What is Fulton Financial's earnings per share (EPS)?

Fulton Financial (FULT) reported diluted earnings per share of $2.08 for fiscal year 2025. This represents a 32.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Fulton Financial Financials

FULT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Fulton Financial (FULT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FULT FY2025 2026-04-22

FY2025 profit improved through better asset productivity, while cash conversion weakened and leverage stayed structurally high.

With assets essentially unchanged year over year at $32.1B, net income still rose sharply to $391.6M; the stronger year came from better asset productivity, not a larger balance sheet. But operating cash flow was only $304.5M against net income of $391.6M, so cash conversion lagged accounting profit just as reported earnings improved.

The balance sheet remains highly leveraged: FY2025 liabilities of $28.6B were supported by $3.5B of equity. Still, debt-to-equity improved to 8.2x from 9.0x, showing capital built a bit faster than obligations over the last year rather than leverage ratcheting higher.

Retained earnings reached $2.0B even after dividends paid of $141.2M, which means profit was still replenishing the capital base after shareholder distributions. Cash itself stayed near $1.1B, so liquidity looked steadier than earnings quality did, even though profit was not converting into operating cash as cleanly in FY2025.

Financial Health Signals

Financial Profile 14/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Fulton Financial's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Fulton Financial's revenue declined 6.5% year-over-year, from $296.0M to $276.8M. This contraction results in a growth score of 50/100.

Leverage

Fulton Financial has elevated debt relative to equity (D/E of 8.20), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Returns

Fulton Financial's ROE of 11.2% shows moderate profitability relative to equity, earning a score of 34/100. This is up from 9.0% the prior year.

Piotroski F-Score Weak

3/9

Fulton Financial passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

0.78x

For every $1 of reported earnings, Fulton Financial generates $0.78 in operating cash flow ($304.5M OCF vs $391.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$276.8M

YoY-6.5%

5Y CAGR+4.1%

10Y CAGR-7.2%

Fulton Financial generated $276.8M in revenue in fiscal year 2025. This represents a decrease of 6.5% from the prior year.

EBITDA

N/A

Net Income

$391.6M

YoY+35.6%

5Y CAGR+17.1%

10Y CAGR+10.1%

Fulton Financial reported $391.6M in net income in fiscal year 2025. This represents an increase of 35.6% from the prior year.

EPS (Diluted)

$2.08

YoY+32.5%

5Y CAGR+14.0%

10Y CAGR+9.4%

Fulton Financial earned $2.08 per diluted share (EPS) in fiscal year 2025. This represents an increase of 32.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.1B

YoY-0.2%

5Y CAGR-10.5%

10Y CAGR+12.3%

Fulton Financial held $1.1B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.73

YoY+5.8%

5Y CAGR+5.4%

10Y CAGR+6.7%

Fulton Financial paid $0.73 per share in dividends in fiscal year 2025. This represents an increase of 5.8% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

141.5%

YoY+44.0pp

5Y CAGR+62.8pp

10Y CAGR+115.9pp

Fulton Financial's net profit margin was 141.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 44.0 percentage points from the prior year.

Return on Equity

11.2%

YoY+2.2pp

5Y CAGR+4.4pp

10Y CAGR+3.9pp

Fulton Financial's ROE was 11.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$66.0M

YoY+117.6%

5Y CAGR+10.7%

10Y CAGR+2.8%

Fulton Financial spent $66.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 117.6% from the prior year.

Capital Expenditures

N/A

FULT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$276.8M-6.5%	$296.0M+29.6%	$228.4M+0.6%	$227.2M-5.4%	$240.2M+6.1%	$226.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$443.5M+2.5%	$432.8M+14.7%	$377.4M+5.8%	$356.9M+8.4%	$329.1M+1.5%	$324.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$580.5M-6.6%	$621.9M+48.4%	$418.9M+403.5%	$83.2M+39.4%	$59.7M-47.5%	$113.7M
Income Tax	$94.0M+68.2%	$55.9M-13.3%	$64.4M+7.3%	$60.0M+2.2%	$58.7M+142.8%	$24.2M
Net Income	$391.6M+35.6%	$288.7M+1.6%	$284.3M-0.9%	$287.0M+4.2%	$275.5M+54.7%	$178.0M
EPS (Diluted)	$2.08+32.5%	$1.57-4.3%	$1.64-1.8%	$1.67+3.1%	$1.62+50.0%	$1.08

