FIFTH THIRD BANCORP
10-K & 10-Q Filings
Fifth Third Bancorp is a bank holding company headquartered in Cincinnati, Ohio. It is the indirect holding company of Fifth Third Bank, National Association. The company operates in three main businesses: Commercial Banking, Consumer and Small Business Banking, and Wealth & Asset Management. Fifth Third had $215 billion in assets as of December 31, 2023, and operates in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. The company's common stock is traded on the NASDAQ Global Select Market under the symbol "FITB." The Bancorp's website is www.53.com, and information on or accessible through the website is not deemed to be incorporated into this report. The company's human capital strategy is designed to attract, develop, and retain talent, with a focus on equality, equity, and inclusion. The Bancorp competes for deposits, loans, and other banking services in its principal geographic markets and in selected national markets. It is subject to extensive regulation and supervision under federal and state laws and regulations applicable to financial institutions and their parent companies.
12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$3134.00
3292.00
3332.00
3264.00
3137.00
3272.00
3537.00
3903.00
4326.00
3685.00
5147.00
5046.00
5312.00
4.50%5.27%Net Interest Income (+)$3557.00
3595.00
3561.00
3579.00
3533.00
3615.00
3798.00
4140.00
4797.00
4782.00
4770.00
5609.00
5827.00
4.20%3.89%Interest Expense (-)$661.00
512.00
412.00
451.00
495.00
578.00
691.00
1043.00
1457.00
790.00
441.00
978.00
3933.00
16.02%302.15%Non Interest Income (+)$-423.00
-303.00
-229.00
-315.00
-396.00
-343.00
-261.00
-237.00
-471.00
-1097.00
377.00
-563.00
-515.00
8.53%Selling, General & Administrative (-)$
244.00
244.00
249.00
247.00
-0.80%Marketing Expenses (-)$
104.00
107.00
118.00
126.00
6.78%Operating Expenses (-)$3758.00
4081.00
3961.00
3709.00
3775.00
3903.00
3990.00
3928.00
4660.00
4718.00
4748.00
4719.00
5205.00
2.75%10.30%Operating Income/Loss (+)$-624.00
-789.00
-629.00
-445.00
-638.00
-631.00
-453.00
-25.00
-334.00
-1033.00
399.00
327.00
107.00
-67.28%Provision for Loan Loss (-)$423.00
303.00
229.00
315.00
396.00
343.00
261.00
237.00
471.00
1097.00
-377.00
563.00
515.00
1.65%-8.53%Earnings before Tax (+)$1831.00
2210.00
2598.00
2028.00
2365.00
2065.00
2771.00
2765.00
3202.00
1797.00
3517.00
3093.00
2988.00
4.17%-3.39%Tax Expense (-)$533.00
636.00
772.00
545.00
659.00
505.00
577.00
572.00
690.00
370.00
747.00
647.00
639.00
1.52%-1.24%Income/Loss (Continuing Operations) (+)$1298.00
1574.00
1826.00
1483.00
1706.00
1560.00
2194.00
2193.00
2512.00
1427.00
2770.00
2446.00
2349.00
5.07%-3.97%Profit/Loss (+)$1298.00
1574.00
1826.00
1483.00
1706.00
1560.00
2194.00
2193.00
2512.00
Net Income/Loss (NCI) (-)
$1.00
-2.00
-10.00
2.00
-6.00
-4.00
Net Income/Loss (+)
$1297.00
1576.00
1836.00
1481.00
1712.00
1564.00
2194.00
2193.00
2512.00
1427.00
2770.00
2446.00
2349.00
5.07%-3.97%Preferred & Other Distributions (-)$203.00
35.00
37.00
67.00
75.00
75.00
75.00
75.00
93.00
104.00
111.00
116.00
137.00
-3.22%18.10%Net Income/Loss (Common) (+)$1094.00
1541.00
1799.00
1414.00
1637.00
1489.00
2119.00
2118.00
2419.00
1323.00
