Fifth Third Bancorp (FITB)
| Market Cap | 28.79B |
| Revenue (ttm) | 8.06B |
| Net Income (ttm) | 2.07B |
| Shares Out | 670.54M |
| EPS (ttm) | 3.00 |
| PE Ratio | 14.31 |
| Forward PE | 12.24 |
| Dividend | $1.48 (3.45%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 7,760,982 |
| Open | 42.07 |
| Previous Close | 42.26 |
| Day's Range | 41.92 - 43.13 |
| 52-Week Range | 32.29 - 49.07 |
| Beta | 1.24 |
| Analysts | Buy |
| Price Target | 45.47 (+5.92%) |
| Earnings Date | Jan 21, 2025 |
About FITB
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. The 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 capi... [Read more]
Financial Performance
In 2023, Fifth Third Bancorp's revenue was $8.20 billion, an increase of 4.76% compared to the previous year's $7.82 billion. Earnings were $2.21 billion, a decrease of -4.98%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for FITB stock is "Buy." The 12-month stock price forecast is $45.47, which is an increase of 5.92% from the latest price.
News
Fifth Third Bank to Decrease Prime Lending Rate to 7.50%
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 7.50%, effective immediately. The rate was last changed on November 7, 2...
Fifth Third Awards More Than $25,000 in Small Business Grants
CINCINNATI--(BUSINESS WIRE)--Throughout the month of November, Fifth Third (NASDAQ: FITB) showed appreciation to small businesses across its 11-state footprint through a unique social media competitio...
Newline™ by Fifth Third Awarded Most Innovative Financial Institution by This Week in Fintech
CINCINNATI--(BUSINESS WIRE)--This Week in Fintech announced its annual This Week in Fintech Awards at the 2024 Fintech Formal in New York. Newline™ by Fifth Third was awarded Most Innovative Financial...
Fifth Third Bancorp Announces Cash Dividends
CINCINNATI--(BUSINESS WIRE)--Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares...
Fifth Third's Branch Expansion Strategy Driven by Data, Digital Tools
CINCINNATI--(BUSINESS WIRE)--Recently Fifth Third Bank (NASDAQ: FITB) unveiled plans to expand its retail branch footprint by opening more than 200 branches over the next four years, primarily in fast...
Fifth Third Bancorp to Participate in the Goldman Sachs U.S. Financial Services Conference
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Goldman Sachs U.S. Financial Services Conference on December 11, 2024 at approximately 8:00 AM ET. Tim Spen...
Fifth Third's Laurent Desmangles, Linda W. Clement-Holmes Recognized as 2024 Most Influential Corporate Directors by Savoy Magazine
CINCINNATI--(BUSINESS WIRE)--Fifth Third directors Laurent Desmangles and Linda W. Clement-Holmes have been named to Savoy Magazine's Most Influential Corporate Directors list.
Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President
CLEVELAND--(BUSINESS WIRE)--Fifth Third Bank, National Association, (Nasdaq: FITB) has announced Matt Nipper as Northern Ohio region president. Nipper succeeds Tom Partridge, who is serving as group r...
Fifth Third Kicks Off Second Annual ‘Swap, Snap, Share' Small Business Appreciation Campaign
CINCINNATI--(BUSINESS WIRE)--Small businesses across Fifth Third's 11-state footprint will feel the love this holiday shopping season: from now until Dec. 1, Fifth Third employees can enter their favo...
Fifth Third Empowers Next Generation with Financial Literacy Solutions
CINCINNATI--(BUSINESS WIRE)--Extending its longstanding commitment to financial literacy, the Fifth Third Foundation is proud to support the development of a new tool that aims to make personal financ...
Fifth Third Wealth Advisors® Adds Team, Office in Winston-Salem, North Carolina
CINCINNATI--(BUSINESS WIRE)--Fifth Third Wealth Advisors®, a multi-custodial registered investment advisory firm, is pleased to announce its newest team and office in Winton-Salem, North Carolina. The...
Fifth Third Lights Up Hyper-Fast Electric Vehicle Chargers at Florida Branch
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank continues its historic clean energy progress today by introducing hyper-fast electric vehicle (EV) chargers for the first time at one of its banking cente...
Fifth Third Private Bank Named Global Private Banking Award Winner, Honored as Best for Customer Service
CINCINNATI--(BUSINESS WIRE)--At a London-based event, Fifth Third Private Bank, a division of Fifth Third Bank, was named the Best Private Bank in North America for Customer Service. The recognition w...
Fifth Third Bank to Decrease Prime Lending Rate to 7.75%
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 7.75%, effective immediately. The rate was last changed on September 18,...
Fifth Third Wealth Advisors ® Adds Team, Office in Charlotte, North Carolina
CINCINNATI--(BUSINESS WIRE)--Fifth Third Wealth Advisors®, a multi-custodial registered investment advisory firm, is pleased to announce the expansion of its presence in Charlotte, North Carolina. The...
Fifth Third Bancorp Announces Earnings Release Dates for 2026
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp Announces Earnings Release Dates for 2026.
Fifth Third Bancorp to Participate in the BancAnalysts Association of Boston Conference
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp to Participate in the BancAnalysts Association of Boston Conference.
Fifth Third Launches Small Business Catalyst Fund in Partnership with Community Reinvestment Fund, USA
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank has partnered with Community Reinvestment Fund, USA (CRF) to launch the Small Business Catalyst Fund, a $7.85M investment that will empower small business...
Fifth Third Named To Forbes' Best Customer Service List
CINCINNATI--(BUSINESS WIRE)--Fifth Third has been named to Forbes' Best for Customer Service 2025 list. This marks the second consecutive year Fifth Third's customer service efforts have been recogniz...
Fifth Third: Strong NIM And Higher Reserves Drive A Mixed Q3
Fifth Third Bancorp has gained over 75% in the past year but saw a 2% drop after mixed Q3 results. Despite stable deposits and improved net interest income, credit trends were slightly disappointing, ...
Fifth Third Bancorp Doubled: Why I Believe It Has Still Room To Run
Fifth Third Bancorp stands out among regional banks with strong capital, dividend growth, and market share gains, but long-term banking sector risks remain. Despite a recent rally, FITB's valuation an...
Fifth Third Bancorp Sees 10% Jump in Commercial Payment Business
Fifth Third Bancorp continues to see positive results from its commercial payments operation. The Ohio-based lender reported third-quarter earnings Friday (Oct. 18) showing revenues from that business...
Fifth Third Bancorp Stock Slips on Worse-Than-Expected Profit
Fifth Third Bancorp (FITB) shares fell Friday as the Ohio-based bank posted a third-quarter profit drop as net interest income (NII) and noninterest income declined, and it put aside more money to cov...
Fifth Third Bancorp (FITB) Q3 2024 Earnings Call Transcript
Fifth Third Bancorp (NASDAQ:FITB) Q3 2024 Results Conference Call October 18, 2024 9:00 AM ET Company Participants Matt Curoe - Director, IR Tim Spence - Chairman, CEO & President Bryan Preston - CF...
Fifth Third CEO on Q3 Earnings, 'Uneven' US Economy
Fifth Third Bancorp Chair and CEO Tim Spence discusses the bank's third-quarter earnings, expansion in the southeastern US and the state of the economy on "Bloomberg Open Interest." Sign up for the Ec...