- Fifth Third’s 1Q average deposits were $168.12 billion, close to the estimated $169.01 billion.
- The average portfolio loans and leases amounted to $117.33 billion.
- Net interest income FTE stood at $1.39 billion, beating the $1.38 billion estimate.
- The Net interest margin was 2.86%, higher than the estimated 2.82%.
- Earnings per share (EPS) was 70c.
- The provision for credit losses was $94 million, slightly above the $90.7 million estimate.
- Net credit recoveries outperformed the estimate, with $110 million against a predicted charge-off of $108.6 million.
- The common equity Tier 1 ratio was as estimated, at 10.4%.
- The efficiency ratio was at 63.9%, slightly more than the 62.8% estimate.
- The Tier 1 ratio was as expected, at 11.8%.
- The adjustment non-interest income was $717 million, better than the $707.3 million estimate.
- Non-interest expenses were $1.34 billion, slightly higher than the estimated $1.33 billion.
- Compensation expenses amounted to $753 million, against an estimated $736.3 million.
- The stock currently has 12 buys, 13 holds, and 0 sells recommended.
A look at Fifth Third Ban Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| 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
Analysts utilizing Smartkarma Smart Scores have indicated a positive long-term outlook for Fifth Third Bancorp, a diversified financial services company operating in the Midwestern and Southeastern regions of the United States. With strong scores across multiple factors such as Value, Dividend, Growth, and Momentum, Fifth Third Ban appears to be positioned well for future growth and stability in the market.
However, it is important to note that the company received a score of 2 in Resilience, suggesting some potential vulnerability in this aspect. Despite this, Fifth Third Ban‘s overall high scores in key areas bode well for investors looking for a company with solid value, growth potential, and dividend payouts in the long run.
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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