Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 45

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 45
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, retention and servicing of residential mortgage loans, sales and securitizations of those loans and all associated hedging activities. Indirect lending activities include extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers and marine dealers. Solar energy installation loans and certain other consumer loans are originated through a network of contractors and installers. 

The following table contains selected financial data for the Consumer and Small Business Banking segment:

TABLE 26:  Consumer and Small Business BankingFor the three months endedSeptember 30,For the nine months endedSeptember 30,($ in millions)2025202420252024Income Statement DataNet interest income$1,082 1,056 3,141 3,287 Provision for credit losses73 78 241 232 Noninterest income:Consumer banking revenue144 142 426 415 Wealth and asset management revenue73 64 206 185 Mortgage banking net revenue58 50 170 153 Commercial payments revenue22 22 64 65 Other noninterest income12 5 18 9 Noninterest expense:Compensation and benefits232 209 697 675 Net occupancy and equipment expense69 65 206 198 Marketing expense20 15 69 55 Loan and lease expense22 21 61 61 Other noninterest expense310 304 915 913 Income before income taxes$665 647 1,836 1,980 Average Balance Sheet DataConsumer loans, including held for sale$46,147 42,912 45,233 42,459 Commercial loans, including held for sale5,220 4,251 4,997 4,067 Demand deposits23,298 22,417 23,101 22,362 Interest checking deposits10,708 10,685 10,860 11,002 Savings deposits13,775 14,155 13,967 14,626 Money market deposits32,545 32,136 31,746 30,774 Certificates of deposit11,702 11,200 11,333 11,229 

Income before income taxes was $665 million and $1.8 billion for the three and nine months ended September 30, 2025, respectively, compared to $647 million and $2.0 billion for the same periods in the prior year. The increase for the three months