FIFTH THIRD BANCORP
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
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Earnings Per Share
- Earnings Per Share
The following table provides the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share for the years ended December 31:
| 2023 · 2022 · 2021 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| ($ in millions, except per share data) · Income · Average Shares · Per Share Amount · Income · Average Shares · Per Share Amount · Income · Average Shares · Per Share Amount | |||||||||||
| Earnings Per Share: | |||||||||||
| Net income available to common shareholders | $2,212 | 2,330 | 2,659 | ||||||||
| Less: Income allocated to participating securities | — | 2 | 7 | ||||||||
| Net income allocated to common shareholders | $2,212 | 684 | 3.23 | 2,328 | 689 | 3.38 | 2,652 | 702 | 3.78 | ||
| Earnings Per Diluted Share: | |||||||||||
| Net income available to common shareholders | $2,212 | 2,330 | 2,659 | ||||||||
| Effect of dilutive securities: | |||||||||||
| Stock-based awards | — | 4 | — | 6 | — | 9 | |||||
| Net income available to common shareholders plus assumed conversions | 2,212 | 2,330 | 2,659 | ||||||||
| Less: Income allocated to participating securities | — | 2 | 7 | ||||||||
| Net income allocated to common shareholders plus assumed conversions | $2,212 | 688 | 3.22 | 2,328 | 695 | 3.35 | 2,652 | 711 | 3.73 | ||
Shares are excluded from the computation of earnings per diluted share when their inclusion has an anti-dilutive effect on earnings per share. The diluted earnings per share computation for the years ended December 31, 2023, 2022 and 2021 excludes 6 million,3 million and animmaterial amount shares, respectively, of stock-based awards because their inclusion would have been anti-dilutive.
194 Fifth Third Bancorp
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.