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Complete financial analysis of Fifth Third Bancorp (FITB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Fifth Third Bancorp, a leading company in the Banks – Regional industry within the Financial Services sector.
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Fifth Third Bancorp (FITB)
About Fifth Third Bancorp
Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Branch Banking segment provides a range of deposit and loan products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services for small businesses. The company's Consumer Lending segment engages in direct lending activities that include origination, retention, and servicing of residential mortgage and home equity loans or lines of credit; and indirect lending activities, including loans to consumers through correspondent lenders and automobile dealers. Fifth Third Bancorp's Wealth & Asset Management segment provides various investment alternatives for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. As of December 31, 2021, the company operated 1,117 full-service banking centers and 2,322 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.20B | 8.30B | 7.80B | 7.49B | 8.20B | 6.81B | 6.89B | 6.18B | 6.38B | 5.91B | 6.65B | 6.47B | 6.01B | 6.33B | 6.38B | 5.84B | 5.23B | 5.03B | 5.47B | 5.48B | 5.39B | 4.89B | 4.23B | 2.48B | 2.28B | 1.64B | 1.19B | 1.06B | 869.10M | 772.70M | 663.00M | 594.30M | 504.10M | 431.40M | 393.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | -4.45B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 12.64B | 8.30B | 7.80B | 7.49B | 8.20B | 6.81B | 6.89B | 6.18B | 6.38B | 5.91B | 6.65B | 6.47B | 6.01B | 6.33B | 6.38B | 5.84B | 5.23B | 5.03B | 5.47B | 5.48B | 5.39B | 4.89B | 4.23B | 2.48B | 2.28B | 1.64B | 1.19B | 1.06B | 869.10M | 772.70M | 663.00M | 594.30M | 504.10M | 431.40M | 393.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 154.25% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.98B | 2.69B | 2.76B | 2.73B | 2.42B | 2.36B | 2.25B | 2.22B | 2.07B | 1.98B | 2.17B | 2.18B | 2.11B | 2.10B | 2.04B | 1.75B | 1.52B | 1.47B | 1.42B | 1.28B | 1.16B | 1.11B | 993.00M | 522.00M | 505.00M | 339.80M | 236.60M | 230.50M | 190.90M | 181.20M | 152.60M | 137.50M | 121.40M | 112.70M | 104.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 126.00M | 118.00M | 107.00M | 104.00M | 162.00M | 147.00M | 114.00M | 104.00M | 110.00M | 98.00M | 114.00M | 128.00M | 115.00M | 98.00M | 79.00M | 102.00M | 84.00M | 124.00M | 126.00M | 99.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 3.76B | 2.80B | 2.87B | 2.83B | 2.42B | 2.50B | 2.36B | 2.32B | 2.18B | 2.08B | 2.28B | 2.31B | 2.22B | 2.20B | 2.12B | 1.86B | 1.52B | 1.59B | 1.54B | 1.38B | 1.16B | 1.11B | 993.00M | 522.00M | 505.00M | 339.80M | 236.60M | 230.50M | 190.90M | 181.20M | 152.60M | 137.50M | 121.40M | 112.70M | 104.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -7.03B | -7.15B | -8.53B | -7.42B | -5.50B | -5.80B | -5.85B | -5.70B | -5.52B | -5.91B | -6.06B | -5.74B | -6.71B | -1.76B | -8.26B | -2.19B | -1.90B | -2.77B | -3.52B | -2.90B | -2.18B | -1.30B | 63.00M | -428.00M | -236.70M | -89.80M | -91.80M | -19.60M | -183.00M | -229.60M | -191.80M | -45.60M | 27.20M | 25.70M | 84.20M | 60.10M | 55.10M | 44.20M |
