Fifth Third Bancorp (LTS:0IM1) Credit Losses Provision : $445 Mil (As of Mar. 2024)

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What is Fifth Third Bancorp Credit Losses Provision?

Fifth Third Bancorp's credit losses provision for the three months ended in Mar. 2024 was $94 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $445 Mil.

Fifth Third Bancorp's quarterly credit losses provision declined from Sep. 2023 ($119 Mil) to Dec. 2023 ($55 Mil) but then increased from Dec. 2023 ($55 Mil) to Mar. 2024 ($94 Mil).

Fifth Third Bancorp's annual credit losses provision increased from Dec. 2021 ($-377 Mil) to Dec. 2022 ($563 Mil) but then declined from Dec. 2022 ($563 Mil) to Dec. 2023 ($515 Mil).

Fifth Third Bancorp Credit Losses Provision Historical Data

The historical data trend for Fifth Third Bancorp's Credit Losses Provision 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.

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Fifth Third Bancorp Credit Losses Provision Chart

Fifth Third Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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471.00

1,097.00

-377.00

563.00

515.00

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
Credit Losses Provision	Get a 7-Day Free Trial															164.00	177.00	119.00	55.00	94.00

Fifth Third Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $445 Mil.

Fifth Third Bancorp (LTS:0IM1) Business Description

Industry

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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.

Fifth Third Bancorp (LTS:0IM1) Headlines

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