FIFTH THIRD BANCORP

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

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FY2025 · Filed Feb 24, 2026

FITB$54.36+2.5%Stored close · as of Nov 9, 2026

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Contents

Lease Obligations – Lessee

Lease Obligations - Lessee

The Bancorp leases certain banking centers, ATM sites, land for owned buildings and equipment. The Bancorp’s lease agreements typically do not contain any residual value guarantees or any material restrictive covenants.

The following table provides a summary of lease assets and lease liabilities as of December 31:

($ in millions)	Consolidated Balance Sheets Caption	2025	2024
Assets
Operating lease ROU assets	Other assets	$629	526
Finance lease ROU assets	Bank premises and equipment	156	146
Total ROU assets(a)		$785	672
Liabilities
Operating lease liabilities	Accrued taxes, interest and expenses	$711	606
Finance lease liabilities	Long-term debt	174	161
Total lease liabilities		$885	767

(a)Operating and finance lease ROU assets are recorded net of accumulated amortization of $378 and $75, respectively, as of December 31, 2025, and $328 and $54, respectively, as of December 31, 2024.

The following table presents the components of lease costs for the years ended December 31:

($ in millions)	Consolidated Statements of Income Caption	2025	2024	2023
Lease costs:
Amortization of ROU assets	Net occupancy and equipment expense	$22	21	19
Interest on lease liabilities	Interest on long-term debt	6	6	5
Total finance lease costs		$28	27	24
Operating lease cost	Net occupancy expense	$99	89	87
Short-term lease cost	Net occupancy expense	1	1	2
Variable lease cost	Net occupancy expense	26	30	29
Sublease income	Net occupancy expense	(3)	(3)	(2)
Total operating lease costs		$123	117	116
Total lease costs		$151	144	140

The following table presents undiscounted cash flows for both operating leases and finance leases for 2026 through 2030 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities:

As of December 31, 2025 ($ in millions)	OperatingLeases	FinanceLeases	Total
2026	$101	28	129
2027	95	28	123
2028	87	28	115
2029	78	17	95
2030	69	11	80
Thereafter	546	101	647
Total undiscounted cash flows	$976	213	1,189
Less: Difference between undiscounted cash flows and discounted cash flows	265	39	304
Present value of lease liabilities	$711	174	885

The following table presents the weighted-average remaining lease term and weighted-average discount rate as of December 31:

2025 · 2024
Weighted-average remaining lease term (years):
Operating leases	12.84	11.57
Finance leases	11.25	12.66
Weighted-average discount rate:
Operating leases	4.45	%	4.08
Finance leases	3.78		3.80

146 Fifth Third Bancorp

The following table presents information related to lease transactions for the years ended December 31:

($ in millions)	2025	2024	2023
Cash paid for amounts included in the measurement of lease liabilities:(a)
Operating cash flows from operating leases	$97	95	91
Operating cash flows from finance leases	6	6	5
Financing cash flows from finance leases	19	18	16
Gains on sale-leaseback transactions	—	—	2

(a)The cash flows related to short-term and variable lease payments are not included in the amounts presented as they were not included in the measurement of lease liabilities.

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