Fifth Third Bancorp (Fifth Third Bancorp) Tax Rate %

: 18.46% (As of Dec. 2023)

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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Fifth Third Bancorp's Tax Expense for the three months ended in Dec. 2023 was $120 Mil. Fifth Third Bancorp's Pre-Tax Income for the three months ended in Dec. 2023 was $650 Mil. Therefore, Fifth Third Bancorp's Tax Rate % for the quarter that ended in Dec. 2023 was 18.46%.

Fifth Third Bancorp Tax Rate % Historical Data

The historical data trend for Fifth Third Bancorp's Tax Rate % 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 21.55 [6] => 20.59 [7] => 21.24 [8] => 20.92 [9] => 21.39 )

Fifth Third Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

21.55

20.59

21.24

20.92

21.39

Fifth Third Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %																19.37	22.28	22.45	21.99	18.46

Fifth Third Bancorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Fifth Third Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	639	/	2988
	=	21.39 %

Fifth Third Bancorp's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	120	/	650
	=	18.46 %

Fifth Third Bancorp Tax Rate % Related Terms

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Fifth Third Bancorp (Fifth Third Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fifth Third Bancorp (NAS:FITB) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

FITBO.PFD:USA FITBP.PFD:USA FITBI.PFD:USA FFH:Germany FFH:Germany FFTD34:Brazil

Address

38 Fountain Square Plaza, Cincinnati, OH, USA, 45263

Website

https://www.53.com

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