{"id":802453,"date":"2025-01-21T06:34:02","date_gmt":"2025-01-21T11:34:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/"},"modified":"2025-01-21T06:34:02","modified_gmt":"2025-01-21T11:34:02","slug":"fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/","title":{"rendered":"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85"},"content":{"rendered":"

<\/p>\n

Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85<\/b><\/p>\n

Strong returns driven by growth in loans and fees and improvement in net interest margin<\/i><\/p>\n

Reported results included a negative $0.05 impact from certain items on page 2 of the earnings release<\/i><\/p>\n

CINCINNATI–(BUSINESS WIRE<\/a>)–
\nFifth Third Bancorp (NASDAQ: FITB):<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Key Financial Data<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Key Highlights<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

$ in millions for all balance sheet and income statement items<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

4Q24<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

3Q24<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

4Q23<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Stability:<\/b><\/p>\n

    \n
  • \nResilient balance sheet delivers continued positive momentum in net interest income, up 1% sequentially, attributable to loan growth, deposit rate management, and fixed rate asset re-pricing
    \n<\/li>\n<\/ul>\n
      \n
    • \nNet charge-off ratio decreased 2 bps sequentially
      \n<\/li>\n<\/ul>\n

      Profitability:<\/b><\/p>\n

        \n
      • \nDisciplined expense management; efficiency ratio(a)<\/sup><\/i> of 56.4%; adjusted efficiency ratio(a)<\/sup><\/i> of 54.7% improved 60 bps compared to 4Q23
        \n<\/li>\n<\/ul>\n
          \n
        • \nInterest-bearing liabilities costs down 38 bps from 3Q24, contributing to the 7 bps improvement in NIM
          \n<\/li>\n<\/ul>\n

          Growth:<\/b><\/p>\n

            \n
          • \nStrong fee performance driven by strategic investments. Compared to 4Q23(i)<\/sup><\/i>:
            \n<\/li>\n<\/ul>\n
              \n
            • \nCapital markets fees up 16%
              \n<\/li>\n<\/ul>\n
                \n
              • \nWealth and asset management revenue up 11%
                \n<\/li>\n<\/ul>\n
                  \n
                • \nCommercial payments revenue up 7%
                  \n<\/li>\n<\/ul>\n
                    \n
                  • \nCompared to 3Q24, period-end consumer and commercial loans increased 2% and 3%, respectively<\/p>\n<\/li>\n<\/ul>\n

                    \n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Income Statement Data<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nNet income available to common shareholders<\/p>\n<\/td>\n

\n

\n$582<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$532<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$492<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nNet interest income (U.S. GAAP)<\/p>\n<\/td>\n

\n

\n1,437<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n1,421<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n1,416<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nNet interest income (FTE)(a)<\/sup><\/i><\/p>\n<\/td>\n

\n

\n1,443<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n1,427<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n1,423<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nNoninterest income<\/p>\n<\/td>\n

\n

\n732<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n711<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n744<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nNoninterest expense<\/p>\n<\/td>\n

\n

\n1,226<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n1,244<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n1,455<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Per Share Data<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nEarnings per share, basic<\/p>\n<\/td>\n

\n

\n$0.86<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$0.78<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$0.72<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nEarnings per share, diluted<\/p>\n<\/td>\n

\n

\n0.85<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n0.78<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n0.72<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nBook value per share<\/p>\n<\/td>\n

\n

\n26.17<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n27.60<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n25.04<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nTangible book value per share(a)<\/sup><\/i><\/p>\n<\/td>\n

\n

\n18.69<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n20.20<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n17.64<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Balance Sheet & Credit Quality<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nAverage portfolio loans and leases<\/p>\n<\/td>\n

\n

\n$117,860<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$116,826<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n$118,858<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nAverage deposits<\/p>\n<\/td>\n

\n

\n167,237<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n167,196<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n169,447<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nAccumulated other comprehensive loss<\/p>\n<\/td>\n

\n

\n(4,636)<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n(3,446)<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n(4,487)<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nNet charge-off ratio(b)<\/sup><\/i><\/p>\n<\/td>\n

\n

\n0.46<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n

\n0.48<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n

\n0.32<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nNonperforming asset ratio(c)<\/sup><\/i><\/p>\n<\/td>\n

\n

\n0.71<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n0.62<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n0.59<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Financial Ratios<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nReturn on average assets<\/p>\n<\/td>\n

\n

\n1.17<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n

\n1.06<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n

\n0.98<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nReturn on average common equity<\/p>\n<\/td>\n

\n

\n13.0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n11.7<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n12.9<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nReturn on average tangible common equity(a)<\/sup><\/i><\/p>\n<\/td>\n

\n

\n18.4<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n16.3<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n19.8<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nCET1 capital(d)(e)<\/sup><\/i><\/p>\n<\/td>\n

\n

\n10.51<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n10.75<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n10.29<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nNet interest margin(a)<\/sup><\/i><\/p>\n<\/td>\n

\n

\n2.97<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n2.90<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n2.85<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nEfficiency(a)<\/sup><\/i><\/p>\n<\/td>\n

\n

\n56.4<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n58.2<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n67.2<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

Other than the Quarterly Financial Review tables beginning on page 14 of the earnings release, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.<\/i><\/td>\n<\/tr>\n<\/table>\n\n\n\n
<\/tr>\n
\n

From Tim Spence, Fifth Third Chairman, CEO and President:<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Fifth Third delivered another year of strong and consistent performance in 2024. In the fourth quarter, we achieved growth in loans, deposits, and fees, while also expanding our net interest margin and maintaining expense discipline.<\/i><\/p>\n

The consistent investment and execution of our strategic growth priorities continues to yield strong results. In the fourth quarter, our total consumer households surpassed 2.5 million, and we opened 21 new branches in high-growth markets. Both wealth and asset management and capital markets experienced double digit revenue growth compared to the year-ago quarter. Additionally, commercial payments revenue grew 7% and continues to add new payments-led relationships.<\/i><\/p>\n

During 2024, our strong profitability allowed us to return $1.6 billion of capital to our shareholders while increasing our capital ratios.<\/i><\/p>\n

The risks we face are well-understood and well-contained. Our balance sheet was resilient in 2024 and is positioned to continue this strong performance in 2025 through a range of interest rate outcomes. We remain proactive in managing our credit risk. As we navigate these risks, we are committed to generating long-term, sustainable value for our shareholders as we adhere to our guiding principles of stability, profitability, and growth – in that order.<\/i><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n

Income Statement Highlights<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n

($ in millions, except per share data)<\/b><\/p>\n<\/td>\n

\n\n

\nFor the Three Months Ended<\/p>\n<\/td>\n

\n\n

\n% Change<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\nSeptember<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2023<\/p>\n<\/td>\n

\n\n

\nSeq<\/p>\n<\/td>\n

\n\n

\nYr\/Yr<\/p>\n<\/td>\n<\/tr>\n

\n\n

Condensed Statements of Income<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNet interest income (NII)(a)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n$1,443<\/p>\n<\/td>\n

\n\n

\n$1,427<\/p>\n<\/td>\n

\n\n

\n$1,423<\/p>\n<\/td>\n

\n\n

\n1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nProvision for credit losses<\/p>\n<\/td>\n

\n\n

\n179<\/p>\n<\/td>\n

\n\n

\n160<\/p>\n<\/td>\n

\n\n

\n55<\/p>\n<\/td>\n

\n\n

\n12<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n225<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNoninterest income<\/p>\n<\/td>\n

\n\n

\n732<\/p>\n<\/td>\n

\n\n

\n711<\/p>\n<\/td>\n

\n\n

\n744<\/p>\n<\/td>\n

\n\n

\n3<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n(2<\/p>\n<\/td>\n

\n

\n)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNoninterest expense<\/p>\n<\/td>\n

\n\n

\n1,226<\/p>\n<\/td>\n

\n\n

\n1,244<\/p>\n<\/td>\n

\n\n

\n1,455<\/p>\n<\/td>\n

\n\n

\n(1<\/p>\n<\/td>\n

\n

\n)%<\/p>\n<\/td>\n

\n\n

\n(16<\/p>\n<\/td>\n

\n

\n)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nIncome before income taxes(a)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n$770<\/p>\n<\/td>\n

\n\n

\n$734<\/p>\n<\/td>\n

\n\n

\n$657<\/p>\n<\/td>\n

\n\n

\n5<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n17<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTaxable equivalent adjustment<\/p>\n<\/td>\n

\n\n

\n$6<\/p>\n<\/td>\n

\n\n

\n$6<\/p>\n<\/td>\n

\n\n

\n$7<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n(14<\/p>\n<\/td>\n

\n

\n)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nApplicable income tax expense<\/p>\n<\/td>\n

\n\n

\n144<\/p>\n<\/td>\n

\n\n

\n155<\/p>\n<\/td>\n

\n\n

\n120<\/p>\n<\/td>\n

\n\n

\n(7<\/p>\n<\/td>\n

\n

\n)%<\/p>\n<\/td>\n

\n\n

\n20<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNet income<\/p>\n<\/td>\n

\n\n

\n$620<\/p>\n<\/td>\n

\n\n

\n$573<\/p>\n<\/td>\n

\n\n

\n$530<\/p>\n<\/td>\n

\n\n

\n8<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n17<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nDividends on preferred stock<\/p>\n<\/td>\n

\n\n

\n38<\/p>\n<\/td>\n

\n\n

\n41<\/p>\n<\/td>\n

\n\n

\n38<\/p>\n<\/td>\n

\n\n

\n(7<\/p>\n<\/td>\n

\n

\n)%<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNet income available to common shareholders<\/p>\n<\/td>\n

\n\n

\n$582<\/p>\n<\/td>\n

\n\n

\n$532<\/p>\n<\/td>\n

\n\n

\n$492<\/p>\n<\/td>\n

\n\n

\n9<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n18<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nEarnings per share, diluted<\/p>\n<\/td>\n

\n\n

\n$0.85<\/p>\n<\/td>\n

\n\n

\n$0.78<\/p>\n<\/td>\n

\n\n

\n$0.72<\/p>\n<\/td>\n

\n\n

\n9<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n18<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nFifth Third Bancorp (NASDAQ\u00ae<\/sup>: FITB) today reported fourth quarter 2024 net income available to common shareholders of $582 million, or $0.85 per diluted share, compared to $532 million, or $0.78 per diluted share, in the prior quarter and $492 million, or $0.72 per diluted share, in the year-ago quarter.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Diluted earnings per share impact of certain item(s) – 4Q24<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

(after-tax impact; $ in millions, except per share data)<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nInterchange litigation matters(f)2<\/sup><\/i><\/p>\n<\/td>\n

\n

\n$(42)<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nFifth Third Foundation contribution (noninterest expense)(f)<\/sup><\/i><\/p>\n<\/td>\n

\n

\n(12)<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nUpdate to the FDIC special assessment (noninterest expense)(f)<\/sup><\/i><\/p>\n<\/td>\n

\n

\n8<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nBenefit related to the resolution of certain state income tax matters<\/p>\n<\/td>\n

\n

\n15<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nAfter-tax impact(f)<\/sup><\/i>of certain items<\/p>\n<\/td>\n

\n

\n$(31)<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nDiluted earnings per share impact of certain item(s)1<\/sup><\/i><\/p>\n<\/td>\n

\n

\n$(0.05)<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Totals may not foot due to rounding; 1<\/sup>Diluted earnings per share impact reflects 681.456 million average diluted shares outstanding<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

2<\/sup>Interchange litigation matters decreased noninterest income by $51 million and increased noninterest expense by $4 million<\/i><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nFull year 2024 net income available to common shareholders was $2.2 billion, or $3.14 per diluted share, compared to 2023 full year net income available to common shareholders of $2.2 billion, or $3.22 per diluted share.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n

Net Interest Income<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n

(FTE; $ in millions)<\/b>(a)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\nFor the Three Months Ended<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n% Change<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nSeptember<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nDecember<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n2024<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n2023<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nSeq<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nYr\/Yr<\/p>\n<\/td>\n<\/tr>\n

\n\n

Interest Income<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nInterest income<\/p>\n<\/td>\n

\n\n

\n$2,534<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n$2,675<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n$2,655<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n(5<\/p>\n<\/td>\n

\n

\n)%<\/p>\n<\/td>\n

\n\n

\n(5<\/p>\n<\/td>\n

\n

\n)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nInterest expense<\/p>\n<\/td>\n

\n\n

\n1,091<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n1,248<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n1,232<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n(13<\/p>\n<\/td>\n

\n

\n)%<\/p>\n<\/td>\n

\n\n

\n(11<\/p>\n<\/td>\n

\n

\n)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNet interest income (NII)<\/p>\n<\/td>\n

\n\n

\n$1,443<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n$1,427<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n$1,423<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

Average Yield\/Rate Analysis<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nbps Change<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nYield on interest-earning assets<\/p>\n<\/td>\n

\n\n

\n5.21<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n5.43<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n5.31<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n(22<\/p>\n<\/td>\n

\n

\n)<\/p>\n<\/td>\n

\n\n

\n(10<\/p>\n<\/td>\n

\n

\n)<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nRate paid on interest-bearing liabilities<\/p>\n<\/td>\n

\n\n

\n3.00<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n3.38<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n3.34<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n(38<\/p>\n<\/td>\n

\n

\n)<\/p>\n<\/td>\n

\n\n

\n(34<\/p>\n<\/td>\n

\n

\n)<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

Ratios<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNet interest rate spread<\/p>\n<\/td>\n

\n\n

\n2.21<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n2.05<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n1.97<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n16<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n24<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNet interest margin (NIM)<\/p>\n<\/td>\n

\n\n

\n2.97<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n2.90<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n2.85<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n7<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n12<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nCompared to the prior quarter, NII increased $16 million, or 1%, primarily reflecting higher loan balances and decreased cost of interest-bearing deposits, partially offset by lower loan yields due to the impact of market rates on floating rate loans. These same factors drove the 7 bps increase in NIM. NIM continues to be impacted by the decision to carry elevated liquidity given the environment, with average other short-term investments (including interest-bearing cash) of $18 billion in the current quarter.<\/p>\n

\nCompared to the year-ago quarter, NII increased $20 million, or 1%, and NIM increased 12 bps. This year-over-year improvement was due to the benefits from proactive deposit and wholesale funding management decreasing interest-bearing liabilities costs by 34 bps, which more than offset the combined impact of the 10 bps decrease in interest-earning assets yield and the $4.7 billion reduction in interest-earning assets.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n\u00a0<\/p>\n<\/td>\n

\n

Noninterest Income<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

($ in millions)<\/b><\/p>\n<\/td>\n

\n\n

\nFor the Three Months Ended<\/p>\n<\/td>\n

\n\n

\n% Change<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\nSeptember<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2023<\/p>\n<\/td>\n

\n\n

\nSeq<\/p>\n<\/td>\n

\n\n

\nYr\/Yr<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Noninterest Income<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nWealth and asset management revenue<\/p>\n<\/td>\n

\n\n

\n$163<\/p>\n<\/td>\n

\n\n

\n$163<\/p>\n<\/td>\n

\n\n

\n$147<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n11%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nCommercial payments revenue<\/p>\n<\/td>\n

\n\n

\n155<\/p>\n<\/td>\n

\n\n

\n154<\/p>\n<\/td>\n

\n\n

\n145<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n

\n\n

\n7%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nConsumer banking revenue<\/p>\n<\/td>\n

\n\n

\n137<\/p>\n<\/td>\n

\n\n

\n143<\/p>\n<\/td>\n

\n\n

\n135<\/p>\n<\/td>\n

\n\n

\n(4)%<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nCapital markets fees<\/p>\n<\/td>\n

\n\n

\n123<\/p>\n<\/td>\n

\n\n

\n111<\/p>\n<\/td>\n

\n\n

\n106<\/p>\n<\/td>\n

\n\n

\n11%<\/p>\n<\/td>\n

\n\n

\n16%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nCommercial banking revenue<\/p>\n<\/td>\n

\n\n

\n109<\/p>\n<\/td>\n

\n\n

\n93<\/p>\n<\/td>\n

\n\n

\n101<\/p>\n<\/td>\n

\n\n

\n17%<\/p>\n<\/td>\n

\n\n

\n8%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nMortgage banking net revenue<\/p>\n<\/td>\n

\n\n

\n57<\/p>\n<\/td>\n

\n\n

\n50<\/p>\n<\/td>\n

\n\n

\n66<\/p>\n<\/td>\n

\n\n

\n14%<\/p>\n<\/td>\n

\n\n

\n(14)%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nOther noninterest (loss) income<\/p>\n<\/td>\n

\n\n

\n(4)<\/p>\n<\/td>\n

\n\n

\n(13)<\/p>\n<\/td>\n

\n\n

\n28<\/p>\n<\/td>\n

\n\n

\nNM<\/p>\n<\/td>\n

\n\n

\nNM<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nSecurities (losses) gains, net<\/p>\n<\/td>\n

\n\n

\n(8)<\/p>\n<\/td>\n

\n\n

\n10<\/p>\n<\/td>\n

\n\n

\n16<\/p>\n<\/td>\n

\n\n

\nNM<\/p>\n<\/td>\n

\n\n

\nNM<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nTotal noninterest income<\/p>\n<\/td>\n

\n\n

\n$732<\/p>\n<\/td>\n

\n\n

\n$711<\/p>\n<\/td>\n

\n\n

\n$744<\/p>\n<\/td>\n

\n\n

\n3%<\/p>\n<\/td>\n

\n\n

\n(2)%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

During the fourth quarter of 2024, certain noninterest income line items were reclassified to better align disclosures to business activities. These reclassifications resulted in three new line items to describe noninterest income, including commercial payments revenue, consumer banking revenue and capital markets fees. Commercial banking revenue and other noninterest income were also affected by the reclassifications. These reclassifications did not affect total noninterest income and were retrospectively applied to all prior periods presented.<\/i><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nReported noninterest income increased $21 million, or 3%, from the prior quarter, and decreased $12 million, or 2%, from the year-ago quarter. The reported results reflect the impact of certain items in the table below, including the mark-to-market on the valuation of Visa total return swap and securities gains\/losses which incorporate mark-to-market impacts from securities associated with non-qualified deferred compensation plans that are more than offset in noninterest expense.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n\n

Noninterest Income excluding certain items<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n

($ in millions)<\/b><\/p>\n<\/td>\n

\n\n

\nFor the Three Months Ended<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\nSeptember<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\n% Change<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2023<\/p>\n<\/td>\n

\n\n

\nSeq<\/p>\n<\/td>\n

\n\n

\nYr\/Yr<\/p>\n<\/td>\n<\/tr>\n

\n\n

Noninterest Income excluding certain items<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNoninterest income (U.S. GAAP)<\/p>\n<\/td>\n

\n\n

\n$732<\/p>\n<\/td>\n

\n\n

\n$711<\/p>\n<\/td>\n

\n\n

\n$744<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nValuation of Visa total return swap<\/p>\n<\/td>\n

\n\n

\n51<\/p>\n<\/td>\n

\n\n

\n47<\/p>\n<\/td>\n

\n\n

\n22<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nSecurities (gains) losses, net<\/p>\n<\/td>\n

\n\n

\n8<\/p>\n<\/td>\n

\n\n

\n(10)<\/p>\n<\/td>\n

\n\n

\n(16)<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNoninterest income excluding certain items(a)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n$791<\/p>\n<\/td>\n

\n\n

\n$748<\/p>\n<\/td>\n

\n\n

\n$750<\/p>\n<\/td>\n

\n\n

\n6%<\/p>\n<\/td>\n

\n\n

\n5%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nNoninterest income excluding certain items increased $43 million, or 6%, compared to the prior quarter, and increased $41 million, or 5%, from the year-ago quarter.<\/p>\n

\nCompared to the prior quarter, wealth and asset management revenue was flat, due to a decrease in brokerage fee revenue, offset by an increase in personal asset management revenue. Commercial payments revenue increased $1 million, or 1%, primarily driven by an increase in commercial deposit fees. Capital markets fees increased $12 million, or 11%, reflecting increases in syndication fees and M&A advisory fees. Commercial banking revenue increased $16 million, or 17%, primarily reflecting increases in lease syndication and remarketing. Mortgage banking net revenue increased $7 million, or 14%, primarily due to the negative MSR net valuation adjustments in the prior quarter not repeating in the fourth quarter. Other noninterest income results were driven by the recognition of tax receivable agreement revenue of $11 million in the current quarter.<\/p>\n

\nCompared to the year-ago quarter, wealth and asset management revenue increased $16 million, or 11%, primarily reflecting an increase in personal asset management revenue. Commercial payments revenue increased $10 million, or 7%, primarily driven by new customer acquisition, partially offset by a decrease in commercial card revenue. Consumer banking revenue increased $2 million, or 1%, primarily driven by an increase in card and processing revenue. Capital markets fees increased $17 million, or 16%, reflecting an increase in syndication fees, partially offset by a decrease in institutional brokerage revenue. Commercial banking revenue increased $8 million, or 8%, primarily reflecting an increase in lease syndication and remarketing, partially offset by the continued decrease in operating lease revenue. Mortgage banking net revenue decreased $9 million, or 14%, primarily reflecting decreases in servicing fees and origination fees and gains on loan sales. The decrease in other noninterest income was primarily attributable to lower tax receivable agreement revenue.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n\u00a0<\/p>\n<\/td>\n

\n

Noninterest Expense<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

($ in millions)<\/b><\/p>\n<\/td>\n

\n\n

\nFor the Three Months Ended<\/p>\n<\/td>\n

\n\n

\n% Change<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\nSeptember<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2023<\/p>\n<\/td>\n

\n\n

\nSeq<\/p>\n<\/td>\n

\n\n

\nYr\/Yr<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Noninterest Expense<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nCompensation and benefits<\/p>\n<\/td>\n

\n\n

\n$665<\/p>\n<\/td>\n

\n\n

\n$690<\/p>\n<\/td>\n

\n\n

\n$659<\/p>\n<\/td>\n

\n\n

\n(4)%<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nTechnology and communications<\/p>\n<\/td>\n

\n\n

\n123<\/p>\n<\/td>\n

\n\n

\n121<\/p>\n<\/td>\n

\n\n

\n117<\/p>\n<\/td>\n

\n\n

\n2%<\/p>\n<\/td>\n

\n\n

\n5%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nNet occupancy expense<\/p>\n<\/td>\n

\n\n

\n88<\/p>\n<\/td>\n

\n\n

\n81<\/p>\n<\/td>\n

\n\n

\n83<\/p>\n<\/td>\n

\n\n

\n9%<\/p>\n<\/td>\n

\n\n

\n6%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nEquipment expense<\/p>\n<\/td>\n

\n\n

\n39<\/p>\n<\/td>\n

\n\n

\n38<\/p>\n<\/td>\n

\n\n

\n37<\/p>\n<\/td>\n

\n\n

\n3%<\/p>\n<\/td>\n

\n\n

\n5%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nLoan and lease expense<\/p>\n<\/td>\n

\n\n

\n36<\/p>\n<\/td>\n

\n\n

\n34<\/p>\n<\/td>\n

\n\n

\n34<\/p>\n<\/td>\n

\n\n

\n6%<\/p>\n<\/td>\n

\n\n

\n6%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nMarketing expense<\/p>\n<\/td>\n

\n\n

\n23<\/p>\n<\/td>\n

\n\n

\n26<\/p>\n<\/td>\n

\n\n

\n30<\/p>\n<\/td>\n

\n\n

\n(12)%<\/p>\n<\/td>\n

\n\n

\n(23)%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nCard and processing expense<\/p>\n<\/td>\n

\n\n

\n21<\/p>\n<\/td>\n

\n\n

\n22<\/p>\n<\/td>\n

\n\n

\n21<\/p>\n<\/td>\n

\n\n

\n(5)%<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nOther noninterest expense<\/p>\n<\/td>\n

\n\n

\n231<\/p>\n<\/td>\n

\n\n

\n232<\/p>\n<\/td>\n

\n\n

\n474<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n(51)%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nTotal noninterest expense<\/p>\n<\/td>\n

\n\n

\n$1,226<\/p>\n<\/td>\n

\n\n

\n$1,244<\/p>\n<\/td>\n

\n\n

\n$1,455<\/p>\n<\/td>\n

\n\n

\n(1)%<\/p>\n<\/td>\n

\n\n

\n(16)%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

During the fourth quarter of 2024, certain noninterest expense line items were reclassified to better align disclosures to business activities. These reclassifications resulted in the separate disclosure of loan and lease expense, which was previously a component of other noninterest expense. These reclassifications did not affect total noninterest expense and were retrospectively applied to all prior periods presented.<\/i><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nReported noninterest expense decreased $18 million, or 1%, from the prior quarter, and decreased $229 million, or 16%, from the year-ago quarter. The reported results reflect the impact of certain items in the table below.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n

Noninterest Expense excluding certain item(s)<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

($ in millions)<\/b><\/p>\n<\/td>\n

\n\n

\nFor the Three Months Ended<\/p>\n<\/td>\n

\n\n

\n% Change<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\nSeptember<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2023<\/p>\n<\/td>\n

\n\n

\nSeq<\/p>\n<\/td>\n

\n\n

\nYr\/Yr<\/p>\n<\/td>\n<\/tr>\n

\n\n

Noninterest Expense excluding certain item(s)<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNoninterest expense (U.S. GAAP)<\/p>\n<\/td>\n

