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
Price History & Performance
|Historical stock prices|
|Current Share Price||US$43.05|
|52 Week High||US$45.92|
|52 Week Low||US$26.42|
|1 Month Change||-3.69%|
|3 Month Change||11.79%|
|1 Year Change||57.12%|
|3 Year Change||68.23%|
|5 Year Change||60.10%|
|Change since IPO||795.65%|
Recent News & Updates
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.
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...
|FITB||US Banks||US Market|
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.
|FITB Average Weekly Movement||4.3%|
|Banks Industry Average Movement||3.8%|
|Market Average Movement||6.1%|
|10% most volatile stocks in US Market||14.8%|
|10% least volatile stocks in US Market||2.4%|
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
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
|FITB fundamental statistics|
Is FITB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FITB income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 20, 2022
|Earnings per share (EPS)||3.79|
|Net Profit Margin||31.42%|
How did FITB perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Is Fifth Third Bancorp undervalued compared to its fair value and its price relative to the market?
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).
How is Fifth Third Bancorp forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
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%).
How has Fifth Third Bancorp performed over the past 5 years?
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.
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
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%).
What is Fifth Third Bancorp current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Greg Carmichael (59 yo)
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.
Experienced Management: FITB's management team is considered experienced (2.4 years average tenure).
Experienced Board: FITB's board of directors are considered experienced (7.6 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fifth Third Bancorp's employee growth, exchange listings and data sources
- 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
- Fifth Third Bancorp
- Fifth Third Center
- 38 Fountain Square Plaza
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/03 23:54|
|End of Day Share Price||2021/12/03 00:00|
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.