Fifth Third Bancorp (FITB) FY2015 results: revenue $6.5 billion, up 8.0% on the year
Fifth Third Bancorp (FITB) reported revenue of $6.5 billion for fiscal 2015, the year ended 31 December 2015, up 8.0% on the year before. Net income was $1.7 billion, up 15.6%, and diluted earnings per share $2.01. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$6.5 billion
+8.0% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$1.7 billion
+15.6% on the year
FY2008FY2015
Diluted EPS
$2.01
+21.1% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
6,536
6,052
6,788
+8.0%
Interest expense
495
451
412
+9.8%
Pre-tax income
2,365
2,028
2,598
+16.6%
Income tax
659
545
772
+20.9%
Effective tax rate
27.9%
26.9%
29.7%
Net income
1,712
1,481
1,836
+15.6%
Net margin
26.2%
24.5%
27.0%
Diluted EPS
$2.01
$1.66
$2.02
+21.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
2,418
2,076
4,595
+16.5%
Capital expenditure
164
216
274
-24.1%
Free cash flow
2,254
1,860
4,321
+21.2%
Depreciation and amortisation
441
414
507
+6.5%
Share-based compensation
100
83.0
78.0
+20.5%
Buybacks
850
654
1,320
+30.0%
Dividends paid
422
423
393
-0.2%
Dividend per share
$0.52
$0.51
$0.47
+2.0%
Diluted shares, weighted
808m
843m
895m
-4.2%
Shares outstanding at period end
785m
824m
855m
-4.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
15,839
15,626
14,589
+1.4%
Non-controlling interest
31.0
39.0
37.0
-20.5%
Deposits
103,205
101,712
99,275
+1.5%
Debt
17,468
16,667
11,297
+4.8%
Other liabilities
4,539
4,662
5,245
-2.6%
Total liabilities and equity
141,082
138,706
130,443
+1.7%
Fixed assets
2,239
2,465
2,531
-9.2%
Goodwill
2,416
2,416
2,416
0.0%
Intangible assets
12.0
15.0
19.0
-20.0%
Securities held for sale or to maturity
70.0
187
208
-62.6%
Loans
91,310
88,762
87,032
+2.9%
Trading assets
386
360
343
+7.2%
Other assets
44,649
44,501
37,894
+0.3%
Total assets
141,082
138,706
130,443
+1.7%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.