Fifth Third Bancorp (FITB)
| Market Cap | 26.27B |
| Revenue (ttm) | 8.15B |
| Net Income (ttm) | 2.16B |
| Shares Out | 684.05M |
| EPS (ttm) | 3.15 |
| PE Ratio | 12.24 |
| Forward PE | 11.54 |
| Dividend | $1.40 (3.65%) |
| Ex-Dividend Date | Mar 27, 2024 |
| Volume | 537,864 |
| Open | 38.50 |
| Previous Close | 38.56 |
| Day's Range | 38.29 - 38.62 |
| 52-Week Range | 22.49 - 39.14 |
| Beta | 1.26 |
| Analysts | Buy |
| Price Target | 38.17 (-0.56%) |
| Earnings Date | Apr 19, 2024 |
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, FITB's revenue was $8.19 billion, an increase of 4.88% compared to the previous year's $7.81 billion. Earnings were $2.21 billion, a decrease of -5.06%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for FITB stock is "Buy." The 12-month stock price forecast is $38.17, which is a decrease of -0.56% from the latest price.
News
Fifth Third Launches New Payables Solution to Solve Clients' Jobs to Be Done
CINCINNATI--(BUSINESS WIRE)--Fifth Third (NASDAQ:FITB) and Bottomline announced the launch of Enhanced Payables powered by Bottomline and its business payments network, Paymode-X. The solution combine...
Fifth Third's Financial Empowerment Mobile Begins New Season of Supporting Communities with SpringFour's Financial Health Resources and Reimagined Experience
CINCINNATI--(BUSINESS WIRE)--Fifth Third's Financial Empowerment Mobile, commonly known as the eBus, brings financial access and education directly into communities, especially underserved areas. For ...
Fifth Third Recognized as a Best Adoption-Friendly Workplace by Dave Thomas Foundation for Adoption
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank is proud to announce it has been named to the Dave Thomas Foundation for Adoption list of 100 Best Adoption-Friendly Workplaces. This recognition highligh...
Fighting Food Insecurity and Supporting Communities Focus of “Fifth Third Day”
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank's nearly 20,000 employees will celebrate “Fifth Third Day XXXIII” by volunteering and donating to fight food insecurity in the communities where they live...
Fifth Third Joins Mastercard's Priceless Planet Coalition
CINCINNATI--(BUSINESS WIRE)--As part of its commitment to combat climate change and in celebration of Earth Day 2024, Fifth Third Bank today announced it has joined Mastercard's Priceless Planet Coali...
Fifth Third Bancorp's quarterly profit falls on lower interest income
Fifth Third Bancorp posted a 10% drop in first-quarter profit on Friday as higher deposit costs weighed on the lender's interest income.
Fifth Third Bancorp Reports First Quarter 2024 Diluted Earnings Per Share of $0.70
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income st...
Fifth Third Bancorp Announces Preliminary Results of Annual Shareholders Meeting
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors we...
Fifth Third and UNC Kenan Institute Launch “Empowering American Cities” Initiative
CINCINNATI--(BUSINESS WIRE)--Fifth Third (NASDAQ: FITB) today announced the launch of Empowering American Cities, the outcome of a collaborative relationship with the Kenan Institute of Private Enterp...
Fifth Third Wealth Advisors Surpasses $1 Billion in Assets Under Management
CINCINNATI--(BUSINESS WIRE)--In less than 18 months since announcing its launch, Fifth Third Bank's independent Registered Investment Advisor, Fifth Third Wealth Advisors, has exceeded $1 billion in a...
J.D. Power Names Fifth Third Bank No. 1 for Retail Banking Experience in Florida
CINCINNATI--(BUSINESS WIRE)--J.D. Power today named Fifth Third Bank No. 1 for Retail Banking Customer Satisfaction in Florida as part of its 2024 U.S. Retail Banking Satisfaction StudySM. The Study a...
Fifth Third Bank Recognized Among 2024 Top Workplaces USA
CINCINNATI--(BUSINESS WIRE)--For the third consecutive year, Fifth Third Bank has earned a Top Workplaces USA award. The Top Workplaces program has a 15-year history of surveying more than 20 million ...
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 share...
The banking system is very sound: Fifth Third Bank CEO one year after Silicon Valley Bank's collapse
Tim Spence, Fifth Third Bank CEO, joins 'Closing Bell Overtime' to talk the state of regional banks one year after the collapse of SIlicon Valley Bank.
Fifth Third named one of the World's Most Ethical Companies® by Ethisphere for the fifth time
CINCINNATI--(BUSINESS WIRE)--Fifth Third is proud to announce it has been named to the 2024 World's Most Ethical Companies® list by Ethisphere, a global leader in defining and advancing the standards ...
Regional bank stocks dragged down by NYCB, led by banks with exposure to New York City real estate
Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of ”material weaknesses” in its acc...
New $1.1 Million Investment from Fifth Third Foundation Advances NMSDC Centers of Excellence Certificate Program
NEW YORK--(BUSINESS WIRE)--The National Minority Supplier Development Council (NMSDC) and Fifth Third today announce the continuance of NMSDC's innovative Centers of Excellence Certificate Program (CO...
Fifth Third Bancorp to Participate in the RBC Capital Markets Financial Institutions Conference
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 RBC Capital Markets Financial Institutions Conference on March 6, 2024, at approximately 8:00 AM ET. Tim Sp...
Fifth Third Opens Tampa, FL-based Fifth Third Wealth Advisors Office
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank today announced the opening of its Tampa, FL-based Fifth Third Wealth Advisors office. “Our adviser teams have the opportunity to take advantage of our fl...
Fifth Third Named One of America's Most JUST Companies by JUST Capital and CNBC
CINCINNATI--(BUSINESS WIRE)--For a second consecutive year, Fifth Third was named to the JUST 100 list, part of JUST Capital and CNBC's 2024 Rankings of America's Most JUST Companies. Fifth Third was ...
Fifth Third named one of the World's Most Admired Companies by Fortune Magazine
CINCINNATI--(BUSINESS WIRE)--Fifth Third is proud to announce it has been named to Fortune's 2024 list of the World's Most Admired CompaniesTM. This accolade is based on feedback from executives, dire...
US banks warn costly deposits to weaken interest income in 2024
Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high deposit costs.
Fifth Third Reports Fourth Quarter 2023 Diluted Earnings Per Share of $0.72
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items ...
For Fifth Consecutive Year, Fifth Third Private Bank Recognized as Best Private Bank
CINCINNATI--(BUSINESS WIRE)--Fifth Third Private Bank, a division of Fifth Third Bank, National Association, was named for the fifth consecutive year as a Best Private Bank (US, Regional). In addition...
Banks will have to navigate a fair amount of uncertainty next year, says Fifth Third Bank CEO
Timothy Spence, Fifth Third Bank CEO, joins 'Squawk on the Street' to discuss how Spence is considering the range of outcomes for rates and inflation next year, Fifth Third's customer behavior, and ho...