Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 218

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 218
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.25 per share)(4)(4)     Class B, Series A ($15.00 per share)(3)(3)Shares acquired for treasury(226)(226)Impact of stock transactions under stock compensation plans, net(31)47 16 Balance at March 31, 2025$2,051 2,116 3,773 24,377 (3,895)(8,019)20,403 

Refer to the Notes to Condensed Consolidated Financial Statements.

60

Fifth Third Bancorp and SubsidiariesCondensed Consolidated Financial Statements and Notes (continued)CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)For the three months ended March 31,($ in millions)20252024Operating ActivitiesNet income$515 520 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses174 94 Depreciation, amortization and accretion135 128 Stock-based compensation expense73 64 Provision for (benefit from) deferred income taxes5 (35)Securities losses (gains), net5 (12)MSR fair value adjustment50 (8)Net gains on sales of loans and fair value adjustments on loans held for sale(13)(3)Proceeds from sales of loans held for sale1,049 742 Loans originated or purchased for sale, net of repayments(912)(714)Dividends representing return on equity method investments10 9 Net change in:Equity and trading debt securities(74)(14)Other assets755 (265)Accrued taxes, interest and expenses and other liabilities(539)(120)Net Cash Provided by Operating Activities1,233 386 Investing ActivitiesProceeds from sales:AFS securities and other investments956 64 Loans and leases79 121 Bank premises and equipment — 15 Proceeds from repayments / maturities of AFS and HTM securities and other investments1,635 1,238 Purchases:AFS securities, equity method investments and other investments(2,184)(1,398)Bank premises and equipment(117)(65)Proceeds from settlement of BOLI12 11 Proceeds from sales and dividends representing return of equity method investments4 2 Net cash received for divestitures— 6 Net change in:Other short-term investments2,