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FITB Q2 2023 Earnings — Fifth Third Bancorp Revenue & Financial Results | Market Cap Arena
FITB
Fifth Third Bancorp
$31B
Q2 2023 Earnings
Financial Services
Banks - Regional
Income Statement
Revenue
$3.0B
+44.8% YoY
Gross Profit
$1.9B
63.7% margin
Operating Income
$775M
25.8% margin
Net Income
$601M
20.0% margin
EPS (Diluted)
$0.82
QoQ Revenue Growth
+5.3%
Cash Flow
Operating Cash Flow
$480M
Free Cash Flow
$345M
Stock-Based Comp.
$35M
Balance Sheet
Total Assets
$207.3B
Total Liabilities
$189.5B
Stockholders' Equity
$17.8B
Cash & Equivalents
$2.6B
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$3.0B
$2.1B
+44.8%
Gross Profit
$1.9B
$1.8B
+8.1%
Operating Income
$775M
$724M
+7.0%
Net Income
$601M
$562M
+6.9%
Revenue Segments
Total interest income
$2.4B
77%
Commercial banking revenue
$146M
5%
Service charges on deposits
$144M
5%
Wealth and asset management revenue
$143M
5%
Card and processing revenue
$106M
3%
Other noninterest income
$74M
2%
Mortgage banking net revenue
$59M
2%
Leasing business revenue
$47M
2%
Securities gains (losses), net
$7M
0%
← FY 2023
All Quarters
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