Short-term fertilization may provide limited improvements in tree growth and demonstrate suboptimal fertilizer efficiency; however, its benefits often fall short of expectations. Unfortunately, research addressing the sustained impacts of prolonged fertilization (e.g., beyond five years) on trees’ developmental dynamics and productivity remains relatively scarce. This study focused on a 7-year-old Catalpa bungei plantation located in Jinan City, Shandong Province, China. The study employed two fertilization techniques: hole fertilization (HF) and integrated water and fertilizer application (WF), with a no-fertilization treatment serving as the control (CK). The findings revealed that the WF significantly enhanced stand productivity. When comparing the different treatments, the productivity of WF stands demonstrated a remarkable increase of 39.7% compared to HF stands and 55.1% compared to CK stands. After five years of fertilization, the stands treated with WF exhibited a significant increase in volume accumulation, reaching 112.36 m3·hm−2. Additionally, the productivity of these WF-fertilized stands achieved an impressive 41.75 m3·hm−2·a−1. Fertilization notably enhanced the nitrogen content in the leaves and fine roots of C. bungei, as well as the potassium content in the coarse roots. These nutrients were found to be more concentrated in the corresponding organs within the WF stands. Over the entire growth cycle, there was a substantial consumption of key nutrients, with leaf nitrogen, phosphorus, and potassium contents decreasing by 30.5%, 18.8%, and 47.3%, respectively. Similarly, the coarse root potassium and fine root phosphorus content decreased by 24.7% and 24.4%, respectively. The enhancement in leaf nitrogen content following fertilization significantly contributed to increases in tree height, breast height diameter (DBH), and individual tree volume. Similarly, the enrichment of potassium in the branches and coarse roots was associated with improvements in DBH and tree volume. To maximize forest stand productivity, the WF fertilization method demonstrated superior results compared to HF. Therefore, WF should be prioritized in future fertilization experiments for C. bungei.