From Financial Modeling Prep: 2025-04-17 14:17:00

Fifth Third Bancorp (NASDAQ:FITB) exceeded Q1 earnings expectations with $0.73 per share, beating the estimated $0.71. Revenue of $2.14 billion fell slightly short but was supported by stable interest income. Net interest income rose 4% YoY to $1.44 billion, with a net interest margin of 3.03%, up six basis points from Q4.

Average loans grew 3% to $121.3 billion, driven by commercial and consumer segments. Average deposits decreased 2% to $164.2 billion. Credit metrics remained stable, with net charge-offs at 0.46% and an allowance for credit losses of 2.07%. The CET1 capital ratio slightly decreased to 10.45% due to loan expansion.



Read more at Financial Modeling Prep:: Fifth Third Beats Q1 Profit Forecast