Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 469

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 469
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51 Fifth Third Bancorp

Table of Contents MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following table reconciles non-GAAP capital ratios to U.S. GAAP:

TABLE 4:  Non-GAAP Financial Measures - Capital RatiosAs of December 31 ($ in millions)20242023Total Bancorp Shareholders’ Equity (U.S. GAAP)$19,645 19,172 Less: Preferred stock2,116 2,116 Goodwill4,918 4,919 Intangible assets90 125 AOCI(4,636)(4,487)Tangible common equity, excluding AOCI (1)17,157 16,499 Add: Preferred stock2,116 2,116 Tangible equity (2)$19,273 18,615 Total Assets (U.S. GAAP)$212,927 214,574 Less: Goodwill4,918 4,919 Intangible assets90 125 AOCI, before tax(5,868)(5,680)Tangible assets, excluding AOCI (3)$213,787 215,210 Ratios:Tangible equity as a percentage of tangible assets (2) / (3)9.02 %8.65 Tangible common equity as a percentage of tangible assets (1) / (3)8.03 7.67     

52 Fifth Third Bancorp 

Table of Contents MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RECENT ACCOUNTING STANDARDS

Note 1 of the Notes to Consolidated Financial Statements provides a discussion of the significant new accounting standards applicable to the Bancorp during 2024 and the expected impact of significant accounting standards issued, but not yet required to be adopted.

CRITICAL ACCOUNTING POLICIES

The Bancorp’s Consolidated Financial Statements are prepared in accordance with U.S. GAAP. Certain accounting policies require management to exercise judgment in determining methodologies, economic assumptions and estimates that may materially affect the Bancorp’s financial position, results of operations and cash flows. The Bancorp’s critical accounting policies include the accounting for the ALLL, reserve for unfunded commitments, valuation of servicing rights, goodwill, legal contingencies and fair value measurements. There have been no material changes to the valuation techniques or models described below during the year ended December 31, 2024.