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Fifth Third Bancorp (FITB) Stock Price, News & Analysis

+0.33 (+0.93%)
(As of 06/18/2024 ET)
Today's Range
50-Day Range
52-Week Range
3.36 million shs
Average Volume
4.88 million shs
Market Capitalization
$24.61 billion
P/E Ratio
Dividend Yield
Price Target

Fifth Third Bancorp MarketRank™ Stock Analysis

Analyst Rating
2.44 Rating Score
3.4% Upside
$37.21 Price Target
Short Interest
2.92% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.77mentions of Fifth Third Bancorp in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$816,148 Sold Last Quarter
Proj. Earnings Growth
From $3.27 to $3.55 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.80 out of 5 stars

Finance Sector

82nd out of 872 stocks

State Commercial Banks Industry

21st out of 177 stocks

FITB stock logo

About Fifth Third Bancorp Stock (NASDAQ:FITB)

Fifth Third Bancorp is a regional bank holding company headquartered in Cincinnati, Ohio. It operates under its primary subsidiary, Fifth Third Bank, which has a presence in 10 states in the Midwest and Southeast regions of the United States. Fifth Third Bank offers a wide range of financial services, including retail and commercial banking, investment and insurance services, consumer finance, and payment processing. The bank has over 1,100 banking centers and over 2,400 ATMs, serving individual, commercial, and corporate customers.

Fifth Third Bancorp traces its history back to the 1850s when the Bank of the Ohio Valley was founded in Cincinnati. In 1908, the bank merged with The Fifth National Bank of Cincinnati and the new entity was named the Fifth Third National Bank of Cincinnati. Fifth Third is derived from the two predecessor banks, the fifth and third banks to merge nationally. 

Over the years, the bank grew through several mergers and acquisitions, including the purchase of Old Kent Bank in 2001, First Charter Corporation in 2008, and MB Financial in 2019. Fifth Third Bancorp's acquisition of Hammond Hanlon Camp LLC (H2C) in Q1 of 2021, a healthcare-focused investment banking firm, is expected to strengthen the bank's investment banking capabilities. The acquisition will enable Fifth Third to expand its healthcare expertise and offer more comprehensive financial solutions to healthcare clients. Fifth Third also recently announced the completion of its acquisition of Provide, a digital health startup that offers a platform for connecting patients to social care providers. The acquisition will allow Fifth Third to leverage technology and data to provide better healthcare services to its customers.

President and Chief Executive Officer Tim Spence leads Fifth Third Bancorp's executive leadership team. Tim took the reigns from iconic Fifth Third Bank CEO Greg Carmichael, who retired in Q2 of 2022 and handed the reigns over to Mr. Spence. Greg Carmichael is now the leader of the Board of Directors as Mr. Spence assumes his new role. Mr. Spence was promoted internally and joined the bank in 2015.  

Fifth Third Bancorp has shown steady financial performance over the past few years. The company's revenue and net income have remained steady over the past few years, indicating the bank's stability. The company's net interest margin is around 3%, and its efficiency ratio is approximately 50%, indicating a solid cost management ability. Fifth Third's balance sheet shows ample assets, with more than enough to cover its loans and leases. The company's debt-to-equity ratio is approximately .80, indicating a moderate level of leverage. The company's capital position is strong, with a CET1 ratio of around 10%, roughly double the regulatory minimum. 

Fifth Third Bancorp's valuation metrics indicate that the company is reasonably priced compared to its peers. The company's price-to-earnings and price-to-book are both lower than the industry average. This suggests that Fifth Third Bancorp is not overvalued relative to its peers.

Fifth Third Bancorp's stock performance has been positive over the recent past. The company suffered from a Q1 2020 pandemic-related drop and a Q1 2023 banking crisis drop consistent with industry peers. The company's stock price has been increasing despite these issues. The stock routinely outperforms the broader S&P 500. In the first quarter of 2022, the company repurchased $350 million of its common stock, reflecting management's confidence in its long-term prospects.

