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[Executive Summary](index=1&type=section&id=Executive%20Summary) [Overall Performance & CEO Commentary](index=1&type=section&id=Overall%20Performance%20%26%20CEO%20Commentary) Fifth Third Bancorp reported strong Q3 2025 results, achieving its **fourth consecutive quarter of positive operating leverage** through robust revenue growth and expense discipline - Fifth Third Bancorp achieved its **fourth consecutive quarter of positive operating leverage** due to **strong revenue growth and expense discipline**[1](index=1&type=chunk) - CEO Tim Spence emphasized a **strong balance sheet, diverse revenue streams, and disciplined expense management**, with **continued expansion of net interest margin, improved pre-provision net revenue, and a strengthened efficiency ratio**[2](index=2&type=chunk) - Adjusted PPNR increased **6% sequentially** and **11% year-over-year**, marking the **highest annual growth rate in over two years**. The company repurchased **$300 million** of common stock and increased its quarterly common dividend by **8%** to **$0.40 per share**[3](index=3&type=chunk)[31](index=31&type=chunk) - The company's operating principles are **stability, profitability, and growth, in that order**, focusing on **high-quality deposits, diversified loan originations, recurring fee revenue, and operating scalability**[4](index=4&type=chunk)[5](index=5&type=chunk) [Key Financial Data & Highlights](index=1&type=section&id=Key%20Financial%20Data%20%26%20Highlights) Q3 2025 diluted EPS was **$0.91**, reflecting strong year-over-year improvements in net income, NII, and noninterest income, alongside stability and growth | Key Financial Data (3Q25 vs 2Q25 vs 3Q24) | 3Q25 | 2Q25 | 3Q24 | | :---------------------------------------- | :--- | :--- | :--- | | Net income available to common shareholders ($M) | **$608** | **$591** | **$532** | | Net interest income (U.S. GAAP) ($M) | **1,520** | **1,495** | **1,421** | | Noninterest income ($M) | **781** | **750** | **711** | | Noninterest expense ($M) | **1,267** | **1,264** | **1,244** | | Earnings per share, diluted | **$0.91** | **$0.88** | **$0.78** | | Tangible book value per share | **21.66** | **20.98** | **20.20** | | Average portfolio loans and leases ($M) | **$123,326** | **$123,071** | **$116,826** | | Average deposits ($M) | **164,754** | **163,575** | **167,196** | | Net charge-off ratio (b) | **1.09 %** | **0.45 %** | **0.48 %** | | Nonperforming asset ratio (c) | **0.65** | **0.72** | **0.62** | | Return on average assets | **1.21 %** | **1.20 %** | **1.06 %** | | Return on average common equity | **12.6** | **12.8** | **11.7** | | Return on average tangible common equity | **17.3** | **17.6** | **16.3** | | CET1 capital | **10.54** | **10.58** | **10.75** | | Net interest margin (a) | **3.13** | **3.12** | **2.90** | | Efficiency (a) | **54.9** | **56.2** | **58.2** | - Key Highlights: * **Stability:** **3% demand deposit growth** year-over-year; **interest-bearing liabilities costs** down for the fifth consecutive quarter; **Commercial NPAs improved 14%** from 2Q25; **Tangible book value per share grew 7%** year-over-year * **Profitability:** **Net interest margin expanded** for the 7th consecutive quarter, and **NII increased 7%** year-over-year; **Strong fee performance** driven by **28% growth in capital markets fees** and **9% growth in wealth and asset management revenue** from 2Q25; **Adjusted efficiency ratio of 54.1%**, an improvement of **180 bps** year-over-year * **Growth:** **6% loan growth** compared to 3Q24, accelerating to the **highest level in over two years**; **Consumer household growth of 3%**, including **7%** in the Southeast; **Assets under management of $77B**, up **12%** compared to 3Q24[1](index=1&type=chunk) [Financial Highlights](index=15&type=section&id=Financial%20Highlights) [Income Statement Data](index=15&type=section&id=Income%20Statement%20Data) Fifth Third Bancorp reported a **3%** sequential and **13%** year-over-year increase in net income for Q3 2025, reaching **$649 million**. Net income available to common shareholders also grew by **3%** sequentially and **14%** year-over-year to **$608 million**. Diluted EPS increased **3%** sequentially and **17%** year-over-year to **$0.91** | Income Statement Data ($M) | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :------------------------- | :------- | :------- | :------- | :--------- | :----------- | | Net interest income (GAAP) | **$1,520** | **$1,495** | **$1,421** | **2%** | **7%** | | Net interest income (FTE) | **1,525** | **1,500** | **1,427** | **2%** | **7%** | | Noninterest income | **781** | **750** | **711** | **4%** | **10%** | | Total revenue (FTE) | **2,306** | **2,250** | **2,138** | **2%** | **8%** | | Provision for credit losses | **197** | **173** | **160** | **14%** | **23%** | | Noninterest expense | **1,267** | **1,264** | **1,244** | — | **2%** | | Net income | **649** | **628** | **573** | **3%** | **13%** | | Net income available to common shareholders | **608** | **591** | **532** | **3%** | **14%** | | Diluted EPS | **$0.91** | **$0.88** | **$0.78** | **3%** | **17%** | [Common Share Data](index=15&type=section&id=Common%20Share%20Data) Cash dividends per common share increased **8%** sequentially and year-over-year to **$0.40**. Book value per share grew **3%** sequentially and **6%** year-over-year to **$29.26**, while market value per share increased **8%** sequentially and **4%** year-over-year to **$44.55**. Common shares outstanding decreased by **1%** sequentially and **2%** year-over-year | Common Share Data | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :---------------- | :------- | :------- | :------- | :--------- | :----------- | | Cash dividends per common share | **$0.40** | **$0.37** | **$0.37** | **8%** | **8%** | | Book value per share | **29.26** | **28.47** | **27.60** | **3%** | **6%** | | Market value per share | **44.55** | **41.13** | **42.84** | **8%** | **4%** | | Common shares outstanding (thousands) | **660,973** | **667,710** | **676,269** | **(1%)** | **(2%)** | | Market capitalization ($M) | **$29,446** | **$27,463** | **$28,971** | **7%** | **2%** | [Financial Ratios](index=15&type=section&id=Financial%20Ratios) Key financial ratios showed improvement, with Return on average assets increasing to **1.21%** and Return on average tangible common equity at **17.3%**. **Net interest margin (FTE)** expanded to **3.13%**, and the efficiency ratio (FTE) improved to **54.9%**, reflecting strong operational performance | Financial Ratios | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change (bps) | Yr/Yr Change (bps) | | :--------------- | :------- | :------- | :------- | :--------------- | :----------------- | | Return on average assets | **1.21%** | **1.20%** | **1.06%** | **1** | **15** | | Return on average common equity | **12.6%** | **12.8%** | **11.7%** | **(20)** | **90** | | Return on average tangible common equity | **17.3%** | **17.6%** | **16.3%** | **(30)** | **100** | | Net interest margin (FTE) | **3.13%** | **3.12%** | **2.90%** | **1** | **23** | | Efficiency (FTE) | **54.9%** | **56.2%** | **58.2%** | **(130)** | **(330)** | | Effective tax rate | **22.6%** | **22.2%** | **21.3%** | **40** | **130** | [Credit Quality](index=15&type=section&id=Credit%20Quality) Credit quality metrics showed a significant increase in net losses charged-off, up **144%** sequentially and **139%** year-over-year, primarily due to a specific **asset-backed finance commercial credit impairment**. The **net charge-off ratio** rose to **1.09%**. However, the nonperforming portfolio assets as a percent of portfolio loans and leases and OREO improved sequentially to **0.65%** | Credit Quality | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :------------- | :------- | :------- | :------- | :--------- | :----------- | | Net losses charged-off ($M) | **$339** | **$139** | **$142** | **144%** | **139%** | | Net losses charged-off as % of average portfolio loans and leases (annualized) | **1.09%** | **0.45%** | **0.48%** | **64 bps** | **61 bps** | | ALLL as % of portfolio loans and leases | **1.84%** | **1.97%** | **1.98%** | **(13) bps** | **(14) bps** | | ACL as % of portfolio loans and leases | **1.96%** | **2.09%** | **2.09%** | **(13) bps** | **(13) bps** | | Nonperforming portfolio assets as % of portfolio loans and leases and OREO | **0.65%** | **0.72%** | **0.62%** | **(7) bps** | **3 bps** | [Average Balances](index=15&type=section&id=Average%20Balances) Average loans and leases, including held for sale, remained stable sequentially and increased **6%** year-over-year to **$123,993 million**. Average total assets increased **1%** sequentially but decreased **1%** year-over-year. Transaction and core deposits remained stable sequentially but decreased **1%** year-over-year, while wholesale funding decreased **3%** sequentially and **7%** year-over-year | Average Balances ($M) | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :-------------------- | :------- | :------- | :------- | :--------- | :----------- | | Loans and leases, including held for sale | **$123,993** | **$123,657** | **$117,415** | — | **6%** | | Securities and other short-term investments | **69,507** | **69,025** | **78,421** | **1%** | **(11%)** | | Assets | **211,770** | **210,554** | **213,838** | **1%** | **(1%)** | | Transaction deposits | **151,669** | **150,881** | **153,154** | **1%** | **(1%)** | | Core deposits | **162,510** | **161,375** | **163,697** | **1%** | **(1%)** | | Wholesale funding | **21,821** | **22,423** | **23,415** | **(3%)** | **(7%)** | | Bancorp shareholders' equity | **21,216** | **20,670** | **20,251** | **3%** | **5%** | [Regulatory Capital Ratios](index=15&type=section&id=Regulatory%20Capital%20Ratios) Regulatory capital ratios showed slight sequential decreases but remained strong. The CET1 capital ratio was **10.54%**, Tier 1 risk-based capital was **11.60%**, and Total risk-based capital was **13.51%**. The Leverage ratio was **9.24%** | Regulatory Capital Ratios | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change (bps) | Yr/Yr Change (bps) | | :------------------------ | :------- | :------- | :------- | :--------------- | :----------------- | | CET1 capital | **10.54%** | **10.58%** | **10.75%** | **(4)** | **(21)** | | Tier 1 risk-based capital | **11.60%** | **11.85%** | **12.07%** | **(25)** | **(47)** | | Total risk-based capital | **13.51%** | **13.77%** | **14.13%** | **(26)** | **(62)** | | Leverage | **9.24%** | **9.42%** | **9.11%** | **(18)** | **13** | [Additional Metrics](index=15&type=section&id=Additional%20Metrics) Fifth Third Bancorp expanded its physical presence with **1,102** banking centers and **2,184** ATMs. Assets under management grew **5%** sequentially and **12%** year-over-year to **$77 billion**, while assets under care increased **4%** sequentially and **7%** year-over-year to **$681 billion** | Additional Metrics | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :----------------- | :------- | :------- | :------- | :--------- | :----------- | | Banking centers | **1,102** | **1,089** | **1,072** | **1%** | **3%** | | ATMs | **2,184** | **2,170** | **2,060** | **1%** | **6%** | | Full-time equivalent employees | **18,476** | **18,690** | **18,579** | **(1%)** | **(1%)** | | Assets under care ($B) | **$681** | **$657** | **$635** | **4%** | **7%** | | Assets under management ($B) | **77** | **73** | **69** | **5%** | **12%** | [Consolidated Statements of Income](index=16&type=section&id=Consolidated%20Statements%20of%20Income) [Net Interest Income (NII)](index=3&type=section&id=Net%20Interest%20Income%20(NII)) **Net interest income (FTE)** increased **2%** sequentially to **$1.525 billion**, primarily due to improved earning asset mix, fixed-rate asset repricing, and strategic management actions reducing **interest-bearing liabilities costs**. Year-over-year, **NII** increased **7%** and **Net Interest Margin (NIM)** expanded by **23 bps**, driven by similar factors | Net Interest Income (FTE; $M) | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :---------------------------- | :------- | :------- | :------- | :--------- | :----------- | | Interest Income | **$2,524** | **$2,489** | **$2,675** | **1%** | **(6%)** | | Interest Expense | **999** | **989** | **1,248** | **1%** | **(20%)** | | Net Interest Income (NII) | **$1,525** | **$1,500** | **$1,427** | **2%** | **7%** | | Average Yield/Rate Analysis | Sep 2025 | Jun 2025 | Sep 2024 | bps Change (Seq) | bps Change (Yr/Yr) | | :-------------------------- | :------- | :------- | :------- | :--------------- | :----------------- | | Yield on interest-earning assets | **5.18%** | **5.18%** | **5.43%** | — | **(25)** | | Rate paid on interest-bearing liabilities | **2.77%** | **2.78%** | **3.38%** | **(1)** | **(61)** | | Net interest rate spread | **2.41%** | **2.40%** | **2.05%** | **1** | **36** | | Net interest margin (NIM) | **3.13%** | **3.12%** | **2.90%** | **1** | **23** | - Sequential **NII** improvement primarily reflects improved earning asset mix, fixed-rate asset repricing, and strategic management actions decreasing the cost of **interest-bearing liabilities**[7](index=7&type=chunk) - Year-over-year **NII** increase was due to proactive deposit and wholesale funding management, decreasing **interest-bearing liabilities costs** by **61 bps**, improved earning asset mix, and fixed-rate asset repricing[8](index=8&type=chunk) [Noninterest Income](index=4&type=section&id=Noninterest%20Income) Total **noninterest income** increased **4%** sequentially to **$781 million** and **10%** year-over-year. Excluding certain items, **noninterest income** grew **7%** sequentially and **5%** year-over-year. This growth was primarily driven by a strong rebound in **capital markets fees** (up **28%** sequentially) and increases in **wealth and asset management revenue** (up **9%** sequentially and **11%** year-over-year) | Noninterest Income ($M) | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :---------------------- | :------- | :------- | :------- | :--------- | :----------- | | Wealth and asset management revenue | **$181** | **$166** | **$163** | **9%** | **11%** | | Commercial payments revenue | **157** | **152** | **154** | **3%** | **2%** | | Consumer banking revenue | **144** | **147** | **143** | **(2%)** | **1%** | | Capital markets fees | **115** | **90** | **111** | **28%** | **4%** | | Commercial banking revenue | **87** | **79** | **93** | **10%** | **(6%)** | | Mortgage banking net revenue | **58** | **56** | **50** | **4%** | **16%** | | Other noninterest income (loss) | **29** | **44** | **(13)** | **(34%)** | NM | | Securities gains, net | **10** | **16** | **10** | **(38%)** | — | | Total noninterest income | **$781** | **$750** | **$711** | **4%** | **10%** | | Noninterest Income excluding certain items ($M) | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :---------------------------------------------- | :------- | :------- | :------- | :--------- | :----------- | | Noninterest income (U.S. GAAP) | **$781** | **$750** | **$711** | | | | Interchange litigation matters | **18** | **1** | **47** | | | | Securities (gains) losses, net | **(10)** | **(16)** | **(10)** | | | | Noninterest income excluding certain items (a) | **$789** | **$735** | **$748** | **7%** | **5%** | - Sequential growth in **wealth and asset management revenue** was driven by personal asset management and brokerage fees. **Capital markets fees** saw a **strong rebound** from **loan syndications and M&A advisory revenue**[11](index=11&type=chunk) - Year-over-year, **wealth and asset management revenue** increased due to **12% AUM growth**. Mortgage banking net revenue increased **16%** due to the non-recurrence of **MSR net valuation adjustments** from the prior year[12](index=12&type=chunk) [Noninterest Expense](index=5&type=section&id=Noninterest%20Expense) Total noninterest expense remained stable sequentially at **$1.267 billion** and increased **2%** year-over-year. Excluding certain items and **non-qualified deferred compensation**, noninterest expense increased **2%** sequentially due to higher equipment and occupancy costs, partially offset by lower marketing expense. Year-over-year, it increased **3%** primarily from equipment, occupancy, marketing, and technology expenses | Noninterest Expense ($M) | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :----------------------- | :------- | :------- | :------- | :--------- | :----------- | | Compensation and benefits | **$685** | **$698** | **$690** | **(2%)** | **(1%)** | | Technology and communications | **128** | **126** | **121** | **2%** | **6%** | | Net occupancy expense | **89** | **83** | **81** | **7%** | **10%** | | Equipment expense | **44** | **41** | **38** | **7%** | **16%** | | Loan and lease expense | **39** | **36** | **34** | **8%** | **15%** | | Marketing expense | **34** | **43** | **26** | **(21%)** | **31%** | | Card and processing expense | **22** | **22** | **22** | — | — | | Other noninterest expense | **226** | **215** | **232** | **5%** | **(3%)** | | Total noninterest expense | **$1,267** | **$1,264** | **$1,244** | — | **2%** | | Noninterest Expense excluding certain item(s) ($M) | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :------------------------------------------------- | :------- | :------- | :------- | :--------- | :----------- | | Noninterest expense (U.S. GAAP) | **$1,267** | **$1,264** | **$1,244** | | | | Interchange litigation matters | **(9)** | — | **(10)** | | | | Severance expense | — | **(15)** | **(9)** | | | | FDIC special assessment | **6** | — | — | | | | Noninterest expense excluding certain item(s) (a) | **$1,264** | **$1,249** | **$1,225** | **1%** | **3%** | | Non-qualified deferred compensation (expense)/benefit | **(11)** | **(16)** | **(10)** | | | | Noninterest expense excluding certain item(s) and non-qualified (a) deferred compensation | **$1,253** | **$1,233** | **$1,215** | **2%** | **3%** | - Expenses related to the mark-to-market impact of **non-qualified deferred compensation** were largely offset in net securities gains/losses through **noninterest income**[16](index=16&type=chunk) [Consolidated Balance Sheets](index=18&type=section&id=Consolidated%20Balance%20Sheets) [Average Interest-Earning Assets](index=6&type=section&id=Average%20Interest-Earning%20Assets) Total average portfolio loans and leases remained stable sequentially at **$123 billion**, increasing **6%** year-over-year. Commercial loans decreased **1%** sequentially due to declines in commercial mortgage and construction loans, while consumer loans increased **2%** sequentially, driven by indirect secured consumer and home equity loans | Average Portfolio Loans and Leases ($M) | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :------------------------------------ | :------- | :------- | :------- | :--------- | :----------- | | Commercial and industrial loans | **$54,170** | **$54,075** | **$51,615** | — | **5%** | | Commercial mortgage loans | **12,027** | **12,410** | **11,488** | **(3%)** | **5%** | | Commercial construction loans | **5,541** | **5,810** | **5,981** | **(5%)** | **(7%)** | | Commercial leases | **3,177** | **3,120** | **2,685** | **2%** | **18%** | | Total commercial loans and leases | **$74,915** | **$75,415** | **$71,769** | **(1%)** | **4%** | | Residential mortgage loans | **$17,656** | **$17,615** | **$17,031** | — | **4%** | | Home equity | **4,579** | **4,383** | **4,018** | **4%** | **14%** | | Indirect secured consumer loans | **17,729** | **17,248** | **15,680** | **3%** | **13%** | | Credit card | **1,678** | **1,659** | **1,708** | **1%** | **(2%)** | | Solar energy installation loans | **4,355** | **4,268** | **3,990** | **2%** | **9%** | | Other consumer loans | **2,414** | **2,483** | **2,630** | **(3%)** | **(8%)** | | Total consumer loans | **$48,411** | **$47,656** | **$45,057** | **2%** | **7%** | | Total average portfolio loans and leases | **$123,326** | **$123,071** | **$116,826** | — | **6%** | - Average securities decreased **3%** sequentially and **4%** year-over-year. Average other short-term investments increased **17%** sequentially but decreased **31%** year-over-year[19](index=19&type=chunk) [End of Period Interest-Earning Assets](index=7&type=section&id=End%20of%20Period%20Interest-Earning%20Assets) Period-end total portfolio loans and leases increased **1%** sequentially and **6%** year-over-year to **$123.1 billion**. Commercial portfolio loans remained stable sequentially but grew **5%** year-over-year, primarily from C&I loans. Consumer portfolio loans increased **1%** sequentially and **7%** year-over-year, driven by indirect secured consumer, home equity, and residential mortgage loans | End of Period Portfolio Loans and Leases ($M) | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :-------------------------------------------- | :------- | :------- | :------- | :--------- | :----------- | | Total commercial loans and leases | **$74,423** | **$74,152** | **$71,130** | — | **5%** | | Total consumer loans | **48,707** | **48,244** | **45,538** | **1%** | **7%** | | Total portfolio loans and leases | **$123,130** | **$122,396** | **$116,668** | **1%** | **6%** | - Period-end securities decreased **4%** sequentially and **7%** year-over-year. Other short-term investments increased **32%** sequentially but decreased **21%** year-over-year[22](index=22&type=chunk) [Average Deposits](index=7&type=section&id=Average%20Deposits) Total average deposits increased **1%** sequentially to **$165 billion**, driven by growth in money market and demand deposits, partially offset by declines in savings and interest checking. Demand deposits showed growth for the second consecutive quarter, reflecting a strategic focus on deposit mix. Year-over-year, total average deposits decreased **1%** | Average Deposits ($M) | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :-------------------- | :------- | :------- | :------- | :--------- | :----------- | | Demand | **$41,235** | **$40,885** | **$40,020** | **1%** | **3%** | | Interest checking | **56,624** | **56,738** | **58,605** | — | **(3%)** | | Savings | **16,376** | **16,962** | **17,272** | **(3%)** | **(5%)** | | Money market | **37,434** | **36,296** | **37,257** | **3%** | — | | Total transaction deposits | **$151,669** | **$150,881** | **$153,154** | **1%** | **(1%)** | | CDs $250,000 or less | **10,841** | **10,494** | **10,543** | **3%** | **3%** | | Total core deposits | **$162,510** | **$161,375** | **$163,697** | **1%** | **(1%)** | | CDs over $250,000 | **2,244** | **2,200** | **3,499** | **2%** | **(36%)** | | Total average deposits | **$164,754** | **$163,575** | **$167,196** | **1%** | **(1%)** | - The period-end portfolio loan-to-core deposit ratio was **75%** in the current quarter, compared to **76%** in the prior quarter and **71%** in the year-ago quarter[24](index=24&type=chunk) [Average Wholesale Funding](index=8&type=section&id=Average%20Wholesale%20Funding) Average wholesale funding decreased **3%** sequentially to **$22 billion**, primarily due to reductions in long-term debt and FHLB advances. Year-over-year, it decreased **7%**, mainly from lower long-term debt and CDs over **$250,000**, including brokered deposits | Average Wholesale Funding ($M) | Sep 2025 | Jun 2025 | Sep 2024 | Seq Change | Yr/Yr Change | | :----------------------------- | :------- | :------- | :------- | :--------- | :----------- | | CDs over $250,000 | **$2,244** | **$2,200** | **$3,499** | **2%** | **(36%)** | | Federal funds purchased | **198** | **206** | **176** | **(4%)** | **13%** | | Securities sold under repurchase agreements | **376** | **353** | **396** | **7%** | **(5%)** | | FHLB advances | **4,920** | **4,976** | **2,576** | **(1%)** | **91%** | | Derivative collateral and other secured borrowings | **82** | **89** | **52** | **(8%)** | **58%** | | Long-term debt | **14,001** | **14,599** | **16,716** | **(4%)** | **(16%)** | | Total average wholesale funding | **$21,821** | **$22,423** | **$23,415** | **(3%)** | **(7%)** | [Consolidated Statements of Changes in Equity](index=20&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Equity) [Equity Changes](index=20&type=section&id=Equity%20Changes) Total equity at the end of Q3 2025 was **$21,107 million**, a slight decrease from the prior quarter but an increase from the year-ago quarter. Comprehensive income for the quarter was **$919 million**, driven by net income and changes in unrealized gains on available-for-sale debt securities and cash flow hedges. The company also repurchased **$303 million** in shares and redeemed **$350 million** of preferred stock | Equity Changes ($M) | Sep 2025 | Sep 2024 | Yr to Date Sep 2025 | Yr to Date Sep 2024 | | :------------------ | :------- | :------- | :------------------ | :------------------ | | Total Equity, Beginning | **$21,124** | **$19,226** | **$19,645** | **$19,172** | | Net income | **649** | **573** | **1,791** | **1,694** | | Comprehensive income | **919** | **2,028** | **3,151** | **2,735** | | Cash dividends declared: Common stock | **(269)** | **(254)** | **(770)** | **(740)** | | Cash dividends declared: Preferred stock | **(37)** | **(41)** | **(110)** | **(121)** | | Shares acquired for treasury | **(303)** | **(202)** | **(529)** | **(327)** | | Redemption of preferred stock | **(350)** | — | **(350)** | — | | Total Equity, Ending | **$21,107** | **$20,784** | **$21,107** | **$20,784** | - Changes in unrealized gains on available-for-sale debt securities contributed **$230 million** to other comprehensive income in Q3 2025[53](index=53&type=chunk) [Average Balance Sheets and Yield/Rate Analysis](index=21&type=section&id=Average%20Balance%20Sheets%20and%20Yield%2FRate%20Analysis) [Average Interest-Earning Assets and Yields](index=21&type=section&id=Average%20Interest-Earning%20Assets%20and%20Yields) Average interest-earning assets remained stable sequentially at **$193.5 billion**, with an average yield of **5.18%**. Total loans and leases had an average yield of **6.12%**, stable sequentially but down from **6.48%** year-over-year. Commercial loans and leases yield decreased **4 bps** sequentially and **69 bps** year-over-year, while consumer loans yield increased **9 bps** sequentially and **15 bps** year-over-year | Average Interest-Earning Assets ($M) | Sep 2025 Balance | Sep 2025 Yield/Rate | Jun 2025 Balance | Jun 2025 Yield/Rate | Sep 2024 Balance | Sep 2024 Yield/Rate | | :----------------------------------- | :--------------- | :------------------ | :--------------- | :------------------ | :--------------- | :------------------ | | Total commercial loans and leases | **74,957** | **6.22%** | **75,460** | **6.26%** | **71,786** | **6.91%** | | Total consumer loans | **49,036** | **5.96%** | **48,197** | **5.87%** | **45,629** | **5.81%** | | Total loans and leases | **123,993** | **6.12%** | **123,657** | **6.11%** | **117,415** | **6.48%** | | Securities | **54,592** | **3.25%** | **56,243** | **3.29%** | **56,707** | **3.25%** | | Other short-term investments | **14,915** | **4.43%** | **12,782** | **4.56%** | **21,714** | **5.47%** | | Total interest-earning assets | **193,500** | **5.18%** | **192,682** | **5.18%** | **195,836** | **5.43%** | [Average Interest-Bearing Liabilities and Rates](index=21&type=section&id=Average%20Interest-Bearing%20Liabilities%20and%20Rates) Average interest-bearing liabilities remained stable sequentially at **$143.1 billion**, with an average rate of **2.77%**, a **1 bp** sequential decrease and a **61 bps** year-over-year decrease. This reduction was primarily driven by lower rates on interest checking, savings, and money market deposits, as well as CDs over **$250,000** and long-term debt | Average Interest-Bearing Liabilities ($M) | Sep 2025 Balance | Sep 2025 Yield/Rate | Jun 2025 