Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 372

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 372
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,262)Total Equity19,645 19,172 Total Liabilities and Equity$29,736 29,911  

196 Fifth Third Bancorp

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Condensed Statements of Cash Flows (Parent Company Only)   For the years ended December 31 ($ in millions)202420232022Operating Activities   Net income$2,314 2,349 2,446 Adjustments to reconcile net income to net cash provided by operating activities:Amortization and accretion7 7 7 Provision for (benefit from) deferred income taxes2 1 (3)Securities (gains) losses, net(3)(4)9 Equity in undistributed earnings(891)(915)(2,533)Net change in:Equity securities8 4 6 Other assets(49)147 (115)Accrued expenses and other liabilities(60)(126)45 Net Cash Provided by (Used in) Operating Activities1,328 1,463 (138)Investing ActivitiesProceeds from maturities of securities issued by subsidiary1,000 1,000 — Purchase of securities issued by subsidiary(2,500)(1,000)(1,000)Net change in:Other short-term investments3,394 (833)567 Loans to nonbank subsidiaries(5)60 132 Net Cash Provided by (Used in) Investing Activities1,889 (773)(301)Financing ActivitiesNet change in other short-term borrowings3 (121)(240)Proceeds from issuance of long-term debt1,742 1,244 2,986 Repayment of long-term debt(2,250)(500)(1,200)Dividends paid on common and preferred stock(1,176)(1,060)(927)Repurchase of treasury stock and related forward contract(625)(200)(100)Other, net(62)(53)(82)Net Cash (Used in) Provided by Financing Activities(2,368)(690)437 Increase (Decrease) in Cash849 — (2)Cash at Beginning of Period120 120 122 Cash at End of Period$969 120 120 

197 Fifth Third Bancorp

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

31. Business Segments

The Bancorp has