fitb-20250417

Fifth Third Bancorp Reports First Quarter 2025 Diluted Earnings Per Share of $0.71

Loan growth, net interest margin expansion, and expense discipline leads to positive operating leverage

Reported results included a negative $0.02 impact from certain items on page 2



Key Financial Data							Key Highlights

$ in millions for all balance sheet and income statement items
	1Q25		4Q24		1Q24		Stability: •Resilient balance sheet delivered stable NII sequentially and 4% growth compared to 1Q24, attributed to loan growth, deposit rate management, and fixed-rate asset repricing •Net charge-off ratio remained stable sequentially Profitability: •Continued expense discipline: ◦Expenses down 3% compared to 1Q24, and stable on an adjusted basis. ◦Efficiency ratio(a) of 61.0%. Adjusted efficiency ratio(a) of 60.5% improved 110 bps compared to 1Q24 •Net interest margin expanded for the 5th consecutive quarter. Interest-bearing liabilities costs down 20 bps from 4Q24 Growth: •Average loans up 3% sequentially and year-over-year due to growth in both commercial and consumer lending •Generated 20% more commercial new quality relationships compared to 1Q24 •Wealth & asset management revenue up 7% and commercial payments revenue up 6% year-over-year

Income Statement Data
Net income available to common shareholders	$478		$582		$480
Net interest income (U.S. GAAP)	1,437		1,437		1,384
Net interest income (FTE)(a)	1,442		1,443		1,390
Noninterest income	694		732		710
Noninterest expense	1,304		1,226		1,342

Per Share Data
Earnings per share, basic	$0.71		$0.86		$0.70
Earnings per share, diluted	0.71		0.85		0.70
Book value per share	27.41		26.17		24.72
Tangible book value per share(a)	19.92		18.69		17.35

Balance Sheet & Credit Quality
Average portfolio loans and leases	$121,272		$117,860		$117,334
Average deposits	164,157		167,237		168,122
Accumulated other comprehensive loss	(3,895)		(4,636)		(4,888)
Net charge-off ratio(b)	0.46	%	0.46	%	0.38	%
Nonperforming asset ratio(c)	0.81		0.71		0.64

Financial Ratios
Return on average assets	0.99	%	1.17	%	0.98	%
Return on average common equity	10.8		13.0		11.6
Return on average tangible common equity(a)	15.2		18.4		17.0
CET1 capital(d)(e)	10.45		10.57		10.47
Net interest margin(a)	3.03		2.97		2.86
Efficiency(a)	61.0		56.4		63.9
Other than the Quarterly Financial Review tables beginning on page 13, 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.

From Tim Spence, Fifth Third Chairman, CEO and President:

Fifth Third delivered another quarter of strong financial results reflecting our resilient balance sheet, diversified business mix, and disciplined expense management. We again generated positive operating leverage, delivered loan growth, and expanded net interest margin.

This environment of increased economic uncertainty has reinforced the importance of building a bank that produces strong through-the-cycle returns across a range of potential outcomes. Our balance sheet remains well-diversified and neutrally positioned. We remain proactive in managing our credit risk and stress testing our portfolio under many scenarios.

Our strategic investments continue to drive growth in consumer households and commercial relationships as well as year-over-year growth in commercial payments and wealth & asset management revenue. Our strong returns on capital enabled $225 million of share repurchases during the quarter and a 5% increase in tangible book value per share, excluding AOCI, over the past year.

As we navigate this environment, we will continue to follow our operating principles of stability, profitability, and growth - in that order.

Investor contact: Matt Curoe (513) 534-2345 | Media contact: Jennifer Hendricks Sullivan (614) 744-7693 April 17, 2025


Income Statement Highlights
($ in millions, except per share data)	For the Three Months Ended			% Change
	March	December	March
	2025	2024	2024	Seq	Yr/Yr
Condensed Statements of Income
Net interest income (NII)(a)	$1,442	$1,443	$1,390	—	4%
Provision for credit losses	174	179	94	(3)%	85%
Noninterest income	694	732	710	(5)%	(2)%
Noninterest expense	1,304	1,226	1,342	6%	(3)%
Income before income taxes(a)	$658	$770	$664	(15)%	(1)%

Taxable equivalent adjustment	$5	$6	$6	(17)%	(17)%
Applicable income tax expense	138	144	138	(4)%	—
Net income	$515	$620	$520	(17)%	(1)%
Dividends on preferred stock	37	38	40	(3)%	(8)%
Net income available to common shareholders	$478	$582	$480	(18)%	—
Earnings per share, diluted	$0.71	$0.85	$0.70	(16)%	1%

Fifth Third Bancorp (NASDAQ®: FITB) today reported first quarter 2025 net income available to common shareholders of $478 million, or $0.71 per diluted share, compared to $582 million, or $0.85 per diluted share, in the prior quarter and $480 million, or $0.70 per diluted share, in the year-ago quarter.

Diluted earnings per share impact of certain item(s) - 1Q25

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

Valuation of Visa total return swap (noninterest income)(f)

$(14)

After-tax impact(f) of certain item(s)

$(14)

Diluted earnings per share impact of certain item(s)1

$(0.02)

Totals may not foot due to rounding; 1Diluted earnings per share impact reflects 676.040 million average diluted shares outstanding


Net Interest Income
(FTE; $ in millions)(a)	For the Three Months Ended						% Change
	March		December		March
	2025		2024		2024		Seq	Yr/Yr
Interest Income
Interest income	$2,437		$2,534		$2,614		(4)%	(7)%
Interest expense	995		1,091		1,224		(9)%	(19)%
Net interest income (NII)	$1,442		$1,443		$1,390		—	4%


Average Yield/Rate Analysis							bps Change
Yield on interest-earning assets	5.13	%	5.21	%	5.38	%	(8)	(25)
Rate paid on interest-bearing liabilities	2.80	%	3.00	%	3.36	%	(20)	(56)

Ratios
Net interest rate spread	2.33	%	2.21	%	2.02	%	12	31
Net interest margin (NIM)	3.03	%	2.97	%	2.86	%	6	17

Compared to the prior quarter, NII was stable, primarily reflecting higher average commercial loan balances, fixed-rate asset repricing and a combination of seasonal fluctuations and strategic deposit management actions decreasing the cost of interest-bearing deposits, offset by the impact of market rates on floating rate loans and lower day count. These same factors, coupled with the normalization of cash and other short-term investment balances contributed to the 6 bps increase in NIM.

Compared to the year-ago quarter, NII increased $52 million, or 4%, and NIM increased 17 bps. This year-over-year improvement was due to the benefits from proactive deposit and wholesale funding management decreasing interest-bearing liabilities costs by 56 bps and the benefit of fixed-rate asset repricing, which more than offset the impact of lower market rates on floating rate assets.


Noninterest Income
($ in millions)	For the Three Months Ended			% Change
	March	December	March
	2025	2024	2024	Seq	Yr/Yr
Noninterest Income
Wealth and asset management revenue	$172	$163	$161	6%	7%
Commercial payments revenue	153	155	145	(1)%	6%
Consumer banking revenue	137	137	135	—	1%
Capital markets fees	90	123	97	(27)%	(7)%
Commercial banking revenue	80	109	85	(27)%	(6)%
Mortgage banking net revenue	57	57	54	—	6%
Other noninterest income (loss)	14	(4)	23	NM	(39)%
Securities (losses) gains, net	(9)	(8)	10	13%	NM


Total noninterest income	$694	$732	$710	(5)%	(2)%

Reported noninterest income decreased $38 million, or 5%, from the prior quarter, and decreased $16 million, or 2%, from the year-ago quarter. The reported results reflect the impact of certain items in the table below, including the mark-to-market on the valuation of the Visa total return swap and securities gains/losses which incorporate mark-to-market impacts from securities associated with non-qualified deferred compensation plans that are more than offset in noninterest expense.


Noninterest Income excluding certain items
($ in millions)	For the Three Months Ended
	March	December	March	% Change
	2025	2024	2024	Seq	Yr/Yr
Noninterest Income excluding certain items
Noninterest income (U.S. GAAP)	$694	$732	$710
Valuation of Visa total return swap	18	51	17

Securities (gains) losses, net	9	8	(10)
Noninterest income excluding certain items(a)	$721	$791	$717	(9)%	1%

Noninterest income excluding certain items decreased $70 million, or 9%, compared to the prior quarter, but increased $4 million, or 1%, from the year-ago quarter.

Compared to the prior quarter, wealth and asset management revenue increased $9 million, or 6%, primarily due to seasonal tax-related revenue and increased customer transaction activity. Commercial payments revenue decreased $2 million, or 1%, primarily driven by seasonality. Capital markets fees decreased $33 million, or 27%, reflecting decreases in syndication and M&A advisory fees due to seasonality and market uncertainty. Commercial banking revenue decreased $29 million, or 27%, primarily reflecting decreases in lease syndication and remarketing.

Compared to the year-ago quarter, wealth and asset management revenue increased $11 million, or 7%, primarily reflecting an increase in personal asset management revenue due to AUM growth. Commercial payments revenue increased $8 million, or 6%, primarily driven by deposit fees. Consumer banking revenue increased $2 million, or 1%, primarily driven by deposit fees. Capital markets fees decreased $7 million, or 7%, reflecting a decrease in syndication fees and M&A advisory fees, partially offset by an increase in client financial risk management revenue. Commercial banking revenue decreased $5 million, or 6%, primarily reflecting the continued decrease in operating lease revenue, partially offset by an increase in lease syndication and remarketing. Mortgage banking net revenue increased $3 million, or 6%, due to the prior year loss on MSR net valuation adjustments not recurring in the current quarter.


Noninterest Expense
($ in millions)	For the Three Months Ended			% Change
	March	December	March
	2025	2024	2024	Seq	Yr/Yr
Noninterest Expense
Compensation and benefits	$750	$665	$753	13%	—
Technology and communications	123	123	117	—	5%
Net occupancy expense	87	88	87	(1)%	—
Equipment expense	42	39	37	8%	14%
Loan and lease expense	30	36	29	(17)%	3%
Marketing expense	28	23	32	22%	(13)%
Card and processing expense	21	21	20	—	5%
Other noninterest expense	223	231	267	(3)%	(16)%
Total noninterest expense	$1,304	$1,226	$1,342	6%	(3)%

Reported noninterest expense increased $78 million, or 6%, from the prior quarter, and decreased $38 million, or 3%, from the year-ago quarter. The reported results reflect the impact of certain items in the table below.


Noninterest Expense excluding certain item(s)
($ in millions)	For the Three Months Ended			% Change
	March	December	March
	2025	2024	2024	Seq	Yr/Yr
Noninterest Expense excluding certain item(s)
Noninterest expense (U.S. GAAP)	$1,304	$1,226	$1,342
Fifth Third Foundation contribution	—	(15)	—
Interchange litigation matters	—	(4)	(5)
FDIC special assessment	—	11	(33)

Noninterest expense excluding certain item(s)(a)	$1,304	$1,218	$1,304	7%	—

Compared to the prior quarter, noninterest expense excluding certain items increased $86 million, or 7%, primarily reflecting a seasonal increase in compensation and benefits expense. Noninterest expense in the current quarter included a $4 million benefit related to the mark-to-market impact of non-qualified deferred compensation compared to a $7 million benefit in the prior quarter, both of which were largely offset in net securities losses through noninterest income.

Compared to the year-ago quarter, noninterest expense excluding certain items was stable. The year-ago quarter included an $11 million expense related to the mark-to-market impact of non-qualified deferred compensation, which was largely offset in net securities gains through noninterest income.


Average Interest-Earning Assets
($ in millions)	For the Three Months Ended			% Change
	March	December	March
	2025	2024	2024	Seq	Yr/Yr
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$53,401	$51,567	$53,183	4%	—
Commercial mortgage loans	12,368	11,792	11,339	5%	9%
Commercial construction loans	5,797	5,702	5,732	2%	1%
Commercial leases	3,110	2,902	2,542	7%	22%
Total commercial loans and leases	$74,676	$71,963	$72,796	4%	3%
Consumer loans:
Residential mortgage loans	$17,552	$17,322	$16,977	1%	3%
Home equity	4,222	4,125	3,933	2%	7%
Indirect secured consumer loans	16,476	16,100	15,172	2%	9%
Credit card	1,627	1,668	1,773	(2)%	(8)%
Solar energy installation loans	4,221	4,137	3,794	2%	11%
Other consumer loans	2,498	2,545	2,889	(2)%	(14)%
Total consumer loans	$46,596	$45,897	$44,538	2%	5%
Total average portfolio loans and leases	$121,272	$117,860	$117,334	3%	3%

Average Loans and Leases Held for Sale
Commercial loans and leases held for sale	$64	$48	$74	33%	(14)%
Consumer loans held for sale	428	584	291	(27)%	47%
Total average loans and leases held for sale	$492	$632	$365	(22)%	35%

Total average loans and leases	$121,764	$118,492	$117,699	3%	3%

Securities (taxable and tax-exempt)	$56,598	$56,702	$56,456	—	—
Other short-term investments	14,446	18,319	21,194	(21)%	(32)%
Total average interest-earning assets	$192,808	$193,513	$195,349	—	(1)%

Compared to the prior quarter, total average portfolio loans and leases increased 3%. Average commercial portfolio loans and leases increased 4%, primarily reflecting increases in C&I loans, commercial mortgage loans, and commercial leases. Average consumer portfolio loans increased 2%, primarily reflecting increases in indirect secured consumer and residential mortgage loans.

Compared to the year-ago quarter, total average portfolio loans and leases increased 3%. Average commercial portfolio loans and leases increased 3%, primarily reflecting increases in commercial mortgage loans and commercial leases. Average consumer portfolio loans increased 5%, primarily reflecting increases in indirect secured consumer loans, residential mortgage loans, and solar energy installation loans.

Average securities (taxable and tax-exempt; amortized cost) of $57 billion in the current quarter were stable compared to the prior and year-ago quarter. Average other short-term investments (including interest-bearing cash) of $14 billion in the current quarter decreased 21% compared to the prior quarter and decreased 32% compared to the year-ago quarter due to proactive liability management.

Period-end commercial portfolio loans and leases of $75 billion increased 3% compared to the prior quarter, primarily reflecting increases in C&I loans and commercial construction loans. Compared to the year-ago quarter, period-end commercial portfolio loans and leases increased 4%, primarily due to increases in C&I loans, commercial mortgage loans and commercial leases.

Period-end consumer portfolio loans of $47 billion increased 1% compared to the prior quarter, primarily reflecting an increase in indirect secured consumer loans. Compared to the year-ago quarter, period-end consumer portfolio loans increased 6%, primarily driven by increases in indirect secured consumer loans, residential mortgage, and solar energy installation loans, partially offset by a decrease in other consumer loans.

Total period-end securities (taxable and tax-exempt; amortized cost) of $56 billion in the current quarter decreased 1% compared to the prior quarter and were stable compared to the year-ago quarter. Period-end other short-term investments of approximately $15 billion decreased 13% compared to the prior quarter, and decreased 34% compared to the year-ago quarter.


Average Deposits
	($ in millions)	For the Three Months Ended			% Change
		March	December	March
		2025	2024	2024	Seq	Yr/Yr
	Average Deposits
	Demand	$39,788	$40,137	$40,839	(1)%	(3)%
	Interest checking	57,964	59,441	58,822	(2)%	(1)%
	Savings	17,226	17,257	18,107	—	(5)%
	Money market	36,453	37,279	34,589	(2)%	5%
	Total transaction deposits	$151,431	$154,114	$152,357	(2)%	(1)%
	CDs $250,000 or less	10,380	10,592	10,244	(2)%	1%
	Total core deposits	$161,811	$164,706	$162,601	(2)%	—
	CDs over $250,0001	2,346	2,531	5,521	(7)%	(58)%

	Total average deposits	$164,157	$167,237	$168,122	(2)%	(2)%
	1CDs over $250,000 includes $1.3BN, $1.5BN, and $4.7BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 3/31/25, 12/31/24, and 3/31/24, respectively.

Compared to the prior quarter, total average deposits were down 2%, primarily reflecting seasonal decreases in interest checking and money market deposits. Average demand deposits represented 25% of total core deposits in the current quarter compared to 24% in the prior quarter and 25% in the year-ago quarter. Period-end total deposits decreased 1%.

Compared to the year-ago quarter, total average deposits decreased 2%, primarily due to decreases in retail brokered deposits and demand deposits, partially offset by an increase in money market deposits. Period-end total deposits decreased 2%.

The period-end portfolio loan-to-core deposit ratio was 75% in the current quarter, compared to 73% in the prior quarter and 71% in the year-ago quarter.


