Fifth Third Bancorp Stock Research

Market Summary

USD26.46+1.05

Market Closed

4.13%

FITB Alerts

1 major insider buys and 1 major insider sales recently.
Big jump in Revenue (Y/Y)

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

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.5T	387.5B	-0.56%	-0.91%	25.94	6.37	2.44%	-5.35%
MSFT	2.1T	204.1B	-1.92%	-6.89%	30.5	10.08	10.38%	-5.25%
GOOG	1.3T	282.8B	1.63%	-25.54%	21.65	4.59	9.78%	-21.12%
AMZN	1.0T	514.0B	-3.36%	-34.72%	-376.42	1.99	9.40%	-108.16%
MID-CAP
NYMT	3.6B	258.4M	203.99%	176.76%	-11.9	13.75	24.91%	-254.56%
JBLU	2.3B	9.2B	-18.97%	-49.38%	-6.41	0.25	51.67%	-98.90%
SMALL-CAP
PLAY	1.7B	1.7B	-22.36%	-14.62%	13.72	0.97	61.79%	371.82%
TLRY	1.6B	602.5M	-17.77%	-52.80%	-2.74	2.63	18.18%	-18.59%
BYND	1.1B	418.9M	5.51%	-56.16%	-2.93	2.57	-9.85%	-101.06%
CGC	991.7M	478.9M	-11.35%	-65.42%	-0.32	2.07	-31.50%	-634.70%
MFA	954.9M	482.4M	-16.25%	-37.64%	-4.12	1.98	33.15%	-170.42%
NKLA	897.6M	50.8M	-34.66%	-77.56%	-1.14	17.66	1229.98%	-13.59%
GPRO	788.4M	1.1B	-10.56%	-33.33%	27.33	0.72	-5.82%	-92.23%
INO	281.8M	10.3M	-24.84%	-63.38%	-1.01	27.46	478.23%	7.85%

Financials for Fifth Third Bancorp

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	13.4%	6,587	5,808	5,340	5,199	5,211
EBITDA	7.0%	9,138	8,539	8,302	8,183	-
EBITDA Margin	-5.6%	1.39*	1.47*	1.97*	1.57*	-
Earnings Before Taxes	2.8%	3,093	3,009	3,059	3,246	3,517
EBT Margin	-9.4%	0.47*	0.52*	0.73*	0.62*	-
Interest Expenses	7.3%	5,609	5,228	4,919	4,788	4,770
Net Income	3.1%	2,446	2,372	2,423	2,570	2,770
Net Income Margin	-9.1%	0.37*	0.41*	0.58*	0.49*	-
Free Cahsflow	13.2%	6,080	5,372	4,900	4,445	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.0%	207,452	205,463	206,782	211,459	211,116
Cash Equivalents	13.0%	3,466	3,068	3,437	3,049	2,994
Net PPE	1.5%	2,187	2,155	2,118	2,102	2,120
Goodwill	-0.2%	4,915	4,925	4,926	4,514	4,514
Liabilities	0.7%	190,125	188,727	187,812	191,282	188,906
Long Term Debt	17.1%	13,714	11,712	10,990	10,815	11,821
Shareholder's Equity	3.5%	17,327	16,736	18,970	20,177	22,210
Retained Earnings	2.2%	21,689	21,219	20,818	20,501	20,236
Additional Paid-In Capital	0.7%	3,684	3,660	3,636	3,615	3,624
Accumulated Depreciation	1.9%	3,318	3,255	3,212	3,210	-
Shares Outstanding	-0.4%	683	686	686	686	683

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	12.8%	6,428	5,697	5,226	4,757	2,704
Share Based Compensation	5.1%	165	157	148	144	120
Cashflow From Investing	27.7%	-4,871	-6,740	-7,729	-7,263	-7,968
Cashflow From Financing	-220.8%	-1,085	898	2,655	2,433	5,111
Dividend Payments	-1.7%	927	943	925	912	897
Buy Backs	-68.4%	100	316	866	1,213	1,393

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 ascending	Fund Name	Type	% 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%

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

FITB Alerts

1 major insider buys and 1 major insider sales recently.
Big jump in Revenue (Y/Y)

Fifth Third Bancorp News

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	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 Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very 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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

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.

FITB Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	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 securities	1,517	1,090	1,119
Interest on other short-term investments	116	42	29
Total interest income	6,587	5,211	5,572
Interest Expense
Interest on deposits	447	59	322
Interest on federal funds purchased	6	0	2
Interest on other short-term borrowings	108	2	14
Interest on long-term debt	417	380	452
Total interest expense	978	441	790
Net Interest Income	5,609	4,770	4,782
Provision for (benefit from) credit losses	563	(377)	1,097
Net Interest Income After Provision for (Benefit from) Credit Losses	5,046	5,147	3,685
Noninterest Income
Service charges on deposits	589	600	559
Wealth and asset management revenue	570	586	520
Commercial banking revenue	565	637	528
Card and processing revenue	409	402	352
Leasing business revenue	237	300	276
Mortgage banking net revenue	215	270	320
Other noninterest income	265	332	211
Securities (losses) gains, net	(82)	(7)	62
Securities (losses) gains, net - non-qualifying hedges on mortgage servicing rights	(2)	(2)	2
Total noninterest income	2,766	3,118	2,830
Noninterest Expense
Compensation and benefits	2,554	2,626	2,590
Technology and communications	416	388	362
Net occupancy expense	307	312	350
Equipment expense	145	138	130
Leasing business expense	131	137	140
Marketing expense	118	107	104
Card and processing expense	80	89	121
Other noninterest expense	968	951	921
Total noninterest expense	4,719	4,748	4,718
Income (loss) before income taxes	3,093	3,517	1,797
Applicable income tax expense	647	747	370
Net Income	2,446	2,770	1,427
Dividends on preferred stock	116	111	104
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)	688,633,659	702,188,552	714,729,585
Average common shares outstanding - diluted (in shares)	694,952,038	711,197,805	719,735,415

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]

8,351

34,572

Available-for-sale debt and other securities

^[2]

51,503

38,110

Held-to-maturity securities

^[3]

Trading debt securities

414

512

Equity securities

317

376

Loans and leases held for sale

^[4]

1,007

4,415

Total portfolio loans and leases

^[1],[5]

121,480

112,050

Allowance for loan and lease losses

^[1]

(2,194)

(1,892)

Portfolio loans and leases, net

119,286

110,158

Bank premises and equipment

^[6]

2,187

2,120

Operating lease equipment

627

616

Goodwill

4,915

4,514

Intangible assets

169

156

Servicing rights

1,746

1,121

Other assets

^[1]

13,459

11,444

Total Assets

207,452

211,116

Deposits:

Noninterest-bearing deposits

53,125

65,088

Interest-bearing deposits

110,565

104,236

Total deposits

163,690

169,324

Federal funds purchased

180

281

Other short-term borrowings

4,838

980

Accrued taxes, interest and expenses

1,822

2,233

Other liabilities

^[1]

5,881

4,267

Long-term debt

^[1]

13,714

11,821

Total Liabilities

190,125

188,906

Equity

Common stock

^[7]

2,051

Preferred stock

^[8]

2,116

Capital surplus

3,684

3,624

Retained earnings

21,689

20,236

Accumulated other comprehensive (loss) income

(5,110)

1,207

Treasury stock

^[7]

(7,103)

(7,024)

Total Equity

17,327

22,210

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.