Short answer
FULTON FINANCIAL CORP (FULT) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $277M (−6.5% year over year) and net income of $392M.
- Top risk flagged: Regulatory risk from potential changes in GSE loan sale eligibility impacting secondary market sales and non-interest income, critical for liquidity and interest rate risk management
FY2025 key financial metrics · XBRL
- Revenue
- $277M
- −6.5% YoY
- Net income
- $392M
- +35.6% YoY
- EPS (diluted)
- $2.08
- +32.5% YoY
- ROE
- 11.2%
- +2.2 pp YoY
- Operating cash flow
- $304M
- −26.9% YoY
Source: XBRL data from the FULTON FINANCIAL CORP (FULT) FY2025 10-K on SEC EDGAR. USD.
FULTON FINANCIAL CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business mainly providing banking services through Fulton Bank subsidiary
- No new products, services, or segments introduced or emphasized in fiscal 2026
- Regulatory compliance focus on dividend payments from subsidiaries to parent company
- 180.0 million common shares outstanding, 53,242 record holders as of Feb 2, 2026
- Common stock trading on Nasdaq at $21.17 per share as of Feb 24, 2026
Management Discussion & Analysis
- Revenue: Net interest income $1.04B in 2025, up $76M from $960.3M in 2024; Non-interest income $276.8M, up $1M YoY
- Profitability: Operating return on avg. assets 1.28% vs 1.11% in 2024; Operating return on avg. tangible common equity 15.7% vs 14.81%
- Segment: Banking core driver, NIM 3.51% vs 3.42% (best); No separate worst segment data provided
- Capital allocation: Repurchased 3.3M shares for $59.7M at $18.16/share; Non-interest expense down $28M to $791.8M; No dividend or capex figures disclosed
- Outlook: Merger with Blue Foundry expected close ~April 2026; Integration costs $1.1M in 2025; No explicit forward guidance or risk commentary
Risk Factors
- Regulatory risk from potential changes in GSE loan sale eligibility impacting secondary market sales and non-interest income, critical for liquidity and interest rate risk management
- Geopolitical exposure via local economies vulnerable to Russia-Ukraine war effects and Middle East tensions, limiting geographic diversification
- Operational vulnerability due to significant reliance on third-party vendors for core processing systems, increasing potential service disruptions
- Market disruption risk from increasing competition for deposits and loans amid rising interest rates and reduced demand for commercial real estate loans
- Financial risk from 36% uninsured deposits at Dec 31, 2025, subject to volatility from deposit withdrawals affecting liquidity and funding costs
Generated from the filing text; verify against the original. How to read a 10-K
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