Fifth Third Bancorp (FITB)

NASDAQ: FITB · IEX Real-Time Price · USD
32.89
+0.07 (0.21%)
At close: Dec 9, 2022 4:00 PM
33.00
+0.11 (0.33%)
After-hours: Dec 9, 2022 4:43 PM EST
0.21%
Market Cap 22.53B
Revenue (ttm) 7.72B
Net Income (ttm) 2.26B
Shares Out 689.28M
EPS (ttm) 3.24
PE Ratio 10.15
Forward PE 8.88
Dividend $1.23 (3.74%)
Ex-Dividend Date Sep 29, 2022
Volume 4,616,783
Open 33.03
Previous Close 32.82
Day's Range 32.62 - 33.14
52-Week Range 30.92 - 50.64
Beta 1.22
Analysts Buy
Price Target 41.51 (+26.2%)
Earnings Date Jan 19, 2023

About FITB

Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taki... [Read more]

Industry Banks
Founded 1858
CEO Gregory Carmichael
Employees 19,187
Stock Exchange NASDAQ
Ticker Symbol FITB
Full Company Profile

Financial Performance

In 2021, FITB's revenue was $8.27 billion, an increase of 26.86% compared to the previous year's $6.52 billion. Earnings were $2.77 billion, an increase of 94.11%.

Financial Statements

Analyst Forecast

According to 28 analysts, the average rating for FITB stock is "Buy." The 12-month stock price forecast is 41.51, which is an increase of 26.21% from the latest price.

Price Target
$41.51
(26.21% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Fifth Third offers tips on how to keep your money, credit and identity safe during the holiday shopping season

CINCINNATI--( BUSINESS WIRE )--The rise of online and mobile banking and electronic financial transactions have made life easier for consumers. However, without proper security measures, they can put yo...

15 hours ago - Business Wire

Fifth Third Bank and PrimeRevenue Team on Supply Chain Finance

Fifth Third Bank has teamed with PrimeRevenue to offer working capital and trade payables solutions.  With this collaboration, the bank will use the working capital and B2B payment solutions provider's ...

2 days ago - PYMNTS

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 2022 Goldman Sachs U.S. Financial Services Conference on December 7, 2022 at approximately 8:00 AM ET. Tim Spenc...

2 weeks ago - Business Wire

Fifth Third Bank Launches Redesigned, Enhanced Mobile App

CINCINNATI--( BUSINESS WIRE )--Fifth Third Bank, National Association, has rolled out a new mobile banking app, its inaugural cloud-first application, which is designed to give customers an entirely new...

3 weeks ago - Business Wire

Fifth Third Bank Expands Cash/Back Credit Card Suite

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, is complementing its flagship 1.67% Cash/Back Card with the launch of a new lend-centric credit card that enhances and expands its Ca...

1 month ago - Business Wire

Fifth Third Bank Launches Fifth Third Wealth Advisors®

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced the launch of an independent Registered Investment Advisor, Fifth Third Wealth Advisors.

1 month ago - Business Wire

Fifth Third Bank to Increase Prime Lending Rate to 7.00%

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 7.00%, effective immediately.

1 month ago - Business Wire

Fifth Third Bancorp to Attend BancAnalysts Association of Boston Conference

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2022 BancAnalysts Association of Boston Conference on November 4, 2022 at approximately 11:20 AM ET.

1 month ago - Business Wire

We've been around for 160 years and this is our best year ever, says Fifth Third Bancorp CEO

Tim Spence, Fifth Third Bancorp CEO, joins 'Closing Bell' to discuss the recent performance of regional banks, his thoughts on Fifth Third's recent deposit growth and Spence's sense of current macroecon...

1 month ago - CNBC Television

Fifth Third (FITB) Q3 Earnings & Revenues Miss Estimates

Fifth Third's (FITB) Q3 earnings hurt by a significant fall in the fee income and higher provision for credit losses. A decline in deposits and deteriorating credit metrics have been other concerns.

1 month ago - Zacks Investment Research

Fifth Third Bancorp (FITB) Q3 Earnings and Revenues Miss Estimates

Fifth Third Bancorp (FITB) delivered earnings and revenue surprises of -5.10% and 0.93%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Fifth Third Announces Third Quarter 2022 Results

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB): Key Highlights Select Business Highlights: Generated consumer household growth of 3% compared to 3Q21 Increased quarterly cash dividend o...

1 month ago - Business Wire

Insiders Love These 2 Dividends (Growing 275%+)

We have plenty of cheap dividend stocks to buy today.

Other symbols: LNC
1 month ago - Forbes

Fifth Third Bank offers tips to protect yourself and your money

CINCINNATI--(BUSINESS WIRE)--When it comes to your identity and your money, you want to make sure you have the right tools and knowledge to keep them secure.

1 month ago - Business Wire

Key Factors to Note for Fifth Third's (FITB) Q3 Earnings

Despite a favorable lending environment, Fifth Third's (FITB) Q3 earnings are expected to have been affected by a decline in service charges on deposits, and wealth and asset management revenues.

1 month ago - Zacks Investment Research

Fifth Third Bancorp (FITB) Earnings Expected to Grow: Should You Buy?

Fifth Third Bancorp (FITB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Bank Stocks Have Gotten Slammed. Here Are 4 Worth a Look Ahead of Earnings.

To those who have never experienced a run-of-the-mill recession, everything looks like a crisis. That could mean bank stocks are due for a run-up.

Other symbols: CFGHBANMTB
2 months ago - Barrons

Fifth Third Foundation Donates $500,000 for Hurricane Relief in Florida

CINCINNATI--(BUSINESS WIRE)--The Fifth Third Foundation has contributed $500,000 to support relief efforts for those impacted by Hurricane Ian, which made landfall in Florida on Sept. 28. Tim Spence, pr...

2 months ago - Business Wire

Fifth Third Foundation and National Urban League Mark Workforce Development Month, Celebrate Success of Workforce Dev...

CINCINNATI--(BUSINESS WIRE)--The Fifth Third Foundation and the National Urban League are commemorating September's Workforce Development Month by announcing results from the first year of a collaborati...

2 months ago - Business Wire

Fifth Third Bank to Increase Prime Lending Rate to 6.25%

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 6.25%, effective immediately. The rate was last changed on July 27, 2022, ...

2 months ago - Business Wire

Fifth Third Bank Launches Mortgage Warehouse Finance Business

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, is proud to launch its Mortgage Warehouse Finance business to meet the needs of independent mortgage bankers. As one of the largest r...

2 months ago - Business Wire

The regional banks have low cost deposits and margins that will improve, says RBC's Cassidy

Gerard Cassidy, RBC Capital Markets head of U.S. bank equity strategy and large cap bank analyst, joins 'The Exchange' to discuss the big banks if M&A activity slows down, which banks investors should c...

Other symbols: KEYMTBPNCRF
2 months ago - CNBC Television

Buy These 5 Stocks That Recently Declared Dividend Hikes

U.S. Bancorp (USB), PACCAR (PCAR), World Fuel Services Corporation (INT), Fifth Third Bancorp (FITB) and Verizon Communications (VZ) hiked their dividends.

Other symbols: INTPCARUSBVZ
2 months ago - Zacks Investment Research

Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Shares 3 cents, or 10%, to $0.33 per Share

CINCINNATI--(BUSINESS WIRE)--Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, ...

2 months ago - Business Wire

Fifth Third Bancorp to Participate in the Barclays Global Financial Services Conference

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2022 Barclays Global Financial Services Conference on September 14, 2022, at approximately 7:30 AM ET. Tim Spence,...

3 months ago - Business Wire