Fifth Third Bancorp reported first-quarter 2025 net income available to common shareholders of $478 million, or $0.71 per diluted share. This compares to $582 million, or $0.85 per diluted share, in the prior quarter and $480 million, or $0.70 per diluted share, in the year-ago quarter.
Net interest income (FTE) was stable sequentially at $1,442 million, representing a 4% increase year-over-year, and net interest margin expanded 6 basis points sequentially to 3.03%. However, noninterest income decreased 5% sequentially and 2% year-over-year to $694 million.
The provision for credit losses increased 85% year-over-year to $174 million, though it decreased 3% sequentially. Average portfolio loans grew 3% sequentially and year-over-year to $121,272 million, while average deposits decreased 2% sequentially and year-over-year. The company executed $225 million in share repurchases during the quarter.
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