Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 30

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 30
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-60 months17 After 60 months3 Total CDs$12,142 

(a)Includes CDs $250,000 or less and CDs over $250,000.

Deposit insurance

The FDIC generally provides a standard amount of insurance of $250,000 per depositor, per insured bank, for each account ownership category defined by the FDIC. As of March 31, 2025 and December 31, 2024, approximately $101.3 billion, or 61%, and $100.6 billion, or 60%, respectively, of the Bancorp’s domestic deposits were estimated to be insured. As of March 31, 2025 and December 31, 2024, approximately $64.1 billion and $66.5 billion, respectively, of the Bancorp’s domestic deposits were estimated to be uninsured. At March 31, 2025 and December 31, 2024, approximately $998 million and $1.1 billion, respectively, of time deposits were estimated to be uninsured. Where information is not readily available to determine the amount of insured deposits, the amount of uninsured deposits is estimated, consistent with the methodologies and assumptions utilized in providing information to the Bank’s regulators.

23

Table of ContentsManagement’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

Borrowings

The Bancorp accesses a variety of short-term and long-term funding sources. Borrowings with original maturities of one year or less are classified as short-term and include federal funds purchased and other short-term borrowings. Total average borrowings as a percent of average interest-bearing liabilities were 14% and 13% for the three months ended March 31, 2025 and 2024, respectively.

The following table summarizes the end of period components of borrowings:

TABLE 21:  Components of BorrowingsAs of ($ in millions)March 31,2025December 31,2024Federal funds purchased$227 204 Other short-term borrowings5,457 4,450 Long-term debt14,539 14,337 Total borrowings$20,223 18,991 

Total borrowings increased $1.2 billion, or 6%, from December 31, 2024 primarily due to increases in other short-term borrowings and long-term debt. Other short-term borrowings increased $1.0 billion from December 31, 2024 primarily due to increased funding needs resulting from loan growth and a