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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,08238,45437,4196,0894,9586,129
Cash and cash equivalents  2,9943,1473,2782,6812,514
Short-term investments9,08235,46034,2722,8112,2773,615
Total current assets:9,08238,45437,4196,0894,9586,129
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization150145129 
Operating lease, right-of-use asset508427423473
Property, plant and equipment2,1872,1202,0881,9951,8612,003
Long-term investments and receivables 2,1532,0221,8721,7291,8101,776
Long-term investments 2,1532,0221,8721,7291,8101,776
Intangible assets, net (including goodwill)5,0844,6704,3974,4532,5182,472
Goodwill4,9154,5144,2584,2522,4782,445
Intangible assets, net (excluding goodwill)1691561392014027
Regulated entity, other noncurrent assets 3224313330 
Deferred income tax assets 1,553   
Total noncurrent assets:11,6679,4088,9408,6836,2196,251
Other undisclosed assets186,703163,254158,321154,597134,892129,813
TOTAL ASSETS:207,452211,116204,680169,369146,069142,193
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4,8389801,1921,0115734,012
Total current liabilities:4,8389801,1921,0115734,012
Noncurrent Liabilities
Other undisclosed liabilities185,287187,926180,377147,155129,246121,796
Total liabilities:190,125188,906181,569148,166129,819125,808
Equity
Equity, attributable to parent17,32722,21023,11121,20316,25016,365
Preferred stock 2,1162,1162,1161,7701,3311,331
Common stock 2,0512,0512,0512,0512,0512,051
Treasury stock, value(7,103)(7,024)(5,676)(5,724)(6,471)(5,002)
Additional paid in capital3,6843,6243,6353,5992,8732,790
Accumulated other comprehensive income (loss)(5,110)1,2072,6011,192(112)73
Retained earnings21,68920,23618,38418,31516,57815,122
Other undisclosed equity, attributable to parent      
Equity, attributable to noncontrolling interest      20
Total equity:17,32722,21023,11121,20316,25016,385
TOTAL LIABILITIES AND EQUITY:207,452211,116204,680169,369146,069142,193

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,0704,1214,4535,0954,0883,916
Net investment income5,0704,1214,4535,0924,1033,493
Cost of revenue(563) (1,097)(471)(237)(261)
Provision for loan, lease, and other losses(563) (1,097)(471)(237)
Financial services costs(261)
Gross profit:4,5074,1213,3564,6243,8513,655
Operating expenses(1,126)(1,107)(1,096)(1,582)(1,312)(2,571)
Other operating income (expense), net(30)114(10)9856681,171
Noninterest income, other operating income2653322111,2248871,357
Other expenses (295)(218)(221)(239)(219)(186)
Operating income:3,3513,1282,2504,0273,2072,255
Interest and debt expense(978)(441)(790)(1,457)(1,043)(691)
Other undisclosed income from continuing operations before equity method investments, income taxes   3376326011,207
Income from continuing operations before equity method investments, income taxes:2,3732,6871,7973,2022,7652,771
Other undisclosed income (loss) from continuing operations before income taxes720830    
Income from continuing operations before income taxes:3,0933,5171,7973,2022,7652,771
Income tax expense(647)(747)(370)(690)(572)(577)
Income from continuing operations:2,4462,7701,4272,5122,1932,194
Income before gain (loss) on sale of properties:2,7701,4272,5122,1932,194
Net income attributable to parent:2,4462,7701,4272,5122,1932,194
Other undisclosed net loss available to common stockholders, basic(116)(111)(104)(93)(75)(75)
Net income available to common stockholders, diluted:2,3302,6591,3232,4192,1182,119

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,4462,7701,4272,5122,1932,194
Other comprehensive income (loss)(6,317)(1,394)1,4091,304(183)14
Comprehensive income (loss), net of tax, attributable to parent:(3,871)1,3762,8363,8162,0102,208

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: