| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
FITB Stock Overview
Fifth Third Bancorp operates as a diversified financial services company in the United States.
Fifth Third Bancorp Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$34.10 |
| 52 Week High | US$50.64 |
| 52 Week Low | US$31.18 |
| Beta | 1.26 |
| 1 Month Change | 1.28% |
| 3 Month Change | 0.53% |
| 1 Year Change | -22.04% |
| 3 Year Change | 32.92% |
| 5 Year Change | 20.67% |
| Change since IPO | 609.44% |
Recent News & Updates
Fifth Third launches mortgage warehouse finance business
Fifth Third Bancorp (NASDAQ:FITB) unit Fifth Third Bank, National Association, is launching mortgage warehouse finance business to support the needs of independent mortgage bankers. Warehouse lending is a commercial financing arrangement between banks and non-depository mortgage lenders. Under the arrangement, loans are held in a warehouse from the time of funding on the facility until they are sold. Source: Press Release
Fifth Third Bancorp raises quarterly dividend by 10%
Fifth Third Bancorp (NASDAQ:FITB) declared $0.33/share quarterly dividend, 10% increase from prior dividend of $0.30. Forward yield 3.63% Payable Oct. 17; for shareholders of record Sept. 30; ex-div Sept. 29. See FITB Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| FITB | US Banks | US Market | |
|---|---|---|---|
| 7D | 4.8% | 6.3% | 4.4% |
| 1Y | -22.0% | -21.8% | -18.2% |
Return vs Industry: FITB matched the US Banks industry which returned -21.8% over the past year.
Return vs Market: FITB underperformed the US Market which returned -18.2% over the past year.
Price Volatility
| FITB volatility | |
|---|---|
| FITB Average Weekly Movement | 4.6% |
| Banks Industry Average Movement | 3.5% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.8% |
Stable Share Price: FITB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FITB's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1858 | 19,119 | Tim Spence | https://www.53.com |
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.
Fifth Third Bancorp Fundamentals Summary
| FITB fundamental statistics | |
|---|---|
| Market Cap | US$23.40b |
| Earnings (TTM) | US$2.31b |
| Revenue (TTM) | US$7.78b |
10.1x
P/E Ratio1.4x
P/B RatioIs FITB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FITB income statement (TTM) | |
|---|---|
| Revenue | US$7.78b |
| Cost of Revenue | US$0 |
| Gross Profit | US$7.78b |
| Other Expenses | US$5.47b |
| Earnings | US$2.31b |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 20, 2022
| Earnings per share (EPS) | 3.36 |
| Gross Margin | 100.00% |
| Net Profit Margin | 29.66% |
| Debt/Equity Ratio | 121.2% |
How did FITB perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield36%
Payout RatioValuation
Is FITB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FITB?
Other financial metrics that can be useful for relative valuation.
| What is FITB's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$23.40b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 1.6x |
Price to Earnings Ratio vs Peers
How does FITB's PE Ratio compare to its peers?
| FITB PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 13.6x | ||
CFG Citizens Financial Group | 10.3x | 9.7% | US$17.9b |
RF Regions Financial | 9.3x | 1.6% | US$19.8b |
HBAN Huntington Bancshares | 12x | 3.6% | US$19.8b |
MTB M&T Bank | 22.6x | 13.3% | US$32.6b |
FITB Fifth Third Bancorp | 10.1x | 6.3% | US$23.4b |
Price-To-Earnings vs Peers: FITB is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (13.6x).
Price to Earnings Ratio vs Industry
How does FITB's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: FITB is expensive based on its Price-To-Earnings Ratio (10.1x) compared to the US Banks industry average (9.7x)
Price to Earnings Ratio vs Fair Ratio
What is FITB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10.1x |
| Fair PE Ratio | 14.3x |
Price-To-Earnings vs Fair Ratio: FITB is good value based on its Price-To-Earnings Ratio (10.1x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).
Share Price vs Fair Value
What is the Fair Price of FITB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FITB ($34.1) is trading below our estimate of fair value ($77.41)
Significantly Below Fair Value: FITB is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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Future Growth
How is Fifth Third Bancorp forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
6.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FITB's forecast earnings growth (6.3% per year) is above the savings rate (1.9%).
Earnings vs Market: FITB's earnings (6.3% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: FITB's earnings are forecast to grow, but not significantly.
