For the quarter ended September 2024, Fifth Third Bancorp (FITB) reported revenue of $2.13 billion, down 1% over the same period last year. EPS came in at $0.85, compared to $0.92 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.16 billion, representing a surprise of -1.07%. The company delivered an EPS surprise of +3.66%, with the consensus EPS estimate being $0.82.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Fifth Third Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Book value per share: $27.60 versus $26.16 estimated by seven analysts on average.
• Efficiency Ratio (FTE): 58.2% versus the seven-analyst average estimate of 56.9%.
• Net interest margin (FTE): 2.9% versus 2.9% estimated by seven analysts on average.
• Net charge-off ratio (NCO ratio): 0.5% compared to the 0.5% average estimate based on six analysts.
• Return on average assets: 1.1% versus the six-analyst average estimate of 1.1%.
• Tangible book value per share (including AOCI): $20.20 versus $18.83 estimated by six analysts on average.
• Average balance - Total interest-earning assets: $195.84 billion versus $195 billion estimated by six analysts on average.
• Return on average common equity: 11.7% compared to the 12.7% average estimate based on five analysts.
• CET1 Capital Ratio: 10.8% versus the four-analyst average estimate of 10.6%.
• Leverage Ratio: 9.1% versus the three-analyst average estimate of 9.1%.
• Tier 1 risk-based Capital Ratio: 12.1% versus the three-analyst average estimate of 11.9%.
• Total Nonperforming Assets: $733 million versus $713.62 million estimated by three analysts on average.

View all Key Company Metrics for Fifth Third Bancorp here>>>

Shares of Fifth Third Bancorp have returned +4% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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