Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Fifth Third Bank's Slow Recovery Reflects Its Midwest Focus

It has been a slow recovery since the recession for Midwest focused Fifth Third Bank (NASDAQ:FITB). The Cincinnati-based $17B (market cap) regional bank is concentrated in Michigan, Illinois, and Ohio which were both hit pretty hard by the recession. Their slow recovery seem to have affected FITB which has been leaning somewhat on reserves releases for its earnings, and seeing low noninterest income. Despite this, Fifth Third has taken a lot of sagacious long-term actions to boost its capital levels and credit quality, and with the firm now operating in a dozen different states, the company is certainly an above average choice for investors looking for a regional bank investment.

A lot of the regional banking sector is...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details