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News

Earnings: Fifth Third Bancorp, U.S. Bancorp, TD Ameritrade Holding Corp. (FITB, USB, AMTD)

Mike Deane Jan 22, 2015


Before the opening bell on Wednesday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.


Fifth Third Bank Matches Q4 EPS Estimate


Fifth Third Bancorp (FITB ) reported fourth quarter net income available to shareholders of $362 million, or 43 cents per share, compared to last year’s Q4 net income of $383 million, or 43 cents per share. FITB matched analysts’ Q4 EPs expectations of 43 cents.

FITB vice chairman and CEO Kevin T. Kabat had the following comments about the results: “Fourth quarter earnings of $385 million rounded out a solid year in a very tough operating environment. Average total deposits were up 3 percent sequentially, highlighted by 5 percent average demand deposit growth. Fee income comparisons were led by corporate banking which increased 20 percent sequentially, led by strong results in capital markets fees to close out the year. We continue to make what we believe to be long-term value enhancing decisions when we deploy our shareholders’ equity and maintain our focus on earnings growth as we anticipate a healthier economy in 2015."


U.S. Bancorp Beats Q4 EPS and Revenue Views


U.S. Bancorp (USB ) reported fourth quarter revenues of $5.17 billion, up from last year’s Q4 revenues of $4.9 billion. Net income for the quarter came in at $1.49 billion, or 79 cents per share, compared to last year’s Q4 figures of $1.46 billion, or 76 cents per share. USB beat analysts’ estimates of 77 cents EPS on revenues of $5.01 billion.


TD Ameritrade Matched EPS Estimates


TD Ameritrade (AMTD ) reported fourth quarter revenues of $819 million, which are up 9% over last year’s Q4 revenues of $752 million. Net income for the quarter came in at $211 million, or 39 cents per share, compared to last year’s Q4 net income of $192 million, or 35 cents per share. AMTD met analysts’ EPS expectations of 39 cents, but revenues came in below the $831.1 million expectation.

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