Average Wholesale Funding
	($ in millions)	For the Three Months Ended			% Change
		March	December	March
		2025	2024	2024	Seq	Yr/Yr
	Average Wholesale Funding
	CDs over $250,0001	$2,346	$2,531	$5,521	(7)%	(58)%

	Federal funds purchased	194	223	201	(13)%	(3)%
	Securities sold under repurchase agreements	286	313	366	(9)%	(22)%
	FHLB advances	4,767	1,567	3,111	204%	53%
	Derivative collateral and other secured borrowings	84	76	57	11%	47%
	Long-term debt	14,585	15,492	15,515	(6)%	(6)%
	Total average wholesale funding	$22,262	$20,202	$24,771	10%	(10)%
	1CDs over $250,000 includes $1.3BN, $1.5BN, and $4.7BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 3/31/25, 12/31/24, and 3/31/24, respectively.

Compared to the prior quarter, average wholesale funding increased 10%, primarily driven by an increase in short-term FHLB advances, partially offset by a decrease in retail brokered deposits. The 10% decrease in average wholesale funding compared to the year-ago quarter was driven by decreases in retail brokered deposits and long-term debt, partially offset by an increase in short-term FHLB advances.


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

Total nonaccrual portfolio loans and leases (NPLs)	$966		$823		$686		$606		$708
Repossessed property	9		9		11		9		8
OREO	21		21		28		28		27
Total nonperforming portfolio loans and leases and OREO (NPAs)	$996		$853		$725		$643		$743

NPL ratio(g)	0.79	%	0.69	%	0.59	%	0.52	%	0.61	%
NPA ratio(c)	0.81	%	0.71	%	0.62	%	0.55	%	0.64	%

Portfolio loans and leases 30-89 days past due (accrual)	$385		$303		$283		$302		$342
Portfolio loans and leases 90 days past due (accrual)	33		32		40		33		35

30-89 days past due as a % of portfolio loans and leases	0.31	%	0.25	%	0.24	%	0.26	%	0.29	%
90 days past due as a % of portfolio loans and leases	0.03	%	0.03	%	0.03	%	0.03	%	0.03	%

Allowance for loan and lease losses (ALLL), beginning	$2,352		$2,305		$2,288		$2,318		$2,322
Total net losses charged-off	(136)		(136)		(142)		(144)		(110)
Provision for loan and lease losses	168		183		159		114		106
ALLL, ending	$2,384		$2,352		$2,305		$2,288		$2,318

Reserve for unfunded commitments, beginning	$134		$138		$137		$154		$166
Provision for (benefit from) the reserve for unfunded commitments	6		(4)		1		(17)		(12)
Reserve for unfunded commitments, ending	$140		$134		$138		$137		$154

Total allowance for credit losses (ACL)	$2,524		$2,486		$2,443		$2,425		$2,472

ACL ratios:
As a % of portfolio loans and leases	2.07	%	2.08	%	2.09	%	2.08	%	2.12	%
As a % of nonperforming portfolio loans and leases	261	%	302	%	356	%	400	%	349	%
As a % of nonperforming portfolio assets	253	%	291	%	337	%	377	%	333	%

ALLL as a % of portfolio loans and leases	1.95	%	1.96	%	1.98	%	1.96	%	1.99	%

Total losses charged-off	$(173)		$(175)		$(183)		$(182)		$(146)
Total recoveries of losses previously charged-off	37		39		41		38		36
Total net losses charged-off	$(136)		$(136)		$(142)		$(144)		$(110)

Net charge-off ratio (NCO ratio)(b)	0.46	%	0.46	%	0.48	%	0.49	%	0.38	%
Commercial NCO ratio	0.35	%	0.32	%	0.40	%	0.45	%	0.19	%
Consumer NCO ratio	0.63	%	0.68	%	0.62	%	0.57	%	0.67	%

The provision for credit losses totaled $174 million in the current quarter. The ACL ratio was 2.07% of total portfolio loans and leases at quarter end, compared with 2.08% for the prior quarter end and 2.12% for the year-ago quarter end. In the current quarter, the ACL was 261% of nonperforming portfolio loans and leases and 253% of nonperforming portfolio assets.

Net charge-offs were $136 million in the current quarter, resulting in an NCO ratio of 0.46%, which was flat compared to the prior quarter. Commercial net charge-offs were $64 million, resulting in a commercial NCO ratio of 0.35%, which increased 3 bps compared to the prior quarter. Consumer net charge-offs were $72 million, resulting in a consumer NCO ratio of 0.63%, which decreased 5 bps compared to the prior quarter.

Compared to the year-ago quarter, net charge-offs increased $26 million and the NCO ratio increased 8 bps. The commercial NCO ratio increased 16 bps compared to the prior year, and the consumer NCO ratio decreased 4 bps compared to the prior year.

Nonperforming portfolio loans and leases were $966 million in the current quarter, with the resulting NPL ratio of 0.79%. Compared to the prior quarter, NPLs increased $143 million with the NPL ratio increasing 10 bps. Compared to the year-ago quarter, NPLs increased $258 million with the NPL ratio increasing 18 bps.

Nonperforming portfolio assets were $996 million in the current quarter, with the resulting NPA ratio of 0.81%. Compared to the prior quarter, NPAs increased $143 million with the NPA ratio increasing 10 bps. Compared to the year-ago quarter, NPAs increased $253 million with the NPA ratio increasing 17 bps.


Capital Position
	As of and For the Three Months Ended
	March		December		September		June		March
	2025		2024		2024		2024		2024
Capital Position
Average total Bancorp shareholders' equity as a % of average assets	9.50	%	9.40	%	9.47	%	8.80	%	8.78	%
Tangible equity(a)	9.07	%	9.02	%	8.99	%	8.91	%	8.75	%
Tangible common equity (excluding AOCI)(a)	8.07	%	8.03	%	8.00	%	7.92	%	7.77	%
Tangible common equity (including AOCI)(a)	6.40	%	6.02	%	6.52	%	5.80	%	5.67	%

Regulatory Capital Ratios(d)(e)
CET1 capital	10.45	%	10.57	%	10.75	%	10.62	%	10.47	%
Tier 1 risk-based capital	11.73	%	11.86	%	12.07	%	11.93	%	11.77	%
Total risk-based capital	13.66	%	13.86	%	14.13	%	13.95	%	13.81	%
Leverage	9.19	%	9.22	%	9.11	%	9.07	%	8.94	%

CET1 capital ratio of 10.45% decreased 12 bps sequentially due to loan growth during the quarter driving an increase in risk-weighted assets. During the first quarter of 2025, Fifth Third repurchased $225 million of its common stock, which reduced shares outstanding by approximately 5.2 million at quarter end.

Tax Rate

The effective tax rate for the quarter was 21.2% compared with 18.8% in the prior quarter and 21.1% in the year-ago quarter.

Conference Call

Fifth Third will host a conference call to discuss these financial results at 9:00 a.m. (Eastern Time) today. This conference call will be webcast live and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on “About Us” then “Investor Relations”). Those unable to listen to the live webcast may access a webcast replay through the Fifth Third Investor Relations website at the same web address, which will be available for 30 days.

Corporate Profile

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com.

Earnings Release End Notes

(a)Non-GAAP measure; see discussion of non-GAAP reconciliation beginning on page 25.

(b)Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis.

(c)Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO.

(d)Regulatory capital ratios as of December 31, 2024, September 30, 2024, June 30, 2024 and March 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital.

(e)Current period regulatory capital ratios are estimated.

(f)Assumes a 24% tax rate.

(g)Nonperforming portfolio loans and leases as a percent of portfolio loans and leases.

FORWARD-LOOKING STATEMENTS

This release contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements other than statements of historical fact are forward-looking statements. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is anticipated,” “potential,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K as updated by our filings with the U.S. Securities and Exchange Commission (“SEC”).

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) deteriorating credit quality; (2) loan concentration by location or industry of borrowers or collateral; (3) problems encountered by other financial institutions; (4) inadequate sources of funding or liquidity; (5) unfavorable actions of rating agencies; (6) inability to maintain or grow deposits; (7) limitations on the ability to receive dividends from subsidiaries; (8) cyber-security risks; (9) Fifth Third’s ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; (10) failures by third-party service providers; (11) inability to manage strategic initiatives and/or organizational changes; (12) inability to implement technology system enhancements, including the use of artificial intelligence; (13) failure of internal controls and other risk management programs; (14) losses related to fraud, theft, misappropriation or violence; (15) inability to attract and retain skilled personnel; (16) adverse impacts of government regulation; (17) governmental or regulatory changes or other actions; (18) failures to meet applicable capital requirements; (19) regulatory objections to Fifth Third’s capital plan; (20) regulation of Fifth Third’s derivatives activities; (21) deposit insurance premiums; (22) assessments for the orderly liquidation fund; (23) weakness in the national or local economies; (24) global political and economic uncertainty or negative actions; (25) changes in interest rates and the effects of inflation; (26) changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; (27) changes and trends in capital markets; (28) fluctuation of Fifth Third’s stock price; (29) volatility in mortgage banking revenue; (30) litigation, investigations, and enforcement proceedings; (31) breaches of contractual covenants, representations and warranties; (32) competition and changes in the financial services industry; (33) potential impacts of the adoption of real-time payment networks; (34) changing retail distribution strategies, customer preferences and behavior; (35) difficulties in identifying, acquiring or integrating suitable strategic partnerships, investments or acquisitions; (36) potential dilution from future acquisitions; (37) loss of income and/or difficulties encountered in the sale and separation of businesses, investments or other assets; (38) results of investments or acquired entities; (39) changes in accounting standards or interpretation or declines in the value of Fifth Third’s goodwill or other intangible assets; (40) inaccuracies or other failures from the use of models; (41) effects of critical accounting policies and judgments or the use of inaccurate estimates; (42) weather-related events, other natural disasters, or health emergencies (including pandemics); (43) the impact of reputational risk created by these or other developments on such matters as business generation and retention, funding and liquidity; (44) changes in law or requirements imposed by Fifth Third’s regulators impacting our capital actions, including dividend payments and stock repurchases; and (45) Fifth Third's ability to meet its environmental and/or social targets, goals and commitments.

You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The information contained herein is intended to be reviewed in its totality, and any stipulations, conditions or provisos that apply to a given piece of information in one part of this press release should be read as applying mutatis mutandis to every other instance of such information appearing herein.

# # #

Quarterly Financial Review for March 31, 2025

Table of Contents




			Financial Highlights			13-14
			Consolidated Statements of Income			15-16
			Consolidated Balance Sheets			17-18
			Consolidated Statements of Changes in Equity			19
			Average Balance Sheets and Yield/Rate Analysis			20
			Summary of Loans and Leases			21
			Regulatory Capital			22
			Summary of Credit Loss Experience			23
			Asset Quality			24
			Non-GAAP Reconciliation			25-27
			Segment Presentation			28


Fifth Third Bancorp and Subsidiaries
Financial Highlights		As of and For the Three Months Ended						% / bps
$ in millions, except per share data								Change
(unaudited)		March		December		March
		2025		2024		2024		Seq	Yr/Yr
Income Statement Data
Net interest income		$1,437		$1,437		$1,384		—	4%
Net interest income (FTE)(a)		1,442		1,443		1,390		—	4%
Noninterest income		694		732		710		(5%)	(2%)
	Total revenue (FTE)(a)	2,136		2,175		2,100		(2%)	2%
Provision for credit losses		174		179		94		(3%)	85%
Noninterest expense		1,304		1,226		1,342		6%	(3%)
Net income		515		620		520		(17%)	(1%)
Net income available to common shareholders		478		582		480		(18%)	—

Earnings Per Share Data
Net income allocated to common shareholders		$478		$582		$480		(18%)	—
Average common shares outstanding (in thousands):
	Basic	671,052		675,307		685,750		(1%)	(2%)
	Diluted	676,040		681,456		690,634		(1%)	(2%)
Earnings per share, basic		$0.71		$0.86		$0.70		(17%)	1%
Earnings per share, diluted		0.71		0.85		0.70		(16%)	1%

Common Share Data
Cash dividends per common share		$0.37		$0.37		$0.35		—	6%
Book value per share		27.41		26.17		24.72		5%	11%
Market value per share		39.20		42.28		37.21		(7%)	5%
Common shares outstanding (in thousands)		667,272		669,854		683,812		—	(2%)
Market capitalization		$26,157		$28,321		$25,445		(8%)	3%

Financial Ratios
Return on average assets		0.99	%	1.17	%	0.98	%	(18)	1
Return on average common equity		10.8	%	13.0	%	11.6	%	(220)	(80)
Return on average tangible common equity(a)		15.2	%	18.4	%	17.0	%	(320)	(180)
Noninterest income as a percent of total revenue(a)		32	%	34	%	34	%	(200)	(200)
Dividend payout		52.1	%	43.0	%	50.0	%	910	210
Average total Bancorp shareholders’ equity as a percent of average assets		9.50	%	9.40	%	8.78	%	10	72
Tangible common equity(a)		8.07	%	8.03	%	7.77	%	4	30
Net interest margin (FTE)(a)		3.03	%	2.97	%	2.86	%	6	17
Efficiency (FTE)(a)		61.0	%	56.4	%	63.9	%	460	(290)
Effective tax rate		21.2	%	18.8	%	21.1	%	240	10

Credit Quality
Net losses charged-off		$136		$136		$110		—	24	%
Net losses charged-off as a percent of average portfolio loans and leases (annualized)		0.46	%	0.46	%	0.38	%	—	8
ALLL as a percent of portfolio loans and leases		1.95	%	1.96	%	1.99	%	(1)	(4)
ACL as a percent of portfolio loans and leases(g)		2.07	%	2.08	%	2.12	%	(1)	(5)
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO		0.81	%	0.71	%	0.64	%	10	17

Average Balances
Loans and leases, including held for sale		$121,764		$118,492		$117,699		3%	3%
Securities and other short-term investments		71,044		75,021		77,650		(5%)	(9%)
Assets		210,558		211,709		213,203		(1%)	(1%)
Transaction deposits(b)		151,431		154,114		152,357		(2%)	(1%)
Core deposits(c)		161,811		164,706		162,601		(2%)	—
Wholesale funding(d)		22,262		20,202		24,771		10%	(10%)
Bancorp shareholders' equity		20,000		19,893		18,727		1%	7%

Regulatory Capital Ratios(e)(f)
CET1 capital		10.45	%	10.57	%	10.47	%	(12)	(2)
Tier 1 risk-based capital		11.73	%	11.86	%	11.77	%	(13)	(4)
Total risk-based capital		13.66	%	13.86	%	13.81	%	(20)	(15)
Leverage		9.19	%	9.22	%	8.94	%	(3)	25

Additional Metrics
Banking centers		1,084		1,089		1,070		—	1%
ATMs		2,069		2,080		2,082		(1%)	(1%)
Full-time equivalent employees		18,786		18,616		18,657		1%	1%
Assets under care ($ in billions)(h)		$639		$634		$634		1%	1%
Assets under management ($ in billions)(h)		68		69		62		(1%)	10%

(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 25.

(b)Includes demand, interest checking, savings and money market deposits..

(c)Includes transaction deposits plus CDs $250,000 or less.

(d)Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.

(e)Current period regulatory capital ratios are estimates.

(f)Regulatory capital ratios as of December 31, 2024 and March 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital.

(g)The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.

(h)Assets under management and assets under care include trust and brokerage assets.


Fifth Third Bancorp and Subsidiaries
Financial Highlights
$ in millions, except per share data		As of and For the Three Months Ended
(unaudited)		March		December		September		June		March
		2025		2024		2024		2024		2024
Income Statement Data
Net interest income		$1,437		$1,437		$1,421		$1,387		$1,384
Net interest income (FTE)(a)		1,442		1,443		1,427		1,393		1,390
Noninterest income		694		732		711		695		710
	Total revenue (FTE)(a)	2,136		2,175		2,138		2,088		2,100
Provision for credit losses		174		179		160		97		94
Noninterest expense		1,304		1,226		1,244		1,221		1,342
Net income		515		620		573		601		520
Net income available to common shareholders		478		582		532		561		480

Earnings Per Share Data
Net income allocated to common shareholders		$478		$582		$532		$561		$480
Average common shares outstanding (in thousands):
	Basic	671,052		675,307		680,895		686,781		685,750
	Diluted	676,040		681,456		686,109		691,083		690,634
Earnings per share, basic		$0.71		$0.86		$0.78		$0.82		$0.70
Earnings per share, diluted		0.71		0.85		0.78		0.81		0.70

Common Share Data
Cash dividends per common share		$0.37		$0.37		$0.37		$0.35		$0.35
Book value per share		27.41		26.17		27.60		25.13		24.72
Market value per share		39.20		42.28		42.84		36.49		37.21
Common shares outstanding (in thousands)		667,272		669,854		676,269		680,789		683,812
Market capitalization		$26,157		$28,321		$28,971		$24,842		$25,445

Financial Ratios
Return on average assets		0.99	%	1.17	%	1.06	%	1.14	%	0.98	%
Return on average common equity		10.8	%	13.0	%	11.7	%	13.6	%	11.6	%
Return on average tangible common equity(a)		15.2	%	18.4	%	16.3	%	19.8	%	17.0	%
Noninterest income as a percent of total revenue(a)		32	%	34	%	33	%	33	%	34	%
Dividend payout		52.1	%	43.0	%	47.4	%	42.7	%	50.0	%
Average total Bancorp shareholders’ equity as a percent of average assets		9.50	%	9.40	%	9.47	%	8.80	%	8.78	%
Tangible common equity(a)		8.07	%	8.03	%	8.00	%	7.92	%	7.77	%
Net interest margin (FTE)(a)		3.03	%	2.97	%	2.90	%	2.88	%	2.86	%
Efficiency (FTE)(a)		61.0	%	56.4	%	58.2	%	58.5	%	63.9	%
Effective tax rate		21.2	%	18.8	%	21.3	%	21.3	%	21.1	%

Credit Quality
Net losses charged-off		$136		$136		$142		$144		$110
Net losses charged-off as a percent of average portfolio loans and leases (annualized)		0.46	%	0.46	%	0.48	%	0.49	%	0.38	%
ALLL as a percent of portfolio loans and leases		1.95	%	1.96	%	1.98	%	1.96	%	1.99	%
ACL as a percent of portfolio loans and leases(g)		2.07	%	2.08	%	2.09	%	2.08	%	2.12	%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO		0.81	%	0.71	%	0.62	%	0.55	%	0.64	%

Average Balances
Loans and leases, including held for sale		$121,764		$118,492		$117,415		$117,283		$117,699
Securities and other short-term investments		71,044		75,021		78,421		77,216		77,650
Assets		210,558		211,709		213,838		212,475		213,203
Transaction deposits(b)		151,431		154,114		153,154		151,680		152,357
Core deposits(c)		161,811		164,706		163,697		162,447		162,601
Wholesale funding(d)		22,262		20,202		23,415		24,180		24,771
Bancorp shareholders’ equity		20,000		19,893		20,251		18,707		18,727

Regulatory Capital Ratios(e)(f)
CET1 capital		10.45	%	10.57	%	10.75	%	10.62	%	10.47	%
Tier 1 risk-based capital		11.73	%	11.86	%	12.07	%	11.93	%	11.77	%
Total risk-based capital		13.66	%	13.86	%	14.13	%	13.95	%	13.81	%
Leverage		9.19	%	9.22	%	9.11	%	9.07	%	8.94	%

Additional Metrics
Banking centers		1,084		1,089		1,072		1,070		1,070
ATMs		2,069		2,080		2,060		2,067		2,082
Full-time equivalent employees		18,786		18,616		18,579		18,607		18,657
Assets under care ($ in billions)(h)		$639		$634		$635		$631		$634
Assets under management ($ in billions)(h)		68		69		69		65		62

(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 25.

(b)Includes demand, interest checking, savings and money market deposits.

(c)Includes transaction deposits plus CDs $250,000 or less.

(d)Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.

(e)Current period regulatory capital ratios are estimates.

(f)Regulatory capital ratios as of December 31, 2024, September 30, 2024, June 30, 2024 and March 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital.

(g)The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.

(h)Assets under management and assets under care include trust and brokerage assets.


Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millions	For the Three Months Ended			% Change
(unaudited)	March	December	March
	2025	2024	2024	Seq	Yr/Yr
Interest Income
Interest and fees on loans and leases	$1,816	$1,836	$1,859	(1%)	(2%)
Interest on securities	451	464	455	(3%)	(1%)
Interest on other short-term investments	165	228	294	(28%)	(44%)
Total interest income	2,432	2,528	2,608	(4%)	(7%)

Interest Expense
Interest on deposits	743	856	954	(13%)	(22%)
Interest on federal funds purchased	2	3	3	(33%)	(33%)
Interest on other short-term borrowings	56	22	47	155%	19%
Interest on long-term debt	194	210	220	(8%)	(12%)
Total interest expense	995	1,091	1,224	(9%)	(19%)

Net Interest Income	1,437	1,437	1,384	—	4%

Provision for credit losses	174	179	94	(3%)	85%
Net Interest Income After Provision for Credit Losses	1,263	1,258	1,290	—	(2%)

Noninterest Income
Wealth and asset management revenue	172	163	161	6%	7%
Commercial payments revenue	153	155	145	(1%)	6%
Consumer banking revenue	137	137	135	—	1%
Capital markets fees	90	123	97	(27%)	(7%)
Commercial banking revenue	80	109	85	(27%)	(6%)
Mortgage banking net revenue	57	57	54	—	6%
Other noninterest income (loss)	14	(4)	23	NM	(39%)
Securities (losses) gains, net	(9)	(8)	10	13%	NM

Total noninterest income	694	732	710	(5%)	(2%)

Noninterest Expense
Compensation and benefits	750	665	753	13%	—
Technology and communications	123	123	117	—	5%
Net occupancy expense	87	88	87	(1%)	—
Equipment expense	42	39	37	8%	14%
Loan and lease expense	30	36	29	(17%)	3%
Marketing expense	28	23	32	22%	(13%)
Card and processing expense	21	21	20	—	5%
Other noninterest expense	223	231	267	(3%)	(16%)
Total noninterest expense	1,304	1,226	1,342	6%	(3%)
Income Before Income Taxes	653	764	658	(15%)	(1%)
Applicable income tax expense	138	144	138	(4%)	—
Net Income	515	620	520	(17%)	(1%)
Dividends on preferred stock	37	38	40	(3%)	(8%)
Net Income Available to Common Shareholders	$478	$582	$480	(18%)	—


Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millions	For the Three Months Ended
(unaudited)	March	December	September	June	March
	2025	2024	2024	2024	2024
Interest Income
Interest and fees on loans and leases	$1,816	$1,836	$1,910	$1,871	$1,859
Interest on securities	451	464	461	458	455
Interest on other short-term investments	165	228	298	291	294
Total interest income	2,432	2,528	2,669	2,620	2,608

Interest Expense
Interest on deposits	743	856	968	958	954
Interest on federal funds purchased	2	3	2	3	3
Interest on other short-term borrowings	56	22	40	48	47
Interest on long-term debt	194	210	238	224	220
Total interest expense	995	1,091	1,248	1,233	1,224

Net Interest Income	1,437	1,437	1,421	1,387	1,384

Provision for credit losses	174	179	160	97	94
Net Interest Income After Provision for Credit Losses	1,263	1,258	1,261	1,290	1,290

Noninterest Income
Wealth and asset management revenue	172	163	163	159	161
Commercial payments revenue	153	155	154	154	145
Consumer banking revenue	137	137	143	139	135
Capital markets fees	90	123	111	93	97
Commercial banking revenue	80	109	93	90	85
Mortgage banking net revenue	57	57	50	50	54
Other noninterest income (loss)	14	(4)	(13)	7	23
Securities (losses) gains, net	(9)	(8)	10	3	10

Total noninterest income	694	732	711	695	710

Noninterest Expense
Compensation and benefits	750	665	690	656	753
Technology and communications	123	123	121	114	117
Net occupancy expense	87	88	81	83	87
Equipment expense	42	39	38	38	37
Loan and lease expense	30	36	34	33	29
Marketing expense	28	23	26	34	32
Card and processing expense	21	21	22	21	20
Other noninterest expense	223	231	232	242	267
Total noninterest expense	1,304	1,226	1,244	1,221	1,342
Income Before Income Taxes	653	764	728	764	658
Applicable income tax expense	138	144	155	163	138
Net Income	515	620	573	601	520
Dividends on preferred stock	37	38	41	40	40
Net Income Available to Common Shareholders	$478	$582	$532	$561	$480


Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share data	As of			% Change
(unaudited)	March	December	March
	2025	2024	2024	Seq		Yr/Yr
Assets
Cash and due from banks	$3,009	$3,014	$2,796	—		8%
Other short-term investments	14,965	17,120	22,840	(13%)		(34%)
Available-for-sale debt and other securities(a)	39,747	39,547	38,791	1%		2%
Held-to-maturity securities(b)	11,185	11,278	11,520	(1%)		(3%)
Trading debt securities	1,159	1,185	1,151	(2%)		1%
Equity securities	494	341	380	45%		30%
Loans and leases held for sale	473	640	339	(26%)		40%
Portfolio loans and leases:
Commercial and industrial loans	53,700	52,271	52,209	3%		3%
Commercial mortgage loans	12,357	12,246	11,346	1%		9%
Commercial construction loans	5,952	5,588	5,789	7%		3%
Commercial leases	3,128	3,188	2,572	(2%)		22%
Total commercial loans and leases	75,137	73,293	71,916	3%		4%
Residential mortgage loans	17,581	17,543	16,995	—		3%
Home equity	4,265	4,188	3,883	2%		10%
Indirect secured consumer loans	16,804	16,313	15,306	3%		10%
Credit card	1,660	1,734	1,737	(4%)		(4%)
Solar energy installation loans	4,262	4,202	3,871	1%		10%
Other consumer loans	2,482	2,518	2,777	(1%)		(11%)
Total consumer loans	47,054	46,498	44,569	1%		6%
Portfolio loans and leases	122,191	119,791	116,485	2%		5%
Allowance for loan and lease losses	(2,384)	(2,352)	(2,318)	1%		3%
Portfolio loans and leases, net	119,807	117,439	114,167	2%		5%
Bank premises and equipment	2,506	2,475	2,376	1%		5%
Operating lease equipment	314	319	427	(2%)		(26%)
Goodwill	4,918	4,918	4,918	—		—
Intangible assets	82	90	115	(9%)		(29%)
Servicing rights	1,663	1,704	1,756	(2%)		(5%)
Other assets	12,347	12,857	12,930	(4%)		(5%)
Total Assets	$212,669	$212,927	$214,506	—		(1%)

Liabilities
Deposits:
Demand	$40,855	$41,038	$41,849	—		(2%)
Interest checking	58,420	59,306	58,938	(1%)		(1%)
Savings	17,583	17,147	18,229	3%		(4%)
Money market	36,505	36,605	35,025	—		4%
CDs $250,000 or less	10,248	10,798	10,337	(5%)		(1%)
CDs over $250,000	1,894	2,358	5,209	(20%)		(64%)
Total deposits	165,505	167,252	169,587	(1%)		(2%)
Federal funds purchased	227	204	247	11%		(8%)
Other short-term borrowings	5,457	4,450	2,866	23%		90%
Accrued taxes, interest and expenses	1,722	2,137	1,965	(19%)		(12%)
Other liabilities	4,816	4,902	5,379	(2%)		(10%)
Long-term debt	14,539	14,337	15,444	1%		(6%)
Total Liabilities	192,266	193,282	195,488	(1%)		(2%)
Equity
Common stock(c)	2,051	2,051	2,051	—		—
Preferred stock	2,116	2,116	2,116	—		—
Capital surplus	3,773	3,804	3,742	(1%)		1%
Retained earnings	24,377	24,150	23,224	1%		5%
Accumulated other comprehensive loss	(3,895)	(4,636)	(4,888)	(16%)		(20%)
Treasury stock	(8,019)	(7,840)	(7,227)	2%		11%
Total Equity	20,403	19,645	19,018	4%		7%
Total Liabilities and Equity	$212,669	$212,927	$214,506	—		(1%)
(a) Amortized cost	$43,445	$43,878	$43,400	(1%)		—
(b) Market values	11,072	10,965	11,341	1	%	(2	%)
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized	2,000,000	2,000,000	2,000,000	—		—
Outstanding, excluding treasury	667,272	669,854	683,812	—		—
Treasury	256,621	254,039	240,080	1	%	—


Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share data	As of
(unaudited)	March	December	September	June	March
	2025	2024	2024	2024	2024
Assets
Cash and due from banks	$3,009	$3,014	$3,215	$2,837	$2,796
Other short-term investments	14,965	17,120	21,729	21,085	22,840
Available-for-sale debt and other securities(a)	39,747	39,547	40,396	38,986	38,791
Held-to-maturity securities(b)	11,185	11,278	11,358	11,443	11,520
Trading debt securities	1,159	1,185	1,176	1,132	1,151
Equity securities	494	341	428	476	380
Loans and leases held for sale	473	640	612	537	339
Portfolio loans and leases:
Commercial and industrial loans	53,700	52,271	50,916	51,840	52,209
Commercial mortgage loans	12,357	12,246	11,394	11,429	11,346
Commercial construction loans	5,952	5,588	5,947	5,806	5,789
Commercial leases	3,128	3,188	2,873	2,708	2,572
Total commercial loans and leases	75,137	73,293	71,130	71,783	71,916
Residential mortgage loans	17,581	17,543	17,166	17,040	16,995
Home equity	4,265	4,188	4,074	3,969	3,883
Indirect secured consumer loans	16,804	16,313	15,942	15,442	15,306
Credit card	1,660	1,734	1,703	1,733	1,737
Solar energy installation loans	4,262	4,202	4,078	3,951	3,871
Other consumer loans	2,482	2,518	2,575	2,661	2,777
Total consumer loans	47,054	46,498	45,538	44,796	44,569
Portfolio loans and leases	122,191	119,791	116,668	116,579	116,485
Allowance for loan and lease losses	(2,384)	(2,352)	(2,305)	(2,288)	(2,318)
Portfolio loans and leases, net	119,807	117,439	114,363	114,291	114,167
Bank premises and equipment	2,506	2,475	2,425	2,389	2,376
Operating lease equipment	314	319	357	392	427
Goodwill	4,918	4,918	4,918	4,918	4,918
Intangible assets	82	90	98	107	115
Servicing rights	1,663	1,704	1,656	1,731	1,756
Other assets	12,347	12,857	11,587	12,938	12,930
Total Assets	$212,669	$212,927	$214,318	$213,262	$214,506

Liabilities
Deposits:
Demand	$40,855	$41,038	$41,393	$40,617	$41,849
Interest checking	58,420	59,306	58,727	57,509	58,938
Savings	17,583	17,147	16,990	17,419	18,229
Money market	36,505	36,605	37,482	36,259	35,025
CDs $250,000 or less	10,248	10,798	10,480	10,882	10,337
CDs over $250,000	1,894	2,358	3,268	4,082	5,209
Total deposits	165,505	167,252	168,340	166,768	169,587
Federal funds purchased	227	204	169	194	247
Other short-term borrowings	5,457	4,450	1,424	3,370	2,866
Accrued taxes, interest and expenses	1,722	2,137	2,034	2,040	1,965
Other liabilities	4,816	4,902	4,471	5,371	5,379
Long-term debt	14,539	14,337	17,096	16,293	15,444
Total Liabilities	192,266	193,282	193,534	194,036	195,488
Equity
Common stock(c)	2,051	2,051	2,051	2,051	2,051
Preferred stock	2,116	2,116	2,116	2,116	2,116
Capital surplus	3,773	3,804	3,784	3,764	3,742
Retained earnings	24,377	24,150	23,820	23,542	23,224
Accumulated other comprehensive loss	(3,895)	(4,636)	(3,446)	(4,901)	(4,888)
Treasury stock	(8,019)	(7,840)	(7,541)	(7,346)	(7,227)
Total Equity	20,403	19,645	20,784	19,226	19,018
Total Liabilities and Equity	$212,669	$212,927	$214,318	$213,262	$214,506
(a) Amortized cost	$43,445	$43,878	$43,754	$43,596	$43,400
(b) Market values	11,072	10,965	11,554	11,187	11,341
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000
Outstanding, excluding treasury	667,272	669,854	676,269	680,789	683,812
Treasury	256,621	254,039	247,624	243,103	240,080


Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Changes in Equity
$ in millions
(unaudited)
			For the Three Months Ended
			March	March
			2025	2024
Total Equity, Beginning			$19,645	$19,172
Net income			515	520
Other comprehensive income (loss), net of tax:
Change in unrealized gains (losses):
		Available-for-sale debt securities	481	(179)
		Qualifying cash flow hedges	235	(247)
Amortization of unrealized losses on securities transferred to held-to-maturity			25	25


Comprehensive income			1,256	119
Cash dividends declared:
	Common stock		(251)	(243)
	Preferred stock		(37)	(40)
Impact of stock transactions under stock compensation plans, net			16	20
Shares acquired for treasury			(226)	—
Impact of cumulative effect of change in accounting principle			—	(10)
Total Equity, Ending			$20,403	$19,018


