EX-99.1 2 q42025earningsrelease.htm EX-99.1
Fifth Third Bancorp Reports Fourth Quarter 2025 Diluted Earnings Per Share of $1.04
Strong returns supported by continued business momentum and improved credit trends
Reported results included a net negative $0.04 impact from certain items on page 2

| Key Financial Data |  |  |  |  |  |  | Key Highlights
| $ in millions for all balance sheet and income statement items |  |  |  |  |  |  |
|  | 4Q25 | 3Q25 | 4Q24 | Stability: •Net charge-offs(b) of 40 bps in 4Q25; Commercial net charge-offs(b) of 27 bps •Loan-to-core deposit ratio of 72%; 4% demand deposit growth year-over-year •Strong profitability resulted in CET1(d)(e) increasing 20 bps to 10.77% Profitability: •Adjusted ROA(a) of 1.41% and adjusted ROTCE ex. AOCI(a) of 16.2% •Disciplined expense management; adjusted efficiency ratio(a) of 54.3%, an improvement of 50 bps year-over-year •Generated 230 bps of positive operating leverage in 2025 •Tangible book value per share(a) grew 21% year-over-year Growth: •5% loan growth compared to 4Q24; Middle market loan growth of 7% •Record NII of $6 billion increased 6% year-over-year •Consumer household growth of 2.5%, including 7% in the Southeast •Assets under management of $80B, up 16% compared to 4Q24
| Income Statement Data |  |  |  |  |  |
| Net income available to common shareholders | $699 |  | $608 |  | $582 |
| Net interest income (U.S. GAAP) | 1,529 |  | 1,520 |  | 1,437 |
| Net interest income (FTE)(a) | 1,533 |  | 1,525 |  | 1,443 |
| Noninterest income | 811 |  | 781 |  | 732 |
| Noninterest expense | 1,309 |  | 1,267 |  | 1,226 |
| Per Share Data |  |  |  |  |  |
| Earnings per share, basic | $1.05 |  | $0.91 |  | $0.86 |
| Earnings per share, diluted | 1.04 |  | 0.91 |  | 0.85 |
| Book value per share | 30.18 |  | 29.26 |  | 26.17 |
| Tangible book value per share(a) | 22.60 |  | 21.66 |  | 18.69 |
| Balance Sheet & Credit Quality |  |  |  |  |  |
| Average portfolio loans and leases | $123,430 |  | $123,326 |  | $117,860 |
| Average deposits | 168,384 |  | 164,754 |  | 167,237 |
| Accumulated other comprehensive loss | (3,110) |  | (3,276) |  | (4,636) |
| Net charge-off ratio(b) | 0.40 | % | 1.09 | % | 0.46 | %
| Nonperforming asset ratio(c) | 0.65 |  | 0.65 |  | 0.71 |
| Financial Ratios |  |  |  |  |  |
| Return on average assets | 1.36 | % | 1.21 | % | 1.17 | %
| Return on average common equity | 14.0 |  | 12.6 |  | 13.0 |
| Return on average tangible common equity(a) | 19.0 |  | 17.3 |  | 18.4 |
| CET1 capital(d)(e) | 10.77 |  | 10.57 |  | 10.57 |
| Net interest margin(a) | 3.13 |  | 3.13 |  | 2.97 |
| Efficiency(a) | 55.8 |  | 54.9 |  | 56.4 |
| Other than the Quarterly Financial Review tables beginning on page 14, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Regulation S-K that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis.

From Tim Spence, Fifth Third Chairman, CEO and President: |  |

Fifth Third delivered strong operating results in the fourth quarter and for the full year. In 2025, we produced record NII, generated profitable relationship growth and diligently managed our expenses, generating 230 bps of positive operating leverage. Our strong profitability allowed us to return $1.6 billion of capital to our shareholders while maintaining strong capital ratios and increasing tangible book value per share 21% compared to last year.
Our consistent investment and focus on growth priorities continue to drive strong results. In 2025, we opened 50 branches in our high-growth Southeast markets and grew consumer households by 2.5%. We generated record quarterly revenue in our Wealth & Asset Management business, and assets under management increased 16% year-over-year to $80 billion.
Years of disciplined execution on strategic initiatives have positioned us to deliver sustained profitability as we integrate Comerica. With shareholder and regulatory approvals secured, we expect the transaction to close on February 1, 2026. We remain confident in our ability to achieve the expected financial synergies from the pending acquisition, and the result will be a Fifth Third that is better and not just bigger.
Investor contact: Matt Curoe (513) 534-2345 | Media contact: Jennifer Hendricks Sullivan (614) 744-7693 January 20, 2026

| Income Statement Highlights |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ in millions, except per share data) | For the Three Months Ended |  |  | % Change |
|  | December |  | September |  | December |  |  |  |  |
|  | 2025 |  | 2025 |  | 2024 |  | Seq |  | Yr/Yr |
| Condensed Statements of Income |  |  |  |  |  |  |  |  |  |  |  |  |
| Net interest income (NII)(a) | $1,533 |  | $1,525 |  | $1,443 |  | 1% |  | 6% |
| Provision for credit losses | 119 |  | 197 |  | 179 |  | (40)% |  | (34)% |
| Noninterest income | 811 |  | 781 |  | 732 |  | 4% |  | 11% |
| Noninterest expense | 1,309 |  | 1,267 |  | 1,226 |  | 3% |  | 7% |
| Income before income taxes(a) | $916 |  | $842 |  | $770 |  | 9% |  | 19% |
| Taxable equivalent adjustment | $4 |  | $5 |  | $6 |  | (20)% |  | (33)% |
| Applicable income tax expense | 181 |  | 188 |  | 144 |  | (4)% |  | 26% |
| Net income | $731 |  | $649 |  | $620 |  | 13% |  | 18% |
| Dividends on preferred stock | 32 |  | 41 |  | 38 |  | (22)% |  | (16)% |
| Net income available to common shareholders | $699 |  | $608 |  | $582 |  | 15% |  | 20% |
| Earnings per share, diluted | $1.04 |  | $0.91 |  | $0.85 |  | 14% |  | 22% |

Fifth Third Bancorp (NASDAQ®: FITB) today reported fourth quarter 2025 net income available to common shareholders of $699 million, or $1.04 per diluted share, compared to $608 million, or $0.91 per diluted share, in the prior quarter and $582 million, or $0.85 per diluted share, in the year-ago quarter.

|  | Diluted earnings per share impact of certain item(s) - 4Q25 |  |
|  | (after-tax impact; $ in millions, except per share data) |  |
|  | Fifth Third Foundation contribution(f) | $(38) |  |
|  | Merger-related expenses(f)1 | (13) |  |
|  | Interchange litigation matters(f)2 | (8) |  |
|  | Benefit related to the resolution of certain tax matters | 7 |  |
|  | Litigation settlements (noninterest income)(f) | 9 |  |
|  | FDIC special assessment (noninterest expense)(f) | 19 |  |
|  | After-tax impact of certain item(s) | $(24) |  |
|  | Diluted earnings per share impact of certain item(s)3 | $(0.04) |  |
|  | Totals may not foot due to rounding; 1 A portion of the adjustments related to merger-related expenses are not tax-deductible; 2 Interchange litigation matters decreased noninterest income by $8 million and increased noninterest expense by $3 million; 3 Diluted earnings per share impact reflects 669.153 million average diluted shares outstanding |  |

Full year 2025 net income available to common shareholders was $2.4 billion, or $3.53 per diluted share, compared to full year 2024 net income available to common shareholders of $2.2 billion, or $3.14 per diluted share.
2

| Net Interest Income |  |  |  |  |  |  |  |  |  |  |  |  |
| (FTE; $ in millions)(a) | For the Three Months Ended |  |  | % Change |
|  | December |  | September |  | December |  |  |  |  |
|  | 2025 |  | 2025 |  | 2024 |  | Seq |  | Yr/Yr |
| Interest Income |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest income | $2,472 |  |  | $2,524 |  |  | $2,534 |  |  | (2)% |  | (2)% |
| Interest expense | 939 |  |  | 999 |  |  | 1,091 |  |  | (6)% |  | (14)% |
| Net interest income (NII) | $1,533 |  |  | $1,525 |  |  | $1,443 |  |  | 1% |  | 6% |
| Average Yield/Rate Analysis |  |  |  |  |  |  |  |  |  | bps Change |
| Yield on interest-earning assets | 5.05% | % |  |  | 5.18% | % |  |  | 5.21% | % |  |  | (13) |  | (16) |
| Rate paid on interest-bearing liabilities | 2.60% | % |  |  | 2.77% | % |  |  | 3.00% | % |  |  | (17) |  | (40) |
| Ratios |  |  |  |  |  |  |  |  |  |  |  |  |
| Net interest rate spread | 2.45% | % |  |  | 2.41% | % |  |  | 2.21% | % |  |  | 4 |  | 24 |
| Net interest margin (NIM) | 3.13% | % |  |  | 3.13% | % |  |  | 2.97% | % |  |  | — |  | 16 |

Fully taxable-equivalent (FTE) NII of $1.533 billion increased $8 million, or 1%, compared to the prior quarter. This improvement primarily reflects deposit and wholesale funding management actions decreasing the cost of interest-bearing liabilities, partially offset by lower loan yields due to the impact of market rates on floating rate loans. These same factors, coupled with higher average other short-term investments (including interest-bearing cash), contributed to the flat NIM in the quarter.
Compared to the year-ago quarter, NII increased $90 million, or 6%, and NIM increased 16 bps. This improvement was due to the benefits from proactive deposit and wholesale funding management decreasing interest-bearing liabilities costs by 40 bps and the benefit of fixed-rate asset repricing, which combined more than offset the 16 bps decrease in interest-earning asset yields.
3

| Noninterest Income |  |  |  |  |  |  |  |  |
| ($ in millions) | For the Three Months Ended | % Change |  |  |  |
|  | December | September | December |  |  |  |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |  |  |  |
| Noninterest Income |  |  |  |  |  |  |  |  |
| Wealth and asset management revenue | $185 | $181 | $163 | 2% | 13% |  |  |  |
| Commercial payments revenue | 167 | 157 | 155 | 6% | 8% |  |  |  |
| Consumer banking revenue | 143 | 144 | 137 | (1)% | 4% |  |  |  |
| Capital markets fees | 121 | 115 | 123 | 5% | (2)% |  |  |  |
| Commercial banking revenue | 102 | 87 | 109 | 17% | (6)% |  |  |  |
| Mortgage banking net revenue | 56 | 58 | 57 | (3)% | (2)% |  |  |  |
| Other noninterest income (loss) | 42 | 29 | (4) | 45% | NM |  |  |  |
| Securities (losses) gains, net | (5) | 10 | (8) | NM | (38)% |  |  |  |
| Total noninterest income | $811 | $781 | $732 | 4% | 11% |  |  |  |

