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 June 30, 2024 Commission File Number 001-33653 | --- | --- | |---------------------------------------------------------------------------|-------------------------------| | | | | | | | | | | | | | Fifth Third Bancorp (Exact name of Registrant as specified in | its charter) | | | | | | | | Ohi ...

High quality Shared National Credit portfolio Shared National Credit portfolio is well diversified SNC portfolio | --- | --- | --- | --- | --- | |-----------------------------|----------------------|-----------------------|------------------------|------------------------------------------------------------------------------------------------------------------| | | | | | | | | | Industry mix | | • Reduced balances 12% compared to 2Q23 | | $31.9BN ~27% of total loans | Wholesale | Other industries 21% | Reta ...

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 ...

For the quarter ended June 2024, Fifth Third Bancorp (FITB) reported revenue of $2.08 billion, down 4.6% over the same period last year. EPS came in at $0.86, compared to $0.87 in the year-ago quarter. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. View all Key Company Metrics for Fifth Third Bancorp here>>> While investors closely ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. Fifth Third Bancorp shares have added about 16.6% since the beginning of the year versus the S&P 500's gain of 16.2%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. It will be ...

Fifth Third Bancorp Reports Second Quarter 2024 Diluted Earnings Per Share of $0.81 Resilient balance sheet and disciplined expense management leads to strong and stable returns Reported results included a negative $0.05 impact from certain items on page 2 | Key Financial Data | | | Key Highlights | | | --- | --- | --- | --- | --- | | $ in millions for all balance sheet and income statement items | | | | | | | 2Q24 | 1Q24 | 2Q23 | Stability: | | Income Statement Data | | | | | | Net income available to comm ...

This Cincinnati, OH-based lender has an impressive earnings surprise history. Its earnings beat estimates in all of the trailing four quarters, the surprise being 8.52%, on average. Here are some factors that are expected to have impacted FITB's quarterly performance. In the last reported quarter, the bank's earnings surpassed the Zacks Consensus Estimate. Results were aided by a rise in non-interest income and deposit balance. However, a fall in net interest income (NII) limited its revenue growth. Higher ...

For Fifth Third Bancorp, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus est ...

The market expects Fifth Third Bancorp (FITB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the imme ...

In a statement provided to PYMNTS, Cincinnati-based Fifth Third said it agreed to pay a $15 million fine for sales practices and a $5 million fine for auto finance servicing activities. The bank will also work with the CFPB on remediation plans for customers not already remediated for these issues. A CFPB investigation found that Fifth Third engaged in illegal repossessions and charged illegal fees via its insurance coverage. Between mid-2011 and the end of 2020, more than half of these policies were charge ...