Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 162

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 162
---
 of operations for any particular period, depending, in part, upon the size of the loss or liability imposed and the operating results for the applicable period.

15.  Income Taxes

The applicable income tax expense was $180 million and $163 million for the three months ended June 30, 2025 and 2024, respectively, and $319 million and $302 million for the six months ended June 30, 2025 and 2024, respectively. The effective tax rates for the three months ended June 30, 2025 and 2024 were 22.2% and 21.3%, respectively, and 21.8% and 21.2% for the six months ended June 30, 2025 and 2024, respectively.

16.  Earnings Per Share

The following table provides the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share:For the three months endedJune 30,For the six months endedJune 30,($ in millions, except per share data)2025202420252024Net income available to common shareholders$591 561 1,069 1,041 Average common shares outstanding - basic671 687 671 686 Effect of dilutive stock-based awards3 4 4 5 Average common shares outstanding - diluted674 691 675 691 Earnings per share - basic$0.88 0.82 1.59 1.52 Earnings per share - diluted0.88 0.81 1.58 1.51 Anti-dilutive stock-based awards excluded from diluted shares3 2 2 2 

104

Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

17.  Accumulated Other Comprehensive Income

The tables below present the activity of the components of OCI and AOCI for the three months ended:Total OCI Total AOCI June 30, 2025 ($ in millions)Pre-tax ActivityTaxEffectNetActivityBeginning BalanceNetActivityEndingBalanceUnrealized holding gains on available-for-sale debt securities arising during period$237 (58)179 Reclassification adjustment for net losses on available-for-sale debt securities included in net income— — — Net unrealized losses on available-for-sale debt securities237 (58)179 (2,799)179 (2,620)Amort