Fifth Third Bancorp (FITB) Earnings Report, Financial Results, Financial analysis

Fifth Third Bancorp reported in II. Quarter net earnings per share of $0.23 a decrease by -59.65 % year on year from $0.57 and an improvement of 475 % from $0.04 realized in I. Quarter (Mar 31 2020).

*II. Quarter*
Earnings Per Share	Revenues
$ 0.23	$ 1,365 Mill
$-0.34 -59.65 %	$-455M -25 %

Fifth Third Bancorp's Revenue fell by -25 % in II. Quarter (Jun 30 2020) year on year, to $1,365 million and advanced by 8.33 % sequentially.

Fifth Third Bancorp is Expected to report next financial results on November 09, 2020.

More on FITB's Income Statement

Sales Growth by Division


	• Commercial 2.07% Y/Y, • Retail 8.23% Y/Y, • Investment Advisors 3.85% Y/Y


	• Consumer Lending -10.39% Y/Y, • General and other -32.09% Y/Y

FITB's Segments

FITB's NET INCOME

Fifth Third Bancorp's net income of $195 million in II. Quarter decreased by -56.95 % from net earnings of $453 million achieved in II. Quarter a year ago.

Sequentially net earnings grew by 323.91 % from net income of $46.00 million realized in previous quarter.

More on FITB's Growth

Fifth Third Bancorp Income Growth by Division

• Commercial -28.5% Y/Y,
• General and other -35.95% Y/Y • Retail 36% Y/Y,
• Investment Advisors 25% Y/Y

In II. Quarter company's net cash and cash equivalents decreased by $-61 million, capital expenditures grew by -15.71%, to $-59 millions compare to same quarter a year ago and rose by -20.27% from I. Quarter (Mar 31 2020).

More on FITB's Cash flow Statement

Earnings quality

Fifth Third Bancorp payed out dividend of $0.99 per share in last 52 weeks representing 50.77 % of net earning per share in trailing twelve-month period.

During the same period Fifth Third Bancorp earned $ 4.14 cash per share, on a free-cash flow basis 212.11 % of net earning per share.

Book value grew by 2.51 % sequentially to $31.13 per share, 178.79% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 22.48 per share from $ 21.74.

Company repurchased 2.79 million shares or 0.39 % in II. Quarter.
Interest Coverage Ratio was 2.59. Debt Coverage Ratio was 0.17.

• More on FITB's Dividends

Market Capitalization (Millions)	15,040
Shares Outstanding (Millions)	718
Total Debt (Millions $)	17,612
Revenue (TTM) (Millions $)	6,574
Net Income (TTM) (Millions $)	1,525
Cash Flow (TTM) (Millions $)	457
Capital Exp. (TTM) (Millions $)	-245
Dividend TTM ($)	0.99 $
Dividend Yield TTM (%)	5.15 %
Employees (TTM) $	18,351

Earnings quality

• More on FITB's Balance Sheets

Market Capitalization (Millions)	15,040
Shares Outstanding (Millions)	718
Total Debt (Millions $)	17,612
Revenue (TTM) (Millions $)	6,574
Net Income (TTM) (Millions $)	1,525
Cash Flow (TTM) (Millions $)	457
Capital Exp. (TTM) (Millions $)	-245
Dividend TTM ($)	0.99 $
Dividend Yield TTM (%)	5.15 %
Employees (TTM) $	18,351

Operating Statistics	Decrease / Increase

• View Annual Report

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Fifth Third Bancorp

FITB's Financial Statements and Analysis