A Business at a Glance
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ITEM 1. BUSINESS General Information Fifth Third Bancorp (the “Bancorp” or “Fifth Third”), an Ohio corporation organized in 1975, is a bank holding company (“BHC”) as defined by the Bank Holding Company Act of 1956, as amended (the “BHCA”), and has elected to be treated as a financial holding company (“FHC”) under the Gramm-Leach-Bliley Act of 1999 (“GLBA”) and regulations of the Board of Governors of the Federal Reserve System (the “FRB”). The Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and is the indirect holding company of Fifth Third Bank, National Association (the “Bank”). As of December 31, 2025, Fifth Third had $214 billion in assets and operates 1,130 full-service Banking Centers and 2,199 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, South Carolina and Alabama.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 12.9B | 12.9B | 13.3B | 12.6B | 9.4B | 8.3B |
| Net Income | 2.4B | 2.4B | 2.2B | 2.2B | 2.3B | 2.7B |
| EPS | $3.53 | $3.53 | $3.14 | $3.22 | $3.35 | $3.73 |
| Free Cash Flow | 3.9B | 3.9B | 2.4B | 4.0B | 6.1B | 2.4B |
| ROIC | 6.7% | 6.9% | 6.3% | 6.2% | 7.5% | 7.8% |
| Gross Margin | 72.1% | 72.1% | 67.9% | 72.8% | 83.5% | 90.2% |
| Debt/Equity | 0.67 | 0.67 | 0.97 | 1.00 | 1.07 | 0.58 |
| Dividends/Share | $1.73 | $1.54 | $1.44 | $1.36 | $1.26 | $1.14 |
| Operating Income | 126M | 126M | 2.9B | 3.0B | 265M | 332M |
| Operating Margin | 1.0% | 1.0% | 22.0% | 23.6% | 2.8% | 4.0% |
| ROE | 10.9% | 11.5% | 11.0% | 11.5% | 13.4% | 12.0% |
| Shares Outstanding | 673M | 673M | 686M | 687M | 696M | 713M |
FIFTH THIRD BANCORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
FIFTH THIRD BANCORP trades at 14.1x trailing earnings, compared to its 15-year median P/E of 10.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 11.4x vs a median of 8.5x. The company's 5-year average ROIC is 6.9% with a gross margin of 77.3%. Total shareholder yield (dividends + buybacks) is 5.0%. At current prices, the estimated annualized return to fair value is +25.7%.
FIFTH THIRD BANCORP (FITB) has a current P/E ratio of 14.1, compared to its historical median P/E of 10.0. The stock is currently considered Expensive based on its historical valuation range.
FIFTH THIRD BANCORP (FITB) has a 5-year average return on invested capital (ROIC) of 6.9%. This is below average and may indicate limited pricing power.
FIFTH THIRD BANCORP (FITB) has a market capitalization of $33.5B. It is classified as a large-cap stock.
Yes, FIFTH THIRD BANCORP (FITB) pays a dividend with a trailing twelve-month yield of 3.47%. The company also returns capital through share buybacks, with a buyback yield of 1.56%.
Based on historical P/E analysis, FIFTH THIRD BANCORP (FITB) appears expensive. The current P/E of 14.1 is 41% above its historical median of 10.0. The estimated fair value CAGR (P/E method) is 3.3%.
FIFTH THIRD BANCORP (FITB) operates in the State Commercial Banks industry, within the Financials sector.
FIFTH THIRD BANCORP (FITB) reported annual revenue of $12.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
FIFTH THIRD BANCORP (FITB) has a net profit margin of 18.4%. This is a healthy margin.
FIFTH THIRD BANCORP (FITB) generated $3.9 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FIFTH THIRD BANCORP (FITB) has a debt-to-equity ratio of 0.67. This indicates moderate leverage.
FIFTH THIRD BANCORP (FITB) reported earnings per share (EPS) of $3.53 in its most recent fiscal year.
FIFTH THIRD BANCORP (FITB) has a return on equity (ROE) of 11.5%. This indicates moderate shareholder returns.
FIFTH THIRD BANCORP (FITB) has a 5-year average gross margin of 77.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for FIFTH THIRD BANCORP (FITB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FIFTH THIRD BANCORP (FITB) has a book value per share of $32.28, based on its most recent annual SEC filing.