Fifth Third Bancorp Pref Share FITBO 4.95 Perp 09/30/24 K | 10-Q: FY2025 Q3 Revenue: USD 2.301 B

LB filings
2025.11.04 21:58
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Revenue: As of FY2025 Q3, the actual value is USD 2.301 B.

EPS: As of FY2025 Q3, the actual value is USD 0.91.

EBIT: As of FY2025 Q3, the actual value is USD -683 M.

Commercial Banking

  • Net Interest Income (FTE): $594 million for Q3 2025, down from $648 million in Q3 2024. $1.742 billion for the nine months ended September 30, 2025, down from $1.946 billion in the same period in 2024.
  • Provision for Credit Losses: $246 million for Q3 2025, up from $76 million in Q3 2024. $405 million for the nine months ended September 30, 2025, up from $284 million in the same period in 2024.
  • Noninterest Income: $357 million for Q3 2025, up from $354 million in Q3 2024. $977 million for the nine months ended September 30, 2025, down from $996 million in the same period in 2024.
  • Noninterest Expense: $454 million for Q3 2025, down from $460 million in Q3 2024. $1.418 billion for the nine months ended September 30, 2025, up from $1.394 billion in the same period in 2024.
  • Income Before Income Taxes (FTE): $251 million for Q3 2025, down from $466 million in Q3 2024. $896 million for the nine months ended September 30, 2025, down from $1.264 billion in the same period in 2024.

Consumer and Small Business Banking

  • Net Interest Income: $1.082 billion for Q3 2025, up from $1.056 billion in Q3 2024. $3.141 billion for the nine months ended September 30, 2025, down from $3.287 billion in the same period in 2024.
  • Provision for Credit Losses: $73 million for Q3 2025, down from $78 million in Q3 2024. $241 million for the nine months ended September 30, 2025, up from $232 million in the same period in 2024.
  • Noninterest Income: $309 million for Q3 2025, up from $283 million in Q3 2024. $884 million for the nine months ended September 30, 2025, up from $818 million in the same period in 2024.
  • Noninterest Expense: $653 million for Q3 2025, up from $614 million in Q3 2024. $1.948 billion for the nine months ended September 30, 2025, up from $1.902 billion in the same period in 2024.
  • Income Before Income Taxes: $665 million for Q3 2025, up from $647 million in Q3 2024. $1.836 billion for the nine months ended September 30, 2025, down from $1.980 billion in the same period in 2024.

Wealth and Asset Management

  • Net Interest Income: $55 million for Q3 2025, up from $50 million in Q3 2024. $161 million for the nine months ended September 30, 2025, down from $162 million in the same period in 2024.
  • Noninterest Income: $109 million for Q3 2025, up from $99 million in Q3 2024. $320 million for the nine months ended September 30, 2025, up from $302 million in the same period in 2024.
  • Noninterest Expense: $93 million for Q3 2025, down from $95 million in Q3 2024. $296 million for the nine months ended September 30, 2025, up from $292 million in the same period in 2024.
  • Income Before Income Taxes: $71 million for Q3 2025, up from $54 million in Q3 2024. $187 million for the nine months ended September 30, 2025, up from $172 million in the same period in 2024.

General Corporate and Other

  • Net Interest Income (FTE): Increased by $121 million for Q3 2025 and by $609 million for the nine months ended September 30, 2025 compared to the same periods in the prior year.
  • Benefit from Credit Losses: $122 million for Q3 2025 and $100 million for the nine months ended September 30, 2025, compared to a provision for credit losses of $6 million and a benefit from credit losses of $165 million for the same periods in the prior year.
  • Noninterest Income: Increased by $31 million for Q3 2025 and by $51 million for the nine months ended September 30, 2025 compared to the same periods in the prior year.
  • Noninterest Expense: Decreased by $8 million for Q3 2025 and by $46 million for the nine months ended September 30, 2025 compared to the same periods in the prior year.

Future Outlook and Strategy

  • Pending Acquisition: On October 5, 2025, Fifth Third Bancorp and Comerica Incorporated entered into a definitive merger agreement. The merger is expected to close at the end of the first quarter of 2026.
  • Redemption of Preferred Stock: On September 30, 2025, the Bancorp redeemed all 14,000 outstanding shares of its 4.500% fixed-rate reset non-cumulative perpetual preferred stock, Series L.
  • Share Repurchase Activity: During the nine months ended September 30, 2025, the Bancorp entered into and settled accelerated share repurchase transactions in the amount of $525 million.
  • Senior Notes Offerings: On January 28, 2025, the Bank issued and sold $700 million of fixed-rate/floating-rate senior notes and $300 million of floating-rate senior notes due on January 28, 2028.
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