FITB - Fifth Third Bancorp Stock

Market Summary

USD25.70-0.68

Market Closed

-2.58%

FITB Alerts

Big jump in Revenue (Y/Y)

FITB Stock Price

FITB RSI Chart

FITB Valuation

Market Cap

17.5B

Price/Earnings (Trailing)

6.86

Price/Sales (Trailing)

2.08

EV/EBITDA

2.79

Price/Free Cashflow

3.41

FITB Price/Sales (Trailing)

FITB Profitability

EBT Margin

42.61%

Return on Equity

13.67%

Return on Assets

1.2%

Free Cashflow Yield

29.32%

FITB Fundamentals

FITB Revenue

Revenue (TTM)

8.4B

Revenue Y/Y

61.89%

Revenue Q/Q

7.09%

FITB Earnings

Earnings (TTM)

2.5B

Earnings Y/Y

6.94%

Earnings Q/Q

7.71%

Price Action

52 Week Range

21.8437.59

(Low)(High)

Last 7 days

-6.3%

Last 30 days

1.1%

Last 90 days

0.6%

Trailing 12 Months

-20.0%

FITB Financial Health

Debt/Equity

0.7

Debt/Cashflow

0.47

FITB Investor Care

Dividend Yield

5.14%

Dividend/Share (TTM)

1.32

Buy Backs (1Y)

1.19%

Diluted EPS (TTM)

3.52

Historical Charts for Stock Metrics

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Net sales

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Latest Insider Trading transactions for FITB

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-08-18	Rogers Kathleen A	acquired	-	-	3,627	-
2023-08-18	Desmangles Laurent	acquired	-	-	3,627	-
2023-07-05	Spence Timothy	sold (taxes)	-124,393	26.54	-4,687	president and ceo
2023-05-17	Pinckney Nancy C.	sold (taxes)	-5,913	25.27	-234	evp
2023-05-03	Bayh Evan	bought	124,100	24.82	5,000	-
2023-04-18	Blackburn Katherine H.	acquired	-	-	5,153	-
2023-04-18	Benitez Jorge L.	acquired	-	-	5,153	-
2023-04-18	Daniels C. Bryan	acquired	-	-	5,153	-
2023-04-18	BRUMBACK EMERSON L	acquired	-	-	5,153	-
2023-04-18	MALLESCH EILEEN A	acquired	-	-	5,153	-

Which funds bought or sold FITB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-21	Baystate Wealth Management LLC	added	0.34	-211	15,627	-%
2023-09-20	BARCLAYS PLC	added	62.92	13,698,000	36,420,000	0.02%
2023-09-18	WASHINGTON CAPITAL MANAGEMENT, INC	unchanged	-	-4,300	262,100	0.22%
2023-09-14	Proquility Private Wealth Partners, LLC	added	5.95	112,072	2,753,490	1.08%
2023-09-14	IMS Capital Management	sold off	-100	-242,424	-	-%
2023-09-12	Farther Finance Advisors, LLC	added	81.62	5,702	12,948	-%
2023-08-24	Alberta Investment Management Corp	unchanged	-	-3,827	233,269	-%
2023-08-23	Rehmann Capital Advisory Group	added	0.03	-4,934	304,116	0.03%
2023-08-22	COMERICA BANK	new	-	9,000	9,000	-%
2023-08-22	COMERICA BANK	new	-	3,000	3,000	-%

Latest Funds Activity

Are funds buying FITB calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FITB

No. of Funds

FITB Alerts

Big jump in Revenue (Y/Y)

Schedule 13G FIlings of Fifth Third Bancorp

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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	vanguard group inc	11.56%	82,390,760	SC 13G/A

Recent SEC filings of Fifth Third Bancorp

View All Filings

Date Filed	Form Type	Document
Sep 12, 2023	8-K	Current Report
Aug 22, 2023	4	Insider Trading
Aug 22, 2023	4	Insider Trading
Aug 22, 2023	3	Insider Trading
Aug 22, 2023	3	Insider Trading
Aug 21, 2023	8-K	Current Report
Aug 07, 2023	10-Q	Quarterly Report
Jul 27, 2023	8-K	Current Report
Jul 26, 2023	13F-HR	Fund Holdings Report
Jul 25, 2023	424B5	Prospectus Filed