Fifth Third Bancorp and Subsidiaries
Average Balance Sheets and Yield/Rate Analysis	For the Three Months Ended
$ in millions	March			December			March
(unaudited)	2025			2024			2024
	Average	Average		Average	Average		Average	Average
	Balance	Yield/Rate		Balance	Yield/Rate		Balance	Yield/Rate
Assets
Interest-earning assets:
Loans and leases:
Commercial and industrial loans(a)	$53,430	6.22	%	$51,575	6.65	%	$53,256	7.08	%
Commercial mortgage loans(a)	12,388	5.97	%	11,822	5.76	%	11,339	6.28	%
Commercial construction loans(a)	5,813	6.92	%	5,711	6.58	%	5,732	7.20	%
Commercial leases(a)	3,110	4.80	%	2,902	4.62	%	2,543	4.24	%
Total commercial loans and leases	74,741	6.17	%	72,010	6.42	%	72,870	6.87	%
Residential mortgage loans	17,980	3.96	%	17,906	3.80	%	17,268	3.55	%
Home equity	4,222	7.57	%	4,125	7.95	%	3,933	8.29	%
Indirect secured consumer loans	16,476	5.57	%	16,100	5.53	%	15,172	4.93	%
Credit card	1,627	14.76	%	1,668	14.24	%	1,773	13.73	%
Solar energy installation loans	4,221	8.03	%	4,137	7.91	%	3,794	7.77	%
Other consumer loans	2,497	9.37	%	2,546	9.28	%	2,889	8.96	%
Total consumer loans	47,023	5.88	%	46,482	5.81	%	44,829	5.54	%
Total loans and leases	121,764	6.06	%	118,492	6.18	%	117,699	6.36	%
Securities:
Taxable securities	55,205	3.25	%	55,319	3.27	%	55,016	3.26	%
Tax exempt securities(a)	1,393	3.18	%	1,383	3.18	%	1,440	3.27	%
Other short-term investments	14,446	4.64	%	18,319	4.94	%	21,194	5.58	%
Total interest-earning assets	192,808	5.13	%	193,513	5.21	%	195,349	5.38	%
Cash and due from banks	2,388			2,664			2,743
Other assets	17,714			17,838			17,432
Allowance for loan and lease losses	(2,352)			(2,306)			(2,321)
Total Assets	$210,558			$211,709			$213,203

Liabilities
Interest-bearing liabilities:
Interest checking deposits	$57,964	2.69	%	$59,441	2.98	%	$58,822	3.38	%
Savings deposits	17,226	0.53	%	17,257	0.64	%	18,107	0.69	%
Money market deposits	36,453	2.43	%	37,279	2.65	%	34,589	2.91	%
CDs $250,000 or less	10,380	3.61	%	10,592	3.95	%	10,244	4.15	%
Total interest-bearing core deposits	122,023	2.39	%	124,569	2.64	%	121,762	2.91	%
CDs over $250,000	2,346	4.43	%	2,531	4.83	%	5,521	5.22	%

Total interest-bearing deposits	124,369	2.42	%	127,100	2.68	%	127,283	3.01	%
Federal funds purchased	194	4.38	%	223	4.73	%	201	5.41	%
Securities sold under repurchase agreements	286	0.92	%	313	1.15	%	366	1.82	%
FHLB advances	4,767	4.62	%	1,567	4.87	%	3,111	5.72	%
Derivative collateral and other secured borrowings	84	6.46	%	76	7.68	%	57	7.21	%
Long-term debt	14,585	5.38	%	15,492	5.40	%	15,515	5.71	%
Total interest-bearing liabilities	144,285	2.80	%	144,771	3.00	%	146,533	3.36	%
Demand deposits	39,788			40,137			40,839
Other liabilities	6,485			6,908			7,104
Total Liabilities	190,558			191,816			194,476
Total Equity	20,000			19,893			18,727
Total Liabilities and Equity	$210,558			$211,709			$213,203
Ratios:
Net interest margin (FTE)(b)		3.03	%		2.97	%		2.86	%
Net interest rate spread (FTE)(b)		2.33	%		2.21	%		2.02	%
Interest-bearing liabilities to interest-earning assets		74.83	%		74.81	%		75.01	%
(a) Average Yield/Rate of these assets are presented on an FTE basis.
(b) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 25.


Fifth Third Bancorp and Subsidiaries
Summary of Loans and Leases
$ in millions	For the Three Months Ended
(unaudited)	March	December	September	June	March
	2025	2024	2024	2024	2024
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$53,401	$51,567	$51,615	$52,357	$53,183
Commercial mortgage loans	12,368	11,792	11,488	11,352	11,339
Commercial construction loans	5,797	5,702	5,981	5,917	5,732
Commercial leases	3,110	2,902	2,685	2,575	2,542
Total commercial loans and leases	74,676	71,963	71,769	72,201	72,796
Consumer loans:
Residential mortgage loans	17,552	17,322	17,031	17,004	16,977
Home equity	4,222	4,125	4,018	3,929	3,933
Indirect secured consumer loans	16,476	16,100	15,680	15,373	15,172
Credit card	1,627	1,668	1,708	1,728	1,773
Solar energy installation loans	4,221	4,137	3,990	3,916	3,794
Other consumer loans	2,498	2,545	2,630	2,740	2,889
Total consumer loans	46,596	45,897	45,057	44,690	44,538
Total average portfolio loans and leases	$121,272	$117,860	$116,826	$116,891	$117,334

Average Loans and Leases Held for Sale
Commercial loans and leases held for sale	$64	$48	$16	$33	$74
Consumer loans held for sale	428	584	573	359	291
Average loans and leases held for sale	$492	$632	$589	$392	$365

End of Period Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$53,700	$52,271	$50,916	$51,840	$52,209
Commercial mortgage loans	12,357	12,246	11,394	11,429	11,346
Commercial construction loans	5,952	5,588	5,947	5,806	5,789
Commercial leases	3,128	3,188	2,873	2,708	2,572
Total commercial loans and leases	75,137	73,293	71,130	71,783	71,916
Consumer loans:
Residential mortgage loans	17,581	17,543	17,166	17,040	16,995
Home equity	4,265	4,188	4,074	3,969	3,883
Indirect secured consumer loans	16,804	16,313	15,942	15,442	15,306
Credit card	1,660	1,734	1,703	1,733	1,737
Solar energy installation loans	4,262	4,202	4,078	3,951	3,871
Other consumer loans	2,482	2,518	2,575	2,661	2,777
Total consumer loans	47,054	46,498	45,538	44,796	44,569
Total portfolio loans and leases	$122,191	$119,791	$116,668	$116,579	$116,485

End of Period Loans and Leases Held for Sale
Commercial loans and leases held for sale	$28	$66	$100	$25	$32
Consumer loans held for sale	445	574	512	512	307
Loans and leases held for sale	$473	$640	$612	$537	$339

Operating lease equipment	$314	$319	$357	$392	$427

Loans and Leases Serviced for Others(a)
Commercial and industrial loans	$1,104	$1,071	$1,178	$1,201	$1,197
Commercial mortgage loans	603	579	515	616	632
Commercial construction loans	367	348	342	309	293
Commercial leases	755	725	773	730	703
Residential mortgage loans	92,769	94,225	95,808	97,280	99,596
Solar energy installation loans	575	593	610	625	641
Other consumer loans	112	119	126	133	139
Total loans and leases serviced for others	96,285	97,660	99,352	100,894	103,201
Total loans and leases owned or serviced	$219,263	$218,410	$216,989	$218,402	$220,452

(a)Fifth Third sells certain loans and leases and obtains servicing responsibilities.


Fifth Third Bancorp and Subsidiaries
Regulatory Capital
$ in millions		As of
(unaudited)		March		December		September		June		March
		2025(a)		2024		2024		2024		2024
Regulatory Capital(b)
CET1 capital		$17,239		$17,339		$17,272		$17,160		$16,931
Additional tier 1 capital		2,116		2,116		2,116		2,116		2,116
Tier 1 capital		19,355		19,455		19,388		19,276		19,047
Tier 2 capital		3,171		3,291		3,303		3,275		3,288
Total regulatory capital		$22,526		$22,746		$22,691		$22,551		$22,335
Risk-weighted assets		$164,956		$164,102		$160,604		$161,636		$161,769

Ratios
Average total Bancorp shareholders' equity as a percent of average assets		9.50	%	9.40	%	9.47	%	8.80	%	8.78	%

Regulatory Capital Ratios(b)
Fifth Third Bancorp
	CET1 capital	10.45	%	10.57	%	10.75	%	10.62	%	10.47	%
	Tier 1 risk-based capital	11.73	%	11.86	%	12.07	%	11.93	%	11.77	%
	Total risk-based capital	13.66	%	13.86	%	14.13	%	13.95	%	13.81	%
	Leverage	9.19	%	9.22	%	9.11	%	9.07	%	8.94	%

Fifth Third Bank, National Association
	Tier 1 risk-based capital	12.80	%	12.86	%	12.99	%	12.81	%	12.65	%
	Total risk-based capital	14.05	%	14.19	%	14.32	%	14.14	%	13.99	%
	Leverage	10.10	%	10.02	%	9.82	%	9.76	%	9.61	%

(a)Current period regulatory capital data and ratios are estimated.

(b)Regulatory capital ratios as of December 31, 2024, September 30, 2024, June 30, 2024 and March 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital.


Fifth Third Bancorp and Subsidiaries
Summary of Credit Loss Experience
$ in millions	For the Three Months Ended
(unaudited)	March		December		September		June		March
	2025		2024		2024		2024		2024
Average portfolio loans and leases:
Commercial and industrial loans	$53,401		$51,567		$51,615		$52,357		$53,183
Commercial mortgage loans	12,368		11,792		11,488		11,352		11,339
Commercial construction loans	5,797		5,702		5,981		5,917		5,732
Commercial leases	3,110		2,902		2,685		2,575		2,542
Total commercial loans and leases	74,676		71,963		71,769		72,201		72,796
Residential mortgage loans	17,552		17,322		17,031		17,004		16,977
Home equity	4,222		4,125		4,018		3,929		3,933
Indirect secured consumer loans	16,476		16,100		15,680		15,373		15,172
Credit card	1,627		1,668		1,708		1,728		1,773
Solar energy installation loans	4,221		4,137		3,990		3,916		3,794
Other consumer loans	2,498		2,545		2,630		2,740		2,889
Total consumer loans	46,596		45,897		45,057		44,690		44,538
Total average portfolio loans and leases	$121,272		$117,860		$116,826		$116,891		$117,334

Losses charged-off:
Commercial and industrial loans	($54)		($61)		($80)		($83)		($40)
Commercial mortgage loans	(11)		—		—		—		—
Commercial construction loans	—		—		—		—		—
Commercial leases	(2)		(2)		—		—		—
Total commercial loans and leases	(67)		(63)		(80)		(83)		(40)
Residential mortgage loans	—		(1)		—		(1)		—
Home equity	(2)		(2)		(1)		(1)		(2)
Indirect secured consumer loans	(36)		(39)		(35)		(31)		(35)
Credit card	(22)		(21)		(21)		(22)		(23)
Solar energy installation loans	(21)		(20)		(16)		(14)		(14)
Other consumer loans	(25)		(29)		(30)		(30)		(32)
Total consumer loans	(106)		(112)		(103)		(99)		(106)
Total losses charged-off	($173)		($175)		($183)		($182)		($146)

Recoveries of losses previously charged-off:
Commercial and industrial loans	$2		$6		$8		$3		$5
Commercial mortgage loans	1		—		—		—		—
Commercial construction loans	—		—		—		—		—
Commercial leases	—		—		—		—		—
Total commercial loans and leases	3		6		8		3		5
Residential mortgage loans	—		1		1		1		—
Home equity	2		2		1		2		2
Indirect secured consumer loans	15		12		13		14		11
Credit card	5		4		5		5		5
Solar energy installation loans	3		3		2		2		2
Other consumer loans	9		11		11		11		11
Total consumer loans	34		33		33		35		31
Total recoveries of losses previously charged-off	$37		$39		$41		$38		$36

Net losses charged-off:
Commercial and industrial loans	($52)		($55)		($72)		($80)		($35)
Commercial mortgage loans	(10)		—		—		—		—
Commercial construction loans	—		—		—		—		—
Commercial leases	(2)		(2)		—		—		—
Total commercial loans and leases	(64)		(57)		(72)		(80)		(35)
Residential mortgage loans	—		—		1		—		—
Home equity	—		—		—		1		—
Indirect secured consumer loans	(21)		(27)		(22)		(17)		(24)
Credit card	(17)		(17)		(16)		(17)		(18)
Solar energy installation loans	(18)		(17)		(14)		(12)		(12)
Other consumer loans	(16)		(18)		(19)		(19)		(21)
Total consumer loans	(72)		(79)		(70)		(64)		(75)
Total net losses charged-off	($136)		($136)		($142)		($144)		($110)

Net losses charged-off as a percent of average portfolio loans and leases (annualized):
Commercial and industrial loans	0.39	%	0.42	%	0.55	%	0.61	%	0.27	%
Commercial mortgage loans	0.34	%	0.01	%	—		0.01	%	—
Commercial construction loans	—		—		—		—		—
Commercial leases	0.29	%	0.32	%	(0.01	%)	(0.01	%)	(0.04	%)
Total commercial loans and leases	0.35	%	0.32	%	0.40	%	0.45	%	0.19	%
Residential mortgage loans	—		(0.01	%)	(0.02	%)	(0.01	%)	(0.01	%)
Home equity	0.04	%	(0.01	%)	(0.02	%)	(0.05	%)	0.03	%
Indirect secured consumer loans	0.53	%	0.66	%	0.54	%	0.46	%	0.64	%
Credit card	4.19	%	4.00	%	3.74	%	3.98	%	4.19	%
Solar energy installation loans	1.73	%	1.64	%	1.44	%	1.25	%	1.31	%
Other consumer loans	2.52	%	2.84	%	3.00	%	2.61	%	2.71	%
Total consumer loans	0.63	%	0.68	%	0.62	%	0.57	%	0.67	%
Total net losses charged-off as a percent of average portfolio loans and leases (annualized)	0.46	%	0.46	%	0.48	%	0.49	%	0.38	%


Fifth Third Bancorp and Subsidiaries
Asset Quality
$ in millions	For the Three Months Ended
(unaudited)	March		December		September		June		March
	2025		2024		2024		2024		2024
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$2,352		$2,305		$2,288		$2,318		$2,322
Total net losses charged-off	(136)		(136)		(142)		(144)		(110)
Provision for loan and lease losses	168		183		159		114		106
Allowance for loan and lease losses, ending	$2,384		$2,352		$2,305		$2,288		$2,318

Reserve for unfunded commitments, beginning	$134		$138		$137		$154		$166
Provision for (benefit from) the reserve for unfunded commitments	6		(4)		1		(17)		(12)
Reserve for unfunded commitments, ending	$140		$134		$138		$137		$154

Components of allowance for credit losses:
Allowance for loan and lease losses	$2,384		$2,352		$2,305		$2,288		$2,318
Reserve for unfunded commitments	140		134		138		137		154
Total allowance for credit losses	$2,524		$2,486		$2,443		$2,425		$2,472

	As of
	March		December		September		June		March
	2025		2024		2024		2024		2024
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$537		$374		$255		$234		$332
Commercial mortgage loans	70		79		78		38		39
Commercial construction loans	—		1		1		1		1
Commercial leases	16		2		—		1		—
Residential mortgage loans	145		137		131		129		137
Home equity	69		70		67		61		60
Indirect secured consumer loans	60		55		50		36		32
Credit card	31		32		31		31		32
Solar energy installation loans	30		64		64		66		65
Other consumer loans	8		9		9		9		10
Total nonaccrual portfolio loans and leases	966		823		686		606		708
Repossessed property	9		9		11		9		8
OREO	21		21		28		28		27
Total nonperforming portfolio loans and leases and OREO	996		853		725		643		743
Nonaccrual loans held for sale	21		7		8		4		5
Total nonperforming assets	$1,017		$860		$733		$647		$748

Loans and leases 90 days past due (accrual):
Commercial and industrial loans	$2		$5		$10		$3		$9
Commercial mortgage loans	6		—		3		1		—

Commercial leases	—		1		1		4		2
Total commercial loans and leases	8		6		14		8		11
Residential mortgage loans(c)	8		6		8		8		5


Credit card	17		20		18		17		19


Total consumer loans	25		26		26		25		24
Total loans and leases 90 days past due (accrual)(b)	$33		$32		$40		$33		$35
Ratios
Net losses charged-off as a percent of average portfolio loans and leases (annualized)	0.46	%	0.46	%	0.48	%	0.49	%	0.38	%
Allowance for credit losses:
As a percent of portfolio loans and leases	2.07	%	2.08	%	2.09	%	2.08	%	2.12	%
As a percent of nonperforming portfolio loans and leases(a)	261	%	302	%	356	%	400	%	349	%
As a percent of nonperforming portfolio assets(a)	253	%	291	%	337	%	377	%	333	%
Nonperforming portfolio loans and leases as a percent of portfolio loans and leases(a)	0.79	%	0.69	%	0.59	%	0.52	%	0.61	%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a)	0.81	%	0.71	%	0.62	%	0.55	%	0.64	%
Nonperforming assets as a percent of total loans and leases, OREO, and repossessed property	0.83	%	0.71	%	0.62	%	0.55	%	0.64	%
(a) Excludes nonaccrual loans held for sale.
(b) Excludes loans held for sale.
(c) Excludes government guaranteed residential mortgage loans.

