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- **$290B Category III Bank Creation**: Merger with Comerica to close Q1 2026, targeting 19%+ ROTCE.
- **Strong Q3 Performance**: 7% NII growth, 11% PPNR growth, 54.1% efficiency ratio.
- **Expansion Momentum**: 13 new Southeast branches (7% household growth), 60 Texas branches planned.
- **Fraud Impact**: $200M provision for Tricolor, no contagion risk in NDFI portfolio.
- **Deposit Strength**: 1.93% cost in Southeast, 25M/A branch deposits vs. 12M/A industry.
- **Credit Resilience**: 52bps NCOs (ex-Triple), 65bps NPA ratio, stable consumer delinquencies.

**【CEO Summary Section】**
- Announced merger with Comerica, expected to close by Q1 2026, creating a $290B Category III bank. 
- Q3 EPS of $0.93 (excluding fraud), with $200M provision for Tricolor fraud.
- 6% YoY loan growth, 3% deposit growth, 11% PPNR growth.
- Efficiency ratio 54.1%, ROA 1.25%, ROTCE 17.7%.
- Southeast expansion: 13 new branches, 7% household growth vs. 1.5% market.
- Texas expansion: 60 new branches, targeting 17 fast-growing metros.
- Middle market loans +6%, wealth AUM $77B, +11% fees.
- Newline payments deposits $3.9B, +31% YoY.

**【CFO Financial Commentary】**
- Q3 NII +7% YoY, +2% QoQ, driven by repricing and loan growth.
- Fee income +5% YoY, +7% QoQ, led by wealth (+11%), capital markets (+28%).
- Pre-provision net revenue +11% YoY, 330bps operating leverage.
- Deposit beta 60% on first 100bps rate cuts, targeting 30-50% beta in 2026.
- 2026 outlook: NII stable to +1%, PPNR +7-8%, CET1 10.5%.
- Share buybacks paused until merger close.

**【Q&A Highlights】**
- **Comerica Integration**: 
  - 60%+ cost synergies from 2026E, 19%+ ROTCE target.
  - Texas branches to leverage Fifth Third's payments platform.
  - Direct Express program to simplify for 3.4M participants.
- **Credit Quality**: 
  - NCOs 52bps (ex-Triple), guiding to 40bps in Q4.
  - NPA ratio 65bps, down 30% YoY.
  - Consumer delinquencies at pre-COVID levels.
- **Deposit Strategy**: 
  - 1.93% cost in Southeast vs. 2.35% industry average.
  - 25M/A branch deposits in Southeast vs. 12M/A industry.
- **Regulatory Update**: 
  - S-4 filing expected soon, targeting Q1 2026 close.
  - OCC accelerating charter approvals supports timeline.


Fifth Third Bancorp (FITB) Q3 2025 Earnings Call Transcript

- **Revenue Outperformance**: 6% YoY adjusted revenue growth, 250bps operating leverage, and 18% TBV growth highlight strong execution.
- **Credit Resilience**: Net charge-offs at 45bps (vs. 46bps prior quarter), NPAs down 11%, with commercial NPA decline of 18%.
- **NII Guidance Raise**: Full-year NII growth target increased to 5.5-6.5%, driven by fixed rate repricing and loan momentum.
- **Share Buybacks Resumed**: $400-500M repurchase plan for 2025, reflecting confidence in balance sheet flexibility.
- **Southeast Expansion**: 40 new branches by year-end, with de novo branches exceeding 25M deposit targets within 12 months.


**【CEO Summary Section】**
- **Revenue Growth**: Adjusted revenues rose 6% YoY, driven by 7% NII growth and 10% PPNR increase. Efficiency ratio improved to 55.5%, with 250bps positive operating leverage.
- **Credit Strength**: Net charge-offs at 45bps (vs. 46bps prior quarter), NPAs down 11% sequentially. Early delinquencies near historical lows.
- **Strategic Investments**: Southeast expansion with 40 new branches by year-end; Provide fintech platform records production. Home equity market share #2 in footprint.
- **Guidance Update**: Full-year NII guidance raised to 5.5-6.5% growth. Resuming share buybacks in Q3, targeting $400-500M for 2025.