The banking industry is highly competitive and has various regulatory and political risks. Fifth Third Bancorp faces intense competition from other regional banks, larger national banks, and non-bank financial institutions, such as fintech companies. The industry is also subject to various regulatory and compliance requirements, which can increase costs and limit growth opportunities. Additionally, changes in interest rates, economic conditions, and consumer preferences can impact the company's financial performance.

Despite these challenges, Fifth Third Bancorp has identified several market growth opportunities. The bank invests in technology and digital channels to enhance customer experience and improve efficiency. It has also been expanding its presence in key markets, such as Florida and Georgia, where it sees strong growth potential. Fifth Third Bancorp has also been focusing on growing its commercial banking business, particularly in sectors such as healthcare, real estate, and technology. The acquisition of H2C is expected to further strengthen the company's capabilities in these areas.

FITB Stock Price History

FITB Stock News Headlines

Fifth Third Bancorp Announces Cash Dividends
The asset beating inflation by 4x
Central Bank Gold Heist In Progress Central banks are buying gold at record rates... and billionaire investors are buying right along with them. Even Warren Buffett put over $500 million into gold. And with the help of a tax and penalty-free "Trump Loophole, " these investors are investing retirement into gold and other precious metals without having to put up any of their own cash. In our Free Precious Metals Guide, we reveal all the details on how the rich use this loophole to protect and growth their retirement wealth in any economy…and show you how you can use it too.
The asset beating inflation by 4x
Central Bank Gold Heist In Progress Central banks are buying gold at record rates... and billionaire investors are buying right along with them. Even Warren Buffett put over $500 million into gold. And with the help of a tax and penalty-free "Trump Loophole, " these investors are investing retirement into gold and other precious metals without having to put up any of their own cash. In our Free Precious Metals Guide, we reveal all the details on how the rich use this loophole to protect and growth their retirement wealth in any economy…and show you how you can use it too.
Q1 2024 Fifth Third Bancorp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 4/15 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 7/15 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

State commercial banks
Regional Banks
Current Symbol
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
16 Analysts


Net Income
$2.35 billion
Pretax Margin


Sales & Book Value

Annual Sales
$12.64 billion
Cash Flow
$4.55 per share
Book Value
$25.05 per share


Free Float
Market Cap
$24.61 billion

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Should I Buy Fifth Third Bancorp Stock? FITB Pros and Cons Explained


Here are some ways that investors could benefit from investing in Fifth Third Bancorp:

  • Fifth Third Bancorp has shown consistent growth in revenue and earnings over the past few quarters, indicating a strong financial performance.
  • The company has a solid dividend yield, providing investors with a steady income stream.
  • Recent strategic acquisitions and partnerships have expanded Fifth Third Bancorp's market presence and diversified its revenue streams.
  • The stock price of Fifth Third Bancorp has been relatively stable, offering a potential opportunity for value investors.
  • With a strong focus on digital banking and technological innovation, Fifth Third Bancorp is well-positioned to adapt to changing consumer preferences and industry trends.


Investors should be bearish about investing in Fifth Third Bancorp for these reasons:

  • Despite recent growth, Fifth Third Bancorp faces intense competition in the banking sector, which could impact its market share and profitability.
  • The company's exposure to interest rate risk may lead to fluctuations in its net interest income, affecting overall financial performance.
  • Regulatory changes and compliance requirements in the financial industry could increase operating costs for Fifth Third Bancorp.
  • Market volatility and economic uncertainties may pose challenges to Fifth Third Bancorp's growth prospects and stock performance.
  • Investors should carefully monitor the impact of macroeconomic factors on Fifth Third Bancorp's operations and financial health.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these Fifth Third Bancorp pros and cons to

FITB Stock Analysis - Frequently Asked Questions

Should I buy or sell Fifth Third Bancorp stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last twelve months. There are currently 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FITB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FITB, but not buy additional shares or sell existing shares.
View FITB analyst ratings
or view top-rated stocks.

