Fifth Third Bancorp (FITB) Operating Income (2019 - 2024)
Fifth Third Bancorp's (FITB) quarterly Operating Income came in at -$1.1 billion in Q3 2024, down 3.26% year-over-year from -$1.1 billion in Q4 2023, and down 0.91% quarter-over-quarter from -$1.1 billion in Q2 2024.
Analysis
Fifth Third Bancorp (FITB) Operating Income (2019 - 2024) Analysis & Trends
Fifth Third Bancorp has disclosed Operating Income across 6 years of filings, most recently posting -$1.1 billion for Q3 2024.
- In Q3 2024, Operating Income fell 3.26% year-over-year to -$1.1 billion; the TTM figure through Sep 2024 stood at -$4.8 billion (down 5.44% YoY), while the FY2023 annual figure was -$4.8 billion, down 11.91% from the prior year.
- Operating Income came in at -$1.1 billion for Q3 2024 at Fifth Third Bancorp, down from -$1.1 billion in the prior quarter.
- In the past five years, Operating Income ranged from a high of -$986.0 million in Q2 2022 to a low of -$1.3 billion in Q4 2023.
- Average Operating Income over 5 years is -$1.1 billion, with a median of -$1.1 billion recorded in 2021.
- Year-over-year, Operating Income climbed 10.69% in 2020 and slipped 20.74% in 2023.
- Over 5 years, Operating Income stood at -$1.1 billion in 2020, then advanced by 3.03% to -$1.1 billion in 2021, then decreased by 2.02% to -$1.1 billion in 2022, then retreated by 20.74% to -$1.3 billion in 2023, then increased by 17.18% to -$1.1 billion in 2024.
- Per Business Quant data, the three most recent Operating Income figures were -$1.1 billion in Q3 2024, -$1.1 billion in Q2 2024, and -$1.2 billion in Q1 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 941.69 Bn | 941.69 Bn | - | 40.42 Bn |
| 2 | Truist Financial | 61.79 Bn | 61.79 Bn | - | - |
| 3 | Fifth Third Bancorp | 49.90 Bn | 26.18 Bn | - | - |
| 4 | M&T Bank | 34.97 Bn | 34.97 Bn | - | - |
| 5 | Huntington Bancshares | 34.15 Bn | 29.62 Bn | - | - |
| 6 | Citizens Financial | 29.74 Bn | 29.74 Bn | - | - |
| 7 | Regions Financial | 25.70 Bn | 25.70 Bn | - | - |
| 8 | First Citizens Bancshares | 25.10 Bn | 24.58 Bn | 29.00 Mn | -1.52 Bn |
| 9 | Keycorp | 23.34 Bn | -24.35 Bn | - | - |
| 10 | East West Bancorp | 17.77 Bn | 12.68 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | -1.11 Bn |
| Jun 30, 2024 | -1.10 Bn |
| Mar 31, 2024 | -1.22 Bn |
| Dec 31, 2023 | -1.34 Bn |
| Sep 30, 2023 | -1.07 Bn |
| Jun 30, 2023 | -1.12 Bn |
| Mar 31, 2023 | -1.22 Bn |
| Dec 31, 2022 | -1.11 Bn |
| Sep 30, 2022 | -1.06 Bn |
| Jun 30, 2022 | -986.00 Mn |
| Mar 31, 2022 | -1.09 Bn |
| Dec 31, 2021 | -1.09 Bn |
| Sep 30, 2021 | -1.05 Bn |
| Jun 30, 2021 | -1.02 Bn |
| Mar 31, 2021 | -1.09 Bn |
| Dec 31, 2020 | -1.12 Bn |
| Sep 30, 2020 | -1.04 Bn |
| Jun 30, 2020 | -1.02 Bn |
| Mar 31, 2020 | -1.08 Bn |
| Dec 31, 2019 | -1.06 Bn |