Docoh
Loading...

FITB Fifth Third Bancorp

Fifth Third Bank is a bank headquartered in Cincinnati, Ohio, at Fifth Third Center. It is the principal subsidiary of Fifth Third Bancorp, a diversified bank holding company. One of the largest consumer banks in the Midwestern United States, it operates 1,154 branches and 2,469 automated teller machines in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bank is incorporated in Ohio. It was state-chartered until late 2019, when it obtained a national charter. The name "Fifth Third" is derived from the names of the bank's two predecessor companies, Third National Bank and Fifth National Bank, which merged in 1909.

Company profile

Ticker
FITB, FITBI, FITBP, FITBO
Exchange
Website
CEO
Gregory Carmichael
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
310854434

FITB stock data

(
)

Investment data

Data from SEC filings
Top 50 of 2362 long holdings
End of quarter 31 Dec 20
Value
 
#Shares
 
$1.06B 2.81M
$1.01B 7.62M
$662.3M 2.98M
$554.65M 170.3K
$485.67M 3.49M
$355.65M 202.92K
$317.76M 849.9K
$301.68M 2.37M
$288.11M 3.39M
$286.72M 1.25M
$281.94M 1.64M
$279M 1.05M
$264.56M 741.19K
$258.11M 750.99K
$254.11M 3.68M
$231.7M 848.22K
$230.25M 3.15M
$222.83M 2.42M
$219.62M 1.4M
$203.19M 1.12M
Vanguard Tax-managed Intl FD
$200.6M 4.25M
$190.02M 541.87K
$177.14M 2.58M
$166.51M 2.16M
$165.19M 5.45M
$161.13M 1.5M
$161.11M 345.89K
$157.73M 884.33K
$153.19M 1.08M
$150.42M 288.05K
$143M 81.62K
$138.87M 575.89K
$137.31M 1.88M
$136.09M 639.83K
$131.58M 1.2M
$129.72M 604.51K
$129.46M 660.3K
$126.72M 598.19K
$126.65M 2.04M
$125.68M 847.44K
$121.85M 585.19K
$116.76M 525.6K
$115.04M 798.05K
Vanguard Intl Equity Index F
$113.43M 2.26M
$111.46M 1.8M
$107.21M 2.15M
$106.66M 1.56M
$102.89M 2.67M
$102.88M 234.97K
$102.09M 2.77M
Holdings list only includes long positions. Only includes long positions.

Calendar

25 Feb 21
28 Feb 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Feb 21 Shaffer Robert P Common Stock Sell Dispose S No No 35.47 13,428 476.29K 51,008.68
19 Feb 21 Carmichael Greg D Common Stock Sell Dispose S No No 34.16 155,143 5.3M 639,468
17 Feb 21 Anderson Lars C Common Stock Grant Aquire A No No 0 17,745 0 150,430
17 Feb 21 Anderson Lars C Common Stock Payment of exercise Dispose F No No 28.93 9,438 273.04K 132,685
17 Feb 21 Anderson Lars C Common Stock Grant Aquire A No No 0 23,063 0 142,123
17 Feb 21 Anderson Lars C Stock Appreciation Right Common Stock Grant Aquire A No No 33.53 32,526 1.09M 32,526
17 Feb 21 Carmichael Greg D Common Stock Grant Aquire A No No 0 60,021 0 794,611
17 Feb 21 Carmichael Greg D Common Stock Payment of exercise Dispose F No No 28.93 35,315 1.02M 734,590
17 Feb 21 Carmichael Greg D Common Stock Grant Aquire A No No 0 78,172 0 769,905
17 Feb 21 Carmichael Greg D Stock Appreciation Right Common Stock Grant Aquire A No No 33.53 110,013 3.69M 110,013
77.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 722 623 +15.9%
Opened positions 159 61 +160.7%
Closed positions 60 72 -16.7%
Increased positions 223 180 +23.9%
Reduced positions 219 260 -15.8%
13F shares
Current Prev Q Change
Total value 15.21B 12.05B +26.2%
Total shares 548.22M 563.91M -2.8%
Total puts 1.82M 2.14M -14.8%
Total calls 1.73M 3.45M -49.8%
Total put/call ratio 1.1 0.6 +69.6%
Largest owners
Shares Value Change
Vanguard 82.39M $2.27B -1.6%
BLK Blackrock 56.4M $1.55B -0.8%
TROW T. Rowe Price 54.4M $1.5B -16.4%
STT State Street 36.84M $1.03B +6.6%
BAC Bank Of America 32.36M $892.23M -3.8%
IVZ Invesco 21.85M $602.32M +1.1%
Boston Partners 20.66M $569.53M +1.6%
Geode Capital Management 12.58M $346.13M +1.5%
JPM JPMorgan Chase & Co. 12.56M $346.36M -25.8%
Dimensional Fund Advisors 9.68M $266.97M +0.4%
Largest transactions
Shares Bought/sold Change
Sanders Capital 0 -14.99M EXIT
TROW T. Rowe Price 54.4M -10.7M -16.4%
RY Royal Bank Of Canada 6.9M +5.73M +493.7%
JPM JPMorgan Chase & Co. 12.56M -4.37M -25.8%
Alliancebernstein 4.56M +3.26M +250.6%
Citadel Advisors 5.5M +2.95M +116.0%
Nuveen Asset Management 8.08M +2.56M +46.4%
STT State Street 36.84M +2.28M +6.6%
Arrowstreet Capital, Limited Partnership 0 -1.83M EXIT
Hotchkis & Wiley Capital Management 2.49M -1.81M -42.1%