2659.00
2330.00
2212.00
6.04%-5.06%EPS (Basic)$1.20
1.69
2.05
1.68
2.03
1.95
2.88
3.11
3.38
1.84
3.78
3.38
3.23
8.60%-4.44%EPS (Diluted)$1.18
1.66
2.02
1.66
2.01
1.93
2.83
3.06
3.33
1.83
3.73
3.35
3.22
8.73%-3.88%Weighted Avg Shares (Basic)919.82
904.43
869.46
833.12
798.63
757.43
728.29
673.35
710.43
715.00
702.19
689.00
684.17
-2.44%-0.70%Weighted Avg Shares (Diluted)945.55
894.74
842.97
807.66
764.50
740.69
685.49
720.07
720.00
711.20
695.00
688.00
-1.01%Cash$2663.00
2441.00
3178.00
3091.00
2540.00
2392.00
2514.00
2681.00
3278.00
3147.00
2994.00
3466.00
3142.00
1.39%-9.35%Short-term Investments$1781.00
2421.00
5116.00
7914.00
2671.00
2754.00
2753.00
1825.00
1950.00
33399.00
34948.00
8668.00
22695.00
23.62%161.83%Securities & Long-term Investments$94806.00
83928.00
87032.00
113289.00
91310.00
122028.00
122594.00
127010.00
144698.00
106329.00
149909.00
172954.00
167969.00
4.88%-2.88%Property, Plant & Equipment (Net)$2944.00
3123.00
3261.00
3193.00
2946.00
2803.00
2649.00
2379.00
2843.00
2088.00
2120.00
2187.00
2349.00
-1.86%7.41%Goodwill & Intangibles$2457.00
2443.00
2435.00
2431.00
2428.00
2425.00
2472.00
2518.00
4453.00
4397.00
4670.00
5084.00
5044.00
6.18%-0.79%Other Assets$12316.00
27538.00
29421.00
8788.00
39187.00
9775.00
9211.00
9656.00
12147.00
55320.00
16475.00
15093.00
13375.00
0.69%-11.38%Assets (Total)$116967.00
121894.00
130443.00
138706.00
141082.00
142177.00
142193.00
146069.00
169369.00
204680.00
211116.00
207452.00
214574.00
5.19%3.43%Deposits$85710.00
89517.00
99275.00
101712.00
103205.00
103821.00
103162.00
108835.00
127062.00
159081.00
169324.00
163690.00
168912.00
5.82%3.19%Accounts Payable$1469.00
1708.00
1758.00
2020.00
2164.00
1800.00
1412.00
1562.00
2441.00
2614.00
2233.00
1822.00
2195.00
3.40%20.47%Debt (Current)$3239.00
6280.00
1380.00
1556.00
1507.00
3535.00
4012.00
573.00
1011.00
1192.00
980.00
4838.00
2861.00
-1.03%-40.86%Securities (Liabilities)$346.00
901.00
284.00
144.00
151.00
132.00
174.00
1925.00
260.00
300.00
281.00
180.00
193.00
-4.75%7.22%Debt (Non-current)$12921.00
13365.00
11013.00
16523.00
17351.00
17923.00
18916.00
14999.00
15981.00
16165.00
12801.00
18552.00
19241.00
3.37%3.71%Other Liabilities$31.00
2107.00
1086.00
834.00
1925.00
1411.00
2217.00
3287.00
1043.00
2000.00
41.52%91.75%Liabilities (Total)$103716.00
108130.00
115817.00
123041.00
125212.00
125945.00
125808.00
129819.00
148166.00
181569.00
188906.00
190125.00
195402.00
5.42%2.78%Treasury Stock$64.00
634.00
1295.00
1972.00
2764.00
3433.00
5002.00
6471.00
5724.00
5676.00
7024.00
7103.00
7262.00
48.33%2.24%Retained Earnings$7554.00
8768.00
10156.00
11141.00
12358.00
13441.00
15122.00
16578.00
18315.00
18384.00
20236.00
21689.00
22997.00
9.72%6.03%AOCI$470.00
375.00
82.00
429.00
197.00
59.00
73.00
-112.00
1192.00
2601.00
1207.00
-5110.00
-4487.00
12.19%Shareholder's Equity$13251.00
13764.00
14626.00
15665.00
15870.00
16232.00
16385.00
16250.00
21203.00
23111.00
22210.00
17327.00
19172.00
3.13%10.65%Liabilities & Equity$116967.00
121894.00
130443.00
138706.00
141082.00
142177.00
142193.00
146069.00
169369.00
204680.00
211116.00
207452.00
214574.00
5.19%3.43%Net Income/Loss$1298.00
1574.00
1826.00
1483.00
1706.00
1560.00
2194.00
2193.00
