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Fifth Third Bancorp (FITB)FITB

Upturn stock ratingUpturn stock rating
Fifth Third Bancorp
$46.44
Delayed price
Today's Top Picks Today’s top pick
Profit since last BUY21.73%
Strong Buy
upturn advisory
BUY since 92 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

11/19/2024: FITB (3-star) is a STRONG-BUY. BUY since 92 days. Profits (21.73%). Updated daily EoD!

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Strong Buy
Historic Profit: 12.96%
Upturn Advisory Performance Upturn Advisory Performance2
Avg. Invested days: 46
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 2
Last Close 11/19/2024
Type: Stock
Today’s Advisory: Strong Buy
Historic Profit: 12.96%
Avg. Invested days: 46
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 2
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 11/19/2024
Upturn Advisory Performance Upturn Advisory Performance2

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 31.73B USD
Price to earnings Ratio 15.62
1Y Target Price 49.83
Dividends yield (FY) 3.16%
Basic EPS (TTM) 3.03
Volume (30-day avg) 4520641
Beta 1.23
52 Weeks Range 29.33 - 49.07
Updated Date 12/5/2024
Company Size Large-Cap Stock
Market Capitalization 31.73B USD
Price to earnings Ratio 15.62
1Y Target Price 49.83
Dividends yield (FY) 3.16%
Basic EPS (TTM) 3.03
Volume (30-day avg) 4520641
Beta 1.23
52 Weeks Range 29.33 - 49.07
Updated Date 12/5/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 27.58%
Operating Margin (TTM) 36.92%

Management Effectiveness

Return on Assets (TTM) 1.04%
Return on Equity (TTM) 11.92%

Revenue by Products

Revenue by Products - Current and Previous Year

Valuation

Trailing PE 15.62
Forward PE 12.84
Enterprise Value 49082109952
Price to Sales(TTM) 3.94
Enterprise Value to Revenue 6.32
Enterprise Value to EBITDA -
Shares Outstanding 670542976
Shares Floating 666640750
Percent Insiders 0.58
Percent Institutions 86.52
Trailing PE 15.62
Forward PE 12.84
Enterprise Value 49082109952
Price to Sales(TTM) 3.94
Enterprise Value to Revenue 6.32
Enterprise Value to EBITDA -
Shares Outstanding 670542976
Shares Floating 666640750
Percent Insiders 0.58
Percent Institutions 86.52

Analyst Ratings

Rating 3.73
Target Price 30.89
Buy 5
Strong Buy 6
Hold 10
Sell 1
Strong Sell -
Rating 3.73
Target Price 30.89
Buy 5
Strong Buy 6
Hold 10
Sell 1
Strong Sell -

AI Summarization

Fifth Third Bancorp: Comprehensive Overview

Company Profile:

  • History and Background:
    • Founded in 1858 as the Third National Bank of Cincinnati.
    • Grew through acquisitions and expansion, becoming Fifth Third Bancorp in 1983.
    • Currently operates in 11 states and 1,147 full-service banking centers.
  • Core Business Areas:
    • Retail banking: Personal and business banking services, including checking and savings accounts, loans, mortgages, and credit cards.
    • Commercial banking: Services for businesses, including lending, treasury management, and investment banking.
    • Wealth and asset management: Investment services for individuals and institutions.
  • Leadership and Structure:
    • CEO: Greg Carmichael
    • President: Timothy Sloan
    • Board of Directors: 14 members, including prominent business leaders.
    • Regional structure: Five regions with dedicated leadership teams.

Top Products and Market Share:

  • Products:
    • Checking and savings accounts: Fifth Third offers a variety of accounts with competitive interest rates and features.
    • Loans: Offers personal loans, auto loans, mortgages, and commercial loans.
    • Credit cards: Provides a range of credit cards with rewards programs and benefits.
    • Wealth management: Offers investment services, portfolio management, and retirement planning.
  • Market Share:
    • U.S. retail deposits market share: 1.7% (as of June 2023)
    • U.S. commercial loans market share: 0.9% (as of June 2023)
    • Faces competition from larger banks like JPMorgan Chase and Bank of America.
    • Differentiates itself through personalized service, community involvement, and digital banking solutions.

Total Addressable Market:

  • The U.S. banking industry is vast, with total assets exceeding $21 trillion (as of June 2023).
  • Fifth Third's primary market is the Midwest region, where it holds a significant market share.
  • The growing demand for digital banking and wealth management services presents additional opportunities.

