Fifth Third Bancorp

Fifth Third Bancorpverified

FITB

Price:

$40.69

Market Cap:

$27.54B

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's 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 Branch Banking segment provides a range of deposit and loan products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of ...[Read more]

Industry

Banks - Regional

IPO Date

1980-03-17

Stock Exchange

NASDAQ

Ticker

FITB

The Current Ratio as of September 2024 (TTM) for Fifth Third Bancorp (FITB) is 0.27

According to Fifth Third Bancorp’s latest financial reports and current stock price. The company's current Current Ratio is 0.27. This represents a change of -91.45% compared to the average of 3.18 of the last 4 quarters.

Fifth Third Bancorp (FITB) Historical Current Ratio (quarterly & annually)

How has FITB Current Ratio performed in the past?

The mean historical Current Ratio of Fifth Third Bancorp over the last ten years is 45.68. The current 0.27 Current Ratio has changed -40.53% with respect to the historical average. Over the past ten years (40 quarters), FITB's Current Ratio was at its highest in in the June 2021 quarter at 76.40K. The Current Ratio was at its lowest in in the June 2024 quarter at 0.27.

Quarterly (TTM)
Annual

Average

45.68

Median

24.58

Minimum

0.29

Maximum

180.74

Fifth Third Bancorp (FITB) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Fifth Third Bancorp Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.66%

Maximum Annual Current Ratio = 180.74

Minimum Annual Increase = -98.15%

Minimum Annual Current Ratio = 0.29

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.29-98.15%
202215.88-80.24%
202180.3324.40%
202064.5846.32%
201944.13-75.58%
2018180.741.66%
201710.26-10.03%
201611.40-54.91%
201525.295.97%
201423.867.92%

Fifth Third Bancorp (FITB) Average Current Ratio

How has FITB Current Ratio performed in the past?

The current Current Ratio of Fifth Third Bancorp (FITB) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

32.17

5-year avg

41.04

10-year avg

45.68

Fifth Third Bancorp (FITB) Current Ratio vs. Peers

How is FITB’s Current Ratio compared to its peers?

Fifth Third Bancorp’s Current Ratio is less than KeyCorp (0.56), greater than Regions Financial Corporation (0.12), less than New York Community Bancorp, Inc. (0.74), greater than Zions Bancorporation, National Association (0.14), greater than Huntington Bancshares Incorporated (0.11), greater than Comerica Incorporated (0.21), greater than Western Alliance Bancorporation (0.14), less than U.S. Bancorp (0.69), less than Truist Financial Corporation (0.46), less than M&T Bank Corporation (0.50), greater than Citizens Financial Group, Inc. (0.14), greater than First Horizon Corporation (0.21),

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