\n\n

\n$1,226<\/p>\n<\/td>\n

\n\n

\n$1,244<\/p>\n<\/td>\n

\n\n

\n$1,455<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nFifth Third Foundation contribution<\/p>\n<\/td>\n

\n\n

\n(15)<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n(15)<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nInterchange litigation matters<\/p>\n<\/td>\n

\n\n

\n(4)<\/p>\n<\/td>\n

\n\n

\n(10)<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nFDIC special assessment<\/p>\n<\/td>\n

\n\n

\n11<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n(224)<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nRestructuring severance expense<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n(9)<\/p>\n<\/td>\n

\n\n

\n(5)<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nNoninterest expense excluding certain item(s)(a)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n$1,218<\/p>\n<\/td>\n

\n\n

\n$1,225<\/p>\n<\/td>\n

\n\n

\n$1,211<\/p>\n<\/td>\n

\n\n

\n(1)%<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nCompared to the prior quarter, noninterest expense excluding certain items decreased $7 million, or 1%, primarily reflecting a decrease in compensation and benefits expense, offset by an increase in net occupancy expense. Noninterest expense in the current quarter included a $7 million benefit related to the mark-to-market impact of non-qualified deferred compensation compared to a $10 million expense in the prior quarter, both of which were largely offset in net securities gains\/losses through noninterest income.<\/p>\n

\nCompared to the year-ago quarter, noninterest expense excluding certain items increased $7 million, or 1%, primarily reflecting increases in compensation and benefits expense as well as technology and communications expense, partially offset by a decrease in marketing expense. The year-ago quarter included a $13 million expense related to the mark-to-market impact of non-qualified deferred compensation, which was largely offset in net securities gains through noninterest income.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n

Average Interest-Earning Assets<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

($ in millions)<\/b><\/p>\n<\/td>\n

\n\n

\nFor the Three Months Ended<\/p>\n<\/td>\n

\n\n

\n% Change<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\nSeptember<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2023<\/p>\n<\/td>\n

\n\n

\nSeq<\/p>\n<\/td>\n

\n\n

\nYr\/Yr<\/p>\n<\/td>\n<\/tr>\n

\n\n

Average Portfolio Loans and Leases<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nCommercial loans and leases:<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nCommercial and industrial loans<\/p>\n<\/td>\n

\n\n

\n$51,567<\/p>\n<\/td>\n

\n\n

\n$51,615<\/p>\n<\/td>\n

\n\n

\n$54,633<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n(6)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nCommercial mortgage loans<\/p>\n<\/td>\n

\n\n

\n11,792<\/p>\n<\/td>\n

\n\n

\n11,488<\/p>\n<\/td>\n

\n\n

\n11,338<\/p>\n<\/td>\n

\n\n

\n3%<\/p>\n<\/td>\n

\n\n

\n4%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nCommercial construction loans<\/p>\n<\/td>\n

\n\n

\n5,702<\/p>\n<\/td>\n

\n\n

\n5,981<\/p>\n<\/td>\n

\n\n

\n5,727<\/p>\n<\/td>\n

\n\n

\n(5)%<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nCommercial leases<\/p>\n<\/td>\n

\n\n

\n2,902<\/p>\n<\/td>\n

\n\n

\n2,685<\/p>\n<\/td>\n

\n\n

\n2,535<\/p>\n<\/td>\n

\n\n

\n8%<\/p>\n<\/td>\n

\n\n

\n14%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTotal commercial loans and leases<\/p>\n<\/td>\n

\n\n

\n$71,963<\/p>\n<\/td>\n

\n\n

\n$71,769<\/p>\n<\/td>\n

\n\n

\n$74,233<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n(3)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nConsumer loans:<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nResidential mortgage loans<\/p>\n<\/td>\n

\n\n

\n$17,322<\/p>\n<\/td>\n

\n\n

\n$17,031<\/p>\n<\/td>\n

\n\n

\n$17,129<\/p>\n<\/td>\n

\n\n

\n2%<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nHome equity<\/p>\n<\/td>\n

\n\n

\n4,125<\/p>\n<\/td>\n

\n\n

\n4,018<\/p>\n<\/td>\n

\n\n

\n3,905<\/p>\n<\/td>\n

\n\n

\n3%<\/p>\n<\/td>\n

\n\n

\n6%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nIndirect secured consumer loans<\/p>\n<\/td>\n

\n\n

\n16,100<\/p>\n<\/td>\n

\n\n

\n15,680<\/p>\n<\/td>\n

\n\n

\n15,129<\/p>\n<\/td>\n

\n\n

\n3%<\/p>\n<\/td>\n

\n\n

\n6%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nCredit card<\/p>\n<\/td>\n

\n\n

\n1,668<\/p>\n<\/td>\n

\n\n

\n1,708<\/p>\n<\/td>\n

\n\n

\n1,829<\/p>\n<\/td>\n

\n\n

\n(2)%<\/p>\n<\/td>\n

\n\n

\n(9)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nSolar energy installation loans<\/p>\n<\/td>\n

\n\n

\n4,137<\/p>\n<\/td>\n

\n\n

\n3,990<\/p>\n<\/td>\n

\n\n

\n3,630<\/p>\n<\/td>\n

\n\n

\n4%<\/p>\n<\/td>\n

\n\n

\n14%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nOther consumer loans<\/p>\n<\/td>\n

\n\n

\n2,545<\/p>\n<\/td>\n

\n\n

\n2,630<\/p>\n<\/td>\n

\n\n

\n3,003<\/p>\n<\/td>\n

\n\n

\n(3)%<\/p>\n<\/td>\n

\n\n

\n(15)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTotal consumer loans<\/p>\n<\/td>\n

\n\n

\n$45,897<\/p>\n<\/td>\n

\n\n

\n$45,057<\/p>\n<\/td>\n

\n\n

\n$44,625<\/p>\n<\/td>\n

\n\n

\n2%<\/p>\n<\/td>\n

\n\n

\n3%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTotal average portfolio loans and leases<\/p>\n<\/td>\n

\n\n

\n$117,860<\/p>\n<\/td>\n

\n\n

\n$116,826<\/p>\n<\/td>\n

\n\n

\n$118,858<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n

\n\n

\n(1)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

Average Loans and Leases Held for Sale<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nCommercial loans and leases held for sale<\/p>\n<\/td>\n

\n\n

\n$48<\/p>\n<\/td>\n

\n\n

\n$16<\/p>\n<\/td>\n

\n\n

\n$72<\/p>\n<\/td>\n

\n\n

\n200%<\/p>\n<\/td>\n

\n\n

\n(33)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nConsumer loans held for sale<\/p>\n<\/td>\n

\n\n

\n584<\/p>\n<\/td>\n

\n\n

\n573<\/p>\n<\/td>\n

\n\n

\n379<\/p>\n<\/td>\n

\n\n

\n2%<\/p>\n<\/td>\n

\n\n

\n54%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTotal average loans and leases held for sale<\/p>\n<\/td>\n

\n\n

\n$632<\/p>\n<\/td>\n

\n\n

\n$589<\/p>\n<\/td>\n

\n\n

\n$451<\/p>\n<\/td>\n

\n\n

\n7%<\/p>\n<\/td>\n

\n\n

\n40%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTotal average loans and leases<\/p>\n<\/td>\n

\n\n

\n$118,492<\/p>\n<\/td>\n

\n\n

\n$117,415<\/p>\n<\/td>\n

\n\n

\n$119,309<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n

\n\n

\n(1)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nSecurities (taxable and tax-exempt)<\/p>\n<\/td>\n

\n\n

\n$56,702<\/p>\n<\/td>\n

\n\n

\n$56,707<\/p>\n<\/td>\n

\n\n

\n$57,351<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n(1)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nOther short-term investments<\/p>\n<\/td>\n

\n\n

\n18,319<\/p>\n<\/td>\n

\n\n

\n21,714<\/p>\n<\/td>\n

\n\n

\n21,506<\/p>\n<\/td>\n

\n\n

\n(16)%<\/p>\n<\/td>\n

\n\n

\n(15)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTotal average interest-earning assets<\/p>\n<\/td>\n

\n\n

\n$193,513<\/p>\n<\/td>\n

\n\n

\n$195,836<\/p>\n<\/td>\n

\n\n

\n$198,166<\/p>\n<\/td>\n

\n\n

\n(1)%<\/p>\n<\/td>\n

\n\n

\n(2)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nCompared to the prior quarter, total average portfolio loans and leases increased 1%. Average commercial portfolio loans and leases were stable, primarily reflecting increases in commercial mortgage loans and commercial leases, offset by a decrease in commercial construction loans. Average consumer portfolio loans increased 2%, primarily reflecting increases in indirect secured consumer loans, residential mortgage loans, and solar energy installation loans, partially offset by a decrease in other consumer loans.<\/p>\n

