenue grew 0.8% YoY, reaching $507.46M last quarter. TTM EBITDA of $520.08M and TTM operating income of $492.71M show growth is flowing through to the bottom line. TTM net income of $396.60M means revenue is converting into profit. Over the past year, TTM revenue is up 1% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 71.6%
EBITDA Margin: 26.3%
Op. Margin: 25.2%
Net Margin: 20.2%

Op. margin of 25.2% is down 0.8% YoY — costs are rising relative to revenue. Net margin at 20.2% and gross margin of 71.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 3% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.3x
P/S Ratio: 2.3x
P/B Ratio: 1.2x

At 11.3x P/E, the stock trades below typical market levels. P/S of 2.3x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 11% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $34.56B
Cash: $1.26B
Long-Term Debt: $1.02B
Book Value: $3.82B
D/E Ratio: 0.3
Debt/EBITDA: 7.6

With $34.56B in assets and $1.02B in long-term debt, D/E is 0.3and book value is $3.82B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 24% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $99.70M
TTM Free Cash Flow: $412.21M
FCF Margin: 21.4%
FCF / Net Income: 1.0

TTM FCF of $412.21M on $99.70M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.