What is Fifth Third Bancorp's stock price target for 2024?

16 analysts have issued 1-year target prices for Fifth Third Bancorp's stock. Their FITB share price targets range from $28.00 to $43.00. On average, they expect the company's share price to reach $37.21 in the next twelve months. This suggests a possible upside of 3.4% from the stock's current price.
View analysts price targets for FITB
or view top-rated stocks among Wall Street analysts.

How have FITB shares performed in 2024?

Fifth Third Bancorp's stock was trading at $34.49 at the beginning of 2024. Since then, FITB shares have increased by 4.3% and is now trading at $35.98.
View the best growth stocks for 2024 here

When is Fifth Third Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our FITB earnings forecast

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) released its quarterly earnings results on Friday, April, 19th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.05. The financial services provider earned $3.32 billion during the quarter, compared to the consensus estimate of $2.08 billion. Fifth Third Bancorp had a net margin of 17.70% and a trailing twelve-month return on equity of 16.11%. During the same quarter last year, the firm earned $0.78 EPS.
Read the conference call transcript

How often does Fifth Third Bancorp pay dividends? What is the dividend yield for Fifth Third Bancorp?

Fifth Third Bancorp declared a quarterly dividend on Thursday, June 13th. Investors of record on Friday, June 28th will be paid a dividend of $0.35 per share on Monday, July 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Friday, June 28th.
Read our dividend analysis for FITB

Is Fifth Third Bancorp a good dividend stock?

Fifth Third Bancorp (NASDAQ:FITB) pays an annual dividend of $1.40 per share and currently has a dividend yield of 3.97%. FITB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 44.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FITB will have a dividend payout ratio of 39.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FITB.

What guidance has Fifth Third Bancorp issued on next quarter's earnings?

Fifth Third Bancorp issued an update on its second quarter 2024 earnings guidance on Friday, April, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

What is Greg D. Carmichael's approval rating as Fifth Third Bancorp's CEO?

820 employees have rated Fifth Third Bancorp Chief Executive Officer Greg D. Carmichael on Greg D. Carmichael has an approval rating of 82% among the company's employees. 67.0% of employees surveyed would recommend working at Fifth Third Bancorp to a friend.

What other stocks do shareholders of Fifth Third Bancorp own?
Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.18%), Capital World Investors (6.81%), Price T Rowe Associates Inc. MD (5.71%), Boston Partners (2.00%), Allspring Global Investments Holdings LLC (1.28%) and Bank of New York Mellon Corp (0.70%). Insiders that own company stock include C Bryan Daniels, Evan Bayh, Gary R Heminger, Greg D Carmichael, Howard Hammond, James C Leonard, Jude Schramm, Kala Gibson, Kristine R Garrett, Mitchell Feiger, Robert P Shaffer, Thomas H Harvey and Timothy Spence.
View institutional ownership trends

How do I buy shares of Fifth Third Bancorp?

