Fifth Third(US:FITB)2025-07-17 13:00Financial Performance - Fifth Third Bancorp's adjusted PPNR achieved its highest growth rate in 2 years[8] - The adjusted efficiency ratio improved by 130 bps[8] to 55.5%[9, 21] - Adjusted EPS was $0.90[9, 175] - Return on average tangible common equity was 18%[9] - Net interest income increased to $1.5 billion[13] Loan and Deposit Trends - Average consumer loans increased by 7% compared to 2Q24[10] - Average commercial loans increased by 4% compared to 2Q24[10] - Consumer household growth was 2% compared to 2Q24, with 6% growth in the southeast[10] - Non-interest bearing deposits represent 25.3% of total deposits[35] Credit Quality - Non-performing assets decreased by 11% sequentially[8] - Commercial non-performing assets declined by 18%[8] - Net charge-off ratio was 0.45%[37] Outlook - Average loans & leases are expected to increase by approximately 5% for FY2025 compared to FY2024[54] - Net interest income is projected to increase by 5.5% - 6.5% for FY2025 compared to FY2024[54]