FITB 8-K

Fifth Third Bancorp (FITB)

8-K 2025-10-17 For: 2025-10-17

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						FIFTH THIRD BANCORP
						(Registrant)

Date: October 17, 2025						/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
	3Q25		2Q25		3Q24		Stability: •3% demand deposit growth year-over-year; Interest-bearing liabilities costs down for the fifth consecutive quarter •Commercial NPAs improved 14% from 2Q25 •Tangible book value per share(a) grew 7% year-over-year Profitability: •Net interest margin expanded for the 7th consecutive quarter and NII increased 7% year-over-year •Strong fee performance driven by 28% growth in capital markets fees and 9% growth in wealth and asset management revenue from 2Q25 •Disciplined expense management; efficiency ratio(a) of 54.9%; adjusted efficiency ratio(a) of 54.1%, an improvement of 180 bps year-over-year Growth: •6% loan growth compared to 3Q24; annual loan growth accelerated to highest level in over two years •Consumer household growth of 3%, including 7% in the Southeast •Assets under management of $77B, up 12% compared to 3Q24

Income Statement Data
Net income available to common shareholders	$608		$591		$532
Net interest income (U.S. GAAP)	1,520		1,495		1,421
Net interest income (FTE)(a)	1,525		1,500		1,427
Noninterest income	781		750		711
Noninterest expense	1,267		1,264		1,244

Per Share Data
Earnings per share, basic	$0.91		$0.88		$0.78
Earnings per share, diluted	0.91		0.88		0.78
Book value per share	29.26		28.47		27.60
Tangible book value per share(a)	21.66		20.98		20.20

Balance Sheet & Credit Quality
Average portfolio loans and leases	$123,326		$123,071		$116,826
Average deposits	164,754		163,575		167,196
Accumulated other comprehensive loss	(3,276)		(3,546)		(3,446)
Net charge-off ratio(b)	1.09	%	0.45	%	0.48	%
Nonperforming asset ratio(c)	0.65		0.72		0.62

Financial Ratios
Return on average assets	1.21	%	1.20	%	1.06	%
Return on average common equity	12.6		12.8		11.7
Return on average tangible common equity(a)	17.3		17.6		16.3
CET1 capital(d)(e)	10.54		10.58		10.75
Net interest margin(a)	3.13		3.12		2.90
Efficiency(a)	54.9		56.2		58.2
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
	September	June	September
	2025	2025	2024	Seq	Yr/Yr
Condensed Statements of Income
Net interest income (NII)(a)	$1,525	$1,500	$1,427	2%	7%
Provision for credit losses	197	173	160	14%	23%
Noninterest income	781	750	711	4%	10%
Noninterest expense	1,267	1,264	1,244	—	2%
Income before income taxes(a)	$842	$813	$734	4%	15%

Taxable equivalent adjustment	$5	$5	$6	—	(17)%
Applicable income tax expense	188	180	155	4%	21%
Net income	$649	$628	$573	3%	13%
Dividends on preferred stock	41	37	41	11%	—
Net income available to common shareholders	$608	$591	$532	3%	14%
Earnings per share, diluted	$0.91	$0.88	$0.78	3%	17%


Net Interest Income
(FTE; $ in millions)(a)	For the Three Months Ended						% Change
	September		June		September
	2025		2025		2024		Seq	Yr/Yr
Interest Income
Interest income	$2,524		$2,489		$2,675		1%	(6)%
Interest expense	999		989		1,248		1%	(20)%
Net interest income (NII)	$1,525		$1,500		$1,427		2%	7%


Average Yield/Rate Analysis							bps Change
Yield on interest-earning assets	5.18	%	5.18	%	5.43	%	—	(25)
Rate paid on interest-bearing liabilities	2.77	%	2.78	%	3.38	%	(1)	(61)

Ratios
Net interest rate spread	2.41	%	2.40	%	2.05	%	1	36
Net interest margin (NIM)	3.13	%	3.12	%	2.90	%	1	23


