FULTON FINANCIAL CORP
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
FULT$24.00-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
(dollars in thousands)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $391,609 | $288,743 | $284,280 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 35,698 | 71,636 | 54,036 |
| Depreciation and amortization of premises and equipment | 28,276 | 39,164 | 30,055 |
| Net amortization of investment securities premiums | 1,378 | 764 | 11,231 |
| Net accretion of loan discounts | (47,750) | (38,748) | — |
| Investment securities losses, net | 2 | 20,283 | 733 |
| Gain on sales of mortgage loans held for sale | (8,788) | (8,186) | (5,094) |
| Proceeds from sales of mortgage loans held for sale | 528,935 | 547,691 | 363,406 |
| Originations of mortgage loans held for sale | (510,845) | (549,965) | (366,206) |
| Intangible amortization | 22,462 | 17,830 | 2,944 |
| Amortization of issuance costs and discounts on long-term borrowings | 321 | 710 | 750 |
| Gain on acquisition, net of tax | — | (36,996) | — |
| Loss (gain) on disposal of premises and equipment | 1,440 | (30) | — |
| Gain on sale-leaseback transaction | (606) | (20,266) | — |
| Stock-based compensation | 13,326 | 10,516 | 12,540 |
| Net change in deferred income tax | (4,168) | (23,187) | 24,666 |
| Net change in accrued salaries and benefits | 665 | 19,463 | (5,868) |
| Net change in life insurance cash surrender value | (16,196) | (19,872) | (27,664) |
| Other changes, net | (131,276) | 97,015 | (16,825) |
| Total adjustments | (87,126) | 127,822 | 78,704 |
| Net cash provided by operating activities | 304,483 | 416,565 | 362,984 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Proceeds from sales of AFS investment securities | 14,966 | 2,300,487 | 213,424 |
| Proceeds from principal repayments and maturities of AFS investment securities | 716,270 | 334,405 | 149,211 |
| Proceeds from principal repayments and maturities of HTM investment securities | 107,501 | 56,455 | 59,685 |
| Purchase of AFS investment securities | (654,245) | (1,744,778) | (79,053) |
| Purchase of HTM investment securities | (132,024) | (177,947) | — |
| Net change in FRB and FHLB stock | 18,565 | 22,762 | 5,781 |
| Net change in loans | (101,795) | (149,081) | (1,100,816) |
| Net purchases of premises and equipment | (20,146) | (42,453) | (32,958) |
| Settlement of bank owned life insurance | 2,947 | 2,687 | 2,264 |
| Proceeds from sale-leaseback transaction | 11,323 | 51,123 | — |
| Net cash received for acquisition | — | 1,018,371 | — |
| Net change in tax credit investments | (45,541) | (42,699) | (26,753) |
| Net cash (used in) provided by investing activities | (82,179) | 1,629,332 | (809,215) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Net change in demand and savings deposits | 603,635 | 478,593 | (1,198,222) |
| Net change in time deposits and brokered deposits | (143,661) | 1,074 | 2,086,307 |
| Net change in other borrowings | (484,994) | (1,951,161) | (379,431) |
| Repayments of senior debt and subordinated debt | — | (168,778) | (5,000) |
| Net proceeds from issuance of common stock | 7,709 | 270,582 | 3,160 |
| Dividends paid | (141,207) | (131,698) | (115,738) |
| Acquisition of treasury stock | (66,048) | (30,348) | (77,056) |
| Net cash (used in) provided by financing activities | (224,566) | (1,531,736) | 314,020 |
| Net (decrease) increase in Cash and Cash Equivalents | (2,262) | 514,161 | (132,211) |
| Cash and Cash Equivalents at Beginning of Period | 1,063,871 | 549,710 | 681,921 |
| Cash and Cash Equivalents at End of Period | $1,061,609 | $1,063,871 | $549,710 |
| Supplemental Disclosures of Cash Flow Information: | |||
| Cash paid during the period for: | |||
| Interest | $595,017 | $658,778 | $394,052 |
| Income taxes | 112,688 | 29,116 | 25,319 |
| Business Combination | |||
|---|---|---|---|
| Fair value of tangible assets acquired | $— | $4,707,290 | $— |
| Intangible assets | — | 92,600 | — |
| Liabilities assumed | — | 5,561,979 | — |
| PCD Loans credit discount | — | 54,631 | — |
| 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.