Fifth Third Bancorp (FITB) Revenue & Revenue Breakdown
Fifth Third Bancorp Revenue Highlights
Latest Revenue (Y)
$12.64B
Latest Revenue (Q)
$3.31B
Main Segment (Y)
Commercial Banking
Fifth Third Bancorp Revenue by Period
Fifth Third Bancorp Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $12.64B | 52.39% |
| 2022-12-31 | $8.29B | 6.36% |
| 2021-12-31 | $7.80B | 4.11% |
| 2020-12-31 | $7.49B | -8.68% |
| 2019-12-31 | $8.20B | 20.51% |
| 2018-12-31 | $6.81B | -1.25% |
| 2017-12-31 | $6.89B | 11.56% |
| 2016-12-31 | $6.18B | -3.20% |
| 2015-12-31 | $6.38B | 7.99% |
| 2014-12-31 | $5.91B | -11.17% |
| 2013-12-31 | $6.65B | 2.80% |
| 2012-12-31 | $6.47B | 7.67% |
| 2011-12-31 | $6.01B | -5.07% |
| 2010-12-31 | $6.33B | -0.71% |
| 2009-12-31 | $6.38B | 9.27% |
| 2008-12-31 | $5.84B | 11.56% |
| 2007-12-31 | $5.23B | 4.10% |
| 2006-12-31 | $5.03B | -8.03% |
| 2005-12-31 | $5.46B | -0.22% |
| 2004-12-31 | $5.48B | 1.65% |
| 2003-12-31 | $5.39B | 10.09% |
| 2002-12-31 | $4.89B | 15.70% |
| 2001-12-31 | $4.23B | 70.36% |
| 2000-12-31 | $2.48B | 8.81% |
| 1999-12-31 | $2.28B | 39.23% |
| 1998-12-31 | $1.64B | 37.67% |
| 1997-12-31 | $1.19B | 12.57% |
| 1996-12-31 | $1.06B | 21.69% |
| 1995-12-31 | $869.10M | 12.48% |
| 1994-12-31 | $772.70M | 16.55% |
| 1993-12-31 | $663.00M | - |
Fifth Third Bancorp generated $12.64B in revenue during NA 2023, up 52.39% compared to the previous quarter, and up 185.71% compared to the same period a year ago.
Fifth Third Bancorp Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $3.31B | 0.97% |
| 2024-03-31 | $3.28B | -3.18% |
| 2023-12-31 | $3.39B | 59.05% |
| 2023-09-30 | $2.13B | -1.43% |
| 2023-06-30 | $2.16B | -2.26% |
| 2023-03-31 | $2.21B | -0.23% |
| 2022-12-31 | $2.22B | 3.21% |
| 2022-09-30 | $2.15B | 7.40% |
| 2022-06-30 | $2.00B | 7.58% |
| 2022-03-31 | $1.86B | -19.72% |
| 2021-12-31 | $2.32B | 19.06% |
| 2021-09-30 | $1.95B | 0.88% |
| 2021-06-30 | $1.93B | 1.79% |
| 2021-03-31 | $1.90B | -2.22% |
| 2020-12-31 | $1.94B | 4.03% |
| 2020-09-30 | $1.86B | 2.31% |
| 2020-06-30 | $1.82B | -2.57% |
| 2020-03-31 | $1.87B | -16.19% |
| 2019-12-31 | $2.23B | 14.42% |
| 2019-09-30 | $1.95B | 4.17% |
| 2019-06-30 | $1.87B | 16.72% |
| 2019-03-31 | $1.60B | -1.23% |
| 2018-12-31 | $1.62B | 3.05% |
| 2018-09-30 | $1.57B | 3.08% |
| 2018-06-30 | $1.53B | 3.95% |
| 2018-03-31 | $1.47B | -1.93% |
| 2017-12-31 | $1.50B | -40.02% |
| 2017-09-30 | $2.50B | 70.00% |
| 2017-06-30 | $1.47B | 3.09% |
| 2017-03-31 | $1.43B | -4.42% |
| 2016-12-31 | $1.49B | -13.96% |
| 2016-09-30 | $1.73B | 18.44% |
| 2016-06-30 | $1.46B | -2.72% |
| 2016-03-31 | $1.50B | -7.78% |
| 2015-12-31 | $1.63B | 3.68% |
| 2015-09-30 | $1.57B | 4.79% |
| 2015-06-30 | $1.50B | 2.11% |
| 2015-03-31 | $1.47B | -1.93% |
| 2014-12-31 | $1.50B | 8.23% |
| 2014-09-30 | $1.39B | -13.32% |
| 2014-06-30 | $1.60B | 12.13% |
| 2014-03-31 | $1.43B | -8.94% |
| 2013-12-31 | $1.57B | -0.95% |
| 2013-09-30 | $1.58B | -17.09% |
| 2013-06-30 | $1.91B | 19.19% |
| 2013-03-31 | $1.60B | 0.57% |
| 2012-12-31 | $1.59B | 3.04% |
| 2012-09-30 | $1.54B | -1.84% |
| 2012-06-30 | $1.57B | -5.92% |
| 2012-03-31 | $1.67B | 24.22% |
| 2011-12-31 | $1.35B | -13.88% |
| 2011-09-30 | $1.56B | 2.83% |
| 2011-06-30 | $1.52B | 3.54% |
| 2011-03-31 | $1.47B | 0.48% |
| 2010-12-31 | $1.46B | -15.99% |
| 2010-09-30 | $1.74B | 15.39% |
| 2010-06-30 | $1.51B | -1.12% |
| 2010-03-31 | $1.52B | 39.43% |
| 2009-12-31 | $1.09B | -36.67% |
| 2009-09-30 | $1.73B | -49.52% |
| 2009-06-30 | $3.42B | 132.11% |
| 2009-03-31 | $1.47B | 61.51% |
| 2008-12-31 | $912.00M | -48.76% |
| 2008-09-30 | $1.78B | 21.92% |
| 2008-06-30 | $1.46B | -13.30% |
| 2008-03-31 | $1.68B | - |
Fifth Third Bancorp generated $3.31B in revenue during Q2 2024, up 0.97% compared to the previous quarter, and up 149.80% compared to the same period a year ago.
