Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 181

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7A
Chunk 181
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 results of operations and assets by segment for the years ended December 31:2024 ($ in millions)Commercial BankingConsumer and Small Business BankingWealthand AssetManagementGeneralCorporateand Other(d)TotalNet interest income (FTE)(a)$2,647 4,169 210 (1,372)5,654 Provision for (benefit from) credit losses304 322 — (96)530 Net interest income after provision for (benefit from) credit losses$2,343 3,847 210 (1,276)5,124 Noninterest income:Wealth and asset management revenue$3 247 397 — 647 Commercial payments revenue529 76 1 2 608 Consumer banking revenue— 551 2 2 555 Capital markets fees421 2 2 (1)424 Commercial banking revenue373 4 — — 377 Mortgage banking net revenue— 210 1 — 211 Other noninterest income53 4 1 (46)12 Securities gains, net1 — — 14 15 Total noninterest income$1,380 1,094 404 (29)2,849 Noninterest expense:Compensation and benefits$656 882 222 1,003 2,763 Technology and communications14 30 1 429 474 Net occupancy expense(b)36 212 12 79 339 Equipment expense28 51 — 74 153 Loan and lease expense31 80 1 20 132 Marketing expense3 68 1 43 115 Card and processing expense9 75 1 (1)84 Other noninterest expense(c)1,117 1,074 149 (1,367)973 Total noninterest expense$1,894 2,472 387 280 5,033 Income (loss) before income taxes (FTE)$1,829 2,469 227 (1,585)2,940 Average assets$77,177 51,627 4,390 79,612 212,806 (a)Includes FTE adjustments of $15 for Commercial Banking and $9 for General Corporate and Other. (b)Includes impairment losses and termination charges of $1 for ROU assets related to certain operating leases. For more information,