FITB 8-K

Fifth Third Bancorp (FITB)

8-K 2025-07-17 For: 2025-07-17

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Added on April 10, 2026

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						FIFTH THIRD BANCORP
						(Registrant)

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

						Bryan D. Preston
						Executive Vice President and Chief Financial Officer



Key Financial Data							Key Highlights

$ in millions for all balance sheet and income statement items
	2Q25		1Q25		2Q24		Stability: •Net charge-off ratio(b) declined 1 bp sequentially and 4 bps compared to 2Q24; NPAs decreased 11% sequentially, including commercial NPAs down 18% •Interest-bearing liabilities costs down 2 bps compared to 1Q25; 4% DDA growth year-over-year •Strong profitability resulted in CET1 increasing 13 bps to 10.56% Profitability: •Disciplined expense management; efficiency ratio(a) of 56.2%; adjusted efficiency ratio(a) of 55.5%, an improvement of 130 bps year-over-year •Net interest margin expanded for the 6th consecutive quarter •Adjusted ROTCE ex. AOCI(a) of 13.9% and adjusted ROA(a) of 1.22% Growth: •5% loan growth compared to 2Q24; annual loan growth reaches highest level in over two years •Consumer household growth of 2%, including 6% in the Southeast •Assets under management of $73B, up 12% compared to 2Q24

Income Statement Data
Net income available to common shareholders	$591		$478		$561
Net interest income (U.S. GAAP)	1,495		1,437		1,387
Net interest income (FTE)(a)	1,500		1,442		1,393
Noninterest income	750		694		695
Noninterest expense	1,264		1,304		1,221

Per Share Data
Earnings per share, basic	$0.88		$0.71		$0.82
Earnings per share, diluted	0.88		0.71		0.81
Book value per share	28.47		27.41		25.13
Tangible book value per share(a)	20.98		19.92		17.75

Balance Sheet & Credit Quality
Average portfolio loans and leases	$123,071		$121,272		$116,891
Average deposits	163,575		164,157		167,194
Accumulated other comprehensive loss	(3,546)		(3,895)		(4,901)
Net charge-off ratio(b)	0.45	%	0.46	%	0.49	%
Nonperforming asset ratio(c)	0.72		0.81		0.55

Financial Ratios
Return on average assets	1.20	%	0.99	%	1.14	%
Return on average common equity	12.8		10.8		13.6
Return on average tangible common equity(a)	17.6		15.2		19.8
CET1 capital(d)(e)	10.56		10.43		10.62
Net interest margin(a)	3.12		3.03		2.88
Efficiency(a)	56.2		61.0		58.5
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.


Income Statement Highlights
($ in millions, except per share data)	For the Three Months Ended			% Change
	June	March	June
	2025	2025	2024	Seq	Yr/Yr
Condensed Statements of Income
Net interest income (NII)(a)	$1,500	$1,442	$1,393	4%	8%
Provision for credit losses	173	174	97	(1)%	78%
Noninterest income	750	694	695	8%	8%
Noninterest expense	1,264	1,304	1,221	(3)%	4%
Income before income taxes(a)	$813	$658	$770	24%	6%

Taxable equivalent adjustment	$5	$5	$6	—	(17)%
Applicable income tax expense	180	138	163	30%	10%
Net income	$628	$515	$601	22%	4%
Dividends on preferred stock	37	37	40	—	(8)%
Net income available to common shareholders	$591	$478	$561	24%	5%
Earnings per share, diluted	$0.88	$0.71	$0.81	24%	9%


Net Interest Income
(FTE; $ in millions)(a)	For the Three Months Ended						% Change
	June		March		June
	2025		2025		2024		Seq	Yr/Yr
Interest Income
Interest income	$2,489		$2,437		$2,626		2%	(5)%
Interest expense	989		995		1,233		(1)%	(20)%
Net interest income (NII)	$1,500		$1,442		$1,393		4%	8%
NII excluding certain items(a)	$1,500		$1,442		$1,398		4%	7%

