Document

EX-99.1 2 q32024earningsrelease.htm EX-99.1 Document

fifth third bancorp報告2024年第三季每股稀釋收益為0.78美元

費用收入增長和抗壓的資產負債表帶來了另一個強勁回報的季度

報告的結果顯示，第2頁某些項目造成了負面$0.07的影響。



主要財務數據							重點摘要

所有資產負債表和損益表項目的金額均以百萬美元為單位
	3Q24		2Q24		3Q23		穩定性： •由於固定利率貸款組合的重新定價效益和存款成本的趨緩，凈利息收益和凈利息收益率連續增長 •強勁的盈利能力導致核心一級資本比率上升至10.75%，同時執行20000萬美元的股份回購，將普通股股息提高6% •貸款與核心存款比率為71% 盈利能力： •支出管理有秩序；效率比率(a) 為58.2％；調整後的效率比率(a) 為56.1％，按季度逐步提高70個基點 •利息融資成本比例從2Q24下降1個基點增長： •由戰略投資推動的強勁費用表現。與3Q23相比： •財富資產管理營收增長12% •商業付款收入增長10% •資本市場費用增加了9% •與2023年第三季度相比，消費戶成長率增加了3%

損益表數據
可供普通股股東分配的凈利潤	$532		$561		$623
凈利息收益（依照美國通用會計準則）	1,421		1,387		1,438
凈利息收益（全用戶淨收益）(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，稀釋	0.78		0.81		0.91
每股凈值	27.60		25.13		21.19
每股有形賬面價值(a)	20.20		17.75		13.76

資產負債表與信貸品質
平均組合貸款和租賃	$116,826		$116,891		$121,630
平均存款	167,196		167,194		165,644
累積其他全面損失	(3,446)		(4,901)		(6,839)
凈核銷比率(b)	0.48	%	0.49	%	0.41	%
不良資產比率(c)	0.62		0.55		0.51

Financial Ratios
平均資產報酬率	1.06	%	1.14	%	1.26	%
普通股平均權益回報率	11.7		13.6		16.3
平均有形普通股權益報酬率(a)	16.3		19.8		24.7
CET1 資本(d)(e)	10.75		10.62		9.80
凈利息收益率(a)	2.90		2.88		2.98
效率(a)	58.2		58.5		55.0
除第14頁開始的季度財務檢討表以外，評論均以完全應稅等效（FTE）基礎說明，除非另有註明。與證券交易委員會在S-K法規中的指導一致，該指南考慮了以應稅等效基礎計算免稅收入，凈利息收入，凈利息收益率，凈利息差額，總收入和效率比率均以FTE基礎提供。

由第五第銀行董事長、首席執行官和總裁Tim Spence發來：

第五第銀行取得另一個季度強勁和穩定表現，這得益於我們強勁的平衡表，多元化和持續增長的營業收入，以及紀律的費用管理。憑藉我們強大的核心存款業務和流動性，我們在面對經濟和監管不確定性帶來的利率下降和波動時處於良好位置。

我們的戰略增長重點持續帶來良好成果。在東南部，我們正在擴展至高增長市場，存款在過去一年增長了16%。我們的財富資產管理業務創下歷史收入紀錄，管理資產年度增長率達21％，達到690億美元。我們的商業支付營收與去年同期相比增長了10％，Newline將行業領袖納入其客戶群。

我們在過去一年中通過強勁穩定的資本回報率，成功提高我們的普通股股息6％，進行了20000萬美元的股票回購，並增加了每股有形賬面價值（扣除AOCI）6％。

我們堅持穩定、盈利和增長的引導原則，依次為股東創造長期、可持續的價值。

投資者聯繫人：Matt Curoe（513）534-2345 | 媒體聯繫人：Jennifer Hendricks Sullivan（614）744-7693 2024年10月18日


Income Statement Highlights
（以百萬美元為單位，每股數據除外）	截至三個月結束			變化百分比 %
	九月	六月	九月
	2024	2024	2023	Seq	年年
簡明綜合損益表
淨利息收入（NII）(a)	$1,427	$1,393	$1,445	2%	(1)%
信用損失準備	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%
稅前收入(a)	$734	$770	$853	(5)%	(14)%

效率比率（全職等效人數）（非公認會計原則）	$6	$6	$7	—	(14)%
適用所得稅費用	155	163	186	(5)%	(17)%
凈利潤	$573	$601	$660	(5)%	(13)%
優先股股息	41	40	37	3%	11%
可供普通股股東分配的凈利潤	$532	$561	$623	(5)%	(15)%
每股收益，稀釋	$0.78	$0.81	$0.91	(4)%	(14)%

第五屆第三銀行（納斯達克）®：FITB）今天報告 2024 年第三季淨利潤為 573 億美元，而上季度淨收入為 6.600 億美元和去年同期的 660 億美元。當前季度普通股東可用的淨收入為 5.32 億美元，或每股稀釋 0.78 美元，而上一季度為 5.61 億美元或每股稀釋 0.81 美元和去年同期為 623 億美元，或每股稀釋 0.91 美元。

特定項目的稀釋每股盈利影響-3Q24

（稅後影響(f); 以百萬美金為單位，每股數據除外

重組遣散費用

$(7)

互換訴訟事宜

Visa 總回報掉期估值（非利息收入）

$(36)

