# Fifth Third Bancorp (FITB) — Financial Analysis

**Exchange:** NASDAQ  
**Coverage as of:** 2026-Q2  
**Updated:** 2026-05-13  
**Tier:** Free primer (step 2 of 19)  
**Sibling pages:** /stocks/FITB/thesis · /stocks/FITB/memo

## Financial Snapshot

---
ticker: FITB
step: 04
generated: 2026-05-12
source: quick-research
---

### Fifth Third Bancorp (FITB) — Financial Snapshot

#### Income Statement Summary

| Metric | FY2022 | FY2023 | FY2024 | YoY |
|--------|--------|--------|--------|-----|
| Revenue (total) | ~$7.82B | ~$8.20B | ~$7.95B | -3.0% |
| Net Interest Margin | ~3.0% | ~2.9% | ~2.8% | |
| Efficiency Ratio | ~60% | ~62% | ~63% | |
| Net Income | ~$2.33B | ~$2.21B | ~$2.10B | ~-5% |
| EPS (diluted) | ~$3.35 | ~$3.22 | ~$3.00 | -6.8% |

*Note: Revenue for regional banks primarily represents net interest income + non-interest income (not a traditional revenue metric). FY2022 benefited from aggressive Fed rate hikes expanding NIM rapidly; FY2023–2024 saw NIM compression as deposit repricing lagged, plus higher credit costs. Revenue dipped in 2024 despite loan growth as funding costs rose. EPS declined from 2022 peak due to higher provision expenses and NIM pressure. The pending Comerica acquisition would significantly alter the financial profile of the combined entity.*

#### Cash Flow & Balance Sheet (FY2024)

| Metric | Value |
|--------|-------|
| Total Assets | ~$210B |
| Total Loans | ~$120B |
| Total Deposits | ~$165B |
| Common Equity Tier 1 (CET1) | ~10.6% |
| Tangible Book Value per Share | ~$20–22 |
| Annual Dividend | ~$1.40/share (~3% yield) |

#### Key Ratios (approximate, FY2024)
- P/E: ~22x (elevated vs. regional bank peers at ~11–12x; reflects Comerica deal premium)
- P/Tangible Book: ~2.2x | Dividend Yield: ~3%
- Return on Assets (ROA): ~1.0% | Return on Equity (ROE): ~13%
- Capital Returned to Shareholders (2024): ~$1.6B (buybacks + dividends)

#### Growth Profile
Fifth Third's core earnings have been under pressure from the post-rate-hike NIM compression and increased credit provisioning (2022–2024). The strategic pivot is toward fee income growth (commercial payments +10%, wealth AUM +21% in 2024) and Southeast geographic expansion. The Comerica acquisition is the primary growth catalyst — consensus projects normalized EPS of ~$4 in 2026 (post-deal) and ~$5 in 2027, implying ~67% EPS growth from 2024 trough levels if synergies are delivered. Core adjusted pre-provision net revenue exceeded $1B per quarter in 2024.

#### Forward Estimates
- FY2025E: EPS ~$3.40–$3.60 (organic improvement + early Comerica contributions)
- FY2026E: EPS ~$4.00+ (full Comerica consolidation + ~$850M pretax synergies)
- FY2027E: EPS ~$5.00+ (full synergy realization)

## Deeper Financial Analysis

The fundamental tier ($1.00) adds 8 dimensions not included here:

- Revenue Breakdown — segment revenue, geographic mix, product-line margins
- Financial Trends — QoQ momentum, leading indicators, inflection points
- Balance Sheet — debt structure, dilution risk, working capital dynamics
- Capital Allocation — ROIC, buyback cadence, reinvestment efficiency
- Earnings Analysis — beats/misses, guidance vs actuals, transcript highlights
- Competitive Positioning — market share, pricing power, peer benchmarks
- Industry Context — TAM, sector tailwinds/headwinds, regulatory backdrop

**API endpoint:** GET /api/v1/research/FITB/fundamental

## Navigation

- Overview: /stocks/FITB
- Financials (this page): /stocks/FITB/financials
- Thesis: /stocks/FITB/thesis
- Investment Memo: /stocks/FITB/memo
- Coverage universe: /stocks