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FIFTH THIRD BANCORP (FITB)

For the quarter ending 2025-06-30.

Overview

Net Income
$591M
EPS
$0.88
Unit: Million (M) dollars

Unit: Million (M) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Service charges on deposits- - 161 156
Leasing business revenue- - 43 38
Card and processing revenue- - 106 108
Other noninterest income44 14 15 37
Wealth and asset management revenue166 172 163 159
Mortgage banking net revenue56 57 50 50
Securities gains, net16 -9 10 3
Consumer banking revenue147 137 - -
Commercial payments revenue152 153 - -
Commercial banking revenue79 80 163 144
Capital markets fees90 90 - -
Total noninterest income750 694 711 695
Other noninterest expense215 223 245 253
Loan and lease expense36 30 21 22
Net occupancy expense83 87 81 83
Marketing expense43 28 26 34
Compensation and benefits698 750 690 656
Equipment expense41 42 38 38
Technology and communications126 123 121 114
Card and processing expense22 21 22 21
Total noninterest expense1,264 1,304 1,244 1,221
Provision for credit losses173 174 160 97
Interest on other short-term borrowings59 56 40 48
Interest on long-term debt196 194 238 224
Interest on federal funds purchased2 2 2 3
Interest on deposits732 743 968 958
Total interest expense989 995 1,248 1,233
Interest on other short-term investments145 165 298 291
Interest and fees on loans and leases1,881 1,816 1,910 1,871
Interest on securities458 451 461 458
Total interest income2,484 2,432 2,669 2,620
Net interest income1,495 1,437 1,421 1,387
Net interest income after provision for credit losses1,322 1,263 1,261 1,290
Income before income taxes808 653 728 764
Applicable income tax expense180 138 155 163
Net income628 515 573 601
Dividends on preferred stock37 37 41 40
Net income available to common shareholders591 478 532 561
Average common shares outstanding - basic (in shares)670,787,224 671,000,000 680,895,306 686,781,201
Average common shares outstanding - diluted (in shares)674,000,000 676,000,000 686,000,000 691,000,000
Earnings per share - basic (in dollars per share)0.88 0.71 0.78 0.82
Earnings per share - diluted (in dollars per share)0.88 0.71 0.78 0.81
Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement

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Interest on securities$458M (0.00%↑ Y/Y)Interest and fees on loansand leases$1,881M (0.53%↑ Y/Y)Interest on othershort-term investments$145M (-50.17%↓ Y/Y)Total interest income$2,484M (-5.19%↓ Y/Y)Net interest income$1,495M (7.79%↑ Y/Y)Capital markets fees$90M Commercial banking revenue$79M (-45.14%↓ Y/Y)Commercial paymentsrevenue$152M Consumer banking revenue$147M Securities gains, net$16M (433.33%↑ Y/Y)Mortgage banking netrevenue$56M (12.00%↑ Y/Y)Wealth and assetmanagement revenue$166M (4.40%↑ Y/Y)Other noninterestincome$44M (18.92%↑ Y/Y)Total interestexpense$989M (-19.79%↓ Y/Y)Net interest incomeafter provision for...$1,322M (2.48%↑ Y/Y)Total noninterestincome$750M (7.91%↑ Y/Y)Provision for creditlosses$173M (78.35%↑ Y/Y)Interest on deposits$732M (-23.59%↓ Y/Y)Interest on federal fundspurchased$2M (-33.33%↓ Y/Y)Interest on long-termdebt$196M (-12.50%↓ Y/Y)Interest on othershort-term borrowings$59M (22.92%↑ Y/Y)Income before incometaxes$808M (5.76%↑ Y/Y)Total noninterestexpense$1,264M (3.52%↑ Y/Y)Net income$628M (4.49%↑ Y/Y)Applicable income taxexpense$180M (10.43%↑ Y/Y)Card and processingexpense$22M (4.76%↑ Y/Y)Technology andcommunications$126M (10.53%↑ Y/Y)Equipment expense$41M (7.89%↑ Y/Y)Compensation and benefits$698M (6.40%↑ Y/Y)Marketing expense$43M (26.47%↑ Y/Y)Net occupancyexpense$83M (0.00%↑ Y/Y)Loan and leaseexpense$36M (63.64%↑ Y/Y)Other noninterestexpense$215M (-15.02%↓ Y/Y)Net incomeavailable to common...$591M (5.35%↑ Y/Y)Dividends on preferredstock$37M (-7.50%↓ Y/Y)