Fulton Financial Corp (NASDAQ: FULT)

Fulton Financial Corp, known by its ticker symbol FULT, operates in the financial services industry. The company's primary business activities include consumer and commercial banking, wealth management, and insurance services. Incorporated in 1982 and becoming a financial holding company in 2000, Fulton Financial Corp owns 100% of Fulton Bank, a national banking association, and five non-bank subsidiaries.

Fulton Financial Corp offers a range of services and products, from consumer and commercial banking to wealth management and insurance services. The company serves individuals, small and medium-sized businesses, and large corporations, with its largest customer segment being commercial banking customers. Fulton Financial Corp's operations span across various regions, offering financial products and services to a diverse customer base.

The company generates revenue through its lending activities, fees, and commissions associated with its financial products and services. Fulton Financial Corp's main source of revenue comes from its consumer and commercial banking services, including checking and savings accounts, certificates of deposit, home equity loans, and mortgage products. Fulton Bank also provides commercial banking services, such as commercial real estate loans, commercial and industrial loans, and construction loans.

Fulton Financial Corp competes in a highly competitive industry with other commercial banks, credit unions, fintech companies, marketplace lenders, and non-bank entities. However, the company has several competitive advantages, including a strong brand reputation, extensive network of financial centers, and experienced management team. Fulton Financial Corp's ability to provide personalized service to its customers, combined with its wide range of financial products and services, sets it apart from its competitors.

In terms of cybersecurity, Fulton Financial Corp takes the security of its customers' data seriously. The company has implemented a comprehensive cybersecurity strategy to protect against cyber threats. Fulton Financial Corp conducts regular employee training and communications on cybersecurity, and has implemented continuous monitoring, detection, and alerting technologies to detect and respond to potential security incidents.

Fulton Financial Corp's commitment to climate risk management is another noteworthy aspect of its operations. The company recognizes the potential impact of climate change on its operations and has taken steps to assess and mitigate its exposure to climate-related risks. Fulton Financial Corp has implemented a climate risk management framework that includes identifying and assessing climate-related risks, developing strategies to mitigate those risks, and monitoring and reporting on its climate-related performance.

Fulton Financial Corp offers various financial services and products through its subsidiaries, Fulton Bank, Fulton Financial Advisors, Fulton Private Bank, and its insurance services division. Fulton Bank provides consumer and commercial banking services, while Fulton Financial Advisors and Fulton Private Bank offer wealth management services. Fulton Financial Corp's insurance services division provides life insurance, disability insurance, and other types of insurance products.