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Valued at a market cap of $30.1 billion, Fifth Third Bancorp (FITB) is a diversified financial services company based in Cincinnati, Ohio. It provides a wide range of services, including commercial banking, branch banking, consumer lending, payments and treasury management, wealth and asset management, and investment services. The company is expected to announce its fiscal Q3 earnings for 2025 before the market opens on Friday, Oct. 17.
Ahead of this event, analysts expect this bank to report a profit of $0.90 per share, up 5.9% from $0.85 per share in the year-ago quarter. The company has a promising trajectory of consistently beating Wall Street’s earnings estimates in each of the last four quarters. In Q2, FITB posted EPS of $0.88.
For fiscal 2025, analysts expect FITB to report a profit of $3.51 per share, representing a 4.2% increase from $3.37 per share in fiscal 2024. Furthermore, its EPS is expected to grow 14.5% year-over-year to $4.02 in fiscal 2026.
Shares of FITB have gained 5.9% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 15.6% uptick and the Financial Select Sector SPDR Fund’s (XLF) 19.6% return over the same time frame.
On Jul. 17, shares of FITB plunged 1% after its Q2 earnings release. On the upside, due to continued loan growth and net interest margin expansion, the company’s adjusted revenue advanced 6.3% year-over-year to $2.3 billion. Moreover, its adjusted efficiency ratio improved 130 basis points from the same period last year to 55.5%, indicating disciplined expense management. However, its provision for credit losses increased by a notable 78.4% annually to $173 million, while its total nonperforming portfolio loans and leases surged 37.8% from the prior-year quarter, reflecting weakening credit quality, which might have made investors jittery.
Wall Street analysts are moderately optimistic about FITB’s stock, with a "Moderate Buy" rating overall. Among 25 analysts covering the stock, 14 recommend "Strong Buy," one indicates a "Moderate Buy," and 10 suggest "Hold.” The mean price target for FITB is $48.86, indicating a 7.6% potential upside from the current levels.
