earnings
confidence high
sentiment positive
materiality 0.80
Fifth Third Q4 net income available to common $582M, EPS $0.85, up 18% YoY
FIFTH THIRD BANCORP
2024-FY EPS reported
$3.14
- Diluted EPS $0.85 vs $0.72 YoY; net income available to common $582M, up 18%.
- Net interest margin (FTE) 2.97%, up 7 bps QoQ and 12 bps YoY.
- Noninterest income excluding certain items $791M, up 6% QoQ and 5% YoY.
- Provision for credit losses $179M vs $55M YoY; net charge-off ratio 0.46% vs 0.32% YoY.
- CET1 capital ratio 10.51%; repurchased $300M of common stock in Q4.