Fifth Third Bancorp Financials

FITB

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 83/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

Fifth Third Bancorp's revenue surged 1706.9% year-over-year to $10.4B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Fifth Third Bancorp carries a low D/E ratio of 0.73, meaning only $0.73 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

100

Fifth Third Bancorp converts 23.1% of revenue into free cash flow ($2.4B). This strong cash generation earns a score of 100/100.

Returns

Fifth Third Bancorp's ROE of 11.8% shows moderate profitability relative to equity, earning a score of 47/100. This is down from 12.3% the prior year.

Piotroski F-Score Neutral

6/9

Fifth Third Bancorp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.22x

For every $1 of reported earnings, Fifth Third Bancorp generates $1.22 in operating cash flow ($2.8B OCF vs $2.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Fifth Third Bancorp (FITB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$10.4B

YoY+1706.9%

5Y CAGR+79.1%

10Y CAGR+10.0%

Fifth Third Bancorp generated $10.4B in revenue in fiscal year 2024. This represents an increase of 1706.9% from the prior year.

EBITDA

N/A

Free Cash Flow

$2.4B

YoY-40.0%

5Y CAGR+8.8%

10Y CAGR+2.6%

Fifth Third Bancorp generated $2.4B in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 40.0% from the prior year.

Net Income

$2.3B

YoY-1.5%

5Y CAGR-1.6%

10Y CAGR+4.6%

Fifth Third Bancorp reported $2.3B in net income in fiscal year 2024. This represents a decrease of 1.5% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$3.0B

YoY-4.1%

5Y CAGR-1.7%

Fifth Third Bancorp held $3.0B in cash against $14.3B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.44

YoY+5.9%

5Y CAGR+8.9%

10Y CAGR+10.9%

Fifth Third Bancorp paid $1.44 per share in dividends in fiscal year 2024. This represents an increase of 5.9% from the prior year.

Shares Outstanding

666M

YoY-2.3%

5Y CAGR-1.3%

10Y CAGR-2.0%

Fifth Third Bancorp had 666M shares outstanding in fiscal year 2024. This represents a decrease of 2.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

22.2%

YoY-384.9pp

5Y CAGR-422.4pp

10Y CAGR-14.6pp

Fifth Third Bancorp's net profit margin was 22.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 384.9 percentage points from the prior year.

Return on Equity

11.8%

YoY-0.5pp

5Y CAGR-0.1pp

10Y CAGR+2.3pp

Fifth Third Bancorp's ROE was 11.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$625.0M

YoY+212.5%

5Y CAGR-18.7%

10Y CAGR-0.5%

Fifth Third Bancorp spent $625.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 212.5% from the prior year.

Capital Expenditures

$414.0M

YoY-15.7%

5Y CAGR+11.2%

10Y CAGR+6.7%

Fifth Third Bancorp invested $414.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 15.7% from the prior year.

