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Fifth Third Bancorp Stock Research

FITB

26.46USD+1.05(+4.13%)Market Closed

Market Summary

USD26.46+1.05
Market Closed
4.13%

FITB Alerts

FITB Stock Price

FITB RSI Chart

FITB Valuation

Market Cap

18.1B

Price/Earnings (Trailing)

7.39

Price/Sales (Trailing)

2.75

EV/EBITDA

3.1

Price/Free Cashflow

2.97

FITB Price/Sales (Trailing)

FITB Profitability

EBT Margin

46.96%

Return on Equity

14.12%

Return on Assets

1.18%

Free Cashflow Yield

33.62%

FITB Fundamentals

FITB Revenue

Revenue (TTM)

6.6B

Revenue Y/Y

60.23%

Revenue Q/Q

17.9%

FITB Earnings

Earnings (TTM)

2.4B

Earnings Y/Y

11.16%

Earnings Q/Q

12.86%

Price Action

52 Week Range

22.1146.83
(Low)(High)

Last 7 days

-24.6%

Last 30 days

-32.1%

Last 90 days

-20.4%

Trailing 12 Months

-43.1%

FITB Financial Health

Debt/Equity

0.79

Debt/Cashflow

0.47

FITB Investor Care

Dividend Yield

4.76%

Dividend/Share (TTM)

1.26

Shares Dilution (1Y)

0.09%

Diluted EPS (TTM)

3.35

Peers (Alternatives to Fifth Third Bancorp)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
387.5B
-0.56% -0.91%
25.94
6.37
2.44% -5.35%
2.1T
204.1B
-1.92% -6.89%
30.5
10.08
10.38% -5.25%
1.3T
282.8B
1.63% -25.54%
21.65
4.59
9.78% -21.12%
1.0T
514.0B
-3.36% -34.72%
-376.42
1.99
9.40% -108.16%
MID-CAP
3.6B
258.4M
203.99% 176.76%
-11.9
13.75
24.91% -254.56%
2.3B
9.2B
-18.97% -49.38%
-6.41
0.25
51.67% -98.90%
SMALL-CAP
1.7B
1.7B
-22.36% -14.62%
13.72
0.97
61.79% 371.82%
1.6B
602.5M
-17.77% -52.80%
-2.74
2.63
18.18% -18.59%
1.1B
418.9M
5.51% -56.16%
-2.93
2.57
-9.85% -101.06%
991.7M
478.9M
-11.35% -65.42%
-0.32
2.07
-31.50% -634.70%
954.9M
482.4M
-16.25% -37.64%
-4.12
1.98
33.15% -170.42%
897.6M
50.8M
-34.66% -77.56%
-1.14
17.66
1229.98% -13.59%
788.4M
1.1B
-10.56% -33.33%
27.33
0.72
-5.82% -92.23%
281.8M
10.3M
-24.84% -63.38%
-1.01
27.46
478.23% 7.85%

Financials for Fifth Third Bancorp

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue13.4%6,5875,8085,3405,1995,211
EBITDA7.0%9,1388,5398,3028,183-
EBITDA Margin-5.6%1.39*1.47*1.97*1.57*-
Earnings Before Taxes2.8%3,0933,0093,0593,2463,517
EBT Margin-9.4%0.47*0.52*0.73*0.62*-
Interest Expenses7.3%5,6095,2284,9194,7884,770
Net Income3.1%2,4462,3722,4232,5702,770
Net Income Margin-9.1%0.37*0.41*0.58*0.49*-
Free Cahsflow13.2%6,0805,3724,9004,445-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.0%207,452205,463206,782211,459211,116
    Cash Equivalents13.0%3,4663,0683,4373,0492,994
  Net PPE1.5%2,1872,1552,1182,1022,120
  Goodwill-0.2%4,9154,9254,9264,5144,514
Liabilities0.7%190,125188,727187,812191,282188,906
  Long Term Debt17.1%13,71411,71210,99010,81511,821
Shareholder's Equity3.5%17,32716,73618,97020,17722,210
  Retained Earnings2.2%21,68921,21920,81820,50120,236
  Additional Paid-In Capital0.7%3,6843,6603,6363,6153,624
Accumulated Depreciation1.9%3,3183,2553,2123,210-
Shares Outstanding-0.4%683686686686683
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations12.8%6,4285,6975,2264,7572,704
  Share Based Compensation5.1%165157148144120
Cashflow From Investing27.7%-4,871-6,740-7,729-7,263-7,968
Cashflow From Financing-220.8%-1,0858982,6552,4335,111
  Dividend Payments-1.7%927943925912897
  Buy Backs-68.4%1003168661,2131,393

Risks for FITB

What is the probability of a big loss on FITB?

63.1%


Probability that Fifth Third Bancorp stock will be more than 20% underwater in next one year

43.1%


Probability that Fifth Third Bancorp stock will be more than 30% underwater in next one year.

