Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 42

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 42
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0252024Income Statement DataNet interest income (FTE)(a)$594 648 1,742 1,946 Provision for credit losses246 76 405 284 Noninterest income:Commercial payments revenue140 131 404 386 Capital markets fees114 110 292 298 Commercial banking revenue86 92 243 265 Other noninterest income17 21 38 47 Noninterest expense:Compensation and benefits151 148 480 487 Net occupancy and equipment expense17 16 51 47 Other noninterest expense286 296 887 860 Income before income taxes (FTE)(a)$251 466 896 1,264 Average Balance Sheet DataCommercial loans and leases, including held for sale$67,999 66,085 68,393 66,785 Demand deposits16,661 16,679 16,285 17,003 Interest checking deposits39,619 40,826 39,623 39,877 Savings deposits118 138 125 145 Money market deposits4,450 4,636 4,517 4,538 Certificates of deposit32 39 32 51 

(a)Includes FTE adjustments of $3 and $4 for the three months ended September 30, 2025 and 2024, respectively, and $9 and $11 for the nine months ended September 30, 2025 and 2024, respectively.

Income before income taxes on an FTE basis was $251 million and $896 million for the three and nine months ended September 30, 2025, respectively, compared to $466 million and $1.3 billion for the same periods in the prior year. The decrease for the three months ended September 30, 2025 was primarily driven by an increase in provision for credit losses and a decrease in net interest income on an FTE basis. The decrease for the nine months ended September 30, 2025 was primarily driven by a decrease in net interest income on an FTE basis, an increase in provision for credit losses, an increase in noninterest expense and a decrease in noninterest income.

Net interest income on an FTE basis decreased $54 million and $204 million for the three and nine months ended September 30, 2025, respectively, compared to the same periods in the prior year primarily driven by decreases in FTP credits on deposits and decreases