Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 9

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 9
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18,707 20,337 18,717 Less: Average preferred stock2,116 2,116 2,116 2,116 Average goodwill4,918 4,918 4,918 4,918 Average intangible assets79 111 83 116 Average tangible common equity (2)$13,557 11,562 13,220 11,567 Return on average tangible common equity (1) / (2)17.6 %19.8 16.5 18.3 

The Bancorp considers various measures when evaluating capital utilization and adequacy, including the tangible equity ratio and tangible common equity ratio, in addition to capital ratios defined by the U.S. banking agencies. These calculations are intended to complement the capital ratios defined by the U.S. banking agencies for both absolute and comparative purposes. As U.S. GAAP does not include capital ratio measures, the Bancorp believes there are no comparable U.S. GAAP financial measures to these ratios. These ratios are not formally defined by U.S. GAAP or codified in the federal banking regulations and, therefore, are considered to be non-GAAP financial measures. 

The following table reconciles non-GAAP capital ratios to U.S. GAAP:

TABLE 4:  Non-GAAP Financial Measures - Capital RatiosAs of ($ in millions)June 30,2025December 31,2024Total Bancorp Shareholders’ Equity (U.S. GAAP)$21,124 19,645 Less: Preferred stock2,116 2,116 Goodwill4,918 4,918 Intangible assets75 90 AOCI(3,546)(4,636)Tangible common equity, excluding AOCI (1)$17,561 17,157 Add: Preferred stock2,116 2,116 Tangible equity (2)$19,677 19,273 Total Assets (U.S. GAAP)$209,991 212,927 Less: Goodwill4,918 4,918 Intangible assets75 90 AOCI, before tax(4,666)(5,868)Tangible assets, excluding AOCI (3)$209,664 213,787 Ratios:Tangible equity as a percentage of tangible assets (2) / (3)9.39  %9.02 Tangible common equity as a percentage of tangible assets (1