Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 8

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 8
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9,936 10,538 Interest expense (annualized) (4)$3,967 4,959 4,003 4,941 Noninterest income (5)750 695 1,444 1,406 Noninterest expense (6)1,264 1,221 2,568 2,562 Average interest-earning assets (7)192,682 194,499 192,745 194,924 Average interest-bearing liabilities (8)142,913 146,361 143,595 146,447 Ratios:Net interest margin on an FTE basis (2) / (7)3.12 %2.88 3.08 2.87 Net interest rate spread on an FTE basis ((3) / (7)) - ((4) / (8))2.40 2.04 2.36 2.04 Efficiency ratio on an FTE basis (6) / ((1) + (5))56.2 58.5 58.6 61.2 

The Bancorp believes return on average tangible common equity is an important measure for comparative purposes with other financial institutions, but is not defined under U.S. GAAP, and therefore is considered a non-GAAP financial measure. This measure is useful for evaluating the performance of a business as it calculates the return available to common shareholders without the impact of intangible assets and their related amortization.

7

Table of ContentsManagement’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

The following table reconciles the non-GAAP financial measure of return on average tangible common equity to U.S. GAAP:

TABLE 3:  Non-GAAP Financial Measures - Return on Average Tangible Common EquityFor the three months endedJune 30,For the six months endedJune 30,($ in millions)2025202420252024Net income available to common shareholders (U.S. GAAP)$591 561 1,069 1,041 Add: Intangible amortization, net of tax5 7 11 14 Tangible net income available to common shareholders$596 568 1,080 1,055 Tangible net income available to common shareholders (annualized) (1)2,391 2,284 2,178 2,122 Average Bancorp shareholders’ equity (U.S. GAAP)$20,670