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$70.0M-0.6%	$70.4M+1.8%	$69.1M+2.8%	$67.2M+2.0%	$65.9M+10.5%	$59.7M-47.3%	$113.3M+98.2%	$57.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$121.6M+9.3%	$111.3M+3.9%	$107.1M+3.5%	$103.5M-4.0%	$107.9M-9.2%	$118.8M+7.4%	$110.6M+15.9%	$95.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$137.4M-6.4%	$146.8M-0.7%	$147.8M-0.4%	$148.5M-7.6%	$160.7M-5.3%	$169.6M+6.8%	$158.8M+19.6%	$132.7M
Income Tax	$21.1M-22.7%	$27.3M+16.5%	$23.5M+6.2%	$22.1M+25.3%	$17.6M+7.1%	$16.5M+100.8%	$8.2M-39.8%	$13.6M
Net Income	$99.0M-1.5%	$100.5M+1.3%	$99.2M+6.7%	$93.0M+35.5%	$68.6M+8.6%	$63.2M-33.4%	$95.0M+53.3%	$61.9M
EPS (Diluted)	N/A	$0.530.0%	$0.53+8.2%	$0.49	N/A	$0.33-36.5%	$0.52+44.4%	$0.36

FULT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$32.1B+0.1%	$32.1B+16.3%	$27.6B+2.4%	$26.9B+4.4%	$25.8B-0.4%	$25.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.1B-0.2%	$1.1B+93.5%	$549.7M-19.4%	$681.9M-58.4%	$1.6B-11.3%	$1.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$553.3M0.0%	$553.3M0.0%	$553.3M+0.5%	$550.5M+3.0%	$534.3M+0.2%	$533.4M
Total Liabilities	$28.6B-0.9%	$28.9B+16.4%	$24.8B+1.9%	$24.4B+5.5%	$23.1B-0.9%	$23.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	$621.3M-52.1%	$1.3B
Total Equity	$3.5B+9.2%	$3.2B+15.8%	$2.8B+7.0%	$2.6B-4.9%	$2.7B+3.7%	$2.6B
Retained Earnings	$2.0B+14.0%	$1.8B+9.7%	$1.6B+11.6%	$1.5B+13.1%	$1.3B+14.4%	$1.1B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$32.1B+0.4%	$32.0B-0.1%	$32.0B-0.3%	$32.1B+0.2%	$32.1B-0.4%	$32.2B+1.3%	$31.8B+14.9%	$27.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.1B+30.4%	$814.2M+1.2%	$804.7M-21.9%	$1.0B-3.1%	$1.1B-26.2%	$1.4B+3.2%	$1.4B+290.8%	$357.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$553.3M	N/A	N/A	N/A	$553.3M	N/A	N/A	N/A
Total Liabilities	$28.6B+0.2%	$28.6B-0.5%	$28.7B-0.5%	$28.9B-0.1%	$28.9B-0.4%	$29.0B+1.1%	$28.7B+15.2%	$24.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.5B+2.3%	$3.4B+2.5%	$3.3B+1.7%	$3.3B+2.4%	$3.2B-0.2%	$3.2B+3.3%	$3.1B+12.5%	$2.8B
Retained Earnings	$2.0B+3.2%	$2.0B+3.4%	$1.9B+3.5%	$1.8B+3.2%	$1.8B+1.9%	$1.7B+1.7%	$1.7B+3.7%	$1.7B

