| Cover | 12 Months Ended |
| Dec. 31, 2023 | |
| Document Information [Line Items] | |
| Document Type | PRE 14A |
| Amendment Flag | false |
| Entity Information [Line Items] | |
| Entity Registrant Name | FIFTH THIRD BANCORP |
| Entity Central Index Key | 0000035527 |
| Pay vs Performance Disclosure | 12 Months Ended | |||
| Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
| Pay vs Performance Disclosure | ||||
| Pay vs Performance Disclosure, Table | Pay versus Performance As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, pay-for-performance 0 Pay versus Performance Table The table below reflects Compensation Non -PE Summary Compensation Table Total for PEO Compensation Actually Paid to PEO Year Greg D. (1) ($) Timothy N. (1) ($) Greg D. (1),(2),(3) ($) Timothy N. Spence (1), (2),(3) ($) Average Summary Compensation Table Total for Non-PEO NEOs (1) ($) Average Compensation Actually Paid to Non-PEO NEOs ($) Value of Initial Fixed $100 Investment based on: (4) Net Income ($ Millions) Adjusted (5) TSR ($) Peer Group TSR ($) (a) (b) (b) (c) (c) (d) (e) (f) (g) (h) (i) 2023 — 9,184,212 — 11,307,400 2,580,686 3,233,874 132.49 96.66 2,349 11.9 % 2022 11,020,287 8,138,659 9,082,391 7,385,480 2,764,020 2,223,867 120.03 97.53 2,446 12.5 % 2021 10,531,649 — 20,997,747 — 3,061,398 5,142,100 153.73 124.08 2,770 14.5 % 2020 9,797,589 — 7,761,702 — 2,325,412 1,936,839 94.64 89.69 1,427 8.4 % (1) The amounts reported in columns (b) reflect the Summary Compensation Table Total for Mr. Carmichael and Mr. Spence for the years in which they served as PEO. For the years reported in the table, Greg D. Carmichael was our PEO from January 2020 to July 2022, and Timothy N. Spence was our PEO from July 2022 to December 2022. For 2023, Timothy N. Spence was our PEO for the full year (January 1, 2023 to December 31, 2023). The amounts reported in column (d) reflect the average Summary Compensation Table Total amounts for the Non-PEO Non-PEO 2020 2021 2022 2023 James C. Leonard James C. Leonard James C. Leonard James C. Leonard Tayfun Tuzun Timothy N. Spence Robert P. Shaffer Robert P. Shaffer Lars C. Anderson Lars C. Anderson Kevin P. Lavender Kevin P. Lavender Timothy N. Spence Kevin P. Lavender Howard Hammond Jude A. Schramm Robert P. Shaffer Frank R. Forrest (2) The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K (3) Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO year-end value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. Year Summary Total for PEO Exclusion of Stock ($) Inclusion of Equity ($) Compensation Greg D. Carmichael 2022 11,020,287 (6,850,015 ) 4,912,119 9,082,391 2021 10,531,649 (5,750,002 ) 16,216,100 20,997,747 2020 9,797,589 (5,500,000 ) 3,464,113 7,761,702 Timothy N. Spence 2023 9,184,212 (6,000,005 ) 8,132,193 11,307,400 2022 8,138,659 (5,437,487 ) 4,684,308 7,385,480 Year Average Summary Compensation Table Total for Non-PEO NEOs ($) Average Exclusion of Stock Awards and Option Awards for Non-PEO ($) Average Inclusion of Equity Values for Non-PEO Average Non-PEO 2023 2,580,686 (1,237,498 ) 1,890,686 3,233,874 2022 2,764,020 (1,396,259 ) 856,107 2,223,867 2021 3,061,398 (1,374,990 ) 3,445,692 5,142,100 2020 2,325,412 (1,118,053 ) 729,479 1,936,839 The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: Year Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO ($) Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO ($) Vesting- Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO ($) Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO ($) Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO ($) Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Included for PEO ($) Total - Inclusion of Equity Values for PEO ($) Greg D. Carmichael 2022 4,614,693 (980,218 ) 0 1,277,644 0 0 4,912,119 2021 8,124,828 7,454,466 0 630,552 0 6,254 16,216,100 2020 5,164,819 (1,301,870 ) 0 (435,141 ) 0 36,305 3,464,113 Timothy N. Spence 2023 6,071,861 1,876,851 0 174,481 0 0 8,123,193 2022 4,603,129 (232,977 ) 0 314,156 0 0 4,684,308 Year Average Year-End