NASDAQ:FITB
Fifth Third Bancorp Stock Earnings Reports
$43.43
-0.570 (-1.30%)
At Close: Feb 12, 2025
Fifth Third Ban Earnings Calls
Q4 2024
Beat
$0.90 (2.27%)
Release date | Jan 21, 2025 |
EPS estimate | $0.88 |
EPS actual | $0.90 |
EPS Surprise | 2.27% |
Revenue estimate | 2.209B |
Revenue actual | 2.175B |
Revenue Surprise | -1.52% |
Q3 2024
Missed
$0.780 (-6.02%)
Release date | Oct 18, 2024 |
EPS estimate | $0.83 |
EPS actual | $0.780 |
EPS Surprise | -6.02% |
Revenue estimate | 2.164B |
Revenue actual | 2.063B |
Revenue Surprise | -4.66% |
Q2 2024
Missed
$0.81 (-4.71%)
Release date | Jul 19, 2024 |
EPS estimate | $0.85 |
EPS actual | $0.81 |
EPS Surprise | -4.71% |
Revenue estimate | 2.111B |
Revenue actual | 3.362B |
Revenue Surprise | 59.28% |
Q1 2024
Missed
$0.700 (-1.41%)
Release date | Apr 19, 2024 |
EPS estimate | $0.710 |
EPS actual | $0.700 |
EPS Surprise | -1.41% |
Revenue estimate | 2.086B |
Revenue actual | 3.283B |
Revenue Surprise | 57.41% |
Last 4 Quarters for Fifth Third Ban
Below you can see how FITB performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Missed
Release date | Apr 19, 2024 |
Fiscal end date | Mar 31, 2024 |
Price on release | $36.25 |
EPS estimate | $0.710 |
EPS actual | $0.700 |
EPS surprise | -1.41% |
Date | Price |
---|---|
Apr 15, 2024 | $34.62 |
Apr 16, 2024 | $34.09 |
Apr 17, 2024 | $34.10 |
Apr 18, 2024 | $34.22 |
Apr 19, 2024 | $36.25 |
Apr 22, 2024 | $36.55 |
Apr 23, 2024 | $37.06 |
Apr 24, 2024 | $37.23 |
Apr 25, 2024 | $36.82 |
4 days before | 4.71% |
4 days after | 1.57% |
On release day | 0.83% |
Change in period | 6.35% |
Q2 2024
Missed
Release date | Jul 19, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $40.99 |
EPS estimate | $0.85 |
EPS actual | $0.81 |
EPS surprise | -4.71% |
Date | Price |
---|---|
Jul 15, 2024 | $39.16 |
Jul 16, 2024 | $40.22 |
Jul 17, 2024 | $41.00 |
Jul 18, 2024 | $40.23 |
Jul 19, 2024 | $40.99 |
Jul 22, 2024 | $40.86 |
Jul 23, 2024 | $41.26 |
Jul 24, 2024 | $40.98 |
Jul 25, 2024 | $41.83 |
4 days before | 4.67% |
4 days after | 2.05% |
On release day | -0.317% |
Change in period | 6.82% |
Q3 2024
Missed
Release date | Oct 18, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $44.67 |
EPS estimate | $0.83 |
EPS actual | $0.780 |
EPS surprise | -6.02% |
Date | Price |
---|---|
Oct 14, 2024 | $44.32 |
Oct 15, 2024 | $44.65 |
Oct 16, 2024 | $44.98 |
Oct 17, 2024 | $45.37 |
Oct 18, 2024 | $44.67 |
Oct 21, 2024 | $43.37 |
Oct 22, 2024 | $43.66 |
Oct 23, 2024 | $43.87 |
Oct 24, 2024 | $44.06 |
4 days before | 0.790% |
4 days after | -1.37% |
On release day | -2.91% |
Change in period | -0.587% |
Q4 2024
Beat
Release date | Jan 21, 2025 |
Fiscal end date | Dec 30, 2024 |
Price on release | $44.86 |
EPS estimate | $0.88 |
EPS actual | $0.90 |
EPS surprise | 2.27% |
Date | Price |
---|---|
Jan 14, 2025 | $42.89 |
Jan 15, 2025 | $44.00 |
Jan 16, 2025 | $43.27 |
Jan 17, 2025 | $44.34 |
Jan 21, 2025 | $44.86 |
Jan 22, 2025 | $43.93 |
Jan 23, 2025 | $43.85 |
Jan 24, 2025 | $44.18 |
Jan 27, 2025 | $44.96 |
4 days before | 4.59% |
4 days after | 0.223% |
On release day | -2.07% |
Change in period | 4.83% |
Fifth Third Ban Earnings Call Transcript Summary of Q4 2024
Financial Performance
The bank achieved an adjusted return on equity of 13.7%, besting peers, and saw revenue growth of 2% both sequentially and year-over-year. The adjusted efficiency ratio improved significantly to 54.7%, indicating better cost management.
