Fifth Third Bancorp (FITB) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,4196,0894,9586,1295,5565,59711,365
Cash and cash equivalents3,1473,2782,6812,5142,3922,5403,091
Short-term investments34,2722,8112,2773,6153,1643,0578,274
Disposal group, including discontinued operation      1,261
Total current assets:37,4196,0894,9586,1295,5565,59712,626
Noncurrent Assets
Finance lease, right-of-use asset129 
Operating lease, right-of-use asset423473
Property, plant and equipment2,0881,9951,8612,0032,0652,2392,465
Long-term investments and receivables1,8721,7291,8101,7762,1032,1162,079
Long-term investments1,8721,7291,8101,7762,1032,1162,079
Intangible assets, net (including goodwill)4,3974,4532,5182,4722,4252,4282,431
Goodwill4,2584,2522,4782,4452,4162,4162,416
Intangible assets, net (excluding goodwill)139201402791215
Regulated entity, other noncurrent assets313330 3334 
Total noncurrent assets:8,9408,6836,2196,2516,6266,8176,975
Other undisclosed assets158,321154,597134,892129,813129,995128,668119,105
TOTAL ASSETS:204,680169,369146,069142,193142,177141,082138,706
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,1921,0115734,0123,5351,5071,556
Total current liabilities:1,1921,0115734,0123,5351,5071,556
Noncurrent Liabilities
Other undisclosed liabilities180,377147,155129,246121,796122,410123,705121,485
Total liabilities:181,569148,166129,819125,808125,945125,212123,041
Stockholders' equity
Stockholders' equity attributable to parent23,11121,20316,25016,36516,20515,83915,626
Preferred stock2,1161,7701,3311,3311,3311,3311,331
Common stock2,0512,0512,0512,0512,0512,0512,051
Treasury stock, value(5,676)(5,724)(6,471)(5,002)(3,433)(2,764)(1,972)
Additional paid in capital3,6353,5992,8732,7902,7562,6662,646
Accumulated other comprehensive income (loss)2,6011,192(112)7359197429
Retained earnings18,38418,31516,57815,12213,44112,35811,141
Stockholders' equity attributable to noncontrolling interest   20273139
Total stockholders' equity:23,11121,20316,25016,38516,23215,87015,665
TOTAL LIABILITIES AND EQUITY:204,680169,369146,069142,193142,177141,082138,706

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,4535,0954,0883,9163,6553,5864,119
Net investment income4,4535,0924,1033,4933,2413,1593,306
Financial services revenue423414427729
Cost of revenue(1,097)(471)(237)(261)(343)(396)(315)
Provision for loan, lease, and other losses(1,097)(471)(237)
Financial services costs(261)(343)(396)(315)
Gross profit:3,3564,6243,8513,6553,3123,1903,804
Operating expenses(1,096)(1,582)(1,312)(2,571)(2,516)(2,456)(3,233)
Other operating income (expense), net(10)9856681,171501788272
Noninterest income, other operating income2111,2248871,357688979450
Other expenses(221)(239)(219)(186)(187)(191)(178)
Operating income:2,2504,0273,2072,2551,2971,522843
Nonoperating income      184
Investment income, nonoperating      205
Bank owned life insurance income      44
Mortgage servicing rights (msr) impairment (recovery)      (65)
Interest and debt expense(790)(1,457)(1,043)(691)(578)(495)(451)
Other undisclosed income from continuing operations before equity method investments, income taxes3376326011,2071,3461,3381,452
Income from continuing operations before equity method investments, income taxes:1,7973,2022,7652,7712,0652,3652,028
Income from equity method investments      48
Income from continuing operations before income taxes:1,7973,2022,7652,7712,0652,3652,076
Income tax expense(370)(690)(572)(577)(505)(659)(545)
Income before gain (loss) on sale of properties:1,4272,5122,1932,1941,5601,7061,531
Other undisclosed net loss      (48)
Net income:1,4272,5122,1932,1941,5601,7061,483
Net loss attributable to noncontrolling interest      (2)
Other undisclosed net income attributable to parent    46 
Net income attributable to parent:1,4272,5122,1932,1941,5641,7121,481
Other undisclosed net loss available to common stockholders, basic(104)(93)(75)(75)(75)(75)(67)
Net income available to common stockholders, diluted:1,3232,4192,1182,1191,4891,6371,414

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,4272,5122,1932,1941,5601,7061,483
Other comprehensive income (loss)1,4091,304(183)14(138)(232)347
Comprehensive income:2,8363,8162,0102,2081,4221,4741,830
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    46(4)
Other undisclosed comprehensive income, net of tax, attributable to parent      2
Comprehensive income, net of tax, attributable to parent:2,8363,8162,0102,2081,4261,4801,828

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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