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 ...

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 ...

Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding onethird of total returns in many cases. Based in Cincinnati, Fifth Third ...

Shares of Fifth Third Bancorp (FITB) gained 3% in the after-market trading as it announced a new share repurchase agreement with Morgan Stanley & Co. LLC (MS) . Under this, the company will buy back nearly $125 million of its outstanding common stock. The buyback is part of a 100 million share repurchase program that was announced in June 2019. Second-Quarter Revenue Guidance Trimmed The company reiterated average loans & leases to be stable for the second quarter of 2024. The net charge-off ratio is projec ...

Fifth Third has been focused on treasury management and wealth and asset management business in the past few quarters to bolster its non-interest income, which is less volatile compared with spread income. Although the metric declined 0.6% in 2022, it grew in 2021, 2023 and the first quarter of 2024. This was primarily driven by strategic investments. FITB is also undertaking efforts to increase non-interest income through new collaboration. In May 2024, in collaboration with Bottomline, the company launche ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that mea ...

Fifth Third Bancorp (FITB) , in collaboration with Bottomline, has launched Enhanced Payables, a new payment platform powered by the latter's business payments network, Paymode-X. Enhanced Payables integrates Bottomline's industry-leading business payments technology and FITB's wide-ranging banking services to offer customers a diverse range of payment modes. With this new service, customers can streamline their payment processes, efficiently manage their cash flow and finally boost overall efficiency. Acco ...

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, 2024 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 ...