Fifth Third Bancorp (FITB) Loans - Loss Allowance (2016 - 2024)
Fifth Third Bancorp (FITB) has disclosed Loans - Loss Allowance for 9 consecutive years, with $2.3 billion as the latest value for Q3 2024.
- Quarterly Loans - Loss Allowance fell 1.5% to $2.3 billion in Q3 2024 from the year-ago period, while the trailing twelve-month figure was $2.3 billion through Sep 2024, down 1.5% year-over-year, with the annual reading at $2.3 billion for FY2023, 5.83% up from the prior year.
- Loans - Loss Allowance hit $2.3 billion in Q3 2024 for Fifth Third Bancorp, up from $2.3 billion in the prior quarter.
- In the past five years, Loans - Loss Allowance ranged from a high of $2.7 billion in Q2 2020 to a low of $1.9 billion in Q4 2021.
- Historically, Loans - Loss Allowance has averaged $2.2 billion across 5 years, with a median of $2.3 billion in 2024.
- Biggest five-year swings in Loans - Loss Allowance: soared 141.79% in 2020 and later decreased 24.59% in 2021.
- Year by year, Loans - Loss Allowance stood at $2.5 billion in 2020, then dropped by 22.87% to $1.9 billion in 2021, then rose by 15.96% to $2.2 billion in 2022, then rose by 5.83% to $2.3 billion in 2023, then decreased by 0.73% to $2.3 billion in 2024.
- Business Quant data shows Loans - Loss Allowance for FITB at $2.3 billion in Q3 2024, $2.3 billion in Q2 2024, and $2.3 billion in Q1 2024.