---
title: Fifth Third Bancorp (FITB) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/fitb
ticker: FITB
as_of: 2026-10-17
sector: Financial Services
industry: Banks - Regional
---
# Fifth Third Bancorp (FITB)

Fifth Third Bancorp (FITB) closed at $50.37 on Oct 16, 2026, overvalued by 88% vs its model value of $26.76 (from the justified price to tangible book).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $50.37 (Oct 16, 2026) |
| Model value (from the justified price to tangible book) | $26.76 |
| Price vs model | overvalued by 88% vs model |
| Range of that model | $23.42 – $31.23 |
| Market value | $45.7B |
| P/E (fiscal 2025) | 14.3 |
| Net margin (fiscal 2025) | 19.6% |
| Free cash flow (fiscal 2025) | $3.9B |
| Dividend yield (trailing twelve months) | 3.22% |
| Beta | 0.99 |
| Cost of capital (WACC) | 9.82% |
| Business classification | Dividend Payer (Revenue declining (~-2% recent), High profitability (407% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (8.8%)) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 3.22% |
| Dividends per share, last 12 months | $1.62 |
| Dividends / earnings (fiscal 2025) | 46.1% |
| Raised | 15 years in a row |
| Growth over 5 years | 7.9% a year |
| Latest payment | $0.42, ex-date Sep 30, 2026, paid Oct 15, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 29, 2021 | $1.11 |
| To Sep 29, 2022 | $1.23 |
| To Sep 28, 2023 | $1.34 |
| To Sep 30, 2024 | $1.42 |
| To Sep 30, 2025 | $1.51 |
| Trailing twelve months (to Sep 30, 2026) | $1.62 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/TBV · justified | primary | $26.76 | $23.42 | $31.23 |
| P/E · peers | cross check | $40.03 | $39.85 | $41.72 |
| P/E · own history | cross check | $40.00 | $31.50 | $45.80 |
| PEG | sanity check | $54.20 | $54.20 | $54.20 |
| Dividend discount | cross check | $39.59 | $27.77 | $57.38 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 4, 2026 | Gibson Kala | EVP | Option/RSU exercise | 7,018 | $186,117.4 |
| Aug 4, 2026 | Gibson Kala | EVP | Tax withholding | 4,821 | $278,509.2 |
| Aug 4, 2026 | Gibson Kala | EVP | Option/RSU exercise | 7,018 | $0 |
| Jul 20, 2026 | Leonard James C. | EVP & Chief Operating Officer | Option/RSU exercise | 8,772 | $232,633.4 |
| Jul 20, 2026 | Leonard James C. | EVP & Chief Operating Officer | Tax withholding | 6,041 | $346,753.4 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 24, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/35527/000003552726000224/fitb-20260924.htm |
| Sep 23, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/35527/000003552726000222/fitb-20260922.htm |
| Sep 14, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/35527/000003552726000219/fitb-20260914.htm |
| Aug 21, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/35527/000003552726000209/fitb-20260821.htm |
| Aug 10, 2026 | S-4 | Merger registration | https://www.sec.gov/Archives/edgar/data/35527/000119312526342707/d134471ds4.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Christopher Davis | 2026-06-30 | 2,684,183 | $151.3M |
| Richard Pzena | 2026-06-30 | 1,584,757 | $89.3M |
| John Rogers | 2026-06-30 | 554,673 | $31.3M |
| Robert Olstein | 2026-03-31 | 113,000 | $5.3M |

4 tracked managers in all.

## About

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The 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 Consumer and Small Banking segment engages in the provision of a range of deposit and loan products to individuals and small businesses; residential mortgage activities, including the orig…

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Source: https://sweetvaluelab.com/stocks/fitb (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.