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Fifth Third Bancorp

6/19/2013, 12:17 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Tuesday, June 18, 12:00 PM Fifth Third Bancorp (FITB) declares $0.12/share quarterly dividend, 9% increase from prior dividend of $0.11. Forward yield 2.62%. For shareholders of record June 28.Payable July 18.Ex-div date June 26. (PR) Comment! [Dividends]
Thursday, June 6, 8:07 AM Apollo Investment (AINV) is reportedly near a deal to buy health-care lender MidCap Financial for about $500M, possibly as soon as next week. Fifth Third Bancorp (FITB) has also expressed interest in the lender, according to sources. Comment! [Financials, M&A]
Thursday, May 30, 11:07 AM Huntington Bancshares (HBAN +2.1%) and KeyCorp (KEY +1.3%) lead regional bank stocks (KRE) higher as Merrill Lynch tags them along with ZION, FITB, and CMA as those standing to benefit most from rising intrest rates. Comment! [Financials]
Friday, May 10, 11:28 AM Loan growth at midcap banks (KRE) should rebound in Q2, says Credit Suisse after digging through management commentary from MTB, ZION, BBT, CMA, FITB, and HBAN. Notably not sharing the positive vibe were First Horizon (FHN) and KeyCorp (KEY). Growth is nice, but what about pricing? Fulton Financial (FULT) and Key say it remains competitive, while Zions says margins are getting even tighter. Comment! [Financials]
Wednesday, May 8, 10:43 AM KeyCorp's (KEY) big move (up 22% YTD vs. 14% for KBE) is unjustified, according to KBW's Chris Mutascio, who's had a Sell on the stock for most of the run. Four other large regionals - WFC, USB, BBT, FITB - are better bargains as they sport lower P/E multiples despite higher ROAs and (for 3 of the 4) far larger ROEs. 3 Comments [Financials]
Thursday, April 18, 12:03 PM More on Fifth Third (FITB +1.2%) Q1 earnings: Net interest income off 1% Q/Q, off 1% Y/Y. Noninterest income off 16% Q/Q, off 3% Y/Y, but Q4 figure included $157M gain on sale of Vantiv shares. Noninterest expense flat Y/Y. Net interest margin of 3.42%, off 7 bps from Q4, 19 bps from Q1. Tier 1 Capital Ratio of 10.83%. Tangible book value/share of $12.62, up 2% Q/Q, up 8% Y/Y. (earnings slides) (PR) Comment! [Earnings, Financials]
Thursday, April 18, 6:33 AM Fifth Third (FITB): Q1 EPS of $0.44 beats by $0.05. (PR) 2 Comments [Earnings, Breaking News, Financials]
Thursday, April 18, 12:05 AM Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ Comment! [Earnings]
Wednesday, April 17, 5:30 PM Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ Comment! [Earnings]
Thursday, April 11, 6:38 PM With no. 1 U.S. mortgage lender Wells Fargo (WFC) set to report Q1 earnings tomorrow and several regional banks reporting in coming days, analysts expect results to take a hit from an expected drop in mortgage revenue. Jefferies estimates banks' revenue from originating mortgages could decline 15%-20% Q/Q; "the magnitude of potential declines could catch some [investors] off-guard." 1 Comment [Financials]
Friday, April 5, 11:40 AM Avoid the "origination-reliant" bank names ahead of Q1 earnings, says FBR's Paul Miller, as the strong mortgage results from the past few reports will likely weaken. Most at risk: BAC, FITB, FBC, USB, STI, and WFC. That mortgage profits have worsened isn't news, but Miller suggests things have gotten worse than previous muted expectations. 16 Comments [Financials]
Tuesday, March 19, 5:18 PM Fifth Third Bancorp (FITB) declares $0.11/share quarterly dividend, 10% increase from prior dividend of $0.10. Forward yield 2.67%. For shareholders of record Mar. 29. Payable Apr. 18. Ex-div date Mar. 26. (PR) Comment! [Dividends]
Thursday, March 14, 5:22 PM After hours movers in the regional banks: COF +0.6%, FITB +0.9%, KEY - which just announced an increase in the dividend to $0.055 from $0.05 and $426M in share repurchases - up 1%, PNC +0.4%, RF +1.6%, STI -0.3%, USB +0.2%. BBT - whose plan was rejected - off 2.8%. Comment! [On the Move, Financials]
Thursday, March 14, 4:50 PM More on bank capital return plans: Capital One (COF) an increase in the dividend to $0.30 from $0.05. Fifth Third (FITB) a dividend increase to be disclosed, the potential repurchase of $750M in trust preferred securities, the conversion of preferred stock to common combined with a share repurchase of about $1.5B. PNC an undisclosed increase in the dividend, but no share repurchases. Comment! [Financials]
Tuesday, March 12, 11:57 AM Regions Financial (RF), SunTrust (STI), and Zions Bancorp (ZION) are likely to see the biggest dividend boosts among the regional players, says Credit Suisse. Buybacks would be best at the "cheap" banks as they would get the biggest boost to book value - Regions (again), KeyCorp (KEY), and Comerica (CMA) this year, and Fifth Third (FITB) and Huntington (HBAN) in 2014. 1 Comment [Financials]
Friday, March 8, 10:42 AM Fifth Third (FITB), KeyCorp (KEY), SunTrust STI), and PNC were the "winners" of the Fed stress tests, says FBR's Paul Miller. FIfth Third, he says, showed just minor losses under the Fed's "severely adverse scenario," while SunTrust showed major losses, but was still found to be adequately capitalized. STI is having the best day of those tested, +2.3%. Comment! [Financials]

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