Fifth Third Bancorp (FITB) 10-Year Financial Performance & Capital Metrics

FITB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutFifth Third Bancorp operates as a diversified financial services company in the United States. The company's 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. Its Branch Banking segment provides a range of deposit and loan products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services for small businesses. The company's Consumer Lending segment engages in direct lending activities that include origination, retention, and servicing of residential mortgage and home equity loans or lines of credit; and indirect lending activities, including loans to consumers through correspondent lenders and automobile dealers. Fifth Third Bancorp's Wealth & Asset Management segment provides various investment alternatives 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. As of December 31, 2021, the company operated 1,117 full-service banking centers and 2,322 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.Show more

Net Interest Income $5.63B -3.4%
Total Revenue $13.05B +5.6%
Net Income $2.31B -1.5%
Return on Equity 11.92% -7.4%
Net Interest Margin 2.64% -2.6%
Efficiency Ratio 36.84% -7.5%
ROA 1.08% -2.7%
Equity / Assets 9.23% +3.3%
Book Value per Share 28.58 +2.5%
Tangible BV/Share 18.82 +4.4%
Debt/Equity 0.97 -4.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 36.8% efficiency ratio
✓15 consecutive years of dividend growth
✓Healthy dividend yield of 3.5%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.96%

5Y8.64%

3Y17.98%

TTM-

Profit (Net Income) CAGR

10Y4.56%

5Y-1.63%

3Y-5.82%

TTM8.45%

EPS CAGR

10Y6.58%

5Y-1.17%

3Y-5.58%

TTM11.3%

ROCE

10Y Avg7.41%

5Y Avg6.91%

3Y Avg7.35%

Latest6.97%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	3.53B	3.62B	3.8B	4.14B	4.8B	4.78B	4.77B	5.61B	5.83B	5.63B
NII Growth %	-0.01%	0.02%	0.05%	0.09%	0.16%	-0%	-0%	0.18%	0.04%	-0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	4.03B	4.19B	4.49B	5.18B	6.25B	5.57B	5.21B	6.59B	9.76B	10.43B
Interest Expense	495M	578M	691M	1.04B	1.46B	790M	441M	978M	3.93B	4.8B
Loan Loss Provision	396M	343M	261M	207M	471M	1.1B	-377M	563M	515M	530M
Non-Interest Income+	2.36B	2.04B	1.85B	1.96B	2.37B	2.46B	2.74B	2.49B	2.6B	2.62B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	6.39B	6.24B	6.34B	7.14B	8.62B	8.03B	7.95B	9.08B	12.36B	13.05B
Revenue Growth %	0.05%	-0.02%	0.02%	0.13%	0.21%	-0.07%	-0.01%	0.14%	0.36%	0.06%
Non-Interest Expense	3.13B	3.11B	2.41B	3.13B	3.49B	4.35B	4.37B	4.45B	4.92B	4.81B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	2.37B	2.21B	2.98B	2.77B	3.2B	1.8B	3.52B	3.09B	2.99B	2.92B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.17%	-0.07%	0.35%	-0.07%	0.16%	-0.44%	0.96%	-0.12%	-0.03%	-0.02%