| Operating Expenses | 3.76B | -4.22B | -4.28B | -5.69B | -5.00B | -3.00B | -3.43B | -3.53B | -3.52B | -3.43B | -3.63B | -3.75B | -3.52B | -4.51B | 359.00M | -6.41B | -677.00M | -313.00M | -1.23B | -2.14B | -1.74B | -1.07B | -310.00M | 585.00M | 77.00M | 103.10M | 146.80M | 138.70M | 171.30M | -1.80M | -77.00M | -54.30M | 75.80M | 139.90M | 130.60M | 84.20M | 60.10M | 55.10M | 44.20M |
| Cost & Expenses | 3.76B | -4.22B | -4.28B | -5.69B | -5.00B | -3.00B | -3.43B | -3.53B | -3.52B | -3.43B | -3.63B | -3.75B | -3.52B | -4.51B | 359.00M | -6.41B | -677.00M | -313.00M | -1.23B | -2.14B | -1.74B | -1.07B | -310.00M | 585.00M | 77.00M | 103.10M | 146.80M | 138.70M | 171.30M | -1.80M | -77.00M | -54.30M | 75.80M | 139.90M | 130.60M | 84.20M | 60.10M | 55.10M | 44.20M |
| Interest Income | 9.76B | 6.59B | 5.21B | 5.57B | 6.25B | 5.18B | 4.49B | 4.19B | 4.03B | 4.03B | 3.97B | 4.11B | 4.22B | 4.49B | 4.67B | 5.61B | 6.03B | 5.96B | 5.00B | 4.11B | 3.99B | 4.13B | 4.71B | 3.26B | 2.74B | 2.02B | 1.48B | 1.39B | 1.17B | 922.30M | 727.40M | 694.50M | 713.50M | 696.60M | 649.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 3.93B | 978.00M | 441.00M | 790.00M | 1.46B | 1.04B | 691.00M | 578.00M | 495.00M | 451.00M | 412.00M | 512.00M | 661.00M | 885.00M | 1.31B | 2.09B | 3.02B | 3.08B | 2.03B | 1.10B | 1.09B | 1.43B | 2.28B | 1.79B | 1.33B | 1.02B | 733.40M | 695.90M | 609.80M | 405.50M | 291.00M | 300.30M | 381.30M | 403.00M | 374.70M | 84.20M | 60.10M | 55.10M | 44.20M |
| Depreciation & Amortization | 481.00M | 455.00M | 367.00M | 492.00M | 478.00M | 243.00M | 236.00M | 244.00M | 441.00M | 414.00M | 507.00M | 531.00M | 455.00M | 457.00M | 341.00M | 8.00M | 367.00M | 399.00M | 405.00M | 459.00M | 550.00M | 338.00M | 236.00M | 112.00M | 104.00M | 80.50M | 54.20M | 49.70M | 27.60M | 30.00M | 30.40M | 33.10M | 15.10M | 9.90M | 11.10M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 3.47B | 3.53B | 3.87B | 2.29B | 3.67B | 3.13B | 3.11B | 2.52B | 2.81B | 2.44B | 3.11B | 2.74B | 2.29B | 1.37B | 1.11B | 0.00 | 1.90B | 2.03B | 2.61B | 3.09B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 84.20M | 60.10M | 55.10M | 44.20M |
| EBITDA Ratio | 42.33% | 54.33% | 49.57% | 30.56% | 44.79% | 61.23% | 55.17% | 50.17% | 51.81% | 48.91% | 53.01% | 50.29% | 49.00% | 36.03% | 37.97% | -9.63% | 94.07% | 101.71% | 84.94% | 69.34% | 77.88% | 85.02% | 98.25% | 128.07% | 107.93% | 111.20% | 116.88% | 117.81% | 122.89% | 103.65% | 92.97% | 96.43% | 118.03% | 134.72% | 136.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 4.43B | 4.07B | 3.52B | 1.80B | 3.20B | 3.81B | 3.46B | 2.65B | 2.87B | 2.48B | 3.02B | 2.72B | 2.49B | 1.83B | 2.08B | -570.00M | 4.56B | 4.71B | 4.24B | 3.34B | 3.65B | 3.82B | 3.92B | 3.07B | 2.36B | 1.74B | 1.34B | 1.20B | 1.04B | 770.90M | 586.00M | 540.00M | 579.90M | 571.30M | 524.20M | 84.20M | 60.10M | 55.10M | 44.20M |
| Operating Income Ratio | 54.11% | 49.08% | 45.10% | 23.99% | 39.03% | 55.94% | 50.22% | 42.84% | 44.90% | 41.90% | 45.39% | 42.08% | 41.43% | 28.82% | 32.63% | -9.77% | 87.06% | 93.77% | 77.53% | 60.96% | 67.67% | 78.12% | 92.67% | 123.56% | 103.37% | 106.29% | 112.33% | 113.11% | 119.71% | 99.77% | 88.39% | 90.86% | 115.04% | 132.43% | 133.18% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -1.45B | -1.19B | -1.21B | -1.23B | -1.24B | -1.05B | -1.20B | -876.00M | -1.07B | -1.07B | -933.00M | -293.00M | -85.00M | -76.00M | -341.00M | -2.09B | -194.00M | -49.00M | -406.00M | -168.00M | -1.12B | -1.43B | -2.27B | -1.79B | -1.33B | -1.02B | -733.40M | -695.90M | -609.80M | -405.50M | -291.00M | -300.30M | -381.30M | -403.00M | -374.