EPS Soar, Revenues very Strong

Fifth Third Bancorp delivered very strong results in the fiscal period ending Mar 31 2021, where Revenues soared by 66.51 % to $2.10 billions, driven by higher revenue in Retail, while company's earnings per share soared by 2225 % to $0.93 per share, from the same quarter a year ago.

In contrast to the fourth quarter 2020 Revenues increased by 5.8 % from $1.98 billions and income per share increased by 18.03 % from $0.79 per share.
Fifth Third Bancorp told that it's good performance came from several different businesses, Commercial +2.07%, Retail +8.23%, Investment Advisors +3.85%, while following sections logged decrease in revenues Consumer Lending -10.39%, General and other -32.09%, Other 0%.

With rising profits in Retail and Investment Advisors sections, and oblivious to shrinking profits in Commercial and General and other segment. Net income of $694.000 millions in the fiscal period ending Mar 31 2021 increased by 1408.7 % from net earnings of $46.000 millions reported in the fiscal period ending Mar 31 2021 a year ago. Fifth Third Bancorp also emphasized it's improving profit margins, where net margin rose to 33.08% in fiscal period ending Mar 31 2021, and operating margin edged up to 42.09%.

While following indicators decreased: Tier1 Capital Ratio down -0.34 %.
While following indicators decreased: Interest Spread 2.89 -6.77 %, Total Capital Ratio 13.68 -0.66 %, Leverage Ratio 9.38 -0.44 %, Efficiency Ratio 58.43 -3.98 %.
The Money Center Banks company, also outlined contraction in Interest margin -0.22 %, Allowance for loan losses -12.87 %.
While following 2 indicators decreased catastrofaly: Nonperforming Assets Ratio -26.14 %. Worst was: Nonperforming Assets Ratio.

Fifth Third Bancorp is expected to report next financial results on February 25, 2022.