See more : Prudential plc (PUK) Income Statement Analysis – Financial Results
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 Receives $50M Federal New Markets Tax Credits Allocation
CINCINNATI--(BUSINESS WIRE)--The Fifth Third New Markets Development Company has received a $50 million allocation in New Markets Tax Credits from the U.S. Department of the Treasury's Community Development Financial Institutions Fund. An affiliate of the Fifth Third Community Development Company,...
Fifth Third Ranked Among America's Climate Leaders 2024 by USA Today
CINCINNATI--(BUSINESS WIRE)--Fifth Third has earned recognition by USA Today as among America's Climate Leaders 2024.
FITB Stock Hits 52-Week High on Fed Rate Cut: Is It Worth Retaining?
The Fed's recent rate cut and Fifth Third's strategic expansion efforts are likely to have driven the stock to its 52-week high. Rising costs remain a concern.
Fifth Third Bank to Decrease Prime Lending Rate to 8.00%
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 8.00%, effective immediately. The rate was last changed on July 26, 2023, when Fifth Third increased its prime lending rate from 8.25% to 8.50%...
Moody's lifts outlook on four big regional banks to stable from negative
The debt outlook for Fifth Third Bancorp, First Citizens Bancshares Inc., Regions Financial Corp. and Huntington Bancshares Inc. has been raised to stable from negative by Moody's on healthier balance sheets from the four big regional banks.
Fifth Third Community Development Corp. President Susan E. Thomas Named Co-Chair of National Housing Crisis Task Force
CINCINNATI--(BUSINESS WIRE)--Fifth Third Community Development Corp. President Susan E. Thomas Named Co-Chair of National Housing Crisis Task Force.
Is Fifth Third Bancorp Stock Worth Watching Post a 6% Dividend Hike?
FITB rewards investors with a 6% hike in quarterly dividends. It also has bright long-term prospects which make it a fundamentally strong pick.
Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Shares 2 cents, or 6%, to $0.37 per Share
CINCINNATI--(BUSINESS WIRE)--Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A...
FITB Gives Q3 Update, Commercial Payment to Reach $1B in 5 Years
Fifth Third updates its third-quarter 2024 guidance while focusing on enhancing its commercial payment platform through strategic partnerships.
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Fifth Third Bancorp (FITB) have what it takes?
Source: https://incomestatements.info
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