- Core adjusted pre-provision net revenue (PPNR) surpassed $1 billion for the first time in several quarters.
- Full-year return on assets stood at 1.17% with a return on tangible common equity (ROCE) of 14%.
- The bank successfully maintained its Common Equity Tier 1 (CET1) ratio above 10.5%, reflecting a solid capital position.
- A total of $1.6 billion was returned to shareholders through dividends and share repurchases, including $300 million executed in Q4.
Growth Strategies
- The bank's expansion into the Southeast continues to drive growth, with 31 new branches opened in 2024 and another 60 planned for 2025.
- Successful in acquiring granular low-cost deposits, Fifth Third reported being the top performer among large banks in retail deposit growth for two consecutive years.
- Total assets under management in the Wealth and Asset Management segment grew 17% year-over-year.
Lending and Fees
- Loan growth in December accelerated, with end-of-period loans up 3%, supported by both consumer and commercial segments.
- Significant growth in commercial line production was noted, particularly in middle market sectors, with a 50% increase in Q4.
- The Commercial Payments segment generated an 8% increase in fee revenues, indicating strong demand.
- Although some pressure was observed on the Capital Markets side, commercial banking remained robust.
Credit Quality
- Q4 net charge-off ratio stabilized at 46 basis points, with a focus on maintaining a well-diversified credit portfolio.
- Non-performing asset (NPA) ratio increased slightly, with proactive management in place.
- The bank expects a net charge-off range of 40-49 basis points for 2025, with a provision build anticipated due to loan growth.
Outlook for 2025
- Fifth Third anticipates record net interest income (NII) growth of 5-6%, with average total loans expected to increase by 3-4%.
- The bank is optimistic about achieving positive operating leverage and further improvements in efficiency ratios.
- With a strong balance sheet and diversified revenue streams, the bank aims to maintain a balanced approach to growth, focused on stability and long-term investments.
Key Takeaways for Investors
- Strong earnings performance relative to peers sets a positive tone for future growth.
- Shareholder returns through buybacks and dividends demonstrate a commitment to returning capital to investors.
- Focus on long-term strategic investments, including geographic and product expansion, positions the bank favorably against macroeconomic fluctuations.
- Continuous monitoring of credit quality and proactive management are crucial as the economic landscape evolves in 2025.
Overall, Fifth Third Bancorp's outlook appears optimistic, with solid fundamentals and a commitment to growth amidst an uncertain economic environment.
Fifth Third Ban Earnings History
Earnings Calendar
FAQ
When is the earnings report for FITB?
Fifth Third Bancorp (FITB) has scheduled its earnings report for Apr 18, 2025 before the markets open.
What is the FITB price-to-earnings (P/E) ratio?
FITB P/E ratio as of Feb 12, 2025 (TTM) is 13.27.
What is the FITB EPS forecast?
The forecasted EPS (Earnings Per Share) for Fifth Third Bancorp (FITB) for the first fiscal quarter 2025 is $0.750.
What are Fifth Third Bancorp's retained earnings?
On its balance sheet, Fifth Third Bancorp reported retained earnings of $2.18 billion for the latest quarter ending Dec 30, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.