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Fifth Third Bancorp
(NYSE:FITB)
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Rating:70Outperform
Price Target:
$55.00
â–²(0.27% Upside)
Action:Upgraded
Date:10/19/26
FITB scores well on fundamentals and management outlook: improving TTM revenue momentum, stronger balance-sheet leverage profile, supportive free cash flow, and a notably constructive earnings-call guide (higher NII/PPNR trajectory and expense improvement). The main constraints on the score are weak technical momentum (price below key moving averages and negative MACD) and the fundamental watch items highlighted across the data—compressed margins versus prior peaks, lower ROE, and continued integration/merger-charge and deposit-cost pressures.
Positive Factors
Comerica integration and operating leverage
The Comerica integration is already improving profitability and efficiency despite the scale of the conversion. Successful systems migration, client retention and expected remaining expense synergies can strengthen earnings power and competitive scale over the next several quarters.
Negative Factors
Deposit-cost and margin pressure
Higher deposit pricing and tighter commercial and auto lending spreads can constrain the benefit of loan and net interest income growth. Persistent funding competition would pressure spread profitability and make future earnings more dependent on volume and fee expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Comerica integration and operating leverage
The Comerica integration is already improving profitability and efficiency despite the scale of the conversion. Successful systems migration, client retention and expected remaining expense synergies can strengthen earnings power and competitive scale over the next several quarters.
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
$48.52B
Dividend Yield3.03%
Average Volume (3M)7.59M
Price to Earnings (P/E)18.1
Beta (1Y)0.99
Revenue Growth15.15%
EPS Growth-12.33%
CountryUS
Employees25,069
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.96
Shares Outstanding907,367,000
10 Day Avg. Volume8,155,979
30 Day Avg. Volume7,586,977
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 Cap1.29
Enterprise Value/Revenue3.89
Enterprise Value/Gross Profit5.57
Enterprise Value/Ebitda16.44
Forecast
1Y Price Target
$61.67Price Target Upside12.43% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
EPS Forecast (FY)3.06
Revenue Forecast (FY)$12.85B
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 earns money by intermediating deposits and loans and by charging fees for banking and financial services.
1) Net interest income (core banking spread): A major source of earnings is net interest income—the difference...
Fifth Third Bancorp Earnings Call Summary
Earnings Call Date:Oct 19, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 19, 2027
Earnings Call Sentiment Positive
The call was strongly positive. Fifth Third reported higher adjusted PPNR, revenue growth, lower adjusted expenses, strong deposit and loan growth, stable credit performance, successful Comerica integration progress, and profitability ahead of 2027 targets. Management also provided constructive fourth-quarter guidance and highlighted significant organic-growth opportunities in Texas, the Southeast, payments, wealth, and Fifth Third I Banking. The main negatives were higher deposit costs, a modest decline in net interest margin, lower capital-markets and consumer-banking revenue, remaining merger-related charges, rate-driven AOCI pressure, and selected credit-risk areas under close monitoring.Positive Updates
Strong Third-Quarter Profitability
Third-quarter earnings per share were $0.90, or $1.13 excluding certain items. Adjusted PPNR grew 8% sequentially to $1.5 billion, as adjusted revenue increased 2% and adjusted expenses declined 2%.
Negative Updates
Net Interest Margin Declined Sequentially
Net interest margin was 3.34%, down 2 basis points sequentially. Elevated cash following the migration of Comerica off-balance-sheet investment sweep products reduced reported net interest margin by approximately 4 basis points, although management said it had no material impact on net interest income.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Third-Quarter Profitability
Third-quarter earnings per share were $0.90, or $1.13 excluding certain items. Adjusted PPNR grew 8% sequentially to $1.5 billion, as adjusted revenue increased 2% and adjusted expenses declined 2%.
