Yahoo Finance Fifth Third Bancorp First Quarter 2024 Earnings: EPS Beats Expectations
Fifth Third Bancorp (NASDAQ:FITB) First Quarter 2024 Results
Key Financial Results
Revenue: US$2.00b (down 2.4% from 1Q 2023).
Net income: US$480.0m (down 10% from 1Q 2023).
Profit margin: 24% (down from 26% in 1Q 2023).
EPS: US$0.70 (down from US$0.78 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fifth Third Bancorp EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%.
Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 5.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Fifth Third Bancorp that you should be aware of.
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