Document

EX-99.1 2 q32024earningsrelease.htm EX-99.1 Document

fifth third bancorp报告2024年第三季每股稀释收益为0.78美元

费用收入增长和抗压的资产负债表带来了另一个强劲回报的季度

报告的结果显示，第2页某些项目造成了负面$0.07的影响。



主要财务数据							重点摘要

所有资产负债表和损益表项目的金额均以百万美元为单位
	3Q24		2Q24		3Q23		稳定性： •由于固定利率贷款组合的重新定价效益和存款成本的趋缓，净利息收益和净利息收益率连续增长 •强劲的盈利能力导致核心一级资本比率上升至10.75%，同时执行20000万美元的股份回购，将普通股股息提高6% •贷款与核心存款比率为71% 盈利能力： •支出管理有秩序；效率比率(a) 为58.2％；调整后的效率比率(a) 为56.1％，按季度逐步提高70个基点 •利息融资成本比例从2Q24下降1个基点增长： •由战略投资推动的强劲费用表现。与3Q23相比： •财富资产管理营收增长12% •商业付款收入增长10% •资本市场费用增加了9% •与2023年第三季度相比，消费户成长率增加了3%

损益表数据
可供普通股股东分配的净利润	$532		$561		$623
净利息收益（依照美国通用会计准则）	1,421		1,387		1,438
净利息收益（全用户净收益）(a)	1,427		1,393		1,445
非利息收入	711		695		715
非利息支出	1,244		1,221		1,188

每股数据
每股基本收益	$0.78		$0.82		$0.91
每股收益，稀释	0.78		0.81		0.91
每股净值	27.60		25.13		21.19
每股有形账面价值(a)	20.20		17.75		13.76

资产负债表与信贷品质
平均组合贷款和租赁	$116,826		$116,891		$121,630
平均存款	167,196		167,194		165,644
累积其他全面损失	(3,446)		(4,901)		(6,839)
净核销比率(b)	0.48	%	0.49	%	0.41	%
不良资产比率(c)	0.62		0.55		0.51

Financial Ratios
平均资产报酬率	1.06	%	1.14	%	1.26	%
普通股平均权益回报率	11.7		13.6		16.3
平均有形普通股权益报酬率(a)	16.3		19.8		24.7
CET1 资本(d)(e)	10.75		10.62		9.80
净利息收益率(a)	2.90		2.88		2.98
效率(a)	58.2		58.5		55.0
除第14页开始的季度财务检讨表以外，评论均以完全应税等效（FTE）基础说明，除非另有注明。与证券交易委员会在S-K法规中的指导一致，该指南考虑了以应税等效基础计算免税收入，净利息收入，净利息收益率，净利息差额，总收入和效率比率均以FTE基础提供。

由第五第银行董事长、首席执行官和总裁Tim Spence发来：

第五第银行取得另一个季度强劲和稳定表现，这得益于我们强劲的平衡表，多元化和持续增长的营业收入，以及纪律的费用管理。凭借我们强大的核心存款业务和流动性，我们在面对经济和监管不确定性带来的利率下降和波动时处于良好位置。

我们的战略增长重点持续带来良好成果。在东南部，我们正在扩展至高增长市场，存款在过去一年增长了16%。我们的财富资产管理业务创下历史收入纪录，管理资产年度增长率达21％，达到690亿美元。我们的商业支付营收与去年同期相比增长了10％，Newline将行业领袖纳入其客户群。

我们在过去一年中通过强劲稳定的资本回报率，成功提高我们的普通股股息6％，进行了20000万美元的股票回购，并增加了每股有形账面价值（扣除AOCI）6％。

我们坚持稳定、盈利和增长的引导原则，依次为股东创造长期、可持续的价值。

投资者联系人：Matt Curoe（513）534-2345 | 媒体联系人：Jennifer Hendricks Sullivan（614）744-7693 2024年10月18日


Income Statement Highlights
（以百万美元为单位，每股数据除外）	截至三个月结束			变化百分比 %
	九月	六月	九月
	2024	2024	2023	Seq	年年
简明综合损益表
净利息收入（NII）(a)	$1,427	$1,393	$1,445	2%	(1)%
信用损失准备	160	97	119	65%	34%
非利息收入	711	695	715	2%	(1)%
非利息支出	1,244	1,221	1,188	2%	5%
税前收入(a)	$734	$770	$853	(5)%	(14)%

效率比率（全职等效人数）（非公认会计原则）	$6	$6	$7	—	(14)%
适用所得税费用	155	163	186	(5)%	(17)%
净利润	$573	$601	$660	(5)%	(13)%
优先股股息	41	40	37	3%	11%
可供普通股股东分配的净利润	$532	$561	$623	(5)%	(15)%
每股收益，稀释	$0.78	$0.81	$0.91	(4)%	(14)%

第五届第三银行（纳斯达克）®：FITB）今天报告 2024 年第三季净利润为 573 亿美元，而上季度净收入为 6.600 亿美元和去年同期的 660 亿美元。当前季度普通股东可用的净收入为 5.32 亿美元，或每股稀释 0.78 美元，而上一季度为 5.61 亿美元或每股稀释 0.81 美元和去年同期为 623 亿美元，或每股稀释 0.91 美元。

特定项目的稀释每股盈利影响-3Q24

（税后影响(f); 以百万美金为单位，每股数据除外

重组遣散费用

$(7)

互换诉讼事宜

Visa 总回报掉期估值（非利息收入）

$(36)

万事达诉讼（非利息支出）

(8)

小计

(44)

税后影响(f) 特定项目的影响

$(51)

特定项目的稀释每股盈利影响1

$(0.07)

合计数因四舍五入而有所出入； 1稀释每股盈利反映68610.9万的平均稀释股份


净利息收入
（FTE；金额单位为百万美元）(a)	截至三个月结束						变化百分比 %
	九月		六月		九月
	2024		2024		2023		序列	年度同比
利息收入
利息收入	$2,675		$2,626		$2,536		2%	5%
利息费用	1,248		1,233		1,091		1%	14%
净利息收益	$1,427		$1,393		$1,445		2%	(1)%
不包括特定项目的净利息收益(a)	$1,427		$1,398		$1,445		2%	(1)%

平均收益率/利率分析							基本点变动
利息赚取资产的收益率	5.43	%	5.43	%	5.23	%	—	20
利息负债支付率	3.38	%	3.39	%	3.10	%	(1)	28

比率
净利息利差	2.05	%	2.04	%	2.13	%	1	(8)
净利息收益率 (NIM)	2.90	%	2.88	%	2.98	%	2	(8)
除去某些项目后的NIM(a)	2.90	%	2.89	%	2.98	%	1	(8)

与上一季度相比，净利息收入增加3400万美元。在剔除与客户修正相关的500万美元减少后，净利息收入增加了2900万美元，增幅为2％，主要反映了较高的贷款收益率、更高的日计数带来的收益以及较低的批发资金成本，部分抵消了较低的平均商业贷款余额。与上一季度相比，净利息收益率增加了2个基点。在排除前一季度前述客户修正的情况后，净利息收益率增加了1个基点，主要反映了固定利率贷款组合的再定价效益带来的较高贷款收益率，部分抵消了现金余额增加的影响。净利息收益率的结果仍受到在当前环境中保持高度流动性的决定的影响，在季末，现金和其他短期投资合计约250亿美元。

与去年同期相比，净利息收入减少1800万美元，或1%，反映了风险加权资产的减少使得平均贷款减少了4%，存款结构从活期存款转向高成本、利息-人形机器人-轴承账户的影响，部分抵消了较高的贷款收益。与去年同期相比，净投资收益率下降了8个基点，反映了较高市场利率的净影响及其对存款定价的影响以及决定持有额外现金的影响，部分抵消了贷款收益的增加。


非利息收入
（单位：百万美元）	截至三个月的时间			百分比变动
	九月	6月	九月
	2024	2024	2023	Seq	同比增长
非利息收入
存款服务费	$161	$156	$149	3%	8%
商业银行营业收入	163	144	154	13%	6%
抵押银行净营业收入	50	50	57	—	(12)%
财富和资产管理收入	163	159	145	3%	12%
卡片和处理营业收入	106	108	104	(2)%	2%
租赁业务营业收入	43	38	58	13%	(26)%
其他非利息收入	15	37	55	(59)%	(73)%
证券利得（损失）净额	10	3	(7)	233%	未出现数据


非利息收入总额	$711	$695	$715	2%	(1)%

报告的非利息收入较上一季度增加1600万美元，增长2%，较去年同期减少400万美元，下降1%。报告的结果反映了下表中的某些项目的影响，包括Visa股票总回报掉期估值和证券收益/损失的市值调整，其中包括与非符合资格递延薪酬计划相关证券的市值调整，在非利息支出中得到了更大程度的抵消。


不包括特定项目的非利息收入
（单位：百万美元）	截至三个月的时间
	九月	6月	九月	百分比变动
	2024	2024	2023	Seq	同比增长
不包括某些项目的非利息收入
非利息收入（美国通用会计原则）	$711	$695	$715
Visa总回报掉期估值	47	23	10
法律和赔偿解决	—	2	—
证券（收益）损失，净额	(10)	(3)	7
不包括某些项目的非利息收入(a)	$748	$717	$732	4%	2%

非利息收入（不包括特定项目）较上一季度增加了3100万美元，增长了4%，较去年同期季度增加了1600万美元，增长了2%。

与上一季度相比，存款服务费增加了500万美元，增长了3%，主要反映了消费者存款费用和商业支付收入的增加。商业银行收入增加了1900万美元，增长了13%，主要反映了公司债券费用和机构券商收入的增加，部分抵消了客户金融风险管理收入的减少。财富和资产管理收入增加了400万美元，增长了3%，主要受个人资产管理收入和券商费用增加的推动。卡片和处理收入减少了200万美元，减少了2%，主要受互换收入减少的影响。租赁业务收入增加了500万美元，增长了13%，主要受租赁再营销收入增加的推动。

与去年同期相比，存款服务费增加了1200万美元，或8%，主要反映了商业支付收入的增加。商业银行营业收入增加了900万美元，或6%，主要反映了公司债券费用的增加，部分抵消了客户金融风险管理收入的减少。按揭银行净收入减少了700万美元，或12%，主要反映了MSR净估值调整和按揭服务收入的减少。财富和资产管理收入增加了1800万美元，或12%，主要反映了个人资产管理收入和券商佣金的增加。租赁业务收入减少了1500万美元，或26%，主要反映了营业租赁收入的减少。


非利息费用
（单位：百万美元）	截至三个月的时间			百分比变动
	九月	6月	九月
	2024	2024	2023	Seq	同比增长
非利息费用
薪酬和福利	$690	$656	$629	5%	10%
净占用费用	81	83	84	(2)%	(4)%
技术和通信	121	114	115	6%	5%
设备费用	38	38	37	—	3%
卡片和处理费用	22	21	21	5%	5%
租赁业务费用	21	22	29	(5)%	(28)%
营销费用	26	34	35	(24)%	(26)%
其他非利息费用	245	253	238	(3)%	3%
总非利息支出	$1,244	$1,221	$1,188	2%	5%

