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Jun 30, 2022
Fifth Third Q2 2022 Earnings Report
Reported diluted earnings per share of $0.76.
Key Takeaways
Fifth Third Bancorp reported second quarter net income of $562 million, or $0.76 per diluted share. The results reflect an increase in net interest income and NIM, offset by softer fee revenue.
Generated consumer household growth of 2% compared to 2Q21
Announced stress capital buffer requirement of 2.5% (regulatory minimum)
Closed acquisition of Dividend Finance, a national point-of-sale consumer lender
Announced $100 billion environmental and social finance target to be achieved through 2030
Fifth Third
Fifth Third
Forward Guidance
Fifth Third did not provide comprehensive forward guidance in its earnings report.