FULT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$304.5M-26.9%	$416.6M+14.8%	$363.0M-39.0%	$594.8M+75.8%	$338.4M+115.0%	$157.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$82.2M-105.0%	$1.6B+301.3%	-$809.2M+47.3%	-$1.5B-630.9%	-$210.1M+91.6%	-$2.5B
Financing Cash Flow	-$224.6M+85.3%	-$1.5B-587.8%	$314.0M+2074.8%	-$15.9M+95.3%	-$337.5M-109.2%	$3.7B
Dividends Paid	$141.2M+7.2%	$131.7M+13.8%	$115.7M-0.2%	$116.0M+3.6%	$112.0M+23.2%	$91.0M
Share Buybacks	$66.0M+117.6%	$30.3M-60.6%	$77.1M	$0-100.0%	$43.9M+10.5%	$39.7M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$96.0M-17.3%	$116.1M+26.5%	$91.7M+12951.1%	$703K-99.5%	$127.9M+681.7%	-$22.0M-113.9%	$157.8M+3.2%	$152.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$122.4M+87.0%	$65.4M+133.4%	-$195.7M-163.2%	-$74.3M+62.5%	-$198.4M+46.0%	-$367.7M-114.7%	$2.5B+932.1%	-$299.9M
Financing Cash Flow	$29.1M+116.9%	-$172.0M-41.1%	-$121.9M-403.0%	$40.2M+113.1%	-$306.3M-170.6%	$434.1M+126.9%	-$1.6B-3456.3%	-$45.4M
Dividends Paid	$35.1M-0.5%	$35.3M-0.4%	$35.4M+0.1%	$35.4M-0.6%	$35.6M+10.5%	$32.2M-8.3%	$35.2M+22.5%	$28.7M
Share Buybacks	$19.9M-35.8%	$31.0M+113.7%	$14.5M+2540.9%	$550K	$0	$0	$0-100.0%	$30.3M

FULT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	141.5%+44.0pp	97.5%-26.9pp	124.5%-1.9pp	126.3%+11.7pp	114.7%+36.0pp	78.7%
Return on Equity	11.2%+2.2pp	9.0%-1.3pp	10.3%-0.8pp	11.1%+1.0pp	10.2%+3.4pp	6.8%
Return on Assets	1.2%+0.3pp	0.9%-0.1pp	1.0%-0.0pp	1.1%0.0pp	1.1%+0.4pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.20-0.8	9.03+0.0	8.99-0.5	9.44+9.2	0.23-0.3	0.50
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	141.4%-1.3pp	142.7%-0.8pp	143.5%+5.2pp	138.3%+34.2pp	104.1%-1.8pp	105.9%+22.1pp	83.8%-24.6pp	108.4%
Return on Equity	2.8%-0.1pp	2.9%-0.0pp	3.0%+0.1pp	2.8%+0.7pp	2.1%+0.2pp	2.0%-1.1pp	3.1%+0.8pp	2.3%
Return on Assets	0.3%0.0pp	0.3%0.0pp	0.3%+0.0pp	0.3%+0.1pp	0.2%0.0pp	0.2%-0.1pp	0.3%+0.1pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.20-0.2	8.37-0.3	8.62-0.2	8.81-0.2	9.03-0.0	9.05-0.2	9.24+0.2	9.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Fulton Financial's annual revenue?

Fulton Financial (FULT) reported $276.8M in total revenue for fiscal year 2025. This represents a -6.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Fulton Financial's revenue growing?

Fulton Financial (FULT) revenue declined by 6.5% year-over-year, from $296.0M to $276.8M in fiscal year 2025.

Is Fulton Financial profitable?

Yes, Fulton Financial (FULT) reported a net income of $391.6M in fiscal year 2025, with a net profit margin of 141.5%.

What is Fulton Financial's net profit margin?

Fulton Financial (FULT) had a net profit margin of 141.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Fulton Financial pay dividends?

Yes, Fulton Financial (FULT) paid $0.73 per share in dividends during fiscal year 2025.

What is Fulton Financial's return on equity (ROE)?

Fulton Financial (FULT) has a return on equity of 11.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Fulton Financial's operating cash flow?

Fulton Financial (FULT) generated $304.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Fulton Financial's total assets?

Fulton Financial (FULT) had $32.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Fulton Financial buy back shares?

Yes, Fulton Financial (FULT) spent $66.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Fulton Financial's debt-to-equity ratio?

Fulton Financial (FULT) had a debt-to-equity ratio of 8.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Fulton Financial's return on assets (ROA)?

Fulton Financial (FULT) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Fulton Financial's Piotroski F-Score?

Fulton Financial (FULT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Fulton Financial's earnings high quality?

Fulton Financial (FULT) has an earnings quality ratio of 0.78x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Fulton Financial?

Fulton Financial (FULT) scores 14 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.