萬事達訴訟（非利息支出）

(8)

小計

(44)

稅後影響(f) 特定項目的影響

$(51)

特定項目的稀釋每股盈利影響1

$(0.07)

合計數因四捨五入而有所出入； 1稀釋每股盈利反映68610.9萬的平均稀釋股份


淨利息收入
（FTE；金額單位為百萬美元）(a)	截至三個月結束						變化百分比 %
	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%
利息費用	1,248		1,233		1,091		1%	14%
淨利息收益	$1,427		$1,393		$1,445		2%	(1)%
不包括特定項目的淨利息收益(a)	$1,427		$1,398		$1,445		2%	(1)%

平均收益率/利率分析							基本點變動
利息賺取資產的收益率	5.43	%	5.43	%	5.23	%	—	20
利息負債支付率	3.38	%	3.39	%	3.10	%	(1)	28

比率
凈利息利差	2.05	%	2.04	%	2.13	%	1	(8)
凈利息收益率 (NIM)	2.90	%	2.88	%	2.98	%	2	(8)
除去某些項目後的NIM(a)	2.90	%	2.89	%	2.98	%	1	(8)

與上一季度相比，淨利息收入增加3400萬美元。在剔除與客戶修正相關的500萬美元減少後，淨利息收入增加了2900萬美元，增幅為2％，主要反映了較高的貸款收益率、更高的日計數帶來的收益以及較低的批發資金成本，部分抵消了較低的平均商業貸款餘額。與上一季度相比，淨利息收益率增加了2個基點。在排除前一季度前述客戶修正的情況後，淨利息收益率增加了1個基點，主要反映了固定利率貸款組合的再定價效益帶來的較高貸款收益率，部分抵消了現金餘額增加的影響。淨利息收益率的結果仍受到在當前環境中保持高度流動性的決定的影響，在季末，現金和其他短期投資合計約250億美元。

與去年同期相比，淨利息收入減少1800萬美元，或1%，反映了風險加權資產的減少使得平均貸款減少了4%，存款結構從活期存款轉向高成本、利息-人形機器人-軸承帳戶的影響，部分抵消了較高的貸款收益。與去年同期相比，淨投資收益率下降了8個點子，反映了較高市場利率的淨影響及其對存款定價的影響以及決定持有額外現金的影響，部分抵消了貸款收益的增加。


非利息收入
（單位：百萬美元）	截至三個月的時間			百分比變動
	九月	6月	九月
	2024	2024	2023	Seq	同比增長
非利息收入
存款服務費	$161	$156	$149	3%	8%
商業銀行營業收入	163	144	154	13%	6%
抵押銀行淨營業收入	50	50	57	—	(12)%
財富和資產管理收入	163	159	145	3%	12%
卡片和處理營業收入	106	108	104	(2)%	2%
租賃業務營業收入	43	38	58	13%	(26)%
其他非利息收入	15	37	55	(59)%	(73)%
證券利得（損失）淨額	10	3	(7)	233%	未出現數據


非利息收入總額	$711	$695	$715	2%	(1)%

報告的非利息收入較上一季度增加1600萬美元，增長2%，較去年同期減少400萬美元，下降1%。報告的結果反映了下表中的某些項目的影響，包括Visa股票總回報掉期估值和證券收益/損失的市值調整，其中包括與非符合資格遞延薪酬計劃相關證券的市值調整，在非利息支出中得到了更大程度的抵消。


不包括特定項目的非利息收入
（單位：百萬美元）	截至三個月的時間
	九月	6月	九月	百分比變動
	2024	2024	2023	Seq	同比增長
不包括某些項目的非利息收入
非利息收入（美國通用會計原則）	$711	$695	$715
Visa總回報掉期估值	47	23	10
法律和賠償解決	—	2	—
證券（收益）損失，淨額	(10)	(3)	7
不包括某些項目的非利息收入(a)	$748	$717	$732	4%	2%

非利息收入（不包括特定項目）較上一季度增加了3100萬美元，增長了4%，較去年同期季度增加了1600萬美元，增長了2%。

與上一季度相比，存款服務費增加了500萬美元，增長了3%，主要反映了消費者存款費用和商業支付收入的增加。商業銀行收入增加了1900萬美元，增長了13%，主要反映了公司債券費用和機構券商收入的增加，部分抵消了客戶金融風險管理收入的減少。財富和資產管理收入增加了400萬美元，增長了3%，主要受個人資產管理收入和券商費用增加的推動。卡片和處理收入減少了200萬美元，減少了2%，主要受互換收入減少的影響。租賃業務收入增加了500萬美元，增長了13%，主要受租賃再營銷收入增加的推動。

與去年同期相比，存款服務費增加了1200萬美元，或8%，主要反映了商業支付收入的增加。商業銀行營業收入增加了900萬美元，或6%，主要反映了公司債券費用的增加，部分抵消了客戶金融風險管理收入的減少。按揭銀行淨收入減少了700萬美元，或12%，主要反映了MSR淨估值調整和按揭服務收入的減少。財富和資產管理收入增加了1800萬美元，或12%，主要反映了個人資產管理收入和券商佣金的增加。租賃業務收入減少了1500萬美元，或26%，主要反映了營業租賃收入的減少。


