Fifth Third Bancorp - 4.95% PRF PERPETUAL USD 25 - Ser K Dp 1/1000th

Fifth Third Bancorp - 4.95% PRF PERPETUAL USD 25 - Ser K Dp 1/1000th

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Market Cap$51.21B
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P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Fifth Third Bancorp - 4.95% PRF PERPETUAL USD 25 - Ser K Dp 1/1000thFifth Third Bancorp - 4.95% PRF PERPETUAL USD 25 - Ser K Dp 1/1000th19.12.83%7%1.20.6

Earnings Call Q2 2026

July 17, 2026 - AI Summary

Strong second-quarter “integration into results” (profitability + efficiency + franchise growth): EPS was $0.83 (or $1.02 excluding certain items). Tangible book value per share rose +10% YoY, +1% sequentially, and +7% since the Comerica deal announcement. Adjusted ROTCE improved to 19%, ROA to 1.3%, and adjusted efficiency ratio to 57% (notably better even though most expense synergies are still not captured yet).
Earnings engine details—NIM, deposits, loans, and fee growth: - Net interest income: $2.22B; NIM +6 bps sequentially to 3.36% (driven by Comerica contribution, fixed-rate asset repricing benefits, loan growth, and deposit performance). - Loans: total $179B period-end, +1% sequentially; commercial C&I +2% sequentially (with broad growth across Comerica legacy/specialty areas). Provide platform loans up ~4% sequentially and SBA position improved (#31 → #15 nationally). - Deposits: end-of-period consumer + small business deposits +4% sequentially, driven by new acquisition. Southeast consumer checking households +7% YoY (~4x market growth). Texas/Arizona/California markets (Comerica legacy) added $2.5B deposits and +4% checking households (first net new household growth in years). - Fee businesses (surprising strength): - Commercial payments +35% YoY (Newline) and delivered $1B+ annualized fee run rate. - Wealth & asset management also at $1B+ annualized run rate. - Capital markets fees: $600M annualized pace; Direct Express contributed $22M fee income with ~$3.7B average deposits.
Integration milestones & synergy path (key upcoming “event risk”): - Next major step is Labor Day systems conversion (after the 2nd mock conversion in June with good outcomes). - The firm expects to unlock the remaining $850M annualized run-rate synergies via conversion; management says it is already running ahead of the $850M on a look-through basis and plans that incremental benefits be reinvested to drive growth (not simply to expand efficiency linearly).

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$88.64

Current Fair Value

391.6% upside

Undervalued by 391.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$51.21 Billion
Enterprise Value$69.10 Billion
Dividend Yield$1.24 (2.83%)
Earnings per Share$3.55
Beta0.71
Outstanding Shares911,613,000

Return

Return on Equity6.82%ROE
Return on Assets0.78%
Return on Invested Capital3.69%

Valuation & Multiples

P/E Ratio19.09P/E Ratio
PEG69.29PEG
Price to Sales1.2Price to Sales
Price to Book Ratio0.49Price to Book Ratio
Enterprise Value to Revenue4.98
Enterprise Value to EBIT32.07
Enterprise Value to Net Income29
Total Debt to Enterprise0.32
Debt to Equity0.65Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 23, 2026
EPS Estimate
$0.83
Average shareholder expectation
Revenue Estimate
$3.26 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 22, 2026
EPS Estimate
$0.89
Average shareholder expectation
Revenue Estimate
$3.34 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.00000%
Total Calls-
Total Puts-

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %0.00%0%
Total Invested$27,003 9.80%
Investors Holding4 1.00%

ESG Score

No data

About Fifth Third Bancorp

19,872 employees
CEO: Gregory Carmichael