Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 83

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 83
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 investments165 294 Total interest income2,432 2,608 Interest ExpenseInterest on deposits743 954 Interest on federal funds purchased2 3 Interest on other short-term borrowings56 47 Interest on long-term debt194 220 Total interest expense995 1,224 Net Interest Income1,437 1,384 Provision for credit losses174 94 Net Interest Income After Provision for Credit Losses1,263 1,290 Noninterest IncomeWealth and asset management revenue172 161 Commercial payments revenue153 145 Consumer banking revenue137 135 Capital markets fees90 97 Commercial banking revenue80 85 Mortgage banking net revenue57 54 Other noninterest income14 23 Securities (losses) gains, net(9)10 Total noninterest income694 710 Noninterest ExpenseCompensation and benefits750 753 Technology and communications123 117 Net occupancy expense87 87 Equipment expense42 37 Loan and lease expense30 29 Marketing expense28 32 Card and processing expense21 20 Other noninterest expense223 267 Total noninterest expense1,304 1,342 Income Before Income Taxes653 658 Applicable income tax expense138 138 Net Income515 520 Dividends on preferred stock37 40 Net Income Available to Common Shareholders$478 480 Earnings per share - basic$0.71 0.70 Earnings per share - diluted$0.71 0.70 Average common shares outstanding - basic671,052,320 685,749,673 Average common shares outstanding - diluted676,040,080 690,633,531 

Refer to the Notes to Condensed Consolidated Financial Statements.

58

Fifth Third Bancorp and SubsidiariesCondensed Consolidated Financial Statements and Notes (continued)CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited)For the three months endedMarch 31,($ in millions)20252024Net Income$515 520 Other Comprehensive Income (Loss), Net of Tax:Net unrealized losses on available-for-sale debt securities:Unrealized holding gains (losses) arising during period481 (182)Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities— 785 Reclassification adjustment for net losses included in