Fifth Third Bancorp (FITB) |
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Fifth Third Bancorp Income Statement Quarterly
FITB
Select the Financial Report: |
Period: |
Fiscal Year: |
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INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Interest and Fee Income, Loans and Leases |
1,890.00 |
1,899.00 |
1,831.00 |
1,714.00 |
1,575.00 |
Interest and Dividend Income, Securities, Operating |
450.00 |
444.00 |
437.00 |
439.00 |
440.00 |
Other Interest and Dividend Income |
308.00 |
186.00 |
102.00 |
60.00 |
59.00 |
Total Interest Income |
2,648.00 |
2,529.00 |
2,370.00 |
2,213.00 |
2,074.00 |
Interest Expense, Deposits |
952.00 |
844.00 |
655.00 |
478.00 |
299.00 |
Interest Expense, Short-term Borrowings |
278.00 |
245.00 |
253.00 |
213.00 |
196.00 |
0 |
3.00 |
2.00 |
5.00 |
5.00 |
2.00 |
Total Interest Expense |
1,233.00 |
1,091.00 |
913.00 |
696.00 |
497.00 |
Net Interest Income |
1,415.00 |
1,438.00 |
1,457.00 |
1,517.00 |
1,577.00 |
Provision
for loan losses |
55.00 |
119.00 |
177.00 |
164.00 |
181.00 |
Total Net Interest Income |
1,360.00 |
1,319.00 |
1,280.00 |
1,353.00 |
1,396.00 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
147.00 |
145.00 |
143.00 |
146.00 |
140.00 |
Revenue From Contract With Customer Including Assessed Tax |
147.00 |
149.00 |
144.00 |
137.00 |
140.00 |
Corporate banking |
- |
- |
- |
- |
- |
Other noninterest revenues |
56.00 |
55.00 |
74.00 |
22.00 |
69.00 |
Gain Loss On Sale Of Securities Net Economic Hedge Servicing Rights |
- |
- |
- |
- |
- |
Corporate Banking Revenue |
- |
- |
- |
- |
- |
Card And Processing Revenue |
106.00 |
104.00 |
106.00 |
100.00 |
102.00 |
Gain Loss On Disposition Of Property |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
- |
- |
- |
- |
- |
Investmentadvisorrevenue |
- |
- |
- |
- |
- |
Investment Advisor Revenue |
- |
- |
- |
- |
- |
Commercial Banking Revenue |
163.00 |
154.00 |
146.00 |
161.00 |
159.00 |
Other Non-Interest Income |
31.00 |
- |
15.00 |
17.00 |
67.00 |
Card And Processing Expense |
21.00 |
21.00 |
20.00 |
22.00 |
20.00 |
Operating Lease Expense |
27.00 |
29.00 |
31.00 |
34.00 |
35.00 |
Total Noninterest Income |
744.00 |
715.00 |
726.00 |
696.00 |
734.00 |
Total Revenues |
2,104.00 |
2,034.00 |
2,006.00 |
2,049.00 |
2,130.00 |
Salaries & employee benefits, SGA |
31.00 |
35.00 |
31.00 |
29.00 |
31.00 |
Equipment expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
83.00 |
84.00 |
83.00 |
81.00 |
81.00 |
Leasing Commissions Expense |
- |
- |
- |
- |
- |
Card processing |
- |
- |
- |
- |
- |
Restructuring & impairment charges |
- |
- |
- |
- |
- |
Marketing expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
480.00 |
238.00 |
266.00 |
253.00 |
249.00 |
Total noninterest revenues |
861.00 |
831.00 |
851.00 |
968.00 |
857.00 |
Total Operating
Expenses |
1,455.00 |
1,188.00 |
1,231.00 |
1,331.00 |
1,218.00 |
Total Costs & Expenses |
2,688.00 |
2,279.00 |
2,144.00 |
2,027.00 |
1,715.00 |
Income /-loss before income taxes |
649.00 |
846.00 |
775.00 |
718.00 |
912.00 |
Income taxes expenses/-benefit |
119.00 |
186.00 |
174.00 |
160.00 |
175.00 |
Income after income taxes |
530.00 |
660.00 |
601.00 |
558.00 |
737.00 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
530.00 |
660.00 |
601.00 |
558.00 |
737.00 |
Stockholders Equity Attributable to Noncontrolling Interest |
- |
- |
- |
- |
- |
Dividends on Preferred Stock |
- |
- |
- |
- |
- |
Net Income/-loss |
530.00 |
660.00 |
601.00 |
558.00 |
737.00 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
38.00 |
37.00 |
39.00 |
23.00 |
38.00 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
492.00 |
623.00 |
562.00 |
535.00 |
699.00 |
Per
Share (GAAP Quarterly, in $) |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Basic EPS (excl. extra
items) |
0.72 |
0.91 |
0.82 |
0.78 |
1.01 |
Extraordinary items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Basic Net EPS |
0.72 |
0.91 |
0.82 |
0.78 |
1.01 |
Basic shares outstanding (Mill.
of Units) |
684.42 |
684.22 |
684.03 |
684.02 |
688.70 |
EPS other shares |
- |
- |
- |
- |
- |
Diluted Net EPS |
0.72 |
0.91 |
0.82 |
0.78 |
1.01 |
Diluted average shares (Mill.
of Units) |
686.96 |
687.06 |
686.39 |
689.57 |
695.52 |
Dividend per share |
0.346 |
0.274 |
0.386 |
0.426 |
0.326 |
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