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Fifth Third Bancorp (FITB) FY2025 results: revenue $9.0 billion, up 6.3% on the year

Fifth Third Bancorp (FITB) reported revenue of $9.0 billion for fiscal 2025, the year ended 31 December 2025, up 6.3% on the year before. Net income was $2.5 billion, up 9.0%, and diluted earnings per share $3.53. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2026.

Revenue
$9.0 billion
+6.3% on the year
FY2018FY2025
Operating margin
n/a
FY2018FY2025
Net income
$2.5 billion
+9.0% on the year
FY2018FY2025
Diluted EPS
$3.53
+12.4% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The year in brief

What management said about the year

  • Diluted EPS of $1.04: Net income available to common shareholders was $699 million, up from $608 million in the prior quarter. Adjusted return on assets was 1.41%.
  • Net interest income rose 1%: FTE net interest income was $1,533 million, up $8 million from the prior quarter and up 6% from the year-ago quarter.
  • Net interest margin held at 3.13%: Net interest margin was flat sequentially at 3.13% and rose 16 bps from a year earlier. Higher average short-term investments, including interest-bearing cash, contributed to the flat margin.
  • Expenses rose 3% sequentially: Noninterest expense was $1.309 billion, with higher technology and communications and card and processing costs. Expense excluding certain items and deferred compensation was $1.273 billion.
  • Net charge-offs fell sharply: Net charge-offs were $125 million, and the ratio was 0.40% compared with 1.09% in the prior quarter.
Read the Q4 FY2025 earnings call summary

From this 10-K

Fifth Third Bancorp is an Ohio corporation organised in 1975 and run from Cincinnati. It is the indirect holding company of Fifth Third Bank, National Association. At the end of 2025 it operated 1,130 full-service banking centres and 2,199 branded cash machines across Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, South Carolina and Alabama.

Fifth Third Bancorp, the 10-K for 2025

Fifth Third Bancorp is an Ohio corporation organised in 1975 and run from Cincinnati. It is the indirect holding company of Fifth Third Bank, National Association. At the end of 2025 it operated 1,130 full-service banking centres and 2,199 branded cash machines across Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, South Carolina and Alabama.

Three businesses

Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.

Inside Commercial Banking

Commercial Banking sells credit intermediation, cash management and financial services to large and middle-market businesses and to government and professional customers. Beyond the ordinary lending and deposits, it covers global cash management, foreign exchange and international trade finance, derivatives and capital markets, asset-based lending, real estate finance, public finance, commercial leasing and syndicated finance.

What it sells, and to whom

The subsidiaries sell into the commercial, financial, retail, governmental, educational, energy and healthcare sectors. That is a wider list than a regional bank's branch map suggests, and it is worth reading as a statement about where the lending goes.

The products run to current, savings and money market accounts, wealth management, payments and commerce products, securities products and services, insurance, and credit in several forms: commercial loans and leases, mortgages, credit cards, instalment loans and other lending. They are delivered through banking centres, other offices, telephone sales, the internet and mobile applications. Deposits are insured by the Federal Deposit Insurance Corporation through the Deposit Insurance Fund.

The trust and advisory side

At the end of 2025 the trust and registered investment advisory businesses held about $690 billion of total assets under care and managed $80 billion for individuals, corporations and not-for-profit organisations. Assets under care is the wider figure: it counts what the bank holds or administers, while the managed figure counts what it decides on. Both are client assets, not the bank's own.

Its legal standing

Fifth Third is a bank holding company under the Bank Holding Company Act and has elected to be treated as a financial holding company under the Gramm-Leach-Bliley Act and Federal Reserve regulations. That election is what allows the wider set of financial activities beyond plain banking.

Who it competes with

The company names banking institutions first, and then securities dealers, brokers, mortgage bankers, investment advisors, speciality finance, private credit, financial technology and insurance companies. It notes those competitors work across geographic boundaries, which is the point: a bank with 1,130 branches in twelve states competes in its own markets against firms that have no branches anywhere.

From Fifth Third's annual report on Form 10-K for the year ended 31 December 2025. The filing

Written from the 10-K filed 24 February 2026: read the full 10-K.

The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025

Income statement (profit and loss)

$ millionFY2025FY2024FY2023On the yearLast 8 years
Revenue9,0178,4798,708+6.3%
Interest expensen/an/a3,933
Pre-tax income3,2112,9162,988+10.1%
Income tax689602639+14.5%
Effective tax rate21.5%20.6%21.4%
Net income2,5222,3142,349+9.0%
Net margin28.0%27.3%27.0%
Diluted EPS$3.53$3.14$3.22+12.4%
$ 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

$ millionFY2025FY2024FY2023On the yearLast 8 years
Operating cash flow4,5142,8244,509+59.8%
Capital expenditure584414491+41.1%
Free cash flow3,9302,4104,018+63.1%
Cash from investing-1,8461,039-9,488
Cash from financing-2,183-3,9914,655
Depreciation and amortisation554495462+11.9%
Share-based compensation163164169-0.6%
Buybacks525625200-16.0%
Dividends paid1,1631,1761,060-1.1%
Dividend per share$1.54$1.44$1.36+6.9%
Diluted shares, weighted673m687m688m-2.2%
Shares outstanding at period end661m670m681m-1.3%

Balance sheet

$ millionFY2025FY2024FY2023On the yearLast 8 years
Shareholders' equity21,72419,64519,172+10.6%
Deposits171,819167,252168,912+2.7%
Debt14,51518,99119,434-23.6%
Other liabilities6,3187,0397,056-10.2%
Total liabilities and equity214,376212,927214,574+0.7%
Fixed assets2,7342,4752,349+10.5%
Goodwill4,9474,9184,919+0.6%
Intangible assets69.090.0125-23.3%
Securities held for sale or to maturity47,52750,82550,421-6.5%
Loans120,398117,439114,912+2.5%
Cash and equivalents3,4993,0143,142+16.1%
Other assets35,20234,16638,706+3.0%
Total assets214,376212,927214,574+0.7%

10-K for the year ended 31 December 2025, filed 24 February 2026: the filing.