Fifth Third Bancorp Depositary Shares Representing a 1/40th Ownership Interest in a Share of 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock Series M (FITBM)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start by asking what I own. These depositary shares are not common equity in Fifth Third Bancorp; they are a preferred claim paying a 6.875% fixed-rate reset coupon, and the dividend is non-cumulative and perpetual. The underlying bank is a sizable regional lender with 25,980 employees, and in the second quarter of 2026 (2026-Q2) it produced revenue of $3.2B and net income of $801.0M, a 24.80% margin. FairStock calculations show a 7.97% ROE, 0.73 price-to-book, 0.85% ROCE, and a Piotroski F-Score of just 2/9. Those are not the marks of a high-quality compounder. The 0.73 price-to-book may look cheap, but for a bank it often reflects doubts about loan quality, credit costs, and capital. The data lists growth of 45.30% revenue and 27.55% profit, but no filing period is given, so I would not lean on it. The preferred sits above common in the capital stack, but it is still a bank obligation and non-cumulative. I cannot see CET1, net interest margin, efficiency ratio, or credit-loss reserves here, and those are the measures that matter most for whether the preferred dividend is safe. At $25.75, near the top of the $25.19 to $26.50 range, the security offers no obvious discount. A FairStock Score of 57/100 and no Lynch category—because there are zero years of filed results in the dataset—tell me to demand more disclosure before calling this a bargain. The coupon is attractive if paid, but the margin of safety is thin at this price.

In plain English: Fifth Third Bancorp is a regional U.S. bank, and these shares are a preferred-stock slice that pays a stated 6.875% dividend if the board declares it. The bank was profitable in the second quarter of 2026, with revenue of $3.2B and net income of $801.0M, but the preferred dividend is non-cumulative, so skipped payments are not owed later. At $25.75, the price is near the top of its $25.19 to $26.50 range, so it looks fair-to-full rather than cheap.

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Data as of 2026-08-12 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer