FITB Earnings Prediction
The chart below shows how FITB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FITB sees a -3.70% change in stock price 10 days leading up to the earnings, and a -0.38% change 10 days following the report. On the earnings day itself, the stock moves by +1.00%. This data can give you a slight idea of what to expect for the next quarter's release.
FITB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.06B
-1.05%
1.98%
Gross Margin
--
--
--
Operating Margin
35.11%
-13.29%
-6.70%
Net Margin
27.75%
-12.24%
-6.50%
EPS
0.78
-14.29%
-3.70%
No Data Available
FITB Earnings Analysis
Fifth Third Bancorp Corporation (FITB.O) Earnings Conference Call
Positive
Earnings Per Share Performance: Earnings per share reached $0.78, or $0.85 excluding certain items, exceeding prior guidance and reflecting strong profitability.
Superior Return on Equity: Return on equity was reported at 12.8%, the highest among peers, demonstrating superior performance and stability.
Retail Deposit Growth: Retail deposits grew nearly 16% year over year, with significant market share gains in 14 of 15 focus MSAs in the Southeast.
Record Revenue Growth: Wealth and Asset Management business achieved record quarterly revenues, growing by 12% year over year, with total assets under management increasing by $12 billion, or 21%.
Dividend Increase and Share Repurchase: A common dividend increase of 6% to $0.37 per share was announced, alongside $200 million in share repurchases, while maintaining a strong CET1 ratio of 10.8%.
Negative
Stagnant Loan Growth: Net interest income (NII) was flat sequentially, indicating a stagnation in loan growth despite a 2% increase in net interest margin, suggesting underlying challenges in loan demand.
Consumer Loan Portfolio Growth: Average total consumer portfolio loans and leases increased by only 1% from the prior quarter, primarily due to indirect auto originations, highlighting limited growth in other consumer lending areas.
Commercial Loan Decrease: Commercial portfolio average loans decreased by 1%, primarily due to increased pay downs and a decline in revolver utilization, reflecting a cautious borrowing environment among businesses.
Consumer Loan Charge-Offs Increase: Net charge-offs for consumer loans increased to 62 basis points, up 5 basis points from the previous quarter, indicating potential credit quality deterioration in the consumer segment.
Rising Non-Performing Assets: Non-performing assets (NPAs) increased by $82 million during the quarter, with commercial NPAs rising by $60 million, suggesting emerging credit risks in the commercial lending portfolio.
FITB FAQs
How does FITB typically perform around its earnings report dates?
Is Earnings call transcript: Fifth Third Bancorp Q3 2024 misses EPS expectations positive or negative?
How can historical earnings data help predict future stock performance?
FITB Earning Call Sentiment
Earnings call transcript: Fifth Third Bancorp Q3 2024 misses EPS expectations
FITB.O
1.14%Positive
The earnings call presents a generally positive outlook with strong financial performance, including increases in net interest income, retail deposits, and commercial payments revenue. The company plans to continue share repurchases and has increased dividends, which are typically favorable for stock prices. The Q&A section reveals confidence in credit stabilization and growth opportunities, although some management responses were vague. Overall, the combination of strong metrics and optimistic guidance suggests a positive sentiment, likely leading to a stock price increase in the short term.
