Fifth Third Bancorp
Q2 2022 Earnings Call
Jul 21, 2022, 9:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning. My name is Rex, and I will be your conference operator today. At this time, I would like to welcome everyone to the Fifth Third Bancorp second quarter 2022 earnings conference call. [Operator instructions] I would now like to turn the conference over to Chris Doll, director of investor relations.
You may begin your conference.
Chris Doll -- Director, Investor Relations
Good morning, everyone. Welcome to Fifth Third's second quarter 2022 earnings call. This morning, our president and CEO, Tim Spence; and CFO, Jamie Leonard, will provide an overview of our second quarter results and outlook. Our Chief Credit Officer, Richard Stein; and Treasurer, Bryan Preston, have also joined for the Q&A portion of the call.
Please review the cautionary statements on materials, which can be found in our earnings release and presentation. These materials contain information regarding to 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 21, 2022 and Fifth Third undertakes no obligation to update them. Following prepared remarks by Tim and Jamie, we will open the call up for questions.
With that, let me turn it over to Tim.
Tim Spence -- President
Thanks, Chris, and thank you all for joining us. With this being my first earnings call as CEO, I'd like to say what an honor it is to follow a great leader like Greg Carmichael. Let's jump right in. Earlier today, we reported a solid second quarter, reflecting our focus on profitability, organic growth and through the cycle returns.
We generated record adjusted revenue and maintained our expense discipline, producing adjusted PPNR growth of 11% compared to last year. We extended our track record for strong organic growth, adding new quality relationships in commercial and new households in consumer, and both our recent acquisitions, dividend financed and provide achieved record originations. Charge-offs remained low, NPA is in early stage delinquencies improved sequentially, and we saw no decline in the liquidity buffers that our consumer households built during the pandemic. With that said, there is no question in my mind that the economic outlook is blurrier today than it was at the start of the year.