Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 338

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 338
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Fair ValueAs of December 31, 2024 ($ in millions)Level 1Level 2Level 3Financial assets:Cash and due from banks$3,014 3,014 — — 3,014 Other short-term investments17,120 17,120 — — 17,120 Other securities778 — 778 — 778 Held-to-maturity securities11,278 2,344 8,619 2 10,965 Loans and leases held for sale66 — — 66 66 Portfolio loans and leases:Commercial loans and leases72,139 — — 72,319 72,319 Consumer and residential mortgage loans45,192 — — 42,155 42,155 Total portfolio loans and leases, net$117,331 — — 114,474 114,474 Financial liabilities:Deposits$167,252 — 167,353 — 167,353 Federal funds purchased204 204 — — 204 Other short-term borrowings4,450 — 4,459 — 4,459 Long-term debt14,440 3,753 10,835 — 14,588 

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

19.  Business Segments

The Bancorp has three reportable segments: Commercial Banking, Consumer and Small Business Banking and Wealth and Asset Management. The Bancorp’s reportable segments have been determined based on its management structure and management accounting practices. This presentation is aligned with how results are reviewed internally by the Bancorp’s Chairman, Chief Executive Officer and President, which the Bancorp has determined to be its Chief Operating Decision Maker (“CODM”). For each of the Bancorp’s segments, the CODM primarily uses segment income before income taxes on an FTE basis to allocate resources such as employees and capital. The CODM also monitors trends in net interest income, noninterest income and noninterest expense to evaluate the financial performance of each segment and make resource allocation decisions. These decisions also consider segment-specific events and circumstances, general market conditions, forecasts and variances to annual budgets. Additionally, the CODM uses segment average assets as a measure to allocate resources to the segments. The Bancorp manages interest rate risk centrally at the corporate level. By employing an FTP