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Fifth Third Bancorp

LSE:0IM1
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0IM1
LSE
$21B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Fifth Third Bancorp operates as a diversified financial services company in the United States. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
0IM1 Share Price and Events
7 Day Returns
0%
LSE:0IM1
1%
GB Banks
0.6%
GB Market
1 Year Returns
-14.8%
LSE:0IM1
-8.7%
GB Banks
1.1%
GB Market
0IM1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fifth Third Bancorp (0IM1) 0% -4% 1.1% -14.8% - -
GB Banks 1% 5.4% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0IM1 underperformed the Banks industry which returned -8.7% over the past year.
  • 0IM1 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0IM1
Industry
5yr Volatility vs Market

Value

 Is Fifth Third Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fifth Third Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fifth Third Bancorp.

LSE:0IM1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 14 analysts.
= Stable Book Value * Return on Equity
= $26.95 * 11.8%
$3.17
Book Value of Equity per Share Weighted future Book Value estimates from 12 analysts. $26.95
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0IM1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (83.93%))
0.991
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.991 * 5.96%)
7.13%

Discounted Cash Flow Calculation for LSE:0IM1 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Fifth Third Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0IM1 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.8% – 7.13%) * $26.95)
$1.25
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.25 / (7.13% - 1.23%)
$21.16
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $26.95 + $21.16
$48.11
LSE:0IM1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0IM1 represents 0.97137x of NasdaqGS:FITB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97137x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 48.11 x 0.97137
$46.73
Value per share (USD) From above. $46.73
Current discount Discount to share price of $26.71
= -1 x ($26.71 - $46.73) / $46.73
42.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fifth Third Bancorp is available for.
Intrinsic value
43%
Share price is $26.71 vs Future cash flow value of $46.73
Current Discount Checks
For Fifth Third Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fifth Third Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fifth Third Bancorp's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fifth Third Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fifth Third Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0IM1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $3.11
NasdaqGS:FITB Share Price ** NasdaqGS (2019-04-05) in USD $27.5
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fifth Third Bancorp.

LSE:0IM1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:FITB Share Price ÷ EPS (both in USD)

= 27.5 ÷ 3.11

8.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fifth Third Bancorp is good value based on earnings compared to the GB Banks industry average.
  • Fifth Third Bancorp is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Fifth Third Bancorp's expected growth come at a high price?
Raw Data
LSE:0IM1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
1.5%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0IM1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.84x ÷ 1.5%

5.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fifth Third Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fifth Third Bancorp's assets?
Raw Data
LSE:0IM1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $23.07
NasdaqGS:FITB Share Price * NasdaqGS (2019-04-05) in USD $27.5
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0IM1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:FITB Share Price ÷ Book Value per Share (both in USD)

= 27.5 ÷ 23.07

1.19x

* Primary Listing of Fifth Third Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fifth Third Bancorp is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess Fifth Third Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Fifth Third Bancorp has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Fifth Third Bancorp expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fifth Third Bancorp expected to grow at an attractive rate?
  • Fifth Third Bancorp's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Fifth Third Bancorp's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Fifth Third Bancorp's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0IM1 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0IM1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 1.5%
LSE:0IM1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 5.5%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0IM1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0IM1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 7,813 2,269 3
2020-12-31 7,757 2,128 15
2019-12-31 7,462 1,910 12
LSE:0IM1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 6,742 2,856 2,095
2018-09-30 6,426 2,193 2,132
2018-06-30 7,360 2,145 2,707
2018-03-31 7,067 1,229 2,491
2017-12-31 6,806 1,480 2,082
2017-09-30 6,526 2,142 1,983
2017-06-30 5,464 2,054 1,491
2017-03-31 5,460 2,249 1,452
2016-12-31 5,708 2,091 1,457
2016-09-30 6,077 2,101 1,734
2016-06-30 6,216 2,170 1,600
2016-03-31 6,144 2,310 1,587

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fifth Third Bancorp's earnings are expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
  • Fifth Third Bancorp's revenue is expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0IM1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Fifth Third Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0IM1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.35 3.40 3.30 2.00
2020-12-31 3.05 3.20 2.85 16.00
2019-12-31 2.61 2.88 2.36 9.00
LSE:0IM1 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 3.11
2018-09-30 3.11
2018-06-30 3.87
2018-03-31 3.49
2017-12-31 2.86
2017-09-30 2.68
2017-06-30 2.00
2017-03-31 1.93
2016-12-31 1.92
2016-09-30 2.26
2016-06-30 2.06
2016-03-31 2.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fifth Third Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fifth Third Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fifth Third Bancorp has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Fifth Third Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fifth Third Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fifth Third Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • Fifth Third Bancorp's 1-year earnings growth is less than its 5-year average (0.6% vs 9.5%)
  • Fifth Third Bancorp's earnings growth has not exceeded the GB Banks industry average in the past year (0.6% vs 42.2%).
Earnings and Revenue History
Fifth Third Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fifth Third Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0IM1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,742.00 2,095.00 3,038.00
2018-09-30 6,426.00 2,132.00 3,009.00
2018-06-30 7,360.00 2,707.00 2,980.00
2018-03-31 7,067.00 2,491.00 2,901.00
2017-12-31 6,806.00 2,082.00 2,847.00
2017-09-30 6,526.00 1,983.00 2,810.00
2017-06-30 5,464.00 1,491.00 2,796.00
2017-03-31 5,460.00 1,452.00 2,810.00
2016-12-31 5,708.00 1,457.00 2,792.00
2016-09-30 6,077.00 1,734.00 2,788.00
2016-06-30 6,216.00 1,600.00 2,767.00
2016-03-31 6,144.00 1,587.00 2,737.00
2015-12-31 6,136.00 1,622.00 2,701.00
2015-09-30 5,755.00 1,352.00 2,671.00
2015-06-30 5,553.00 1,315.00 2,635.00
2015-03-31 5,793.00 1,439.00 2,608.00
2014-12-31 5,687.00 1,402.00 2,594.00
2014-09-30 5,722.00 1,424.00 2,609.00
2014-06-30 5,959.00 1,517.00 2,647.00
2014-03-31 6,117.00 1,681.00 2,689.00
2013-12-31 6,265.00 1,785.00 2,734.00
2013-09-30 6,402.00 1,791.00 2,781.00
2013-06-30 6,426.00 1,725.00 2,787.00
2013-03-31 6,286.00 1,522.00 2,768.00
2012-12-31 6,325.00 1,531.00 2,757.00
2012-09-30 6,101.00 1,448.00 2,750.00
2012-06-30 6,203.00 1,466.00 2,689.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fifth Third Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fifth Third Bancorp used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Fifth Third Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Fifth Third Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fifth Third Bancorp has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Fifth Third Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Fifth Third Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fifth Third Bancorp Company Filings, last reported 3 months ago.

LSE:0IM1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 16,250.00 17,798.00 2,582.00
2018-09-30 15,850.00 18,803.00 3,353.00
2018-06-30 16,252.00 17,540.00 3,277.00
2018-03-31 16,204.00 17,087.00 3,474.00
2017-12-31 16,220.00 19,692.00 2,534.00
2017-09-30 16,380.00 20,344.00 3,790.00
2017-06-30 16,446.00 19,453.00 3,825.00
2017-03-31 16,457.00 16,317.00 3,740.00
2016-12-31 16,232.00 18,721.00 2,424.00
2016-09-30 16,804.00 21,302.00 4,485.00
2016-06-30 16,754.00 21,297.00 4,939.00
2016-03-31 16,355.00 19,929.00 4,829.00
2015-12-31 15,870.00 18,406.00 2,878.00
2015-09-30 15,858.00 21,708.00 5,381.00
2015-06-30 15,638.00 18,784.00 5,266.00
2015-03-31 15,904.00 16,919.00 5,805.00
2014-12-31 15,665.00 17,710.00 3,731.00
2014-09-30 15,443.00 17,891.00 5,046.00
2014-06-30 15,508.00 17,888.00 5,238.00
2014-03-31 14,864.00 14,841.00 4,954.00
2013-12-31 14,626.00 12,051.00 3,474.00
2013-09-30 14,680.00 12,617.00 4,719.00
2013-06-30 14,277.00 10,559.00 4,427.00
2013-03-31 13,920.00 12,011.00 4,252.00
2012-12-31 13,764.00 15,181.00 3,120.00
2012-09-30 13,769.00 15,388.00 4,931.00
2012-06-30 13,824.00 16,035.00 4,900.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Fifth Third Bancorp has an acceptable proportion of non-loan assets held.
  • Fifth Third Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Fifth Third Bancorp are broadly funded by customer deposits.
  • Fifth Third Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Fifth Third Bancorp has a sufficient allowance for bad loans.
  • Fifth Third Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Fifth Third Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fifth Third Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Fifth Third Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.2%
Current annual income from Fifth Third Bancorp dividends. Estimated to be 3.79% next year.
If you bought $2,000 of Fifth Third Bancorp shares you are expected to receive $64 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Fifth Third Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Fifth Third Bancorp's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0IM1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0IM1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.17 5.00
2020-12-31 1.10 20.00
2019-12-31 0.96 22.00
LSE:0IM1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.880 3.284
2018-12-18 0.880 3.412
2018-09-19 0.720 2.670
2018-06-19 0.720 2.443
2018-02-27 0.640 1.982
2017-12-19 0.640 1.995
2017-09-19 0.640 2.227
2017-06-20 0.560 2.135
2017-02-28 0.560 2.229
2016-12-20 0.560 2.080
2016-09-20 0.520 2.276
2016-06-21 0.520 2.756
2016-03-15 0.520 2.923
2015-12-15 0.520 3.083
2015-09-15 0.520 2.656
2015-06-16 0.520 2.517
2015-03-17 0.520 2.615
2014-12-16 0.520 2.734
2014-09-16 0.520 2.617
2014-06-17 0.520 2.518
2014-05-08 0.520 2.498
2014-04-17 0.520 2.514
2014-03-18 0.480 2.126
2013-12-17 0.480 2.242
2013-09-18 0.480 2.502
2013-06-18 0.480 2.559
2013-03-19 0.440 2.559
2012-12-18 0.400 2.514
2012-09-18 0.400 2.693
2012-06-19 0.320 2.269
2012-03-21 0.320 2.332
2011-12-20 0.320 2.377
2011-09-20 0.320 2.806
2011-06-21 0.240 2.156
2011-03-22 0.240 1.839
2010-12-21 0.040 0.275
2010-09-21 0.040 0.315
2010-06-15 0.040 0.322
2010-03-16 0.040 0.291
2009-12-15 0.040 0.348
2009-09-15 0.040 0.405
2009-06-17 0.040 0.471
2009-04-22 0.040 0.674

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Fifth Third Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Fifth Third Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fifth Third Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fifth Third Bancorp has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Fifth Third Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Carmichael
COMPENSATION $11,173,652
AGE 56
TENURE AS CEO 3.4 years
CEO Bio

Mr. Gregory D. Carmichael, is also known as Greg, has been the Chief Executive Officer of Fifth Third Bancorp and Fifth Third Bank since November 01, 2015. He is a President of Fifth Third Bancorp since September 18, 2012. Mr. Carmichael has been the President of Fifth Third Financial Corporation and Fifth Third Bank since September 21, 2012. He served as the Chief Operating Officer at Fifth Third Financial Corporation since July 2006 until August 2015. He served as the Chief Executive Officer of Fifth Third Bank (North Carolina), an Affiliate of Fifth Third Bancorp since November 2011 and served as Chief Operating Officer of Fifth Third Bank (North Carolina). He served as the Chief Information Officer at Fifth Third Bancorp from June 2003 to June 2006 and as its Executive Vice President from June 2006 to September 21, 2012. He served as the Chief Information Officer of Fifth Third Bank. He served as the Chief Information Officer and Vice President of Emerson Electric Co. He served as an Executive Vice President of Operations & Information Technology at Fifth Third Bancorp. since 2004. He is the Chairman of Fifth Third Bancorp since February 1, 2018.He has been the Chairman of Fifth Third Financial Corporation since February 2018. He has been a Director of Vantiv Holding since June 2009. Mr. Carmichael has been a Director of Fifth Third Bancorp and Fifth Third Bank since July 08, 2015. He served as a Director of Vantiv, Inc. from March 21, 2012 to June 9, 2015. Mr. Carmichael holds B.A. from the University of Dayton and an M.S. from Central Michigan University.

CEO Compensation
  • Greg's compensation has increased by more than 20% in the past year.
  • Greg's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Fifth Third Bancorp management team in years:

3.6
Average Tenure
54.5
Average Age
  • The tenure for the Fifth Third Bancorp management team is about average.
Management Team

Greg Carmichael

TITLE
Chairman
COMPENSATION
$11M
AGE
56
TENURE
3.4 yrs

Tayfun Tuzun

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
53
TENURE
5.5 yrs

Lars Anderson

TITLE
Executive VP & COO
COMPENSATION
$4M
AGE
57
TENURE
3.7 yrs

Teresa Tanner

TITLE
Executive VP & Chief Administrative Officer
COMPENSATION
$4M
AGE
49
TENURE
3.6 yrs

Frank Forrest

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
$3M
AGE
63
TENURE
5.6 yrs

Tim Spence

TITLE
Executive VP and Head of Consumer Bank
COMPENSATION
$3M
AGE
39
TENURE
3.6 yrs

Rob Schipper

TITLE
Head of Investment Banking & MD

Jude Schramm

TITLE
Executive VP & Chief Information Officer
AGE
45
TENURE
1.1 yrs

Chris Doll

TITLE
Director of Investor Relations

Susan Zaunbrecher

TITLE
Executive VP
AGE
58
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Fifth Third Bancorp board of directors in years:

6
Average Tenure
65
Average Age
  • The tenure for the Fifth Third Bancorp board of directors is about average.
Board of Directors

Greg Carmichael

TITLE
Chairman
COMPENSATION
$11M
AGE
56
TENURE
1.2 yrs

Tom Heiks

TITLE
Executive VP & Head of Middle-Market Banking
TENURE
6.5 yrs

Mike Michael

TITLE
Chairman of the Cincinnati region
AGE
63
TENURE
1.1 yrs

Mitch Feiger

TITLE
Chairman & CEO of Chicago Region
AGE
59
TENURE
0.1 yrs

Gary Heminger

TITLE
Director
COMPENSATION
$265K
AGE
65
TENURE
12.3 yrs

Jewell Hoover

TITLE
Director
COMPENSATION
$265K
AGE
69
TENURE
9.5 yrs

Emerson Brumback

TITLE
Director
COMPENSATION
$255K
AGE
66
TENURE
9.5 yrs

Mike McCallister

TITLE
Director
COMPENSATION
$235K
AGE
66
TENURE
7.4 yrs

Nick Akins

TITLE
Director
COMPENSATION
$230K
AGE
58
TENURE
5.5 yrs

Marsha Williams

TITLE
Lead Director
COMPENSATION
$317K
AGE
67
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • Fifth Third Bancorp insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Mar 19 Sell Frank Forrest Individual 08. Mar 19 08. Mar 19 -26,000 $26.37 $-685,620
X
Management checks
We assess Fifth Third Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fifth Third Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company’s Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Branch Banking segment provides a range of deposit and loan products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services for small businesses. The company’s Consumer Lending segment engages in direct lending activities that include origination, retention, and servicing of residential mortgage and home equity loans or lines of credit; and indirect lending activities, including loans to consumers through correspondent lenders and automobile dealers. Fifth Third Bancorp’s Wealth & Asset Management segment provides various investment alternatives for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides asset management services; holistic strategies to affluent clients in wealth planning, investing, insurance, and wealth protection; and advisory services for institutional clients comprising states and municipalities. As of December 31, 2018, the company operated 1,121 full-service banking centers and 2,419 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.

Details
Name: Fifth Third Bancorp
0IM1
Exchange: LSE
Founded: 1858
$21,205,525,000
771,110,000
Website: http://www.53.com
Address: Fifth Third Bancorp
38 Fountain Square Plaza,
Cincinnati,
Ohio, 45263,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FITB Common Shares Nasdaq Global Select US USD 02. Jan 1980
DB FFH Common Shares Deutsche Boerse AG DE EUR 02. Jan 1980
LSE 0IM1 Common Shares London Stock Exchange GB USD 02. Jan 1980
NasdaqGS FITB.I DEP 1/1000 PFD Nasdaq Global Select US USD 06. Dec 2013
DB A1HK3Y 5.1%-FRN JNR PERP USD 'H' Deutsche Boerse AG DE USD 14. May 2013
Number of employees
Current staff
Staff numbers
17,437
Fifth Third Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 22:06
End of day share price update: 2019/04/05 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.