Live Analysis Fifth Third Bancorp's stock price stands at $50.4, reflecting a 0.142% increase from the previous close. With a trading volume of $807,526, the asset's performance remains steady today.
Earnings Overview The latest quarterly earnings report, released on Thursday, April 16th, exceeded expectations with a consensus estimate EPS of 0.85.
Dividends FITB offers a forward dividend yield of 3.17% and a dividend per share of 40 cents. The dividend per share year-over-year shows a positive increase.
Cash Flow The company reported a free cash flow of $754 million, with a net change in cash of $598 million. Operating cash flow stands at $929 million.
Income Statement FITB generated revenue of $3.87 billion, with a gross profit of $2.60 billion. The net income for the period was $165 million, resulting in an EPS of 16 cents.
Ratios Key ratios include a net profit margin of 4.27%, return on equity of 0.48%, and a price-to-earnings ratio of 58.08.
Balance Sheet Total assets amount to $297 billion, with total liabilities at $262.93 billion. The company holds $4 billion in cash and cash equivalents.
This comprehensive overview indicates FITB's strong financial standing and positive performance in the current market conditions.
Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Branch Banking segment provides a range of deposit and loan products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services for small businesses. The company's Consumer Lending segment engages in direct lending activities that include origination, retention, and servicing of residential mortgage and home equity loans or lines of credit; and indirect lending activities, including loans to consumers through correspondent lenders and automobile dealers. Fifth Third Bancorp's Wealth & Asset Management segment provides various investment alternatives for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. As of December 31, 2021, the company operated 1,117 full-service banking centers and 2,322 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.