非利息費用
（單位：百萬美元）	截至三個月的時間			百分比變動
	九月	6月	九月
	2024	2024	2023	Seq	同比增長
非利息費用
薪酬和福利	$690	$656	$629	5%	10%
淨佔用費用	81	83	84	(2)%	(4)%
技術和通信	121	114	115	6%	5%
設備費用	38	38	37	—	3%
卡片和處理費用	22	21	21	5%	5%
租賃業務費用	21	22	29	(5)%	(28)%
營銷費用	26	34	35	(24)%	(26)%
其他非利息費用	245	253	238	(3)%	3%
總非利息支出	$1,244	$1,221	$1,188	2%	5%

報告的非利息支出從上一季度增加了$2300萬，增長了2%，與去年同期相比增加了$5600萬，增長了5%。報告的結果反映了表格中某些項目的影響。


不含特定項目的非利息支出
（單位：百萬美元）	截至三個月的時間			百分比變動
	九月	6月	九月
	2024	2024	2023	Seq	同比增長
非利息支出，不包括某些項目
非利息支出（美國通用會計準則）	$1,244	$1,221	$1,188
萬事達訴訟	(10)	—	—
重組補償支出	(9)	—	—
法律和賠償解決	—	(11)	—
FDIC特別評估	—	(6)	—
非利息支出，不包括某些項目(a)	$1,225	$1,204	$1,188	2%	3%

與上一季度相比，不計利息支出除特定項目外增加了2100萬美元，或2%，主要反映出由於較高的收費收入導致的業績獎勵支出增加，部分抵消了營銷費用的減少。本季度的非利息支出包括1200萬美元的支出，與上一季度相比，相關於非合格延期補償的公允價值計算，兩者在非利息收入中的淨證券收益中基本抵消。

與去年同期相比，不包括特定項目在內的非利息支出增加了3700萬美元，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，部分抵消了營銷支出和租賃業務支出的減少。去年同期包括一項與非合格遞延補償按市場價計價相關的500萬美元利益，該利益在通過非利息收入進行淨證券虧損的情況下基本得到抵消。


平均利息資產
（單位：百萬美元）	截至三個月的時間			百分比變動
	九月	6月	九月
	2024	2024	2023	Seq	同比增長
平均投資組合貸款和租賃
商業貸款和租賃：
商業和工業貸款	$51,615	$52,357	$57,001	(1)%	(9)%
商用抵押貸款	11,488	11,352	11,216	1%	2%
商業建築貸款	5,981	5,917	5,539	1%	8%
商業租賃	2,685	2,575	2,616	4%	3%
商業貸款和租賃總額	$71,769	$72,201	$76,372	(1)%	(6)%
消費貸款：
住房抵押貸款	$17,031	$17,004	$17,400	—	(2)%
家庭淨值	4,018	3,929	3,897	2%	3%
間接擔保消費者貸款	15,680	15,373	15,787	2%	(1)%
信用卡	1,708	1,728	1,808	(1)%	(6)%
太陽能安裝貸款	3,990	3,916	3,245	2%	23%
其他消費貸款	2,630	2,740	3,121	(4)%	(16)%
消費者貸款總額	$45,057	$44,690	$45,258	1%	—
總的平均投資組合貸款和租賃	$116,826	$116,891	$121,630	—	(4)%

持有待售貸款和租賃的平均額
商業貸款和租賃持有待售	$16	$33	$17	(52)%	(6)%
消費貸款持有待售	573	359	619	60%	(7)%
總的平均貸款和租賃持有待售	$589	$392	$636	50%	(7)%

總的平均貸款和租賃	$117,415	$117,283	$122,266	—	(4)%

債券（應稅和免稅）	$56,707	$56,607	$56,994	—	(1)%
其他短期投資	21,714	20,609	12,956	5%	68%
總平均收息資產	$195,836	$194,499	$192,216	1%	2%

與上季度相比，總平均投資組合貸款和租賃保持穩定。商業投資組合貸款和租賃平均下降1％，主要反映了商業和工業貸款的減少，部分抵消了商業抵押貸款的增加。消費者投資組合貸款平均增加1％，主要反映了間接擔保消費者貸款、家庭淨值餘額和太陽能能源安裝貸款的增加，部分抵消了其他消費貸款的減少。

與去年同期相比，總平均投資組合貸款和租賃額減少了4%。商業投資組合貸款和租賃平均減少了6%，主要反映了商業和工業貸款的減少。消費者投資組合貸款平均穩定，主要反映了其他消費貸款和住房按揭貸款的減少，抵消了太陽能安裝貸款和家庭資產貸款餘額的增加。

