Income Tax
Fifth Third Bank Income Tax decreased by 77.0% to $42.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 69.6%, from $138.00M to $42.00M. Over 4 years (FY 2021 to FY 2025), Income Tax shows relatively stable performance with a -2.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
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 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $202.00M | $191.00M | $165.00M | $118.00M | $162.00M | $192.00M | $175.00M | $160.00M | $174.00M | $186.00M | $119.00M | $138.00M | $163.00M | $155.00M | $146.00M | $138.00M | $180.00M | $188.00M | $183.00M | $42.00M |
| QoQ Change | — | -5.4% | -13.6% | -28.5% | +37.3% | +18.5% | -8.9% | -8.6% | +8.8% | +6.9% | -36.0% | +16.0% | +18.1% | -4.9% | -5.8% | -5.5% | +30.4% | +4.4% | -2.7% | -77.0% |
| YoY Change | — | — | — | — | -19.8% | +0.5% | +6.1% | +35.6% | +7.4% | -3.1% | -32.0% | -13.8% | -6.3% | -16.7% | +22.7% | +0.0% | +10.4% | +21.3% | +25.3% | -69.6% |
Business Segments
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Commercial Banking | $158.00M | $136.00M | $169.00M | $164.00M | $125.00M | $71.00M | $65.00M | $87.00M |
| Investment Advisors | $20.00M | $19.00M | $20.00M | $22.00M | $13.00M | $12.00M | $12.00M | $12.00M |
| Total | $175.00M | $160.00M | $174.00M | $186.00M | $119.00M | $138.00M | $163.00M | $155.00M |
Commercial Banking, Investment Advisors were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Income Tax at Other Companies
Frequently Asked Questions
- What is Fifth Third Bank's income tax?
- Fifth Third Bank (FITB) reported income tax of $42.00M in Q1 2026.
- How has Fifth Third Bank's income tax changed year-over-year?
- Fifth Third Bank's income tax decreased by 69.6% year-over-year, from $138.00M to $42.00M.
- What is the long-term trend for Fifth Third Bank's income tax?
- Over 4 years (2021 to 2025), Fifth Third Bank's income tax has grown at a -2.0% compound annual growth rate (CAGR), from $747.00M to $689.00M.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.