Fifth Third Bancorp (FITB) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

If you would like to ask a question during that time, simply press star, then the number one on your telephone keypad. I would now like to turn the call over to Matt Churro, Senior Director of Investor Relations. Mr. Churro, please go ahead. Good morning, everyone. Welcome to fifth, third, second quarter 2025 earnings call. This morning, our Chairman, CEO, and President, Tim Spence, and CFO, Brian Preston, will provide an overview of our second quarter results and outlook. Our Chief Credit Officer, Greg Schreck, has also joined for the Q&A portion of the call. Please review the cautionary statements in our materials, which can be found in our earnings release and presentation. These materials contain information regarding the use of non-GAAP measures and reconciliations to the GAAP results, as well as forward-looking statements about Fifth Third's performance. These statements speak only as of July 17, 2025, and Fifth Third undertakes no obligation to update them. Following prepared remarks by Tim and Brian, We will open up the call for questions. With that, let me turn it over to Tim. Thanks, Matt, and good morning, everyone. At Fifth Third, we believe great banks distinguish themselves not by how they perform in benign environments, but rather by how they navigate uncertain ones. In a period of tariff negotiations, cross-currents and interest rates, and significant regulatory change, Fifth Third continues to deliver excellent profitability, strong credit trends, and accelerating revenue growth. This morning, we reported earnings per share of 88 cents or 90 cents, excluding certain items outlined on page two of the release, exceeding consensus estimates. Adjusted revenues grew by 6% year over year, led by 7% growth in NII. Adjusted PPNR increased 10%, and we deliver...