AI English summary of an SEC filing — figures as filed

The company said its net income for Q2 2024 was $601 million, with net income available to common shareholders of $561 million and diluted earnings per share of $0.81. In the prior quarter, net income was $520 million and diluted earnings per share were $0.70.

8-KResults of Operations and Financial ConditionFiled Jul 19, 2024Period of report Jul 19, 2024Summary published (UTC) Oct 27, 2026

Key points

AI summary

The company said its net income for Q2 2024 was $601 million, with net income available to common shareholders of $561 million and diluted earnings per share of $0.81. In the prior quarter, net income was $520 million and diluted earnings per share were $0.70.
Fifth Third said net interest income (FTE) for Q2 was $1,393 million, up $3 million from the prior quarter, and net interest margin was 2.88%, up 2 basis points. Compared with the year-ago quarter, net interest income fell $70 million (5%), and net interest margin was 22 basis points lower, the company said.
The company said it repurchased $125 million of shares on Q2 2024, which reduced common shares outstanding at quarter-end by about 3.5 million shares. It said its estimated CET1 capital ratio was 10.60%, compared with 10.47% in the prior quarter.

Summary

AI-written

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. Some paragraphs were omitted because their support in the source could not be confirmed.

Q2 Net Income and Diluted Earnings Per Share

The company said its net income for Q2 2024 was $601 million, with net income available to common shareholders of $561 million and diluted earnings per share of $0.81. In the prior quarter, net income was $520 million and diluted earnings per share were $0.70.

Source · Based on the filing body and exhibits

Changes in Net Interest Income (FTE) and Net Interest Margin

Fifth Third said net interest income (FTE) for Q2 was $1,393 million, up $3 million from the prior quarter, and net interest margin was 2.88%, up 2 basis points. Compared with the year-ago quarter, net interest income fell $70 million (5%), and net interest margin was 22 basis points lower, the company said.

Source · Based on the filing body and exhibits

CET1 Ratios and $125 million Share Repurchase

The company said it repurchased $125 million of shares on Q2 2024, which reduced common shares outstanding at quarter-end by about 3.5 million shares. It said its estimated CET1 capital ratio was 10.60%, compared with 10.47% in the prior quarter.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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