FIFTH THIRD BANCORP
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
FITB$53.04-0.8%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Changes in Equity (unaudited)
| Fifth Third Bancorp and SubsidiariesCondensed Consolidated Financial Statements and Notes (continued) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) | ||||||||||
| ($ in millions, except per share data) · CommonStock · PreferredStock · CapitalSurplus · RetainedEarnings · AccumulatedOtherComprehensiveLoss · TreasuryStock · TotalEquity | ||||||||||
| Balance at December 31, 2022 | $2,051 | 2,116 | 3,684 | 21,689 | (5,110) | (7,103) | 17,327 | |||
| Impact of cumulative effect of change in accounting principle | 37 | 37 | ||||||||
| Balance at January 1, 2023 | $2,051 | 2,116 | 3,684 | 21,726 | (5,110) | (7,103) | 17,364 | |||
| Net income | 558 | 558 | ||||||||
| Other comprehensive income, net of tax | 865 | 865 | ||||||||
| Cash dividends declared: | ||||||||||
| Common stock ($0.33 per share) | (229) | (229) | ||||||||
| Preferred stock: | ||||||||||
| Series I ($414.06 per share) | (7) | (7) | ||||||||
| Series J ($492.75 per share) | (6) | (6) | ||||||||
| Series K ($309.38 per share) | (3) | (3) | ||||||||
| Series L ($281.25 per share) | (4) | (4) | ||||||||
| Class B, Series A ($15.00 per share) | (3) | (3) | ||||||||
| Shares acquired for treasury | (201) | (201) | ||||||||
| Impact of stock transactions under stock compensation plans, net | (2) | 32 | 30 | |||||||
| Balance at March 31, 2023 | $2,051 | 2,116 | 3,682 | 22,032 | (4,245) | (7,272) | 18,364 | |||
| Balance at December 31, 2023 | $2,051 | 2,116 | 3,757 | 22,997 | (4,487) | (7,262) | 19,172 | |||
| Impact of cumulative effect of change in accounting principle(a) | (10) | (10) | ||||||||
| Balance at January 1, 2024 | $2,051 | 2,116 | 3,757 | 22,987 | (4,487) | (7,262) | 19,162 | |||
| Net income | 520 | 520 | ||||||||
| Other comprehensive loss, net of tax | (401) | (401) | ||||||||
| Cash dividends declared: | ||||||||||
| Common stock ($0.35 per share) | (243) | (243) | ||||||||
| Preferred stock: | ||||||||||
| Series H ($545.09 per share) | (13) | (13) | ||||||||
| Series I ($587.86 per share) | (10) | (10) | ||||||||
| Series J ($551.01 per share) | (7) | (7) | ||||||||
| Series K ($309.38 per share) | (3) | (3) | ||||||||
| Series L ($281.25 per share) | (4) | (4) | ||||||||
| Class B, Series A ($15.00 per share) | (3) | (3) | ||||||||
| Impact of stock transactions under stock compensation plans, net | (15) | 35 | 20 | |||||||
| Balance at March 31, 2024 | $2,051 | 2,116 | 3,742 | 23,224 | (4,888) | (7,227) | 19,018 | |||
(a)Related to the adoption of ASU 2023-02 as of January 1, 2024. Refer to Note 3 for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.