Discontinued — last reported Q3 '24
Commercial Banking — Net Income
Fifth Third Bank Commercial Banking — Net Income increased by 22.8% to $393.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 45.3%, from $718.00M to $393.00M. Over 2 years (FY 2021 to FY 2023), Commercial Banking — Net Income shows an upward trend with a 29.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates strong overall segment performance and value creation, while a decrease signals declining profitability.
Detailed definition
This is the final bottom-line profit of the commercial banking segment after all operating expenses, credit provisions,...
Peer comparison
The standard 'Net Income' metric used to compare the performance of business segments across the banking sector.
fitb_segment_commercial_banking_net_incomeHistorical 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 | $393.00M | $457.00M | $357.00M | $318.00M | $294.00M | $369.00M | $668.00M | $580.00M | $711.00M | $718.00M | $550.00M | $369.00M | $320.00M | $393.00M |
| QoQ Change | — | +16.3% | -21.9% | -10.9% | -7.5% | +25.5% | +81.0% | -13.2% | +22.6% | +1.0% | -23.4% | -32.9% | -13.3% | +22.8% |
| YoY Change | — | — | — | — | -25.2% | -19.3% | +87.1% | +82.4% | +141.8% | +94.6% | -17.7% | -36.4% | -55.0% | -45.3% |
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Frequently Asked Questions
- What is Fifth Third Bank's commercial banking — net income?
- Fifth Third Bank (FITB) reported commercial banking — net income of $393.00M in Q3 2024.
- How has Fifth Third Bank's commercial banking — net income changed year-over-year?
- Fifth Third Bank's commercial banking — net income decreased by 45.3% year-over-year, from $718.00M to $393.00M.
- What is the long-term trend for Fifth Third Bank's commercial banking — net income?
- Over 2 years (2021 to 2023), Fifth Third Bank's commercial banking — net income has grown at a 29.8% compound annual growth rate (CAGR), from $1.52B to $2.56B.
- What does commercial banking — net income mean?
- The final profit of the commercial banking segment after all expenses and taxes are paid.