Fifth Third Bancorp (FITB) Asset Writedowns and Impairment (2014 - 2020)

Fifth Third Bancorp has disclosed Asset Writedowns and Impairment across 7 years of filings, most recently posting $95.0 million for Q1 2020.

• In Q1 2020, Asset Writedowns and Impairment rose 131.71% year-over-year to $95.0 million; the TTM figure through Dec 2020 stood at $95.0 million (down 26.92% YoY), while the FY2019 annual figure was $130.0 million, up 94.03% from the prior year.
• Asset Writedowns and Impairment came in at $95.0 million for Q1 2020 at Fifth Third Bancorp, up from $51.0 million in the prior quarter.
• In the past five years, Asset Writedowns and Impairment ranged from a high of $128.0 million in Q1 2016 to a low of -$73.0 million in Q4 2016.
• Average Asset Writedowns and Impairment over 5 years is $43.6 million, with a median of $41.0 million recorded in 2019.
• Year-over-year, Asset Writedowns and Impairment slumped 763.64% in 2016 and soared 466.67% in 2019.
• Over 5 years, Asset Writedowns and Impairment stood at -$73.0 million in 2016, then soared by 260.27% to $117.0 million in 2017, then slumped by 92.31% to $9.0 million in 2018, then soared by 466.67% to $51.0 million in 2019, then soared by 86.27% to $95.0 million in 2020.
• Per Business Quant data, the three most recent Asset Writedowns and Impairment figures were $95.0 million in Q1 2020, $51.0 million in Q4 2019, and $15.0 million in Q3 2019.