FIFTH THIRD BANCORP

For the period ended Dec 31, 2024. Filed Feb 24, 2025.

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.

FY2024 · Filed Feb 24, 2025

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)	2024	2023	2022
Interest Income
Interest and fees on loans and leases	$7,477	7,334	4,954
Interest on securities	1,839	1,770	1,517
Interest on other short-term investments	1,110	656	116
Total interest income	10,426	9,760	6,587
Interest Expense
Interest on deposits	3,736	2,929	447
Interest on federal funds purchased	11	15	6
Interest on other short-term borrowings	157	247	108
Interest on long-term debt	892	742	417
Total interest expense	4,796	3,933	978
Net Interest Income	5,630	5,827	5,609
Provision for credit losses	530	515	563
Net Interest Income After Provision for Credit Losses	5,100	5,312	5,046
Noninterest Income(a)
Wealth and asset management revenue	647	581	570
Commercial payments revenue	608	564	568
Consumer banking revenue	555	546	542
Capital markets fees	424	422	387
Commercial banking revenue	377	409	419
Mortgage banking net revenue	211	250	215
Other noninterest income	12	91	149
Securities gains (losses), net	15	18	(84)
Total noninterest income	2,849	2,881	2,766
Noninterest Expense(a)
Compensation and benefits	2,763	2,694	2,554
Technology and communications	474	464	416
Net occupancy expense	339	331	307
Equipment expense	153	148	145
Loan and lease expense	132	133	167
Marketing expense	115	126	118
Card and processing expense	84	84	80
Other noninterest expense	973	1,225	932
Total noninterest expense	5,033	5,205	4,719
Income Before Income Taxes	2,916	2,988	3,093
Applicable income tax expense	602	639	647
Net Income	2,314	2,349	2,446
Dividends on preferred stock	159	137	116
Net Income Available to Common Shareholders	$2,155	2,212	2,330
Earnings per share - basic	$3.16	3.23	3.38
Earnings per share - diluted	$3.14	3.22	3.35
Average common shares outstanding - basic	682,160,985	684,172,079	688,633,659
Average common shares outstanding - diluted	687,300,837	687,678,291	694,952,038

(a)During the fourth quarter of 2024, certain noninterest income and noninterest expense line items were reclassified to better align disclosures to business activities. These reclassifications were retrospectively applied to all prior periods presented. Total noninterest income and noninterest expense did not change as a result of these reclassifications. Refer to Note 1 for additional information.

109 Fifth Third Bancorp

ContentsView on SEC.gov

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