A Business at a Glance
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FIFTH THIRD BANCORP
FITB
$38.6B
Mkt Cap
$57.41
+0.45%
FIFTH THIRD BANCORP (FITB) has a current P/E ratio of 16.3, 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 6.8%. This is below average and may indicate limited pricing power.
FIFTH THIRD BANCORP (FITB) has a market capitalization of $52.0B. It is classified as a large-cap stock.
Yes, FIFTH THIRD BANCORP (FITB) pays a dividend with a trailing twelve-month yield of 2.26%. The company also returns capital through share buybacks, with a buyback yield of 0.58%.
Based on historical P/E analysis, FIFTH THIRD BANCORP (FITB) appears expensive. The current P/E of 16.3 is 63% above its historical median of 10.0. The estimated fair value CAGR (P/E method) is 3.4%.
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 is a diversified financial services bank holding company headquartered in Cincinnati, Ohio, operating three main business segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The company operates 1,130 full-service banking centers and 2,199 branded ATMs across twelve states (Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, South Carolina, and Alabama), providing a comprehensive range of products including checking and savings accounts, wealth management solutions, payments and commerce services, securities products, insurance services, and credit products such as commercial loans, mortgages, credit cards, and installment loans. Fifth Third's trust and registered investment advisory businesses manage approximately $690 billion in total assets under care and $80 billion in assets for individuals, corporations, and not-for-profit organizations, generating recurring fee income streams. The company's distribution model spans multiple channels including banking centers, telephone sales, internet, and mobile applications, with a particular focus on de novo branch expansion in high-growth markets like the Southeast and Texas, where recent branches are generating over $25 million in deposits within twelve months of opening. Fifth Third competes with traditional banking institutions as well as securities dealers, brokers, mortgage bankers, investment advisors, fintech companies, and specialty finance providers across geographic boundaries, with competitive differentiation driven by technology, product delivery systems, and scale benefits from recent acquisitions.
【Integration execution and revenue synergies】 Management is prioritizing successful integration of the Comerica acquisition, which closed on February 1, 2026, with systems conversion anticipated around the end of the third quarter and $850 million in annualized expense synergies targeted by year-end. Early revenue synergies are materializing, with both wealth and commercial payments now generating fee income at run rates necessary to deliver $1 billion each in annualized non-interest income, and the company expects continued revenue growth in commercial payments, capital markets, and wealth and asset management throughout 2026. The company is executing accelerated de novo branch expansion in Texas, with 81 letters of intent in place or in progress for 150 targeted branches, and expects to open the first Fifth Third-branded branches in Dallas and Fresno in the near term, positioning the combined company to grow Texas households at more than 10% on an annualized basis. Management remains focused on maintaining disciplined operating performance and delivering on financial commitments despite macroeconomic uncertainty, including potential impacts from geopolitical events and evolving rate environments, while continuing to invest in core business capabilities and technology to support long-term organic growth and shareholder value creation.