FITB Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$10.4B+1706.9%	$577.0M-2.0%	$589.0M-1.8%	$600.0M+7.3%	$559.0M-1.1%	$565.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$4.8B+21.9%	$3.9B+302.1%	$978.0M+121.8%	$441.0M-44.2%	$790.0M-45.8%	$1.5B
Income Tax	$602.0M-5.8%	$639.0M-1.2%	$647.0M-13.4%	$747.0M+101.9%	$370.0M-46.4%	$690.0M
Net Income	$2.3B-1.5%	$2.3B-4.0%	$2.4B-11.7%	$2.8B+94.1%	$1.4B-43.2%	$2.5B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$2.5B+1.4%	$2.5B+2.1%	$2.4B-75.6%	$10.0B+6283.3%	$156.0M+3.3%	$151.0M+2.7%	$147.0M-1.3%	$149.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$999.0M+1.0%	$989.0M-0.6%	$995.0M-8.8%	$1.1B-11.5%	$1.2B+0.7%	$1.2B-0.7%	$1.2B+13.0%	$1.1B
Income Tax	$188.0M+4.4%	$180.0M+30.4%	$138.0M-5.5%	$146.0M-10.4%	$163.0M+18.1%	$138.0M+16.0%	$119.0M-36.0%	$186.0M
Net Income	$649.0M+3.3%	$628.0M+21.9%	$515.0M-16.9%	$620.0M+3.2%	$601.0M+15.6%	$520.0M-1.9%	$530.0M-19.7%	$660.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FITB Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$212.9B-0.8%	$214.6B+3.4%	$207.5B-1.7%	$211.1B+3.1%	$204.7B+20.8%	$169.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.0B-4.1%	$3.1B-9.3%	$3.5B+15.8%	$3.0B-4.9%	$3.1B-4.0%	$3.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.9B0.0%	$4.9B+0.1%	$4.9B+8.9%	$4.5B+6.0%	$4.3B+0.1%	$4.3B
Total Liabilities	$193.3B-1.1%	$195.4B+2.8%	$190.1B+0.6%	$188.9B+4.0%	$181.6B+22.5%	$148.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$14.3B-12.5%	$16.4B+19.4%	$13.7B+16.0%	$11.8B-21.1%	$15.0B0.0%	$15.0B
Total Equity	$19.6B+2.5%	$19.2B+10.6%	$17.3B-22.0%	$22.2B-3.9%	$23.1B+9.0%	$21.2B
Retained Earnings	$24.1B+5.0%	$23.0B+6.0%	$21.7B+7.2%	$20.2B+10.1%	$18.4B+0.4%	$18.3B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$212.9B+1.4%	$210.0B-1.3%	$212.7B-0.1%	$212.9B-0.2%	$213.3B-0.6%	$214.5B0.0%	$214.6B+0.8%	$213.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.9B-2.4%	$3.0B-1.2%	$3.0B-0.2%	$3.0B+6.2%	$2.8B+1.5%	$2.8B-11.0%	$3.1B+10.8%	$2.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.9B+0.6%	$4.9B0.0%	$4.9B0.0%	$4.9B0.0%	$4.9B0.0%	$4.9B0.0%	$4.9B0.0%	$4.9B
Total Liabilities	$191.8B+1.6%	$188.9B-1.8%	$192.3B-0.5%	$193.3B-0.4%	$194.0B-0.7%	$195.5B0.0%	$195.4B-0.5%	$196.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$13.7B-5.6%	$14.5B-0.3%	$14.5B+1.4%	$14.3B-12.0%	$16.3B+5.5%	$15.4B-5.7%	$16.4B+0.4%	$16.3B
Total Equity	$21.1B-0.1%	$21.1B+3.5%	$20.4B+3.9%	$19.6B+2.2%	$19.2B+1.1%	$19.0B-0.8%	$19.2B+15.9%	$16.5B
Retained Earnings	$25.1B+1.4%	$24.7B+1.4%	$24.4B+0.9%	$24.1B+2.6%	$23.5B+1.4%	$23.2B+1.0%	$23.0B+1.1%	$22.7B

FITB Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$2.8B-37.4%	$4.5B-29.9%	$6.4B+137.7%	$2.7B+628.8%	$371.0M-79.7%	$1.8B
Capital Expenditures	$414.0M-15.7%	$491.0M+41.1%	$348.0M+12.6%	$309.0M+1.3%	$305.0M+25.5%	$243.0M
Free Cash Flow	$2.4B-40.0%	$4.0B-33.9%	$6.1B+153.9%	$2.4B+3528.8%	$66.0M-95.8%	$1.6B
Investing Cash Flow	$1.0B+111.0%	-$9.5B-94.8%	-$4.9B+38.9%	-$8.0B+75.0%	-$31.9B-3902.8%	-$797.0M
Financing Cash Flow	-$4.0B-185.7%	$4.7B+529.0%	-$1.1B-121.2%	$5.1B-83.7%	$31.4B+7402.3%	-$430.0M
Dividends Paid	$1.2B+10.9%	$1.1B+14.3%	$927.0M+3.3%	$897.0M+4.5%	$858.0M+13.9%	$753.0M
Share Buybacks	$625.0M+212.5%	$200.0M+100.0%	$100.0M-92.8%	$1.4B	$0-100.0%	$1.8B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$1.0B-19.9%	$1.3B+5.9%	$1.2B+1320.8%	-$101.0M-114.9%	$679.0M+75.9%	$386.0M-81.4%	$2.1B+225.8%	$636.0M
Capital Expenditures	$160.0M+11.9%	$143.0M+22.2%	$117.0M-19.3%	$145.0M+59.3%	$91.0M+40.0%	$65.0M-48.4%	$126.0M+7.7%	$117.0M
Free Cash Flow	$886.0M-23.8%	$1.2B+4.2%	$1.1B+553.7%	-$246.0M-141.8%	$588.0M+83.2%	$321.0M-83.5%	$1.9B+275.0%	$519.0M
Investing Cash Flow	-$3.4B-237.8%	$2.4B+3744.8%	-$67.0M-105.9%	$1.1B-10.7%	$1.3B+659.0%	-$229.0M+72.5%	-$833.0M+87.6%	-$6.7B
Financing Cash Flow	$2.2B+159.4%	-$3.8B-223.2%	-$1.2B+5.8%	-$1.2B+35.2%	-$1.9B-281.3%	-$503.0M+46.1%	-$934.0M-114.8%	$6.3B
Dividends Paid	$285.0M+0.4%	$284.0M-4.4%	$297.0M+2.8%	$289.0M+3.2%	$280.0M-2.4%	$287.0M+4.0%	$276.0M+22.7%	$225.0M
Share Buybacks	$300.0M	$0-100.0%	$225.0M-25.0%	$300.0M+140.0%	$125.0M	$0	$0	$0

FITB Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	22.2%-384.9pp	407.1%-8.2pp	415.3%-46.4pp	461.7%+206.4pp	255.3%-189.3pp	444.6%
Return on Equity	11.8%-0.5pp	12.3%-1.9pp	14.1%+1.6pp	12.5%+6.3pp	6.2%-5.7pp	11.8%
Return on Assets	1.1%0.0pp	1.1%-0.1pp	1.2%-0.1pp	1.3%+0.6pp	0.7%-0.8pp	1.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.73-0.1	0.85+0.1	0.79+0.3	0.53-0.1	0.65-0.1	0.71
FCF Margin	23.1%-673.2pp	696.4%-335.9pp	1032.3%+633.1pp	399.2%+387.4pp	11.8%-268.0pp	279.8%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	25.8%+0.5pp	25.3%+4.1pp	21.2%+14.9pp	6.2%-379.0pp	385.3%+40.9pp	344.4%-16.2pp	360.5%-82.4pp	442.9%
Return on Equity	3.1%+0.1pp	3.0%+0.5pp	2.5%-0.6pp	3.2%+0.0pp	3.1%+0.4pp	2.7%-0.0pp	2.8%-1.2pp	4.0%
Return on Assets	0.3%0.0pp	0.3%+0.1pp	0.2%-0.1pp	0.3%0.0pp	0.3%+0.0pp	0.2%-0.0pp	0.3%-0.1pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.65-0.0	0.69-0.0	0.71-0.0	0.73-0.1	0.85+0.0	0.81-0.0	0.85-0.1	0.99
FCF Margin	35.2%-11.6pp	46.8%+0.9pp	45.9%+48.4pp	-2.5%-379.4pp	376.9%+164.3pp	212.6%-1111.2pp	1323.8%+975.5pp	348.3%

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Frequently Asked Questions

What is Fifth Third Bancorp's annual revenue?

Fifth Third Bancorp (FITB) reported $10.4B in total revenue for fiscal year 2024. This represents a 1706.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Fifth Third Bancorp's revenue growing?

Fifth Third Bancorp (FITB) revenue grew by 1706.9% year-over-year, from $577.0M to $10.4B in fiscal year 2024.

Is Fifth Third Bancorp profitable?

Yes, Fifth Third Bancorp (FITB) reported a net income of $2.3B in fiscal year 2024, with a net profit margin of 22.2%.

How much debt does Fifth Third Bancorp have?

As of fiscal year 2024, Fifth Third Bancorp (FITB) had $3.0B in cash and equivalents against $14.3B in long-term debt.

What is Fifth Third Bancorp's net profit margin?

Fifth Third Bancorp (FITB) had a net profit margin of 22.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Fifth Third Bancorp pay dividends?

Yes, Fifth Third Bancorp (FITB) paid $1.44 per share in dividends during fiscal year 2024.

What is Fifth Third Bancorp's return on equity (ROE)?

Fifth Third Bancorp (FITB) has a return on equity of 11.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Fifth Third Bancorp's free cash flow?

Fifth Third Bancorp (FITB) generated $2.4B in free cash flow during fiscal year 2024. This represents a -40.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Fifth Third Bancorp's operating cash flow?

Fifth Third Bancorp (FITB) generated $2.8B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Fifth Third Bancorp's total assets?

Fifth Third Bancorp (FITB) had $212.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Fifth Third Bancorp's capital expenditures?

Fifth Third Bancorp (FITB) invested $414.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Fifth Third Bancorp buy back shares?

Yes, Fifth Third Bancorp (FITB) spent $625.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Fifth Third Bancorp have outstanding?

Fifth Third Bancorp (FITB) had 666M shares outstanding as of fiscal year 2024.

What is Fifth Third Bancorp's debt-to-equity ratio?

Fifth Third Bancorp (FITB) had a debt-to-equity ratio of 0.73 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Fifth Third Bancorp's return on assets (ROA)?

Fifth Third Bancorp (FITB) had a return on assets of 1.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Fifth Third Bancorp's Piotroski F-Score?

Fifth Third Bancorp (FITB) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Fifth Third Bancorp's earnings high quality?

Fifth Third Bancorp (FITB) has an earnings quality ratio of 1.22x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Fifth Third Bancorp?

Fifth Third Bancorp (FITB) scores 83 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.