**【CFO Financial Commentary】**
- **Net Interest Income**: Q2 NII up 7% YoY, 4% QoQ. Excluding a $14M NPL payoff, NII still grew 6% YoY. NIM expanded 9bps sequentially to 3.12%.
- **Deposit Management**: Core deposits stable, DDA up 3% QoQ. Deposit cost down 3bps QoQ, 65bps YoY. Nonrelationship broker deposits reduced by $4B+.
- **Fee Performance**: Noninterest income up 8% YoY, driven by 30% growth in Newline payments fees. Wealth AUM up 16% YoY in Southeast.
- **Expense Control**: Adjusted noninterest expense up 4% YoY but down 5% QoQ. Savings from value stream programs offset tech and branch investments.

**【Q&A Key Highlights】**
- **Capital Allocation**: Organic growth prioritized over M&A. Share buybacks resuming in Q3, but loan growth remains focus.
- **Commercial Loan Growth**: Middle market pipeline up 50% QoQ. C&I and CRE origination strength in Southeast offset tepid industry demand.
- **Stablecoins Impact**: Newline platform well-positioned for cross-border stablecoin transactions. Domestic payments impact seen as limited.
- **Regulatory Relief**: Expect benefits from stress test relief and Basel III reforms. Regional banks may gain capital flexibility.
- **Solar Lending**: 2026 originations expected to drop 70-80% due to tax credit phaseout. Shifting to home equity product for 2026+ growth.


Fifth Third Bancorp (FITB) Q2 2025 Earnings Call Transcript

- **Q1 Results Exceeded Expectations**: EPS of $0.71, PPNR +5%, ROE 11.2%, and 3% loan growth highlight strong execution.
- **NII Growth Accelerating**: 4% YoY expansion driven by margin improvements and disciplined balance sheet management.
- **Credit Resilience**: 2.7% ACL coverage ratio and stable charge-offs reflect prudent risk management.
- **2025 Growth Ambitions**: Target 10%+ tangible book value growth and record NII, even in adverse scenarios.
- **Strategic Flexibility**: Diversified fee streams, Southeast expansion, and adaptive balance sheet positioning for macro volatility.

**【CEO Opening Remarks】**
- **Q1 2025 Financial Highlights**: Reported EPS of $0.71 (vs. $0.73 excluding items), surpassing consensus estimates. PPNR grew 5% YoY, with adjusted ROE at 11.2%.
- **Loan Growth**: Total loans increased 3% YoY, driven by middle market C&amp;I, leasing, and consumer secured lending.
- **Net Interest Income (NII)**: Expanded 4% YoY, with net interest margin rising for the 5th consecutive quarter.
- **Credit Quality**: Charge-off rate stable; ACL coverage ratio at 2.7%, among highest peers.
- **Fee Income Diversification**: 5 fee categories each contributing >10% of total fees, mitigating capital markets volatility.
- **Future Outlook**: 
  - Target record NII within existing rate guidance, even without loan growth.
  - Maintain full-year positive operating leverage despite potential capital markets weakness.
  - Expect 10%+ tangible book value growth via AOCI accretion and earnings.
- **Capital Allocation**: Prioritize organic growth, dividend, and share buybacks.
- **Resilience Strategy**: Diversified balance sheet, flexible origination platforms, and proactive risk management to navigate macro uncertainty.

Fifth Third Bancorp (FITB)-17 Apr 25-2025 Q1 Earnings call transcript

- **Record Q4 Performance**: EPS beat expectations, ROE 13.7% vs. peers; 2024 full-year guidance met across NII, fees, and PPNR.
- **2025 Growth Outlook**: 5-6% NII growth, 3-4% loan growth, 4%+ revenue growth, and 2%+ operating leverage.
- **Middle Market Momentum**: Loans up 70% YoY, pipelines at record levels; 60 new Southeast branches planned for 2025.
- **Credit Stability**: NCO ratio 46bps, ACL coverage 2.08%; 2025 NCO guidance 40-49bps.
- **Deposit Efficiency**: 59% beta in Q4; 2025 deposit costs to remain disciplined amid loan growth.
- **Client Optimism**: 80% of clients more optimistic on 2025; labor availability top concern for middle market.

**【CEO Summary Section】**
- Reported EPS of $0.85 (excluding items) exceeded guidance, with adjusted ROE of 13.7%, leading peers.
- Q4 revenue grew 2% YoY, driven by $1B+ core PPNR and 54.7% efficiency ratio.
- Full-year NII, fees, and PPNR met 2024 guidance, with ROA of 1.17% and CET1 ratio up 20bps.
- Southeast deposit growth of 6% and 2.3% household growth; 31 new branches opened in 2024, 60 planned for 2025.
- Middle market loans up 70% YoY, C&amp;I pipelines at record levels; Wealth AUM up 17% to $69B.
- 2025 outlook: 5-6% NII growth, 3-4% loan growth, 4%+ revenue growth, and positive operating leverage.