Pretax Income+	2.37B	2.21B	2.98B	2.77B	3.2B	1.8B	3.52B	3.09B	2.99B	2.92B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	659M	665M	799M	572M	690M	370M	747M	647M	639M	602M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.71B	1.55B	2.18B	2.19B	2.51B	1.43B	2.77B	2.45B	2.35B	2.31B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.16%	-0.1%	0.41%	0.01%	0.15%	-0.43%	0.94%	-0.12%	-0.04%	-0.01%
Net Income (Continuing)	1.71B	1.54B	2.18B	2.19B	2.51B	1.43B	2.77B	2.45B	2.35B	2.31B
EPS (Diluted)+	2.01	1.93	2.83	3.06	3.33	1.83	3.73	3.35	3.22	3.14
EPS Growth %	0.21%	-0.04%	0.47%	0.08%	0.09%	-0.45%	1.04%	-0.1%	-0.04%	-0.02%
EPS (Basic)	2.03	1.95	2.88	3.11	3.38	1.84	3.78	3.38	3.23	3.16
Diluted Shares Outstanding	807.66M	764.43M	740.69M	685.49M	720.07M	719.74M	711.2M	694.95M	687.68M	687.3M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	2.54B	2.39B	2.51B	2.68B	3.28B	3.15B	2.99B	3.47B	3.14B	3.01B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	123.56B	124.15B	124.05B	128.68B	147.81B	183.69B	189.01B	182.23B	190.12B	187.41B
Investments Growth %	0.03%	0%	-0%	0.04%	0.15%	0.24%	0.03%	-0.04%	0.04%	-0.01%
Long-Term Investments	92.44B	90.82B	90.16B	94.58B	110.39B	113.3B	116.85B	123.25B	118.34B	131.48B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	2.42B	2.42B	2.44B	2.48B	4.25B	4.26B	4.51B	4.92B	4.92B	4.92B
Intangible Assets	797M	753M	885M	978M	1.19B	795M	1.28B	1.92B	1.86B	1.79B
PP&E (Net)	2.95B	2.8B	2.65B	2.38B	3.32B	3.29B	3.16B	3.32B	3.32B	3.32B
Other Assets	2.9B	2.94B	3.08B	2.74B	2.99B	3.4B	3.39B	3.68B	4.04B	4.38B
Total Current Assets	39.54B	42.44B	42.86B	42.92B	47.23B	79.64B	81.91B	68.82B	80.66B	65.61B
Total Non-Current Assets	101.51B	99.74B	99.22B	103.15B	122.14B	125.04B	129.2B	138.63B	133.92B	147.32B
Total Assets+	141.05B	142.18B	142.08B	146.07B	169.37B	204.68B	211.12B	207.45B	214.57B	212.93B
Asset Growth %	0.02%	0.01%	-0%	0.03%	0.16%	0.21%	0.03%	-0.02%	0.03%	-0.01%
Return on Assets (ROA)	0.01%	0.01%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	16.89B	17.68B	18.75B	16.65B	15.7B	15.99B	12.65B	18.61B	19.43B	18.97B
Net Debt	14.35B	15.29B	16.23B	13.97B	12.42B	12.84B	9.65B	15.14B	16.29B	15.96B
Long-Term Debt	15.81B	14.39B	14.9B	14.43B	14.97B	14.97B	11.82B	13.71B	16.38B	14.34B
Short-Term Debt	1.08B	3.29B	3.85B	2.23B	729M	1.02B	825M	4.89B	3.05B	4.63B
Other Liabilities	2.92B	2.64B	2.48B	2.77B	2.96B	6.5B	6.94B	7.83B	7.06B	7.06B
Total Current Liabilities	106.44B	108.91B	108.47B	112.62B	130.23B	160.1B	170.15B	168.58B	171.96B	171.89B
Total Non-Current Liabilities	18.73B	17.03B	17.39B	17.2B	17.93B	21.47B	18.76B	21.54B	23.44B	21.39B
Total Liabilities	125.18B	125.94B	125.86B	129.82B	148.17B	181.57B	188.91B	190.13B	195.4B	193.28B
Total Equity+	15.87B	16.23B	16.22B	16.25B	21.2B	23.11B	22.21B	17.33B	19.17B	19.64B
Equity Growth %	0.01%	0.02%	-0%	0%	0.3%	0.09%	-0.04%	-0.22%	0.11%	0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.1%	0.13%	0.14%	0.13%	0.06%	0.12%	0.12%	0.13%	0.12%
Book Value per Share	19.65	21.23	21.90	23.71	29.45	32.11	31.23	24.93	27.88	28.58
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	2.05B	2.05B	2.05B	2.05B	2.05B	2.05B	2.05B	2.05B	2.05B	2.05B
