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Fifth Third Bancorp  (FITB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $35.7700 $0.53 1.504%
Day's High: $35.35 Week Perf: -2.51 %
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



 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
   


Customers Net Income grew by FITB's Customers Net Profit Margin grew to

7.2 %

10.76 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -0.33%    
CFG   -2.19%    
FCNCA        2.47% 
NTRS        1.27% 
TCBI   -1.91%    
WAL   -1.75%    
• View Complete Report
   



Fifth Third Bancorp

Company X Faces Challenges in Financial Fourth Quarter of 2023

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.

Fifth Third Bancorp

Fifth Third Bancorp Beats Expectations with Strong Revenue Growth in Q3 2023

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.

Fifth Third Bancorp

Fifth Third Bancorp Exhibits Impressive Revenue Surge in Latest Fiscal Quarter, Defying Industry Challenges

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.






 

Fifth Third Bancorp's Segments
 
Commercial
 Segment     of total Revenue
Retail
 Segment     of total Revenue
Consumer Lending
 Segment     of total Revenue
Investment Advisors
 Segment     of total Revenue
General and other
 Segment     of total Revenue
Other
 Segment     of total Revenue
 
• View Complete Report

Fifth Third Bancorp's Operating Statistics Decrease / Increase
       
Interest Spread   Interest Spread Decline   
Interest margin   Interest margin Decline   
Nonperforming Assets Ratio   Nonperforming Assets Ratio Decline   
Allowance for loan losses   Allowance for loan losses Decline   
Tier1 Capital Ratio   Tier1 Capital Ratio Decline   
Total Capital Ratio   Total Capital Ratio Decline   
Leverage Ratio   Leverage Ratio Decline   
Tangible Common Equity Ratio   Tangible Common Equity Ratio Decline   
Efficiency Ratio   Efficiency Ratio Decline   




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