Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 18

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 18
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 6.02 56 2 7.05 1 (1)— Long-term debt14,592 390 5.37 15,563 444 5.74 (26)(28)(54)Total interest-bearing liabilities$143,595 1,985 2.79 %$146,447 2,457 3.37 %$(53)(419)(472)Demand deposits40,339 40,552 Other liabilities6,285 7,123 Total liabilities$190,219 $194,122 Total equity$20,337 $18,717 Total liabilities and equity$210,556 $212,839 Net interest income (FTE)(c)$2,942 $2,783 $14 145 159 Net interest margin (FTE)(c)3.08 %2.87 %Net interest rate spread (FTE)(c)2.36 2.04 Interest-bearing liabilities to interest-earning assets74.50 75.13 

(a)Changes in interest not solely due to volume or yield/rate are allocated in proportion to the absolute dollar amount of change in volume and yield/rate.

(b)The FTE adjustments included in the above table were $10 and $12 for the six months ended June 30, 2025 and 2024, respectively.

(c)This is a non-GAAP measure. For further information, refer to the Non-GAAP Financial Measures section of MD&A.

(d)Effective January 1, 2025, foreign office deposits are included in interest checking. Prior periods have been adjusted to conform to current period presentation.

12

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

Provision for Credit Losses

The Bancorp provides, as an expense, an amount for expected credit losses within the loan and lease portfolio and the portfolio of unfunded commitments that is based on factors discussed in the Critical Accounting Policies section of the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024. 

The provision for credit losses was $173 million and $347 million for the three and six months ended June 30, 2025, respectively, compared to $97 million and $191 million during the same periods in the prior year. Provision expense for the three and six months ended June 30, 2025 was affected by factors