Noninterest income of $811 million increased $30 million, or 4%, from the prior quarter and increased $79 million, or 11%, from the year-ago quarter. The reported results reflect the impact of certain items in the table below, including securities gains/losses which incorporate mark-to-market impacts from securities associated with non-qualified deferred compensation plans that are offset in noninterest expense.

| Noninterest Income excluding certain items
| ($ in millions) | For the Three Months Ended |  |  | % Change |
|  | December |  | September |  |  | December |  |  |  |
|  | 2025 |  | 2025 |  |  | 2024 |  |  | Seq |  | Yr/Yr |
| Noninterest Income excluding certain items |  |  |  |  |  |  |  |  |  |  |  |  |
| Noninterest income (U.S. GAAP) | $811 |  |  | $781 |  |  | $732 |  |  |  |  |  |
| Interchange litigation matters | 8 |  |  | 18 |  |  | 51 |  |  |  |  |  |
| Litigation settlements | (12) |  |  | — |  |  | — |  |  |  |  |  |
| Securities (gains) losses, net | 5 |  |  | (10) |  |  | 8 |  |  |  |  |  |
| Noninterest income excluding certain items(a) | $812 |  |  | $789 |  |  | $791 |  |  | 3% |  | 3% |

Noninterest income excluding certain items of $812 million increased $23 million, or 3%, compared to the prior quarter and increased $21 million, or 3%, from the year-ago quarter.
Wealth and asset management revenue increased $4 million, or 2% sequentially, due to an increase in personal asset management revenue. Commercial payments revenue increased $10 million, or 6%, driven by commercial card and Newline revenue. Capital markets fees were up $6 million, or 5%, reflecting seasonal strength in M&A advisory revenue and loan syndications. Commercial banking revenue increased $15 million, or 17%, driven by higher lease syndication and remarketing.
Compar ed to the year-ago quarter, wealth and asset management revenue increased $22 million, or 13%, with 16% year-over-year AUM growth driving increases in personal asset management revenue and brokerage fees. Commercial payments revenue increased $12 million, or 8%, led by managed services, Newline revenue, and commercial card fees, partially offset by higher earnings credits. Capital markets fees decreased $2 million, or 2%, driven by lower loan syndications revenue, partially offset by higher M&A advisory revenue. Commercial banking revenue decreased $7 million, or 6%, primarily reflecting lower operating lease and other commercial banking revenue.
4

| Noninterest Expense |  |  |  |  |  |
| ($ in millions) | For the Three Months Ended | % Change |
|  | December | September | December |  |  |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr |
| Noninterest Expense |  |  |  |  |  |
| Compensation and benefits | $683 | $685 | $665 | — | 3% |
| Technology and communications | 138 | 128 | 123 | 8% | 12% |
| Net occupancy expense | 89 | 89 | 88 | — | 1% |
| Equipment expense | 43 | 44 | 39 | (2)% | 10% |
| Loan and lease expense | 41 | 39 | 36 | 5% | 14% |
| Marketing expense | 37 | 34 | 23 | 9% | 61% |
| Card and processing expense | 27 | 22 | 21 | 23% | 29% |
| Other noninterest expense | 251 | 226 | 231 | 11% | 9% |
| Total noninterest expense | $1,309 | $1,267 | $1,226 | 3% | 7% |

Noninterest expense of $1.309 billion increased 3% from the prior quarter and increased 7% from the year-ago quarter. The reported results reflect the impact of certain items in the table below.

| Noninterest Expense excluding certain item(s) |  |  |  |  |
| ($ in millions) | For the Three Months Ended |  |  | % Change |
|  | December |  | September |  |  | December |  |  |  |  |
|  | 2025 |  | 2025 |  |  | 2024 |  |  | Seq |  | Yr/Yr |
| Noninterest Expense excluding certain item(s) |  |  |  |  |  |  |  |  |  |  |  |  |
| Noninterest expense (U.S. GAAP) | $1,309 |  |  | $1,267 |  |  | $1,226 |  |  |  |  |  |
| Fifth Third Foundation contribution | (50) |  |  | — |  |  | (15) |  |  |  |  |  |
| Merger-related expenses | (13) |  |  | — |  |  | — |  |  |  |  |  |
| FDIC special assessment | 25 |  |  | 6 |  |  | 11 |  |  |  |  |  |
| Interchange litigation matters | (3) |  |  | (9) |  |  | (4) |  |  |  |  |  |
| Noninterest expense excluding certain item(s)(a) | $1,268 |  |  | $1,264 |  |  | $1,218 |  |  | — |  | 4% |
| Non-qualified deferred compensation (expense)/benefit | 5 |  |  | (11) |  |  | 7 |  |  |  |  |  |
| Noninterest expense excluding certain item(s) and non-qualified deferred compensation(a) | $1,273 |  |  | $1,253 |  |  | $1,225 |  |  | 2% |  | 4% |

Noninterest expense excluding certain items and non-qualified deferred compensation of $1.273 billion increased 2% compared to the prior quarter with increases in technology and communications and card and processing expense.
Compared to the year-ago quarter, noninterest expense excluding certain items and non-qualified deferred compensation increased $48 million, or 4%, due primarily to increases in compensation and benefits, technology and communications, and marketing expense.
Expenses related to the mark-to-market impact of non-qualified deferred compensation were largely offset in net securities gains/losses through noninterest income in the current and prior periods.
5

| Average Interest-Earning Assets |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ in millions) | For the Three Months Ended |  |  | % Change |
|  | December |  | September |  | December |  |  |  |  |
|  | 2025 |  | 2025 |  | 2024 |  | Seq |  | Yr/Yr |
| Average Portfolio Loans and Leases |  |  |  |  |  |  |  |  |  |  |  |  |
| Commercial loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |
| Commercial and industrial loans | $53,947 |  |  | $54,170 |  |  | $51,567 |  |  | — |  | 5% |
| Commercial mortgage loans | 12,079 |  |  | 12,027 |  |  | 11,792 |  |  | — |  | 2% |
| Commercial construction loans | 5,399 |  |  | 5,541 |  |  | 5,702 |  |  | (3)% |  | (5)% |
| Commercial leases | 3,172 |  |  | 3,177 |  |  | 2,902 |  |  | — |  | 9% |
| Total commercial loans and leases | $74,597 |  |  | $74,915 |  |  | $71,963 |  |  | — |  | 4% |
| Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |
| Residential mortgage loans | $17,660 |  |  | $17,656 |  |  | $17,322 |  |  | — |  | 2% |
| Home equity | 4,769 |  |  | 4,579 |  |  | 4,125 |  |  | 4% |  | 16% |
| Indirect secured consumer loans | 17,879 |  |  | 17,729 |  |  | 16,100 |  |  | 1% |  | 11% |
| Credit card | 1,694 |  |  | 1,678 |  |  | 1,668 |  |  | 1% |  | 2% |
| Solar energy installation loans | 4,486 |  |  | 4,355 |  |  | 4,137 |  |  | 3% |  | 8% |
| Other consumer loans | 2,345 |  |  | 2,414 |  |  | 2,545 |  |  | (3)% |  | (8)% |
| Total consumer loans | $48,833 |  |  | $48,411 |  |  | $45,897 |  |  | 1% |  | 6% |
| Total average portfolio loans and leases | $123,430 |  |  | $123,326 |  |  | $117,860 |  |  | — |  | 5% |
| Average Loans and Leases Held for Sale |  |  |  |  |  |  |  |  |  |  |  |  |
| Commercial loans and leases held for sale | $19 |  |  | $44 |  |  | $48 |  |  | (57)% |  | (60)% |
| Consumer loans held for sale | 698 |  |  | 623 |  |  | 584 |  |  | 12% |  | 20% |
| Total average loans and leases held for sale | $717 |  |  | $667 |  |  | $632 |  |  | 7% |  | 13% |
| Total average loans and leases | $124,147 |  |  | $123,993 |  |  | $118,492 |  |  | — |  | 5% |
| Securities (taxable and tax-exempt) | $52,512 |  |  | $54,592 |  |  | $56,702 |  |  | (4)% |  | (7)% |
| Other short-term investments | 17,485 |  |  | 14,915 |  |  | 18,319 |  |  | 17% |  | (5)% |
| Total average interest-earning assets | $194,144 |  |  | $193,500 |  |  | $193,513 |  |  | — |  | — |

Total average portfolio loans and leases of $123 billion and average commercial portfolio loans and leases of $75 billion remained stable compared to the prior quarter. Average consumer portfolio loans of $49 billion increased 1%, driven by continued growth in home equity and indirect secured consumer loans.
Compared to the year-ago quarter, total average portfolio loans and leases increased 5%. Average commercial portfolio loans and leases increased 4%, reflecting increases in C&I loans, commercial mortgage loans, and commercial leases. Average consumer portfolio loans increased 6%, primarily due to increases in indirect secured consumer, home equity, and solar energy installation loans.
Average securities (taxable and tax-exempt; amortized cost) of $53 billion in the current quarter decreased 4% compared to the prior quarter and 7% compared to the year-ago quarter. Average other short-term investments (including interest-bearing cash) of $17 billion in the current quarter increased 17% compared to the prior quarter and decreased 5% compared to the year-ago quarter.
6

| End of Period Interest-Earning Assets |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ in millions) | As of |  |  | % Change |
|  | December |  | September |  | December |  |  |  |  |
|  | 2025 |  | 2025 |  | 2024 |  | Seq |  | Yr/Yr |
| End of Period Portfolio Loans and Leases |  |  |  |  |  |  |  |  |  |  |  |  |
| Total commercial loans and leases | $73,562 |  |  | $74,423 |  |  | $73,293 |  |  | (1)% |  | — |
| Total consumer loans | 49,089 |  |  | 48,707 |  |  | 46,498 |  |  | 1% |  | 6% |
| Total portfolio loans and leases | $122,651 |  |  | $123,130 |  |  | $119,791 |  |  | — |  | 2% |
| End of Period Loans and Leases Held for Sale |  |  |  |  |  |  |  |  |  |  |  |  |
| Total loans and leases held for sale | $733 |  |  | $576 |  |  | $640 |  |  | 27% |  | 15% |
| Total loans and leases | $123,384 |  |  | $123,706 |  |  | $120,431 |  |  | — |  | 2% |
| Securities (taxable and tax-exempt) | $51,961 |  |  | $52,680 |  |  | $56,713 |  |  | (1)% |  | (8)% |
| Other short-term investments | 18,876 |  |  | 17,215 |  |  | 17,120 |  |  | 10% |  | 10% |
| Total interest-earning assets | $194,221 |  |  | $193,601 |  |  | $194,264 |  |  | — |  | — |

Period-end commercial portfolio loans and leases of $74 billion decreased 1% compared to the prior quarter as the highest quarterly commercial loan production in over three years was more than offset by the decrease in line utilization. Compared to the year-ago quarter, period-end commercial portfolio loans and leases remained stable.
Period-end consumer portfolio loans of $49 billion increased 1% compared to the prior quarter, primarily reflecting increases in home equity and indirect secured consumer loans. Compared to the year-ago quarter, period-end consumer portfolio loans increased 6% driven by increases in indirect secured consumer and home equity loans.
Total period-end securities (taxable and tax-exempt; amortized cost) of $52 billion in the current quarter decreased 1% compared to the prior quarter and decreased 8% compared to the year-ago quarter. Period-end other short-term investments of approximately $19 billion increased 10% compared to the prior and year-ago quarters.

