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Fifth Third Bancorp (FITB) |
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Price: $25.2750
$-0.64 
-2.451%
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| Day's High:
| $25.61
| Week Perf:
| -5.73 %
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| Day's Low: |
$ 25.53 |
30 Day Perf: |
-0.57 % |
| Volume (M): |
66 |
52 Wk High: |
$ 38.06 |
| Volume (M$): |
$ 1,695 |
52 Wk Avg: |
$30.12 |
| Open: |
$25.70 |
52 Wk Low: |
$22.11 |
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| Market Capitalization (Millions $) |
17,348 |
| Shares
Outstanding (Millions) |
686 |
| Employees |
19,112 |
| Revenues (TTM) (Millions $) |
8,197 |
| Net Income (TTM) (Millions $) |
2,549 |
| Cash Flow (TTM) (Millions $) |
-843 |
| Capital Exp. (TTM) (Millions $) |
453 |
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'). The Registrant, 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.
Company Address: 38 Fountain Square Plaza Cincinnati 45263 OH
Company Phone Number: 972-3030 Stock Exchange / Ticker: NASDAQ FITB
| FITB is expected to report next financial results on November 07, 2023. |
Next quarterly dividend pay out on October 23, 2023. |
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Customers Net Income grew by |
FITB's Customers Net Profit Margin fell to |
10.72 % |
14.64 %
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| Stock Performances by Major Competitors |
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Southern Missouri Bancorp Inc
Southern Missouri Bancorp Inc, a regional banking company, recently announced its financial results for the period ending June 30, 2023. Despite a decrease in income per share, the company experienced a significant increase in revenue. Additionally, the company reported an increase in net earnings compared to the same period last year.
During the fourth quarter of 2022, Southern Missouri Bancorp Inc earned $1.39 in earnings per share (EPS). However, this figure fell to $1.18 per share in the corresponding period this year. Despite the decrease in earnings, the company's revenue rose by an impressive 30.45% during this time. This positive growth in revenue outperformed other companies in the regional banks industry, which only experienced a 14.76% increase in business.
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Greene County Bancorp Inc
Greene County Bancorp Inc, a regional bank, recently reported its financial results for the fourth quarter of 2023 earnings season. The earnings season revealed a significant deterioration in earnings per share (EPS) and a slight decrease in revenue, in contrast to the industry as a whole. This article explores the key findings and delves into the company's profitability, operating margin, and future outlook.
Earnings Analysis
Greene County Bancorp Inc experienced an 81.02% decline in EPS to $0.15 and a 0.48% decrease in revenue to $17.20 million in the fourth quarter of 2023 earnings season, compared to the same period in the previous year. These declines in revenue were noteworthy when compared to the overall positive performance of the Regional Banks industry during the same period.
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William Penn Bancorporation
In the fourth quarter of 2023 earnings season, William Penn Bancorporation, a regional bank, reported disappointing financial results. The company disclosed a soft top and bottom-line, with earnings per share dropping by 39.84% and revenue declining by 11.358% year on year.
The company's revenue in the fourth quarter of 2023 was $5.85 million, down from $6.60 million in the same period a year before. Additionally, earnings per share decreased to $0.05 from $0.08 in the previous year. These figures indicate a decline in the company's financial performance.
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C And F Financial Corporation
CFFI, or C And F Financial Corporation, recently released its financial results for the April to June 30, 2023, period. While the company experienced a growth in revenue, its earnings per share (EPS) decreased compared to the previous year.
In terms of revenue, CFFI saw a 9.523% increase, reaching $30.41 million, compared to $27.76 million in the previous year. However, the company's income decreased by 3.66% to $1.84 per share, compared to $1.91 in the prior year reporting period.
Although CFFI's business growth was below that of its Regional Banks industry peers, it still experienced an average 14.81% relative advance compared to the same period the year before. When comparing the current reporting period to the previous one, EPS decreased by 1.08% from $1.86 per share, while revenue grew by 0.188% from $30.35 million.
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Bankwell Financial Group Inc
As a seasoned financial analyst, I am closely monitoring the latest financial reports of Bankwell Financial Group Inc in the fiscal second quarter of 2023. Unfortunately, the report unveils softer top and bottom-line performance, with earnings per share falling by -34.19% and revenue declining by -13.653% year on year. These results are indicative of challenges that the company faces in today's dynamic market environment.
Revenue and EPS Decline:
The fiscal second quarter of 2023 portrayed a disappointing picture, with revenue dropping from $26.42 million to $22.81 million, marking a -13.653% decline compared to the previous year. Similarly, the earnings per share (EPS) plummeted from $1.55 to $1.02, signifying a significant -34.19% decrease from the same interval a year before. These figures are certainly concerning for both existing shareholders and prospective investors.
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| Per Share |
Current |
| Earnings (TTM) |
3.52 $ |
| Revenues (TTM) |
11.94 $
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| Cash Flow (TTM) |
- |
| Cash |
17.6 $
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| Book Value |
25.95 $
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| Dividend (TTM) |
1.47 $ |
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| Per Share |
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| Earnings (TTM) |
3.52 $
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| Revenues (TTM) |
11.94 $ |
| Cash Flow (TTM) |
- |
| Cash |
17.6 $
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| Book Value |
25.95 $ |
| Dividend (TTM) |
1.47 $ |
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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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Segment |
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of total Revenue |
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| Fifth Third Bancorp's Operating Statistics
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Decrease / Increase
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| Interest Spread |
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| Interest margin |
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| Nonperforming Assets Ratio |
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| Allowance for loan losses |
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| Tier1 Capital Ratio |
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| Total Capital Ratio |
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| Leverage Ratio |
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| Tangible Common Equity Ratio |
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| Efficiency Ratio |
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2.08%