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Jun 30, 2020
Fifth Third Q2 2020 Earnings Report
Announced second quarter 2020 results, which included a negative $0.07 impact from certain items, and proactive support in response to the pandemic.
Key Takeaways
Fifth Third Bancorp reported a net income of $195 million for the second quarter of 2020, compared to $46 million in the previous quarter and $453 million in the year-ago quarter. Net income available to common shareholders was $163 million, or $0.23 per diluted share.
Pre-provision net revenue up 4% from the prior quarter and up 10% from the year-ago quarter despite continued rate headwinds
Record capital markets revenue
Significant improvement in reported and adjusted efficiency ratio compared to both the prior and year-ago quarter
NCO ratio lower than low end of previous guidance range
Revenue by Segment
Forward Guidance
The company expects credit quality to remain relatively stable in the near-term, reflecting disciplined client selection, a decade-long focus on improving credit performance, and proactive risk management actions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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