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Fifth Third Bancorp
(NYSE:FITB)
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Rating:74Outperform
Price Target:
$65.00
▲(13.22% Upside)
Action:Reiterated
Date:08/05/26
FITB scores well primarily on improving operating momentum and guidance (raised NII/income outlook, lower expense guide, visible synergy ramp and planned buyback resumption), supported by solid financial statements and a constructive technical trend. The score is tempered by profitability/ROE being below prior-cycle peaks, merger execution and capital/AOCI sensitivity risks, and a valuation that looks fair rather than clearly discounted (P/E ~19).
Positive Factors
Merger cost synergies
A clear, near-term roadmap to realize $850M of run-rate expense synergies is a durable earnings driver: it should sustainably reduce operating expense, boost adjusted pre-provision net revenue and efficiency, free cash flow for buybacks, and materially improve long-term profitability once conversion risks are cleared.
Negative Factors
Lower capital efficiency (ROE)
A multiyear downshift in return on equity signals weaker capital efficiency: even with higher equity, lower ROE constrains long-term earnings power per dollar of capital and could limit the pace of shareholder distributions or require sustained operating improvements to restore prior-cycle profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Merger cost synergies
A clear, near-term roadmap to realize $850M of run-rate expense synergies is a durable earnings driver: it should sustainably reduce operating expense, boost adjusted pre-provision net revenue and efficiency, free cash flow for buybacks, and materially improve long-term profitability once conversion risks are cleared.
Read all positive factors
Fifth Third Bancorp Key Performance Indicators (KPIs)
Any
Assets by Segment
Breaks down the company's assets across different segments, providing insight into asset allocation, growth opportunities, and potential risks tied to specific business areas.
Breaks down the company's assets across different segments, providing insight into asset allocation, growth opportunities, and potential risks tied to specific business areas.
Data provided by:
The Fly
The FlyFifth Third Bancorp (FITB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$52.24B
Dividend Yield2.79%
Average Volume (3M)6.73M
Price to Earnings (P/E)19.5
Beta (1Y)1.01
Revenue Growth17.05%
EPS Growth-8.65%
CountryUS
Employees25,197
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.96
Shares Outstanding906,892,600
10 Day Avg. Volume6,317,681
30 Day Avg. Volume6,725,643
Financial Highlights & Ratios
PEG Ratio1.07
Price to Book (P/B)1.43
Price to Sales (P/S)2.42
P/FCF Ratio8.17
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$62.60Price Target Upside9.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)3.06
Revenue Forecast (FY)$12.87B
Fifth Third Bancorp Business Overview & Revenue Model
Company Description
Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and...
How the Company Makes Money
Fifth Third Bancorp primarily makes money through net interest income and noninterest income generated by its banking and wealth-management activities. (1) Net interest income: The company earns interest on interest-earning assets—most notably com...
Fifth Third Bancorp Earnings Call Summary
Earnings Call Date:Jul 17, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 19, 2026
Earnings Call Sentiment Positive
The call emphasized strong integration momentum, improved profitability metrics (ROTE, ROA, NIM expansion), meaningful deposit and fee growth across strategic channels (Newline, wealth, Direct Express), early realization of expense synergies with clear roadmap to unlock $850M+ run-rate savings, and conservative credit metrics—balanced against near-term merger charges, execution risk around the Labor Day systems conversion, elevated asset sensitivity post-transaction, and competitive deposit pricing. On balance, operational and financial progress, upgraded guidance, and visible revenue and expense synergy trajectories dominate the narrative.Positive Updates
Earnings Per Share and Adjusted Metrics
Reported EPS of $0.83 (or $1.02 excluding certain items). Adjusted return on tangible common equity improved to 19%, adjusted return on assets improved to 1.3%, and adjusted efficiency ratio improved to ~57% (57.1%).
Negative Updates
Merger-Related Charges and Q3 Conversion Costs
Recorded $203M in merger-related charges this quarter and absorbed $175M of after-tax charges related to the merger and other items. Additional conversion- and branch-closure related charges of approximately $50M–$100M expected in Q3.
Read all updates
Q2-2026 Updates
Positive
Negative
Earnings Per Share and Adjusted Metrics
Reported EPS of $0.83 (or $1.02 excluding certain items). Adjusted return on tangible common equity improved to 19%, adjusted return on assets improved to 1.3%, and adjusted efficiency ratio improved to ~57% (57.1%).
