FITB 8-K

Fifth Third Bancorp (FITB)

8-K 2026-01-20 For: 2026-01-20

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Added on April 10, 2026

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						FIFTH THIRD BANCORP
						(Registrant)

Date: January 20, 2026						/s/ Bryan D. Preston

						Bryan D. Preston
						Executive Vice President and Chief Financial Officer



Key Financial Data							Key Highlights

$ in millions for all balance sheet and income statement items
	4Q25		3Q25		4Q24		Stability: •Net charge-offs(b) of 40 bps in 4Q25; Commercial net charge-offs(b) of 27 bps •Loan-to-core deposit ratio of 72%; 4% demand deposit growth year-over-year •Strong profitability resulted in CET1(d)(e) increasing 20 bps to 10.77% Profitability: •Adjusted ROA(a) of 1.41% and adjusted ROTCE ex. AOCI(a) of 16.2% •Disciplined expense management; adjusted efficiency ratio(a) of 54.3%, an improvement of 50 bps year-over-year •Generated 230 bps of positive operating leverage in 2025 •Tangible book value per share(a) grew 21% year-over-year Growth: •5% loan growth compared to 4Q24; Middle market loan growth of 7% •Record NII of $6 billion increased 6% year-over-year •Consumer household growth of 2.5%, including 7% in the Southeast •Assets under management of $80B, up 16% compared to 4Q24

Income Statement Data
Net income available to common shareholders	$699		$608		$582
Net interest income (U.S. GAAP)	1,529		1,520		1,437
Net interest income (FTE)(a)	1,533		1,525		1,443
Noninterest income	811		781		732
Noninterest expense	1,309		1,267		1,226

Per Share Data
Earnings per share, basic	$1.05		$0.91		$0.86
Earnings per share, diluted	1.04		0.91		0.85
Book value per share	30.18		29.26		26.17
Tangible book value per share(a)	22.60		21.66		18.69

Balance Sheet & Credit Quality
Average portfolio loans and leases	$123,430		$123,326		$117,860
Average deposits	168,384		164,754		167,237
Accumulated other comprehensive loss	(3,110)		(3,276)		(4,636)
Net charge-off ratio(b)	0.40	%	1.09	%	0.46	%
Nonperforming asset ratio(c)	0.65		0.65		0.71

Financial Ratios
Return on average assets	1.36	%	1.21	%	1.17	%
Return on average common equity	14.0		12.6		13.0
Return on average tangible common equity(a)	19.0		17.3		18.4
CET1 capital(d)(e)	10.77		10.57		10.57
Net interest margin(a)	3.13		3.13		2.97
Efficiency(a)	55.8		54.9		56.4
Other than the Quarterly Financial Review tables beginning on page 14, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.


Income Statement Highlights
($ in millions, except per share data)	For the Three Months Ended			% Change
	December	September	December
	2025	2025	2024	Seq	Yr/Yr
Condensed Statements of Income
Net interest income (NII)(a)	$1,533	$1,525	$1,443	1%	6%
Provision for credit losses	119	197	179	(40)%	(34)%
Noninterest income	811	781	732	4%	11%
Noninterest expense	1,309	1,267	1,226	3%	7%
Income before income taxes(a)	$916	$842	$770	9%	19%

Taxable equivalent adjustment	$4	$5	$6	(20)%	(33)%
Applicable income tax expense	181	188	144	(4)%	26%
Net income	$731	$649	$620	13%	18%
Dividends on preferred stock	32	41	38	(22)%	(16)%
Net income available to common shareholders	$699	$608	$582	15%	20%
Earnings per share, diluted	$1.04	$0.91	$0.85	14%	22%



						Diluted earnings per share impact of certain item(s) - 4Q25

						(after-tax impact; $ in millions, except per share data)

						Fifth Third Foundation contribution(f)			$(38)
						Merger-related expenses(f)1			(13)
						Interchange litigation matters(f)2			(8)
						Benefit related to the resolution of certain tax matters			7
						Litigation settlements (noninterest income)(f)			9
						FDIC special assessment (noninterest expense)(f)			19

						After-tax impact of certain item(s)			$(24)

						Diluted earnings per share impact of certain item(s)3			$(0.04)

						Totals may not foot due to rounding; 1A portion of the adjustments related to merger-related expenses are not tax-deductible; 2Interchange litigation matters decreased noninterest income by $8 million and increased noninterest expense by $3 million; 3Diluted earnings per share impact reflects 669.153 million average diluted shares outstanding


