Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of December 31, 2020, the Company had $205 billion in assets and operated 1,134 full-service Banking Centers, and 2,397 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 52,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2020, had $434 billion in assets under care, of which it managed $54 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses.

Company profile
Ticker
FITB, FITBI, FITBP, FITBO
Exchange
Website
CEO
Gregory Carmichael
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Fifth Third Financial Corporation • Ashland Management Agency, LLC • Fifth Third Commercial Funding, Inc. • Fifth Third Community Development Company, LLC • 5/3 BS IV Investment Fund LLC • 5/3 CityLink Investment Fund LLC • 5/3 Keyer Row Investment Fund LLC • 5/3 Warsaw Creative Investment Fund LLC • 5/3 Willkommen Investment Fund LLC • 5/3 Willkommen Investment Fund 2 LLC ...
IRS number
310854434
FITB stock data
News

Peering Into Fifth Third Bancorp's Recent Short Interest
12 Aug 22
Barclays Maintains Overweight on Fifth Third Bancorp, Lowers Price Target to $53
22 Jul 22
Fifth Third Bancorp: Q2 Earnings Insights
21 Jul 22
Fifth Third Bancorp Q2 EPS $0.76 Misses $0.88 Estimate
21 Jul 22
Earnings Scheduled For July 21, 2022
21 Jul 22
Press releases
Fifth Third Bank Hosts Sixth Supplier Diversity Summit to Educate and Connect Diverse Suppliers
10 Aug 22
Fifth Third Bancorp Announces Earnings Release Dates for 2023
29 Jul 22
Fifth Third Bank to Increase Prime Lending Rate to 5.50%
27 Jul 22
Fifth Third Bank Launches the New Tampa Bay Buccaneers Debit Card
27 Jul 22
Fifth Third Bank's Mark Heckler to Succeed Retiring Mark Hoppe as Chicago Region President
25 Jul 22
Analyst ratings and price targets
Current price
Average target
$44.58
Low target
$37.00
High target
$53.00
Barclays
Maintains
$53.00
Morgan Stanley
Maintains
$43.00
Wells Fargo
Maintains
$43.00
Baird
Upgraded
$44.00
Goldman Sachs
Maintains
$47.50
Wolfe Research
Maintains
$37.00
Investment data
Top 50 of 2649 long holdings End of quarter 30 Jun 22 |
Value |
#Shares |
---|---|---|
$1.06B | 2.79M | |
$933.64M | 6.83M | |
$754.45M | 2.94M | |
$443.5M | 3.08M | |
$442.25M | 202.94K | |
$374.19M | 3.52M | |
$313.44M | 1.39M | |
$302.28M | 801.28K | |
$296.56M | 577.37K | |
$296.46M | 1.72M | |
$288.93M | 3.17M | |
$279.66M | 806.23K | |
$277.51M | 1.01M | |
$277.46M | 3M | |
$261.95M | 2.33M | |
$255.53M | 1.44M | |
$249.48M | 4.24M | |
$249.29M | 1.63M | |
$229.46M | 3.66M | |
$227.95M | 722.56K | |
Vanguard Tax-managed Intl FD
|
$206.04M | 5.05M |
$202.1M | 3.13M | |
$190M | 6.1M | |
$188.4M | 1.24M | |
$175.45M | 1.21M | |
$174.06M | 320.39K | |
$172.74M | 2.23M | |
$164.59M | 75.24K | |
$159.91M | 3.05M | |
$153.04M | 619.9K | |
$151.5M | 1.16M | |
$147.79M | 692.92K | |
$144.3M | 852.02K | |
$143.42M | 1.89M | |
$138.06M | 284.19K | |
$134.97M | 532.38K | |
$133.86M | 803.18K | |
$129.13M | 2.07M | |
$119.32M | 1.1M | |
$115.07M | 1.49M | |
Vanguard Intl Equity Index F
|
$114.32M | 2.74M |
$113.35M | 545.58K | |
$113.26M | 702.36K | |
$108.99M | 751.81K | |
$106.6M | 487.4K | |
$106.37M | 1.24M | |
$106.17M | 1.04M | |
$106.01M | 1.12M | |
$105.68M | 608.03K | |
$104.88M | 664.76K |
Holdings list only includes long positions.