Balance | Jun 2025 Yield/Rate | Sep 2024 Balance | Sep 2024 Yield/Rate | | :---------------------------------------- | :--------------- | :------------------ | :--------------- | :------------------ | :--------------- | :------------------ | | Interest checking deposits | **$56,624** | **2.72%** | **$56,738** | **2.69%** | **$58,605** | **3.38%** | | Savings deposits | **16,376** | **0.46%** | **16,962** | **0.48%** | **17,272** | **0.71%** | | Money market deposits | **37,434** | **2.40%** | **36,296** | **2.40%** | **37,257** | **3.06%** | | CDs $250,000 or less | **10,841** | **3.46%** | **10,494** | **3.52%** | **10,543** | **4.07%** | | Total interest-bearing core deposits | **121,275** | **2.38%** | **120,490** | **2.36%** | **123,677** | **2.97%** | | CDs over $250,000 | **2,244** | **4.00%** | **2,200** | **4.07%** | **3,499** | **5.08%** | | Total interest-bearing deposits | **123,519** | **2.41%** | **122,690** | **2.39%** | **127,176** | **3.03%** | | Federal funds purchased | **198** | **4.35%** | **206** | **4.39%** | **176** | **5.34%** | | FHLB advances | **4,920** | **4.51%** | **4,976** | **4.59%** | **2,576** | **5.59%** | | Long-term debt | **14,001** | **5.31%** | **14,599** | **5.36%** | **16,716** | **5.65%** | | Total interest-bearing liabilities | **143,096** | **2.77%** | **142,913** | **2.78%** | **147,092** | **3.38%** | | Ratios (FTE) | Sep 2025 | Jun 2025 | Sep 2024 | | :----------- | :------- | :------- | :------- | | Net interest margin | **3.13%** | **3.12%** | **2.90%** | | Net interest rate spread | **2.41%** | **2.40%** | **2.05%** | | Interest-bearing liabilities to interest-earning assets | **73.95%** | **74.17%** | **75.11%** | [Summary of Loans and Leases](index=23&type=section&id=Summary%20of%20Loans%20and%20Leases) [Average Portfolio Loans and Leases](index=23&type=section&id=Average%20Portfolio%20Loans%20and%20Leases) Average portfolio loans and leases remained stable sequentially at **$123.3 billion**, showing a **6%** increase year-over-year. Commercial loans and leases decreased **1%** sequentially but grew **4%** year-over-year, while consumer loans increased **2%** sequentially and **7%** year-over-year, driven by indirect secured consumer and home equity loans | Average Portfolio Loans and Leases ($M) | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :------------------------------------ | :------- | :------- | :------- | :------- | :------- | | Total commercial loans and leases | **74,915** | **75,415** | **74,676** | **71,963** | **71,769** | | Total consumer loans | **48,411** | **47,656** | **46,596** | **45,897** | **45,057** | | Total average portfolio loans and leases | **$123,326** | **$123,071** | **$121,272** | **$117,860** | **$116,826** | [End of Period Portfolio Loans and Leases](index=23&type=section&id=End%20of%20Period%20Portfolio%20Loans%20and%20Leases) End of period portfolio loans and leases increased **1%** sequentially and **6%** year-over-year to **$123.1 billion**. Commercial loans and leases remained stable sequentially but increased **5%** year-over-year, while consumer loans increased **1%** sequentially and **7%** year-over-year | End of Period Portfolio Loans and Leases ($M) | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :-------------------------------------------- | :------- | :------- | :------- | :------- | :------- | | Total commercial loans and leases | **74,423** | **74,152** | **75,137** | **73,293** | **71,130** | | Total consumer loans | **48,707** | **48,244** | **47,054** | **46,498** | **45,538** | | Total portfolio loans and leases | **$123,130** | **$122,396** | **$122,191** | **$119,791** | **$116,668** | [Loans and Leases Serviced for Others](index=23&type=section&id=Loans%20and%20Leases%20Serviced%20for%20Others) Total loans and leases serviced for others decreased to **$93.3 billion** in Q3 2025, a **1.5%** sequential decrease and a **6.2%** year-over-year decrease, primarily driven by a reduction in residential mortgage loans serviced for others | Loans and Leases Serviced for Others ($M) | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :---------------------------------------- | :------- | :------- | :------- | :------- | :------- | | Residential mortgage loans | **89,639** | **91,201** | **92,769** | **94,225** | **95,808** | | Total loans and leases serviced for others | **93,261** | **94,720** | **96,285** | **97,660** | **99,352** | [Regulatory Capital](index=24&type=section&id=Regulatory%20Capital) [Regulatory Capital Ratios](index=11&type=section&id=Regulatory%20Capital%20Ratios) Fifth Third Bancorp's CET1 capital ratio decreased **4 bps** sequentially to **10.54%**, primarily due to **risk-weighted asset growth** and **capital returns to shareholders**, including **$300 million** in **share repurchases** and an **8%** increase in **common dividends**. The company also redeemed all outstanding **Series L Preferred Stock** | Regulatory Capital Ratios | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :------------------------ | :------- | :------- | :------- | :------- | :------- | | CET1 capital | **10.54%** | **10.58%** | **10.43%** | **10.57%** | **10.75%** | | Tier 1 risk-based capital | **11.60%** | **11.85%** | **11.71%** | **11.86%** | **12.07%** | | Total risk-based capital | **13.51%** | **13.77%** | **13.63%** | **13.86%** | **14.13%** | | Leverage | **9.24%** | **9.42%** | **9.23%** | **9.22%** | **9.11%** | - During Q3 2025, Fifth Third repurchased **$300 million** of its common stock and increased its quarterly cash common dividend by **$0.03**, or **8%**, to **$0.40 per share**[31](index=31&type=chunk) - On September 30, 2025, Fifth Third redeemed all of its outstanding **4.50% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L**[31](index=31&type=chunk) [Summary of Credit Loss Experience](index=25&type=section&id=Summary%20of%20Credit%20Loss%20Experience) [Provision for Credit Losses and ACL](index=9&type=section&id=Provision%20for%20Credit%20Losses%20and%20ACL) The provision for credit losses totaled **$197 million** in Q3 2025. The **Allowance for Credit Losses (ACL) ratio** decreased **13 bps** sequentially and year-over-year to **1.96%** of total portfolio loans and leases. However, the **ACL coverage ratio** increased to **314%** of nonperforming portfolio loans and leases and **302%** of nonperforming portfolio assets | Credit Loss Metrics ($M) | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :----------------------- | :------- | :------- | :------- | :------- | :------- | | Provision for loan and lease losses | **192** | **167** | **168** | **183** | **159** | | Provision for (benefit from) the reserve for unfunded commitments | **5** | **6** | **6** | **(4)** | **1** | | Total provision for credit losses | **$197** | **$173** | **$174** | **$179** | **$160** | | ALLL, ending | **$2,265** | **$2,412** | **$2,384** | **$2,352** | **$2,305** | | Reserve for unfunded commitments, ending | **$151** | **$146** | **$140** | **$134** | **$138** | | Total