Fifth Third Bancorp (FITBP) Income Statement Analysis

See more : CUCKOO Homesys Co., Ltd (284740.KS) Income Statement Analysis – Financial Results

Complete financial analysis of Fifth Third Bancorp (FITBP) 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.

You may be interested

Fifth Third Bancorp (FITBP)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.53.com

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 Bancorp Presents At Barclays Global Financial Services Conference

September 14, 2020seekingalpha.com

The following slide deck was published by Fifth Third Bancorp in conjunction with this event.

BTO: The Financial Sector Is Attractive, But This Fund Is A Bit Stretched

September 14, 2020seekingalpha.com

The financial sector is undervalued as the economy is hit from the pandemic, interest rates were cut to zero and that affects financials as well.

Fifth Third Bancorp (FITB) CEO Gregory Carmichael on Q2 2020 Results - Earnings Call Transcript

July 23, 2020seekingalpha.com

Fifth Third Bancorp (NASDAQ:FITB) Q2 2020 Earnings Conference Call July 23, 2020, 09:00 AM ET Company Participants Christopher Doll - Director, IR Gregory Carmichael - President and CEO Tayfun Tuzun - CFO Richard Stein - Chief Credit Officer James Leonard...

Fifth Third Bancorp 2020 Q2 - Results - Earnings Call Presentation

July 23, 2020seekingalpha.com

The following slide deck was published by Fifth Third Bancorp in conjunction with their 2020 Q2 earnings call.

The R.I.P. Portfolio's Q2 2020 Update

July 13, 2020seekingalpha.com

This real-money portfolio was first introduced to the Seeking Alpha community in December 2015. The portfolio underperformed its benchmark in Q2 2020 and it is lagging the S&P 500's performance since late 2015.