**【CFO Financial Commentary】**
- Q4 NII $1.4B (+1% QoQ), NIM +7bps to 2.97%, cost of deposits down 35bps.
- Loan growth 3% QoQ, driven by C&amp;I and auto; deposits up 1% QoQ, core beta 59%.
- Fee income up 5% YoY, with Commercial Payments +7%, Capital Markets +16%.
- Expenses +1% QoQ, with $150M+ annualized savings from lean initiatives.
- Credit: NCO ratio 46bps, ACL coverage 2.08%; 2025 NCO guidance 40-49bps.
- CET1 10.5%, with AOCI impact at 8.1%, up 32bps YoY; $225M Q1 share buybacks.

**【Q&A Highlights】**
- **Loan Growth**: Middle market pipelines at record levels; 2025 C&amp;I growth expected to outpace HA.
- **Deposit Rates**: 59% beta in Q4; 2025 deposit costs to remain disciplined amid loan growth.
- **Capital Management**: CET1 target 10.5%; AOCI to improve as 60% of AFS in bullet/locked-out securities.
- **Market Trends**: 80% of clients more optimistic on 2025; labor availability top concern for middle market.
- **Fees**: Commercial Payments 40% of new relationships without credit; Wealth AUM-driven growth.
- **Regulatory Outlook**: Potential shift in regulation could unlock new opportunities in 2025.

Fifth Third Bancorp (FITB) Q4 2024 Earnings Call Transcript

Fifth Third Bancorp (FITB)-18 Oct 24-2024 Q3 Earnings call transcript

Fifth Third Bancorp (FITB)-19 Jul 24-2024 Q2 Earnings call transcript

Fifth Third Bancorp (FITB)-19 Apr 24-2024 Q1 Earnings call transcript

Fifth Third Bancorp (FITB)-19 Jan 24-2023 Q4 Earnings call transcript

Fifth Third Bancorp (FITB)-19 Oct 23-2023 Q3 Earnings call transcript

Fifth Third Bancorp (FITB)-20 Jul 23-2023 Q2 Earnings call transcript

Fifth Third Bancorp (FITB)-20 Apr 23-2023 Q1 Earnings call transcript

Fifth Third Bancorp (FITB)-19 Jan 23-2022 Q4 Earnings call transcript

Fifth Third Bancorp (FITB)-20 Oct 22-2022 Q3 Earnings call transcript

Fifth Third Bancorp (FITB)-21 Jul 22-2022 Q2 Earnings call transcript

Fifth Third Bancorp (FITB)-19 Apr 22-2022 Q1 Earnings call transcript

Fifth Third Bancorp (FITB)-20 Jan 22-2021 Q4 Earnings call transcript

Fifth Third Bancorp (FITB)-19 Oct 21-2021 Q3 Earnings call transcript

Fifth Third Bancorp (FITB)-22 Jul 21-2021 Q2 Earnings call transcript

Fifth Third Bancorp (FITB)-20 Apr 21-2021 Q1 Earnings call transcript

Fifth Third Bancorp (FITB)-21 Jan 21-2020 Q4 Earnings call transcript

Fifth Third Bancorp (FITB)-22 Oct 20-2020 Q3 Earnings call transcript

Fifth Third Bancorp (FITB)-23 Jul 20-2020 Q2 Earnings call transcript

Fifth Third Bancorp (FITB)-21 Apr 20-2020 Q1 Earnings call transcript

Fifth Third Bancorp (FITB)-22 Jan 20-2019 Q4 Earnings call transcript

Fifth Third Bancorp (FITB)-22 Oct 19-2019 Q3 Earnings call transcript

Fifth Third Bancorp (FITB)-23 Jul 19-2019 Q2 Earnings call transcript

Fifth Third Bancorp (FITB)-23 Apr 19-2019 Q1 Earnings call transcript

Fifth Third Bancorp (FITB)-22 Jan 19-2018 Q4 Earnings call transcript

Fifth Third Bancorp (FITB)-23 Oct 18-2018 Q3 Earnings call transcript

Fifth Third Bancorp (FITB)-19 Jul 18-2018 Q2 Earnings call transcript

Fifth Third Bancorp (FITB)-24 Apr 18-2018 Q1 Earnings call transcript

Fifth Third Bancorp (FITB)-24 Oct 17-2017 Q3 Earnings call transcript

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