Peers (Alternatives to Fifth Third Bancorp)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.7T	383.9B	-3.49%	14.63%	28.86	7.12	-0.93%	-4.89%
MSFT	2.4T	211.9B	-3.06%	31.92%	32.56	11.12	6.88%	-0.52%
GOOG	1.7T	289.5B	-1.47%	30.51%	27.19	5.72	4.10%	-15.36%
AMZN	1.3T	538.0B	-4.72%	10.07%	101.87	2.47	10.73%	12.62%
MID-CAP
JBLU	1.5B	9.9B	-28.14%	-36.34%	55.75	0.15	24.14%	106.11%
NYMT	795.7M	246.5M	-4.07%	-6.47%	-5.01	3.23	6.65%	-174.04%
SMALL-CAP
TLRY	1.6B	627.1M	-7.75%	-14.29%	-1.08	2.51	-0.20%	-204.67%
PLAY	1.5B	2.2B	-10.06%	7.70%	11.01	0.71	38.20%	-10.10%
MFA	1.0B	543.3M	-3.23%	5.22%	-715.94	1.91	31.74%	78.13%
NKLA	961.6M	56.2M	-5.30%	-69.36%	-1.14	17.12	40.31%	-12.26%
BYND	614.9M	356.8M	-16.65%	-37.31%	-2.19	1.72	-23.03%	15.53%
GPRO	507.0M	1.0B	-15.90%	-35.94%	-19.18	0.49	-11.34%	-107.10%
CGC	462.3M	453.3M	100.98%	-69.12%	-0.38	1.02	-16.04%	55.90%
INO	104.1M	13.7M	-12.49%	-77.75%	-0.62	7.62	413.65%	52.51%

Fifth Third Bancorp News

Returns for FITB

Cumulative Returns on FITB

6.8%

10-Year Cumulative Returns

6.3%

7-Year Cumulative Returns

0.8%

5-Year Cumulative Returns

12.1%

3-Year Cumulative Returns

Risks for FITB

What is the probability of a big loss on FITB?

73.1%

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

53.5%

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

Financials for Fifth Third Bancorp

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	12.1%	8,418	7,512	6,587	5,808	5,340	5,199	5,211	5,232	5,269	5,349	5,572	5,817	6,113	6,346	6,254	6,087	5,777	5,410	5,183	4,935	4,772
EBITDA	-100.0%	-	9,576	9,138	8,539	8,302	8,183	8,636	8,508	8,341	7,843	7,071	7,359	7,338	7,712	8,471	-	-	-	-	-	-
EBITDA Margin	-100.0%	-	1.27*	1.39*	1.47*	1.97*	1.57*	1.66*	1.63*	1.58*	1.47*	1.27*	1.27*	1.20*	1.22*	1.35*	-	-	-	-	-	-
Interest Expenses	2.0%	6,049	5,931	5,609	5,228	4,919	4,788	4,770	4,755	4,736	4,728	4,782	4,827	4,899	4,944	4,797	4,650	4,451	4,226	4,140	4,015	3,942
Earnings Before Taxes	1.6%	3,252	3,201	3,093	3,009	3,059	3,246	3,517	3,435	3,286	2,619	1,797	1,991	1,934	2,267	3,202	2,848	2,709	2,880	2,765	2,780	3,719
EBT Margin	-100.0%	-	0.43*	0.47*	0.52*	0.73*	0.62*	0.67*	0.66*	0.62*	0.49*	0.32*	0.34*	0.32*	0.36*	0.51*	-	-	-	-	-	-
Net Income	1.6%	2,549	2,510	2,446	2,372	2,423	2,570	2,770	2,711	2,588	2,074	1,427	1,556	1,524	1,782	2,512	2,233	2,120	2,269	2,193	2,234	2,812
Net Income Margin	-100.0%	-	0.33*	0.37*	0.41*	0.58*	0.49*	0.53*	0.52*	0.49*	0.39*	0.26*	0.27*	0.25*	0.28*	0.40*	-	-	-	-	-	-
Free Cashflow	-100.0%	-	5,664	6,080	5,372	4,900	4,445	2,395	-576	-1,756	-719	66.00	3,096	2,711	1,463	1,581	-	-	-	-	-	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	-0.7%	207,276	208,657	207,452	205,463	206,782	211,459	211,116	207,731	205,390	206,899	204,680	201,996	202,906	185,391	169,369	171,079	168,802	20,000	20,000	141,590	140,595
Cash Equivalents	-6.7%	2,594	2,780	3,466	3,068	3,437	3,049	2,994	3,213	3,285	3,122	3,147	2,996	3,221	3,282	3,278	3,261	2,764	-	2,681	-	-
Net PPE	2.5%	2,275	2,219	2,187	2,155	2,118	2,102	2,120	2,101	2,073	2,072	2,088	2,090	2,053	2,009	1,995	2,053	2,074	2,092	1,861	1,896	1,915
Goodwill	0.1%	4,919	4,915	4,915	4,925	4,926	4,514	4,514	4,514	4,259	4,259	4,258	4,261	4,261	4,261	4,252	4,290	4,284	1,800	2,478	2,462	2,462
Liabilities	-0.4%	189,467	190,293	190,125	188,727	187,812	191,282	188,906	185,207	182,464	184,304	181,569	179,045	180,571	163,518	148,166	149,675	148,131	148,009	129,819	125,835	124,443
Long Term Debt	-4.8%	12,278	12,893	13,714	11,712	10,990	10,815	11,821	11,419	12,364	14,743	14,973	15,123	16,327	16,282	14,970	14,474	15,784	15,483	14,426	14,460	14,321
Shareholder's Equity	-3.0%	17,809	18,364	17,327	16,736	18,970	20,177	22,210	22,524	22,926	22,595	23,111	22,951	22,335	21,873	21,203	21,404	20,671	19,844	16,250	15,701	16,100
Retained Earnings	1.5%	22,366	22,032	21,689	21,219	20,818	20,501	20,236	19,817	19,343	18,863	18,384	18,010	17,643	17,677	18,315	17,786	17,431	17,184	16,578	16,440	16,143
Additional Paid-In Capital	0.7%	3,708	3,682	3,684	3,660	3,636	3,615	3,624	3,611	3,602	3,592	3,635	3,624	3,603	3,597	3,599	3,589	3,572	3,444	2,873	2,856	2,833
Shares Outstanding	0.0%	681	681	683	686	689	688	683	697	709	714	713	715	715	714	709	727	738	661	647	668	683
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	197	197	-	20.00	20.00

