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Fifth Third Bancorp
(NASDAQ:FITB)
Fifth Third Bancorp (FITB) vs. SPDR S&P 500 ETF (SPY)
Fifth Third Bancorp Business Overview & Revenue Model
Fifth Third Bancorp Key Performance Indicators (KPIs)
Breaks down the company's assets across different segments, providing insight into asset allocation, growth opportunities, and potential risks tied to specific business areas.
The FlyFifth Third Bancorp Earnings Call Summary
Fifth Third Bancorp Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.87B | 13.05B | 12.36B | 9.08B | 7.95B |
| Gross Profit | 8.40B | 7.72B | 7.91B | 7.54B | 7.88B |
| EBITDA | 3.62B | 3.41B | 3.45B | 3.53B | 3.87B |
| Net Income | 2.52B | 2.31B | 2.35B | 2.45B | 2.77B |
Balance Sheet | |||||
| Total Assets | 214.38B | 212.93B | 214.57B | 207.45B | 211.12B |
| Cash, Cash Equivalents and Short-Term Investments | 22.38B | 58.94B | 74.92B | 62.45B | 75.16B |
| Total Debt | 14.52B | 18.97B | 19.43B | 18.61B | 12.65B |
| Total Liabilities | 192.65B | 193.28B | 195.40B | 190.13B | 188.91B |
| Stockholders Equity | 21.72B | 19.64B | 19.17B | 17.33B | 22.21B |
Cash Flow | |||||
| Free Cash Flow | 1.26B | 2.41B | 3.99B | 5.74B | 2.40B |
| Operating Cash Flow | 1.97B | 2.82B | 4.51B | 6.43B | 2.70B |
| Investing Cash Flow | 896.00M | 1.04B | -9.49B | -4.87B | -7.97B |
| Financing Cash Flow | -2.86B | -3.99B | 4.66B | -1.08B | 5.11B |
Fifth Third Bancorp Technical Analysis
Fifth Third Bancorp Risk Analysis
Fifth Third Bancorp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $32.63B | 11.54 | 9.77% | 2.76% | -0.81% | 20.34% | |
72 Outperform | $23.95B | 11.00 | 11.68% | 3.74% | 4.00% | 28.54% | |
70 Outperform | $44.70B | 10.64 | 12.20% | 3.14% | 0.15% | 11.62% | |
69 Neutral | $34.00B | 11.61 | 10.03% | 3.50% | 5.73% | 38.39% | |
69 Neutral | $25.58B | 11.93 | 7.24% | 2.89% | -3.93% | 40.62% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $22.31B | 11.08 | 9.48% | 3.90% | 3.86% | 5473.29% |
Fifth Third Bancorp Corporate Events
On February 18, 2026, Fifth Third Bancorp’s board approved special performance share unit awards for several named executive officers to incentivize the successful integration of subsidiaries following the previously announced merger with Comerica Incorporated and Comerica Holdings Incorporated. The PSUs, which can pay out between 0% and 125% based on an integration scorecard, will measure performance from February 1 through December 31, 2026, with half vesting on the first anniversary of the grant date and the remainder on the second, subject to continued employment and specific termination and performance conditions.
If a recipient dies or becomes disabled, unvested PSUs may vest in full or based on actual results, while certain involuntary terminations will preserve vesting eligibility and all other terminations will result in forfeiture. Awards sized at $1.5 million for COO James C. Leonard, $1 million each for CFO Bryan D. Preston, CRO Robert P. Shaffer and CIO Jude A. Schramm, and $5 million for Chairman and CEO Timothy N. Spence—who must hold net vested shares until February 18, 2031—underscore the board’s focus on disciplined merger execution and aligning leadership incentives with shareholder interests.
The Compensation Committee also retained discretion to forfeit PSU awards if the Bancorp’s return on average tangible common equity for the fiscal year immediately preceding a vesting date does not reach at least 2%, adding an additional profitability gate to the integration-focused metrics. This structure is intended to balance retention and integration goals with financial performance thresholds, signaling to investors that the bank is tying executive pay closely to both merger success and core returns.
The most recent analyst rating on (FITB) stock is a Buy with a $57.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.
On February 10, 2026, Fifth Third Bancorp presented at the BofA Securities 2026 Financial Services Conference, outlining its status as a leading regional bank with $294 billion in assets, $237 billion in deposits, and a broad U.S. branch network concentrated in the Midwest, Southeast, and Southwest. The bank highlighted a balanced business mix across consumer, commercial, and wealth management segments, emphasizing stable funding from branch-originated insured deposits and operational deposits tied to payments services.
