See more : BW Energy Limited (BWE.OL) 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 Bancorp (FITB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Fifth Third Bancorp (FITB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the...
Fifth Third Bancorp (FITB) Q2 Earnings Beat Estimates
Fifth Third Bancorp (FITB) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.87 per share a year ago.
Fifth Third Bancorp quarterly profit dips on interest income weakness
Fifth Third Bancorp reported a fall in second-quarter profit on Friday, as costlier deposits eroded the regional lender's interest income.
Fifth Third Bancorp Reports Second Quarter 2024 Diluted Earnings Per Share of $0.81
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB): Key Financial Data Key Highlights ...
Why Fifth Third (FITB) Might Surprise This Earnings Season
Fifth Third (FITB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Fifth Third Bancorp Q2 Earnings Preview: NIM Improvement Likely Priced In (Rating Downgrade)
Fifth Third Bancorp shares are up 44% since the regional banking crisis, near a 52-week high and my prior price target. Q1 showed margin improvement with stable deposits and strong credit quality. I am anticipating a NIM rise and flat...
Fee Income to Support Fifth Third's (FITB) Earnings in Q2
Decent growth in fee income, driven by lower mortgage rates and improved commercial and industrial loan demand, is likely to have aided Fifth Third's (FITB) Q2 performance.
Will Fifth Third Bancorp (FITB) Beat Estimates Again in Its Next Earnings Report?
Fifth Third Bancorp (FITB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Fifth Third Bancorp (FITB) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
Fifth Third Bancorp (FITB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Students Earn Fifth Third Education Scholarships from the Fifth Third Foundation
CINCINNATI--(BUSINESS WIRE)--Since its founding in 1948, the Fifth Third Foundation has made education programs a key priority. In 2005, Fifth Third established its Scholarship Program to award one-time, $2,500 scholarships annually to children of Fifth Third employees for study at...
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