Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 33

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 33
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 In conjunction with this change, the loans, deposits and operating results associated with the affected business banking customer relationships were reclassified from the Commercial Banking segment to the Consumer and Small Business Banking segment effective January 1, 2025. This change was applied retrospectively to all prior periods presented.

The following table summarizes income (loss) before income taxes on an FTE basis by segment:

TABLE 23:  Income (Loss) Before Income Taxes (FTE) by SegmentFor the three months endedMarch 31,($ in millions)20252024Commercial Banking$262 427 Consumer and Small Business Banking522 685 Wealth and Asset Management52 58 General Corporate and Other(a)(178)(506)Income before income taxes (FTE)$658 664 

(a)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.

25

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

Commercial Banking

Commercial Banking offers credit intermediation, cash management and financial services to large and middle-market businesses and government and professional customers. In addition to the traditional lending and depository offerings, Commercial Banking products and services include global cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing and syndicated finance.

The following table contains selected financial data for the Commercial Banking segment:

TABLE 24:  Commercial BankingFor the three months endedMarch 31,($ in millions)20252024Income Statement DataNet interest income (FTE)(a)$552 663 Provision for credit losses80 71 Noninterest income:Commercial payments revenue133 125 Capital markets fees90 96 Commercial banking revenue79 85 Other noninterest (loss) income(1)19 Noninterest expense:Compensation and benefits178 186 Net occupancy and equipment expense17 16 Other noninterest expense316 288 Income before income taxes (FTE)(a)$262 427 Average Balance Sheet DataCommercial loans and leases, including held for sale$68,406 67,489 Demand deposits15,929 17,654 Interest checking deposits39,937 39,599 Savings deposits131 153 Money market deposits4,666 4,480 Certificates of deposit31 69 

(a)Includes FTE adjustments of $3 and $4 for the three months ended March 31, 2025 and