Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 25

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 25
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 by increased investments in strategic initiatives and technology modernization.

Net occupancy expense increased $8 million and $9 million for the three and nine months ended September 30, 2025, respectively, compared to the same periods in the prior year primarily driven by expenses associated with the Bancorp’s continued expansion into Southeast markets.

Marketing expense increased $8 million and $13 million for the three and nine months ended September 30, 2025, respectively, compared to the same periods in the prior year primarily due to increased spend on customer acquisition activities.

15

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

The following table presents the components of other noninterest expense:

TABLE 11:  Components of Other Noninterest ExpenseFor the three months endedSeptember 30,For the nine months endedSeptember 30,($ in millions)2025202420252024FDIC insurance and other taxes$28 35 106 155 Data processing21 21 61 61 Leasing business expense18 21 54 69 Losses and adjustments19 20 52 69 Dues and subscriptions16 15 49 46 Travel16 15 48 44 Securities recordkeeping15 14 42 41 Professional service fees13 12 38 35 Postal and courier13 12 37 36 Cash and coin processing11 12 34 36 Intangible amortization7 8 22 27 Other, net49 47 121 122 Total other noninterest expense$226 232 664 741 

Other noninterest expense decreased $6 million and $77 million for the three and nine months ended September 30, 2025, respectively, compared to the same periods in the prior year primarily driven by decreases in FDIC insurance and other taxes. The decrease for the nine months ended September 30, 2025 also included decreases in losses and adjustments and leasing business expense.

FDIC insurance and other taxes decreased $7 million and $49 million for the three and nine months ended September 30, 2025, respectively, compared to the same periods in the prior year primarily due to the impact of the Bancorp’s quarterly updated estimate of its allocated share of the FDIC’s special assessment.

Losses and adjustments decreased $17 million for the nine months ended September 30, 2025 compared to the same period in the prior year primarily due to elevated expense levels in