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Fifth Third Bancorp (FITB) Tax Rate (2016 - 2024)

Fifth Third Bancorp (FITB) has disclosed Tax Rate for 9 consecutive years, with 18.95% as the latest value for Q4 2024.

  • Quarterly Tax Rate rose 49.0% to 18.95% in Q4 2024 from the year-ago period, while the trailing twelve-month figure was 20.62% through Dec 2024, down 79.0% year-over-year, with the annual reading at 21.46% for FY2025, 81.0% up from the prior year.
  • Tax Rate hit 18.95% in Q4 2024 for Fifth Third Bancorp, down from 21.29% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 23.33% in Q1 2020 to a low of 18.46% in Q4 2023.
  • Historically, Tax Rate has averaged 21.04% across 5 years, with a median of 21.34% in 2021.
  • Biggest five-year swings in Tax Rate: crashed -296bps in 2020 and later soared 300bps in 2023.
  • Year by year, Tax Rate stood at 19.03% in 2020, then grew by 5bps to 19.93% in 2021, then decreased by -3bps to 19.37% in 2022, then fell by -5bps to 18.46% in 2023, then increased by 3bps to 18.95% in 2024.
  • Business Quant data shows Tax Rate for FITB at 18.95% in Q4 2024, 21.29% in Q3 2024, and 21.34% in Q2 2024.