What is Fifth Third Bank's wealth and asset management — goodwill?

Fifth Third Bank (FITB) reported wealth and asset management — goodwill of $225.00M in Q4 2024.

What does wealth and asset management — goodwill mean?

The intangible value recorded on the balance sheet from past acquisitions in the wealth management business.

Discontinued — last reported Q4 '24

Fifth Third Bank Wealth And Asset Management — Goodwill decreased by 0.4% to $225.00M in Q4 2024 compared to the prior quarter.

StatementSegment

CategoryCapital Allocation

SignalContext dependent

VolatilityStable

First reportedQ4 2019

Last reportedQ4 2024

An increase indicates recent acquisition activity, while a decrease may signal impairment charges or divestitures.

Represents the premium paid over the fair value of net identifiable assets during acquisitions within the Wealth and Ass...

Standard across banking peers; high levels relative to equity may indicate overpayment for acquisitions.

Metric ID: fitb_segment_wealth_and_asset_management_goodwill

4 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24
Value	$231.00M	$226.00M	$226.00M	$225.00M
QoQ Change	—	-2.2%	+0.0%	-0.4%
YoY Change	—	-2.2%	+0.0%	-0.4%

Range$225.00M – $231.00M

Avg YoY Growth-0.9%

Median YoY Growth-0.4%

What is Fifth Third Bank's wealth and asset management — goodwill?: Fifth Third Bank (FITB) reported wealth and asset management — goodwill of $225.00M in Q4 2024.
What does wealth and asset management — goodwill mean?: The intangible value recorded on the balance sheet from past acquisitions in the wealth management business.