Equity Non-PEO Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) Average Vesting-Date Fair Value of Equity Awards During Year that Vested During Year for Non-PEO NEOs ($) Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) Average Fair Value at Last Day of Prior Year of Equity Forfeited During Year for Non-PEO NEOs ($) Average Value of Dividends or Other Earnings Stock or Option Awards Not Otherwise Included for Non-PEO NEOs ($) Total - Average Inclusion of Equity Values for Non-PEO NEOs ($) 2023 1,252,318 519,821 0 118,547 0 0 1,890,686 2022 940,627 (171,946 ) 0 80,293 0 7,134 856,107 2021 1,942,879 1,380,064 0 124,663 0 8,086 3,445,692 2020 1,081,407 (254,970 ) 0 (104,479 ) 0 7,521 729,479 (4) The Peer Group TSR set forth in this table utilizes the KBW Bank Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K (5) We determined Adjusted ROACE to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and Non-PEO non-GAAP Mark-to-Market | |||
| Company Selected Measure Name | Adjusted ROACE | |||
| Named Executive Officers, Footnote | (1) The amounts reported in columns (b) reflect the Summary Compensation Table Total for Mr. Carmichael and Mr. Spence for the years in which they served as PEO. For the years reported in the table, Greg D. Carmichael was our PEO from January 2020 to July 2022, and Timothy N. Spence was our PEO from July 2022 to December 2022. For 2023, Timothy N. Spence was our PEO for the full year (January 1, 2023 to December 31, 2023). The amounts reported in column (d) reflect the average Summary Compensation Table Total amounts for the Non-PEO Non-PEO 2020 2021 2022 2023 James C. Leonard James C. Leonard James C. Leonard James C. Leonard Tayfun Tuzun Timothy N. Spence Robert P. Shaffer Robert P. Shaffer Lars C. Anderson Lars C. Anderson Kevin P. Lavender Kevin P. Lavender Timothy N. Spence Kevin P. Lavender Howard Hammond Jude A. Schramm Robert P. Shaffer Frank R. Forrest | |||
| Peer Group Issuers, Footnote | The Peer Group TSR set forth in this table utilizes the KBW Bank Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K | |||
| Adjustment To PEO Compensation, Footnote | Year Summary Total for PEO Exclusion of Stock ($) Inclusion of Equity ($) Compensation Greg D. Carmichael 2022 11,020,287 (6,850,015 ) 4,912,119 9,082,391 2021 10,531,649 (5,750,002 ) 16,216,100 20,997,747 2020 9,797,589 (5,500,000 ) 3,464,113 7,761,702 Timothy N. Spence 2023 9,184,212 (6,000,005 ) 8,132,193 11,307,400 2022 8,138,659 (5,437,487 ) 4,684,308 7,385,480 Year Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO ($) Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO ($) Vesting- Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO ($) Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO ($) Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO ($) Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Included for PEO ($) Total - Inclusion of Equity Values for PEO ($) Greg D. Carmichael 2022 4,614,693 (980,218 ) 0 1,277,644 0 0 4,912,119 2021 8,124,828 7,454,466 0 630,552 0 6,254 16,216,100 2020 5,164,819 (1,301,870 ) 0 (435,141 ) 0 36,305 3,464,113 Timothy N. Spence 2023 6,071,861 1,876,851 0 174,481 0 0 8,123,193 2022 4,603,129 (232,977 ) 0 314,156 0 0 4,684,308 | |||
| Non-PEO NEO Average Total Compensation Amount | $ 2,580,686 | $ 2,764,020 | $ 3,061,398 | $ 2,325,412 |
| Non-PEO NEO Average Compensation Actually Paid Amount | $ 3,233,874 | 2,223,867 | 5,142,100 | 1,936,839 |
| Adjustment to Non-PEO NEO Compensation Footnote | Year Average Summary Compensation Table Total for Non-PEO NEOs ($) Average Exclusion of Stock Awards and Option Awards for Non-PEO ($) Average Inclusion of Equity Values for Non-PEO Average Non-PEO 2023 2,580,686 (1,237,498 ) 1,890,686 3,233,874 2022 2,764,020 (1,396,259 ) 856,107 2,223,867 2021 3,061,398 (1,374,990 ) 3,445,692 5,142,100 2020 2,325,412 (1,118,053 ) 729,479 1,936,839 Year Average Year-End Equity Non-PEO Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) Average Vesting-Date Fair Value of Equity Awards During Year that Vested During Year for Non-PEO NEOs ($) Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) Average Fair Value at Last Day of Prior Year of Equity Forfeited During Year for Non-PEO NEOs ($) Average Value of Dividends or Other Earnings Stock or Option Awards Not Otherwise Included for Non-PEO NEOs ($) Total - Average Inclusion of Equity Values for Non-PEO NEOs ($) 2023 1,252,318 519,821 0 118,547 0 0 1,890,686 2022 940,627 (171,946 ) 0 80,293 0 7,134 856,107 2021 1,942,879 1,380,064 0 124,663 0 8,086 3,445,692 2020 1,081,407 (254,970 ) 0 (104,479 ) 0 7,521 729,479 | |||