Only includes long positions.
Calendar
5 Aug 22
16 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Jul 22 | Timothy Spence | Common Stock | Grant | Acquire A | No | No | 0 | 31,157 | 0 | 216,654 |
5 Jul 22 | Timothy Spence | Stock Appreciation Rights Common Stock | Grant | Acquire A | No | No | 33.7 | 48,965 | 1.65M | 48,965 |
2 Jun 22 | Lavender Kevin P | Common Stock | Sell | Dispose S | No | No | 39.24 | 6,500 | 255.06K | 71,008 |
17 May 22 | Nancy C. Pinckney | Common Stock | Payment of exercise | Dispose F | No | No | 37.18 | 234 | 8.7K | 25,684 |
17 May 22 | Jude Schramm | Common Stock | Sell | Dispose S | No | No | 36.93 | 2,500 | 92.33K | 45,844 |
17 May 22 | Richard L. Stein | Common Stock | Payment of exercise | Dispose F | No | No | 37 | 409 | 15.13K | 42,155 |
Institutional ownership, Q1 2022
79.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 919 |
Opened positions | 95 |
Closed positions | 85 |
Increased positions | 312 |
Reduced positions | 299 |
13F shares | Current |
---|---|
Total value | 23.37B |
Total shares | 542.29M |
Total puts | 2.1M |
Total calls | 1.7M |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 83.01M | $3.57B |
BLK Blackrock | 54.23M | $2.33B |
Capital World Investors | 40.47M | $1.74B |
TROW T. Rowe Price | 33.81M | $1.46B |
STT State Street | 33.69M | $1.46B |
BAC Bank Of America | 24.57M | $1.06B |
Boston Partners | 16.53M | $711.31M |
IVZ Invesco | 15.5M | $667.33M |
JPM JPMorgan Chase & Co. | 14.68M | $631.65M |
Geode Capital Management | 13.68M | $587.62M |
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 that create both operational and reputational risk for the Bank and its customers across all lines of business.
- Fifth Third relies on its systems and certain third-party service providers and certain failures (including those driven by climate-related weather events) 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 is subject to extensive governmental regulation which could adversely impact Fifth Third or the businesses in which Fifth Third is engaged.
- 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.
- 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.
- Damage to Fifth Third’s reputation could harm its business.
- Fifth Third is subject to environmental, social and governance (“ESG”) risks that could adversely affect its reputation, the trading price of its common stock and/or its business, operations, and earnings.
- 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.
- Global climate change, 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.
- 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:
aggressive, backlog, Bloomberg, brought, campaign, challenging, conflict, dramatic, earlier, entrenched, environmental, evolution, expeditiously, facing, fell, Indenture, installation, LaSalle, launch, preliminary, pull, pushing, softened, solar, spectrum, stayed, Twelfth, war, weighed, Wilmington, workplace
Financial reports
Current reports
8-K
Other Events
28 Jul 22
8-K
Other Events
25 Jul 22
8-K
Fifth Third Announces Second Quarter 2022 Results
21 Jul 22
8-K
Results reaffirm Fifth Third’s balance sheet strength
27 Jun 22
8-K
Departure of Directors or Certain Officers
17 Jun 22
8-K
Regulation FD Disclosure
14 Jun 22
8-K
Regulation FD Disclosure
9 May 22
8-K
Other Events
25 Apr 22
8-K
Other Events
20 Apr 22
8-K
Fifth Third Announces First Quarter 2022 Results
19 Apr 22
Registration and prospectus
424B5
Prospectus supplement for primary offering
26 Jul 22
FWP
Free writing prospectus
25 Jul 22
424B3
Prospectus supplement
25 Jul 22
424B5
Prospectus supplement for primary offering
21 Apr 22
FWP
Free writing prospectus
20 Apr 22
424B3
Prospectus supplement
20 Apr 22
S-3ASR
Automatic shelf registration
28 Mar 22
424B5
Prospectus supplement for primary offering
29 Oct 21
FWP
Free writing prospectus
28 Oct 21
424B3
Prospectus supplement
