Fifth Third Bancorp
Market Cap
US$19.6b
Last Updated
2019/10/19 23:33 UTC
Data Sources
Company Financials +
Executive Summary
Fifth Third Bancorp operates as a diversified financial services company in the United States.
Snowflake
Fundamentals
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
Market Performance
7 Day Return
1.8%
FITB
2.7%
US Banks
0.4%
US Market
1 Year Return
3.8%
FITB
2.7%
US Banks
6.9%
US Market
Return vs Industry: FITB exceeded the US Banks industry which returned 2.7% over the past year.
Return vs Market: FITB underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| FITB | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | 2.7% | 0.4% |
| 30 Day | -2.2% | 0.7% | -1.1% |
| 90 Day | -2.2% | 3.0% | -0.5% |
| 1 Year | 7.6%3.8% | 5.7%2.7% | 9.3%6.9% |
| 3 Year | 39.7%28.9% | 52.1%41.6% | 45.8%36.4% |
| 5 Year | 63.6%42.9% | 69.2%50.7% | 62.9%45.1% |
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
Do Institutions Own Fifth Third Bancorp (NASDAQ:FITB) Shares?3 weeks ago | Simply Wall St
The Fifth Third Bancorp (NASDAQ:FITB) Share Price Has Gained 37% And Shareholders Are Hoping For More1 month ago | Simply Wall St
Trade Alert: Fifth Third Bancorp (NASDAQ:FITB) Insider, B. Bayh, Has Bought Some Shares RecentlyValuation
Is Fifth Third Bancorp undervalued compared to its fair value and its price relative to the market?
34.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: FITB ($27.33) is trading below our estimate of fair value ($41.85)
Significantly Undervalued: 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 (9.2x) compared to the Banks industry average (12.6x).
PE vs Market: FITB is good value based on its PE Ratio (9.2x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low 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 good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Fifth Third Bancorp forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
-4.8%
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 (-4.8% per year).
Earnings vs Market: FITB's earnings are forecast to decline over the next 3 years (-4.8% per year).
High Growth Earnings: FITB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FITB's revenue (2.2% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: FITB's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: FITB's Return on Equity is forecast to be low in 3 years time (11.7%).
Next Steps
Past Performance
How has Fifth Third Bancorp performed over the past 5 years?
11.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: FITB's earnings have grown by 11.4% 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 (-25.3%) over the past year, making it difficult to compare to the Banks industry average (29.6%).
Return on Equity
High ROE: FITB's Return on Equity (10.2%) is considered low.
Return on Assets
ROA vs Industry: FITB has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate FITB's Return on Capital Employed to determine if it has improved over the past 3 years.
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
Inventory Level: FITB has a low level of unsold assets or inventory.
Debt Coverage by Assets: FITB's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: FITB's level of assets compared to its equity is low.
Allowance for Bad Loans: FITB has a sufficient allowance for bad loans.
Low Risk Liabilities: FITB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FITB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FITB's loans are broadly funded by customer deposits.
Level of Bad Loans: FITB has an appropriate level of bad loans (0.5%)
Next Steps
Dividend
What is Fifth Third Bancorp's current dividend yield, its reliability and sustainability?
3.51%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: FITB's dividend (3.51%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: FITB's dividend (3.51%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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 (28.9%), 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 (37.2% payout ratio).
Next Steps
Management
What is the CEO of Fifth Third Bancorp's salary, the management and board of directors tenure and is there insider trading?
4.0yrs
Average management tenure
CEO
Greg Carmichael (57yo)
3.9yrs
Tenure
US$11,173,652
Compensation
Mr. Gregory D. Carmichael, is also known as Greg, has been the Chief Executive Officer of Fifth Third Bancorp and Fifth Third Bank since November 01, 2015. He is a President of Fifth Third Bancorp since Se ...
CEO Compensation Analysis
Compensation vs. Market: Greg's total compensation ($USD11.17M) is about average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Greg's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
4.0yrs
Average Tenure
55.5yo
Average Age
Experienced Management: FITB's management team is considered experienced (4 years average tenure).
Board Age and Tenure
6.5yrs
Average Tenure
66yo
Average Age
Experienced Board: FITB's board of directors are considered experienced (6.5 years average tenure).
Insider Trading
Insider Buying: FITB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 4,000 |
| Max Price | US$25.93 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,739 |
| Max Price | US$26.51 |
| Entity | Individual |
| Shares | 208.76 |
| Max Price | US$28.98 |
| Entity | Individual |
| Shares | 2,918.21 |
| Max Price | US$28.75 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Risk Officer |
| Shares | 26,000 |
| Max Price | US$26.37 |
Ownership Breakdown
Management Team
Greg Carmichael (57yo)
Chairman
- Tenure: 3.9yrs
- Compensation: US$11.17m
Tayfun Tuzun (54yo)
Executive VP & CFO
- Tenure: 6yrs
- Compensation: US$3.02m
Lars Anderson (58yo)
Executive VP & COO
- Tenure: 4.2yrs
- Compensation: US$3.90m
Susan Zaunbrecher (59yo)
Executive VP
- Tenure: 1.4yrs
Matt Jauchius (49yo)
Chief Marketing Officer & Executive VP
- Tenure: 2.6yrs
Frank Forrest (64yo)
Executive VP & Chief Risk Officer
- Tenure: 6.1yrs
- Compensation: US$2.89m
Tim Spence (40yo)
Executive VP and Head of Consumer Bank
- Tenure: 4.1yrs
- Compensation: US$3.04m
Jude Schramm (46yo)
Executive VP & Chief Information Officer
- Tenure: 1.6yrs
Rob Schipper
Head of Investment Banking & MD
- Tenure: 0yrs
Chris Doll
Director of Investor Relations
- Tenure: 0yrs
Board Members
Mike McCallister (67yo)
Independent Director
- Tenure: 7.9yrs
- Compensation: US$235.00k
Emerson Brumback (67yo)
Independent Director
- Tenure: 10yrs
- Compensation: US$255.00k
Mike Michael (64yo)
Chairman of the Cincinnati region
- Tenure: 1.6yrs
Mitch Feiger (60yo)
Chairman & CEO of Chicago Region
- Tenure: 0.6yrs
Marsha Williams (68yo)
Lead Director
- Tenure: 1.7yrs
- Compensation: US$316.67k
Gary Heminger (66yo)
Independent Director
- Tenure: 12.8yrs
- Compensation: US$265.00k
Greg Carmichael (57yo)
Chairman
- Tenure: 3.9yrs
- Compensation: US$11.17m
Nick Akins (59yo)
Independent Director
- Tenure: 6yrs
- Compensation: US$230.00k
Jewell Hoover (70yo)
Independent Director
- Tenure: 10yrs
- Compensation: US$265.00k
Tom Heiks
Executive VP & Head of Middle-Market Banking
- Tenure: 7yrs
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$19.644b
- Shares outstanding: 718.76m
- Website: https://www.53.com
Number of Employees
Location
- Fifth Third Bancorp
- 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 DEP PFD B SR A | 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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 23:33 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.