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 2.99B | 3.09B | 3.52B | 1.80B | 3.20B | 2.77B | 2.77B | 2.07B | 2.37B | 2.03B | 2.60B | 2.21B | 1.83B | 940.00M | 767.00M | -2.66B | 1.54B | 1.63B | 2.21B | 2.24B | 2.53B | 2.39B | 1.65B | 1.28B | 1.03B | 726.20M | 603.90M | 500.40M | 430.60M | 365.40M | 295.00M | 239.70M | 198.60M | 168.30M | 149.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 36.46% | 37.29% | 45.10% | 23.99% | 39.03% | 40.62% | 40.20% | 33.42% | 37.05% | 34.31% | 39.04% | 34.14% | 30.46% | 14.84% | 12.03% | -45.64% | 29.38% | 32.37% | 40.38% | 40.84% | 46.90% | 48.92% | 39.03% | 51.35% | 44.96% | 44.31% | 50.73% | 47.31% | 49.55% | 47.29% | 44.49% | 40.33% | 39.40% | 39.01% | 37.98% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 639.00M | 647.00M | 747.00M | 370.00M | 690.00M | 572.00M | 577.00M | 505.00M | 659.00M | 545.00M | 772.00M | 636.00M | 533.00M | 187.00M | 30.00M | -551.00M | 461.00M | 443.00M | 659.00M | 712.00M | 805.00M | 759.00M | 550.00M | 412.00M | 358.00M | 250.10M | 202.70M | 165.30M | 142.90M | 120.90M | 98.60M | 75.60M | 60.40M | 47.90M | 41.20M | -84.20M | -60.10M | -55.10M | -44.20M |
| Net Income | 2.35B | 2.45B | 2.77B | 1.43B | 2.51B | 2.19B | 2.19B | 1.56B | 1.71B | 1.48B | 1.84B | 1.58B | 1.30B | 753.00M | 737.00M | -2.11B | 1.08B | 1.19B | 1.55B | 1.53B | 1.76B | 1.64B | 1.09B | 863.00M | 668.00M | 476.10M | 401.20M | 335.10M | 287.70M | 244.50M | 196.40M | 164.10M | 138.20M | 120.40M | 108.30M | 84.20M | 60.10M | 55.10M | 44.20M |
| Net Income Ratio | 28.66% | 29.49% | 35.52% | 19.05% | 30.62% | 32.22% | 31.83% | 25.31% | 26.82% | 25.05% | 27.59% | 24.35% | 21.57% | 11.89% | 11.56% | -36.20% | 20.57% | 23.64% | 28.33% | 27.84% | 32.57% | 33.41% | 25.86% | 34.76% | 29.27% | 29.05% | 33.70% | 31.68% | 33.10% | 31.64% | 29.62% | 27.61% | 27.42% | 27.91% | 27.52% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 3.23 | 3.38 | 3.78 | 1.84 | 3.38 | 3.26 | 2.88 | 1.95 | 2.03 | 1.68 | 2.05 | 1.69 | 1.20 | 0.64 | 0.73 | -3.82 | 2.00 | 2.14 | 2.79 | 2.72 | 3.07 | 2.82 | 1.90 | 1.86 | 1.45 | 1.20 | 1.15 | 0.95 | 0.57 | 0.75 | 0.13 | 0.11 | 0.06 | 0.05 | 0.03 | 0.34 | 0.27 | 0.25 | 0.23 |
| EPS Diluted | 3.22 | 3.35 | 3.73 | 1.83 | 3.33 | 3.20 | 2.83 | 1.93 | 2.01 | 1.66 | 2.02 | 1.66 | 1.18 | 0.62 | 0.67 | -3.82 | 1.99 | 2.13 | 2.77 | 2.68 | 3.03 | 2.76 | 1.86 | 1.83 | 1.43 | 1.17 | 1.13 | 0.95 | 0.57 | 0.75 | 0.12 | 0.11 | 0.06 | 0.05 | 0.03 | 0.34 | 0.27 | 0.25 | 0.23 |
| Weighted Avg Shares Out | 684.17M | 688.63M | 702.19M | 714.73M | 710.43M | 673.35M | 728.29M | 757.37M | 798.63M | 833.12M | 869.46M | 904.43M | 906.46M | 790.85M | 696.45M | 553.00M | 538.00M | 554.67M | 554.48M | 560.29M | 571.34M | 579.43M | 575.26M | 463.98M | 459.63M | 396.75M | 348.53M | 350.98M | 500.57M | 325.96M | 310.23M | 302.29M | 299.84M | 298.35M | 296.49M | 247.52M | 224.15M | 218.84M | 196.09M |
| Weighted Avg Shares Out (Dil) | 687.68M | 694.95M | 711.20M | 719.74M | 720.07M | 685.49M | 740.69M | 764.43M | 807.66M | 842.97M | 894.74M | 945.55M | 949.53M | 806.61M | 726.51M | 553.00M | 540.00M | 557.28M | 558.48M | 568.66M | 578.88M | 592.03M | 587.63M | 471.58M | 466.05M | 405.77M | 355.39M | 350.98M | 500.57M | 325.96M | 310.23M | 302.29M | 299.84M | 298.35M | 296.49M | 247.52M | 224.15M | 218.84M | 196.09M |