Additional Paid-in Capital	2.67B	2.76B	2.79B	2.87B	3.6B	3.63B	3.62B	3.68B	3.76B	3.8B
Retained Earnings	12.36B	13.44B	14.96B	16.58B	18.32B	18.38B	20.24B	21.69B	23B	24.15B
Accumulated OCI	197M	59M	73M	-112M	1.19B	2.6B	1.21B	-5.11B	-4.49B	-4.64B
Treasury Stock	-2.76B	-3.43B	-5B	-6.47B	-5.72B	-5.68B	-7.02B	-7.1B	-7.26B	-7.84B
Preferred Stock	1.33B	1.33B	1.33B	1.33B	1.77B	2.12B	2.12B	2.12B	2.12B	2.12B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.42B	2.09B	1.48B	2.86B	1.82B	371M	2.7B	6.43B	4.51B	2.82B
Operating CF Growth %	0.16%	-0.14%	-0.29%	0.93%	-0.36%	-0.8%	6.29%	1.38%	-0.3%	-0.37%
Net Income	1.71B	1.54B	2.18B	2.19B	2.51B	1.43B	2.77B	2.45B	2.35B	2.31B
Depreciation & Amortization	441M	453M	341M	360M	472M	492M	349M	436M	462M	495M
Deferred Taxes	-71M	-141M	-252M	30M	-246M	-162M	-14M	-60M	-106M	72M
Other Non-Cash Items	46M	-57M	-327M	-481M	-897M	-1.01B	-282M	3.23B	1.27B	337M
Working Capital Changes	196M	182M	-580M	627M	-149M	-494M	-239M	210M	360M	-558M
Cash from Investing+	-3.93B	-2.86B	428M	-4.14B	-797M	-31.9B	-7.97B	-4.87B	-9.49B	1.04B
Purchase of Investments	-26.73B	-24.72B	-15.29B	-16.21B	-14.57B	-36.71B	-12.88B	-29.71B	-19.98B	-7.13B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-219M	-44M	-43M	1.21B	-4M	-297M	-851M	0	6M
Other Investing	-2.46B	222M	-337M	-3.51B	-1.06B	-286M	-3.74B	-9B	3.86B	-2.99B
Cash from Financing+	962M	625M	-1.79B	1.45B	-430M	31.4B	5.11B	-1.08B	4.66B	-3.99B
Dividends Paid	-497M	-454M	-505M	-565M	-753M	-858M	-897M	-927M	-1.06B	-1.18B
Share Repurchases	-850M	-661M	-1.6B	-1.45B	-1.76B	0	-1.39B	-100M	-200M	-625M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	1.47B	1.1B	-674M	5.6B	3.68B	31.97B	10.63B	-6.62B	5.09B	-1.76B
Net Change in Cash+	-551M	-148M	122M	167M	597M	-131M	-153M	472M	-324M	-128M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	3.09B	2.54B	2.39B	2.51B	2.68B	3.28B	3.15B	2.99B	3.47B	3.14B
Cash at End	2.54B	2.39B	2.51B	2.68B	3.28B	3.15B	2.99B	3.47B	3.14B	3.01B
Interest Paid	0	0	0	0	0	825M	465M	869M	3.78B	4.87B
Income Taxes Paid	0	0	0	0	0	491M	607M	272M	655M	195M
Free Cash Flow+	2.17B	1.78B	1.25B	2.66B	1.52B	13M	2.4B	5.74B	3.99B	2.41B
FCF Growth %	0.21%	-0.18%	-0.3%	1.13%	-0.43%	-0.99%	183.23%	1.4%	-0.3%	-0.4%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.86%	9.64%	13.44%	13.51%	13.41%	6.44%	12.22%	12.37%	12.87%	11.92%
Return on Assets (ROA)	1.22%	1.09%	1.53%	1.52%	1.59%	0.76%	1.33%	1.17%	1.11%	1.08%
Net Interest Margin	2.5%	2.54%	2.67%	2.83%	2.83%	2.34%	2.26%	2.7%	2.72%	2.64%
Efficiency Ratio	49.02%	49.83%	38%	43.78%	40.49%	54.14%	54.94%	48.96%	39.81%	36.84%
Equity / Assets	11.25%	11.42%	11.42%	11.12%	12.52%	11.29%	10.52%	8.35%	8.93%	9.23%
Book Value / Share	19.65	21.23	21.9	23.71	29.45	32.11	31.23	24.93	27.88	28.58
NII Growth	-1.29%	2.32%	5.06%	9%	15.87%	-0.31%	-0.25%	17.59%	3.89%	-3.38%
Dividend Payout	24.65%	25.99%	19.72%	21.3%	26.27%	60.13%	32.38%	37.9%	45.13%	50.82%

