Fifth Third Bancorp Q1 2022 Earnings Call Summary - Thomson StreetEvents

Fifth Third Bancorp Q1 2022 Earnings Call Summary

Fifth Third Bancorp Q1 2022 Earnings Call Summary - Thomson StreetEvents
Fifth Third Bancorp Q1 2022 Earnings Call Summary
Published Apr 19, 2022
24 pages (14493 words) — Published Apr 19, 2022
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About This Report

  
Abstract:

Edited Brief of FITB.OQ earnings conference call or presentation 19-Apr-22 2:00pm GMT

  
Brief Excerpt:

...Reported net income of $494m or $0.68 per share. 1. 2. Reported EPS included negative $0.02 impact from Visa total return swap, mark-to-market impact over to AvidXchange Holdings. Excluding these items, adjusted EPS was $0.70. a. 3. Co. generated strong loan growth, including avg. C&I growth of 8%, excluding PPP. 4. Co. grew core deposits once again with strength in consumer transaction deposits of 4% reflecting Co.'s success generating quality household growth, which increased 3% on YoverY basis. 5. FITB also took advantage of attractive market entry points for deploying excess cash that grew securities portfolio by approx. $5b on avg. basis. As a result of interest earning asset growth, net interest income increased 1% sequentially, excluding PPP. a. 6. Co. had yet another qtr. of Benign credit quality, reflecting Co.'s disciplined approach to client selection and underwriting. This results in near-record low charge-offs of just 12 BP. a. 7. In addition to muted credit losses, NPA remained...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Fifth Third Bancorp
Ticker
FITB.OQ
Time
2:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : My first question is really for Greg and Tim. Greg, congratulations on your retirement. I'm wondering sort of why you decided now would be a good time to step aside? And Tim, maybe just as a follow-up to that, what are you most excited about as you look forward outside of macro in terms of the growth prospects for the bank that you're inheriting?

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Got it. And the second question is for Jamie. Jamie, AFS has become a bad word this quarter. And I'm wondering, you have -- you've always had a very distinct investment policy. If you could explain to the generalists that are listening to this call, that have been distressed about the CET1 erosion that they've seen at the big banks where it's been relevant, and then the AOCI and other regional banks kind of impacted tangible book, what you bought in the quarter, the $10 billion, and the difference between duration risk for CMBS and RMBS. And also, if you could translate into generalist language what bullet and locked-out structures mean? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 19, 2022 / 2:00PM, FITB.OQ - Q1 2022 Fifth Third Bancorp Earnings Call

Table Of Contents

Fifth Third Bancorp Q2 2022 Earnings Call Summary – 2022-07-21 – US$ 54.00 – Edited Brief of FITB.OQ earnings conference call or presentation 21-Jul-22 1:00pm GMT

Fifth Third Bancorp Q2 2022 Earnings Call Transcript – 2022-07-21 – US$ 54.00 – Edited Transcript of FITB.OQ earnings conference call or presentation 21-Jul-22 1:00pm GMT

Fifth Third Bancorp at Morgan Stanley US Financials, Payments & CRE Conference Transcript – 2022-06-15 – US$ 54.00 – Edited Transcript of FITB.OQ presentation 15-Jun-22 12:00pm GMT

Fifth Third Bancorp at Barclays Americas Select Franchise Conference Transcript – 2022-05-10 – US$ 54.00 – Edited Transcript of FITB.OQ presentation 10-May-22 9:00am GMT

Fifth Third Bancorp Q1 2022 Earnings Call Transcript – 2022-04-19 – US$ 54.00 – Edited Transcript of FITB.OQ earnings conference call or presentation 19-Apr-22 2:00pm GMT

Fifth Third Bancorp at RBC Capital Markets Financial Institutions Conference (Virtual) Transcript – 2022-03-09 – US$ 54.00 – Edited Transcript of FITB.OQ presentation 9-Mar-22 1:40pm GMT

Fifth Third Bancorp Q4 2021 Earnings Call Summary – 2022-01-20 – US$ 54.00 – Edited Brief of FITB.OQ earnings conference call or presentation 20-Jan-22 2:00pm GMT

Fifth Third Bancorp Q4 2021 Earnings Call Transcript – 2022-01-20 – US$ 54.00 – Edited Transcript of FITB.OQ earnings conference call or presentation 20-Jan-22 2:00pm GMT

Fifth Third Bancorp at Goldman Sachs US Financial Services Conference Transcript – 2021-12-08 – US$ 54.00 – Edited Transcript of FITB.OQ presentation 8-Dec-21 1:40pm GMT

Fifth Third Bancorp at BancAnalysts Association of Boston Conference Transcript – 2021-11-05 – US$ 54.00 – Edited Transcript of FITB.OQ presentation 5-Nov-21 12:50pm GMT

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MLA:
Thomson StreetEvents. "Fifth Third Bancorp Q1 2022 Earnings Call Summary" Apr 19, 2022. Alacra Store. May 04, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Fifth-Third-Bancorp-Earnings-Call-B14840005>
  
APA:
Thomson StreetEvents. (2022). Fifth Third Bancorp Q1 2022 Earnings Call Summary Apr 19, 2022. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Fifth-Third-Bancorp-Earnings-Call-B14840005>
  
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