---
schema_version: "secwatch.filing_event.v1"
accession: "0000035527-23-000153"
form_type: "8-K"
ticker: "FITB"
cik: "0000035527"
company_name: "FIFTH THIRD BANCORP"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:53:09.535151+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fifth Third Q1 2023 EPS $0.78; NII down 4% QoQ; deposits flat; announces Big Data Healthcare acquisition

## Summary
- Diluted EPS $0.78 in Q1 2023 vs $1.01 in Q4 2022 and $0.68 in Q1 2022; net income $558M.
- Net interest income (FTE) $1,522M, down 4% QoQ; net interest margin 3.29%, down 6 bps.
- Average deposits flat QoQ at $160.6B; estimated uninsured deposits ~$64.6B, or 40% of total deposits.
- Credit quality: net charge-off ratio 0.26%, ACL ratio 1.99%; nonperforming asset ratio 0.51%.
- Announced acquisition of Big Data Healthcare to accelerate digital payments and managed services.

## SEC filing metadata
- accession: 0000035527-23-000153
- form_type: 8-K
- ticker: FITB
- cik: 0000035527
- company_name: FIFTH THIRD BANCORP
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/35527/000003552723000153/0000035527-23-000153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/35527/000003552723000153/fitb-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000035527-23-000153
- JSON: https://secwatch.observer/filing/0000035527-23-000153.json
- Plain text: https://secwatch.observer/filing/0000035527-23-000153.txt

## Key facts
- Earnings Releases
  FIFTH THIRD BANCORP reported first quarter 2023 results: net income $558 million, EPS $0.78 per diluted share.
  - Period: first quarter 2023
  - Net income: $558 million
  - EPS: $0.78 per diluted share
  - Result: reported results
  source text: Fifth Third Bancorp (NASDAQ ® : FITB) today reported first quarter 2023 net income of $558 million compared to net income of $737 million in the prior quarter and $494 million in the year-ago quarter. Net income available to common shareholders in the current quarter was $535 million, or $0.78 per diluted share, compared to $699 million, or $1.01 per diluted share, in the prior quarter and $474 million, or $0.68 per diluted share, in the year-ago quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/35527/000003552723000153/0000035527-23-000153-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.