28 Oct 21
Proxies
DEFA14A
Additional proxy soliciting materials
1 Mar 22
DEFA14A
Additional proxy soliciting materials
24 Mar 21
DEFA14A
Additional proxy soliciting materials
2 Mar 21
PRE 14A
Preliminary proxy
19 Feb 21
DEFA14A
Additional proxy soliciting materials
24 Mar 20
DEFA14A
Additional proxy soliciting materials
4 Mar 20
DEF 14A
Definitive proxy
4 Mar 20
Other
UPLOAD
Letter from SEC
6 Jul 20
CORRESP
Correspondence with SEC
1 Jul 20
UPLOAD
Letter from SEC
24 Jun 20
CERT
Certification of approval for exchange listing
1 Oct 19
CERT
Certification of approval for exchange listing
27 Aug 19
EFFECT
Notice of effectiveness
23 Jul 19
CORRESP
Correspondence with SEC
18 Jul 19
UPLOAD
Letter from SEC
1 Jul 19
CT ORDER
Confidential treatment order
19 Aug 18
EFFECT
Notice of effectiveness
6 Aug 18
Ownership
13F-HR
Quarterly holdings report by institutional manager
4 Aug 22
4
FIFTH THIRD BANCORP / Timothy Spence ownership change
7 Jul 22
4
FIFTH THIRD BANCORP / Kevin P Lavender ownership change
6 Jun 22
4
FIFTH THIRD BANCORP / Richard L. Stein ownership change
19 May 22
4
FIFTH THIRD BANCORP / Jude Schramm ownership change
19 May 22
4
FIFTH THIRD BANCORP / Nancy C. Pinckney ownership change
19 May 22
4
FIFTH THIRD BANCORP / GREG D CARMICHAEL ownership change
22 Apr 22
13F-HR
Quarterly holdings report by institutional manager
19 Apr 22
4
FIFTH THIRD BANCORP / MARSHA C WILLIAMS ownership change
14 Apr 22
4
FIFTH THIRD BANCORP / MICHAEL B MCCALLISTER ownership change
14 Apr 22
Patents
Utility
Methods for Spatially Relative Apportionment of Geospatial Data In Distributed Computing Systems, and Related Systems and Apparatus
9 Sep 21
A method and processing system for assessing of the health of a network of retail locations in a defined geographic area, by a process including the development of a greenfield benchmark score for a network of ideally sited locations, followed by the development of a brownfield score of current locations, for comparison to the greenfield score.
Utility
Methods for spatially relative apportionment of geospatial data in distributed computing systems, and related systems and apparatus
29 Jun 21
A method and processing system for assessing of the health of a network of retail locations in a defined geographic area, by a process including the development of a greenfield benchmark score for a network of ideally sited locations, followed by the development of a brownfield score of current locations, for comparison to the greenfield score.
Utility
Methods for Spatially Relative Apportionment of Geospatial Data In Distributed Computing Systems, and Related Systems and Apparatus
23 Sep 20
A method and processing system for assessing of the health of a network of retail locations in a defined geographic area, by a process including the development of a greenfield benchmark score for a network of ideally sited locations, followed by the development of a brownfield score of current locations, for comparison to the greenfield score.
Transcripts
2022 Q2
Earnings call transcript
21 Jul 22
2022 Q1
Earnings call transcript
19 Apr 22
2021 Q4
Earnings call transcript
20 Jan 22
2021 Q3
Earnings call transcript
19 Oct 21
2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
20 Apr 21
2020 Q4
Earnings call transcript
21 Jan 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
21 Apr 20
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21 Jul 22
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21 Jul 22
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Daily Discussion Thread - July 19th, 2022
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Daily Discussion Thread - July 18th, 2022
18 Jul 22
Daily Discussion Thread - June 29th, 2022
29 Jun 22
Daily Discussion Thread - June 28th, 2022
28 Jun 22
Daily Discussion Thread - June 27th, 2022
27 Jun 22
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