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 (FITB) announces new share repurchase agreement to buy back nearly $125 million shares. At the Morgan Stanley conference, it provides updated guidance for second-quarter 2024.

Fifth Third (FITB) Gains on New Buyback Deal, Offers Q2 Update

Bank of America

Citizens Financial Group

Comerica

Huntington Bancshares

JPMorgan Chase & Co

KeyCorp

M&T Bank

New York Community Bancorp

Bank OZK

PNC Financial Services

Regions Financial

Truist Financial

Valley National

Wells Fargo

Zions Bancorp

By now you have probably seen myriad headlines about an alarming level of risk that banks are facing from potential losses on their portfolios of loans secured by office buildings. But there are fallacies in many media reports.

These numbers show that banks' risk from office real estate has been exaggerated

CINCINNATI--(BUSINESS WIRE)--Fifth Third has announced the opening of its sixth commercial banking office in California with a new location in Bakersfield. The expansion exemplifies the Bank's continued investment in the California market. Located in the Central Valley, the office covers Fresno, Kern, Kings, Madera, Mariposa, Merced and Tulare counties and is staffed by a locally based team with a longstanding history with the region. Part of the California community since 2012, Fifth Third ope.

Fifth Third Bank Opens Central Valley Commercial Banking Office

Blackstone Group

SPDR S&P Regional Banking ETF

T. Rowe Price Group

U.S. Bancorp

Bank stocks held on to gains on Wednesday after the Federal Reserve kept rates steady and a tame monthly inflation gauge sparked optimism in the sector.

Bank stocks and corporate bonds hold gains on flat inflation report and Fed update

Citigroup

Bank stocks are getting their teeth kicked in today.

3 Bank Stocks Cooling Off from Their Peaks

CINCINNATI--(BUSINESS WIRE)--For the last four years, Fifth Third Bank has been on a modernization transformation journey to secure and enable its customers and employees. These efforts have been recognized by the Identity Defined Security Alliance (IDSA), which named the Bank the 2024 Enterprise Identity Management Project of the Year. Fifth Third is one of four companies to receive this international award. The IDSA is a nonprofit organization that provides vendor-neutral education and resour.

Fifth Third Named 2024 Enterprise Identity Management Project of the Year by the Identity Defined Security Alliance

Bank of New York Mellon

Capital One

DHL Group

Northern Trust

State Street

That's for at least two reasons. The first is higher interest rates: Many commercial mortgages are five-year balloons, which means that many loans extended at low rates in 2019 are repricing this year at much higher rates.

The bank stocks that conservative investors should consider

Fifth Third's (FITB) revenues are benefiting from strategic acquisition. However, elevated expenses are likely to impede growth.

Fifth Third (FITB) Thrives on Organic Growth Amid Cost Woes

CINCINNATI--(BUSINESS WIRE)--Fifth Third Private Bank, a division of Fifth Third Bank, was named Best Private Bank for High Net Worth Clients by The Digital Banker and Global Private Banker as part of the Global Private Banking Innovation Awards for the third consecutive year. In addition, the Private Bank was named Best Private Bank for Succession Planning for 2024. “This honor serves as a reminder that our clients can rely on Fifth Third Private Bank regardless of the economic cycle,” said Kr.

For Third Consecutive Year, Fifth Third Private Bank Recognized as Best for High Net Worth Clients

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Morgan Stanley US Financials, Payments & CRE Conference on June 11, 2024, at approximately 7:25 AM ET. 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 section of www.53.com. Additionally, any slides used in the.

Fifth Third Bancorp to Participate in the Morgan Stanley US Financials, Payments & CRE Conference

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank today announced the opening of its Dallas-based Fifth Third Wealth Advisors office. The office is the eighth location for the Bank's independent Registered Investment Advisor. In March, Fifth Third Wealth Advisors announced in less than 18 months since posting its launch, it had exceeded $1 billion in assets under management (AUM). “Our adviser teams have the opportunity to take advantage of our flexible investment management platform while also pro.

Fifth Third Opens Dallas-based Fifth Third Wealth Advisors Office

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Bernstein Strategic Decisions Conference on May 29, 2024, at approximately 3:30 PM ET. Tim Spence, chairman, chief executive officer and president, 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 section of www.53.com. Additionally, any slides used in the presentation will be made a.

Fifth Third Bancorp to Participate in the Bernstein Strategic Decisions Conference

Fifth Third (FITB) and Bottomline unveil Enhanced Payables to streamline the payment process. This is likely to offer the bank a competitive advantage over its peers.

Fifth Third (FITB) and Bottomline Launch Enhanced Payables

CINCINNATI--(BUSINESS WIRE)--Fifth Third (NASDAQ:FITB) and Bottomline announced the launch of Enhanced Payables powered by Bottomline and its business payments network, Paymode-X. The solution combines the capabilities of Bottomline's industry-leading business payments technology with Fifth Third's extensive banking services to provide customers with a comprehensive suite of payment options. With this new offering, customers can streamline their payment processes, improve cash flow management,.

Fifth Third Launches New Payables Solution to Solve Clients' Jobs to Be Done

CINCINNATI--(BUSINESS WIRE)--Fifth Third's Financial Empowerment Mobile, commonly known as the eBus, brings financial access and education directly into communities, especially underserved areas. For 2024, the eBus has been reimagined to offer enhanced experiences including immediate checking account opening, face-to-face consultation pods for private conversations, computer workstations for guests and broader services. “At Fifth Third, we believe that lives are improved when people have the kn.

Fifth Third's Financial Empowerment Mobile Begins New Season of Supporting Communities with SpringFour's Financial Health Resources and Reimagined Experience

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank is proud to announce it has been named to the Dave Thomas Foundation for Adoption list of 100 Best Adoption-Friendly Workplaces. This recognition highlights employers that are leading the way in providing adoption and foster care benefits and recognizing the need for this life-changing support. Fifth Third recently increased its adoption reimbursement to $15,000 per adopted child to support employees who want to build their families through adoption.

Fifth Third Recognized as a Best Adoption-Friendly Workplace by Dave Thomas Foundation for Adoption

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank's nearly 20,000 employees will celebrate “Fifth Third Day XXXIII” by volunteering and donating to fight food insecurity in the communities where they live and work. On May 3, celebrated as “Fifth Third Day,” the Bank will provide millions of meals across its footprint through a combination of volunteerism, donations and fundraising efforts. “Food insecurity impacts too many of our communities, and due to inflation and rising food prices, the fight a.

Fighting Food Insecurity and Supporting Communities Focus of “Fifth Third Day”

Fifth Third Bancorp remains exposed to high-growth regions of the country.

Fifth Third Bancorp: Expensive For The Right Reasons

CINCINNATI--(BUSINESS WIRE)--As part of its commitment to combat climate change and in celebration of Earth Day 2024, Fifth Third Bank today announced it has joined Mastercard's Priceless Planet Coalition, an effort to restore 100 million trees across the globe by 2025. By signing onto the coalition, Fifth Third will do its part and help to restore 10,000 trees. The Priceless Planet Coalition is a valuable international program that helps promote tree restoration across six continents with 18 r.

Fifth Third Joins Mastercard's Priceless Planet Coalition

Fifth Third Bancorp (NASDAQ:FITB ) Q1 2024 Earnings Conference Call April 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 Mike Mayo - Wells Fargo Scott Siefers - Piper Sandler Gerard Cassidy - RBC Capital Ebrahim Poonawala - Bank of America John Pancari - Evercore Ken Usdin - Jefferies Vivek Juneja - JPMorgan Manan Gosalia - Morgan Stanley Christopher Marinac - Janney Operator Good day. My name is Ellie, and I will be your conference operator for today.

Fifth Third Bancorp (FITB) Q1 2024 Earnings Call Transcript

An increase in fee income and lower provisions aid Fifth Third's (FITB) Q1 earnings, while higher expenses create headwinds.

Fifth Third (FITB) Q1 Earnings Beat, Revenues Decline Y/Y

American Express

Procter & Gamble

Pre-market futures are down at this hour, but much better than earlier. Last night, reports that Israel's military had retaliated against Iran's thwarted missile attack — an unprecedented event, by the way: never before had Iran launched an offensive on its long-time regional rival Israel — in a move many domestic news pundits are worried may foment greater aggression in the region, and opposed to the wishes of the White House.

Key Insights from Corporate Earnings

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

Fifth Third Bancorp (FITB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Fifth Third Bancorp (FITB) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.78 per share a year ago.

Fifth Third Bancorp (FITB) Beats Q1 Earnings and Revenue Estimates

Fifth Third Bancorp posted a 10% drop in first-quarter profit on Friday as higher deposit costs weighed on the lender's interest income.

News for Fifth Third Bancorp Stock (FITB)