Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 84

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 84
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 net income— 3 Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities:Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities— (785)Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities25 25 Net unrealized losses on cash flow hedge derivatives:Unrealized holding gains (losses) arising during period193 (316)Reclassification adjustment for net losses included in net income42 69 Other comprehensive income (loss), net of tax741 (401)Comprehensive Income$1,256 119 

Refer to the Notes to Condensed Consolidated Financial Statements.

59

Fifth Third Bancorp and SubsidiariesCondensed Consolidated Financial Statements and Notes (continued)CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited)($ in millions, except per share data)CommonStockPreferredStockCapitalSurplusRetainedEarningsAccumulatedOtherComprehensiveLossTreasuryStockTotalEquityBalance at December 31, 2023$2,051 2,116 3,757 22,997 (4,487)(7,262)19,172 Impact of cumulative effect of change in accounting principle(10)(10)Balance at January 1, 2024$2,051 2,116 3,757 22,987 (4,487)(7,262)19,162 Net income520 520 Other comprehensive loss, net of tax(401)(401)Cash dividends declared:Common stock ($0.35 per share)(243)(243)Preferred stock:     Series H ($545.09 per share)       (13)(13)     Series I ($587.86 per share)       (10)(10)     Series J ($551.01 per share) (7)(7)     Series K ($309.38 per share) (3)(3)     Series L ($281.25 per share) (4)(4)     Class B, Series A ($15.00 per share)(3)(3)Impact of stock transactions under stock compensation plans, net(15)35 20 Balance at March 31, 2024$2,051 2,116 3,742 23,224 (4,888)(7,227)19,018 Balance at