Average Yield/Rate Analysis							bps Change
Yield on interest-earning assets	5.18	%	5.13	%	5.43	%	5	(25)
Rate paid on interest-bearing liabilities	2.78	%	2.80	%	3.39	%	(2)	(61)

Ratios
Net interest rate spread	2.40	%	2.33	%	2.04	%	7	36
Net interest margin (NIM)	3.12	%	3.03	%	2.88	%	9	24
NIM excluding certain items(a)	3.12	%	3.03	%	2.89	%	9	23


Noninterest Income
($ in millions)	For the Three Months Ended			% Change
	June	March	June
	2025	2025	2024	Seq	Yr/Yr
Noninterest Income
Wealth and asset management revenue	$166	$172	$159	(3)%	4%
Commercial payments revenue	152	153	154	(1)%	(1)%
Consumer banking revenue	147	137	139	7%	6%
Capital markets fees	90	90	93	—	(3)%
Commercial banking revenue	79	80	90	(1)%	(12)%
Mortgage banking net revenue	56	57	50	(2)%	12%
Other noninterest income	44	14	7	214%	529%
Securities gains (losses), net	16	(9)	3	NM	433%


Total noninterest income	$750	$694	$695	8%	8%


Noninterest Income excluding certain items
($ in millions)	For the Three Months Ended
	June	March	June	% Change
	2025	2025	2024	Seq	Yr/Yr
Noninterest Income excluding certain items
Noninterest income (U.S. GAAP)	$750	$694	$695
Valuation of Visa total return swap	1	18	23

Legal settlements and remediations	—	—	2
Securities (gains) losses, net	(16)	9	(3)
Noninterest income excluding certain items(a)	$735	$721	$717	2%	3%


Noninterest Expense excluding certain item(s)
($ in millions)	For the Three Months Ended			% Change
	June	March	June
	2025	2025	2024	Seq	Yr/Yr
Noninterest Expense excluding certain item(s)
Noninterest expense (U.S. GAAP)	$1,264	$1,304	$1,221
Severance expense	(15)	—	—
Legal settlements and remediations	—	—	(11)
FDIC special assessment	—	—	(6)

Noninterest expense excluding certain item(s)(a)	$1,249	$1,304	$1,204	(4)%	4%


Average Interest-Earning Assets
($ in millions)	For the Three Months Ended			% Change
	June	March	June
	2025	2025	2024	Seq	Yr/Yr
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$54,075	$53,401	$52,357	1%	3%
Commercial mortgage loans	12,410	12,368	11,352	—	9%
Commercial construction loans	5,810	5,797	5,917	—	(2)%
Commercial leases	3,120	3,110	2,575	—	21%
Total commercial loans and leases	$75,415	$74,676	$72,201	1%	4%
Consumer loans:
Residential mortgage loans	$17,615	$17,552	$17,004	—	4%
Home equity	4,383	4,222	3,929	4%	12%
Indirect secured consumer loans	17,248	16,476	15,373	5%	12%
Credit card	1,659	1,627	1,728	2%	(4)%
Solar energy installation loans	4,268	4,221	3,916	1%	9%
Other consumer loans	2,483	2,498	2,740	(1)%	(9)%
Total consumer loans	$47,656	$46,596	$44,690	2%	7%
Total average portfolio loans and leases	$123,071	$121,272	$116,891	1%	5%

Average Loans and Leases Held for Sale
Commercial loans and leases held for sale	$45	$64	$33	(30)%	36%
Consumer loans held for sale	541	428	359	26%	51%
Total average loans and leases held for sale	$586	$492	$392	19%	49%

Total average loans and leases	$123,657	$121,764	$117,283	2%	5%

Securities (taxable and tax-exempt)	$56,243	$56,598	$56,607	(1)%	(1)%
Other short-term investments	12,782	14,446	20,609	(12)%	(38)%
Total average interest-earning assets	$192,682	$192,808	$194,499	—	(1)%