allowance for credit losses (ACL) | **$2,416** | **$2,558** | **$2,524** | **$2,486** | **$2,443** | | ACL Ratios | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :--------- | :------- | :------- | :------- | :------- | :------- | | As a % of portfolio loans and leases | **1.96%** | **2.09%** | **2.07%** | **2.08%** | **2.09%** | | As a % of nonperforming portfolio loans and leases | **314%** | **300%** | **261%** | **302%** | **356%** | | As a % of nonperforming portfolio assets | **302%** | **289%** | **253%** | **291%** | **337%** | [Net Charge-Offs (NCOs)](index=9&type=section&id=Net%20Charge-Offs%20(NCOs)) **Net charge-offs** totaled **$339 million** in Q3 2025, a significant increase of **$200 million** from the prior quarter, primarily due to a **$178 million** impairment related to an **asset-backed finance commercial credit**. The **net charge-off ratio** increased **64 bps** sequentially to **1.09%**. **Commercial NCO ratio** rose to **1.46%**, while **consumer NCO ratio** decreased **4 bps** sequentially to **0.52%** | Net Losses Charged-Off ($M) | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :-------------------------- | :------- | :------- | :------- | :------- | :------- | | Total losses charged-off | **$(382)** | **$(194)** | **$(173)** | **$(175)** | **$(183)** | | Total recoveries of losses previously charged-off | **43** | **55** | **37** | **39** | **41** | | Total net losses charged-off | **$(339)** | **$(139)** | **$(136)** | **$(136)** | **$(142)** | | Net Charge-Off Ratios | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :-------------------- | :------- | :------- | :------- | :------- | :------- | | Net charge-off ratio (b) | **1.09%** | **0.45%** | **0.46%** | **0.46%** | **0.48%** | | Commercial NCO ratio | **1.46%** | **0.38%** | **0.35%** | **0.32%** | **0.40%** | | Consumer NCO ratio | **0.52%** | **0.56%** | **0.63%** | **0.68%** | **0.62%** | - The significant increase in **net charge-offs** in Q3 2025 included **$178 million** related to the impairment of an **asset-backed finance commercial credit**[27](index=27&type=chunk) [Asset Quality](index=26&type=section&id=Asset%20Quality) [Nonperforming Assets and Delinquent Loans](index=9&type=section&id=Nonperforming%20Assets%20and%20Delinquent%20Loans) Total **nonperforming portfolio loans and leases (NPLs)** decreased sequentially to **$768 million**, resulting in an **NPL ratio** of **0.62%**. Total **nonperforming portfolio assets (NPAs)** also decreased sequentially to **$801 million**, with an **NPA ratio** of **0.65%**. Both **NPL** and **NPA ratios** improved compared to the prior quarter but were slightly higher than the year-ago quarter | Nonperforming Assets ($M) | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :------------------------ | :------- | :------- | :------- | :------- | :------- | | Total nonaccrual portfolio loans and leases (NPLs) | **$768** | **$853** | **$966** | **$823** | **$686** | | Repossessed property | **12** | **8** | **9** | **9** | **11** | | OREO | **21** | **25** | **21** | **21** | **28** | | Total nonperforming portfolio loans and leases and OREO (NPAs) | **$801** | **$886** | **$996** | **$853** | **$725** | | Nonaccrual loans held for sale | **4** | **27** | **21** | **7** | **8** | | Total nonperforming assets | **$805** | **$913** | **$1,017** | **$860** | **$733** | | Nonperforming Ratios | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :------------------- | :------- | :------- | :------- | :------- | :------- | | NPL ratio | **0.62%** | **0.70%** | **0.79%** | **0.69%** | **0.59%** | | NPA ratio | **0.65%** | **0.72%** | **0.81%** | **0.71%** | **0.62%** | | Delinquent Loans (90 days past due, accrual; $M) | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :----------------------------------------------- | :------- | :------- | :------- | :------- | :------- | | Total commercial loans and leases | **$2** | **$8** | **$8** | **$6** | **$14** | | Total consumer loans | **27** | **26** | **25** | **26** | **26** | | Total loans and leases 90 days past due (accrual) | **$29** | **$34** | **$33** | **$32** | **$40** | [Non-GAAP Reconciliation](index=27&type=section&id=Non-GAAP%20Reconciliation) [Purpose of Non-GAAP Measures](index=36&type=section&id=Purpose%20of%20Non-GAAP%20Measures) Management uses various non-GAAP financial measures, such as FTE adjustments for **tax-favored income**, **tangible equity measures** to exclude intangible items, and **adjusted metrics** to remove significant or unusual transactions. These measures provide useful information for evaluating operating performance, capital utilization, and comparability with industry peers, complementing GAAP measures without replacing them - Non-GAAP measures like '**net interest income (FTE)**' and '**net interest margin (FTE)**' adjust for the **tax-favored status** of certain income, providing a relevant comparison between taxable and non-taxable amounts[67](index=67&type=chunk) - **Tangible equity measures** (e.g., '**tangible book value per share**', '**return on average tangible common equity**') are used to evaluate performance without the impact of intangible items, enhancing comparability with other companies[68](index=68&type=chunk) - **Adjusted noninterest income, noninterest expense, and pre-provision net revenue (PPNR) metrics** are used to remove the effects of significant, unusual, or large transactions not indicative of ongoing financial performance, improving period-to-period comparability[69](index=69&type=chunk)[70](index=70&type=chunk) - Management also considers **tangible common equity ratios** (including and excluding AOCI) to assess capital utilization and adequacy, complementing regulatory capital ratios[71](index=71&type=chunk) [Non-GAAP Reconciliations](index=37&type=section&id=Non-GAAP%20Reconciliations) The report provides detailed reconciliations for various non-GAAP measures, including **net interest income (FTE)**, tangible net income, tangible common equity, adjusted noninterest income, adjusted noninterest expense, and adjusted pre-provision net revenue. These reconciliations illustrate the adjustments made for items such as taxable equivalent adjustments, intangible amortization, interchange litigation matters, severance, and FDIC special assessments | Non-GAAP Reconciliation (Selected Items; $M) | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | | :------------------------------------------- | :------- | :------- | :------- | :------- | :------- | | Net interest income (GAAP) | **$1,520** | **$1,495** | **$1,437** | **$1,437** | **$1,421** | | Add: Taxable equivalent adjustment | **5** | **5** | **5** | **6** | **6** | | Net interest income (FTE) | **1,525** | **1,500** | **1,442** | **1,443** | **1,427** | | Net income available to common shareholders | **608** | **591** | **478** | **582** | **532** | | Add: Intangible amortization, net of tax | **5** | **5** | **6** | **7** | **7** | | Tangible net