Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 332

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 332
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Technology and communications8 14 — 209 231 Net occupancy expense18 107 6 39 170 Equipment expense14 26 — 36 76 Marketing expense1 42 — 23 66 Loan and lease expense12 39 — 11 62 Card and processing expense4 37 1 (1)41 Other noninterest expense(b)540 558 74 (665)507 Total noninterest expense$936 1,289 195 142 2,562 Income (loss) before income taxes (FTE)(a)$796 1,335 117 (812)1,436 Average assets$77,163 51,600 4,348 79,728 212,839 (a)Includes FTE adjustments of $8 for Commercial Banking and $4 for General Corporate and Other.(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.

20.  Subsequent Event

On July 18, 2025, the Bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the Bancorp paid $300 million on July 21, 2025 to repurchase shares of its outstanding common stock. The Bancorp is repurchasing the shares of its common stock as part of its 100 million share repurchase program previously approved by the Board on June 13, 2025. The Bancorp expects the settlement of the transaction to occur on or before September 29, 2025.

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PART II. OTHER INFORMATION