FULTON FINANCIAL CORP
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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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.
FY2024 · Filed Feb 28, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Cash and due from banks | $279,041 | $300,343 |
| Interest-bearing deposits with other banks | 784,830 | 249,367 |
| Cash and Cash Equivalents | 1,063,871 | 549,710 |
| FRB and FHLB stock | 139,574 | 124,405 |
| Loans held for sale | 25,618 | 15,158 |
| Investment securities: | ||
| AFS, at estimated fair value | 3,410,899 | 2,398,352 |
| HTM, at amortized cost | 1,395,569 | 1,267,922 |
| Net loans | 24,044,919 | 21,351,094 |
| Less: ACL - loans | (379,156) | (293,404) |
| Loans, Net | 23,665,763 | 21,057,690 |
| Net premises and equipment | 195,527 | 222,881 |
| Accrued interest receivable | 117,029 | 107,972 |
| Goodwill and net intangible assets | 635,458 | 560,687 |
| Other assets | 1,422,502 | 1,267,138 |
| Total Assets | $32,071,810 | $27,571,915 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing | $5,499,760 | $5,314,094 |
| Interest-bearing | 20,629,673 | 16,223,529 |
| Total Deposits | 26,129,433 | 21,537,623 |
| Borrowings: | ||
| Federal funds purchased | — | 240,000 |
| FHLB advances | 850,000 | 1,100,000 |
| Senior debt and subordinated debt | 367,316 | 535,384 |
| Other borrowings and interest-bearing liabilities | 564,732 | 612,142 |
| Total Borrowings | 1,782,048 | 2,487,526 |
| Accrued interest payable | 31,620 | 35,083 |
| Other liabilities | 931,384 | 751,544 |
| Total Liabilities | 28,874,485 | 24,811,776 |
| SHAREHOLDERS' EQUITY | ||
| Preferred stock, no par value, 10,000,000 shares authorized, Series A, 200,000 shares issued as of December 31, 2024 and 2023, liquidation preference of $1,000 per share | 192,878 | 192,878 |
| Common stock, $2.50 par value, 600,000,000 shares authorized, 245,946,392 shares issued as of December 31, 2024 and 225,760,963 issued as of December 31, 2023 | 614,866 | 564,402 |
| Additional paid-in capital | 1,789,214 | 1,552,860 |
| Retained earnings | 1,775,620 | 1,619,300 |
| Accumulated other comprehensive loss | (287,819) | (312,280) |
| Treasury stock, at cost, 63,857,567 shares in 2024 and 61,959,552 shares in 2023 | (887,434) | (857,021) |
| Total Shareholders' Equity | 3,197,325 | 2,760,139 |
| Total Liabilities and Shareholders' Equity | $32,071,810 | $27,571,915 |
| 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.