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Fifth Third Bancorp (Fifth Third Bancorp) Retained Earnings : $22,997 Mil (As of Dec. 2023)


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What is Fifth Third Bancorp Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fifth Third Bancorp's retained earnings for the quarter that ended in Dec. 2023 was $22,997 Mil.

Fifth Third Bancorp's quarterly retained earnings increased from Jun. 2023 ($22,366 Mil) to Sep. 2023 ($22,747 Mil) and increased from Sep. 2023 ($22,747 Mil) to Dec. 2023 ($22,997 Mil).

Fifth Third Bancorp's annual retained earnings increased from Dec. 2021 ($20,236 Mil) to Dec. 2022 ($21,689 Mil) and increased from Dec. 2022 ($21,689 Mil) to Dec. 2023 ($22,997 Mil).


Fifth Third Bancorp Retained Earnings Historical Data

The historical data trend for Fifth Third Bancorp's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fifth Third Bancorp Retained Earnings Chart

Fifth Third Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18,315.00 18,384.00 20,236.00 21,689.00 22,997.00

Fifth Third Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22,032.00 22,366.00 22,747.00 22,997.00 23,224.00

Fifth Third Bancorp Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Fifth Third Bancorp  (NAS:FITB) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Fifth Third Bancorp (Fifth Third Bancorp) Business Description

Address
38 Fountain Square Plaza, Cincinnati, OH, USA, 45263
Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking centers and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.
Executives
C. Bryan Daniels director MB FINANCIAL INC/MD, 6111 NORTH RIVER ROAD, ROSEMONT IL 60018
Laurent Desmangles director 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kathleen A Rogers director US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Evan Bayh director 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814
Gary R Heminger director C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Howard Hammond officer: EVP 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kevin P Lavender officer: EVP C/O AMSURG CORPORATION, 20 BURTON HILLS BLVD., 5TH FLOOR, NASHVILLE TN 37215
Robert P Shaffer officer: EVP and CHRO 38 FOUNTAIN SQUARE PLAZA, MD 10909F, CINCINNATI OH 45263
Timothy Spence officer: EVP & CSO 38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
James C. Leonard officer: SVP & Treasurer 38 FOUNTAIN SQUARE PLAZA, MD10AT76, CINCINNATI OH 45263
Mitchell Feiger director C/O MB FINANCIAL INC, 1200 NORTH ASHLAND AVE, CHICAGO IL 60622
Jude Schramm officer: EVP and CIO 38 FOUNTAIN SQUARE PLAZA, MD 10909F, CINCINNATI OH 45263
Greg D Carmichael officer: Executive Vice President
Kala Gibson officer: EVP 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kristine R. Garrett officer: EVP 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263