Financial report summary

?
Risks
  • Deteriorating credit quality has adversely impacted Fifth Third in the past and may adversely impact Fifth Third in the future.
  • Fifth Third may have more credit risk and higher credit losses to the extent loans are concentrated by location or industry of the borrowers or collateral.
  • Problems encountered by financial institutions larger than or similar to Fifth Third could adversely affect financial markets generally and have direct and indirect adverse effects on Fifth Third.
  • Fifth Third must maintain adequate sources of funding and liquidity.
  • Fifth Third and/or the holders of its securities could be adversely affected by unfavorable ratings from rating agencies.
  • If Fifth Third is unable to maintain or grow its deposits, it may be subject to paying higher funding costs.
  • The Bancorp’s ability to receive dividends from its subsidiaries accounts for most of its revenue and could affect its liquidity and ability to pay dividends.
  • Fifth Third is exposed to cyber security risks, including denial of service, hacking and identity theft, which could result in the disclosure, theft or destruction of confidential information.
  • Fifth Third relies on its systems and certain third-party service providers and certain failures could materially adversely affect operations.
  • Fifth Third may not be able to effectively manage organizational changes and implement key initiatives in a timely fashion, or at all, due to competing priorities which could adversely affect its business, results of operations, financial condition and reputation.
  • Fifth Third may not be able to successfully implement future information technology system enhancements, which could adversely affect Fifth Third’s business operations and profitability.
  • Fifth Third’s framework for managing risks may not be effective in mitigating its risk and loss.
  • Fifth Third may experience losses related to fraud, theft or violence.
  • Fifth Third could suffer if it fails to attract and retain skilled personnel.
  • Fifth Third and/or its affiliates are or may become involved from time to time in information-gathering requests, investigations and litigation, regulatory or other enforcement proceedings by various governmental regulatory agencies and law enforcement authorities, as well as self-regulatory agencies which may lead to adverse consequences.
  • Fifth Third may be required to repurchase residential mortgage loans or reimburse investors and others as a result of breaches in contractual representations and warranties.
  • Fifth Third could suffer from unauthorized use of intellectual property.
  • Fifth Third is subject to various regulatory requirements that may limit its operations and potential growth.
  • Fifth Third could face serious negative consequences if its third-party service providers, business partners or investments fail to comply with applicable laws, rules or regulations.
  • As a regulated entity, the Bancorp is subject to certain capital requirements that may limit its operations, potential growth and ability to pay or increase dividends on its common stock or to repurchase its capital stock.
  • Regulation of Fifth Third by the Commodity Futures Trading Commission (“CFTC”) imposes additional operational and compliance costs.
  • Deposit insurance premiums levied against the Bank may increase if the number of bank failures increase or the cost of resolving failed banks increases.
  • If an orderly liquidation of a systemically important BHC or non-bank financial company were triggered, Fifth Third could face assessments for the Orderly Liquidation Fund.
  • The replacement of LIBOR could adversely affect Fifth Third’s revenue or expenses and the value of those assets or obligations.
  • Weakness in the U.S. economy, including within Fifth Third’s geographic footprint, has adversely affected Fifth Third in the past and may adversely affect Fifth Third in the future.
  • Financial disruption or a prolonged economic downturn could materially and adversely affect Fifth Third’s business.
  • Global and domestic political, social and economic uncertainties and changes may adversely affect Fifth Third.
  • Changes and trends in the capital markets may affect Fifth Third’s income and cash flows.
  • Fifth Third’s stock price is volatile.
  • Fifth Third’s mortgage banking net revenue can be volatile from quarter to quarter.
  • If Fifth Third does not respond to intense competition and rapid changes in the financial services industry or otherwise adapt to changing customer preferences, its financial performance may suffer.
  • Changes in retail distribution strategies and consumer behavior may adversely impact Fifth Third’s investments in its bank premises and equipment and other assets and may lead to increased expenditures to change its retail distribution channel.