Average Wholesale Funding
	($ in millions)	For the Three Months Ended			% Change
		June	March	June
		2025	2025	2024	Seq	Yr/Yr
	Average Wholesale Funding
	CDs over $250,0001	$2,200	$2,346	$4,747	(6)%	(54)%

	Federal funds purchased	206	194	230	6%	(10)%
	Securities sold under repurchase agreements	353	286	373	23%	(5)%
	FHLB advances	4,976	4,767	3,165	4%	57%
	Derivative collateral and other secured borrowings	89	84	54	6%	65%
	Long-term debt	14,599	14,585	15,611	—	(6)%
	Total average wholesale funding	$22,423	$22,262	$24,180	1%	(7)%
	1CDs over $250,000 includes $1.1BN, $1.3BN, and $3.8BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 6/30/25, 3/31/25, and 6/30/24, respectively.


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

Total nonaccrual portfolio loans and leases (NPLs)	$853		$966		$823		$686		$606
Repossessed property	8		9		9		11		9
OREO	25		21		21		28		28
Total nonperforming portfolio loans and leases and OREO (NPAs)	$886		$996		$853		$725		$643

NPL ratio(g)	0.70	%	0.79	%	0.69	%	0.59	%	0.52	%
NPA ratio(c)	0.72	%	0.81	%	0.71	%	0.62	%	0.55	%

Portfolio loans and leases 30-89 days past due (accrual)	$277		$385		$303		$283		$302
Portfolio loans and leases 90 days past due (accrual)	34		33		32		40		33

30-89 days past due as a % of portfolio loans and leases	0.23	%	0.31	%	0.25	%	0.24	%	0.26	%
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	$2,384		$2,352		$2,305		$2,288		$2,318
Total net losses charged-off	(139)		(136)		(136)		(142)		(144)
Provision for loan and lease losses	167		168		183		159		114
ALLL, ending	$2,412		$2,384		$2,352		$2,305		$2,288

Reserve for unfunded commitments, beginning	$140		$134		$138		$137		$154
Provision for (benefit from) the reserve for unfunded commitments	6		6		(4)		1		(17)
Reserve for unfunded commitments, ending	$146		$140		$134		$138		$137

Total allowance for credit losses (ACL)	$2,558		$2,524		$2,486		$2,443		$2,425

ACL ratios:
As a % of portfolio loans and leases	2.09	%	2.07	%	2.08	%	2.09	%	2.08	%
As a % of nonperforming portfolio loans and leases	300	%	261	%	302	%	356	%	400	%
As a % of nonperforming portfolio assets	289	%	253	%	291	%	337	%	377	%

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

Total losses charged-off	$(194)		$(173)		$(175)		$(183)		$(182)
Total recoveries of losses previously charged-off	55		37		39		41		38
Total net losses charged-off	$(139)		$(136)		$(136)		$(142)		$(144)

Net charge-off ratio (NCO ratio)(b)	0.45	%	0.46	%	0.46	%	0.48	%	0.49	%
Commercial NCO ratio	0.38	%	0.35	%	0.32	%	0.40	%	0.45	%
Consumer NCO ratio	0.56	%	0.63	%	0.68	%	0.62	%	0.57	%


Capital Position
	As of and For the Three Months Ended
	June		March		December		September		June
	2025		2025		2024		2024		2024
Capital Position
Average total Bancorp shareholders' equity as a % of average assets	9.82	%	9.50	%	9.40	%	9.47	%	8.80	%
Tangible equity(a)	9.39	%	9.07	%	9.02	%	8.99	%	8.91	%
Tangible common equity (excluding AOCI)(a)	8.38	%	8.07	%	8.03	%	8.00	%	7.92	%
Tangible common equity (including AOCI)(a)	6.84	%	6.40	%	6.02	%	6.52	%	5.80	%

Regulatory Capital Ratios(d)(e)
CET1 capital	10.56	%	10.43	%	10.57	%	10.75	%	10.62	%
Tier 1 risk-based capital	11.83	%	11.71	%	11.86	%	12.07	%	11.93	%
Total risk-based capital	13.75	%	13.63	%	13.86	%	14.13	%	13.95	%
Leverage	9.42	%	9.23	%	9.22	%	9.11	%	9.07	%




