This earnings season has been absolutely pivotal as we look for signs from the regional banks that the economy is showing signs of cracking. So far, some banks have shown some early signs of concerns, with depositsSelloff got you down? We are thriving during it at BAD BEAT InvestingWe have the right high-conviction picks and have helped our members hedge, and done well in this selloff. We also have pinpointed areas to buy during the correction. Enjoy more rapid-returns with our strategy to advance your savi ...

Fifth Third Bancorp executives highlighted their proactive management and the bank’s ability to navigate uncertain environments during a conference call Thursday (April 17) discussing first-quarter earnings.They said these qualities are especially relevant at times like the present, when potential tariffs could lead to any number of different scenarios through the remainder of the year.“[We] cannot predict what the final tariff policies will look like, much less what the second-order effects on economic act ...

U.S. Bancorp USB reported better-than-expected first-quarter earnings on Wednesday.The company posted earnings per share of $1.03, which beat the analyst consensus estimate of 98 cents. The parent company of U.S. Bank reported quarterly revenues of $6.95 billion. It outpaced the analyst consensus estimate of $6.91 billion.U.S. Bancorp's average total loans increased 2.1% on a year-over-year basis and 0.9% on a linked quarter basis."We managed expenses with discipline and delivered 270 basis points of positi ...

Fifth Third Bancorp (FITB) reported $2.13 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 1.5%. EPS of $0.73 for the same period compares to $0.76 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.14 billion, representing a surprise of -0.34%. The company delivered an EPS surprise of +4.29%, with the consensus EPS estimate being $0.70.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Fifth Third Bancorp (FITB) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.29%. A quarter ago, it was expected that this company would post earnings of $0.87 per share when it actually produced earnings of $0.90, delivering a surprise of 3.45%.Over the last four quarters, the compan ...

Core Viewpoint - The Bancorp, Inc. has filed an amended annual report revealing previously omitted critical information, raising investor concerns amid ongoing asset quality issues and a securities class action lawsuit [1][2]. Financial Disclosures - The amended annual report on Form 10-K/A was filed on April 7, 2025, revising financial statements and disclosures from the original report filed on March 3, 2025 [2]. - The original report was deemed unreliable, and neither the former auditor Grant Thornton LLP nor the current auditor Crowe LLP provided final approval for their audit opinions [2][5]. Legal Issues - A securities class action lawsuit, Linden v. The Bancorp, Inc., was filed following the March 4 disclosure, alleging false and misleading statements by the company [1][3]. - The lawsuit seeks to represent investors who purchased Bancorp securities between January 25, 2024, and March 4, 2025 [2]. Asset Quality Concerns - Culper Research issued a report on March 21, 2024, accusing Bancorp of misrepresenting the quality of its real estate bridge loan portfolio and under-reserving for potential loan losses [3]. - The company reported disappointing Q3 2024 results, attributing a $1.5 million after-tax reduction in net income to a new CECL factor affecting REBL loans [4]. Internal Control and Financial Reporting - The amended report indicated that the provision for credit losses for consumer fintech loans was revised from $19.6 million to $30.7 million [4]. - The company acknowledged that its internal control over financial reporting was not effective, contradicting earlier statements [4][5]. Investigations and Whistleblower Information - Hagens Berman is investigating the claims against Bancorp, focusing on whether the financial statements accurately reflected the loan portfolios and adhered to accounting standards [6][7]. - Whistleblowers with non-public information regarding Bancorp are encouraged to assist in the investigation, with potential rewards under the SEC Whistleblower program [7].

Highlights U.S. Bancorp demonstrated strong credit quality with improved consumer card delinquencies year over year, even amidst macroeconomic uncertainty. Management said it is strategically focused on its payments businesses and “money movement” capabilities as areas for future growth. U.S. Bancorp has presence with the affluent customer segment and is seeing steady consumer spending patterns. U.S. Bancorp’s first-quarter earnings results showed strong credit quality, as consumer card delinque ...

Group 1 - The article emphasizes a dividend-focused value investment strategy that prioritizes capital preservation and steady income growth [1] - The author shares insights from a diversified dividend stock portfolio, highlighting high-quality value stocks that provide meaningful growth and long-term safety [1] Group 2 - The author has a beneficial long position in USB shares, indicating a personal investment interest in the company [2] - The article is presented as a personal opinion and does not constitute professional investment or tax advice [3]

U.S. Bancorp’s (USB) first-quarter 2025 adjusted earnings per share (excluding the impacts of notable items) of $1.03 beat the Zacks Consensus Estimate of 99 cents. The bottom line increased 14.4% from the prior-year quarter.Results have benefited from lower expenses and higher non-interest income. Also, a rise in net interest income (NII) and strong capital position were tailwinds. However, a decline in deposits was concerning.Net income (GAAP basis) attributable to U.S. Bancorp was $1.72 billion, up 29.6% ...

Group 1 - The article suggests that despite concerns regarding tariffs, Unity Bancorp (NASDAQ: UNTY) presents a positive outlook for banks [1] - The investment strategy highlighted is a long-term, buy-and-hold approach, focusing on stocks that can deliver sustainable high-quality earnings, particularly in the dividend and income sectors [1]