Fifth Third Falls Four-Fifths: Fool by Numbers
On Jan. 18, Cincinnati-based Fifth Third Bancorp (Nasdaq: FITB) released fourth-quarter earnings for the period ended Dec. 31.
- As the headline implies, Fifth Third took an 80% hit to net income. The company took significant charges by adjusting the balance sheet and reducing leverage.
- On the bright side, net interest margin increased as a result of those balance sheet adjustments.
- President Kevin Kabat will replace CEO George Schaefer, who will stay on as chairman.
- Fifth Third holds a one-star rating in Motley Fool CAPS, our community-intelligence database. Tell us what you think about Fifth Third.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006
|
Q4 2005
|
Change
|
|
Total Revenue
|
$856.0
|
$1,237.0
|
(30.8%)
|
|
Net Interest Income
|
$744.0
|
$735.0
|
1.2%
|
|
Net Profit
|
$66.0
|
$332.0
|
(80.1%)
|
|
EPS
|
$ 0.12
|
$0.60
|
(80.0%)
|
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q4 2006
|
Q4 2005
|
Change*
|
|
Net Interest Margin
|
3.16%
|
3.11%
|
0.05%
|
|
Efficiency Ratio
|
82.90%
|
55.60%
|
27.30%
|
|
Nonperforming Assets / Loans & OREO
|
0.61%
|
0.52%
|
0.09%
|
|
Return on Average Assets
|
0.25%
|
1.27%
|
(1.02%)
|
|
Return on Average Equity
|
2.60%
|
13.90%
|
(11.30%)
|
Find out more about bank ratios.
Balance Sheet Highlights*
|
Assets
|
Q4 2006
|
Q4 2005
|
Change
|
|
Investments
|
$18,262
|
$23,274
|
(21.5%)
|
|
Loans
|
$75,262
|
$70,489
|
6.8%
|
|
Liabilities
|
Q4 2006
|
Q4 2005
|
Change
|
|
Deposits
|
$60,001
|
$58,080
|
3.3%
|
|
Total Liabilities
|
$94,452
|
$94,508
|
(2.0%)
|
*Average balance sheet for the quarter.
Learn about bank assets and bank liabilities.
Related Companies:
-
National City (NYSE: NCC)
-
Comerica (NYSE: CMA)
-
KeyCorp (NYSE: KEY)
Related Foolishness:
National City is an Income Investor recommendation. To see how analyst James Early can help you find the stocks that pay the best dividends, take a free trial to the newsletter.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
Fool financial editor Joey Khattab does not own any of the shares mentioned. The Motley Fool has a disclosure policy.
Terms & Conditions
RSS Headlines
Fool UK