20%


Probability that Fifth Third Bancorp stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FITB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Fifth Third Bancorp was unfortunately bought at previous high price.

Drawdowns

Returns for FITB

Cumulative Returns on FITB

7.4%


10-Year Cumulative Returns

9.4%


7-Year Cumulative Returns

-2.3%


5-Year Cumulative Returns

17.0%


3-Year Cumulative Returns

What are the long-term rolling returns for FITB?

FIve years rolling returns for Fifth Third Bancorp.

Annualized Returns

Which funds bought or sold FITB recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
28.52
244,962
988,962
0.03%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-3.07
-214,782
43,172,200
0.05%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-4.14
7,187
336,187
0.03%
2023-03-06
Rockefeller Capital Management L.P.
added
2.35
1,204,000
24,949,000
0.12%
2023-03-03
TIAA, FSB
reduced
-11.86
-49,047
468,953
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-50.00
-6,438
6,562
-%
2023-03-01
Regal Investment Advisors LLC
added
1.24
8,335
212,335
0.02%
2023-03-01
Lakewood Asset Management LLC
new
-
443,000
443,000
0.36%
2023-03-01
WHITENER CAPITAL MANAGEMENT, INC.
reduced
-7.76
-14,700
263,300
0.12%
2023-02-28
Voya Investment Management LLC
added
2.02
359,853
7,958,850
0.01%

1–10 of 46

Latest Funds Activity

Are funds buying FITB calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own FITB
No. of Funds

Fifth Third Bancorp News

Nasdaq

Fifth Third Bancorp (FITB) Declares $0.33 Dividend.

Nasdaq,
10 hours ago

Hellenic Shipping News Worldwide

Investor's Business Daily

Business Wire

Yahoo Finance

Yahoo Finance

Schedule 13G FIlings of Fifth Third Bancorp

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
5.5%
37,477,138
SC 13G/A
Feb 09, 2023
vanguard group inc
12.59%
86,386,101
SC 13G/A
Feb 03, 2023
blackrock inc.
8.1%
55,318,723
SC 13G/A
Feb 01, 2023
state street corp
4.58%
31,431,281
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
6.9%
47,228,752
SC 13G/A
Feb 11, 2022
state street corp
5.10%
34,876,408
SC 13G/A
Feb 10, 2022
vanguard group inc
12.14%
83,040,329
SC 13G/A
Feb 01, 2022
blackrock inc.
7.8%
53,486,431
SC 13G/A
Feb 16, 2021
price t rowe associates inc /md/
7.6%
54,404,667
SC 13G/A
Feb 10, 2021
state street corp
5.17%
36,857,621
SC 13G

FITB Fair Value

Fifth Third Bancorp fair value in different scenarios

The table shows the Fair Value estimates for Fifth Third Bancorp for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

29.13

10.09%

47.23

78.50%

68.88

160.32%

96.33

264.06%

117.35

343.50%
Current Inflation

26.23

-0.87%

41.86

58.20%

60.10

127.14%

83.17

214.32%

100.72

280.65%
Very High Inflation

22.62

-14.51%

35.36

33.64%

49.74

87.98%

67.88

156.54%

81.57

208.28%

Historical Fifth Third Bancorp Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Fifth Third Bancorp

View All Filings
Date Filed Form Type Document
Mar 14, 2023
4
Insider Trading
Mar 07, 2023
8-K
Current Report
Mar 06, 2023
DEFA14A
DEFA14A
Mar 06, 2023
DEF 14A
DEF 14A
Mar 06, 2023
8-K
Current Report
Mar 06, 2023
8-K
Current Report
Mar 02, 2023
4
Insider Trading
Feb 24, 2023
10-K
Annual Report
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading

Latest Insider Trading transactions for FITB

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-13
Heminger Gary R.
bought
885,159
26.823
33,000
-
2023-03-13
Heminger Gary R.
bought
388,934
26.823
14,500
-
2023-02-28
FEIGER MITCHELL
acquired
827,045
24.89
33,228
-
2023-02-28
FEIGER MITCHELL
sold (taxes)
-932,874
36.3
-25,699
-
2023-02-17
Garrett Kristine R.
sold (taxes)
-15,260
36.95
-413
evp
2023-02-17
Shaffer Robert P
sold (taxes)
-61,854
36.95
-1,674
evp
2023-02-17
Lavender Kevin P
sold (taxes)
-36,691
36.95
-993
evp
2023-02-17
Zaunbrecher Susan B
sold (taxes)
-31,001
36.95
-839
evp & clo
2023-02-17
Stevens Melissa S.
sold (taxes)
-19,066
36.95
-516
evp
2023-02-17
Pinckney Nancy C.
sold (taxes)
-9,163
36.95
-248
evp

1–10 of 50

Gregory D. Carmichael
19100
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 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 December 31, 2021, the company operated 1,117 full-service banking centers and 2,322 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.