			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			20-21
			Summary of Loans and Leases			22
			Regulatory Capital			23
			Summary of Credit Loss Experience			24
			Asset Quality			25
			Non-GAAP Reconciliation			26-28
			Segment Presentation			29


Fifth Third Bancorp and Subsidiaries
Financial Highlights		As of and For the Three Months Ended						% / bps								% / bps
$ in millions, except per share data								Change				Year to Date				Change
(unaudited)		June		March		June						June		June
		2025		2025		2024		Seq		Yr/Yr		2025		2024		Yr/Yr
Income Statement Data
Net interest income		$1,495		$1,437		$1,387		4%		8%		$2,932		$2,771		6%
Net interest income (FTE)(a)		1,500		1,442		1,393		4%		8%		2,942		2,783		6%
Noninterest income		750		694		695		8%		8%		1,444		1,406		3%
	Total revenue (FTE)(a)	2,250		2,136		2,088		5%		8%		4,386		4,189		5%
Provision for credit losses		173		174		97		(1%)		78%		347		191		82%
Noninterest expense		1,264		1,304		1,221		(3%)		4%		2,568		2,562		—
Net income		628		515		601		22%		4%		1,142		1,122		2%
Net income available to common shareholders		591		478		561		24%		5%		1,069		1,041		3%

Earnings Per Share Data
Net income allocated to common shareholders		$591		$478		$561		24%		5%		$1,069		$1,041		3%
Average common shares outstanding (in thousands):
	Basic	670,787		671,052		686,781		—		(2%)		670,919		686,265		(2%)
	Diluted	674,034		676,040		691,083		—		(2%)		675,032		690,858		(2%)
Earnings per share, basic		$0.88		$0.71		$0.82		24%		7%		$1.59		$1.52		5%
Earnings per share, diluted		0.88		0.71		0.81		24%		9%		1.58		1.51		5%

Common Share Data
Cash dividends per common share		$0.37		$0.37		$0.35		—		6%		$0.74		$0.70		6%
Book value per share		28.47		27.41		25.13		4%		13%		28.47		25.13		13%
Market value per share		41.13		39.20		36.49		5%		13%		41.13		36.49		13%
Common shares outstanding (in thousands)		667,710		667,272		680,789		—		(2%)		667,710		680,789		(2%)
Market capitalization		$27,463		$26,157		$24,842		5%		11%		$27,463		$24,842		11%

Financial Ratios
Return on average assets		1.20	%	0.99	%	1.14	%	21		6		1.09	%	1.06	%	3
Return on average common equity		12.8	%	10.8	%	13.6	%	200		(80)		11.8	%	12.6	%	(80)
Return on average tangible common equity(a)		17.6	%	15.2	%	19.8	%	240		(220)		16.5	%	18.3	%	(180)
Noninterest income as a percent of total revenue(a)		33	%	32	%	33	%	100		—		33	%	34	%	(100)
Dividend payout		42.0	%	52.1	%	42.7	%	(1,010)		(70)		46.5	%	46.1	%	40
Average total Bancorp shareholders’ equity as a percent of average assets		9.82	%	9.50	%	8.80	%	32		102		9.66	%	8.79	%	87
Tangible common equity(a)		8.38	%	8.07	%	7.92	%	31		46		8.38	%	7.92	%	46
Net interest margin (FTE)(a)		3.12	%	3.03	%	2.88	%	9		24		3.08	%	2.87	%	21
Efficiency (FTE)(a)		56.2	%	61.0	%	58.5	%	(480)		(230)		58.6	%	61.2	%	(260)
Effective tax rate		22.2	%	21.2	%	21.3	%	100		90		21.8	%	21.2	%	60

