Fifth Third Bank 2003 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2003 Fifth Third Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

FINANCIAL HIGHLIGHTS
1
Debt Ratings
Moody’s Standard & Poor’s Fitch
Fifth Third Bancorp
Commercial Paper Prime–1 A–1+ F1+
Senior Debt Aa2 AA- AA-
Fifth Third Bank and
Fifth Third Bank (Michigan)
Short-Term Deposit Prime–1 A–1+ F1+
Long-Term Deposit Aa1 AA- AA
Percent
For the years ended December 31 2003 2002 Change
$ in millions, except per share data
Earnings and Dividends
Net Income Available to Common Shareholders $ 1,754 $ 1,634 7
Cash Dividends Declared 645 567 14
Per Share
Earnings $ 3.07 $ 2.82 9
Diluted Earnings 3.03 2.76 10
Cash Dividends Declared 1.13 .98 15
Year-End Book Value 15.04 14.76 2
Year-End Market Price 59.10 58.55 1
At Year-End
Assets $91,143 $80,894 13
Loans and Leases 52,308 45,928 14
Deposits 57,095 52,208 9
Shareholders’ Equity 8,525 8,475 1
Market Capitalization 33,491 33,628 –
Key Ratios (Percent)
Return on Average Assets (ROA) 2.01 2.18 (8)
Return on Average Equity (ROE) 20.4 19.9 3
Net Interest Margin 3.62 3.96 (9)
Efficiency Ratio 45.0 44.9 –
Average Shareholders’ Equity to Average Assets 9.85 10.93 (10)
Actuals
Number of Shares 566,685,301 574,355,247 (1)
Number of Banking Locations 952 930 2
Number of Full-Time Equivalent Employees 18,899 19,119 (1)
Shareholders of Record 53,900 56,300 (4)