Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 146

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 146
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 net losses on available-for-sale debt securities included in net income3 — 3 Net unrealized losses on available-for-sale debt securities761 (155)606 (4,094)606 (3,488)Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities(994)209 (785)Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income32 (7)25 Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities(962)202 (760)— (760)(760)Unrealized holding losses on cash flow hedge derivatives arising during period(413)97 (316)Reclassification adjustment for net losses on cash flow hedge derivatives included in net income89 (20)69 Net unrealized losses on cash flow hedge derivatives(324)77 (247)(372)(247)(619)Defined benefit pension plans, net— — — (17)— (17)Other— — — (4)— (4)Total$(525)124 (401)(4,487)(401)(4,888)

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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

The table below presents reclassifications out of AOCI:Condensed Consolidated Statements of Income CaptionFor the three months endedMarch 31,($ in millions)20252024Net unrealized losses on available-for-sale debt securities:(a)Net losses included in net incomeSecurities (losses) gains, net$— (3)Income before income taxes— (3)Applicable income tax expense— — Net income— (3)Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities:(a)Net losses included in net incomeInterest on securities(32)(32)Income before income taxes(32)(32)Applicable income tax expense7 7 Net income(25)(25)Net unrealized losses on cash flow hedge derivatives:(a)Interest rate contracts related to C&I, commercial mortgage and commercial construction loansInterest and fees on loans and leases(56)(89)Income before income taxes(56)(89)Applicable income tax expense14 20 Net income(42)(69)Total reclassifications for the periodNet income$(67)(97)(