\nCompared to the year-ago quarter, total average portfolio loans and leases decreased 1%. Average commercial portfolio loans and leases decreased 3%, primarily reflecting a decrease in C&I loans. Average consumer portfolio loans increased 3%, primarily reflecting increases in indirect secured consumer loans, solar energy installation loans, and home equity balances, partially offset by decreases in other consumer loans and credit card balances.<\/p>\n

\nAverage securities (taxable and tax-exempt; amortized cost) of $57 billion in the current quarter were stable compared to the prior quarter and decreased 1% compared to the year-ago quarter. Average other short-term investments (including interest-bearing cash) of $18 billion in the current quarter decreased 16% compared to the prior quarter and decreased 15% compared to the year-ago quarter.<\/p>\n

\nPeriod-end commercial portfolio loans and leases of $73 billion increased 3% compared to the prior quarter, primarily reflecting increases in C&I loans and commercial mortgage loans, partially offset by a decrease in commercial construction loans. Compared to the year-ago quarter, period-end commercial portfolio loans and leases increased 1%, primarily due to increases in commercial mortgage loans and commercial leases, partially offset by a decrease in C&I loans.<\/p>\n

\nPeriod-end consumer portfolio loans of $46 billion increased 2% compared to the prior quarter, primarily reflecting increases in residential mortgage loans and indirect secured consumer loans. Compared to the year-ago quarter, period-end consumer portfolio loans increased 5%, primarily driven by increases in indirect secured consumer loans, residential mortgage loans, and solar energy installation loans, partially offset by a decrease in other consumer loans.<\/p>\n

\nTotal period-end securities (taxable and tax-exempt; amortized cost) of $57 billion in the current quarter were stable compared to the prior quarter and decreased 1% compared to the year-ago quarter. Period-end other short-term investments of approximately $17 billion decreased 21% compared to the prior quarter, and decreased 22% compared to the year-ago quarter.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n

Average Deposits<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

($ in millions)<\/b><\/p>\n<\/td>\n

\n\n

\nFor the Three Months Ended<\/p>\n<\/td>\n

\n\n

\n% Change<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\nSeptember<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2023<\/p>\n<\/td>\n

\n\n

\nSeq<\/p>\n<\/td>\n

\n\n

\nYr\/Yr<\/p>\n<\/td>\n<\/tr>\n

\n\n

Average Deposits<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nDemand<\/p>\n<\/td>\n

\n\n

\n$40,137<\/p>\n<\/td>\n

\n\n

\n$40,020<\/p>\n<\/td>\n

\n\n

\n$43,396<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n(8)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nInterest checking<\/p>\n<\/td>\n

\n\n

\n59,277<\/p>\n<\/td>\n

\n\n

\n58,441<\/p>\n<\/td>\n

\n\n

\n57,114<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n

\n\n

\n4%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nSavings<\/p>\n<\/td>\n

\n\n

\n17,257<\/p>\n<\/td>\n

\n\n

\n17,272<\/p>\n<\/td>\n

\n\n

\n18,252<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n(5)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nMoney market<\/p>\n<\/td>\n

\n\n

\n37,279<\/p>\n<\/td>\n

\n\n

\n37,257<\/p>\n<\/td>\n

\n\n

\n34,292<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n9%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nForeign office(g)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n164<\/p>\n<\/td>\n

\n\n

\n164<\/p>\n<\/td>\n

\n\n

\n178<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n(8)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTotal transaction deposits<\/p>\n<\/td>\n

\n\n

\n$154,114<\/p>\n<\/td>\n

\n\n

\n$153,154<\/p>\n<\/td>\n

\n\n

\n$153,232<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nCDs $250,000 or less<\/p>\n<\/td>\n

\n\n

\n10,592<\/p>\n<\/td>\n

\n\n

\n10,543<\/p>\n<\/td>\n

\n\n

\n10,556<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTotal core deposits<\/p>\n<\/td>\n

\n\n

\n$164,706<\/p>\n<\/td>\n

\n\n

\n$163,697<\/p>\n<\/td>\n

\n\n

\n$163,788<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n

\n\n

\n1%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nCDs over $250,000<\/p>\n<\/td>\n

\n\n

\n2,531<\/p>\n<\/td>\n

\n\n

\n3,499<\/p>\n<\/td>\n

\n\n

\n5,659<\/p>\n<\/td>\n

\n\n

\n(28)%<\/p>\n<\/td>\n

\n\n

\n(55)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTotal average deposits<\/p>\n<\/td>\n

\n\n

\n$167,237<\/p>\n<\/td>\n

\n\n

\n$167,196<\/p>\n<\/td>\n

\n\n

\n$169,447<\/p>\n<\/td>\n

\n\n

\n\u2014<\/p>\n<\/td>\n

\n\n

\n(1)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

CDs over $250,000 includes $1.5BN, $2.6BN, and $4.8BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12\/31\/24, 9\/30\/24, and 12\/31\/23, respectively.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nCompared to the prior quarter, total average deposits were stable, primarily reflecting increases in interest checking balances and demand deposits, offset by a decline in CDs over $250,000 which consists primarily of retail brokered deposits. Average demand deposits represented 24% of total core deposits in the current quarter. Period-end total deposits decreased 1%.<\/p>\n

\nCompared to the year-ago quarter, total average deposits decreased 1%, primarily due to decreases in demand deposits, the aforementioned decrease in retail brokered deposits, and savings balances, partially offset by increases in money market deposits and interest checking balances. Period-end total deposits decreased 1%.<\/p>\n

\nThe period-end portfolio loan-to-core deposit ratio was 73% in the current quarter, compared to 71% in the prior quarter and 72% in the year-ago quarter.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n

Average Wholesale Funding<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

($ in millions)<\/b><\/p>\n<\/td>\n

\n\n

\nFor the Three Months Ended<\/p>\n<\/td>\n

\n\n

\n% Change<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\nSeptember<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2023<\/p>\n<\/td>\n

\n\n

\nSeq<\/p>\n<\/td>\n

\n\n

\nYr\/Yr<\/p>\n<\/td>\n<\/tr>\n

\n\n

Average Wholesale Funding<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nCDs over $250,000<\/p>\n<\/td>\n

\n\n

\n$2,531<\/p>\n<\/td>\n

\n\n

\n$3,499<\/p>\n<\/td>\n

\n\n

\n$5,659<\/p>\n<\/td>\n

\n\n

\n(28)%<\/p>\n<\/td>\n

\n\n

\n(55)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nFederal funds purchased<\/p>\n<\/td>\n

\n\n

\n223<\/p>\n<\/td>\n

\n\n

\n176<\/p>\n<\/td>\n

\n\n

\n191<\/p>\n<\/td>\n

\n\n

\n27%<\/p>\n<\/td>\n

\n\n

\n17%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nSecurities sold under repurchase agreements<\/p>\n<\/td>\n

\n\n

\n313<\/p>\n<\/td>\n

\n\n

\n396<\/p>\n<\/td>\n

\n\n

\n350<\/p>\n<\/td>\n

\n\n

\n(21)%<\/p>\n<\/td>\n

\n\n

\n(11)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nFHLB advances<\/p>\n<\/td>\n

\n\n

\n1,567<\/p>\n<\/td>\n

\n\n

\n2,576<\/p>\n<\/td>\n

\n\n

\n3,293<\/p>\n<\/td>\n

\n\n

\n(39)%<\/p>\n<\/td>\n

\n\n

\n(52)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nDerivative collateral and other secured borrowings<\/p>\n<\/td>\n

\n\n

\n76<\/p>\n<\/td>\n

\n\n

\n52<\/p>\n<\/td>\n

\n\n

\n34<\/p>\n<\/td>\n

\n\n

\n46%<\/p>\n<\/td>\n

\n\n

\n124%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nLong-term debt<\/p>\n<\/td>\n

\n\n

\n15,492<\/p>\n<\/td>\n

\n\n

\n16,716<\/p>\n<\/td>\n

\n\n

\n16,588<\/p>\n<\/td>\n

\n\n

\n(7)%<\/p>\n<\/td>\n

\n\n

\n(7)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTotal average wholesale funding<\/p>\n<\/td>\n

