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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Why Turkey's currency is crashing after Erdogan got reelected
Laser breakthrough could send stock soaring 2,467% (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Why Turkey's currency is crashing after Erdogan got reelected
Laser breakthrough could send stock soaring 2,467% (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
[BREAKING] New "Living Software" to Revolutionize Warfare (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Why Turkey's currency is crashing after Erdogan got reelected
Laser breakthrough could send stock soaring 2,467% (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
NASDAQ:FITB

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

$26.41
-0.56 (-2.08%)
(As of 06/9/2023 ET)
Compare
Today's Range
$26.38
$26.96
50-Day Range
$23.24
$28.02
52-Week Range
$22.11
$38.06
Volume
4.78 million shs
Average Volume
8.29 million shs
Market Capitalization
$17.98 billion
P/E Ratio
7.63
Dividend Yield
5.00%
Price Target
$35.50

Fifth Third Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
34.4% Upside
$35.50 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.48
Upright™ Environmental Score
News Sentiment
0.70mentions of Fifth Third Bancorp in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$1.01 M Bought Last Quarter
Proj. Earnings Growth
-0.58%
From $3.47 to $3.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.36 out of 5 stars

Finance Sector

21st out of 867 stocks

State Commercial Banks Industry

9th out of 179 stocks


FITB stock logo

About Fifth Third Bancorp (NASDAQ:FITB) Stock

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.

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FITB Stock News Headlines

Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Fifth Third Bancorp Buys Rize Money For Undisclosed Sum
See More Headlines

FITB Price History

FITB Company Calendar

Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Last Earnings
4/20/2023
Today
6/09/2023
Next Earnings (Confirmed)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:FITB
CUSIP
31677310
Employees
19,319
Year Founded
1858

Price Target and Rating

Average Stock Price Forecast
$35.50
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+34.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
13 Analysts

Profitability

Net Income
$2.45 billion
Pretax Margin
31.08%

Debt

Sales & Book Value

Annual Sales
$9.35 billion
Cash Flow
$4.17 per share
Book Value
$22.16 per share

Miscellaneous

Free Float
676,223,000
Market Cap
$17.98 billion
Optionable
Optionable
Beta
1.18

Social Links


Key Executives

  • Timothy N. SpenceTimothy N. Spence
    Chief Executive Officer & Director
  • James C. Leonard
    Chief Financial Officer & Executive Vice President
  • Jude A. SchrammJude A. Schramm
    Chief Information Officer & Executive VP
  • Robert P. ShafferRobert P. Shaffer
    Chief Risk Officer & Executive Vice President
  • Richard Stein
    Chief Credit Officer & Executive Vice President













FITB Stock - Frequently Asked Questions

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FITB shares.
View FITB analyst ratings
or view top-rated stocks.

What is Fifth Third Bancorp's stock price forecast for 2023?

13 equities research analysts have issued 1-year target prices for Fifth Third Bancorp's shares. Their FITB share price forecasts range from $29.00 to $44.00. On average, they predict the company's share price to reach $35.50 in the next twelve months. This suggests a possible upside of 34.4% 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 2023?

Fifth Third Bancorp's stock was trading at $32.81 at the beginning of the year. Since then, FITB stock has decreased by 19.5% and is now trading at $26.41.
View the best growth stocks for 2023 here
.

When is Fifth Third Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our FITB earnings forecast
.

How can I listen to Fifth Third Bancorp's earnings call?

Fifth Third Bancorp will be holding an earnings conference call on Thursday, July 20th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) released its earnings results on Thursday, April, 20th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.79 by $0.01. The financial services provider earned $2.91 billion during the quarter, compared to the consensus estimate of $2.22 billion. Fifth Third Bancorp had a trailing twelve-month return on equity of 16.28% and a net margin of 24.39%. During the same period in the prior year, the firm posted $0.69 earnings per share.
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, March 16th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.33 per share on Monday, April 17th. This represents a $1.32 annualized dividend and a yield of 5.00%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for FITB
.

Is Fifth Third Bancorp a good dividend stock?

Fifth Third Bancorp (NASDAQ:FITB) pays an annual dividend of $1.32 per share and currently has a dividend yield of 4.87%. 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 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FITB will have a dividend payout ratio of 38.26% 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 FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $9.00 billion-$9.17 billion, compared to the consensus revenue estimate of $8.97 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 Glassdoor.com. 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?
What is Fifth Third Bancorp's stock symbol?

Fifth Third Bancorp trades on the NASDAQ under the ticker symbol "FITB."

Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.63%), Price T Rowe Associates Inc. MD (6.34%), State Street Corp (4.56%), Bank of America Corp DE (2.76%), Geode Capital Management LLC (2.18%) and Charles Schwab Investment Management Inc. (2.03%). Insiders that own company stock include Evan Bayh, Gary R Heminger, Greg D Carmichael, Howard Hammond, James C Leonard, Jewell D Hoover, Jude Schramm, Kevin P Lavender, Kristine R Garrett, Margaret B Jula, Mitchell Feiger, Robert P Shaffer, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Fifth Third Bancorp's stock price today?

One share of FITB stock can currently be purchased for approximately $26.41.

How much money does Fifth Third Bancorp make?

Fifth Third Bancorp (NASDAQ:FITB) has a market capitalization of $17.98 billion and generates $9.35 billion in revenue each year. The financial services provider earns $2.45 billion in net income (profit) each year or $3.46 on an earnings per share basis.

How many employees does Fifth Third Bancorp have?

The company employs 19,319 workers across the globe.

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.
Read More
How can I contact Fifth Third Bancorp?

Fifth Third Bancorp's mailing address is 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH, 45263. The official website for the company is trustandwill.com. The financial services provider can be reached via phone at (800) 972-3030, via email at ir@53.com, or via fax at 513-534-6757.

This page (NASDAQ:FITB) was last updated on 6/10/2023 by MarketBeat.com Staff

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