报告的非利息支出从上一季度增加了$2300万，增长了2%，与去年同期相比增加了$5600万，增长了5%。报告的结果反映了表格中某些项目的影响。


不含特定项目的非利息支出
（单位：百万美元）	截至三个月的时间			百分比变动
	九月	6月	九月
	2024	2024	2023	Seq	同比增长
非利息支出，不包括某些项目
非利息支出（美国通用会计准则）	$1,244	$1,221	$1,188
万事达诉讼	(10)	—	—
重组补偿支出	(9)	—	—
法律和赔偿解决	—	(11)	—
FDIC特别评估	—	(6)	—
非利息支出，不包括某些项目(a)	$1,225	$1,204	$1,188	2%	3%

与上一季度相比，不计利息支出除特定项目外增加了2100万美元，或2%，主要反映出由于较高的收费收入导致的业绩奖励支出增加，部分抵消了营销费用的减少。本季度的非利息支出包括1200万美元的支出，与上一季度相比，相关于非合格延期补偿的公允价值计算，两者在非利息收入中的净证券收益中基本抵消。

与去年同期相比，不包括特定项目在内的非利息支出增加了3700万美元，或3%，主要反映了薪酬和福利支出以及科技和通信支出的增加，部分抵消了营销支出和租赁业务支出的减少。去年同期包括一项与非合格递延补偿按市场价计价相关的500万美元利益，该利益在通过非利息收入进行净证券亏损的情况下基本得到抵消。


平均利息资产
（单位：百万美元）	截至三个月的时间			百分比变动
	九月	6月	九月
	2024	2024	2023	Seq	同比增长
平均投资组合贷款和租赁
商业贷款和租赁：
商业和工业贷款	$51,615	$52,357	$57,001	(1)%	(9)%
商用抵押贷款	11,488	11,352	11,216	1%	2%
商业建筑贷款	5,981	5,917	5,539	1%	8%
商业租赁	2,685	2,575	2,616	4%	3%
商业贷款和租赁总额	$71,769	$72,201	$76,372	(1)%	(6)%
消费贷款：
住房抵押贷款	$17,031	$17,004	$17,400	—	(2)%
家庭净值	4,018	3,929	3,897	2%	3%
间接担保消费者贷款	15,680	15,373	15,787	2%	(1)%
信用卡	1,708	1,728	1,808	(1)%	(6)%
太阳能安装贷款	3,990	3,916	3,245	2%	23%
其他消费贷款	2,630	2,740	3,121	(4)%	(16)%
消费者贷款总额	$45,057	$44,690	$45,258	1%	—
总的平均投资组合贷款和租赁	$116,826	$116,891	$121,630	—	(4)%

持有待售贷款和租赁的平均额
商业贷款和租赁持有待售	$16	$33	$17	(52)%	(6)%
消费贷款持有待售	573	359	619	60%	(7)%
总的平均贷款和租赁持有待售	$589	$392	$636	50%	(7)%

总的平均贷款和租赁	$117,415	$117,283	$122,266	—	(4)%

债券（应税和免税）	$56,707	$56,607	$56,994	—	(1)%
其他短期投资	21,714	20,609	12,956	5%	68%
总平均收息资产	$195,836	$194,499	$192,216	1%	2%

与上季度相比，总平均投资组合贷款和租赁保持稳定。商业投资组合贷款和租赁平均下降1％，主要反映了商业和工业贷款的减少，部分抵消了商业抵押贷款的增加。消费者投资组合贷款平均增加1％，主要反映了间接担保消费者贷款、家庭净值余额和太阳能能源安装贷款的增加，部分抵消了其他消费贷款的减少。

与去年同期相比，总平均投资组合贷款和租赁额减少了4%。商业投资组合贷款和租赁平均减少了6%，主要反映了商业和工业贷款的减少。消费者投资组合贷款平均稳定，主要反映了其他消费贷款和住房按揭贷款的减少，抵消了太阳能安装贷款和家庭资产贷款余额的增加。

本季度的平均证券（应税和免税；摊销成本）为570亿美元，与上一季度相比保持稳定，与去年同期相比下降1%。本季度的其他平均短期投资（包括利息收入）为220亿美元，与上一季度相比增长5%，与去年同期相比增长68%。

Period-end commercial portfolio loans and leases of $71 billion decreased 1% compared to the prior quarter, primarily reflecting a decrease in C&I loans, partially offset by an increase in commercial leases. Compared to the year-ago quarter, period-end commercial portfolio loans and leases decreased 5%, primarily reflecting a decrease in C&I loans.

Period-end consumer portfolio loans of $46 billion increased 2% compared to the prior quarter, primarily reflecting an increase in indirect secured consumer loans. Compared to the year-ago quarter, period-end consumer portfolio loans increased 1%, reflecting increases in solar energy installation loans and indirect secured consumer loans.

Total 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 $22 billion increased 3% compared to the prior quarter, and increased 15% compared to the year-ago quarter.


Average Deposits
	($ in millions)	For the Three Months Ended			% Change
		September	June	September
		2024	2024	2023	Seq	Yr/Yr
	Average Deposits
	Demand	$40,020	$40,266	$44,228	(1)%	(10)%
	Interest checking	58,441	57,999	53,109	1%	10%
	Savings	17,272	17,747	20,511	(3)%	(16)%
	Money market	37,257	35,511	32,072	5%	16%
	Foreign office(g)	164	157	168	4%	(2)%
	Total transaction deposits	$153,154	$151,680	$150,088	1%	2%
	CDs $250,000 or less	10,543	10,767	9,630	(2)%	9%
	Total core deposits	$163,697	$162,447	$159,718	1%	2%
	CDs over $250,000	3,499	4,747	5,926	(26)%	(41)%

	Total average deposits	$167,196	$167,194	$165,644	—	1%
	CDs over $250,000 includes $2.6BN, $3.8BN, and $5.2BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 9/30/24, 6/30/24, and 9/30/23, respectively.

Compared to the prior quarter, total average deposits were stable, primarily reflecting an increase in money market balances, offset by a decline in CDs over $250,000. Average demand deposits represented 24% of total core deposits in the current quarter. Compared to the prior quarter, average commercial segment deposits increased 3%, while average consumer and small business banking segment deposits and average wealth & asset management segment deposits were stable. Period-end total deposits increased 1% compared to the prior quarter.

Compared to the year-ago quarter, total average deposits increased 1%, primarily reflecting increases in interest checking and money market balances, partially offset by decreases in demand account balances and savings balances. Period-end total deposits were stable compared to the year-ago quarter.

The period-end portfolio loan-to-core deposit ratio was 71% in the current quarter, compared to 72% in the prior quarter and 74% in the year-ago quarter.


Average Wholesale Funding
	($ in millions)	For the Three Months Ended			% Change
		September	June	September
		2024	2024	2023	Seq	Yr/Yr
	Average Wholesale Funding
	CDs over $250,000	$3,499	$4,747	$5,926	(26)%	(41)%

	Federal funds purchased	176	230	181	(23)%	(3)%
	Securities sold under repurchase agreements	396	373	352	6%	13%
	FHLB advances	2,576	3,165	3,726	(19)%	(31)%
	Derivative collateral and other secured borrowings	52	54	48	(4)%	8%
	Long-term debt	16,716	15,611	14,056	7%	19%
	Total average wholesale funding	$23,415	$24,180	$24,289	(3)%	(4)%
	CDs over $250,000 includes $2.6BN, $3.8BN, and $5.2BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 9/30/24, 6/30/24, and 9/30/23, respectively.

Compared to the prior quarter, average wholesale funding decreased 3%, primarily reflecting a decrease in CDs over $250,000, partially offset by an increase in long-term debt. Compared to the year-ago quarter, average wholesale funding decreased 4%, primarily reflecting a decrease in CDs over $250,000 and FHLB advances, partially offset by an increase in long-term debt.


Credit Quality Summary
($ in millions)	As of and For the Three Months Ended
	September		June		March		December		September
	2024		2024		2024		2023		2023

Total nonaccrual portfolio loans and leases (NPLs)	$686		$606		$708		$649		$570
Repossessed property	11		9		8		10		11
OREO	28		28		27		29		31
Total nonperforming portfolio loans and leases and OREO (NPAs)	$725		$643		$743		$688		$612

NPL ratio(h)	0.59	%	0.52	%	0.61	%	0.55	%	0.47	%
NPA ratio(c)	0.62	%	0.55	%	0.64	%	0.59	%	0.51	%

Portfolio loans and leases 30-89 days past due (accrual)	$283		$302		$342		$359		$316
Portfolio loans and leases 90 days past due (accrual)	40		33		35		36		29

30-89 days past due as a % of portfolio loans and leases	0.24	%	0.26	%	0.29	%	0.31	%	0.26	%
90 days past due as a % of portfolio loans and leases	0.03	%	0.03	%	0.03	%	0.03	%	0.02	%

Allowance for loan and lease losses (ALLL), beginning	$2,288		$2,318		$2,322		$2,340		$2,327
Total net losses charged-off	(142)		(144)		(110)		(96)		(124)
Provision for loan and lease losses	159		114		106		78		137
ALLL, ending	$2,305		$2,288		$2,318		$2,322		$2,340

Reserve for unfunded commitments, beginning	$137		$154		$166		$189		$207
Provision for (benefit from) the reserve for unfunded commitments	1		(17)		(12)		(23)		(18)
Reserve for unfunded commitments, ending	$138		$137		$154		$166		$189

Total allowance for credit losses (ACL)	$2,443		$2,425		$2,472		$2,488		$2,529

ACL ratios:
As a % of portfolio loans and leases	2.09	%	2.08	%	2.12	%	2.12	%	2.11	%
As a % of nonperforming portfolio loans and leases	356	%	400	%	349	%	383	%	443	%
As a % of nonperforming portfolio assets	337	%	377	%	333	%	362	%	413	%

ALLL as a % of portfolio loans and leases	1.98	%	1.96	%	1.99	%	1.98	%	1.95	%

Total losses charged-off	$(183)		$(182)		$(146)		$(133)		$(158)
Total recoveries of losses previously charged-off	41		38		36		37		34
Total net losses charged-off	$(142)		$(144)		$(110)		$(96)		$(124)

Net charge-off ratio (NCO ratio)(b)	0.48	%	0.49	%	0.38	%	0.32	%	0.41	%
Commercial NCO ratio	0.40	%	0.45	%	0.19	%	0.13	%	0.34	%
Consumer NCO ratio	0.62	%	0.57	%	0.67	%	0.64	%	0.53	%

The provision for credit losses totaled $160 million in the current quarter. The ACL ratio was 2.09% of total portfolio loans and leases at quarter end, compared with 2.08% for the prior quarter end and 2.11% for the year-ago quarter end. In the current quarter, the ACL was 356% of nonperforming portfolio loans and leases and 337% of nonperforming portfolio assets.

