Fifth Third Bancorp (FITB) Operating Income (2019 - 2024)
Fifth Third Bancorp (FITB) posted Operating Income of -$1.1 billion for Q3 2024, down 0.91% sequentially from -$1.1 billion in Q2 2024, and down 3.26% YoY from -$1.1 billion in Q4 2023.
Fifth Third Bancorp (FITB) Operating Income (2019 - 2024) Analysis & Trends
Fifth Third Bancorp has reported Operating Income for 6 years, with the latest figure at -$1.1 billion in Q3 2024.
- Quarterly Operating Income fell 3.26% year-over-year to -$1.1 billion in Q3 2024, while the trailing twelve-month figure through Sep 2024 was -$4.8 billion (down 5.44% YoY) and the FY2023 annual result came in at -$4.8 billion, down 11.91% from the prior year.
- Operating Income declined to -$1.1 billion in Q3 2024 per FITB's latest filing, from -$1.1 billion in the prior quarter.
- Over five years, Operating Income peaked at -$986.0 million in Q2 2022 and troughed at -$1.3 billion in Q4 2023.
- A 5-year average of -$1.1 billion and a median of -$1.1 billion in 2021 frame the typical range for Operating Income.
- The sharpest annual moves came in 2020 and 2023: Operating Income grew 10.69% in 2020, then dropped 20.74% in 2023.
- Over 5 years, Operating Income stood at -$1.1 billion in 2020, then grew by 3.03% to -$1.1 billion in 2021, then dropped by 2.02% to -$1.1 billion in 2022, then slipped by 20.74% to -$1.3 billion in 2023, then gained by 17.18% to -$1.1 billion in 2024.
- According to Business Quant data, Operating Income over the past three periods registered -$1.1 billion, -$1.1 billion, and -$1.2 billion for Q3 2024, Q2 2024, and Q1 2024 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | - |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | - |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | 2.95 Bn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | - |
| 10 | Itau Unibanco Holding | 42.02 Bn | 43.71 Bn | - | - |
Historic Data
Download 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 |