Fifth Third Q3 EPS $0.91; raises dividend 6% to $0.35; deposits grow 3% seq

FIFTH THIRD BANCORP

2023-Q3 EPS reported $2.50 revenue$431,000,000

Diluted EPS $0.91 ($0.90 ex-Visa swap item); net income $660M, up 10% sequential.
Quarterly dividend raised 6% to $0.35 per share; record and payable dates not disclosed.
Average deposits +3% seq, +4% YoY; CET1 ratio improved 31bps to 9.80%.
Net interest margin 2.98% (down 12bps seq); efficiency ratio 55.0% improved 120bps.
Net charge-off ratio 0.41% (up from 0.29% prior); NPA ratio improved to 0.51%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIFTH THIRD BANCORP reported Third Quarter 2023 results: net income $623 million, or $0.91 per diluted share, EPS $0.91 per diluted share.

Period: Third Quarter 2023
Net income: $623 million, or $0.91 per diluted share
EPS: $0.91 per diluted share
Result: reported results

Exact text from the filing

Net income available to common shareholders in the current quarter was $623 million, or $0.91 per diluted share, compared to $562 million, or $0.82 per diluted share, in the prior quarter and $631 million, or $0.91 per diluted share, in the year-ago quarter.

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FIFTH THIRD BANCORP filing history →

Source: SEC EDGAR

accession 0000035527-23-000244

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