Use of Non-GAAP Financial Measures

In addition to GAAP measures, management considers various non-GAAP measures when evaluating the performance of the business, including: “net interest income (FTE),” “interest income (FTE),” “net interest margin (FTE),” “net interest rate spread (FTE),” “income before income taxes (FTE),” “tangible net income available to common shareholders,” “average tangible common equity,” “return on average tangible common equity,” “tangible common equity (excluding AOCI),” “tangible common equity (including AOCI),” “tangible equity,” “tangible book value per share,” “tangible book value per share (excluding AOCI),” “adjusted noninterest income,” “noninterest income excluding certain items,” “adjusted noninterest expense,” “noninterest expense excluding certain items,” “pre-provision net revenue,” “adjusted efficiency ratio,” “adjusted return on average common equity,” “adjusted return on average tangible common equity,” “adjusted return on average tangible common equity, excluding accumulated other comprehensive income", “adjusted pre-provision net revenue,” “adjusted return on average assets,” “efficiency ratio (FTE),” “total revenue (FTE),” “noninterest income as a percent of total revenue”, and certain ratios derived from these measures. The Bancorp believes these non-GAAP measures provide useful information to investors because these are among the measures used by the Fifth Third management team to evaluate operating performance and to make day-to-day operating decisions.

The FTE basis adjusts for the tax-favored status of income from certain loans and securities held by the Bancorp that are not taxable for federal income tax purposes. The Bancorp believes this presentation to be the preferred industry measurement of net interest income and net interest margin as it provides a relevant comparison between taxable and non-taxable amounts.

The Bancorp believes tangible net income available to common shareholders, average tangible common equity, tangible common equity (excluding AOCI), tangible common equity (including AOCI), tangible equity, tangible book value per share and return on average tangible common equity are important measures for evaluating the performance of the business without the impacts of intangible items, whether acquired or created internally, in a manner comparable to other companies in the industry who present similar measures.

The Bancorp believes noninterest income, noninterest expense, net interest income, net interest margin, pre-provision net revenue, efficiency ratio, noninterest income as a percent of total revenue, return on average common equity, return on average tangible common equity, and return on average assets are important measures that adjust for significant, unusual, or large transactions that may occur in a reporting period which management does not consider indicative of ongoing financial performance and enhances comparability of results with prior periods.

The Bancorp believes noninterest income excluding certain items and noninterest expense excluding certain items are important measures that adjust for certain components that are prone to significant period-to-period changes in order to facilitate the explanation of variances in the noninterest income and noninterest expense line items.

Management considers various measures when evaluating capital utilization and adequacy, including the tangible equity and tangible common equity (including and excluding AOCI), in addition to capital ratios defined by U.S. banking agencies. These calculations are intended to complement the capital ratios defined by U.S. banking agencies for both absolute and comparative purposes. These ratios are not formally defined by U.S. GAAP or codified in the federal banking regulations and, therefore, are considered to be non-GAAP financial measures. Management believes that providing the tangible common equity ratio excluding AOCI on certain assets and liabilities enables investors and others to assess the Bancorp’s use of equity without the effects of changes in AOCI, some of which are uncertain; providing the tangible common equity ratio including AOCI enables investors and others to assess the Bancorp’s use of equity if components of AOCI, such as unrealized gains or losses, were to be monetized.

Please note that although non-GAAP financial measures provide useful insight, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures.

Please see reconciliations of all historical non-GAAP measures used in this release to the most directly comparable GAAP measures, beginning on the following page.


Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ and shares in millions		As of and For the Three Months Ended
(unaudited)		March		December		September		June		March
		2025		2024		2024		2024		2024
Net interest income		$1,437		$1,437		$1,421		$1,387		$1,384
Add: Taxable equivalent adjustment		5		6		6		6		6
Net interest income (FTE) (a)		1,442		1,443		1,427		1,393		1,390

Net interest income (annualized) (b)		5,828		5,717		5,653		5,578		5,566
Net interest income (FTE) (annualized) (c)		5,848		5,741		5,677		5,603		5,591

Interest income		2,432		2,528		2,669		2,620		2,608
Add: Taxable equivalent adjustment		5		6		6		6		6
Interest income (FTE)		2,437		2,534		2,675		2,626		2,614
Interest income (FTE) (annualized) (d)		9,883		10,081		10,642		10,562		10,513

Interest expense (annualized) (e)		4,035		4,340		4,965		4,959		4,923
Average interest-earning assets (f)		192,808		193,513		195,836		194,499		195,349
Average interest-bearing liabilities (g)		144,285		144,771		147,092		146,361		146,533

Net interest margin (b) / (f)		3.02	%	2.95	%	2.89	%	2.87	%	2.85	%
Net interest margin (FTE) (c) / (f)		3.03	%	2.97	%	2.90	%	2.88	%	2.86	%
Net interest rate spread (FTE) (d) / (f) - (e) / (g)		2.33	%	2.21	%	2.05	%	2.04	%	2.02	%

Income before income taxes		$653		$764		$728		$764		$658
Add: Taxable equivalent adjustment		5		6		6		6		6
Income before income taxes (FTE)		658		770		734		770		664

Net income available to common shareholders		478		582		532		561		480
Add: Intangible amortization, net of tax		6		7		7		7		8
Tangible net income available to common shareholders (h)		484		589		539		568		488
Tangible net income available to common shareholders (annualized) (i)		1,963		2,343		2,144		2,284		1,963

Average Bancorp shareholders’ equity		20,000		19,893		20,251		18,707		18,727
Less:	Average preferred stock	(2,116)		(2,116)		(2,116)		(2,116)		(2,116)
	Average goodwill	(4,918)		(4,918)		(4,918)		(4,918)		(4,918)
	Average intangible assets	(86)		(94)		(103)		(111)		(121)
Average tangible common equity, including AOCI (j)		12,880		12,765		13,114		11,562		11,572
Less:	Average AOCI	4,362		4,292		3,914		5,278		4,938
Average tangible common equity, excluding AOCI (k)		17,242		17,057		17,028		16,840		16,510

Total Bancorp shareholders’ equity		20,403		19,645		20,784		19,226		19,018
Less:	Preferred stock	(2,116)		(2,116)		(2,116)		(2,116)		(2,116)
	Goodwill	(4,918)		(4,918)		(4,918)		(4,918)		(4,918)
	Intangible assets	(82)		(90)		(98)		(107)		(115)
Tangible common equity, including AOCI (l)		13,287		12,521		13,652		12,085		11,869
Less:	AOCI	3,895		4,636		3,446		4,901		4,888
Tangible common equity, excluding AOCI (m)		17,182		17,157		17,098		16,986		16,757
Add:	Preferred stock	2,116		2,116		2,116		2,116		2,116
Tangible equity (n)		19,298		19,273		19,214		19,102		18,873

Total assets		212,669		212,927		214,318		213,262		214,506
Less:	Goodwill	(4,918)		(4,918)		(4,918)		(4,918)		(4,918)
	Intangible assets	(82)		(90)		(98)		(107)		(115)
Tangible assets, including AOCI (o)		207,669		207,919		209,302		208,237		209,473
Less:	AOCI, before tax	5,125		5,868		4,362		6,204		6,187
Tangible assets, excluding AOCI (p)		$212,794		$213,787		$213,664		$214,441		$215,660

Common shares outstanding (q)		667		670		676		681		684

Tangible equity (n) / (p)		9.07	%	9.02	%	8.99	%	8.91	%	8.75	%
Tangible common equity (excluding AOCI) (m) / (p)		8.07	%	8.03	%	8.00	%	7.92	%	7.77	%
Tangible common equity (including AOCI) (l) / (o)		6.40	%	6.02	%	6.52	%	5.80	%	5.67	%
Tangible book value per share (including AOCI) (l) / (q)		$19.92		$18.69		$20.20		$17.75		$17.35
Tangible book value per share (excluding AOCI) (m) / (q)		$25.76		$25.61		$25.29		$24.94		$24.50


Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ in millions		For the Three Months Ended
(unaudited)		March		December		March
		2025		2024		2024
Net income (r)		$515		$620		$520
Net income (annualized) (s)		2,089		2,467		2,091

Adjustments (pre-tax items)
	Valuation of Visa total return swap	18		51		17
	Fifth Third Foundation contribution	—		15		—
	Mastercard litigation	—		4		5
	FDIC special assessment	—		(11)		33



Adjustments, after-tax (t)(a) (b)		14		45		42





Adjustments (tax related items)
	Benefit related to the resolution of certain state income tax matters	—		(15)		—
Adjustments (tax related items) (u)		—		(15)		—







Noninterest income (v)		694		732		710
	Valuation of Visa total return swap	18		51		17

Adjusted noninterest income (w)		712		783		727

Noninterest expense (x)		1,304		1,226		1,342
	Fifth Third Foundation contribution	—		(15)		—
	Mastercard litigation	—		(4)		(5)
	FDIC special assessment	—		11		(33)

Adjusted noninterest expense (y)		1,304		1,218		1,304



Adjusted net income (r) + (t) + (u)		529		650		562
Adjusted net income (annualized) (z)		2,145		2,586		2,260

Adjusted tangible net income available to common shareholders (h) + (t) + (u)		498		619		530
Adjusted tangible net income available to common shareholders (annualized) (aa)		2,020		2,463		2,132

Average assets (ab)		$210,558		$211,709		$213,203

Return on average tangible common equity (i) / (j)		15.2	%	18.4	%	17.0	%
Return on average tangible common equity excluding AOCI (i) / (k)		11.4	%	13.7	%	11.9	%
Adjusted return on average tangible common equity, including AOCI (aa) / (j)		15.7	%	19.3	%	18.4	%
Adjusted return on average tangible common equity, excluding AOCI (aa) / (k)		11.7	%	14.4	%	12.9	%

Return on average assets (s) / (ab)		0.99	%	1.17	%	0.98	%
Adjusted return on average assets (z) / (ab)		1.02	%	1.22	%	1.06	%
Efficiency ratio (FTE) (x) / [(a) + (v)]		61.0	%	56.4	%	63.9	%
Adjusted efficiency ratio (y) / [(a) + (w)]		60.5	%	54.7	%	61.6	%


Total revenue (FTE) (a) + (v)		$2,136		$2,175		$2,100
Adjusted total revenue (FTE) (a) + (w)		$2,154		$2,226		$2,117
Pre-provision net revenue (PPNR) (a) + (v) - (x)		$832		$949		$758
Adjusted pre-provision net revenue (PPNR) (a) + (w) - (y)		$850		$1,008		$813
Totals may not foot due to rounding.
(a) Assumes a 23% tax rate in 2024 and a 24% tax rate in 2025.
(b) A portion of the adjustments related to legal settlements and remediations are not tax-deductible.


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

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)	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)	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)	466	647	54	(433)	734



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

Net interest income (FTE)(a)	$634	$1,081	$54	$(376)	$1,393
(Provision for) benefit from credit losses	(137)	(70)	—	110	(97)
Net interest income after (provision for) benefit from credit losses	497	1,011	54	(266)	1,296
Noninterest income	320	275	98	2	695
Noninterest expense	(445)	(638)	(93)	(45)	(1,221)
Income (loss) before income taxes (FTE)	372	648	59	(309)	770



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

Net interest income (FTE)(a)	$663	$1,152	$59	$(484)	$1,390
(Provision for) benefit from credit losses	(71)	(84)	—	61	(94)
Net interest income after (provision for) benefit from credit losses	592	1,068	59	(423)	1,296
Noninterest income	325	267	102	16	710
Noninterest expense	(490)	(650)	(103)	(99)	(1,342)
Income (loss) before income taxes (FTE)	427	685	58	(506)	664


(a) Includes taxable equivalent adjustments of $5 million for the three months ended March 31, 2025 and $6 million for the three months ended December 31, 2024, September 30, 2024, June 30, 2024 and March 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.

© Fifth Third Bancorp | All Rights Reserved This presentation contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements other than statements of historical fact are forward-looking statements. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is anticipated,” “potential,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K as updated by our filings with the U.S. Securities and Exchange Commission (“SEC”). There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) deteriorating credit quality; (2) loan concentration by location or industry of borrowers or collateral; (3) problems encountered by other financial institutions; (4) inadequate sources of funding or liquidity; (5) unfavorable actions of rating agencies; (6) inability to maintain or grow deposits; (7) limitations on the ability to receive dividends from subsidiaries; (8) cyber-security risks; (9) Fifth Third’s ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; (10) failures by third-party service providers; (11) inability to manage strategic initiatives and/or organizational changes; (12) inability to implement technology system enhancements, including the use of artificial intelligence; (13) failure of internal controls and other risk management programs; (14) losses related to fraud, theft, misappropriation or violence; (15) inability to attract and retain skilled personnel; (16) adverse impacts of government regulation; (17) governmental or regulatory changes or other actions; (18) failures to meet applicable capital requirements; (19) regulatory objections to Fifth Third’s capital plan; (20) regulation of Fifth Third’s derivatives activities; (21) deposit insurance premiums; (22) assessments for the orderly liquidation fund; (23) weakness in the national or local economies; (24) global political and economic uncertainty or negative actions; (25) changes in interest rates and the effects of inflation; (26) changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; (27) changes and trends in capital markets; (28) fluctuation of Fifth Third’s stock price; (29) volatility in mortgage banking revenue; (30) litigation, investigations, and enforcement proceedings; (31) breaches of contractual covenants, representations and warranties; (32) competition and changes in the financial services industry; (33) potential impacts of the adoption of real-time payment networks; (34) changing retail distribution strategies, customer preferences and behavior; (35) difficulties in identifying, acquiring or integrating suitable strategic partnerships, investments or acquisitions; (36) potential dilution from future acquisitions; (37) loss of income and/or difficulties encountered in the sale and separation of businesses, investments or other assets; (38) results of investments or acquired entities; (39) changes in accounting standards or interpretation or declines in the value of Fifth Third’s goodwill or other intangible assets; (40) inaccuracies or other failures from the use of models; (41) effects of critical accounting policies and judgments or the use of inaccurate estimates; (42) weather-related events, other natural disasters, or health emergencies (including pandemics); (43) the impact of reputational risk created by these or other developments on such matters as business generation and retention, funding and liquidity; (44) changes in law or requirements imposed by Fifth Third’s regulators impacting our capital actions, including dividend payments and stock repurchases; and (45) Fifth Third's ability to meet its environmental and/or social targets, goals and commitments. You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The information contained herein is intended to be reviewed in its totality, and any stipulations, conditions or provisos that apply to a given piece of information in one part of this press release should be read as applying mutatis mutandis to every other instance of such information appearing herein. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. In this presentation, we may sometimes provide non-GAAP financial information. Please note that although non-GAAP financial measures provide useful insight to analysts, investors and regulators, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures. We provide a discussion of non-GAAP measures and reconciliations to the most directly comparable GAAP measures in later slides in this presentation, as well as on pages 25 through 27 of our 1Q25 earnings release. Management does not provide a reconciliation for forward-looking non-GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of the Bancorp's control or cannot be reasonably predicted. For the same reasons, Bancorp's management is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. Cautionary statement 2

© Fifth Third Bancorp | All Rights Reserved For end note descriptions, see end note summary starting on page 43 Key Messages 3 Average loans up 3% sequentially and year-over-year due to growth in commercial and consumer lending Net interest margin expanded for the 5th consecutive quarter Resilient balance sheet delivered stable NII sequentially Disciplined expense management; adjusted efficiency ratio1 of 60.5% improved 110 bps compared to 1Q24

