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Fifth Third Bancorp Reports Fourth Quarter 2025 Diluted Earnings Per Share of $1.04
Fifth Third Bancorp (NASDAQ: FITB):
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| Key Financial Data |
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| Key Highlights | ||
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| $ in millions for all balance sheet and income statement items |
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| 4Q25 |
| 3Q25 |
| 4Q24 |
| Stability:
Profitability:
Growth:
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| Income Statement Data |
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| Net income available to common shareholders | $699 |
| $608 |
| $582 |
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| Net interest income (U.S. GAAP) | 1,529 |
| 1,520 |
| 1,437 |
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| Net interest income (FTE)(a) | 1,533 |
| 1,525 |
| 1,443 |
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| Noninterest income | 811 |
| 781 |
| 732 |
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| Noninterest expense | 1,309 |
| 1,267 |
| 1,226 |
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| Per Share Data |
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| Earnings per share, basic | $1.05 |
| $0.91 |
| $0.86 |
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| Earnings per share, diluted | 1.04 |
| 0.91 |
| 0.85 |
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| Book value per share | 30.18 |
| 29.26 |
| 26.17 |
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| Tangible book value per share(a) | 22.60 |
| 21.66 |
| 18.69 |
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| Balance Sheet & Credit Quality |
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| Average portfolio loans and leases | $123,430 |
| $123,326 |
| $117,860 |
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| Average deposits | 168,384 |
| 164,754 |
| 167,237 |
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| Accumulated other comprehensive loss | (3,110) |
| (3,276) |
| (4,636) |
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| Net charge-off ratio(b) | 0.40 | 1.09 | 0.46 | ||||||
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| Nonperforming asset ratio(c) | 0.65 |
| 0.65 |
| 0.71 |
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| Financial Ratios |
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| Return on average assets | 1.36 | 1.21 | 1.17 | ||||||
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| Return on average common equity | 14.0 |
| 12.6 |
| 13.0 |
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| Return on average tangible common equity(a) | 19.0 |
| 17.3 |
| 18.4 |
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| CET1 capital(d)(e) | 10.77 |
| 10.57 |
| 10.57 |
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| Net interest margin(a) | 3.13 |
| 3.13 |
| 2.97 |
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| Efficiency(a) | 55.8 |
| 54.9 |
| 56.4 |
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Other than the Quarterly Financial Review tables beginning on page 14, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis. | |||||||||
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| From Tim Spence, Fifth Third Chairman, CEO and President: |
Fifth Third delivered strong operating results in the fourth quarter and for the full year. In 2025, we produced record NII, generated profitable relationship growth and diligently managed our expenses, generating 230 bps of positive operating leverage. Our strong profitability allowed us to return $1.6 billion of capital to our shareholders while maintaining strong capital ratios and increasing tangible book value per share 21% compared to last year.
Our consistent investment and focus on growth priorities continue to drive strong results. In 2025, we opened 50 branches in our high-growth Southeast markets and grew consumer households by 2.5%. We generated record quarterly revenue in our Wealth & Asset Management business, and assets under management increased 16% year-over-year to $80 billion.
Years of disciplined execution on strategic initiatives have positioned us to deliver sustained profitability as we integrate Comerica. With shareholder and regulatory approvals secured, we expect the transaction to close on February 1, 2026. We remain confident in our ability to achieve the expected financial synergies from the pending acquisition, and the result will be a Fifth Third that is better and not just bigger.
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| Income Statement Highlights |
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| ($ in millions, except per share data) | For the Three Months Ended |
| % Change | |||||||
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| December |
| September |
| December |
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| 2025 |
| 2025 |
| 2024 |
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| Condensed Statements of Income |
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| Net interest income (NII)(a) | $1,533 |
| $1,525 |
| $1,443 |
| 1% |
| 6% | |
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| Provision for credit losses | 119 |
| 197 |
| 179 |
| (40)% |
| (34)% | |
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| Noninterest income | 811 |
| 781 |
| 732 |
| 4% |
| 11% | |
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| Noninterest expense | 1,309 |
| 1,267 |
| 1,226 |
| 3% |
| 7% | |
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| Income before income taxes(a) | $916 |
| $842 |
| $770 |
| 9% |
| 19% | |
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| Taxable equivalent adjustment | $4 |
| $5 |
| $6 |
| (20)% |
| (33)% | |
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| Applicable income tax expense | 181 |
| 188 |
| 144 |
| (4)% |
| 26% | |
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| Net income | $731 |
| $649 |
| $620 |
| 13% |
| 18% | |
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| Dividends on preferred stock | 32 |
| 41 |
| 38 |
| (22)% |
| (16)% | |
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| Net income available to common shareholders | $699 |
| $608 |
| $582 |
| 15% |
| 20% | |
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| Earnings per share, diluted | $1.04 |
| $0.91 |
| $0.85 |
| 14% |
| 22% | |
Fifth Third Bancorp (NASDAQ®: FITB) today reported fourth quarter 2025 net income available to common shareholders of $699 million, or $1.04 per diluted share, compared to $608 million, or $0.91 per diluted share, in the prior quarter and $582 million, or $0.85 per diluted share, in the year-ago quarter.
