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Fifth Third Bank FITB Q2 2024 earnings

Reported July 19, 2024 · Before market open

Revenue estimate$2.1B
EPS estimate$0.85

Next report

Jul 17, 2026 (In 1 week)
Revenue estimate$3.2B
EPS estimate$0.98

Financials

Q2 2024

Income statement

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Revenue$2.1B-4.6%
Net income$601.0M0.0%
EPS (diluted)$0.81-1.2%

Balance sheet

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Cash & equivalents$2.8B+9.4%
Total debt$17.1B+31.1%
Total equity$19.2B+8.0%
Total assets$213.26B+2.9%

Cash flow

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Operating cash flow$679.0M+41.5%
CapEx$91.0M-32.6%
Free cash flow$588.0M+70.4%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$24.96B+39.9%
Enterprise value$39.2B+38.7%
P/E10.8×+3.8×
P/S2.9×+0.9×

Profitability

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Net margin27.2%-1.5pp
FCF margin39.7%-18.0pp

Returns & leverage

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Return on equity12.5%-1.4pp
Debt / equity0.9×+0.2×

Versus estimates

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Questions, answered.

When did Fifth Third Bank report Q2 2024 earnings?
Fifth Third Bank (FITB) reported Q2 2024 earnings on July 19, 2024 before market open.
What were Fifth Third Bank's Q2 2024 revenue and EPS?
Fifth Third Bank reported revenue of $2.0B and diluted EPS of $0.81 for Q2 2024.
Did Fifth Third Bank beat estimates in Q2 2024?
Revenue missed the consensus estimate of $2.1B by $84.7M. EPS missed the consensus estimate of $0.85 by $0.04.
Where can I find Fifth Third Bank's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000035527-24-000212) directly on SEC EDGAR. The filing index links above go to sec.gov.