Fifth Third Bancorp (FITB) Rent Expense (2016 - 2024)
Fifth Third Bancorp (FITB) has disclosed Rent Expense for 9 consecutive years, with $36.0 million as the latest value for Q4 2024.
- Quarterly Rent Expense fell 84.81% to $36.0 million in Q4 2024 from the year-ago period, while the trailing twelve-month figure was $132.0 million through Dec 2024, down 72.78% year-over-year, with the annual reading at $349.0 million for FY2025, 164.39% up from the prior year.
- Rent Expense hit $36.0 million in Q4 2024 for Fifth Third Bancorp, up from $34.0 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $237.0 million in Q4 2023 to a low of -$58.0 million in Q4 2022.
- Historically, Rent Expense has averaged $65.4 million across 5 years, with a median of $35.5 million in 2020.
- Biggest five-year swings in Rent Expense: plummeted 127.62% in 2022 and later skyrocketed 508.62% in 2023.
- Year by year, Rent Expense stood at $96.0 million in 2020, then skyrocketed by 118.75% to $210.0 million in 2021, then tumbled by 127.62% to -$58.0 million in 2022, then surged by 508.62% to $237.0 million in 2023, then crashed by 84.81% to $36.0 million in 2024.
- Business Quant data shows Rent Expense for FITB at $36.0 million in Q4 2024, $34.0 million in Q3 2024, and $33.0 million in Q2 2024.