Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 344

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 344
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1,946 3,287 162 (1,185)4,210 Provision for (benefit from) credit losses284 232 — (165)351 Net interest income after provision for (benefit from) credit losses$1,662 3,055 162 (1,020)3,859 Noninterest income:Wealth and asset management revenue$2 185 296 — 483 Commercial payments revenue386 65 1 1 453 Consumer banking revenue— 415 2 1 418 Capital markets fees298 2 1 — 301 Commercial banking revenue265 2 — — 267 Mortgage banking net revenue— 153 1 — 154 Other noninterest income (loss)42 5 1 (30)18 Securities gains, net3 — — 20 23 Total noninterest income$996 827 302 (8)2,117 Noninterest expense:Compensation and benefits$487 675 168 769 2,099 Technology and communications10 22 1 318 351 Net occupancy expense26 160 9 56 251 Equipment expense21 38 — 55 114 Loan and lease expense20 61 — 15 96 Marketing expense2 55 1 34 92 Card and processing expense6 57 1 (1)63 Other noninterest expense(b)822 834 112 (1,027)741 Total noninterest expense$1,394 1,902 292 219 3,807 Income (loss) before income taxes (FTE)(a)$1,264 1,980 172 (1,247)2,169 Average assets$76,621 51,920 4,357 80,276 213,174 (a)Includes FTE adjustments of $11 for Commercial Banking and $7 for General Corporate and Other.(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.

20.  Subsequent Event

On October 5, 2025, Fifth Third Bancorp and Comerica Incorporated entered into a definitive merger agreement (“the Comerica Merger”) under which,