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Fifth Third Bancorp (FITB) Reports Q4: Everything You Need To Know Ahead Of Earnings

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Regional banking company Fifth Third Bancorp (NASDAQ: FITB) will be reporting earnings this Tuesday before the bell. Here’s what to look for.

Fifth Third Bancorp beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $2.31 billion, up 6.4% year on year. It was a satisfactory quarter for the company, with a narrow beat of analysts’ tangible book value per share estimates.

Is Fifth Third Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Fifth Third Bancorp’s revenue to grow 4.6% year on year to $2.34 billion, improving from the 2.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.01 per share.

Fifth Third Bancorp Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Fifth Third Bancorp has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.5% on average.

Looking at Fifth Third Bancorp’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. First Horizon delivered year-on-year revenue growth of 8.1%, beating analysts’ expectations by 3.2%, and BOK Financial reported revenues up 12.2%, topping estimates by 7.1%. First Horizon traded up 102% following the results.

Read our full analysis of First Horizon’s results here and BOK Financial’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Fifth Third Bancorp is up 3.8% during the same time and is heading into earnings with an average analyst price target of $54.71 (compared to the current share price of $48.93).

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