Fulton Financial Corporation (FULT) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6391,848518446402353331
Cash and cash equivalents1,6391,848518446402353331
Total current assets:1,6391,848518446402353331
Noncurrent Assets
Operating lease, right-of-use asset8284103
Property, plant and equipment220231240235223218226
Intangible assets, net (including goodwill), including:538537535532532532532
Goodwill534    531531
Intangible assets, net (excluding goodwill)4    11
Other undisclosed intangible assets, net (including goodwill)(0)537535532532  
Amortization method qualified affordable housing project investments1611521530   
Total noncurrent assets:1,0021,0051,031766754749757
Other undisclosed assets23,15623,05420,33719,47018,88017,84216,826
TOTAL ASSETS:25,79625,90721,88620,68220,03718,94417,915
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt417630883755618541498
Total current liabilities:417630883755618541498
Noncurrent Liabilities
Liabilities, other than long-term debt4932170   
Qualified affordable housing project investments, commitment4932170   
Total noncurrent liabilities:4932170   
Other undisclosed liabilities22,61822,62818,64417,68017,19016,28215,375
Total liabilities:23,08423,29019,54418,43517,80716,82315,873
Stockholders' equity
Stockholders' equity attributable to parent2,7132,6172,3422,2482,2302,1212,042
Preferred stock193193     
Common stock560558556554552550547
Treasury stock, value(870)(828)(793)(683)(589)(590)(576)
Additional paid in capital1,5201,5081,5001,4901,4781,4681,451
Accumulated other comprehensive income (loss)2765(0)(59)(33)(38)(22)
Retained earnings1,2821,1211,079946822732642
Total stockholders' equity:2,7132,6172,3422,2482,2302,1212,042
TOTAL LIABILITIES AND EQUITY:25,79625,90721,88620,68220,03718,94417,915

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues723743824757821753730
Net investment income723743824757668602583
Financial services revenue153151147
Cost of revenue (77)(33)(47)(23)(13)(2)
Provision for loan, lease, and other losses (77)(33)(47)
Financial services costs(23)(13)(2)
Gross profit:723666791710798740728
Operating expenses(144)(127)(111)(117)(409)(385)(364)
Other operating income, net
(Noninterest Income, Other Operating Income)
    262016
Operating income:579539680594414375381
Interest and debt expense(93)(114)(177)(128)(94)(82)(84)
Other undisclosed loss from continuing operations before equity method investments, income taxes (224)(240)(233)(86)(84)(98)
Income from continuing operations before equity method investments, income taxes:487202264233234208199
Other undisclosed loss from continuing operations before income taxes(152)  (25)(63)(47)(50)
Income from continuing operations before income taxes:334202264208172162150
Income tax expense(59)(24)(38)    
Net income:275178226208172162150
Other undisclosed net loss attributable to parent (0)     
Net income attributable to parent:275178226208172162150
Preferred stock dividends and other adjustments(10)(2)     
Net income available to common stockholders, diluted:265176226208172162150

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:275178226208172162150
Other comprehensive income (loss)(38)6559(19)5(16)(4)
Comprehensive income:238243285189177145145
Other undisclosed comprehensive loss, net of tax, attributable to parent (0)     
Comprehensive income, net of tax, attributable to parent:238243285189177145145

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: