Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 248

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 248
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 derived from the Bancorp’s Annual Report on Form 10-K.The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

2.  Supplemental Cash Flow Information

Cash payments related to interest and income taxes, non-cash investing and financing activities as well as supplemental disclosures related to lease cash flows are presented in the following table for the six months ended June 30:($ in millions)20252024Cash Payments:Interest$2,017 2,492 Income taxes18 79 Transfers:Portfolio loans and leases to loans and leases held for sale$138 135 Loans and leases held for sale to portfolio loans and leases2 2 Portfolio loans and leases to OREO11 9 Bank premises and equipment to OREO12 6 Available-for-sale debt securities to held-to-maturity securities(a)— 11,593 Supplemental Disclosures:Net additions to lease liabilities under operating leases$100 41 Net additions to lease liabilities under finance leases— 45 Lease payments received for operating lease equipment41 54 Cash Paid for Amounts Included in the Measurement of Lease Liabilities:(b)Operating cash flows from operating leases$48 47 Operating cash flows from finance leases 3 3 Financing cash flows from finance leases 8 9 (a)Represents the fair value of the securities on the date of transfer. Refer to Note 4 for additional information.(b)The cash flows related to short-term and variable lease payments are not included in the amounts presented as they were not included in the measurement of lease liabilities.

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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

3.  Accounting and Reporting Developments

Standard Adopted in 2025The Bancorp adopted the following new accounting standard during the six months ended June 30, 2025:ASU 2023-09 – Income Taxes (Topic 740): Improvements to Income Tax DisclosuresIn December 2023, the FASB issued ASU 2023-09, which amends the disclosure requirements for income taxes. The amendments primarily include new requirements to disclose additional information as part of the reconciliation of the effective tax rate to statutory tax rates, provide the amount of income taxes paid, net of refunds received,