FITB US S&P 500Russell 1000 Earnings call
Fifth Third Bancorp (FITB) · Q2 2026 results and valuation
Share price: $54.40 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 17 Jul 2026 and 17 Apr 2026
Net income up 385.5% on the previous quarter. Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+385.5%
Net income vs Q1 2026
Outlook given
Net income 801.0M vs 165.0M
Revenue +14.8%
Against the same quarter last year (Q2 2025) it is +27.5% — part of the move on last quarter is seasonal.
2 · How management spoke
Typical
More upbeat than 59% of company calls
Answers to analysts: typical, in line with the script.
Similar to last call.
3 · What stood out
Figure
Adjusted return on tangible common equity improved to 19% for the quarter.
Valuation
Is Fifth Third Bancorp undervalued?
Reverse DCF on net income from the last full fiscal year (no meaningful free cash flow: a bank, insurer or a year of negative cash flow) (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 1.1% growth a year (3-year revenue growth), the model's fair value is $32.27 a share — the stock trades 69% above it. Today's price assumes 8.2% growth a year.
Current price
$54.40
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+8.2% for 10 yrs
Fair value / share
$32.27
Buy below
$24.20
Price vs fair value
Overvalued 69%
Price vs buy-below price
Overvalued 125%
Management expects
Growth +2.25% · from the Q2 2026 report: “Net interest income should grow 2%-2.5% next quarter, supported by fixed-rate asset repricing and day count.”
A guidance figure for growth, usually one year ahead, not a 10-year free-cash-flow rate.
Read between the lines
-
Guidance
For the third quarter, Fifth Third Bancorp expects NII to grow 2%-2.5% from the second quarter, driven by the continued benefit of fixed rate asset repricing and day count.
-
Guidance
The company expects second half net charge-offs of 30-35 basis points, placing full year performance in the bottom half of the 30-40 basis points range.
Source quote
“For credit, we expect second half net charge-offs of 30-35 basis points, which would place our full year performance in the bottom half of our 30-40 basis points...”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“The adjusted efficiency ratio was 57.1%, a strong improvement from the first quarter, and we remain confident in achieving a run rate efficiency target of 53%.”
“Maintain a strong dividend, support organic growth where we see the highest returns on deployed capital, then return excess capital through share repurchases.”
“Moving to capital, CET1 ended the quarter at 9.93%, an increase of 4 basis points sequentially, despite strong period and loan growth and absorbing $175 million of after-tax charges related...”
Full figures
USD · ROIC.AI fundamentals (NYSE:FITB, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 3.21B | 2.79B | +14.8% | 2.22B | +44.4% |
| Net income | 801.0M | 165.0M | +385.5% | 628.0M | +27.5% |
| EPS | 0.84 | 0.16 | +439.5% | 0.88 | −5.0% |
| P/E today 17.1 | 19.0 | 15.6 | +3.4 | 12.8 | +6.2 |
Topics
Most discussed now
- Fifth Third Bancorp's adjusted return on assets improved to 1.3%, and its adjusted efficiency ratio improved to 57%, even with most of...
- In a strong macro environment like this one, Fifth Third Bancorp's job is to stay disciplined and to build durable franchise earnings,...
- As importantly, Fifth Third Bancorp's organic growth strategies continue to deliver on the broader footprint and opportunity set that Fifth…
- Fifth Third Bancorp's Provide fintech platform grew loans approximately 4% sequentially.
- Shared national credits remain a modest 26% of total loans, consistent with Fifth Third Bancorp's focus on granularity.
Faded since Q1 2026
- Fading Fifth Third Bancorp's tangible common equity ratio rose to 7.3% and tangible book value per share increased 1%.
- Fading Revenue was $2.9 billion, up 33% year-over-year and adjusted net income was $734 million, up 38%.
- Fading Production remained healthy with the strongest activity in manufacturing and construction supported by reshoring and infrastructure…
- Fading What matters is how Fifth Third Bancorp exits, a larger, more granular loan portfolio, a lower cost deposit base and larger diversified...
Latest announcements
Official filings, newest first.
- Other events · SEC 8-K
- Other events · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Other events · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Other events · SEC 8-K
- Regulation FD disclosure · SEC 8-K