Skip to Content

Fifth Third Bancorp FITB Stock Quote

| Rating as of

NASDAQ:FITB

Morningstar‘s Stock Analysis FITB

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Decreasing Our Fair Value Estimate for Fifth Third to $44 Per Share From $45

Business Strategy and Outlook

| Eric Compton, CFA |

Fifth Third’s reputation as a solidly profitable bank took a hit during the financial crisis. The bank regularly reported returns on equity that exceeded 17% before 2007, largely because of a strong line of fee-income businesses. In 2007, primarily because of weakness in some of the bank’s most significant markets--Ohio, Michigan, and Florida--loan losses began to pile up. Although management could not avoid the impact of operating in hard-hit economies, a generally increasing appetite for risk compounded the bank’s problems. Over the course of 2008-09, loan-loss provisions ate up more than 100% of net interest income. Since the crisis, much has changed, and management has made improvements to the underwriting process and generally improved the bank's risk management.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics FITB

Company Profile FITB

Business Description

Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking centers and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.

Contact
38 Fountain Square Plaza
Cincinnati, OH, 45263
T +1 800 972-3030
Industry Banks - Regional
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 19,187

Related News FITB