Fifth Third Bancorp (FITB) Service Charges (2009 - 2023)
Fifth Third Bancorp (FITB) posted Service Charges of $121.0 million for Q2 2023, up 10.0% sequentially from $110.0 million in Q1 2023, and up 34.44% YoY from $90.0 million in Q2 2022.
Fifth Third Bancorp (FITB) Service Charges (2009 - 2023) Analysis & Trends
Fifth Third Bancorp has reported Service Charges for 15 years, with the latest figure at $121.0 million in Q2 2023.
- Quarterly Service Charges rose 34.44% year-over-year to $121.0 million in Q2 2023, while the trailing twelve-month figure through Jun 2023 was $438.0 million (up 53.15% YoY) and the FY2022 annual result came in at $362.0 million, up 5.23% from the prior year.
- Service Charges climbed to $121.0 million in Q2 2023 per FITB's latest filing, from $110.0 million in the prior quarter.
- Over five years, Service Charges peaked at $163.0 million in Q2 2020 and troughed at $56.0 million in Q3 2021.
- A 5-year average of $114.2 million and a median of $109.5 million in 2021 frame the typical range for Service Charges.
- The sharpest annual moves came in 2021 and 2022: Service Charges plunged 58.52% in 2021, then surged 85.71% in 2022.
- Over 5 years, Service Charges stood at $152.0 million in 2019, then gained by 1.32% to $154.0 million in 2020, then slumped by 50.65% to $76.0 million in 2021, then jumped by 35.53% to $103.0 million in 2022, then advanced by 17.48% to $121.0 million in 2023.
- According to Business Quant data, Service Charges over the past three periods registered $121.0 million, $110.0 million, and $103.0 million for Q2 2023, Q1 2023, and Q4 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - |
| 10 | Itau Unibanco Holding | 40.31 Bn | 42.00 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 121.00 Mn |
| Mar 31, 2023 | 110.00 Mn |
| Dec 31, 2022 | 103.00 Mn |
| Sep 30, 2022 | 104.00 Mn |
| Jun 30, 2022 | 90.00 Mn |
| Mar 31, 2022 | 64.00 Mn |
| Dec 31, 2021 | 76.00 Mn |
| Sep 30, 2021 | 56.00 Mn |
| Jun 30, 2021 | 103.00 Mn |
| Mar 31, 2021 | 109.00 Mn |
| Dec 31, 2020 | 154.00 Mn |
| Sep 30, 2020 | 135.00 Mn |
| Jun 30, 2020 | 163.00 Mn |
| Mar 31, 2020 | 159.00 Mn |
| Dec 31, 2019 | 152.00 Mn |
| Sep 30, 2019 | 130.00 Mn |
| Jun 30, 2019 | 119.00 Mn |
| Mar 31, 2019 | 108.00 Mn |
| Dec 31, 2018 | 116.00 Mn |
| Sep 30, 2018 | 112.00 Mn |