Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 37

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 37
---
153,154 CDs $250,000 or less10,841 10,543 Total core deposits$162,510 163,697 CDs over $250,000(a)2,244 3,499 Total average deposits$164,754 167,196 

(a)Includes $1.0 billion and $2.6 billion of retail brokered CDs which are fully covered by FDIC insurance for the three months ended September 30, 2025 and 2024, respectively.

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

23

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

On an average basis, core deposits decreased $1.2 billion, or 1%, for the three months ended September 30, 2025 compared to the same period in the prior year primarily due to decreases in average transaction deposits partially offset by an increase in average CDs $250,000 or less. Average transaction deposits decreased $1.5 billion, or 1%, for the three months ended September 30, 2025 compared to the same period in the prior year primarily driven by decreases in average interest checking deposits and average savings deposits, partially offset by an increase in average demand deposits. Average interest checking deposits decreased $2.0 billion, or 3%, for the three months ended September 30, 2025 compared to the same period in the prior year primarily due to lower average balances per customer account and a decrease in derivative collateral held as a result of lower interest rates. Average savings deposits decreased $896 million, or 5%, for the three months ended September 30, 2025 compared to the same period in the prior year primarily due to lower average balances per consumer customer accounts as well as a decrease in the number of consumer customer accounts partially driven by the impact of consumer preferences for products with higher offering rates. Average demand deposits increased $1.2 billion, or 3%, for the three months ended September 30, 2025 compared to the same period in the prior year primarily as a result of an increase in the number of customer accounts and average balances per customer account. Average CDs $250,000 or less increased $298 million, or 3%, for the three months ended September 30, 2025 compared to the same period in the prior year primarily due to higher offering rates.

Average