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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments518446402353331464 
Cash and cash equivalents518446402353331464 
Disposal group, including discontinued operation     18 
Total current assets:518446402353331481 
Noncurrent Assets
Operating lease, right-of-use asset103
Property, plant and equipment240235223218226226226
Intangible assets, net (including goodwill), including:535532532532532532533
Goodwill   531531531531
Intangible assets, net (excluding goodwill)   1112
Other undisclosed intangible assets, net (including goodwill)535532532   
Amortization method qualified affordable housing project investments1530   
Total noncurrent assets:1,031766754749757758759
Other undisclosed assets20,33719,47018,88017,84216,82615,88616,176
TOTAL ASSETS:21,88620,68220,03718,94417,91517,12516,935
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt8837556185414983301,259
Total current liabilities:8837556185414983301,259
Noncurrent Liabilities
Liabilities, other than long-term debt170     
Qualified affordable housing project investments, commitment170   
Total noncurrent liabilities:170     
Other undisclosed liabilities18,64417,68017,19016,28215,37514,79813,613
Total liabilities:19,54418,43517,80716,82315,87315,12814,871
Stockholders' equity
Stockholders' equity attributable to parent2,3422,2482,2302,1212,0421,9972,063
Common stock556554552550547546545
Treasury stock, value(793)(683)(589)(590)(576)(511)(341)
Additional paid in capital1,5001,4901,4781,4681,4511,4211,433
Accumulated other comprehensive loss(0)(59)(33)(38)(22)(18)(37)
Retained earnings1,079946822732642559464
Total stockholders' equity:2,3422,2482,2302,1212,0421,9972,063
TOTAL LIABILITIES AND EQUITY:21,88620,68220,03718,94417,91517,12516,935

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues824757821753730741 
Net investment income824757668602583595 
Financial services revenue153151147146 
Cost of revenue(33)(47)(23)(13)(2)(13)(41)
Provision for loan, lease, and other losses(33)(47)
Financial services costs(23)(13)(2)(13)(41)
Gross profit:791710798740728729(41)
Operating expenses(111)(117)(409)(385)(364)(396)(306)
Other operating income, net
(Noninterest Income, Other Operating Income)
  2620161415
Operating income (loss):680594414375381347(331)
Nonoperating income (expense)
(Investment Income, Nonoperating)
     2(0)
Interest and debt expense(177)(128)(94)(82)(84)(81)(82)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(240)(233)(86)(84)(98)(58)627
Income from continuing operations before equity method investments, income taxes:264233234208199211213
Other undisclosed loss from continuing operations before income taxes (25)(63)(47)(50)(53) 
Income from continuing operations before income taxes:264208172162150158213
Income tax expense(38)    (53)(51)
Net income:226208172162150105162
Other undisclosed net income attributable to parent     53 
Net income available to common stockholders, diluted:226208172162150158162

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:226208172162150105162
Other comprehensive income (loss)59(19)5(16)(4)20(43)
Comprehensive income:285189177145145125119
Other undisclosed comprehensive income, net of tax, attributable to parent     53 
Comprehensive income, net of tax, attributable to parent:285189177145145178119

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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