Fifth Third Bancorp (FITB) to Release Earnings on Thursday

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) is projected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, July 17th. Analysts expect Fifth Third Bancorp to post earnings of $0.88 per share and revenue of $2.22 billion for the quarter.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Fifth Third Bancorp had a return on equity of 13.64% and a net margin of 17.65%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $0.70 earnings per share. On average, analysts expect Fifth Third Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Fifth Third Bancorp Stock Up 1.4%

Shares of FITB stock traded up $0.62 during mid-day trading on Thursday, hitting $44.05. The company's stock had a trading volume of 7,098,212 shares, compared to its average volume of 4,580,546. The stock has a market cap of $29.40 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.50 and a beta of 0.91. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 0.81. Fifth Third Bancorp has a 52-week low of $32.25 and a 52-week high of $49.07. The business has a 50-day moving average price of $39.32 and a 200 day moving average price of $40.08.

Fifth Third Bancorp announced that its board has initiated a share buyback program on Monday, June 16th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Fifth Third Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Monday, June 30th. Fifth Third Bancorp's payout ratio is 46.98%.

Wall Street Analyst Weigh In

FITB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods dropped their target price on Fifth Third Bancorp from $47.00 to $42.00 and set a "market perform" rating for the company in a report on Monday, April 21st. DA Davidson upgraded Fifth Third Bancorp from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from $42.00 to $47.00 in a report on Monday, June 9th. Barclays dropped their price objective on Fifth Third Bancorp from $56.00 to $51.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Morgan Stanley dropped their price objective on Fifth Third Bancorp from $57.00 to $52.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, TD Cowen initiated coverage on Fifth Third Bancorp in a report on Thursday, May 15th. They set a "buy" rating and a $52.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Fifth Third Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $47.53.

Institutional Investors Weigh In On Fifth Third Bancorp

An institutional investor recently raised its position in Fifth Third Bancorp stock. Empowered Funds LLC raised its position in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,864 shares of the financial services provider's stock after buying an additional 916 shares during the period. Empowered Funds LLC's holdings in Fifth Third Bancorp were worth $543,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 83.79% of the company's stock.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.