Fifth Third Financials

FITB Stock  USD 43.24  0.40  0.92%   
Based on the measurements of operating efficiency obtained from Fifth Third's historical financial statements, Fifth Third Bancorp is doing better financially today then in previous quarter. It has a moderate probability of reporting better financial numbers in October. At present, Fifth Third's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 97.7 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 606.5 M. Key indicators impacting Fifth Third's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.280.1852
Way Up
Pretty Stable
Return On Assets0.01450.0109
Significantly Up
Pretty Stable
Return On Equity0.140.1225
Fairly Up
Very volatile
Debt Equity Ratio1.321.0126
Significantly Up
Pretty Stable
Operating Income11.1 B10.6 B
Sufficiently Up
Slightly volatile
Current Ratio0.280.2932
Sufficiently Down
Pretty Stable
The financial analysis of Fifth Third is a critical element in measuring its lifeblood. Investors should not minimize Fifth Third's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

2.47 Billion

  
Understanding current and past Fifth Third Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Fifth Third's financial statements are interrelated, with each one affecting the others. For example, an increase in Fifth Third's assets may result in an increase in income on the income statement.
Please note, the presentation of Fifth Third's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Fifth Third's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Fifth Third's management manipulating its earnings.

Fifth Third Stock Summary

Fifth Third competes with KeyCorp, Regions Financial, New York, Zions Bancorporation, and Huntington Bancshares. Fifth Third is a bank thats as long on innovation as it is on history. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ Global Select Market under the symbol FITB. Investor information and press releases can be viewed at www.53.com. Fifth Third operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 19187 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS3167731005
CUSIP316773100
LocationOhio; U.S.A
Business Address38 Fountain Square
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.53.com
Phone800 972 3030
CurrencyUSD - US Dollar

Fifth Third Key Financial Ratios

Fifth Third's financial ratios allow both analysts and investors to convert raw data from Fifth Third's financial statements into concise, actionable information that can be used to evaluate the performance of Fifth Third over time and compare it to other companies across industries.

Fifth Third Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets169.4B204.7B211.1B207.5B214.6B225.3B
Other Current Liab(1.0B)(1.2B)(980M)(512M)93.1B97.7B
Net Debt12.7B13.0B9.8B15.1B16.9B10.2B
Retained Earnings18.3B18.4B20.2B21.7B23.0B24.1B
Cash3.3B3.1B3.0B3.5B3.1B2.3B
Other Assets77.6B48.0B50.3B66.8B76.8B56.0B
Net Receivables3.4B2.9B3.1B2.7B5.6B5.9B
Total Liab148.2B181.6B188.9B190.1B195.4B205.2B
Total Current Assets44.6B77.0B78.7B68.7B29.3B22.5B
Short Term Debt1.0B1.2B980M4.8B7.0B7.3B
Other Liab2.4B3.4B4.3B1.5B1.4B2.7B
Accounts Payable2.4B2.6B169.3B1.8B1.6B1.6B
Long Term Debt15.0B15.0B11.8B13.7B16.4B12.7B
Inventory(8.8B)(40.4B)(41.8B)(12.4B)(2.4B)(2.6B)
Treasury Stock(5.7B)(5.7B)(7.0B)(7.1B)(6.4B)(6.1B)
Intangible Assets1.2B795M1.3B1.9B1.9B1.0B
Good Will4.3B4.3B4.5B4.9B4.9B3.0B
Other Current Assets8.8B40.4B41.8B15.9B29.3B41.1B
Net Tangible Assets15.0B16.6B15.4B10.1B11.6B13.6B

Fifth Third Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense1.5B790M441M978M989M1.0B
Operating Income3.2B1.8B3.5B4.1B10.6B11.1B
Ebit4.2B3.7B1.8B3.5B4.1B0.0
Ebitda3.7B2.3B3.9B4.5B481M457.0M
Net Income2.5B1.4B2.8B2.4B2.3B2.5B
Income Tax Expense690M370M747M647M639M385.8M
Total Revenue8.2B7.5B7.8B8.3B12.7B13.3B
Gross Profit8.2B7.5B7.8B8.3B12.6B13.3B
Income Before Tax3.2B1.8B3.5B3.1B3.0B1.6B
Tax Provision690M370M747M647M696M667.7M
Net Interest Income4.8B4.8B4.8B5.6B6.0B5.0B
Interest Income6.3B5.6B5.2B6.6B9.2B6.2B

Fifth Third Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash597M(131M)(153M)472M(324M)(307.8M)
Free Cash Flow1.5B13M2.4B6.0B3.5B2.0B
Depreciation472M492M349M436M481M309.6M
Other Non Cash Items(897M)(1.0B)(282M)3.2B629M836.4M
Dividends Paid753M858M897M927M1.1B1.1B
Capital Expenditures304M358M309M472M516M270.1M
Net Income2.5B1.4B2.8B2.4B2.3B1.2B
End Period Cash Flow3.3B3.1B3.0B3.5B3.1B2.2B
Investments(1.8B)(31.5B)(6.6B)(3.4B)(12.4B)(11.8B)
Net Borrowings(1.8B)(242M)(3.0B)2.3B2.0B2.1B
Change To Netincome(322M)(1.2B)125M3.7B3.3B3.5B

Fifth Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Fifth Third's current stock value. Our valuation model uses many indicators to compare Fifth Third value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fifth Third competition to find correlations between indicators driving Fifth Third's intrinsic value. More Info.
Fifth Third Bancorp is one of the top stocks in return on equity category among its peers. It is rated # 3 in return on asset category among its peers reporting about  0.09  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Fifth Third Bancorp is roughly  11.35 . At present, Fifth Third's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Fifth Third's earnings, one of the primary drivers of an investment's value.

Fifth Third Bancorp Systematic Risk

Fifth Third's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fifth Third volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Fifth Third Bancorp correlated with the market. If Beta is less than 0 Fifth Third generally moves in the opposite direction as compared to the market. If Fifth Third Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fifth Third Bancorp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fifth Third is generally in the same direction as the market. If Beta > 1 Fifth Third moves generally in the same direction as, but more than the movement of the benchmark.

Fifth Third Thematic Clasifications

Fifth Third Bancorp is part of several thematic ideas from Macroaxis Picks to FinTech. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Fifth Third Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Fifth Third's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Fifth Third growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(2.15)

At present, Fifth Third's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Fifth Third September 20, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Fifth Third help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fifth Third Bancorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fifth Third Bancorp based on widely used predictive technical indicators. In general, we focus on analyzing Fifth Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fifth Third's daily price indicators and compare them against related drivers.

Complementary Tools for Fifth Stock analysis

When running Fifth Third's price analysis, check to measure Fifth Third's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fifth Third is operating at the current time. Most of Fifth Third's value examination focuses on studying past and present price action to predict the probability of Fifth Third's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fifth Third's price. Additionally, you may evaluate how the addition of Fifth Third to your portfolios can decrease your overall portfolio volatility.
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