Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | One Penn Square LANCASTER PA 17602 |
Tel: | 1-717-3272657 |
Website: | https://investor.fultonbank.com |
IR: | See website |
Key People | ||
Curtis J. Myers Chairman of the Board, Chief Executive Officer | Meg R. Mueller Senior Executive Vice President, Head of Commercial Business | Angela M. Snyder President, Senior Executive Vice President and Chief Banking Officer |
Beth Ann L. Chivinski Interim Chief Financial Officer | Karthik Sridharan Chief Operating Officer, Senior Executive Vice President, Chief Technology Officer | Bernadette M. Taylor Chief Human Resource Officer, Senior Executive Vice President |
Angela M. Sargent Senior Executive Vice President, Chief Information Officer | Natasha R. Luddington Senior Executive Vice President, Company Secretary, Chief legal Officer | David M. Campbell Senior Executive Vice President, Director of Strategic Initiatives and Operations | Andy B. Fiol Senior Executive Vice President and Head of Consumer Banking |
Business Overview |
Fulton Financial Corporation is a financial holding company. Through banking subsidiary, Fulton Bank (the Bank), it delivers financial services within its five-state market area, comprised of Pennsylvania, Delaware, Maryland, New Jersey and Virginia. It offers a range of consumer and commercial banking as well as wealth management products and services, to its customers and the communities it serves. Its consumer banking products and services include various checking account and savings deposit products and certificates of deposit. Its consumer loan products include automobile loans, personal lines of credit and checking account overdraft protection. It provides commercial banking products and services to small and medium sized businesses. Its commercial lending products include commercial real estate loans, commercial and industrial loans, and construction loans. Its wealth management services include investment management, trust, brokerage, insurance and investment advisory services. |
Financial Overview |
For the three months ended 31 March 2024, Fulton Financial Corp interest income increased 17% to $339.7M. Net interest income after loan loss provision increased 3% to $196M. Net income applicable to common stockholders decreased 10% to $59.4M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. |
Employees: | 3,400 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,486M as of Mar 31, 2024 |
Annual revenue (TTM): | $1,323M as of Mar 31, 2024 |
EBITDA (TTM): | $467.30M as of Mar 31, 2024 |
Net annual income (TTM): | $267.66M as of Mar 31, 2024 |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | $1,148M as of Mar 31, 2024 |
Shares outstanding: | 162,087,000 as of Mar 31, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |