Core Viewpoint - Fifth Third Bancorp (FITB) has approved a new share repurchase authorization of up to 100 million shares, replacing the previous authorization of 11.8 million shares, providing flexibility for stock buybacks without a set expiration or price limit [1][2][7] Group 1: Share Repurchase Program - The new repurchase authorization allows for buybacks through open-market transactions or privately negotiated transactions, including Rule 10b5-1 programs [2] - The repurchase program can be modified, suspended, or discontinued based on market conditions and legal requirements [2] Group 2: Dividend Actions - In September 2024, FITB announced a 5.7% increase in its quarterly dividend to 37 cents per share, marking the fourth increase in the last five years [3] - The company has a payout ratio of 44%, and with a closing price of $38.32, the annualized dividend yield stands at 3.86% [3] Group 3: Financial Position - As of March 31, 2025, FITB had cash and due from banks totaling $17.9 billion, with total debt at $19.9 billion and short-term borrowings of $5.5 billion [4] - The common equity tier (CET) 1 ratio was reported at 10.45%, indicating room for enhancing capital distribution plans [4][5] Group 4: Market Performance - Over the past year, FITB shares have gained 6.2%, while the industry has seen a growth of 17.8% [6] - Currently, FITB holds a Zacks Rank of 3 (Hold) [8]

Key Takeaways BAC, USB and FITB express interest in stablecoins amid shifting U.S. regulatory sentiment. GENIUS and STABLE acts aim to set reserve rules, ban algorithmic coins and clarify oversight. Executives cite transaction speed, deposit retention, and payment efficiency as key benefits.At an industry conference in New York last week, senior executives of Bank of America (BAC) , Fifth Third Bancorp (FITB) and U.S. Bancorp (USB) stated that they are open to adopting stablecoins as they anticipate favor ...

Fifth Third Bancorp (FITB) 2025 Conference June 10, 2025 07:30 AM ET Speaker0 Morning. I'm Manan Ghisalia, the MidCap Bank's Analyst here at Morgan Stanley. On behalf of the entire MS Financials team, I'd like to welcome you all to the sixteenth Annual Morgan Stanley Financials Conference. We've got a great lineup over the next two days with 125 companies in attendance, so lots to look forward to. I'm going get a quick disclosure out of the way, and that is for important disclosures, please see the Morgan S ...

Morgan Stanley US Financials Conference Bryan Preston Chief Financial Officer June 10, 2025 © Fifth Third Bancorp | All Rights Reserved Cautionary Statement This presentation contains statements that we believe are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements other than statements of historic ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 Commission File Number 001-33653 Fifth Third Bancorp (Exact name of Registrant as specified in its charter) (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification Number) Ohio 31-0854434 38 Fountain Square Plaza Cincinnati, Ohio 45263 (Ad ...

Financial Data and Key Metrics Changes - The company reported earnings per share of 71 cents, or 73 cents excluding certain items, exceeding consensus estimates [7] - Pre-provisioned net revenue (PPNR) grew by 5% year-over-year, with an adjusted return on equity of 11.2% [7] - Tangible book value per share increased by 15% over the prior year, despite the 10-year treasury rate remaining unchanged [8] - Net interest income (NII) grew by 4% year-over-year, with net interest margins expanding for the fifth consecutive quarter [10] Business Line Data and Key Metrics Changes - Total loans grew by 3% year-over-year, driven by strong middle market commercial and industrial (C&I) production and balanced growth across consumer-secured lending categories [9] - Commercial payments revenue increased by 6%, while wealth and asset management revenue grew by 7%, supported by a 10% growth in assets under management (AUM) [10] - Adjusted non-interest income increased by 1% compared to the prior year, driven by growth in wealth and commercial payments [30] Market Data and Key Metrics Changes - Core deposits remained stable, with total household growth of 2% and 5% growth in the Southeast [9] - Average core deposits decreased by 2% sequentially, primarily due to normal seasonality and commercial factors [26] - The loan-to-core deposit ratio was 75%, up 2% from the prior quarter, indicating strong liquidity management [28] Company Strategy and Development Direction - The company aims to achieve record NII within existing guidance, even without rate cuts or further loan growth [16] - Focus on maintaining a resilient business mix and managing the balance sheet defensively to adapt to changing conditions [12] - Continued investments in Southeast branches and growth in commercial payments are expected to enhance operational deposit funding [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering stability, profitability, and growth amid uncertain economic conditions [7] - The company is preparing for potential economic slowdowns by maintaining a diversified loan origination platform and proactive credit management [12][13] - Management anticipates that inflation may rise while growth could slow down, but unemployment may remain stable [63] Other Important Information - The company has a high allowance for credit losses (ACL) coverage ratio of 2.07%, among the highest in its peer group [38] - The CET1 ratio was maintained at 10.5%, exceeding the minimum buffer requirement [39] - The company plans to repurchase $400 million to $500 million of stock in the second half of 2025, depending on loan growth [50] Q&A Session Summary Question: Can you share insights on interactions with commercial customers amid economic uncertainty? - Management noted that commercial customers are concerned about tariffs and are likely to push prices to cover costs, with no indications of layoffs among clients [56][62] Question: What areas aside from credit is the company focusing on to navigate a potential slowdown? - Management emphasized the importance of deposit funding and disciplined expense management as key focus areas [68][69] Question: Can you provide details on the increase in non-performing loans (NPLs)? - The increase was primarily due to two ABL loans, but management remains confident in the overall health of the portfolio [75][80] Question: How is the company managing costs without impairing growth plans? - Management indicated that cost reductions would come from variable compensation adjustments and operational efficiencies, while continuing to invest in growth areas [95] Question: What is the outlook for the U.S. consumer and associated risks? - Management highlighted that lower-income consumers are under stress, while higher-income individuals are likely to reduce spending, but the middle class remains stable as long as unemployment does not rise significantly [125][132]

Fifth Third Bancorp (FITB) has reported first-quarter 2025 adjusted earnings per share (EPS) of 73 cents, surpassing the Zacks Consensus Estimate of 70 cents. In the prior-year quarter, the company posted an EPS of 76 cents.Results benefited from a rise in net interest income (NII) and loan balances. A reduction in expenses was another positive. A decline in fee income and weak asset quality were headwinds.Results included a negative 2-cent impact of certain items. After considering this, the company has re ...

