Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 218

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 218
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; outstanding at December 31, 2024 – 669,853,830 (excludes 254,038,751 treasury shares), 2023 – 681,124,810 (excludes 242,767,771 treasury shares).

(c)500,000 shares of no par value preferred stock were authorized at both December 31, 2024 and 2023. There were 422,000 unissued shares of undesignated no par value preferred stock at both December 31, 2024 and 2023. Each issued share of no par value preferred stock has a liquidation preference of $25,000. 500,000 shares of no par value Class B preferred stock were authorized at both December 31, 2024 and 2023. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both December 31, 2024 and 2023. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.

        Refer to the Notes to Consolidated Financial Statements.

108 Fifth Third Bancorp

Table of ContentsCONSOLIDATED STATEMENTS OF INCOME

For the years ended December 31 ($ in millions, except share data)202420232022Interest IncomeInterest and fees on loans and leases$7,477 7,334 4,954 Interest on securities1,839 1,770 1,517 Interest on other short-term investments1,110 656 116 Total interest income10,426 9,760 6,587 Interest ExpenseInterest on deposits3,736 2,929 447 Interest on federal funds purchased11 15 6 Interest on other short-term borrowings157 247 108 Interest on long-term debt892 742 417 Total interest expense4,796 3,933 978 Net Interest Income5,630 5,827 5,609 Provision for credit losses530 515 563 Net Interest Income After Provision for Credit Losses5,100 5,312 5,046 Noninterest Income(a)Wealth and asset management revenue647 581 570 Commercial payments revenue608 564 568 Consumer banking revenue555 546 542 Capital markets fees424 422 387 Commercial banking revenue377 409 419 Mortgage banking net revenue211 250 215 Other noninterest income