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← CockpitCompetitor Analysis › FULT Fulton Financial CorporationOpen in the cockpit ↗

Fulton Financial CorporationFULTCompetitor analysis, valuation and peers

United States · USD·Financials›Major Banks

Regional bank holding company operating Fulton Bank across Pennsylvania, Maryland, Delaware, New Jersey and Virginia.

Momentum strong 68
Mkt cap
$4.54B
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$40.1M
20-day average traded
P/B
1.29×
price to book
ROE
11.6%
delivered
Implied ROE
10.5%
what the price asks
Next earnings
74 days
19 Jan 2027
Close · USD$23.76
1D-0.1%
1W+1.2%
1M+6.7%
3M-1.0%
6M+10.5%
YTD+22.9%
1Y+34.9%
ATR %2.4%
Beta0.55
52w lowhigh5.8% off high

What Fulton Financial does

Regional bank holding company operating Fulton Bank across Pennsylvania, Maryland, Delaware, New Jersey and Virginia.

Earns mostly from the gap between interest on loans and the cost of deposits, with fees from wealth management, mortgages and service charges adding a smaller layer. Its results follow commercial real-estate and business lending across the Mid-Atlantic and the credit quality of those loans.

Products and services

  • Retail/commercial banking
  • Wealth management
  • Mortgage banking

Customers

  • Mid-Atlantic individuals and small/mid-size busine

Where it sits in the supply chain

  • Banking
  • Regional/community banking
  • Mid-Atlantic retail and commercial…

What could go right

  • Mid-Atlantic loan/deposit growth
  • Wealth management fee growth

What could go wrong

  • Interest rate/net interest margin sensitivity
  • Regional economic concentration risk

Moat: none (scale, distribution). Established regional branch network, but commodity banking economics versus larger Mid-Atlantic regional banks.

Headquarters: Lancaster, Pennsylvania, United States · Founded: 1882 · Employees: 3,400

Named competitors

Fulton Financial at a glance

Size Fulton Financial (FULT) is a United States Financials company (Major Banks) with a market value of $4.54B, the 1253rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $23.76 on 6 Nov 2026.

Performance Over six months the shares gained 10.5%, against +6.6% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 3.0% over the last twelve months (peer median +12.4%); the operating margin is 37.8% (peer median 34.4%).

Valuation It trades at 1.29× book value against a peer median of 0.98× (9th most expensive of 21).

Price implies The share price implies a return on equity of about 10.5%; Fulton Financial delivers 11.6%, so the price asks less than the business earns today.

Short interest Short interest is 5.6% of the free float (15 Oct 2026).

Next results Next results expected around 19 Jan 2027 (exchange calendar; dates can move).

Relative performance

10011012011 May 202611 Aug 20266 Nov 2026FULT 113Peer median 108
Six months, rebased to 100: Fulton Financial against the median of its 20 peers (local-currency closes).

Fulton Financial financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.96B$1.89B$1.82B$1.50B$1.10B
Revenue growth—+4%+21%+37%—
Net income$413M$392M$289M$284M$287M
Free cash flown/a$284M$374M$330M$577M
Capital expendituren/a$20.1M$42.5M$33.0M$21.2M
Total debt$1.23B$1.45B$1.94B$2.58B$2.97B

Quarterly statements and history in the cockpit →

Fulton Financial competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%-10%0%BMA8341LLBNTCBIFFINFLG1963SGKNAXAVAL7180SBNOR175330TBCGYESBANKNICDAVE0023FULT6-month return →1-month return →
Up and to the right = strong over both horizons. Fulton Financial is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%20%25%10×20×BMA8341LLBNTCBIFFINFLG1963SGKNAXAVAL7180SBNOR7327175330ASBTBCGNICDAVE0023FULTReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Fulton Financial is the large dot.

Capital: ROE delivered against the ROE the price implies

0%100%200%300%0%100%200%300%BMA8341DAVEFULTROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Fulton Financial is the large dot.

