Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 36

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 36
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 deposits$166,569 167,252 

(a)Includes $777 million and $1.3 billion of retail brokered CDs which are fully covered by FDIC insurance as of September 30, 2025 and December 31, 2024, respectively.

(b)Effective January 1, 2025, foreign office deposits are included in interest checking. Prior periods have been adjusted to conform to current period presentation.

Core deposits decreased $300 million from December 31, 2024 due to decreases in transaction deposits and CDs $250,000 or less. Transaction deposits decreased $169 million from December 31, 2024 primarily driven by decreases in interest checking deposits and savings deposits, partially offset by increases in money market deposits and demand deposits. Interest checking deposits decreased $2.1 billion, or 3%, from December 31, 2024 primarily as a result of lower balances per customer account and a decrease in derivative collateral held as a result of lower interest rates. Savings deposits decreased $1.0 billion, or 6%, from December 31, 2024 primarily due to lower balances per consumer customer account as well as a decrease in the number of consumer customer accounts, partially driven by the impact of consumer preferences for products with higher offering rates. Money market deposits increased $2.1 billion, or 6%, from December 31, 2024 primarily due to higher balances per consumer customer account as well as growth in the number of accounts partially driven by higher offering rates. Demand deposits increased $792 million, or 2%, from December 31, 2024 primarily due to higher balances per customer account. CDs $250,000 or less decreased $131 million, or 1%, from December 31, 2024 primarily due to lower balances per customer account driven by maturities which outpaced new issuances given current market conditions.

CDs over $250,000 decreased $383 million, or 16%, from December 31, 2024 primarily due to maturities of retail brokered CDs.

The following table presents the components of average deposits for the three months ended:

TABLE 20:  Components of Average Deposits($ in millions)September 30, 2025September 30, 2024Demand$41,235 40,020 Interest checking(b)56,624 58,605 Savings16,376 17,272 Money market37,434 37,257 Total transaction deposits$151,669