本季度的平均證券（應稅和免稅；攤銷成本）爲570億美元，與上一季度相比保持穩定，與去年同期相比下降1%。本季度的其他平均短期投資（包括利息收入）爲220億美元，與上一季度相比增長5%，與去年同期相比增長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和附屬公司
合併資產負債表
百萬美元，除每股數據外，其他均爲百萬美元	截至			百分比變動
(未經審計)	九月	6月	九月
	2024	2024	2023	Seq		同比增長
資產
現金和存放在銀行的款項	$3,215	$2,837	$2,837	13%		13%
其他短期投資	21,729	21,085	18,923	3%		15%
可供出售債務和其他證券(a)	40,396	38,986	47,893	4%		(16%)
持有至到期日的證券(b)	11,358	11,443	2	(1%)		未出現數據
交易債務證券	1,176	1,132	1,222	4%		(4%)
股票投資	428	476	250	(10%)		71%
持有待售貸款和租賃融資	612	537	614	14%		—
投資組合貸款和租賃:
商業和工業貸款	50,916	51,840	55,790	(2%)		(9%)
商業抵押貸款	11,394	11,429	11,122	—		2%
商業施工貸款	5,947	5,806	5,582	2%		7%
商業租賃	2,873	2,708	2,624	6%		9%
商業貸款和租賃總額	71,130	71,783	75,118	(1%)		(5%)
住房抵押貸款	17,166	17,040	17,293	1%		(1%)
家庭房產	4,074	3,969	3,898	3%		5%
間接擔保消費者貸款	15,942	15,442	15,434	3%		3%
信用卡	1,703	1,733	1,817	(2%)		(6%)
太陽能安裝貸款	4,078	3,951	3,383	3%		21%
其他消費者貸款	2,575	2,661	3,145	(3%)		(18%)
消費者貸款總額	45,538	44,796	44,970	2%		1%
投資組合貸款和租賃	116,668	116,579	120,088	—		(3%)
貸款和租賃損失撥備	(2,305)	(2,288)	(2,340)	1%		(1%)
投資組合貸款和租賃淨額	114,363	114,291	117,748	—		(3%)
銀行場地和設備	2,425	2,389	2,303	2%		5%
經營租賃設備	357	392	480	(9%)		(26%)
商譽	4,918	4,918	4,919	—		—
無形資產	98	107	136	(8%)		(28%)
服務權	1,656	1,731	1,822	(4%)		(9%)
其他	11,587	12,938	13,818	(10%)		(16%)
總資產	$214,318	$213,262	$212,967	—		1%

負債
存款：
需求	$41,393	$40,617	$43,844	2%		(6%)
利息支票	58,572	57,390	53,421	2%		10%
儲蓄	16,990	17,419	20,195	(2%)		(16%)
貨幣市場	37,482	36,259	33,492	3%		12%
外交部	155	119	168	30%		(8%)
資產小於$250,000的CDs	10,480	10,882	10,306	(4%)		2%
資產超過$250,000的CDs	3,268	4,082	6,246	(20%)		(48%)
存款總額	168,340	166,768	167,672	1%		—
聯邦基金購買	169	194	205	(13%)		(18%)
其他短期借款	1,424	3,370	4,594	(58%)		(69%)
應計稅款、利息和費用	2,034	2,040	1,834	—		11%
其他負債	4,471	5,371	5,808	(17%)		(23%)
長期債務	17,096	16,293	16,310	5%		5%
總負債	193,534	194,036	196,423	—		(1%)
股權
(c)	2,051	2,051	2,051	—		—
優先股	2,116	2,116	2,116	—		—
資本剩餘	3,784	3,764	3,733	1%		1%
保留盈餘	23,820	23,542	22,747	1%		5%
累計其他綜合損失	(3,446)	(4,901)	(6,839)	(30%)		(50%)
自家保管的股票	(7,541)	(7,346)	(7,264)	3%		4%
總股本	20,784	19,226	16,544	8%		26%
總負債和股權	$214,318	$213,262	$212,967	—		1%
(a) 分期支付成本	$43,754	$43,596	$55,557	—		(21%)
(b) 市場價值	11,554	11,187	2	3	%	未出現數據
(c) 普通股，每股面值2.22美元（以千爲單位）：
已授權	2,000,000	2,000,000	2,000,000	—		—
未包括國庫，卓越	676,269	680,789	680,990	—		—
國庫	247,624	243,103	242,903	2	%	—


fifth third bancorp 及其附屬公司
合併資產負債表
百萬美元，除每股數據外，其他均爲百萬美元	截至
(未經審計)	九月	6月	三月	12月	九月
	2024	2024	2024	2023	2023
資產
現金和存放在銀行的款項	$3,215	$2,837	$2,796	$3,142	$2,837
其他短期投資	21,729	21,085	22,840	22,082	18,923
可供出售債務和其他證券(a)	40,396	38,986	38,791	50,419	47,893
持有至到期日的證券(b)	11,358	11,443	11,520	2	2
交易債務證券	1,176	1,132	1,151	899	1,222
股票投資	428	476	380	613	250
持有待售貸款和租賃融資	612	537	339	378	614
投資組合貸款和租賃:
商業和工業貸款	50,916	51,840	52,209	53,270	55,790
商業抵押貸款	11,394	11,429	11,346	11,276	11,122
商業施工貸款	5,947	5,806	5,789	5,621	5,582
商業租賃	2,873	2,708	2,572	2,579	2,624
商業貸款和租賃總額	71,130	71,783	71,916	72,746	75,118
住房抵押貸款	17,166	17,040	16,995	17,026	17,293
家庭房產	4,074	3,969	3,883	3,916	3,898
間接擔保的消費者貸款	15,942	15,442	15,306	14,965	15,434
信用卡	1,703	1,733	1,737	1,865	1,817
太陽能安裝貸款	4,078	3,951	3,871	3,728	3,383
其他消費者貸款	2,575	2,661	2,777	2,988	3,145
消費者貸款總額	45,538	44,796	44,569	44,488	44,970
投資組合貸款和租賃	116,668	116,579	116,485	117,234	120,088
貸款和租賃損失撥備	(2,305)	(2,288)	(2,318)	(2,322)	(2,340)
投資組合貸款和租賃淨額	114,363	114,291	114,167	114,912	117,748
銀行場地和設備	2,425	2,389	2,376	2,349	2,303
營業租賃設備	357	392	427	459	480
商譽	4,918	4,918	4,918	4,919	4,919
無形資產	98	107	115	125	136
服務權	1,656	1,731	1,756	1,737	1,822
其他	11,587	12,938	12,930	12,538	13,818
總資產	$214,318	$213,262	$214,506	$214,574	$212,967

