---
schema_version: "secwatch.filing_event.v1"
accession: "0000035527-24-000005"
form_type: "8-K"
ticker: "FITB"
cik: "0000035527"
company_name: "FIFTH THIRD BANCORP"
filed_at: "2024-01-19T23:59:59+00:00"
generated_at: "2026-06-06T21:33:58.461697+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000035527-24-000005
- form_type: 8-K
- ticker: FITB
- cik: 0000035527
- company_name: FIFTH THIRD BANCORP
- filed_at: 2024-01-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/35527/000003552724000005/0000035527-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/35527/000003552724000005/fitb-20240119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000035527-24-000005
- JSON: https://secwatch.observer/filing/0000035527-24-000005.json
- Plain text: https://secwatch.observer/filing/0000035527-24-000005.txt

## Key facts
- Earnings Releases
  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
  source text: Fifth Third Reports Fourth Quarter 2023 Diluted Earnings Per Share of $0.72
  evidence_url: https://www.sec.gov/Archives/edgar/data/35527/000003552724000005/0000035527-24-000005-index.htm

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