Net charge-offs were $142 million in the current quarter, resulting in an NCO ratio of 0.48%. Compared to the prior quarter, net charge-offs decreased $2 million and the NCO ratio decreased 1 bp. Commercial net charge-offs were $72 million, resulting in a commercial NCO ratio of 0.40%, which decreased 5 bps compared to the prior quarter. Consumer net charge-offs were $70 million, resulting in a consumer NCO ratio of 0.62%, which increased 5 bps compared to the prior quarter.

Compared to the year-ago quarter, net charge-offs increased $18 million and the NCO ratio increased 7 bps. The commercial NCO ratio increased 6 bps compared to the prior year, and the consumer NCO ratio increased 9 bps compared to the prior year.

Nonperforming portfolio loans and leases were $686 million in the current quarter, with the resulting NPL ratio of 0.59%. Compared to the prior quarter, NPLs increased $80 million with the NPL ratio increasing 7 bps. Compared to the year-ago quarter, NPLs increased $116 million with the NPL ratio increasing 12 bps.

Nonperforming portfolio assets were $725 million in the current quarter, with the resulting NPA ratio of 0.62%. Compared to the prior quarter, NPAs increased $82 million with the NPA ratio increasing 7 bps. Compared to the year-ago quarter, NPAs increased $113 million with the NPA ratio increasing 11 bps.


Capital Position
	As of and For the Three Months Ended
	September		June		March		December		September
	2024		2024		2024		2023		2023
Capital Position
Average total Bancorp shareholders' equity as a % of average assets	9.47	%	8.80	%	8.78	%	8.04	%	8.30	%
Tangible equity(a)	8.99	%	8.91	%	8.75	%	8.65	%	8.46	%
Tangible common equity (excluding AOCI)(a)	8.00	%	7.92	%	7.77	%	7.67	%	7.49	%
Tangible common equity (including AOCI)(a)	6.52	%	5.80	%	5.67	%	5.73	%	4.51	%

Regulatory Capital Ratios(d)(e)
CET1 capital	10.75	%	10.62	%	10.47	%	10.29	%	9.80	%
Tier 1 risk-based capital	12.07	%	11.93	%	11.77	%	11.59	%	11.06	%
Total risk-based capital	14.12	%	13.95	%	13.81	%	13.72	%	13.13	%
Leverage	9.11	%	9.07	%	8.94	%	8.73	%	8.85	%

CET1 capital ratio of 10.75% increased 13 bps sequentially driven by strong profitability. During the third quarter of 2024, Fifth Third repurchased $200 million of its common stock, which reduced shares outstanding by approximately 4.9 million at quarter end. Fifth Third increased its quarterly cash dividend on its common shares by $0.02, or 6%, to $0.37 per share for the third quarter of 2024.

Tax Rate

The effective tax rate for the quarter was 21.3% consistent with the prior quarter and slightly lower than 22.0% in the year-ago quarter.

Conference Call

Fifth 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 (click on “About Us” then “Investor Relations”). 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.

Corporate Profile

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s 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’s Most Ethical Companies® 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’s highest performing regional bank, but to be the bank people most value and trust.

Fifth 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® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com.

Earnings Release End Notes

(a)Non-GAAP measure; see discussion of non-GAAP reconciliation beginning on page 27.

(b)Net losses charged-off as a percent of average portfolio loans and leases presented on an annualized basis.

(c)Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO.

(d)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.

(e)Current period regulatory capital ratios are estimated.

(f)Assumes a 23% tax rate.

(g)Includes commercial customer Eurodollar sweep balances for which the Bank pays rates comparable to other commercial deposit accounts.

(h)Nonperforming portfolio loans and leases as a percent of portfolio loans and leases.

FORWARD-LOOKING STATEMENTS

This release contains statements that we believe are “forward-looking statements” 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 “will likely result,” “may,” “are expected to,” “is anticipated,” “potential,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” 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 (“SEC”).

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’s 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’s capital plan; (20) regulation of Fifth Third’s 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’s 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’s 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’s 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.

You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” 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.

# # #

Quarterly Financial Review for September 30, 2024

Table of Contents




			Financial Highlights			14-15
			Consolidated Statements of Income			16-17
			Consolidated Balance Sheets			18-19
			Consolidated Statements of Changes in Equity			20
			Average Balance Sheets and Yield/Rate Analysis			21-22
			Summary of Loans and Leases			23
			Regulatory Capital			24
			Summary of Credit Loss Experience			25
			Asset Quality			26
			Non-GAAP Reconciliation			27-29
			Segment Presentation			30


Fifth Third Bancorp and Subsidiaries
Financial Highlights		As of and For the Three Months Ended						% / bps								% / bps
$ in millions, except per share data								Change				Year to Date				Change
(unaudited)		September		June		September						September		September
		2024		2024		2023		Seq		Yr/Yr		2024		2023		Yr/Yr
Income Statement Data
Net interest income		$1,421		$1,387		$1,438		2%		(1%)		$4,192		$4,411		(5%)
Net interest income (FTE)(a)		1,427		1,393		1,445		2%		(1%)		4,210		4,429		(5%)
Noninterest income		711		695		715		2%		(1%)		2,117		2,137		(1%)
	Total revenue (FTE)(a)	2,138		2,088		2,160		2%		(1%)		6,327		6,566		(4%)
Provision for credit losses		160		97		119		65%		34%		351		460		(24%)
Noninterest expense		1,244		1,221		1,188		2%		5%		3,807		3,750		2%
Net income		573		601		660		(5%)		(13%)		1,694		1,819		(7%)
Net income available to common shareholders		532		561		623		(5%)		(15%)		1,573		1,719		(8%)

Earnings Per Share Data
Net income allocated to common shareholders		$532		$561		$623		(5%)		(15%)		$1,573		$1,719		(8%)
Average common shares outstanding (in thousands):
	Basic	680,895		686,781		684,224		(1%)		—		684,462		684,091		—
	Diluted	686,109		691,083		687,059		(1%)		—		689,263		687,661		—
Earnings per share, basic		$0.78		$0.82		$0.91		(5%)		(14%)		$2.30		$2.51		(8%)
Earnings per share, diluted		0.78		0.81		0.91		(4%)		(14%)		2.28		2.50		(9%)

Common Share Data
Cash dividends per common share		$0.37		$0.35		$0.35		6%		6%		$1.07		$1.01		6%
Book value per share		27.60		25.13		21.19		10%		30%		27.60		21.19		30%
Market value per share		42.84		36.49		25.33		17%		69%		42.84		25.33		69%
Common shares outstanding (in thousands)		676,269		680,789		680,990		(1%)		(1%)		676,269		680,990		(1%)
Market capitalization		$28,971		$24,842		$17,249		17%		68%		$28,971		$17,249		68%

Financial Ratios
Return on average assets		1.06	%	1.14	%	1.26	%	(8)		(20)		1.06	%	1.18	%	(12)
Return on average common equity		11.7	%	13.6	%	16.3	%	(190)		(460)		12.3	%	14.6	%	(230)
Return on average tangible common equity(a)		16.3	%	19.8	%	24.7	%	(350)		(840)		17.6	%	21.8	%	(420)
Noninterest income as a percent of total revenue(a)		33	%	33	%	33	%	—		—		33	%	33	%	—
Dividend payout		47.4	%	42.7	%	38.5	%	470		890		46.5	%	40.2	%	630
Average total Bancorp shareholders’ equity as a percent of average assets		9.47	%	8.80	%	8.30	%	67		117		9.02	%	8.65	%	37
Tangible common equity(a)		8.00	%	7.92	%	7.49	%	8		51		8.00	%	7.49	%	51
Net interest margin (FTE)(a)		2.90	%	2.88	%	2.98	%	2		(8)		2.88	%	3.12	%	(24)
Efficiency (FTE)(a)		58.2	%	58.5	%	55.0	%	(30)		320		60.2	%	57.1	%	310
Effective tax rate		21.3	%	21.3	%	22.0	%	—		(70)		21.3	%	22.2	%	(90)

Credit Quality
Net losses charged-off		$142		$144		$124		(1	%)	15	%	$396		$292		36	%
Net losses charged-off as a percent of average portfolio loans and leases (annualized)		0.48	%	0.49	%	0.41	%	(1)		7		0.45	%	0.32	%	13
ALLL as a percent of portfolio loans and leases		1.98	%	1.96	%	1.95	%	2		3		1.98	%	1.95	%	3
ACL as a percent of portfolio loans and leases(g)		2.09	%	2.08	%	2.11	%	1		(2)		2.09	%	2.11	%	(2)
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO		0.62	%	0.55	%	0.51	%	7		11		0.62	%	0.51	%	11

Average Balances
Loans and leases, including held for sale		$117,415		$117,283		$122,266		—		(4%)		$117,466		$123,284		(5%)
Securities and other short-term investments		78,421		77,216		69,950		2%		12%		77,765		66,294		17%
Assets		213,838		212,475		208,385		1%		3%		213,174		206,528		3%
Transaction deposits(b)		153,154		151,680		150,088		1%		2%		152,400		149,641		2%
Core deposits(c)		163,697		162,447		159,718		1%		2%		162,918		157,178		4%
Wholesale funding(d)		23,415		24,180		24,289		(3%)		(4%)		24,120		24,548		(2%)
Bancorp shareholders' equity		20,251		18,707		17,305		8%		17%		19,232		17,873		8%

Regulatory Capital Ratios(e)(f)
CET1 capital		10.75	%	10.62	%	9.80	%	13		95		10.75	%	9.80	%	95
Tier 1 risk-based capital		12.07	%	11.93	%	11.06	%	14		101		12.07	%	11.06	%	101
Total risk-based capital		14.12	%	13.95	%	13.13	%	17		99		14.12	%	13.13	%	99
Leverage		9.11	%	9.07	%	8.85	%	4		26		9.11	%	8.85	%	26

Additional Metrics
Banking centers		1,072		1,070		1,073		—		—		1,072		1,073		—
ATMs		2,060		2,067		2,101		—		(2%)		2,060		2,101		(2%)
Full-time equivalent employees		18,579		18,607		18,804		—		(1%)		18,579		18,804		(1%)
Assets under care ($ in billions)(h)		$635		$631		$547		1%		16%		$635		$547		16%
Assets under management ($ in billions)(h)		69		65		57		6%		21%		69		57		21%

(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.

(b)Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers.

(c)Includes transaction deposits plus CDs $250,000 or less.

(d)Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.

(e)Current period regulatory capital ratios are estimates.

(f)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.

(g)The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.

(h)Assets under management and assets under care include trust and brokerage assets.