| Compensation Actually Paid vs. Total Shareholder Return | The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our other NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years. | |||
| Compensation Actually Paid vs. Net Income | The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our other NEOs, and our net income during the three most recently completed fiscal years. | |||
| Compensation Actually Paid vs. Company Selected Measure | The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our other NEOs, and our Annual Adjusted ROACE during each of the four most recently completed fiscal years. | |||
| Total Shareholder Return Vs Peer Group | The following chart compares our cumulative TSR over the four most re cen | |||
| Tabular List, Table | Tabular List of Most Important Performance Measures The following table presents the financial performance measures that the Company considers to be the most important in linking Compensation Actually Paid to our PEOs and other NEOs for 2023 to Company performance. The measures in this table are not ranked. Adjusted Return on Average Common Equity Adjusted Earnings Per Share Adjusted Return on Assets Adjusted Efficiency Ratio | |||
| Total Shareholder Return Amount | $ 132.49 | 120.03 | 153.73 | 94.64 |
| Peer Group Total Shareholder Return Amount | 96.66 | 97.53 | 124.08 | 89.69 |
| Net Income (Loss) | $ 2,349,000,000 | $ 2,446,000,000 | $ 2,770,000,000 | $ 1,427,000,000 |
| Company Selected Measure Amount | 0.119 | 0.125 | 0.145 | 0.084 |
| Measure:: 1 | ||||
| Pay vs Performance Disclosure | ||||
| Name | Adjusted Return on Average Common Equity | |||
| Non-GAAP Measure Description | Adjusted ROACE is a non-GAAP Mark-to-Market | |||
| Measure:: 2 | ||||
| Pay vs Performance Disclosure | ||||
| Name | Adjusted Earnings Per Share | |||
| Measure:: 3 | ||||
| Pay vs Performance Disclosure | ||||
| Name | Adjusted Return on Assets | |||
| Measure:: 4 | ||||
| Pay vs Performance Disclosure | ||||
| Name | Adjusted Efficiency Ratio | |||
| Greg D.Carmichael [Member] | ||||
| Pay vs Performance Disclosure | ||||
| PEO Total Compensation Amount | $ 11,020,287 | $ 10,531,649 | $ 9,797,589 | |
| PEO Actually Paid Compensation Amount | 9,082,391 | 20,997,747 | 7,761,702 | |
| PEO Name | Mr. Carmichael | |||
| Timothy N.Spence [Member] | ||||
| Pay vs Performance Disclosure | ||||
| PEO Total Compensation Amount | $ 9,184,212 | 8,138,659 | ||
| PEO Actually Paid Compensation Amount | $ 11,307,400 | 7,385,480 | ||
| PEO Name | Mr. Spence | |||
| PEO | Greg D.Carmichael [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 4,912,119 | 16,216,100 | 3,464,113 | |
| PEO | Greg D.Carmichael [Member] | Exclusion Of Stock Awards And Option Awards [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | (6,850,015) | (5,750,002) | (5,500,000) | |
| PEO | Greg D.Carmichael [Member] | Inclusion Of Equity Values [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 4,912,119 | 16,216,100 | 3,464,113 | |
| PEO | Greg D.Carmichael [Member] | Year End Fair Value Of Equity Awards Granted During Year That Remained Unvested As Of Last Day Of Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 4,614,693 | 8,124,828 | 5,164,819 | |
| PEO | Greg D.Carmichael [Member] | Change In Fair Value From Last Day Of Prior Year To Last Day Of Year Of Unvested Equity Awards [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | (980,218) | 7,454,466 | (1,301,870) | |
