Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 202

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 202
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73 78 241 232 Noninterest income:Consumer banking revenue144 142 426 415 Wealth and asset management revenue73 64 206 185 Mortgage banking net revenue58 50 170 153 Commercial payments revenue22 22 64 65 Other noninterest income12 5 18 9 Noninterest expense:Compensation and benefits232 209 697 675 Net occupancy and equipment expense69 65 206 198 Marketing expense20 15 69 55 Loan and lease expense22 21 61 61 Other noninterest expense310 304 915 913 Income before income taxes$665 647 1,836 1,980 Average Balance Sheet DataConsumer loans, including held for sale$46,147 42,912 45,233 42,459 Commercial loans, including held for sale5,220 4,251 4,997 4,067 Demand deposits23,298 22,417 23,101 22,362 Interest checking deposits10,708 10,685 10,860 11,002 Savings deposits13,775 14,155 13,967 14,626 Money market deposits32,545 32,136 31,746 30,774 Certificates of deposit11,702 11,200 11,333 11,229 

Income before income taxes was $665 million and $1.8 billion for the three and nine months ended September 30, 2025, respectively, compared to $647 million and $2.0 billion for the same periods in the prior year. The increase for the three months ended September 30, 2025 was primarily driven by increases in net interest income and noninterest income, partially offset by an increase in noninterest expense. The decrease for the nine months ended September 30, 2025 was primarily driven by a decrease in net interest income and an increase in noninterest expense, partially offset by an increase in noninterest income. 

Net interest income increased $26 million and decreased $146 million for the three and nine months ended September 30, 2025, respectively, compared to the same periods in the prior year. The increase for the three months ended September 30, 2025 was primarily driven by an increase in the average balances of and yields on loans and leases and a decrease in rates paid on average interest-bearing