- Banks - Regional
- Financial Services
-
3.36
EPS
-
11.78
P/E
-
26.8B
MARKET CAP
-
3.53%
DIV YIELD
Company Overview
38 FOUNTAIN SQ PLZ,CINCINNATI OH 45263,5135795300
CEO
Mr. Timothy N. Spence
Employess
18607
Sector
Financial Services
Industry
Banks - Regional
Website
https://www.53.com
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.
Next Earnings Date
Oct. 17, 2024
Ex Dividends date
Jul. 15, 2024
Dividend Date
June 28, 2024
YTD Performance
14.00%
Fiscal Year End
12-31
IPO Date
1980-03-17
Growth Rates
| (avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
|---|---|---|---|---|
| Sales/Revenue | 6.67% | 13.26% | 19.20% | 52.95% |
| EPS | 4.65% | -0.18% | 20.63% | -4.44% |
| Equity | 2.77% | 3.36% | -6.04% | 10.65% |
| Cash | -0.11% | 3.22% | -0.05% | -9.35% |
| Return On Capital (ROIC) | 8.40% | 9.78% | 12.83% | 21.62% |
Debt
| year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Short Term Debt | 6,990 | 4,840 | 980 | 1,190 | 1,010 |
| Long Term Debt | 12,400 | 13,700 | 11,800 | 15,000 | 15,000 |
| LT Finance Leases | 622 | 658 | 561 | 553 | 494 |
| Shares Outstanding | 684 | 689 | 702 | 715 | 710 |
| Market Cap | 23,600 | 22,600 | 30,600 | 19,700 | 21,800 |
Price
News
Are You Looking for a High-Growth Dividend Stock?
1 monthDividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Fifth Third Bancorp (FITB) have what it takes?
zacks.com
5 Reasons to Add Fifth Third (FITB) Stock to Your Portfolio
1 monthFifth Third (FITB) is benefiting from a strong liquidity position and robust revenue growth.
zacks.com
Why Fifth Third Bancorp (FITB) is a Great Dividend Stock Right Now
2 monthsDividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Fifth Third Bancorp (FITB) have what it takes?
zacks.com
3 Bank Stocks Pulling Back from 2-Year Highs
2 monthsBank stocks just kicked off another earnings season , making way for giants in other industries to announce their quarterly results.
schaeffersresearch.com
3 Regional Banking Stocks to Sell as Big Banks Grow
2 monthsOver the last 50 years, the banking industry in the United States has undergone a significant number of changes that have left it more centralized than ever. It has also left them reliant on big banks in the Federal Reserve for most people's active financial management.
investorplace.com
The reason why Fifth Third Bank holds so much liquidity: CEO
2 monthsFifth Third Bancorp (FITB) recently posted its second quarter earnings, revealing total revenue of $2.08 billion, just below estimates of $2.12 billion. Net income available to common shareholders was $561 million, a 17% increase compared to the previous quarter.
youtube.com
Fifth Third Bank CEO on global technical outages
2 monthsFifth Third Bank CEO Tim Spence joins 'Money Movers' to discuss the major technical outages and more.
youtube.com
Fifth Third Bancorp (FITB) Q2 2024 Earnings Call Transcript
2 monthsFifth Third Bancorp (NASDAQ:FITB ) Q2 2024 Earnings Conference Call July 19, 2024 9:00 AM ET Company Participants Matt Curoe - Director, IR Tim Spence - Chairman, CEO & President Bryan Preston - CFO Greg Schroeck - CCO Conference Call Participants Ebrahim Poonawala - Bank of America Scott Siefers - Piper Sandler Mike Mayo - Wells Fargo Ken Usdin - Jefferies Gerard Cassidy - RBC Capital Bill Carache - Wolfe Research Erika Najarian - UBS Manan Gosalia - Morgan Stanley Matt O'Connor - Deutsche Bank Christopher Marinac - Janney Montgomery Scott Operator Good morning. My name is Audra and I will be your conference operator today.
seekingalpha.com
Fifth Third (FITB) Q2 Earnings Beat Estimates, NII Falls Y/Y
2 monthsFifth Third's (FITB) Q2 earnings benefit from a year-over-year decline in expenses and provisions. However, declining loan and deposit balances, along with lower NII, act as spoilsports.
zacks.com
Fifth Third Bancorp (FITB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
2 monthsAlthough the revenue and EPS for Fifth Third Bancorp (FITB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
Fifth Third Bancorp (FITB) Q2 Earnings Beat Estimates
2 monthsFifth Third Bancorp (FITB) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.87 per share a year ago.
zacks.com
Fifth Third Bancorp quarterly profit dips on interest income weakness
2 monthsFifth Third Bancorp reported a fall in second-quarter profit on Friday, as costlier deposits eroded the regional lender's interest income.
reuters.com