| PEO | Greg D.Carmichael [Member] | Vesting Date Fair Value Of Equity Awards Granted During Year That Vested During Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 0 | 0 | 0 | |
| PEO | Greg D.Carmichael [Member] | Change In Fair Value From Last Day Of Prior Year To Vesting Date Of Unvested Equity Awards That Vested During Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 1,277,644 | 630,552 | (435,141) | |
| PEO | Greg D.Carmichael [Member] | Fair Value At Last Day Of Prior Year Of Equity Awards Forfeited During Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 0 | 0 | 0 | |
| PEO | Greg D.Carmichael [Member] | Value Of Dividends Or Other Earnings Paid On Stock Or Option Awards Not Otherwise Included [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 0 | 6,254 | 36,305 | |
| PEO | Timothy N.Spence [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | $ 8,123,193 | 4,684,308 | ||
| PEO | Timothy N.Spence [Member] | Exclusion Of Stock Awards And Option Awards [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | (6,000,005) | (5,437,487) | ||
| PEO | Timothy N.Spence [Member] | Inclusion Of Equity Values [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 8,132,193 | 4,684,308 | ||
| PEO | Timothy N.Spence [Member] | Year End Fair Value Of Equity Awards Granted During Year That Remained Unvested As Of Last Day Of Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 6,071,861 | 4,603,129 | ||
| PEO | Timothy N.Spence [Member] | Change In Fair Value From Last Day Of Prior Year To Last Day Of Year Of Unvested Equity Awards [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 1,876,851 | (232,977) | ||
| PEO | Timothy N.Spence [Member] | Vesting Date Fair Value Of Equity Awards Granted During Year That Vested During Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 0 | 0 | ||
| PEO | Timothy N.Spence [Member] | Change In Fair Value From Last Day Of Prior Year To Vesting Date Of Unvested Equity Awards That Vested During Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 174,481 | 314,156 | ||
| PEO | Timothy N.Spence [Member] | Fair Value At Last Day Of Prior Year Of Equity Awards Forfeited During Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 0 | 0 | ||
| PEO | Timothy N.Spence [Member] | Value Of Dividends Or Other Earnings Paid On Stock Or Option Awards Not Otherwise Included [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 0 | 0 | ||
| Non-PEO NEO | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 1,890,686 | 856,107 | 3,445,692 | 729,479 |
| Non-PEO NEO | Exclusion Of Stock Awards And Option Awards [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | (1,237,498) | (1,396,259) | (1,374,990) | (1,118,053) |
| Non-PEO NEO | Inclusion Of Equity Values [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 1,890,686 | 856,107 | 3,445,692 | 729,479 |
| Non-PEO NEO | Year End Fair Value Of Equity Awards Granted During Year That Remained Unvested As Of Last Day Of Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 1,252,318 | 940,627 | 1,942,879 | 1,081,407 |
| Non-PEO NEO | Change In Fair Value From Last Day Of Prior Year To Last Day Of Year Of Unvested Equity Awards [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 519,821 | (171,946) | 1,380,064 | (254,970) |
| Non-PEO NEO | Vesting Date Fair Value Of Equity Awards Granted During Year That Vested During Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 0 | 0 | 0 | 0 |
| Non-PEO NEO | Change In Fair Value From Last Day Of Prior Year To Vesting Date Of Unvested Equity Awards That Vested During Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 118,547 | 80,293 | 124,663 | (104,479) |
| Non-PEO NEO | Fair Value At Last Day Of Prior Year Of Equity Awards Forfeited During Year [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | 0 | 0 | 0 | 0 |
| Non-PEO NEO | Value Of Dividends Or Other Earnings Paid On Stock Or Option Awards Not Otherwise Included [Member] | ||||
| Pay vs Performance Disclosure | ||||
| Adjustment to Compensation, Amount | $ 0 | $ 7,134 | $ 8,086 | $ 7,521 |