負債
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
儲蓄	16,990	17,419	18,229	18,215	20,195
貨幣市場	37,482	36,259	35,025	34,374	33,492
海外辦事處	155	119	129	162	168
25萬美元或更少的存款	10,480	10,882	10,337	10,552	10,306
超過25萬美元的存款	3,268	4,082	5,209	5,206	6,246
存款總額	168,340	166,768	169,587	168,912	167,672
聯邦基金購買	169	194	247	193	205
其他短期借款	1,424	3,370	2,866	2,861	4,594
應計稅款、利息和費用	2,034	2,040	1,965	2,195	1,834
其他負債	4,471	5,371	5,379	4,861	5,808
長期債務	17,096	16,293	15,444	16,380	16,310
總負債	193,534	194,036	195,488	195,402	196,423
股權
(c)	2,051	2,051	2,051	2,051	2,051
優先股	2,116	2,116	2,116	2,116	2,116
資本剩餘	3,784	3,764	3,742	3,757	3,733
保留盈餘	23,820	23,542	23,224	22,997	22,747
累計其他綜合損失	(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)
總股本	20,784	19,226	19,018	19,172	16,544
總負債和股權	$214,318	$213,262	$214,506	$214,574	$212,967
(a) 分期攤銷成本	$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（以千計）：
已授權	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000
未包括庫藏的未流通	676,269	680,789	683,812	681,125	680,990
國庫	247,624	243,103	240,080	242,768	242,903


fifth third bancorp及其子公司
股東權益變動表
單位：百萬美元
(未經審計)
			截至三個月的時間		本年度至今
			九月	九月	九月	九月
			2024	2023	2024	2023
期初總權益			$19,226	$17,809	$19,172	$17,327
會計原則變更累積影響			—	—	(10)	37
淨收入			573	660	1,694	1,819
其他綜合收益(損失), 淨額(稅後):
未實現損失變動：
		可供出售債務證券	937	(1,218)	760	(1,251)
		符合條件的現金流量套期交易	489	(455)	202	(479)
將證券攤銷未實現損失轉移至持有到到期日			26	—	76	—
與員工福利計劃相關的其他綜合收入累計變動			1	—	1	1
其他			2	—	2	—
綜合收益（損失）			2,028	(1,013)	2,735	90
現金分紅宣佈:
			(254)	(242)	(740)	(698)
	優先股		(41)	(37)	(121)	(100)
股票補償計劃下股票交易的影響，淨額			27	27	75	89
爲庫藏而取得的股份			(202)	—	(327)	(201)

股本總額，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
平均資產負債表和收益率分析	截至三個月的時間
單位：百萬美元	九月			6月			九月
(未經審計)	2024			2024			2023
	平均數	平均數		平均數	平均數		平均數	平均數
	餘額	收益率/利率		餘額	收益率/利率		餘額	收益率/利率
資產
計息資產：
貸款和租賃業務：
商業和工業貸款(a)	$51,630	7.15	%	$52,389	7.13	%	$57,015	7.00	%
商業抵押貸款(a)	11,488	6.26	%	11,353	6.26	%	11,216	6.12	%
商業施工貸款(a)	5,982	7.14	%	5,917	7.14	%	5,540	6.93	%
商業租賃(a)	2,686	4.53	%	2,576	4.33	%	2,618	3.75	%
商業貸款和租賃總額	71,786	6.91	%	72,235	6.90	%	76,389	6.75	%
住房抵押貸款	17,604	3.71	%	17,363	3.66	%	18,019	3.52	%
家庭房產	4,018	8.40	%	3,929	8.37	%	3,897	8.17	%
間接保證消費者貸款	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	%
太陽能安裝貸款	3,990	8.12	%	3,916	8.35	%	3,245	6.42	%
其他消費貸款	2,629	9.37	%	2,739	9.17	%	3,121	8.93	%
消費者貸款總額	45,629	5.81	%	45,048	5.69	%	45,877	5.22	%
貸款和租賃總額	117,415	6.48	%	117,283	6.43	%	122,266	6.18	%
證券:
應稅證券	55,329	3.25	%	55,241	3.27	%	55,519	3.10	%
免稅證券(a)	1,378	3.30	%	1,366	3.27	%	1,475	3.21	%
其他短期投資	21,714	5.47	%	20,609	5.67	%	12,956	5.69	%
利息收入資產總額	195,836	5.43	%	194,499	5.43	%	192,216	5.23	%
現金和存放在銀行的款項	2,664			2,637			2,576
其他	17,626			17,656			15,920
貸款和租賃損失撥備	(2,288)			(2,317)			(2,327)
總資產	$213,838			$212,475			$208,385

負債
利息負債：
利息支票存款	$58,441	3.38	%	$57,999	3.39	%	$53,109	3.18	%
儲蓄存款	17,272	0.71	%	17,747	0.67	%	20,511	0.89	%
貨幣市場存款	37,257	3.06	%	35,511	3.00	%	32,072	2.50	%
外幣辦事處存款	164	1.97	%	157	2.11	%	168	1.72	%
CDs 25萬美元或更少	10,543	4.07	%	10,767	4.22	%	9,630	3.97	%
總計利息負擔核心存款	123,677	2.97	%	122,181	2.95	%	115,490	2.65	%
CDs 超過25萬美元	3,499	5.08	%	4,747	5.16	%	5,926	4.91	%

利息負債總額	127,176	3.03	%	126,928	3.04	%	121,416	2.76	%
聯邦基金購入	176	5.34	%	230	5.41	%	181	5.31	%
證券質押式回購出售	396	2.36	%	373	1.97	%	352	1.46	%
fhlb預支款	2,576	5.59	%	3,165	5.71	%	3,726	5.26	%
衍生品擔保和其他擔保借款	52	14.76	%	54	6.87	%	48	7.82	%
長期債務	16,716	5.65	%	15,611	5.78	%	14,056	5.46	%
總計計息負債	147,092	3.38	%	146,361	3.39	%	139,779	3.10	%
活期存款	40,020			40,266			44,228
其他負債	6,475			7,141			7,073
總負債	193,587			193,768			191,080
總股本	20,251			18,707			17,305
總負債和股權	$213,838			$212,475			$208,385
比率：
淨利息收益率（FTE）(b)		2.90	%		2.88	%		2.98	%
淨利息利差（FTE）(b)		2.05	%		2.04	%		2.13	%
利息支出負債與利息收入資產比率		75.11	%		75.25	%		72.72	%
（a）這些資產的平均收益/利率以FTE基礎呈現。
（b）非GAAP衡量標準；請參閱有關非GAAP衡量標準的討論和調解，從第一頁開始。年齡27歲。


fifth third bancorp及其子公司
平均資產負債表和收益率/利率分析	本年度至今
單位：百萬美元	九月			九月
(未經審計)	2024			2023
	平均數	平均數		平均數	平均數
	餘額	收益率/利率		餘額	收益率/利率
資產
計息資產：
貸款和租賃業務：
商業和工業貸款(a)	$52,423	7.12	%	$57,786	6.73	%
商業抵押貸款(a)	11,394	6.27	%	11,237	5.87	%
商業施工貸款(a)	5,877	7.16	%	5,527	6.74	%
商業租賃(a)	2,602	4.37	%	2,661	3.59	%
商業貸款和租賃總額	72,296	6.89	%	77,211	6.50	%
住房抵押貸款	17,412	3.64	%	18,168	3.43	%
家庭房產	3,960	8.35	%	3,946	7.34	%
間接擔保的消費者貸款	15,410	5.18	%	16,219	4.19	%
信用卡	1,736	13.53	%	1,790	14.06	%
太陽能安裝貸款	3,900	8.08	%	2,734	5.68	%
其他消費者貸款	2,752	9.16	%	3,216	8.67	%
消費者貸款總額	45,170	5.68	%	46,073	4.95	%
貸款和租賃總額	117,466	6.43	%	123,284	5.92	%
證券:
應稅證券	55,196	3.26	%	56,127	3.08	%
免稅證券(a)	1,395	3.28	%	1,459	3.17	%
其他短期投資	21,174	5.57	%	8,708	5.34	%
利息收入資產總額	195,231	5.42	%	189,578	5.03	%
現金和存放在銀行的款項	2,681			2,776
其他	17,571			16,405
貸款和租賃損失撥備	(2,309)			(2,231)
總資產	$213,174			$206,528

負債
利息負債：
利息支票存款	$58,372	3.39	%	$50,782	2.79	%
儲蓄存款	17,707	0.69	%	21,755	0.73	%
貨幣市場存款	35,791	2.99	%	29,815	1.88	%
外國辦事處存款	156	2.16	%	151	1.63	%
少於250,000美元的定期存款證書	10,518	4.15	%	7,537	3.51	%
總計利息負擔核心存款	122,544	2.95	%	110,040	2.19	%
250,000美元以上的存單	4,585	5.16	%	5,222	4.57	%
利息負債總額	127,129	3.03	%	115,262	2.29	%
聯邦購買資金	202	5.39	%	347	4.89	%
再購回協議下出售的證券	378	2.06	%	347	1.13	%
FHLb預付款	2,949	5.68	%	5,035	4.99	%
衍生抵押品和其他擔保借款	55	9.50	%	123	8.10	%
長期債務	15,951	5.71	%	13,474	5.09	%
總計計息負債	146,664	3.37	%	134,588	2.68	%
活期存款	40,374			47,138
其他負債	6,904			6,929
總負債	193,942			188,655
總股本	19,232			17,873
總負債和股權	$213,174			$206,528
比率：
淨利息收益率 (FTE)(b)		2.88	%		3.12	%
淨利息利差 (FTE)(b)		2.05	%		2.35	%
利息支出負債佔利息收益資產比		75.12	%		70.99	%
(a) 這些資產的平均收益率/利率是以全職等效基礎呈現的。
(b) 非GAAP指標；請參閱第27頁開始的非GAAP指標討論和調整。


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.


