FIFTH THIRD BANCORP
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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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$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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Table of Contents
2024 ANNUAL REPORT
FINANCIAL CONTENTS
| Glossary of Abbreviations and Acronyms | 46 | ||
|---|---|---|---|
| Management’s Discussion and Analysis of Financial Condition and Results of Operations | |||
| Overview | 47 | ||
| Non-GAAP Financial Measures | 51 | ||
| Recent Accounting Standards | 53 | ||
| Critical Accounting Policies | 53 | ||
| Statements of Income Analysis | 57 | ||
| Business Segment Review | 64 | ||
| Balance Sheet Analysis | 69 | ||
| Risk Management - Overview | 76 | ||
| Credit Risk Management | 77 | ||
| Interest Rate and Price Risk Management | 94 | ||
| Liquidity Risk Management | 100 | ||
| Operational Risk Management | 102 | ||
| Legal and Regulatory Compliance Risk Management | 103 | ||
| Capital Management | 104 | ||
| Report of Independent Registered Public Accounting Firm | 106 | ||
| Financial Statements | |||
| Consolidated Balance Sheets | 108 | ||
| Consolidated Statements of Income | 109 | ||
| Consolidated Statements of Comprehensive Income | 110 | ||
| Consolidated Statements of Changes in Equity | 111 | ||
| Consolidated Statements of Cash Flows | 112 | ||
| Notes to Consolidated Financial Statements | |||
| Summary of Significant Accounting and Reporting Policies | 113 | Long-Term Debt | 163 |
| Supplemental Cash Flow Information | 126 | Commitments, Contingent Liabilities and Guarantees | 167 |
| Restrictions on Dividends and Capital Actions | 126 | Legal and Regulatory Proceedings | 171 |
| Investment Securities | 127 | Related Party Transactions | 173 |
| Loans and Leases | 130 | Income Taxes | 174 |
| Credit Quality and the Allowance for Loan and Lease Losses | 132 | Retirement and Benefit Plans | 176 |
| Bank Premises and Equipment | 145 | Accumulated Other Comprehensive Income | 179 |
| Operating Lease Equipment | 145 | Common, Preferred and Treasury Stock | 181 |
| Lease Obligations – Lessee | 146 | Stock-Based Compensation | 183 |
| Goodwill | 147 | Other Noninterest Income and Other Noninterest Expense | 186 |
| Intangible Assets | 148 | Earnings Per Share | 186 |
| Variable Interest Entities | 149 | Fair Value Measurements | 187 |
| Sales of Receivables and Servicing Rights | 153 | Regulatory Capital Requirements and Capital Ratios | 195 |
| Derivative Financial Instruments | 155 | Parent Company Financial Statements | 196 |
| Other Assets | 161 | Business Segments | 198 |
| Short-Term Borrowings | 162 | Subsequent Events | 201 |
| Management’s Assessment as to the Effectiveness of Internal Control over Financial Reporting | 202 | ||
| Report of Independent Registered Public Accounting Firm | 203 | ||
| Consolidated Ten Year Comparison | 211 | ||
| Directors and Officers | 212 | ||
| Corporate Information | |||
45 Fifth Third Bancorp
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