Fifth Third Bancorp (FITB) Q1 2025 Earnings Conference Call April 17, 2025 09:00 AM ET Company Participants Call Moderator - Conference OperatorKate - Conference CoordinatorTim Spence - Chairman, CEO & PresidentBrian Preston - Chief Financial Officer (CFO)Greg Schreck - Chief Credit Officer Conference Call Participants Gerald Cassidy - Analyst, RBC Capital MarketsAbraham Poonawalla - Analyst, Bank of AmericaScott Safers - Analyst, Piper SandlerMike Mayo - Analyst, Wells FargoKen Austin - Analyst, Autonomous ...

Fifth Third Bancorp 1Q25 Earnings Presentation April 17, 2025 Refer to earnings release dated April 17, 2025 for further information. © Fifth Third Bancorp | All Rights Reserved Cautionary statement This presentation contains statements that we believe are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All st ...

Financial Performance - Fifth Third Bancorp reported net income available to common shareholders of $478 million, or $0.71 per diluted share, a decrease of 18% from the prior quarter and stable compared to the year-ago quarter [6]. - Net interest income (NII) for Q1 2025 was $1,442 million, reflecting a 4% increase year-over-year, while the net interest margin (NIM) expanded to 3.03%, up 17 basis points from the previous year [7][8]. - Noninterest income decreased by 5% sequentially to $694 million, with notable declines in capital markets fees and commercial banking revenue, down 27% each compared to the prior quarter [9][11]. - Noninterest expense increased by 6% sequentially to $1,304 million, but decreased by 3% year-over-year, reflecting disciplined expense management [13][14]. - The return on average common equity was 10.8%, down from 13.0% in the previous quarter, indicating a need for improved profitability measures [1]. - Net income available to common shareholders fell by 18% to $478 million compared to the previous quarter [42]. - Earnings per share (diluted) decreased by 16% to $0.71, while basic earnings per share increased by 1% to $0.71 year-over-year [42]. - Total revenue (FTE) for Q1 2025 was $2,136 million, a decrease of 1.8% sequentially and an increase of 1.7% year-over-year [46]. - Income before income taxes (FTE) for Q1 2025 was $658 million, a decrease from $770 million in Q4 2024, showing a decline in profitability [72]. Loan and Lease Growth - The average portfolio loans and leases rose to $121,272 million, a 3% increase sequentially and year-over-year, driven by growth in both commercial and consumer lending [1]. - Total average portfolio loans and leases increased 3% compared to the prior quarter, with commercial loans and leases up 4% and consumer loans up 2% [16]. - Period-end commercial portfolio loans and leases reached $75 billion, a 3% increase from the prior quarter and a 4% increase year-over-year [19]. - Period-end consumer portfolio loans totaled $47 billion, increasing 1% from the prior quarter and 6% year-over-year [20]. - Total loans and leases increased to $121.764 billion in March 2025, up from $118.492 billion in December 2024, representing a growth of 1.92% [53]. Credit Quality - The provision for credit losses totaled $174 million in the current quarter, with an allowance for credit losses (ACL) ratio of 2.07% of total portfolio loans and leases [26]. - Nonperforming portfolio loans and leases (NPLs) increased to $966 million, resulting in an NPL ratio of 0.79%, up 10 basis points from the prior quarter [60]. - Total net charge-offs were $136 million, with a net charge-off (NCO) ratio of 0.46%, unchanged from the prior quarter [27]. - The allowance for loan and lease losses increased to $2,384 million, a 3% increase from $2,318 million in March 2024 [50]. - Total nonperforming assets rose to $1,017 million in March 2025, compared to $860 million in December 2024 [60]. Capital and Equity - CET1 capital ratio decreased by 12 basis points to 10.45% due to loan growth increasing risk-weighted assets [31]. - Average total Bancorp shareholders' equity as a percentage of average assets increased to 9.50% from 9.40% in the previous quarter [31]. - Fifth Third repurchased $225 million of its common stock, reducing shares outstanding by approximately 5.2 million [31]. - Total equity rose to $20,403 million, a 7% increase compared to $19,018 million in March 2024 [50]. - The Tier 1 risk-based capital ratio was 11.73% in March 2025, down from 11.86% in December 2024 [56]. Market and Operational Efficiency - The effective tax rate for the quarter was 21.2%, up from 18.8% in the prior quarter [32]. - The efficiency ratio (FTE) improved to 61.0% in Q1 2025 compared to 56.4% in Q4 2024, indicating increased operational efficiency [70]. - The company plans to continue focusing on stability, profitability, and growth as its operating principles amid economic uncertainty [4]. - The company has been recognized among Ethisphere's World's Most Ethical Companies® for several years [34]. - Fifth Third aims to be the highest performing regional bank in the U.S. while maintaining a strong commitment to community impact [34].