\n\n

\n$20,202<\/p>\n<\/td>\n

\n\n

\n$23,415<\/p>\n<\/td>\n

\n\n

\n$26,115<\/p>\n<\/td>\n

\n\n

\n(14)%<\/p>\n<\/td>\n

\n\n

\n(23)%<\/p>\n<\/td>\n<\/tr>\n

\n\n

CDs over $250,000 includes $1.5BN, $2.6BN, and $4.8BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12\/31\/24, 9\/30\/24, and 12\/31\/23, respectively.<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nCompared to the prior quarter, average wholesale funding decreased 14%, primarily driven by decreases in long-term debt, FHLB advances, and CDs over $250,000. The decrease in CDs over $250,000 was primarily driven by a decrease in retail brokered deposits. The same items drove the 23% decrease from the year-ago quarter.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Credit Quality Summary<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

($ in millions)<\/b><\/p>\n<\/td>\n

\n\n

\nAs of and For the Three Months Ended<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\nSeptember<\/p>\n<\/td>\n

\n\n

\nJune<\/p>\n<\/td>\n

\n\n

\nMarch<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2023<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal nonaccrual portfolio loans and leases (NPLs)<\/p>\n<\/td>\n

\n\n

\n$823<\/p>\n<\/td>\n

\n\n

\n$686<\/p>\n<\/td>\n

\n\n

\n$606<\/p>\n<\/td>\n

\n\n

\n$708<\/p>\n<\/td>\n

\n\n

\n$649<\/p>\n<\/td>\n<\/tr>\n

\n

\nRepossessed property<\/p>\n<\/td>\n

\n\n

\n9<\/p>\n<\/td>\n

\n\n

\n11<\/p>\n<\/td>\n

\n\n

\n9<\/p>\n<\/td>\n

\n\n

\n8<\/p>\n<\/td>\n

\n\n

\n10<\/p>\n<\/td>\n<\/tr>\n

\n

\nOREO<\/p>\n<\/td>\n

\n\n

\n21<\/p>\n<\/td>\n

\n\n

\n28<\/p>\n<\/td>\n

\n\n

\n28<\/p>\n<\/td>\n

\n\n

\n27<\/p>\n<\/td>\n

\n\n

\n29<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal nonperforming portfolio loans and leases and OREO (NPAs)<\/p>\n<\/td>\n

\n\n

\n$853<\/p>\n<\/td>\n

\n\n

\n$725<\/p>\n<\/td>\n

\n\n

\n$643<\/p>\n<\/td>\n

\n\n

\n$743<\/p>\n<\/td>\n

\n\n

\n$688<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nNPL ratio(h)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n0.69%<\/p>\n<\/td>\n

\n\n

\n0.59%<\/p>\n<\/td>\n

\n\n

\n0.52%<\/p>\n<\/td>\n

\n\n

\n0.61%<\/p>\n<\/td>\n

\n\n

\n0.55%<\/p>\n<\/td>\n<\/tr>\n

\n

\nNPA ratio(c)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n0.71%<\/p>\n<\/td>\n

\n\n

\n0.62%<\/p>\n<\/td>\n

\n\n

\n0.55%<\/p>\n<\/td>\n

\n\n

\n0.64%<\/p>\n<\/td>\n

\n\n

\n0.59%<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nPortfolio loans and leases 30-89 days past due (accrual)<\/p>\n<\/td>\n

\n\n

\n$303<\/p>\n<\/td>\n

\n\n

\n$283<\/p>\n<\/td>\n

\n\n

\n$302<\/p>\n<\/td>\n

\n\n

\n$342<\/p>\n<\/td>\n

\n\n

\n$359<\/p>\n<\/td>\n<\/tr>\n

\n

\nPortfolio loans and leases 90 days past due (accrual)<\/p>\n<\/td>\n

\n\n

\n32<\/p>\n<\/td>\n

\n\n

\n40<\/p>\n<\/td>\n

\n\n

\n33<\/p>\n<\/td>\n

\n\n

\n35<\/p>\n<\/td>\n

\n\n

\n36<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n30-89 days past due as a % of portfolio loans and leases<\/p>\n<\/td>\n

\n\n

\n0.25%<\/p>\n<\/td>\n

\n\n

\n0.24%<\/p>\n<\/td>\n

\n\n

\n0.26%<\/p>\n<\/td>\n

\n\n

\n0.29%<\/p>\n<\/td>\n

\n\n

\n0.31%<\/p>\n<\/td>\n<\/tr>\n

\n

\n90 days past due as a % of portfolio loans and leases<\/p>\n<\/td>\n

\n\n

\n0.03%<\/p>\n<\/td>\n

\n\n

\n0.03%<\/p>\n<\/td>\n

\n\n

\n0.03%<\/p>\n<\/td>\n

\n\n

\n0.03%<\/p>\n<\/td>\n

\n\n

\n0.03%<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nAllowance for loan and lease losses (ALLL), beginning<\/p>\n<\/td>\n

\n\n

\n$2,305<\/p>\n<\/td>\n

\n\n

\n$2,288<\/p>\n<\/td>\n

\n\n

\n$2,318<\/p>\n<\/td>\n

\n\n

\n$2,322<\/p>\n<\/td>\n

\n\n

\n$2,340<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal net losses charged-off<\/p>\n<\/td>\n

\n\n

\n(136)<\/p>\n<\/td>\n

\n\n

\n(142)<\/p>\n<\/td>\n

\n\n

\n(144)<\/p>\n<\/td>\n

\n\n

\n(110)<\/p>\n<\/td>\n

\n\n

\n(96)<\/p>\n<\/td>\n<\/tr>\n

\n

\nProvision for loan and lease losses<\/p>\n<\/td>\n

\n\n

\n183<\/p>\n<\/td>\n

\n\n

\n159<\/p>\n<\/td>\n

\n\n

\n114<\/p>\n<\/td>\n

\n\n

\n106<\/p>\n<\/td>\n

\n\n

\n78<\/p>\n<\/td>\n<\/tr>\n

\n

\nALLL, ending<\/p>\n<\/td>\n

\n\n

\n$2,352<\/p>\n<\/td>\n

\n\n

\n$2,305<\/p>\n<\/td>\n

\n\n

\n$2,288<\/p>\n<\/td>\n

\n\n

\n$2,318<\/p>\n<\/td>\n

\n\n

\n$2,322<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nReserve for unfunded commitments, beginning<\/p>\n<\/td>\n

\n\n

\n$138<\/p>\n<\/td>\n

\n\n

\n$137<\/p>\n<\/td>\n

\n\n

\n$154<\/p>\n<\/td>\n

\n\n

\n$166<\/p>\n<\/td>\n

\n\n

\n$189<\/p>\n<\/td>\n<\/tr>\n

\n

\n(Benefit from) provision for the reserve for unfunded commitments<\/p>\n<\/td>\n

\n\n

\n(4)<\/p>\n<\/td>\n

\n\n

\n1<\/p>\n<\/td>\n

\n\n

\n(17)<\/p>\n<\/td>\n

\n\n

\n(12)<\/p>\n<\/td>\n

\n\n

\n(23)<\/p>\n<\/td>\n<\/tr>\n

\n

\nReserve for unfunded commitments, ending<\/p>\n<\/td>\n

\n\n

\n$134<\/p>\n<\/td>\n

\n\n

\n$138<\/p>\n<\/td>\n

\n\n

\n$137<\/p>\n<\/td>\n

\n\n

\n$154<\/p>\n<\/td>\n

\n\n

\n$166<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal allowance for credit losses (ACL)<\/p>\n<\/td>\n

\n\n

\n$2,486<\/p>\n<\/td>\n

\n\n

\n$2,443<\/p>\n<\/td>\n

\n\n

\n$2,425<\/p>\n<\/td>\n

\n\n

\n$2,472<\/p>\n<\/td>\n

\n\n

\n$2,488<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nACL ratios:<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nAs a % of portfolio loans and leases<\/p>\n<\/td>\n

\n\n

\n2.08%<\/p>\n<\/td>\n

\n\n

\n2.09%<\/p>\n<\/td>\n

\n\n

\n2.08%<\/p>\n<\/td>\n

\n\n

\n2.12%<\/p>\n<\/td>\n

\n\n

\n2.12%<\/p>\n<\/td>\n<\/tr>\n

\n

\nAs a % of nonperforming portfolio loans and leases<\/p>\n<\/td>\n

\n\n

\n302%<\/p>\n<\/td>\n

\n\n

\n356%<\/p>\n<\/td>\n

\n\n

\n400%<\/p>\n<\/td>\n

\n\n

\n349%<\/p>\n<\/td>\n

\n\n

\n383%<\/p>\n<\/td>\n<\/tr>\n

\n

\nAs a % of nonperforming portfolio assets<\/p>\n<\/td>\n

\n\n

\n291%<\/p>\n<\/td>\n

\n\n

\n337%<\/p>\n<\/td>\n

\n\n

\n377%<\/p>\n<\/td>\n

\n\n

\n333%<\/p>\n<\/td>\n

\n\n

\n362%<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nALLL as a % of portfolio loans and leases<\/p>\n<\/td>\n

\n\n

\n1.96%<\/p>\n<\/td>\n

\n\n

\n1.98%<\/p>\n<\/td>\n

\n\n

\n1.96%<\/p>\n<\/td>\n

\n\n

\n1.99%<\/p>\n<\/td>\n

\n\n

\n1.98%<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal losses charged-off<\/p>\n<\/td>\n

\n\n

\n$(175)<\/p>\n<\/td>\n

\n\n

\n$(183)<\/p>\n<\/td>\n

\n\n

\n$(182)<\/p>\n<\/td>\n

\n\n

\n$(146)<\/p>\n<\/td>\n

\n\n

\n$(133)<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal recoveries of losses previously charged-off<\/p>\n<\/td>\n

\n\n

\n39<\/p>\n<\/td>\n

\n\n

\n41<\/p>\n<\/td>\n

\n\n

\n38<\/p>\n<\/td>\n

\n\n

\n36<\/p>\n<\/td>\n

\n\n

\n37<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal net losses charged-off<\/p>\n<\/td>\n

\n\n

\n$(136)<\/p>\n<\/td>\n

\n\n

\n$(142)<\/p>\n<\/td>\n

\n\n

\n$(144)<\/p>\n<\/td>\n

\n\n

\n$(110)<\/p>\n<\/td>\n

\n\n

\n$(96)<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet charge-off ratio (NCO ratio)(b)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n0.46%<\/p>\n<\/td>\n

\n\n

\n0.48%<\/p>\n<\/td>\n

\n\n

\n0.49%<\/p>\n<\/td>\n

\n\n

\n0.38%<\/p>\n<\/td>\n

\n\n

\n0.32%<\/p>\n<\/td>\n<\/tr>\n

\n

\nCommercial NCO ratio<\/p>\n<\/td>\n

\n\n

\n0.32%<\/p>\n<\/td>\n

\n\n

\n0.40%<\/p>\n<\/td>\n

\n\n

\n0.45%<\/p>\n<\/td>\n

\n\n

\n0.19%<\/p>\n<\/td>\n

\n\n

\n0.13%<\/p>\n<\/td>\n<\/tr>\n

\n

\nConsumer NCO ratio<\/p>\n<\/td>\n

\n\n

\n0.68%<\/p>\n<\/td>\n

\n\n

\n0.62%<\/p>\n<\/td>\n

\n\n

\n0.57%<\/p>\n<\/td>\n

\n\n

\n0.67%<\/p>\n<\/td>\n

\n\n

\n0.64%<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nThe provision for credit losses totaled $179 million in the current quarter. The ACL ratio was 2.08% of total portfolio loans and leases at quarter end, compared with 2.09% for the prior quarter end and 2.12% for the year-ago quarter end. In the current quarter, the ACL was 302% of nonperforming portfolio loans and leases and 291% of nonperforming portfolio assets.<\/p>\n

\nNet charge-offs were $136 million in the current quarter, resulting in an NCO ratio of 0.46%. Compared to the prior quarter, net charge-offs decreased $6 million and the NCO ratio decreased 2 bps. Commercial net charge-offs were $57 million, resulting in a commercial NCO ratio of 0.32%, which decreased 8 bps compared to the prior quarter. Consumer net charge-offs were $79 million, resulting in a consumer NCO ratio of 0.68%, which increased 6 bps compared to the prior quarter.<\/p>\n

\nCompared to the year-ago quarter, net charge-offs increased $40 million and the NCO ratio increased 14 bps. The commercial NCO ratio increased 19 bps compared to the prior year, and the consumer NCO ratio increased 4 bps compared to the prior year.<\/p>\n

\nNonperforming portfolio loans and leases were $823 million in the current quarter, with the resulting NPL ratio of 0.69%. Compared to the prior quarter, NPLs increased $137 million with the NPL ratio increasing 10 bps. Compared to the year-ago quarter, NPLs increased $174 million with the NPL ratio increasing 14 bps.<\/p>\n

\nNonperforming portfolio assets were $853 million in the current quarter, with the resulting NPA ratio of 0.71%. Compared to the prior quarter, NPAs increased $128 million with the NPA ratio increasing 9 bps. Compared to the year-ago quarter, NPAs increased $165 million with the NPA ratio increasing 12 bps.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n

Capital Position<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nAs of and For the Three Months Ended<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n

\n\n

\nSeptember<\/p>\n<\/td>\n

\n\n

\nJune<\/p>\n<\/td>\n

\n\n

\nMarch<\/p>\n<\/td>\n

\n\n

\nDecember<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2024<\/p>\n<\/td>\n

\n\n

\n2023<\/p>\n<\/td>\n<\/tr>\n

\n\n

Capital Position<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nAverage total Bancorp shareholders’ equity as a % of average assets<\/p>\n<\/td>\n

\n\n

\n9.40%<\/p>\n<\/td>\n

\n\n

\n9.47%<\/p>\n<\/td>\n

\n\n

\n8.80%<\/p>\n<\/td>\n

\n\n

\n8.78%<\/p>\n<\/td>\n

\n\n

\n8.04%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTangible equity(a)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n9.02%<\/p>\n<\/td>\n

\n\n

\n8.99%<\/p>\n<\/td>\n

\n\n

\n8.91%<\/p>\n<\/td>\n

\n\n

\n8.75%<\/p>\n<\/td>\n

\n\n

\n8.65%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTangible common equity (excluding AOCI)(a)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n8.03%<\/p>\n<\/td>\n

\n\n

\n8.00%<\/p>\n<\/td>\n

\n\n

\n7.92%<\/p>\n<\/td>\n

\n\n

\n7.77%<\/p>\n<\/td>\n

\n\n

\n7.67%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTangible common equity (including AOCI)(a)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n6.02%<\/p>\n<\/td>\n

\n\n

\n6.52%<\/p>\n<\/td>\n

\n\n

\n5.80%<\/p>\n<\/td>\n

\n\n

\n5.67%<\/p>\n<\/td>\n

\n\n

\n5.73%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

Regulatory Capital Ratios<\/b>(d)(e)<\/sup><\/i><\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nCET1 capital<\/p>\n<\/td>\n

\n\n

\n10.51%<\/p>\n<\/td>\n

\n\n

\n10.75%<\/p>\n<\/td>\n

\n\n

\n10.62%<\/p>\n<\/td>\n

\n\n

\n10.47%<\/p>\n<\/td>\n

\n\n

\n10.29%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTier 1 risk-based capital<\/p>\n<\/td>\n

\n\n

\n11.80%<\/p>\n<\/td>\n

\n\n

\n12.07%<\/p>\n<\/td>\n

\n\n

\n11.93%<\/p>\n<\/td>\n

\n\n

\n11.77%<\/p>\n<\/td>\n

\n\n

\n11.59%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nTotal risk-based capital<\/p>\n<\/td>\n

\n\n

\n13.80%<\/p>\n<\/td>\n

\n\n

\n14.13%<\/p>\n<\/td>\n

\n\n

\n13.95%<\/p>\n<\/td>\n

\n\n

\n13.81%<\/p>\n<\/td>\n

\n\n

\n13.72%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\nLeverage<\/p>\n<\/td>\n

\n\n

\n9.22%<\/p>\n<\/td>\n

\n\n

\n9.11%<\/p>\n<\/td>\n

\n\n

\n9.07%<\/p>\n<\/td>\n

\n\n

\n8.94%<\/p>\n<\/td>\n

\n\n

\n8.73%<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nCET1 capital ratio of 10.51% decreased 24 bps sequentially due to loan growth during the quarter driving an increase in risk-weighted assets. During the fourth quarter of 2024, Fifth Third repurchased $300 million of its common stock, which reduced shares outstanding by approximately 6.7 million at quarter end.<\/p>\n

Tax Rate<\/b><\/p>\n

\nThe effective tax rate for the quarter was 18.8% compared with 21.3% in the prior quarter and 18.4% in the year-ago quarter. The tax rate in the fourth quarter reflects a favorable adjustment of $15 million associated with statutes of limitations expiration.<\/p>\n

Conference Call<\/b><\/p>\n

\nFifth Third will host a conference call to discuss these financial results at 9:00 a.m. (Eastern Time) today. This conference call will be webcast live and may be accessed through the Fifth Third Investor Relations website at www.53.com<\/a><\/span> (click on \u201cAbout Us\u201d then \u201cInvestor Relations\u201d). Those unable to listen to the live webcast may access a webcast replay through the Fifth Third Investor Relations website at the same web address, which will be available for 30 days.<\/p>\n

