Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 277

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 277
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 this amount are based on the Bancorp’s analysis of currently available information, and as new information is obtained the Bancorp may change its estimates.For these matters and others where an unfavorable outcome is reasonably possible but not probable, there may be a range of possible losses in excess of the established accrual that cannot be estimated. Based on information currently available, advice of counsel, available insurance coverage and established accruals, the Bancorp believes that the eventual outcome of the actions against the Bancorp and/or its subsidiaries, including the matters described above, will not, individually or in the aggregate, have a material adverse effect on the Bancorp’s consolidated financial position. However, in the event of unexpected future developments, it is possible that the ultimate resolution of those matters, if unfavorable, may be material to the Bancorp’s results 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 $138 million for both the three months ended March 31, 2025 and 2024. The effective tax rates for the three months ended March 31, 2025 and 2024 were 21.2% and 21.1%, respectively.While it is reasonably possible that the amount of the unrecognized tax benefits with respect to certain of the Bancorp’s uncertain tax positions could increase or decrease during the next twelve months, the Bancorp believes it is unlikely that its unrecognized tax benefits will change by a material amount during the next twelve months.

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 endedMarch 31,($ in millions, except per share data)20252024Net income available to common shareholders$478 480 Average common shares outstanding - basic671 686 Effect of dilutive stock-based awards5 5 Average common shares outstanding - diluted$676 691 Earnings per share - basic$0.71 0.70 Earnings per share - diluted0.71 0.70 Anti-dilutive stock-based awards excluded from diluted shares2 3 

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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