Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 24

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 24
---
 ended June 30, 2025, respectively, compared to the same periods in the prior year primarily driven by increased investments in strategic initiatives and technology modernization.

Marketing expense increased $9 million and $5 million for the three and six months ended June 30, 2025, respectively, compared to the same periods in the prior year primarily due to increased spend on customer acquisition activities.

15

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

The following table presents the components of other noninterest expense:

TABLE 11:  Components of Other Noninterest ExpenseFor the three months endedJune 30,For the six months endedJune 30,($ in millions)2025202420252024FDIC insurance and other taxes$35 47 77 120 Data processing21 20 40 39 Leasing business expense18 22 36 48 Losses and adjustments17 27 33 49 Dues and subscriptions16 16 33 31 Travel16 15 31 30 Securities recordkeeping14 13 28 26 Postal and courier12 12 25 24 Professional service fees13 14 25 23 Cash and coin processing12 11 23 24 Intangible amortization7 8 15 18 Other, net34 37 72 75 Total other noninterest expense$215 242 438 507 

Other noninterest expense decreased $27 million and $69 million for the three and six months ended June 30, 2025, respectively, compared to the same periods in the prior year primarily driven by decreases in FDIC insurance and other taxes, losses and adjustments and leasing business expense.

FDIC insurance and other taxes decreased $12 million and $43 million for the three and six months ended June 30, 2025, respectively, compared to the same periods in the prior year primarily due to the expense recognized in the first half of 2024 associated with the Bancorp’s updated estimate of its allocated share of the FDIC’s special assessment. Losses and adjustments decreased $10 million and $16 million for the three and six months ended June 30, 2025, respectively, compared to the same periods in the prior year primarily due to increased expense levels in the prior year related to remediation items. Leasing business expense decreased $4 million and $12 million for the three and six months ended June 30