Fifth Third Bancorp (NASDAQ:FITB) Third Quarter 2022 Results
Key Financial Results
Revenue: US$2.01b (down 2.8% from 3Q 2021).
Net income: US$631.0m (down 7.6% from 3Q 2021).
Profit margin: 31% (down from 33% in 3Q 2021).
EPS: US$0.92 (down from US$0.98 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fifth Third Bancorp Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 6.6%.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in the US.
The company's shares are up 4.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Fifth Third Bancorp's balance sheet and an in-depth analysis of the company's financial position.
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