Fifth Third Bancorp (FITB) FY2021 results: revenue $7.9 billion, up 3.6% on the year
Fifth Third Bancorp (FITB) reported revenue of $7.9 billion for fiscal 2021, the year ended 31 December 2021, up 3.6% on the year before. Net income was $2.8 billion, up 94.1%, and diluted earnings per share $3.73. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$7.9 billion
+3.6% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$2.8 billion
+94.1% on the year
FY2014FY2021
Diluted EPS
$3.73
+103.8% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,704
371
1,824
+628.8%
Capital expenditure
309
305
243
+1.3%
Free cash flow
2,395
66.0
1,581
+3,528.8%
Cash from investing
-7,968
-31,902
-797
Cash from financing
5,111
31,400
-430
-83.7%
Depreciation and amortisation
349
492
472
-29.1%
Share-based compensation
120
123
132
-2.4%
Buybacks
1,393
0.0
1,763
Dividends paid
897
858
660
+4.5%
Dividend per share
$1.14
$1.08
$0.94
+5.6%
Diluted shares, weighted
711m
720m
720m
-1.2%
Shares outstanding at period end
683m
713m
709m
-4.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
22,210
23,111
21,203
-3.9%
Non-controlling interest
n/a
n/a
0.0
Deposits
169,324
159,081
127,062
+6.4%
Debt
13,082
16,465
16,241
-20.5%
Other liabilities
6,500
6,023
4,863
+7.9%
Total liabilities and equity
211,116
204,680
169,369
+3.1%
Fixed assets
2,120
2,088
1,995
+1.5%
Goodwill
4,514
4,258
4,252
+6.0%
Intangible assets
156
139
201
+12.2%
Securities held for sale or to maturity
38,118
37,524
36,045
+1.6%
Loans
110,158
106,329
108,356
+3.6%
Trading assets
n/a
n/a
297
Cash and equivalents
2,994
3,147
3,278
-4.9%
Other assets
53,056
51,195
14,945
+3.6%
Total assets
211,116
204,680
169,369
+3.1%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.