Fifth Third Bancorp (FITB) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.216 by obsessing over the details in our day-to-day operations while consistently investing 00:00:05.216 -- 00:00:10.001 for the long term. This disciplined approach has delivered shareholder returns that rank 00:00:10.001 -- 00:00:16.485 among the best in our peer group over the last three, five, seven, and 10-year timeframes. 00:00:16.667 -- 00:00:21.330 Today, we reported earnings per share of $1.04, or $1.08, 00:00:21.412 -- 00:00:25.696 excluding certain items outlined on page two of the release. 00:00:25.696 -- 00:00:29.838 We achieved an adjusted return on equity of 14.5%, 00:00:29.866 -- 00:00:33.568 an adjusted return on assets of 1.41%, 00:00:33.751 -- 00:00:37.674 and an adjusted efficiency ratio of 54.3%, 00:00:38.317 -- 00:00:44.024 all among the best of all banks, regardless of size, who have reported thus far. 00:00:44.024 -- 00:00:49.031 Adjusted fourth quarter revenues rose 5% year over year, driven by 6% growth in 00:00:49.031 -- 00:00:54.177 net interest income, 8% growth in commercial payments fees, and 13% 00:00:54.177 -- 00:00:57.102 growth in wealth and asset management fees. 00:00:57.102 -- 00:01:00.806 Fourth quarter average loans increased 5% year-over-year, 00:01:00.806 -- 00:01:05.831 driven by 7% growth in consumer loans and 7% growth in middle market and 00:01:05.831 -- 00:01:11.056 business banking C&I loans. Average core deposits grew 1% year-over-year, 00:01:11.056 -- 00:01:17.322 driven by 5% growth in consumer DDA and 3% growth in commercial DDA. 00:01:17.322 -- 00:01:21.967 Net charge-offs were 40 basis points for the quarter, the lowest level in the past seven 00:01:21.967 -- 00:01:27.663 quarters, and non-performing assets decreased for the third consecutive quarter. 00:01:27.663 -- 00:01:32.728 Ou...