Reading FULT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track FULT free→Reading FULT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track FULT free→NASDAQFinancialsBanks - RegionalSnapshot 2026-06-15
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and earnings quality is also neutral. Management's recent track record has been steady, and it has a capital-friendly stance. Risk is moderate, while the sector backdrop presents a headwind. Peer multiples imply a price about 5% above where it trades (it looks cheap on this basis); the read is fair. If FULT cuts guidance on the next call, that could have a meaningful negative impact. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 7 valuation methods, at three horizons. Current price $22.90. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $23 FULT trades at 10× p/e, below its 12× p/e peer median. Our $22 fair value sits above the price; high confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 4% of near-term growth above a flat-multiple fair value; not enough history to forecast a comparison. This describes what's priced in, not a forecast of the move.
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Financials names rated neutral grew net income 52% of the time over the next year (vs 61% for the rest of the cohort, n=4936).
Over the trailing year it converted 1.06x of net income into operating cash flow. Historically, Financials names rated neutral grew net income 58% of the time over the next year (vs 55% for the rest of the cohort, n=4725).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.54 → $0.54 (+0.4% / 30d). 4 raised, 1 cut, 7 covering analysts.
0 upgrades, 0 downgrades / 30d. 43% of analysts rate Buy.
1 PT revisions / 30d. Avg target 0.0% above current price.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$116.
How much price usually moves either way.
On a bad day, this stock has moved -$228.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,552.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
Valuation label changed from 'fair' to 'full'.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Strong cash flow helps growth and pays dividends. This shows good financial health.
Confirms:Cash from operations increases by more than 10% year over year.
Disproves:Cash from operations declines or grows less than 5% year over year.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for FULT yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On Thursday, May 28, 2026, Fulton Financial Corporation (“Fulton”) held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”). George K. Martin, a director of Fulton, did not stand for re-election to Fulton’s Board of Directors (the “Board”) at the Annual Meeting and retired from the Board effective immediately after the Annual Meeting. Mr…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Looks cheaper than most peers in the same business.
Around its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Regional Banks.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
FULT Fulton Financial Corporation | Typical Show detailsSector percentile: 64 of 100 | full | moderate |
HDB HDFC BANK LTD | — | — | moderate |
IBN ICICI BANK LTD | — | — | moderate |
ITUB ITAU UNIBANCO HOLDING SA | — | — | moderate |
FITB Fifth Third Bancorp | Below typical Show detailsSector percentile: 2 of 100 | expensive | moderate |
3 material management or governance events in the past 24 months, led by M&A activity. Historically, Financials names rated stable grew net income 56% of the time over the next year (vs 56% for the rest of the cohort, n=3736).
Not investment advice. As of 2026-06-15.
via XLF
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to increase dividends as part of capital allocation strategy.
Focus on enhancing operating income through cost management and efficiency.
Improve cash flow from operations to support financial stability.
Why it matters: A dividend increase shows financial strength. It shows a commitment to giving value to shareholders.
Confirms:Announcement of a dividend increase of more than 3% in the next quarter.
Disproves:No dividend increase announced in the next quarter.
Why it matters: Growing dividends shows a promise to give money back to shareholders. This helps build trust.
Confirms:Dividend per share increases from $0.19 in Q1 to at least $0.20 in Q2.
Disproves:Dividend per share remains at $0.19 or decreases in Q2.
Why it matters: Growth in operating income shows the business is doing better. It also shows good strategy execution.
Confirms:Operating income for Q2 shows an increase compared to Q1's $99.7 million.
Disproves:If operating income goes down or stays the same, it shows problems in making money.
Why it matters: A drop in net interest margin might mean less profit.
Confirms:Net interest margin reported below 3.5% in Q2 2026.
Disproves:Net interest margin remains above 3.5% in Q2 2026.
Why it matters: Strong cash flow means Fulton is working better. This helps its overall financial health.
Confirms:Cash from operations stays above $100M in Q2.
Disproves:Cash from operations falls below $100M in Q2.
Why it matters: A drop in sector revenue growth may show wider economic problems for Fulton.
Confirms:Sector revenue growth falls below its median of 10% year over year.
Disproves:Sector revenue growth remains above its median.
Why it matters: A steady or rising capital ratio shows strong financial health and follows rules.
Confirms:Common equity tier 1 capital ratio was over 11.5% in Q2 2026.
Disproves:Common equity tier 1 capital ratio falls below 11.5% in Q2 2026.
Why it matters: If Fulton integrates well, it can show it is getting the benefits from the deal.
Confirms:Management will share news about successful integration. They expect good customer feedback by Q3 2026.
Disproves:If there are delays or customer complaints, it shows problems with merging operations.
Results of Operations and Financial Condition. On April 22, 2026, Fulton Financial Corporation (the "Corporation") issued a press release (the "Press Release") announcing its results of operations for the first quarter ended March 31, 2026. A copy of the Press Release and supplementary financial information which accompanied the Press Release are attached as Exhibit 99.1 to this Current Report on Form 8-K (this "Current Report") and are incorporated herein by reference. The Corporation also p…
Other Events 5.950% Fixed-to-Floating Rate Subordinated Notes due 2036 On May 5, 2026, Fulton Financial Corporation, a Pennsylvania corporation (“we”, “us” or the “Company”), completed its previously announced underwritten public offering (the “Offering”) of $300,000,000 aggregate principal amount of its 5.950% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”). The Notes were sold pursuant to the Company’s registration statement on Form S-3ASR (File No. 333-289488) (the “Regist…
Completion of Acquisition or Disposition of Assets. The information set forth in the Introductory Note of this Current Report on Form 8-K is incorporated by reference into this
Regulation FD Disclosure. On April 1, 2026, Fulton issued a press release announcing the closing of the Merger. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information contained in this Item 7.01, as well as Exhibit 99.1 referenced herein, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed incorporated by reference in any filing under the Securities…