Corporate Profile<\/b><\/p>\n

\nFifth Third is a bank that\u2019s as long on innovation as it is on history. Since 1858, we\u2019ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it\u2019s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World\u2019s Most Ethical Companies\u00ae for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation\u2019s highest performing regional bank, but to be the bank people most value and trust.<\/p>\n

\nFifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ\u00ae Global Select Market under the symbol \u201cFITB.\u201d Investor information and press releases can be viewed at www.53.com<\/a>.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n

Earnings Release End Notes<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

(a)<\/i><\/p>\n<\/td>\n

\n

Non-GAAP measure; see discussion of non-GAAP reconciliation beginning on page 27 of the earnings release.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

(b)<\/i><\/p>\n<\/td>\n

\n

Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

(c)<\/i><\/p>\n<\/td>\n

\n

Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

(d)<\/i><\/p>\n<\/td>\n

\n

Regulatory capital ratios are calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital after its adoption on January 1, 2020.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

(e)<\/i><\/p>\n<\/td>\n

\n

Current period regulatory capital ratios are estimated.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

(f)<\/i><\/p>\n<\/td>\n

\n

Assumes a 23% tax rate.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

(g)<\/i><\/p>\n<\/td>\n

\n

Includes commercial customer Eurodollar sweep balances for which the Bank pays rates comparable to other commercial deposit accounts.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

(h)<\/i><\/p>\n<\/td>\n

\n

Nonperforming portfolio loans and leases as a percent of portfolio loans and leases.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

(i)<\/i><\/p>\n<\/td>\n

\n

During the fourth quarter of 2024, certain noninterest income line items were reclassified to better align disclosures to business activities. These reclassifications resulted in three new line items to describe noninterest income, including commercial payments revenue, consumer banking revenue and capital markets fees. Commercial banking revenue and other noninterest income were also affected by the reclassifications. These reclassifications did not affect total noninterest income and were retrospectively applied to all prior periods presented.<\/i><\/p>\n<\/td>\n<\/tr>\n<\/table>\n

FORWARD-LOOKING STATEMENTS<\/b><\/p>\n

This release contains statements that we believe are \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements other than statements of historical fact are forward-looking statements. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as \u201cwill likely result,\u201d \u201cmay,\u201d \u201care expected to,\u201d \u201cis anticipated,\u201d \u201cpotential,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cprojected,\u201d \u201cintends to,\u201d or may include other similar words or phrases such as \u201cbelieves,\u201d \u201cplans,\u201d \u201ctrend,\u201d \u201cobjective,\u201d \u201ccontinue,\u201d \u201cremain,\u201d or similar expressions, or future or conditional verbs such as \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cmight,\u201d \u201ccan,\u201d or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K as updated by our filings with the U.S. Securities and Exchange Commission (\u201cSEC\u201d).<\/i><\/p>\n

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) deteriorating credit quality; (2) loan concentration by location or industry of borrowers or collateral; (3) problems encountered by other financial institutions; (4) inadequate sources of funding or liquidity; (5) unfavorable actions of rating agencies; (6) inability to maintain or grow deposits; (7) limitations on the ability to receive dividends from subsidiaries; (8) cyber-security risks; (9) Fifth Third\u2019s ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; (10) failures by third-party service providers; (11) inability to manage strategic initiatives and\/or organizational changes; (12) inability to implement technology system enhancements; (13) failure of internal controls and other risk management programs; (14) losses related to fraud, theft, misappropriation or violence; (15) inability to attract and retain skilled personnel; (16) adverse impacts of government regulation; (17) governmental or regulatory changes or other actions; (18) failures to meet applicable capital requirements; (19) regulatory objections to Fifth Third\u2019s capital plan; (20) regulation of Fifth Third\u2019s derivatives activities; (21) deposit insurance premiums; (22) assessments for the orderly liquidation fund; (23) weakness in the national or local economies; (24) global political and economic uncertainty or negative actions; (25) changes in interest rates and the effects of inflation; (26) changes and trends in capital markets; (27) fluctuation of Fifth Third\u2019s stock price; (28) volatility in mortgage banking revenue; (29) litigation, investigations, and enforcement proceedings by governmental authorities; (30) breaches of contractual covenants, representations and warranties; (31) competition and changes in the financial services industry; (32) potential impacts of the adoption of real-time payment networks; (33) changing retail distribution strategies, customer preferences and behavior; (34) difficulties in identifying, acquiring or integrating suitable strategic partnerships, investments or acquisitions; (35) potential dilution from future acquisitions; (36) loss of income and\/or difficulties encountered in the sale and separation of businesses, investments or other assets; (37) results of investments or acquired entities; (38) changes in accounting standards or interpretation or declines in the value of Fifth Third\u2019s goodwill or other intangible assets; (39) inaccuracies or other failures from the use of models; (40) effects of critical accounting policies and judgments or the use of inaccurate estimates; (41) weather-related events, other natural disasters, or health emergencies (including pandemics); (42) the impact of reputational risk created by these or other developments on such matters as business generation and retention, funding and liquidity; (43) changes in law or requirements imposed by Fifth Third\u2019s regulators impacting our capital actions, including dividend payments and stock repurchases; and (44) Fifth Third’s ability to meet its environmental and\/or social targets, goals and commitments.<\/i><\/p>\n

You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or \u201cSEC,\u201d for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The information contained herein is intended to be reviewed in its totality, and any stipulations, conditions or provisos that apply to a given piece of information in one part of this press release should be read as applying mutatis mutandis to every other instance of such information appearing herein.<\/i><\/p>\n

\nCategory: Earnings<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250121022434\/en\/<\/a><\/span><\/p>\n

\nInvestor contact: Matt Curoe (513) 534-2345
\n
Media contact: Jennifer Hendricks Sullivan (614) 744-7693<\/p>\n

KEYWORDS:<\/b> Ohio United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85 Strong returns driven by growth in loans and fees and improvement in net interest margin Reported results included a negative $0.05 impact from certain items on page 2 of the earnings release CINCINNATI–(BUSINESS WIRE)– Fifth Third Bancorp (NASDAQ: FITB): \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Key Financial Data \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Key Highlights \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 $ in millions for all balance sheet and income statement items \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 4Q24 \u00a0 3Q24 \u00a0 4Q23 \u00a0 Stability: Resilient balance sheet delivers continued positive momentum in net … <\/p>\n

Continue reading “Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-802453","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85 Strong returns driven by growth in loans and fees and improvement in net interest margin Reported results included a negative $0.05 impact from certain items on page 2 of the earnings release CINCINNATI–(BUSINESS WIRE)– Fifth Third Bancorp (NASDAQ: FITB): \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Key Financial Data \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Key Highlights \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 $ in millions for all balance sheet and income statement items \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 4Q24 \u00a0 3Q24 \u00a0 4Q23 \u00a0 Stability: Resilient balance sheet delivers continued positive momentum in net … Continue reading "Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-21T11:34:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250121022434r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"22 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85\",\"datePublished\":\"2025-01-21T11:34:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/\"},\"wordCount\":4426,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250121022434r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/\",\"name\":\"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85 - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250121022434r1&sid=flmnd&distro=nx&lang=en\",\"datePublished\":\"2025-01-21T11:34:02+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250121022434r1&sid=flmnd&distro=nx&lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250121022434r1&sid=flmnd&distro=nx&lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85 - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/","og_locale":"en_US","og_type":"article","og_title":"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85 - Market Newsdesk","og_description":"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85 Strong returns driven by growth in loans and fees and improvement in net interest margin Reported results included a negative $0.05 impact from certain items on page 2 of the earnings release CINCINNATI–(BUSINESS WIRE)– Fifth Third Bancorp (NASDAQ: FITB): \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Key Financial Data \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Key Highlights \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 $ in millions for all balance sheet and income statement items \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 4Q24 \u00a0 3Q24 \u00a0 4Q23 \u00a0 Stability: Resilient balance sheet delivers continued positive momentum in net … Continue reading \"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-21T11:34:02+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250121022434r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"22 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85","datePublished":"2025-01-21T11:34:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/"},"wordCount":4426,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250121022434r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/","name":"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85 - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250121022434r1&sid=flmnd&distro=nx&lang=en","datePublished":"2025-01-21T11:34:02+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250121022434r1&sid=flmnd&distro=nx&lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250121022434r1&sid=flmnd&distro=nx&lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-bancorp-reports-fourth-quarter-2024-diluted-earnings-per-share-of-0-85\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Fifth Third Bancorp Reports Fourth Quarter 2024 Diluted Earnings Per Share of $0.85"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/802453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=802453"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/802453\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=802453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=802453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=802453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}