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| Diluted earnings per share impact of certain item(s) - 4Q25 |
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| (after-tax impact; $ in millions, except per share data) |
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| Fifth Third Foundation contribution(f) | $(38) |
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| Merger-related expenses(f)1 | (13) |
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| Interchange litigation matters(f)2 | (8) |
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| Benefit related to the resolution of certain tax matters | 7 |
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| Litigation settlements (noninterest income)(f) | 9 |
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| FDIC special assessment (noninterest expense)(f) | 19 |
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| After-tax impact of certain item(s) | $(24) |
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| Diluted earnings per share impact of certain item(s)3 | $(0.04) |
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| Totals may not foot due to rounding; 1A portion of the adjustments related to merger-related expenses are not tax-deductible; 2Interchange litigation matters decreased noninterest income by $8 million and increased noninterest expense by $3 million; 3Diluted earnings per share impact reflects 669.153 million average diluted shares outstanding |
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Full year 2025 net income available to common shareholders was $2.4 billion, or $3.53 per diluted share, compared to full year 2024 net income available to common shareholders of $2.2 billion, or $3.14 per diluted share.
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| Net Interest Income | |||||||||||||||||||||
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| (FTE; $ in millions)(a) | For the Three Months Ended |
| % Change |
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| 2024 |
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| Interest Income |
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| Interest income | 2,472 |
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| 2,524 |
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| 2,534 |
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| Interest expense |
| 939 |
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| 999 |
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| 1,091 |
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| (6 |
| (14 |
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| Net interest income (NII) | 1,533 |
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| 1,525 |
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| 1,443 |
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| 1 |
| 6 |
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| Average Yield/Rate Analysis |
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| bps Change |
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| Yield on interest-earning assets |
| 5.05 |
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| 5.18 |
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| 5.21 |
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| (13 |
| (16 |
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| Rate paid on interest-bearing liabilities |
| 2.60 |
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| 2.77 |
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| 3.00 |
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| (17 |
| (40 |
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| Ratios |
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| Net interest rate spread |
| 2.45 |
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| 2.41 |
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| 2.21 |
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| 4 |
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| 24 |
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| Net interest margin (NIM) |
| 3.13 |
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| 3.13 |
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| 2.97 |
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| 16 |
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Fully taxable-equivalent (FTE) NII of $1.533 billion increased $8 million, or 1%, compared to the prior quarter. This improvement primarily reflects deposit and wholesale funding management actions decreasing the cost of interest-bearing liabilities, partially offset by lower loan yields due to the impact of market rates on floating rate loans. These same factors, coupled with higher average other short-term investments (including interest-bearing cash), contributed to the flat NIM in the quarter.
Compared to the year-ago quarter, NII increased $90 million, or 6%, and NIM increased 16 bps. This improvement was due to the benefits from proactive deposit and wholesale funding management decreasing interest-bearing liabilities costs by 40 bps and the benefit of fixed-rate asset repricing, which combined more than offset the 16 bps decrease in interest-earning asset yields.
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| Noninterest Income |
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| ($ in millions) | For the Three Months Ended | % Change |
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| December | September | December |
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| 2025 | 2025 | 2024 | Seq | Yr/Yr |
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| Noninterest Income |
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| Wealth and asset management revenue | $185 | $181 | $163 | 2% | 13% |
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| Commercial payments revenue | 167 | 157 | 155 | 6% | 8% |
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| Consumer banking revenue | 143 | 144 | 137 | (1)% | 4% |
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| Capital markets fees | 121 | 115 | 123 | 5% | (2)% |
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| Commercial banking revenue | 102 | 87 | 109 | 17% | (6)% |
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| Mortgage banking net revenue | 56 | 58 | 57 | (3)% | (2)% |
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| Other noninterest income (loss) | 42 | 29 | (4) | 45% | NM |
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| Securities (losses) gains, net | (5) | 10 | (8) | NM | (38)% |
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| Total noninterest income | $811 | $781 | $732 | 4% | 11% |
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Noninterest income of $811 million increased $30 million, or 4%, from the prior quarter and increased $79 million, or 11%, from the year-ago quarter. The reported results reflect the impact of certain items in the table below, including securities gains/losses which incorporate mark-to-market impacts from securities associated with non-qualified deferred compensation plans that are offset in noninterest expense.
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| Noninterest Income excluding certain items | |||||||||||||
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| ($ in millions) | For the Three Months Ended |
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| % Change |
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| December |
| September |
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| December |
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| 2025 |
| 2025 |
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| 2024 |
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| Noninterest Income excluding certain items |
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| Noninterest income (U.S. GAAP) | $811 |
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| $781 |
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| $732 |
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| Interchange litigation matters | 8 |
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| 18 |
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| 51 |
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| Litigation settlements | (12) |
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