Fulton Financial Corporation (FULT) financial statements (2021 and earlier)

Company profile

Business Address ONE PENN SQ
LANCASTER, PA 17604
State of Incorp. PA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,848518446402353331464
Cash and cash equivalents1,848518446402353331464
Disposal group, including discontinued operation      18
Total current assets:1,848518446402353331481
Noncurrent Assets
Operating lease, right-of-use asset84103
Property, plant and equipment231240235223218226226
Intangible assets, net (including goodwill), including:537535532532532532532
Goodwill    531531531
Intangible assets, net (excluding goodwill)    111
Other undisclosed intangible assets, net (including goodwill)537535532532   
Amortization method qualified affordable housing project investments1521530   
Total noncurrent assets:1,0051,031766754749757758
Other undisclosed assets23,05420,33719,47018,88017,84216,82615,886
TOTAL ASSETS:25,90721,88620,68220,03718,94417,91517,125
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt630883755618541498330
Total current liabilities:630883755618541498330
Noncurrent Liabilities
Liabilities, other than long-term debt32170    
Qualified affordable housing project investments, commitment32170   
Total noncurrent liabilities:32170    
Other undisclosed liabilities22,62818,64417,68017,19016,28215,37514,798
Total liabilities:23,29019,54418,43517,80716,82315,87315,128
Stockholders' equity
Stockholders' equity attributable to parent2,6172,3422,2482,2302,1212,0421,997
Preferred stock193      
Common stock558556554552550547546
Treasury stock, value(828)(793)(683)(589)(590)(576)(511)
Additional paid in capital1,5081,5001,4901,4781,4681,4511,421
Accumulated other comprehensive income (loss)65(0)(59)(33)(38)(22)(18)
Retained earnings1,1211,079946822732642559
Total stockholders' equity:2,6172,3422,2482,2302,1212,0421,997
TOTAL LIABILITIES AND EQUITY:25,90721,88620,68220,03718,94417,91517,125

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues743824757821753730741
Net investment income743824757668602583595
Financial services revenue153151147146
Cost of revenue(77)(33)(47)(23)(13)(2)(13)
Provision for loan, lease, and other losses(77)(33)(47)
Financial services costs(23)(13)(2)(13)
Gross profit:666791710798740728729
Operating expenses(127)(111)(117)(409)(385)(364)(396)
Other operating income, net
(Noninterest Income, Other Operating Income)
   26201614
Operating income:539680594414375381347
Nonoperating income
(Investment Income, Nonoperating)
      2
Interest and debt expense(114)(177)(128)(94)(82)(84)(81)
Other undisclosed loss from continuing operations before equity method investments, income taxes(224)(240)(233)(86)(84)(98)(58)
Income from continuing operations before equity method investments, income taxes:202264233234208199211
Other undisclosed loss from continuing operations before income taxes  (25)(63)(47)(50)(53)
Income from continuing operations before income taxes:202264208172162150158
Income tax expense(24)(38)    (53)
Net income:178226208172162150105
Other undisclosed net income (loss) attributable to parent(0)     53
Net income attributable to parent:178226208172162150158
Preferred stock dividends and other adjustments(2)      
Net income available to common stockholders, diluted:176226208172162150158

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:178226208172162150105
Other comprehensive income (loss)6559(19)5(16)(4)20
Comprehensive income:243285189177145145125
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)     53
Comprehensive income, net of tax, attributable to parent:243285189177145145178

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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