- Average deposits were reported at $163.58 billion, falling short of the estimated $165.54 billion.
- The bank’s average portfolio loans and leases amounted to $123.07 billion.
- Net interest income on a fully taxable equivalent basis was $1.50 billion, slightly above the estimate of $1.48 billion.
- Net interest margin stood at 3.12%, surpassing the expected 3.03%.
- Earnings per share (EPS) reached 88 cents.
- Provision for credit losses was $173 million, lower than the estimated $181.9 million.
- Net credit recoveries recorded were $139 million.
- The Common Equity Tier 1 ratio was at 10.6%, just above the 10.5% estimate.
- Efficiency ratio came in at 56.2%, slightly higher than the anticipated 55.9%.
- Tier 1 ratio was aligned with estimates at 11.8%.
- Adjusted non-interest income was $735 million, below the forecasted $741.8 million.
- Non-interest expenses totaled $1.26 billion, exceeding the projected $1.24 billion.
- Compensation expenses were $698 million, higher than the estimated $680 million.
- The sentiment among analysts included 18 buy ratings, 9 hold ratings, and 0 sell ratings.
Fifth Third Ban on Smartkarma
Analyst coverage of Fifth Third Bancorp on Smartkarma has been positive, as highlighted by reports from Baptista Research. In one report titled “Fifth Third Bancorp: Dealing With Policy & Regulatory Volatility in Solar Lending Is A Risk One CANNOT Ignore!”, the bank’s first-quarter 2025 results were impressive, surpassing consensus estimates. The report emphasized a 5% year-over-year growth in pre-provision net revenue, an adjusted return on equity of 11.2%, and a 15% increase in tangible book value per share.
Another report by Baptista Research, “Fifth Third Bancorp’s Surprising Southeast Expansion Plan Could Shake Up Banking Rivals! – Major Drivers”, highlighted the bank’s stability and strategic investments during the third quarter of 2024. With an outperformance in earnings per share and a strong return on equity of 12.8%, Fifth Third Bancorp has positioned itself as a leader in the industry. These reports showcase a positive sentiment towards Fifth Third Bancorp’s performance and growth potential.
A look at Fifth Third Ban Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Despite facing moderate growth and resilience scores, Fifth Third Bancorp’s strong value, dividend, and momentum ratings imply a promising long-term outlook. The company, known for its retail and commercial banking services, along with investment advisory and data processing operations, appears set to deliver solid returns to investors over time.
Fifth Third Bancorp’s above-average scores in value, dividend, and momentum are likely to position the company favorably against its peers in the banking sector. With a diverse range of financial services and a focus on regions in the Midwestern and Southeastern U.S., Fifth Third Bancorp stands as a robust player in the industry poised for continued success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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