Average Deposits |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ in millions) | For the Three Months Ended |  |  | % Change |
|  | December |  | September |  | December |  |  |  |  |
|  | 2025 |  | 2025 |  | 2024 |  | Seq |  | Yr/Yr |
| Average Deposits |  |  |  |  |  |  |  |  |  |  |  |  |
| Demand | $41,771 |  |  | $41,235 |  |  | $40,137 |  |  | 1% |  | 4% |
| Interest checking | 58,612 |  |  | 56,624 |  |  | 59,441 |  |  | 4% |  | (1)% |
| Savings | 16,103 |  |  | 16,376 |  |  | 17,257 |  |  | (2)% |  | (7)% |
| Money market | 39,409 |  |  | 37,434 |  |  | 37,279 |  |  | 5% |  | 6% |
| Total transaction deposits | $155,895 |  |  | $151,669 |  |  | $154,114 |  |  | 3% |  | 1% |
| CDs $250,000 or less | 10,541 |  |  | 10,841 |  |  | 10,592 |  |  | (3)% |  | — |
| Total core deposits | $166,436 |  |  | $162,510 |  |  | $164,706 |  |  | 2% |  | 1% |
| CDs over $250,000 1 | 1,948 |  |  | 2,244 |  |  | 2,531 |  |  | (13)% |  | (23)% |
| Total average deposits | $168,384 |  |  | $164,754 |  |  | $167,237 |  |  | 2% |  | 1% |
| 1 CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively. |

Total average deposits of $168 billion increased 2% compared to the prior quarter, primarily driven by growth in interest checking, money market and demand deposits, partially offset by declines in CDs $250,000 or less. The growth in demand deposits reflects our strategic focus on enhancing the deposit mix and represents the third consecutive quarter of demand deposit growth. Period-end total deposits of $172 billion increased 3%.
Compared to the year-ago quarter, total average deposits increased 1%, mainly due to increases in money market and demand deposits, partially offset by decreases in savings and interest checking deposits. Period-end total deposits increased 3%.
7

The period-end portfolio loan-to-core deposit ratio was 72% in the current quarter, compared to 75% in the prior quarter and 73% in the year-ago quarter.

Average Wholesale Funding |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ in millions) | For the Three Months Ended |  |  | % Change |
|  | December |  | September |  | December |  |  |  |  |
|  | 2025 |  | 2025 |  | 2024 |  | Seq |  | Yr/Yr |
| Average Wholesale Funding |  |  |  |  |  |  |  |  |  |  |  |  |
| CDs over $250,000 1 | $1,948 |  |  | $2,244 |  |  | $2,531 |  |  | (13)% |  | (23)% |
| Federal funds purchased | 204 |  |  | 198 |  |  | 223 |  |  | 3% |  | (9)% |
| Securities sold under repurchase agreements | 365 |  |  | 376 |  |  | 313 |  |  | (3)% |  | 17% |
| FHLB advances | 2,552 |  |  | 4,920 |  |  | 1,567 |  |  | (48)% |  | 63% |
| Derivative collateral and other secured borrowings | 84 |  |  | 82 |  |  | 76 |  |  | 2% |  | 11% |
| Long-term debt | 13,700 |  |  | 14,001 |  |  | 15,492 |  |  | (2)% |  | (12)% |
| Total average wholesale funding | $18,853 |  |  | $21,821 |  |  | $20,202 |  |  | (14)% |  | (7)% |
| 1 CDs over $250,000 includes $0.8BN, $1.0BN, and $1.5BN of retail brokered certificates of deposit which are fully covered by FDIC insurance for the three months ended 12/31/25, 9/30/25, and 12/31/24, respectively. |

Average wholesale funding of $19 billion decreased 14% compared to the prior quarter, driven by a reduction in FHLB advances and long-term debt. The 7% decrease in average wholesale funding compared to the year-ago quarter was primarily attributable to a decrease in long-term debt and CDs over $250,000, inclusive of brokered deposits, partially offset by an increase in FHLB advances.
8

Credit Quality Summary |  |  |  |  |  |  |  |  |  |  |  |  |  |
($ in millions) | As of and For the Three Months Ended
| December |  | September |  | June |  | March |  | December
| 2025 |  | 2025 |  | 2025 |  | 2025 |  | 2024
Total nonaccrual portfolio loans and leases (NPLs) | $767 |  |  | $768 |  |  | $853 |  |  | $966 |  |  | $823 |
Repossessed property | 11 |  |  | 12 |  |  | 8 |  |  | 9 |  |  | 9 |
OREO | 19 |  |  | 21 |  |  | 25 |  |  | 21 |  |  | 21 |
Total nonperforming portfolio loans and leases and OREO (NPAs) | $797 |  |  | $801 |  |  | $886 |  |  | $996 |  |  | $853 |
NPL ratio(g) | 0.62% | % |  |  | 0.62% | % |  |  | 0.70% | % |  |  | 0.79% | % |  |  | 0.69% | % |
NPA ratio(c) | 0.65% | % |  |  | 0.65% | % |  |  | 0.72% | % |  |  | 0.81% | % |  |  | 0.71% | % |
Portfolio loans and leases 30-89 days past due (accrual) | $360 |  |  | $348 |  |  | $277 |  |  | $385 |  |  | $303 |
Portfolio loans and leases 90 days past due (accrual) | 30 |  |  | 29 |  |  | 34 |  |  | 33 |  |  | 32 |
30-89 days past due as a % of portfolio loans and leases | 0.29% | % |  |  | 0.28% | % |  |  | 0.23% | % |  |  | 0.31% | % |  |  | 0.25% | % |
90 days past due as a % of portfolio loans and leases | 0.02% | % |  |  | 0.02% | % |  |  | 0.03% | % |  |  | 0.03% | % |  |  | 0.03% | % |
Allowance for loan and lease losses (ALLL), beginning | $2,265 |  |  | $2,412 |  |  | $2,384 |  |  | $2,352 |  |  | $2,305 |
Total net losses charged-off | (125) |  |  | (339) |  |  | (139) |  |  | (136) |  |  | (136) |
Provision for loan and lease losses | 113 |  |  | 192 |  |  | 167 |  |  | 168 |  |  | 183 |
ALLL, ending | $2,253 |  |  | $2,265 |  |  | $2,412 |  |  | $2,384 |  |  | $2,352 |
Reserve for unfunded commitments, beginning | $151 |  |  | $146 |  |  | $140 |  |  | $134 |  |  | $138 |
Provision for (benefit from) the reserve for unfunded commitments | 6 |  |  | 5 |  |  | 6 |  |  | 6 |  |  | (4) |
Reserve for unfunded commitments, ending | $157 |  |  | $151 |  |  | $146 |  |  | $140 |  |  | $134 |
Total allowance for credit losses (ACL) | $2,410 |  |  | $2,416 |  |  | $2,558 |  |  | $2,524 |  |  | $2,486 |
ACL ratios: |  |  |  |  |  |  |  |  |  |  |  |  |  |
As a % of portfolio loans and leases | 1.96% | % |  |  | 1.96% | % |  |  | 2.09% | % |  |  | 2.07% | % |  |  | 2.08% | % |
As a % of nonperforming portfolio loans and leases | 314% | % |  |  | 314% | % |  |  | 300% | % |  |  | 261% | % |  |  | 302% | % |
As a % of nonperforming portfolio assets | 302% | % |  |  | 302% | % |  |  | 289% | % |  |  | 253% | % |  |  | 291% | % |
ALLL as a % of portfolio loans and leases | 1.84% | % |  |  | 1.84% | % |  |  | 1.97% | % |  |  | 1.95% | % |  |  | 1.96% | % |
Total losses charged-off | $(177) |  |  | $(382) |  |  | $(194) |  |  | $(173) |  |  | $(175) |
Total recoveries of losses previously charged-off | 52 |  |  | 43 |  |  | 55 |  |  | 37 |  |  | 39 |
Total net losses charged-off | $(125) |  |  | $(339) |  |  | $(139) |  |  | $(136) |  |  | $(136) |
Net charge-off ratio (NCO ratio)(b) | 0.40% | % |  |  | 1.09% | % |  |  | 0.45% | % |  |  | 0.46% | % |  |  | 0.46% | % |
Commercial NCO ratio | 0.27% | % |  |  | 1.46% | % |  |  | 0.38% | % |  |  | 0.35% | % |  |  | 0.32% | % |
Consumer NCO ratio | 0.59% | % |  |  | 0.52% | % |  |  | 0.56% | % |  |  | 0.63% | % |  |  | 0.68% | % |

The provision for credit losses totaled $119 million in the current quarter. The ACL ratio represented 1.96% of total portfolio loans and leases at quarter end, consistent with the prior quarter and down 12 bps from the year-ago quarter. The ACL coverage ratio was unchanged from the prior quarter at 314% of nonperforming portfolio loans and leases and 302% of nonperforming portfolio assets.
Net charge-offs totaled $125 million in the current quarter, down $214 million from the prior quarter and the NCO ratio decreased 69 bps to 0.40%. The third quarter of 2025 net charge-offs included a $178 million fraud-related impairment of a commercial credit. Excluding this credit, net charge-offs were down $36 million, or 12 bps, sequentially. Commercial net charge-offs were $51 million, with a commercial NCO ratio of 0.27%, down 119 bps from the prior quarter. Consumer net
9

charge-offs were $74 million, with a consumer NCO ratio of 0.59%, up 7 bps sequentially, reflecting the seasonal increase in indirect secured net charge-offs.
Compared to the year-ago quarter, net charge-offs decreased $11 million and the NCO ratio decreased 6 bps. The commercial NCO ratio decreased 5 bps, and the consumer NCO ratio decreased 9 bps compared to the prior year.
Nonperforming portfolio loans and leases totaled $767 million in the current quarter, representing an NPL ratio of 0.62%, compared to 0.62% in the prior quarter and 0.69% in the year-ago quarter. Nonperforming portfolio assets totaled $797 million in the current quarter, resulting in an NPA ratio of 0.65%, compared to 0.65% in the prior quarter and 0.71% in the year-ago quarter.

