Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 190

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 190
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 percent of average portfolio loans and leases decreased to 35 bps for the three months ended June 30, 2025 compared to 45 bps for the same period in the prior year and increased to 33 bps for the six months ended June 30, 2025 compared to 31 bps for the same period in the prior year.

Noninterest income increased $1 million and decreased $20 million for the three and six months ended June 30, 2025, respectively, compared to the same periods in the prior year. The increase for the three months ended June 30, 2025 was primarily driven by an increase in other noninterest income, partially offset by a decrease in commercial banking revenue. Other noninterest income increased $14 million for the three months ended June 30, 2025 compared to the same period in the prior year primarily due to the recognition of an immaterial amount of net securities gains for the three months ended June 30, 2025 compared to net securities losses of $7 million for the same period in the prior 

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

year as well as an increase in equity method investment income. The decrease for the six months ended June 30, 2025 was primarily driven by decreases in commercial banking revenue and capital markets fees, partially offset by an increase in commercial payments revenue. Refer to the Noninterest Income subsection of the Statement of Income Analysis section of MD&A for additional information on the fluctuations in commercial banking revenue, capital markets fees and commercial payments revenue.

Noninterest expense increased $8 million and $28 million for the three and six months ended June 30, 2025, respectively, compared to the same periods in the prior year primarily driven by increases in other noninterest expense. Other noninterest expense increased $8 million and $36 million for the three and six months ended June 30, 2025, respectively, compared to the same periods in the prior year primarily due to increases in allocated expenses and credit valuation adjustments on derivatives associated with customer accommodation contracts, partially offset by decreases in leasing business expense. The increase for the six months ended June 30, 2025 compared to the same period in the prior year was partially offset by a decrease in compensation and benefits expense. Compensation and benefits expense decreased $10 million for the six months ended June 30, 2025 compared to the same period in the prior year primarily due to a decrease in performance-based compensation