Fifth Third Bancorp
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Fifth Third Bancorp's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 1% to $8,195,000,000. Profit margin reached 29%. Total operating expenses were $3,761,000,000.
Profit Margin
| 2014 | 5.91B | 1.48B | 25.05% |
|---|---|---|---|
| 2015 | 6.38B | 1.71B | 26.82% |
| 2016 | 6.17B | 1.56B | 25.31% |
| 2017 | 6.89B | 2.19B | 31.83% |
| 2018 | 6.80B | 2.19B | 32.22% |
| 2019 | 8.20B | 2.51B | 30.62% |
| 2020 | 7.49B | 1.42B | 19.05% |
| 2021 | 7.79B | 2.77B | 35.52% |
| 2022 | 8.29B | 2.44B | 29.49% |
| 2023 | 8.19B | 2.34B | 28.66% |
FITB Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 8.19B | 8.29B | 7.79B | 7.49B | 8.20B | 6.80B | 6.89B | 6.17B | 6.38B | 5.91B |
Cost of revenue | -4.44B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 12.64B | 8.29B | 7.79B | 7.49B | 8.20B | 6.80B | 6.89B | 6.17B | 6.38B | 5.91B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 126M | 118M | 107M | 104M | 162M | 147M | 114M | 104M | 110M | 98M |
Total operating expenses | 3.76B | -4.22B | -4.28B | -5.69B | -5.00B | -2.99B | -3.43B | -3.53B | -3.51B | -3.43B |
Operating income | 4.43B | 4.07B | 3.51B | 1.79B | 3.20B | 3.80B | 3.46B | 2.64B | 2.86B | 2.47B |
Other income (expenses), net | -1.44B | -978M | 3.51B | -1.22B | 3.20B | -1.04B | -1.20B | -582M | -1.07B | -1.06B |
Income before tax | 2.98B | 3.09B | 3.51B | 1.79B | 3.20B | 2.76B | 2.77B | 2.06B | 2.36B | 2.02B |
Income tax expense | 639M | 647M | 747M | 370M | 690M | 572M | 577M | 505M | 659M | 545M |
Net income | 2.34B | 2.44B | 2.77B | 1.42B | 2.51B | 2.19B | 2.19B | 1.56B | 1.71B | 1.48B |
Earnings per share | ||||||||||
Basic EPS | 3.23 | 3.38 | 3.78 | 1.84 | 3.38 | 3.26 | 2.88 | 1.95 | 2.03 | 1.68 |
Diluted EPS | 3.22 | 3.35 | 3.73 | 1.83 | 3.33 | 3.2 | 2.83 | 1.93 | 2.01 | 1.66 |
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