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

Fifth Third Bancorp reported in III. Quarter net earnings per share of $0.97 an increase by 24.36 % year on year from $0.78 and an improvement of 3.19 % from $0.94 realized in II. Quarter (Jun 30 2021).

*III. Quarter*
Earnings Per Share	Revenues
$ 0.97	$ 2,067 Mill
$+0.19 +24.36 %	$+160M +8.39 %

Fifth Third Bancorp's Revenue rose by 8.39 % in III. Quarter (Sep 30 2021) year on year, to $2,067 million and advanced by 0.15 % sequentially.

Fifth Third Bancorp is Expected to report next financial results on February 25, 2022.

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 $704 million in III. Quarter increased by 21.17 % from net earnings of $581 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -0.71 % from net income of $709.00 million realized in previous quarter.

More on FITB's Growth

Fifth Third Bancorp Income Growth by Division
• Retail 36% Y/Y,
• Investment Advisors 25% Y/Y • Commercial -28.5% Y/Y,
• General and other -35.95% Y/Y In III. Quarter company's net cash and cash equivalents decreased by $-72 million, capital expenditures grew by -3.92%, to $-98 millions compare to same quarter a year ago and fell by 48.48% from II. Quarter (Jun 30 2021).

More on FITB's Cash flow Statement

Earnings quality

Fifth Third Bancorp payed out dividend of $1.23 per share in last 52 weeks representing 33.88 % of net earning per share in trailing twelve-month period.

During the same period Fifth Third Bancorp payed $ -0.40 cash per share, on a free-cash flow basis .

Book value fell by -0.08 % sequentially to $31.90 per share.
Tangible Book value fell to $ 22.27 per share from $ 22.89.

Company repurchased 12.00 million shares or 1.67 % in III. Quarter.
Interest Coverage Ratio was 8.22. Debt Coverage Ratio was 0.27.

• More on FITB's Dividends

Market Capitalization (Millions)	29,995
Shares Outstanding (Millions)	706
Total Debt (Millions $)	12,368
Revenue (TTM) (Millions $)	8,212
Net Income (TTM) (Millions $)	2,712
Cash Flow (TTM) (Millions $)	217
Capital Exp. (TTM) (Millions $)	-294
Dividend TTM ($)	1.23 $
Dividend Yield TTM (%)	2.8 %
Employees (TTM) $	19,869

Earnings quality

• More on FITB's Balance Sheets

Market Capitalization (Millions)	29,995
Shares Outstanding (Millions)	706
Total Debt (Millions $)	12,368
Revenue (TTM) (Millions $)	8,212
Net Income (TTM) (Millions $)	2,712
Cash Flow (TTM) (Millions $)	217
Capital Exp. (TTM) (Millions $)	-294
Dividend TTM ($)	1.23 $
Dividend Yield TTM (%)	2.8 %
Employees (TTM) $	19,869

Operating Statistics	Decrease / Increase

• View Annual Report

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Fifth Third Bancorp

FITB's Financial Statements and Analysis