Fifth Third Bancorp Pref Share FITBO 4.95 Perp 09/30/24 K | 8-K: FY2025 Q2 EPS: USD 0.88

EPS: As of FY2025 Q2, the actual value is USD 0.88.

EBIT: As of FY2025 Q2, the actual value is USD 813 M.

Segment Revenue

• Commercial Banking: Net interest income (FTE) of $595 million; noninterest income of $321 million.
• Consumer and Small Business Banking: Net interest income (FTE) of $1,085 million; noninterest income of $293 million.
• Wealth and Asset Management: Net interest income (FTE) of $57 million; noninterest income of $101 million.
• General Corporate and Other: Net interest income (FTE) of -$237 million; noninterest income of $35 million.

Operational Metrics

• Net Income: $628 million, a 22% increase from the previous quarter and a 4% increase year-over-year.
• Net Interest Income (FTE): $1,500 million, a 4% increase from the previous quarter and an 8% increase year-over-year.
• Noninterest Income: $750 million, an 8% increase from the previous quarter and year-over-year.
• Noninterest Expense: $1,264 million, a 3% decrease from the previous quarter and a 4% increase year-over-year.
• Efficiency Ratio: The adjusted efficiency ratio improved to 55.5% in 2Q25, a 130 basis point improvement compared to 2Q24.
• Pre-Provision Net Revenue (PPNR): Adjusted PPNR was $1,002 million in 2Q25, marking the highest growth rate in two years.

Cash Flow

• Operating Cash Flow: Not explicitly detailed in the reference.
• Free Cash Flow: Not explicitly detailed in the reference.

Unique Metrics

• Assets Under Management: $73 billion, a 12% increase year-over-year.
• Loan Growth: 5% increase compared to 2Q24, with consumer household growth of 2% and 6% in the Southeast.
• Tangible Book Value per Share: Increased by 18% over the last year.

Outlook / Guidance

• Fifth Third Bancorp expects to continue generating strong, stable returns for long-term shareholders by focusing on high-quality deposits, diversified loan originations, and recurring fee revenue.
• The company plans to adhere to its operating principles of stability, profitability, and growth.
• A new share repurchase authorization of up to 100 million shares was approved, with no expiration date.
• FY 2025 Outlook: Average loans and leases are expected to increase by approximately 5%, with net interest income projected to rise by 5.5% to 6.5%.
• 3Q25 Outlook: Average loans and leases are expected to remain stable or increase by up to 1%, with net interest income anticipated to grow by approximately 1%.