Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 35

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 35
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 held-to-maturity securities$11,498 11,506 6.53.52  %

(a)Taxable-equivalent yield adjustments included in the above table are 0.01%, 0.05%, 0.63% and 0.08% for securities with an average life between 1 and 5 years, average life between 5 and 10 years, average life greater than 10 years and in total, respectively.

(b)Includes a discount of $774 pertaining to the unamortized portion of unrealized losses on HTM securities.

Other Short-Term Investments

Other short-term investments have original maturities less than one year and primarily include interest-bearing balances that are funds on deposit at the FRB or other depository institutions. The Bancorp uses other short-term investments to manage liquidity risk. Other short-term investments were $17.2 billion at September 30, 2025, an increase of $95 million from December 31, 2024. This increase was primarily driven by proactive price and liquidity risk management that resulted in a decrease in investment securities partially offset by an increase in loans and leases and a decrease in deposits during the nine months ended September 30, 2025.

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

Deposits

The Bancorp’s deposit balances represent an important source of funding and revenue growth opportunity. The Bancorp continues to focus on core deposit growth in its retail and commercial franchises by improving customer satisfaction, building full relationships and offering competitive rates and through its strategy of expanding retail presence in high-growth markets, such as in the Southeast. Average core deposits represented 77% of average total assets for both the three months ended September 30, 2025 and 2024.

The following table presents the end of period components of deposits:

TABLE 19:  Components of DepositsAs of ($ in millions)September 30, 2025December 31, 2024Demand$41,830 41,038 Interest checking(b)57,239 59,306 Savings16,110 17,147 Money market38,748 36,605 Total transaction deposits$153,927 154,096 CDs $250,000 or less10,667 10,798 Total core deposits$164,594 164,894 CDs over $250,000(a)1,975 2,358 Total