Fifth Third Bancorp and Subsidiaries
Financial Highlights
$ in millions, except per share data		As of and For the Three Months Ended
(unaudited)		September		June		March		December		September
		2024		2024		2024		2023		2023
Income Statement Data
Net interest income		$1,421		$1,387		$1,384		$1,416		$1,438
Net interest income (FTE)(a)		1,427		1,393		1,390		1,423		1,445
Noninterest income		711		695		710		744		715
	Total revenue (FTE)(a)	2,138		2,088		2,100		2,167		2,160
Provision for credit losses		160		97		94		55		119
Noninterest expense		1,244		1,221		1,342		1,455		1,188
Net income		573		601		520		530		660
Net income available to common shareholders		532		561		480		492		623

Earnings Per Share Data
Net income allocated to common shareholders		$532		$561		$480		$492		$623
Average common shares outstanding (in thousands):
	Basic	680,895		686,781		685,750		684,413		684,224
	Diluted	686,109		691,083		690,634		687,729		687,059
Earnings per share, basic		$0.78		$0.82		$0.70		$0.72		$0.91
Earnings per share, diluted		0.78		0.81		0.70		0.72		0.91

Common Share Data
Cash dividends per common share		$0.37		$0.35		$0.35		$0.35		$0.35
Book value per share		27.60		25.13		24.72		25.04		21.19
Market value per share		42.84		36.49		37.21		34.49		25.33
Common shares outstanding (in thousands)		676,269		680,789		683,812		681,125		680,990
Market capitalization		$28,971		$24,842		$25,445		$23,492		$17,249

Financial Ratios
Return on average assets		1.06	%	1.14	%	0.98	%	0.98	%	1.26	%
Return on average common equity		11.7	%	13.6	%	11.6	%	12.9	%	16.3	%
Return on average tangible common equity(a)		16.3	%	19.8	%	17.0	%	19.8	%	24.7	%
Noninterest income as a percent of total revenue(a)		33	%	33	%	34	%	34	%	33	%
Dividend payout		47.4	%	42.7	%	50.0	%	48.6	%	38.5	%
Average total Bancorp shareholders’ equity as a percent of average assets		9.47	%	8.80	%	8.78	%	8.04	%	8.30	%
Tangible common equity(a)		8.00	%	7.92	%	7.77	%	7.67	%	7.49	%
Net interest margin (FTE)(a)		2.90	%	2.88	%	2.86	%	2.85	%	2.98	%
Efficiency (FTE)(a)		58.2	%	58.5	%	63.9	%	67.2	%	55.0	%
Effective tax rate		21.3	%	21.3	%	21.1	%	18.4	%	22.0	%

Credit Quality
Net losses charged-off		$142		$144		$110		$96		$124
Net losses charged-off as a percent of average portfolio loans and leases (annualized)		0.48	%	0.49	%	0.38	%	0.32	%	0.41	%
ALLL as a percent of portfolio loans and leases		1.98	%	1.96	%	1.99	%	1.98	%	1.95	%
ACL as a percent of portfolio loans and leases(g)		2.09	%	2.08	%	2.12	%	2.12	%	2.11	%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO		0.62	%	0.55	%	0.64	%	0.59	%	0.51	%

Average Balances
Loans and leases, including held for sale		$117,415		$117,283		$117,699		$119,309		$122,266
Securities and other short-term investments		78,421		77,216		77,650		78,857		69,950
Assets		213,838		212,475		213,203		214,057		208,385
Transaction deposits(b)		153,154		151,680		152,357		153,232		150,088
Core deposits(c)		163,697		162,447		162,601		163,788		159,718
Wholesale funding(d)		23,415		24,180		24,771		26,115		24,289
Bancorp shareholders’ equity		20,251		18,707		18,727		17,201		17,305

Regulatory Capital Ratios(e)(f)
CET1 capital		10.75	%	10.62	%	10.47	%	10.29	%	9.80	%
Tier 1 risk-based capital		12.07	%	11.93	%	11.77	%	11.59	%	11.06	%
Total risk-based capital		14.12	%	13.95	%	13.81	%	13.72	%	13.13	%
Leverage		9.11	%	9.07	%	8.94	%	8.73	%	8.85	%

Additional Metrics
Banking centers		1,072		1,070		1,070		1,088		1,073
ATMs		2,060		2,067		2,082		2,104		2,101
Full-time equivalent employees		18,579		18,607		18,657		18,724		18,804
Assets under care ($ in billions)(h)		$635		$631		$634		$574		$547
Assets under management ($ in billions)(h)		69		65		62		59		57

(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.

(b)Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers.

(c)Includes transaction deposits plus CDs $250,000 or less.

(d)Includes CDs over $250,000, other deposits, federal funds purchased, other short-term borrowings and long-term debt.

(e)Current period regulatory capital ratios are estimates.

(f)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.

(g)The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.

(h)Assets under management and assets under care include trust and brokerage assets.


Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millions	For the Three Months Ended			% Change		Year to Date		% Change
(unaudited)	September	June	September			September	September
	2024	2024	2023	Seq	Yr/Yr	2024	2023	Yr/Yr
Interest Income
Interest and fees on loans and leases	$1,910	$1,871	$1,899	2%	1%	$5,640	$5,445	4%
Interest on securities	461	458	444	1%	4%	1,374	1,320	4%
Interest on other short-term investments	298	291	186	2%	60%	883	348	154%
Total interest income	2,669	2,620	2,529	2%	6%	7,897	7,113	11%

Interest Expense
Interest on deposits	968	958	844	1%	15%	2,880	1,977	46%
Interest on federal funds purchased	2	3	2	(33%)	—	8	13	(38%)
Interest on other short-term borrowings	40	48	52	(17%)	(23%)	135	198	(32%)
Interest on long-term debt	238	224	193	6%	23%	682	514	33%
Total interest expense	1,248	1,233	1,091	1%	14%	3,705	2,702	37%

Net Interest Income	1,421	1,387	1,438	2%	(1%)	4,192	4,411	(5%)

Provision for credit losses	160	97	119	65%	34%	351	460	(24%)
Net Interest Income After Provision for Credit Losses	1,261	1,290	1,319	(2%)	(4%)	3,841	3,951	(3%)

Noninterest Income
Service charges on deposits	161	156	149	3%	8%	467	431	8%
Commercial banking revenue	163	144	154	13%	6%	451	461	(2%)
Mortgage banking net revenue	50	50	57	—	(12%)	154	184	(16%)
Wealth and asset management revenue	163	159	145	3%	12%	483	434	11%
Card and processing revenue	106	108	104	(2%)	2%	316	310	2%
Leasing business revenue	43	38	58	13%	(26%)	120	162	(26%)
Other noninterest income	15	37	55	(59%)	(73%)	103	152	(32%)
Securities gains (losses), net	10	3	(7)	233%	NM	23	3	667%

Total noninterest income	711	695	715	2%	(1%)	2,117	2,137	(1%)

Noninterest Expense
Compensation and benefits	690	656	629	5%	10%	2,099	2,036	3%
Net occupancy expense	81	83	84	(2%)	(4%)	251	248	1%
Technology and communications	121	114	115	6%	5%	351	347	1%
Equipment expense	38	38	37	—	3%	114	110	4%
Card and processing expense	22	21	21	5%	5%	63	63	—
Leasing business expense	21	22	29	(5%)	(28%)	69	94	(27%)
Marketing expense	26	34	35	(24%)	(26%)	92	96	(4%)
Other noninterest expense	245	253	238	(3%)	3%	768	756	2%
Total noninterest expense	1,244	1,221	1,188	2%	5%	3,807	3,750	2%
Income Before Income Taxes	728	764	846	(5%)	(14%)	2,151	2,338	(8%)
Applicable income tax expense	155	163	186	(5%)	(17%)	457	519	(12%)
Net Income	573	601	660	(5%)	(13%)	1,694	1,819	(7%)
Dividends on preferred stock	41	40	37	3%	11%	121	100	21%
Net Income Available to Common Shareholders	$532	$561	$623	(5%)	(15%)	$1,573	$1,719	(8%)


Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millions	For the Three Months Ended
(unaudited)	September	June	March	December	September
	2024	2024	2024	2023	2023
Interest Income
Interest and fees on loans and leases	$1,910	$1,871	$1,859	$1,889	$1,899
Interest on securities	461	458	455	451	444
Interest on other short-term investments	298	291	294	308	186
Total interest income	2,669	2,620	2,608	2,648	2,529

Interest Expense
Interest on deposits	968	958	954	952	844
Interest on federal funds purchased	2	3	3	3	2
Interest on other short-term borrowings	40	48	47	49	52
Interest on long-term debt	238	224	220	228	193
Total interest expense	1,248	1,233	1,224	1,232	1,091

Net Interest Income	1,421	1,387	1,384	1,416	1,438

Provision for credit losses	160	97	94	55	119
Net Interest Income After Provision for Credit Losses	1,261	1,290	1,290	1,361	1,319

Noninterest Income
Service charges on deposits	161	156	151	146	149
Commercial banking revenue	163	144	143	163	154
Mortgage banking net revenue	50	50	54	66	57
Wealth and asset management revenue	163	159	161	147	145
Card and processing revenue	106	108	102	106	104
Leasing business revenue	43	38	39	46	58
Other noninterest income	15	37	50	54	55
Securities gains (losses), net	10	3	10	16	(7)

Total noninterest income	711	695	710	744	715

Noninterest Expense
Compensation and benefits	690	656	753	659	629
Net occupancy expense	81	83	87	83	84
Technology and communications	121	114	117	117	115
Equipment expense	38	38	37	37	37
Card and processing expense	22	21	20	21	21
Leasing business expense	21	22	25	27	29
Marketing expense	26	34	32	30	35
Other noninterest expense	245	253	271	481	238
Total noninterest expense	1,244	1,221	1,342	1,455	1,188
Income Before Income Taxes	728	764	658	650	846
Applicable income tax expense	155	163	138	120	186
Net Income	573	601	520	530	660
Dividends on preferred stock	41	40	40	38	37
Net Income Available to Common Shareholders	$532	$561	$480	$492	$623


fifth third bancorp 4.95% dep shs 1/1000th non cum pfd sr k和附属公司
合并资产负债表
百万美元，除每股数据外，其他均为百万美元	截至			百分比变动
(未经审计)	九月	6月	九月
	2024	2024	2023	Seq		同比增长
资产
现金和存放在银行的款项	$3,215	$2,837	$2,837	13%		13%
其他短期投资	21,729	21,085	18,923	3%		15%
可供出售债务和其他证券(a)	40,396	38,986	47,893	4%		(16%)
持有至到期日的证券(b)	11,358	11,443	2	(1%)		未出现数据
交易债务证券	1,176	1,132	1,222	4%		(4%)
股票投资	428	476	250	(10%)		71%
持有待售贷款和租赁融资	612	537	614	14%		—
投资组合贷款和租赁:
商业和工业贷款	50,916	51,840	55,790	(2%)		(9%)
商业抵押贷款	11,394	11,429	11,122	—		2%
商业施工贷款	5,947	5,806	5,582	2%		7%
商业租赁	2,873	2,708	2,624	6%		9%
商业贷款和租赁总额	71,130	71,783	75,118	(1%)		(5%)
住房抵押贷款	17,166	17,040	17,293	1%		(1%)
家庭房产	4,074	3,969	3,898	3%		5%
间接担保消费者贷款	15,942	15,442	15,434	3%		3%
信用卡	1,703	1,733	1,817	(2%)		(6%)
太阳能安装贷款	4,078	3,951	3,383	3%		21%
其他消费者贷款	2,575	2,661	3,145	(3%)		(18%)
消费者贷款总额	45,538	44,796	44,970	2%		1%
投资组合贷款和租赁	116,668	116,579	120,088	—		(3%)
贷款和租赁损失拨备	(2,305)	(2,288)	(2,340)	1%		(1%)
投资组合贷款和租赁净额	114,363	114,291	117,748	—		(3%)
银行场地和设备	2,425	2,389	2,303	2%		5%
经营租赁设备	357	392	480	(9%)		(26%)
商誉	4,918	4,918	4,919	—		—
无形资产	98	107	136	(8%)		(28%)
服务权	1,656	1,731	1,822	(4%)		(9%)
其他	11,587	12,938	13,818	(10%)		(16%)
总资产	$214,318	$213,262	$212,967	—		1%

