Fifth Third Bancorp (FITB) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38,45437,4196,0894,9586,1295,5565,597
Cash and cash equivalents2,9943,1473,2782,6812,5142,3922,540
Short-term investments35,46034,2722,8112,2773,6153,1643,057
Total current assets:38,45437,4196,0894,9586,1295,5565,597
Noncurrent Assets
Finance lease, right-of-use asset145129 
Operating lease, right-of-use asset427423473
Property, plant and equipment2,1202,0881,9951,8612,0032,0652,239
Long-term investments and receivables2,0221,8721,7291,8101,7762,1032,116
Long-term investments2,0221,8721,7291,8101,7762,1032,116
Intangible assets, net (including goodwill)4,6704,3974,4532,5182,4722,4252,428
Goodwill4,5144,2584,2522,4782,4452,4162,416
Intangible assets, net (excluding goodwill)1561392014027912
Regulated entity, other noncurrent assets24313330 3334
Total noncurrent assets:9,4088,9408,6836,2196,2516,6266,817
Other undisclosed assets163,254158,321154,597134,892129,813129,995128,668
TOTAL ASSETS:211,116204,680169,369146,069142,193142,177141,082
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt9801,1921,0115734,0123,5351,507
Total current liabilities:9801,1921,0115734,0123,5351,507
Noncurrent Liabilities
Other undisclosed liabilities187,926180,377147,155129,246121,796122,410123,705
Total liabilities:188,906181,569148,166129,819125,808125,945125,212
Stockholders' equity
Stockholders' equity attributable to parent22,21023,11121,20316,25016,36516,20515,839
Preferred stock2,1162,1161,7701,3311,3311,3311,331
Common stock2,0512,0512,0512,0512,0512,0512,051
Treasury stock, value(7,024)(5,676)(5,724)(6,471)(5,002)(3,433)(2,764)
Additional paid in capital3,6243,6353,5992,8732,7902,7562,666
Accumulated other comprehensive income (loss)1,2072,6011,192(112)7359197
Retained earnings20,23618,38418,31516,57815,12213,44112,358
Stockholders' equity attributable to noncontrolling interest    202731
Total stockholders' equity:22,21023,11121,20316,25016,38516,23215,870
TOTAL LIABILITIES AND EQUITY:211,116204,680169,369146,069142,193142,177141,082

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,1214,4535,0954,0883,9163,6553,586
Net investment income4,1214,4535,0924,1033,4933,2413,159
Cost of revenue (1,097)(471)(237)(261)(343)(396)
Provision for loan, lease, and other losses (1,097)(471)(237)
Financial services costs(261)(343)(396)
Gross profit:4,1213,3564,6243,8513,6553,3123,190
Operating expenses(1,107)(1,096)(1,582)(1,312)(2,571)(2,516)(2,456)
Other operating income (expense), net114(10)9856681,171501788
Noninterest income, other operating income3322111,2248871,357688979
Other expenses(218)(221)(239)(219)(186)(187)(191)
Operating income:3,1282,2504,0273,2072,2551,2971,522
Interest and debt expense(441)(790)(1,457)(1,043)(691)(578)(495)
Other undisclosed income from continuing operations before equity method investments, income taxes 3376326011,2071,3461,338
Income from continuing operations before equity method investments, income taxes:2,6871,7973,2022,7652,7712,0652,365
Other undisclosed income from continuing operations before income taxes830      
Income from continuing operations before income taxes:3,5171,7973,2022,7652,7712,0652,365
Income tax expense(747)(370)(690)(572)(577)(505)(659)
Net income:2,7701,4272,5122,1932,1941,5601,706
Other undisclosed net income attributable to parent     46
Net income attributable to parent:2,7701,4272,5122,1932,1941,5641,712
Other undisclosed net loss available to common stockholders, basic(111)(104)(93)(75)(75)(75)(75)
Net income available to common stockholders, diluted:2,6591,3232,4192,1182,1191,4891,637

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,7701,4272,5122,1932,1941,5601,706
Other comprehensive income (loss)(1,394)1,4091,304(183)14(138)(232)
Comprehensive income:1,3762,8363,8162,0102,2081,4221,474
Comprehensive income, net of tax, attributable to noncontrolling interest     46
Comprehensive income, net of tax, attributable to parent:1,3762,8363,8162,0102,2081,4261,480

Statements sources

The financial statements are based on the company's filings with the 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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