Fulton Financial (FULT)
Market Price (2/24/2026): $21.265 | Market Cap: $3.9 BilSector: Financials | Industry: Regional Banks
Fulton Financial (FULT)
Market Price (2/24/2026): $21.265Market Cap: $3.9 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1%, FCF Yield is 7.3% | Weak multi-year price returns3Y Excs Rtn is -27% | Key risksFULT key risks include [1] potential vulnerabilities from its significant concentration in Commercial Real Estate (CRE) and construction loans. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -48% | Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 11% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% | ||
| Low stock price volatilityVol 12M is 31% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Online Banking & Lending, Digital Payments, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1%, FCF Yield is 7.3% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -48% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Online Banking & Lending, Digital Payments, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -27% |
| Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 11% |
| Key risksFULT key risks include [1] potential vulnerabilities from its significant concentration in Commercial Real Estate (CRE) and construction loans. |
Qualitative Assessment
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Fulton Financial (FULT) stock has gained about 25% since 10/31/2025 because of the following key factors:
1. Strong Fourth Quarter 2025 Operating Earnings and Optimistic 2026 Outlook.
Fulton Financial reported operating earnings per share (EPS) of $0.55 for the fourth quarter of 2025, surpassing the consensus estimate of $0.52 by $0.03. The company also achieved a record operating diluted EPS of $2.16 for the full year 2025, representing a 17% increase over the previous year. Management provided confident guidance for 2026, projecting mid-single-digit loan growth and net interest income between $1.12 billion and $1.14 billion. Additionally, the net interest margin (NIM) remained healthy at 3.59% in Q4 2025, and customer deposits increased by $449 million during the quarter.
2. Strategic Acquisition of Blue Foundry Bancorp.
The announcement on November 24, 2025, of an all-stock acquisition of Blue Foundry Bancorp and the subsequent receipt of all required regulatory approvals by February 23, 2026, provided a significant boost to investor confidence. This acquisition, anticipated to close around April 1, 2026, is expected to expand Fulton Financial's presence in northern New Jersey by adding 20 financial centers. Management projects the deal to be accretive to earnings by over 5% in the first full year, enhancing Fulton's strategic footprint and generating potential synergies.
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1. Strong Fourth Quarter 2025 Operating Earnings and Optimistic 2026 Outlook.
Fulton Financial reported operating earnings per share (EPS) of $0.55 for the fourth quarter of 2025, surpassing the consensus estimate of $0.52 by $0.03. The company also achieved a record operating diluted EPS of $2.16 for the full year 2025, representing a 17% increase over the previous year. Management provided confident guidance for 2026, projecting mid-single-digit loan growth and net interest income between $1.12 billion and $1.14 billion. Additionally, the net interest margin (NIM) remained healthy at 3.59% in Q4 2025, and customer deposits increased by $449 million during the quarter.
2. Strategic Acquisition of Blue Foundry Bancorp.
The announcement on November 24, 2025, of an all-stock acquisition of Blue Foundry Bancorp and the subsequent receipt of all required regulatory approvals by February 23, 2026, provided a significant boost to investor confidence. This acquisition, anticipated to close around April 1, 2026, is expected to expand Fulton Financial's presence in northern New Jersey by adding 20 financial centers. Management projects the deal to be accretive to earnings by over 5% in the first full year, enhancing Fulton's strategic footprint and generating potential synergies.
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Stock Movement Drivers
Fundamental Drivers
The 23.6% change in FULT stock from 10/31/2025 to 2/23/2026 was primarily driven by a 10.7% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 2232026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.20 | 21.26 | 23.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,290 | 1,299 | 0.7% |
| Net Income Margin (%) | 25.1% | 27.8% | 10.7% |
| P/E Multiple | 9.7 | 10.7 | 10.5% |
| Shares Outstanding (Mil) | 182 | 182 | 0.3% |
| Cumulative Contribution | 23.6% |
Market Drivers
10/31/2025 to 2/23/2026| Return | Correlation | |
|---|---|---|
| FULT | 23.6% | |
| Market (SPY) | 0.0% | 37.9% |
| Sector (XLF) | -3.1% | 65.4% |
Fundamental Drivers
The 20.8% change in FULT stock from 7/31/2025 to 2/23/2026 was primarily driven by a 7.2% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2232026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.61 | 21.26 | 20.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,233 | 1,299 | 5.3% |
| Net Income Margin (%) | 25.9% | 27.8% | 7.2% |
| P/E Multiple | 10.0 | 10.7 | 6.6% |
| Shares Outstanding (Mil) | 182 | 182 | 0.3% |
| Cumulative Contribution | 20.8% |
Market Drivers
7/31/2025 to 2/23/2026| Return | Correlation | |
|---|---|---|
| FULT | 20.8% | |
| Market (SPY) | 8.3% | 47.0% |
| Sector (XLF) | -2.8% | 69.8% |
Fundamental Drivers
The 8.7% change in FULT stock from 1/31/2025 to 2/23/2026 was primarily driven by a 15.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2232026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.55 | 21.26 | 8.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,128 | 1,299 | 15.2% |
| Net Income Margin (%) | 25.2% | 27.8% | 10.3% |
| P/E Multiple | 12.5 | 10.7 | -14.5% |
| Shares Outstanding (Mil) | 182 | 182 | 0.1% |
| Cumulative Contribution | 8.7% |
Market Drivers
1/31/2025 to 2/23/2026| Return | Correlation | |
|---|---|---|
| FULT | 8.7% | |
| Market (SPY) | 14.4% | 65.2% |
| Sector (XLF) | -0.4% | 75.7% |
Fundamental Drivers
The 44.2% change in FULT stock from 1/31/2023 to 2/23/2026 was primarily driven by a 30.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2232026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.75 | 21.26 | 44.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 992 | 1,299 | 30.9% |
| Net Income Margin (%) | 26.9% | 27.8% | 3.3% |
| P/E Multiple | 9.2 | 10.7 | 15.7% |
| Shares Outstanding (Mil) | 167 | 182 | -7.9% |
| Cumulative Contribution | 44.2% |
Market Drivers
1/31/2023 to 2/23/2026| Return | Correlation | |
|---|---|---|
| FULT | 44.2% | |
| Market (SPY) | 74.1% | 52.5% |
| Sector (XLF) | 45.1% | 70.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FULT Return | 39% | 3% | 3% | 22% | 4% | 16% | 116% |
| Peers Return | 27% | -8% | 1% | 25% | 13% | 13% | 87% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| FULT Win Rate | 67% | 50% | 50% | 58% | 58% | 100% | |
| Peers Win Rate | 70% | 45% | 48% | 58% | 53% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FULT Max Drawdown | -0% | -17% | -42% | -11% | -21% | -0% | |
| Peers Max Drawdown | -2% | -19% | -28% | -6% | -18% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MTB, PNC, FNB, WSFS, TFC. See FULT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/23/2026 (YTD)
How Low Can It Go
| Event | FULT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -48.6% | -25.4% |
| % Gain to Breakeven | 94.7% | 34.1% |
| Time to Breakeven | 432 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -48.6% | -33.9% |
| % Gain to Breakeven | 94.7% | 51.3% |
| Time to Breakeven | 170 days | 148 days |
| 2018 Correction | ||
| % Loss | -25.3% | -19.8% |
| % Gain to Breakeven | 34.0% | 24.7% |
| Time to Breakeven | 2,032 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -71.7% | -56.8% |
| % Gain to Breakeven | 253.8% | 131.3% |
| Time to Breakeven | 2,670 days | 1,480 days |
Compare to MTB, PNC, FNB, WSFS, TFC
In The Past
Fulton Financial's stock fell -48.6% during the 2022 Inflation Shock from a high on 11/10/2022. A -48.6% loss requires a 94.7% gain to breakeven.
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About Fulton Financial (FULT)
Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers secured consumer loans, 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 provides 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 passive investments, as well as trust preferred securities; and sells various life insurance products. It provides its products and services through traditional financial center banking, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. The company operated branches in Pennsylvania, Maryland, Delaware, New Jersey, and Virginia. Fulton Financial Corporation was incorporated in 1882 and is headquartered in Lancaster, Pennsylvania.
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- A regional bank, much like a smaller PNC Bank serving the Mid-Atlantic states.
- Similar to M&T Bank, but with a more concentrated focus on Pennsylvania and surrounding states.
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- Deposit Accounts: Offers a variety of checking, savings, money market, and certificate of deposit options for individuals and businesses to manage and save their funds.
- Commercial Lending: Provides various loan products and lines of credit to businesses for operating capital, equipment purchases, and commercial real estate.
- Consumer Lending: Offers a variety of loans to individuals, including residential mortgages, home equity lines of credit, auto loans, and personal loans.
- Wealth Management: Delivers investment management, financial planning, and trust and estate services to individuals, families, and businesses.
- Treasury Management Services: Provides businesses with solutions for optimizing cash flow, managing payments, and mitigating financial risks.
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Fulton Financial Corporation (FULT) is a financial holding company operating primarily through its subsidiary, Fulton Bank, N.A. As a bank, it does not have "major customers" in the traditional sense of a manufacturing or retail company selling products to a few large corporate buyers. Instead, it serves a broad base of individuals, businesses, and institutional clients. The company primarily sells its financial services to individuals and businesses. Here are up to three categories of customers it serves:Fulton Financial (FULT) Major Customer Categories
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Retail Customers (Individuals): This category includes individuals and families who utilize a wide range of personal banking services such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), mortgages, home equity loans, auto loans, personal loans, and credit cards. Fulton also provides wealth management, trust, and investment services to individual clients.
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Commercial Customers (Businesses): Fulton Financial serves a diverse base of businesses, primarily small to medium-sized enterprises (SMEs) and middle-market companies. Services for this segment include commercial loans, lines of credit, business checking and savings accounts, treasury management services (e.g., payment processing, cash management, fraud protection), equipment financing, and other specialized business lending solutions.
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Commercial Real Estate (CRE) Clients: A significant portion of Fulton's business lending is directed towards the commercial real estate sector. This category includes real estate developers, investors, and property owners seeking financing for various types of commercial properties, such as multi-family residential, office buildings, retail centers, industrial properties, and construction projects.
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Here is the requested information about Fulton Financial's management team:
Curt Myers Chairman and Chief Executive Officer
Curt Myers became Chairman and Chief Executive Officer of Fulton Financial Corporation on January 1, 2023. He joined Fulton Bank in 1990 as part of its management training program and held various leadership positions, including President and Chief Operating Officer of Fulton Financial since January 2018. Myers has also served as Chairman, Chief Executive Officer, Chief Operating Officer, and President of Fulton Bank, N.A. He is committed to the industry and local communities, serving on several business and community impact boards, including the Pennsylvania Chamber, the Lancaster Economic Development Company, and Operation HOPE.
Richard Kraemer Senior Executive Vice President and Chief Financial Officer
Richard Kraemer was appointed Senior Executive Vice President and Chief Financial Officer, effective in the fourth quarter of 2024, replacing interim CFO Betsy Chivinski. He joined Fulton on September 3, 2024, as CFO Designee. Kraemer brings more than 20 years of experience in the financial services industry. Most recently, he served as Chief Banking Officer overseeing commercial markets for another bank, and prior to that, he was Executive Vice President, Deputy Chief Financial Officer & Treasurer for a company with over $60 billion in assets.
Angela Snyder President
Angela Snyder was named President of Fulton and Fulton Bank, N.A., effective January 1, 2024, and will lead efforts to optimize costs and grow organically while overseeing all lines of business. She has more than 30 years of experience in the financial services industry, having joined Fulton in 2002 as President of Woodstown National Bank. She then served as Chairwoman, President, and CEO of Fulton Bank of New Jersey until its consolidation into Fulton Bank in 2019. Snyder is set to retire from Fulton Financial Corporation on December 31, 2025. She also founded the Women's Leadership Council of Gloucester and Salem Counties in 2008.
Meg R. Mueller Senior Executive Vice President and Chief Credit Executive
Meg R. Mueller serves as Senior Executive Vice President and Chief Credit Executive, leading the team responsible for credit fulfillment across all lines of business. She has a significant tenure with Fulton, previously serving as Head of Commercial Banking and Chief Credit Officer. She transitioned from Chief Credit Officer to Head of Commercial Banking in January 2018.
Natasha R. Luddington Senior Executive Vice President, Chief Legal Officer and Corporate Secretary
Natasha R. Luddington joined Fulton Financial Corporation's senior management team as a Senior Executive Vice President in October 2021 and was named Chief Legal Officer and Corporate Secretary effective December 31, 2021. Before joining Fulton, Ms. Luddington served as Senior Vice President, Associate General Counsel and Interim Counsel at Pacific Western Bank.
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The key risks to Fulton Financial (FULT) primarily revolve around macroeconomic factors, credit quality, and competitive pressures within the banking sector.
- Economic Uncertainty and Interest Rate Fluctuations: Fulton Financial's performance is highly susceptible to broader economic conditions and changes in interest rates. The current environment of elevated interest rates and the potential for economic downturns pose significant threats to the company's loan portfolio and the demand for its banking products and services. Rising interest expenses also impact profitability.
