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Fifth Third Bancorp (FITB)

(Real Time Quote from BATS)

$37.08 USD

37.08
418,545

+0.02 (0.05%)

Updated Apr 24, 2024 10:36 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value C Growth A Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 17% (44 out of 252)

Industry: Banks - Major Regional

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Balance Sheet

Research for FITB

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Fifth Third Bancorp falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 26,123 12,231 38,078 37,106 5,525
Receivables 114,912 119,286 110,158 106,329 108,356
Notes Receivable 0 0 0 0 0
Inventories 378 1,007 4,415 4,741 1,400
Other Current Assets 0 0 0 0 0
Total Current Assets 141,413 132,524 152,651 148,176 115,281
Net Property & Equipment 2,349 2,187 2,120 2,088 1,995
Investments & Advances 51,034 51,825 38,494 37,837 36,609
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 6,781 6,830 5,791 5,053 5,446
Deposits & Other Assets 12,997 14,086 12,060 11,526 10,038
Total Assets 214,574 207,452 211,116 204,680 169,369
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 3,054 5,018 1,261 1,492 1,271
Accounts Payable 168,912 163,690 169,324 159,081 127,062
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 2,195 1,822 2,233 2,614 2,441
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 174,161 170,530 172,818 163,187 130,774
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 16,380 13,714 11,821 14,973 14,970
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 4,861 5,881 4,267 3,409 2,422
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 195,402 190,125 188,906 181,569 148,166
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 2,116 2,116 2,116 2,116 1,770
Common Stock (Par) 2,051 2,051 2,051 2,051 2,051
Capital Surplus 3,757 3,684 3,624 3,635 3,599
Retained Earnings 22,997 21,689 20,236 18,384 18,315
Other Equity -4,487 -5,110 1,207 2,601 1,192
Treasury Stock 7,262 7,103 7,024 5,676 5,724
Total Shareholder's Equity 19,172 17,327 22,210 23,111 21,203
Total Liabilities & Shareholder's Equity 214,574 207,452 211,116 204,680 169,369
Total Common Equity 17,056 15,211 20,094 20,995 19,433
Shares Outstanding 681.00 686.40 683.70 712.40 709.60
Book Value Per Share 25.05 22.16 29.39 29.47 27.39

Fiscal Year End for Fifth Third Bancorp falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 26,787 26,123 22,982 14,676 13,748
Receivables 114,167 114,912 117,748 119,564 120,642
Notes Receivable NA 0 0 0 0
Inventories 339 378 614 760 749
Other Current Assets NA 0 0 0 0
Total Current Assets 141,293 141,413 141,344 135,000 135,139
Net Property & Equipment 2,376 2,349 2,303 2,275 2,219
Investments & Advances 50,691 51,034 48,145 49,662 51,044
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles 6,789 6,781 6,877 6,829 6,797
Deposits & Other Assets 13,357 12,997 14,298 13,510 13,458
Total Assets 214,506 214,574 212,967 207,276 208,657
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable 3,113 3,054 4,799 5,980 7,541
Accounts Payable 169,587 168,912 167,672 164,128 162,975
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses 1,965 2,195 1,834 1,765 1,577
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities 174,665 174,161 174,305 171,873 172,093
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt 15,444 16,380 16,310 12,278 12,893
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 5,379 5,808 5,316 5,307
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities 195,488 195,402 196,423 189,467 190,293
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock 2,116 2,116 2,116 2,116 2,116
Common Stock (Par) 2,051 2,051 2,051 2,051 2,051
Capital Surplus 3,742 3,757 3,733 3,708 3,682
Retained Earnings 23,224 22,997 22,747 22,366 22,032
Other Equity -4,888 -4,487 -6,839 -5,166 -4,245
Treasury Stock 7,227 7,262 7,264 7,266 7,272
Total Shareholder's Equity 19,018 19,172 16,544 17,809 18,364
Total Liabilities & Shareholder's Equity 214,506 214,574 212,967 207,276 208,657
Total Common Equity 16,902 17,056 14,428 15,693 16,248
Shares Outstanding 681.20 681.00 680.80 680.70 681.00
Book Value Per Share 24.81 25.05 21.19 23.05 23.86