Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 98

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 98
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, Series A ($30.00 per share)(6)(6)Shares acquired for treasury(226)(226)Impact of stock transactions under stock compensation plans, net(10)57 47 Balance at June 30, 2025$2,051 2,116 3,794 24,718 (3,546)(8,009)21,124 

Refer to the Notes to Condensed Consolidated Financial Statements.

63

Fifth Third Bancorp and SubsidiariesCondensed Consolidated Financial Statements and Notes (continued)CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)For the six months ended June 30,($ in millions)20252024Operating ActivitiesNet income$1,142 1,122 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses347 191 Depreciation, amortization and accretion273 248 Stock-based compensation expense108 100 Benefit from deferred income taxes(13)(2)Securities gains, net(13)(15)MSR fair value adjustment100 22 Net gains on sales of loans and fair value adjustments on loans held for sale(35)(10)Proceeds from sales of loans held for sale2,239 1,547 Loans originated or purchased for sale, net of repayments(2,256)(1,749)Dividends representing return on equity method investments22 20 Net change in:Equity and trading debt securities(91)(104)Other assets839 (245)Accrued taxes, interest and expenses and other liabilities(123)(60)Net Cash Provided by Operating Activities2,539 1,065 Investing ActivitiesProceeds from sales:AFS securities and other investments2,361 289 Loans and leases173 186 Bank premises and equipment — 16 MSRs— 5 Proceeds from repayments / maturities of AFS and HTM securities and other investments3,167 2,609 Purchases:AFS and HTM securities, equity method investments and other investments(4,050)(3,197)Bank premises and equipment(260)(156)Proceeds from settlement of BOLI26 19 Proceeds from sales and dividends representing return of equity method investments11 5 Net cash received for divestitures— 6 Net change in:Other short-term investments4