Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 9

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 9
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 10,642 9,961 10,573 Interest expense (annualized) (4)$3,963 4,965 3,987 4,949 Noninterest income (5)781 711 2,224 2,117 Noninterest expense (6)1,267 1,244 3,835 3,807 Average interest-earning assets (7)193,500 195,836 193,000 195,231 Average interest-bearing liabilities (8)143,096 147,092 143,427 146,664 Ratios:Net interest margin on an FTE basis (2) / (7)3.13 %2.90 3.10 2.88 Net interest rate spread on an FTE basis ((3) / (7)) - ((4) / (8))2.41 2.05 2.38 2.05 Efficiency ratio on an FTE basis (6) / ((1) + (5))54.9 58.2 57.3 60.2 

The Bancorp believes return on average tangible common equity is an important measure for comparative purposes with other financial institutions, but is not defined under U.S. GAAP, and therefore is considered a non-GAAP financial measure. This measure is useful for evaluating the performance of a business as it calculates the return available to common shareholders without the impact of intangible assets and their related amortization.

7

Table of ContentsManagement’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

The following table reconciles the non-GAAP financial measure of return on average tangible common equity to U.S. GAAP:

TABLE 3:  Non-GAAP Financial Measures - Return on Average Tangible Common EquityFor the three months endedSeptember 30,For the nine months endedSeptember 30,($ in millions)2025202420252024Net income available to common shareholders (U.S. GAAP)$608 532 1,677 1,573 Add: Intangible amortization, net of tax5 7 16 21 Tangible net income available to common shareholders$613 539 1,693 1,594 Tangible net income available to common shareholders (annualized) (1)2,432 2,144 2,264 2,129 Average Bancorp shareholders’ equity (U.S. GAAP