| Metric | Target | Period |
|---|---|---|
| Net Interest Income | $8.7 billion–$8.8 billion | Full-year 2026 |
| Average Total Loans | Mid-$170 billion range | Full-year 2026 |
| Non-Interest Income | $4.0 billion–$4.2 billion | Full-year 2026 |
| Non-Interest Expense | $7.2 billion–$7.3 billion | Full-year 2026 |
| Net Charge-Offs | 30–40 basis points | Full-year 2026 |
| CET1 Operating Target | 10%–10.5% | 2026 |
| Q2 2026 Net Interest Income | $2.2 billion–$2.25 billion | Second quarter 2026 |
| Q2 2026 Non-Interest Income | $1.0 billion–$1.06 billion | Second quarter 2026 |
| Q2 2026 Non-Interest Expense | $1.87 billion–$1.89 billion | Second quarter 2026 |
| Q2 2026 Net Charge-Offs | 30–35 basis points | Second quarter 2026 |
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 9.7B | 12.9B | 13.3B | 12.6B | 9.4B | 8.3B |
| Net Income | 2.0B | 2.4B | 2.2B | 2.2B | 2.3B | 2.7B |
| EPS | $3.00 | $3.53 | $3.14 | $3.22 | $3.35 | $3.73 |
| Free Cash Flow | 1.6B | 3.9B | 2.4B | 4.0B | 6.1B | 2.4B |
| ROIC | 3.8% | 6.9% | 6.2% | 6.6% | 7.2% | 7.4% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.59 | 0.67 | 0.97 | 0.96 | 0.91 | 0.62 |
| Dividends/Share | $1.30 | $1.54 | $1.44 | $1.36 | $1.26 | $1.14 |
| Operating Income | 139M | 126M | 2.9B | 3.0B | 149M | 332M |
| Operating Margin | 1.4% | 1.0% | 22.0% | 23.6% | 1.6% | 4.0% |
| ROE | 5.9% | 11.5% | 11.1% | 12.1% | 11.8% | 11.7% |
| Shares Outstanding | 906M | 673M | 686M | 687M | 696M | 713M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 6.5B | 7.0B | 6.9B | 7.7B | 8.0B | 9.8B | 8.4B | 8.3B | 9.4B | 12.6B | 13.3B | 12.9B | 9.7B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.4B | 1.5B | 1.6B | 1.6B | 2.1B | 2.4B | 2.6B | 2.6B | 2.6B | 2.7B | 2.8B | 2.8B | 3.5B |
| EBIT | 450M | 979M | 688M | 1.4B | 803M | 1.1B | 211M | 332M | 149M | 3.0B | 2.9B | 126M | 139M |
| Op. Margin | 6.9% | 13.9% | 10.0% | 17.6% | 10.1% | 10.9% | 2.5% | 4.0% | 1.6% | 23.6% | 22.0% | 1.0% | 1.4% |
| Net Income | 1.4B | 1.6B | 1.5B | 2.1B | 2.1B | 2.4B | 1.3B | 2.7B | 2.3B | 2.2B | 2.2B | 2.4B | 2.0B |
| Net Margin | 21.7% | 23.3% | 21.4% | 27.3% | 26.6% | 24.7% | 15.7% | 31.9% | 24.9% | 17.5% | 16.2% | 18.4% | 20.9% |
| Non-Recurring | 629M | 340M | 281M | 266M | 67M | 126M | 26M | 10M | -6.0M | 7.0M | 21M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 5.2% | 5.3% | 4.7% | 6.8% | 6.9% | 7.2% | 3.6% | 7.4% | 7.2% | 6.6% | 6.2% | 6.9% | 3.8% |
| ROE | 9.4% | 10.4% | 9.2% | 13.0% | 13.1% | 12.9% | 6.0% | 11.7% | 11.8% | 12.1% | 11.1% | 11.5% | 5.9% |
| ROA | 1.1% | 1.2% | 1.0% | 1.5% | 1.5% | 1.5% | 0.7% | 1.3% | 1.1% | 1.0% | 1.0% | 1.1% | 0.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 2.1B | 2.4B | 2.1B | 1.5B | 2.9B | 1.8B | 371M | 2.7B | 6.4B | 4.5B | 2.8B | 4.5B | 2.2B |
| Free Cash Flow | 1.8B | 2.2B | 1.8B | 1.2B | 2.6B | 1.6B | 66M | 2.4B | 6.1B | 4.0B | 2.4B | 3.9B | 1.6B |
| Owner Earnings | 1.7B | 2.1B | 1.7B | 1.1B | 2.7B | 1.5B | 67M | 2.4B | 6.1B | 4.2B | 2.5B | 4.3B | -2.1B |
| CapEx | 282M | 249M | 312M | 231M | 250M | 243M | 305M | 309M | 348M | 491M | 414M | 584M | 613M |
| Maint. CapEx | 254M | 256M | 242M | 234M | 78M | 176M | 181M | 171M | 169M | 153M | 116M | 94M | 4.0B |
| Growth CapEx | 28M | 0 | 70M | 0 | 172M | 67M | 124M | 138M | 179M | 338M | 298M | 490M | 0 |
| D&A | 254M | 256M | 242M | 234M | 78M | 176M | 181M | 171M | 169M | 153M | 116M | 94M | 4.0B |