| Capital Position |  |  |  |  |  |  |
|  |  |  | As of and For the Three Months Ended
|  |  |  | December | September | June | March | December
|  |  |  | 2025 | 2025 | 2025 | 2025 | 2024 |
| Capital Position |  |  |  |  |  |  |
| Average total Bancorp shareholders' equity as a % of average assets |  | 10.11% | % | 10.02% | % | 9.82% | % | 9.50% | % | 9.40% | % |
| Tangible equity(a) |  | 9.28% | % | 9.12% | % | 9.39% | % | 9.07% | % | 9.02% | % |
| Tangible common equity (excluding AOCI)(a) |  | 8.46% | % | 8.29% | % | 8.38% | % | 8.07% | % | 8.03% | % |
| Tangible common equity (including AOCI)(a) |  | 7.14% | % | 6.89% | % | 6.84% | % | 6.40% | % | 6.02% | % |
| Regulatory Capital Ratios(d)(e) |  |  |  |  |  |  |
| CET1 capital |  | 10.77% | % | 10.57% | % | 10.58% | % | 10.43% | % | 10.57% | % |
| Tier 1 risk-based capital |  | 11.82% | % | 11.63% | % | 11.85% | % | 11.71% | % | 11.86% | % |
| Total risk-based capital |  | 13.73% | % | 13.54% | % | 13.77% | % | 13.63% | % | 13.86% | % |
| Leverage |  | 9.42% | % | 9.24% | % | 9.42% | % | 9.23% | % | 9.22% | % |

CET1 capital ratio of 10.77% increased 20 bps sequentially, primarily reflecting strong earnings that bolstered retained capital. There was no share repurchase activity in the fourth quarter of 2025 due to the pending Comerica acquisition.
10

Tax Rate
The effective tax rate for the quarter was 19.8% compared with 22.6% in the prior quarter and 18.8% in the year-ago quarter.
Conference Call
Fifth Third will host a conference call to discuss these financial results at 10:00 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 beginnin g 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 as of December 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital.
(e)Current period regulatory capital ratios are estimated.
(f)Assumes a 24% tax rate.
(g)Nonperforming portfolio loans and leases as a percent of portfolio loans and leases.
11

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, including the use of artificial intelligence; (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 in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; (27) changes and trends in capital markets; (28) fluctuation of Fifth Third’s stock price; (29) volatility in mortgage banking revenue; (30) litigation, investigations, and enforcement proceedings; (31) breaches of contractual covenants, representations and warranties; (32) competition and changes in the financial services industry; (33) potential impacts of the adoption of real-time payment networks; (34) changing retail distribution strategies, customer preferences and behavior; (35) difficulties in identifying, acquiring or integrating suitable strategic partnerships, investments or acquisitions; (36) potential dilution from future acquisitions; (37) loss of income and/or difficulties encountered in the sale and separation of businesses, investments or other assets; (38) results of investments or acquired entities; (39) changes in accounting standards or interpretation or declines in the value of Fifth Third’s goodwill or other intangible assets; (40) inaccuracies or other failures from the use of models; (41) effects of critical accounting policies and judgments or the use of inaccurate estimates; (42) weather-related events, other natural disasters, or health emergencies (including pandemics); (43) the impact of reputational risk created by these or other developments on such matters as business generation and retention, funding and liquidity; (44) changes in law or requirements imposed by Fifth Third’s regulators impacting our capital actions, including dividend payments and stock repurchases; (45) Fifth Third's ability to meet its environmental and/or social targets, goals and commitments; and (46) risks relating to the pending merger with Comerica Incorporated, including Fifth Third’s inability to realize the anticipated benefits of the pending merger, the failure to satisfy the closing conditions of the pending merger or an unexpected delay in the closing of the pending merger and the disruption of Fifth Third’s business as a result of the pending merger.
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.
# # #
12

Quarterly Financial Review for December 31, 2025
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 |

13

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) | December | September | December |  |  | December | December |
|  | 2025 | 2025 | 2024 | Seq | Yr/Yr | 2025 | 2024 | Yr/Yr
Income Statement Data |  |  |  |  |  |  |  |
Net interest income | $1,529 | $1,520 | $1,437 | 1% | 6% | $5,982 | $5,630 | 6%
Net interest income (FTE)(a) | 1,533 | 1,525 | 1,443 | 1% | 6% | 6,002 | 5,654 | 6%
Noninterest income | 811 | 781 | 732 | 4% | 11% | 3,035 | 2,849 | 7%
| Total revenue (FTE)(a) | 2,344 | 2,306 | 2,175 | 2% | 8% | 9,037 | 8,503 | 6%
Provision for credit losses | 119 | 197 | 179 | (40%) | (34%) | 662 | 530 | 25%
Noninterest expense | 1,309 | 1,267 | 1,226 | 3% | 7% | 5,144 | 5,033 | 2%
Net income | 731 | 649 | 620 | 13% | 18% | 2,522 | 2,314 | 9%
Net income available to common shareholders | 699 | 608 | 582 | 15% | 20% | 2,376 | 2,155 | 10%
Earnings Per Share Data |  |  |  |  |  |  |  |
Net income allocated to common shareholders | $699 | $608 | $582 | 15% | 20% | $2,376 | $2,155 | 10%
Average common shares outstanding (in thousands): |  |  |  |  |  |  |  |
| Basic | 664,384 | 666,427 | 675,307 | — | (2%) | 668,140 | 682,161 | (2%)
| Diluted | 669,153 | 670,878 | 681,456 | — | (2%) | 672,503 | 687,301 | (2%)
Earnings per share, basic | $1.05 | $0.91 | $0.86 | 15% | 22% | $3.56 | $3.16 | 13%
Earnings per share, diluted | 1.04 | 0.91 | 0.85 | 14% | 22% | 3.53 | 3.14 | 12%
Common Share Data |  |  |  |  |  |  |  |
Cash dividends per common share | $0.40 | $0.40 | $0.37 | — | 8% | $1.54 | $1.44 | 7%
Book value per share | 30.18 | 29.26 | 26.17 | 3% | 15% | 30.18 | 26.17 | 15%
Market value per share | 46.81 | 44.55 | 42.28 | 5% | 11% | 46.81 | 42.28 | 11%
Common shares outstanding (in thousands) | 661,198 | 660,973 | 669,854 | — | (1%) | 661,198 | 669,854 | (1%)
Market capitalization | $30,951 | $29,446 | $28,321 | 5% | 9% | $30,951 | $28,321 | 9%
Financial Ratios |  |  |  |  |  |  |  |
Return on average assets | 1.36% | % | 1.21% | % | 1.17% | % | 15 | 19 | 1.19% | % | 1.09% | % | 10
Return on average common equity | 14.0% | % | 12.6% | % | 13.0% | % | 140 | 100 | 12.6% | % | 12.5% | % | 10
Return on average tangible common equity(a) | 19.0% | % | 17.3% | % | 18.4% | % | 170 | 60 | 17.4% | % | 17.8% | % | (40)
Noninterest income as a percent of total revenue(a) | 35% | % | 34% | % | 34% | % | 100 | 100 | 34% | % | 34% | % | —
Dividend payout | 38.1% | % | 44.0% | % | 43.0% | % | (590) | (490) | 43.3% | % | 45.6% | % | (230)
Average total Bancorp shareholders’ equity as a percent of average assets | 10.11% | % | 10.02% | % | 9.40% | % | 9 | 71 | 9.86% | % | 9.12% | % | 74
Tangible common equity(a) | 8.46% | % | 8.29% | % | 8.03% | % | 17 | 43 | 8.46% | % | 8.03% | % | 43
Net interest margin (FTE)(a) | 3.13% | % | 3.13% | % | 2.97% | % | — | 16 | 3.11% | % | 2.90% | % | 21
Efficiency (FTE)(a) | 55.8% | % | 54.9% | % | 56.4% | % | 90 | (60) | 56.9% | % | 59.2% | % | (230)
Effective tax rate | 19.8% | % | 22.6% | % | 18.8% | % | (280) | 100 | 21.4% | % | 20.6% | % | 80
Credit Quality |  |  |  |  |  |  |  |
Net losses charged-off | $125 | $339 | $136 | (63%) | %) | (8%) | %) | $738 | $532 | 39% | %
Net losses charged-off as a percent of average portfolio loans and leases (annualized) | 0.40% | % | 1.09% | % | 0.46% | % | (69) | (6) | 0.60% | % | 0.45% | % | 15
ALLL as a percent of portfolio loans and leases | 1.84% | % | 1.84% | % | 1.96% | % | — | (12) | 1.84% | % | 1.96% | % | (12)
ACL as a percent of portfolio loans and leases(g) | 1.96% | % | 1.96% | % | 2.08% | % | — | (12) | 1.96% | % | 2.08% | % | (12)
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO | 0.65% | % | 0.65% | % | 0.71% | % | — | (6) | 0.65% | % | 0.71% | % | (6)
Average Balances |  |  |  |  |  |  |  |
Loans and leases, including held for sale | $124,147 | $123,993 | $118,492 | — | 5% | $123,399 | $117,724 | 5%
Securities and other short-term investments | 69,997 | 69,507 | 75,021 | 1% | (7%) | 69,889 | 77,076 | (9%)
Assets | 213,021 | 211,770 | 211,709 | 1% | 1% | 211,483 | 212,806 | (1%)
Transaction deposits(b) | 155,895 | 151,669 | 154,114 | 3% | 1% | 152,479 | 152,830 | —
Core deposits(c) | 166,436 | 162,510 | 164,706 | 2% | 1% | 163,044 | 163,367 | —
Wholesale funding(d) | 18,853 | 21,821 | 20,202 | (14%) | (7%) | 21,332 | 23,135 | (8%)
Bancorp shareholders' equity | 21,527 | 21,216 | 19,893 | 1% | 8% | 20,858 | 19,398 | 8%
Regulatory Capital Ratios(e)(f) |  |  |  |  |  |  |  |
CET1 capital | 10.77% | % | 10.57% | % | 10.57% | % | 20 | 20 | 10.77% | % | 10.57% | % | 20
Tier 1 risk-based capital | 11.82% | % | 11.63% | % | 11.86% | % | 19 | (4) | 11.82% | % | 11.86% | % | (4)
Total risk-based capital | 13.73% | % | 13.54% | % | 13.86% | % | 19 | (13) | 13.73% | % | 13.86% | % | (13)
Leverage | 9.42% | % | 9.24% | % | 9.22% | % | 18 | 20 | 9.42% | % | 9.22% | % | 20
Additional Metrics |  |  |  |  |  |  |  |
Banking centers | 1,130 | 1,102 | 1,089 | 3% | 4% | 1,130 | 1,089 | 4%
ATMs | 2,199 | 2,184 | 2,080 | 1% | 6% | 2,199 | 2,080 | 6%
Full-time equivalent employees | 18,676 | 18,476 | 18,616 | 1% | — | 18,676 | 18,616 | —
Assets under care ($ in billions)(h) | $690 | $681 | $634 | 1% | 9% | $690 | $634 | 9%
Assets under management ($ in billions)(h) | 80 | 77 | 69 | 4% | 16% | 80 | 69 | 16%

(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.
(b)Includes demand, interest checking, savings and money market deposits..
(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 as of December 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital.
(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.
14

