- Fifth Third Bancorp (FITB, Financial) reported a Q1 2025 diluted EPS of $0.71.
- Loan growth and net interest margin expansion contributed to a 3% increase in average portfolio loans.
- The bank executed $225 million in share repurchases during the first quarter of 2025.
Fifth Third Bancorp (FITB) announced its financial results for the first quarter of 2025, reporting diluted earnings per share (EPS) of $0.71. This earnings figure is slightly lower compared to the previous quarter's EPS of $0.85 but an improvement from $0.70 in the first quarter of the previous year. The net income available to common shareholders was $478 million.
The results were bolstered by a continuation of strategic operating leverage, attributed to an increase in loan volumes and an expanded net interest margin, which rose to 3.03%, marking the fifth consecutive quarter of growth. The company saw a 3% increase in average portfolio loans year-over-year, reaching $121.2 billion, driven by growth in both commercial and consumer lending sectors.
Fifth Third Bancorp also reported stable net interest income and a decline in expenses by 3% compared to the first quarter of 2024. The efficiency ratio improved to 61.0%, with an adjusted efficiency ratio of 60.5%, showing a 110 basis point improvement over the previous year.
During the quarter, the company completed $225 million in share repurchases, contributing to a 5% increase in tangible book value per share, excluding accumulated other comprehensive income (AOCI), compared to the same period last year.
The bank's performance underscores its resilient balance sheet, diversified business mix, and rigorous expense discipline. These factors are essential as the institution continues to navigate the current economic climate and aims to maintain strong returns through economic cycles.
