Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 185

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 185
---
 (1)144 Capital markets fees114 1 — — 115 Commercial banking revenue86 1 — — 87 Mortgage banking net revenue— 58 — — 58 Other noninterest income16 10 1 2 29 Securities gains, net— — — 10 10 Total noninterest income$357 309 109 6 781 Noninterest expense:Compensation and benefits$151 232 53 249 685 Technology and communications5 8 — 115 128 Net occupancy expense9 55 3 22 89 Equipment expense8 14 — 22 44 Loan and lease expense10 22 — 7 39 Marketing expense1 20 — 13 34 Card and processing expense3 19 — — 22 Other noninterest expense(b)267 283 37 (361)226 Total noninterest expense$454 653 93 67 1,267 Income (loss) before income taxes (FTE)(a)$251 665 71 (145)842 Average assets$77,603 56,762 4,910 72,495 211,770 (a)Includes FTE adjustments of $3 for Commercial Banking and $2 for General Corporate and Other.(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.

118

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

September 30, 2024 ($ in millions)CommercialBankingConsumerand Small BusinessBankingWealthand AssetManagementGeneralCorporate and Other(c)TotalNet interest income (FTE)(a)$648 1,056 50 (327)1,427 Provision for credit losses76 78 — 6 160 Net interest income after provision for credit losses$572 978 50 (333)1,267 Noninterest income:Wealth and asset management revenue$1 64 98 — 163 Commercial payments revenue131 22 — 1 154 Consumer banking revenue— 142 1 — 143 Capital markets fees110 1 — — 111