Fulton Financial Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.01-23

Fulton Financial (NASDAQ:FULT) Full Year 2024 Results

Key Financial Results

  • Revenue: US$1.13b (up 9.7% from FY 2023).
  • Net income: US$278.5m (up 1.6% from FY 2023).
  • Profit margin: 25% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses.
  • EPS: US$1.53.
NasdaqGS:FULT Earnings and Revenue Growth January 23rd 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fulton Financial Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Fulton Financial's balance sheet health.

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