$FITB-PK

FIFTH THIRD BANCORP

CIK:0000035527|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest Income
Interest and fees on loans and leases	$ 2,607	$ 1,881	$ 4,900	$ 3,696
Interest on securities	598	458	1,099	910
Interest on other short-term investments	167	145	345	311
Total interest income	3,372	2,484	6,344	4,917
Interest Expense
Interest on deposits	891	732	1,705	1,476
Interest on short-term borrowings	38	61	43	119
Interest on long-term debt	228	196	447	390
Total interest expense	1,157	989	2,195	1,985
Net Interest Income	2,215	1,495	4,149	2,932
Provision for credit losses	129	173	356	347
Net Interest Income After Provision for Credit Losses	2,086	1,322	3,793	2,585
Noninterest Income
Wealth and asset management revenue	256	166	489	338
Commercial payments revenue	254	152	472	305
Consumer banking revenue	161	147	307	284
Capital markets fees	154	90	287	179
Commercial banking revenue	125	79	230	160
Mortgage banking net revenue	39	56	83	113
Other noninterest income	50	44	78	58
Securities gains, net	20	16	8	7
Total noninterest income	1,059	750	1,954	1,444
Noninterest Expense
Compensation and benefits	1,129	698	2,539	1,447
Technology and communications	250	126	453	250
Net occupancy expense	154	83	295	171
Card and processing expense	66	22	144	43
Equipment expense	60	41	115	82
Marketing expense	65	43	114	71
Loan and lease expense	53	36	95	66
Other noninterest expense	332	215	749	438
Total noninterest expense	2,109	1,264	4,504	2,568
Income Before Income Taxes	1,036	808	1,243	1,461
Applicable income tax expense	235	180	277	319
Net Income	801	628	966	1,142
Dividends on preferred stock	38	37	75	73
Net Income Available to Common Shareholders	$ 763	$ 591	$ 891	$ 1,069
Shares Disclosures
Earnings per share - basic (in dollars per share)	$ 0.84	$ 0.88	$ 1.03	$ 1.59
Earnings per share - diluted (in dollars per share)	$ 0.83	$ 0.88	$ 1.02	$ 1.58
Average common shares outstanding - basic (in shares)	911,612,858	670,787,224	868,604,806	670,919,040
Average common shares outstanding - diluted (in shares)	915,959,377	674,034,313	873,353,249	675,031,656

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net Income	$ 966	$ 1,142
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	356	347
Depreciation, amortization and accretion	404	273
Stock-based compensation expense	188	108
Benefit from deferred income taxes	(1)	(13)
Securities gains, net	(13)	(13)
Residential MSR fair value adjustment	74	100
Net gains on sales of loans and fair value adjustments on loans held for sale	(32)	(35)
Proceeds from sales of loans held for sale	3,190	2,239
Loans originated or purchased for sale, net of repayments	(3,421)	(2,256)
Dividends representing return on equity method investments	25	22
Net change in:
Equity and trading debt securities	(319)	(91)
Other assets	252	839
Accrued taxes, interest and expenses and other liabilities	21	(123)
Net Cash Provided by Operating Activities	1,690	2,539
Proceeds from sales:
AFS securities and other investments	5,768	2,361
Loans and leases	420	173
Proceeds from repayments and maturities of AFS securities	3,732	2,063
Proceeds from repayments and maturities of HTM securities	1,012	269
Purchases:
AFS securities	(10,760)	(2,263)
HTM securities	(4,267)	(529)
Bank premises and equipment	(320)	(260)
Proceeds from settlement of BOLI	47	26
Proceeds from sales and dividends representing return of equity method investments	8	11
Net cash received from acquisitions	677	0
Net change in:
Other short-term investments	10,777	4,077
Portfolio loans and leases	(5,991)	(3,069)
Other, net	(535)	(484)
Net Cash Provided by Investing Activities	568	2,375
Financing Activities
Net change in deposits	(2,886)	(3,045)
Net change in short-term borrowings	512	8
Proceeds from short-term FHLB advances	3,500	2,500
Repayment of short-term FHLB advances	(300)	(3,600)
Proceeds from long-term debt issuances/advances	2,274	1,028
Repayment of long-term debt	(3,685)	(980)
Dividends paid on common and preferred stock	(710)	(581)
Repurchases of treasury stock and related forward contract	0	(225)
Other, net	(88)	(61)
Net Cash Used in Financing Activities	(1,383)	(4,956)
Increase (Decrease) in Cash and Due from Banks	875	(42)
Cash and Due from Banks at Beginning of Period	3,499	3,014
Cash and Due from Banks at End of Period	$ 4,374	$ 2,972

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions

Jun. 30, 2026

Dec. 31, 2025

Assets

Cash and due from banks

$ 4,374

$ 3,499

Other short-term investments

^[1]

19,350

18,876

Available-for-sale debt and other securities (amortized cost of $47,623 and $39,107)

44,466

36,159

Held-to-maturity securities (fair value of $18,258 and $11,404)

18,404

11,368

Trading debt securities

1,853

1,057

Equity securities

495

453

Loans and leases held for sale (includes $698 and $658 of mortgage loans measured at fair value)

866

733

Portfolio loans and leases

178,528

122,651

Allowance for loan and lease losses

^[1]

(2,918)

(2,253)

Portfolio loans and leases, net

175,610

120,398

Bank premises and equipment (includes $18 and $9 held for sale)

3,343

2,734

Goodwill

9,990

4,947

Intangible assets

1,253

Servicing rights

1,607

1,598

Other assets

^[1]

18,569

12,485

Total Assets

300,180

214,376

Deposits:

Noninterest-bearing deposits

63,928

42,647

Interest-bearing deposits

170,213

129,172

Total deposits

234,141

171,819

Short-term borrowings

4,633

926

Accrued taxes, interest and expenses

3,022

2,083

Other liabilities

^[1]

6,266

4,235

Long-term debt

^[1]

17,636

13,589

Total Liabilities

265,698

192,652

Equity

Common stock

^[2]

2,585

2,051

Preferred stock

^[3]

2,182

1,770

Capital surplus

15,603

3,831

Retained earnings

25,645

25,488

Accumulated other comprehensive loss

(3,286)

(3,110)

Treasury stock

^[2]

(8,247)

(8,306)

Total Equity

34,482

21,724

Total Liabilities and Equity

$ 300,180

$ 214,376

[1]	Includes $33 and $38 of other short-term investments, $384 and $554 of portfolio loans and leases, $(7) and $(9) of ALLL, $2 and $3 of other assets, $10 and $11 of other liabilities and $312 and $473 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2026 and December 31, 2025, respectively. For further information, refer to Note 10.
[2]	Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at June 30, 2026 – 906,572,635 (excludes 257,666,032 treasury shares), December 31, 2025 – 661,197,787 (excludes 262,694,794 treasury shares).
[3]	500,000 shares of no par value preferred stock were authorized at both June 30, 2026 and December 31, 2025. There were 36,000 and 436,000 unissued shares of undesignated no par value preferred stock at June 30, 2026 and December 31, 2025, respectively. Each issued share of no par value preferred stock has a liquidation preference of $25,000, except for the 400,000 issued shares of no par value Series M preferred stock, each of which has a liquidation preference of $1,000. 500,000 shares of no par value Class B preferred stock were authorized at both June 30, 2026 and December 31, 2025. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both June 30, 2026 and December 31, 2025. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.