Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 7

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 7
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7

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

The following table reconciles the non-GAAP financial measure of return on average tangible common equity to U.S. GAAP:

TABLE 3:  Non-GAAP Financial Measures - Return on Average Tangible Common EquityFor the three months endedMarch 31,($ in millions)20252024Net income available to common shareholders (U.S. GAAP)$478 480 Add: Intangible amortization, net of tax6 8 Tangible net income available to common shareholders$484 488 Tangible net income available to common shareholders (annualized) (1)1,963 1,963 Average Bancorp shareholders’ equity (U.S. GAAP)$20,000 18,727 Less: Average preferred stock2,116 2,116 Average goodwill4,918 4,918 Average intangible assets86 121 Average tangible common equity (2)$12,880 11,572 Return on average tangible common equity (1) / (2)15.2 %17.0 

The Bancorp considers various measures when evaluating capital utilization and adequacy, including the tangible equity ratio and tangible common equity ratio, in addition to capital ratios defined by the U.S. banking agencies. These calculations are intended to complement the capital ratios defined by the U.S. banking agencies for both absolute and comparative purposes. As U.S. GAAP does not include capital ratio measures, the Bancorp believes there are no comparable U.S. GAAP financial measures to these ratios. These ratios are not formally defined by U.S. GAAP or codified in the federal banking regulations and, therefore, are considered to be non-GAAP financial measures. 

The following table reconciles non-GAAP capital ratios to U.S. GAAP:

TABLE 4:  Non-GAAP Financial Measures - Capital RatiosAs of ($ in millions)March 31,2025December 31,2024Total Bancorp Shareholders’ Equity (U.S. GAAP)$20,403 19,645 Less: Preferred stock2,116 2,116 Goodwill4,918 4,918 Intangible assets82 90 AOCI(3,895)(4,636)Tangible common equity, excluding AOCI (1)$17,182 17,157 Add: Preferred stock2,116 2,116 Tangible equity (