Fifth Third Q4 2023 EPS $0.72, down 21% seq; NII -10% YoY; FDIC charge of $0.27 per share

FIFTH THIRD BANCORP

2023-FY EPS reported $3.22 revenue$577,000,000

Diluted EPS $0.72 vs $0.91 Q3 and $1.01 year ago; net income $530M down 28% YoY.
Net interest income (FTE) $1.423B (-2% seq, -10% YoY); net interest margin 2.85% (-13bps seq).
Noninterest expense $1.455B (+22% seq) included $224M FDIC special assessment; adjusted expense +2% seq.
CET1 increased 49bps to 10.29%; transferred $12.6B AFS securities to HTM to reduce capital volatility.
Average deposits +2% seq, +5% YoY; NCO ratio 0.32% improved but NPA ratio 0.59% up from 0.44% YoY.

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 0.95

FIFTH THIRD BANCORP reported Fourth Quarter 2023 results: net income $530 million, EPS $0.72.

Period: Fourth Quarter 2023
Net income: $530 million
EPS: $0.72
Result: reported results

Exact text from the filing

Fifth Third Reports Fourth Quarter 2023 Diluted Earnings Per Share of $0.72

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

FIFTH THIRD BANCORP filing history →

Source: SEC EDGAR

accession 0000035527-24-000005

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