Cashflow (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	-7.9%	5,584	6,062	6,428	5,697	5,226	4,757	2,704	-282	-1,458	-428	371	3,394	2,968	1,723	1,824	1,374	2,371	3,125	2,856	2,179	2,131
Share Based Compensation	4.3%	169	162	165	157	148	144	120	123	125	125	123	123	125	131	132	130	131	136	127	129	129
Cashflow From Investing	-32.8%	-7,460	-5,617	-4,871	-6,740	-7,729	-7,263	-7,968	-2,634	1,177	-20,043	-31,902	-31,063	-33,320	-13,857	-797	-4,567	-4,793	-5,425	-4,141	-1,387	62.00
Cashflow From Financing	244.7%	1,033	-714	-1,085	898	2,655	2,433	5,111	3,133	345	20,311	31,400	27,404	30,809	12,667	-430	4,354	3,134	3,011	1,452	-897	-2,344
Dividend Payments	2.3%	1,014	991	927	943	925	912	897	883	885	883	858	836	862	800	753	764	650	596	565	438	418
Buy Backs	0%	300	300	100	316	866	1,213	1,393	1,077	527	180	-	300	650	850	1,763	1,863	2,013	2,048	1,453	1,326	1,816

FITB Income Statement

2023-06-30

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest Income
Interest and fees on loans and leases	$ 1,831	$ 1,081	$ 3,545	$ 2,062
Interest on securities	437	369	876	663
Interest on other short-term investments	102	14	162	27
Total interest income	2,370	1,464	4,583	2,752
Interest Expense
Interest on deposits	655	25	1,133	36
Interest on federal funds purchased	5	1	10	1
Interest on other short-term borrowings	90	12	147	13
Interest on long-term debt	163	87	319	168
Total interest expense	913	125	1,609	218
Net Interest Income	1,457	1,339	2,974	2,534
Provision for credit losses	177	179	341	224
Net Interest Income After Provision for Credit Losses	1,280	1,160	2,633	2,310
Noninterest Income
Commercial banking revenue	146	137	307	272
Wealth and asset management revenue	143	140	289	289
Service charges on deposits	144	154	281	306
Card and processing revenue	106	105	206	201
Mortgage banking net revenue	59	31	127	83
Leasing business revenue	47	56	104	118
Other noninterest income	74	85	97	138
Securities gains (losses), net	7	(32)	11	(47)
Securities losses, net – non-qualifying hedges on mortgage servicing rights	0	0	0	(1)
Total noninterest income	726	676	1,422	1,359
Noninterest Expense
Compensation and benefits	650	584	1,407	1,295
Technology and communications	114	98	232	199
Net occupancy expense	83	75	164	152
Equipment expense	36	36	73	72
Leasing business expense	31	31	65	63
Marketing expense	31	28	60	52
Card and processing expense	20	20	42	38
Other noninterest expense	266	240	519	463
Total noninterest expense	1,231	1,112	2,562	2,334
Income Before Income Taxes	775	724	1,493	1,335
Applicable income tax expense	174	162	334	279
Net Income	601	562	1,159	1,056
Dividends on preferred stock	39	36	62	56
Net Income Available to Common Shareholders	$ 562	$ 526	$ 1,097	$ 1,000
Shares Disclosures
Earnings per share - basic (in dollars per share)	$ 0.82	$ 0.76	$ 1.60	$ 1.45
Earnings per share - diluted (in dollars per share)	$ 0.82	$ 0.76	$ 1.59	$ 1.44
Average common shares outstanding - basic (in shares)	684,028,603	689,018,541	684,023,063	688,282,355
Average common shares outstanding - diluted (in shares)	686,385,938	694,804,715	687,967,395	695,519,583

