Fifth Third Bancorp said net income available to common shareholders for Q1 2025 was $478 million, or $0.71 per diluted share, compared to $480 million, or $0.70 per diluted share, for Q1 2024. Preferred stock dividends were $37 million and $40 million for the two periods, respectively.

1. 01

   Fifth Third Bancorp said net income available to common shareholders for Q1 2025 was $478 million, or $0.71 per diluted share, compared to $480 million, or $0.70 per diluted share, for Q1 2024. Preferred stock dividends were $37 million and $40 million for the two periods, respectively.

2. 02

   The company said net interest income on an FTE basis (non-GAAP) for Q1 2025 was $1.4 billion, increasing $52 million compared to the same period in the prior year, and net interest margin was 3.03% compared to 2.86% for the same period in the prior year. It cited lower rates paid on average interest-bearing liabilities and higher average balances of loans and leases as factors driving the increase in net interest income.

3. 03

   Fifth Third Bancorp said the provision for credit losses for Q1 2025 was $174 million compared to $94 million for the same period in the prior year, and the net charge-off ratio was 0.46% compared to 0.38% for the same period in the prior year. The company said the nonperforming portfolio assets ratio as of March 31, 2025 was 0.81% compared to 0.71% as of December 31, 2024.

4. 04

   During Q1 2025, Fifth Third Bancorp entered into and settled an accelerated share repurchase transaction in the amount of $225 million. The Bank issued and sold senior notes under its bank note program: $700 million of fixed-rate/floating-rate senior notes due January 28, 2028, and $300 million of floating-rate senior notes due January 28, 2025.

Key figures

Quarter ended March 31, 2025

Revenue

$2.4B

Net income

$515M

EPS

$0.71

Operating cash flow

$1.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.