Credit Quality
Net losses charged-off		$139		$136		$144		2	%	(3	%)	$276		$254		9	%
Net losses charged-off as a percent of average portfolio loans and leases (annualized)		0.45	%	0.46	%	0.49	%	(1)		(4)		0.45	%	0.44	%	1
ALLL as a percent of portfolio loans and leases		1.97	%	1.95	%	1.96	%	2		1		1.97	%	1.96	%	1
ACL as a percent of portfolio loans and leases(g)		2.09	%	2.07	%	2.08	%	2		1		2.09	%	2.08	%	1
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO		0.72	%	0.81	%	0.55	%	(9)		17		0.72	%	0.55	%	17

Average Balances
Loans and leases, including held for sale		$123,657		$121,764		$117,283		2%		5%		$122,716		$117,491		4%
Securities and other short-term investments		69,025		71,044		77,216		(3%)		(11%)		70,029		77,433		(10%)
Assets		210,554		210,558		212,475		—		(1%)		210,556		212,839		(1%)
Transaction deposits(b)		150,881		151,431		151,680		—		(1%)		151,153		152,018		(1%)
Core deposits(c)		161,375		161,811		162,447		—		(1%)		161,591		162,523		(1%)
Wholesale funding(d)		22,423		22,262		24,180		1%		(7%)		22,343		24,476		(9%)
Bancorp shareholders' equity		20,670		20,000		18,707		3%		10%		20,337		18,717		9%

Regulatory Capital Ratios(e)(f)
CET1 capital		10.56	%	10.43	%	10.62	%	13		(6)		10.56	%	10.62	%	(6)
Tier 1 risk-based capital		11.83	%	11.71	%	11.93	%	12		(10)		11.83	%	11.93	%	(10)
Total risk-based capital		13.75	%	13.63	%	13.95	%	12		(20)		13.75	%	13.95	%	(20)
Leverage		9.42	%	9.23	%	9.07	%	19		35		9.42	%	9.07	%	35

Additional Metrics
Banking centers		1,089		1,084		1,070		—		2%		1,089		1,070		2%
ATMs		2,170		2,069		2,067		5%		5%		2,170		2,067		5%
Full-time equivalent employees		18,690		18,786		18,607		(1%)		—		18,690		18,607		—
Assets under care ($ in billions)(h)		$657		$639		$631		3%		4%		$657		$631		4%
Assets under management ($ in billions)(h)		73		68		65		7%		12%		73		65		12%


Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millions	For the Three Months Ended			% Change		Year to Date		% Change
(unaudited)	June	March	June			June	June
	2025	2025	2024	Seq	Yr/Yr	2025	2024	Yr/Yr
Interest Income
Interest and fees on loans and leases	$1,881	$1,816	$1,871	4%	1%	$3,696	$3,731	(1%)
Interest on securities	458	451	458	2%	—	910	913	—
Interest on other short-term investments	145	165	291	(12%)	(50%)	311	584	(47%)
Total interest income	2,484	2,432	2,620	2%	(5%)	4,917	5,228	(6%)

Interest Expense
Interest on deposits	732	743	958	(1%)	(24%)	1,476	1,912	(23%)
Interest on federal funds purchased	2	2	3	—	(33%)	4	6	(33%)
Interest on other short-term borrowings	59	56	48	5%	23%	115	95	21%
Interest on long-term debt	196	194	224	1%	(13%)	390	444	(12%)
Total interest expense	989	995	1,233	(1%)	(20%)	1,985	2,457	(19%)

Net Interest Income	1,495	1,437	1,387	4%	8%	2,932	2,771	6%

Provision for credit losses	173	174	97	(1%)	78%	347	191	82%
Net Interest Income After Provision for Credit Losses	1,322	1,263	1,290	5%	2%	2,585	2,580	—