Fifth Third Bancorp Revenue Breakdown
Fifth Third Bancorp Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|
| Consumer And Small Business Banking | $312.00M | $216.00M | - | - |
| Wealth And Asset Management | $2.00M | $1.00M | - | - |
| Commercial Banking | $619.00M | $372.00M | $363.00M | $343.00M |
| Branch Banking | - | - | $236.00M | $215.00M |
| Investment Advisors | - | - | $1.00M | $1.00M |
| Consumer Lending | - | - | - | - |
Fifth Third Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 23: Commercial Banking (66.35%), Consumer And Small Business Banking (33.44%), and Wealth And Asset Management (0.21%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial Banking | $142.00M | $286.00M | $154.00M | $92.00M | $87.00M | $87.00M | $90.00M | $92.00M | $94.00M | $90.00M | $91.00M | $92.00M | $90.00M | $90.00M | $91.00M | $79.00M |
| Consumer And Small Business Banking | $74.00M | $130.00M | $78.00M | $53.00M | $51.00M | $52.00M | $53.00M | - | - | - | - | - | - | - | - | - |
| Wealth And Asset Management | $1.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Branch Banking | $74.00M | $62.00M | $59.00M | $64.00M | $61.00M | $57.00M | $54.00M | $55.00M | $53.00M | $42.00M | - | - | - | - | - | - |
| Consumer Lending | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investment Advisors | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Fifth Third Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Commercial Banking (48.80%), Consumer And Small Business Banking (25.43%), Branch Banking (25.43%), and Wealth And Asset Management (0.34%).
Fifth Third Bancorp Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| TFC | Truist Financial | $33.25B | $1.14B |
| USB | U.S. Bancorp | $28.01B | $10.80B |
| FITB | Fifth Third Bancorp | $12.64B | $3.31B |
| KEY | KeyCorp | $10.40B | $2.71B |
| MTB | M&T Bank | $10.22B | $3.37B |
| HBAN | Huntington Bancshares | $8.92B | $2.98B |
| RF | Regions Financial | $6.90B | $2.32B |
| NYCB | New York Community Bancorp | $5.49B | $1.66B |
| CMA | Comerica | $5.29B | $1.25B |
| WAL | Western Alliance Ban | $4.33B | $1.24B |
| ZION | Zions Bancorporation, National Association | $2.71B | $1.25B |
| FHN | First Horizon | $1.39B | $1.28B |
| CFG | Citizens Financial Group | $24.12M | $3.11B |
FITB Revenue FAQ
What is Fifth Third Bancorp’s yearly revenue?
Fifth Third Bancorp's yearly revenue for 2023 was $12.64B, representing an increase of 52.39% compared to 2022. The company's yearly revenue for 2022 was $8.3B, representing an increase of 6.36% compared to 2021. FITB's yearly revenue for 2021 was $7.8B, representing an increase of 4.11% compared to 2020.
What is Fifth Third Bancorp’s quarterly revenue?
Fifth Third Bancorp's quarterly revenue for Q2 2024 was $3.32B, a 0.97% increase from the previous quarter (Q1 2024), and a 53.26% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $3.28B, a -3.18% decrease from the previous quarter (Q4 2023), and a 48.35% increase year-over-year (Q1 2023). FITB's quarterly revenue for Q4 2023 was $3.39B, a 59.05% increase from the previous quarter (Q3 2023), and a 52.89% increase year-over-year (Q4 2022).
What is Fifth Third Bancorp’s revenue growth rate?
Fifth Third Bancorp's revenue growth rate for the last 3 years (2021-2023) was 62.08%, and for the last 5 years (2019-2023) was 54.10%.
What are Fifth Third Bancorp’s revenue streams?
Fifth Third Bancorp's revenue streams in c 23 are Consumer And Small Business Banking, Wealth And Asset Management, and Commercial Banking. Consumer And Small Business Banking generated $312M in revenue, accounting 33.44% of the company's total revenue, up 44.44% year-over-year. Wealth And Asset Management generated $2M in revenue, accounting 0.21% of the company's total revenue, up 100.00% year-over-year. Commercial Banking generated $619M in revenue, accounting 66.35% of the company's total revenue, up 66.40% year-over-year.
What is Fifth Third Bancorp’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Fifth Third Bancorp was Commercial Banking. This segment made a revenue of $619M, representing 66.35% of the company's total revenue.