Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 94

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 94
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3,696 3,731 Interest on securities458 458 910 913 Interest on other short-term investments145 291 311 584 Total interest income2,484 2,620 4,917 5,228 Interest ExpenseInterest on deposits732 958 1,476 1,912 Interest on federal funds purchased2 3 4 6 Interest on other short-term borrowings59 48 115 95 Interest on long-term debt196 224 390 444 Total interest expense989 1,233 1,985 2,457 Net Interest Income1,495 1,387 2,932 2,771 Provision for credit losses173 97 347 191 Net Interest Income After Provision for Credit Losses1,322 1,290 2,585 2,580 Noninterest IncomeWealth and asset management revenue166 159 338 320 Commercial payments revenue152 154 305 298 Consumer banking revenue147 139 284 275 Capital markets fees90 93 179 190 Commercial banking revenue79 90 160 174 Mortgage banking net revenue56 50 113 104 Other noninterest income44 7 58 32 Securities gains, net16 3 7 13 Total noninterest income750 695 1,444 1,406 Noninterest ExpenseCompensation and benefits698 656 1,447 1,409 Technology and communications126 114 250 231 Net occupancy expense83 83 171 170 Equipment expense41 38 82 76 Marketing expense43 34 71 66 Loan and lease expense36 33 66 62 Card and processing expense22 21 43 41 Other noninterest expense215 242 438 507 Total noninterest expense1,264 1,221 2,568 2,562 Income Before Income Taxes808 764 1,461 1,424 Applicable income tax expense180 163 319 302 Net Income628 601 1,142 1,122 Dividends on preferred stock37 40 73 81 Net Income Available to Common Shareholders$591 561 1,069 1,041 Earnings per share - basic$0.88 0.82 1.59