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Financial Highlights |  |  |  |  |
$ in millions, except per share data | As of and For the Three Months Ended
(unaudited) | December | September | June | March | December
|  | 2025 | 2025 | 2025 | 2025 | 2024
Income Statement Data |  |  |  |  |
Net interest income | $1,529 | $1,520 | $1,495 | $1,437 | $1,437
Net interest income (FTE)(a) | 1,533 | 1,525 | 1,500 | 1,442 | 1,443
Noninterest income | 811 | 781 | 750 | 694 | 732
| Total revenue (FTE)(a) | 2,344 | 2,306 | 2,250 | 2,136 | 2,175
Provision for credit losses | 119 | 197 | 173 | 174 | 179
Noninterest expense | 1,309 | 1,267 | 1,264 | 1,304 | 1,226
Net income | 731 | 649 | 628 | 515 | 620
Net income available to common shareholders | 699 | 608 | 591 | 478 | 582
Earnings Per Share Data |  |  |  |  |
Net income allocated to common shareholders | $699 | $608 | $591 | $478 | $582
Average common shares outstanding (in thousands): |  |  |  |  |
| Basic | 664,384 | 666,427 | 670,787 | 671,052 | 675,307
| Diluted | 669,153 | 670,878 | 674,034 | 676,040 | 681,456
Earnings per share, basic | $1.05 | $0.91 | $0.88 | $0.71 | $0.86
Earnings per share, diluted | 1.04 | 0.91 | 0.88 | 0.71 | 0.85
Common Share Data |  |  |  |  |
Cash dividends per common share | $0.40 | $0.40 | $0.37 | $0.37 | $0.37
Book value per share | 30.18 | 29.26 | 28.47 | 27.41 | 26.17
Market value per share | 46.81 | 44.55 | 41.13 | 39.20 | 42.28
Common shares outstanding (in thousands) | 661,198 | 660,973 | 667,710 | 667,272 | 669,854
Market capitalization | $30,951 | $29,446 | $27,463 | $26,157 | $28,321
Financial Ratios |  |  |  |  |
Return on average assets | 1.36% | % | 1.21% | % | 1.20% | % | 0.99% | % | 1.17% | %
Return on average common equity | 14.0% | % | 12.6% | % | 12.8% | % | 10.8% | % | 13.0% | %
Return on average tangible common equity(a) | 19.0% | % | 17.3% | % | 17.6% | % | 15.2% | % | 18.4% | %
Noninterest income as a percent of total revenue(a) | 35% | % | 34% | % | 33% | % | 32% | % | 34% | %
Dividend payout | 38.1% | % | 44.0% | % | 42.0% | % | 52.1% | % | 43.0% | %
Average total Bancorp shareholders’ equity as a percent of average assets | 10.11% | % | 10.02% | % | 9.82% | % | 9.50% | % | 9.40% | %
Tangible common equity(a) | 8.46% | % | 8.29% | % | 8.38% | % | 8.07% | % | 8.03% | %
Net interest margin (FTE)(a) | 3.13% | % | 3.13% | % | 3.12% | % | 3.03% | % | 2.97% | %
Efficiency (FTE)(a) | 55.8% | % | 54.9% | % | 56.2% | % | 61.0% | % | 56.4% | %
Effective tax rate | 19.8% | % | 22.6% | % | 22.2% | % | 21.2% | % | 18.8% | %
Credit Quality |  |  |  |  |
Net losses charged-off | $125 | $339 | $139 | $136 | $136
Net losses charged-off as a percent of average portfolio loans and leases (annualized) | 0.40% | % | 1.09% | % | 0.45% | % | 0.46% | % | 0.46% | %
ALLL as a percent of portfolio loans and leases | 1.84% | % | 1.84% | % | 1.97% | % | 1.95% | % | 1.96% | %
ACL as a percent of portfolio loans and leases(g) | 1.96% | % | 1.96% | % | 2.09% | % | 2.07% | % | 2.08% | %
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO | 0.65% | % | 0.65% | % | 0.72% | % | 0.81% | % | 0.71% | %
Average Balances |  |  |  |  |
Loans and leases, including held for sale | $124,147 | $123,993 | $123,657 | $121,764 | $118,492
Securities and other short-term investments | 69,997 | 69,507 | 69,025 | 71,044 | 75,021
Assets | 213,021 | 211,770 | 210,554 | 210,558 | 211,709
Transaction deposits(b) | 155,895 | 151,669 | 150,881 | 151,431 | 154,114
Core deposits(c) | 166,436 | 162,510 | 161,375 | 161,811 | 164,706
Wholesale funding(d) | 18,853 | 21,821 | 22,423 | 22,262 | 20,202
Bancorp shareholders’ equity | 21,527 | 21,216 | 20,670 | 20,000 | 19,893
Regulatory Capital Ratios(e)(f) |  |  |  |  |
CET1 capital | 10.77% | % | 10.57% | % | 10.58% | % | 10.43% | % | 10.57% | %
Tier 1 risk-based capital | 11.82% | % | 11.63% | % | 11.85% | % | 11.71% | % | 11.86% | %
Total risk-based capital | 13.73% | % | 13.54% | % | 13.77% | % | 13.63% | % | 13.86% | %
Leverage | 9.42% | % | 9.24% | % | 9.42% | % | 9.23% | % | 9.22% | %
Additional Metrics |  |  |  |  |
Banking centers | 1,130 | 1,102 | 1,089 | 1,084 | 1,089
ATMs | 2,199 | 2,184 | 2,170 | 2,069 | 2,080
Full-time equivalent employees | 18,676 | 18,476 | 18,690 | 18,786 | 18,616
Assets under care ($ in billions)(h) | $690 | $681 | $657 | $639 | $634
Assets under management ($ in billions)(h) | 80 | 77 | 73 | 68 | 69

(a)Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.
(b)Includes demand, interest checking, savings and money market deposits.
(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 as of December 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital.
(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.
15

Fifth Third Bancorp and Subsidiaries |  |  |  |  |  |  |  |
Consolidated Statements of Income |  |  |  |  |  |  |  |
$ in millions | For the Three Months Ended | % Change | Year to Date | % Change
(unaudited) | December | September | December |  |  | December | December |
| 2025 | 2025 | 2024 | Seq | Yr/Yr | 2025 | 2024 | Yr/Yr
Interest Income |  |  |  |  |  |  |  |
Interest and fees on loans and leases | $1,862 | $1,909 | $1,836 | (2%) | 1% | $7,466 | $7,477 | —
Interest on securities | 431 | 444 | 464 | (3%) | (7%) | 1,785 | 1,839 | (3%)
Interest on other short-term investments | 175 | 166 | 228 | 5% | (23%) | 652 | 1,110 | (41%)
Total interest income | 2,468 | 2,519 | 2,528 | (2%) | (2%) | 9,903 | 10,426 | (5%)
Interest Expense |  |  |  |  |  |  |  |
Interest on deposits | 726 | 750 | 856 | (3%) | (15%) | 2,952 | 3,736 | (21%)
Interest on short-term borrowings(a) | 34 | 61 | 25 | (44%) | 36% | 215 | 168 | 28%
Interest on long-term debt | 179 | 188 | 210 | (5%) | (15%) | 754 | 892 | (15%)
Total interest expense | 939 | 999 | 1,091 | (6%) | (14%) | 3,921 | 4,796 | (18%)
Net Interest Income | 1,529 | 1,520 | 1,437 | 1% | 6% | 5,982 | 5,630 | 6%
Provision for credit losses | 119 | 197 | 179 | (40%) | (34%) | 662 | 530 | 25%
Net Interest Income After Provision for Credit Losses | 1,410 | 1,323 | 1,258 | 7% | 12% | 5,320 | 5,100 | 4%
Noninterest Income |  |  |  |  |  |  |  |
Wealth and asset management revenue | 185 | 181 | 163 | 2% | 13% | 704 | 647 | 9%
Commercial payments revenue | 167 | 157 | 155 | 6% | 8% | 630 | 608 | 4%
Consumer banking revenue | 143 | 144 | 137 | (1%) | 4% | 571 | 555 | 3%
Capital markets fees | 121 | 115 | 123 | 5% | (2%) | 415 | 424 | (2%)
Commercial banking revenue | 102 | 87 | 109 | 17% | (6%) | 349 | 377 | (7%)
Mortgage banking net revenue | 56 | 58 | 57 | (3%) | (2%) | 227 | 211 | 8%
Other noninterest income (loss) | 42 | 29 | (4) | 45% | NM | 126 | 12 | 950%
Securities gains (losses), net | (5) | 10 | (8) | NM | (38%) | 13 | 15 | (13%)
Total noninterest income | 811 | 781 | 732 | 4% | 11% | 3,035 | 2,849 | 7%
Noninterest Expense |  |  |  |  |  |  |  |
Compensation and benefits | 683 | 685 | 665 | — | 3% | 2,815 | 2,763 | 2%
Technology and communications | 138 | 128 | 123 | 8% | 12% | 516 | 474 | 9%
Net occupancy expense | 89 | 89 | 88 | — | 1% | 349 | 339 | 3%
Equipment expense | 43 | 44 | 39 | (2%) | 10% | 169 | 153 | 10%
Loan and lease expense | 41 | 39 | 36 | 5% | 14% | 146 | 132 | 11%
Marketing expense | 37 | 34 | 23 | 9% | 61% | 142 | 115 | 23%
Card and processing expense | 27 | 22 | 21 | 23% | 29% | 92 | 84 | 10%
Other noninterest expense | 251 | 226 | 231 | 11% | 9% | 915 | 973 | (6%)
Total noninterest expense | 1,309 | 1,267 | 1,226 | 3% | 7% | 5,144 | 5,033 | 2%
Income Before Income Taxes | 912 | 837 | 764 | 9% | 19% | 3,211 | 2,916 | 10%
Applicable income tax expense | 181 | 188 | 144 | (4%) | 26% | 689 | 602 | 14%
Net Income | 731 | 649 | 620 | 13% | 18% | 2,522 | 2,314 | 9%
Dividends on preferred stock | 32 | 41 | 38 | (22%) | (16%) | 146 | 159 | (8%)
Net Income Available to Common Shareholders | $699 | $608 | $582 | 15% | 20% | $2,376 | $2,155 | 10%

(a)Effective December 31, 2025, interest on federal funds purchased and interest on other short-term borrowings are included in interest on short-term borrowings. Prior periods have been adjusted to conform to current period presentation.
16