Fifth Third Unveils Expansion Strategy to Open More Than 200 Branches
FITB plans to open more than 200 retail branches by 2028, particularly in Southeast markets.
Fifth Third's Branch Expansion Strategy Driven by Data, Digital Tools
CINCINNATI--(BUSINESS WIRE)--Recently Fifth Third Bank (NASDAQ: FITB) unveiled plans to expand its retail branch footprint by opening more than 200 branches over the next four years, primarily in fast-growing Southeast markets. Speaking to investors at the BancAnalysts Association of Boston...
Fifth Third Bancorp to Participate in the Goldman Sachs U.S. Financial Services Conference
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Goldman Sachs U.S. Financial Services Conference on December 11, 2024 at approximately 8:00 AM ET. Tim Spence, chairman, chief executive officer and president, and Bryan Preston, executive vice president...
Fifth Third's Laurent Desmangles, Linda W. Clement-Holmes Recognized as 2024 Most Influential Corporate Directors by Savoy Magazine
CINCINNATI--(BUSINESS WIRE)--Fifth Third directors Laurent Desmangles and Linda W. Clement-Holmes have been named to Savoy Magazine's Most Influential Corporate Directors list.
Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President
CLEVELAND--(BUSINESS WIRE)--Fifth Third Bank, National Association, (Nasdaq: FITB) has announced Matt Nipper as Northern Ohio region president. Nipper succeeds Tom Partridge, who is serving as group regional president. As region president, Nipper is responsible for the growth and strategic alignment...
Fifth Third Kicks Off Second Annual ‘Swap, Snap, Share' Small Business Appreciation Campaign
CINCINNATI--(BUSINESS WIRE)--Small businesses across Fifth Third's 11-state footprint will feel the love this holiday shopping season: from now until Dec. 1, Fifth Third employees can enter their favorite local small business in a sweepstakes to win one of five $5,300...
Fifth Third Empowers Next Generation with Financial Literacy Solutions
CINCINNATI--(BUSINESS WIRE)--Extending its longstanding commitment to financial literacy, the Fifth Third Foundation is proud to support the development of a new tool that aims to make personal finance more accessible to young adults. Developed by and for students, REP4®FinLit will...
Fifth Third Wealth Advisors® Adds Team, Office in Winston-Salem, North Carolina
CINCINNATI--(BUSINESS WIRE)--Fifth Third Wealth Advisors®, a multi-custodial registered investment advisory firm, is pleased to announce its newest team and office in Winton-Salem, North Carolina. The following advisors joined the organization having managed $1.8 billion in client assets at their previous...
Fifth Third Private Bank Named Global Private Banking Award Winner, Honored as Best for Customer Service
CINCINNATI--(BUSINESS WIRE)--At a London-based event, Fifth Third Private Bank, a division of Fifth Third Bank, was named the Best Private Bank in North America for Customer Service. The recognition was part of the 2024 Global Private Banking Awards. The Global...
Fifth Third Bank to Decrease Prime Lending Rate to 7.75%
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 7.75%, effective immediately. The rate was last changed on September 18, 2024, when Fifth Third decreased its prime lending rate from 8.50% to 8.00%....
Source: https://incomestatements.info
Category: Stock Reports