Net Interest Income
(FTE; $ in millions)(a)	For the Three Months Ended						% Change
	December		September		December
	2025		2025		2024		Seq	Yr/Yr
Interest Income
Interest income	$2,472		$2,524		$2,534		(2)%	(2)%
Interest expense	939		999		1,091		(6)%	(14)%
Net interest income (NII)	$1,533		$1,525		$1,443		1%	6%


Average Yield/Rate Analysis							bps Change
Yield on interest-earning assets	5.05%	%	5.18%	%	5.21%	%	(13)	(16)
Rate paid on interest-bearing liabilities	2.60%	%	2.77%	%	3.00%	%	(17)	(40)

Ratios
Net interest rate spread	2.45%	%	2.41%	%	2.21%	%	4	24
Net interest margin (NIM)	3.13%	%	3.13%	%	2.97%	%	—	16


Noninterest Income
($ in millions)	For the Three Months Ended			% Change
	December	September	December
	2025	2025	2024	Seq	Yr/Yr
Noninterest Income
Wealth and asset management revenue	$185	$181	$163	2%	13%
Commercial payments revenue	167	157	155	6%	8%
Consumer banking revenue	143	144	137	(1)%	4%
Capital markets fees	121	115	123	5%	(2)%
Commercial banking revenue	102	87	109	17%	(6)%
Mortgage banking net revenue	56	58	57	(3)%	(2)%
Other noninterest income (loss)	42	29	(4)	45%	NM
Securities (losses) gains, net	(5)	10	(8)	NM	(38)%


Total noninterest income	$811	$781	$732	4%	11%


Noninterest Income excluding certain items
($ in millions)	For the Three Months Ended			% Change
	December	September	December
	2025	2025	2024	Seq	Yr/Yr
Noninterest Income excluding certain items
Noninterest income (U.S. GAAP)	$811	$781	$732
Interchange litigation matters	8	18	51
Litigation settlements	(12)	—	—
Securities (gains) losses, net	5	(10)	8
Noninterest income excluding certain items(a)	$812	$789	$791	3%	3%


Noninterest Expense excluding certain item(s)
($ in millions)	For the Three Months Ended			% Change
	December	September	December
	2025	2025	2024	Seq	Yr/Yr
Noninterest Expense excluding certain item(s)
Noninterest expense (U.S. GAAP)	$1,309	$1,267	$1,226
Fifth Third Foundation contribution	(50)	—	(15)
Merger-related expenses	(13)	—	—

FDIC special assessment	25	6	11
Interchange litigation matters	(3)	(9)	(4)

Noninterest expense excluding certain item(s)(a)	$1,268	$1,264	$1,218	—	4%
Non-qualified deferred compensation (expense)/benefit	5	(11)	7
Noninterest expense excluding certain item(s) and non-qualified deferred compensation(a)	$1,273	$1,253	$1,225	2%	4%


Average Interest-Earning Assets
($ in millions)	For the Three Months Ended			% Change
	December	September	December
	2025	2025	2024	Seq	Yr/Yr
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$53,947	$54,170	$51,567	—	5%
Commercial mortgage loans	12,079	12,027	11,792	—	2%
Commercial construction loans	5,399	5,541	5,702	(3)%	(5)%
Commercial leases	3,172	3,177	2,902	—	9%
Total commercial loans and leases	$74,597	$74,915	$71,963	—	4%
Consumer loans:
Residential mortgage loans	$17,660	$17,656	$17,322	—	2%
Home equity	4,769	4,579	4,125	4%	16%
Indirect secured consumer loans	17,879	17,729	16,100	1%	11%
Credit card	1,694	1,678	1,668	1%	2%
Solar energy installation loans	4,486	4,355	4,137	3%	8%
Other consumer loans	2,345	2,414	2,545	(3)%	(8)%
Total consumer loans	$48,833	$48,411	$45,897	1%	6%
Total average portfolio loans and leases	$123,430	$123,326	$117,860	—	5%

Average Loans and Leases Held for Sale
Commercial loans and leases held for sale	$19	$44	$48	(57)%	(60)%
Consumer loans held for sale	698	623	584	12%	20%
Total average loans and leases held for sale	$717	$667	$632	7%	13%

Total average loans and leases	$124,147	$123,993	$118,492	—	5%

Securities (taxable and tax-exempt)	$52,512	$54,592	$56,702	(4)%	(7)%
Other short-term investments	17,485	14,915	18,319	17%	(5)%
Total average interest-earning assets	$194,144	$193,500	$193,513	—	—