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Consolidated Statements of Income |  |  |  |  |
$ in millions | For the Three Months Ended
(unaudited) | December | September | June | March | December
| 2025 | 2025 | 2025 | 2025 | 2024
Interest Income |  |  |  |  |
Interest and fees on loans and leases | $1,862 | $1,909 | $1,881 | $1,816 | $1,836
Interest on securities | 431 | 444 | 458 | 451 | 464
Interest on other short-term investments | 175 | 166 | 145 | 165 | 228
Total interest income | 2,468 | 2,519 | 2,484 | 2,432 | 2,528
Interest Expense |  |  |  |  |
Interest on deposits | 726 | 750 | 732 | 743 | 856
Interest on short-term borrowings(a) | 34 | 61 | 61 | 58 | 25
Interest on long-term debt | 179 | 188 | 196 | 194 | 210
Total interest expense | 939 | 999 | 989 | 995 | 1,091
Net Interest Income | 1,529 | 1,520 | 1,495 | 1,437 | 1,437
Provision for credit losses | 119 | 197 | 173 | 174 | 179
Net Interest Income After Provision for Credit Losses | 1,410 | 1,323 | 1,322 | 1,263 | 1,258
Noninterest Income |  |  |  |  |
Wealth and asset management revenue | 185 | 181 | 166 | 172 | 163
Commercial payments revenue | 167 | 157 | 152 | 153 | 155
Consumer banking revenue | 143 | 144 | 147 | 137 | 137
Capital markets fees | 121 | 115 | 90 | 90 | 123
Commercial banking revenue | 102 | 87 | 79 | 80 | 109
Mortgage banking net revenue | 56 | 58 | 56 | 57 | 57
Other noninterest income (loss) | 42 | 29 | 44 | 14 | (4)
Securities (losses) gains, net | (5) | 10 | 16 | (9) | (8)
Total noninterest income | 811 | 781 | 750 | 694 | 732
Noninterest Expense |  |  |  |  |
Compensation and benefits | 683 | 685 | 698 | 750 | 665
Technology and communications | 138 | 128 | 126 | 123 | 123
Net occupancy expense | 89 | 89 | 83 | 87 | 88
Equipment expense | 43 | 44 | 41 | 42 | 39
Loan and lease expense | 41 | 39 | 36 | 30 | 36
Marketing expense | 37 | 34 | 43 | 28 | 23
Card and processing expense | 27 | 22 | 22 | 21 | 21
Other noninterest expense | 251 | 226 | 215 | 223 | 231
Total noninterest expense | 1,309 | 1,267 | 1,264 | 1,304 | 1,226
Income Before Income Taxes | 912 | 837 | 808 | 653 | 764
Applicable income tax expense | 181 | 188 | 180 | 138 | 144
Net Income | 731 | 649 | 628 | 515 | 620
Dividends on preferred stock | 32 | 41 | 37 | 37 | 38
Net Income Available to Common Shareholders | $699 | $608 | $591 | $478 | $582

(a)Effective December 31, 2025, interest on federal funds purchased and interest on other short-term borrowings are included in interest on short-term borrowings. Prior periods have been adjusted to conform to current period presentation.
17

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Consolidated Balance Sheets |  |  |  |  |
$ in millions, except per share data | As of | % Change
(unaudited) | December | September | December |  |
| 2025 | 2025 | 2024 | Seq | Yr/Yr
Assets |  |  |  |  |
Cash and due from banks | $3,499 | $2,901 | $3,014 | 21% | 16%
Other short-term investments | 18,876 | 17,215 | 17,120 | 10% | 10%
Available-for-sale debt and other securities(a) | 36,159 | 36,461 | 39,547 | (1%) | (9%)
Held-to-maturity securities(b) | 11,368 | 11,498 | 11,278 | (1%) | 1%
Trading debt securities | 1,057 | 1,266 | 1,185 | (17%) | (11%)
Equity securities | 453 | 287 | 341 | 58% | 33%
Loans and leases held for sale | 733 | 576 | 640 | 27% | 15%
Portfolio loans and leases: |  |  |  |  |
Commercial and industrial loans | 52,749 | 53,947 | 52,271 | (2%) | 1%
Commercial mortgage loans | 12,228 | 11,932 | 12,246 | 2% | —
Commercial construction loans | 5,316 | 5,326 | 5,588 | — | (5%)
Commercial leases | 3,269 | 3,218 | 3,188 | 2% | 3%
Total commercial loans and leases | 73,562 | 74,423 | 73,293 | (1%) | —
Residential mortgage loans | 17,652 | 17,644 | 17,543 | — | 1%
Home equity | 4,846 | 4,678 | 4,188 | 4% | 16%
Indirect secured consumer loans | 17,964 | 17,885 | 16,313 | — | 10%
Credit card | 1,747 | 1,692 | 1,734 | 3% | 1%
Solar energy installation loans | 4,560 | 4,432 | 4,202 | 3% | 9%
Other consumer loans | 2,320 | 2,376 | 2,518 | (2%) | (8%)
Total consumer loans | 49,089 | 48,707 | 46,498 | 1% | 6%
Portfolio loans and leases | 122,651 | 123,130 | 119,791 | — | 2%
Allowance for loan and lease losses | (2,253) | (2,265) | (2,352) | (1%) | (4%)
Portfolio loans and leases, net | 120,398 | 120,865 | 117,439 | — | 3%
Bank premises and equipment | 2,734 | 2,655 | 2,475 | 3% | 10%
Operating lease equipment | 374 | 379 | 319 | (1%) | 17%
Goodwill | 4,947 | 4,947 | 4,918 | — | 1%
Intangible assets | 69 | 76 | 90 | (9%) | (23%)
Servicing rights | 1,598 | 1,601 | 1,704 | — | (6%)
Other assets | 12,111 | 12,176 | 12,857 | (1%) | (6%)
Total Assets | $214,376 | $212,903 | $212,927 | 1% | 1%
Liabilities |  |  |  |  |
Deposits: |  |  |  |  |
Demand | $42,647 | $41,830 | $41,038 | 2% | 4%
Interest checking | 61,155 | 57,239 | 59,306 | 7% | 3%
Savings | 16,155 | 16,110 | 17,147 | — | (6%)
Money market | 39,285 | 38,748 | 36,605 | 1% | 7%
CDs $250,000 or less | 10,599 | 10,667 | 10,798 | (1%) | (2%)
CDs over $250,000 | 1,978 | 1,975 | 2,358 | — | (16%)
Total deposits | 171,819 | 166,569 | 167,252 | 3% | 3%
Short-term borrowings(d) | 926 | 5,260 | 4,654 | (82%) | (80%)
Accrued taxes, interest and expenses | 2,083 | 1,943 | 2,137 | 7% | (3%)
Other liabilities | 4,235 | 4,347 | 4,902 | (3%) | (14%)
Long-term debt | 13,589 | 13,677 | 14,337 | (1%) | (5%)
Total Liabilities | 192,652 | 191,796 | 193,282 | — | —
Equity |  |  |  |  |
Common stock(c) | 2,051 | 2,051 | 2,051 | — | —
Preferred stock | 1,770 | 1,770 | 2,116 | — | (16%)
Capital surplus | 3,831 | 3,813 | 3,804 | — | 1%
Retained earnings | 25,488 | 25,057 | 24,150 | 2% | 6%
Accumulated other comprehensive loss | (3,110) | (3,276) | (4,636) | (5%) | (33%)
Treasury stock | (8,306) | (8,308) | (7,840) | — | 6%
Total Equity | 21,724 | 21,107 | 19,645 | 3% | 11%
Total Liabilities and Equity | $214,376 | $212,903 | $212,927 | 1% | 1%
(a) Amortized cost | $39,107 | $39,617 | $43,878 | (1%) | (11%)
(b) Market values | 11,404 |  | 11,506 |  | 10,965 |  | (1%) | %) | 4% | %
(c) Common shares, stated value $2.22 per share (in thousands): |  |  |  |  |
Authorized | 2,000,000 | 2,000,000 | 2,000,000 | — | —
Outstanding, excluding treasury | 661,198 | 660,973 | 669,854 | — | —
Treasury | 262,695 | 262,919 | 254,039 | — | —
(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to current period presentation.

18

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Consolidated Balance Sheets |  |  |  |  |
$ in millions, except per share data | As of
(unaudited) | December | September | June | March | December
| 2025 | 2025 | 2025 | 2025 | 2024
Assets |  |  |  |  |
Cash and due from banks | $3,499 | $2,901 | $2,972 | $3,009 | $3,014
Other short-term investments | 18,876 | 17,215 | 13,043 | 14,965 | 17,120
Available-for-sale debt and other securities(a) | 36,159 | 36,461 | 38,270 | 39,747 | 39,547
Held-to-maturity securities(b) | 11,368 | 11,498 | 11,630 | 11,185 | 11,278
Trading debt securities | 1,057 | 1,266 | 1,324 | 1,159 | 1,185
Equity securities | 453 | 287 | 404 | 494 | 341
Loans and leases held for sale | 733 | 576 | 646 | 473 | 640
Portfolio loans and leases: |  |  |  |  |
Commercial and industrial loans | 52,749 | 53,947 | 53,312 | 53,700 | 52,271
Commercial mortgage loans | 12,228 | 11,932 | 12,112 | 12,357 | 12,246
Commercial construction loans | 5,316 | 5,326 | 5,551 | 5,952 | 5,588
Commercial leases | 3,269 | 3,218 | 3,177 | 3,128 | 3,188
Total commercial loans and leases | 73,562 | 74,423 | 74,152 | 75,137 | 73,293
Residential mortgage loans | 17,652 | 17,644 | 17,681 | 17,581 | 17,543
Home equity | 4,846 | 4,678 | 4,485 | 4,265 | 4,188
Indirect secured consumer loans | 17,964 | 17,885 | 17,591 | 16,804 | 16,313
Credit card | 1,747 | 1,692 | 1,707 | 1,660 | 1,734
Solar energy installation loans | 4,560 | 4,432 | 4,316 | 4,262 | 4,202
Other consumer loans | 2,320 | 2,376 | 2,464 | 2,482 | 2,518
Total consumer loans | 49,089 | 48,707 | 48,244 | 47,054 | 46,498
Portfolio loans and leases | 122,651 | 123,130 | 122,396 | 122,191 | 119,791
Allowance for loan and lease losses | (2,253) | (2,265) | (2,412) | (2,384) | (2,352)
Portfolio loans and leases, net | 120,398 | 120,865 | 119,984 | 119,807 | 117,439
Bank premises and equipment | 2,734 | 2,655 | 2,560 | 2,506 | 2,475
Operating lease equipment | 374 | 379 | 344 | 314 | 319
Goodwill | 4,947 | 4,947 | 4,918 | 4,918 | 4,918
Intangible assets | 69 | 76 | 75 | 82 | 90
Servicing rights | 1,598 | 1,601 | 1,629 | 1,663 | 1,704
Other assets | 12,111 | 12,176 | 12,192 | 12,347 | 12,857
Total Assets | $214,376 | $212,903 | $209,991 | $212,669 | $212,927
Liabilities |  |  |  |  |
Deposits: |  |  |  |  |
Demand | $42,647 | $41,830 | $42,174 | $40,855 | $41,038
Interest checking | 61,155 | 57,239 | 55,524 | 58,420 | 59,306
Savings | 16,155 | 16,110 | 16,614 | 17,583 | 17,147
Money market | 39,285 | 38,748 | 36,586 | 36,505 | 36,605
CDs $250,000 or less | 10,599 | 10,667 | 10,883 | 10,248 | 10,798
CDs over $250,000 | 1,978 | 1,975 | 2,426 | 1,894 | 2,358
Total deposits | 171,819 | 166,569 | 164,207 | 165,505 | 167,252
Short-term borrowings(d) | 926 | 5,260 | 3,571 | 5,684 | 4,654
Accrued taxes, interest and expenses | 2,083 | 1,943 | 1,970 | 1,722 | 2,137
Other liabilities | 4,235 | 4,347 | 4,627 | 4,816 | 4,902
Long-term debt | 13,589 | 13,677 | 14,492 | 14,539 | 14,337
Total Liabilities | 192,652 | 191,796 | 188,867 | 192,266 | 193,282
Equity |  |  |  |  |
Common stock(c) | 2,051 | 2,051 | 2,051 | 2,051 | 2,051
Preferred stock | 1,770 | 1,770 | 2,116 | 2,116 | 2,116
Capital surplus | 3,831 | 3,813 | 3,794 | 3,773 | 3,804
Retained earnings | 25,488 | 25,057 | 24,718 | 24,377 | 24,150
Accumulated other comprehensive loss | (3,110) | (3,276) | (3,546) | (3,895) | (4,636)
Treasury stock | (8,306) | (8,308) | (8,009) | (8,019) | (7,840)
Total Equity | 21,724 | 21,107 | 21,124 | 20,403 | 19,645
Total Liabilities and Equity | $214,376 | $212,903 | $209,991 | $212,669 | $212,927
(a) Amortized cost | $39,107 | $39,617 | $41,731 | $43,445 | $43,878
(b) Market values | 11,404 | 11,506 | 11,547 | 11,072 | 10,965
(c) Common shares, stated value $2.22 per share (in thousands): |  |  |  |  |
Authorized | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000
Outstanding, excluding treasury | 661,198 | 660,973 | 667,710 | 667,272 | 669,854
Treasury | 262,695 | 262,919 | 256,183 | 256,621 | 254,039
(d) Effective December 31, 2025, federal funds purchased and other short-term borrowings are included in short-term borrowings. Prior periods have been adjusted to conform to current period presentation.

