Business Segments · Technology and communications
Consumer Lending — Technology and communications
Fifth Third Bank Consumer Lending — Technology and communications increased by 33.3% to $4.00M in Q2 2022 compared to the prior quarter. Year-over-year, this metric grew by 33.3%, from $3.00M to $4.00M.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ3 2017
Last reportedQ2 2022
Rolls up toTechnology & Communications
How to read this metric
While higher costs may indicate necessary digital investment, they should ideally be offset by efficiency gains or revenue growth over time.
Detailed definition
This metric tracks the costs associated with technology infrastructure, software, and communication systems supporting t...
Peer comparison
Commonly reported as 'Technology Expense' or 'Data Processing Expense' in segment disclosures.
Metric ID:
fitb_segment_consumer_lending_technology_and_communicationsHistorical Data
5 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | |
|---|---|---|---|---|---|
| Value | $3.00M | $3.00M | $3.00M | $3.00M | $4.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +33.3% |
| YoY Change | — | — | — | — | +33.3% |
Range$3.00M – $4.00M
CAGR+33.3%
Avg YoY Growth+33.3%
Median YoY Growth+33.3%
Current Streak4+ quarters growth
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Frequently Asked Questions
- What is Fifth Third Bank's consumer lending — technology and communications?
- Fifth Third Bank (FITB) reported consumer lending — technology and communications of $4.00M in Q2 2022.
- How has Fifth Third Bank's consumer lending — technology and communications changed year-over-year?
- Fifth Third Bank's consumer lending — technology and communications increased by 33.3% year-over-year, from $3.00M to $4.00M.
- What does consumer lending — technology and communications mean?
- Operating expenses related to technology and communication systems for the consumer lending business.