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FITB Q1 2023 Earnings — Fifth Third Bancorp Revenue & Financial Results | Market Cap Arena
FITB
Fifth Third Bancorp
$31B
Q1 2023 Earnings
Financial Services
Banks - Regional
Income Statement
Revenue
$2.9B
+50.3% YoY
Gross Profit
$2.0B
69.8% margin
Operating Income
$718M
25.2% margin
Net Income
$558M
19.6% margin
EPS (Diluted)
$0.78
QoQ Revenue Growth
+4.3%
Cash Flow
Operating Cash Flow
$1.3B
Free Cash Flow
$1.2B
Stock-Based Comp.
$76M
Balance Sheet
Total Assets
$208.7B
Total Liabilities
$190.3B
Stockholders' Equity
$18.4B
Cash & Equivalents
$2.8B
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$2.9B
$1.9B
+50.3%
Gross Profit
$2.0B
$1.8B
+13.3%
Operating Income
$718M
$612M
+17.3%
Net Income
$558M
$494M
+13.0%
Revenue Segments
Total interest income
$2.2B
76%
Commercial banking revenue
$161M
6%
Wealth and asset management revenue
$146M
5%
Service charges on deposits
$137M
5%
Card and processing revenue
$100M
3%
Mortgage banking net revenue
$69M
2%
Leasing business revenue
$57M
2%
Other noninterest income
$22M
1%
Securities gains (losses), net
$4M
0%
← FY 2023
All Quarters
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