- Credit Risk and Loan Portfolio Vulnerabilities: The company faces risks associated with its loan portfolio, particularly given its relatively high concentration in Commercial Real Estate (CRE) and construction loans, which represented approximately 45% of total loans. While Fulton Financial maintains granular exposure limits and low loan-to-value ratios to mitigate this, rising provisions for credit losses and an expected normalization of asset quality metrics indicate potential vulnerabilities.
- Intense Competition: The banking industry is characterized by intense competition from numerous traditional banks, credit unions, and non-bank entities. This competitive landscape, including financial institutions without a physical presence in Fulton Financial's geographical markets, could impact market share and profitability.
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- Digital-First Neobanks and Challenger Banks: These emerging financial institutions, such as Chime or Varo, offer entirely digital banking experiences with typically lower fees, superior mobile applications, and faster transaction processing compared to traditional regional banks. They are rapidly gaining market share by appealing to younger demographics and those seeking convenience and efficiency, directly threatening Fulton Financial's ability to attract and retain deposits and primary banking relationships as customer preferences shift away from traditional branch-centric models.
- Specialized Fintech Lenders: Online lenders focusing on specific market segments, such as mortgages (e.g., Rocket Mortgage) or small business loans, leverage advanced technology to streamline the application, underwriting, and funding processes. Their ability to offer quicker decisions and more convenient, fully digital experiences poses a clear emerging threat to Fulton Financial's traditional lending volumes by providing agile alternatives that can bypass established banking relationships.
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Fulton Financial (symbol: FULT) primarily operates in the Mid-Atlantic region of the United States, offering a range of banking and financial services to consumers and businesses. While precise addressable market sizes specifically for Fulton Financial's operating region for each product are not consistently available, the following are estimated market sizes for their main products and services within the broader United States market:
- Retail Banking: The United States retail banking market is valued at approximately USD 0.87 trillion in 2025. This market is projected to reach USD 1.08 trillion by 2030, driven by steady loan demand, a resilient deposit base, and a consumer shift towards digital banking.
- Commercial Banking: The market size for commercial banking in the U.S. is estimated at USD 1.6 trillion in 2025. Another projection indicates the U.S. commercial banking market stands at USD 732.5 billion in 2025 and is forecasted to reach USD 915.45 billion by 2030. This market includes commercial real estate, commercial and industrial, and construction loans.
- Mortgage Services: The U.S. home loan market reached USD 2.29 trillion in 2025 and is forecasted to grow to USD 3.02 trillion by 2030. This market encompasses residential mortgage loans, including home equity loans and lines of credit. In the first half of 2025, Americans originated $884 billion in new mortgage debt. The U.S. purchase-mortgage market alone is valued at USD 1,145.4 billion.
- Investment Management and Planning Services (Wealth Management): The United States holds approximately 54.2% of global assets under management (AUM), with global AUM reaching $162 trillion in 2025, which translates to an estimated AUM of about $87.8 trillion in the US for 2025. Specifically for private banking, the U.S. private banking market is valued at USD 59.54 billion in 2025 and is expected to reach USD 94.89 billion by 2030.
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Fulton Financial (FULT) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market dynamics:- Net Interest Income Growth and Margin Management: The company anticipates continued net interest income growth, supported by strategic management of its net interest margin. While near-term margin pressure from potential interest rate cuts is expected, Fulton Financial aims for stabilization a few months after cuts conclude and expects support from the repricing of fixed-rate assets. Fulton also projects net interest income for 2025 to be in the range of $1.025 billion to $1.035 billion.
- Expansion of Fee-Based Income: Growth in non-interest income, particularly from wealth management and commercial banking, is a significant driver. Fulton Financial Advisors reached $17 billion in assets under management and administration in Q3 2025, highlighting the strong performance of its fee-generating businesses. The company's fee income range is projected at $270 million to $280 million for 2025.
- Organic Loan and Deposit Growth: Fulton Financial is focused on driving organic growth through new customer acquisition and a return to long-term historical loan growth trends. Deposit growth is also a key area of focus, with a strategy to balance long-term deposit growth with prudent interest cost management. In Q2 2025, the company saw a $150 million increase in net loans, reflecting a 2.5% annualized growth rate, particularly strong in residential construction and consumer lending.
