Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 219

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 219
---
155 (758)Portfolio loans and leases(2,594)526 Operating lease equipment(13)9 Net Cash Used in Investing Activities(67)(229)Financing ActivitiesNet change in deposits(1,747)675 Net change in federal funds purchased and other short-term borrowings23 56 Proceeds from short-term FHLB advances1,000 — Proceeds from long-term debt issuances/advances998 1,495 Repayment of long-term debt(867)(2,400)Dividends paid on common and preferred stock(297)(287)Repurchases of treasury stock and related forward contract(225)— Other(56)(42)Net Cash Used in Financing Activities(1,171)(503)Decrease in Cash and Due from Banks(5)(346)Cash and Due from Banks at Beginning of Period3,014 3,142 Cash and Due from Banks at End of Period$3,009 2,796 

Refer to the Notes to Condensed Consolidated Financial Statements. Note 2 contains cash payments related to interest and income taxes in addition to non-cash investing and financing activities.

61

Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

1.  Basis of Presentation

The Condensed Consolidated Financial Statements include the accounts of the Bancorp and its majority-owned subsidiaries and VIEs in which the Bancorp has been determined to be the primary beneficiary. Other entities, including certain joint ventures in which the Bancorp has the ability to exercise significant influence over operating and financial policies of the investee, but upon which the Bancorp does not possess control, are accounted for by the equity method and not consolidated. The investments in those entities in which the Bancorp does not have the ability to exercise significant influence are generally carried at fair value unless the investment does not have a readily determinable fair value. The Bancorp accounts for equity investments without a readily determinable fair value using the measurement alternative to fair value, representing the cost of the investment minus any impairment recorded and plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer. Intercompany transactions and balances among consolidated entities have been eliminated.In the opinion of management, the unaudited Condensed Consolidated Financial Statements include all adjustments, which consist of normal recurring accruals, necessary to present fairly the results for the periods presented. In accordance with