FULTON FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 1, 2024
FULT$24.13+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(dollars in thousands, except per-share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Cash and due from banks | $300,343 | $126,898 |
| Interest-bearing deposits with other banks | 249,367 | 555,023 |
| Cash and cash equivalents | 549,710 | 681,921 |
| FRB and FHLB stock | 124,405 | 130,186 |
| Loans held for sale | 15,158 | 7,264 |
| Investment securities: | ||
| AFS, at estimated fair value | 2,398,352 | 2,646,767 |
| HTM, at amortized cost | 1,267,922 | 1,321,256 |
| Net loans | 21,351,094 | 20,279,547 |
| Less: ACL - loans | (293,404) | (269,366) |
| Loans, net | 21,057,690 | 20,010,181 |
| Net premises and equipment | 222,881 | 225,141 |
| Accrued interest receivable | 107,972 | 91,579 |
| Goodwill and net intangible assets | 560,687 | 560,824 |
| Other assets | 1,267,138 | 1,256,583 |
| Total Assets | $27,571,915 | $26,931,702 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing | $5,314,094 | $7,006,388 |
| Interest-bearing | 16,223,529 | 13,643,150 |
| Total Deposits | 21,537,623 | 20,649,538 |
| Borrowings: | ||
| Federal funds purchased | 240,000 | 191,000 |
| Federal Home Loan Bank advances | 1,100,000 | 1,250,000 |
| Senior debt and subordinated debt | 535,384 | 539,634 |
| Other borrowings and interest-bearing liabilities | 612,142 | 890,573 |
| Total borrowings | 2,487,526 | 2,871,207 |
| Accrued interest payable | 35,083 | 10,185 |
| Other liabilities | 751,544 | 821,015 |
| Total Liabilities | $24,811,776 | $24,351,945 |
| SHAREHOLDERS' EQUITY | ||
| Preferred stock, no par value, 10,000,000 shares authorized, Series A, 200,000 shares authorized and issued as of December 31, 2023 and 2022, liquidation preference of $1,000 per share | 192,878 | 192,878 |
| Common stock, $2.50 par value, 600,000,000 shares authorized, 225,760,963 shares issued as of December 31, 2023 and 224,604,432 issued as of December 31, 2022 | 564,402 | 561,511 |
| Additional paid-in capital | 1,552,860 | 1,541,840 |
| Retained earnings | 1,619,300 | 1,450,758 |
| Accumulated other comprehensive loss | (312,280) | (385,476) |
| Treasury stock, at cost, 61,959,552 shares in 2023 and 57,005,339 shares in 2022 | (857,021) | (781,754) |
| Total Shareholders' Equity | 2,760,139 | 2,579,757 |
| Total Liabilities and Shareholders' Equity | $27,571,915 | $26,931,702 |
| See Notes to Consolidated Financial Statements | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.