Fifth Third Bancorp (FITB) Tops Q1 EPS by 24c

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Go back to Fifth Third Bancorp (FITB) Tops Q1 EPS by 24c

Fifth Third Announces First Quarter 2021 Results

April 20, 2021 6:30 AM EDT

Reported diluted earnings per share of $0.93

CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (NASDAQ®: FITB):

Key Highlights

Returned $180 million to shareholders through repurchases; capacity to repurchase up to $347 million in 2Q21 ROTCE(a) of 16.8%; adjusted ROTCE(a) of 19.8% excl. AOCI improved 150 bps sequentially Produced record commercial banking revenue Generated consumer household growth of 3% compared to 1Q20 Historically low NCO ratio reflecting improvements in commercial and consumer Benefit to credit losses and resulting reserve coverage reflects improved... More