The company said net income for Q3 2024 was $573 million, net income available to common shareholders was $532 million, and diluted earnings per share were $0.78. In the prior quarter, net income was $601 million and diluted earnings per share were $0.81.

1. 01

   The company said net income for Q3 2024 was $573 million, net income available to common shareholders was $532 million, and diluted earnings per share were $0.78. In the prior quarter, net income was $601 million and diluted earnings per share were $0.81.

2. 02

   The company said the after-tax impact of certain items for Q3 was $(51), or $(0.07) per diluted share. The items were the valuation of the Visa total return swap at $(36), Mastercard litigation at $(8), and restructuring severance expense at $(7), in $ in millions.

3. 03

   Fifth Third said net interest income (FTE) for Q3 was $1,427 million, up from $1,393 million in the prior quarter, and its net interest margin was 2.90%, compared with 2.88% in the prior quarter. The company cited the repricing benefit on its fixed-rate loan portfolio and moderating deposit costs as factors.

4. 04

   The company said its CET1 ratio for Q3 was 10.75%, up 13 basis points from 10.62% in the prior quarter. In the same quarter, it repurchased $200 million of common stock and raised its quarterly cash dividend to $0.37 per share, an increase of 6%.

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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