Noninterest Income
($ in millions)	For the Three Months Ended			% Change
	September	June	September
	2025	2025	2024	Seq	Yr/Yr
Noninterest Income
Wealth and asset management revenue	$181	$166	$163	9%	11%
Commercial payments revenue	157	152	154	3%	2%
Consumer banking revenue	144	147	143	(2)%	1%
Capital markets fees	115	90	111	28%	4%
Commercial banking revenue	87	79	93	10%	(6)%
Mortgage banking net revenue	58	56	50	4%	16%
Other noninterest income (loss)	29	44	(13)	(34)%	NM
Securities gains, net	10	16	10	(38)%	—


Total noninterest income	$781	$750	$711	4%	10%


Noninterest Income excluding certain items
($ in millions)	For the Three Months Ended			% Change
	September	June	September
	2025	2025	2024	Seq	Yr/Yr
Noninterest Income excluding certain items
Noninterest income (U.S. GAAP)	$781	$750	$711
Interchange litigation matters	18	1	47

Securities (gains) losses, net	(10)	(16)	(10)
Noninterest income excluding certain items(a)	$789	$735	$748	7%	5%


Noninterest Expense excluding certain item(s)
($ in millions)	For the Three Months Ended			% Change
	September	June	September
	2025	2025	2024	Seq	Yr/Yr
Noninterest Expense excluding certain item(s)
Noninterest expense (U.S. GAAP)	$1,267	$1,264	$1,244
Interchange litigation matters	(9)	—	(10)
Severance expense	—	(15)	(9)

FDIC special assessment	6	—	—

Noninterest expense excluding certain item(s)(a)	$1,264	$1,249	$1,225	1%	3%
Non-qualified deferred compensation (expense)/benefit	(11)	(16)	(10)
Noninterest expense excluding certain item(s) and non-qualified deferred compensation(a)	$1,253	$1,233	$1,215	2%	3%


Average Interest-Earning Assets
($ in millions)	For the Three Months Ended			% Change
	September	June	September
	2025	2025	2024	Seq	Yr/Yr
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$54,170	$54,075	$51,615	—	5%
Commercial mortgage loans	12,027	12,410	11,488	(3)%	5%
Commercial construction loans	5,541	5,810	5,981	(5)%	(7)%
Commercial leases	3,177	3,120	2,685	2%	18%
Total commercial loans and leases	$74,915	$75,415	$71,769	(1)%	4%
Consumer loans:
Residential mortgage loans	$17,656	$17,615	$17,031	—	4%
Home equity	4,579	4,383	4,018	4%	14%
Indirect secured consumer loans	17,729	17,248	15,680	3%	13%
Credit card	1,678	1,659	1,708	1%	(2)%
Solar energy installation loans	4,355	4,268	3,990	2%	9%
Other consumer loans	2,414	2,483	2,630	(3)%	(8)%
Total consumer loans	$48,411	$47,656	$45,057	2%	7%
Total average portfolio loans and leases	$123,326	$123,071	$116,826	—	6%

Average Loans and Leases Held for Sale
Commercial loans and leases held for sale	$44	$45	$16	(2)%	175%
Consumer loans held for sale	623	541	573	15%	9%
Total average loans and leases held for sale	$667	$586	$589	14%	13%

Total average loans and leases	$123,993	$123,657	$117,415	—	6%

Securities (taxable and tax-exempt)	$54,592	$56,243	$56,707	(3)%	(4)%
Other short-term investments	14,915	12,782	21,714	17%	(31)%
Total average interest-earning assets	$193,500	$192,682	$195,836	—	(1)%


End of Period Interest-Earning Assets
($ in millions)	As of			% Change
	September	June	September
	2025	2025	2024	Seq	Yr/Yr
End of Period Portfolio Loans and Leases
Total commercial loans and leases	$74,423	$74,152	$71,130	—	5%
Total consumer loans	48,707	48,244	45,538	1%	7%
Total portfolio loans and leases	$123,130	$122,396	$116,668	1%	6%

End of Period Loans and Leases Held for Sale


Total loans and leases held for sale	$576	$646	$612	(11)%	(6)%

Total loans and leases	$123,706	$123,042	$117,280	1%	5%

Securities (taxable and tax-exempt)	$52,680	$55,109	$56,738	(4)%	(7)%
Other short-term investments	17,215	13,043	21,729	32%	(21)%
Total interest-earning assets	$193,601	$191,194	$195,747	1%	(1)%


Average Wholesale Funding
	($ in millions)	For the Three Months Ended			% Change
		September	June	September
		2025	2025	2024	Seq	Yr/Yr
	Average Wholesale Funding
	CDs over $250,0001	$2,244	$2,200	$3,499	2%	(36)%

	Federal funds purchased	198	206	176	(4)%	13%
	Securities sold under repurchase agreements	376	353	396	7%	(5)%
	FHLB advances	4,920	4,976	2,576	(1)%	91%
	Derivative collateral and other secured borrowings	82	89	52	(8)%	58%
	Long-term debt	14,001	14,599	16,716	(4)%	(16)%
	Total average wholesale funding	$21,821	$22,423	$23,415	(3)%	(7)%
	1CDs over $250,000 includes $1.0BN, $1.1BN, and $2.6BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 9/30/25, 6/30/25, and 9/30/24, respectively.


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

Total nonaccrual portfolio loans and leases (NPLs)	$768		$853		$966		$823		$686
Repossessed property	12		8		9		9		11
OREO	21		25		21		21		28
Total nonperforming portfolio loans and leases and OREO (NPAs)	$801		$886		$996		$853		$725

NPL ratio(g)	0.62	%	0.70	%	0.79	%	0.69	%	0.59	%
NPA ratio(c)	0.65	%	0.72	%	0.81	%	0.71	%	0.62	%

Portfolio loans and leases 30-89 days past due (accrual)	$348		$277		$385		$303		$283
Portfolio loans and leases 90 days past due (accrual)	29		34		33		32		40

30-89 days past due as a % of portfolio loans and leases	0.28	%	0.23	%	0.31	%	0.25	%	0.24	%
90 days past due as a % of portfolio loans and leases	0.02	%	0.03	%	0.03	%	0.03	%	0.03	%

Allowance for loan and lease losses (ALLL), beginning	$2,412		$2,384		$2,352		$2,305		$2,288
Total net losses charged-off	(339)		(139)		(136)		(136)		(142)
Provision for loan and lease losses	192		167		168		183		159
ALLL, ending	$2,265		$2,412		$2,384		$2,352		$2,305

Reserve for unfunded commitments, beginning	$146		$140		$134		$138		$137
Provision for (benefit from) the reserve for unfunded commitments	5		6		6		(4)		1
Reserve for unfunded commitments, ending	$151		$146		$140		$134		$138

Total allowance for credit losses (ACL)	$2,416		$2,558		$2,524		$2,486		$2,443

ACL ratios:
As a % of portfolio loans and leases	1.96	%	2.09	%	2.07	%	2.08	%	2.09	%
As a % of nonperforming portfolio loans and leases	314	%	300	%	261	%	302	%	356	%
As a % of nonperforming portfolio assets	302	%	289	%	253	%	291	%	337	%

ALLL as a % of portfolio loans and leases	1.84	%	1.97	%	1.95	%	1.96	%	1.98	%

Total losses charged-off	$(382)		$(194)		$(173)		$(175)		$(183)
Total recoveries of losses previously charged-off	43		55		37		39		41
Total net losses charged-off	$(339)		$(139)		$(136)		$(136)		$(142)

Net charge-off ratio (NCO ratio)(b)	1.09	%	0.45	%	0.46	%	0.46	%	0.48	%
Commercial NCO ratio	1.46	%	0.38	%	0.35	%	0.32	%	0.40	%
Consumer NCO ratio	0.52	%	0.56	%	0.63	%	0.68	%	0.62	%


Capital Position
	As of and For the Three Months Ended
	September		June		March		December		September
	2025		2025		2025		2024		2024
Capital Position
Average total Bancorp shareholders' equity as a % of average assets	10.02	%	9.82	%	9.50	%	9.40	%	9.47	%
Tangible equity(a)	9.12	%	9.39	%	9.07	%	9.02	%	8.99	%
Tangible common equity (excluding AOCI)(a)	8.29	%	8.38	%	8.07	%	8.03	%	8.00	%
Tangible common equity (including AOCI)(a)	6.89	%	6.84	%	6.40	%	6.02	%	6.52	%

