Fifth Third Bancorp (NASDAQ:FITB) Issues Earnings Results, Misses Expectations By $0.01 EPS

Fifth Third Bancorp (NASDAQ:FITB) released its quarterly earnings results on Friday. The financial services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.01), RTT News reports. Fifth Third Bancorp had a net margin of 15.89% and a return on equity of 12.39%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the business posted $0.88 EPS.

Here are the key takeaways from Fifth Third Bancorp’s conference call:

• Fifth Third reported adjusted EPS of $1.02 and said core profitability metrics improved, including ROTCE of 19%, ROA of 1.3%, and an efficiency ratio of 57%, despite most merger synergies still remaining ahead.
• The bank said the Comerica integration is tracking ahead of plan, with the Labor Day systems conversion on schedule and the full $850 million annualized run-rate expense synergies still expected to be realized by the fourth quarter.
• Deposit momentum remained strong, with consumer and small business deposits up 4% sequentially and Southwest markets adding $2.5 billion of deposits, far above prior expectations. Management said this franchise still has a long runway for mid-single-digit growth.
• Fee businesses continued to scale, with commercial payments and wealth and asset management each reaching a $1 billion+ annualized fee run rate and capital markets running at about $600 million annualized.
• Management raised full-year guidance for NII, non-interest income, and PPNR, and said it expects to resume share repurchases in the second half. Credit remained benign, with net charge-offs improving to the low end of the bank’s range.

Fifth Third Bancorp Stock Performance

NASDAQ FITB opened at $57.92 on Friday. The company has a market cap of $52.49 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.09 and a beta of 0.90. The stock’s 50 day simple moving average is $53.01 and its 200-day simple moving average is $50.61. Fifth Third Bancorp has a 1-year low of $40.04 and a 1-year high of $59.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.83 and a quick ratio of 0.83.

Fifth Third Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.8%. Fifth Third Bancorp’s dividend payout ratio is presently 53.69%.

Analysts Set New Price Targets

Several research firms have recently issued reports on FITB. Robert W. Baird increased their target price on shares of Fifth Third Bancorp from $56.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Wall Street Zen upgraded Fifth Third Bancorp from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Weiss Ratings raised Fifth Third Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Wolfe Research lowered their price target on Fifth Third Bancorp from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Finally, Wells Fargo & Company raised their price objective on Fifth Third Bancorp from $58.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Fifth Third Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.11.

Insider Activity at Fifth Third Bancorp

In other Fifth Third Bancorp news, EVP Peter L. Sefzik sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $50.46, for a total value of $1,009,200.00. Following the transaction, the executive vice president owned 189,382 shares in the company, valued at approximately $9,556,215.72. This trade represents a 9.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kevin J. Khanna sold 6,000 shares of Fifth Third Bancorp stock in a transaction on Monday, April 20th. The stock was sold at an average price of $50.77, for a total transaction of $304,620.00. Following the sale, the executive vice president directly owned 76,299 shares in the company, valued at approximately $3,873,700.23. This trade represents a 7.29% decrease in their position. The SEC filing for this sale provides additional information. 0.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fifth Third Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in Fifth Third Bancorp by 41.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,548,204 shares of the financial services provider’s stock valued at $1,664,013,000 after acquiring an additional 10,444,799 shares during the last quarter. State Street Corp boosted its holdings in shares of Fifth Third Bancorp by 0.3% during the 4th quarter. State Street Corp now owns 31,437,600 shares of the financial services provider’s stock worth $1,484,021,000 after purchasing an additional 101,245 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fifth Third Bancorp by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,939,023 shares of the financial services provider’s stock worth $1,120,586,000 after purchasing an additional 530,489 shares during the last quarter. Invesco Ltd. grew its position in shares of Fifth Third Bancorp by 2.6% in the third quarter. Invesco Ltd. now owns 21,224,600 shares of the financial services provider’s stock valued at $945,556,000 after purchasing an additional 546,914 shares in the last quarter. Finally, Nuveen LLC increased its holdings in shares of Fifth Third Bancorp by 25.3% in the fourth quarter. Nuveen LLC now owns 10,874,010 shares of the financial services provider’s stock valued at $509,012,000 after purchasing an additional 2,196,388 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Fifth Third Bancorp News Roundup

Here are the key news stories impacting Fifth Third Bancorp this week:

• Positive Sentiment: Fifth Third Bancorp posted Q2 2026 earnings of $1.02 per share, above consensus estimates, helped by stronger net interest income and fee income. Article Title
• Positive Sentiment: The company said profit rose on higher net interest income and growth in capital markets and wealth management fees, suggesting core banking trends remain solid. Article Title
• Positive Sentiment: Fifth Third also highlighted strong credit quality and lower deposit costs, which support margins and profitability. Article Title
• Positive Sentiment: The bank was named the United States’ Best Bank by Euromoney, reinforcing confidence in its franchise and post-merger expansion story. Article Title
• Neutral Sentiment: Shares also saw unusually heavy put-option activity, indicating traders are hedging or positioning for volatility after earnings.
• Negative Sentiment: Despite the earnings beat, the stock is under pressure because investors are reacting to higher integration-related costs and a reported miss on topline estimates. Article Title
• Negative Sentiment: Some reports noted revenue came in below expectations, which may be outweighing the EPS beat in early trading. Article Title

Fifth Third Bancorp Company Profile

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.