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$54.36+2.5%Stored close · as of Nov 9, 2026
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Statements of Comprehensive Income (unaudited)
| Fifth Third Bancorp and SubsidiariesCondensed Consolidated Financial Statements and Notes (continued) | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) | ||
| For the three months endedMarch 31, | ||
| ($ in millions) | 2024 | 2023 |
| Net Income | $520 | 558 |
| Other Comprehensive (Loss) Income, Net of Tax: | ||
| Net unrealized losses on available-for-sale debt securities: | ||
| Unrealized holding (losses) gains arising during period | (182) | 600 |
| Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | 785 | — |
| Reclassification adjustment for net losses included in net income | 3 | — |
| Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities: | ||
| Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | (785) | — |
| Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities | 25 | — |
| Net unrealized losses on cash flow hedge derivatives: | ||
| Unrealized holding (losses) gains arising during period | (316) | 215 |
| Reclassification adjustment for net losses included in net income | 69 | 50 |
| Other comprehensive (loss) income, net of tax | (401) | 865 |
| Comprehensive Income | $119 | 1,423 |
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