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Sep 30, 2022
Fifth Third Q3 2022 Earnings Report
Reported strong third quarter results driven by interest-earning assets growth and net interest margin improvement.
Key Takeaways
Fifth Third Bancorp reported third quarter 2022 net income of $653 million, or $0.91 per diluted share. The results reflect record adjusted revenue driven by interest-earning assets growth combined with a 30 basis point improvement in net interest margin.
Generated consumer household growth of 3% compared to 3Q21
Increased quarterly cash dividend on common shares 3 cents, or 10%
ROTCE of 21.9%; adjusted ROTCE of 17.7% excl. AOCI
Efficiency ratio of 53.7%, a 4 point improvement from 3Q21
Revenue by Segment
Forward Guidance
Fifth Third has been built to perform well through-the-cycle. Our key credit quality metrics in both commercial and consumer portfolios remain resilient, reflecting our focus on high-quality relationships and disciplined approach to client selection. We remain well positioned to outperform peers and generate long-term sustainable value for customers, communities, employees and shareholders.
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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