Fifth Third Bancorp Pref Share FITBO 4.95 Perp 09/30/24 K | 10-Q: FY2025 Q2 EPS: USD 0.88

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

Commercial Banking

• Net Interest Income (FTE): $595 million for Q2 2025, down from $634 million in Q2 2024; $1,147 million for the first half of 2025, down from $1,298 million in the first half of 2024.
• Provision for Credit Losses: $79 million for Q2 2025, down from $137 million in Q2 2024; $159 million for the first half of 2025, down from $208 million in the first half of 2024.
• Noninterest Income: $321 million for Q2 2025, compared to $320 million in Q2 2024; $622 million for the first half of 2025, compared to $642 million in the first half of 2024.
• Noninterest Expense: $453 million for Q2 2025, up from $445 million in Q2 2024; $964 million for the first half of 2025, up from $936 million in the first half of 2024.

Consumer and Small Business Banking

• Net Interest Income: $1,085 million for Q2 2025, up from $1,081 million in Q2 2024; $2,060 million for the first half of 2025, down from $2,232 million in the first half of 2024.
• Provision for Credit Losses: $84 million for Q2 2025, up from $70 million in Q2 2024; $168 million for the first half of 2025, up from $154 million in the first half of 2024.
• Noninterest Income: $293 million for Q2 2025, up from $275 million in Q2 2024; $573 million for the first half of 2025, up from $546 million in the first half of 2024.
• Noninterest Expense: $625 million for Q2 2025, up from $638 million in Q2 2024; $1,295 million for the first half of 2025, up from $1,289 million in the first half of 2024.

Wealth and Asset Management

• Net Interest Income: $57 million for Q2 2025, up from $54 million in Q2 2024; $106 million for the first half of 2025, down from $112 million in the first half of 2024.
• Noninterest Income: $101 million for Q2 2025, up from $98 million in Q2 2024; $211 million for the first half of 2025, up from $200 million in the first half of 2024.
• Noninterest Expense: $95 million for Q2 2025, up from $93 million in Q2 2024; $203 million for the first half of 2025, up from $195 million in the first half of 2024.

General Corporate and Other

• Net Interest Income (FTE): Increased by $139 million for Q2 2025 and $488 million for the first half of 2025 compared to the same periods in the prior year.
• Provision for Credit Losses: $12 million for Q2 2025 and $22 million for the first half of 2025, compared to a benefit from credit losses of $110 million and $171 million for the same periods in the prior year.
• Noninterest Income: Increased by $33 million for Q2 2025 and $20 million for the first half of 2025 compared to the same periods in the prior year.
• Noninterest Expense: Increased by $25 million for Q2 2025 and decreased by $36 million for the first half of 2025 compared to the same periods in the prior year.

Future Outlook

• Core Business Focus: The Bancorp expects net interest margin results to remain stable or 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.
• Non-Core Business: The Bancorp is evaluating the impact of recent legislative changes on its effective tax rate, deferred tax assets and liabilities, related valuation allowances, and business activities, with effects to be reflected in the financial statements for the period ending September 30, 2025.