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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.
Fifth Third
Fifth Third
Fifth Third Revenue by Segment
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