Fifth Third Bancorp (FITB) Operating Income (2019 - 2024)
Fifth Third Bancorp (FITB) reported Operating Income of -$1.1 billion for Q3 2024, down 3.26% on a YoY basis from -$1.1 billion in Q4 2023, and down 0.91% sequentially from -$1.1 billion in Q2 2024.
Fifth Third Bancorp (FITB) Operating Income (2019 - 2024) Analysis & Trends
Fifth Third Bancorp (FITB) has 6 years of Operating Income data on file, last reported at -$1.1 billion in Q3 2024.
- For the quarter ending Q3 2024, Operating Income fell 3.26% year-over-year to -$1.1 billion; the trailing twelve-month figure through Sep 2024 stood at -$4.8 billion (down 5.44% YoY), and the FY2023 full-year result was -$4.8 billion, down 11.91% from the prior year.
- Operating Income declined to -$1.1 billion in Q3 2024, 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.
- A 5-year average of -$1.1 billion and a median of -$1.1 billion in 2021 frame the typical range for Operating Income.
- Across the five-year window, Operating Income advanced 10.69% in 2020 and decreased 20.74% in 2023, its largest moves.
- Tracing FITB's Operating Income over 5 years: stood at -$1.1 billion in 2020, then gained by 3.03% to -$1.1 billion in 2021, then retreated by 2.02% to -$1.1 billion in 2022, then fell by 20.74% to -$1.3 billion in 2023, then grew by 17.18% to -$1.1 billion in 2024.
- Business Quant data shows FITB's Operating Income at -$1.1 billion in Q3 2024, -$1.1 billion in Q2 2024, and -$1.2 billion in Q1 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | 1.84 Bn |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | 1.45 Bn |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | 748,885.00 |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | 4.55 Bn |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | - |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | - |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | - |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | - |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | - |
| 10 | Fifth Third Bancorp | 37.79 Bn | 33.23 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 |