Fifth Third Bancorp (FITB) Asset Writedowns and Impairment (2014 - 2019)

Fifth Third Bancorp has reported Asset Writedowns and Impairment for 6 years, with the latest figure at $41.0 million in Q1 2019.

• Quarterly Asset Writedowns and Impairment rose 217.14% year-over-year to $41.0 million in Q1 2019, while the trailing twelve-month figure through Dec 2019 was $41.0 million (up 158.57% YoY) and the FY2017 annual result came in at $57.0 million, down 78.24% from the prior year.
• Asset Writedowns and Impairment advanced to $41.0 million in Q1 2019 per FITB's latest filing, from -$58.0 million in the prior quarter.
• Over five years, Asset Writedowns and Impairment peaked at $271.0 million in Q4 2016 and troughed at -$58.0 million in Q4 2018.
• A 5-year average of $56.5 million and a median of $41.0 million in 2019 frame the typical range for Asset Writedowns and Impairment.
• The sharpest annual moves came in 2016 and 2018: Asset Writedowns and Impairment jumped 2363.64% in 2016, then slumped 177.33% in 2018.
• Over 5 years, Asset Writedowns and Impairment stood at $11.0 million in 2015, then surged by 2363.64% to $271.0 million in 2016, then tumbled by 72.32% to $75.0 million in 2017, then plunged by 177.33% to -$58.0 million in 2018, then jumped by 170.69% to $41.0 million in 2019.
• According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered $41.0 million, -$58.0 million, and $5.0 million for Q1 2019, Q4 2018, and Q3 2018 respectively.