Noninterest Income
Wealth and asset management revenue	166	172	159	(3%)	4%	338	320	6%
Commercial payments revenue	152	153	154	(1%)	(1%)	305	298	2%
Consumer banking revenue	147	137	139	7%	6%	284	275	3%
Capital markets fees	90	90	93	—	(3%)	179	190	(6%)
Commercial banking revenue	79	80	90	(1)	(12%)	160	174	(8%)
Mortgage banking net revenue	56	57	50	(2%)	12%	113	104	9%
Other noninterest income	44	14	7	214%	529%	58	32	81%
Securities gains (losses), net	16	(9)	3	NM	433%	7	13	(46%)

Total noninterest income	750	694	695	8%	8%	1,444	1,406	3%

Noninterest Expense
Compensation and benefits	698	750	656	(7%)	6%	1,447	1,409	3%
Technology and communications	126	123	114	2%	11%	250	231	8%
Net occupancy expense	83	87	83	(5%)	—	171	170	1%
Equipment expense	41	42	38	(2%)	8%	82	76	8%
Loan and lease expense	36	30	33	20%	9%	66	62	6%
Marketing expense	43	28	34	54%	26%	71	66	8%
Card and processing expense	22	21	21	5%	5%	43	41	5%
Other noninterest expense	215	223	242	(4%)	(11%)	438	507	(14%)
Total noninterest expense	1,264	1,304	1,221	(3%)	4%	2,568	2,562	—
Income Before Income Taxes	808	653	764	24%	6%	1,461	1,424	3%
Applicable income tax expense	180	138	163	30%	10%	319	302	6%
Net Income	628	515	601	22%	4%	1,142	1,122	2%
Dividends on preferred stock	37	37	40	—	(8%)	73	81	(10%)
Net Income Available to Common Shareholders	$591	$478	$561	24%	5%	$1,069	$1,041	3%


Fifth Third Bancorp and Subsidiaries
Non-GAAP Reconciliation
$ and shares in millions		As of and For the Three Months Ended
(unaudited)		June		March		December		September		June
		2025		2025		2024		2024		2024
Net interest income		$1,495		$1,437		$1,437		$1,421		$1,387
Add: Taxable equivalent adjustment		5		5		6		6		6
Net interest income (FTE) (a)		1,500		1,442		1,443		1,427		1,393

Net interest income (annualized) (b)		5,996		5,828		5,717		5,653		5,578
Net interest income (FTE) (annualized) (c)		6,016		5,848		5,741		5,677		5,603

Interest income		2,484		2,432		2,528		2,669		2,620
Add: Taxable equivalent adjustment		5		5		6		6		6
Interest income (FTE)		2,489		2,437		2,534		2,675		2,626
Interest income (FTE) (annualized) (d)		9,983		9,883		10,081		10,642		10,562

Interest expense (annualized) (e)		3,967		4,035		4,340		4,965		4,959
Average interest-earning assets (f)		192,682		192,808		193,513		195,836		194,499
Average interest-bearing liabilities (g)		142,913		144,285		144,771		147,092		146,361

Net interest margin (b) / (f)		3.11	%	3.02	%	2.95	%	2.89	%	2.87	%
Net interest margin (FTE) (c) / (f)		3.12	%	3.03	%	2.97	%	2.90	%	2.88	%
Net interest rate spread (FTE) (d) / (f) - (e) / (g)		2.40	%	2.33	%	2.21	%	2.05	%	2.04	%

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

Net income available to common shareholders		591		478		582		532		561
Add: Intangible amortization, net of tax		5		6		7		7		7
Tangible net income available to common shareholders (h)		596		484		589		539		568
Tangible net income available to common shareholders (annualized) (i)		2,391		1,963		2,343		2,144		2,284

Average Bancorp shareholders’ equity		20,670		20,000		19,893		20,251		18,707
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	(79)		(86)		(94)		(103)		(111)
Average tangible common equity, including AOCI (j)		13,557		12,880		12,765		13,114		11,562
Less:	Average AOCI	3,935		4,362		4,292		3,914		5,278
Average tangible common equity, excluding AOCI (k)		17,492		17,242		17,057		17,028		16,840

