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Fifth Third Bancorp (FITB)
NASDAQ:FITB
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.74Last Year’s EPS
0.7Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 21, 2025
|% Change Since: -1.65%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with robust capital return, growth in loans and deposits, and improved efficiency. However, challenges remain in credit quality and potential deposit cost pressures. The outlook for 2025 appears positive, with expectations for record NII and operating leverage.Company Guidance
During Fifth Third Bancorp's Fourth Quarter 2024 Earnings Call, the executives highlighted several key metrics reflecting the company's strong performance and guidance. The company reported an earnings per share of $0.90, an adjusted return on equity of 13.7%, and a 2% year-over-year revenue growth. The core adjusted pre-provision net revenue (PPNR) surpassed $1 billion, with an improved adjusted efficiency ratio of 54.7%. The bank achieved a full-year return on assets of 1.17% and a return on tangible common equity, excluding Accumulated Other Comprehensive Income (AOCI), of 14%. Additionally, they maintained a consistent efficiency ratio of 57.1% throughout the year. The company returned $1.6 billion of capital to shareholders, increased their Common Equity Tier 1 (CET1) ratio by over 20 basis points, and resumed share repurchases, executing $300 million in the fourth quarter. For 2025, Fifth Third projected a 5% to 6% increase in net interest income (NII) and a 3% to 4% growth in average total loans, with continued focus on stability, profitability, and growth. The bank also anticipated continued strong performance in commercial payments and wealth management, with a total assets under management (AUM) growth of 17% year-over-year, reaching $69 billion.Strong Earnings and Return on Equity
Achieved earnings per share of $0.90, excluding certain items, with an adjusted return on equity of 13.7%, the highest among peers.
Record Capital Return
Returned $1.6 billion of capital to shareholders, including $630 million in stock repurchases, with a 6% increase in tangible book value per share.
Loan and Deposit Growth
Achieved 3% sequential growth in end-of-period loans and 1% sequential growth in average core deposits.
Operational Efficiency
Improved adjusted efficiency ratio to 54.7% and achieved $150 million in annualized savings through modernization efforts.
Positive Outlook for 2025
Confident in achieving record NII and positive operating leverage for 2025, with expected full-year NII growth of 5% to 6%.
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FITB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FITB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 21, 2025 | $44.34 | $44.86 | +1.17% |
| Oct 18, 2024 | $44.98 | $44.28 | -1.56% |
| Jul 19, 2024 | $39.54 | $40.28 | +1.87% |
| Apr 19, 2024 | $33.30 | $35.28 | +5.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fifth Third Bancorp (FITB) report earnings?
Fifth Third Bancorp (FITB) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Fifth Third Bancorp (FITB) earnings time?
Fifth Third Bancorp (FITB) earnings time is at Apr 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FITB EPS forecast?
FITB EPS forecast for the fiscal quarter 2025 (Q1) is 0.74.
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