Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 36

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 36
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 average interest checking deposits and average savings deposits, partially offset by increases in average money market deposits and average demand deposits. Average interest checking deposits decreased $1.4 billion, or 2%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily due to lower average balances per commercial and consumer customer accounts and a decrease in derivative collateral held as a result of lower interest rates. Average savings deposits decreased $785 million, or 4%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily due to lower average balances per consumer customer account partially driven by the impact of consumer preferences for products with higher offering rates. Average money market deposits increased $785 million, or 2%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily as a result of higher average balances per consumer customer account due to higher offering rates. Average demand deposits increased $619 million, or 2%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily as a result of an increase in consumer customer accounts and average balances per consumer customer account. Average CDs $250,000 or less decreased $273 million, or 3%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily due to maturities which outpaced new issuances given current market conditions.

Average CDs over $250,000 decreased $2.5 billion, or 54%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily due to maturities of retail brokered CDs.

Contractual maturities

The contractual maturities of CDs as of June 30, 2025 are summarized in the following table:

TABLE 21:  Contractual Maturities of CDs(a)($ in millions)Next 12 months$12,682 13-24 months577 25-36 months20 37-48 months8 49-60 months20 After 60 months2 Total CDs$13,309 

(a)Includes CDs $250,000 or less and CDs over $250,000.

Deposit insurance

The FDIC generally provides a standard amount of insurance of $250,000 per depositor, per insured bank, for each account ownership category defined by the FDIC. As of June 30, 2025