FIFTH THIRD BANCORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data FIFTH THIRD BANCORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	558	554	549	565	559	600	589	577
Interest expense	578	691	1,043	1,457	790	441	978	3,933
Pre-tax income	2,208	2,979	2,765	3,202	1,797	3,517	3,093	2,988	2,916	3,211
Income tax	665	799	572	690	370	747	647	639	602	689
Net income to minority interests	-4	0	0	0
Net income	1,547	2,180	2,193	2,512	1,427	2,770	2,446	2,349	2,314	2,522
EPS, basic	1.92	2.86	3.11	3.38	1.84	3.78	3.38	3.23	3.16	3.56
EPS, diluted	1.91	2.81	3.06	3.33	1.83	3.73	3.35	3.22	3.14	3.53
Shares, basic (weighted)	757	728	673	710	715	702	689	684	682	668
Shares, diluted (weighted)	764	741	685	720	720	711	695	688	687	673
Dividend per share	0.53	0.60	0.74	0.94	1.08	1.14	1.26	1.36	1.44	1.54

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents			2,681	3,278	3,147	2,994	3,466	3,142	3,014	3,499
Property, plant and equipment	2,065	2,003	1,861	1,995	2,088	2,120	2,187	2,349	2,475	2,734
Lease right-of-use assets			0	473	423	427	508	511	526	629
Goodwill	2,416	2,445	2,478	4,252	4,258	4,514	4,915	4,919	4,918	4,947
Intangible assets	9	27	40	201	139	156	169	125	90	69
Total assets	142,080	142,081	146,069	169,369	204,680	211,116	207,452	214,574	212,927	214,376
Short-term debt									4,654	926
Total liabilities	125,945	125,861	129,819	148,166	181,569	188,906	190,125	195,402	193,282	192,652
Total debt	14,388	14,904	14,426	14,970	14,973	11,821	13,714	16,380	14,337	13,589
Paid-in capital	2,756	2,790	2,873	3,599	3,635	3,624	3,684	3,757	3,804	3,831
Retained earnings	13,441	14,957	16,578	18,315	18,384	20,236	21,689	22,997	24,150	25,488
Treasury stock	-3,433	-5,002	-6,471	-5,724	-5,676	-7,024	-7,103	-7,262	-7,840	-8,306
Other comprehensive income	59	73	-112	1,192	2,601	1,207	-5,110	-4,487	-4,636	-3,110
Shareholders' equity	16,205	16,200	16,250	21,203	23,111	22,210	17,327	19,172	19,645	21,724
Minority interests	27	20	0	0
Total equity	16,081	16,220	16,250	21,203	23,111	22,210	17,327	19,172	19,645	21,724
Total liabilities and equity	142,177	142,081	146,069	169,369	204,680	211,116	207,452	214,574	212,927	214,376
Shares outstanding	750	694	647	709	713	683	683	681	670	661

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	1,543	2,180	2,193	2,512	1,427	2,770	2,446	2,349	2,314	2,522
Depreciation and amortization	453	341	360	472	492	349	436	462	495	554
Stock-based compensation	111	118	127	132	123	120	165	169	164	163
Deferred income tax	-141	-252	30	-246	-162	-14	-60	-106	72	140
Cash from operations	2,091	1,480	2,856	1,824	371	2,704	6,428	4,509	2,824	4,514
Capital expenditures	-186	-200	-192	-243	-305	-309	-348	-491	-414	-584
Acquisitions					-23	-297	-917	0	0	-36
Purchases of investments			-16,207	-13,959	-5,266	-11,713	-29,714	-6,244	-7,129	-8,145
Sales and maturities of investments	3,776	2,331	1,851	2,271	3,646	6,079	4,495	4,235	5,814	7,497
Cash from investing	-2,864	428	-4,141	-797	-31,902	-7,968	-4,871	-9,488	1,039	-1,846
Debt issued	3,735	2,490	2,438	3,866	2,557	562	4,026	4,286	3,249	1,083
Debt repaid	-5,119	-1,969	-2,884	-4,212	-2,799	-3,603	-1,762	-1,657	-5,282	-1,982
Stock issued			0	11	5	6	1	1	2	1
Share buybacks	-661	-1,605	-1,453	-1,763	0	-1,393	-100	-200	-625	-525
Dividends paid	-402	-430	-467	-660	-858	-897	-927	-1,060	-1,176	-1,163
Cash from financing	625	-1,786	1,452	-430	31,400	5,111	-1,085	4,655	-3,991	-2,183
Net change in cash	-148	122	167	597	-131	-153	472	-324	-128	485
Free cash flow	1,905	1,280	2,664	1,581	66	2,395	6,080	4,018	2,410	3,930
Interest paid	578	699	1,016	1,441	825	465	869	3,776	4,871	3,974
Income taxes paid	800	1,035	359	726	491	607	272	655	193	185

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $52.10 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	21.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	6.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.8%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	9.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	1.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	12.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	12.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	1.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	14.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	59.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-11.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	64.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	63.1%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-13.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	126.4%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	6.9%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	6.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	7.4%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	10.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	7.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-1.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	0.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	1.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	0.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-2.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.51x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	5.9%	Total debt / total assets.
Liabilities / assets	88.5%	Total liabilities / total assets.
Net debt	$13.26B	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	3.7%	(Goodwill + intangible assets) / total assets.
Tangible book value	$23.24B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	128.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	17.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.56	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$3.30	Free cash flow / diluted weighted shares.
Operating cash flow per share	$4.00	Cash from operations / diluted weighted shares.
Book value per share	$38.04	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$25.63	Tangible book value / shares outstanding.
Cash per share	$4.82	(Cash + short-term investments) / shares outstanding.
Payout ratio	55.1%	Dividends paid / net income, when net income is positive.
Dividends / FCF	42.8%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	9.9%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$47.25B	Share price x shares outstanding.
Enterprise value	$60.51B	Market cap + total debt - cash - short-term investments.
P/E	20.1x	Market cap / net income. Only when net income is positive.
P/B	1.37x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.03x	Market cap / tangible book value, when positive.
P/FCF	15.6x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	12.9x	Market cap / cash from operations, when positive.
EV/FCF	20.0x	Enterprise value / free cash flow, when both are positive.
FCF yield	6.4%	Free cash flow / market cap.
Earnings yield	5.0%	Net income / market cap (the inverse of P/E).
Dividend yield	2.7%	Dividends paid over the period / market cap.
Shareholder yield	3.4%	(Dividends paid + share buybacks) / market cap.
PEG	11.4x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was FIFTH THIRD BANCORP profitable in fiscal 2025?

Yes. Net income was $2.52B, a net margin of -.

How much free cash flow did FIFTH THIRD BANCORP generate in fiscal 2025?

Cash from operations of $4.51B minus capital expenditures of $584.0M left free cash flow of $3.93B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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