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FITB

Fifth Third BancorpNasdaqGS:FITB Stock Report

Market Cap

US$29.4b

7D

1.3%

1Y

57.1%

Updated

03 Dec, 2021

Data

Company Financials +
FITB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

FITB Stock Overview

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution.

Fifth Third Bancorp Competitors

SVB Financial Group

NasdaqGS:SIVB

US$39.6b

First Republic Bank

NYSE:FRC

US$37.0b

Regions Financial

NYSE:RF

US$20.9b

Citizens Financial Group

NYSE:CFG

US$19.8b

Price History & Performance

Summary of all time highs, changes and price drops for Fifth Third Bancorp
Historical stock prices
Current Share PriceUS$43.05
52 Week HighUS$45.92
52 Week LowUS$26.42
Beta1.48
1 Month Change-3.69%
3 Month Change11.79%
1 Year Change57.12%
3 Year Change68.23%
5 Year Change60.10%
Change since IPO795.65%

Recent News & Updates

Oct 24

Fifth Third Bancorp: Improving Core Operations Creates An Interesting Opportunity

While period end loan balances were a little softer than expected, pent up loan demand should improve growth over the next few quarters. Recent margin compression trends look likely to continue, albeit at a slower pace. Improving revenue generation and strong expense management trends are likely to produce stronger core operating leverage.

Sep 17
Fifth Third Bancorp (NASDAQ:FITB) Is Increasing Its Dividend To US$0.30

Fifth Third Bancorp (NASDAQ:FITB) Is Increasing Its Dividend To US$0.30

Fifth Third Bancorp ( NASDAQ:FITB ) has announced that it will be increasing its dividend on the 15th of October to...

Shareholder Returns

FITBUS BanksUS Market
7D1.3%-2.8%-2.7%
1Y57.1%35.5%16.6%

Return vs Industry: FITB exceeded the US Banks industry which returned 40.8% over the past year.

Return vs Market: FITB exceeded the US Market which returned 19.4% over the past year.

Price Volatility

Is FITB's price volatile compared to industry and market?
FITB volatility
FITB Average Weekly Movement4.3%
Banks Industry Average Movement3.8%
Market Average Movement6.1%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: FITB is not significantly more volatile than the rest 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.

About the Company

FoundedEmployeesCEOWebsite
n/a19,171Greg Carmichaelhttps://www.53.com

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of September 30, 2021, the Company had $208 billion in assets and operates 1,100 full-service Banking Centers, and 2,336 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 52,000 fee-free ATMs across the United States.

Fifth Third Bancorp Fundamentals Summary

How do Fifth Third Bancorp's earnings and revenue compare to its market cap?
FITB fundamental statistics
Market CapUS$29.44b
Earnings (TTM)US$2.59b
Revenue (TTM)US$8.25b

11.4x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FITB income statement (TTM)
RevenueUS$8.25b
Cost of RevenueUS$0
Gross ProfitUS$8.25b
ExpensesUS$5.66b
EarningsUS$2.59b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 20, 2022

Earnings per share (EPS)3.79
Gross Margin100.00%
Net Profit Margin31.42%
Debt/Equity Ratio67.8%

How did FITB perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

30%

Payout Ratio

Valuation

Is Fifth Third Bancorp undervalued compared to its fair value and its price relative to the market?

20.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FITB ($43.05) is trading below our estimate of fair value ($53.85)

Significantly Below Fair Value: FITB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FITB is poor value based on its PE Ratio (11.4x) compared to the US Banks industry average (10.8x).

PE vs Market: FITB is good value based on its PE Ratio (11.4x) compared to the US market (16.9x).


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 (1.4x) 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 13 analysts?

-3.6%

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 (-3.6% per year).

Earnings vs Market: FITB's earnings are forecast to decline over the next 3 years (-3.6% per year).

High Growth Earnings: FITB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FITB's revenue (3.2% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: FITB's revenue (3.2% 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 (10.7%).


Past Performance

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

2.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FITB has high quality earnings.

Growing Profit Margin: FITB's current net profit margins (31.4%) are higher than last year (21.7%).


Past Earnings Growth Analysis

Earnings Trend: FITB's earnings have grown by 2.6% per year over the past 5 years.

Accelerating Growth: FITB's earnings growth over the past year (79.2%) exceeds its 5-year average (2.6% per year).

Earnings vs Industry: FITB earnings growth over the past year (79.2%) exceeded the Banks industry 43.1%.


Return on Equity

High ROE: FITB's Return on Equity (12%) 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 (369%).

Low Risk Liabilities: 89% 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 (51%).

Low Risk Deposits: FITB's Loans to Deposits ratio (64%) is appropriate.

Level of Bad Loans: FITB has an appropriate level of bad loans (0.5%).


Dividend

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

2.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FITB's dividend (2.79%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: FITB's dividend (2.79%) is low compared to the top 25% of dividend payers in the US market (3.61%).


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 (30.4%), 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 (38.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Greg Carmichael (59 yo)

6.08yrs

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 ($USD9.77M) is about average for companies of similar size in the US market ($USD11.16M).

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 considered experienced (2.4 years average tenure).


Board Members

Experienced Board: FITB's board of directors are considered experienced (7.6 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 employee growth, exchange listings and data sources


Key Information

  • Name: Fifth Third Bancorp
  • Ticker: FITB
  • Exchange: NasdaqGS
  • Founded: NaN
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$29.436b
  • Shares outstanding: 683.76m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/03 23:54
End of Day Share Price2021/12/03 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.