- Market Expansion and Strategic Acquisitions: The acquisition of Republic First Bank in April 2024 significantly expanded Fulton Financial's presence in the Philadelphia market, almost doubling its footprint with combined company deposits of approximately $8.6 billion. This expansion provides opportunities for cross-selling wealth management and treasury services. The company continues to show strategic interest in acquiring community banks valued between $1 billion and $5 billion within its existing geographic footprint. Fulton's geographic dominance is also being enhanced by its increased branch network to 240 locations across five states.
- New Products and Services: The formation of a new Capital Markets team, announced in January 2025, is expected to enhance the bank's capabilities in managing syndications, derivatives, and capital markets referral programs. This initiative aims to expand credit capacity and deepen relationships with capital markets providers, providing expanded credit capacity and improved interest rate hedging solutions for customers.
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Share Repurchases
- In February 2021, a share repurchase program of up to $75 million was authorized, which was extended by an additional $31.1 million in November 2021. As of December 31, 2021, Fulton Financial had repurchased $43.9 million worth of shares.
- A new share repurchase program of up to $75 million was approved in March 2022, valid from April 1 to December 31, 2022.
- Fulton Financial approved a new $125 million share repurchase program for 2025, which includes up to $25 million designated for preferred stock repurchases. During 2024, the company repurchased over 1.9 million shares, returning more than $150 million to common shareholders. In the third quarter of 2025, 1.65 million shares were repurchased for $30.8 million, with $85.6 million remaining under the 2025 program as of September 30, 2025.
Share Issuance
- In April 2024, Fulton Financial announced the pricing of a public offering of 16,666,667 shares of its common stock at $15 per share, totaling $250 million.
- The company granted underwriters a 30-day option to purchase up to an additional 2,500,000 shares of common stock at the public offering price.
- The net proceeds from this offering were intended for general corporate purposes, including supporting new opportunities following the acquisition of Republic First Bank.
Outbound Investments
- In January 2023, Fulton Bank, a subsidiary of Fulton Financial, invested $1 million in Innovate Capital Growth Fund, L.P., aimed at providing capital and operational expertise to minority- and women-owned businesses.
- In April 2024, Fulton Bank acquired substantially all assets and assumed substantially all deposits of Republic First Bank from the Federal Deposit Insurance Corporation (FDIC). The acquired assets were approximately $6 billion, including a $2.0 billion investment portfolio and $2.9 billion in loans, while assumed liabilities totaled approximately $5.3 billion, including $4 billion in deposits.
- This acquisition significantly bolstered Fulton Bank's growth in the Philadelphia market, nearly doubling its presence there.
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Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01302026 | FDS | FactSet Research Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -25.2% | -25.2% | -25.3% |
| 01302026 | PFSI | PennyMac Financial Services | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -9.3% | -9.3% | -9.3% |
| 01302026 | ALLY | Ally Financial | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -5.5% | -5.5% | -5.5% |
| 01232026 | FIS | Fidelity National Information Services | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -21.6% | -21.6% | -22.6% |
| 01022026 | MORN | Morningstar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -25.4% | -25.4% | -26.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 57.73 |
| Mkt Cap | 20.4 |
| Rev LTM | 5,614 |
| Op Inc LTM | - |
| FCF LTM | 2,244 |
| FCF 3Y Avg | 1,930 |
| CFO LTM | 2,306 |
| CFO 3Y Avg | 2,091 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.5% |