第五第三銀行公司及其子公司
非美國通用會計原則調節
億美元和百萬股份		截至三個月結束時間
(未經審計)		九月		6月		三月		12月		九月
		2024		2024		2024		2023		2023
淨利息收入		$1,421		$1,387		$1,384		$1,416		$1,438
添加：應稅當量調整		6		6		6		7		7
淨利息收益（稅收當量）（a）		1,427		1,393		1,390		1,423		1,445

淨利息收益（年化）（b）		5,653		5,578		5,566		5,618		5,705
淨利息收益（稅收當量）（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：應稅當量調整		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
平均利息收入資產（f）		195,836		194,499		195,349		198,166		192,216
平均利息負債（g）		147,092		146,361		146,533		146,507		139,779

淨利息收益率（b） / （f）		2.89	%	2.87	%	2.85	%	2.83	%	2.97	%
淨利息收益率（FTE）（c） / （f）		2.90	%	2.88	%	2.86	%	2.85	%	2.98	%
淨利息收益率差（全職等效稅後）（d）/（f） - （e）/（g）		2.05	%	2.04	%	2.02	%	1.97	%	2.13	%

稅前收入		$728		$764		$658		$650		$846
加：應稅當量調整		6		6		6		7		7
稅前收入（全職等效稅後）		734		770		664		657		853

淨利潤可供普通股股東		532		561		480		492		623
加：淨無形資產攤銷，稅後		7		7		8		8		8
有形淨利潤（普通股東可分享）（h）		539		568		488		500		631
有形淨利潤（普通股東可分享）（年化）（i）		2,144		2,284		1,963		1,984		2,503

平均銀行股東’股東權益		20,251		18,707		18,727		17,201		17,305
減去：	普通股平均市值	(2,116)		(2,116)		(2,116)		(2,116)		(2,116)
	平均商譽	(4,918)		(4,918)		(4,918)		(4,919)		(4,919)
	平均無形資產	(103)		(111)		(121)		(130)		(141)
平均有形普通股權，包括AOCI (j)		13,114		11,562		11,572		10,036		10,129
減：	平均不實現利潤淨額的其他綜合收益	3,914		5,278		4,938		6,244		5,835
平均有形普通股權益，不包括AOCI（K）		17,028		16,840		16,510		16,280		15,964

銀行股東總數’股東權益		20,784		19,226		19,018		19,172		16,544
減：	優先股	(2,116)		(2,116)		(2,116)		(2,116)		(2,116)
	商譽	(4,918)		(4,918)		(4,918)		(4,919)		(4,919)
	無形資產	(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
減：	未實現其他綜合收益	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：	優先股	2,116		2,116		2,116		2,116		2,116
有形權益 (n)		19,214		19,102		18,873		18,615		18,328

總資產		214,318		213,262		214,506		214,574		212,967
減：	商譽	(4,918)		(4,918)		(4,918)		(4,919)		(4,919)
	無形資產	(98)		(107)		(115)		(125)		(136)
有形資產，包括AOCI（o）		209,302		208,237		209,473		209,530		207,912
減：	AOCI，稅前	4,362		6,204		6,187		5,680		8,657
有形資產，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

有形股東權益（n）/(p）		8.99	%	8.91	%	8.75	%	8.65	%	8.46	%
有形普通股股東權益（不包括AOCI）（m）/(p）		8.00	%	7.92	%	7.77	%	7.67	%	7.49	%
有形普通股股東權益（包括AOCI）（l）/(o）		6.52	%	5.80	%	5.67	%	5.73	%	4.51	%
每股有形賬面價值（包括AOCI）（l）/(q）		$20.20		$17.75		$17.35		$17.64		$13.76
每股有形賬面價值（不包括AOCI）（m）/(q）		$25.29		$24.94		$24.50		$24.23		$23.81


第五第三銀行及其子公司
非美國通用會計原則調節
單位：百萬美元		截至三個月的時間
(未經審計)		九月		6月		九月
		2024		2024		2023
淨利潤 (r)		$573		$601		$660
淨利潤 (年化) (s)		2,280		2,417		2,618

調整項目 (稅前項目)
	Visa總回報掉期估值	47		23		10
	萬事達訴訟	10		—		—
	法律和賠償解決	—		18		—
	重組補償支出	9		—		—
	FDIC特別評估	—		6		—


調整後稅收(t)(a) (b)		51		37		8









淨利息收入(FTE)(u)		1,427		1,393		1,445
	法律和賠償解決	—		5		—
調整後的淨利息收入(FTE)(v)		1,427		1,398		1,445

調整後的淨利息收入(FTE)(年化)(w)		5,677		5,623		5,733

非利息收入(x)		711		695		715
	Visa總回報掉期估值	47		23		10
	法律和賠償解決	—		2		—
調整後的非利息收入 (y)		758		720		725

非利息支出 (z)		1,244		1,221		1,188
	萬事達訴訟	(10)		—		—
	重組補償支出	(9)		—		—
	法律和賠償解決	—		(11)
	FDIC特別評估	—		(6)		—
調整後的非利息支出 (aa)		1,225		1,204		1,188