End of Period Interest-Earning Assets
($ in millions)	As of			% Change
	December	September	December
	2025	2025	2024	Seq	Yr/Yr
End of Period Portfolio Loans and Leases
Total commercial loans and leases	$73,562	$74,423	$73,293	(1)%	—
Total consumer loans	49,089	48,707	46,498	1%	6%
Total portfolio loans and leases	$122,651	$123,130	$119,791	—	2%

End of Period Loans and Leases Held for Sale


Total loans and leases held for sale	$733	$576	$640	27%	15%

Total loans and leases	$123,384	$123,706	$120,431	—	2%

Securities (taxable and tax-exempt)	$51,961	$52,680	$56,713	(1)%	(8)%
Other short-term investments	18,876	17,215	17,120	10%	10%
Total interest-earning assets	$194,221	$193,601	$194,264	—	—


Average Wholesale Funding
	($ in millions)	For the Three Months Ended			% Change
		December	September	December
		2025	2025	2024	Seq	Yr/Yr
	Average Wholesale Funding
	CDs over $250,0001	$1,948	$2,244	$2,531	(13)%	(23)%

	Federal funds purchased	204	198	223	3%	(9)%
	Securities sold under repurchase agreements	365	376	313	(3)%	17%
	FHLB advances	2,552	4,920	1,567	(48)%	63%
	Derivative collateral and other secured borrowings	84	82	76	2%	11%
	Long-term debt	13,700	14,001	15,492	(2)%	(12)%
	Total average wholesale funding	$18,853	$21,821	$20,202	(14)%	(7)%
	1CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively.


Credit Quality Summary
($ in millions)	As of and For the Three Months Ended
	December		September		June		March		December
	2025		2025		2025		2025		2024

Total nonaccrual portfolio loans and leases (NPLs)	$767		$768		$853		$966		$823
Repossessed property	11		12		8		9		9
OREO	19		21		25		21		21
Total nonperforming portfolio loans and leases and OREO (NPAs)	$797		$801		$886		$996		$853

NPL ratio(g)	0.62%	%	0.62%	%	0.70%	%	0.79%	%	0.69%	%
NPA ratio(c)	0.65%	%	0.65%	%	0.72%	%	0.81%	%	0.71%	%

Portfolio loans and leases 30-89 days past due (accrual)	$360		$348		$277		$385		$303
Portfolio loans and leases 90 days past due (accrual)	30		29		34		33		32

30-89 days past due as a % of portfolio loans and leases	0.29%	%	0.28%	%	0.23%	%	0.31%	%	0.25%	%
90 days past due as a % of portfolio loans and leases	0.02%	%	0.02%	%	0.03%	%	0.03%	%	0.03%	%

Allowance for loan and lease losses (ALLL), beginning	$2,265		$2,412		$2,384		$2,352		$2,305
Total net losses charged-off	(125)		(339)		(139)		(136)		(136)
Provision for loan and lease losses	113		192		167		168		183
ALLL, ending	$2,253		$2,265		$2,412		$2,384		$2,352

Reserve for unfunded commitments, beginning	$151		$146		$140		$134		$138
Provision for (benefit from) the reserve for unfunded commitments	6		5		6		6		(4)
Reserve for unfunded commitments, ending	$157		$151		$146		$140		$134

Total allowance for credit losses (ACL)	$2,410		$2,416		$2,558		$2,524		$2,486

ACL ratios:
As a % of portfolio loans and leases	1.96%	%	1.96%	%	2.09%	%	2.07%	%	2.08%	%
As a % of nonperforming portfolio loans and leases	314%	%	314%	%	300%	%	261%	%	302%	%
As a % of nonperforming portfolio assets	302%	%	302%	%	289%	%	253%	%	291%	%

ALLL as a % of portfolio loans and leases	1.84%	%	1.84%	%	1.97%	%	1.95%	%	1.96%	%

Total losses charged-off	$(177)		$(382)		$(194)		$(173)		$(175)
Total recoveries of losses previously charged-off	52		43		55		37		39
Total net losses charged-off	$(125)		$(339)		$(139)		$(136)		$(136)

Net charge-off ratio (NCO ratio)(b)	0.40%	%	1.09%	%	0.45%	%	0.46%	%	0.46%	%
Commercial NCO ratio	0.27%	%	1.46%	%	0.38%	%	0.35%	%	0.32%	%
Consumer NCO ratio	0.59%	%	0.52%	%	0.56%	%	0.63%	%	0.68%	%


