Discontinued — last reported Q3 '24
Commercial Banking — Income (loss) before income taxes
Fifth Third Bank Commercial Banking — Income (loss) before income taxes increased by 24.7% to $480.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 45.6%, from $882.00M to $480.00M. Over 2 years (FY 2021 to FY 2023), Commercial Banking — Income (loss) before income taxes shows an upward trend with a 29.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase reflects improved operational performance, while a decrease indicates rising costs, lower revenue, or increased credit provisions.
Detailed definition
This is the total operating profit of the commercial banking segment before the deduction of applicable income taxes. It...
Peer comparison
Standard segment-level profitability metric used across the banking industry for performance benchmarking.
fitb_segment_commercial_banking_income_loss_before_income_taxesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $483.00M | $567.00M | $441.00M | $388.00M | $358.00M | $454.00M | $826.00M | $716.00M | $880.00M | $882.00M | $675.00M | $440.00M | $385.00M | $480.00M |
| QoQ Change | — | +17.4% | -22.2% | -12.0% | -7.7% | +26.8% | +81.9% | -13.3% | +22.9% | +0.2% | -23.5% | -34.8% | -12.5% | +24.7% |
| YoY Change | — | — | — | — | -25.9% | -19.9% | +87.3% | +84.5% | +145.8% | +94.3% | -18.3% | -38.5% | -56.3% | -45.6% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Fifth Third Bank's commercial banking — income (loss) before income taxes?
- Fifth Third Bank (FITB) reported commercial banking — income (loss) before income taxes of $480.00M in Q3 2024.
- How has Fifth Third Bank's commercial banking — income (loss) before income taxes changed year-over-year?
- Fifth Third Bank's commercial banking — income (loss) before income taxes decreased by 45.6% year-over-year, from $882.00M to $480.00M.
- What is the long-term trend for Fifth Third Bank's commercial banking — income (loss) before income taxes?
- Over 2 years (2021 to 2023), Fifth Third Bank's commercial banking — income (loss) before income taxes has grown at a 29.7% compound annual growth rate (CAGR), from $1.87B to $3.15B.
- What does commercial banking — income (loss) before income taxes mean?
- The total profit of the commercial banking segment before accounting for income taxes.