FIFTH THIRD BANCORP

For the period ended Dec 31, 2023. Filed Feb 27, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 27, 2024

FITB$54.19-0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

For the years ended December 31 ($ in millions, except share data)	2023	2022	2021
Interest Income
Interest and fees on loans and leases	$7,334	4,954	4,079
Interest on securities	1,770	1,517	1,090
Interest on other short-term investments	656	116	42
Total interest income	9,760	6,587	5,211
Interest Expense
Interest on deposits	2,929	447	59
Interest on federal funds purchased	15	6	—
Interest on other short-term borrowings	247	108	2
Interest on long-term debt	742	417	380
Total interest expense	3,933	978	441
Net Interest Income	5,827	5,609	4,770
Provision for (benefit from) credit losses	515	563	(377)
Net Interest Income After Provision for (Benefit from) Credit Losses	5,312	5,046	5,147
Noninterest Income
Commercial banking revenue	624	565	637
Wealth and asset management revenue	581	570	586
Service charges on deposits	577	589	600
Card and processing revenue	416	409	402
Mortgage banking net revenue	250	215	270
Leasing business revenue	208	237	300
Other noninterest income	207	265	332
Securities gains (losses), net	18	(82)	(7)
Securities losses, net - non-qualifying hedges on mortgage servicing rights	—	(2)	(2)
Total noninterest income	2,881	2,766	3,118
Noninterest Expense
Compensation and benefits	2,694	2,554	2,626
Technology and communications	464	416	388
Net occupancy expense	331	307	312
Equipment expense	148	145	138
Marketing expense	126	118	107
Leasing business expense	121	131	137
Card and processing expense	84	80	89
Other noninterest expense	1,237	968	951
Total noninterest expense	5,205	4,719	4,748
Income Before Income Taxes	2,988	3,093	3,517
Applicable income tax expense	639	647	747
Net Income	2,349	2,446	2,770
Dividends on preferred stock	137	116	111
Net Income Available to Common Shareholders	$2,212	2,330	2,659
Earnings per share - basic	$3.23	3.38	3.78
Earnings per share - diluted	$3.22	3.35	3.73
Average common shares outstanding - basic	684,172,079	688,633,659	702,188,552
Average common shares outstanding - diluted	687,678,291	694,952,038	711,197,805

113 Fifth Third Bancorp

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.