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.

Fifth Third Bancorp (FITB) CEO Greg Carmichael on Q3 2020 Results - Earnings Call Transcript

Fifth Third's (FITB) Q3 results reflect lower expenses and solid growth in deposit balances, partially offset by a decline in revenues.

Fifth Third (FITB) Q3 Earnings Beat Estimates, Costs Decline

Shares of Fifth Third Bancorp (NASDAQ:FITB) rose 0.8% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 13.33% year over year to $0.85, which beat the estimate of $0.60.

Recap: Fifth Third Bancorp Q3 Earnings

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (FITB): Key Highlights Very strong reported and adjusted return metrics, reflecting strong operating results Credit losses well below previous expectations with a NCO ratio of 0.35%, the lowest level since 2Q19 PPNR(a) exceeded previous guidance, led by strong fees and better-than-expected NII performance (interest-bearing core deposit costs down 14 bps, more than previous guidance) 3Q20 NIM was negatively impacted ~48 bps due to excess liquidity

Fifth Third Announces Third Quarter 2020 Results

Fifth Third's (FITB) Q3 earnings are expected to have been driven by prudent expense control, offset by low rates.

Will Fee Income Support Fifth Third's (FITB) Q3 Earnings?

CINCINNATI & CLEVELAND--(BUSINESS WIRE)--Fifth Third Bank, National Association, announced today its second equity investment in Bellwether Enterprise Real Estate Capital, LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (ECI). In addition, Lars Anderson, executive vice president and vice chairman of Commercial Banking Strategic Growth Initiatives for Fifth Third, has been appointed to Bellwether Enterprise's Board o

Fifth Third Bank Strengthens Relationship with Bellwether Enterprise

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, has been named to the fourth annual Diversity Best Practices (DBP) Inclusion Index. The index helps organizations understand trends and gaps in demographic representation, creates a road map to drive internal change, and identifies diversity, equity and inclusion solutions to close the gaps. This is Fifth Third's fourth time appearing on the index. “Inclusion and diversity are integral to the culture at Fifth Third and we are

Fifth Third Bank Named to the Diversity Best Practices Inclusion Index

Bank of New York Mellon

BankUnited

KeyCorp

Northern Trust

Decent performance of fee income components including trading, underwriting and investment banking is likely to have supported major banks' Q3 earnings amid low interest rates and economic slowdown.

5 Major Bank Stocks Set to Beat on Q3 Earnings Amid Low Rates

MetLife

Regions Financial

When in search of stocks that could be priced reasonably, one tool that investors can use is the Earnings Power Value (EPV) metric.

3 Stocks Trading Below the Earnings Power Value

CINCINNATI--(BUSINESS WIRE)--The Fifth Third Foundation today announced a collaboration with NeighborWorks America to support efforts addressing the impacts of COVID-19 in local communities across 18 NeighborWorks America network organizations located throughout Fifth Third’s 10-state footprint. The $600,000 collaboration, which will be funded through The Fifth Third Foundation’s COVID-19 relief, recovery and resiliency funds, will assist the network organizations’ efforts to prevent foreclosur

Fifth Third Collaborates with NeighborWorks America to Prevent Foreclosures and Evictions

GREENWOOD VILLAGE, Colo. & CINCINNATI--(BUSINESS WIRE)-- #401k--Empower Retirement and Fifth Third bolster service to retirement plan clients with acquisition agreement.

Empower Retirement and Fifth Third Bolster Service to Retirement Plan Clients With Acquisition Agreement

CINCINNATI--(BUSINESS WIRE)--Fifth Third's Momentum app has helped customers pay down more than $5 million in student loan debt.

Fifth Third Bank Helps Customers Pay Down $5 Million in Student Loan Debt

Citigroup

Huntington Bancshares

Wells Fargo

Big banks -- Wells Fargo (WFC), Citigroup (C), Fifth Third (FITB) and Huntington (HBAN) -- announce Q3 and FY20 guidance.

Banks Issue Mixed Views for Q3, Revenues Likely to be Stellar

CINCINNATI--(BUSINESS WIRE)--Fifth Third Foundations Makes $1.2 million investment in Black, Female Entrepreneurs

Fifth Third Foundation Powers $1.2 Million Innovation Meets Main Street Program for Black, Women-Owned Entrepreneurs

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will attend the 2020 Barclays Global Financial Services Conference on September 14, 2020 at approximately 9:45 AM ET. Greg D. Carmichael, chairman, president and chief executive officer, will present on behalf of the Company.

Fifth Third Bancorp to Attend Barclays Global Financial Services Conference

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced that it has joined the Historically Black Colleges and Universities Partnership Challenge, sponsored by the HBCU Caucus. The bipartisan initiative strengthens public-private investments in HBCUs to ensure their future sustainability, increase career prospects for their students, and advance diversity and inclusion within all sectors of employment.

Fifth Third Bank Joins HBCU Partnership Challenge

From a future core earnings expectation, the dividend looks very sustainable.

Fifth Third Bancorp: A Lower Provision Should Boost Future Earnings

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq.

FIFTH THIRD INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Fifth Third Bancorp - FITB

SAN DIEGO, Aug. 19, 2020 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential claims against Fifth Third Bancorp (NASDAQ: FITB) ("Fifth Third" or the "Company") for violations of federal securities laws.

Fifth Third/MB Financial (FITB) Alert: Johnson Fistel Continues Investigation into the Fifth Third Acquisition of MB Financial; MB Financial Investors Receiving Fifth Third Shares Encouraged to Contact Firm

CINCINNATI--(BUSINESS WIRE)--The Charlotte R. Schmidlapp Fund, Fifth Third Bank, Trustee, has gifted Cincinnati Children’s Hospital Medical Center with $1.66 million to permanently endow the Charlotte R.

The Charlotte R. Schmidlapp Fund, Fifth Third Bank, Trustee, Gives $1.6 Million Endowment to Support Career Development of Minority Women in Medicine and Biomedical Research

Fifth Third Bancorp: Higher Revenues And Lower Credit Costs To Lift Earnings

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank today celebrated the completion of a permanent performance stage on Fountain Square that it is presenting as a gift to the City of Cincinnati. The Fifth Third Center Stage, designed in partnership with 3CDC and the City of Cincinnati, fulfills a long-term community objective for a state-of-the-art public venue on Fountain Square.

Fifth Third Center Stage Dedicated on Hometown Fountain Square

Fifth Third Bancorp: Confident In The 5%+ Dividend Yield

Fifth Third didn't have a great second quarter, with core pre-provision profits pretty flat and a little below expectations, as lower provisioning and taxes drove the EPS beat.

Fifth Third Still Undervalued, But Mind The Weaker Pre-Provision Growth

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today announced that Fifth Third Bank, National Association has submitted a redemption notice to the issuing and paying agent for redemption of all of the Bank’s outstanding 2.200% fixed rate senior notes due October 30, 2020 (CUSIP 31677QBK4) issued in the principal amount of $750 million and senior floating rate notes due October 30, 2020 (CUSIP 31677QBL2) issued in the principal amount of $300 million. The notes will be redeemed

News for Fifth Third Bancorp Stock (FITB)