On Oct. 19, Fifth Third Bancorp
- 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% |
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% |
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.
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