Capital Position
	As of and For the Three Months Ended
	December		September		June		March		December
	2025		2025		2025		2025		2024
Capital Position
Average total Bancorp shareholders' equity as a % of average assets	10.11%	%	10.02%	%	9.82%	%	9.50%	%	9.40%	%
Tangible equity(a)	9.28%	%	9.12%	%	9.39%	%	9.07%	%	9.02%	%
Tangible common equity (excluding AOCI)(a)	8.46%	%	8.29%	%	8.38%	%	8.07%	%	8.03%	%
Tangible common equity (including AOCI)(a)	7.14%	%	6.89%	%	6.84%	%	6.40%	%	6.02%	%

Regulatory Capital Ratios(d)(e)
CET1 capital	10.77%	%	10.57%	%	10.58%	%	10.43%	%	10.57%	%
Tier 1 risk-based capital	11.82%	%	11.63%	%	11.85%	%	11.71%	%	11.86%	%
Total risk-based capital	13.73%	%	13.54%	%	13.77%	%	13.63%	%	13.86%	%
Leverage	9.42%	%	9.24%	%	9.42%	%	9.23%	%	9.22%	%




			Financial Highlights			14-15
			Consolidated Statements of Income			16-17
			Consolidated Balance Sheets			18-19
			Consolidated Statements of Changes in Equity			20
			Average Balance Sheets and Yield/Rate Analysis			21-22
			Summary of Loans and Leases			23
			Regulatory Capital			24
			Summary of Credit Loss Experience			25
			Asset Quality			26
			Non-GAAP Reconciliation			27-29
			Segment Presentation			30


Fifth Third Bancorp and Subsidiaries
Financial Highlights		As of and For the Three Months Ended						% / bps								% / bps
$ in millions, except per share data								Change				Year to Date				Change
(unaudited)		December		September		December						December		December
		2025		2025		2024		Seq		Yr/Yr		2025		2024		Yr/Yr
Income Statement Data
Net interest income		$1,529		$1,520		$1,437		1%		6%		$5,982		$5,630		6%
Net interest income (FTE)(a)		1,533		1,525		1,443		1%		6%		6,002		5,654		6%
Noninterest income		811		781		732		4%		11%		3,035		2,849		7%
	Total revenue (FTE)(a)	2,344		2,306		2,175		2%		8%		9,037		8,503		6%
Provision for credit losses		119		197		179		(40%)		(34%)		662		530		25%
Noninterest expense		1,309		1,267		1,226		3%		7%		5,144		5,033		2%
Net income		731		649		620		13%		18%		2,522		2,314		9%
Net income available to common shareholders		699		608		582		15%		20%		2,376		2,155		10%

Earnings Per Share Data
Net income allocated to common shareholders		$699		$608		$582		15%		20%		$2,376		$2,155		10%
Average common shares outstanding (in thousands):
	Basic	664,384		666,427		675,307		—		(2%)		668,140		682,161		(2%)
	Diluted	669,153		670,878		681,456		—		(2%)		672,503		687,301		(2%)
Earnings per share, basic		$1.05		$0.91		$0.86		15%		22%		$3.56		$3.16		13%
Earnings per share, diluted		1.04		0.91		0.85		14%		22%		3.53		3.14		12%

Common Share Data
Cash dividends per common share		$0.40		$0.40		$0.37		—		8%		$1.54		$1.44		7%
Book value per share		30.18		29.26		26.17		3%		15%		30.18		26.17		15%
Market value per share		46.81		44.55		42.28		5%		11%		46.81		42.28		11%
Common shares outstanding (in thousands)		661,198		660,973		669,854		—		(1%)		661,198		669,854		(1%)
Market capitalization		$30,951		$29,446		$28,321		5%		9%		$30,951		$28,321		9%

Financial Ratios
Return on average assets		1.36%	%	1.21%	%	1.17%	%	15		19		1.19%	%	1.09%	%	10
Return on average common equity		14.0%	%	12.6%	%	13.0%	%	140		100		12.6%	%	12.5%	%	10
Return on average tangible common equity(a)		19.0%	%	17.3%	%	18.4%	%	170		60		17.4%	%	17.8%	%	(40)
Noninterest income as a percent of total revenue(a)		35%	%	34%	%	34%	%	100		100		34%	%	34%	%	—
Dividend payout		38.1%	%	44.0%	%	43.0%	%	(590)		(490)		43.3%	%	45.6%	%	(230)
Average total Bancorp shareholders’ equity as a percent of average assets		10.11%	%	10.02%	%	9.40%	%	9		71		9.86%	%	9.12%	%	74
Tangible common equity(a)		8.46%	%	8.29%	%	8.03%	%	17		43		8.46%	%	8.03%	%	43
Net interest margin (FTE)(a)		3.13%	%	3.13%	%	2.97%	%	—		16		3.11%	%	2.90%	%	21
Efficiency (FTE)(a)		55.8%	%	54.9%	%	56.4%	%	90		(60)		56.9%	%	59.2%	%	(230)
Effective tax rate		19.8%	%	22.6%	%	18.8%	%	(280)		100		21.4%	%	20.6%	%	80

