Fifth Third Bancorp (FITB) Asset Writedowns and Impairment (2010 - 2020)
Fifth Third Bancorp (FITB) reported Asset Writedowns and Impairment of $95 million for Q1 2020, up 131.7% from $41 million a year earlier and up 86.3% from the prior quarter.
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Fifth Third Bancorp (FITB) Asset Writedowns and Impairment (2010 - 2020) Analysis & Trends
For FY2019, Fifth Third Bancorp posted Asset Writedowns and Impairment of $130 million, up 94.0% from FY2018.
- Asset Writedowns and Impairment has a five-year compound annual growth rate of 14.9% (FY2014 to FY2019).
- By year, Asset Writedowns and Impairment came in at $67 million in FY2018 (-74.8%), $266 million in FY2017, -$7 million in FY2016 and -$4 million in FY2015.
- The Q1 2020 figure ranks as the highest quarterly Asset Writedowns and Impairment since Q4 2017.
- Year over year, Asset Writedowns and Impairment has now increased in each of the last four quarters, with growth averaging 85.2% over the last seven quarters.
- The high point for year-over-year Asset Writedowns and Impairment in five years was Q4 2019 (growth of 466.7%); the low point was Q4 2018 (a decline of 92.3%).
- Per Business Quant data, the three quarters before Q1 2020 came in at $51 million (Q4 2019), $15 million (Q3 2019) and $23 million (Q2 2019).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Mar 31, 2020 | 95.00 Mn |
| Dec 31, 2019 | 51.00 Mn |
| Sep 30, 2019 | 15.00 Mn |
| Jun 30, 2019 | 23.00 Mn |
| Mar 31, 2019 | 41.00 Mn |
| Dec 31, 2018 | 9.00 Mn |
| Sep 30, 2018 | 5.00 Mn |
| Jun 30, 2018 | 18.00 Mn |
| Mar 31, 2018 | -35.00 Mn |
| Dec 31, 2017 | 117.00 Mn |
| Sep 30, 2017 | 16.00 Mn |
| Jun 30, 2017 | 58.00 Mn |
| Mar 31, 2017 | 75.00 Mn |
| Dec 31, 2016 | -342.00 Mn |
| Sep 30, 2016 | 113.00 Mn |
| Jun 30, 2016 | 86.00 Mn |
| Mar 31, 2016 | 128.00 Mn |
| Dec 31, 2015 | -333.00 Mn |
| Sep 30, 2015 | 162.00 Mn |
| Jun 30, 2015 | -87.00 Mn |
API Access
Fifth Third Bancorp Asset Writedowns and Impairment API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=FITB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-writedowns-and-impairment", "ticker": "FITB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=FITB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();