负债
存款：
需求	$41,393	$40,617	$43,844	2%		(6%)
利息支票	58,572	57,390	53,421	2%		10%
储蓄	16,990	17,419	20,195	(2%)		(16%)
货币市场	37,482	36,259	33,492	3%		12%
外交部	155	119	168	30%		(8%)
资产小于$250,000的CDs	10,480	10,882	10,306	(4%)		2%
资产超过$250,000的CDs	3,268	4,082	6,246	(20%)		(48%)
存款总额	168,340	166,768	167,672	1%		—
联邦基金购买	169	194	205	(13%)		(18%)
其他短期借款	1,424	3,370	4,594	(58%)		(69%)
应计税款、利息和费用	2,034	2,040	1,834	—		11%
其他负债	4,471	5,371	5,808	(17%)		(23%)
长期债务	17,096	16,293	16,310	5%		5%
总负债	193,534	194,036	196,423	—		(1%)
股权
(c)	2,051	2,051	2,051	—		—
优先股	2,116	2,116	2,116	—		—
资本剩余	3,784	3,764	3,733	1%		1%
保留盈余	23,820	23,542	22,747	1%		5%
累计其他综合损失	(3,446)	(4,901)	(6,839)	(30%)		(50%)
自家保管的股票	(7,541)	(7,346)	(7,264)	3%		4%
总股本	20,784	19,226	16,544	8%		26%
总负债和股权	$214,318	$213,262	$212,967	—		1%
(a) 分期支付成本	$43,754	$43,596	$55,557	—		(21%)
(b) 市场价值	11,554	11,187	2	3	%	未出现数据
(c) 普通股，每股面值2.22美元（以千为单位）：
已授权	2,000,000	2,000,000	2,000,000	—		—
未包括国库，卓越	676,269	680,789	680,990	—		—
国库	247,624	243,103	242,903	2	%	—


fifth third bancorp 及其附属公司
合并资产负债表
百万美元，除每股数据外，其他均为百万美元	截至
(未经审计)	九月	6月	三月	12月	九月
	2024	2024	2024	2023	2023
资产
现金和存放在银行的款项	$3,215	$2,837	$2,796	$3,142	$2,837
其他短期投资	21,729	21,085	22,840	22,082	18,923
可供出售债务和其他证券(a)	40,396	38,986	38,791	50,419	47,893
持有至到期日的证券(b)	11,358	11,443	11,520	2	2
交易债务证券	1,176	1,132	1,151	899	1,222
股票投资	428	476	380	613	250
持有待售贷款和租赁融资	612	537	339	378	614
投资组合贷款和租赁:
商业和工业贷款	50,916	51,840	52,209	53,270	55,790
商业抵押贷款	11,394	11,429	11,346	11,276	11,122
商业施工贷款	5,947	5,806	5,789	5,621	5,582
商业租赁	2,873	2,708	2,572	2,579	2,624
商业贷款和租赁总额	71,130	71,783	71,916	72,746	75,118
住房抵押贷款	17,166	17,040	16,995	17,026	17,293
家庭房产	4,074	3,969	3,883	3,916	3,898
间接担保的消费者贷款	15,942	15,442	15,306	14,965	15,434
信用卡	1,703	1,733	1,737	1,865	1,817
太阳能安装贷款	4,078	3,951	3,871	3,728	3,383
其他消费者贷款	2,575	2,661	2,777	2,988	3,145
消费者贷款总额	45,538	44,796	44,569	44,488	44,970
投资组合贷款和租赁	116,668	116,579	116,485	117,234	120,088
贷款和租赁损失拨备	(2,305)	(2,288)	(2,318)	(2,322)	(2,340)
投资组合贷款和租赁净额	114,363	114,291	114,167	114,912	117,748
银行场地和设备	2,425	2,389	2,376	2,349	2,303
营业租赁设备	357	392	427	459	480
商誉	4,918	4,918	4,918	4,919	4,919
无形资产	98	107	115	125	136
服务权	1,656	1,731	1,756	1,737	1,822
其他	11,587	12,938	12,930	12,538	13,818
总资产	$214,318	$213,262	$214,506	$214,574	$212,967

负债
存款：
需求	$41,393	$40,617	$41,849	$43,146	$43,844
利息支票	58,572	57,390	58,809	57,257	53,421
储蓄	16,990	17,419	18,229	18,215	20,195
货币市场	37,482	36,259	35,025	34,374	33,492
海外办事处	155	119	129	162	168
25万美元或更少的存款	10,480	10,882	10,337	10,552	10,306
超过25万美元的存款	3,268	4,082	5,209	5,206	6,246
存款总额	168,340	166,768	169,587	168,912	167,672
联邦基金购买	169	194	247	193	205
其他短期借款	1,424	3,370	2,866	2,861	4,594
应计税款、利息和费用	2,034	2,040	1,965	2,195	1,834
其他负债	4,471	5,371	5,379	4,861	5,808
长期债务	17,096	16,293	15,444	16,380	16,310
总负债	193,534	194,036	195,488	195,402	196,423
股权
(c)	2,051	2,051	2,051	2,051	2,051
优先股	2,116	2,116	2,116	2,116	2,116
资本剩余	3,784	3,764	3,742	3,757	3,733
保留盈余	23,820	23,542	23,224	22,997	22,747
累计其他综合损失	(3,446)	(4,901)	(4,888)	(4,487)	(6,839)
自家保管的股票	(7,541)	(7,346)	(7,227)	(7,262)	(7,264)
总股本	20,784	19,226	19,018	19,172	16,544
总负债和股权	$214,318	$213,262	$214,506	$214,574	$212,967
(a) 分期摊销成本	$43,754	$43,596	$43,400	$55,789	$55,557
(b) 市值	11,554	11,187	11,341	2	2
(c) 普通股，每股面值$2.22（以千计）：
已授权	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000
未包括库藏的未流通	676,269	680,789	683,812	681,125	680,990
国库	247,624	243,103	240,080	242,768	242,903


fifth third bancorp及其子公司
股东权益变动表
单位：百万美元
(未经审计)
			截至三个月的时间		本年度至今
			九月	九月	九月	九月
			2024	2023	2024	2023
期初总权益			$19,226	$17,809	$19,172	$17,327
会计原则变更累积影响			—	—	(10)	37
净收入			573	660	1,694	1,819
其他综合收益(损失), 净额(税后):
未实现损失变动：
		可供出售债务证券	937	(1,218)	760	(1,251)
		符合条件的现金流量套期交易	489	(455)	202	(479)
将证券摊销未实现损失转移至持有到到期日			26	—	76	—
与员工福利计划相关的其他综合收入累计变动			1	—	1	1
其他			2	—	2	—
综合收益（损失）			2,028	(1,013)	2,735	90
现金分红宣布:
			(254)	(242)	(740)	(698)
	优先股		(41)	(37)	(121)	(100)
股票补偿计划下股票交易的影响，净额			27	27	75	89
为库藏而取得的股份			(202)	—	(327)	(201)

股本总额，期末			$20,784	$16,544	$20,784	$16,544


fifth third bancorp 4.95% dep shs 1/1000th non cum pfd sr k 及子公司
平均资产负债表和收益率分析	截至三个月的时间
单位：百万美元	九月			6月			九月
(未经审计)	2024			2024			2023
	平均数	平均数		平均数	平均数		平均数	平均数
	余额	收益率/利率		余额	收益率/利率		余额	收益率/利率
资产
计息资产：
贷款和租赁业务：
商业和工业贷款(a)	$51,630	7.15	%	$52,389	7.13	%	$57,015	7.00	%
商业抵押贷款(a)	11,488	6.26	%	11,353	6.26	%	11,216	6.12	%
商业施工贷款(a)	5,982	7.14	%	5,917	7.14	%	5,540	6.93	%
商业租赁(a)	2,686	4.53	%	2,576	4.33	%	2,618	3.75	%
商业贷款和租赁总额	71,786	6.91	%	72,235	6.90	%	76,389	6.75	%
住房抵押贷款	17,604	3.71	%	17,363	3.66	%	18,019	3.52	%
家庭房产	4,018	8.40	%	3,929	8.37	%	3,897	8.17	%
间接保证消费者贷款	15,680	5.42	%	15,373	5.18	%	15,787	4.43	%
信用卡	1,708	14.00	%	1,728	12.86	%	1,808	14.09	%
太阳能安装贷款	3,990	8.12	%	3,916	8.35	%	3,245	6.42	%
其他消费贷款	2,629	9.37	%	2,739	9.17	%	3,121	8.93	%
消费者贷款总额	45,629	5.81	%	45,048	5.69	%	45,877	5.22	%
贷款和租赁总额	117,415	6.48	%	117,283	6.43	%	122,266	6.18	%
证券:
应税证券	55,329	3.25	%	55,241	3.27	%	55,519	3.10	%
免税证券(a)	1,378	3.30	%	1,366	3.27	%	1,475	3.21	%
其他短期投资	21,714	5.47	%	20,609	5.67	%	12,956	5.69	%
利息收入资产总额	195,836	5.43	%	194,499	5.43	%	192,216	5.23	%
现金和存放在银行的款项	2,664			2,637			2,576
其他	17,626			17,656			15,920
贷款和租赁损失拨备	(2,288)			(2,317)			(2,327)
总资产	$213,838			$212,475			$208,385

负债
利息负债：
利息支票存款	$58,441	3.38	%	$57,999	3.39	%	$53,109	3.18	%
储蓄存款	17,272	0.71	%	17,747	0.67	%	20,511	0.89	%
货币市场存款	37,257	3.06	%	35,511	3.00	%	32,072	2.50	%
外币办事处存款	164	1.97	%	157	2.11	%	168	1.72	%
CDs 25万美元或更少	10,543	4.07	%	10,767	4.22	%	9,630	3.97	%
总计利息负担核心存款	123,677	2.97	%	122,181	2.95	%	115,490	2.65	%
CDs 超过25万美元	3,499	5.08	%	4,747	5.16	%	5,926	4.91	%

