FITBO - Fifth Third Bancorp (FITB) Q2 2024 Earnings Call Transcript
2024-07-19 12:17:06 ET
Fifth Third Bancorp (FITB)
Q2 2024 Earnings Conference Call
July 19, 2024 09:00 AM ET
Company Participants
Matt Curoe - Director, IR
Tim Spence - Chairman, CEO & President?
Bryan Preston - CFO
Greg Schroeck - CCO
Conference Call Participants
Ebrahim Poonawala - Bank of America
Scott Siefers - Piper Sandler
Mike Mayo - Wells Fargo
Ken Usdin - Jefferies
Gerard Cassidy - RBC Capital
Bill Carache - Wolfe Research
Erika Najarian - UBS
Manan Gosalia - Morgan Stanley
Matt O'Connor - Deutsche Bank
Christopher Marinac - Janney Montgomery Scott
Presentation
Operator
Good morning. My name is Audra and I will be your conference operator today. At this time I would like to welcome everyone to the Second Quarter 2024 Fifth Third Bancorp Earnings Conference Call. Today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. [Operator Instructions]
At this time, I would like to turn the conference over to Matt Curoe. Please go ahead.
Matt Curoe
Good morning everyone. Welcome to Fifth Third Second Quarter 2024 Earnings Call. This morning our chairman, CEO, and President, Tim Spence, and CFO, Bryan Preston will provide an overview of our second quarter results and outlook. Our Chief Credit Officer, Greg Schroeck, has also joined for the Q&A portion of the call. Please review the cautionary statements in our materials, which can be found in our earnings release and presentation. These materials contain information regarding the use of non-GAAP measures and reconciliations to the GAAP results, as well as forward-looking statements about Fifth Third's performance. These statements speak only as of July 19, 2024, and Fifth Third undertakes no obligation to update them.
Following prepared remarks by Tim and Bryan, we will open up the call for questions. With that, let me turn it over to Tim.
Tim Spence
Thanks, Matt and good morning, everyone. At Fifth Third, we believe great banks distinguish themselves, not by how they perform in benign environments, but rather how they navigate challenging ones. In that context, I am very pleased with how we are executing as a company and what continues to be an uncertain economic and interest rate backdrop. Our focus on stability, profitability, and growth in that order have produced consistent predictable results and strong profitability since the bank failures last spring and we remain confident in our ability to deliver PPNR and earnings outcomes in-line with or better than our original expectations for the full year in 2024....
Fifth Third Bancorp (FITB) Q2 2024 Earnings Call Transcript