Fifth Third Bancorp (FITB)

Fifth Third Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	7,529	7,334	4,954	4,079	4,424	5,051
Interest Income on Investments	3,015	2,426	1,633	1,132	1,148	1,203
Total Interest Income	10,544	9,760	6,587	5,211	5,572	6,254
Interest Paid on Deposits	3,832	2,929	447	59	322	892
Interest Paid on Borrowings	1,104	1,004	531	382	468	565
Total Interest Expense	4,936	3,933	978	441	790	1,457
Net Interest Income	5,608	5,827	5,609	4,770	4,782	4,797
Net Interest Income Growth (YoY)	-6.35%	3.89%	17.59%	-0.25%	-0.31%	15.87%
Trust Income	630	581	570	586	520	487
Mortgage Banking Activities	220	250	215	270	320	287
Gain (Loss) on Sale of Assets	11	11	14	25	11	5
Gain (Loss) on Sale of Investments	-33	-32	-98	-14	36	563
Gain (Loss) on Sale of Equity Investments	17	52	22	30	12	12
Other Non-Interest Income	1,403	1,444	1,465	1,653	1,409	1,648
Total Non-Interest Income	2,861	2,883	2,777	3,150	2,867	3,567
Non-Interest Income Growth (YoY)	-0.69%	3.82%	-11.84%	9.87%	-19.62%	25.64%
Revenues Before Loan Losses	8,469	8,710	8,386	7,920	7,649	8,364
Provision for Loan Losses	406	515	563	-377	1,097	471
Revenue	8,063	8,195	7,823	8,297	6,552	7,893
Revenue Growth (YoY)	-2.02%	4.76%	-5.71%	26.63%	-16.99%	16.55%
Salaries and Employee Benefits	2,596	2,525	2,389	2,506	2,467	2,286
Occupancy Expenses	219	213	195	199	205	193
Selling, General & Administrative	1,018	1,023	954	863	856	969
Other Non-Interest Expense	1,429	1,442	1,179	1,177	1,182	1,197
Total Non-Interest Expense	5,262	5,203	4,717	4,745	4,710	4,645
EBT Excluding Unusual Items	2,801	2,992	3,106	3,552	1,842	3,248
Asset Writedown	-	-4	-13	-35	-45	-46
Pretax Income	2,801	2,988	3,093	3,517	1,797	3,202
Income Tax Expense	577	639	647	747	370	690
Earnings From Continuing Operations	2,224	2,349	2,446	2,770	1,427	2,512
Net Income	2,224	2,349	2,446	2,770	1,427	2,512
Preferred Dividends & Other Adjustments	158	137	118	118	110	114
Net Income to Common	2,066	2,212	2,328	2,652	1,317	2,398
Net Income Growth	-12.99%	-3.97%	-11.70%	94.11%	-43.19%	14.55%
Basic Shares Outstanding	684	684	689	702	715	710
Diluted Shares Outstanding	689	688	695	711	720	720
Shares Change (YoY)	-0.06%	-1.05%	-2.28%	-1.19%	-0.05%	5.04%
EPS (Basic)	3.02	3.23	3.38	3.78	1.84	3.38
EPS (Diluted)	3.00	3.22	3.35	3.73	1.83	3.33
EPS Growth	-14.56%	-3.88%	-10.19%	103.83%	-45.05%	8.82%
Dividend Per Share	1.420	1.360	1.260	1.140	1.080	0.940
Dividend Growth	5.97%	7.94%	10.53%	5.56%	14.89%	27.03%
Effective Tax Rate	20.60%	21.39%	20.92%	21.24%	20.59%	21.55%

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