Fifth Third Bancorp (FITB) FY2024 results: revenue $8.5 billion, down 2.6% on the year
Fifth Third Bancorp (FITB) reported revenue of $8.5 billion for fiscal 2024, the year ended 31 December 2024, down 2.6% on the year before. Net income was $2.3 billion, down 1.5%, and diluted earnings per share $3.14. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2025.
Revenue
$8.5 billion
-2.6% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$2.3 billion
-1.5% on the year
FY2017FY2024
Diluted EPS
$3.14
-2.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,824
4,509
6,428
-37.4%
Capital expenditure
414
491
348
-15.7%
Free cash flow
2,410
4,018
6,080
-40.0%
Cash from investing
1,039
-9,488
-4,871
Cash from financing
-3,991
4,655
-1,085
Depreciation and amortisation
495
462
436
+7.1%
Share-based compensation
164
169
165
-3.0%
Buybacks
625
200
100
+212.5%
Dividends paid
1,176
1,060
927
+10.9%
Dividend per share
$1.44
$1.36
$1.26
+5.9%
Diluted shares, weighted
687m
688m
695m
-0.1%
Shares outstanding at period end
670m
681m
683m
-1.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
19,645
19,172
17,327
+2.5%
Deposits
167,252
168,912
163,690
-1.0%
Debt
18,991
19,434
18,732
-2.3%
Other liabilities
7,039
7,056
7,703
-0.2%
Total liabilities and equity
212,927
214,574
207,452
-0.8%
Fixed assets
2,475
2,349
2,187
+5.4%
Goodwill
4,918
4,919
4,915
-0.0%
Intangible assets
90.0
125
169
-28.0%
Securities held for sale or to maturity
50,825
50,421
51,508
+0.8%
Loans
117,439
114,912
119,286
+2.2%
Cash and equivalents
3,014
3,142
3,466
-4.1%
Other assets
34,166
38,706
25,921
-11.7%
Total assets
212,927
214,574
207,452
-0.8%
10-K for the year ended 31 December 2024, filed 24 February 2025: the filing.