Discontinued — last reported Q3 '24
Commercial Banking — Applicable income tax expense
Fifth Third Bank Commercial Banking — Applicable income tax expense increased by 33.8% to $87.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 47.0%, from $164.00M to $87.00M. Over 2 years (FY 2021 to FY 2023), Commercial Banking — Applicable income tax expense shows an upward trend with a 29.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase generally correlates with higher pre-tax profits, while a decrease typically reflects lower segment profitability.
Detailed definition
This represents the portion of the commercial banking segment's earnings allocated to income tax obligations based on th...
Peer comparison
Standard tax allocation metric found in segment reporting for most publicly traded financial institutions.
fitb_segment_commercial_banking_applicable_income_tax_expenseHistorical 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 | $90.00M | $110.00M | $84.00M | $70.00M | $64.00M | $85.00M | $158.00M | $136.00M | $169.00M | $164.00M | $125.00M | $71.00M | $65.00M | $87.00M |
| QoQ Change | — | +22.2% | -23.6% | -16.7% | -8.6% | +32.8% | +85.9% | -13.9% | +24.3% | -3.0% | -23.8% | -43.2% | -8.5% | +33.8% |
| YoY Change | — | — | — | — | -28.9% | -22.7% | +88.1% | +94.3% | +164.1% | +92.9% | -20.9% | -47.8% | -61.5% | -47.0% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Fifth Third Bank's commercial banking — applicable income tax expense?
- Fifth Third Bank (FITB) reported commercial banking — applicable income tax expense of $87.00M in Q3 2024.
- How has Fifth Third Bank's commercial banking — applicable income tax expense changed year-over-year?
- Fifth Third Bank's commercial banking — applicable income tax expense decreased by 47.0% year-over-year, from $164.00M to $87.00M.
- What is the long-term trend for Fifth Third Bank's commercial banking — applicable income tax expense?
- Over 2 years (2021 to 2023), Fifth Third Bank's commercial banking — applicable income tax expense has grown at a 29.5% compound annual growth rate (CAGR), from $354.00M to $594.00M.
- What does commercial banking — applicable income tax expense mean?
- The amount of income tax expense attributed to the commercial banking segment's earnings.