Fulton Financial Corporation (FULT)

NASDAQFinancialsBanks - RegionalSnapshot 2026-10-23

$23.67+1.37%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Fulton Financial Corporation’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Oct 4, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

+2.1%

+10% or more+5%0%−5%−10% or less

2.31 → 2.36 EPS · FY ending Dec 31, 2027 · 6 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 6 to 6; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	373.72M
EPS	—	0.567
Quarter ending 2027-03-31
Revenue	—	369.63M
EPS	—	0.557
Annual ending 2026-12-31
Revenue	—	1.44B
EPS	—	2.141
Annual ending 2027-12-31
Revenue	—	1.53B
EPS	—	2.359

Management figures unavailable.

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Dividend per share growth	The company is committed to growing dividends, raising them to $0.19 per share.	Intact	Dividends do not increase by at least $0.01 by FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 2 of 3 supplied transcript quarters. The reported cash dividend was $0.19 per share in both 2026-Q2 and 2026-Q3, unchanged across those quarters. The data shows continuation of the payment, with no reported increase during this interval. Delivery assessment Oct 24, 2026
Net loans growth	Net loans increased to $25.9 billion in Q2 2026.	Intact	Net loans fall below $25 billion by FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Operating income growth	Operating income rose to $127.7 million, showing strong profitability.	Intact	Operating income falls below $125 million by FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Oct 4, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$2.36

$2.33 → $2.36 · observed estimates

FY2027 revenue$1.53B

Unavailable → $1.53B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$2.33	Unavailable	5 / 4
2026-07-25	$2.36	$1,515,842,400	7 / 5
2026-07-26	$2.36	$1,515,842,400	7 / 5
2026-07-27	$2.34	Unavailable	6 / 4
2026-07-28	$2.34	Unavailable	6 / 4
2026-07-29	$2.36	$1,521,418,670	7 / 6
2026-07-30	$2.30	Unavailable	6 / 4
2026-07-31	$2.36	$1,521,418,670	7 / 6
2026-08-01	$2.30	Unavailable	6 / 4
2026-08-02	$2.35	$1,519,268,670	7 / 6
2026-08-03	$2.35	$1,519,268,670	7 / 6
2026-08-04	$2.35	$1,519,268,670	7 / 6
2026-08-05	$2.35	$1,519,164,000	7 / 6
2026-08-06	$2.35	$1,519,164,000	7 / 6
2026-08-07	$2.30	Unavailable	6 / 4
2026-08-08	$2.36	$1,519,164,000	7 / 6
2026-08-09	$2.36	$1,519,164,000	7 / 6
2026-08-10	$2.36	$1,519,164,000	7 / 6
2026-08-12	$2.36	$1,519,164,000	7 / 6
2026-08-13	$2.36	$1,519,164,000	7 / 6
2026-08-14	$2.30	Unavailable	6 / 4
2026-08-15	$2.30	Unavailable	6 / 4
2026-08-16	$2.30	Unavailable	6 / 4
2026-08-17	$2.30	Unavailable	6 / 4
2026-08-18	$2.30	Unavailable	6 / 4
2026-08-19	$2.30	Unavailable	6 / 4
2026-08-20	$2.30	Unavailable	6 / 4
2026-08-21	$2.30	Unavailable	6 / 4
2026-08-22	$2.30	Unavailable	6 / 4
2026-08-23	$2.30	Unavailable	6 / 4
2026-08-24	$2.30	Unavailable	6 / 4
2026-08-25	$2.30	Unavailable	6 / 4
2026-08-26	$2.30	Unavailable	6 / 4
2026-08-27	$2.30	Unavailable	6 / 4
2026-08-28	$2.30	Unavailable	6 / 4
2026-08-29	$2.30	Unavailable	6 / 4
2026-08-30	$2.30	Unavailable	6 / 4
2026-08-31	$2.30	Unavailable	6 / 4
2026-09-01	$2.30	Unavailable	6 / 4
2026-09-02	$2.30	Unavailable	6 / 4
2026-09-03	$2.30	Unavailable	6 / 4
2026-09-04	$2.30	Unavailable	6 / 4
2026-09-05	$2.30	Unavailable	6 / 4
2026-09-06	$2.30	Unavailable	6 / 4
2026-09-07	$2.30	Unavailable	6 / 4
2026-09-08	$2.30	Unavailable	6 / 4
2026-09-09	$2.30	Unavailable	6 / 4
2026-09-10	$2.30	Unavailable	6 / 4
2026-09-11	$2.30	Unavailable	6 / 4
2026-09-12	$2.30	Unavailable	6 / 4
2026-09-13	$2.30	Unavailable	6 / 4
2026-09-14	$2.30	Unavailable	6 / 4
2026-09-15	$2.30	Unavailable	6 / 4
2026-09-16	$2.30	Unavailable	6 / 4
2026-09-17	$2.30	Unavailable	6 / 4
2026-09-18	$2.30	Unavailable	6 / 4
2026-09-19	$2.30	Unavailable	6 / 4
2026-09-20	$2.30	Unavailable	6 / 4
2026-09-21	$2.30	Unavailable	6 / 4
2026-09-22	$2.30	Unavailable	6 / 4
2026-09-23	$2.31	Unavailable	6 / 4
2026-09-24	$2.31	Unavailable	6 / 4
2026-09-25	$2.31	Unavailable	6 / 4
2026-09-26	$2.31	Unavailable	6 / 4
2026-09-27	$2.31	Unavailable	6 / 4
2026-09-28	$2.31	Unavailable	6 / 4
2026-09-29	$2.31	Unavailable	6 / 4
2026-09-30	$2.31	Unavailable	6 / 4
2026-10-01	$2.31	Unavailable	6 / 4
2026-10-02	$2.31	Unavailable	6 / 4
2026-10-03	$2.32	Unavailable	6 / 4
2026-10-04	$2.32	Unavailable	6 / 4
2026-10-05	$2.32	Unavailable	6 / 4
2026-10-06	$2.32	Unavailable	6 / 4
2026-10-07	$2.34	Unavailable	6 / 4
2026-10-08	$2.34	Unavailable	6 / 4
2026-10-09	$2.34	Unavailable	6 / 4
2026-10-10	$2.34	Unavailable	6 / 4
2026-10-11	$2.34	Unavailable	6 / 4
2026-10-12	$2.34	Unavailable	6 / 4
2026-10-13	$2.34	Unavailable	6 / 4
2026-10-14	$2.34	Unavailable	6 / 4
2026-10-15	$2.34	Unavailable	6 / 4
2026-10-16	$2.34	$1,525,923,733	6 / 5
2026-10-17	$2.34	$1,525,923,733	6 / 5
2026-10-18	$2.34	$1,525,923,733	6 / 5
2026-10-19	$2.34	$1,525,923,733	6 / 5
2026-10-20	$2.34	$1,525,923,733	6 / 5
2026-10-21	$2.34	$1,525,923,733	6 / 5
2026-10-22	$2.34	$1,525,923,733	6 / 5
2026-10-23	$2.35	$1,529,307,067	6 / 5
2026-10-24	$2.36	$1,529,407,067	6 / 5

