other material
confidence medium
sentiment positive
materiality 0.50
Fifth Third Bancorp highlights FY2024 ROACE 12.47%, CET1 10.57%, dividend CAGR 9% at annual meeting
FIFTH THIRD BANCORP
- ROAA of 1.09% and ROACE of 12.47% for FY2024; efficiency ratio (non-GAAP) 59.2%.
- CET1 ratio of 10.57%; NIM increased 28 bps vs 2023; loan-to-core deposit ratio 73%.
- Dividend per common share grew from $0.94 (2019) to $1.44 (2024), 9% 5-year CAGR, ranked #2 among peers.
- 5-year TSR of 68% ranks third among regional bank peers; 10-year TSR of 191% ranks first.
- Community investment: $42B of $100B sustainability target achieved; $1.4B community development lending in 2024.