Dramatic Decline in Profitability
Net income fell 68.0% year-over-year to $165M in Q1 FY2026, compared to $515M in the prior-year period. Basic EPS dropped 77.5% to $0.16 from $0.71, signaling significant pressure on bottom-line results.
FIFTH THIRD BANCORP is expected to release its Q2 2026 10-Q filing on October 19, 2026. Last quarter: Fifth Third Bancorp (FITB) reported a sharp 68% year-over-year decline in net income to $165M in Q1 FY2026, driven by significantly lower earnings per share and negative operating cash flow, even as total assets surged 39.7% to $297B following what appears to be a major balance sheet expansion.
EPS Estimate
$1.04
Revenue Estimate
$3.41B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the FITB page.
Drawn from management commentary in the Q1 2026 10-Q:
Net income fell 68.0% year-over-year to $165M in Q1 FY2026, compared to $515M in the prior-year period. Basic EPS dropped 77.5% to $0.16 from $0.71, signaling significant pressure on bottom-line results.
Total assets grew 39.7% year-over-year to $297.0B from $212.7B, while stockholders' equity surged 67.2% to $34.1B from $20.4B, suggesting a significant acquisition, merger, or other transformative balance sheet event occurred during or prior to Q1 FY2026.
Operating cash flow turned sharply negative at -$1.106B in Q1 FY2026, compared to a positive $1.233B in the prior-year period — a 189.7% deterioration — raising questions about near-term cash generation capacity.
EPS (Basic)
$0.16
-77.46% YoY
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