Fifth Third said net income for Q4 2023 was $530 million, down from $660 million in the prior quarter and $737 million a year earlier. Net income available to common shareholders was $492 million, and diluted earnings per share were $0.72.

1. 01

   Fifth Third said net income for Q4 2023 was $530 million, down from $660 million in the prior quarter and $737 million a year earlier. Net income available to common shareholders was $492 million, and diluted earnings per share were $0.72.

2. 02

   The company said the after-tax impact of certain items in Q4 2023 was $(188) million, or $(0.27) per diluted share. Of this, the after-tax impact of the FDIC special assessment was $(172) million, and the related noninterest expense was $224 million.

3. 03

   Fifth Third said net interest income (FTE) for Q4 2023 was $1,423 million, down $22 million, or 2%, from the prior quarter and down $159 million, or 10%, from a year earlier. The net interest margin was 2.85%, down 13 basis points from the prior quarter.

4. 04

   The company said its estimated CET1 capital ratio at Q4 2023 was 10.29%, up from 9.80% in the prior quarter. It also said it did not repurchase shares in the same quarter.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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