FITB Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest Income   
Interest and fees on loans and leases$ 4,954$ 4,079$ 4,424
Interest on securities1,5171,0901,119
Interest on other short-term investments1164229
Total interest income6,5875,2115,572
Interest Expense   
Interest on deposits44759322
Interest on federal funds purchased602
Interest on other short-term borrowings108214
Interest on long-term debt417380452
Total interest expense978441790
Net Interest Income5,6094,7704,782
Provision for (benefit from) credit losses563(377)1,097
Net Interest Income After Provision for (Benefit from) Credit Losses5,0465,1473,685
Noninterest Income   
Service charges on deposits589600559
Wealth and asset management revenue570586520
Commercial banking revenue565637528
Card and processing revenue409402352
Leasing business revenue237300276
Mortgage banking net revenue215270320
Other noninterest income265332211
Securities (losses) gains, net(82)(7)62
Securities (losses) gains, net - non-qualifying hedges on mortgage servicing rights(2)(2)2
Total noninterest income2,7663,1182,830
Noninterest Expense   
Compensation and benefits2,5542,6262,590
Technology and communications416388362
Net occupancy expense307312350
Equipment expense145138130
Leasing business expense131137140
Marketing expense118107104
Card and processing expense8089121
Other noninterest expense968951921
Total noninterest expense4,7194,7484,718
Income (loss) before income taxes3,0933,5171,797
Applicable income tax expense647747370
Net Income2,4462,7701,427
Dividends on preferred stock116111104
Net Income Available to Common Shareholders$ 2,330$ 2,659$ 1,323
Shares Disclosures   
Earnings per share - basic (in dollars per share)$ 3.38$ 3.78$ 1.84
Earnings per share - diluted (in dollars per share)$ 3.35$ 3.73$ 1.83
Average common shares outstanding - basic (in shares)688,633,659702,188,552714,729,585
Average common shares outstanding - diluted (in shares)694,952,038711,197,805719,735,415

FITB Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets  
Cash and due from banks$ 3,466$ 2,994
Other short-term investments[1]8,35134,572
Available-for-sale debt and other securities[2]51,50338,110
Held-to-maturity securities[3]58
Trading debt securities414512
Equity securities317376
Loans and leases held for sale[4]1,0074,415
Total portfolio loans and leases[1],[5]121,480112,050
Allowance for loan and lease losses[1](2,194)(1,892)
Portfolio loans and leases, net119,286110,158
Bank premises and equipment[6]2,1872,120
Operating lease equipment627616
Goodwill4,9154,514
Intangible assets169156
Servicing rights1,7461,121
Other assets[1]13,45911,444
Total Assets207,452211,116
Deposits:  
Noninterest-bearing deposits53,12565,088
Interest-bearing deposits110,565104,236
Total deposits163,690169,324
Federal funds purchased180281
Other short-term borrowings4,838980
Accrued taxes, interest and expenses1,8222,233
Other liabilities[1]5,8814,267
Long-term debt[1]13,71411,821
Total Liabilities190,125188,906
Equity  
Common stock[7]2,0512,051
Preferred stock[8]2,1162,116
Capital surplus3,6843,624
Retained earnings21,68920,236
Accumulated other comprehensive (loss) income(5,110)1,207
Treasury stock[7](7,103)(7,024)
Total Equity17,32722,210
Total Liabilities and Equity$ 207,452$ 211,116
[1]Includes $17 and $24 of other short-term investments, $185 and $322 of portfolio loans and leases, $(2) and $(2) of ALLL, $2 and $2 of other assets, $9 and $1 of other liabilities and $118 and $263 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2022 and 2021, respectively. For further information, refer to Note 12.
[2]Amortized cost of $57,530 and $36,941 at December 31, 2022 and 2021, respectively.
[3]Fair value of $5 and $8 at December 31, 2022 and 2021, respectively.
[4]Includes $600and $1,023 of residential mortgage loans held for sale measured at fair value at December 31, 2022 and 2021, respectively.
[5]Includes $123 and $154 of residential mortgage loans measured at fair value at December 31, 2022 and 2021, respectively.
[6]Includes$24 of bank premises and equipment held for sale at both December 31, 2022 and 2021. For further information, refer to Note 7.
[7]Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at December 31, 2022 – 683,385,880 (excludes 240,506,701 treasury shares), 2021 – 682,777,664 (excludes 241,114,917 treasury shares).
[8]500,000 shares of no par value preferred stock were authorized at both December 31, 2022 and 2021. There were 422,000 unissued shares of undesignated no par value preferred stock at both December 31, 2022 and 2021. Each issued share of no par value preferred stock has a liquidation preference of $25,000. 500,000 shares of no par value Class B preferred stock were authorized at both December 31, 2022 and 2021. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both December 31, 2022 and 2021. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.