Fifth Third(FITB)

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Fifth Third(FITB) - 2024 Q1 - Earnings Call Presentation
2024-04-19 13:32
~$22 Unpledged Investment Securities ~$20 ~$12 Current Fed Discount Window Availability ~$54 ~$9 ~$107 Common equity tier 1 ratio1 10.29% ~30 bps ~7 bps (~15 bps) (~8 bps) ~1 bp 10.44% 4Q23 Net income to common RWA Common dividends Modified CECL transition Other 1Q24 Liquidity position • Loan-to-core deposit ratio of 71% ‒ Monthly 2052a complex liquidity monitoring reporting © Fifth Third Bancorp | All Rights Reserved Ó Fifth Third Bancorp | All Rights Reserved 2 There are a number of important factors that ...
Fifth Third(FITB) - 2024 Q1 - Quarterly Results
2024-04-19 10:30
Fifth Third Bancorp Reports First Quarter 2024 Diluted Earnings Per Share of $0.70 Grew deposits year-over-year and further strengthened liquidity and capital positions Reported results included a negative $0.06 impact from certain items on page 2 | Key Financial Data | | | Key Highlights | | | --- | --- | --- | --- | --- | | $ in millions for all balance sheet and income statement items | | | | | | | 1Q24 | 4Q23 | 1Q23 | Stability: | | Income Statement Data | | | | | | Net income available to common shareh ...
Why Fifth Third (FITB) Might Surprise This Earnings Season
Zacks Investment Research· 2024-04-18 13:51
Investors are always looking for stocks that are poised to beat at earnings season and Fifth Third Bancorp (FITB) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Fifth Third is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty go ...
Unlocking Q1 Potential of Fifth Third Bancorp (FITB): Exploring Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-04-16 14:16
Wall Street analysts expect Fifth Third Bancorp (FITB) to post quarterly earnings of $0.71 per share in its upcoming report, which indicates a year-over-year decline of 9%. Revenues are expected to be $2.09 billion, down 5.7% from the year-ago quarter.The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a c ...
Fifth Third Bancorp (FITB) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
Zacks Investment Research· 2024-04-12 15:01
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 March 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.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...
Why Fifth Third Bancorp (FITB) is Poised to Beat Earnings Estimates Again
Zacks Investment Research· 2024-04-05 17:16
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Fifth Third Bancorp (FITB) , which belongs to the Zacks Banks - Major Regional industry.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 11.10%.For the most recent quarter, Fifth Third Bancorp was expected to post earnings of $0.90 per sha ...
Fifth Third Bancorp Announces Cash Dividends
Businesswire· 2024-03-18 17:11
CINCINNATI--(BUSINESS WIRE)--Today, Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares. Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.35 per share for the first quarter of 2024. The dividend is payable on April 15, 2024 to shareholders of record as of Marc ...
Fifth Third named one of the World's Most Ethical Companies® by Ethisphere for the fifth time
Businesswire· 2024-03-04 21:00
CINCINNATI--(BUSINESS WIRE)--Fifth Third is proud to announce it has been named to the 2024 World’s Most Ethical Companies® list by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. This is the fifth time Fifth Third has earned this recognition from Ethisphere and is one of only four banks worldwide, including two in the U.S., to be recognized on the 2024 list. In 2024, 136 companies were recognized across 20 countries and 44 industries. “We are honored E ...
New $1.1 Million Investment from Fifth Third Foundation Advances NMSDC Centers of Excellence Certificate Program
Businesswire· 2024-02-29 13:00
NEW YORK--(BUSINESS WIRE)--The National Minority Supplier Development Council (NMSDC) and Fifth Third today announce the continuance of NMSDC’s innovative Centers of Excellence Certificate Program (COECP) through 2026. The COECP facilitates the development and growth of NMSDC-certified minority business enterprises, prepares them to compete for larger contracting opportunities and facilitates opportunities for strategic partnerships, mentoring and networking. The Fifth Third Foundation will provide an ad ...
Fifth Third (FITB) Rides on Organic Growth Amid Cost Woes
Zacks Investment Research· 2024-02-28 14:51
Fifth Third Bancorp (FITB) is well poised to benefit from diversified revenue sources. This, along with rising deposits and loans, is likely to keep supporting balance sheet strength. Yet, mounting operating expenses are likely to hamper profitability to some extent. Also, high exposure to commercial loans remains a concern.Fifth Third has expanded its fee-income base over the years on various strategic acquisitions. The bank completed the acquisition of Big Data LLC in 2023, adding national healthcare reve ...