---
schema_version: "secwatch.filing_event.v1"
accession: "0000035527-24-000154"
form_type: "8-K"
ticker: "FITB"
cik: "0000035527"
company_name: "FIFTH THIRD BANCORP"
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T17:11:29.654771+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Fifth Third Q1 2024 EPS $0.70 down 10% YoY; NIM compressed, deposits grew 5%

## Summary
- Net income available to common shareholders $480M ($0.70 diluted EPS) vs $535M ($0.78) year-ago.
- Net interest margin (FTE) 2.86% vs 3.29% year-ago, down 43 bps; NII fell 9% YoY to $1.39B.
- Average deposits increased 5% YoY to $168.1B; core deposits up 4%; loan-to-core deposit ratio 71%.
- Net charge-off ratio 0.38% (0.26% year-ago); NPA ratio 0.64%; credit remains below historical levels.
- CET1 capital ratio improved 15 bps QoQ to 10.44%; transferred $12.6B securities from AFS to HTM.

## SEC filing metadata
- accession: 0000035527-24-000154
- form_type: 8-K
- ticker: FITB
- cik: 0000035527
- company_name: FIFTH THIRD BANCORP
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/35527/000003552724000154/0000035527-24-000154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/35527/000003552724000154/fitb-20240419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000035527-24-000154
- JSON: https://secwatch.observer/filing/0000035527-24-000154.json
- Plain text: https://secwatch.observer/filing/0000035527-24-000154.txt

## Key facts
- Earnings Releases
  FIFTH THIRD BANCORP reported first quarter 2024 results: net income $520 million, EPS $0.70 per diluted share.
  - Period: first quarter 2024
  - Net income: $520 million
  - EPS: $0.70 per diluted share
  - Result: reported results
  source text: Fifth Third Bancorp Reports First Quarter 2024 Diluted Earnings Per Share of $0.70
  evidence_url: https://www.sec.gov/Archives/edgar/data/35527/000003552724000154/0000035527-24-000154-index.htm

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