Total Bancorp shareholders’ equity		21,124		20,403		19,645		20,784		19,226
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	(75)		(82)		(90)		(98)		(107)
Tangible common equity, including AOCI (l)		14,015		13,287		12,521		13,652		12,085
Less:	AOCI	3,546		3,895		4,636		3,446		4,901
Tangible common equity, excluding AOCI (m)		17,561		17,182		17,157		17,098		16,986
Add:	Preferred stock	2,116		2,116		2,116		2,116		2,116
Tangible equity (n)		19,677		19,298		19,273		19,214		19,102

Total assets		209,991		212,669		212,927		214,318		213,262
Less:	Goodwill	(4,918)		(4,918)		(4,918)		(4,918)		(4,918)
	Intangible assets	(75)		(82)		(90)		(98)		(107)
Tangible assets, including AOCI (o)		204,998		207,669		207,919		209,302		208,237
Less:	AOCI, before tax	4,666		5,125		5,868		4,362		6,204
Tangible assets, excluding AOCI (p)		$209,664		$212,794		$213,787		$213,664		$214,441

Common shares outstanding (q)		668		667		670		676		681

Tangible equity (n) / (p)		9.39	%	9.07	%	9.02	%	8.99	%	8.91	%
Tangible common equity (excluding AOCI) (m) / (p)		8.38	%	8.07	%	8.03	%	8.00	%	7.92	%
Tangible common equity (including AOCI) (l) / (o)		6.84	%	6.40	%	6.02	%	6.52	%	5.80	%
Tangible book value per share (including AOCI) (l) / (q)		$20.98		$19.92		$18.69		$20.20		$17.75
Tangible book value per share (excluding AOCI) (m) / (q)		$26.29		$25.76		$25.61		$25.29		$24.94


Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share data	As of
(unaudited)	June	March	December	September	June
	2025	2025	2024	2024	2024
Assets
Cash and due from banks	$2,972	$3,009	$3,014	$3,215	$2,837
Other short-term investments	13,043	14,965	17,120	21,729	21,085
Available-for-sale debt and other securities(a)	38,270	39,747	39,547	40,396	38,986
Held-to-maturity securities(b)	11,630	11,185	11,278	11,358	11,443
Trading debt securities	1,324	1,159	1,185	1,176	1,132
Equity securities	404	494	341	428	476
Loans and leases held for sale	646	473	640	612	537
Portfolio loans and leases:
Commercial and industrial loans	53,312	53,700	52,271	50,916	51,840
Commercial mortgage loans	12,112	12,357	12,246	11,394	11,429
Commercial construction loans	5,551	5,952	5,588	5,947	5,806
Commercial leases	3,177	3,128	3,188	2,873	2,708
Total commercial loans and leases	74,152	75,137	73,293	71,130	71,783
Residential mortgage loans	17,681	17,581	17,543	17,166	17,040
Home equity	4,485	4,265	4,188	4,074	3,969
Indirect secured consumer loans	17,591	16,804	16,313	15,942	15,442
Credit card	1,707	1,660	1,734	1,703	1,733
Solar energy installation loans	4,316	4,262	4,202	4,078	3,951
Other consumer loans	2,464	2,482	2,518	2,575	2,661
Total consumer loans	48,244	47,054	46,498	45,538	44,796
Portfolio loans and leases	122,396	122,191	119,791	116,668	116,579
Allowance for loan and lease losses	(2,412)	(2,384)	(2,352)	(2,305)	(2,288)
Portfolio loans and leases, net	119,984	119,807	117,439	114,363	114,291
Bank premises and equipment	2,560	2,506	2,475	2,425	2,389
Operating lease equipment	344	314	319	357	392
Goodwill	4,918	4,918	4,918	4,918	4,918
Intangible assets	75	82	90	98	107
Servicing rights	1,629	1,663	1,704	1,656	1,731
Other assets	12,192	12,347	12,857	11,587	12,938
Total Assets	$209,991	$212,669	$212,927	$214,318	$213,262

Liabilities
Deposits:


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

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

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



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

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



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

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



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

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



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)(a)	$372	$648	$59	$(309)	$770


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