Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 35

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 35
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 decreases in interest checking deposits and savings deposits, partially offset by an increase in demand deposits. Interest checking deposits decreased $3.8 billion, or 6%, from December 31, 2024 primarily as a result of lower balances per commercial customer account, a decrease in derivative collateral held as a result of lower interest rates as well as seasonal impacts which contributed to lower balances per consumer customer account. Savings deposits decreased $533 million, or 3%, from December 31, 2024 primarily due to lower average balances per consumer customer account partially driven by the impact of consumer preferences for products with higher offering rates. Demand deposits increased $1.1 billion, or 3%, from December 31, 2024 primarily due to higher balances per commercial customer account as well as growth in the number of accounts.

The following table presents the components of average deposits for the three months ended:

TABLE 20:  Components of Average Deposits($ in millions)June 30, 2025June 30, 2024Demand$40,885 40,266 Interest checking(b)56,738 58,156 Savings16,962 17,747 Money market36,296 35,511 Total transaction deposits$150,881 151,680 CDs $250,000 or less10,494 10,767 Total core deposits$161,375 162,447 CDs over $250,000(a)2,200 4,747 Total average deposits$163,575 167,194 

(a)Includes $1.1 billion and $3.8 billion of retail brokered CDs which are fully covered by FDIC insurance for the three months ended June 30, 2025 and 2024, respectively.

(b)Effective January 1, 2025, foreign office deposits are included in interest checking. Prior periods have been adjusted to conform to current period presentation.

23

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

On an average basis, core deposits decreased $1.1 billion, or 1%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily due to decreases in average transaction deposits and average CDs $250,000 or less. Average transaction deposits decreased $799 million, or 1%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily driven by decreases in