STOCK TITAN
  1. Home
  2. News
  3. FITB

Fifth Third Announces First Quarter 2021 Results

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

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 macroeconomic environment and strong credit results; NPA ratio improved 7 bps sequentially
  • NII(a) down 1%; reported NIM(a) increased 4 bps, with ~4 bps decline in underlying NIM excl. excess cash and all PPP impacts(f)
  • Named one of the "World's Most Ethical Companies" by Ethisphere
  • Exceeded five-year commitment to low-and-moderate income communities by more than $9 billion

 

 

 

 

 

 

 

 

 

Key Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ millions for all balance sheet and income statement items

 

 

 

 

 

 

1Q21

4Q20

1Q20

 

 

 

 

 

 

 

 

 

Income Statement Data

 

 

Stock FITB logo
Fifth Third Bancorp

NASDAQ:FITB

FITB Rankings

#426 Ranked by Market Cap
#4144 Ranked by Stock Gains
#911 Ranked by Dividends

FITB Latest News

FITB Stock Data

Commercial Banking
Finance and Insurance
Link
Finance, Regional Banks, Finance and Insurance, Commercial Banking
US
Cincinnati

About FITB

at fifth third bank, we are always listening to new ideas so that we can strengthen our commitment to you and the communities we serve. fifth third bank, member fdic. fifth third bank is proud to be an affirmative action/equal opportunity employer. m/f/d/v