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Fifth Third

🇺🇸 NASDAQ:FITB

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Overview Earnings Dividends

Oct 19, 2021

•

Sep 30, 2021

Fifth Third Q3 2021 Earnings Report

Reported strong business outcomes across the franchise, resulting in improved and diversified revenues.

Key Takeaways

Fifth Third Bancorp reported third quarter 2021 net income of $704 million, or $0.97 per diluted share. The results reflected strong business outcomes and disciplined balance sheet management.

Closed acquisition of Provide, a leading fintech company serving healthcare practices.

Finalized HSA deposit sale, generating a pre-tax gain of $60 million (noninterest income).

Generated consumer household growth of 3% vs. 3Q20.

Commercial loan production increased 5% compared to 2Q21; strongest production quarter since 4Q19.

Total Revenue

$2.03B

Previous year: $1.9B

+7.0%

EPS

$0.97

Previous year: $0.85

+14.1%

Efficiency ratio

57.8%

Previous year: 61.3%

-5.7%

CET1 capital ratio

9.85%

Previous year: 10.14%

-2.9%

Gross Profit

$1.95B

Previous year: $1.86B

+4.5%

Cash and Equivalents

$3.21B

Previous year: $3B

+7.2%

Free Cash Flow

$1.14B

Previous year: -$39M

-3025.6%

Total Assets

$208B

Previous year: $202B

+2.8%

Fifth Third

Fifth Third Revenue by Segment

Revenue by Segment

Commercial banking Revenue

CapyFin.com

Wealth & Asset Mgmt Revenue

CapyFin.com

Forward Guidance

Fifth Third expects positive momentum to carry forward in the fourth quarter and beyond.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Fifth Third