Management showcased a track record of top-quartile total shareholder returns over three-, five-, seven-, and ten-year periods versus peers, underscoring a strategy built on stability, profitability, and growth. The presentation detailed integration plans for the Comerica acquisition announced in 2025, including a staged legal close and multiple system conversion mocks through September 2026 to minimize disruption for customers and employees. Fifth Third also emphasized the growth of its middle-market platform and a decade-long branch expansion program that is shifting more than half of its footprint into faster-growing Sun Belt markets by 2030, positioning the bank for outsized retail deposit growth and enhanced competitive positioning versus both large national “trillionaire” banks and regional peers.
The most recent analyst rating on (FITB) stock is a Buy with a $57.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.
On January 31, 2026, Fifth Third Bancorp completed a multi-step merger in which Comerica Incorporated and its holding entities were combined into a Fifth Third intermediary subsidiary, and Comerica Bank and Comerica Bank & Trust were folded into Fifth Third Bank, National Association, with the Comerica entities ceasing to exist as separate corporations. Comerica common shareholders received 1.8663 shares of Fifth Third common stock for each Comerica share, with cash paid for fractional shares, while Comerica preferred stock and related depositary shares were exchanged for a newly created series of Fifth Third preferred stock and equivalent depositary shares. Fifth Third and its banking subsidiary assumed approximately $2.4 billion in Comerica senior and subordinated notes, and an Ohio charter amendment effective January 31, 2026 authorized and established 400,000 shares of the new preferred series, represented by 16 million depositary shares issued to former Comerica preferred holders. As part of governance changes tied to the transaction, Fifth Third’s board was expanded to 16 members at the effective time and three former Comerica directors—Michael G. Van de Ven, Barbara R. Smith and Derek J. Kerr—were appointed to the board and assigned to key committees, reinforcing continuity and expertise following the integration. In a February 2, 2026 announcement, Fifth Third said the completed merger creates the ninth-largest U.S. bank with about $294 billion in assets, significantly broadening its footprint to 17 of the 20 fastest-growing large U.S. markets and enhancing its middle-market, commercial payments and wealth businesses, with full system and brand conversions expected in the third quarter and Comerica locations operating under their existing brand in the interim.
The most recent analyst rating on (FITB) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.
On January 29, 2026, Fifth Third Bancorp issued $2 billion of senior unsecured debt, comprising $1 billion of 4.566% fixed-to-floating rate senior notes due 2032 and $1 billion of 5.141% fixed-to-floating rate senior notes due 2037, underwritten by a syndicate including Morgan Stanley, BofA Securities, Fifth Third Securities and Goldman Sachs. The notes, issued under a supplemental indenture with Wilmington Trust Company and represented by global securities dated January 29, 2026, generated approximately $1.99 billion in net proceeds and were registered on an automatic shelf registration statement, reinforcing Fifth Third’s access to capital markets and providing additional long-term funding flexibility for the bank’s balance sheet and strategic needs.
The most recent analyst rating on (FITB) stock is a Buy with a $57.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.
On January 20, 2026, Fifth Third Bancorp filed a current report to incorporate into its securities filings preliminary, unaudited fourth-quarter 2025 financial highlights for both itself and Comerica Incorporated, along with the auditor’s consent for Comerica. For Fifth Third, the release shows continued earnings momentum, with net income available to common shareholders rising to $699 million in the fourth quarter of 2025, supported by higher net interest income, stronger noninterest income, and stable net interest margin. Key profitability and capital ratios, including return on average assets of 1.36%, return on average common equity of 14.0%, return on average tangible common equity of 19.0%, and a CET1 capital ratio of 10.77%, indicate solid performance and capital strength, while credit quality metrics such as a 0.40% net charge-off ratio and a 0.65% nonperforming asset ratio suggest manageable credit risk. The company emphasizes that these results are preliminary and unaudited, and may be updated when it files its audited 2025 annual report, underscoring that investors should review the figures in the context of prior SEC filings and full financial statement disclosures. Comerica’s preliminary, unaudited financial highlights are similarly incorporated and are intended to be read alongside its 2024 annual report, providing additional comparative context for stakeholders tracking both regional banks’ performance.
The most recent analyst rating on (FITB) stock is a Buy with a $58.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.
