Fifth Third (FITB)
NASDAQ:FITB
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Fifth Third Bancorp
(NASDAQ:FITB)
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Rating:64Neutral
Price Target:
$53.00
▲(5.28% Upside)
Action:Reiterated
Date:05/22/26
The score is primarily driven by solid but cooling financial performance (margin/ROE and recent FCF decline) and a constructive earnings outlook with clear synergy and NII/NIM improvement targets, partially offset by a high P/E valuation and only neutral technical momentum. Integration execution (systems conversion, cost takeout, and capital path) remains the key swing factor.
Positive Factors
Scale & Diversification
The Comerica deal meaningfully increases scale and geographic diversification, expanding commercial and consumer franchises and deposit scale. Larger balance sheet and broader fee streams create durable cross-sell and revenue diversification benefits that support steadier earnings over the medium term.
Negative Factors
Volatile Cash Generation
A sharp decline in free cash flow and recent volatility reduce the firm's cushion for discretionary uses like buybacks and inorganic investment. Less consistent cash conversion increases financing and capital allocation uncertainty during integration and when facing macro or credit stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & Diversification
The Comerica deal meaningfully increases scale and geographic diversification, expanding commercial and consumer franchises and deposit scale. Larger balance sheet and broader fee streams create durable cross-sell and revenue diversification benefits that support steadier earnings over the medium term.
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
$44.28B
Dividend Yield3.14%
Average Volume (3M)5.82M
Price to Earnings (P/E)58.1
Beta (1Y)1.07
Revenue Growth7.12%
EPS Growth-5.41%
CountryUS
Employees18,786
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.00
Shares Outstanding906,311,500
10 Day Avg. Volume5,614,231
30 Day Avg. Volume5,817,862
Financial Highlights & Ratios
PEG Ratio1.00
Price to Book (P/B)1.43
Price to Sales (P/S)2.42
P/FCF Ratio8.17
Enterprise Value/Market Cap1.14
Enterprise Value/Revenue3.71
Enterprise Value/Gross Profit5.57
Enterprise Value/Ebitda16.71
Forecast
1Y Price Target
$56.86Price Target Upside12.96% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)3.09
Revenue Forecast (FY)$12.85B
Fifth Third Bancorp Business Overview & Revenue Model
Company Description
Fifth 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 cas...
How the Company Makes Money
Fifth Third Bancorp primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is earned from the spread between interest income on interest-earning assets (such as commercial and industrial loans, commer...
Fifth Third Bancorp Earnings Call Summary
Earnings Call Date:Apr 17, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 17, 2026
Earnings Call Sentiment Positive
The call presented strong growth and integration progress with multiple tangible metrics improving (revenue +33%, adjusted net income +38%, NII and NIM expansion, TBV growth, early revenue synergies and deposit wins), while also acknowledging expected near-term merger-related costs, execution risk tied to the systems conversion, and elevated expense and capital management work to realize full benefits. Overall the narrative emphasized disciplined execution, improving returns, and confidence in achieving $850 million run-rate synergies, offsetting the short-term drag from acquisition charges and integration risk.Positive Updates
Business Line Fee Growth and Scale
Adjusted noninterest income of $921 million; wealth fees $233 million with AUM $119 billion (up $10 billion or 15% YoY); commercial payments fees $218 million with Newline revenue up 30% YoY and related deposits $5.5 billion (up $2.7 billion YoY); Direct Express contributed ~$14 million in fees and ~$3.7 billion in March average deposits.
Negative Updates
High Merger-Related Expenses
Recorded $635 million of merger-related expenses in the quarter; adjusted noninterest expense was $1.77 billion and adjusted efficiency ratio stood at 61.9% (reflecting Comerica addition and first-quarter seasonality).
Read all updates
Q1-2026 Updates
Positive
Negative
Business Line Fee Growth and Scale
Adjusted noninterest income of $921 million; wealth fees $233 million with AUM $119 billion (up $10 billion or 15% YoY); commercial payments fees $218 million with Newline revenue up 30% YoY and related deposits $5.5 billion (up $2.7 billion YoY); Direct Express contributed ~$14 million in fees and ~$3.7 billion in March average deposits.
