Fifth Third Bancorp

Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services, and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services to large and middle-market businesses. The Branch Banking segment provides deposit, loan, and lease products to individuals and small businesses. The Consumer Lending segment includes residential mortgage, home equity, automobile, and indirect lending activities. The Wealth & Asset Management segment provides investment alternatives for individuals, companies, and not-for-profit organizations. The company was founded in 1975 and is headquartered in Cincinnati, OH.

Earnings data Q1 2021

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Earnings data Q4 2024

Fifth Third Bancorp posts record revenue in Q4 2022, eyes strong 2023 growth

Fifth Third Bancorp's strong Q4 2022 performance and robust outlook for 2023 highlight its resilience and growth potential. While facing challenges in fee income and market recovery, the company's focus on strategic investments and capital management positions it well for the future. Opportunities in deposit growth, technology, and customer origination offer avenues for sustained growth.

Fifth Third Bancorp reports robust Q1 earnings and strategic growth plans

Fifth Third Bancorp's Q1 performance reflects strong earnings growth and a focus on stability amidst sector challenges. The bank's emphasis on ethical practices, credit quality, and proactive capital management positions it well for future growth. Addressing challenges in deposit competition and regulatory changes while pursuing growth opportunities will be key for sustained success.

Fifth Third Bancorp reports robust Q2 earnings amid economic uncertainties

Fifth Third Bancorp delivered strong Q2 results amidst economic uncertainties, focusing on strategic balance sheet adjustments and risk management. The bank's proactive approach to adapting to regulatory changes and optimizing operations positions it well for future growth.

Fifth Third Bancorp reports robust Q3 performance and eyes loan growth opportunities

Fifth Third Bancorp delivered solid performance with strong credit metrics and deposit growth.
The bank's disciplined underwriting and proactive risk management are key strengths.
Challenges include customer caution and improving efficiency ratio in 2024.
Opportunities lie in fixed rate loan repricing benefits and potential loan growth next year.

Fifth Third Bancorp posts record revenue and plans for growth

Fifth Third Bancorp delivered strong financial performance in 2023, emphasizing record revenue, balanced growth, and profitability metrics.
While facing challenges in loan growth and interest income, the bank's defensive balance sheet, strategic investments, and growth opportunities position it for continued success.
By focusing on regulatory compliance, capital strength, and market expansion, Fifth Third Bancorp aims to navigate challenges and leverage opportunities for sustainable growth and shareholder value.

Fifth Third Bancorp reports robust Q1 performance amidst industry shifts

Fifth Third Bancorp's Q1 2024 performance showcased strong financial metrics, with a focus on fee income growth and expense management. Despite challenges in NPAs and solar financing, the company is poised to capitalize on opportunities in Texas and fixed rate asset repricing. Strategic focus on liquidity and diversification aligns with industry trends towards rationalizing business models.

Fifth Third Bancorp (FITB) exceeds earnings forecast, strengthens key segments

Fifth Third Bancorp (FITB) delivered strong financial results, surpassing earnings expectations and demonstrating solid profitability metrics.
The bank's strategic investments in key growth areas like wealth management and commercial payments have fueled revenue growth and enhanced its capital position.
While navigating economic uncertainties, FITB remains focused on maintaining flexibility, managing risks, and exploring opportunities for sustained growth and shareholder value.

Fifth Third Bancorp beats earnings estimates, eyes revenue growth

FITB exceeded earnings expectations, maintained strong financial metrics, and focused on strategic investments.
While facing rising expenses and economic uncertainties, FITB aims for revenue growth and operational efficiency.
The bank's confidence in its competitive position and value proposition signals a positive outlook.
Continued focus on stability, profitability, and growth through strategic investments and digital capabilities.

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Fifth Third Bancorp is a bank holding company, which engages in the provision of diversified financial services. It operates through the following segments: Commercial Banking, Consumer and Small Business Banking, Wealth and Asset Management, and General Corporate and Other. The Commercial Banking segment offers credit intermediation, cash management, and financial services to large and middle-market businesses and government and professional customers. The Consumer and Small Business Banking segment provides a full range of deposit and loan products to individuals and small businesses through a network of full-service banking centers and relationships with indirect and correspondent loan originators in addition to providing products designed to meet the specific needs of small businesses, including cash management services. The Wealth and Asset Management segment is involved in wealth management solutions for individuals, companies, and not-for-profit organizations including wealth planning, investment management, banking, insurance, trust, and estate services. The General Corporate and Other segment focuses on the unallocated portion of the investment securities portfolio, securities gains and losses, certain non-core deposit funding, unassigned equity, unallocated provision for credit losses or a benefit from the reduction of the allowance for credit losses, the payment of preferred stock dividends, and certain support activities. The company was founded on October 7, 1974 and is headquartered in Cincinnati, OH.

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Fifth Third is paying its common shareholders a 4.6% dividend yield that's grown by a 14.87% compound annual growth rate over the last 5 years. The ticker is currently swapping hands at a 20% discount to its 5-year average forward non-GAAP price-to-earnings ratio. The Series I preferreds are set to float at the end of 2023 for an aggregate 9.3% headline yield.

Fifth Third: The Banking Crisis Is Over, Consider The Preferreds

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 8.50%, effective immediately. The rate was last changed on May 3, 2023, when Fifth Third increased its prime lending rate from 8.00% to 8.25%. About Fifth Third Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives.

Fifth Third Bank to Increase Prime Lending Rate to 8.50%

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Goldman Sachs Maintains Fifth Third Bancorp Buy Recommendation

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Fifth Third Bancorp (NASDAQ:FITB ) Q2 2023 Earnings Conference Call July 20, 2023 9:00 AM ET Company Participants Chris Doll - Director-Investor Relations Timothy Spence - President and Chief Executive Officer James Leonard - Executive Vice President and Chief Financial Officer Bryan Preston - Treasurer Greg Schroeck - Chief Credit Officer Conference Call Participants Scott Siefers - Piper Sandler Erika Najarian - UBS John Panc - Evercore Ken Usdin - Jefferies Ebrahim Poonawala - Bank of America Michael Mayo - Wells Fargo Gerard Cassidy - RBC Operator Good morning. My name is Rob and I will be your conference operator today.

Fifth Third Bancorp (FITB) Q2 2023 Earnings Call Transcript

The headline numbers for Fifth Third Bancorp (FITB) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Fifth Third Bancorp (FITB) Q2 Earnings: A Look at Key Metrics

Increases in the fee income and NII aid Fifth Third's (FITB) Q2 revenue growth, while higher expenses act as a headwind.

Fifth Third (FITB) Q2 Earnings Beat, Revenues Rise on NII

Fifth Third Bancorp (FITB) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.79 per share a year ago.

Fifth Third Bancorp (FITB) Q2 Earnings Top Estimates

Fifth Third Bancorp on Thursday posted a better-than-expected second-quarter profit, as interest rate hikes by the U.S. central bank boosted its interest income.

Fifth Third Bancorp tops profit estimates on strong interest income

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB):                         Key Financial Data             Key Highlights                         $ in millions for all balance sheet and income statement items                   2Q23 1Q23 2Q22 Stability: Period-end total deposits increased 1% compared to 1Q23; average total deposits were flat sequentially Strong credit quality metrics; net charge-off ratio of 0.29%, 30-89 day early stage delinquencies of 0.28%, and NPA ratio of 0.54%.

Fifth Third Reports Second Quarter 2023 Diluted Earnings Per Share of $0.82

The market expects Fifth Third Bancorp (FITB) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2023.

Fifth Third Bancorp (FITB) Earnings Expected To Grow: What To Know Ahead of Next Week's Release

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While soft loan demand and higher rates are likely to have dented Fifth Third's (FITB) Q2 NII, heightening recession fears and elevated expenses are expected to have acted as dampeners.

Fifth Third (FITB) Set to Report Q2 Earnings: What's in Store?

Fifth Third Bancorp (FITB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fifth Third Bancorp (FITB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) is expected to report financial results and host conference calls to discuss results on the following dates: Fourth Quarter 2023 – Friday, January 19, 2024 – 9:00 AM ET First Quarter 2024 – Friday, April 19, 2024 – 9:00 AM ET Second Quarter 2024 – Friday, July 19, 2024 – 9:00 AM ET Third Quarter 2024 – Friday, October 18, 2024 – 9:00 AM ET Fourth Quarter 2024 – Tuesday, January 21, 2025 – 9:00 AM ET First Quarter 2025 – Thursday, A.

Fifth Third Bancorp Announces Earnings Release Dates for 2024 and 2025

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CINCINNATI--(BUSINESS WIRE)--Fifth Third today published its 2022 Sustainability Report, an annual update on the Company's five Board-approved sustainability priorities.

Fifth Third's 2022 Sustainability Report Shares Progress on Priorities, Goals

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Fifth Third Bancorp receives a Strong Buy rating. Positives are dividend yield near 5%, strong capital and liquidity, a business that benefits from current macro environment with high interest rates, undervaluation, and revenue and geographic diversification. Risks to the bullish outlook include exposure to nonperforming loans and credit chargeoffs, which could amplify in the event of a serious recession.

Fifth Third Bancorp: Near 5% Dividend Yield And A Strong Buy Potential Among Bank Stocks

News for Fifth Third Bancorp Stock (FITB)