Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 293

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 293
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CommercialBankingConsumerand Small BusinessBankingWealthand AssetManagementGeneralCorporate and Other(c)TotalNet interest income (FTE)(a)$552 975 49 (134)1,442 Provision for credit losses80 84 — 10 174 Net interest income after provision for credit losses$472 891 49 (144)1,268 Noninterest income:Wealth and asset management revenue$— 66 106 — 172 Commercial payments revenue133 20 — — 153 Consumer banking revenue— 135 1 1 137 Capital markets fees90 — 1 (1)90 Commercial banking revenue79 1 — — 80 Mortgage banking net revenue— 57 — — 57 Other noninterest income6 2 1 5 14 Securities losses, net(7)— — (2)(9)Total noninterest income$301 281 109 3 694 Noninterest expense:Compensation and benefits$178 236 62 274 750 Technology and communications3 7 — 113 123 Net occupancy expense9 54 3 21 87 Equipment expense8 16 — 18 42 Loan and lease expense7 18 — 5 30 Marketing expense1 19 — 8 28 Card and processing expense3 17 1 — 21 Other noninterest expense(b)302 283 40 (402)223 Total noninterest expense$511 650 106 37 1,304 Income (loss) before income taxes (FTE)(a)$262 522 52 (178)658 Average assets$77,940 54,406 4,657 73,555 210,558 (a)Includes FTE adjustments of $3 for Commercial Banking and $2 for General Corporate and Other.(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.

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

March 31, 2024 ($ in millions)CommercialBankingConsumerand Small BusinessBankingWealthand AssetManagementGeneralCorporate and Other