調整後的淨利潤（r）+（t）		624		638		668
調整後的淨利潤（年化）（ab）		2,482		2,566		2,650

調整後的實際可供普通股股東使用的淨資產收入（h）+（t）		590		605		639
調整後的實際可供普通股股東使用的淨資產收入（年化）（ac）		2,347		2,433		2,535

平均資產（ad）		$213,838		$212,475		$208,385

平均實際普通股股東權益回報率（i）/（j）		16.3	%	19.8	%	24.7	%
不含AOCI的平均實際普通股股東權益回報率（i）/（k）		12.6	%	13.6	%	15.7	%
調整後的平均實際普通股股東權益回報率，包括AOCI（ac）/（j）		17.9	%	21.0	%	25.0	%
調整後的平均有形普通股權益淨收益率，不包括AOCI（ac）/（k）		13.8	%	14.4	%	15.9	%

資產平均回報率（s）/（ad）		1.06	%	1.14	%	1.26	%
調整後的資產平均回報率（ab）/（ad）		1.16	%	1.21	%	1.27	%
效率比率（FTE）（z）/ [(u) + (x)]		58.2	%	58.5	%	55.0	%
調整後的效率比率（aa）/ [(v) + (y)]		56.1	%	56.8	%	54.7	%
淨利息收益率（FTE）（c）/（f）		2.90	%	2.88	%	2.98	%
調整後的淨利息收益率（FTE）（w）/（f）		2.90	%	2.89	%	2.98	%
總營業收入（FTE）（u）+（x）		$2,138		$2,088		$2,160
調整後總收入（全職等效）（淨利息收益率）（v）+（y）		$2,185		$2,118		$2,170
稅前淨營業收入（PPNR）（淨利息收益率）（u）+（x）-（z）		$894		$867		$972
調整後稅前淨營業收入（PPNR）（淨利息收益率）（v）+（y）-（aa）		$960		$914		$982
由於四捨五入可能導致總數不匹配。
（a）假定稅率爲23%。
（b）相關法律和規範修正的部分調整是不可抵扣稅費的。


第五第三銀行及其子公司
分段呈現(b)
單位：百萬美元
(未經審計)

截至2024年9月30日三個月的數據	商業銀行	消費者和小型企業銀行業務	財富和資產管理	普通公司和其他	總費用

淨利息收益率（全職當量）(a)	$673	$1,031	$50	$(327)	$1,427
撥備	(76)	(78)	—	(6)	(160)
經計提信貸損失後的淨利息收入	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)
稅前收益（虧損）	484	629	54	(433)	734
適用所得稅（費用）收益(a)	(91)	(132)	(12)	74	(161)
	$393	$497	$42	$(359)	$573

截至2024年6月30日三個月的報告增長和貨幣不變增長 (同比)	商業銀行	消費者和小型企業銀行業務	財富和資產管理	總公司和其他	總費用

淨利息收益率（全職當量）(a)	$660	$1,055	$54	$(376)	$1,393
(爲)信貸損失提供的利益	(137)	(70)	—	110	(97)
經過(爲)信貸損失提供的利益後的淨利息收入	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)
稅前收益（虧損）	389	631	59	(309)	770
適用所得稅（費用）效益(a)	(69)	(132)	(12)	44	(169)
	$320	$499	$47	$(265)	$601

截至2024年3月31日的三個月	商業銀行	消費者和小型企業銀行業務	財富和資產管理	一般企業和其他	總費用

淨利息收益率（全職當量）(a)	$690	$1,125	$59	$(484)	$1,390
（信用損失）受益準備金	(71)	(84)	—	61	(94)
淨利息收入（信用損失受益準備金後）	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)
稅前收益（虧損）	444	668	58	(506)	664
適用所得稅（費用）效益(a)	(75)	(141)	(12)	84	(144)
	$369	$527	$46	$(422)	$520

截至2023年12月31日三個月的情況	商業銀行	消費者和小型企業銀行業務	財富以及資產管理	一般企業事務和其他	總費用

淨利息收益率（全職當量）(a)	$812	$1,190	$66	$(645)	$1,423
（計提的）信貸損失受益	25	(81)	—	1	(55)
淨息收入扣除（計提的）信貸損失受益	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)
稅前收益（虧損）	681	779	67	(870)	657
適用所得稅（費用）效益(a)	(129)	(164)	(15)	181	(127)
	$552	$615	$52	$(689)	$530

截至2023年9月30日三個月的業績	商業銀行	消費者和小企業銀行業務	財富和資產管理	一般企業和其他	總費用

淨利息收益率（全職當量）(a)	$1,012	$1,390	$98	$(1,055)	$1,445
撥備	—	(105)	(1)	(13)	(119)
經計提信貸損失後的淨利息收入	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)
稅前收益（虧損）	887	935	101	(1,070)	853
適用所得稅（費用）收益(a)	(169)	(196)	(22)	194	(193)
	$718	$739	$79	$(876)	$660
(a) 包括稅前利潤調整 $600萬截至2024年9月30日、2024年6月30日和2024年3月31日的三個月份$6百萬，截至2023年12月31日和2023年9月30日的三個月份$700萬。
(b) 在2024年第一季度，銀行取消了財富與資產管理、消費者和小企業銀行之間的某些營收分享協議。之前期間的結果已經調整以反映當前報告。