Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 252

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 252
---
 payments related to interest and income taxes in addition to non-cash investing and financing activities are presented in the following table for the years ended December 31:($ in millions)202420232022Cash Payments:Interest$4,871 3,776 869 Income taxes195 655 272 Transfers:Portfolio loans and leases to loans and leases held for sale$422 513 105 Loans and leases held for sale to portfolio loans and leases4 6 409 Portfolio loans and leases to OREO23 12 8 Bank premises and equipment to OREO9 30 24 Available-for-sale debt securities to held-to-maturity securities(a)11,593 — — Supplemental Disclosures:Net additions to lease liabilities under operating leases$74 72 152 Net additions (reductions) to lease liabilities under finance leases44 (6)27 (a)Represents the fair value of the securities on the date of transfer. Refer to Note 4 for additional information.

3. Restrictions on Dividends and Capital Actions

Restrictions on Cash DividendsThe principal source of income and funds for the Bancorp (parent company) are dividends from its subsidiaries. The dividends paid by the Bancorp’s banking subsidiary are subject to regulations and limitations prescribed by state and federal supervisory agencies. The Bancorp’s indirect banking subsidiary paid the Bancorp’s direct nonbank subsidiary holding company, which in turn paid the Bancorp, $1.8 billion in dividends during both the years ended December 31, 2024 and 2023. The Bancorp’s nonbank subsidiaries are also limited by certain federal and state statutory provisions and regulations covering the amount of dividends that may be paid in any given year. Capital Actions

The Bancorp is subject to restrictions on its capital actions, primarily as a result of supervisory policies set by the FRB. The Bancorp is required to develop and maintain a capital plan that governs its capacity to pay dividends and execute share repurchases and this plan is required to be submitted to the FRB periodically. As part of its capital plan, the Bancorp increased its quarterly common stock dividend to $0.37 per share in the third quarter of 2024. Additionally, the Bancorp entered into and settled accelerated share repurchase transactions during the year ended December 31, 2024. For more information related to these transactions, refer to Note 24. 

126 Fifth