Revenue by Segment

	2010	2012	2013	2020	2021	2022	2023	2024
Total interest income	-	-	-	5.57B	5.21B	6.59B	9.76B	10.43B
Total interest income Growth	-	-	-	-	-6.48%	26.41%	48.17%	6.82%
Wealth and asset management revenue	-	-	-	520M	586M	570M	581M	647M
Wealth and asset management revenue Growth	-	-	-	-	12.69%	-2.73%	1.93%	11.36%
Commercial payments revenue	-	-	-	-	-	-	-	608M
Commercial payments revenue Growth	-	-	-	-	-	-	-	-
Consumer banking revenue	-	-	-	-	-	-	-	555M
Consumer banking revenue Growth	-	-	-	-	-	-	-	-
Capital markets fees	-	-	-	-	-	-	-	424M
Capital markets fees Growth	-	-	-	-	-	-	-	-
Commercial banking revenue	-	-	-	528M	637M	565M	624M	377M
Commercial banking revenue Growth	-	-	-	-	20.64%	-11.30%	10.44%	-39.58%
Mortgage banking net revenue	-	-	-	320M	270M	215M	250M	211M
Mortgage banking net revenue Growth	-	-	-	-	-15.63%	-20.37%	16.28%	-15.60%
Securities gains (losses), net	-	-	-	2M	-	-	18M	15M
Securities gains (losses), net Growth	-	-	-	-	-	-	-	-16.67%
Other noninterest income	-	-	-	211M	332M	265M	207M	12M
Other noninterest income Growth	-	-	-	-	57.35%	-20.18%	-21.89%	-94.20%
Service charges on deposits	-	-	-	559M	600M	589M	577M	-
Service charges on deposits Growth	-	-	-	-	7.33%	-1.83%	-2.04%	-
Card and processing revenue	-	-	-	352M	402M	409M	416M	-
Card and processing revenue Growth	-	-	-	-	14.20%	1.74%	1.71%	-
Leasing business revenue	-	-	-	276M	300M	237M	208M	-
Leasing business revenue Growth	-	-	-	-	8.70%	-21.00%	-12.24%	-
Consumer Lending	-5M	314M	312M	-	-	-	-	-
Consumer Lending Growth	-	6380.00%	-0.64%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Fifth Third Bancorp (FITB) has a price-to-earnings (P/E) ratio of 15.6x. This is roughly in line with market averages.

Growth & Financials

Fifth Third Bancorp (FITB) grew revenue by 5.6% over the past year. This is steady growth.

Yes, Fifth Third Bancorp (FITB) is profitable, generating $2.41B in net income for fiscal year 2024 (17.7% net margin).

Dividend & Returns

Yes, Fifth Third Bancorp (FITB) pays a dividend with a yield of 3.49%. This makes it attractive for income-focused investors.

Fifth Third Bancorp (FITB) has a return on equity (ROE) of 11.9%. This is reasonable for most industries.

Industry Metrics

Fifth Third Bancorp (FITB) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Fifth Third Bancorp (FITB) has an efficiency ratio of 36.8%. This is excellent, indicating strong cost control.

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