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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 Bancorp Announces Earnings Release Dates for 2026
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp Announces Earnings Release Dates for 2026.
Fifth Third Launches Small Business Catalyst Fund in Partnership with Community Reinvestment Fund, USA
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank has partnered with Community Reinvestment Fund, USA (CRF) to launch the Small Business Catalyst Fund, a $7.85M investment that will empower small businesses across Fifth Third's 11-state footprint to grow and create jobs in their communities...
Fifth Third Named To Forbes' Best Customer Service List
CINCINNATI--(BUSINESS WIRE)--Fifth Third has been named to Forbes' Best for Customer Service 2025 list. This marks the second consecutive year Fifth Third's customer service efforts have been recognized by Forbes. “We put the customer in the center of everything we...
Fifth Third: Strong NIM And Higher Reserves Drive A Mixed Q3
Fifth Third Bancorp has gained over 75% in the past year but saw a 2% drop after mixed Q3 results. Despite stable deposits and improved net interest income, credit trends were slightly disappointing, with increased provisions for credit losses. FITB's...
Fifth Third Bancorp Doubled: Why I Believe It Has Still Room To Run
Fifth Third Bancorp stands out among regional banks with strong capital, dividend growth, and market share gains, but long-term banking sector risks remain. Despite a recent rally, FITB's valuation and higher loan loss provisions warrant caution; I recommend waiting for...
Fifth Third Bancorp Sees 10% Jump in Commercial Payment Business
Fifth Third Bancorp continues to see positive results from its commercial payments operation. The Ohio-based lender reported third-quarter earnings Friday (Oct. 18) showing revenues from that business up 10% year over year, with embedded payments solution Newline “adding industry leaders...
Fifth Third Bancorp Stock Slips on Worse-Than-Expected Profit
Fifth Third Bancorp (FITB) shares fell Friday as the Ohio-based bank posted a third-quarter profit drop as net interest income (NII) and noninterest income declined, and it put aside more money to cover bad loans.
Fifth Third Bancorp (FITB) Q3 2024 Earnings Call Transcript
Fifth Third Bancorp (NASDAQ:FITB ) Q3 2024 Results Conference Call October 18, 2024 9:00 AM ET Company Participants Matt Curoe - Director, IR Tim Spence - Chairman, CEO & President Bryan Preston - CFO Greg Schroeck - CCO Conference Call...
Fifth Third Q3 Earnings Beat on High Loan Demand, NII Declines Y/Y
FITB's Q3 2024 results benefit from increased loan demand and strong capital position. Yet, a decline in NII and fee income remains a concern.
Fifth Third CEO on Q3 Earnings, 'Uneven' US Economy
Fifth Third Bancorp Chair and CEO Tim Spence discusses the bank's third-quarter earnings, expansion in the southeastern US and the state of the economy on "Bloomberg Open Interest." Sign up for the Economics Daily newsletter to discover what's driving the...
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