Regulatory Capital Ratios(d)(e)
CET1 capital	10.54	%	10.58	%	10.43	%	10.57	%	10.75	%
Tier 1 risk-based capital	11.60	%	11.85	%	11.71	%	11.86	%	12.07	%
Total risk-based capital	13.51	%	13.77	%	13.63	%	13.86	%	14.13	%
Leverage	9.24	%	9.42	%	9.23	%	9.22	%	9.11	%




			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)		September		June		September						September		September
		2025		2025		2024		Seq		Yr/Yr		2025		2024		Yr/Yr
Income Statement Data
Net interest income		$1,520		$1,495		$1,421		2%		7%		$4,453		$4,192		6%
Net interest income (FTE)(a)		1,525		1,500		1,427		2%		7%		4,468		4,210		6%
Noninterest income		781		750		711		4%		10%		2,224		2,117		5%
	Total revenue (FTE)(a)	2,306		2,250		2,138		2%		8%		6,692		6,327		6%
Provision for credit losses		197		173		160		14%		23%		544		351		55%
Noninterest expense		1,267		1,264		1,244		—		2%		3,835		3,807		1%
Net income		649		628		573		3%		13%		1,791		1,694		6%
Net income available to common shareholders		608		591		532		3%		14%		1,677		1,573		7%

Earnings Per Share Data
Net income allocated to common shareholders		$608		$591		$532		3%		14%		$1,677		$1,573		7%
Average common shares outstanding (in thousands):
	Basic	666,427		670,787		680,895		(1%)		(2%)		669,405		684,462		(2%)
	Diluted	670,878		674,034		686,109		—		(2%)		673,632		689,263		(2%)
Earnings per share, basic		$0.91		$0.88		$0.78		3%		17%		$2.51		$2.30		9%
Earnings per share, diluted		0.91		0.88		0.78		3%		17%		2.49		2.28		9%

Common Share Data
Cash dividends per common share		$0.40		$0.37		$0.37		8%		8%		$1.14		$1.07		7%
Book value per share		29.26		28.47		27.60		3%		6%		29.26		27.60		6%
Market value per share		44.55		41.13		42.84		8%		4%		44.55		42.84		4%
Common shares outstanding (in thousands)		660,973		667,710		676,269		(1%)		(2%)		660,973		676,269		(2%)
Market capitalization		$29,446		$27,463		$28,971		7%		2%		$29,446		$28,971		2%

Financial Ratios
Return on average assets		1.21	%	1.20	%	1.06	%	1		15		1.13	%	1.06	%	7
Return on average common equity		12.6	%	12.8	%	11.7	%	(20)		90		12.1	%	12.3	%	(20)
Return on average tangible common equity(a)		17.3	%	17.6	%	16.3	%	(30)		100		16.8	%	17.6	%	(80)
Noninterest income as a percent of total revenue(a)		34	%	33	%	33	%	100		100		33	%	33	%	—
Dividend payout		44.0	%	42.0	%	47.4	%	200		(340)		45.4	%	46.5	%	(110)
Average total Bancorp shareholders’ equity as a percent of average assets		10.02	%	9.82	%	9.47	%	20		55		9.78	%	9.02	%	76
Tangible common equity(a)		8.29	%	8.38	%	8.00	%	(9)		29		8.29	%	8.00	%	29
Net interest margin (FTE)(a)		3.13	%	3.12	%	2.90	%	1		23		3.10	%	2.88	%	22
Efficiency (FTE)(a)		54.9	%	56.2	%	58.2	%	(130)		(330)		57.3	%	60.2	%	(290)
Effective tax rate		22.6	%	22.2	%	21.3	%	40		130		22.1	%	21.3	%	80

Credit Quality
Net losses charged-off		$339		$139		$142		144	%	139	%	$614		$396		55	%
Net losses charged-off as a percent of average portfolio loans and leases (annualized)		1.09	%	0.45	%	0.48	%	64		61		0.67	%	0.45	%	22
ALLL as a percent of portfolio loans and leases		1.84	%	1.97	%	1.98	%	(13)		(14)		1.84	%	1.98	%	(14)
ACL as a percent of portfolio loans and leases(g)		1.96	%	2.09	%	2.09	%	(13)		(13)		1.96	%	2.09	%	(13)
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO		0.65	%	0.72	%	0.62	%	(7)		3		0.65	%	0.62	%	3

