See more : Bait Bakfar Ltd (BKFR.TA) 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 Bank Receives 2024 CSO Award
CINCINNATI--(BUSINESS WIRE)--Fifth Third has been named a winner of a 2024 CSO Award from Foundry's CSO. This honor is given to a select group of organizations that have implemented security projects and initiatives demonstrating outstanding business value and thought leadership....
Fifth Third Named 2024 National Best and Brightest in Wellness Winner by National Association for Business Resources
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank is pleased to announce it has been named one of the Nation's Best and Brightest in Wellness by the National Association for Business Resources (NABR). The companies who made this list prioritize employee health, well-being, and...
Fifth Third Bancorp (FITB) Could Be a Great Choice
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Fifth Third Bancorp Announces Cash Dividends
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...
Fifth Third (FITB) Gains on New Buyback Deal, Offers Q2 Update
Fifth Third (FITB) announces new share repurchase agreement to buy back nearly $125 million shares. At the Morgan Stanley conference, it provides updated guidance for second-quarter 2024.
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CINCINNATI--(BUSINESS WIRE)--Fifth Third has announced the opening of its sixth commercial banking office in California with a new location in Bakersfield. The expansion exemplifies the Bank's continued investment in the California market. Located in the Central Valley, the office covers...
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Fifth Third Named 2024 Enterprise Identity Management Project of the Year by the Identity Defined Security Alliance
CINCINNATI--(BUSINESS WIRE)--For the last four years, Fifth Third Bank has been on a modernization transformation journey to secure and enable its customers and employees. These efforts have been recognized by the Identity Defined Security Alliance (IDSA), which named the Bank...
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Source: https://incomestatements.info
Category: Stock Reports