Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 28

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7A
Chunk 28
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31, 2024$2,051 2,116 3,804 24,150 (4,636)(7,840)19,645 

(a)Refer to Note 24 for further information on dividends declared for preferred stock.

(b)Related to the adoption of ASU 2023-02 as of January 1, 2024. Refer to Note 1 for additional information.

Refer to the Notes to Consolidated Financial Statements.

111 Fifth Third Bancorp

Table of ContentsCONSOLIDATED STATEMENTS OF CASH FLOWS

For the years ended December 31 ($ in millions)202420232022Operating ActivitiesNet income$2,314 2,349 2,446 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses530 515 563 Depreciation, amortization and accretion495 462 436 Stock-based compensation expense164 169 165 Provision for (benefit from) deferred income taxes72 (106)(60)Securities (gains) losses, net(20)(31)84 MSR fair value adjustment77 105 (177)Net gains on sales of loans and fair value adjustments on loans held for sale(34)(27)(126)Net gains on disposition and impairment of bank premises and equipment and operating lease equipment(14)(7)(1)     Gain on the TRA associated with Worldpay, Inc.(11)(22)(46)Proceeds from sales of loans held for sale4,066 4,938 13,123 Loans originated or purchased for sale, net of repayments(4,301)(4,242)(10,239)Dividends representing return on equity method investments44 46 50 Net change in:Equity and trading debt securities(3)(128)70 Other assets(625)326 646 Accrued taxes, interest and expenses and other liabilities70 162 (506)Net Cash Provided by Operating Activities2,824 4,509 6,428 Investing ActivitiesProceeds from sales:AFS securities and other investments782 2,813 4,359 Loans and leases419 444 155 Bank premises and equipment24 7 2 MSRs5 — — Proceeds from repayments / maturities of AFS and HTM securities and other investments5,814 4,235