Read all positive updates
Company Guidance
Management raised full‑year NII guidance to $8.74–8.80 billion (based on the June forward curve, which assumes a 25 bp Sept. hike) and narrowed average loan guidance to $174–176 billion (FY avg includes 11 months of Comerica), increased full‑year non‑interest income to $4.06–4.16 billion, and lowered adjusted non‑interest expense to $7.22–7.26 billion (ex‑acquisition charges); together those ranges imply >40% adjusted PPNR growth versus 2025. They expect to unlock the majority of the remaining $850 million annualized expense synergies in Q4 after the Labor Day systems conversion, to exit 2026 at profitability/efficiency consistent with 2027 targets, and to resume regular share repurchases in H2 (with Q4 pacing roughly $200–300M/quarter). For Q3 specifically management sees NII up 2.0–2.5% sequentially, average loans up ~1% (led by C&I, home equity, auto), adjusted non‑interest income up 1–3%, and adjusted non‑interest expense down 1–2%; credit guidance is 2H net charge‑offs of 30–35 bps (full year in the bottom half of a 30–40 bps range), with a CET1 operating target of 10–10.5%, LCR Category 1 at 107%, and a loan‑to‑core‑deposit ratio around 77%.Fifth Third Bancorp Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.88B | 12.87B | 13.05B | 12.36B | 9.08B | 7.95B |
| Gross Profit | 10.19B | 8.40B | 7.72B | 7.91B | 7.54B | 7.88B |
| EBITDA | 3.46B | 3.62B | 3.41B | 3.45B | 3.53B | 3.87B |
| Net Income | 2.35B | 2.52B | 2.31B | 2.35B | 2.45B | 2.77B |
Balance Sheet | ||||||
| Total Assets | 300.12B | 214.38B | 212.93B | 214.57B | 207.45B | 211.12B |
| Cash, Cash Equivalents and Short-Term Investments | 88.94B | 22.38B | 58.94B | 74.92B | 62.45B | 75.16B |
| Total Debt | 22.27B | 14.52B | 18.97B | 19.43B | 18.61B | 12.65B |
| Total Liabilities | 265.70B | 192.65B | 193.28B | 195.40B | 190.13B | 188.91B |
| Stockholders Equity | 34.42B | 21.72B | 19.64B | 19.17B | 17.33B | 22.21B |
Cash Flow | ||||||
| Free Cash Flow | 3.49B | 3.81B | 2.41B | 3.99B | 5.74B | 2.40B |
| Operating Cash Flow | 3.67B | 4.51B | 2.82B | 4.51B | 6.43B | 2.70B |
| Investing Cash Flow | -3.65B | -1.85B | 1.04B | -9.49B | -4.87B | -7.97B |
| Financing Cash Flow | 1.39B | -2.18B | -3.99B | 4.66B | -1.08B | 5.11B |
Fifth Third Bancorp Technical Analysis
Neutral
57.41
Price Trends
56.30
Negative
52.61
Positive
49.60
Positive
Market Momentum
0.17
Positive
36.73
Neutral
32.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FITB, the sentiment is Neutral. The current price of 57.41 is above the 20-day moving average (MA) of 57.20, above the 50-day MA of 56.30, and above the 200-day MA of 49.60, indicating a neutral trend. The MACD of 0.17 indicates Positive momentum. The RSI at 36.73 is Neutral, neither overbought nor oversold. The STOCH value of 32.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FITB.
Fifth Third Bancorp Risk Analysis
Fifth Third Bancorp disclosed 44 risk factors in its most recent earnings report. Fifth Third Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fifth Third Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $36.52B | 13.62 | 10.66% | 2.40% | 0.31% | 22.76% | |
74 Outperform | $52.24B | 19.46 | 8.43% | 2.79% | 17.05% | -8.65% | |
74 Outperform | $36.27B | 13.20 | 8.58% | 3.57% | 18.13% | -3.57% | |
74 Outperform | $24.59B | 13.32 | 10.12% | 3.62% | 18.47% | ― | |
73 Outperform | $31.30B | 16.02 | 8.14% | 2.50% | 1.24% | 40.55% | |
71 Outperform | $27.01B | 12.78 | 11.79% | 3.43% | 0.26% | 14.72% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
FITB
Fifth Third Bancorp
54.96
13.27
31.85%
HBAN
Huntington Bancshares
17.17
0.98
6.04%
KEY
KeyCorp
22.10
4.62
26.43%
MTB
M&T Bank
244.55
56.95
30.35%
RF
Regions Financial
30.59
5.73
23.03%
CFG
Citizens Financial
70.76
23.38
49.33%
Fifth Third Bancorp Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Fifth Third Highlights Strategy and Growth in Investor Roadshow
Positive
Jul 30, 2026
In July 2026, Fifth Third Bancorp executives planned a non‑deal roadshow to present the company’s operations and performance to institutional investors, highlighting its sustained total shareholder return outperformance versus peers. T...
Business Operations and StrategyFinancial Disclosures
Fifth Third Bancorp Reports Strong Second-Quarter 2026 Results
Positive
Jul 17, 2026
Fifth Third Bancorp reported second-quarter 2026 results that showed strengthening earnings power at the combined company, with reported earnings per share of $0.83 and adjusted EPS of $1.02. Net interest income and noninterest income rose year ov...
Business Operations and StrategyPrivate Placements and Financing
Fifth Third Restructures Debt With New Senior Note Exchange
Positive
Jun 10, 2026
On June 10, 2026, Fifth Third Bancorp completed exchange offers in which certain Comerica-originated notes assumed by Fifth Third Financial Corporation were swapped for new senior notes issued by Fifth Third and cash, alongside consent solicitatio...
Business Operations and StrategyFinancial Disclosures
Fifth Third Highlights Growth Strategy at Financials Conference
Positive
Jun 9, 2026
On June 10, 2026, Fifth Third Bancorp presented at the Morgan Stanley US Financials Conference, highlighting how it has doubled total assets and profitability over the past decade while reshaping its footprint toward faster-growing U.S. markets. M...
Business Operations and StrategyDelistings and Listing Changes
Fifth Third Bancorp Shifts Primary Listing to NYSE
Positive
Jun 3, 2026
On June 1, 2026, Fifth Third Bancorp announced that it will move the primary listing of all its publicly traded securities, including common stock and multiple series of preferred stock depositary shares, from Nasdaq to the New York Stock Exchange...
Business Operations and StrategyPrivate Placements and Financing
Fifth Third Announces Strong Participation in Note Exchanges
Positive
May 22, 2026
On May 22, 2026, Fifth Third Bancorp and its subsidiary Fifth Third Financial Corporation reported early participation results in private exchange offers and related consent solicitations for notes originally issued by Comerica and assumed by FTFC...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Fifth Third Launches Post-Merger Exchange Offers, Consent Solicitation
Neutral
May 8, 2026
On May 8, 2026, Fifth Third Bancorp and its subsidiary Fifth Third Financial Corporation launched private exchange offers tied to the completed merger of Comerica Incorporated into FTFC, with FTFC surviving as a wholly owned unit. The bank is offe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.