Fifth Third Bancorp : Q1 2025 Fifth Third Bancorp Earnings Conference Call 1Q25 Earnings Presentation

Published: 2025-04-17 11:28:05 ET FITB

Fifth Third Bancorp

1Q25 Earnings Presentation

April 17, 2025

Refer to earnings release dated April 17, 2025 for further information.

Key Messages

Resilient balance sheet delivered stable NII sequentially

Net interest margin expanded for the 5th consecutive quarter

Average loans up 3% sequentially and year-over-year due to growth in commercial and consumer lending

Disciplined expense management; adjusted efficiency ratio1 of 60.5% improved 110 bps compared to 1Q24

For end note descriptions, see end note summary starting on page 43

1Q25 highlights

Reported1

Adjusted1

EPS

ROA

ROE

ROTCE

NIM

Efficiency

ratio

PPNR

CET12

$0.71

0.99%

10.8%

15.2%

3.03%

61.0%

$832MM

10.45%

$0.73

1.02%

11.2%

15.7%

3.03%

60.5%

$850MM

For end note descriptions, see end note summary starting on page 43

Net interest income1

Total net interest income; $ billions

$1.44 $1.44

$1.44

4Q24 to 1Q25 adjusted NII & NIM walk

$1.43 $1.43

NII $ in millions; NIM change in bps

$1.39 $1.40

3.03%

$1.39 $1.39

NII

NIM

4Q24

$1,443

2.97%

Net market rate impact

Loan balances / mix

2.89%

2.90%

Excess cash runoff

Deposit / wholesale funding

2.86%

(9)

(2)

balances / mix

Day count

(21)

1Q25

$1,442

3.03%

1Q24

2Q24

3Q24

4Q24

1Q25

NII

Adjusted NII

Adjusted NIM

For end note descriptions, see end note summary starting on page 43

Noninterest income

Year-over-year

Quarter-over-quarter

$748*

$791*

$717*

$717 *

$721

Total noninterest income; $ millions

$710

$695

$711

$732

$694

1Q24

2Q24

3Q24

4Q24

1Q25

Noninterest income

Adjusted noninterest income (excl. securities gains/losses, net)¹²*

$ millions

1Q25

YoY

Wealth and asset management revenue

$172

Commercial payments revenue

153

(1)%

Consumer banking revenue

137

Capital markets fees

(27)%

(7)%

Commercial banking revenue

(27)%

(6)%

Mortgage banking net revenue

Other noninterest (loss) income

(39)%

Securities (losses) gains, net

(9)

13%

Noninterest income

$694

(5)%

(2)%

Impact of certain items

Adjusted noninterest income

$721

(9)%

(excl. securities gains/losses, net)1,2

For end note descriptions, see end note summary starting on page 43

Noninterest expense

Year-over-year

Quarter-over-quarter

$1,342

$1,244

$1,304

$1,221

$1,226

millions

$1,304

$1,204*

$1,225 *

$1,218

expense; $

61.6%

noninterestTotal

56.8%

60.5%

56.1%

54.7%

1Q24

2Q24

3Q24

4Q24

1Q25

Adjusted noninterest expense¹ Noninterest expense* Adjusted Efficiency Ratio¹

$ millions

1Q25

YoY

Compensation and benefits

$750

13%

Technology and communications

123

Net occupancy expense

(1)%

Equipment expense

14%

Loan and lease expense

(17)%

Card and processing expense

Marketing expense

22%

(13)%

Other noninterest expense

223

(3)%

(16)%

Total noninterest expense

$1,304

(3)%

Impact of certain items

Adjusted noninterest expense¹

$1,304

$ in millions

1Q25

4Q24

1Q24

Non-qualified deferred compensation expense/(benefit),

$(4)

($7)

$11

primarily offset in securities gains/losses

For end note descriptions, see end note summary starting on page 43

Loans

Average loan & lease balances

$ in billions; loan & lease balances excluding HFS

Loan portfolio composition

Average loans

$117.3

$116.9

$116.8

$117.9

$121.3

$44.5

$44.7

$45.1

$45.9

$46.6

6.36%

6.43%

6.48%

6.18%

6.06%

$72.8

$72.2

$71.8

$72.0

$74.7

1Q24

2Q24

3Q24

4Q24

1Q25

Commercial

Consumer

Total loan yield

Period-end loan & lease balances

$ in billions; loan & lease balances excluding HFS

$116.5

$116.6

$116.7

$119.8

$122.2

$44.6

$44.8

$45.5

$46.5

$47.1

$71.9

$71.8

$71.1

$73.3

$75.1

1Q24

2Q24

3Q24

4Q24

1Q25

Commercial

Consumer

Credit card and

Solar energy other installation

Home equity

Indirect secured

consumer 14%

% of Total Loans

Commercial: 62%

Consumer: 38%

14%

Residential

mortgage

15%

Commercial leases

Commercial real

estate

Commercial and

industrial

44%

For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding

Deposits

Average deposit balances

$ in billions

$168.1

$167.2

$164.2

$162.6

$162.4

$163.7

$164.7

$161.8

3.01%

3.04%

3.03%

2.68%

2.42%

1Q24

2Q24

3Q24

4Q24

1Q25

Core Deposits

CDs > $250K

Total interest-bearing

deposit costs

Total cost of deposits

5.50%

5.00%

4.50%

2.28%

2.31%

2.30%

2.04%

1.84%

1Q24

2Q24

3Q24

4Q24

1Q25

Fed Funds Rate

Total Cost of Deposits

Total Deposit Mix

$ in billions

Time Deposits, 8%

Demand, 24%

$164B

Average

Money Market andDeposits

Savings, 33%

Interest checking, 35%

Non Interest-Bearing to Core Deposit Trend (Average)

$ in billions

$162.6

$162.4

$163.7

$164.7

$161.8

$121.8

$122.2

$123.7

$124.6

$122.0

25.1%24.8%24.4%24.3%24.6%

1Q24

2Q24

3Q24

4Q24

1Q25

Interest-Bearing $

Non Interest-Bearing $

Non Interest-Bearing (%)

Note: Totals shown above may not foot due to rounding

Credit quality overview

NPL ratio

NPA ratio1

30-89 days past due as a % of portfolio loans and leases

NCO ratio

ACL ratio as a % of portfolio loans and leases

$ in millions

Nonperforming loans (NPLs)

$966

$823

$708$686

1Q24

2Q24

0.61%

0.52%

0.64%

0.55%

0.29%

0.26%

0.38%

0.49%

2.12%

2.08%

Portfolio loans & leases

30-89 days past due

3Q24

4Q24

1Q25

0.79%

0.59%

0.69%

0.62%

0.81%

0.71%

0.31%

0.24%

0.25%

0.48%

0.46%

2.07%

2.09%

2.08%

Net charge-offs (NCOs)

$606

$342

$385

$302 $283 $303

1Q24

2Q24

3Q24

4Q24

1Q25

1Q24

2Q24

3Q24

4Q24

1Q25

$110

$144

$142

$136

1Q24

2Q24

3Q24

4Q24

1Q25

For end note descriptions, see end note summary starting on page 43

Disclaimer

Fifth Third Bancorp published this content on April 17, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 17, 2025 at 15:27 UTC.