© Fifth Third Bancorp | All Rights Reserved • Continued momentum in net interest income and net interest margin due to loan growth, deposit rate management and fixed-rate asset re-pricing • Interest-bearing liabilities costs down 20 bps sequentially • Strong fee performance driven by strategic investments in commercial payments and wealth and asset management • Net charge-offs stable to decreasing for 3rd consecutive quarter • Compared to 4Q24, period-end consumer and commercial loans increased 1% and 3%, respectively • Generated consumer household growth of 2% compared to 1Q24, including 5% growth in the southeast Reported1 Adjusted1 EPS $0.71 $0.73 ROA 0.99% 1.02% ROE 10.8% 11.2% ROTCE 15.2% 15.7% NIM 3.03% 3.03% Efficiency ratio 61.0% 60.5% PPNR $832MM $850MM CET12 10.45% For end note descriptions, see end note summary starting on page 43 1Q25 highlights 4

© Fifth Third Bancorp | All Rights Reserved $1.39 $1.39 $1.43 $1.44 $1.44 $1.39 $1.40 $1.43 $1.44 $1.44 2.86% 2.89% 2.90% 2.97% 3.03% NII Adjusted NII Adjusted NIM 1Q24 2Q24 3Q24 4Q24 1Q25 NII $ in millions; NIM change in bps 4Q24 to 1Q25 adjusted NII & NIM walk T o ta l n et in te re st in co m e; $ b ill io ns Net interest income1 5 For end note descriptions, see end note summary starting on page 43 NII NIM 4Q24 $1,443 2.97% Net market rate impact 7 1 Loan balances / mix 22 — Excess cash runoff 0 6 Deposit / wholesale funding balances / mix (9) (2) Day count (21) 1 1Q25 $1,442 3.03%

© Fifth Third Bancorp | All Rights Reserved Noninterest income $717 $717 $748 $791 $721 $710 $695 $711 $732 $694 Noninterest income Adjusted noninterest income (excl. securities gains/losses, net)¹² 1Q24 2Q24 3Q24 4Q24 1Q25 T o ta l n o ni nt er es t in co m e; $ m ill io ns For end note descriptions, see end note summary starting on page 43 6 $ millions 1Q25 PQ YoY Wealth and asset management revenue $172 6% 7% Commercial payments revenue 153 (1)% 6% Consumer banking revenue 137 —% 1% Capital markets fees 90 (27)% (7)% Commercial banking revenue 80 (27)% (6)% Mortgage banking net revenue 57 —% 6% Other noninterest (loss) income 14 NM (39)% Securities (losses) gains, net (9) 13% NM Noninterest income $694 (5)% (2)% Impact of certain items 27 Adjusted noninterest income (excl. securities gains/losses, net)1,2 $721 (9)% 1% Year-over-year • Wealth and asset management revenue up 7% due to AUM growth • Commercial payments revenue up 6% driven primarily by net fee equivalent growth Quarter-over-quarter • Capital markets declined due to softer M&A and loan syndication activity * * * * * *

© Fifth Third Bancorp | All Rights Reserved $1,342 $1,221 $1,244 $1,226 $1,304 $1,304 $1,204 $1,225 $1,218 $1,304 61.6% 56.8% 56.1% 54.7% 60.5% Adjusted noninterest expense¹ Noninterest expense Adjusted Efficiency Ratio¹ 1Q24 2Q24 3Q24 4Q24 1Q25 T o ta l n o ni nt er es t ex p en se ; $ m ill io ns Noninterest expense 7 $ in millions 1Q25 4Q24 1Q24 Non-qualified deferred compensation expense/(benefit), primarily offset in securities gains/losses $(4) ($7) $11 For end note descriptions, see end note summary starting on page 43 $ millions 1Q25 PQ YoY Compensation and benefits $750 13% —% Technology and communications 123 —% 5% Net occupancy expense 87 (1)% —% Equipment expense 42 8% 14% Loan and lease expense 30 (17)% 3% Card and processing expense 21 —% 5% Marketing expense 28 22% (13)% Other noninterest expense 223 (3)% (16)% Total noninterest expense $1,304 6% (3)% Impact of certain items $— Adjusted noninterest expense¹ $1,304 7% —% Year-over-year • Adjusted noninterest expense1 stable with 1Q24 • Adjusted efficiency ratio1 of 60.5%, improved 110 bps compared to 1Q24 Quarter-over-quarter • Noninterest expense up 7% sequentially due to seasonal impact of compensation and benefits * * * * * *

© Fifth Third Bancorp | All Rights Reserved Solar energy installation Average loans $117.3 $116.9 $116.8 $117.9 $121.3 $72.8 $72.2 $71.8 $72.0 $74.7 $44.5 $44.7 $45.1 $45.9 $46.6 6.36% 6.43% 6.48% 6.18% 6.06% Commercial Consumer Total loan yield 1Q24 2Q24 3Q24 4Q24 1Q25 $116.5 $116.6 $116.7 $119.8 $122.2 $71.9 $71.8 $71.1 $73.3 $75.1 $44.6 $44.8 $45.5 $46.5 $47.1 Commercial Consumer 1Q24 2Q24 3Q24 4Q24 1Q25 Loans Loan portfolio compositionAverage loan & lease balances $ in billions; loan & lease balances excluding HFS Period-end loan & lease balances $ in billions; loan & lease balances excluding HFS 8 For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding 44% 15% 3% 14% 14% 4% 3% 3% Commercial and industrial Commercial real estate Commercial leases Residential mortgage Home equity Indirect secured consumer Credit card and other % of Total Loans Commercial: 62% Consumer: 38%

© Fifth Third Bancorp | All Rights Reserved 5.50% 5.50% 5.00% 4.50% 4.50% 2.28% 2.31% 2.30% 2.04% 1.84% Fed Funds Rate Total Cost of Deposits 1Q24 2Q24 3Q24 4Q24 1Q25 Total cost of deposits Total Deposit MixAverage deposit balances $168.1 $167.2 $167.2 $167.2 $164.2 $162.6 $162.4 $163.7 $164.7 $161.8 3.01% 3.04% 3.03% 2.68% 2.42% Core Deposits CDs > $250K Total interest-bearing deposit costs 1Q24 2Q24 3Q24 4Q24 1Q25 $ in billions Demand, 24% Interest checking, 35% Money Market and Savings, 33% Time Deposits, 8% $ in billions $164B Average Deposits $162.6 $162.4 $163.7 $164.7 $161.8 $121.8 $122.2 $123.7 $124.6 $122.0 25.1% 24.8% 24.4% 24.3% 24.6% Interest-Bearing $ Non Interest-Bearing $ Non Interest-Bearing (%) 1Q24 2Q24 3Q24 4Q24 1Q25 Non Interest-Bearing to Core Deposit Trend (Average) $ in billions Deposits 9 Note: Totals shown above may not foot due to rounding

© Fifth Third Bancorp | All Rights Reserved Net charge-offs (NCOs) $110 $144 $142 $136 $136 1Q24 2Q24 3Q24 4Q24 1Q25 Credit quality overview 10 1Q24 2Q24 3Q24 4Q24 1Q25 NPL ratio 0.61% 0.52% 0.59% 0.69% 0.79% NPA ratio1 0.64% 0.55% 0.62% 0.71% 0.81% 30-89 days past due as a % of portfolio loans and leases 0.29% 0.26% 0.24% 0.25% 0.31% NCO ratio 0.38% 0.49% 0.48% 0.46% 0.46% ACL ratio as a % of portfolio loans and leases 2.12% 2.08% 2.09% 2.08% 2.07% Nonperforming loans (NPLs) $708 $606 $686 $823 $966 1Q24 2Q24 3Q24 4Q24 1Q25 Portfolio loans & leases 30-89 days past due $342 $302 $283 $303 $385 1Q24 2Q24 3Q24 4Q24 1Q25 $ in millions For end note descriptions, see end note summary starting on page 43

© Fifth Third Bancorp | All Rights Reserved 1Q15 1Q16 1Q17 1Q18 1Q19 1Q20 1Q21 1Q22 1Q23 1Q24 1Q25 0.00% 0.50% 1.00% Historical net charge-off and NPA ratios Net charge-off ratio Non-performing assets ratio2 1Q15 1Q16 1Q17 1Q18 1Q19 1Q20 1Q21 1Q22 1Q23 1Q24 1Q25 0.00% 0.50% 1.00% Commercial net charge-off ratio 1Q15 1Q16 1Q17 1Q18 1Q19 1Q20 1Q21 1Q22 1Q23 1Q24 1Q25 0.00% 0.50% 1.00% 1Q15 1Q16 1Q17 1Q18 1Q19 1Q20 1Q21 1Q22 1Q23 1Q24 1Q25 0.00% 0.25% 0.50% 0.75% 1.00% Consumer net charge-off ratio 1Q25 0.35% 1Q25 0.46% 1Q25 0.81% 1Q25 0.63% 10-year average excluding COVID1 10-year average excluding COVID1 10-year average excluding COVID1 10-year average excluding COVID1 For end note descriptions, see end note summary starting on page 43 11

© Fifth Third Bancorp | All Rights Reserved 10.57% ~29 bps (~5 bps) (~14 bps) (~15 bps) (~8 bps) 10.45% 4Q24 Net income to common RWA Share repurchases Common dividends Modified CECL transition Other 1Q25 12 Strong liquidity and capital position Liquidity position $ in billions Capital position Common equity tier 1 ratio1 • Maintained full Category 1 LCR compliance during the quarter, ending at 127% • Loan-to-core deposit ratio of 75% • For several years, we have performed: – Daily LCR calculations – Monthly liquidity stress tests, including two FITB-specific scenarios over and above regulatory requirements – Monthly 2052a complex liquidity monitoring reporting For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding Liquidity Sources 12/31/24 3/31/25 Fed reserves ~$17 ~$14 Unpledged investment securities ~$25 ~$22 Available FHLB borrowing capacity ~$9 ~$8 Current Fed discount window availability ~$58 ~$61 Total ~$109 ~$105 ~1 bps

© Fifth Third Bancorp | All Rights Reserved As of April 17, 2025; please see cautionary statements on page 2. Current expectations FY 2025 compared to FY 2024 13 For end note descriptions, see end note summary starting on page 43 Avg. loans & leases (Including HFS) Up 4 – 5% Net interest income1 (FY24 baseline: $5.658 billion) Up 5 – 6% assumes 12/31/25 Fed funds rate of 3.75% Noninterest income1 (FY24 baseline: $2.973 billion; excludes securities g/l) Up 1 – 3% Noninterest expense1 (FY24 baseline: $4.936 billion; excludes the mark-to-market impact of non-qualified deferred compensation) Up 2 – 3% Net charge-off ratio 40 – 49 bps Effective tax rate 22%

© Fifth Third Bancorp | All Rights Reserved As of April 17, 2025; please see cautionary statements on page 2. Current expectations 2Q25 compared to 1Q25 14 For end note descriptions, see end note summary starting on page 43 Avg. loans & leases (Including HFS) Up ~1% Net interest income1 (1Q25 baseline: $1.442 billion) Up 2 - 3% assumes 6/30/25 Fed funds rate of 4.25% Noninterest income1 (1Q25 baseline: $721 million; excludes securities g/l) Up 2 – 6% Noninterest expense1 (1Q25 baseline: $1.308 billion; excludes the market-to-market impact of non-qualified deferred compensation) Down ~5% Net charge-off ratio 45 – 49 bps Effective tax rate 22%

© Fifth Third Bancorp | All Rights Reserved Consumer and Business Banking Digital Metrics Average Active Digital Users (Millions) 3.08 3.07 3.09 3.09 3.14 1Q24 2Q24 3Q24 4Q24 1Q25 Digital Engagement Digital Originations Average Active Mobile Users (Millions) 2.30 2.32 2.35 2.37 2.40 1Q24 2Q24 3Q24 4Q24 1Q25 Digital Assisted Mortgage Applications 98% 98% 98% 97% 98% 1Q24 2Q24 3Q24 4Q24 1Q25 New Consumer Deposit Accounts 27% 22% 23% 28% 27% 1Q24 2Q24 3Q24 4Q24 1Q25 Consumer Satisfaction #1 in Florida for retail customer satisfaction Average app store rating of 4.8 stars vs peer average of 4.5 stars 16 For end note descriptions, see end note summary starting on page 43 1 2

© Fifth Third Bancorp | All Rights Reserved 22% 20% 19% 14% 13% 7% 5% Strategic investments resulting in fee diversification and growth • Total adjusted fee revenue accounted for ~34% of total adjusted revenue for the last twelve months ending 3/31/25 • Focused on diversifying revenue to lessen cyclical impacts, with success in Wealth & Asset Management, Capital Markets and Commercial Payments 17 Fee revenue mix is well-diversified LTM 1Q25 adjusted noninterest income mix1,2 Wealth & Asset Management Capital Markets Mortgage Banking Other Noninterest Income Consumer Banking Commercial Banking Commercial Payments Fee contribution as a percent of revenue stands out favorably relative to peers LTM 1Q25 adjusted noninterest income as a percent of adjusted revenue2, unless otherwise noted LTM 1Q25 adjusted noninterest income $2.97B 34% 29% LTM 4Q24 Peer Median For end note descriptions, see end note summary starting on page 43

© Fifth Third Bancorp | All Rights Reserved $72.8 $72.2 $71.8 $72.0 $74.7$71.9 $71.8 $71.1 $73.3 $75.1 Average Period-end 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 4Q24 1Q25 NCO ratio1 0.19% 0.32% 0.35% 30-89 delinquencies 0.15% 0.07% 0.21% 90+ delinquencies 0.02% 0.01% 0.01% Nonperforming loans2 0.52% 0.62% 0.83% Portfolio loans and leases $ in billions Key statistics Total commercial portfolio overview Average QoQ change (1.9%) (0.8%) (0.6%) 0.3% 3.8% Period-end QoQ change (1.1%) (0.2%) (0.9%) 3.0% 2.5% Commercial portfolio mix 71% 16% 8% 4% C&I Commercial mortgage Commercial construction Commercial leases For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding 18

© Fifth Third Bancorp | All Rights Reserved $53.2 $52.4 $51.6 $51.6 $53.4$52.2 $51.8 $50.9 $52.3 $53.7 Average Period-end 1Q24 2Q24 3Q24 4Q24 1Q25 19 Key statistics Revolving line utilization trend3 Commercial and industrial overview 36.8% 36.9% 35.3% 35.6% 35.3% 35.5% 36.1% 35.5% 36.2% 37.0% 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Portfolio loans $ in billions Average QoQ change (2.7%) (1.6%) (1.4%) (0.1%) 3.6% Period-end QoQ change (2.0%) (0.7%) (1.8%) 2.7% 2.7% For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding 1Q24 4Q24 1Q25 NCO ratio1 0.27% 0.42% 0.39% 30-89 delinquencies 0.12% 0.05% 0.23% 90+ delinquencies 0.02% 0.01% 0.00% Nonperforming loans2 0.64% 0.72% 1.00%

© Fifth Third Bancorp | All Rights Reserved • Reduced balances 13% compared to 1Q23 • ~60% of SNC balances are at or near investment grade equivalent borrowers; independently underwrite each transaction • Lead left/lead right on ~50% of relationships • Criticized assets are lower than the rest of the commercial portfolio over a multi-year period 20 High quality Shared National Credit portfolio $ in billions; as of 3/31/25 SNC portfolio $32.7BN ~27% of total loans Shared National Credit portfolio is well diversified Retail 19% Rental and Leasing 16% Financial Services 14%TMT 10% Wholesale Trade 8% Manufacturing 8% Business Services 7% Other 18% Industry mix Key statistics 1Q24 4Q24 1Q25 Loan balance $32.4 $32.2 $32.7 Nonperforming loans2 0.53% 0.67% 0.86% NCO Ratio1 0.28% 0.55% 0.27% For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding

© Fifth Third Bancorp | All Rights Reserved 21 Low concentration in leveraged lending Note: Totals shown above may not foot due to rounding Total Loan Portfolio Composition Leveraged 2.1% Arts, Entertainment & Recreation Accommodation & Food Services Information Manufacturing Professional, Scientific & Technical Services Wholesale Trade Healthcare & Other Social Assistance Retail Trade Other Services Admin, Support & Other Services Other Diversified Leveraged Portfolio Total Loans $122.2 Billion $2.6 Billion • Reduced balances 4% compared to 1Q23 • Leveraged criticized asset rate decreased for the 3rd consecutive quarter in 1Q25 • Represents ~2% of loans vs ~8% in 2015 as of 3/31/25 as of 3/31/25

