Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 34

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 34
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 less than one year and primarily include interest-bearing balances that are funds on deposit at the FRB or other depository institutions. The Bancorp uses other short-term investments to manage liquidity risk. Other short-term investments were $13.0 billion at June 30, 2025, a decrease of $4.1 billion from December 31, 2024. This decrease was primarily due to deploying excess liquidity to fund loan growth and proactive liability management during the six months ended June 30, 2025.

22

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

Deposits

The Bancorp’s deposit balances represent an important source of funding and revenue growth opportunity. The Bancorp continues to focus on core deposit growth in its retail and commercial franchises by improving customer satisfaction, building full relationships and offering competitive rates and through its strategy of expanding retail presence in high-growth markets, such as in the Southeast. Average core deposits represented 77% and 76% of average total assets for the three months ended June 30, 2025 and 2024, respectively.

The following table presents the end of period components of deposits:

TABLE 19:  Components of DepositsAs of ($ in millions)June 30, 2025December 31, 2024Demand$42,174 41,038 Interest checking(b)55,524 59,306 Savings16,614 17,147 Money market36,586 36,605 Total transaction deposits$150,898 154,096 CDs $250,000 or less10,883 10,798 Total core deposits$161,781 164,894 CDs over $250,000(a)2,426 2,358 Total deposits$164,207 167,252 

(a)Includes $1.2 billion and $1.3 billion of retail brokered CDs which are fully covered by FDIC insurance as of June 30, 2025 and December 31, 2024, respectively.

(b)Effective January 1, 2025, foreign office deposits are included in interest checking. Prior periods have been adjusted to conform to current period presentation.

Core deposits decreased $3.1 billion, or 2%, from December 31, 2024 primarily due to a decrease in transaction deposits. Transaction deposits decreased $3.2 billion, or 2%, from December 31, 2024 primarily driven by