Trade Fulton Financial Corp - FULT CFD

Fulton Company profile

About Fulton Financial Corp

Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank. It offers a range of consumer and commercial banking products and services in its market area. Its consumer lending products also includes variety of fixed, variable and adjustable-rate products, including construction loans and jumbo residential mortgage loans. Residential mortgages are offered through Fulton Mortgage Company, which operates as a division of Fulton Bank. Its wealth management services, which include investment management, trust, brokerage, insurance and investment advisory services, are offered to consumer and commercial customers in its market area by Fulton Financial Advisors, a division of Fulton Bank. It provides commercial banking services to small and medium sized businesses. It offers financial services within its five-state market area, including Pennsylvania, Delaware, Maryland, New Jersey and Virginia.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Fulton Financial Corp interest income decreased 3% to $723.4M. Net interest income after loan loss provision increased 14% to $678.3M. Net income applicable to common stockholders increased 51% to $265.2M. Net interest income after loan loss provision reflects Tax-exempt increase of 16% to $24.5M. Net income benefited from Deposits decrease of 57% to $30M (expense).

Equity composition

Common Stock $2.50 Par, 3/11, 600M auth., 215,500,000 issd., less 16,300,000 shs in Treas @ $248.1M. Insiders own 1.84%. 5/04, 4/03, 4/01, 5/00, 5% divs. 6/05, 5/02, 5/98, 5-for-4 stock splits; 5/99, 5/97, 4/96, 5/95, 5/93, 10/91, 2/89, 3/85, 9/85, 4/87, 10% dividends. 5/06, 5% stock dividend.