Fifth Third Bancorp (NASDAQ: FITB) introduced monetary outcomes for the third quarter of 2024, reporting a decline in earnings.
- The corporate reported web earnings accessible to shareholders of $532 million for the third quarter, down 15% year-over-year
- On a per-share foundation, September-quarter earnings dropped to $0.78 from $0.91 in Q3 2023
- Tangible e book worth per share rose sharply to $20.20 in Q3 from $13.76 in the identical interval final yr
- Q3 web curiosity earnings edged all the way down to $1.42 billion from $1.45 billion within the comparable quarter of 2023
- Non-interest earnings was $711 million within the September quarter, in comparison with $715 million within the prior yr quarter
- Third-quarter common deposits elevated to $167.2 billion from $165.6 billion in the identical interval final yr
- The corporate generated shopper family progress of three% in Q3 in comparison with 3Q23