2512.00
1427.00
2770.00
2446.00
2349.00
5.07%-3.97%Depreciation & Amortization$455.00
531.00
507.00
414.00
441.00
453.00
341.00
360.00
472.00
492.00
349.00
436.00
462.00
0.13%5.96%Increase/Decrease in Working Capital$123.00
-344.00
-2818.00
188.00
-156.00
-76.00
182.00
-418.00
888.00
2780.00
-77.00
-3094.00
-1056.00
65.87%Share-based Compensation$59.00
69.00
78.00
83.00
100.00
111.00
118.00
127.00
132.00
123.00
120.00
165.00
169.00
9.17%2.42%Adjustments to Reconcile Net Income$1068.00
983.00
2757.00
593.00
712.00
536.00
-700.00
663.00
-688.00
-1056.00
-66.00
3982.00
2160.00
6.05%-45.76%Net Cash (Operating)$2366.00
2557.00
4595.00
2076.00
2418.00
2114.00
1494.00
2856.00
1824.00
371.00
2704.00
6428.00
4509.00
5.52%-29.85%Capital Expenditure$610.00
1115.00
3142.00
3056.00
-5031.00
313.00
190.00
2721.00
-9796.00
31718.00
1462.00
-24961.00
14215.00
30.00%156.95%Net Cash (Investing)$-5285.00
-6533.00
-10184.00
-8938.00
-3931.00
-2887.00
414.00
-4141.00
-797.00
-31902.00
-7968.00
-4871.00
-9488.00
-94.79%Increase/Decrease in Debt$6889.00
4489.00
3851.00
11321.00
2337.00
1771.00
381.00
3539.00
1902.00
31777.00
7693.00
-3730.00
7851.00
1.10%310.48%Increase/Decrease in Equity$1368.00
1034.00
297.00
-850.00
-661.00
-1605.00
-1453.00
-1521.00
346.00
-1393.00
-100.00
-200.00
-100.00%Dividends Paid$242.00
344.00
430.00
490.00
497.00
454.00
505.00
565.00
753.00
858.00
897.00
927.00
1060.00
13.10%14.35%Net Cash (Financing)$3423.00
3754.00
6326.00
6775.00
962.00
625.00
-1786.00
1452.00
-430.00
31400.00
5111.00
-1085.00
4655.00
2.59%529.03%Increase/Decrease in Cash$504.00
-222.00
737.00
-87.00
-551.00
-148.00
122.00
167.00
597.00
-131.00
-153.00
472.00
-324.00
-168.64%Cash (Beginning)$2159.00
2663.00
2441.00
3178.00
3091.00
2540.00
2392.00
2514.00
2681.00
3278.00
3147.00
2994.00
3466.00
4.02%15.76%Cash (Ending)$2663.00
2441.00
3178.00
3091.00
2540.00
2392.00
2514.00
2681.00
3278.00
3147.00
2994.00
3466.00
3142.00
1.39%-9.35%NOPAT$-442.35
-561.94
-442.09
-325.41
-460.22
-476.69
-358.67
-19.83
-262.03
-820.31
314.25
258.60
84.12
-67.47%Operating Margin %-19.91%
-23.97%
-18.88%
-13.63%
-20.34%
-19.28%
-12.81%
-0.64%
-7.72%
-28.03%
7.75%
6.48%
2.01%
NOPAT Margin %-14.11%
-17.07%
-13.27%
-9.97%
-14.67%
-14.57%
-10.14%
-0.51%
-6.06%
-22.26%
6.11%
5.12%
1.58%
Net Margin %41.38%
47.87%
55.10%
45.37%
54.57%
47.80%
62.03%
56.19%
58.07%
38.72%
53.82%
48.47%
44.22%
Tax Rate %29.11%
28.78%
29.72%
26.87%
27.86%
24.46%
20.82%
20.69%
21.55%
20.59%
21.24%
20.92%
21.39%
ROA-0.38%
-0.46%
-0.34%
-0.23%
-0.33%
-0.34%
-0.25%
-0.01%
-0.15%
-0.40%
0.15%
0.12%
0.04%
ROE-3.34%
-4.08%
-3.02%
-2.08%
-2.90%
-2.94%
-2.19%
-0.12%
-1.24%
-3.55%
1.41%
1.49%
0.44%
Equity Multiplier8.83
8.86
8.92
8.85
8.89
8.76
8.68
8.99
7.99
8.86
9.51
11.97
11.19
Debt/Equity Ratio7.69
7.93
7.63
7.65
7.69
7.72
7.70
7.66
6.79
7.63
8.24
10.80
9.96
Dividend Payout Ratio %54.71%
61.22%
97.26%
150.58%
107.99%
95.24%
140.80%
2849.48%
287.38%
104.60%
285.44%
358.47%
1260.14%
Total Payout$-1126.00
344.00
-604.00
193.00
1347.00
1115.00
2110.00
2018.00
2274.00
512.00
2290.00
1027.00
1260.00
22.69%Payout Ratio %-254.55%
61.22%
-136.62%
59.31%
292.68%
233.91%
588.28%
10177.42%
867.85%
62.42%
728.71%
397.14%
1497.91%