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.

FITB's Q3 2024 results benefit from increased loan demand and strong capital position. Yet, a decline in NII and fee income remains a concern.

Fifth Third Q3 Earnings Beat on High Loan Demand, NII Declines Y/Y

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

Fifth Third Bancorp (FITB) Reports Q3 Earnings: What Key Metrics Have to Say

Fifth Third Bancorp (FITB) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.92 per share a year ago.

Fifth Third Bancorp (FITB) Q3 Earnings Top Estimates

Fifth Third Bancorp reported a fall in its third-quarter profit on Friday, as the bank set aside more money to cover for potential loan defaults, sending its shares down 3% in premarket trading.

Fifth Third Bancorp's profit falls on higher loan loss provisions

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB): Key Financial Data             Key Highlights $ in millions for all balance sheet and income statement items                 3Q24 2Q24 3Q23 Stability: Sequential growth in net interest income and net interest margin driven by the repricing benefit on fixed rate loan portfolio and moderating deposit costs Strong profitability resulted in CET1 increasing to 10.75% while executing a $200 million share repurchase and raising common sto.

Fifth Third Bancorp Reports Third Quarter 2024 Diluted Earnings Per Share of $0.78

CINCINNATI--(BUSINESS WIRE)--As Florida begins to rebuild from Hurricane Milton's impact, the Fifth Third Foundation is proud to announce a $250,000 commitment to local nonprofit organizations as they provide care, comfort and support to local communities. “It's not just our responsibility as a good corporate citizen to respond in times of crisis, but it's also our responsibility as a good neighbor,” said Kala Gibson, chief corporate responsibility officer for Fifth Third. “We live and work in.

Fifth Third Foundation Supports Communities Impacted by Hurricane Milton

CINCINNATI--(BUSINESS WIRE)--Fifth Third broke ground yesterday on a new financial center in the West Englewood neighborhood on the storied South Side of Chicago, one of five centers the Bank is opening in a low- and moderate-income (LMI) or high minority (HMT) population census tract this year. With the next gen branch, Fifth Third will help increase financial access to residents while contributing to the revitalization of the Western Avenue corridor. At a groundbreaking ceremony held yesterda.

Fifth Third Breaks Ground on Englewood Financial Center on the South Side of Chicago

Besides Wall Street's top -and-bottom-line estimates for Fifth Third Bancorp (FITB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

What Analyst Projections for Key Metrics Reveal About Fifth Third Bancorp (FITB) Q3 Earnings

Allstate

Blackstone Group

Hannon Armstrong Sustainable Infrastructure Capital

Hartford Financial Services Group

MetLife

Synchrony Financial

Hanover Insurance Group

Virtu Financial

Financial stocks play a critical role in the economy and are a key component of any well-rounded portfolio.

The Best Financial Stocks to Buy

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?

Fifth Third Bancorp (FITB) is a Top Dividend Stock Right Now: Should You Buy?

FITB's third-quarter 2024 earnings are likely to have been impacted by higher expenses. A rise in fee income is expected to have aided.

High Expenses to Hurt Fifth Third's Q3 Earnings, Fee Income to Ail

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.

Analysts Estimate Fifth Third Bancorp (FITB) to Report a Decline in Earnings: What to Look Out for

CINCINNATI--(BUSINESS WIRE)--Greater Cincinnati is a community built by changemakers: the individuals, institutions and innovators who boldly pursue new opportunities to help the city grow and thrive. During BLINK, the nation's largest public art and light event, Fifth Third will transform Cincinnati's historic Fountain Square into a unique and innovative art and light installation that celebrates the community's entrepreneurial spirit – and challenges visitors to think differently about its fu.

Fifth Third, B!G Art Celebrate Changemakers in Unique Art Installation for Cincinnati's BLINK Festival

CINCINNATI--(BUSINESS WIRE)--For more than a century, Fifth Third Bank has managed private foundations, empowering individuals, families and institutions to realize their visions and leave a legacy for the greater good. It all started with Bank president, Jacob G. Schmidlapp. A pioneer, ahead of his time, he established the Jacob G. Schmidlapp Trust in 1903. Today, the Foundation Office at Fifth Third Bank works diligently to ensure these foundations fulfill their mission of giving back to wort.

Foundation Office at Fifth Third Bank: Grant Application Process Open from Oct. 1 – Nov. 22

Comerica

M&T Bank

PNC Financial Services

Truist Financial

U.S. Bancorp

US banks' third quarter earnings are expected to benefit from upcoming Federal Reserve rate cuts, Bank of America analysts believe.   Reduced rates could be a positive development for banks, particularly in a scenario where customer activity rebounds contributing to an economic soft landing, the analysts wrote in a note to clients.

Regional US banks favored by analysts going into quarterly earnings

CINCINNATI--(BUSINESS WIRE)--The Fifth Third Foundation is proud to support the American Red Cross and local nonprofit organizations across the southeastern U.S. as they provide care, comfort and support to local communities affected by Hurricane Helene. A longtime supporter of the American Red Cross Disaster Responder Program, Fifth Third has contributed $350,000 to Red Cross Disaster Relief, including $100,000 specifically designated to provide aid in the Carolinas. Additionally, the Fifth Th.

Fifth Third Foundation Supports Communities Impacted by Hurricane Helene

Bank of New York Mellon

Citigroup

JPMorgan Chase & Co

The first nine months of 2024 were exceptional for the S&P 500 Index. The index rallied 21.4% during the period.

S&P 500 Banks Outperform the Index YTD: 5 Stocks to Watch

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank is pleased to announce a new structure within its Commercial Bank that builds upon the organization's successes and continues to position the firm for the future. Corporate & Investment Banking serves a variety of industries with a team of experienced bankers dedicated to providing solutions based on the Bank's industry-specific knowledge sectors. The new Corporate & Investment Banking structure empowers the bank to serve clients with a broa.

Fifth Third Announces Corporate & Investment Banking Structure

AbbVie

Bank of America

Blackrock Inc

Caterpillar

Citizens Financial Group

Cigna

Deere & Company

Discover

Fastenal

Goldman Sachs

Interpublic Group of Companies

KeyCorp

Lamb Weston Hlds

Morgan Stanley

Omnicom Group

Otis Worldwide

Regions Financial

Ralph Lauren

Charles Schwab

Simon Property Group

Steel Dynamics

Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best. Here we take a look at 30 dividend stocks in the S&P 500 that have been the best Q4 performers over the last ten years. 2024 has been a strong year already for high-yielding stocks, and now they have Q4 seasonality as another tailwind.

Dividend Stocks With Strong Q4 Seasonality

Fifth Third Bancorp (FITB) Could Be a Great Choice

CINCINNATI--(BUSINESS WIRE)--Fifth Third's inclusive employment practices have been recognized by the National Organization on Disability (NOD), which has named the company a 2024 Leading Disability Employer in advance of National Disability Employment Awareness Month in October. The award recognizes Fifth Third's disability inclusion efforts in areas including workforce strategy, talent outcome metrics and sourcing, climate & culture, people practices, and workplace tools & accessibili.

Fifth Third Named a 2024 Leading Disability Employer by the National Organization on Disability

CINCINNATI--(BUSINESS WIRE)--The Fifth Third New Markets Development Company has received a $50 million allocation in New Markets Tax Credits from the U.S. Department of the Treasury's Community Development Financial Institutions Fund. An affiliate of the Fifth Third Community Development Company, LLC (CDC), the Fifth Third New Markets Development Company is one of 104 community development entities across the U.S. to receive an award in the $5 billion Treasury fund allocation announced on Sept.

Fifth Third Receives $50M Federal New Markets Tax Credits Allocation

CINCINNATI--(BUSINESS WIRE)--Fifth Third has earned recognition by USA Today as among America's Climate Leaders 2024.

Fifth Third Ranked Among America's Climate Leaders 2024 by USA Today

CINCINNATI--(BUSINESS WIRE)--As part of its 2024 Big Bank Theory Awards, Tearsheet has named Newline™ by Fifth Third its Best New Embedded Finance Platform winner. The Big Bank Theory Awards by Tearsheet are the organization's premier awards program recognizing and celebrating innovation in banking and embedded finance. With its awards program, Tearsheet brings together industry leaders, innovative startups, and key incumbent players in the field to acknowledge the companies shaping the future.

Newline™ by Fifth Third Awarded Best New Embedded Finance Platform by Tearsheet

The Fed's recent rate cut and Fifth Third's strategic expansion efforts are likely to have driven the stock to its 52-week high. Rising costs remain a concern.

News for Fifth Third Bancorp Stock (FITB)