Fulton Financial Q2 adj. rev. up 3%, net income down 22%.

• Fulton Financial reports Q2 data as of June 30, 2025. • Forward-looking statements are included in the presentation. • Data includes financial condition, operations, and business projections. • Use of words like "may," "should," and "will" indicates forward-looking statements. • Do not rely unduly on these statements.

Fulton Financial Corporation (FULT) recently released its Q2 data as of June 30, 2025, providing insight into its financial condition, operations, and business projections. The report includes forward-looking statements, which should be reviewed with caution as they are subject to risks and uncertainties. Key highlights from the report are outlined below.

Financial Condition

Fulton Financial reported earnings per share (EPS) of $0.55 for the quarter, surpassing the consensus estimate of $0.43 by $0.12. Revenue for the quarter was $328.45 million, which also exceeded the consensus estimate of $320.47 million. The company's return on equity (ROE) was 12.64%, and the net margin was 17.00%. These figures indicate strong operational performance and financial health.

Operations

The company's debt-to-equity ratio of 0.37 and quick ratio of 0.92 suggest a robust liquidity position. The current ratio of 0.92 further supports this, indicating that the company can meet its short-term obligations. The company's 50-day and 200-day moving averages were $18.33 and $18.07, respectively, reflecting a stable stock price over the short and long term.

Business Projections

Looking ahead, Fulton Financial projects a solid earnings growth trajectory. The Zacks Consensus Estimate for 2025 is $1.97 per share, representing a year-over-year growth rate of 6.49%. This projection is based on the company's earnings growth and payout ratio, which is currently 35%. The company's dividend payout ratio (DPR) is 42.11%, indicating a healthy balance between dividend payments and earnings retention.

Dividend

Fulton Financial continues to be an attractive dividend play. The company recently announced a quarterly dividend of $0.18 per share, with an annualized yield of 3.9%. This compares favorably to the Banks - Northeast industry's yield of 2.66% and the S&P 500's yield of 1.49%. Over the last five years, Fulton Financial has increased its dividend 5 times, with an average annual increase of 7.25%.

Institutional and Analyst Stance

Institutional investors have shown confidence in Fulton Financial, with a significant portion of the stock owned by institutional investors. Citigroup Inc. reduced its stake by 12.5%, while other institutional investors like Millennium Management LLC and Nuveen Asset Management LLC increased their positions. Analysts have also provided mixed ratings, with six analysts rating the stock as a hold and one analyst assigning a buy rating. The consensus rating is "Hold" with an average target price of $21.13.

Conclusion

Fulton Financial's Q2 data demonstrates robust financial performance and strong operational efficiency. The company's forward-looking projections and dividend yield make it an attractive investment option for income investors. However, investors should be mindful of the risks associated with forward-looking statements and the broader market conditions.

References

[1] https://www.nasdaq.com/articles/why-fulton-financial-fult-great-dividend-stock
[2] https://www.marketbeat.com/instant-alerts/filing-citigroup-inc-sells-52993-shares-of-fulton-financial-corporation-fult-2025-08-18/