Fulton Financial competitors and peer comparison

Head to head with its named competitors (FULT vs MTB vs WSFS vs STBA)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Fulton Financial FULT$4.54B+11%+3%12%1.29×10.5%
M&T Bank MTB$31.4B+3%0%11%1.24×9.3%
WSFS Financial WSFS$3.99B+10%+2%12%1.53×12.4%
S&T Bancorp STBA$1.79B+14%+2%10%1.27×10.8%
Univest Financial UVSP$1.10B+4%+2%10%1.16×9.1%

How Fulton Financial compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Fulton Financial against its 20 peers (data as of 6 Nov 2026)
MeasureFULTPeer medianRank in peer set
1-month return+6.7%-3.7%2nd highest of 21
6-month return+10.5%+6.6%6th highest of 21
Return on equity11.6%9.7%6th highest of 21
Price / book1.29×0.98×9th most expensive of 21
Trailing P/E11.1×13.0×6th cheapest of 20
ROE the price implies10.5%8.6%8th most demanding of 19
ROE delivered11.6%9.7%5th highest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Fulton Financial FULTUnited States$4.54B+11%+3%12%1.29×10.5%11.6%
Banco Macro SA Sponsored ADR BMAUnited States$4.53B-21%+4%7%0.87×11.3%7.5%
77 Bank 8341.TJapan$4.66B+7%+21%9%0.95×5.9%9.4%
Liechtensteinische Landesbank LLBN.SWSwitzerland$4.40B+24%-2%8%1.48×n/a7.7%
Texas Capital Bancshares TCBIUnited States$4.39B+1%+3%10%1.34×9.8%10.2%
First Financial Bankshares FFINUnited States$4.36B-6%+8%16%2.38×17.0%15.9%
Flagstar Bank, National Association FLGUnited States$4.21B-26%-18%1%0.59×7.4%1.2%
Bank of Chongqing 1963.HKHong Kong$5.11B+1%+10%10%0.41×4.2%9.9%
St.Galler Kantonalbank SGKN.SWSwitzerland$5.22B+19%-13%8%1.37×n/a7.6%
Axos Financial AXUnited States$5.26B+7%+18%17%1.60×16.5%16.7%
Grupo Aval Acciones y Valores SA Sponsored ADR Pfd AVALUnited States$5.29B-5%+15%11%0.95×7.8%10.8%
Kyushu Financial 7180.TJapan$3.79B+7%+15%5%0.73×6.6%4.9%
Sparebanken Norge SBNOR.OLNorway$3.78B+8%+62%7%0.71×6.1%n/a
Daishi Hokuetsu Financial 7327.TJapan$3.73B+9%+18%9%0.94×6.3%8.6%
JB Financial 175330.KSSouth Korea$3.67B0%+9%13%0.94×5.3%n/a
Associated Banc-Corp ASBUnited States$5.64B+6%+23%10%1.07×9.3%10.2%
TBC Bank TBCG.LUnited Kingdom$3.64B+11%+16%24%1.40×15.7%23.8%
Yes Bank YESBANK.NSIndia$5.72B-24%+5%8%1.01×15.3%8.2%
Nicolet Bankshares NICUnited States$3.60B+18%+46%10%1.62×11.5%10.2%
Dave DAVEUnited States$3.55B+9%+49%105%17.09×291.2%104.8%
Bank of East Asia 0023.HKHong Kong$6.03B+27%-9%3%0.44×5.2%3.2%

Questions

Who are Fulton Financial's main competitors?
Named competitors: M&T Bank (MTB), WSFS Financial (WSFS), S&T Bancorp (STBA), Univest Financial (UVSP). The cockpit's measured peer set (industry) also includes Banco Macro SA Sponsored ADR (BMA), 77 Bank (8341.T), Liechtensteinische Landesbank (LLBN.SW), Texas Capital Bancshares (TCBI), First Financial Bankshares (FFIN), Flagstar Bank, National Association (FLG).
Is Fulton Financial expensive compared with its peers?
On price / book it trades at 1.29× against a peer median of 0.98×, 9th most expensive of 21 in its peer set. The share price implies a return on equity of about 10.5%; Fulton Financial delivers 11.6%, so the price asks less than the business earns today.
How has Fulton Financial stock performed?
Over six months to 6 Nov 2026 the shares returned +10.5% against +6.6% for the median peer; over one year +34.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.