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Fulton Financial (FULT) Q4 Earnings Report Preview: What To Look For

FULT Cover Image

Regional banking company Fulton Financial (NASDAQ: FULT) will be reporting results this Wednesday after market close. Here’s what investors should know.

Fulton Financial beat analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $338.9 million, up 3% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ tangible book value per share estimates and a decent beat of analysts’ revenue estimates.

Is Fulton Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Fulton Financial’s revenue to grow 2.9% year on year to $335.7 million, slowing from the 18.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.51 per share.

Fulton Financial Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Fulton Financial has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.2% on average.

Looking at Fulton Financial’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. First Horizon delivered year-on-year revenue growth of 8.1%, beating analysts’ expectations by 3.2%, and BOK Financial reported revenues up 12.7%, topping estimates by 7.6%. First Horizon traded up 102% following the results.

Read our full analysis of First Horizon’s results here and BOK Financial’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Fulton Financial is down 1.1% during the same time and is heading into earnings with an average analyst price target of $21.10 (compared to the current share price of $20).

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