Fifth Third Bancorp

Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services, and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services to large and middle-market businesses. The Branch Banking segment provides deposit, loan, and lease products to individuals and small businesses. The Consumer Lending segment includes residential mortgage, home equity, automobile, and indirect lending activities. The Wealth & Asset Management segment provides investment alternatives for individuals, companies, and not-for-profit organizations. The company was founded in 1975 and is headquartered in Cincinnati, OH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Fifth Third Bancorp posts record revenue in Q4 2022, eyes strong 2023 growth

Fifth Third Bancorp's strong Q4 2022 performance and robust outlook for 2023 highlight its resilience and growth potential. While facing challenges in fee income and market recovery, the company's focus on strategic investments and capital management positions it well for the future. Opportunities in deposit growth, technology, and customer origination offer avenues for sustained growth.

Fifth Third Bancorp reports robust Q1 earnings and strategic growth plans

Fifth Third Bancorp's Q1 performance reflects strong earnings growth and a focus on stability amidst sector challenges. The bank's emphasis on ethical practices, credit quality, and proactive capital management positions it well for future growth. Addressing challenges in deposit competition and regulatory changes while pursuing growth opportunities will be key for sustained success.

Fifth Third Bancorp reports robust Q2 earnings amid economic uncertainties

Fifth Third Bancorp delivered strong Q2 results amidst economic uncertainties, focusing on strategic balance sheet adjustments and risk management. The bank's proactive approach to adapting to regulatory changes and optimizing operations positions it well for future growth.

Fifth Third Bancorp reports robust Q3 performance and eyes loan growth opportunities

Fifth Third Bancorp delivered solid performance with strong credit metrics and deposit growth.
The bank's disciplined underwriting and proactive risk management are key strengths.
Challenges include customer caution and improving efficiency ratio in 2024.
Opportunities lie in fixed rate loan repricing benefits and potential loan growth next year.

Fifth Third Bancorp posts record revenue and plans for growth

Fifth Third Bancorp delivered strong financial performance in 2023, emphasizing record revenue, balanced growth, and profitability metrics.
While facing challenges in loan growth and interest income, the bank's defensive balance sheet, strategic investments, and growth opportunities position it for continued success.
By focusing on regulatory compliance, capital strength, and market expansion, Fifth Third Bancorp aims to navigate challenges and leverage opportunities for sustainable growth and shareholder value.

Fifth Third Bancorp reports robust Q1 performance amidst industry shifts

Fifth Third Bancorp's Q1 2024 performance showcased strong financial metrics, with a focus on fee income growth and expense management. Despite challenges in NPAs and solar financing, the company is poised to capitalize on opportunities in Texas and fixed rate asset repricing. Strategic focus on liquidity and diversification aligns with industry trends towards rationalizing business models.

Fifth Third Bancorp (FITB) exceeds earnings forecast, strengthens key segments

Fifth Third Bancorp (FITB) delivered strong financial results, surpassing earnings expectations and demonstrating solid profitability metrics.
The bank's strategic investments in key growth areas like wealth management and commercial payments have fueled revenue growth and enhanced its capital position.
While navigating economic uncertainties, FITB remains focused on maintaining flexibility, managing risks, and exploring opportunities for sustained growth and shareholder value.