| CapEx/OCF | 13.6% | 10.3% | 14.8% | 15.6% | 6.7% | 13.3% | 82.2% | 11.4% | 5.4% | 10.9% | 14.7% | 12.9% | 28.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 423M | 422M | 402M | 430M | 467M | 660M | 858M | 897M | 927M | 1.1B | 1.2B | 1.2B | 1.2B |
| Dividend Yield | 3.5% | 3.8% | 3.8% | 2.9% | 3.0% | 4.3% | 6.6% | 3.9% | 4.0% | 6.0% | 4.6% | 4.2% | 2.3% |
| Share Buybacks | 654M | 850M | 661M | 1.6B | 1.5B | 1.8B | 0 | 1.4B | 100M | 200M | 625M | 525M | 300M |
| Buyback Yield | 5.5% | 7.3% | 4.3% | 9.4% | 11.8% | 10.0% | N/A | 5.3% | 0.5% | 0.9% | 2.2% | 1.6% | 0.6% |
| Stock-Based Comp | 83M | 100M | 111M | 118M | 127M | 132M | 123M | 120M | 165M | 169M | 164M | 163M | 235M |
| Debt Repayment | 1.4B | 2.2B | 5.1B | 2.0B | 2.9B | 4.2B | 2.8B | 3.6B | 1.8B | 1.7B | 5.3B | 2.0B | 2.0B |
| Balance Sheet | |||||||||||||
| Net Debt | 7.9B | 13.7B | 11.8B | 11.8B | 12.0B | -22.2B | -19.6B | -23.8B | 3.9B | -6.7B | -1.1B | -7.9B | -1.5B |
| Cash & Equiv. | 3.1B | 2.5B | 2.4B | 2.5B | 2.7B | 3.3B | 3.1B | 3.0B | 3.5B | 3.1B | 3.0B | 3.5B | 21.5B |
| Long-Term Debt | 15.0B | 15.8B | 14.4B | 14.9B | 14.4B | 15.0B | 15.0B | 11.8B | 13.7B | 16.4B | 14.3B | 13.6B | 18.8B |
| Debt/Equity | 1.21 | 1.19 | 1.05 | 1.05 | 1.01 | 0.81 | 0.73 | 0.62 | 0.91 | 0.96 | 0.97 | 0.67 | 0.59 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.9 |
| Equity | 15.6B | 15.8B | 16.2B | 16.2B | 16.3B | 21.2B | 23.1B | 22.2B | 17.3B | 19.2B | 19.6B | 21.7B | 34.1B |
| Total Assets | 138.7B | 141.0B | 142.1B | 142.1B | 146.1B | 169.4B | 204.7B | 211.1B | 207.5B | 214.6B | 212.9B | 214.4B | 297.0B |
| Total Liabilities | 123.0B | 125.2B | 125.9B | 125.9B | 129.8B | 148.2B | 181.6B | 188.9B | 190.1B | 195.4B | 193.3B | 192.7B | 262.9B |
| Intangibles | 15M | 12M | 9.0M | 27M | 40M | 201M | 139M | 156M | 169M | 125M | 90M | 69M | 1.2B |
| Retained Earnings | 11.1B | 12.4B | 13.4B | 15.0B | 16.6B | 18.3B | 18.4B | 20.2B | 21.7B | 23.0B | 24.1B | 25.5B | 25.2B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.66 | 2.01 | 1.91 | 2.81 | 3.06 | 3.33 | 1.83 | 3.73 | 3.35 | 3.22 | 3.14 | 3.53 | 3.00 |
| Owner EPS | 2.04 | 2.53 | 2.26 | 1.51 | 3.83 | 2.09 | 0.09 | 3.38 | 8.76 | 6.10 | 3.71 | 6.32 | -2.28 |
| Book Value | 18.34 | 19.45 | 21.03 | 21.63 | 23.48 | 29.19 | 31.97 | 31.16 | 24.91 | 27.91 | 28.62 | 32.28 | 37.65 |
| Cash Flow/Share | 2.44 | 2.97 | 2.71 | 1.98 | 4.13 | 2.51 | 0.51 | 3.79 | 9.24 | 6.56 | 4.11 | 6.71 | 6.66 |
| Dividends/Share | 0.51 | 0.52 | 0.53 | 0.60 | 0.74 | 0.94 | 1.08 | 1.14 | 1.26 | 1.36 | 1.44 | 1.54 | 1.30 |
| Shares Out. | 851.8M | 814.4M | 770.7M | 749.1M | 692.2M | 726.4M | 723.0M | 712.9M | 695.5M | 687.0M | 686.3M | 673.1M | 905.8M |
| Valuation | |||||||||||||
| P/E Ratio | 8.5 | 7.1 | 10.2 | 8.1 | 5.8 | 7.3 | 12.4 | 10.0 | 8.6 | 10.0 | 13.1 | 13.6 | 19.1 |
| P/FCF | 6.7 | 5.4 | 8.6 | 13.6 | 4.7 | 11.1 | 248.0 | 11.1 | 3.3 | 5.5 | 11.7 | 8.2 | 33.3 |
| EV/EBIT | 41.0 | 24.3 | 40.7 | 22.6 | 25.7 | 26.6 | N/A | 5.2 | 100.7 | 2.8 | 4.2 | 194.0 | 363.3 |
| Price/Book | 0.8 | 0.7 | 0.9 | 1.0 | 0.8 | 0.8 | 0.7 | 1.2 | 1.2 | 1.2 | 1.4 | 1.5 | 1.5 |
| Price/Sales | 2.0 | 1.7 | 1.7 | 2.1 | 2.2 | 1.9 | 1.7 | 2.9 | 2.7 | 2.0 | 3.0 | 3.1 | 5.4 |
| FCF Yield | 15.0% | 18.6% | 11.7% | 7.3% | 21.2% | 9.0% | 0.4% | 9.0% | 30.5% | 18.1% | 8.6% | 12.2% | 3.0% |
| Market Cap | 12.0B | 11.7B | 15.2B | 17.0B | 12.3B | 17.5B | 16.4B | 26.5B | 19.9B | 22.2B | 28.2B | 32.3B | 52.0B |
| Avg. Price | 14.09 | 13.76 | 13.85 | 19.56 | 22.43 | 21.34 | 17.89 | 32.61 | 33.07 | 25.65 | 37.06 | 40.95 | 57.41 |
| Year-End Price | 14.06 | 14.33 | 19.75 | 22.70 | 17.79 | 24.15 | 22.64 | 37.15 | 28.67 | 32.36 | 41.03 | 48.00 | 57.41 |
FIFTH THIRD BANCORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