19

Fifth Third Bancorp and Subsidiaries |  |  |  |
Consolidated Statements of Changes in Equity |  |  |  |
$ in millions |  |  |  |
(unaudited) |  |  |  |
|  |  | For the Three Months Ended | Year to Date
|  |  | December | December | December | December
|  |  | 2025 | 2024 | 2025 | 2024
Total Equity, Beginning | $21,107 | $20,784 | $19,645 | $19,172
Net income | 731 | 620 | 2,522 | 2,314
Other comprehensive income, net of tax: |  |  |  |
Change in unrealized gains (losses): |  |  |  |
|  | Available-for-sale debt securities | 159 | (747) | 1,049 | 29
|  | Qualifying cash flow hedges | (18) | (468) | 379 | (282)
Amortization of unrealized losses on securities transferred to held-to-maturity | 25 | 25 | 97 | 101
Change in accumulated other comprehensive income related to employee benefit plans | — | — | 1 | 1
Other | — | — | — | 2
Comprehensive income | 897 | (570) | 4,048 | 2,165
Cash dividends declared: |  |  |  |
| Common stock | (268) | (252) | (1,038) | (992)
| Preferred stock | (32) | (38) | (142) | (159)
Impact of stock transactions under stock compensation plans, net | 20 | 24 | 90 | 99
Shares acquired for treasury | — | (303) | (529) | (630)
Redemption of preferred stock | — | — | (350) | —
Impact of cumulative effect of change in accounting principle | — | — | — | (10)
Total Equity, Ending | $21,724 | $19,645 | $21,724 | $19,645

20

Fifth Third Bancorp and Subsidiaries |  |  |  |  |  |  |  |
Average Balance Sheets and Yield/Rate Analysis | For the Three Months Ended
$ in millions | December |  | September |  | December
(unaudited) | 2025 |  | 2025 |  | 2024
| Average | Average |  | Average | Average |  | Average | Average
| Balance | Yield/Rate |  | Balance | Yield/Rate |  | Balance | Yield/Rate
Assets |  |  |  |  |  |  |  |
Interest-earning assets: |  |  |  |  |  |  |  |
Loans and leases: |  |  |  |  |  |  |  |
Commercial and industrial loans(a) | $53,960 | 5.96% | % |  | $54,196 | 6.20% | % |  | $51,575 | 6.65% | %
Commercial mortgage loans(a) | 12,083 | 5.95% | % |  | 12,043 | 6.26% | % |  | 11,822 | 5.76% | %
Commercial construction loans(a) | 5,399 | 6.84% | % |  | 5,541 | 7.17% | % |  | 5,711 | 6.58% | %
Commercial leases(a) | 3,172 | 4.68% | % |  | 3,177 | 4.70% | % |  | 2,902 | 4.62% | %
Total commercial loans and leases | 74,614 | 5.96% | % |  | 74,957 | 6.22% | % |  | 72,010 | 6.42% | %
Residential mortgage loans | 18,358 | 4.01% | % |  | 18,279 | 4.03% | % |  | 17,906 | 3.80% | %
Home equity | 4,770 | 7.23% | % |  | 4,580 | 7.43% | % |  | 4,125 | 7.95% | %
Indirect secured consumer loans | 17,879 | 5.62% | % |  | 17,729 | 5.65% | % |  | 16,100 | 5.53% | %
Credit card | 1,695 | 14.04% | % |  | 1,678 | 14.26% | % |  | 1,668 | 14.24% | %
Solar energy installation loans | 4,486 | 9.00% | % |  | 4,355 | 8.76% | % |  | 4,137 | 7.91% | %
Other consumer loans | 2,345 | 9.33% | % |  | 2,415 | 9.25% | % |  | 2,546 | 9.28% | %
Total consumer loans | 49,533 | 5.94% | % |  | 49,036 | 5.96% | % |  | 46,482 | 5.81% | %
Total loans and leases | 124,147 | 5.96% | % |  | 123,993 | 6.12% | % |  | 118,492 | 6.18% | %
Securities: |  |  |  |  |  |  |  |
Taxable securities | 51,157 | 3.28% | % |  | 53,244 | 3.25% | % |  | 55,319 | 3.27% | %
Tax exempt securities(a) | 1,355 | 3.12% | % |  | 1,348 | 3.18% | % |  | 1,383 | 3.18% | %
Other short-term investments | 17,485 | 3.96% | % |  | 14,915 | 4.43% | % |  | 18,319 | 4.94% | %
Total interest-earning assets | 194,144 | 5.05% | % |  | 193,500 | 5.18% | % |  | 193,513 | 5.21% | %
Cash and due from banks | 2,716 |  |  | 2,485 |  |  | 2,664 |
Other assets | 18,425 |  |  | 18,196 |  |  | 17,838 |
Allowance for loan and lease losses | (2,264) |  |  | (2,411) |  |  | (2,306) |
Total Assets | $213,021 |  |  | $211,770 |  |  | $211,709 |
Liabilities |  |  |  |  |  |  |  |
Interest-bearing liabilities: |  |  |  |  |  |  |  |
Interest checking deposits | $58,612 | 2.45% | % |  | $56,624 | 2.72% | % |  | $59,441 | 2.98% | %
Savings deposits | 16,103 | 0.40% | % |  | 16,376 | 0.46% | % |  | 17,257 | 0.64% | %
Money market deposits | 39,409 | 2.39% | % |  | 37,434 | 2.40% | % |  | 37,279 | 2.65% | %
CDs $250,000 or less | 10,541 | 3.43% | % |  | 10,841 | 3.46% | % |  | 10,592 | 3.95% | %
Total interest-bearing core deposits | 124,665 | 2.25% | % |  | 121,275 | 2.38% | % |  | 124,569 | 2.64% | %
CDs over $250,000 | 1,948 | 3.94% | % |  | 2,244 | 4.00% | % |  | 2,531 | 4.83% | %
Total interest-bearing deposits | 126,613 | 2.28% | % |  | 123,519 | 2.41% | % |  | 127,100 | 2.68% | %
Federal funds purchased | 204 | 3.92% | % |  | 198 | 4.35% | % |  | 223 | 4.73% | %
Securities sold under repurchase agreements | 365 | 1.46% | % |  | 376 | 1.65% | % |  | 313 | 1.15% | %
FHLB advances | 2,552 | 4.47% | % |  | 4,920 | 4.51% | % |  | 1,567 | 4.87% | %
Derivative collateral and other secured borrowings | 84 | 6.92% | % |  | 82 | 6.13% | % |  | 76 | 7.68% | %
Long-term debt | 13,700 | 5.20% | % |  | 14,001 | 5.31% | % |  | 15,492 | 5.40% | %
Total interest-bearing liabilities | 143,518 | 2.60% | % |  | 143,096 | 2.77% | % |  | 144,771 | 3.00% | %
Demand deposits | 41,771 |  |  | 41,235 |  |  | 40,137 |
Other liabilities | 6,205 |  |  | 6,223 |  |  | 6,908 |
Total Liabilities | 191,494 |  |  | 190,554 |  |  | 191,816 |
Total Equity | 21,527 |  |  | 21,216 |  |  | 19,893 |
Total Liabilities and Equity | $213,021 |  |  | $211,770 |  |  | $211,709 |
Ratios: |  |  |  |  |  |  |  |
Net interest margin (FTE)(b) |  | 3.13% | % |  |  | 3.13% | % |  |  | 2.97% | %
Net interest rate spread (FTE)(b) |  | 2.45% | % |  |  | 2.41% | % |  |  | 2.21% | %
Interest-bearing liabilities to interest-earning assets |  | 73.92% | % |  |  | 73.95% | % |  |  | 74.81% | %
(a) Average Yield/Rate of these assets are presented on an FTE basis. |
(b) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on p age 27. |

