Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 81

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 81
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Table of Contents

Fifth Third Bancorp and SubsidiariesCondensed Consolidated Financial Statements and Notes (Item 1)CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)As ofMarch 31,December 31,($ in millions, except share data)20252024AssetsCash and due from banks$3,009 3,014 Other short-term investments(a)14,965 17,120 Available-for-sale debt and other securities (amortized cost of $43,445 and $43,878)39,747 39,547 Held-to-maturity securities (fair value of $11,072 and $10,965)11,185 11,278 Trading debt securities1,159 1,185 Equity securities494 341 Loans and leases held for sale (includes $445 and $574 of residential mortgage loans measured at fair value)473 640 Portfolio loans and leases(a) (includes $109 and $108 of residential mortgage loans measured at fair value)122,191 119,791 Allowance for loan and lease losses(a)(2,384)(2,352)Portfolio loans and leases, net119,807 117,439 Bank premises and equipment (includes $14 and $14 held for sale)2,506 2,475 Operating lease equipment314 319 Goodwill4,918 4,918 Intangible assets82 90 Servicing rights1,663 1,704 Other assets(a)12,347 12,857 Total Assets$212,669 212,927 LiabilitiesDeposits:Noninterest-bearing deposits$40,855 41,038 Interest-bearing deposits124,650 126,214 Total deposits165,505 167,252 Federal funds purchased227 204 Other short-term borrowings5,457 4,450 Accrued taxes, interest and expenses1,722 2,137 Other liabilities(a)4,816 4,902 Long-term debt(a)14,539 14,337 Total Liabilities$192,266 193,282 EquityCommon stock(b)$2,051 2,051 Preferred stock(c)2,116 2,116 Capital surplus3,773 3,804 Retained earnings24,377 24,150 Accumulated other comprehensive loss(3,895)(4,636