Fifth Historical Income Statement

FITB -  USA Stock  

USD 35.78  0.24  0.67%

Historical analysis of Fifth Third income statement accounts such as Gross Profit of 7.1 B or Net Income of 1.7 B can show how well Fifth Third Bancorp performed in making a profits. Evaluating Fifth Third income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Fifth Third's future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Fifth Third Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Fifth Third Bancorp is a good buy for the upcoming year.
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About Fifth Income Statement Analysis

Fifth Third Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Fifth Third shareholders. The income statement also shows Fifth investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Fifth Third Income Statement Chart

Fifth Third Bancorp Income Statement is one of the three primary financial statements used for reporting Fifth's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Fifth Third Bancorp revenue and expense. Fifth Third Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Fifth Third Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 1.43 Billion. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 2.3 B, whereas Net Income to Non Controlling Interests is forecasted to decline to (3.9 M).

Consolidated Income

The portion of profit or loss for the period; net of income taxes; which is attributable to the consolidated entity; before the deduction of Net Income to Non Controlling Interests.

Earning Before Interest and Taxes EBIT

Earnings Before Interest and Tax is calculated by adding Income Tax Expense and Interest Expense back to Net Income.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Fifth Third Bancorp financial statement analysis. It represents the amount of money remaining after all of Fifth Third Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income to Non Controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends Income Statement Impact.

Revenues

Revenues refers to the total amount of money received by Fifth Third for goods sold or services provided during a certain time period. It also includes all of Fifth Third Bancorp sales as well as any other increase in Fifth Third Bancorp equity.Revenues are reported on Fifth Third Bancorp income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.
Most accounts from Fifth Third income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Fifth Third Bancorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please check Investing Opportunities.Fifth Third Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 1.43 Billion. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 2.3 B, whereas Net Income to Non Controlling Interests is forecasted to decline to (3.9 M).
 2018 2019 2020 2021 (projected)
Net Income2.19 B2.51 B1.43 B1.73 B
Gross Profit6.72 B7.86 B6.51 B7.06 B

Fifth Third income statement Correlations

Fifth Third Account Relationship Matchups

Fifth Third income statement Accounts

201620172018201920202021 (projected)
Consolidated Income1.54 B2.18 B2.19 B2.51 B1.43 B1.72 B
Gross Profit5.97 B6.76 B6.72 B7.86 B6.51 B7.06 B
Net Income1.55 B2.18 B2.19 B2.51 B1.43 B1.73 B
Net Income Common Stock1.47 B2.1 B2.12 B2.42 B1.32 B1.61 B
Net Income Common Stock USD1.47 B2.1 B2.12 B2.42 B1.32 B1.61 B
Operating Expenses3.76 B3.78 B3.96 B4.66 B4.72 B4.8 B
Operating Income2.21 B2.98 B2.77 B3.2 B1.8 B2.26 B
Revenues5.97 B6.76 B6.72 B7.86 B6.51 B7.06 B
Revenues USD5.97 B6.76 B6.72 B7.86 B6.51 B7.06 B
Selling General and Administrative Expense3.63 B3.65 B3.76 B4.4 B4.46 B4.57 B
Weighted Average Shares757.43 M728.29 M673.35 M710.43 M714.73 M708.7 M
Weighted Average Shares Diluted764.5 M740.69 M685.49 M720.07 M719.74 M718.34 M
Income Tax Expense665 M799 M572 M690 M370 M533.05 M

Fifth Third Investors Sentiment

The influence of Fifth Third's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Fifth. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - FITB

Fifth Third Bancorp Investor Sentiment

Most of Macroaxis users are currently bullish on Fifth Third Bancorp. What is your opinion about investing in Fifth Third Bancorp? Are you bullish or bearish?
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98% Bullish
2% Bearish
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Please check Investing Opportunities. Note that the Fifth Third Bancorp information on this page should be used as a complementary analysis to other Fifth Third's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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The market value of Fifth Third Bancorp is measured differently than its book value, which is the value of Fifth that is recorded on the company's balance sheet. Investors also form their own opinion of Fifth Third's value that differs from its market value or its book value, called intrinsic value, which is Fifth Third's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fifth Third's market value can be influenced by many factors that don't directly affect Fifth Third Bancorp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fifth Third's value and its price as these two are different measures arrived at by different means. Investors typically determine Fifth Third value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fifth Third's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.