Fifth Third Bancorp (FITB) Q3 2025 Financial Results Summary
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Fifth Third Bancorp (FITB) Q3 2025 Financial Results Summary
Fifth Third Bancorp released its financial results for the third quarter on October 17, 2025. Below is a summary of the key financial data and highlights from the report.
Key Financial Data
- Net income available to common shareholders:
- $608 million, up 3% from $591 million in Q2 2025 and up 14% from $532 million in Q3 2024.
- Diluted earnings per share:
- $0.91, an increase of 3% sequentially (from $0.88) and 17% year-over-year (from $0.78).
- Net interest income (FTE):
- $1.525 billion, up 2% from $1.500 billion Q2 2025 and up 7% from $1.427 billion in Q3 2024.
- Total revenue:
- $2.306 billion, which is a 2% increase from $2.250 billion in Q2 2025 and an 8% increase from $2.138 billion in Q3 2024.
- Return on average assets:
- 1.21%, slightly up from 1.20% in the previous quarter and an increase from 1.06% year-over-year.
- Return on average common equity:
- 12.6%, down from 12.8% in Q2 2025 but up from 11.7% in Q3 2024.
- Efficiency ratio (FTE):
- 54.9%, improved from 56.2% in Q2 2025 and 58.2% year-over-year.
Key Highlights
- Revenue Growth:
- Net interest income expanded for the 7th consecutive quarter.
-
Noninterest income increased by 4% sequentially and 10% year-over-year, driven by improved performance in wealth management and capital markets.
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Cost Management:
- Noninterest expense remained stable at $1.267 billion, compared to $1.264 billion in Q2 2025 and up 2% from $1.244 billion in Q3 2024.
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Disciplined expense management resulted in a 180 basis points year-over-year improvement in the adjusted efficiency ratio (down to 54.1%).
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Funding and Asset Quality:
- Loan growth of 6% compared to Q3 2024, with consumer loans growing by 7%, including a 14% increase in home equity loans.
- A total of $77 billion in assets under management, up 12% year-over-year.
- Nonperforming assets decreased to $801 million, a reduction from $886 million in Q2 2025.
- Net charge-off ratio increased to 1.09%, up from 0.45% in the prior quarter and 0.48% year-over-year.
Shareholder Returns
- Fifth Third declared a quarterly dividend of $0.40 per share, an 8% increase from the previous quarter’s dividend of $0.37.
- Share repurchases: The company repurchased $300 million of its common stock during the quarter.
Balance Sheet Highlights
- Total assets decreased slightly to $212.9 billion from $214.3 billion in Q3 2024.
- Average deposits were $164.8 billion, an increase of 1% compared to Q2 2025 and a 1% decrease compared to Q3 2024.
- Tangible book value per share rose to $21.66, reflecting a 7% year-over-year increase.
Conclusion
Fifth Third Bancorp showcased a strong performance in Q3 2025, reflecting disciplined expense management, robust revenue growth, and supportive asset quality trends in the challenging banking environment.
