Fifth Third Bancorp (FITB) Financial Statements (2024 and earlier)

Company Profile

Business Address 38 FOUNTAIN SQ PLZ
CINCINNATI, OH 45263
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,5949,08238,45437,4196,0894,958
Cash and cash equivalents   2,9943,1473,2782,681
Short-term investments23,5949,08235,46034,2722,8112,277
Total current assets:23,5949,08238,45437,4196,0894,958
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization126150145129 
Operating lease, right-of-use asset511508427423473
Property, plant and equipment2,3492,1872,1202,0881,9951,861
Long-term investments and receivables 2,3262,1532,0221,8721,7291,810
Long-term investments 2,3262,1532,0221,8721,7291,810
Intangible assets, net (including goodwill)5,0445,0844,6704,3974,4532,518
Goodwill4,9194,9154,5144,2584,2522,478
Intangible assets, net (excluding goodwill)12516915613920140
Regulated entity, other noncurrent assets 323224313330
Deferred income tax assets 1,4381,553   
Total noncurrent assets:11,82611,6679,4088,9408,6836,219
Other undisclosed assets179,154186,703163,254158,321154,597134,892
TOTAL ASSETS:214,574207,452211,116204,680169,369146,069
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,8614,8389801,1921,011573
Total current liabilities:2,8614,8389801,1921,011573
Noncurrent Liabilities
Other undisclosed liabilities192,541185,287187,926180,377147,155129,246
Total liabilities:195,402190,125188,906181,569148,166129,819
Equity
Equity, attributable to parent19,17217,32722,21023,11121,20316,250
Preferred stock2,1162,1162,1162,1161,7701,331
Common stock2,0512,0512,0512,0512,0512,051
Treasury stock, value(7,262)(7,103)(7,024)(5,676)(5,724)(6,471)
Additional paid in capital3,7573,6843,6243,6353,5992,873
Accumulated other comprehensive income (loss)(4,487)(5,110)1,2072,6011,192(112)
Retained earnings22,99721,68920,23618,38418,31516,578
Total equity:19,17217,32722,21023,11121,20316,250
TOTAL LIABILITIES AND EQUITY:214,574207,452211,116204,680169,369146,069

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues7,9905,0704,1214,4535,0954,088
Net investment income7,9905,0704,1214,4535,0924,103
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(515)(563) (1,097)(471)(237)
Gross profit:7,4754,5074,1213,3564,6243,851
Operating expenses(1,197)(1,126)(1,107)(1,096)(1,582)(1,312)
Other operating income (expense), net23(30)114(10)985668
Noninterest income, other operating income2072653322111,224887
Other expenses (184)(295)(218)(221)(239)(219)
Operating income:6,3013,3513,1282,2504,0273,207
Interest and debt expense(3,933)(978)(441)(790)(1,457)(1,043)
Other undisclosed income from continuing operations before equity method investments, income taxes    337632601
Income from continuing operations before equity method investments, income taxes:2,3682,3732,6871,7973,2022,765
Other undisclosed income from continuing operations before income taxes620720830   
Income from continuing operations before income taxes:2,9883,0933,5171,7973,2022,765
Income tax expense(639)(647)(747)(370)(690)(572)
Income from continuing operations:2,3492,4462,7701,4272,5122,193
Income before gain (loss) on sale of properties:2,7701,4272,5122,193
Net income attributable to parent:2,3492,4462,7701,4272,5122,193
Other undisclosed net loss available to common stockholders, basic(137)(116)(111)(104)(93)(75)
Net income available to common stockholders, diluted:2,2122,3302,6591,3232,4192,118

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:2,3492,4462,7701,4272,5122,193
Other comprehensive income (loss)623(6,317)(1,394)1,4091,304(183)
Comprehensive income (loss), net of tax, attributable to parent:2,972(3,871)1,3762,8363,8162,010

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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