Fifth Third Bancorp (FITB) FY2012 results: revenue $6.6 billion, up 9.7% on the year
Fifth Third Bancorp (FITB) reported revenue of $6.6 billion for fiscal 2012, the year ended 31 December 2012, up 9.7% on the year before. Net income was $1.6 billion, up 21.5%, and diluted earnings per share $1.66. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$6.6 billion
+9.7% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$1.6 billion
+21.5% on the year
FY2007FY2012
Diluted EPS
$1.66
+40.7% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
6,594
6,012
6,333
+9.7%
Interest expense
512
661
885
-22.5%
Pre-tax income
2,210
1,831
940
+20.7%
Income tax
636
533
187
+19.3%
Effective tax rate
28.8%
29.1%
19.9%
Net income
1,576
1,297
753
+21.5%
Net margin
23.9%
21.6%
11.9%
Diluted EPS
$1.66
$1.18
$0.63
+40.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
2,557
2,366
3,305
+8.1%
Capital expenditure
362
319
224
+13.5%
Free cash flow
2,195
2,047
3,081
+7.2%
Cash from investing
-6,533
-5,285
1,708
Cash from financing
3,754
3,423
-5,172
+9.7%
Depreciation and amortisation
531
455
457
+16.7%
Share-based compensation
69.0
59.0
64.0
+16.9%
Dividends paid
309
192
32.0
+60.9%
Dividend per share
$0.36
$0.28
$0.04
+28.6%
Diluted shares, weighted
946m
950m
n/a
-0.5%
Shares outstanding at period end
882m
920m
796m
-4.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
13,716
13,201
14,051
+3.9%
Non-controlling interest
48.0
50.0
29.0
-4.0%
Deposits
89,517
85,710
81,648
+4.4%
Debt
14,266
13,267
11,411
+7.5%
Other liabilities
4,347
4,739
3,868
-8.3%
Total liabilities and equity
121,894
116,967
111,007
+4.2%
Fixed assets
2,542
2,447
2,389
+3.9%
Goodwill
2,416
2,417
2,417
-0.0%
Intangible assets
27.0
40.0
62.0
-32.5%
Securities held for sale or to maturity
284
322
353
-11.8%
Loans
83,928
78,763
74,487
+6.6%
Trading assets
207
177
294
+16.9%
Other assets
32,490
32,801
31,005
-0.9%
Total assets
121,894
116,967
111,007
+4.2%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.