Fifth Third Bancorp (FITB) Non Operating Interest Expenses (2009 - 2024)
Fifth Third Bancorp (FITB) recorded Non Operating Interest Expenses of $1.22 billion in Q1 2024, up 75.9% from $696 million a year earlier but down 0.6% from the prior quarter.
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Analysis
Fifth Third Bancorp (FITB) Non Operating Interest Expenses (2009 - 2024) Analysis & Trends
On a TTM basis, Fifth Third Bancorp's Non Operating Interest Expenses came in at $4.46 billion as of Mar 31, 2024, up 182.0% year-over-year; for FY2023, it was $3.93 billion, up 302.1% from FY2022.
- Annual Non Operating Interest Expenses has a five-year compound annual growth rate of 30.4% (FY2018 to FY2023).
- Across earlier years, Non Operating Interest Expenses came in at $978 million in FY2022 (+121.8%), $441 million in FY2021 (-44.2%), $790 million in FY2020 (-45.8%) and $1.46 billion in FY2019 (+39.7%).
- Quarterly Non Operating Interest Expenses has ranged from $94 million in Q1 2022 to $1.23 billion in Q4 2023 over the past five years.
- On a year-over-year basis, Non Operating Interest Expenses has increased for eight consecutive quarters, with growth averaging 297.0% over the last eight quarters.
- Peak year-over-year performance for Non Operating Interest Expenses in the last five years was growth of 640.4% in Q1 2023, against a decline of 59.9% in Q4 2020 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.23 billion (Q4 2023), $1.09 billion (Q3 2023) and $913 million (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.74 Bn | 913.21 Bn | - | - |
| 2 | Banco Santander Chile | 410.69 Bn | 530.63 Bn | - | -538.61 Bn |
| 3 | Bank Of America | 379.32 Bn | -1,996.74 Bn | - | - |
| 4 | Hsbc Holdings | 332.10 Bn | 332.15 Bn | - | - |
| 5 | Morgan Stanley | 298.98 Bn | -210.11 Bn | - | - |
| 6 | Mitsubishi Ufj Financial | 272.72 Bn | -1,315.77 Bn | 10.89 Bn | 9.12 Bn |
| 7 | Royal Bank Of Canada | 272.70 Bn | 123.45 Bn | - | 12.80 Bn |
| 8 | Goldman Sachs | 260.43 Bn | -3,296.69 Bn | - | - |
| 9 | Wells Fargo & Company | 246.67 Bn | 248.80 Bn | - | - |
| 10 | Fifth Third Bancorp | 46.08 Bn | -36.15 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 1.22 Bn |
| Dec 31, 2023 | 1.23 Bn |
| Sep 30, 2023 | 1.09 Bn |
| Jun 30, 2023 | 913.00 Mn |
| Mar 31, 2023 | 696.00 Mn |
| Dec 31, 2022 | 498.00 Mn |
| Sep 30, 2022 | 262.00 Mn |
| Jun 30, 2022 | 125.00 Mn |
| Mar 31, 2022 | 94.00 Mn |
| Dec 31, 2021 | 99.00 Mn |
| Sep 30, 2021 | 103.00 Mn |
| Jun 30, 2021 | 115.00 Mn |
| Mar 31, 2021 | 126.00 Mn |
| Dec 31, 2020 | 133.00 Mn |
| Sep 30, 2020 | 159.00 Mn |
| Jun 30, 2020 | 203.00 Mn |
| Mar 31, 2020 | 296.00 Mn |
| Dec 31, 2019 | 332.00 Mn |
| Sep 30, 2019 | 383.00 Mn |
| Jun 30, 2019 | 391.00 Mn |
API Access
Fifth Third Bancorp Non Operating Interest Expenses 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=non-operating-interest-expenses&ticker=FITB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-interest-expenses", "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=non-operating-interest-expenses&ticker=FITB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();