income available to common shareholders | **613** | **596** | **484** | **589** | **539** | | Total Bancorp shareholders' equity | **21,107** | **21,124** | **20,403** | **19,645** | **20,784** | | Less: Preferred stock | **(1,770)** | **(2,116)** | **(2,116)** | **(2,116)** | **(2,116)** | | Goodwill | **(4,947)** | **(4,918)** | **(4,918)** | **(4,918)** | **(4,918)** | | Intangible assets | **(76)** | **(75)** | **(82)** | **(90)** | **(98)** | | Tangible common equity, including AOCI | **14,314** | **14,015** | **13,287** | **12,521** | **13,652** | | Non-GAAP Reconciliation (Adjustments; $M) | Sep 2025 | Jun 2025 | Sep 2024 | | :---------------------------------------- | :------- | :------- | :------- | | Net income (GAAP) | **$649** | **$628** | **$573** | | Adjustments (pre-tax items): | | | | | Interchange litigation matters | **27** | **1** | **57** | | Severance expense | — | **15** | **9** | | Non-qualified deferred compensation expense/(benefit) | **11** | **16** | **10** | | Securities (gains)/losses | **(10)** | **(16)** | **(10)** | | FDIC special assessment | **(6)** | — | — | | Adjustments, after-tax | **16** | **12** | **51** | | Adjusted net income | **665** | **640** | **624** | | Efficiency ratio (FTE) | **54.9%** | **56.2%** | **58.2%** | | Adjusted efficiency ratio | **54.1%** | **55.2%** | **55.9%** | [Segment Presentation](index=30&type=section&id=Segment%20Presentation) [Performance by Segment (Q3 2025)](index=30&type=section&id=Performance%20by%20Segment%20(Q3%202025)) In Q3 2025, **Consumer and Small Business Banking** was the largest contributor to **Net Interest Income (FTE)** at **$1,082 million**, followed by **Commercial Banking** at **$594 million**. **Commercial Banking** reported the highest **noninterest income** at **$357 million**. **Income before income taxes (FTE)** was strongest in **Consumer and Small Business Banking** (**$665 million**) and **Commercial Banking** (**$251 million**), while **General Corporate and Other** reported a loss | Segment Performance (Q3 2025; $M) | Commercial Banking | Consumer and Small Business Banking | Wealth and Asset Management | General Corporate and Other | Total | | :-------------------------------- | :----------------- | :---------------------------------- | :-------------------------- | :-------------------------- | :---- | | Net interest income (FTE) | **$594** | **$1,082** | **$55** | **$(206)** | **$1,525** | | Provision for credit losses | **(246)** | **(73)** | — | **122** | **(197)** | | Noninterest income | **357** | **309** | **109** | **6** | **781** | | Noninterest expense | **(454)** | **(653)** | **(93)** | **(67)** | **(1,267)** | | Income (loss) before income taxes (FTE) | **$251** | **$665** | **$71** | **$(145)** | **$842** | - During Q1 2025, the Bancorp **realigned its reporting structure**, moving certain business banking customer relationships and personnel from **Commercial Banking** to **Consumer and Small Business Banking**, with prior periods adjusted for comparability[77](index=77&type=chunk)

Core Insights - Fifth Third Bancorp reported a year-over-year growth of 3% in demand deposits, indicating stability in its deposit base [1] - The company experienced a 14% improvement in commercial non-performing assets (NPAs) compared to the previous quarter [1] - Tangible book value per share increased by 7% year-over-year, reflecting positive growth in shareholder equity [1] - The net interest margin was highlighted as a key profitability metric, although specific figures were not provided in the excerpt [1]

Market Overview - The U.S. stock market is expected to open lower on October 17, 2025, with premarket trading indicating a continuation of the downward trend from the previous day [1] - Investor sentiment is cautious due to concerns over regional banks, U.S.-China trade tensions, and an ongoing government shutdown [1] Premarket Activity and Futures Movements - S&P 500 futures are down between 0.2% and 1.5%, Nasdaq 100 futures have fallen by approximately 0.2% to 1.4%, and Dow Jones Industrial Average futures are down around 0.1% to 1.2% [2] - The Cboe Volatility Index (VIX) has reached its highest level since April, indicating increased market anxiety [2] Major Market Indexes: A Look Back - On October 16, the S&P 500 declined by 0.6% to 6,629.07 points, the Nasdaq Composite fell 0.5% to 22,562.54 points, and the Dow Jones Industrial Average retreated 0.7% to 45,952.24 points [3] - The decline was largely driven by a sell-off in regional bank shares, overshadowing positive corporate earnings in the tech sector [3] Regional Banking Sector Under Scrutiny - Concerns about regional banks resurfaced, with Zions Bancorporation's shares dropping over 13% due to a $50 million charge-off related to misrepresentations on commercial loans [4] - Western Alliance Bancorporation's stock fell nearly 10% after initiating legal action against a borrower over alleged fraud [4] - The KBW Regional Banking index plummeted approximately 6% in response to these developments [4] Economic Data Announcements - The U.S. Bureau of Labor Statistics is set to release the Import and Export Price Indexes for September 2025, followed by Industrial Production figures expected to show 0.1% growth [6] - Retail Inventories Ex Auto for September are projected to increase by 0.3%, providing insights into manufacturing activity and consumer demand [6] Federal Reserve Outlook - Federal Reserve discussions indicate a cautious approach to interest rates, with potential quarter-point cuts being considered [7] - Governor Stephen Miran has suggested a more substantial half-point cut due to increased economic risks from U.S.-China trade tensions [7] Key Earnings Reports Today - Significant companies releasing third-quarter earnings include American Express, Truist Financial, State Street, and others, which will be closely monitored for insights into corporate profitability [9] Major Stock News and Developments - The technology sector showed some resilience, with Nvidia shares gaining 1.1% following positive results from Taiwan Semiconductor Manufacturing Co. [13] - J.B. Hunt Transport Services saw shares jump over 20% after reporting strong quarterly results [13] - Salesforce gained 4% after announcing a strategic plan for over 10% compounded annual revenue growth [13] - Conversely, Hewlett Packard Enterprise fell 10.1% after presenting long-term financial targets that were deemed underwhelming by analysts [13]

Fifth Third Bancorp (NASDAQ:FITB) will release earnings results for the third quarter, before the opening bell on Friday, Oct. 17.Analysts expect the Cincinnati, Ohio-based company to report quarterly earnings at 86 cents per share, up from 78 cents per share in the year-ago period. The consensus estimate for Fifth Third Bancorp’s quarterly revenue is $2.29 billion, compared to $2.14 billion a year earlier, according to data from Benzinga Pro.On Oct. 6, Fifth Third Bancorp agreed to merge with Comerica Inco ...