Shares of FITB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Fifth Third Bancorp have any subsidiaries?
The following companies are subsidiares of Fifth Third Bancorp: 1208 N Ocean Boulevard LLC, 5/3 BS IV Investment Fund LLC, 5/3 CityLink Investment Fund LLC, 5/3 Keyer Row Investment Fund LLC, 5/3 Warsaw Creative Investment Fund LLC, 5/3 Willkommen Investment Fund 2 LLC, 5/3 Willkommen Investment Fund LLC, 53 AMRC Solar Trust, 53 ANEE Solar Trust, 53 APA Solar Trust, 53 BR Solar Trust, 53 GEC Solar Trust, 53 GSE Solar Trust, 53 KE Solar Trust, 53 NR Solar Trust, 53 RCE Solar Trust, 53 SP Solar Trust, 53 SS Solar Trust, 53 TGE Solar Trust, Acquisition Properties II LLC, Acquisition Properties VII LLC, Ashland Bankshares, Ashland Management Agency LLC, BB Development I LLC, BB Development VII LLC, BBIF Investor Fund LLC, BCB Development III LLC, BCB Development XXXI LLC, Boss Cox Investment Fund LLC, Canal Place Investment Fund LLC, Carver Loan Pool Investment Fund LLC, Emerald Financial Corp, Epic Insurance Solutions, Epic Insurance Solutions Agency LLC, FTB SR Solar Trust, Fifth Third Acquisition Holdings LLC, Fifth Third Auto Leasing Trust, Fifth Third Auto Trust 2019-1, Fifth Third Auto Trust 2020-1, Fifth Third Bank National Association, Fifth Third Business Capital Canada Inc., Fifth Third Capital Holdings LLC, Fifth Third Commercial Funding Inc., Fifth Third Community Development Company LLC, Fifth Third Community Development Corporation, Fifth Third Financial Corporation, Fifth Third Global Services Inc., Fifth Third Holdings Funding LLC, Fifth Third Holdings LLC, Fifth Third Insurance Agency Inc., Fifth Third International Company, Fifth Third Investment Company, Fifth Third Mauritius Holdings Limited, Fifth Third Mortgage – Michigan LLC, Fifth Third New Markets Development Co. LLC, Fifth Third New Markets Development Company II LLC, Fifth Third Securities Inc., Fifth Third Wealth Advisor LLC, First Charter Capital Trust I, First Charter Capital Trust II, Five Rivers Investment Fund LLC, Franklin Street Advisors Inc., Franklin Street Partners, Franklin Street Trust Company, Fuschia Properties LLC, GNB Management LLC, GNB Realty LLC, Gads Hill Investment Fund LLC, H2C Securities Inc., HCB Development I LLC, Hammond Hanlon Camp LLC, HostDime Investment Fund LLC, Life Connection Investment Fund LLC, MB Financial, MB Financial Center LLC, MB Financial Center Land Owner LLC, MB Financial International Inc., MB1200 Corporation, MB1776 LLC, MB1803 LLC, MB1807 LLC, MB1810 LLC, MB1815 LLC, MB1829 LLC, MB1841 LLC, MB1846 LLC, MB1853 LLC, MB1861 LLC, MB1864 LLC, MB1868 LLC, MB1871 LLC, MB1875 LLC, MB1877 LLC, MB1883 LLC, MB1884 LLC, MB1897 LLC, MB777 LLC, MB797 LLC, MB848 LLC, MB851 LLC, MB854 LLC, MB876 LLC, MB878 LLC, MB899 LLC, MBAA SFR LLC, Mainstreet Investment Advisors LLC, Memorial Hall Investment Fund LLC, NCB Development III LLC, NCB Development XXV LLC, NCB Development XXVIII LLC, NCB Development XXXII LLC, Old Kent Mortgage Services Inc., PCR MB LLC, PSII Investor LLC, Privet Properties LLC, Provide, Provide Inc., R.G. McGraw Insurance Agency, R.G. McGraw Insurance Agency Inc., Ragweed Properties LLC, Retirement Corporation of America, Scherston Real Estate Investments LLC, Score Small Business Loan Pool 2 LLC, Score Small Business Loan Pool 3 LLC, Score Small Business Loan Pool 4 LLC, Score Small Business Loan Pool LLC, South Florida Bank Holding Corporation, Spring Green Properties LLC, State Savings Company, Summit MFR Leasing II LLC, Summit MFR Leasing LLC, Sweetwater Merger Sub Inc., The Retirement Corporation of America, Vista Settlement Services LLC, Walnut & Vine Holdings LLC, and Walnut & Vine Properties II LLC.
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This page (NASDAQ:FITB) was last updated on 6/18/2024 by Staff

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