A single lead core 5.56mm bullet will shatter a solitary cinderblock, but in a cinderblock wall a single bullet will usually make a fist sized hole in one side and at most usually just crack the opposite side, leaving lead splatters all over the inside the block.
I know that M193 when fired inside of a modern dwelling made of 2x4 frames and drywall, the bullets will usualy penetrate at least one wall and usually come out into the next room in a small cloud of high speed bullet fragments, some of which often have enough energy to punch through another couple of layers of drywall.
The 5.56mm bullets move so fast, they'll usually penetrate one layer of just about anything within reason, but after penetrating that layer the bullet usually turns into fragments.
For instance, you can often use a full sized auto for some reasonable cover from 5.56mm fire as long as you are completely on the other side, but don't ever be inside of a car when someone starts punching 5.56mm rounds into it.