GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fulton Financial Corp (NAS:FULT) » Definitions » Effective Interest Rate on Debt %

Fulton Financial (Fulton Financial) Effective Interest Rate on Debt % : 29.14% (As of Dec. 2023)


View and export this data going back to 1985. Start your Free Trial

What is Fulton Financial Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Fulton Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $505 Mil. Fulton Financial's average total debt for the quarter that ended in Dec. 2023 was $1,731 Mil. Therefore, Fulton Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 29.14%.


Fulton Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Fulton Financial's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fulton Financial Effective Interest Rate on Debt % Chart

Fulton Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.20 6.16 4.03 5.88 24.45

Fulton Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.00 19.98 23.36 29.14 27.00

Competitive Comparison of Fulton Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Fulton Financial's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fulton Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Fulton Financial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Fulton Financial's Effective Interest Rate on Debt % falls into.



Fulton Financial Effective Interest Rate on Debt % Calculation

Fulton Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -418.95/( (1790.813+1636.222)/ 2 )
=-1  *  -418.95/1713.5175
=24.45 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1790.813 + 0
=1790.813

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1636.222 + 0
=1636.222

Fulton Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -504.512/( (1826.112+1636.222)/ 2 )
=-1  *  -504.512/1731.167
=29.14 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1826.112 + 0
=1826.112

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1636.222 + 0
=1636.222

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Fulton Financial  (NAS:FULT) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Fulton Financial Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Fulton Financial's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Fulton Financial (Fulton Financial) Business Description

Industry
Traded in Other Exchanges
Address
One Penn Square, P.O Box 4887, Lancaster, PA, USA, 17602
Fulton Financial is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. Its services cover five distinct divisions: consumer banking, commercial banking, mortgage banking, wealth management, and other. The bank derives its revenue from non-interest income, led by its Wealth Management division.
Executives
E Philip Wenger officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Karthik Sridharan officer: Sr Executive Vice President 110 WEST FRONT STREET, RED BANK NJ 07701
Curtis J Myers officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Mark R Mccollom officer: Sr. Executive Vice President 1130 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
David M Campbell officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Meg R Mueller officer: SEVP & Chief Credit Officer C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Andrew B Fiol officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
George K Martin director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Moxley James R Iii director 10480 LITTLE PATUXENT PARKWAY, COLUMBIA MD 21044
Angela M Sargent officer: SEVP & Chief Info Office C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Steven S Etter director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Angela M Snyder officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Antoinette M Pergolin director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Natasha R. Luddington officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Daniel R Stolzer officer: Sr Executive Vice President C/O CODORUS VALLEY BANCORP INC, 105 LEADER HEIGHTS ROAD, YORK PA 17403