FITB Balance Sheet

2023-06-30

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions

Jun. 30, 2023

Dec. 31, 2022

Assets

Cash and due from banks

$ 2,594

$ 3,466

Other short-term investments

^[1]

10,943

8,351

Available-for-sale debt and other securities

^[2]

49,329

51,503

Held-to-maturity securities

^[3]

2

5

Trading debt securities

1,139

414

Equity securities

331

317

Loans and leases held for sale

^[4]

760

1,007

Portfolio loans and leases

^[1],[5]

121,891

121,480

Allowance for loan and lease losses

^[1]

(2,327)

(2,194)

Portfolio loans and leases, net

119,564

119,286

Bank premises and equipment

^[6]

2,275

2,187

Operating lease equipment

537

627

Goodwill

4,919

4,915

Intangible assets

146

169

Servicing rights

1,764

1,746

Other assets

^[1]

12,973

13,459

Total Assets

207,276

207,452

Deposits:

Noninterest-bearing deposits

45,264

53,125

Interest-bearing deposits

118,864

110,565

Total deposits

164,128

163,690

Federal funds purchased

163

180

Other short-term borrowings

5,817

4,838

Accrued taxes, interest and expenses

1,765

1,822

Other liabilities

^[1]

5,316

5,881

Long-term debt

^[1]

12,278

13,714

Total Liabilities

189,467

190,125

Equity

Common stock

^[7]

2,051

Preferred stock

^[8]

2,116

Capital surplus

3,708

3,684

Retained earnings

22,366

21,689

Accumulated other comprehensive loss

(5,166)

(5,110)

Treasury stock

^[7]

(7,266)

(7,103)

Total Equity

17,809

17,327

Total Liabilities and Equity

$ 207,276

$ 207,452

[1]	Includes $1 and $17 of other short-term investments, $42 and $185 of portfolio loans and leases, $(1) and $(2) of ALLL, $0 and $2 of other assets, $9 and $9 of other liabilities, and $37 and $118 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2023 and December 31, 2022, respectively. For further information, refer to Note 11.
[2]	Amortized cost of $55,399 and $57,530 at June 30, 2023 and December 31, 2022, respectively.
[3]	Fair value of $2 and $5 at June 30, 2023 and December 31, 2022, respectively.
[4]	Includes $596 and $600 of residential mortgage loans held for sale measured at fair value at June 30, 2023 and December 31, 2022, respectively.
[5]	Includes $124 and $123 of residential mortgage loans measured at fair value at June 30, 2023 and December 31, 2022, respectively.
[6]	Includes $22 and $24 of bank premises and equipment held for sale at June 30, 2023 and December 31, 2022, respectively.
[7]	Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at June 30, 2023 – 680,850,480 (excludes 243,042,101 treasury shares), December 31, 2022 – 683,385,880 (excludes 240,506,701 treasury shares).
[8]	500,000 shares of no par value preferred stock were authorized at both June 30, 2023 and December 31, 2022. There were 422,000 unissued shares of undesignated no par value preferred stock at both June 30, 2023 and December 31, 2022. 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 June 30, 2023 and December 31, 2022. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both June 30, 2023 and December 31, 2022. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.

About Fifth Third Bancorp

Gregory D. Carmichael

www.53.com

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.

Market Summary

FITB Alerts

FITB Stock Price

FITB RSI Chart

FITB Valuation

FITB Price/Sales (Trailing)

FITB Profitability

FITB Fundamentals

FITB Revenue

FITB Earnings

Price Action

52 Week Range

FITB Financial Health

FITB Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for FITB

Which funds bought or sold FITB recently?

Latest Funds Activity

FITB Alerts

Schedule 13G FIlings of Fifth Third Bancorp

Recent SEC filings of Fifth Third Bancorp

Peers (Alternatives to Fifth Third Bancorp)

Fifth Third Bancorp News

Returns for FITB

Cumulative Returns on FITB

Risks for FITB

What is the probability of a big loss on FITB?

How does FITB drawdown profile look like?

Financials for Fifth Third Bancorp

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

FITB Income Statement

FITB Balance Sheet

About Fifth Third Bancorp

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)