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Fulton Financial Corp.
Fulton Financial Corp.

-5.52%

Financial services / Financial services

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

Fulton Financial Corp. is a holding company that operates a network of banks and financial services companies primarily in Pennsylvania, Maryland, Delaware, New Jersey, Virginia, and Washington, D.C. The company was founded in 1982 and is headquartered in Lancaster, Pennsylvania.
Fulton Financial Corp.'s subsidiaries include Fulton Bank, F&M Trust, Swineford National Bank, Lafayette Ambassador Bank, The Columbia Bank, and The Bank of Gloucester County. Together, these subsidiary banks operate over 220 branches and offer a range of financial products and services, including personal and business banking, wealth management, insurance, and investment services.
Fulton Financial Corp. is listed on the Nasdaq stock exchange under the ticker symbol FULT and is included in the S&P 400 MidCap index. As of 2021, the company has over $26 billion in assets and employs over 3,500 people.
The company's mission is to be a leading financial services provider in the markets it serves, delivering value to its customers, employees, and shareholders. It strives to achieve this through a commitment to quality, integrity, community involvement, and prudent financial management.
Fulton Financial Corp. is also committed to sustainability and has implemented initiatives to reduce its environmental footprint, support local communities, and promote diversity and inclusion within its workforce.
Overall, Fulton Financial Corp. is a well-established and reputable company that has a long history of serving its customers and communities.

What is special about the company?

1. Strong Financial Performance: Fulton Financial Corp. has consistently delivered strong financial results, with a track record of consistent profitability and a strong balance sheet.
2. Diversified Business Model: The company has a well-diversified business model, with operations in commercial banking, consumer banking, mortgage banking, and wealth management. This not only helps mitigate risks, but also allows the company to capture opportunities in different market segments.
3. Community Focused: Fulton Financial Corp. takes pride in being a community bank and is committed to giving back to the communities it serves. The company and its employees regularly participate in charitable initiatives and volunteer work.
4. Long History: The company has a long history dating back to 1882, which has allowed it to develop deep roots and build a strong reputation in its markets.
5. Consistent Growth: Fulton Financial Corp. has a consistent track record of growth through both organic expansion and strategic acquisitions. This has enabled the company to expand its geographic reach and customer base.
6. Strong Corporate Culture: The company places a strong emphasis on its employees and has been recognized for its positive workplace culture and employee engagement. This results in a motivated and dedicated workforce that is committed to delivering excellent customer service.
7. Technology-Driven: Despite its traditional community banking roots, Fulton Financial Corp. has embraced technology and actively invests in digital solutions to improve efficiency and enhance the customer experience.
8. Strong Risk Management: The company has a robust risk management framework in place to identify, assess, and mitigate risks. This has helped the company navigate through difficult economic conditions and maintain its financial strength.
9. Strong Shareholder Returns: Over the years, Fulton Financial Corp. has generated strong returns for its shareholders through a combination of dividend payments and share buybacks.
10. Commitment to Sustainability: Fulton Financial Corp. is committed to sustainable business practices and has implemented initiatives to reduce its environmental impact, promote diversity and inclusion, and support the communities it serves.

What the company's business model?

The Fulton Financial Corp. is a financial services holding company that provides a diverse range of financial products and services to its clients. Its business model is focused on building strong, long-term relationships with customers and providing them with personalized financial solutions to meet their needs. The company operates through various subsidiary banks, including Fulton Bank, Fulton Bank of New Jersey, Lafayette Ambassador Bank, and more, serving customers in Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. Its business model is based on four key pillars: 1) consumer and commercial banking, which includes lending, deposit and cash management services; 2) wealth management and brokerage services, including investment management, trust, and wealth planning services; 3) insurance services, which provides property and casualty insurance, employee benefits, and risk management services; and 4) real estate finance, which provides commercial real estate lending and financing services.
The company's business model also centers on responsible and sustainable growth, focusing on organic growth through customer acquisition and retention, as well as strategic acquisitions to enhance its capabilities and geographic reach. It also maintains a strong focus on managing costs and maintaining a strong balance sheet to support its growth and profitability. As a community bank, Fulton Financial Corp. is committed to serving the needs of the communities in which it operates, and its business model emphasizes community involvement and support through charitable donations and volunteerism. By operating with integrity and putting customers first, Fulton Financial Corp. aims to maintain its reputation as a trusted and reliable financial partner for its customers.

Interesting facts about the company

1. The Fulton Financial Corp. was founded in 1882 as the Fulton National Bank, making it over 138 years old.
2. The company is headquartered in Lancaster, Pennsylvania and operates more than 225 branches in 6 states.
3. Fulton Financial Corp. is listed on the Nasdaq stock exchange under the symbol FULT.
4. The company’s name was changed from Fulton National Corporation to Fulton Financial Corporation in 1981.
5. Fulton Financial Corp. is the largest financial holding company based in Lancaster County, Pennsylvania.
6. The company is a diversified financial services company that offers banking, insurance, investment management, and other financial services.
7. Fulton Financial Corp. has been recognized as one of the “World’s Most Ethical Companies” by the Ethisphere Institute for seven consecutive years.
8. In 2020, the company was named to Forbes’ list of “America’s Best Banks” for the sixth consecutive year.
9. The company has been named as one of the “Best Banks to Work For” by American Banker for five consecutive years.
10. Fulton Financial Corp. has over $27 billion in assets.
11. The company has a strong commitment to supporting the communities it serves, with over $12 million donated to charitable causes in 2019 alone.
12. Fulton Financial Corp. has been recognized as a top-performing bank by the Independent Community Bankers of America (ICBA).
13. The company has received various awards for its excellence in customer service, including the Highest Customer Satisfaction with Retail Banking in the Mid-Atlantic Region by J.D. Power.
14. The company has made a commitment to sustainability and is a member of the U.S. Green Building Council.
15. Fulton Financial Corp. has acquired 13 financial institutions since 1986, expanding its reach and services across the Mid-Atlantic region.

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