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First Horizon vs Fulton Financial: FHN and FULT compared
First Horizon is the larger company: $407M of revenue in its latest quarter (Q3 2026) against $367M for Fulton Financial (Q3 2026). Fulton Financial is growing faster (+10% against -54% a year earlier). Fulton Financial is more profitable, with an operating margin of 39.4% against -23.8%.
Where the money goes: FHN and FULT
First Horizon (FHN) · Q3 2026
First Horizon, Q3 2026: revenue $407M (-54% year over year), operating margin -23.8%, net loss $79.0M, operating cash flow $623M. The chart follows the revenue to costs, profit and cash.
Fulton Financial (FULT) · Q3 2026
Fulton Financial, Q3 2026: revenue $367M (+10% year over year), operating margin 39.4%, net earnings $117M, operating cash flow $294M. The chart follows the revenue to costs, profit and cash.
| First Horizon (FHN) | Fulton Financial (FULT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $407M | $367M |
| Revenue growth, Y/Y | -54% | +10% |
| Operating margin | -23.8% | 39.4% |
| Net earnings | −$79.0M | $117M |
| Net margin | -19.4% | 31.8% |
| Operating cash flow | $623M | $294M |
| Free cash flow | $594M | — |
| Market value | $10.9B | $4.7B |
| P/E | 15.0× | 11.3× |
| Analysts’ mean target | $27.13 | $26.25 |
Where the revenue comes from
Fulton Financial
- Other revenues: $290M (79%)
- Wealth management: $25.3M (7%)
- Commercial banking: $25.0M (7%)
- Consumer banking: $15.7M (4%)
Questions
Which is bigger, First Horizon or Fulton Financial?
First Horizon is the larger company: $407M of revenue in its latest quarter (Q3 2026) against $367M for Fulton Financial (Q3 2026).
Is First Horizon or Fulton Financial growing faster?
Fulton Financial is growing faster (+10% against -54% a year earlier).
Which is more profitable, First Horizon or Fulton Financial?
Fulton Financial is more profitable, with an operating margin of 39.4% against -23.8%.
More: First Horizon earnings · how First Horizon makes money · Fulton Financial earnings · how Fulton Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.