Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 160

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7A
Chunk 160
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 major components of other noninterest income and other noninterest expense for the years ended December 31:($ in millions)202420232022Other noninterest income:BOLI income$66 6164Private equity investment income35 4470Equity method investment income18 5222Income from the TRA associated with Worldpay, Inc.11 2246Gains (losses) on sales of businesses7 —(7)Loss on swap associated with the sale of Visa, Inc. Class B Shares(138)(94)(84)Other, net13 638Total other noninterest income$12 91149Other noninterest expense:FDIC insurance and other taxes$181 385 132 Leasing business expense92 121 131 Losses and adjustments86 91 91 Data processing81 87 82 Dues and subscriptions61 61 58 Travel60 56 60 Securities recordkeeping55 50 48 Professional service fees49 53 54 Postal and courier48 46 40 Cash and coin processing47 48 44 Intangible amortization35 43 47 Other, net178 184 145 Total other noninterest expense$973 1,225 932 

27. 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 years ended December 31: ($ in millions, except per share data)202420232022Net income available to common shareholders$2,155 2,212 2,330 Less: Income allocated to participating securities— — 2 Net income allocated to common shareholders2,155 2,212 2,328 Average common shares outstanding - basic682 684 689 Effect of dilutive stock-based awards5 4 6 Average common shares outstanding - diluted687 688 695 Earnings per share - basic3.16 3.23 3.38 Earnings per share - diluted3.14 3.22 3.35 Anti-dilutive stock-based awards excluded from diluted shares1 6 3 

186 Fifth Third Bancorp

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

28. Fair Value Measurements

The Bancorp measures certain financial assets and liabilities at fair value in accordance with U.S. GAAP, which defines fair value as the price that would