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 asset management services; holistic strategies to affluent clients in wealth planning, investing, insurance, and wealth protection; and advisory services for institutional clients comprising states and municipalities. As of December 31, 2017, the company operated 1,154 full-service banking centers and 2,469 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:FITB
CUSIP31677310
Phone800-972-3030
Debt
Debt-to-Equity Ratio1.00
Current Ratio0.89
Quick Ratio0.88
Price-To-Earnings
Trailing P/E Ratio14.83
Forward P/E Ratio12.14
P/E Growth1.54
Sales & Book Value
Annual Sales$7.71 billion
Price / Sales2.68
Cash Flow$3.50 per share
Price / Cash8.60
Book Value$21.70 per share
Price / Book1.39
Profitability
EPS (Most Recent Fiscal Year)$2.68
Net Income$2.19 billion
Net Margins30.14%
Return on Equity10.45%
Return on Assets1.11%
Miscellaneous
Employees18,125
Outstanding Shares685,500,000
Fifth Third Bancorp (NASDAQ:FITB) Frequently Asked Questions
What is Fifth Third Bancorp's stock symbol?
Fifth Third Bancorp trades on the NASDAQ under the ticker symbol "FITB."
How often does Fifth Third Bancorp pay dividends? What is the dividend yield for Fifth Third Bancorp?
Fifth Third Bancorp announced a quarterly dividend on Tuesday, June 19th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.18 per share on Monday, July 16th. This represents a $0.72 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Thursday, June 28th. This is a positive change from Fifth Third Bancorp's previous quarterly dividend of $0.16. View Fifth Third Bancorp's Dividend History.
How will Fifth Third Bancorp's stock buyback program work?
Fifth Third Bancorp declared that its board has approved a share buyback plan on Wednesday, February 28th 2018, which authorizes the company to repurchase 100,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.
How were Fifth Third Bancorp's earnings last quarter?
Fifth Third Bancorp (NASDAQ:FITB) posted its quarterly earnings data on Tuesday, April, 24th. The financial services provider reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.49. The financial services provider had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.55 billion. Fifth Third Bancorp had a net margin of 30.14% and a return on equity of 10.45%. The company's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. View Fifth Third Bancorp's Earnings History.
When is Fifth Third Bancorp's next earnings date?
What price target have analysts set for FITB?
22 analysts have issued 12-month target prices for Fifth Third Bancorp's shares. Their predictions range from $26.00 to $37.00. On average, they expect Fifth Third Bancorp's share price to reach $31.8250 in the next year. View Analyst Ratings for Fifth Third Bancorp.
What are Wall Street analysts saying about Fifth Third Bancorp stock?
Here are some recent quotes from research analysts about Fifth Third Bancorp stock:
- 1. According to Zacks Investment Research, "Shares of Fifth Third have outperformed the industry over the past six months. Also, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in three of the trailing four quarters. The company’s ongoing strategic efforts, such as Project North Star, will likely boost its efficiency and revenues over the long run. Recently, Fifth Third entered into stock-cash acquisition deal with MB Financial for a total value of $4.7 billion, expaanding in Chicago. Also, margin pressure seems to be easing gradually due to the Fed’s interest rate hikes and improving economic backdrop. Further, Fifth Third's improving credit quality remains a tailwind. However, elevated expenses on the company’s branch digitization initiative and legal issues remain concerns." (5/28/2018)
- 2. Vining Sparks analysts commented, "We believe that FITB should be able to improve its full year ROTCE in 2018E by approximately 2 full percentage points while also continuing to generate meaningful TBV growth, as it benefits from the continued normalization of short-term interest rates, accelerated deployment of excess capital, and the realization of tax reform. Therefore, FITB should be able to generate a total shareholder return of around 10% in 2018E, as FITB’s increased profitability should expand its P/TBV valuation multiple towards 190% while also benefitting from a another increase in its dividend following the 2018E CCAR." (1/28/2018)
Are investors shorting Fifth Third Bancorp?