Revenue vs Market: FITB's revenue (5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: FITB's revenue (5% 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 (13%).
Discover growth companies
Past Performance
How has Fifth Third Bancorp performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
2.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FITB has high quality earnings.
Growing Profit Margin: FITB's current net profit margins (29.7%) are lower than last year (30.5%).
Past Earnings Growth Analysis
Earnings Trend: FITB's earnings have grown by 2.1% per year over the past 5 years.
Accelerating Growth: FITB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FITB had negative earnings growth (-6.6%) over the past year, making it difficult to compare to the Banks industry average (8.4%).
Return on Equity
High ROE: FITB's Return on Equity (12.8%) is considered low.
Discover strong past performing companies
Financial Health
How is Fifth Third Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FITB's Assets to Equity ratio (10.9x) is moderate.
Allowance for Bad Loans: FITB has a sufficient allowance for bad loans (374%).
Low Risk Liabilities: 86% 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 (56%).
Low Risk Deposits: FITB's Loans to Deposits ratio (72%) is appropriate.
Level of Bad Loans: FITB has an appropriate level of bad loans (0.5%).
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Dividend
What is Fifth Third Bancorp current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.87%
Current Dividend Yield
Dividend Yield vs Market
| Fifth Third Bancorp Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (Fifth Third Bancorp) | 3.9% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Banks) | 3.2% |
| Analyst forecast in 3 Years (Fifth Third Bancorp) | 4.0% |
Notable Dividend: FITB's dividend (3.87%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: FITB's dividend (3.87%) is low compared to the top 25% of dividend payers in the US market (4.53%).
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
Earnings Coverage: With its reasonably low payout ratio (35.9%), 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 (35.3% payout ratio).
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Tim Spence (43 yo)
0.25yr
Tenure
US$3,466,642
Compensation
Mr. Timothy N. Spence, also known as Tim, serves as the President at Fifth Third Bancorp since October 26, 2020 and serves as its Chief Executive officer since July 05, 2022 and also serves as its Director...
CEO Compensation Analysis
| Tim Spence's Compensation vs Fifth Third Bancorp Earnings |
|---|
| Date | Total Comp. | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2022 | n/a | n/a | US$2b |
| Mar 31 2022 | n/a | n/a | US$2b |
| Dec 31 2021 | US$3m | US$515k | US$3b |
| Sep 30 2021 | n/a | n/a | US$3b |
| Jun 30 2021 | n/a | n/a | US$2b |
| Mar 31 2021 | n/a | n/a | US$2b |
| Dec 31 2020 | US$3m | US$515k | US$1b |
| Sep 30 2020 | n/a | n/a | US$1b |
| Jun 30 2020 | n/a | n/a | US$1b |
| Mar 31 2020 | n/a | n/a | US$2b |
| Dec 31 2019 | US$3m | US$493k | US$2b |
| Sep 30 2019 | n/a | n/a | US$2b |
| Jun 30 2019 | n/a | n/a | US$2b |
| Mar 31 2019 | n/a | n/a | US$2b |
| Dec 31 2018 | US$3m | US$480k | US$2b |
| Sep 30 2018 | n/a | n/a | US$2b |
| Jun 30 2018 | n/a | n/a | US$3b |
| Mar 31 2018 | n/a | n/a | US$2b |
| Dec 31 2017 | US$3m | US$462k | US$2b |
| Sep 30 2017 | n/a | n/a | US$2b |
| Jun 30 2017 | n/a | n/a | US$1b |
| Mar 31 2017 | n/a | n/a | US$1b |
| Dec 31 2016 | US$3m | US$450k | US$1b |
| Sep 30 2016 | n/a | n/a | US$2b |
| Jun 30 2016 | n/a | n/a | US$2b |
| Mar 31 2016 | n/a | n/a | US$2b |
| Dec 31 2015 | US$5m | US$132k | US$2b |
Compensation vs Market: Tim's total compensation ($USD3.47M) is below average for companies of similar size in the US market ($USD13.00M).