Average Balances
Loans and leases, including held for sale		$123,993		$123,657		$117,415		—		6%		$123,147		$117,466		5%
Securities and other short-term investments		69,507		69,025		78,421		1%		(11%)		69,853		77,765		(10%)
Assets		211,770		210,554		213,838		1%		(1%)		210,965		213,174		(1%)
Transaction deposits(b)		151,669		150,881		153,154		1%		(1%)		151,327		152,400		(1%)
Core deposits(c)		162,510		161,375		163,697		1%		(1%)		161,901		162,918		(1%)
Wholesale funding(d)		21,821		22,423		23,415		(3%)		(7%)		22,167		24,120		(8%)
Bancorp shareholders' equity		21,216		20,670		20,251		3%		5%		20,633		19,232		7%

Regulatory Capital Ratios(e)(f)
CET1 capital		10.54	%	10.58	%	10.75	%	(4)		(21)		10.54	%	10.75	%	(21)
Tier 1 risk-based capital		11.60	%	11.85	%	12.07	%	(25)		(47)		11.60	%	12.07	%	(47)
Total risk-based capital		13.51	%	13.77	%	14.13	%	(26)		(62)		13.51	%	14.13	%	(62)
Leverage		9.24	%	9.42	%	9.11	%	(18)		13		9.24	%	9.11	%	13

Additional Metrics
Banking centers		1,102		1,089		1,072		1%		3%		1,102		1,072		3%
ATMs		2,184		2,170		2,060		1%		6%		2,184		2,060		6%
Full-time equivalent employees		18,476		18,690		18,579		(1%)		(1%)		18,476		18,579		(1%)
Assets under care ($ in billions)(h)		$681		$657		$635		4%		7%		$681		$635		7%
Assets under management ($ in billions)(h)		77		73		69		5%		12%		77		69		12%


Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millions	For the Three Months Ended			% Change		Year to Date		% Change
(unaudited)	September	June	September			September	September
	2025	2025	2024	Seq	Yr/Yr	2025	2024	Yr/Yr
Interest Income
Interest and fees on loans and leases	$1,909	$1,881	$1,910	1%	—	$5,604	$5,640	(1%)
Interest on securities	444	458	461	(3%)	(4%)	1,354	1,374	(1%)
Interest on other short-term investments	166	145	298	14%	(44%)	477	883	(46%)
Total interest income	2,519	2,484	2,669	1%	(6%)	7,435	7,897	(6%)

Interest Expense
Interest on deposits	750	732	968	2%	(23%)	2,226	2,880	(23%)
Interest on federal funds purchased	2	2	2	—	—	7	8	(13%)
Interest on other short-term borrowings	59	59	40	—	48%	174	135	29%
Interest on long-term debt	188	196	238	(4%)	(21%)	575	682	(16%)
Total interest expense	999	989	1,248	1%	(20%)	2,982	3,705	(20%)

Net Interest Income	1,520	1,495	1,421	2%	7%	4,453	4,192	6%

Provision for credit losses	197	173	160	14%	23%	544	351	55%
Net Interest Income After Provision for Credit Losses	1,323	1,322	1,261	—	5%	3,909	3,841	2%

Noninterest Income
Wealth and asset management revenue	181	166	163	9%	11%	519	483	7%
Commercial payments revenue	157	152	154	3%	2%	462	453	2%
Consumer banking revenue	144	147	143	(2%)	1%	428	418	2%
Capital markets fees	115	90	111	28%	4%	294	301	(2%)
Commercial banking revenue	87	79	93	10%	(6%)	247	267	(7%)
Mortgage banking net revenue	58	56	50	4%	16%	171	154	11%
Other noninterest income (loss)	29	44	(13)	(34%)	NM	86	18	378%
Securities gains, net	10	16	10	(38%)	—	17	23	(26%)

