Fifth Third Bancorp (NASDAQ: FITB) announced financial results for the third quarter of 2024, reporting a decline in earnings.
- The company reported net income available to shareholders of $532 million for the third quarter, down 15% year-over-year
- On a per-share basis, September-quarter earnings dropped to $0.78 from $0.91 in Q3 2023
- Tangible book value per share rose sharply to $20.20 in Q3 from $13.76 in the same period last year
- Q3 net interest income edged down to $1.42 billion from $1.45 billion in the comparable quarter of 2023
- Non-interest income was $711 million in the September quarter, compared to $715 million in the prior year quarter
- Third-quarter average deposits increased to $167.2 billion from $165.6 billion in the same period last year
- The company generated consumer household growth of 3% in Q3 compared to 3Q23
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Procter & Gamble (PG) Q1 2025 Earnings: Key financials and quarterly highlights
The Procter & Gamble Company (NYSE: PG) reported its first quarter 2025 earnings results today. Net sales were $21.7 billion, down 1% year-over-year. Organic sales increased 2%. Net earnings attributable
AXP Earnings: All you need to know about American Express’ Q3 2024 earnings results
American Express Company (NYSE: AXP) reported its third quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, were $16.6 billion, up 8% from the same period a
Netflix (NFLX) Q3 earnings beat Street View; subscribers grow 14%
Netflix, Inc. (NASDAQ: NFLX) on Thursday reported higher revenues and profit for the third quarter, as the streaming giant's subscriber base continued to expand. Both earnings and the top line