| Rev Chg 3Y Avg | 9.0% |
| Rev Chg Q | 4.8% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 25.0% |
| CFO/Rev 3Y Avg | 33.1% |
| FCF/Rev LTM | 22.8% |
| FCF/Rev 3Y Avg | 30.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 20.4 |
| P/S | 3.5 |
| P/EBIT | - |
| P/E | 12.4 |
| P/CFO | 13.8 |
| Total Yield | 10.5% |
| Dividend Yield | 2.7% |
| FCF Yield 3Y Avg | 10.7% |
| D/E | 0.5 |
| Net D/E | -0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.0% |
| 3M Rtn | 18.2% |
| 6M Rtn | 11.9% |
| 12M Rtn | 19.7% |
| 3Y Rtn | 39.0% |
| 1M Excs Rtn | 1.9% |
| 3M Excs Rtn | 18.5% |
| 6M Excs Rtn | 9.3% |
| 12M Excs Rtn | 5.1% |
| 3Y Excs Rtn | -28.6% |
Price Behavior
Price Behavior
| Market Price | $21.26 | |
| Market Cap ($ Bil) | 3.9 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -6.5% | |
| 50 Days | 200 Days | |
| DMA Price | $20.58 | $18.59 |
| DMA Trend | up | up |
| Distance from DMA | 3.3% | 14.4% |
| 3M | 1YR | |
| Volatility | 27.6% | 31.0% |
| Downside Capture | 31.41 | 102.97 |
| Upside Capture | 145.59 | 100.45 |
| Correlation (SPY) | 25.8% | 65.8% |
FULT Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.41 | 1.01 | 0.90 | 1.20 | 1.07 | 1.14 |
| Up Beta | 5.07 | 3.60 | 1.18 | 1.87 | 0.85 | 1.08 |
| Down Beta | 0.81 | 0.19 | 0.60 | 1.30 | 1.34 | 1.20 |
| Up Capture | 153% | 163% | 159% | 107% | 106% | 128% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 11 | 22 | 33 | 65 | 121 | 360 |
| Down Capture | 31% | 35% | 51% | 85% | 109% | 105% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 9 | 18 | 27 | 57 | 126 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FULT | |
|---|---|---|---|---|
| FULT | 9.9% | 31.0% | 0.32 | - |
| Sector ETF (XLF) | -0.3% | 19.6% | -0.13 | 76.1% |
| Equity (SPY) | 12.8% | 19.4% | 0.50 | 65.6% |
| Gold (GLD) | 79.1% | 25.7% | 2.25 | -2.1% |
| Commodities (DBC) | 7.7% | 16.9% | 0.27 | 20.3% |
| Real Estate (VNQ) | 6.6% | 16.7% | 0.21 | 54.6% |
| Bitcoin (BTCUSD) | -30.9% | 44.9% | -0.69 | 23.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FULT | |
|---|---|---|---|---|
| FULT | 11.6% | 31.1% | 0.40 | - |
| Sector ETF (XLF) | 11.5% | 18.8% | 0.49 | 71.6% |
| Equity (SPY) | 13.2% | 17.0% | 0.61 | 52.2% |
| Gold (GLD) | 23.6% | 17.1% | 1.12 | -0.6% |
| Commodities (DBC) | 10.7% | 19.0% | 0.45 | 14.5% |
| Real Estate (VNQ) | 5.1% | 18.8% | 0.18 | 47.5% |
| Bitcoin (BTCUSD) | 6.7% | 57.1% | 0.34 | 18.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FULT | |
|---|---|---|---|---|
| FULT | 9.4% | 33.4% | 0.35 | - |
| Sector ETF (XLF) | 13.9% | 22.2% | 0.58 | 76.8% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 57.7% |
| Gold (GLD) | 15.1% | 15.6% | 0.81 | -8.9% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 19.7% |
| Real Estate (VNQ) | 6.9% | 20.7% | 0.30 | 50.6% |
| Bitcoin (BTCUSD) | 67.8% | 66.8% | 1.07 | 12.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/21/2026 | 2.6% | -1.5% | 9.2% |
| 10/21/2025 | -1.4% | 0.5% | -2.7% |
| 7/15/2025 | -0.1% | 1.8% | -1.6% |
| 4/15/2025 | -0.4% | 2.6% | 14.2% |
| 1/21/2025 | -2.3% | -3.2% | -4.6% |
| 10/15/2024 | 2.2% | -3.6% | 15.7% |
| 7/16/2024 | 4.5% | 7.1% | -7.8% |
| 4/16/2024 | 0.3% | 6.2% | 20.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 15 |
| # Negative | 13 | 11 | 9 |
| Median Positive | 2.7% | 4.6% | 5.2% |
| Median Negative | -1.4% | -3.3% | -2.7% |
| Max Positive | 7.1% | 21.6% | 25.2% |
| Max Negative | -8.2% | -10.1% | -12.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/01/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Taylor, Bernadette M | Sr Executive Vice President | Direct | Buy | 12082025 | 17.02 | 160 | 2,716 | 1,084,741 | Form |
| 2 | Taylor, Bernadette M | Sr Executive Vice President | Direct | Buy | 12082025 | 19.30 | 164 | 3,168 | 1,233,221 | Form |
| 3 | Fiol, Andrew B | Sr Executive Vice President | Direct | Buy | 12042025 | 17.02 | 249 | 4,237 | 892,833 | Form |
| 4 | Fiol, Andrew B | Sr Executive Vice President | Direct | Buy | 12042025 | 19.30 | 256 | 4,942 | 1,026,894 | Form |
| 5 | Wenger, E Philip | IRA | Sell | 9122025 | 19.28 | 5,000 | 96,388 | 1,744,170 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.