Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 219

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 219
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12 91 149 Securities gains (losses), net15 18 (84)Total noninterest income2,849 2,881 2,766 Noninterest Expense(a)Compensation and benefits2,763 2,694 2,554 Technology and communications474 464 416 Net occupancy expense339 331 307 Equipment expense153 148 145 Loan and lease expense132 133 167 Marketing expense115 126 118 Card and processing expense84 84 80 Other noninterest expense973 1,225 932 Total noninterest expense5,033 5,205 4,719 Income Before Income Taxes2,916 2,988 3,093 Applicable income tax expense602 639 647 Net Income2,314 2,349 2,446 Dividends on preferred stock159 137 116 Net Income Available to Common Shareholders$2,155 2,212 2,330 Earnings per share - basic$3.16 3.23 3.38 Earnings per share - diluted$3.14 3.22 3.35 Average common shares outstanding - basic682,160,985 684,172,079 688,633,659 Average common shares outstanding - diluted687,300,837 687,678,291 694,952,038 

(a)During the fourth quarter of 2024, certain noninterest income and noninterest expense line items were reclassified to better align disclosures to business activities. These reclassifications were retrospectively applied to all prior periods presented. Total noninterest income and noninterest expense did not change as a result of these reclassifications. Refer to Note 1 for additional information.

Refer to the Notes to Consolidated Financial Statements.

109 Fifth Third Bancorp

Table of ContentsCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

For the years ended December 31 ($ in millions)202420232022Net Income$2,314 2,349 2,446 Other Comprehensive (Loss) Income, Net of Tax:Net unrealized losses on available-for-sale debt securities:Unrealized holding gains (losses) arising during the year15 494 (5,478)Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities785 — — Reclassification adjustment for net losses (