Fifth Third Bancorp ( (FITB) ) has issued an update.

Fifth Third Bancorp has reported a solid performance in the third quarter of 2024, with steady growth in key areas like net interest income and fee income, despite certain negative impacts. The bank’s disciplined expense management and strategic investments have led to strong profitability and increased shareholder value, demonstrated by a 6% dividend boost and a $200 million share repurchase. With a robust balance sheet and liquidity, Fifth Third is well-positioned to navigate economic uncertainties and capitalize on growth opportunities, particularly in high-growth markets like the Southeast.

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