Total noninterest income	781	750	711	4%	10%	2,224	2,117	5%

Noninterest Expense
Compensation and benefits	685	698	690	(2%)	(1%)	2,132	2,099	2%
Technology and communications	128	126	121	2%	6%	378	351	8%
Net occupancy expense	89	83	81	7%	10%	260	251	4%
Equipment expense	44	41	38	7%	16%	126	114	11%
Loan and lease expense	39	36	34	8%	15%	105	96	9%
Marketing expense	34	43	26	(21%)	31%	105	92	14%
Card and processing expense	22	22	22	—	—	65	63	3%
Other noninterest expense	226	215	232	5%	(3%)	664	741	(10%)
Total noninterest expense	1,267	1,264	1,244	—	2%	3,835	3,807	1%
Income Before Income Taxes	837	808	728	4%	15%	2,298	2,151	7%
Applicable income tax expense	188	180	155	4%	21%	507	457	11%
Net Income	649	628	573	3%	13%	1,791	1,694	6%
Dividends on preferred stock	41	37	41	11%	—	114	121	(6%)
Net Income Available to Common Shareholders	$608	$591	$532	3%	14%	$1,677	$1,573	7%


Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share data	As of
(unaudited)	September	June	March	December	September
	2025	2025	2025	2024	2024
Assets
Cash and due from banks	$2,901	$2,972	$3,009	$3,014	$3,215
Other short-term investments	17,215	13,043	14,965	17,120	21,729
Available-for-sale debt and other securities(a)	36,461	38,270	39,747	39,547	40,396
Held-to-maturity securities(b)	11,498	11,630	11,185	11,278	11,358
Trading debt securities	1,266	1,324	1,159	1,185	1,176
Equity securities	287	404	494	341	428
Loans and leases held for sale	576	646	473	640	612
Portfolio loans and leases:
Commercial and industrial loans	53,947	53,312	53,700	52,271	50,916
Commercial mortgage loans	11,932	12,112	12,357	12,246	11,394
Commercial construction loans	5,326	5,551	5,952	5,588	5,947
Commercial leases	3,218	3,177	3,128	3,188	2,873
Total commercial loans and leases	74,423	74,152	75,137	73,293	71,130
Residential mortgage loans	17,644	17,681	17,581	17,543	17,166
Home equity	4,678	4,485	4,265	4,188	4,074
Indirect secured consumer loans	17,885	17,591	16,804	16,313	15,942
Credit card	1,692	1,707	1,660	1,734	1,703
Solar energy installation loans	4,432	4,316	4,262	4,202	4,078
Other consumer loans	2,376	2,464	2,482	2,518	2,575
Total consumer loans	48,707	48,244	47,054	46,498	45,538
Portfolio loans and leases	123,130	122,396	122,191	119,791	116,668
Allowance for loan and lease losses	(2,265)	(2,412)	(2,384)	(2,352)	(2,305)
Portfolio loans and leases, net	120,865	119,984	119,807	117,439	114,363
Bank premises and equipment	2,655	2,560	2,506	2,475	2,425
Operating lease equipment	379	344	314	319	357
Goodwill	4,947	4,918	4,918	4,918	4,918
Intangible assets	76	75	82	90	98
Servicing rights	1,601	1,629	1,663	1,704	1,656
Other assets	12,176	12,192	12,347	12,857	11,587
Total Assets	$212,903	$209,991	$212,669	$212,927	$214,318

Liabilities
Deposits:


Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ and shares in millions		As of and For the Three Months Ended
(unaudited)		September		June		March		December		September
		2025		2025		2025		2024		2024
Net interest income		$1,520		$1,495		$1,437		$1,437		$1,421
Add: Taxable equivalent adjustment		5		5		5		6		6
Net interest income (FTE) (a)		1,525		1,500		1,442		1,443		1,427

Net interest income (annualized) (b)		6,030		5,996		5,828		5,717		5,653
Net interest income (FTE) (annualized) (c)		6,050		6,016		5,848		5,741		5,677

Interest income		2,519		2,484		2,432		2,528		2,669
Add: Taxable equivalent adjustment		5		5		5		6		6
Interest income (FTE)		2,524		2,489		2,437		2,534		2,675
Interest income (FTE) (annualized) (d)		10,014		9,983		9,883		10,081		10,642

Interest expense (annualized) (e)		3,963		3,967		4,035		4,340		4,965
Average interest-earning assets (f)		193,500		192,682		192,808		193,513		195,836
Average interest-bearing liabilities (g)		143,096		142,913		144,285		144,771		147,092

Net interest margin (b) / (f)		3.12	%	3.11	%	3.02	%	2.95	%	2.89	%
Net interest margin (FTE) (c) / (f)		3.13	%	3.12	%	3.03	%	2.97	%	2.90	%
Net interest rate spread (FTE) (d) / (f) - (e) / (g)		2.41	%	2.40	%	2.33	%	2.21	%	2.05	%

Income before income taxes		$837		$808		$653		$764		$728
Add: Taxable equivalent adjustment		5		5		5		6		6
Income before income taxes (FTE)		842		813		658		770		734

Net income available to common shareholders		608		591		478		582		532
Add: Intangible amortization, net of tax		5		5		6		7		7
Tangible net income available to common shareholders (h)		613		596		484		589		539
Tangible net income available to common shareholders (annualized) (i)		2,432		2,391		1,963		2,343		2,144

Average Bancorp shareholders’ equity		21,216		20,670		20,000		19,893		20,251
Less:	Average preferred stock	(2,112)		(2,116)		(2,116)		(2,116)		(2,116)
	Average goodwill	(4,937)		(4,918)		(4,918)		(4,918)		(4,918)
	Average intangible assets	(77)		(79)		(86)		(94)		(103)
Average tangible common equity, including AOCI (j)		14,090		13,557		12,880		12,765		13,114
Less:	Average AOCI	3,520		3,935		4,362		4,292		3,914
Average tangible common equity, excluding AOCI (k)		17,610		17,492		17,242		17,057		17,028

Total Bancorp shareholders’ equity		21,107		21,124		20,403		19,645		20,784
Less:	Preferred stock	(1,770)		(2,116)		(2,116)		(2,116)		(2,116)
	Goodwill	(4,947)		(4,918)		(4,918)		(4,918)		(4,918)
	Intangible assets	(76)		(75)		(82)		(90)		(98)
Tangible common equity, including AOCI (l)		14,314		14,015		13,287		12,521		13,652
Less:	AOCI	3,276		3,546		3,895		4,636		3,446
Tangible common equity, excluding AOCI (m)		17,590		17,561		17,182		17,157		17,098
Add:	Preferred stock	1,770		2,116		2,116		2,116		2,116
Tangible equity (n)		19,360		19,677		19,298		19,273		19,214

Total assets		212,903		209,991		212,669		212,927		214,318
Less:	Goodwill	(4,947)		(4,918)		(4,918)		(4,918)		(4,918)
	Intangible assets	(76)		(75)		(82)		(90)		(98)
Tangible assets, including AOCI (o)		207,880		204,998		207,669		207,919		209,302
Less:	AOCI, before tax	4,311		4,666		5,125		5,868		4,362
Tangible assets, excluding AOCI (p)		$212,191		$209,664		$212,794		$213,787		$213,664

Common shares outstanding (q)		661		668		667		670		676

Tangible equity (n) / (p)		9.12	%	9.39	%	9.07	%	9.02	%	8.99	%
Tangible common equity (excluding AOCI) (m) / (p)		8.29	%	8.38	%	8.07	%	8.03	%	8.00	%
Tangible common equity (including AOCI) (l) / (o)		6.89	%	6.84	%	6.40	%	6.02	%	6.52	%
Tangible book value per share (including AOCI) (l) / (q)		$21.66		$20.98		$19.92		$18.69		$20.20
Tangible book value per share (excluding AOCI) (m) / (q)		$26.61		$26.29		$25.76		$25.61		$25.29


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

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



For the three months ended September 30, 2024	Commercial Banking	Consumer and Small Business Banking	Wealth and Asset Management	General Corporate and Other	Total

Net interest income (FTE)(a)	$648	$1,056	$50	$(327)	$1,427
Provision for credit losses	(76)	(78)	—	(6)	(160)
Net interest income after provision for credit losses	572	978	50	(333)	1,267
Noninterest income	354	283	99	(25)	711
Noninterest expense	(460)	(614)	(95)	(75)	(1,244)
Income (loss) before income taxes (FTE)(a)	$466	$647	$54	$(433)	$734


(a) Includes taxable equivalent adjustments of $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 and September 30, 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.