Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 200

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 200
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 74 bps for the three and nine months ended September 30, 2025, respectively, compared to 40 bps and 34 bps for the same periods in the prior year.

Noninterest income increased $3 million and decreased $19 million for the three and nine months ended September 30, 2025, respectively, compared to the same periods in the prior year. The increase for the three months ended September 30, 2025 was primarily driven by an increase in commercial payments revenue, partially offset by a decrease in commercial banking revenue. The decrease for the nine months ended September 30, 2025 was primarily driven by decreases in commercial banking revenue and capital markets fees, partially offset by an increase in commercial payments revenue. Refer to the Noninterest Income subsection of the Statement of Income Analysis section of 

27

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

MD&A for additional information on the fluctuations in commercial banking revenue, capital markets fees and commercial payments revenue.

Noninterest expense decreased $6 million and increased $24 million for the three and nine months ended September 30, 2025, respectively, compared to the same periods in the prior year. The decrease for the three months ended September 30, 2025 was primarily driven by a decrease in other noninterest expense. Other noninterest expense decreased $10 million for the three months ended September 30, 2025 compared to the same period in the prior year primarily due to decreases in FDIC insurance and other taxes, credit valuation adjustments on derivatives associated with customer accommodation contracts and leasing business expense. The increase for the nine months ended September 30, 2025 compared to the same period in the prior year was primarily driven by an increase in other noninterest expense, partially offset by a decrease in compensation and benefits expense. Other noninterest expense increased $27 million for the nine months ended September 30, 2025 compared to the same period in the prior year primarily due to increases in allocated expenses, loan and lease expense and credit valuation adjustments on derivatives associated with customer accommodation contracts, partially offset by a decrease in leasing business expense. Compensation and benefits expense decreased $7 million for the nine months ended September 30, 2025 compared to the same period in the prior year primarily due to a decrease in performance-based compensation. 

Average commercial loans and leases increased $1.9 billion and $1.6 billion for the three and nine months ended September 30, 2025,