Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 27

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 27
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11,072 6.83.39  %

(a)Taxable-equivalent yield adjustments included in the above table are 0.01%, 0.04%, 0.52% and 0.08% for securities with an average life between 1 and 5 years, average life between 5 and 10 years, average life greater than 10 years and in total, respectively.

(b)Includes a discount of $833 pertaining to the unamortized portion of unrealized losses on HTM securities.

Other Short-Term Investments

Other short-term investments have original maturities less than one year and primarily include interest-bearing balances that are funds on deposit at the FRB or other depository institutions. The Bancorp uses other short-term investments as part of its liquidity risk management tools. Other short-term investments were $15.0 billion at March 31, 2025, a decrease of $2.2 billion from December 31, 2024. This decrease was primarily due to deploying excess liquidity to fund loan growth and proactive liability management during the three months ended March 31, 2025.

21

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

Deposits

The Bancorp’s deposit balances represent an important source of funding and revenue growth opportunity. The Bancorp continues to focus on core deposit growth in its retail and commercial franchises by improving customer satisfaction, building full relationships and offering competitive rates and through its strategy of expanding retail presence in high-growth markets, such as in the Southeast. Average core deposits represented 77% and 76% of average total assets for the three months ended March 31, 2025 and 2024, respectively.

The following table presents the end of period components of deposits:

TABLE 18:  Components of DepositsAs of ($ in millions)March 31, 2025December 31, 2024Demand$40,855 41,038 Interest checking(b)58,420 59,306 Savings17,583 17,147 Money market36,505 36,605 Total transaction deposits$153,363 154,096 CDs $250,000 or less10,248 10,798 Total core deposits$163,611 164,894 CDs over $250,000(a)1,894 2,358 Total deposits$165,505 167,252 

(a)Includes $920