Condensed Consolidated Statements of Income
Amount in millions
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | For the Three Months Ended | % Change | |||||
|---|---|---|---|---|---|---|---|
| (unaudited) | September 2025 | June 2025 | March 2025 | December 2024 | September 2024 | Seq | Yr/Yr |
| Net interest income (NII)(a) | $1,525 | $1,500 | $1,427 | $1,443 | $1,421 | 2% | 7% |
| Provision for credit losses | 197 | 173 | 174 | 179 | 160 | 14% | 23% |
| Noninterest income | 781 | 750 | 711 | 732 | 711 | 4% | 10% |
| Noninterest expense | 1,267 | 1,264 | 1,304 | 1,226 | 1,244 | — | 2% |
| Income before income taxes | 842 | 813 | 734 | 764 | 728 | 4% | 15% |
| Applicable income tax expense | 188 | 180 | 138 | 144 | 155 | 4% | 21% |
| Net income | 649 | 628 | 515 | 620 | 573 | 3% | 13% |
| Dividends on preferred stock | 41 | 37 | 37 | 38 | 41 | 11% | — |
| Net income available to common shareholders | 608 | 591 | 478 | 582 | 532 | 3% | 14% |
| Earnings per share, diluted | $0.91 | $0.88 | $0.71 | $0.86 | $0.78 | 3% | 17% |
Consolidated Balance Sheets
Amount in millions
| CONSOLIDATED BALANCE SHEETS | As of | Change % | |||
|---|---|---|---|---|---|
| (unaudited) | September 2025 | June 2025 | September 2024 | Seq | Yr/Yr |
| Assets | |||||
| Cash and due from banks | $2,901 | $2,972 | $3,215 | -2% | -10% |
| Other short-term investments | 17,215 | 13,043 | 21,729 | 32% | -21% |
| Available-for-sale debt and other securities(a) | 36,461 | 38,270 | 40,396 | -5% | -10% |
| Held-to-maturity securities(b) | 11,498 | 11,630 | 11,358 | -1% | 1% |
| Trading debt securities | 1,266 | 1,324 | 1,176 | -4% | 8% |
| Equity securities | 287 | 404 | 428 | -29% | -33% |
| Loans and leases held for sale | 576 | 646 | 612 | -11% | -6% |
| Portfolio loans and leases | |||||
| Commercial and industrial loans | 53,947 | 53,312 | 50,916 | 1% | 6% |
| Commercial mortgage loans | 11,932 | 12,112 | 11,394 | -1% | 5% |
| Commercial construction loans | 5,326 | 5,551 | 5,947 | -4% | -10% |
| Commercial leases | 3,218 | 3,177 | 2,873 | 1% | 12% |
| Total commercial loans and leases | 74,423 | 74,152 | 71,130 | — | 5% |
| Residential mortgage loans | 17,644 | 17,681 | 17,166 | — | 3% |
| Home equity loans | 4,678 | 4,485 | 4,074 | 4% | 15% |
| Indirect secured consumer loans | 17,885 | 17,591 | 15,942 | 2% | 12% |
| Credit card loans | 1,692 | 1,707 | 1,703 | -1% | -1% |
| Solar energy installation loans | 4,432 | 4,316 | 4,078 | 3% | 9% |
| Other consumer loans | 2,376 | 2,464 | 2,575 | -4% | -8% |
| Total consumer loans | 48,707 | 48,244 | 45,538 | 1% | 7% |
| Total portfolio loans and leases | 123,130 | 122,396 | 116,668 | 1% | 6% |
| Allowance for loan and lease losses | -2,265 | -2,412 | -2,305 | -6% | -2% |
| Portfolio loans and leases, net | 120,865 | 119,984 | 114,363 | 1% | 6% |
| Bank premises and equipment | 2,655 | 2,560 | 2,425 | 4% | 9% |
| Operating lease equipment | 379 | 344 | 357 | 10% | 6% |
| Goodwill | 4,947 | 4,918 | 4,918 | 1% | 1% |
| Intangible assets | 76 | 75 | 98 | 1% | -22% |
| Servicing rights | 1,601 | 1,629 | 1,656 | -2% | -3% |
| Other assets | 12,176 | 12,192 | 11,587 | — | 5% |
| Total Assets | $212,903 | $209,991 | $214,318 | 1% | -1% |
| Liabilities | |||||
| Deposits: | |||||
| Demand deposits | 41,830 | 42,174 | 41,393 | -1% | 1% |
| Interest checking deposits | 57,239 | 55,524 | 58,727 | 3% | -3% |
| Savings deposits | 16,110 | 16,614 | 16,990 | -3% | -5% |
| Money market deposits | 38,748 | 36,586 | 37,482 | 6% | 3% |
| CDs $250,000 or less | 10,667 | 10,883 | 10,480 | -2% | 2% |
| CDs over $250,000 | 1,975 | 2,426 | 3,268 | -19% | -40% |