Fifth Third Bancorp (FITB) Q3 2022 Earnings Call Transcript

Fifth Third Bancorp. (NASDAQ:FITB) Q3 2022 Earnings Conference Call October 20, 2022 9:00 AM ET

Company Participants

Chris Doll - Director-Investor Relations

Tim Spence - President and Chief Executive Officer​

Jamie Leonard - Chief Financial Officer

Bryan Preston - Treasurer

Richard Stein - Chief Credit Officer

Conference Call Participants

Robert Siefers - Piper Sandler

John Pancari - Evercore

Michael Mayo - Wells Fargo

Betsy Graseck - Morgan Stanley

Kenneth Usdin - Jefferies

Erika Najarian - UBS

Matthew O'Connor - Deutsche Bank

Gerard Cassidy - RBC

Bill Carcache - Wolfe Research

Operator

Good morning. My name is Dennis and I will be your conference operator today. At this time, I would like to welcome everyone to the Fifth Third Bancorp Third Quarter 2022 Earnings Conference Call. [Operator Instructions]

I would now like to turn the conference over to Chris Doll, Director of Investor Relations. Please go ahead.

Chris Doll

Good morning, everyone. Welcome to Fifth Third’s Third Quarter 2022 Earnings Call. This morning, our President and CEO, Tim Spence; and CFO, Jamie Leonard will provide an overview of our third quarter results and outlook. Our Chief Credit Officer, Richard Stein; and Treasurer, Bryan Preston have also joined us for the Q&A portion of the call.

Please review the cautionary statements on 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 October 20, 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

Thanks, Chris, and thank all you for joining us this morning. Before we turn to our financial results, I’d like to take a moment to express our sympathies for all of those across the state of Florida who were impacted by Hurricane Ian. I would also like to thank our employees for answering the call to take care of our customers and communities in the state.

In the day since the hurricane made landfall, our employees have made nearly 90,000 Customer wellness calls, reopened all our branches, and staffed Fifth Third financial empowerment bus to enable customers who lost power and Internet access to apply for FEMA disaster relief. For those of you listening today, your resilience in the face of this natural disaster is awe inspiring. Thank you for living our core values.