Fifth Third Bancorp Reports First Quarter 2024 Diluted Earnings Per Share of $0.70 [Yahoo! Finance]
Fifth Third Bancorp (FITB)
Last fifth third bancorp earnings: 4/21 06:30 am
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Source: Yahoo! Finance
CINCINNATI, April 19, 2024 BUSINESS WIRE )--Fifth Third Bancorp (NASDAQ: FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 1Q24 4Q23 1Q23 Stability: Average deposits increased 5% compared to 1Q23 Net charge-offs, NPAs, and delinquencies remain below historical levels; zero CRE net charge-offs during the quarter Loan-to-core deposit ratio of 71% CET1 capital increased 15 bps sequentially to 10.44% reflecting consistent and strong earnings power Profitability: Strong fee performance driven by 10% growth in wealth and asset management revenue and 11% in treasury management fees compared to 1Q23 Interest-bearing deposit costs stabilized; increased only 1 bp compared to 4Q23 Disciplined expense management; expenses increased 1%; adjusted expenses (a) decreased 1% compared to 1Q23 Growth: Generated consumer household growth of 3% compared to 1Q23 Fifth Third Wealth Advisors surpassed $1 billion in ass
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FITB
News
- Fifth Third Bancorp (NASDAQ: FITB) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $39.50 price target on the stock, up previously from $37.50.MarketBeat
- Fifth Third Bancorp: Expensive For The Right Reasons [Seeking Alpha]Seeking Alpha
- Fifth Third Bancorp (NASDAQ: FITB) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $36.00 price target on the stock.MarketBeat
- Fifth Third Bancorp (NASDAQ: FITB) had its price target raised by analysts at DA Davidson from $37.00 to $39.00. They now have a "neutral" rating on the stock.MarketBeat
- Fifth Third Bancorp (NASDAQ: FITB) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $40.00 price target on the stock, up previously from $39.00.MarketBeat
FITB
Earnings
- 4/19/24 - Miss
FITB
Sec Filings
- 5/1/24 - Form 144
- 4/23/24 - Form 4
- 4/23/24 - Form 144
- FITB's page on the SEC website