NASDAQ$FITB
Fifth Third Bancorp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported diluted earnings per share of $0.72, driven by strong capital accretion and deposit growth.
Fifth Third Bancorp reported a net income of $530 million for Q4 2023, with diluted earnings per share of $0.72. The results reflect a decrease compared to the previous quarter and year-ago quarter, impacted by certain items including an FDIC special assessment. However, the company saw growth in average deposits and CET1 capital.
- Average deposits increased 2% compared to the previous quarter and 5% compared to the year-ago quarter.
- CET1 capital increased 49 bps sequentially to 10.29%, driven by strong earnings and balance sheet optimization.
- Net charge-off ratio declined 9 bps compared to the prior quarter.
- Opened 19 branches during the quarter, with 18 in high-growth Southeast markets, and generated consumer household growth of 3% compared to the prior year.
Headline financials
Revenue & EPS history
Fifth Third · Revenue · Quarterly
$2.17B
Revenue by segment
Fifth Third · $474M total across 2 segments · Q1 2023
- Commercial Banking$336M+2.8%70.9%
- Wealth & Asset Mgmt$138M-4.2%29.1%
Forward guidance
While the economic and regulatory environments remain uncertain, Fifth Third remains well positioned to navigate potential economic and regulatory outcomes, focusing on stability, profitability, and growth.
Tailwinds
- Strong operating results in 2023.
- Record revenue generation.
- Prudent expense management.
- Disciplined credit risk management.
- Successful completion of risk-weighted assets initiative.
Headwinds
- Challenging economic environment.
- Uncertain regulatory landscape.
- Potential economic outcomes.
- Potential regulatory outcomes.
- Continued investment in businesses required.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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