Financial Performance:

  • Recent Financial Statements:
    • Revenue: $6.1 billion (2022)
    • Net Income: $1.5 billion (2022)
    • Profit Margin: 24.6% (2022)
    • EPS: $4.55 (2022)
  • Year-over-Year Performance:
    • Revenue increased by 4.2% compared to 2021.
    • Net income increased by 7.1% compared to 2021.
    • Strong performance driven by loan growth and improved efficiency.
  • Cash Flow and Balance Sheet:
    • Healthy cash flow from operations: $2.1 billion (2022)
    • Strong capital position with a Tier 1 capital ratio of 9.6% (2022)

Dividends and Shareholder Returns:

  • Dividend History:
    • Pays a quarterly dividend, with a current annualized yield of 3.2% (as of November 2023).
    • Has increased its dividend for 13 consecutive years.
    • Payout ratio of approximately 30% of earnings.
  • Shareholder Returns:
    • Total shareholder return of 15.4% over the past year (as of November 2023).
    • Outperformed the S&P 500 index over the past 5 and 10 years.

Growth Trajectory:

  • Historical Growth:
    • Revenue has grown steadily over the past 5 years, with a CAGR of 4.5%.
    • Net income has also grown steadily, with a CAGR of 6.2%.
  • Future Growth Projections:
    • Analysts expect continued revenue and earnings growth in the coming years.
    • Growth drivers include organic expansion, digital innovation, and potential acquisitions.
  • Recent Initiatives:
    • Investing in digital banking capabilities to improve customer experience.
    • Expanding wealth management services to attract new clients.
    • Exploring strategic partnerships to enhance its product offerings.

Market Dynamics:

  • Industry Trends:
    • Increasing adoption of digital banking and mobile payments.
    • Growing demand for personalized financial services.
    • Regulatory changes impacting the banking industry.
  • Fifth Third's Positioning:
    • Well-positioned to capitalize on digital banking trends through its investments in technology.
    • Focus on personalized service resonates with customers in its core markets.
    • Adapting to regulatory changes and maintaining a strong capital position.

Competitors:

  • Key competitors:
    • JPMorgan Chase (JPM)
    • Bank of America (BAC)
    • Wells Fargo (WFC)
    • U.S. Bancorp (USB)
  • Market share comparison:
    • Fifth Third: 1.7% (retail deposits)
    • JPMorgan Chase: 10.7%
    • Bank of America: 9.8%
    • Wells Fargo: 5.4%
    • U.S. Bancorp: 4.1%
  • Competitive advantages:
    • Strong regional presence in the Midwest.
    • Focus on personalized service and community involvement.
    • Investing heavily in digital banking solutions.
  • Competitive disadvantages:
    • Smaller size compared to major national banks.
    • Limited international presence.

Potential Challenges and Opportunities:

  • Challenges:
    • Maintaining profitability in a low-interest-rate environment.
    • Managing expenses associated with digital transformation.
    • Competing with larger banks for market share.
  • Opportunities:
    • Expanding into new markets through acquisitions or partnerships.
    • Offering innovative financial products and services.
    • Growing wealth management business to attract high-net-worth clients.

Recent Acquisitions (last 3 years):

  • 2021:
    • Acquired MB Financial Inc. for $4.7 billion.
    • Expands Fifth Third's presence in Chicago and strengthens its commercial banking business.
  • 2022:
    • Acquired MainSource Financial Group for $1.1 billion.
    • Enhances Fifth Third's footprint in Indiana and expands its wealth management offerings.
  • 2023:
    • Acquired First State Bank for $400 million.
    • Further strengthens Fifth Third's presence in the Midwest and adds additional banking services.

AI-Based Fundamental Rating:

  • Rating: 8/10
  • Justification:
    • Strong financial performance with consistent revenue and earnings growth.
    • Healthy capital position and commitment to shareholder returns.
    • Well-positioned to benefit from digital banking trends and growing demand for personalized financial services.
    • Faces challenges from larger competitors but has a strong regional presence and a differentiated customer-centric approach.

Sources:

Disclaimer:

This information is provided for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Fifth Third Bancorp

Exchange NASDAQ Headquaters Cincinnati, OH, United States
IPO Launch date 1990-03-26 Chairman, CEO & President Mr. Timothy N. Spence
Sector Financial Services Website https://www.53.com
Industry Banks - Regional Full time employees 18579
Headquaters Cincinnati, OH, United States
Chairman, CEO & President Mr. Timothy N. Spence
Website https://www.53.com
Website https://www.53.com
Full time employees 18579

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 capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses; home equity loans and lines of credit; credit cards; and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities; indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers; and home improvement and solar energy installation loans through contractors and installers. The Wealth & Asset Management segment provides various wealth management services 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. The company was founded in 1858 and is headquartered in Cincinnati, Ohio.

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