FIFTH THIRD BANCORP (FITB)

Price—Loading quote

AI: Fair-priced

Price checkThe price reflects strong merger benefits but leaves little room for setbacks.

The latest verifiable close found was $57.60 on August 5, 2026. That equals about 14.1 times annualized second-quarter adjusted earnings of $1.02 a share, or 17.3 times reported earnings of $0.83. It is also 2.49 times tangible book value of $23.15, meaning assets after debts and intangible items. Those are full valuations for a cyclical regional bank, but the adjusted 19% return on tangible shareholder capital supports them. The balance warrants a Fair-priced verdict.

Big pictureCore earnings look durable, though merger costs currently obscure the trend.

Common-shareholder income rose from $2.16 billion in 2024 to $2.38 billion in 2025. Second-quarter 2026 income reached $763 million, while adjusted earnings excluded $175 million of merger and other charges. Net interest income rose 14% from the first quarter to $2.22 billion, and fee income reached $1.06 billion. Cash left after capital spending was about $3.93 billion in 2025, but bank cash flow is inherently volatile because customer deposits and loans move through it; earnings, credit losses, and capital are better durability tests.

Business strengthCredit remains controlled, but the merger traded ownership dilution for greater scale.

Loan losses were 0.30% of average loans in the second quarter, down from 0.45% a year earlier, while problem assets were 0.60%. Common equity tier one capital—the main regulatory loss cushion—was 9.93%; the Federal Reserve’s severe scenario projected a 9.7% minimum. However, shares outstanding increased from 661.2 million in December to 906.6 million in June, mainly funding Comerica. Fifth Third repurchased $525 million of shares in 2025 but none in early 2026, while the $0.40 quarterly dividend offers a 2.8% annualized yield at the observed price.

What could change the storyA smooth systems conversion could justify the price; credit trouble could quickly undermine it.

The bull case requires Comerica’s scale to produce sustained adjusted earnings near or above the second quarter’s $1.02 per share, continued tangible book growth, and lower costs after the planned September systems conversion. Early evidence includes $2.5 billion of new consumer deposits in former Comerica markets and 35% fee growth at the Newline payments business. The bear case is failed integration or rising loan losses: reverting toward annualized reported earnings of $3.32 would leave the shares near 17 times earnings, an exposed valuation for a lender whose profits move with rates and credit cycles.

$57.60 price considered

AI: News

Second-quarter earningsProfit recovered as interest income and fees grew, but merger expenses still reduced reported earnings.

On July 17, Fifth Third reported $763 million of common-shareholder income and $0.83 per diluted share, versus $128 million and $0.15 in the first quarter. Adjusted earnings were $1.02 after excluding $0.19 of specified items, principally merger costs. Net interest income increased 14% sequentially, while loan losses improved to 0.30%. Shares nevertheless closed 2.29% lower that day; the timing supports association, not proof that the report caused the decline.

Stress-test resilienceThe Federal Reserve’s severe test showed a substantial capital cushion under an extreme recession.

Results published June 24 projected Fifth Third’s main common-equity capital ratio falling from 10.8% to a minimum of 9.7% under the Federal Reserve’s hypothetical severe downturn. That remained well above the 4.5% regulatory minimum before additional buffers. The result supports balance-sheet resilience and the capacity to keep lending through stress, although Fifth Third’s separate stress capital buffer remains 3.2%, limiting how aggressively it can distribute capital.

Comerica merger completedThe all-stock Comerica deal greatly expanded Fifth Third while issuing many new shares.

Fifth Third completed the Comerica merger on February 2, creating the ninth-largest United States bank with about $294 billion of assets. The combined company entered faster-growing markets including Texas, California, and the Southeast and gained two fee businesses producing roughly $1 billion each annually. The value mechanism is broader deposits, fees, and cost savings. The offset is integration risk and dilution: outstanding shares subsequently rose about 37% from December 2025 to June 2026.

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Financial statements

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	—	—	$577.0M	$589.0M	$600.0M	$559.0M	$565.0M	$549.0M	$554.0M	$558.0M	—	—	—	—	—	—	—	—	—
Operating expenses	$5.14B	$5.03B	$5.21B	$4.72B	$4.75B	$4.72B	$4.66B	$3.96B	$3.78B	$3.76B	$3.77B	$3.71B	$3.96B	$4.08B	$3.76B	$3.85B	$3.83B	$4.56B	$3.31B
Net income	$2.52B	$2.31B	$2.35B	$2.45B	$2.77B	$1.43B	$2.51B	$2.19B	$2.18B	$1.55B	$1.71B	$1.48B	$1.84B	$1.58B	$1.30B	$753.0M	$737.0M	−$2.11B	$1.08B
Basic EPSper diluted share	$3.56	$3.16	$3.23	$3.38	$3.78	$1.84	$3.38	$3.11	$2.86	$1.92	$2.03	$1.68	$2.05	$1.69	$1.20	$0.63	$0.73	-$3.91	$1.99
Diluted EPSper diluted share	$3.53	$3.14	$3.22	$3.35	$3.73	$1.83	$3.33	$3.06	$2.81	$1.91	$2.01	$1.66	$2.02	$1.66	$1.18	$0.63	$0.67	-$3.91	$1.98

Review source filings at SEC.gov ↗

Insider buys & sells

Jul 1, 2024–Jun 30, 2026

Buys2$123.7K disclosed value

Sells (SEC code S)62$19.33M disclosed value

Transaction	Insider	Type	Shares	Price	Value	Owned after
Apr 28, 2026Form 4	Sefzik Peter LEVP	SellCommon Stock	200	$50.47	$10.1K	189.4K
Apr 28, 2026Form 4	Sefzik Peter LEVP	SellCommon Stock	100	$50.47	$5.0K	189.6K
Apr 28, 2026Form 4	Sefzik Peter LEVP	SellCommon Stock	18.8K	$50.46	$947.0K	189.7K
Apr 28, 2026Form 4	Sefzik Peter LEVP	SellCommon Stock	435	$50.45	$21.9K	208.4K
Apr 28, 2026Form 4	Sefzik Peter LEVP	SellCommon Stock	100	$50.45	$5.0K	208.9K

Review ownership filings at SEC.gov ↗

FIFTH THIRD BANCORP (FITB)

Financial charts

Financial statements

Insider buys & sells