XML 77 R48.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Condensed Financial Information - Parent Company Only (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information Parent Only | CONDENSED BALANCE SHEETS
| December 31,
| 2021 |  | 2020
| (in thousands)
ASSETS |  |  |
Cash and cash equivalents | $ | 352,715 |  |  | $ | 10,063 |
Other assets | 25,888 |  |  | 28,940 |
Receivable from subsidiaries | 50,822 |  |  | 53,438 |
Investments in: |  |  |
Bank subsidiary | 2,872,274 |  |  | 3,045,529 |
Non-bank subsidiaries | 188,171 |  |  | 313,003 |
Total Assets | $ | 3,489,870 |  |  | $ | 3,450,973 |
LIABILITIES AND EQUITY |  |  |
Long-term borrowings | $ | 620,406 |  |  | $ | 759,782 |
Payable to non-bank subsidiaries | 78,793 |  |  | — |
Other liabilities | 77,991 |  |  | 74,363 |
Total Liabilities | 777,190 |  |  | 834,145 |
Shareholders’ equity | 2,712,680 |  |  | 2,616,828 |
Total Liabilities and Shareholders’ Equity | $ | 3,489,870 |  |  | $ | 3,450,973 |
CONDENSED STATEMENTS OF INCOME
| 2021 |  | 2020 |  | 2019
| (in thousands)
Income: |  |  |  |  |
Dividends from subsidiaries | $ | 469,339 |  |  | $ | 161,000 |  |  | $ | 209,000 |
Other (1) | 258 |  |  | 100 |  |  | 191,978 |
| 469,597 |  |  | 161,100 |  |  | 400,978 |
Expenses | 58,527 |  |  | 48,634 |  |  | 218,837 |
Income before income taxes and equity in undistributed net income of subsidiaries | 411,070 |  |  | 112,466 |  |  | 182,141 |
Income tax benefit | (12,516) |  |  | (9,679) |  |  | (5,798) |
| 423,586 |  |  | 122,145 |  |  | 187,939 |
Equity in undistributed net income (loss) of: |  |  |  |  |
Bank subsidiary | (133,157) |  |  | 162,037 |  |  | 44,926 |
Non-bank subsidiaries | (14,932) |  |  | (106,142) |  |  | (6,526) |
Net Income | 275,497 |  |  | 178,040 |  |  | 226,339 |
Preferred stock dividends | (10,277) |  |  | (2,135) |  |  | — |
Net Income Available to Common Shareholders | $ | 265,220 |  |  | $ | 175,905 |  |  | $ | 226,339 |
(1) Consists primarily of management fees received from subsidiary banks in 2019 and 2018. CONDENSED STATEMENTS OF CASH FLOWS
| 2021 |  | 2020 |  | 2019
| (in thousands)
Cash Flows From Operating Activities: |  |  |  |  |
Net Income | $ | 275,497 |  |  | $ | 178,040 |  |  | $ | 226,339 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Amortization of issuance costs and discount of long-term debt | 1,846 |  |  | 1,128 |  |  | 842 |
Stock-based compensation | 8,402 |  |  | 7,529 |  |  | 7,413 |
(Increase) decrease in other assets | 119,822 |  |  | (307,976) |  |  | (20,449) |
Equity in undistributed net income of subsidiaries | 148,091 |  |  | (55,895) |  |  | (38,400) |
Write-off of unamortized costs on trust preferred securities | 12,390 |  |  | — |  |  | — |
(Decrease) increase in other liabilities and payable to non-bank subsidiaries | 78,716 |  |  | (244,598) |  |  | 1,580 |
Total adjustments | 369,267 |  |  | (599,812) |  |  | (49,014) |
Net cash provided by operating activities | 644,764 |  |  | (421,772) |  |  | 177,325 |
Cash Flows From Investing Activities | — |  |  | — |  |  | — |
Cash Flows From Financing Activities: |  |  |  |  |
Repayments of long-term borrowings | (153,612) |  |  | (19,453) |  |  | — |
Additions to long-term borrowings | — |  |  | 370,898 |  |  | — |
Net proceeds from issuance of preferred stock | — |  |  | 192,878 |  |  | — |
Net proceeds from issuance of common stock | 7,437 |  |  | 7,375 |  |  | 6,362 |
Dividends paid | (112,028) |  |  | (90,956) |  |  | (92,330) |
Acquisition of treasury stock | (43,909) |  |  | (39,748) |  |  | (111,457) |
Net cash used in financing activities | (302,112) |  |  | 420,994 |  |  | (197,425) |
Net (Decrease) Increase in Cash and Cash Equivalents | 342,652 |  |  | (778) |  |  | (20,100) |
Cash and Cash Equivalents at Beginning of Year | 10,063 |  |  | 10,841 |  |  | 30,941 |
Cash and Cash Equivalents at End of Year | $ | 352,715 |  |  | $ | 10,063 |  |  | $ | 10,841 |

X
- Definition Condensed Financial Information Parent Only [Table Text Block] + References No definition available. + Details
Name: | fult_CondensedFinancialInformationParentOnlyTableTextBlock
Namespace Prefix: | fult_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration