Fifth Third Bancorp
Market Cap
US$29.6b
Last Updated
2021/05/06 23:20 UTC
Data Sources
Company Financials +
Executive Summary
Fifth Third Bancorp operates as a diversified financial services company in the United States. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 2.3% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Fifth Third Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FITB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FITB's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
3.0%
FITB
2.4%
US Banks
-1.7%
US Market
1 Year Return
141.9%
FITB
82.9%
US Banks
51.8%
US Market
Return vs Industry: FITB exceeded the US Banks industry which returned 83.3% over the past year.
Return vs Market: FITB exceeded the US Market which returned 52.8% over the past year.
Shareholder returns
| FITB | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 2.4% | -1.7% |
| 30 Day | 9.4% | 6.5% | 1.5% |
| 90 Day | 30.6% | 22.6% | 3.1% |
| 1 Year | 152.9%141.9% | 88.8%82.9% | 54.4%51.8% |
| 3 Year | 38.8%23.5% | 28.3%17.4% | 63.0%52.8% |
| 5 Year | 181.2%138.9% | 115.1%88.1% | 127.2%101.9% |
Long-Term Price Volatility Vs. Market
How volatile is Fifth Third Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
What Kind Of Investors Own Most Of Fifth Third Bancorp (NASDAQ:FITB)?1 month ago | Simply Wall St
Here's Why Fifth Third Bancorp's (NASDAQ:FITB) CEO Compensation Is The Least Of Shareholders' Concerns1 month ago | Simply Wall St
Fifth Third Bancorp (NASDAQ:FITB) Is Yielding 2.8% - But Is It A Buy?Valuation
Is Fifth Third Bancorp undervalued compared to its fair value and its price relative to the market?
6.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FITB ($41.92) is trading below our estimate of fair value ($44.83)
Significantly Below Fair Value: FITB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FITB is poor value based on its PE Ratio (15.3x) compared to the US Banks industry average (12.1x).
PE vs Market: FITB is good value based on its PE Ratio (15.3x) compared to the US market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: FITB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FITB is overvalued based on its PB Ratio (1.5x) compared to the US Banks industry average (1.1x).
Future Growth
How is Fifth Third Bancorp forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
-2.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FITB's earnings are forecast to decline over the next 3 years (-2.3% per year).
Earnings vs Market: FITB's earnings are forecast to decline over the next 3 years (-2.3% per year).
High Growth Earnings: FITB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FITB's revenue (2.1% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: FITB's revenue (2.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FITB's Return on Equity is forecast to be low in 3 years time (10.3%).
Past Performance
How has Fifth Third Bancorp performed over the past 5 years?
1.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FITB has high quality earnings.
Growing Profit Margin: FITB's current net profit margins (26.5%) are higher than last year (23.8%).
Past Earnings Growth Analysis
Earnings Trend: FITB's earnings have grown by 1% per year over the past 5 years.
Accelerating Growth: FITB's earnings growth over the past year (17.1%) exceeds its 5-year average (1% per year).
Earnings vs Industry: FITB earnings growth over the past year (17.1%) underperformed the Banks industry 17.2%.
Return on Equity
High ROE: FITB's Return on Equity (9.2%) is considered low.
Financial Health
How is Fifth Third Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FITB's Assets to Equity ratio (9.2x) is low.
Allowance for Bad Loans: FITB has a sufficient allowance for bad loans (289%).
Low Risk Liabilities: 88% of FITB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FITB has an appropriate level of Loans to Assets ratio (52%).
Low Risk Deposits: FITB's Loans to Deposits ratio (66%) is appropriate.
Level of Bad Loans: FITB has an appropriate level of bad loans (0.7%).
Dividend
What is Fifth Third Bancorp current dividend yield, its reliability and sustainability?
2.58%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FITB's dividend (2.58%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: FITB's dividend (2.58%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: FITB's dividends per share have been stable in the past 10 years.
Growing Dividend: FITB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.4%), FITB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FITB's dividends in 3 years are forecast to be well covered by earnings (38.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Greg Carmichael (58 yo)
5.5yrs
Tenure
US$9,766,478
Compensation
Mr. Gregory D. Carmichael, is also known as Greg, has been the Chief Executive Officer of Fifth Third Bancorp and Fifth Third Bank, National Association since November 1, 2015. Mr. Carmichael serves as an ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD9.77M) is about average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FITB's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: FITB's board of directors are considered experienced (7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FITB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Fifth Third Bancorp's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fifth Third Bancorp
- Ticker: FITB
- Exchange: NasdaqGS
- Founded: 1858
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$29.567b
- Shares outstanding: 711.60m
- Website: https://www.53.com
Number of Employees
Location
- Fifth Third Bancorp
- Fifth Third Center
- 38 Fountain Square Plaza
- Cincinnati
- Ohio
- 45263
- United States
Listings
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/06 23:20 |
| End of Day Share Price | 2021/05/06 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.