Fulton Financial Corp Income Statement

Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 190.02M160.00M135.00M94.00M40.50M12.50M2.25M13.18M23.30M46.91M32.83M76.92M-14.60M28.02M54.04M71.64M
Revenue 694.89M741.07M747.65M760.74M714.86M682.25M681.83M187.63M198.90M195.49M211.43M226.34M240.23M227.16M228.41M296.01M
Interest income
Interest income - Loans 649.09M629.41M596.39M564.62M540.67M530.31M524.06M543.38M603.96M683.04M737.93M656.08M638.60M758.61M1,156.37M1,394.97M
Interest income - Investments 2.48M2.80M1.28M1.27M1.41M1.34M0.98M0.57M0.37M0.01M
Interest Income - Debt Securities 112.94M96.24M80.18M67.35M54.32M50.65M51.65M57.79M71.81M56.74M62.56M79.22M79.82M98.11M101.52M136.65M
Other interest income 0.20M0.51M1.84M1.83M2.26M4.02M4.79M3.78M5.07M6.19M9.25M5.50M5.00M8.11M15.35M50.58M
Interest Income - Total 786.47M745.37M693.70M647.50M609.69M596.08M583.79M603.10M668.87M758.51M825.31M742.88M723.41M864.84M1,273.24M1,582.20M
Interest expenses
Interest Expense - Deposits 180.83M122.36M83.08M56.90M36.77M35.11M40.48M44.69M57.79M87.71M131.78M70.05M30.00M43.83M292.20M521.86M
Interest Expense - Debt 80.91M62.81M49.71M45.20M43.30M44.49M42.94M36.78M32.93M31.86M30.60M28.02M26.78M22.26M46.97M37.79M
Interest Expense - Fed Funds 0.54M2.97M30.42M2.88M
Interest Expense - Others 2.15M0.61M6.82M28.00M39.08M
Interest Expenses 265.51M186.63M133.54M103.17M82.50M81.21M83.80M82.33M93.50M128.06M176.92M113.67M59.68M83.20M418.95M621.87M
Interest Income - Net 520.95M558.75M560.16M544.33M527.19M514.87M499.99M520.77M575.36M630.46M648.39M629.21M663.73M781.63M854.29M960.33M
Non-interest income
Interest Income - Total 330.93M398.75M425.16M450.33M486.69M502.37M497.74M507.59M552.06M583.55M615.56M552.29M678.33M753.61M800.25M888.69M
Financial Services Fees 40.42M45.02M47.48M44.34M41.71M44.60M44.06M51.47M52.86M
Service Charges 60.45M58.59M58.08M61.50M55.47M49.29M50.10M51.35M51.01M
Investment Gain (Loss) 14.48M14.65M7.47M3.83M8.13M2.07M9.07M2.55M9.07M0.04M4.73M3.05M33.52M-0.03M-0.73M-20.28M
Investment Banking Income 22.64M27.52M22.21M46.31M24.61M10.06M13.26M15.69M13.04M13.02M17.88M53.60M24.38M8.82M5.09M8.19M
Asset Management 32.08M34.17M36.48M38.24M
Mortgage Banking 25.06M29.30M25.67M44.60M30.66M17.11M18.21M19.41M19.93M
Trading Income 2.55M9.07M0.04M4.73M
Other Non-Interest Income 119.07M151.43M161.33M140.37M80.21M44.59M32.16M33.93M33.29M66.08M53.19M30.56M30.95M21.47M39.20M26.59M
Non-Interest Income 173.94M182.32M187.49M216.41M187.66M167.38M181.84M190.18M207.97M195.53M216.16M229.39M273.75M227.13M227.68M275.73M
Operating Items
Amortization - Intangibles 16.37M13.33M12.04M10.36M9.47M8.98M7.88M9.66M11.57M12.08M14.22M0.53M0.59M1.73M2.94M17.83M
Depreciation & Amortization - Total 12.82M11.69M12.87M14.24M15.42M13.57M14.51M12.79M12.94M13.24M13.57M13.88M13.81M14.03M14.39M17.85M
Research & Development 14.43M13.26M13.54M14.94M16.55M17.16M34.64M36.92M38.73M41.29M44.68M48.07M56.44M60.26M66.47M77.88M
Wages, Salaries and Other 218.81M216.49M227.44M243.91M253.24M251.02M260.83M283.35M290.13M303.20M311.93M324.39M329.14M356.88M377.42M432.82M
Rent Expense 42.04M43.53M44.00M44.66M46.94M48.13M47.78M47.61M49.71M51.68M52.83M53.01M53.80M56.20M58.02M69.36M
Restructuring Costs 10.33M37.63M
Other Operating Expenses 346.25M339.84M345.82M6.21M382.51M380.39M383.23M392.20M424.20M439.90M456.66M464.47M493.78M492.92M540.33M617.07M
Operating Expenses 415.54M408.32M416.24M449.29M461.43M459.25M480.16M489.52M525.58M546.10M567.74M579.44M617.83M633.73M679.21M819.79M
Operating Income -308.94M-334.71M-366.16M-358.23M-382.88M-413.46M-459.80M-532.74M
EBIT 354.85M359.37M329.95M320.61M295.42M291.71M283.22M-308.94M-334.71M361.03M-366.16M-358.23M-382.88M-413.46M-459.80M-532.74M
Non-operating items
Other Non Operating Income -4.33M-2.88M-33.25M
Net income details
EBT 89.33M172.74M196.41M217.45M212.93M210.50M199.42M208.25M234.45M232.97M263.99M202.24M334.25M347.01M348.72M344.63M
Tax Provisions 15.41M44.41M50.84M57.60M51.09M52.61M49.92M46.62M62.70M24.58M37.65M24.20M58.75M60.03M64.44M55.89M
Profit After Tax 73.92M128.33M145.57M159.84M161.84M157.89M149.50M161.62M171.75M208.39M226.34M178.04M275.50M286.98M284.28M288.74M
Equity Income -84.17M6.73M-4.45M46.35M56.55M33.13M60.81M58.48M111.23M74.63M44.93M162.04M
Income from Continuing Operations 73.92M128.33M145.57M159.84M161.84M157.89M149.50M161.62M171.75M208.39M226.34M178.04M275.50M286.98M284.28M288.74M
Consolidated Net Income 73.92M128.33M145.57M159.84M161.84M157.89M149.50M161.62M171.75M208.39M226.34M178.04M275.50M286.98M284.28M288.74M
Income towards Parent Company 73.92M128.33M145.57M159.84M161.84M157.89M149.50M161.62M171.75M208.39M226.34M178.04M275.50M286.98M284.28M288.74M
Preferred Dividend Payments 20.17M16.30M2.13M10.28M10.25M10.25M10.25M
Net Income towards Common Stockholders 53.76M112.03M145.57M159.84M161.84M157.89M149.50M161.62M171.75M208.39M226.34M175.91M265.22M276.73M274.03M278.50M
Additional items
EPS (Basic) 0.310.590.730.800.840.850.850.930.981.191.361.081.631.691.661.59
EPS (Weighted Average and Diluted) 0.310.590.730.800.830.840.850.930.981.181.351.081.621.671.641.57
Shares Outstanding (Weighted Average) 173.27M175.12M176.10M164.12M162.25M161.30M167.49M164.19M182.03M
Tax Rate 17.25%25.71%25.88%26.49%23.99%24.99%25.03%22.39%26.74%10.55%14.26%11.96%17.58%17.30%18.48%16.22%