Fifth Third Bancorp Pref Share FITBO 4.95 Perp 09/30/24 K | 10-Q: FY2025 Q1 EPS: USD 0.71

EPS: As of FY2025 Q1, the actual value is USD 0.71.

Commercial Banking

• Net Interest Income (FTE): $552 million for Q1 2025, down from $663 million in Q1 2024.
• Provision for Credit Losses: $80 million for Q1 2025, up from $71 million in Q1 2024.
• Noninterest Income: $301 million for Q1 2025, down from $325 million in Q1 2024.
• Noninterest Expense: $511 million for Q1 2025, up from $490 million in Q1 2024.
• Income Before Income Taxes (FTE): $262 million for Q1 2025, down from $427 million in Q1 2024.

Consumer and Small Business Banking

• Net Interest Income: $975 million for Q1 2025, down from $1,152 million in Q1 2024.
• Provision for Credit Losses: $84 million for both Q1 2025 and Q1 2024.
• Noninterest Income: $281 million for Q1 2025, up from $267 million in Q1 2024.
• Noninterest Expense: $650 million for Q1 2025, unchanged from Q1 2024.
• Income Before Income Taxes: $522 million for Q1 2025, down from $685 million in Q1 2024.

Wealth and Asset Management

• Net Interest Income: $49 million for Q1 2025, down from $59 million in Q1 2024.
• Noninterest Income: $109 million for Q1 2025, up from $102 million in Q1 2024.
• Noninterest Expense: $106 million for Q1 2025, up from $103 million in Q1 2024.
• Income Before Income Taxes: $52 million for Q1 2025, down from $58 million in Q1 2024.

General Corporate and Other

• Net Interest Income (FTE): Increased by $350 million for Q1 2025 compared to Q1 2024.
• Provision for Credit Losses: $10 million for Q1 2025 compared to a benefit of $61 million in Q1 2024.
• Noninterest Income: Decreased by $13 million for Q1 2025 compared to Q1 2024.
• Noninterest Expense: Decreased by $62 million for Q1 2025 compared to Q1 2024.

Future Outlook

• Net Interest Margin: Expected to modestly increase over the next several quarters driven by loan growth, fixed-rate asset repricing, and continued liability cost management, assuming the FOMC continues its easing cycle.
• Economic Scenarios: The Bancorp assigned an 80% probability weighting to the Baseline scenario and 10% to each of the Upside and Downside scenarios for the ACL as of March 31, 2025.