Read all positive updates
Company Guidance
For the fourth quarter, Fifth Third expects average loan growth of 1% to 2% sequentially, net interest income to be up 2.5% to 3.5% sequentially, fourth quarter net interest margin at or above the 43 level, adjusted noninterest income to be up 2% to 4%, adjusted noninterest expense to be down 2% to 3%, and adjusted PPNR to grow 9% to 10% from the third quarter; the guide implies net interest income and the implied PPNR for the full year to be at the high end of the range provided back in January, and fourth quarter exit rate profitability at or better than the 19% ROTCE and 53% efficiency ratio set at the deal announcement. Fifth Third expects net charge offs of 30 to 35 basis points, CET1 to remain within its 10% to 10.5% operating range, and to repurchase $200 to $300 million of stock in the fourth quarter dependent on the strength of organic loan growth; it also expects total merger related charges of approximately $1.3 billion, with substantially all remaining charges anticipated in the fourth quarter, and will provide its full 2027 outlook in January.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 | 16.08B | 12.87B | 13.05B | 12.36B | 9.08B | 7.95B |
| Gross Profit | 11.24B | 8.40B | 7.72B | 7.91B | 7.54B | 7.88B |
| EBITDA | 3.81B | 3.76B | 3.41B | 3.45B | 3.53B | 3.87B |
| Net Income | 2.56B | 2.52B | 2.31B | 2.35B | 2.45B | 2.77B |
Balance Sheet | ||||||
| Total Assets | 301.22B | 214.38B | 212.93B | 214.57B | 207.45B | 211.12B |
| Cash, Cash Equivalents and Short-Term Investments | 4.09B | 22.38B | 58.94B | 74.92B | 62.45B | 75.16B |
| Total Debt | 18.14B | 14.52B | 18.97B | 19.43B | 18.61B | 12.65B |
| Total Liabilities | 267.91B | 192.65B | 193.28B | 195.40B | 190.13B | 188.91B |
| Stockholders Equity | 33.31B | 21.72B | 19.64B | 19.17B | 17.33B | 22.21B |
Cash Flow | ||||||
| Free Cash Flow | 2.12B | 3.81B | 2.41B | 3.99B | 5.74B | 2.40B |
| Operating Cash Flow | 2.62B | 4.51B | 2.82B | 4.51B | 6.43B | 2.70B |
| Investing Cash Flow | -289.00M | -1.85B | 1.04B | -9.49B | -4.87B | -7.97B |
| Financing Cash Flow | -857.00M | -2.18B | -3.99B | 4.66B | -1.08B | 5.11B |
Fifth Third Bancorp Technical Analysis
Positive
54.85
Price Trends
52.49
Positive
54.13
Negative
51.27
Positive
Market Momentum
0.29
Negative
61.88
Neutral
89.62
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FITB, the sentiment is Positive. The current price of 54.85 is above the 20-day moving average (MA) of 51.40, above the 50-day MA of 52.49, and above the 200-day MA of 51.27, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 61.88 is Neutral, neither overbought nor oversold. The STOCH value of 89.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $31.80B | 11.46 | 10.65% | 2.72% | 0.14% | 18.15% | |
71 Outperform | $90.62B | 12.14 | 12.61% | 3.24% | 7.11% | 21.33% | |
70 Outperform | $48.52B | 18.06 | 8.30% | 3.03% | 15.15% | -12.33% | |
70 Outperform | $31.64B | 12.17 | 8.19% | 3.95% | 24.22% | -14.23% | |
68 Neutral | $59.15B | 12.32 | 8.14% | 4.30% | -5.73% | 4.01% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $24.19B | 11.00 | 12.32% | 3.86% | 0.60% | 12.74% |
* Financial Sector Average
FITB
Fifth Third Bancorp
54.44
13.84
34.10%
TFC
Truist Financial
49.32
6.80
16.00%
HBAN
Huntington Bancshares
15.97
1.22
8.26%
MTB
M&T Bank
224.07
46.36
26.09%
PNC
PNC Financial
231.83
55.32
31.34%
RF
Regions Financial
28.88
5.62
24.17%
Fifth Third Bancorp Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Fifth Third Bancorp Q3 Results Highlight Comerica Integration
Positive
Oct 19, 2026
Fifth Third Bancorp reported third-quarter 2026 results that highlighted stronger earnings power from its integration of Comerica, posting diluted earnings per share of $0.90 and adjusted EPS of $1.13, alongside improved adjusted return on tangibl...
Business Operations and StrategyPrivate Placements and Financing
Fifth Third Redeems Senior Notes, Refines Capital Structure
Positive
Sep 24, 2026
Fifth Third Bancorp, a long-established U.S. banking group and indirect parent of Fifth Third Bank, National Association, provides deposit and credit products and related financial services across retail and commercial markets. Listed on the NYSE ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Fifth Third Announces Results of Senior Notes Exchange Offer
Positive
Sep 23, 2026
On September 23, 2026, Fifth Third Bancorp reported the expiration and results of a registered exchange offer for its unregistered senior notes originally issued in a prior private transaction. The offer, which expired at 5:00 p.m. New York time o...
Business Operations and StrategyM&A Transactions
Fifth Third to Present at Barclays Financial Services Conference
Positive
Sep 14, 2026
Fifth Third Bancorp said it will present on September 15, 2026, at the Barclays Global Financial Services Conference, highlighting its position as a top-10 U.S. bank and its progress in scaling assets, deposits and market reach. The presentation u...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Fifth Third Launches Exchange Offer for Senior Notes
Positive
Aug 21, 2026
On August 21, 2026, Fifth Third Bancorp announced it had commenced a registered exchange offer for all of its outstanding unregistered senior notes previously issued under Securities Act exemptions. The move follows a June 10, 2026 exchange in whi...
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...
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.