FIFTH THIRD BANCORP
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
FITB$54.19-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the years ended December 31 ($ in millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating Activities | |||
| Net income | $2,314 | 2,349 | 2,446 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 530 | 515 | 563 |
| Depreciation, amortization and accretion | 495 | 462 | 436 |
| Stock-based compensation expense | 164 | 169 | 165 |
| Provision for (benefit from) deferred income taxes | 72 | (106) | (60) |
| Securities (gains) losses, net | (20) | (31) | 84 |
| MSR fair value adjustment | 77 | 105 | (177) |
| Net gains on sales of loans and fair value adjustments on loans held for sale | (34) | (27) | (126) |
| Net gains on disposition and impairment of bank premises and equipment and operating lease equipment | (14) | (7) | (1) |
| Gain on the TRA associated with Worldpay, Inc. | (11) | (22) | (46) |
| Proceeds from sales of loans held for sale | 4,066 | 4,938 | 13,123 |
| Loans originated or purchased for sale, net of repayments | (4,301) | (4,242) | (10,239) |
| Dividends representing return on equity method investments | 44 | 46 | 50 |
| Net change in: | |||
| Equity and trading debt securities | (3) | (128) | 70 |
| Other assets | (625) | 326 | 646 |
| Accrued taxes, interest and expenses and other liabilities | 70 | 162 | (506) |
| Net Cash Provided by Operating Activities | 2,824 | 4,509 | 6,428 |
| Investing Activities | |||
| Proceeds from sales: | |||
| AFS securities and other investments | 782 | 2,813 | 4,359 |
| Loans and leases | 419 | 444 | 155 |
| Bank premises and equipment | 24 | 7 | 2 |
| MSRs | 5 | — | — |
| Proceeds from repayments / maturities of AFS and HTM securities and other investments | 5,814 | 4,235 | 4,495 |
| Purchases: | |||
| AFS securities, equity method investments and other investments | (7,129) | (6,244) | (29,714) |
| Bank premises and equipment | (414) | (491) | (348) |
| MSRs | — | (25) | (213) |
| Proceeds from settlement of BOLI | 34 | 14 | 49 |
| Proceeds from sales and dividends representing return of equity method investments | 11 | 69 | 87 |
| Net cash received for divestitures | 6 | — | 66 |
| Net cash paid on acquisitions | — | — | (917) |
| Net change in: | |||
| Other short-term investments | 4,962 | (13,731) | 26,224 |
| Portfolio loans and leases | (3,540) | 3,358 | (8,992) |
| Operating lease equipment | 65 | 63 | (124) |
| Net Cash Provided by (Used in) Investing Activities | 1,039 | (9,488) | (4,871) |
| Financing Activities | |||
| Net change in deposits | (1,660) | 5,222 | (5,994) |
| Net change in federal funds purchased and other short-term borrowings | (32) | (81) | (543) |
| Proceeds from short-term FHLB advances | 4,100 | 6,750 | 7,550 |
| Repayment of short-term FHLB advances | (2,500) | (8,550) | (3,250) |
| Proceeds from long-term debt issuances/advances | 3,249 | 4,286 | 4,026 |
| Repayment of long-term debt | (5,282) | (1,657) | (1,762) |
| Dividends paid on common and preferred stock | (1,176) | (1,060) | (927) |
| Repurchases of treasury stock and related forward contract | (625) | (200) | (100) |
| Other | (65) | (55) | (85) |
| Net Cash (Used in) Provided by Financing Activities | (3,991) | 4,655 | (1,085) |
| (Decrease) Increase in Cash and Due from Banks | (128) | (324) | 472 |
| Cash and Due from Banks at Beginning of Period | 3,142 | 3,466 | 2,994 |
| Cash and Due from Banks at End of Period | $3,014 | 3,142 | 3,466 |
Refer to the Notes to Consolidated Financial Statements. Note 2 contains cash payments related to interest and income taxes in addition to non-cash investing and financing activities.
112 Fifth Third Bancorp
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