Fifth Third Bancorp (LON: 0IM1)

Fifth Third Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	7,477	7,477	7,334	4,954	4,079	4,424
Interest Income on Investments	2,949	2,949	2,426	1,633	1,132	1,148
Total Interest Income	10,426	10,426	9,760	6,587	5,211	5,572
Interest Paid on Deposits	3,736	3,736	2,929	447	59	322
Interest Paid on Borrowings	1,060	1,060	1,004	531	382	468
Total Interest Expense	4,796	4,796	3,933	978	441	790
Net Interest Income	5,630	5,630	5,827	5,609	4,770	4,782
Net Interest Income Growth (YoY)	-3.38%	-3.38%	3.89%	17.59%	-0.25%	-0.31%
Trust Income	1,202	1,202	581	570	586	520
Mortgage Banking Activities	211	211	250	215	270	320
Gain (Loss) on Sale of Assets	-	-	11	14	25	11
Gain (Loss) on Sale of Investments	15	15	-32	-98	-14	36
Gain (Loss) on Sale of Equity Investments	-	-	52	22	30	12
Other Non-Interest Income	1,421	1,421	1,444	1,465	1,653	1,409
Total Non-Interest Income	2,849	2,849	2,883	2,777	3,150	2,867
Non-Interest Income Growth (YoY)	-1.18%	-1.18%	3.82%	-11.84%	9.87%	-19.62%
Revenues Before Loan Losses	8,479	8,479	8,710	8,386	7,920	7,649
Provision for Loan Losses	530	530	515	563	-377	1,097
Revenue	7,949	7,949	8,195	7,823	8,297	6,552
Revenue Growth (YoY)	-3.00%	-3.00%	4.76%	-5.71%	26.63%	-16.99%
Salaries and Employee Benefits	2,763	2,763	2,525	2,389	2,506	2,467
Occupancy Expenses	339	339	213	195	199	205
Selling, General & Administrative	874	874	1,023	954	863	856
Other Non-Interest Expense	1,057	1,057	1,442	1,179	1,177	1,182
Total Non-Interest Expense	5,033	5,033	5,203	4,717	4,745	4,710
EBT Excluding Unusual Items	2,916	2,916	2,992	3,106	3,552	1,842
Asset Writedown	-	-	-4	-13	-35	-45
Pretax Income	2,916	2,916	2,988	3,093	3,517	1,797
Income Tax Expense	602	602	639	647	747	370
Earnings From Continuing Operations	2,314	2,314	2,349	2,446	2,770	1,427
Net Income	2,314	2,314	2,349	2,446	2,770	1,427
Preferred Dividends & Other Adjustments	159	159	137	118	118	110
Net Income to Common	2,155	2,155	2,212	2,328	2,652	1,317
Net Income Growth	-1.49%	-1.49%	-3.97%	-11.70%	94.11%	-43.19%
Basic Shares Outstanding	682	682	684	689	702	715
Diluted Shares Outstanding	687	687	688	695	711	720
Shares Change (YoY)	-0.05%	-0.05%	-1.05%	-2.28%	-1.19%	-0.05%
EPS (Basic)	3.16	3.16	3.23	3.38	3.78	1.84
EPS (Diluted)	3.14	3.14	3.22	3.35	3.73	1.83
EPS Growth	-2.48%	-2.48%	-3.88%	-10.19%	103.83%	-45.05%
Dividend Per Share	1.440	1.440	1.360	1.260	1.140	1.080
Dividend Growth	5.88%	5.88%	7.94%	10.53%	5.56%	14.89%
Effective Tax Rate	20.64%	20.64%	21.39%	20.92%	21.24%	20.59%

Source: S&P Capital IQ. Banks template. Financial Sources.