Compensation vs Earnings: Tim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: FITB's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
Board Members
Experienced Board: FITB's board of directors are considered experienced (8.1 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
| Date | Value | Name | Entity | Role | Shares | Max Price |
|---|---|---|---|---|---|---|
| 26 Aug 22 | SellUS$307,480 | Mitchell Feiger | Individual | 8,734 | US$35.21 | |
| 02 Jun 22 | SellUS$255,060 | Kevin Lavender | Individual | 6,500 | US$39.24 | |
| 17 May 22 | SellUS$92,325 | Jude Schramm | Individual | 2,500 | US$36.93 | |
| 21 Apr 22 | SellUS$2,002,500 | Gregory Carmichael | Individual | 50,000 | US$40.05 | |
| 14 Feb 22 | SellUS$219,103 | Timothy Spence | Individual | 4,558 | US$48.07 | |
| 09 Feb 22 | SellUS$706,803 | Gregory Carmichael | Individual | 14,363 | US$49.21 | |
| 07 Feb 22 | SellUS$119,064 | Howard Hammond | Individual | 2,500 | US$47.63 | |
| 03 Nov 21 | SellUS$175,160 | Howard Hammond | Individual | 4,000 | US$43.79 | |
| 25 Oct 21 | SellUS$489,851 | Kristine Garrett | Individual | 10,740 | US$45.61 |
Ownership Breakdown
| Owner Type | Number of Shares | Ownership Percentage |
|---|---|---|
| State or Government | 297,529 | 0.04% |
| Individual Insiders | 2,798,461 | 0.4% |
| General Public | 118,018,847 | 17.2% |
| Institutions | 565,074,711 | 82.3% |
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
| Ownership | Name | Shares | Current Value | Change % | Portfolio % | |
|---|---|---|---|---|---|---|
| 84,755,080 | $2.9b | 2.11% | 0.06% | |||
| 55,290,594 | $1.9b | 1.95% | 0.04% | |||
| 49,278,272 | $1.7b | 21.77% | 0.11% | |||
| 31,018,974 | $1.1b | -7.92% | 0.06% | |||
| 28,907,169 | $985.7m | -14.5% | 0.11% | |||
| 19,194,763 | $654.5m | 30.61% | 0.18% | |||
| 17,607,001 | $600.4m | 3.6% | 0.49% | |||
| 14,366,941 | $489.9m | 7% | 0.09% | |||
| 13,970,723 | $476.4m | 2.09% | 0.06% | |||
| 13,105,855 | $446.9m | 30.44% | 0.18% | |||
| 11,945,318 | $407.3m | 6.72% | 0.1% | |||
| 10,486,105 | $357.6m | -0.66% | 0.12% | |||
| 8,675,126 | $295.8m | 8.88% | 0.1% | |||
| 8,552,289 | $291.6m | -0.52% | 0.15% | |||
| 8,300,842 | $283.1m | -1.93% | 0.07% | |||
| 7,308,974 | $249.2m | -0.32% | 0.09% | |||
| 7,114,946 | $242.6m | 0.45% | 0.05% | |||
| 6,186,107 | $210.9m | -0.89% | 0.31% | |||
| 5,618,060 | $191.6m | 0% | 0.03% | |||
| 5,588,237 | $190.6m | 0.68% | 0.72% | |||
| 5,416,354 | $184.7m | 6.49% | 0.04% | |||
| 5,303,470 | $180.8m | -7.78% | 0.36% | |||
| 5,282,392 | $180.1m | -6.83% | 0.03% | |||
| 5,227,198 | $178.2m | 5.62% | 0.13% | |||
| 5,124,123 | $174.7m | 8.26% | 0.05% |
Company Information
Fifth Third Bancorp's employee growth, exchange listings and data sources
Key Information
- Name: Fifth Third Bancorp
- Ticker: FITB
- Exchange: NasdaqGS
- Founded: 1858
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$23.399b
- Shares outstanding: 686.19m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FITB | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Jan 1980 |
| FFH | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1980 |
| 0IM1 | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 1980 |
| A1HK3Y | DB (Deutsche Boerse AG) | 5.1%-FRN JNR PERP USD 'H' | DE | USD | May 2013 | |
| FITB.I | NasdaqGS (Nasdaq Global Select) | DEP 1/1000 PFD | US | USD | Dec 2013 | |
| FFTD34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REP 1 COM NPV | BR | BRL | May 2019 | |
| FITB.P | NasdaqGS (Nasdaq Global Select) | 6% DP SH CL B SR | US | USD | Aug 2019 | |
| FITB.O | NasdaqGS (Nasdaq Global Select) | 4.95 DP SH PFD K | US | USD | Sep 2019 |
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/10/05 00:00 |
| End of Day Share Price | 2022/10/05 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
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.