© Fifth Third Bancorp | All Rights Reserved 46% 17% 17% 5% 4% 3% 8% 50%50% Commercial real estate overview CRE mortgage Balance by occupancy CRE construction Balance by property type Multifamily Other Retail Office Hospitality Industrial Home builder Non-Owner occupied Owner occupied Multifamily 20% Hospitality 20% Retail 19% Office 14% Medical Office 13% Industrial 9% Non-owner occupied property type mix $17.1 $17.3 $17.5 $17.5 $18.2 $17.1 $17.2 $17.3 $17.8 $18.3 $5.7 $5.9 $6.0 $5.7 $5.8 $11.3 $11.4 $11.5 $11.8 $12.4 $5.8 $5.8 $5.9 $5.6 $6.0 $11.3 $11.4 $11.4 $12.2 $12.4 Average - Commercial construction Average - Commercial mortgage Period-End - Commercial construction Period-End - Commercial mortgage 1Q24 2Q24 3Q24 4Q24 1Q25 22 Other 5% For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding Period-end QoQ change 1.4% 0.6% 0.6% 2.8% 2.7% $ in billions Portfolio loans Average QoQ change —% 1.2% 1.2% 0.1% 3.8% 1Q24 4Q24 1Q25 NCO ratio1 0.00% 0.00% 0.23% 30-89 delinquencies 0.15% 0.05% 0.03% 90+ delinquencies 0.00% 0.00% 0.03% Nonperforming loans2 0.23% 0.45% 0.38% Key statistics

© Fifth Third Bancorp | All Rights Reserved 12% 14% 14% 15% 15% 15% 16% 16% 22% 27% 27% 35% 36% 41% Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 72% 75% 75% 78% 80% 81% 85% 91% 130% 152% 158% 173% 233% 276% Peer 1 Peer 2 Peer 5 Peer 6 Peer 4 Peer 3 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 CRE portfolio is well-positioned 23 Comparing CRE portfolios relative to peers CRE loans1 / total loans Among the lowest CRE concentration relative to peers with strong credit quality CRE loans1 / total capital FITB 4Q24 FITB 1Q25 FITB 4Q24 FITB 1Q25 CRE net charge-off ratio2 0.00% 0.06% 0.06% 0.07% 0.23% 0.28% 0.32% 0.38% 0.42% 0.98% 1.05% 1.30% Peer 12 Peer 10 Peer 5 Peer 4 Peer 1 Peer 11 Peer 3 Peer 2 Peer 7 Peer 6 FITB 4Q24 LTM FITB 1Q25 LTM As of 12/31/24 unless otherwise noted As of 12/31/24 unless otherwise noted 4Q24 LTM unless otherwise noted For end note descriptions, see end note summary starting on page 43

© Fifth Third Bancorp | All Rights Reserved Period-end QoQ change 0.2% 0.5% 1.7% 2.1% 1.2% $44.5 $44.7 $45.1 $45.9 $46.6$44.6 $44.8 $45.5 $46.5 $47.1 1Q24 2Q24 3Q24 4Q24 1Q25 16% 17% 66% 1Q24 4Q24 1Q25 NCO ratio1 0.67% 0.68% 0.63% 30-89 delinquencies 0.52% 0.54% 0.48% 90+ delinquencies 0.05% 0.06% 0.05% Nonperforming loans2 0.75% 0.79% 0.73% Weighted average FICO at origination3 766 767 767 Weighted average LTV at origination 78% 79% 79% Total consumer portfolio overview 24 Portfolio FICO score at origination3 $ in billions Portfolio loans 2% For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding Average QoQ change (0.2%) 0.3% 0.8% 1.9% 1.5% Key statistics 750+720-749<660 660-719 Period-endAverage

© Fifth Third Bancorp | All Rights Reserved Period-end QoQ change (0.2%) 0.3% 0.7% 2.2% 0.2% Average QoQ change (0.9%) 0.2% 0.2% 1.7% 1.3% 12% 15% 69% Weighted average FICO at origination3 764 764 764 Weighted average LTV at origination 72% 74% 74% Residential mortgage overview 25 $17.0 $17.0 $17.0 $17.3 $17.6$17.0 $17.0 $17.2 $17.5 $17.6 1Q24 2Q24 3Q24 4Q24 1Q25 4% For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding $ in billions Portfolio loans 1Q24 4Q24 1Q25 NCO ratio1 (0.01%) (0.01%) —% 30-89 Delinquencies 0.14% 0.19% 0.15% 90+ Delinquencies 0.03% 0.03% 0.05% Nonperforming Loans2 0.81% 0.78% 0.82% Key statistics 750+720-749<660 660-719 Portfolio FICO score at origination3 Period-endAverage

© Fifth Third Bancorp | All Rights Reserved 19% 16% 65% $3.9 $3.9 $4.0 $4.1 $4.2 $3.9 $4.0 $4.1 $4.2 $4.3 1Q24 2Q24 3Q24 4Q24 1Q25 Weighted average FICO at origination3 767 769 769 Weighted average LTV at origination 67% 66% 66% Home equity overview 26 1% For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding Period-end QoQ change (0.8%) 2.2% 2.6% 2.8% 1.8% Average QoQ change 0.7% (0.1%) 2.3% 2.7% 2.4% $ in billions Portfolio loans Period-endAverage 750+720-749<660 660-719 Portfolio FICO score at origination3 1Q24 4Q24 1Q25 NCO ratio1 0.03% (0.01%) 0.04% 30-89 delinquencies 0.64% 0.60% 0.63% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 1.55% 1.67% 1.62% Key statistics

© Fifth Third Bancorp | All Rights Reserved 82% 18% Auto Specialty lending 18% 17% 64% Indirect secured consumer overview 27 Portfolio FICO score at origination Includes primarily RV & Marine $15.2 $15.4 $15.7 $16.1 $16.5 $15.3 $15.4 $15.9 $16.3 $16.8 1Q24 2Q24 3Q24 4Q24 1Q25 1% Weighted average FICO at origination 769 772 772 Weighted average LTV at origination 88% 88% 88% For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding Period-end QoQ change 2.3% 0.9% 3.2% 2.3% 3.0% Average QoQ change 0.3% 1.3% 2.0% 2.7% 2.3% $ in billions Portfolio loans Period-endAverage 1Q24 4Q24 1Q25 NCO ratio1 0.64% 0.66% 0.53% 30-89 delinquencies 0.82% 0.80% 0.68% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 0.21% 0.34% 0.36% Key statistics 750+720-749<660 660-719 Portfolio FICO score at origination

© Fifth Third Bancorp | All Rights Reserved 28% 20% 48% Credit card overview 28 $1.8 $1.7 $1.7 $1.7 $1.6 $1.7 $1.7 $1.7 $1.7 $1.7 1Q24 2Q24 3Q24 4Q24 1Q25 Weighted average FICO at origination3 743 744 743 5% Period-end QoQ change (6.9%) (0.2%) (1.7%) 1.8% (4.3%) Average QoQ change (3.1%) (2.5%) (1.2%) (2.3%) (2.5%) $ in billions Portfolio loans For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding Period-endAverage 1Q24 4Q24 1Q25 NCO ratio1 4.19% 4.00% 4.19% 30-89 delinquencies 1.09% 1.04% 1.02% 90+ delinquencies 1.09% 1.15% 1.02% Nonperforming loans2 1.84% 1.85% 1.87% Key statistics Portfolio FICO score at origination3 750+720-749<660 660-719

© Fifth Third Bancorp | All Rights Reserved $3.8 $3.9 $4.0 $4.1 $4.2 $3.9 $4.0 $4.1 $4.2 $4.3 1Q24 2Q24 3Q24 4Q24 1Q25 15% 19% 66% Weighted average FICO at origination 771 772 772 Solar energy installation overview 29 For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding Period-end QoQ change 3.8% 2.1% 3.2% 3.0% 1.4% Average QoQ change 4.5% 3.2% 1.9% 3.7% 2.0% $ in billions Portfolio loans 1Q24 4Q24 1Q25 NCO ratio1 1.31% 1.64% 1.73% 30-89 delinquencies 0.36% 0.48% 0.52% 90+ delinquencies 0.00% 0.00% 0.00% Nonperforming loans2 1.68% 1.52% 0.70% Key statistics Period-endAverage Portfolio FICO score at origination 750+720-749660-719

© Fifth Third Bancorp | All Rights Reserved Allowance for credit losses 30 For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding Allowance for loan & lease losses Amount % of portfolio loans & leases 4Q24 1Q24 Commercial and industrial loans $845 1.57% 0.18% 0.13% Commercial mortgage loans 323 2.61% (0.26)% (0.09%) Commercial construction loans 57 0.96% (0.10%) (0.15%) Commercial leases 16 0.51% 0.01% (0.07) Total commercial loans and leases $1,241 1.65% 0.08% 0.06% Residential mortgage loans 139 0.79% (0.04) (0.04%) Home equity 94 2.20% (0.33%) (0.43%) Indirect secured consumer loans 312 1.86% (0.05)% 0.05% Credit card 157 9.46% (0.06%) (2.49%) Solar energy installation loans 323 7.58% (0.77%) (0.41%) Other consumer loans 118 4.75% 0.02% (0.29%) Total consumer loans 1,143 2.43% (0.15%) (0.22%) Allowance for loan & lease losses 2,384 1.95% (0.01%) (0.04%) Reserve for unfunded commitments1 139 Allowance for credit losses $2,523 2.07% (0.01%) (0.05%) Compared to: Allocation of allowance by product $ in millions 1Q25 Change in rate

© Fifth Third Bancorp | All Rights Reserved NPL1 rollforward 31 For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding 1Q24 2Q24 3Q24 4Q24 1Q25 Balance, beginning of period $326 $372 $274 $334 $456 Transfers to nonaccrual status 108 51 191 240 273 Transfers to accrual status (1) — — (1) (3) Transfers to held for sale (3) — (5) (5) (17) Loan paydowns/payoffs (18) (66) (47) (49) (19) Transfer to OREO — — — — — Charge-offs (40) (83) (80) (63) (67) Draws/other extensions of credit — — 1 — — Balance, end of period $372 $274 $334 $456 $623 1Q24 2Q24 3Q24 4Q24 1Q25 Balance, beginning of period $323 $336 $332 $352 $367 Transfers to nonaccrual status 111 94 104 101 109 Transfers to accrual status (22) (26) (14) (13) (48) Transfers to held for sale — — — — — Loan paydowns/payoffs (23) (23) (25) (25) (30) Transfer to OREO (5) (4) (7) (7) (5) Charge-offs (49) (46) (40) (43) (52) Draws/other extensions of credit 1 1 2 2 2 Balance, end of period $336 $332 $352 $367 $343 Commercial $ in millions Consumer $ in millions Total NPL $708 $606 $686 $823 $966 Total new nonaccrual loans - HFI $219 $145 $295 $341 $382 Total NPL $ in millions

© Fifth Third Bancorp | All Rights Reserved Balance sheet positioning 32 For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding C&I 34% Fix | 66% Variable Coml. mortgage 41% Fix | 59% Variable Coml. construction 29% Fix | 71% Variable Coml. lease 100% Fix | 0% Variable 32% 53% 15% 72% 16% 8% 4% • 54% allocation to bullet/locked- out cash flow securities • AFS & HTM spot yield: 3.21% • AFS net unrealized pre-tax loss: $3.7BN $28.0BN fixed | $47.1BN variable1,2 Commercial loans1,2 Investment portfolioConsumer loans1 Long-term debt3 $40.6BN fixed | $6.5BN variable1 $9.3BN fixed | $5.3BN variable3 • 1M based: 38%4,7 • 3M based: 6%4,7 • Prime & O/N based: 17%4,7 • Other based: 1%4,6,7 • Weighted avg. life: 1.7 years1 • 1M based: 1%5,7 • Prime: 11%5 • Other based: 1%5,7,8 • Weighted avg. life: 4 years1 • SOFR based: 36% • Weighted avg. life: 4 years Includes $4.0BN non-agency CMBS (All super-senior, AAA-rated securities; 58.8% WA LTV, ~38% WA credit enhancement) 36% 37% 9% 14% 4% 70% 12% 5% 13% The information above incorporates the impact of $11BN in C&I receive-fixed swaps, $4BN in CRE receive-fixed swaps2, and ~$5BN fair value hedges associated with long-term debt (receive-fixed swaps) Auto/indirect 100% Fix | 0% Variable Resi mtg. & construction 97% Fix | 3% Variable Home equity 12% Fix | 88% Variable Other 84% Fix | 16% Variable Credit card 37% Fix | 63% Variable Level 1 75% Fix | 25% Variable Level 2A 100% Fix | 0% Variable Non-HQLA/ Other 90% Fix | 10% Variable Senior debt 56% Fix | 44% Variable Sub debt 59% Fix | 41% Variable Auto securiz. proceeds 96% Fix | 4% Variable Other 97% Fix | 3% Variable

© Fifth Third Bancorp | All Rights Reserved Managing rate risk against conservative outcomes 33 For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding Estimated NII sensitivity profile and ALCO policy limits Estimated NII beta sensitivity Rate risk models assume approximately 75-80% effective up betas and 60-70% down betas in our baseline NII sensitivity used in IRR simulations1,2 • Models are calibrated to performance in prior rate cycles • Additionally, rate risk measures assume no deposit re-pricing lags As of March 31, 2025: • 44% of HFI loans were variable rate net of existing hedges (63% of total commercial; 14% of total consumer) • Short-term borrowings represent only 2% of total funding • Approximately $11.9BN in non-core funding matures beyond one year % Change NII (FTE) ALCO policy limit Change in interest rates (bps) 12 months 13 to 24 months 12 months 13 to 24 months +200 Ramp over 12 months (3.5%) (4.8%) (6.0%) (7.0%) +100 Ramp over 12 months (1.7%) (2.2%) NA NA -100 Ramp over 12 months 0.8% 0.7% NA NA -200 Ramp over 12 months 1.2% —% (6.0%) (7.0%) 5% Higher Beta 5% Lower Beta Change in interest rates (bps) 12 months 13 to 24 months 12 months 13 to 24 months +200 Ramp over 12 months (4.3%) (6.1%) (2.6%) (3.1%) +100 Ramp over 12 months (2.1%) (2.9%) (1.3%) (1.4%) -100 Ramp over 12 months 1.1% 1.3% 0.5% —% -200 Ramp over 12 months 1.8% 1.1% 0.4% (1.2%) Estimated NII sensitivity with demand deposit balance changes % Change in NII (FTE) $1BN balance decline $1BN balance increase Change in interest rates (bps) 12 months 13 to 24 months 12 months 13 to 24 months +200 Ramp over 12 months (4.4%) (5.8%) (2.6%) (3.8%) +100 Ramp over 12 months (2.5%) (3.1%) (0.9%) (1.4%) -100 Ramp over 12 months 0.2% 0.2% 1.5% 1.2% -200 Ramp over 12 months 0.6% (0.4%) 1.7% 0.3%

© Fifth Third Bancorp | All Rights Reserved 34 Investment portfolio composition Investment portfolio characteristics Held-to-maturity portfolio • $11.2BN portfolio • Reclassification during 1Q24 aimed to de-risk potential AOCI volatility to capital under proposed capital rules • Securities selected for HTM meet Reg YY eligibility and inclusion requirements Available-for-sale portfolio • $43.4BN portfolio • $4.0BN Non-agency CMBS portfolio – All positions are super-senior AAA rated with WA credit enhancement of 39% – Securities are 20% risk-weighted and are pledgeable to the FHLB – Underlying loans in our structures have a WA LTV of ~60% – Credit risk team analyzes transactions at the underlying property- level, similar to what we do for all our CRE loan commitments HTM 20% AFS 80% AFS and HTM portfolio; amortized cost basis; as of 3/31/25 Amortized cost basis; as of 3/31/25 Securities mix Agency CMBS Agency RMBS Non- agency CMBS Treasuries Other Effective duration HTM 36% 43% — 21% — 5.5 AFS 54% 17% 9% 10% 10% 3.8 Total 51% 22% 7% 12% 8% 4.2 Securities portfolio Securities portfolio $55BN ~28% of interest earning assets ‒ Leverage analytical tools with over 40+ years of historical data to stress the securities at an individual property level on a recurring basis, including significant market distress in real estate valuations Note: Totals shown above may not foot due to rounding

© Fifth Third Bancorp | All Rights Reserved 10-year treasury yield ($5.8) ($4.2) ($4.2) ($3.2) ($4.0) ($3.5) 9/30/23 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 Projected AOCI accretion ($2.8) ($2.4) ($2.1) ($1.7) ($1.4) 12/31/25E 12/31/26E 12/31/27E 12/31/28E 12/31/29E Securities portfolio AOCI accretion 35 $ in billions; 3/31/25 AFS and HTM portfolio unrealized loss, after-tax ~51% capital accretion ~31% capital accretion Historical AOCI accretion ~41% capital accretion since 3Q23 AOCI accretion1 assuming implied forward curve2 4.2% 4.4% 3.8% 4.6% 4.2% For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding 4.6%