Fifth Third Bancorp (NASDAQ:FITB) will release earnings results for the third quarter, before the opening bell on Friday, Oct. 17.Analysts expect the Cincinnati, Ohio-based company to report quarterly earnings at 86 cents per share, up from 78 cents per share in the year-ago period. The consensus estimate for Fifth Third Bancorp’s quarterly revenue is $2.29 billion, compared to $2.14 billion a year earlier, according to data from Benzinga Pro.On Oct. 6, Fifth Third Bancorp agreed to merge with Comerica Inco ...

Core Insights - Regional bank stocks experienced significant declines following Zions Bancorporation's announcement of a $50 million charge-off for bad loans, raising concerns about loan quality in the sector [1][3][8] - The broader U.S. equity markets closed lower amid ongoing U.S.-China trade tensions and the release of various earnings reports, with the Nasdaq down 0.5%, S&P 500 down 0.6%, and Dow down 0.7% [2] Regional Banks - Fifth Third Bancorp and Regions Financial were among the largest decliners in the S&P 500, each dropping nearly 6% after Zions Bancorporation's warning about charge-offs [3][8] - Western Alliance's shares fell approximately 11% due to issues with a fraudulent borrower, contributing to the negative sentiment in the regional banking sector [3][8] Data Storage and Memory Chip Sector - Companies in the data storage and memory chip sectors saw gains, driven by analyst upgrades and strong demand linked to AI growth [2][8] - Micron Technology's shares rose nearly 6% following price-target increases from Citi and UBS, citing expected benefits from supply shortages amid rising AI demand [9] - Western Digital and Seagate Technology also experienced stock price increases of about 5% and 3%, respectively, due to raised targets from Wedbush, indicating a tight supply outlook for data storage [9] Cybersecurity Sector - F5, a cybersecurity firm, saw its shares plummet nearly 11% after disclosing it was targeted by a significant cyberattack attributed to a nation-state actor [5] Logistics Sector - J.B. Hunt Transport Services' shares surged 22% after exceeding third-quarter sales and profit estimates, driven by improvements in efficiency and network balance in its intermodal business [6] Legal Issues - Kenvue's shares fell about 13% following a lawsuit in the UK alleging that its baby powder caused cancer, which echoes similar claims against its former parent company, Johnson & Johnson [4]

Key insight: Regional bank stocks were punished in the markets on Thursday as investors got skittish over credit quality.Supporting data: The KBW Nasdaq Regional Banking Index fell some 7% by the late afternoon.What's at stake: Regional banks have been on the path of recovery after turbulence throughout 2022 and 2023.Regional bank stocks were pummeled on Thursday due to credit quality concerns spurred by several regional lenders' latest disclosures about alleged borrower fraud. The KBW Nasdaq Regional Bank ...

(Bloomberg) -- Shares of two regional US banks tumbled Thursday after the companies said they were the victims of fraud on loans to funds that invest in distressed commercial mortgages, fueling concern that more cracks are emerging in the credit markets.Zions Bancorp sank 12% after it disclosed a $50 million charge-off for a loan underwritten by its wholly-owned subsidiary, California Bank & Trust, in San Diego. And Western Alliance Bancorp tumbled almost 11% after it said it made loans to the same borrower ...

Market Overview - The S&P 500 index declined on concerns regarding credit stress in the banking sector, particularly after regional bank Zions announced a $50 million write-off for two loans, leading to a nearly 12% drop in its shares [1] - Capital One and Wells Fargo, both holdings in the Club portfolio, also experienced declines of over 6% and approximately 3% respectively due to market concerns about U.S.-China trade tensions and a potential government shutdown [1] Industrials - DuPont announced details of its spinoff of Qnity Electronics, where shareholders as of October 22 will receive one share of Qnity for every two shares of DuPont on November 1, with trading for both companies starting separately on November 3 [1] - Honeywell's spinoff of Solstice Advanced Materials will see shareholders as of October 17 receive one share of Solstice for every four shares of Honeywell on October 30, with Solstice beginning separate trading under the ticker "SOLS" [1] - Honeywell plans to further spin off its aerospace business in the latter half of next year, focusing the remaining company on automation [1] Smartphones - Apple's global smartphone shipments increased by 4% year-over-year in Q3, solidifying its position as the second-largest smartphone player, while Samsung remains the leader in market share [1] - The report from Counterpoint Research highlighted that Apple's iPhone 17 series has been well received, with record-breaking pre-bookings across regions, which is positive news for Apple as it derives most of its revenue from iPhone sales [1] Health Care - Amazon One Medical expanded its pay-per-visit telehealth services to children aged 2 to 11, charging $49 for video consultations and $29 for text message consultations, with no insurance or membership required [1] - The service aims to address common children's illnesses and allows parents to renew medications like EpiPens and asthma treatments [1] - Amazon Pharmacy has also launched prescription drug kiosks in some One Medical offices, with plans for further rollout [1] Upcoming Reports - Financial companies including American Express, Truist, State Street, and Fifth Third Bancorp are set to report results before Friday's opening bell, which will provide insights into U.S. consumer health and the banking sector amidst ongoing credit concerns [1]