Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 145

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 145
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Net income available to common shareholders$478 480 Average common shares outstanding - basic671 686 Effect of dilutive stock-based awards5 5 Average common shares outstanding - diluted$676 691 Earnings per share - basic$0.71 0.70 Earnings per share - diluted0.71 0.70 Anti-dilutive stock-based awards excluded from diluted shares2 3 

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

17.  Accumulated Other Comprehensive Income

The tables below present the activity of the components of OCI and AOCI for the three months ended:Total OCI Total AOCI March 31, 2025 ($ in millions)Pre-tax ActivityTaxEffectNetActivityBeginning BalanceNetActivityEndingBalanceUnrealized holding gains on available-for-sale debt securities arising during period$633 (152)481 Reclassification adjustment for net gains on available-for-sale debt securities included in net income— — — Net unrealized losses on available-for-sale debt securities633 (152)481 (3,280)481 (2,799)Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income32 (7)25 Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities32 (7)25 (684)25 (659)Unrealized holding gains on cash flow hedge derivatives arising during period253 (60)193 Reclassification adjustment for net losses on cash flow hedge derivatives included in net income56 (14)42 Net unrealized losses on cash flow hedge derivatives309 (74)235 (654)235 (419)Defined benefit pension plans, net— — — (16)— (16)Other— — — (2)— (2)Total$974 (233)741 (4,636)741 (3,895)Total OCI Total AOCI March 31, 2024 ($ in millions)Pre-tax ActivityTaxEffectNetActivityBeginning BalanceNetActivityEndingBalanceUnrealized holding losses on available-for-sale debt securities arising during period$(236)54 (182)Unrealized losses on available-for-sale debt securities transferred to    held-to-maturity securities994 (209)785 Reclassification adjustment for