Business Segments · Net occupancy expense
Branch Banking — Net occupancy expense
Fifth Third Bank Branch Banking — Net occupancy expense increased by 4.3% to $49.00M in Q2 2022 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $49.00M to $49.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
Rolls up toOccupancy and equipment
How to read this metric
An increase may indicate expansion of the physical footprint or rising real estate costs, while a decrease suggests branch consolidation or improved facility efficiency.
Detailed definition
This metric represents the net costs associated with maintaining physical branch locations, including rent, utilities, m...
Peer comparison
Standard across retail banking peers as 'Occupancy Expense' or 'Premises and Equipment Expense'.
Metric ID:
fitb_segment_branch_banking_net_occupancy_expenseHistorical Data
5 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | |
|---|---|---|---|---|---|
| Value | $49.00M | $48.00M | $47.00M | $47.00M | $49.00M |
| QoQ Change | — | -2.0% | -2.1% | +0.0% | +4.3% |
| YoY Change | — | — | — | — | +0.0% |
Range$47.00M – $49.00M
CAGR+0.0%
Avg YoY Growth+0.0%
Median YoY Growth+0.0%
Current Streak2 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Fifth Third Bank's branch banking — net occupancy expense?
- Fifth Third Bank (FITB) reported branch banking — net occupancy expense of $49.00M in Q2 2022.
- How has Fifth Third Bank's branch banking — net occupancy expense changed year-over-year?
- Fifth Third Bank's branch banking — net occupancy expense decreased by 0.0% year-over-year, from $49.00M to $49.00M.
- What does branch banking — net occupancy expense mean?
- The total net cost of operating and maintaining physical bank branch buildings.