Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 215

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 215
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. For further information, refer to Note 7.

(b)Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at March 31, 2025 – 667,272,067 (excludes 256,620,514 treasury shares), December 31, 2024 – 669,853,830 (excludes 254,038,751 treasury shares).

(c)500,000 shares of no par value preferred stock were authorized at both March 31, 2025 and December 31, 2024. There were 422,000 unissued shares of undesignated no par value preferred stock at both March 31, 2025 and December 31, 2024. Each issued share of no par value preferred stock has a liquidation preference of $25,000. 500,000 shares of no par value Class B preferred stock were authorized at both March 31, 2025 and December 31, 2024. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both March 31, 2025 and December 31, 2024. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.

Refer to the Notes to Condensed Consolidated Financial Statements.

57

Fifth Third Bancorp and SubsidiariesCondensed Consolidated Financial Statements and Notes (continued)CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited)For the three months endedMarch 31,($ in millions, except share data)20252024Interest IncomeInterest and fees on loans and leases$1,816 1,859 Interest on securities451 455 Interest on other short-term investments165 294 Total interest income2,432 2,608 Interest ExpenseInterest on deposits743 954 Interest on federal funds purchased2 3 Interest on other short-term borrowings56 47 Interest on long-term debt194 220 Total interest expense995 1,224 Net Interest Income1,437 1,384 Provision for credit losses174 94 Net Interest Income After Provision for Credit Losses1,263 1,290 Noninterest IncomeWealth and asset management revenue172 161 Commercial payments revenue153 145 Consumer banking revenue137 135 Capital markets fees90 97 Commercial banking revenue80 85