利息负债总额	127,176	3.03	%	126,928	3.04	%	121,416	2.76	%
联邦基金购入	176	5.34	%	230	5.41	%	181	5.31	%
证券质押式回购出售	396	2.36	%	373	1.97	%	352	1.46	%
fhlb预支款	2,576	5.59	%	3,165	5.71	%	3,726	5.26	%
衍生品担保和其他担保借款	52	14.76	%	54	6.87	%	48	7.82	%
长期债务	16,716	5.65	%	15,611	5.78	%	14,056	5.46	%
总计计息负债	147,092	3.38	%	146,361	3.39	%	139,779	3.10	%
活期存款	40,020			40,266			44,228
其他负债	6,475			7,141			7,073
总负债	193,587			193,768			191,080
总股本	20,251			18,707			17,305
总负债和股权	$213,838			$212,475			$208,385
比率：
净利息收益率（FTE）(b)		2.90	%		2.88	%		2.98	%
净利息利差（FTE）(b)		2.05	%		2.04	%		2.13	%
利息支出负债与利息收入资产比率		75.11	%		75.25	%		72.72	%
（a）这些资产的平均收益/利率以FTE基础呈现。
（b）非GAAP衡量标准；请参阅有关非GAAP衡量标准的讨论和调解，从第一页开始。年龄27岁。


fifth third bancorp及其子公司
平均资产负债表和收益率/利率分析	本年度至今
单位：百万美元	九月			九月
(未经审计)	2024			2023
	平均数	平均数		平均数	平均数
	余额	收益率/利率		余额	收益率/利率
资产
计息资产：
贷款和租赁业务：
商业和工业贷款(a)	$52,423	7.12	%	$57,786	6.73	%
商业抵押贷款(a)	11,394	6.27	%	11,237	5.87	%
商业施工贷款(a)	5,877	7.16	%	5,527	6.74	%
商业租赁(a)	2,602	4.37	%	2,661	3.59	%
商业贷款和租赁总额	72,296	6.89	%	77,211	6.50	%
住房抵押贷款	17,412	3.64	%	18,168	3.43	%
家庭房产	3,960	8.35	%	3,946	7.34	%
间接担保的消费者贷款	15,410	5.18	%	16,219	4.19	%
信用卡	1,736	13.53	%	1,790	14.06	%
太阳能安装贷款	3,900	8.08	%	2,734	5.68	%
其他消费者贷款	2,752	9.16	%	3,216	8.67	%
消费者贷款总额	45,170	5.68	%	46,073	4.95	%
贷款和租赁总额	117,466	6.43	%	123,284	5.92	%
证券:
应税证券	55,196	3.26	%	56,127	3.08	%
免税证券(a)	1,395	3.28	%	1,459	3.17	%
其他短期投资	21,174	5.57	%	8,708	5.34	%
利息收入资产总额	195,231	5.42	%	189,578	5.03	%
现金和存放在银行的款项	2,681			2,776
其他	17,571			16,405
贷款和租赁损失拨备	(2,309)			(2,231)
总资产	$213,174			$206,528

负债
利息负债：
利息支票存款	$58,372	3.39	%	$50,782	2.79	%
储蓄存款	17,707	0.69	%	21,755	0.73	%
货币市场存款	35,791	2.99	%	29,815	1.88	%
外国办事处存款	156	2.16	%	151	1.63	%
少于250,000美元的定期存款证书	10,518	4.15	%	7,537	3.51	%
总计利息负担核心存款	122,544	2.95	%	110,040	2.19	%
250,000美元以上的存单	4,585	5.16	%	5,222	4.57	%
利息负债总额	127,129	3.03	%	115,262	2.29	%
联邦购买资金	202	5.39	%	347	4.89	%
再购回协议下出售的证券	378	2.06	%	347	1.13	%
FHLb预付款	2,949	5.68	%	5,035	4.99	%
衍生抵押品和其他担保借款	55	9.50	%	123	8.10	%
长期债务	15,951	5.71	%	13,474	5.09	%
总计计息负债	146,664	3.37	%	134,588	2.68	%
活期存款	40,374			47,138
其他负债	6,904			6,929
总负债	193,942			188,655
总股本	19,232			17,873
总负债和股权	$213,174			$206,528
比率：
净利息收益率 (FTE)(b)		2.88	%		3.12	%
净利息利差 (FTE)(b)		2.05	%		2.35	%
利息支出负债占利息收益资产比		75.12	%		70.99	%
(a) 这些资产的平均收益率/利率是以全职等效基础呈现的。
(b) 非GAAP指标；请参阅第27页开始的非GAAP指标讨论和调整。


Fifth Third Bancorp and Subsidiaries
Summary of Loans and Leases
$ in millions	For the Three Months Ended
(unaudited)	September	June	March	December	September
	2024	2024	2024	2023	2023
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$51,615	$52,357	$53,183	$54,633	$57,001
Commercial mortgage loans	11,488	11,352	11,339	11,338	11,216
Commercial construction loans	5,981	5,917	5,732	5,727	5,539
Commercial leases	2,685	2,575	2,542	2,535	2,616
Total commercial loans and leases	71,769	72,201	72,796	74,233	76,372
Consumer loans:
Residential mortgage loans	17,031	17,004	16,977	17,129	17,400
Home equity	4,018	3,929	3,933	3,905	3,897
Indirect secured consumer loans	15,680	15,373	15,172	15,129	15,787
Credit card	1,708	1,728	1,773	1,829	1,808
Solar energy installation loans	3,990	3,916	3,794	3,630	3,245
Other consumer loans	2,630	2,740	2,889	3,003	3,121
Total consumer loans	45,057	44,690	44,538	44,625	45,258
Total average portfolio loans and leases	$116,826	$116,891	$117,334	$118,858	$121,630

Average Loans and Leases Held for Sale
Commercial loans and leases held for sale	$16	$33	$74	$72	$17
Consumer loans held for sale	573	359	291	379	619
Average loans and leases held for sale	$589	$392	$365	$451	$636

End of Period Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$50,916	$51,840	$52,209	$53,270	$55,790
Commercial mortgage loans	11,394	11,429	11,346	11,276	11,122
Commercial construction loans	5,947	5,806	5,789	5,621	5,582
Commercial leases	2,873	2,708	2,572	2,579	2,624
Total commercial loans and leases	71,130	71,783	71,916	72,746	75,118
Consumer loans:
Residential mortgage loans	17,166	17,040	16,995	17,026	17,293
Home equity	4,074	3,969	3,883	3,916	3,898
Indirect secured consumer loans	15,942	15,442	15,306	14,965	15,434
Credit card	1,703	1,733	1,737	1,865	1,817
Solar energy installation loans	4,078	3,951	3,871	3,728	3,383
Other consumer loans	2,575	2,661	2,777	2,988	3,145
Total consumer loans	45,538	44,796	44,569	44,488	44,970
Total portfolio loans and leases	$116,668	$116,579	$116,485	$117,234	$120,088

End of Period Loans and Leases Held for Sale
Commercial loans and leases held for sale	$100	$25	$32	$44	$81
Consumer loans held for sale	512	512	307	334	533
Loans and leases held for sale	$612	$537	$339	$378	$614

Operating lease equipment	$357	$392	$427	$459	$480

Loans and Leases Serviced for Others(a)
Commercial and industrial loans	$1,178	$1,201	$1,197	$1,231	$1,217
Commercial mortgage loans	515	616	632	655	711
Commercial construction loans	342	309	293	283	288
Commercial leases	773	730	703	703	721
Residential mortgage loans	95,808	97,280	99,596	100,842	101,889
Solar energy installation loans	610	625	641	658	673
Other consumer loans	126	133	139	146	154
Total loans and leases serviced for others	99,352	100,894	103,201	104,518	105,653
Total loans and leases owned or serviced	$216,989	$218,402	$220,452	$222,589	$226,835

(a)Fifth Third sells certain loans and leases and obtains servicing responsibilities.


Fifth Third Bancorp and Subsidiaries
Regulatory Capital
$ in millions		As of
(unaudited)		September		June		March		December		September
		2024(a)		2024		2024		2023		2023
Regulatory Capital(b)
CET1 capital		$17,271		$17,160		$16,931		$16,800		$16,510
Additional tier 1 capital		2,116		2,116		2,116		2,116		2,116
Tier 1 capital		19,387		19,276		19,047		18,916		18,626
Tier 2 capital		3,304		3,275		3,288		3,484		3,485
Total regulatory capital		$22,691		$22,551		$22,335		$22,400		$22,111
Risk-weighted assets		$160,664		$161,636		$161,769		$163,223		$168,433

Ratios
Average total Bancorp shareholders' equity as a percent of average assets		9.47	%	8.80	%	8.78	%	8.04	%	8.30	%

Regulatory Capital Ratios(b)
Fifth Third Bancorp
	CET1 capital	10.75	%	10.62	%	10.47	%	10.29	%	9.80	%
	Tier 1 risk-based capital	12.07	%	11.93	%	11.77	%	11.59	%	11.06	%
	Total risk-based capital	14.12	%	13.95	%	13.81	%	13.72	%	13.13	%
	Leverage	9.11	%	9.07	%	8.94	%	8.73	%	8.85	%

Fifth Third Bank, National Association
	Tier 1 risk-based capital	12.98	%	12.81	%	12.65	%	12.42	%	11.96	%
	Total risk-based capital	14.32	%	14.14	%	13.99	%	13.85	%	13.38	%
	Leverage	9.82	%	9.76	%	9.61	%	9.38	%	9.59	%

(a)Current period regulatory capital data and ratios are estimated.

(b)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.