Fifth Third Bancorp reported fourth-quarter 2025 diluted earnings per share of $1.04, as strong business momentum and improved credit trends drove a 1.36% return on average assets and a 14.0% return on average common equity. Net income available to common shareholders rose to $699 million, supported by record annual net interest income of $6 billion, 5% year-over-year loan growth (including 7% growth in middle-market loans), 4% annual demand deposit growth, and a 16% increase in assets under management to $80 billion. Credit quality improved, with net charge-offs declining to 40 basis points and nonperforming assets at 0.65%, while capital strength increased, with the CET1 ratio rising to 10.77% and tangible book value per share up 21% from a year earlier. The bank also generated 230 basis points of positive operating leverage in 2025, maintained an adjusted efficiency ratio near mid-50s, and returned $1.6 billion of capital to shareholders, underscoring its solid profitability and reinforcing its competitive positioning among regional lenders.
The most recent analyst rating on (FITB) stock is a Buy with a $53.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.
On January 13, 2026, Fifth Third Bancorp and Comerica Incorporated announced they had received all material regulatory and shareholder approvals to proceed with their previously agreed merger, following Federal Reserve approval on the same date, Office of the Comptroller of the Currency approval on December 15, 2025, and shareholder approvals on January 6, 2026. The transaction, expected to close on February 1, 2026 subject to remaining customary conditions, will create the ninth-largest U.S. bank with approximately $290 billion in assets and a footprint spanning many of the country’s fastest-growing large markets, strengthening Fifth Third’s geographic reach across the Midwest, Southeast, Texas and California while absorbing Comerica’s long-established commercial and retail franchise. Management from both institutions emphasized that integration teams are in place, system and brand conversions will follow later in 2026, customers should experience minimal near-term disruption, and the combination is projected to provide immediate earnings accretion, preserve tangible book value per share and generate significant annual revenue synergies, underscoring its strategic importance for shareholders, employees and clients.
The most recent analyst rating on (FITB) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.
On January 13, 2026, Fifth Third Bancorp announced that its subsidiary, Fifth Third Bank, National Association, has given notice to redeem all of its outstanding 3.850% Subordinated Notes due March 15, 2026, originally issued in a principal amount of $750 million. The notes will be redeemed on or after February 13, 2026, ahead of their scheduled maturity, at 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date, in line with the securities’ optional redemption provisions. Once completed, no subordinated bank notes of this issue will remain outstanding, and interest will cease to accrue on and after the redemption date, signaling a proactive liability management move that may refine the bank’s capital structure and interest expense profile for stakeholders.
The most recent analyst rating on (FITB) stock is a Buy with a $61.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.
On January 6, 2026, Fifth Third Bancorp shareholders and Comerica Incorporated stockholders separately approved the proposed merger of the two banks, with Fifth Third investors endorsing the issuance of new common shares needed to fund the acquisition and an adjournment option that ultimately was not used. With 99.7% of Fifth Third votes cast and 97.0% of Comerica votes cast in favor, the deal cleared a major shareholder hurdle and, pending remaining regulatory and customary closing conditions, is slated to create the ninth-largest U.S. bank by assets, combining Fifth Third’s retail and digital strengths with Comerica’s middle-market franchise to expand their footprint across many of the nation’s fastest-growing large metropolitan markets.
The most recent analyst rating on (FITB) stock is a Buy with a $57.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.
On December 8, 2025, Thomas H. Harvey announced his retirement from the Board of Directors of Fifth Third Bancorp, effective January 7, 2026. Subsequently, on December 9, 2025, the Board appointed Priscilla Almodovar as his replacement, effective the same date. Almodovar, with over 35 years of leadership experience in complex organizations, including her recent role as CEO of Fannie Mae, will also serve on the Nominating and Corporate Governance and Risk and Compliance Committees. Her appointment is expected to bring strategic vision and leadership to the board, contributing to the bank’s growth and innovation efforts.
The most recent analyst rating on (FITB) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.
On December 10, 2025, Fifth Third Bancorp will present at the Goldman Sachs U.S. Financial Services Conference, highlighting its strategic initiatives and financial performance. The company is focused on expanding its market presence through a merger with Comerica, which is expected to enhance its competitive positioning and operational scale. However, the merger faces potential risks and uncertainties, including regulatory approvals and integration challenges, which could impact the anticipated benefits for stakeholders.
The most recent analyst rating on (FITB) stock is a Buy with a $51.00 price target. To see the full list of analyst forecasts on Fifth Third Bancorp stock, see the FITB Stock Forecast page.