Fifth Third Bancorp (FITB) Asset Writedowns and Impairment: 2016-2019
Historic Asset Writedowns and Impairment for Fifth Third Bancorp (FITB) over the last 3 years, with Mar 2019 value amounting to $41.0 million.
- Fifth Third Bancorp's Asset Writedowns and Impairment rose 217.14% to $41.0 million in Q1 2019 from the same period last year, while for Mar 2019 it was $6.0 million, marking a year-over-year increase of 111.32%. This contributed to the annual value of $57.0 million for FY2017, which is 78.24% down from last year.
- Per Fifth Third Bancorp's latest filing, its Asset Writedowns and Impairment stood at $41.0 million for Q1 2019, which was up 170.69% from -$58.0 million recorded in Q4 2018.
- Fifth Third Bancorp's 5-year Asset Writedowns and Impairment high stood at $128.0 million for Q1 2016, and its period low was -$92.0 million during Q4 2017.
- In the last 3 years, Fifth Third Bancorp's Asset Writedowns and Impairment had a median value of $16.0 million in 2017 and averaged $3.1 million.
- Per our database at Business Quant, Fifth Third Bancorp's Asset Writedowns and Impairment tumbled by 146.67% in 2018 and then spiked by 217.14% in 2019.
- Over the past 4 years, Fifth Third Bancorp's Asset Writedowns and Impairment (Quarterly) stood at -$73.0 million in 2016, then decreased by 26.03% to -$92.0 million in 2017, then skyrocketed by 36.96% to -$58.0 million in 2018, then spiked by 217.14% to $41.0 million in 2019.
- Its Asset Writedowns and Impairment stands at $41.0 million for Q1 2019, versus -$58.0 million for Q4 2018 and $5.0 million for Q3 2018.