Fulton Financial Corp
Fulton Financial Corp (FULT) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Lancaster, United States and has 3,400 employees. The company is worth $4.46B and trades at 10.8x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $1.31B in fiscal 2025, up 6.2% from the year before. Net income was $391.61M. The share price is 7.5% below its 52-week high of $25.23. It pays a dividend yielding 3.25%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $43.37M. In that quarter, 3 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +41.9% over 5Y.
today you would have $1,709.08▲ +70.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $19.33 | $19.28 | $16.46 | $16.83 | $17.00 | $12.72 | $17.43 | $15.48 | $17.90 | $18.80 | $13.01 | $12.36 | $13.09 | $9.61 | $9.81 | $10.34 | $8.72 | $9.62 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 14.0% a year plus a 3.3% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 13.1 across this company’s own years on record.
Cash flow growing 14.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 3.2% a year against a 8.0% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| UCBUnited Community Banks Inc | $37.23 | 11.7x | 1.3x | 2.79% | 4.13% | $4.46B |
| BWINBaldwin Insurance Group, Inc. | $31.89 | — | 3.5x | 0.00% | -10.66% | $4.49B |
| NNINelnet Inc | $125.85 | 15.0x | 1.2x | 1.05% | 6.76% | $4.5B |
| ENVAEnova International, Inc. | $176.78 |
| P/E | 13.1x | 9.3x | 12.3x | 10.0x | 10.1x | 10.5x | 11.8x | 12.9x | 13.1x | 18.3x | 20.2x | 15.3x | 14.7x | 15.8x | 12.0x | 13.4x | 17.5x | 28.1x | — |
| P/S | 2.8x | 2.6x | 2.8x | 2.5x | 2.8x | 2.9x | 2.4x | 3.3x | 3.2x | 4.0x | 4.6x | 3.3x | 3.2x | 3.5x | 2.5x | 2.6x | 2.8x | 2.2x | — |
| P/B | 1.1x | 1.0x | 1.1x | 1.0x | 1.1x | 1.0x | 0.8x | 1.2x | 1.2x | 1.4x | 1.5x | 1.1x | 1.1x | 1.2x | 0.9x | 1.0x | 1.1x | 0.8x | — |
| EPS | $2.08 | $1.57 | $1.64 | $1.67 | $1.62 | $1.08 | $1.35 | $1.18 | $0.98 | $0.93 | $0.85 | $0.84 | $0.83 | $0.80 | $0.73 | $0.59 | $0.31 | -$0.03 |
| Dividend yield | 3.17% | 3.78% | 3.58% | 3.89% | 3.92% | 3.76% | 4.40% | 3.21% | 3.36% | 2.63% | 2.18% | 2.92% | 2.75% | 2.44% | 3.12% | 2.04% | 1.16% | 1.38% | 6.24% |
| Payout | 39.52% | 35.10% | 43.95% | 39.02% | 39.52% | 39.51% | 51.85% | 41.48% | 44.07% | 47.96% | 44.09% | 44.71% | 40.48% | 38.55% | 37.50% | 27.40% | 20.34% | 38.71% | — |
| Profit margin | 22.69% | 29.82% | 23.36% | 26.27% | 28.45% | 29.39% | 20.74% | 26.18% | 25.23% | 21.93% | 22.73% | 21.93% | 23.14% | 22.64% | 21.01% | 19.47% | 17.32% | 10.64% | -0.88% |
| ROE | 7.77% | 11.22% | 9.03% | 10.30% | 11.12% | 10.16% | 6.80% | 9.66% | 9.27% | 7.70% | 7.62% | 7.32% | 7.91% | 7.84% | 7.68% | 7.31% | 6.82% | 3.82% | -0.30% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+41.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 13.1x |
| 2.9x |
| 0.00% |
| 26.08% |
| $4.4B |
| SFBSServisFirst Bancshares, Inc. | $41.30 | 13.2x | 2.2x | 1.84% | 17.93% | $4.52B |
| FFINFirst Financial Bankshares Inc | $30.33 | 14.7x | 2.4x | 2.90% | 15.89% | $4.35B |