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Fulton Financial Corp (FULT) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Fulton Financial Corp (FULT) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Fulton Financial Corp is a multi-bank financial holding company. It provides banking and financial services to businesses and consumers. The company's primary source of revenue is interest income on loans. Fulton Financial Corp has a market cap of $3.05 billion; its shares were traded at around $17.30 with a P/E ratio of 14.67 and P/S ratio of 4.26. The dividend yield of Fulton Financial Corp stocks is 2.77%.


For the last quarter Fulton Financial Corp reported a revenue of $212.5 million, compared with the revenue of $102.5 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $826.0 million, an increase of 21.6% from last year. For the last five years Fulton Financial Corp had an average revenue growth rate of 2.2% a year.

The reported diluted earnings per share was $1.18 for the year, an increase of 20.4% from previous year. Over the last five years Fulton Financial Corp had an EPS growth rate of 6.8% a year. The profitability rank of the company is 1 (out of 10).

At the end of the fiscal year, Fulton Financial Corp has the cash and cash equivalents of $103.4 million, compared with $402.1 million in the previous year. The long term debt was $992.3 million, compared with $1 billion in the previous year. Fulton Financial Corp has a financial strength rank of 3 (out of 10).

At the current stock price of $17.30, Fulton Financial Corp is traded at 33.9% premium to its historical median P/S valuation band of $12.92. The P/S ratio of the stock is 4.26, while the historical median P/S ratio is 3.19. The stock lost 1.55% during the past 12 months.

For the complete 20-year historical financial data of FULT, click here.

This article first appeared on GuruFocus.