© Fifth Third Bancorp | All Rights Reserved Balance sheet positioned to grow tangible book value per share 36 TBV/share1 will improve due to AOCI accretion alone Projected TBV/share growth includes no earnings contribution from 2025-20282 For end note descriptions, see end note summary starting on page 43 AOCI accretion TBV/S 10-year treasury yield 12/31/2022 12/31/2023 12/31/2024 12/31/2025 12/31/2026 12/31/2027 12/31/2028 $14.83 $17.64 $18.69 $20.49 $21.02 $21.52 $22.06 3.88% 3.88% 4.58% 4.2% 4.3% 4.5% 4.6% TBV/S AOCI accretion 10-year treasury yield 12/31/2022 12/31/2023 12/31/2024 12/31/2025 12/31/2026 12/31/2027 12/31/2028 Actuals Forecast +19% +6% +10% +3% +3%+2% Projected growth from AOCI burndown alone TBV/share as of 3/31 19.92

© Fifth Third Bancorp | All Rights Reserved 3.17% $15 $14 $10 $9 $8 $5 1Q25 1Q30 4Q30 2Q31 3Q31 4Q31 Cash flow hedges Receive-fixed swaps1 EOP notional value of cash flow hedges ($ in billions) Actual 37 Existing receive-fixed swaps2 Weighted average receive fixed rate 3.27%3.19% 3.29% 3.32% 3.44%3 For end note descriptions, see end note summary starting on page 43

© Fifth Third Bancorp | All Rights Reserved $14 $18 $18 $17 $14 $78 $78 $77 $75 $74 ($5) ($6) ($4) $3 $3 ($33) ($40) ($41) ($38) ($34) $54 $50 $50 $57 $57 Origination fees and gains on loan sale Gross servicing fees Net MSR Valuation MSR decay 1Q24 2Q24 3Q24 4Q24 1Q25 Mortgage banking results $ in millions Mortgage banking net revenue Mortgage originations and margins $ in billions Rate lock margin represents gains recorded associated with salable rate locks divided by salable rate locks. Gain-on-sale margin represents gains on all loans originated for sale divided by salable originations. 38 $1.1 $1.6 $1.9 $1.9 $1.4 $0.7 $1.0 $1.3 $1.2 $0.9 $0.4 $0.6 $0.6 $0.6 $0.5 Originations HFS Originations HFI 1Q24 2Q24 3Q24 4Q24 1Q25 Note: Totals shown above may not foot due to rounding Rate lock margin 1.53% 1.30% 1.11% 0.98% 1.46% Gain-on-sale margin 1.68% 1.48% 1.00% 1.00% 1.31% Mortgage banking net revenue $54 $50 $50 $57 $57

© Fifth Third Bancorp | All Rights Reserved Preferred dividend schedule 2Q25 3Q25 4Q25 1Q26 Series H ~$12 ~$12 ~$11 ~$10 Series I ~$9 ~$9 ~$9 ~$9 Series J ~$6 ~$6 ~$6 ~$5 Series K ~$3 ~$3 ~$3 ~$3 Series L3 ~$4 ~$4 ~$7 ~$7 Class B Series A ~$3 ~$3 ~$3 ~$3 Total ~$37 ~$37 ~$39 ~$37 Upcoming preferred dividend schedule1 $ in millions 39 Floating2 Floating2 Floating2 For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding

© Fifth Third Bancorp | All Rights Reserved 1Q25 reported EPS of $0.71 included a negative $0.02 impact from the following notable item(s): • $18 million pre-tax (~$14 million after-tax2) charge related to the valuation of Visa total return swap 1Q25 adjustments and notable items Adjusted EPS of $0.731 40 For end note descriptions, see end note summary starting on page 43

© Fifth Third Bancorp | All Rights Reserved Fifth Third Bancorp and Subsidiaries For the three months ended $ and shares in millions (unaudited) March December September June March 2025 2024 2024 2024 2024 Net income (U.S. GAAP) (a) $515 $620 $573 $601 $520 Net income (U.S. GAAP) (annualized) (b) $2,089 $2,467 $2,280 $2,417 $2,091 Net income available to common shareholders (U.S. GAAP) (c) $478 $582 $532 $561 $480 Add: Intangible amortization, net of tax 6 7 7 7 8 Tangible net income available to common shareholders (d) $484 $589 $539 $568 $488 Tangible net income available to common shareholders (annualized) (e) $1,963 $2,343 $2,144 $2,284 $1,963 Net income available to common shareholders (annualized) (f) $1,939 $2,315 $2,116 $2,256 $1,931 Average Bancorp shareholders' equity (U.S. GAAP) (g) $20,000 $19,893 $20,251 $18,707 $18,727 Less: Average preferred stock (h) (2,116) (2,116) (2,116) (2,116) (2,116) Average goodwill (4,918) (4,918) (4,918) (4,918) (4,918) Average intangible assets and other servicing rights (86) (94) (103) (111) (121) Average tangible common equity (i) $12,880 $12,765 $13,114 $11,562 $11,572 Less: Average accumulated other comprehensive income ("AOCI") 4,362 4,292 3,914 5,278 4,938 Average tangible common equity, excluding AOCI (j) $17,242 $17,057 $17,028 $16,840 $16,510 Adjustments (pre-tax items) Valuation of Visa total return swap 18 51 47 23 17 Interchange litigation matters — 4 10 — 5 Restructuring severance expense — — 9 — — Legal settlements and remediations — — — 18 — FDIC special assessment — (11) — 6 33 Fifth Third Foundation contribution — 15 — — — Adjustments - after-tax1,2 (k) $14 $45 $51 $37 $42 Adjustments (tax related items) Benefit related to the resolution of certain state income tax matters — (15) — — — Adjustments (tax related items) (l) — (15) — — — Adjusted net income [(a) + (k)+ (l)] $529 $650 $624 $638 $562 Adjusted net income (annualized) (m) $2,145 $2,586 $2,482 $2,566 $2,260 Adjusted net income available to common shareholders [(c) + (k) + (l)] $492 $612 $583 $598 $522 Adjusted net income available to common shareholders (annualized) (n) $1,995 $2,436 $2,319 $2,405 $2,098 Adjusted tangible net income available to common shareholders [(d) + (k) + (l)] 498 $619 $590 $605 $530 Adjusted tangible net income available to common shareholders (annualized) (o) $2,020 $2,463 $2,347 $2,433 $2,132 Average assets (p) $210,558 $211,709 $213,838 $212,475 $213,203 Metrics: Return on assets (b) / (p) 0.99% 1.17% 1.06% 1.14% 0.98% Adjusted return on assets (m) / (p) 1.02% 1.22% 1.16% 1.21% 1.06% Return on average common equity (f) / [(g) + (h)] 10.8% 13.0% 11.7% 13.6% 11.6% Adjusted return on average common equity (n) / [(g) + (h)] 11.2% 13.7% 12.8% 14.5% 12.6% Return on average tangible common equity (e) / (i) 15.2% 18.4% 16.3% 19.8% 17.0% Adjusted return on average tangible common equity (o) / (i) 15.7% 19.3% 17.9% 21.0% 18.4% Adjusted return on average tangible common equity, excluding AOCI (o) / (j) 11.7% 14.4% 13.8% 14.4% 12.9% 41 Non-GAAP reconciliation For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding

© Fifth Third Bancorp | All Rights Reserved Non-GAAP reconciliation 42 Fifth Third Bancorp and Subsidiaries For three months ended $ and shares in millions (unaudited) March December September June March 2025 2024 2024 2024 2024 Average interest-earning assets (a) $192,808 $193,513 $195,836 $194,499 $195,349 Net interest income (U.S. GAAP) (b) $1,437 $1,437 $1,421 $1,387 $1,384 Add: Taxable equivalent adjustment 5 6 6 6 6 Net interest income (FTE) (c) $1,442 $1,443 $1,427 $1,393 $1,390 Legal settlements and remediations — — — 5 — Adjusted net interest income (FTE) (d) $1,442 $1,443 $1,427 $1,398 $1,390 Net interest income (FTE) (annualized) (e) $5,849 $5,741 $5,677 $5,603 $5,591 Adjusted net interest income (FTE) (annualized) (f) $5,849 $5,741 $5,677 $5,623 $5,591 Noninterest income (U.S. GAAP) (g) $694 $732 $711 $695 $710 Valuation of Visa total return swap 18 51 47 23 17 Legal settlements and remediations — — — 2 — Adjusted noninterest income (h) $712 $783 $758 $720 $727 Add: Securities (gains)/losses 9 8 (10) (3) (10) Adjusted noninterest income, (excl. securities (gains)/losses) $721 $791 $748 $717 $717 Noninterest expense (U.S. GAAP) (i) $1,304 $1,226 $1,244 $1,221 $1,342 Interchange litigation matters — (4) (10) — (5) Restructuring severance expense — — (9) — — Legal settlements and remediations — — — (11) — FDIC Special Assessment — 11 — (6) (33) Fifth Third Foundation contribution — (15) — — — Adjusted noninterest expense (j) $1,304 $1,218 $1,225 $1,204 $1,304 Metrics: Revenue (FTE) (c) + (g) 2,136 2,175 2,138 2,088 2,100 Adjusted revenue (d) + (h) 2,154 2,226 2,185 2,118 2,117 Pre-provision net revenue [(c) + (g) - (i)] 832 949 894 867 758 Adjusted pre-provision net revenue [(d) + (h) - (j)] 850 1,008 960 914 813 Net interest margin (FTE) (e) / (a) 3.03% 2.97% 2.90% 2.88% 2.86% Adjusted net interest margin (FTE) (f) / (a) 3.03% 2.97% 2.90% 2.89% 2.86% Efficiency ratio (FTE) (i) / [(c) + (g)] 61.0% 56.4% 58.2% 58.5% 63.9% Adjusted efficiency ratio (j) / [(d) + (h)] 60.5% 54.7% 56.1% 56.8% 61.6% For end note descriptions, see end note summary starting on page 43; totals shown above may not foot due to rounding

© Fifth Third Bancorp | All Rights Reserved 43 Earnings presentation end notes Slide 3 end notes 1. Non-GAAP measure: see reconciliation on pages 41 and 42 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release. Slide 4 end notes 1. Reported ROTCE, NIM, pre-provision net revenue, and efficiency ratio are non-GAAP measures: all adjusted figures are non-GAAP measures; see reconciliation on pages 41 and 42 of this presentation and the use of non-GAAP measures on pages 25-27 of the earnings release. 2. Current period regulatory capital ratios are estimated. Slide 5 end notes 1. Results are on a fully-taxable equivalent basis; non-GAAP measure: see reconciliation on pages 41 and 42 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release. Slide 6 end notes 1. Non-GAAP measure: see reconciliation on pages 41 and 42 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release 2. Includes the effects of non-qualified deferred compensation Slide 7 end notes 1. Non-GAAP measure: see reconciliation on pages 41 and 42 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release. Slide 10 end notes 1. Excludes HFS loans. Slide 11 end notes 1. Excludes 2020, 2021, and 2022 metrics. 2. Loan balances exclude nonaccrual loans HFS Slide 12 end notes 1. Current period regulatory capital ratios are estimated. Slide 13 end notes 1. Non-GAAP measure: see reconciliation on pages 41 and 42 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release. Slide 14 end notes 1. Non-GAAP measure: see reconciliation on pages 41 and 42 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release. Slide 16 end notes 1. Digitally active defined as having at least one login to mobile or online banking during the quarter. 2. Mobile active defined as having at least one login to mobile banking during the quarter. Slide 17 end notes 1. Excluding securities gains/losses 2. Non-GAAP measure: see reconciliation on pages 41 and 42 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release. Slide 18 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. Slide 19 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. 3. Total commercial portfolio line utilization.

© Fifth Third Bancorp | All Rights Reserved Earnings presentation end notes Slide 20 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. Slide 22 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. Slide 23 end notes 1. Source: FR Y-9C; CRE includes the following captions within schedule HC-C: 1a - construction, land development & other land loans, 1d - secured by multifamily (5 or more) residential properties, 1e - secured by nonfarm nonresidential properties 2. Source: company filings; FCNCA and MTB excluded due to limited data Slide 24 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. 3. FICO distributions at origination exclude certain acquired mortgage & home equity loans, and ~$80 million of credit loans on book primarily ~15+ years. Slide 25 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. 3. FICO distributions at origination exclude certain acquired mortgage loans. Slide 26 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. 3. FICO distributions at origination exclude certain acquired home equity loans. Slide 27 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. Slide 28 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. 3. FICO distributions at origination exclude ~$80 million from credit loans on book primarily ~15+ years. Slide 29 end notes 1. Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis. 2. Nonperforming portfolio loans and leases as a percent of portfolio loans and leases. Slide 30 end notes 1. 1Q25 commercial and consumer portfolio make up ~$95M and ~$44M, respectively, of the total reserve for unfunded commitment. Slide 31 end notes 1. Loan balances exclude nonaccrual loans HFS. 44

© Fifth Third Bancorp | All Rights Reserved 45 Earnings presentation end notes Slide 32 end notes Note: Data as of 3/31/2025. 1. Excludes HFS Loans & Leases. 2. Fifth Third had $15B of commercial variable loans classified as fixed given the impacts of $11BN in C&I receive-fix swaps and $4BN in CRE receive-fixed swaps 3. Fifth Third had $4.96BN SOFR receive-fix swaps outstanding against long-term debt, which are being included in floating long-term debt. 4. As a percent of total commercial. 5. As a percent of total consumer. 6. Includes 12M term, 6M term, and Fed Funds based loans. 7. Term points include SOFR, AMERIBOR, Treasuries & FX curves. 8. Includes overnight term, 3M term, 6M term, 12M term and Fed Funds. Slide 33 end notes Note: Data as of 3/31/25; actual results may vary from these simulated results due to differences between forecasted and actual balance sheet composition, timing, magnitude, and frequency of interest rate changes, as well as other changes in market conditions and management strategies. 1. Re-pricing percentage or “beta” is the estimated change in yield after the 12-month ramp scenarios are fully realized and therefore reflects year-2. 2. Betas are asymmetrical as down betas assume a floor of 0%, along with rate floors, and up betas assumes a cap of 100% Slide 35 end notes 1. See forward-looking statements on page 2 of this presentation regarding forward-looking non-GAAP measures and use of non-GAAP measures on pages 25-27 of the earnings release. 2. Analysis based on 3/31/2025 portfolio utilizing the implied forward curve as of 3/31/2025 Slide 36 end notes 1. See forward-looking statements on page 2 of this presentation regarding forward-looking non-GAAP measures and use of non-GAAP measures on pages 25-27 of the earnings release. 2. Analysis based on 3/31/2025 portfolio utilizing the implied forward curve as of 3/31/2025 Slide 37 end notes 1. Represents forward looking statement, please refer to page 2 of this presentation regarding forward-looking non-GAAP measures 2. Existing swaps transition from receive fixed / pay 1-month LIBOR to receive fixed / pay compound SOFR + 11.448 bps on their next post-LIBOR cessation resets 3. Reflects the weighted average receive fixed rate (swaps only) as of 3/31/25 Slide 39 end notes 1. Represents forward looking statement, please refer to page 2 of this presentation regarding forward-looking non-GAAP measures. 2. Projected dividends for the Series J, Series H, and Series I reflect 3m Term SOFR plus the applicable spread. For the periods referencing 3m Term SOFR, the projections include the 26.161bps spread adjustment pursuant to the final rule adopted by the Federal Reserve. 3. The Series L preferred shares may be redeemed on or after 9/30/2025, otherwise the dividend rate will reset from the current fixed rate of 4.50% to the then 5-year US Treasury yield + 4.215%. Slide 40 end notes 1. Average diluted common shares outstanding (thousands); 676,040; all adjusted figures are non-GAAP measures; see reconciliation on pages 41 and 42 of this presentation and the use of non-GAAP measures on pages 27-29 of the earnings release. 2. Assumes a 24% tax rate. Slide 41 end notes Note: See pages 25-27 of the earnings release for a discussion on the use of non-GAAP financial measures. 1. Assumes a 23% tax rate in 2024 and a 24% tax rate in 2025. 2. A portion of the adjustments related to legal settlements and remediations is non tax deductible. Slide 42 end notes Note: See pages 25-27 of the earnings release for a discussion on the use of non-GAAP financial measures.


						FIFTH THIRD BANCORP
						(Registrant)

Date: April 17, 2025						/s/ Bryan D. Preston

						Bryan D. Preston
						Executive Vice President and Chief Financial Officer