NASDAQ$FITB

Fifth Third Bancorp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong business outcomes across the franchise, resulting in improved and diversified revenues.

Fifth Third Bancorp reported third quarter 2021 net income of $704 million, or $0.97 per diluted share. The results reflected strong business outcomes and disciplined balance sheet management.

  • Closed acquisition of Provide, a leading fintech company serving healthcare practices.
  • Finalized HSA deposit sale, generating a pre-tax gain of $60 million (noninterest income).
  • Generated consumer household growth of 3% vs. 3Q20.
  • Commercial loan production increased 5% compared to 2Q21; strongest production quarter since 4Q19.

Headline financials

Total Revenue

$2.03B

Previous: $1.89B+7.0%
EPS (adj)

$0.97

Previous: $0.85+14.1%
Efficiency Ratio

57.8%

Previous: 61.3%-5.7%
CET1 Capital Ratio

9.8%

Previous: 10.1%-2.9%
Capital Expenditures

-$224M

Previous: -$235M+4.7%
Free Cash Flow

$480M

Previous: $346M+38.7%
Net Income

$704M

Previous: $581M+21.2%
Operating Income

$1.72B

Previous: $1.47B+17.5%
Gross Profit

$1.98B

Previous: $1.88B+5.6%
Cash & Equivalents

$3.21B

Previous: $3B+7.2%
Total Assets

$208B

Previous: $202B+2.8%
Stock-Based Comp

$21M

Previous: $23M-8.7%

Revenue & EPS history

Fifth Third · Revenue · Quarterly

$2.03B

Q3 2021+7%vs Q3 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Fifth Third · $376M total across 2 segments · Q3 2021

  • Commercial Banking
    $362M+13.8%
  • Wealth & Asset Mgmt
    $14M

Forward guidance

Fifth Third expects positive momentum to carry forward in the fourth quarter and beyond.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.3%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+3.0%

Avg return

30 days after

58%

42 / 73 earnings

Positive

+6.8%

Q1 2024

Best reaction

-12.1%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+0.9%+2.1%-4.4%
Q1 2026-0.5%+2.1%-4.4%
Q3 2025+1.2%+3.3%+5.5%
Q2 2025+0.5%-0.4%+6.0%
Q1 2025-0.7%+0.7%+15.2%
Q4 2024-0.9%-0.4%-1.6%
Q3 2024-4.4%-3.3%+3.6%
Q2 2024+1.6%+1.9%+1.1%
Q1 2024+6.8%+8.8%+12.7%
Q4 2023+4.0%+4.4%+2.1%
Q3 2023-5.5%-6.7%+11.9%
Q2 2023-0.9%-1.6%-10.2%
Q1 2023-1.9%-8.4%-10.4%
Q4 2022+5.8%+7.4%+12.9%
Q3 2022-0.7%+6.3%+7.1%
Q2 2022-3.1%-4.4%+5.3%
Q1 2022+4.1%-1.6%-8.8%
Q4 2021-6.1%-6.4%+0.5%
Q3 2021+3.5%+3.3%+0.2%
Q2 2021-3.0%-1.4%+2.0%
Q1 2021-1.3%+1.2%+9.7%
Q4 2020-1.4%-5.0%+10.2%
Q3 2020+3.9%-2.5%+7.6%
Q2 2020+0.6%-0.8%+0.7%
Q1 2020-1.1%+2.6%+4.6%
Q4 2019+1.2%-1.8%+1.3%
Q3 2019+0.9%+3.7%+6.3%
Q2 2019+6.6%+8.0%-7.3%
Q1 2019+2.6%+3.0%-2.0%
Q4 2018+2.1%+2.9%+2.7%
Q3 2018-1.6%+1.9%+5.6%
Q2 2018-5.8%-3.0%-1.8%
Q1 2018+5.0%+6.0%-0.5%
Q4 2017+1.7%+1.8%+0.3%
Q3 2017+0.5%+2.3%-0.0%
Q2 2017+3.7%+2.7%+3.3%
Q1 2017-1.4%-3.6%-3.4%
Q4 2016+1.5%+1.0%+3.7%
Q3 2016+3.4%+3.7%+25.1%
Q2 2016+1.8%-0.4%+5.6%
Q1 2016+1.3%
Q4 2015-3.6%
Q3 2015-3.9%
Q2 2015+1.5%
Q1 2015+4.0%
Q4 2014-0.9%
Q3 2014-2.4%
Q2 2014-5.1%
Q1 2014-5.2%
Q4 2013-2.7%
Q3 2013+4.8%
Q2 2013+0.2%
Q1 2013+3.8%
Q4 2012+5.3%
Q3 2012-0.7%
Q2 2012-0.9%
Q1 2012+0.6%
Q4 2011+0.7%
Q3 2011-3.8%
Q2 2011-12.1%
Q1 2011+1.3%
Q4 2007-4.5%
Q4 2010-4.5%
Q3 2010-1.2%
Q2 2010+2.4%
Q1 2009+5.7%
Q1 2010+2.4%
Q4 2009+0.3%
Q3 2008+5.5%
Q3 2009+5.5%
Q2 2008+0.8%
Q2 2009+0.8%
Q4 2008+0.8%

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