FIFTH THIRD BANCORP trades at 16.3x 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 13.2x vs a median of 8.6x. The company's 5-year average ROIC is 6.8%. Total shareholder yield (dividends + buybacks) is 2.8%. At current prices, the estimated annualized return to fair value is +26.8%.
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.
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.
Based on recent SEC filings and earnings disclosures, Management is prioritizing successful integration of the Comerica acquisition, which closed on February 1, 2026, with systems conversion anticipated around the end of the third quarter and $850 million in annualized expense synergies targeted by year-end. Early revenue synergies are materializing, with both wealth and commercial payments now generating fee income at run rates necessary to deliver $1 billion each in annualized non-interest income, and the company expects continued revenue growth in commercial payments, capital markets, and wealth and asset management throughout 2026. The company is executing accelerated de novo branch expansion in Texas, with 81 letters of intent in place or in progress for 150 targeted branches, and expects to open the first Fifth Third-branded branches in Dallas and Fresno in the near term, positioning the combined company to grow Texas households at more than 10% on an annualized basis. Management remains focused on maintaining disciplined operating performance and delivering on financial commitments despite macroeconomic uncertainty, including potential impacts from geopolitical events and evolving rate environments, while continuing to invest in core business capabilities and technology to support long-term organic growth and shareholder value creation.
Based on recent SEC filings and earnings calls, FIFTH THIRD BANCORP (FITB) has provided the following forward guidance: Net Interest Income: $8.7 billion–$8.8 billion (Full-year 2026); Average Total Loans: Mid-$170 billion range (Full-year 2026); Non-Interest Income: $4.0 billion–$4.2 billion (Full-year 2026); Non-Interest Expense: $7.2 billion–$7.3 billion (Full-year 2026); Net Charge-Offs: 30–40 basis points (Full-year 2026), plus 5 additional metrics.
Net Interest Income (Full-year 2026): “Given the updated rate outlook and our more asset-sensitive balance sheet, we are updating our full-year NII outlook to a range between $8.7 billion and $8.8 billion.”
Average Total Loans (Full-year 2026): “Our outlook for full-year average total loans remains in the mid-$170 billion range.”
Non-Interest Income (Full-year 2026): “Full-year non-interest income is expected to be between $4.0 billion and $4.2 billion, reflecting continued revenue growth in commercial payments, capital markets, and wealth and asset management.”
Non-Interest Expense (Full-year 2026): “Full-year non-interest expense is expected to be $7.2 billion-$7.3 billion, including the impact of $210 million of CDI amortization, and $360 million of net expense synergies in 2026.”
Net Charge-Offs (Full-year 2026): “For credit, we expect full-year net charge-offs between 30 and 40 basis points.”
CET1 Operating Target (2026): “With the release of the proposed capital rule, we are updating our CET1 operating target to a range of 10%-10.5%.”
Q2 2026 Net Interest Income (Second quarter 2026): “NII is projected to be $2.2 billion-$2.25 billion, with NIM expanding another three to five basis points.”
Q2 2026 Non-Interest Income (Second quarter 2026): “Non-interest income is expected to be $1 billion-$1.06 billion, and non-interest expense is expected to be $1.87 billion-$1.89 billion.”