Filing Flows › Fulton Financial (FULT) › Q1 2025
Fulton Financial (FULT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Fulton Financial (FULT) reported revenue of $318M for the first quarter 2025 (Q1 2025), +21% from a year earlier and -0.4% from the quarter before. Operating margin was 36.1%, net earnings $93.0M (29.2% of revenue).
Fulton Financial, Q1 2025: revenue $318M (+21% year over year), operating margin 36.1%, net earnings $93.0M, operating cash flow $703K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $318M | -0.4% | +21% |
| Operating profit | $115M | +33% | +52% |
| Net earnings | $93.0M | +36% | +50% |
| Operating cash flow | $703K | -99% | -100% |
What changed
Revenue was $318.4M in Q1 2025, up 21% year over year and roughly flat from the previous quarter. Wealth management was the largest line at 7% of revenue. Other added $4.5M year over year (up 133%), 8% of the total change.
Operating profit was $115.1M, a 36.1% margin (up 7.5 points year over year). Of the extra revenue versus a year earlier, 73% reached operating profit, above the 29% margin then. Total costs grew 8% against revenue growth of 21%. The fastest-growing cost line was Credit loss provision (+27%). Net earnings were $93.0M, up 50% year over year. The effective tax rate was 19.2%.
Operating cash flow was $703K (down 100% year over year), 1% of net earnings. Non-cash charges added back $1.9M of share-based compensation. Working capital and other items used $94.2M.
Questions
What was Fulton Financial's revenue in the first quarter 2025?
Fulton Financial (FULT) reported revenue of $318M for the first quarter 2025 (Q1 2025), +21% from a year earlier and -0.4% from the quarter before.
Was Fulton Financial profitable in the first quarter 2025?
Operating profit was $115M (36.1% of revenue) and net earnings $93.0M.
Source: Fulton Financial 10-Q on SEC EDGAR.