Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 13

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 13
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1 7.21 — — — Long-term debt14,585 194 5.38 15,515 220 5.71 (13)(13)(26)Total interest-bearing liabilities$144,285 995 2.80 %$146,533 1,224 3.36 %$(23)(206)(229)Demand deposits39,788 40,839 Other liabilities6,485 7,104 Total liabilities$190,558 $194,476 Total equity$20,000 $18,727 Total liabilities and equity$210,558 $213,203 Net interest income (FTE)(c)$1,442 $1,390 $(11)63 52 Net interest margin (FTE)(c)3.03 %2.86 %Net interest rate spread (FTE)(c)2.33 2.02 Interest-bearing liabilities to interest-earning assets74.83 75.01 

(a)Changes in interest not solely due to volume or yield/rate are allocated in proportion to the absolute dollar amount of change in volume and yield/rate.

(b)The FTE adjustments included in the above table were $5 and $6 for the three months ended March 31, 2025 and 2024, respectively.

(c)This is a non-GAAP measure. For further information, refer to the Non-GAAP Financial Measures section of MD&A.

(d)Effective January 1, 2025, foreign office deposits are included in interest checking. Prior periods have been adjusted to conform to current period presentation.

11

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

Provision for Credit Losses

The Bancorp provides, as an expense, an amount for expected credit losses within the loan and lease portfolio and the portfolio of unfunded commitments that is based on factors discussed in the Critical Accounting Policies section of the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024. 

The provision for credit losses was $174 million and $94 million for the three months ended March 31, 2025 and 2024, respectively. Provision expense for the three months ended March 31, 2025 was affected by factors which caused an increase in the ACL from December 31, 2024, including higher period-end loan and lease balances and deterioration in