Fifth Third Bancorp
Market Cap
US$13.1b
Last Updated
2020/07/01 23:50 UTC
Data Sources
Company Financials +
Executive Summary
Fifth Third Bancorp operates as a diversified financial services company in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet 6 star 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-7.3%
FITB
-1.7%
US Banks
1.9%
US Market
1 Year Return
-34.4%
FITB
-27.6%
US Banks
4.3%
US Market
Return vs Industry: FITB underperformed the US Banks industry which returned -25.9% over the past year.
Return vs Market: FITB underperformed the US Market which returned 3.8% over the past year.
Shareholder returns
| FITB | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.3% | -1.7% | 1.9% |
| 30 Day | -7.0% | -4.3% | 2.7% |
| 90 Day | 29.1% | 11.3% | 26.4% |
| 1 Year | -31.2%-34.4% | -25.0%-27.6% | 6.5%4.3% |
| 3 Year | -23.1%-30.6% | -18.1%-24.7% | 35.1%26.2% |
| 5 Year | 5.1%-9.9% | 11.4%-2.1% | 67.0%48.4% |
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
1 week ago | Simply Wall St
Why You Might Be Interested In Fifth Third Bancorp (NASDAQ:FITB) For Its Upcoming Dividend2 weeks ago | Simply Wall St
Should You Investigate Fifth Third Bancorp (NASDAQ:FITB) At US$22.04?5 months ago | Simply Wall St
Is Fifth Third Bancorp's (NASDAQ:FITB) P/E Ratio Really That Good?Valuation
Is Fifth Third Bancorp undervalued compared to its fair value and its price relative to the market?
0.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FITB ($18.44) is trading below our estimate of fair value ($18.51)
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 good value based on its PE Ratio (8x) compared to the Banks industry average (9.6x).
PE vs Market: FITB is good value based on its PE Ratio (8x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: FITB is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: FITB is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is Fifth Third Bancorp forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
21.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FITB's forecast earnings growth (21.7% per year) is above the savings rate (2.2%).
Earnings vs Market: FITB's earnings (21.7% per year) are forecast to grow slower than the US market (22.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FITB's revenue (0.3% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: FITB's revenue (0.3% 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 (7.8%).
Next Steps
Past Performance
How has Fifth Third Bancorp performed over the past 5 years?
9.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FITB has high quality earnings.
Growing Profit Margin: FITB's current net profit margins (23.8%) are lower than last year (31%).
Past Earnings Growth Analysis
Earnings Trend: FITB's earnings have grown by 9.8% 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 (-22.8%) over the past year, making it difficult to compare to the Banks industry average (1.9%).
Return on Equity
High ROE: FITB's Return on Equity (8.2%) is considered low.
Next Steps
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 (8.5x) is low.
Allowance for Bad Loans: FITB has a sufficient allowance for bad loans (362%).
Low Risk Liabilities: 83% 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 (62%).
Low Risk Deposits: FITB's Loans to Deposits ratio (86%) is appropriate.
Level of Bad Loans: FITB has an appropriate level of bad loans (0.5%).
Next Steps
Dividend
What is Fifth Third Bancorp current dividend yield, its reliability and sustainability?
5.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FITB's dividend (5.86%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: FITB's dividend (5.86%) is in the top 25% of dividend payers in the US market (4.4%)
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 (42.8%), 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 (49.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
Greg Carmichael (58yo)
4.67yrs
Tenure
US$8,999,237
Compensation
Mr. Gregory D. Carmichael, is also known as Greg, has been the Chief Executive Officer of Fifth Third Bancorp and Fifth Third Bank, National Association ("Bank") since November 01, 2015. Mr. Carmichael ser ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD9.00M) is about average for companies of similar size in the US market ($USD11.50M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 4.67yrs | US$9.00m | 0.091% $12.0m | |
| Executive VP & CFO | 6.75yrs | US$2.80m | 0.025% $3.2m | |
| Executive VP & Special Advisor to the Chief Executive Officer | no data | US$2.50m | 0.0071% $933.1k | |
| Executive VP & Vice Chairman of Commercial Banking Strategic Growth Initiatives | no data | US$3.31m | 0.017% $2.2m | |
| Executive VP and Head of Consumer Bank | 4.83yrs | US$2.61m | 0.023% $3.0m | |
| Head of Investment Banking & MD | no data | no data | no data | |
| Executive VP & Chief Information Officer | 2.33yrs | no data | 0.0036% $469.8k | |
| Director of Investor Relations | no data | no data | no data | |
| Executive VP | 2.17yrs | no data | 0.0025% $322.9k | |
| Chief Marketing Officer & Executive VP | 3.33yrs | no data | no data |
4.0yrs
Average Tenure
56.5yo
Average Age
Experienced Management: FITB's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 4.67yrs | US$9.00m | 0.091% $12.0m | |
| Independent Director | 8.67yrs | US$235.00k | 0.0030% $396.3k | |
| Independent Director | 10.75yrs | US$255.00k | 0.0042% $548.6k | |
| Chairman of the Cincinnati region | 2.33yrs | no data | no data | |
| Director | 1.33yrs | no data | 0.082% $10.8m | |
| Lead Independent Director | 2.42yrs | US$300.00k | 0.0045% $594.5k | |
| Independent Director | 13.58yrs | US$265.00k | 0.0056% $733.6k | |
| Independent Director | 6.75yrs | US$230.00k | no data | |
| Independent Director | 10.75yrs | US$265.00k | 0.0030% $391.1k | |
| Independent Director | 3.83yrs | US$220.00k | no data |
5.3yrs
Average Tenure
66yo
Average Age
Experienced Board: FITB's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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$13.124b
- Shares outstanding: 711.91m
- 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) | PERP JR H NT5.1% | 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 SHS PDF K | US | USD | Sep 2019 |
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; 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; wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. As of April 14, 2020, the company operated 1,149 full-service banking centers and 2,481 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/01 23:50 |
| End of Day Share Price | 2020/07/01 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.