Fifth Third Bancorp and Subsidiaries
Summary of Credit Loss Experience
$ in millions	For the Three Months Ended
(unaudited)	September		June		March		December		September
	2024		2024		2024		2023		2023
Average portfolio loans and leases:
Commercial and industrial loans	$51,615		$52,357		$53,183		$54,633		$57,001
Commercial mortgage loans	11,488		11,352		11,339		11,338		11,216
Commercial construction loans	5,981		5,917		5,732		5,727		5,539
Commercial leases	2,685		2,575		2,542		2,535		2,616
Total commercial loans and leases	71,769		72,201		72,796		74,233		76,372
Residential mortgage loans	17,031		17,004		16,977		17,129		17,400
Home equity	4,018		3,929		3,933		3,905		3,897
Indirect secured consumer loans	15,680		15,373		15,172		15,129		15,787
Credit card	1,708		1,728		1,773		1,829		1,808
Solar energy installation loans	3,990		3,916		3,794		3,630		3,245
Other consumer loans	2,630		2,740		2,889		3,003		3,121
Total consumer loans	45,057		44,690		44,538		44,625		45,258
Total average portfolio loans and leases	$116,826		$116,891		$117,334		$118,858		$121,630

Losses charged-off:
Commercial and industrial loans	($80)		($83)		($40)		($30)		($70)
Commercial mortgage loans	—		—		—		—		—
Commercial construction loans	—		—		—		—		—
Commercial leases	—		—		—		—		—
Total commercial loans and leases	(80)		(83)		(40)		(30)		(70)
Residential mortgage loans	—		(1)		—		(1)		(1)
Home equity	(1)		(1)		(2)		(2)		(2)
Indirect secured consumer loans	(35)		(31)		(35)		(35)		(27)
Credit card	(21)		(22)		(23)		(22)		(19)
Solar energy installation loans	(16)		(14)		(14)		(11)		(8)
Other consumer loans	(30)		(30)		(32)		(32)		(31)
Total consumer loans	(103)		(99)		(106)		(103)		(88)
Total losses charged-off	($183)		($182)		($146)		($133)		($158)

Recoveries of losses previously charged-off:
Commercial and industrial loans	$8		$3		$5		$2		$5
Commercial mortgage loans	—		—		—		3		—
Commercial construction loans	—		—		—		—		—
Commercial leases	—		—		—		—		1
Total commercial loans and leases	8		3		5		5		6
Residential mortgage loans	1		1		—		1		1
Home equity	1		2		2		2		2
Indirect secured consumer loans	13		14		11		10		8
Credit card	5		5		5		4		4
Solar energy installation loans	2		2		2		1		—
Other consumer loans	11		11		11		14		13
Total consumer loans	33		35		31		32		28
Total recoveries of losses previously charged-off	$41		$38		$36		$37		$34

Net losses charged-off:
Commercial and industrial loans	($72)		($80)		($35)		($28)		($65)
Commercial mortgage loans	—		—		—		3		—
Commercial construction loans	—		—		—		—		—
Commercial leases	—		—		—		—		1
Total commercial loans and leases	(72)		(80)		(35)		(25)		(64)
Residential mortgage loans	1		—		—		—		—
Home equity	—		1		—		—		—
Indirect secured consumer loans	(22)		(17)		(24)		(25)		(19)
Credit card	(16)		(17)		(18)		(18)		(15)
Solar energy installation loans	(14)		(12)		(12)		(10)		(8)
Other consumer loans	(19)		(19)		(21)		(18)		(18)
Total consumer loans	(70)		(64)		(75)		(71)		(60)
Total net losses charged-off	($142)		($144)		($110)		($96)		($124)

Net losses charged-off as a percent of average portfolio loans and leases (annualized):
Commercial and industrial loans	0.55	%	0.61	%	0.27	%	0.20	%	0.45	%
Commercial mortgage loans	—		0.01	%	—		(0.10	%)	—
Commercial construction loans	—		—		—		—		—
Commercial leases	(0.01	%)	(0.01	%)	(0.04	%)	0.01	%	(0.08	%)
Total commercial loans and leases	0.40	%	0.45	%	0.19	%	0.13	%	0.34	%
Residential mortgage loans	(0.02	%)	(0.01	%)	(0.01	%)	(0.01	%)	—
Home equity	(0.02	%)	(0.05	%)	0.03	%	0.05	%	0.03	%
Indirect secured consumer loans	0.54	%	0.46	%	0.64	%	0.64	%	0.47	%
Credit card	3.74	%	3.98	%	4.19	%	3.90	%	3.25	%
Solar energy installation loans	1.44	%	1.25	%	1.31	%	1.09	%	0.91	%
Other consumer loans	3.00	%	2.61	%	2.71	%	2.60	%	2.46	%
Total consumer loans	0.62	%	0.57	%	0.67	%	0.64	%	0.53	%
Total net losses charged-off as a percent of average portfolio loans and leases (annualized)	0.48	%	0.49	%	0.38	%	0.32	%	0.41	%


Fifth Third Bancorp and Subsidiaries
Asset Quality
$ in millions	For the Three Months Ended
(unaudited)	September		June		March		December		September
	2024		2024		2024		2023		2023
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$2,288		$2,318		$2,322		$2,340		$2,327
Total net losses charged-off	(142)		(144)		(110)		(96)		(124)
Provision for loan and lease losses	159		114		106		78		137
Allowance for loan and lease losses, ending	$2,305		$2,288		$2,318		$2,322		$2,340

Reserve for unfunded commitments, beginning	$137		$154		$166		$189		$207
Provision for (benefit from) the reserve for unfunded commitments	1		(17)		(12)		(23)		(18)
Reserve for unfunded commitments, ending	$138		$137		$154		$166		$189

Components of allowance for credit losses:
Allowance for loan and lease losses	$2,305		$2,288		$2,318		$2,322		$2,340
Reserve for unfunded commitments	138		137		154		166		189
Total allowance for credit losses	$2,443		$2,425		$2,472		$2,488		$2,529

	As of
	September		June		March		December		September
	2024		2024		2024		2023		2023
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$255		$234		$332		$304		$262
Commercial mortgage loans	78		38		39		20		18
Commercial construction loans	1		1		1		1		—
Commercial leases	—		1		—		1		1
Residential mortgage loans	131		129		137		124		127
Home equity	67		61		60		57		58
Indirect secured consumer loans	50		36		32		36		31
Credit card	31		31		32		34		32
Solar energy installation loans	64		66		65		60		28
Other consumer loans	9		9		10		12		13
Total nonaccrual portfolio loans and leases	686		606		708		649		570
Repossessed property	11		9		8		10		11
OREO	28		28		27		29		31
Total nonperforming portfolio loans and leases and OREO	725		643		743		688		612
Nonaccrual loans held for sale	8		4		5		1		6
Total nonperforming assets	$733		$647		$748		$689		$618

Loans and leases 90 days past due (accrual):
Commercial and industrial loans	$10		$3		$9		$8		$3
Commercial mortgage loans	3		1		—		—		—

Commercial leases	1		4		2		—		—
Total commercial loans and leases	14		8		11		8		3
Residential mortgage loans(c)	8		8		5		7		6


Credit card	18		17		19		21		20


Total consumer loans	26		25		24		28		26
Total loans and leases 90 days past due (accrual)(b)	$40		$33		$35		$36		$29
Ratios
Net losses charged-off as a percent of average portfolio loans and leases (annualized)	0.48	%	0.49	%	0.38	%	0.32	%	0.41	%
Allowance for credit losses:
As a percent of portfolio loans and leases	2.09	%	2.08	%	2.12	%	2.12	%	2.11	%
As a percent of nonperforming portfolio loans and leases(a)	356	%	400	%	349	%	383	%	443	%
As a percent of nonperforming portfolio assets(a)	337	%	377	%	333	%	362	%	413	%
Nonperforming portfolio loans and leases as a percent of portfolio loans and leases(a)	0.59	%	0.52	%	0.61	%	0.55	%	0.47	%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a)	0.62	%	0.55	%	0.64	%	0.59	%	0.51	%
Nonperforming assets as a percent of total loans and leases, OREO, and repossessed property	0.62	%	0.55	%	0.64	%	0.59	%	0.51	%
(a) Excludes nonaccrual loans held for sale.
(b) Excludes loans held for sale.
(c) Excludes government guaranteed residential mortgage loans.

Use of Non-GAAP Financial Measures

In addition to GAAP measures, management considers various non-GAAP measures when evaluating the performance of the business, including: “net interest income (FTE),” “interest income (FTE),” “net interest margin (FTE),” “net interest rate spread (FTE),” “income before income taxes (FTE),” “tangible net income available to common shareholders,” “average tangible common equity,” “return on average tangible common equity,” “tangible common equity (excluding AOCI),” “tangible common equity (including AOCI),” “tangible equity,” “tangible book value per share,” “tangible book value per share (excluding AOCI),” “adjusted noninterest income,” “noninterest income excluding certain items,” “adjusted noninterest expense,” “noninterest expense excluding certain items,” “pre-provision net revenue,” “adjusted efficiency ratio,” “adjusted return on average common equity,” “adjusted return on average tangible common equity,” “adjusted return on average tangible common equity, excluding accumulated other comprehensive income", “adjusted pre-provision net revenue,” “adjusted return on average assets,” “efficiency ratio (FTE),” “total revenue (FTE),” “noninterest income as a percent of total revenue”, and certain ratios derived from these measures. The Bancorp believes these non-GAAP measures provide useful information to investors because these are among the measures used by the Fifth Third management team to evaluate operating performance and to make day-to-day operating decisions.

The FTE basis adjusts for the tax-favored status of income from certain loans and securities held by the Bancorp that are not taxable for federal income tax purposes. The Bancorp believes this presentation to be the preferred industry measurement of net interest income and net interest margin as it provides a relevant comparison between taxable and non-taxable amounts.

The Bancorp believes tangible net income available to common shareholders, average tangible common equity, tangible common equity (excluding AOCI), tangible common equity (including AOCI), tangible equity, tangible book value per share and return on average tangible common equity are important measures for evaluating the performance of the business without the impacts of intangible items, whether acquired or created internally, in a manner comparable to other companies in the industry who present similar measures.

The Bancorp believes noninterest income, noninterest expense, net interest income, net interest margin, pre-provision net revenue, efficiency ratio, noninterest income as a percent of total revenue, return on average common equity, return on average tangible common equity, and return on average assets are important measures that adjust for significant, unusual, or large transactions that may occur in a reporting period which management does not consider indicative of ongoing financial performance and enhances comparability of results with prior periods.

The Bancorp believes noninterest income excluding certain items and noninterest expense excluding certain items are important measures that adjust for certain components that are prone to significant period-to-period changes in order to facilitate the explanation of variances in the noninterest income and noninterest expense line items.

Management considers various measures when evaluating capital utilization and adequacy, including the tangible equity and tangible common equity (including and excluding AOCI), in addition to capital ratios defined by U.S. banking agencies. These calculations are intended to complement the capital ratios defined by U.S. banking agencies for both absolute and comparative purposes. These ratios are not formally defined by U.S. GAAP or codified in the federal banking regulations and, therefore, are considered to be non-GAAP financial measures. Management believes that providing the tangible common equity ratio excluding AOCI on certain assets and liabilities enables investors and others to assess the Bancorp’s use of equity without the effects of changes in AOCI, some of which are uncertain; providing the tangible common equity ratio including AOCI enables investors and others to assess the Bancorp’s use of equity if components of AOCI, such as unrealized gains or losses, were to be monetized.

Please note that although non-GAAP financial measures provide useful insight, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures.

Please see reconciliations of all historical non-GAAP measures used in this release to the most directly comparable GAAP measures, beginning on the following page.