Credit Quality
Net losses charged-off		$125		$339		$136		(63%)	%)	(8%)	%)	$738		$532		39%	%
Net losses charged-off as a percent of average portfolio loans and leases (annualized)		0.40%	%	1.09%	%	0.46%	%	(69)		(6)		0.60%	%	0.45%	%	15
ALLL as a percent of portfolio loans and leases		1.84%	%	1.84%	%	1.96%	%	—		(12)		1.84%	%	1.96%	%	(12)
ACL as a percent of portfolio loans and leases(g)		1.96%	%	1.96%	%	2.08%	%	—		(12)		1.96%	%	2.08%	%	(12)
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO		0.65%	%	0.65%	%	0.71%	%	—		(6)		0.65%	%	0.71%	%	(6)

Average Balances
Loans and leases, including held for sale		$124,147		$123,993		$118,492		—		5%		$123,399		$117,724		5%
Securities and other short-term investments		69,997		69,507		75,021		1%		(7%)		69,889		77,076		(9%)
Assets		213,021		211,770		211,709		1%		1%		211,483		212,806		(1%)
Transaction deposits(b)		155,895		151,669		154,114		3%		1%		152,479		152,830		—
Core deposits(c)		166,436		162,510		164,706		2%		1%		163,044		163,367		—
Wholesale funding(d)		18,853		21,821		20,202		(14%)		(7%)		21,332		23,135		(8%)
Bancorp shareholders' equity		21,527		21,216		19,893		1%		8%		20,858		19,398		8%

Regulatory Capital Ratios(e)(f)
CET1 capital		10.77%	%	10.57%	%	10.57%	%	20		20		10.77%	%	10.57%	%	20
Tier 1 risk-based capital		11.82%	%	11.63%	%	11.86%	%	19		(4)		11.82%	%	11.86%	%	(4)
Total risk-based capital		13.73%	%	13.54%	%	13.86%	%	19		(13)		13.73%	%	13.86%	%	(13)
Leverage		9.42%	%	9.24%	%	9.22%	%	18		20		9.42%	%	9.22%	%	20

Additional Metrics
Banking centers		1,130		1,102		1,089		3%		4%		1,130		1,089		4%
ATMs		2,199		2,184		2,080		1%		6%		2,199		2,080		6%
Full-time equivalent employees		18,676		18,476		18,616		1%		—		18,676		18,616		—
Assets under care ($ in billions)(h)		$690		$681		$634		1%		9%		$690		$634		9%
Assets under management ($ in billions)(h)		80		77		69		4%		16%		80		69		16%


Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share data	As of			% Change
(unaudited)	December	September	December
	2025	2025	2024	Seq	Yr/Yr
Assets
Cash and due from banks	$3,499	$2,901	$3,014	21%	16%
Other short-term investments	18,876	17,215	17,120	10%	10%
Available-for-sale debt and other securities(a)	36,159	36,461	39,547	(1%)	(9%)
Held-to-maturity securities(b)	11,368	11,498	11,278	(1%)	1%
Trading debt securities	1,057	1,266	1,185	(17%)	(11%)
Equity securities	453	287	341	58%	33%
Loans and leases held for sale	733	576	640	27%	15%
Portfolio loans and leases:
Commercial and industrial loans	52,749	53,947	52,271	(2%)	1%
Commercial mortgage loans	12,228	11,932	12,246	2%	—
Commercial construction loans	5,316	5,326	5,588	—	(5%)
Commercial leases	3,269	3,218	3,188	2%	3%
Total commercial loans and leases	73,562	74,423	73,293	(1%)	—
Residential mortgage loans	17,652	17,644	17,543	—	1%
Home equity	4,846	4,678	4,188	4%	16%
Indirect secured consumer loans	17,964	17,885	16,313	—	10%
Credit card	1,747	1,692	1,734	3%	1%
Solar energy installation loans	4,560	4,432	4,202	3%	9%
Other consumer loans	2,320	2,376	2,518	(2%)	(8%)
Total consumer loans	49,089	48,707	46,498	1%	6%
Portfolio loans and leases	122,651	123,130	119,791	—	2%
Allowance for loan and lease losses	(2,253)	(2,265)	(2,352)	(1%)	(4%)
Portfolio loans and leases, net	120,398	120,865	117,439	—	3%
Bank premises and equipment	2,734	2,655	2,475	3%	10%
Operating lease equipment	374	379	319	(1%)	17%
Goodwill	4,947	4,947	4,918	—	1%
Intangible assets	69	76	90	(9%)	(23%)
Servicing rights	1,598	1,601	1,704	—	(6%)
Other assets	12,111	12,176	12,857	(1%)	(6%)
Total Assets	$214,376	$212,903	$212,927	1%	1%

