Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 242

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 242
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 2,580 Noninterest IncomeWealth and asset management revenue166 159 338 320 Commercial payments revenue152 154 305 298 Consumer banking revenue147 139 284 275 Capital markets fees90 93 179 190 Commercial banking revenue79 90 160 174 Mortgage banking net revenue56 50 113 104 Other noninterest income44 7 58 32 Securities gains, net16 3 7 13 Total noninterest income750 695 1,444 1,406 Noninterest ExpenseCompensation and benefits698 656 1,447 1,409 Technology and communications126 114 250 231 Net occupancy expense83 83 171 170 Equipment expense41 38 82 76 Marketing expense43 34 71 66 Loan and lease expense36 33 66 62 Card and processing expense22 21 43 41 Other noninterest expense215 242 438 507 Total noninterest expense1,264 1,221 2,568 2,562 Income Before Income Taxes808 764 1,461 1,424 Applicable income tax expense180 163 319 302 Net Income628 601 1,142 1,122 Dividends on preferred stock37 40 73 81 Net Income Available to Common Shareholders$591 561 1,069 1,041 Earnings per share - basic$0.88 0.82 1.59 1.52 Earnings per share - diluted$0.88 0.81 1.58 1.51 Average common shares outstanding - basic670,787,224 686,781,201 670,919,040 686,265,437 Average common shares outstanding - diluted674,034,313 691,082,792 675,031,656 690,858,162 

Refer to the Notes to Condensed Consolidated Financial Statements.

60

Fifth Third Bancorp and SubsidiariesCondensed Consolidated Financial Statements and Notes (continued)CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited)For the three months endedJune 30,For the six months endedJune 30,($ in millions)2025202420252024Net Income$628 601