Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 37

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 37
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 and December 31, 2024, approximately $100.3 billion, or 61%, and $100.6 billion, or 60%, respectively, of the Bancorp’s domestic deposits were estimated to be insured. As of June 30, 2025 and December 31, 2024, approximately $63.8 billion and $66.5 billion, respectively, of the Bancorp’s domestic deposits were estimated to be uninsured. At June 30, 2025 and December 31, 2024, approximately $1.2 billion and $1.1 billion, respectively, of time deposits were estimated to be uninsured. Where information is not readily available to determine the amount of insured deposits, the amount of uninsured deposits is estimated, consistent with the methodologies and assumptions utilized in providing information to the Bank’s regulators.

24

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

Borrowings

The Bancorp accesses a variety of short-term and long-term funding sources. Borrowings with original maturities of one year or less are classified as short-term and include federal funds purchased and other short-term borrowings. Total average borrowings as a percent of average interest-bearing liabilities were 14% and 13% for the three months ended June 30, 2025 and 2024, respectively.

The following table summarizes the end of period components of borrowings:

TABLE 22:  Components of BorrowingsAs of ($ in millions)June 30,2025December 31,2024Federal funds purchased$178 204 Other short-term borrowings3,393 4,450 Long-term debt14,492 14,337 Total borrowings$18,063 18,991 

Total borrowings decreased $928 million, or 5%, from December 31, 2024 primarily due to a decrease in other short-term borrowings. Other short-term borrowings decreased $1.1 billion from December 31, 2024 primarily due to proactive liability management resulting in lower other short-term investments. The level of other short-term borrowings can fluctuate significantly from period to period depending on funding needs and the sources that are used to satisfy those needs. For further information on the components of other short-term borrowings, refer to Note 10 of the Notes to Condensed Consolidated Financial Statements. 

The following table summarizes components of average borrowings for the three months ended:

TABLE 23:  Components of Average