Liabilities
Deposits:


Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share data	As of
(unaudited)	December	September	June	March	December
	2025	2025	2025	2025	2024
Assets
Cash and due from banks	$3,499	$2,901	$2,972	$3,009	$3,014
Other short-term investments	18,876	17,215	13,043	14,965	17,120
Available-for-sale debt and other securities(a)	36,159	36,461	38,270	39,747	39,547
Held-to-maturity securities(b)	11,368	11,498	11,630	11,185	11,278
Trading debt securities	1,057	1,266	1,324	1,159	1,185
Equity securities	453	287	404	494	341
Loans and leases held for sale	733	576	646	473	640
Portfolio loans and leases:
Commercial and industrial loans	52,749	53,947	53,312	53,700	52,271
Commercial mortgage loans	12,228	11,932	12,112	12,357	12,246
Commercial construction loans	5,316	5,326	5,551	5,952	5,588
Commercial leases	3,269	3,218	3,177	3,128	3,188
Total commercial loans and leases	73,562	74,423	74,152	75,137	73,293
Residential mortgage loans	17,652	17,644	17,681	17,581	17,543
Home equity	4,846	4,678	4,485	4,265	4,188
Indirect secured consumer loans	17,964	17,885	17,591	16,804	16,313
Credit card	1,747	1,692	1,707	1,660	1,734
Solar energy installation loans	4,560	4,432	4,316	4,262	4,202
Other consumer loans	2,320	2,376	2,464	2,482	2,518
Total consumer loans	49,089	48,707	48,244	47,054	46,498
Portfolio loans and leases	122,651	123,130	122,396	122,191	119,791
Allowance for loan and lease losses	(2,253)	(2,265)	(2,412)	(2,384)	(2,352)
Portfolio loans and leases, net	120,398	120,865	119,984	119,807	117,439
Bank premises and equipment	2,734	2,655	2,560	2,506	2,475
Operating lease equipment	374	379	344	314	319
Goodwill	4,947	4,947	4,918	4,918	4,918
Intangible assets	69	76	75	82	90
Servicing rights	1,598	1,601	1,629	1,663	1,704
Other assets	12,111	12,176	12,192	12,347	12,857
Total Assets	$214,376	$212,903	$209,991	$212,669	$212,927

Liabilities
Deposits:


Fifth Third Bancorp and Subsidiaries
Average Balance Sheets and Yield/Rate Analysis	Year to Date
$ in millions	December			December
(unaudited)	2025			2024
	Average	Average		Average	Average
	Balance	Yield/Rate		Balance	Yield/Rate
Assets
Interest-earning assets:
Loans and leases:
Commercial and industrial loans(a)	$53,927	6.16%	%	$52,210	7.00%	%
Commercial mortgage loans(a)	12,232	6.08%	%	11,501	6.14%	%
Commercial construction loans(a)	5,639	7.02%	%	5,835	7.02%	%
Commercial leases(a)	3,145	4.75%	%	2,677	4.44%	%
Total commercial loans and leases	74,943	6.15%	%	72,223	6.77%	%
Residential mortgage loans	18,194	4.00%	%	17,537	3.68%	%
Home equity	4,491	7.40%	%	4,002	8.25%	%
Indirect secured consumer loans	17,338	5.62%	%	15,583	5.27%	%
Credit card	1,665	14.34%	%	1,719	13.70%	%
Solar energy installation loans	4,333	8.48%	%	3,960	8.04%	%
Other consumer loans	2,435	9.26%	%	2,700	9.19%	%
Total consumer loans	48,456	5.91%	%	45,501	5.71%	%
Total loans and leases	123,399	6.06%	%	117,724	6.36%	%
Securities:
Taxable securities	53,613	3.27%	%	55,227	3.26%	%
Tax exempt securities(a)	1,361	3.17%	%	1,392	3.25%	%
Other short-term investments	14,915	4.37%	%	20,457	5.43%	%
Total interest-earning assets	193,288	5.13%	%	194,800	5.36%	%
Cash and due from banks	2,508			2,677
Other assets	18,040			17,637
Allowance for loan and lease losses	(2,353)			(2,308)
Total Assets	$211,483			$212,806

Liabilities
Interest-bearing liabilities:
Interest checking deposits	$57,484	2.63%	%	$58,757	3.28%	%
Savings deposits	16,663	0.47%	%	17,594	0.68%	%
Money market deposits	37,406	2.41%	%	36,165	2.90%	%
CDs $250,000 or less	10,565	3.50%	%	10,537	4.10%	%
Total interest-bearing core deposits	122,118	2.34%	%	123,053	2.87%	%


Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ and shares in millions		As of and For the Three Months Ended
(unaudited)		December		September		June		March		December
		2025		2025		2025		2025		2024
Net interest income		$1,529		$1,520		$1,495		$1,437		$1,437
Add: Taxable equivalent adjustment		4		5		5		5		6
Net interest income (FTE) (a)		1,533		1,525		1,500		1,442		1,443

Net interest income (annualized) (b)		6,066		6,030		5,996		5,828		5,717
Net interest income (FTE) (annualized) (c)		6,082		6,050		6,016		5,848		5,741

Interest income		2,468		2,519		2,484		2,432		2,528
Add: Taxable equivalent adjustment		4		5		5		5		6
Interest income (FTE)		2,472		2,524		2,489		2,437		2,534
Interest income (FTE) (annualized) (d)		9,807		10,014		9,983		9,883		10,081

Interest expense (annualized) (e)		3,725		3,963		3,967		4,035		4,340
Average interest-earning assets (f)		194,144		193,500		192,682		192,808		193,513
Average interest-bearing liabilities (g)		143,518		143,096		142,913		144,285		144,771

Net interest margin (b) / (f)		3.12 %	%	3.12 %	%	3.11 %	%	3.02 %	%	2.95 %	%
Net interest margin (FTE) (c) / (f)		3.13 %	%	3.13 %	%	3.12 %	%	3.03 %	%	2.97 %	%
Net interest rate spread (FTE) (d) / (f) - (e) / (g)		2.45 %	%	2.41 %	%	2.40 %	%	2.33 %	%	2.21 %	%

Income before income taxes		$912		$837		$808		$653		$764
Add: Taxable equivalent adjustment		4		5		5		5		6
Income before income taxes (FTE)		916		842		813		658		770

Net income available to common shareholders		699		608		591		478		582
Add: Intangible amortization, net of tax		5		5		5		6		7
Tangible net income available to common shareholders (h)		704		613		596		484		589
Tangible net income available to common shareholders (annualized) (i)		2,793		2,432		2,391		1,963		2,343

Average Bancorp shareholders’ equity		21,527		21,216		20,670		20,000		19,893
Less:	Average preferred stock	(1,770)		(2,112)		(2,116)		(2,116)		(2,116)
	Average goodwill	(4,947)		(4,937)		(4,918)		(4,918)		(4,918)
	Average intangible assets	(72)		(77)		(79)		(86)		(94)
Average tangible common equity, including AOCI (j)		14,738		14,090		13,557		12,880		12,765
Less:	Average AOCI	3,137		3,520		3,935		4,362		4,292
Average tangible common equity, excluding AOCI (k)		17,875		17,610		17,492		17,242		17,057

Total Bancorp shareholders’ equity		21,724		21,107		21,124		20,403		19,645
Less:	Preferred stock	(1,770)		(1,770)		(2,116)		(2,116)		(2,116)
	Goodwill	(4,947)		(4,947)		(4,918)		(4,918)		(4,918)
	Intangible assets	(69)		(76)		(75)		(82)		(90)
Tangible common equity, including AOCI (l)		14,938		14,314		14,015		13,287		12,521
Less:	AOCI	3,110		3,276		3,546		3,895		4,636
Tangible common equity, excluding AOCI (m)		18,048		17,590		17,561		17,182		17,157
Add:	Preferred stock	1,770		1,770		2,116		2,116		2,116
Tangible equity (n)		19,818		19,360		19,677		19,298		19,273

Total assets		214,376		212,903		209,991		212,669		212,927
Less:	Goodwill	(4,947)		(4,947)		(4,918)		(4,918)		(4,918)
	Intangible assets	(69)		(76)		(75)		(82)		(90)
Tangible assets, including AOCI (o)		209,360		207,880		204,998		207,669		207,919
Less:	AOCI, before tax	4,092		4,311		4,666		5,125		5,868
Tangible assets, excluding AOCI (p)		$213,452		$212,191		$209,664		$212,794		$213,787