Fifth Third Bancorp saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 21,999,161 shares, an increase of 72.9% from the May 15th total of 12,720,681 shares. Based on an average daily trading volume, of 11,102,259 shares, the short-interest ratio is currently 2.0 days. Approximately 3.2% of the company's stock are sold short. View Fifth Third Bancorp's Current Options Chain.
Who are some of Fifth Third Bancorp's key competitors?
Some companies that are related to Fifth Third Bancorp include Bank of Nova Scotia (BNS), Itau Unibanco (ITUB), Bank of New York Mellon (BK), Banco Bradesco (BBD), State Street (STT), M&T Bank (MTB), Northern Trust (NTRS), Deutsche Bank (DB), BANCO BRADESCO/S (BBDO), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH) and Western Alliance Bancorporation (WAL).
Who are Fifth Third Bancorp's key executives?
Fifth Third Bancorp's management team includes the folowing people:
- Mr. Gregory D. Carmichael, Chairman, Pres & CEO (Age 56)
- Mr. Tayfun Tuzun, Exec. VP & CFO (Age 53)
- Mr. Lars C. Anderson, Exec. VP & COO (Age 57)
- Mr. Frank R. Forrest, Exec. VP & Chief Risk Officer (Age 63)
- Mr. Timothy N. Spence, Exec. VP (Age 39)
Has Fifth Third Bancorp been receiving favorable news coverage?
Media stories about FITB stock have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fifth Third Bancorp earned a news sentiment score of 0.16 on Accern's scale. They also gave press coverage about the financial services provider an impact score of 45.40 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Fifth Third Bancorp's major shareholders?
Fifth Third Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.67%), JPMorgan Chase & Co. (2.76%), Boston Partners (1.79%), Northern Trust Corp (1.34%), LSV Asset Management (1.33%) and Dimensional Fund Advisors LP (1.23%). Company insiders that own Fifth Third Bancorp stock include Aravind Immaneni, Emerson L Brumback, Frank R Forrest, Greg D Carmichael, James C Leonard, Jelena Mcwilliams, Jewell D Hoover, Lars C Anderson, Mark D Hazel, Teresa J Tanner and Timothy Spence. View Institutional Ownership Trends for Fifth Third Bancorp.
Which major investors are selling Fifth Third Bancorp stock?
FITB stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Millennium Management LLC, JPMorgan Chase & Co., Seizert Capital Partners LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Prudential Financial Inc., Guggenheim Capital LLC and Legal & General Group Plc. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Aravind Immaneni, Emerson L Brumback, Frank R Forrest, Greg D Carmichael, James C Leonard, Jelena Mcwilliams, Jewell D Hoover, Lars C Anderson, Mark D Hazel and Timothy Spence. View Insider Buying and Selling for Fifth Third Bancorp.
Which major investors are buying Fifth Third Bancorp stock?
FITB stock was bought by a variety of institutional investors in the last quarter, including O Shaughnessy Asset Management LLC, Rockefeller Capital Management L.P., Schroder Investment Management Group, Natixis, Teacher Retirement System of Texas, Pzena Investment Management LLC, Mackay Shields LLC and Neuburgh Advisers LLC. View Insider Buying and Selling for Fifth Third Bancorp.
How do I buy shares of Fifth Third Bancorp?
Shares of FITB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Fifth Third Bancorp's stock price today?
One share of FITB stock can currently be purchased for approximately $30.10.
How big of a company is Fifth Third Bancorp?
Fifth Third Bancorp has a market capitalization of $20.63 billion and generates $7.71 billion in revenue each year. The financial services provider earns $2.19 billion in net income (profit) each year or $2.68 on an earnings per share basis. Fifth Third Bancorp employs 18,125 workers across the globe.
How can I contact Fifth Third Bancorp?
Fifth Third Bancorp's mailing address is 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH, 45263. The financial services provider can be reached via phone at 800-972-3030 or via email at [email protected]
MarketBeat Community Rating for Fifth Third Bancorp (FITB)
MarketBeat's community ratings are surveys of what our community members think about Fifth Third Bancorp and other stocks. Vote "Outperform" if you believe FITB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FITB will underperform the S&P 500 over the long term. You may vote once every thirty days.
