Fifth Third Bancorp (FITB) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,2524,9586,1295,5565,59711,3655,116
Cash and cash equivalents3,2612,6812,5142,3922,5403,091 
Short-term investments3,9912,2773,6153,1643,0578,2745,116
Disposal group, including discontinued operation     1,261 
Total current assets:7,2524,9586,1295,5565,59712,6265,116
Noncurrent Assets
Property, plant and equipment2,0531,8612,0032,0652,2392,4652,531
Long-term investments and receivables 1,8101,7762,1032,1162,0792,110
Long-term investments 1,8101,7762,1032,1162,0792,110
Intangible assets, net (including goodwill)4,4912,5182,4722,4252,4282,4312,435
Goodwill4,2902,4782,4452,4162,4162,4162,416
Intangible assets, net (excluding goodwill)20140279121519
Regulated entity, other noncurrent assets 30 3334  
Total noncurrent assets:6,5446,2196,2516,6266,8176,9757,076
Other undisclosed assets157,283134,892129,813129,995128,668119,105118,251
TOTAL ASSETS:171,079146,069142,193142,177141,082138,706130,443
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4,0465734,0123,5351,5071,5561,380
Total current liabilities:4,0465734,0123,5351,5071,5561,380
Noncurrent Liabilities
Other undisclosed liabilities145,629129,246121,796122,410123,705121,485114,437
Total liabilities:149,675129,819125,808125,945125,212123,041115,817
Stockholders' equity
Stockholders' equity attributable to parent21,40416,25016,36516,20515,83915,62614,589
Preferred stock1,7701,3311,3311,3311,3311,3311,034
Common stock2,0512,0512,0512,0512,0512,0512,051
Treasury stock, value(5,427)(6,471)(5,002)(3,433)(2,764)(1,972)(1,295)
Additional paid in capital3,5892,8732,7902,7562,6662,6462,561
Accumulated other comprehensive income (loss)1,635(112)735919742982
Retained earnings17,78616,57815,12213,44112,35811,14110,156
Stockholders' equity attributable to noncontrolling interest  2027313937
Total stockholders' equity:21,40416,25016,38516,23215,87015,66514,626
TOTAL LIABILITIES AND EQUITY:171,079146,069142,193142,177141,082138,706130,443

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,9514,0883,9163,6553,5864,11976
Revenue, net   8476
Net investment income4,9434,1033,4933,2413,1593,306 
Financial services revenue423414427729 
Cost of revenue(389)(237)(261)(343)(396)(315)(229)
Provision for loan, lease, and other losses(389)(237)
Financial services costs(261)(343)(396)(315)(229)
Gross profit:4,5623,8513,6553,3123,1903,804(153)
Operating expenses(1,498)(1,312)(2,571)(2,516)(2,456)(3,233)(2,507)
Other operating income, net6706681,1715017882721,064
Noninterest income, other operating income7968871,357688979450879
Other expenses (219)(186)(187)(191)(178)185
Operating income (loss):3,7343,2072,2551,2971,522843(1,596)
Nonoperating income     184255
Investment income, nonoperating     205395
Bank owned life insurance income     4452
Mortgage servicing rights (msr) impairment (recovery)     (65)(192)
Interest and debt expense(1,437)(1,043)(691)(578)(495)(451)(412)
Other undisclosed income from continuing operations before equity method investments, income taxes6886011,2071,3461,3381,4524,351
Income from continuing operations before equity method investments, income taxes:2,9852,7652,7712,0652,3652,0282,598
Income from equity method investments     4877
Other undisclosed loss from continuing operations before income taxes      (77)
Income from continuing operations before income taxes:2,9852,7652,7712,0652,3652,0762,598
Income tax expense(736)(572)(577)(505)(659)(545)(772)
Income before gain (loss) on sale of properties:2,2492,1932,1941,5601,7061,5311,826
Other undisclosed net loss     (48) 
Net income:2,2492,1932,1941,5601,7061,4831,826
Net income (loss) attributable to noncontrolling interest     (2)10
Other undisclosed net income attributable to parent   46  
Net income attributable to parent:2,2492,1932,1941,5641,7121,4811,836
Other undisclosed net loss available to common stockholders, basic(83)(75)(75)(75)(75)(67)(37)
Net income available to common stockholders, basic:2,1662,1182,1191,4891,6371,4141,799
Other undisclosed net income available to common stockholders, diluted      18
Net income available to common stockholders, diluted:2,1662,1182,1191,4891,6371,4141,817

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2,2492,1932,1941,5601,7061,4831,826
Other comprehensive income (loss)2,410(183)14(138)(232)347(293)
Comprehensive income:4,6592,0102,2081,4221,4741,8301,533
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   46(4)(20)
Other undisclosed comprehensive income, net of tax, attributable to parent     230
Comprehensive income, net of tax, attributable to parent:4,6592,0102,2081,4261,4801,8281,543

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.

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: