NASDAQ:FITB - Nasdaq - US3167731005 - Common Stock - Currency: USD
FITB's Q4 2024 earnings benefit from an increase in NII, loan balance and strong capital position. Yet, weak asset quality remains a concern.
While the top- and bottom-line numbers for Fifth Third Bancorp (FITB) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
During the fourth quarter, the bank reported adjusted earnings of $0.90 per share, excluding charges of $0.05 per share. Analysts were expecting an adjusted profit of $0.87 per share.
Mentions: KR
Expectations of additional rate cuts and business-friendly policies under President Donald Trump have fueled optimism for a further revival in investment banking. Fifth Third Bancorp's capital markets fees jumped 16% from the year earlier to $123 million, while its wealth and asset management revenue rose 11% to $163 million. Fifth Third's net interest income (NII), the difference between what banks pay customers on deposits and earn as interest on loans, rose 1.5% to $1.44 billion.
Fifth Third Bancorp (FITB) delivered earnings and revenue surprises of 3.45% and 1.96%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?