StockNews.AI
FITB
StockNews.AI
210 days

Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85

1. FITB reported Q4 2024 EPS of $0.85, up from $0.78. 2. Net interest income increased 1% due to loan growth. 3. Deposit balances remained stable but impacted by lower CDs. 4. Noninterest income rose 3% sequentially, reflecting diverse revenue streams. 5. Credit quality metrics showed slight improvement in net charge-off ratios.

313m saved
Insight
Article

FAQ

Why Bullish?

Strong earnings growth, stable deposit base, and improving credit quality generally support higher stock prices.

How important is it?

The article details substantial financial performance improvements, directly affecting investor sentiment toward FITB.

Why Short Term?

The immediate focus is on quarterly results, but sustained growth will depend on market conditions.

Related Companies

FITBVFDIC

Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85

Strong returns driven by growth in loans and fees and improvement in net interest margin

Reported results included a negative $0.05 impact from certain items on page 2 of the earnings release

CINCINNATI--()--Fifth Third Bancorp (NASDAQ: FITB):

Fifth Third Bancorp (NASDAQ®: FITB) today reported fourth quarter 2024 net income available to common shareholders of $582 million, or $0.85 per diluted share, compared to $532 million, or $0.78 per diluted share, in the prior quarter and $492 million, or $0.72 per diluted share, in the year-ago quarter.

The period-end portfolio loan-to-core deposit ratio was 73% in the current quarter, compared to 71% in the prior quarter and 72% in the year-ago quarter.

Contacts

Investor contact: Matt Curoe (513) 534-2345
Media contact: Jennifer Hendricks Sullivan (614) 744-7693

Related News