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Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company offers consumer loans products, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and 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 offices, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. Fulton Financial Corporation was founded in 1882 and is headquartered in Lancaster, Pennsylvania.
Strategic Efficiency | Fulton Financial's cost-cutting initiatives and strategic moves, including a sale/leaseback transaction, aim to boost profitability and streamline operations. |
Q1 Performance Beat | Explore Fulton's Q1 2024 results, featuring an EPS of $0.36 and core EPS of $0.40, slightly surpassing analyst expectations despite efficiency-related costs. |
Rate Cut Readiness | Delve into management's outlook, maintaining guidance based on anticipated interest rate cuts, and the potential impact on Fulton's financial performance. |
Analyst Perspectives | Analyst price targets range from $15 to $19, with an average of $17, reflecting varied views on Fulton's growth potential and market positioning. |
Metrics to compare | FULT | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipFULTPeersSector | |
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P/E Ratio | 14.0x | 13.1x | 8.7x | |
PEG Ratio | −1.54 | −0.66 | 0.03 | |
Price/Book | 1.3x | 1.2x | 1.0x | |
Price / LTM Sales | 3.5x | 3.8x | 2.8x | |
Upside (Analyst Target) | −2.8% | 3.2% | 10.2% | |
Fair Value Upside | Unlock | 33.0% | 2.7% | Unlock |