Last $20.95 USD
Change Today -0.90 / -4.12%
Volume 17.0M
FITB On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

fifth third bancorp (FITB) Snapshot

Open
$21.31
Previous Close
$21.85
Day High
$21.52
Day Low
$20.75
52 Week High
03/21/14 - $23.90
52 Week Low
04/18/13 - $15.62
Market Cap
17.8B
Average Volume 10 Days
8.9M
EPS TTM
$1.77
Shares Outstanding
851.5M
EX-Date
03/27/14
P/E TM
11.8x
Dividend
$0.48
Dividend Yield
2.29%
Current Stock Chart for FIFTH THIRD BANCORP (FITB)

fifth third bancorp (FITB) Related Businessweek News

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fifth third bancorp (FITB) Details

Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and 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. The Branch Banking segment provides a range of deposit, loan, and lease 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. The Consumer Lending segment is engaged in the mortgage and home equity lending activities, such as origination, retention, and servicing of mortgage and home equity loans or lines of credit; and other indirect lending activities, including loans to consumers through mortgage brokers and automobile dealers. The Investment Advisors segment offers 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 asset management services; holistic strategies to affluent clients in wealth planning, investing, insurance, and wealth protection; and advisory services for institutional clients comprising states and municipalities. As of February 5, 2014, the company operated 1,313 full-service banking centers, including 102 Bank Mart locations, as well as 2,607 automated teller machines. Fifth Third Bancorp was founded in 1862 and is headquartered in Cincinnati, Ohio.

19,446 Employees
Last Reported Date: 02/24/14
Founded in 1862

fifth third bancorp (FITB) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Membe...
Total Annual Compensation: $1.0M
President, Chief Operating Officer and Chief ...
Total Annual Compensation: $695.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $313.4K
Chief Risk & Credit Officer and Executive Vic...
Total Annual Compensation: $1.3M
Senior Executive Vice President
Total Annual Compensation: $570.0K
Compensation as of Fiscal Year 2013.

fifth third bancorp (FITB) Key Developments

Fifth Third Bancorp Announces Board Changes

Fifth Third Bancorp announced that its Board of Directors has elected James P. Hackett as the non-executive chairman of the Board following the retirement of William Isaac at the Annual Meeting of the Shareholders. Additionally, the Board elected Marsha C. Williams as the lead director of the Board to replace Hackett. Hackett is vice chair of the board of directors of Steelcase Inc., a manufacturer of office systems. He retired from the CEO role at Steelcase in February 2014, after overseeing all domestic and international operations of the company for more than 19 years. Williams is the retired senior vice president and chief financial officer for Orbitz Worldwide Inc. Williams also previously served as executive vice president and CFO of Equity Office Properties Trust.

Fifth Third Bancorp Announces Executive Changes

Fifth Third Bancorp announced that Steven Alonso, most recently executive vice president and head of the Consumer Bank, will take on a new role as regional president of a newly created Fifth Third Bank (Indiana) affiliate. Alonso will lead Fifth Third's operations within the state of Indiana under the new Fifth Third Bank (Indiana) affiliate, encompassing the Bank's Southern and Central Indiana affiliates. He will continue to report to Greg Carmichael, president and chief operating officer for Fifth Third Bancorp. Alonso joined Fifth Third Bank in November 2008, and prior to his role as head of the Consumer Bank, he served as executive vice president and head of Mortgage and Consumer Lending. He also has been responsible for Business Banking for the Bancorp. Chad Borton, former senior vice president and Head of the Retail Bank will now become executive vice president and Head of the Consumer Bank, succeeding Alonso and reporting to Carmichael. Prior to joining Fifth Third in July 2012, Borton held several senior management positions at JP Morgan Chase, including Consumer Bank chief financial officer and head of the Retail Distribution Network. Replacing Borton as Head of the Retail Bank is Mike Butera, former senior vice president and Retail Executive for Fifth Third's Cincinnati affiliate. Butera joined the Bank in 2003 as the Retail CFO and also served as managing director of Distribution Strategy and managing director in the Strategic Planning group.

Fifth Third Bank Announces Financial Supply Chain Management Services

Fifth Third Bank announced a service offering for companies with more than $500 million in revenue that will help optimize their financial supply chain, which includes the transactions that take place between the business and its suppliers involving the purchase of goods and services. Through this offering, the Bank works closely with clients to implement the appropriate financial supply chain solution to support the company's capital strategy while also improving the quality of supplier relationships. The banks approach takes into account all facets of a company's financial supply chain with a comprehensive analysis that includes liquidity needs, working capital, and payment efficiency.

 

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Industry Analysis

FITB

Industry Average

Valuation FITB Industry Range
Price/Earnings 10.5x
Price/Sales 2.9x
Price/Book 1.3x
Price/Cash Flow 9.7x
TEV/Sales 0.2x
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