Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 188

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 188
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 296 — 483 Commercial payments revenue386 65 1 1 453 Consumer banking revenue— 415 2 1 418 Capital markets fees298 2 1 — 301 Commercial banking revenue265 2 — — 267 Mortgage banking net revenue— 153 1 — 154 Other noninterest income (loss)42 5 1 (30)18 Securities gains, net3 — — 20 23 Total noninterest income$996 827 302 (8)2,117 Noninterest expense:Compensation and benefits$487 675 168 769 2,099 Technology and communications10 22 1 318 351 Net occupancy expense26 160 9 56 251 Equipment expense21 38 — 55 114 Loan and lease expense20 61 — 15 96 Marketing expense2 55 1 34 92 Card and processing expense6 57 1 (1)63 Other noninterest expense(b)822 834 112 (1,027)741 Total noninterest expense$1,394 1,902 292 219 3,807 Income (loss) before income taxes (FTE)(a)$1,264 1,980 172 (1,247)2,169 Average assets$76,621 51,920 4,357 80,276 213,174 (a)Includes FTE adjustments of $11 for Commercial Banking and $7 for General Corporate and Other.(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.

20.  Subsequent Event

On October 5, 2025, Fifth Third Bancorp and Comerica Incorporated entered into a definitive merger agreement (“the Comerica Merger”) under which, on the terms and conditions set forth therein, Comerica Incorporated (“Comerica”) will merge with a subsidiary of Fifth Third Bancorp in an all-stock transaction. Under the terms of the agreement, common shareholders of Comerica will receive 1.8663 shares of Fifth Third Bancorp common stock for each share of Comerica common stock, resulting in a transaction value of $10.9 billion based on