Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 182

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7A
Chunk 182
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 refer to Note 9.(c)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.(d)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.

199 Fifth Third Bancorp

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

2023 ($ in millions)Commercial BankingConsumer and Small Business BankingWealthand AssetManagementGeneralCorporateand Other(e)Total      Net interest income (FTE)(a)$3,828 5,207 360 (3,543)5,852 Provision for credit losses12 303 1 199 515 Net interest income after provision for credit losses$3,816 4,904 359 (3,742)5,337 Noninterest income:Wealth and asset management revenue$2 216 363 — 581 Commercial payments revenue473 85 1 5 564 Consumer banking revenue— 544 2 — 546 Capital markets fees419 2 1 — 422 Commercial banking revenue406 2 — 1 409 Mortgage banking net revenue— 250 — — 250 Other noninterest income(b)65 6 2 18 91 Securities gains (losses), net(9)— — 27 18 Total noninterest income$1,356 1,105 369 51 2,881 Noninterest expense:Compensation and benefits$654 878 220 942 2,694 Technology and communications14 27 1 422 464 Net occupancy expense(c)41 209 12 69 331 Equipment expense29 44 — 75 148 Loan and lease expense30 86 1 16 133 Marketing expense3 70 1 52 126 Card and processing expense11 76 1 (4)84 Other noninterest expense(d)1,221 1,125 139 (1,260)1,225 Total noninterest expense$2,003 2,515 375 312 5,205 Income (loss) before income taxes (FTE)$3,169 3,494 353 (4,003)3,013 Average assets$83,078 50,974 4,678 69,696 208,426