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Dec 31, 2021
Fifth Third Q4 2021 Earnings Report
Reported strong financial results driven by business momentum and diversified revenues.
Key Takeaways
Fifth Third Bancorp reported Q4 2021 net income of $662 million, or $0.90 per diluted share. The results reflected strong business momentum and improved, diversified revenues. The company generated record commercial banking and wealth and asset management revenue.
Generated record commercial loan production of $8.2 billion, up nearly 50% compared to Q3 2021.
Record commercial banking revenue was achieved.
Record assets under management net inflows were generated.
Consumer household growth of 3% was achieved compared to Q4 2020.
Fifth Third
Fifth Third
Fifth Third Revenue by Segment
Forward Guidance
Fifth Third expects the positive momentum in its businesses to carry forward into 2022 and beyond.