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	3	3
2026-06-01	3	4
2026-07-01	3	4
2026-08-01	3	4
2026-09-01	3	4
2026-10-01	3	5

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 3 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell

0 upgrades1 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 1 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Dividend per share growthDirect metric needs a verified mapping
Net loans growthDirect metric needs a verified mapping
Operating income growthDirect metric needs a verified mapping

Next proof point

Next earnings date unavailable

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.9%Typical daily move · historical

Downside history

-15.5%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Fulton Financial Corporation outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

FULT is a regional bank with a growth-and-integration story, rather than a clear turnaround. Its long-term thesis is intact this month: recent performance remains in the top half of its industry, and the latest earnings event was positive.

What's priced into Fulton Financial Corporation

The valuation evidence describes FULT as cheap versus peers, though the priced-in tag is stretched, so these signals are not fully aligned. The expectations gap is modest, and priced-in fragility is low because weak execution quality is not joined by the full set of expensive valuation and turbulent conditions.

What the fundamentals likely do

Through Q3, net loans and net interest income increased, and management reported customer-base and customer-funding growth. Loan growth partly reflects the Blue Foundry acquisition, which management says is integrated; share repurchases also increased in Q3. Near term, the sector backdrop is a headwind, and earnings quality is fragile despite a low estimated miss risk and recent earnings beats.

What Fulton Financial Corporation hinges on

Over the next few quarters, the thesis depends in part on continued disciplined growth and successful follow-through from the Blue Foundry integration. A guidance cut would be a meaningful negative, while rate cuts from the current level could weigh on the sector. Continued earnings strength and higher guidance from sector bellwethers could support sector momentum, though the evidence does not establish how directly that would affect FULT.