Fifth Third Bancorp (FITB) |
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Price: $35.7700
$0.53
1.504%
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Day's High:
| $35.35
| Week Perf:
| -2.51 %
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Day's Low: |
$ 35.04 |
30 Day Perf: |
5.52 % |
Volume (M): |
152 |
52 Wk High: |
$ 37.03 |
Volume (M$): |
$ 5,351 |
52 Wk Avg: |
$28.44 |
Open: |
$35.09 |
52 Wk Low: |
$22.46 |
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Market Capitalization (Millions $) |
24,572 |
Shares
Outstanding (Millions) |
687 |
Employees |
19,112 |
Revenues (TTM) (Millions $) |
8,193 |
Net Income (TTM) (Millions $) |
2,349 |
Cash Flow (TTM) (Millions $) |
-324 |
Capital Exp. (TTM) (Millions $) |
491 |
Fifth Third Bancorp
Fifth Third Bancorp'is an Ohio corporation organized in 1975 and is a bank holding
company under the Bank Holding Company Act of 1956, as amended (the 'BHCA'), and
subject to regulation by the Board of Governors of the Federal Reserve System
('FRB'). Fifth Third Bancorp, with its principal office located in Cincinnati,
is a bank holding company as defined in the BHCA and is registered as such with
the FRB.'Fifth Third Bancorp's wholly-owned second tier holding company, Fifth
Third Financial Corporation, had six wholly-owned direct subsidiaries: Fifth Third
Bank; Fifth Third Bank (Michigan); Fifth Third Community Development Corporation;
Fifth Third Investment Company; Old Kent Capital Trust I and Fifth Third Reinsurance
Company, LTD. Fifth Third Bancorp completed the merger of its Fifth Third Bank,
Kentucky, Inc., Fifth Third Bank, Northern Kentucky, Inc., Fifth Third Bank, Indiana
and Fifth Third Bank, Florida subsidiary banks with and into Fifth Third Bank
(Michigan). Although these mergers changed the legal structure of the subsidiary
banks.
Fifth Third Bancorp, through its subsidiaries, engages primarily in commercial
and retail banking, electronic payment processing services and investment advisory
services. Direct subsidiaries of Fifth Third Bancorp's subsidiary banks include:
The Fifth Third Company; Fifth Third Leasing Company; Fifth Third International
Company; Fifth Third Holdings, LLC; Fifth Third Securities, Inc.; Fifth Third
Real Estate Capital Markets Company; Fifth Third Mortgage Company; Fifth Third
Mortgage Insurance Reinsurance Company; Fifth Third Insurance Agency, Inc.;
Old Kent Investment Corporation; Home Equity of America, Inc.; Fifth Third Asset
Management, Inc.; Old Kent.
Fifth Third Processing Solutions, Fifth Third Bancorp's electronic payment
processing division, operates for itself and other financial institutions, a
proprietary automated teller machine ('ATM') and Point of Sale ('POS') network,
Jeanie' and provides electronic fund transfers, ATM processing, electronic personal
banking, merchant transaction processing, electronic bill payment and electronic
benefit transfer services for thousands of regional banks, bank holding companies,
service retailers and other financial institutions throughout the United States.
Fifth Third Bancorp's banking subsidiaries participate in several regional shared
ATM networks including 'NYCE',' 'Pulse',' and 'Star'.' Fifth Third Bancorp's
banking subsidiaries also participate in 'Cirrus',' and 'Plus System',' which
are international ATM networks.
COMPETITION
There are hundreds of commercial banks, savings and loans and other financial
service providers in Ohio, Kentucky, Michigan, Illinois, Indiana, Florida, West
Virginia, Tennessee and nationally, which provide strong competition to Fifth
Third Bancorp's banking subsidiaries. Fifth Third Bancorp competes for deposits,
loans and other banking services in its principal geographic markets as well
as in selected national markets as opportunities arise.
Company Address: 38 Fountain Square Plaza Cincinnati 45263 OH
Company Phone Number: 972-3030 Stock Exchange / Ticker: NASDAQ FITB
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Customers Net Income grew by |
FITB's Customers Net Profit Margin grew to |
7.2 % |
10.76 %
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Stock Performances by Major Competitors |
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Fifth Third Bancorp
Company X, a prominent player in the financial industry, recently reported a decline in its earnings per share (EPS) and revenue for the October to December 31, 2023 interval compared to the same period the previous year. The EPS decreased by -29.17% to $0.72, while the revenue witnessed a decrease of -1.221% to $2.10 billion. In contrast, during the prior financial reporting period, the company had an EPS of $0.91 and a revenue surge of 3.441% to $2.03 billion. Furthermore, the net income for the October to December 31, 2023 interval also experienced a significant decline of -28.09%, dropping from $737.000 million to $530.000 million compared to the corresponding period a year before.
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Fifth Third Bancorp
Fifth Third Bancorp (FITB) has reported earnings per share of $0.91 in the fiscal quarter ending September 30, 2023. This represents a moderate revenue increase of 1.093% to $2.03 billion compared to the same quarter the previous year. In comparison to its industry peers, Fifth Third Bancorp's revenue growth in the third quarter of 2023 outperformed the Regional Banks industry, which only saw a 0.33% top-line rise during the same period. This indicates the bank's favorable performance in generating revenue. During the preceding quarter, FITB experienced growth in net profit per share by 10.98% from $0.82 per share, while revenue increased by 1.396% from $2.01 billion. This shows a positive trend in the bank's profitability and revenue generation.
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Fifth Third Bancorp
Fifth Third Bancorp, a leading regional bank based in Cincinnati, Ohio, recently announced positive financial results for the fiscal three months ending June 30, 2023. The company reported an increase in both its bottom and top-line performance during this period, indicating a strong performance despite various challenges faced by the banking industry. The bank's revenue for the quarter stood at $2.01 billion, showing a significant improvement of 9.259% compared to the previous year. However, there was a slight decrease of -2.099% quarter on quarter. Despite this minor decline, Fifth Third Bancorp's revenue growth remains commendable, showcasing its ability to generate consistent income.
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Per Share |
Current |
Earnings (TTM) |
3.23 $ |
Revenues (TTM) |
11.93 $
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Cash Flow (TTM) |
- |
Cash |
33.45 $
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Book Value |
27.91 $
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Dividend (TTM) |
1.43 $ |
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Per Share |
|
Earnings (TTM) |
3.23 $
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Revenues (TTM) |
11.93 $ |
Cash Flow (TTM) |
- |
Cash |
33.45 $
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Book Value |
27.91 $ |
Dividend (TTM) |
1.43 $ |
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Commercial |
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Segment |
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of total Revenue |
Retail |
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Segment |
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of total Revenue |
Consumer Lending |
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Segment |
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of total Revenue |
Investment Advisors |
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Segment |
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of total Revenue |
General and other |
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Segment |
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of total Revenue |
Other |
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of total Revenue |
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Fifth Third Bancorp's Operating Statistics
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