Common shares outstanding (q)		661		661		668		667		670

Tangible equity (n) / (p)		9.28%	%	9.12%	%	9.39%	%	9.07%	%	9.02%	%
Tangible common equity (excluding AOCI) (m) / (p)		8.46%	%	8.29%	%	8.38%	%	8.07%	%	8.03%	%
Tangible common equity (including AOCI) (l) / (o)		7.14%	%	6.89%	%	6.84%	%	6.40%	%	6.02%	%
Tangible book value per share (including AOCI) (l) / (q)		$22.60		$21.66		$20.98		$19.92		$18.69
Tangible book value per share (excluding AOCI) (m) / (q)		$27.30		$26.61		$26.29		$25.76		$25.61


Fifth Third Bancorp and Subsidiaries
Segment Presentation(b)
$ in millions
(unaudited)

For the three months ended December 31, 2025	Commercial Banking	Consumer and Small Business Banking	Wealth and Asset Management	General Corporate and Other	Total

Net interest income (FTE)(a)	$581	$1,026	$52	$(126)	$1,533
(Provision for) benefit from credit losses	(46)	(84)	—	11	(119)
Net interest income after (provision for) benefit from credit losses	535	942	52	(115)	1,414
Noninterest income	386	311	111	3	811
Noninterest expense	(476)	(645)	(97)	(91)	(1,309)
Income (loss) before income taxes (FTE)(a)	$445	$608	$66	$(203)	$916



For the three months ended September 30, 2025	Commercial Banking	Consumer and Small Business Banking	Wealth and Asset Management	General Corporate and Other	Total

Net interest income (FTE)(a)	$594	$1,082	$55	$(206)	$1,525
(Provision for) benefit from credit losses	(246)	(73)	—	122	(197)
Net interest income after (provision for) benefit from credit losses	348	1,009	55	(84)	1,328
Noninterest income	357	309	109	6	781
Noninterest expense	(454)	(653)	(93)	(67)	(1,267)
Income (loss) before income taxes (FTE)(a)	$251	$665	$71	$(145)	$842



For the three months ended June 30, 2025	Commercial Banking	Consumer and Small Business Banking	Wealth and Asset Management	General Corporate and Other	Total

Net interest income (FTE)(a)	$595	$1,085	$57	$(237)	$1,500
(Provision for) benefit from credit losses	(79)	(84)	2	(12)	(173)
Net interest income after (provision for) benefit from credit losses	516	1,001	59	(249)	1,327
Noninterest income	321	293	101	35	750
Noninterest expense	(453)	(646)	(95)	(70)	(1,264)
Income (loss) before income taxes (FTE)(a)	$384	$648	$65	$(284)	$813



For the three months ended March 31, 2025	Commercial Banking	Consumer and Small Business Banking	Wealth and Asset Management	General Corporate and Other	Total

Net interest income (FTE)(a)	$552	$975	$49	$(134)	$1,442
Provision for credit losses	(80)	(84)	—	(10)	(174)
Net interest income after provision for credit losses	472	891	49	(144)	1,268
Noninterest income	301	281	109	3	694
Noninterest expense	(511)	(650)	(106)	(37)	(1,304)
Income (loss) before income taxes (FTE)(a)	$262	$522	$52	$(178)	$658



For the three months ended December 31, 2024	Commercial Banking	Consumer and Small Business Banking	Wealth and Asset Management	General Corporate and Other	Total

Net interest income (FTE)(a)	$598	$984	$48	$(187)	$1,443
Provision for credit losses	(21)	(89)	—	(69)	(179)
Net interest income after provision for credit losses	577	895	48	(256)	1,264
Noninterest income	373	278	103	(22)	732
Noninterest expense	(452)	(617)	(94)	(63)	(1,226)
Income (loss) before income taxes (FTE)(a)	$498	$556	$57	$(341)	$770


(a) Includes taxable equivalent adjustments of $4 million for the three months ended December 31, 2025, $5 million for the three months ended September 30, 2025, June 30, 2025 and March 31, 2025 and $6 million for the three months ended December 31, 2024.
(b) During the first quarter of 2025, the Bancorp realigned its reporting structure and moved certain business banking customer relationships and relationship management personnel to the Consumer and Small Business Banking segment from the Commercial Banking segment. Prior period results have been adjusted to reflect current presentation.