Fifth Third Q4 2024 EPS $0.85 beats; NIM expands 7bps to 2.97%

FIFTH THIRD BANCORP

2024-FY EPS reported $3.14

Net income available to common $582M, diluted EPS $0.85 vs $0.78 QoQ and $0.72 YoY.
Net interest margin 2.97% (+7bps QoQ); NII $1,443M (+1% QoQ) on loan growth and lower deposit costs.
Noninterest income $732M (+3% QoQ); wealth/asset mgmt +11% and capital markets fees +16% YoY.
Certain items (interchange litigation, Foundation, FDIC) reduced EPS by $0.05; adjusted EPS ~$0.90.
CET1 ratio 10.51%; returned $1.6B to shareholders in 2024; average deposits stable at $167B.

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