Fifth Third Bancorp beats earnings estimates, eyes revenue growth

FITB exceeded earnings expectations, maintained strong financial metrics, and focused on strategic investments.
While facing rising expenses and economic uncertainties, FITB aims for revenue growth and operational efficiency.
The bank's confidence in its competitive position and value proposition signals a positive outlook.
Continued focus on stability, profitability, and growth through strategic investments and digital capabilities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Fifth Third Bancorp is a bank holding company, which engages in the provision of diversified financial services. It operates through the following segments: Commercial Banking, Consumer and Small Business Banking, Wealth and Asset Management, and General Corporate and Other. The Commercial Banking segment offers credit intermediation, cash management, and financial services to large and middle-market businesses and government and professional customers. The Consumer and Small Business Banking segment provides a full range of deposit and loan products to individuals and small businesses through a network of full-service banking centers and relationships with indirect and correspondent loan originators in addition to providing products designed to meet the specific needs of small businesses, including cash management services. The Wealth and Asset Management segment is involved in wealth management solutions for individuals, companies, and not-for-profit organizations including wealth planning, investment management, banking, insurance, trust, and estate services. The General Corporate and Other segment focuses on the unallocated portion of the investment securities portfolio, securities gains and losses, certain non-core deposit funding, unassigned equity, unallocated provision for credit losses or a benefit from the reduction of the allowance for credit losses, the payment of preferred stock dividends, and certain support activities. The company was founded on October 7, 1974 and is headquartered in Cincinnati, OH.

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, has been named to the Forbes list of Best Employers for Diversity 2021.

Fifth Third Bank Named to Forbes Best Employers for Diversity 2021 List

Fifth Third Bancorp (FITB) CEO Greg Carmichael on Q1 2021 Results - Earnings Call Transcript

Fifth Third (FITB) Q1 earnings top estimates on higher revenues, benefits from credit losses and a robust capital position.

Fifth Third (FITB) Q1 Earnings Beat on Recapture of Provisions

Shares of Fifth Third Bancorp (NASDAQ:FITB) fell 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 615.38% year over year to $0.93, which beat the estimate of $0.69.

Recap: Fifth Third Bancorp Q1 Earnings

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ®: FITB): Key Highlights Returned $180 million to shareholders through repurchases; capacity to repurchase up to $347 million in 2Q21 ROTCE(a) of 16.8%; adjusted ROTCE(a) of 19.8% excl. AOCI improved 150 bps sequentially Produced record commercial banking revenue Generated consumer household growth of 3% compared to 1Q20 Historically low NCO ratio reflecting improvements in commercial and consumer Benefit to credit losses and resulting res

Fifth Third Announces First Quarter 2021 Results

Fifth Third's (FITB) Q1 earnings are likely to have been hit by the low-rate environment and muted non-interest income.

Low Interest Rates to Mar Fifth Third's (FITB) Q1 Earnings?

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank names Jay Plum head of Mortgage

Fifth Third Bank Appoints Jay Plum as Head of Mortgage

The Fifth Third Bancorp is a diversified financial services company, mostly present in the Midwest of the United States. The company also has a wide economic moat around its business but is probably facing higher risks than some of its peers.

Fifth Third Bancorp: Weaker Moat And More Risky Than Its Peers

Citizens Financial Group

Goldman Sachs

JPMorgan Chase & Co

Merchants Bancorp

Morgan Stanley

In the midst of uncertainty among the blue chip tech stocks and other typical market leaders, the financial sector has emerged as one of the more consistent and economically promising areas of the market in 2021. The segment kicked off the year with solid fourth-quarter earnings results and, with America's economic engines stirring back to life, the market is looking to the nation's banks to supply the liquidity for the nation's economic comeback.

Bank Stocks Garner Attention As The Market Eyes Rates And Inflation

CINCINNATI--(BUSINESS WIRE)--Fifth Third joins Partnership for Carbon Accounting Financials; Commitment furthers Bank's leadership in environmental sustainability.

Fifth Third Joins Partnership for Carbon Accounting Financials; Commitment Furthers Bank's Leadership in Environmental Sustainability

Escalade

Royal Bank of Canada

Sun Life Financial

Top Ranked Income Stocks to Buy for April 7th

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, and the NMSDC has launched an NMSDC Centers of Excellence Certificate Program.

Fifth Third Bank, National Minority Development Council Launch Certificate Program for Small Businesses

Bank of America

People's United Financial

Regions Financial

Wells Fargo

Bank stocks rebound impressively in Q1. One must keep an eye on best-performing S&P 500 banks like People's United (PBCT), Fifth Third Bancorp (FITB), Wells Fargo (WFC), Regions Financial (RF) and Bank of America (BAC) that are driven by strong fundamentals.

