Tough Banking at Fifth Third: Fool by Numbers
On Oct. 19, Fifth Third Bancorp (Nasdaq: FITB) released third-quarter earnings for the period ended Sept. 30.
- Net interest income increased almost 6% year over year and non-interest income grew 9%, with growth across nearly every category except mortgage banking.
- The bank repurchased 2.9 million shares for a total of $110 million and expects net interest margin in the range of 3.35%-3.40% for 2007.
- Fifth Third sports a Motley Fool CAPS rating of one star, the lowest a stock can have. Competitors National City (NYSE: NCC) and US Bancorp (NYSE: USB) carry a one-star and four-star rating, respectively.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2007
|
Q3 2006
|
Change
|
|
Total Revenue
|
$1,343
|
$1,294
|
3.8%
|
|
Net Interest Income
|
$760
|
$719
|
5.7%
|
|
Net Profit
|
$376
|
$377
|
(0.3%)
|
|
EPS
|
$0.71
|
$0.68
|
4.4%
|
*Non-GAAP EPS as reported by the company.
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q3 2007
|
Q3 2006
|
Change*
|
|
Net Interest Margin
|
3.34%
|
2.99%
|
0.35%
|
|
Efficiency Ratio
|
55.00%
|
55.50%
|
(0.50%)
|
|
Nonperforming Assets / Assets
|
0.68%
|
0.39%
|
0.29%
|
|
Return on Average Assets
|
1.46%
|
1.41%
|
0.05%
|
|
Return on Average Equity
|
16.00%
|
15.10%
|
0.90%
|
*Expressed in percentage points.
Find out more about bank performance ratios.
Balance Sheet Highlights
|
Assets
|
Q3 2007
|
Q3 2006
|
Change
|
|
Investments
|
$11,998
|
$20,162
|
(40.5%)
|
|
Loans
|
$79,015
|
$74,352
|
6.3%
|
|
Liabilities
|
Q3 2007
|
Q3 2006
|
Change
|
|
Deposits
|
$69,382
|
$68,643
|
1.1%
|
|
Total Liabilities
|
$94,921
|
$95,806
|
(0.9%)
|
Learn about bank assets and bank liabilities.
Related Foolishness:
Get the best of the Fool delivered to your inbox every Friday
DocumentId: 539018, ~/articles/articlehandler.aspx, 7/6/2008 9:15:18 AM, No ticker
Terms & Conditions
RSS Headlines
Fool UK