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Should You Worry About Fulton Financial Corporation's (NASDAQ:FULT) CEO Pay Cheque?

Simply Wall St

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Phil Wenger has been the CEO of Fulton Financial Corporation (NASDAQ:FULT) since 2013. First, this article will compare CEO compensation with compensation at similar sized companies. Then we'll look at a snap shot of the business growth. And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. The aim of all this is to consider the appropriateness of CEO pay levels.

Check out our latest analysis for Fulton Financial

How Does Phil Wenger's Compensation Compare With Similar Sized Companies?

Our data indicates that Fulton Financial Corporation is worth US$2.9b, and total annual CEO compensation is US$2.8m. (This figure is for the year to December 2018). That's less than last year. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$1.0m. As part of our analysis we looked at companies in the same jurisdiction, with market capitalizations of US$2.0b to US$6.4b. The median total CEO compensation was US$5.1m.

This would give shareholders a good impression of the company, since most similar size companies have to pay more, leaving less for shareholders. While this is a good thing, you'll need to understand the business better before you can form an opinion.

The graphic below shows how CEO compensation at Fulton Financial has changed from year to year.

NasdaqGS:FULT CEO Compensation, May 9th 2019

Is Fulton Financial Corporation Growing?

Over the last three years Fulton Financial Corporation has grown its earnings per share (EPS) by an average of 10% per year (using a line of best fit). Its revenue is up 3.0% over last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's nice to see a little revenue growth, as this is consistent with healthy business conditions. It could be important to check this free visual depiction of what analysts expect for the future.

Has Fulton Financial Corporation Been A Good Investment?

Boasting a total shareholder return of 39% over three years, Fulton Financial Corporation has done well by shareholders. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

In Summary...

It appears that Fulton Financial Corporation remunerates its CEO below most similar sized companies. Considering the underlying business is growing earnings, this would suggest the pay is modest. The pleasing shareholder returns are the cherry on top; you might even consider that Phil Wenger deserves a raise!

It's not often we see shareholders do so well, and yet the CEO is paid modestly. The cherry on top would be if company insiders are buying shares with their own money. Shareholders may want to check for free if Fulton Financial insiders are buying or selling shares.

If you want to buy a stock that is better than Fulton Financial, this free list of high return, low debt companies is a great place to look.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.