5 Top-Performing S&P 500 Bank Stocks of Q1 Worth a Look

D.R. Horton

EOG Resources

Lennar

Exxon Mobil

We have narrowed down our search to five S&P 500 stocks that have gained more than 30% year to date and still have strong upside for the rest of 2021. These are: XOM, EOG, DHI, LEN and FITB.

S&P 500 Hits 4K Milestone on Fabulous Economic Data: 5 Picks

CINCINNATI--(BUSINESS WIRE)--Fifth Third Exceeds Five-Year Community Commitment, Achieves $41.6 Billion in Support Against $32 Billion Goal.

Fifth Third Exceeds Five-Year Community Commitment, Achieves $41.6 Billion in Support Against $32 Billion Goal

CINCINNATI--(BUSINESS WIRE)--Fifth Third Marks National Financial Capability Month with Virtual Financial Literacy Events with Operation Hope

Fifth Third Marks National Financial Capability Month With Virtual Financial Literacy Events with Operation Hope

Does Fifth Third Bancorp (FITB) have what it takes to be a top stock pick for momentum investors? Let's find out.

Fifth Third Bancorp (FITB) is a Great Momentum Stock: Should You Buy?

Costco

Johnson & Johnson

American Tower

Aptargroup

American Water Works

Colgate-Palmolive

CareTrust REIT

Dollar General

Dick's Sporting Goods

First Republic

H.B. Fuller

General Dynamics

Horace Mann Educators

Hurco Companies

Independence Holding Company

Independent Bank

Kadant

Lindsay

MGM Growth Properties

M&T Bank

National Health Investors

Procter & Gamble

Synovus Financial

Southern Company

SpartanNash

Travelers

Value Line

Williams-Sonoma

Watsco

Dividend increases from long-time growth companies were, for the most part, as I expected. Williams-Sonoma surprised with an 11% boost. Three companies expected to announce increases instead held their payout steady.

Johnson & Johnson, Costco Among 11 Companies To Reward Investors With Dividend Boosts In April

Robust fundamentals and efforts to improve credit quality, along with sound liquidity position, are likely to continue supporting Fifth Third's (FITB) price rally in the quarters ahead.

Fifth Third (FITB) Rises 36.8% YTD: What's Driving the Stock?

Fifth Third Bancorp (FITB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Fifth Third Bancorp (FITB) Rating Upgrade to Buy

Let's see if Fifth Third Bancorp (FITB) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

Should Value Investors Pick Fifth Third Bancorp (FITB) Stock?

CINCINNATI--(BUSINESS WIRE)-- #blackowned--Fifth Third Foundation Announces $1.2 million in grants for Black, woman-owned businesses through the Innovation Meets Main Street program.

Fifth Third Foundation Announces Recipients of $1.2 Million in Grants for Black, Woman-owned Businesses

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today announced that it has submitted a redemption notice to the trustee for redemption of all of the Bancorp's outstanding floating rate senior notes due June 4, 2021 (CUSIP 316773CW8) issued in the principal amount of $250 million. The Bancorp notes will be redeemed on May 5, 2021, pursuant to their terms and conditions for an amount equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the red

Fifth Third Bancorp Announces Redemption of Senior Bancorp Notes Due June 4, 2021 and of Senior Bank Notes due June 14, 2021

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will attend the RBC Capital Markets Global Financials Conference on March 10, 2021 at approximately 10:00 AM ET. Greg Carmichael, chairman and chief executive officer, will present on behalf of the Company and will be joined by Jamie Leonard, executive vice president and chief financial officer. Audio webcast and any presentation slides may be viewed live and for approximately 14 days after the conference through the Investor Relat

Fifth Third Bancorp to Attend the 2021 RBC Capital Markets Global Financials Conference

CINCINNATI--(BUSINESS WIRE)--New Fifth Third Momentum® Banking Offers Checking with No Monthly Fees and a Simple Digital Account Opening Experience

News for Fifth Third Bancorp Stock (FITB)