  • Difficulties in identifying suitable opportunities or combining the operations of acquired entities or assets with Fifth Third’s own operations or assessing the effectiveness of businesses in which Fifth Third makes strategic investments or with which Fifth Third enters into strategic contractual relationships may prevent Fifth Third from achieving the expected benefits from these acquisitions, investments or relationships.
  • Future acquisitions may dilute current shareholders’ ownership of Fifth Third and may cause Fifth Third to become more susceptible to adverse economic events.
  • Fifth Third may sell or consider selling one or more of its businesses or investments. Should it determine to sell such a business or investment, it may not be able to generate gains on sale or related increase in shareholders’ equity commensurate with desirable levels. Moreover, if Fifth Third sold such businesses or investments, the loss of income could have an adverse effect on its earnings and future growth.
  • Changes in accounting standards or interpretations could impact Fifth Third’s reported earnings and financial condition.
  • Fifth Third uses models for business planning purposes that may not adequately predict future results.
  • The preparation of financial statements requires Fifth Third to make subjective determinations and use estimates that may vary from actual results and materially impact its results of operations or financial position.
  • Weather-related events, other natural disasters, or health emergencies may have an effect on the performance of Fifth Third’s loan portfolios, thereby adversely impacting its results of operations.
  • Societal responses to climate change could adversely affect Fifth Third’s business and performance, including indirectly through impacts on Fifth Third’s customers.
  • Fifth Third is exposed to reputational risk.
  • Potential noncompliance with evolving federal and state laws governing cannabis-related businesses (CRBs) could subject Fifth Third to liabilities.
  • The COVID-19 pandemic creates significant risks and uncertainties for Fifth Third’s business.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: ABW, ACL, adjudication, African, AFS, agenda, amidst, Annuity, Asian, ban, behave, belonging, Biden, Black, bound, bridge, briefly, bullish, calibrate, cardholder, certainty, child, CIBC, circumstance, Citigroup, color, complaint, compression, congregation, consecutive, context, Cox, cruise, cut, dampened, disease, distancing, Dowd, Downside, downturn, Dr, dramatic, earlier, encompassed, encourage, encouraged, enrolled, environmental, ESG, eviction, evidenced, Fannie, feedback, fell, forbearance, foreseeable, forgiven, formulating, foster, Fox, FR, Freddie, Garrett, Geller, gender, Hammond, Hansen, hardship, harmonize, healthy, host, hour, Howard, HTM, hygiene, idiosyncratic, Ill, infection, infringement, intellectual, intentionally, interagency, Islander, Jula, Kristine, Lastly, Latino, Lee, leisure, LGBTQ, lifted, lifting, lockdown, Mac, Mae, makeup, Margaret, meaningfully, medium, Melissa, Meyer, misappropriation, missing, moratorium, multinational, noncredit, nursing, Omnichannel, onboarding, onset, optimistic, outsourced, overwhelm, Pacific, pandemic, paper, pause, Paycheck, PCD, Pemberton, penalty, physician, picture, placement, PPP, pre, progressed, prolonged, pulse, racial, reaction, recalculate, recalculated, Reese, reevaluate, refinance, regained, replenishment, restoration, restore, restored, resubmission, resume, resuming, Rev, reverting, revisit, Richard, rollover, rose, round, Rudman, runoff, salary, semiannual, sense, sentiment, sheltering, shock, shutdown, sick, smooth, sooner, steepening, Stein, Steven, submission, Subtopic, supply, suppressed, suspend, suspended, suspending, suspension, territory, thriving, tight, tighter, transportation, Trump, turnover, undeclared, unenforceable, unfolded, unlimited, unprecedented, upholding, upstream, USD, vacation, vaccination, vaccine, valuable, verification, Vision, waiver, widened, widening, window, women, workforce, worse, Young
Removed: andpre, ASF, aspect, assignment, atdecember, bankcard, bothDecember, BPO, broaden, carryback, certiorari, claimant, classifying, column, decremental, endedDecember, escalate, escalated, exchanged, filter, focusing, granular, hearing, Hennepin, holistic, HQLA, imply, improperly, includinglow, inInternal, inspection, interior, judicial, LCR, linkage, Louisville, McHugh, Minnesota, moderately, NSFR, object, ofDecember, owed, partnership, petition, Philip, predominately, preliminary, preparing, reach, refinanced, remanding, reportable, RSF, segmentation, segmented, setting, similarity, simplify, slightly, softer, substantively, surcharge, sustainable, TCJA, theInternal, top, track, tradeoff, unchanged, unconfirmed, Uniform, unresolved, validation, Vendor, victim, writ