Read all positive updates
Company Guidance
Fifth Third updated 2026 guidance calling for full‑year net interest income of $8.7–8.8 billion, average total loans in the mid‑$170 billion range, full‑year noninterest income of $4.0–4.2 billion and full‑year noninterest expense of $7.2–7.3 billion (including $210 million of CDI amortization and $360 million of net expense synergies), which together imply adjusted PPNR up roughly 40% versus 2025; they expect full‑year net charge‑offs of 30–40 bps, an operating CET1 target of 10.0–10.5%, resumption of regular quarterly buybacks in H2 2026 (timing/amount dependent on balance sheet and remaining merger charges), and to realize $360 million of net cost savings in 2026 rising to an $850 million annual run‑rate by Q4. For Q2 they forecast average loans of $178–179 billion, NII of $2.20–2.25 billion with NIM expanding 3–5 bps (from 330 bps in Q1 toward an exit nearer ~340 bps), noninterest income of $1.00–1.06 billion, noninterest expense of $1.87–1.89 billion, and net charge‑offs of 30–35 bps.Fifth Third Bancorp Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
70
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.66B | 12.87B | 13.05B | 12.36B | 9.08B | 7.95B |
| Gross Profit | 9.10B | 8.40B | 7.72B | 7.91B | 7.54B | 7.88B |
| EBITDA | 3.03B | 3.62B | 3.41B | 3.45B | 3.53B | 3.87B |
| Net Income | 2.17B | 2.52B | 2.31B | 2.35B | 2.45B | 2.77B |
Balance Sheet | ||||||
| Total Assets | 297.04B | 214.38B | 212.93B | 214.57B | 207.45B | 211.12B |
| Cash, Cash Equivalents and Short-Term Investments | 4.08B | 22.38B | 58.94B | 74.92B | 62.45B | 75.16B |
| Total Debt | 20.04B | 14.52B | 18.97B | 19.43B | 18.61B | 12.65B |
| Total Liabilities | 262.93B | 192.65B | 193.28B | 195.40B | 190.13B | 188.91B |
| Stockholders Equity | 34.11B | 21.72B | 19.64B | 19.17B | 17.33B | 22.21B |
Cash Flow | ||||||
| Free Cash Flow | 1.98B | 3.81B | 2.41B | 3.99B | 5.74B | 2.40B |
| Operating Cash Flow | 2.17B | 4.51B | 2.82B | 4.51B | 6.43B | 2.70B |
| Investing Cash Flow | 3.63B | -1.85B | 1.04B | -9.49B | -4.87B | -7.97B |
| Financing Cash Flow | -4.74B | -2.18B | -3.99B | 4.66B | -1.08B | 5.11B |
Fifth Third Bancorp Technical Analysis
Positive
50.34
Price Trends
47.90
Positive
48.95
Positive
46.06
Positive
Market Momentum
-0.21
Positive
52.03
Neutral
55.81
Neutral
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 50.34 is above the 20-day moving average (MA) of 49.19, above the 50-day MA of 47.90, and above the 200-day MA of 46.06, indicating a neutral trend. The MACD of -0.21 indicates Positive momentum. The RSI at 52.03 is Neutral, neither overbought nor oversold. The STOCH value of 55.81 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $30.81B | 12.71 | 10.25% | 2.76% | -0.49% | 19.72% | |
73 Outperform | $26.57B | 12.33 | 7.63% | 2.89% | -0.44% | 34.70% | |
72 Outperform | $32.07B | 13.98 | 8.82% | 3.50% | 9.10% | 0.60% | |
72 Outperform | $23.49B | 10.08 | 11.78% | 3.74% | 2.53% | 16.52% | |
69 Neutral | $23.21B | 10.41 | 9.74% | 3.90% | 20.39% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $44.28B | 58.08 | 8.86% | 3.14% | 7.12% | -5.41% |
* Financial Sector Average
FITB
Fifth Third Bancorp
49.16
12.95
35.76%
HBAN
Huntington Bancshares
15.85
0.99
6.68%
KEY
KeyCorp
21.49
6.49
43.24%
MTB
M&T Bank
212.33
37.01
21.11%
RF
Regions Financial
27.71
7.21
35.16%
CFG
Citizens Financial
62.78
24.26
62.96%
Fifth Third Bancorp Corporate Events
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...
Executive/Board ChangesShareholder Meetings
Fifth Third Shareholders Back Board, Auditor and Pay Plans
Positive
Apr 24, 2026
On April 21, 2026, Fifth Third Bancorp shareholders elected sixteen directors to serve on the board until the 2027 annual meeting, with each nominee receiving substantial support from both preferred and common shareholders voting together. The boa...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Fifth Third Highlights 2025 Performance and Community Impact
Positive
Apr 21, 2026
At its April 21, 2026 annual meeting of shareholders, Fifth Third Bancorp highlighted 2025 financial metrics that underscored stability and profitability, including a 1.19% return on average assets, 12.6% return on average common equity, and an ef...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Fifth Third Highlights Strong Q1 Momentum After Comerica Deal
Positive
Apr 17, 2026
Fifth Third Bancorp reported first-quarter 2026 results showing strong underlying business momentum, with net interest income rising to $1.94 billion and noninterest income to $895 million, although certain items reduced reported earnings per shar...
Business Operations and Strategy
Fifth Third Highlights Growth Strategy at RBC Financial Conference
Positive
Mar 11, 2026
On March 11, 2026, Fifth Third Bancorp presented at the RBC Capital Markets Financial Institutions Conference, highlighting its national scale, diversified revenue mix and disciplined execution focused on stability, profitability and growth.
The b...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Fifth Third Ties Executive Pay to Comerica Merger Integration
Positive
Feb 24, 2026
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 Co...
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.