Fifth Third Bancorp (FITB) FY2022 results: revenue $8.4 billion, up 6.2% on the year
Fifth Third Bancorp (FITB) reported revenue of $8.4 billion for fiscal 2022, the year ended 31 December 2022, up 6.2% on the year before. Net income was $2.4 billion, down 11.7%, and diluted earnings per share $3.35. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$8.4 billion
+6.2% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$2.4 billion
-11.7% on the year
FY2015FY2022
Diluted EPS
$3.35
-10.2% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
6,428
2,704
371
+137.7%
Capital expenditure
348
309
305
+12.6%
Free cash flow
6,080
2,395
66.0
+153.9%
Cash from investing
-4,871
-7,968
-31,902
Cash from financing
-1,085
5,111
31,400
Depreciation and amortisation
436
349
492
+24.9%
Share-based compensation
165
120
123
+37.5%
Buybacks
100
1,393
0.0
-92.8%
Dividends paid
927
897
858
+3.3%
Dividend per share
$1.26
$1.14
$1.08
+10.5%
Diluted shares, weighted
695m
711m
720m
-2.3%
Shares outstanding at period end
683m
683m
713m
+0.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
17,327
22,210
23,111
-22.0%
Deposits
163,690
169,324
159,081
-3.3%
Debt
18,732
13,082
16,465
+43.2%
Other liabilities
7,703
6,500
6,023
+18.5%
Total liabilities and equity
207,452
211,116
204,680
-1.7%
Fixed assets
2,187
2,120
2,088
+3.2%
Goodwill
4,915
4,514
4,258
+8.9%
Intangible assets
169
156
139
+8.3%
Securities held for sale or to maturity
51,508
38,118
37,524
+35.1%
Loans
119,286
110,158
106,329
+8.3%
Cash and equivalents
3,466
2,994
3,147
+15.8%
Other assets
25,921
53,056
51,195
-51.1%
Total assets
207,452
211,116
204,680
-1.7%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.