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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

CINCINNATI--(BUSINESS WIRE)--Fifth Third Wealth Advisors®, a multi-custodial registered investment advisory firm, today announced surpassing $2B in assets under management (AUM) less than six months after announcing it had reached the $1B AUM mark. According to independent research*, Fifth Third Wealth Advisors now ranks among the top 500 independent RIAs in the US. “2024 has been a dynamic year for Fifth Third Wealth Advisors with strong growth in teams and assets under management,” said Eric.

Fifth Third Wealth Advisors® Moves Past $2 Billion in Assets Under Management

FITB's Newline and Trustly will augment innovation across the money movement landscape in the United States.

Fifth Third's Newline Partners With Trustly to Boost Payment Interface

Ameriprise Financial

O'Reilly Automotive

PACCAR

PNC Financial Services

Here's the bad news: September is historically the S&P 500's worst month. The good news?

Only 5 Stocks Dodge The Market's Bullet In September

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments platform, and Trustly, the global leader in Open Banking Payments. Working together, Trustly and Newline will drive innovation across the money movement landscape, including payments via the Automated Clearing House (ACH) and Real Time Payments (RTP) networks, and Trustly's pay-by-bank ecosystem. The first payment products on which the parti.

Trustly Selects Newline™ by Fifth Third to Drive Innovation in U.S. Payment Capabilities

CINCINNATI--(BUSINESS WIRE)--In 2017, Fifth Third set an ambitious goal to power the Bank's operations across its national footprint – including more than 1,000 retail locations and operational facilities across 11 states – with 100% renewable power. In late August 2019, Fifth Third achieved this goal with the opening of the Aulander Holloman solar facility in North Carolina. The project was made possible through a virtual power purchase agreement (VPPA), which guaranteed that Fifth Third would.

Fifth Third Celebrates Five Years of 100% Renewable Power

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today announced that its subsidiary, Fifth Third Bank, National Association (the “Bank”), has submitted a redemption notice to the issuing and paying agent for redemption of all of the Bank's outstanding 5.852% fixed-to-floating rate senior notes due October 27, 2025 (CUSIP 31677QBT5) issued in the principal amount of $1.0 billion. The Bank notes will be redeemed on or after the first business day following the October 27, 2024 red.

Fifth Third Bank Announces Redemption of Senior Bank Notes due October 27, 2025

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Barclays Global Financial Services Conference on September 11, 2024, at approximately 7:30 AM ET. Tim Spence, chairman, chief executive officer and president, and Bryan Preston, executive vice president and chief financial officer, will represent the Company. Audio webcast and any presentation slides may be viewed live and for approximately 14 days after the conference through the Investor Relations sec.

Fifth Third Bancorp to Participate in the Barclays Global Financial Services Conference

Fifth Third (FITB) is benefiting from a strong liquidity position and robust revenue growth.

5 Reasons to Add Fifth Third (FITB) Stock to Your Portfolio

CF Industries Holdings

Cognizant Technology Solutions

Entergy

Exelon

F5 Networks

Jacobs Solutions Inc

The U.S. stock market's selloff is making it easier to pick the stocks that are likely to soar in the bull market's next leg up.

These stocks are likely to soar when the bull market rebounds

CINCINNATI--(BUSINESS WIRE)--For the past eight years, Fifth Third has brought together diverse-owned businesses and suppliers with representatives of some of the world's largest corporations at its annual Supplier Diversity Summit, held each August at the bank's corporate headquarters in Cincinnati, Ohio. The annual event connects diverse-owned businesses and suppliers from across the country with leaders from Fifth Third and other Fortune 500 companies, and it helps diverse business owners ga.

Fifth Third Helps Grow Supplier Diversity Ecosystem Through 8th Annual Supplier Diversity Summit

Archer-Daniels-Midland Company

Bank of America

Bank of New York Mellon

Citizens Financial Group

Comerica

Comcast

CVS Health

JPMorgan Chase & Co

Morgan Stanley

M&T Bank

Bank OZK

Pfizer

Prudential Financial

Synchrony Financial

U.S. stocks typically do especially well during August in presidential election years like this one. On average since its inception in 1896, the Dow Jones Industrial Average DJIA has gained 2.8% in August of a presidential election year.

16 stocks to exploit August's explosive election-year gains

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments provider, and Stripe, a financial infrastructure platform that enables businesses to seamlessly incorporate financial services in their products. Together, Newline™ and Stripe will expand embedded financial services for Stripe's platform users and their customers. Later this year, Newline™ will power Stripe Treasury, a service that enables s.

Stripe Selects Fifth Third to Power Embedded Financial Services

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Fifth Third Bancorp (FITB) have what it takes?

Why Fifth Third Bancorp (FITB) is a Great Dividend Stock Right Now

SALT LAKE CITY--(BUSINESS WIRE)--Atomic is pleased to announce a collaboration with Fifth Third Bank to leverage Atomic's cutting-edge Deposit solution within its mobile banking applications. This provides account holders with a secure, fast, and hassle-free method to manage their direct deposits. “Like with other digital products, in banking it isn't enough to have a great product – getting set up has to be easy,” said Ben Hoffman, head of consumer product at Fifth Third. “We believe getting s.

Atomic Provides Solution to Fifth Third Bank to Enhance Digital Banking Experience with Advanced Direct Deposit Technology

Citigroup

Bank stocks just kicked off another earnings season , making way for giants in other industries to announce their  quarterly results.

3 Bank Stocks Pulling Back from 2-Year Highs

Southern California Bancorp

New York Community Bancorp

Over the last 50 years, the banking industry in the United States has undergone a significant number of changes that have left it more centralized than ever. It has also left them reliant on big banks in the Federal Reserve for most people's active financial management.

3 Regional Banking Stocks to Sell as Big Banks Grow

Fifth Third Bancorp (NASDAQ:FITB ) Q2 2024 Earnings Conference Call July 19, 2024 9:00 AM ET Company Participants Matt Curoe - Director, IR Tim Spence - Chairman, CEO & President​ Bryan Preston - CFO Greg Schroeck - CCO Conference Call Participants Ebrahim Poonawala - Bank of America Scott Siefers - Piper Sandler Mike Mayo - Wells Fargo Ken Usdin - Jefferies Gerard Cassidy - RBC Capital Bill Carache - Wolfe Research Erika Najarian - UBS Manan Gosalia - Morgan Stanley Matt O'Connor - Deutsche Bank Christopher Marinac - Janney Montgomery Scott Operator Good morning. My name is Audra and I will be your conference operator today.

Fifth Third Bancorp (FITB) Q2 2024 Earnings Call Transcript

Fifth Third's (FITB) Q2 earnings benefit from a year-over-year decline in expenses and provisions. However, declining loan and deposit balances, along with lower NII, act as spoilsports.

Fifth Third (FITB) Q2 Earnings Beat Estimates, NII Falls Y/Y

Although the revenue and EPS for Fifth Third Bancorp (FITB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Fifth Third Bancorp (FITB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Fifth Third Bancorp (FITB) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.87 per share a year ago.

Fifth Third Bancorp (FITB) Q2 Earnings Beat Estimates

CINCINNATI--(BUSINESS WIRE)--Fifth Third is proud to announce it has been named “U.S. Best Super-Regional Bank” by Euromoney in the magazine's 2024 Awards for Excellence. The 2024 Euromoney Awards for Excellence program evaluates bank performance from Jan. 1-Dec. 31, 2023, and recognizes banks that bring the highest level of service, innovation and solutions to their customers. During 2023, Fifth Third acquired Big Data Healthcare and subsequently launched two new healthcare focused solutions f.

Fifth Third named “U.S. Best Super-Regional Bank” by Euromoney

Fifth Third Bancorp reported a fall in second-quarter profit on Friday, as costlier deposits eroded the regional lender's interest income.

Fifth Third Bancorp quarterly profit dips on interest income weakness

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB):                         Key Financial Data             Key Highlights                         $ in millions for all balance sheet and income statement items                   2Q24 1Q24 2Q23 Stability: Continued repricing benefit on fixed rate loan portfolio and moderating deposit costs drove increased net interest income and net interest margin compared to prior quarter Strong profitability resulted in CET1 increasing to 10.60% wh.

Fifth Third Bancorp Reports Second Quarter 2024 Diluted Earnings Per Share of $0.81

Fifth Third (FITB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Fifth Third (FITB) Might Surprise This Earnings Season

CINCINNATI--(BUSINESS WIRE)--For the fourth consecutive year, Fifth Third Bank has received a top score of 100 on the Disability Equality Index ®, the leading independent, third-party resource for the annual benchmarking of corporate disability inclusion policies and programs. Fifth Third has also been named among the index's Best Places to Work for Disability Inclusion. “We value our employees with disabilities, and we strive to create an inclusive environment for every employee,” said Senior.

News for Fifth Third Bancorp Stock (FITB)