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Sankey diagram of Fifth Third Bancorp. A complete text table follows the diagram.
The acquisition added $50.5 billion of loans and $65.2 billion of deposits, but merger charges consumed most of the enlarged bank's first-quarter earnings
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The visualization uses GAAP net interest income rather than the filing's FTE presentation. The merger burden node includes only the $635M recorded in noninterest expense; a separate $22M merger-related noninterest loss is already included within the revenue categories and is discussed in annotations.
Labels and narrative explain the filing. A category marked “arithmetic bridge” or “residual” is calculated from reported totals, rather than a separately reported line.
| Category | Stage | Value | Notes |
|---|---|---|---|
| Lending & deposit spread | 1 | $1.9B | Net interest income; +35% |
| Wealth & asset management | 1 | $233M | +35% |
| Commercial payments | 1 | $218M | +42% |
| Consumer banking fees | 1 | $146M | Cards, deposits and service fees |
| Capital markets | 1 | $134M | +49% |
| Commercial banking fees | 1 | $105M | Leasing and relationship revenue |
| Mortgage banking | 1 | $44M | Down 23% |
| Other fees, net | 1 | $15M | Other income net of securities losses |
| Enlarged banking revenue | 2 | $2.8B | +33% year over year |
| Pretax income | 3 | $207M | 7.3% of revenue |
| Provision for credit losses | 3 | $227M | Building reserves for the larger loan book |
| Comerica integration expense | 3 | $635M | Compensation, systems, occupancy and processing |
| People, technology & bank operations | 3 | $1.8B | Noninterest expense excluding merger items |
| Net income | 4 | $165M | After $42M income tax |
| Income tax | 4 | $42M | 20.3% effective rate |
| Income for common shareholders | 5 | $128M | $0.15 diluted EPS |
| Preferred dividends | 5 | $37M | Senior equity claim |
| From | To | Value |
|---|---|---|
| Lending & deposit spread | Enlarged banking revenue | $1.9B |
| Wealth & asset management | Enlarged banking revenue | $233M |
| Commercial payments | Enlarged banking revenue | $218M |
| Consumer banking fees | Enlarged banking revenue | $146M |
| Capital markets | Enlarged banking revenue | $134M |
| Commercial banking fees | Enlarged banking revenue | $105M |
| Mortgage banking | Enlarged banking revenue | $44M |
| Other fees, net | Enlarged banking revenue | $15M |
| Enlarged banking revenue | Pretax income | $207M |
| Enlarged banking revenue | Provision for credit losses | $227M |
| Enlarged banking revenue | Comerica integration expense | $635M |
| Enlarged banking revenue | People, technology & bank operations | $1.8B |
| Pretax income | Net income | $165M |
| Pretax income | Income tax | $42M |
| Net income | Income for common shareholders | $128M |
| Net income | Preferred dividends | $37M |