第五第三银行公司及其子公司
非美国通用会计原则调节
亿美元和百万股份		截至三个月结束时间
(未经审计)		九月		6月		三月		12月		九月
		2024		2024		2024		2023		2023
净利息收入		$1,421		$1,387		$1,384		$1,416		$1,438
添加：应税当量调整		6		6		6		7		7
净利息收益（税收当量）（a）		1,427		1,393		1,390		1,423		1,445

净利息收益（年化）（b）		5,653		5,578		5,566		5,618		5,705
净利息收益（税收当量）（年化）（c）		5,677		5,603		5,591		5,646		5,733

利息收入		2,669		2,620		2,608		2,648		2,529
添加：应税当量调整		6		6		6		7		7
利息收入（FTE）		2,675		2,626		2,614		2,655		2,536
利息收入（FTE）（年化）（d）		10,642		10,562		10,513		10,533		10,061

利息支出（年化）（e）		4,965		4,959		4,923		4,888		4,328
平均利息收入资产（f）		195,836		194,499		195,349		198,166		192,216
平均利息负债（g）		147,092		146,361		146,533		146,507		139,779

净利息收益率（b） / （f）		2.89	%	2.87	%	2.85	%	2.83	%	2.97	%
净利息收益率（FTE）（c） / （f）		2.90	%	2.88	%	2.86	%	2.85	%	2.98	%
净利息收益率差（全职等效税后）（d）/（f） - （e）/（g）		2.05	%	2.04	%	2.02	%	1.97	%	2.13	%

税前收入		$728		$764		$658		$650		$846
加：应税当量调整		6		6		6		7		7
税前收入（全职等效税后）		734		770		664		657		853

净利润可供普通股股东		532		561		480		492		623
加：净无形资产摊销，税后		7		7		8		8		8
有形净利润（普通股东可分享）（h）		539		568		488		500		631
有形净利润（普通股东可分享）（年化）（i）		2,144		2,284		1,963		1,984		2,503

平均银行股东’股东权益		20,251		18,707		18,727		17,201		17,305
减去：	普通股平均市值	(2,116)		(2,116)		(2,116)		(2,116)		(2,116)
	平均商誉	(4,918)		(4,918)		(4,918)		(4,919)		(4,919)
	平均无形资产	(103)		(111)		(121)		(130)		(141)
平均有形普通股权，包括AOCI (j)		13,114		11,562		11,572		10,036		10,129
减：	平均不实现利润净额的其他综合收益	3,914		5,278		4,938		6,244		5,835
平均有形普通股权益，不包括AOCI（K）		17,028		16,840		16,510		16,280		15,964

银行股东总数’股东权益		20,784		19,226		19,018		19,172		16,544
减：	优先股	(2,116)		(2,116)		(2,116)		(2,116)		(2,116)
	商誉	(4,918)		(4,918)		(4,918)		(4,919)		(4,919)
	无形资产	(98)		(107)		(115)		(125)		(136)
有形公共股本，包括AOCI (l)		13,652		12,085		11,869		12,012		9,373
减：	未实现其他综合收益	3,446		4,901		4,888		4,487		6,839
有形公共股本，不包括AOCI (m)		17,098		16,986		16,757		16,499		16,212
添加：	优先股	2,116		2,116		2,116		2,116		2,116
有形权益 (n)		19,214		19,102		18,873		18,615		18,328

总资产		214,318		213,262		214,506		214,574		212,967
减：	商誉	(4,918)		(4,918)		(4,918)		(4,919)		(4,919)
	无形资产	(98)		(107)		(115)		(125)		(136)
有形资产，包括AOCI（o）		209,302		208,237		209,473		209,530		207,912
减：	AOCI，税前	4,362		6,204		6,187		5,680		8,657
有形资产，不包括AOCI（p）		$213,664		$214,441		$215,660		$215,210		$216,569

普通股份流通（q）		676		681		684		681		681

有形股东权益（n）/(p）		8.99	%	8.91	%	8.75	%	8.65	%	8.46	%
有形普通股股东权益（不包括AOCI）（m）/(p）		8.00	%	7.92	%	7.77	%	7.67	%	7.49	%
有形普通股股东权益（包括AOCI）（l）/(o）		6.52	%	5.80	%	5.67	%	5.73	%	4.51	%
每股有形账面价值（包括AOCI）（l）/(q）		$20.20		$17.75		$17.35		$17.64		$13.76
每股有形账面价值（不包括AOCI）（m）/(q）		$25.29		$24.94		$24.50		$24.23		$23.81


第五第三银行及其子公司
非美国通用会计原则调节
单位：百万美元		截至三个月的时间
(未经审计)		九月		6月		九月
		2024		2024		2023
净利润 (r)		$573		$601		$660
净利润 (年化) (s)		2,280		2,417		2,618

调整项目 (税前项目)
	Visa总回报掉期估值	47		23		10
	万事达诉讼	10		—		—
	法律和赔偿解决	—		18		—
	重组补偿支出	9		—		—
	FDIC特别评估	—		6		—


调整后税收(t)(a) (b)		51		37		8









净利息收入(FTE)(u)		1,427		1,393		1,445
	法律和赔偿解决	—		5		—
调整后的净利息收入(FTE)(v)		1,427		1,398		1,445

调整后的净利息收入(FTE)(年化)(w)		5,677		5,623		5,733

非利息收入(x)		711		695		715
	Visa总回报掉期估值	47		23		10
	法律和赔偿解决	—		2		—
调整后的非利息收入 (y)		758		720		725

非利息支出 (z)		1,244		1,221		1,188
	万事达诉讼	(10)		—		—
	重组补偿支出	(9)		—		—
	法律和赔偿解决	—		(11)
	FDIC特别评估	—		(6)		—
调整后的非利息支出 (aa)		1,225		1,204		1,188



调整后的净利润（r）+（t）		624		638		668
调整后的净利润（年化）（ab）		2,482		2,566		2,650

调整后的实际可供普通股股东使用的净资产收入（h）+（t）		590		605		639
调整后的实际可供普通股股东使用的净资产收入（年化）（ac）		2,347		2,433		2,535

平均资产（ad）		$213,838		$212,475		$208,385

平均实际普通股股东权益回报率（i）/（j）		16.3	%	19.8	%	24.7	%
不含AOCI的平均实际普通股股东权益回报率（i）/（k）		12.6	%	13.6	%	15.7	%
调整后的平均实际普通股股东权益回报率，包括AOCI（ac）/（j）		17.9	%	21.0	%	25.0	%
调整后的平均有形普通股权益净收益率，不包括AOCI（ac）/（k）		13.8	%	14.4	%	15.9	%

资产平均回报率（s）/（ad）		1.06	%	1.14	%	1.26	%
调整后的资产平均回报率（ab）/（ad）		1.16	%	1.21	%	1.27	%
效率比率（FTE）（z）/ [(u) + (x)]		58.2	%	58.5	%	55.0	%
调整后的效率比率（aa）/ [(v) + (y)]		56.1	%	56.8	%	54.7	%
净利息收益率（FTE）（c）/（f）		2.90	%	2.88	%	2.98	%
调整后的净利息收益率（FTE）（w）/（f）		2.90	%	2.89	%	2.98	%
总营业收入（FTE）（u）+（x）		$2,138		$2,088		$2,160
调整后总收入（全职等效）（净利息收益率）（v）+（y）		$2,185		$2,118		$2,170
税前净营业收入（PPNR）（净利息收益率）（u）+（x）-（z）		$894		$867		$972
调整后税前净营业收入（PPNR）（净利息收益率）（v）+（y）-（aa）		$960		$914		$982
由于四舍五入可能导致总数不匹配。
（a）假定税率为23%。
（b）相关法律和规范修正的部分调整是不可抵扣税费的。


第五第三银行及其子公司
分段呈现(b)
单位：百万美元
(未经审计)

截至2024年9月30日三个月的数据	商业银行	消费者和小型企业银行业务	财富和资产管理	普通公司和其他	总费用

净利息收益率（全职当量）(a)	$673	$1,031	$50	$(327)	$1,427
拨备	(76)	(78)	—	(6)	(160)
经计提信贷损失后的净利息收入	597	953	50	(333)	1,267
非利息收入	357	280	99	(25)	711
非利息支出	(470)	(604)	(95)	(75)	(1,244)
税前收益（亏损）	484	629	54	(433)	734
适用所得税（费用）收益(a)	(91)	(132)	(12)	74	(161)
	$393	$497	$42	$(359)	$573

截至2024年6月30日三个月的报告增长和货币不变增长 (同比)	商业银行	消费者和小型企业银行业务	财富和资产管理	总公司和其他	总费用

净利息收益率（全职当量）(a)	$660	$1,055	$54	$(376)	$1,393
(为)信贷损失提供的利益	(137)	(70)	—	110	(97)
经过(为)信贷损失提供的利益后的净利息收入	523	985	54	(266)	1,296
非利息收入	323	272	98	2	695
非利息支出	(457)	(626)	(93)	(45)	(1,221)
税前收益（亏损）	389	631	59	(309)	770
适用所得税（费用）效益(a)	(69)	(132)	(12)	44	(169)
	$320	$499	$47	$(265)	$601

截至2024年3月31日的三个月	商业银行	消费者和小型企业银行业务	财富和资产管理	一般企业和其他	总费用

净利息收益率（全职当量）(a)	$690	$1,125	$59	$(484)	$1,390
（信用损失）受益准备金	(71)	(84)	—	61	(94)
净利息收入（信用损失受益准备金后）	619	1,041	59	(423)	1,296
非利息收入	326	266	102	16	710
非利息支出	(501)	(639)	(103)	(99)	(1,342)
税前收益（亏损）	444	668	58	(506)	664
适用所得税（费用）效益(a)	(75)	(141)	(12)	84	(144)
	$369	$527	$46	$(422)	$520

截至2023年12月31日三个月的情况	商业银行	消费者和小型企业银行业务	财富以及资产管理	一般企业事务和其他	总费用

净利息收益率（全职当量）(a)	$812	$1,190	$66	$(645)	$1,423
（计提的）信贷损失受益	25	(81)	—	1	(55)
净息收入扣除（计提的）信贷损失受益	837	1,109	66	(644)	1,368
非利息收入	332	284	91	37	744
非利息支出	(488)	(614)	(90)	(263)	(1,455)
税前收益（亏损）	681	779	67	(870)	657
适用所得税（费用）效益(a)	(129)	(164)	(15)	181	(127)
	$552	$615	$52	$(689)	$530

截至2023年9月30日三个月的财报	商业银行	消费者和小企业银行业务	财富和资产管理	一般企业和其他	总费用

净利息收益率（全职当量）(a)	$1,012	$1,390	$98	$(1,055)	$1,445
拨备	—	(105)	(1)	(13)	(119)
经计提信贷损失后的净利息收入	1,012	1,285	97	(1,068)	1,326
非利息收入	353	274	94	(6)	715
非利息支出	(478)	(624)	(90)	4	(1,188)
税前收益（亏损）	887	935	101	(1,070)	853
适用所得税（费用）收益(a)	(169)	(196)	(22)	194	(193)
	$718	$739	$79	$(876)	$660
(a) 包括税前利润调整 $600万截至2024年9月30日、2024年6月30日和2024年3月31日的三个月份$6百万，截至2023年12月31日和2023年9月30日的三个月份$700万。
(b) 在2024年第一季度，银行取消了财富与资产管理、消费者和小企业银行之间的某些营收分享协议。之前期间的结果已经调整以反映当前报告。