Discontinued — last reported Q3 '24
Commercial Banking — Service charges on deposits
Fifth Third Bank Commercial Banking — Service charges on deposits remained flat by 0.0% to $104.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 9.5%, from $95.00M to $104.00M. Over 2 years (FY 2021 to FY 2023), Commercial Banking — Service charges on deposits shows relatively stable performance with a 1.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests growth in commercial client activity or higher fee utilization, while a decrease may indicate competitive pricing pressure or client attrition.
Detailed definition
This represents the fee income generated from commercial clients for maintaining deposit accounts, including transaction...
Peer comparison
Standard fee-based revenue line item found in the non-interest income disclosures of most commercial banks.
fitb_segment_commercial_banking_service_charges_on_depositsHistorical 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 | $92.00M | $91.00M | $90.00M | $94.00M | $92.00M | $90.00M | $96.00M | $87.00M | $92.00M | $95.00M | $97.00M | $100.00M | $104.00M | $104.00M |
| QoQ Change | — | -1.1% | -1.1% | +4.4% | -2.1% | -2.2% | +6.7% | -9.4% | +5.7% | +3.3% | +2.1% | +3.1% | +4.0% | +0.0% |
| YoY Change | — | — | — | — | +0.0% | -1.1% | +6.7% | -7.4% | +0.0% | +5.6% | +1.0% | +14.9% | +13.0% | +9.5% |
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Frequently Asked Questions
- What is Fifth Third Bank's commercial banking — service charges on deposits?
- Fifth Third Bank (FITB) reported commercial banking — service charges on deposits of $104.00M in Q3 2024.
- How has Fifth Third Bank's commercial banking — service charges on deposits changed year-over-year?
- Fifth Third Bank's commercial banking — service charges on deposits increased by 9.5% year-over-year, from $95.00M to $104.00M.
- What is the long-term trend for Fifth Third Bank's commercial banking — service charges on deposits?
- Over 2 years (2021 to 2023), Fifth Third Bank's commercial banking — service charges on deposits has grown at a 1.1% compound annual growth rate (CAGR), from $363.00M to $371.00M.
- What does commercial banking — service charges on deposits mean?
- Revenue earned from fees charged to commercial clients for managing their deposit accounts and related services.