21

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Average Balance Sheets and Yield/Rate Analysis | Year to Date
$ in millions | December |  | December
(unaudited) | 2025 |  | 2024
| Average | Average |  | Average | Average
| Balance | Yield/Rate |  | Balance | Yield/Rate
Assets |  |  |  |  |
Interest-earning assets: |  |  |  |  |
Loans and leases: |  |  |  |  |
Commercial and industrial loans(a) | $53,927 | 6.16% | % |  | $52,210 | 7.00% | %
Commercial mortgage loans(a) | 12,232 | 6.08% | % |  | 11,501 | 6.14% | %
Commercial construction loans(a) | 5,639 | 7.02% | % |  | 5,835 | 7.02% | %
Commercial leases(a) | 3,145 | 4.75% | % |  | 2,677 | 4.44% | %
Total commercial loans and leases | 74,943 | 6.15% | % |  | 72,223 | 6.77% | %
Residential mortgage loans | 18,194 | 4.00% | % |  | 17,537 | 3.68% | %
Home equity | 4,491 | 7.40% | % |  | 4,002 | 8.25% | %
Indirect secured consumer loans | 17,338 | 5.62% | % |  | 15,583 | 5.27% | %
Credit card | 1,665 | 14.34% | % |  | 1,719 | 13.70% | %
Solar energy installation loans | 4,333 | 8.48% | % |  | 3,960 | 8.04% | %
Other consumer loans | 2,435 | 9.26% | % |  | 2,700 | 9.19% | %
Total consumer loans | 48,456 | 5.91% | % |  | 45,501 | 5.71% | %
Total loans and leases | 123,399 | 6.06% | % |  | 117,724 | 6.36% | %
Securities: |  |  |  |  |
Taxable securities | 53,613 | 3.27% | % |  | 55,227 | 3.26% | %
Tax exempt securities(a) | 1,361 | 3.17% | % |  | 1,392 | 3.25% | %
Other short-term investments | 14,915 | 4.37% | % |  | 20,457 | 5.43% | %
Total interest-earning assets | 193,288 | 5.13% | % |  | 194,800 | 5.36% | %
Cash and due from banks | 2,508 |  |  | 2,677 |
Other assets | 18,040 |  |  | 17,637 |
Allowance for loan and lease losses | (2,353) |  |  | (2,308) |
Total Assets | $211,483 |  |  | $212,806 |
Liabilities |  |  |  |  |
Interest-bearing liabilities: |  |  |  |  |
Interest checking deposits | $57,484 | 2.63% | % |  | $58,757 | 3.28% | %
Savings deposits | 16,663 | 0.47% | % |  | 17,594 | 0.68% | %
Money market deposits | 37,406 | 2.41% | % |  | 36,165 | 2.90% | %
CDs $250,000 or less | 10,565 | 3.50% | % |  | 10,537 | 4.10% | %
Total interest-bearing core deposits | 122,118 | 2.34% | % |  | 123,053 | 2.87% | %
CDs over $250,000 | 2,184 | 4.12% | % |  | 4,069 | 5.11% | %
Total interest-bearing deposits | 124,302 | 2.37% | % |  | 127,122 | 2.94% | %
Federal funds purchased | 200 | 4.26% | % |  | 207 | 5.21% | %
Securities sold under repurchase agreements | 345 | 1.32% | % |  | 362 | 1.86% | %
FHLB advances | 4,299 | 4.56% | % |  | 2,602 | 5.56% | %
Derivative collateral and other secured borrowings | 86 | 6.27% | % |  | 60 | 8.92% | %
Long-term debt | 14,218 | 5.31% | % |  | 15,835 | 5.63% | %
Total interest-bearing liabilities | 143,450 | 2.73% | % |  | 146,188 | 3.28% | %
Demand deposits | 40,926 |  |  | 40,314 |
Other liabilities | 6,249 |  |  | 6,906 |
Total Liabilities | 190,625 |  |  | 193,408 |
Total Equity | 20,858 |  |  | 19,398 |
Total Liabilities and Equity | $211,483 |  |  | $212,806 |
Ratios: |  |  |  |  |
Net interest margin (FTE)(b) |  | 3.11% | % |  |  | 2.90% | %
Net interest rate spread (FTE)(b) |  | 2.40% | % |  |  | 2.08% | %
Interest-bearing liabilities to interest-earning assets |  | 74.22% | % |  |  | 75.05% | %
(a) Average Yield/Rate of these assets are presented on an FTE basis. |  |  |  |  |
(b) Non-GAAP measure; see discussion and reconciliation of non-GAAP measures beginning on page 27.

22

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Summary of Loans and Leases |  |  |  |  |
$ in millions | For the Three Months Ended
(unaudited) | December | September | June | March | December
| 2025 | 2025 | 2025 | 2025 | 2024
Average Portfolio Loans and Leases |  |  |  |  |
Commercial loans and leases: |  |  |  |  |
Commercial and industrial loans | $53,947 | $54,170 | $54,075 | $53,401 | $51,567
Commercial mortgage loans | 12,079 | 12,027 | 12,410 | 12,368 | 11,792
Commercial construction loans | 5,399 | 5,541 | 5,810 | 5,797 | 5,702
Commercial leases | 3,172 | 3,177 | 3,120 | 3,110 | 2,902
Total commercial loans and leases | 74,597 | 74,915 | 75,415 | 74,676 | 71,963
Consumer loans: |  |  |  |  |
Residential mortgage loans | 17,660 | 17,656 | 17,615 | 17,552 | 17,322
Home equity | 4,769 | 4,579 | 4,383 | 4,222 | 4,125
Indirect secured consumer loans | 17,879 | 17,729 | 17,248 | 16,476 | 16,100
Credit card | 1,694 | 1,678 | 1,659 | 1,627 | 1,668
Solar energy installation loans | 4,486 | 4,355 | 4,268 | 4,221 | 4,137
Other consumer loans | 2,345 | 2,414 | 2,483 | 2,498 | 2,545
Total consumer loans | 48,833 | 48,411 | 47,656 | 46,596 | 45,897
Total average portfolio loans and leases | $123,430 | $123,326 | $123,071 | $121,272 | $117,860
Average Loans and Leases Held for Sale |  |  |  |  |
Commercial loans and leases held for sale | $19 | $44 | $45 | $64 | $48
Consumer loans held for sale | 698 | 623 | 541 | 428 | 584
Average loans and leases held for sale | $717 | $667 | $586 | $492 | $632
End of Period Portfolio Loans and Leases |  |  |  |  |
Commercial loans and leases: |  |  |  |  |
Commercial and industrial loans | $52,749 | $53,947 | $53,312 | $53,700 | $52,271
Commercial mortgage loans | 12,228 | 11,932 | 12,112 | 12,357 | 12,246
Commercial construction loans | 5,316 | 5,326 | 5,551 | 5,952 | 5,588
Commercial leases | 3,269 | 3,218 | 3,177 | 3,128 | 3,188
Total commercial loans and leases | 73,562 | 74,423 | 74,152 | 75,137 | 73,293
Consumer loans: |  |  |  |  |
Residential mortgage loans | 17,652 | 17,644 | 17,681 | 17,581 | 17,543
Home equity | 4,846 | 4,678 | 4,485 | 4,265 | 4,188
Indirect secured consumer loans | 17,964 | 17,885 | 17,591 | 16,804 | 16,313
Credit card | 1,747 | 1,692 | 1,707 | 1,660 | 1,734
Solar energy installation loans | 4,560 | 4,432 | 4,316 | 4,262 | 4,202
Other consumer loans | 2,320 | 2,376 | 2,464 | 2,482 | 2,518
Total consumer loans | 49,089 | 48,707 | 48,244 | 47,054 | 46,498
Total portfolio loans and leases | $122,651 | $123,130 | $122,396 | $122,191 | $119,791
End of Period Loans and Leases Held for Sale |  |  |  |  |
Commercial loans and leases held for sale | $75 | $8 | $74 | $28 | $66
Consumer loans held for sale | 658 | 568 | 572 | 445 | 574
Loans and leases held for sale | $733 | $576 | $646 | $473 | $640
Operating lease equipment | $374 | $379 | $344 | $314 | $319
Loans and Leases Serviced for Others(a) |  |  |  |  |
Commercial and industrial loans | $1,290 | $1,206 | $1,166 | $1,104 | $1,071
Commercial mortgage loans | 501 | 558 | 601 | 603 | 579
Commercial construction loans | 291 | 304 | 333 | 367 | 348
Commercial leases | 853 | 764 | 757 | 755 | 725
Residential mortgage loans | 87,827 | 89,639 | 91,201 | 92,769 | 94,225
Solar energy installation loans | 686 | 692 | 557 | 575 | 593
Other consumer loans | 92 | 98 | 105 | 112 | 119
Total loans and leases serviced for others | 91,540 | 93,261 | 94,720 | 96,285 | 97,660
Total loans and leases owned or serviced | $215,298 | $217,346 | $218,106 | $219,263 | $218,410

(a)Fifth Third sells certain loans and leases and obtains servicing responsibilities.
23

Fifth Third Bancorp and Subsidiaries |  |  |  |  |  |
Regulatory Capital |  |
$ in millions |  | As of
(unaudited) |  | December | September | June | March | December
|  |  | 2025(a) | 2025 | 2025 | 2025 | 2024
Regulatory Capital(b) |  |  |  |  |  |
CET1 capital |  | $18,101 | $17,645 | $17,616 | $17,239 | $17,339
Additional tier 1 capital |  | 1,770 | 1,770 | 2,116 | 2,116 | 2,116
Tier 1 capital |  | 19,871 | 19,415 | 19,732 | 19,355 | 19,455
Tier 2 capital |  | 3,204 | 3,204 | 3,197 | 3,175 | 3,291
Total regulatory capital |  | $23,075 | $22,619 | $22,929 | $22,530 | $22,746
Risk-weighted assets |  | $168,121 | $166,999 | $166,517 | $165,326 | $164,102
Ratios |  |  |  |  |  |
Average total Bancorp shareholders' equity as a percent of average assets |  | 10.11% | % | 10.02% | % | 9.82% | % | 9.50% | % | 9.40% | %
Regulatory Capital Ratios(b) |  |  |  |  |  |
Fifth Third Bancorp |  |  |  |  |  |
| CET1 capital |  | 10.77% | % | 10.57% | % | 10.58% | % | 10.43% | % | 10.57% | %
| Tier 1 risk-based capital |  | 11.82% | % | 11.63% | % | 11.85% | % | 11.71% | % | 11.86% | %
| Total risk-based capital |  | 13.73% | % | 13.54% | % | 13.77% | % | 13.63% | % | 13.86% | %
| Leverage |  | 9.42% | % | 9.24% | % | 9.42% | % | 9.23% | % | 9.22% | %
Fifth Third Bank, National Association |  |  |  |  |  |
| Tier 1 risk-based capital |  | 13.04% | % | 12.95% | % | 12.87% | % | 12.78% | % | 12.86% | %
| Total risk-based capital |  | 14.28% | % | 14.19% | % | 14.12% | % | 14.02% | % | 14.19% | %
| Leverage |  | 10.41% | % | 10.31% | % | 10.25% | % | 10.10% | % | 10.02% | %

(a)Current period regulatory capital data and ratios are estimated.
(b)Regulatory capital ratios as of December 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital.
24

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Summary of Credit Loss Experience |  |  |  |  |
$ in millions | For the Three Months Ended
(unaudited) | December | September | June | March | December
| 2025 | 2025 | 2025 | 2025 | 2024
Average portfolio loans and leases: |  |  |  |  |
Commercial and industrial loans | $53,947 | $54,170 | $54,075 | $53,401 | $51,567
Commercial mortgage loans | 12,079 | 12,027 | 12,410 | 12,368 | 11,792
Commercial construction loans | 5,399 | 5,541 | 5,810 | 5,797 | 5,702
Commercial leases | 3,172 | 3,177 | 3,120 | 3,110 | 2,902
Total commercial loans and leases | 74,597 | 74,915 | 75,415 | 74,676 | 71,963
Residential mortgage loans | 17,660 | 17,656 | 17,615 | 17,552 | 17,322
Home equity | 4,769 | 4,579 | 4,383 | 4,222 | 4,125
Indirect secured consumer loans | 17,879 | 17,729 | 17,248 | 16,476 | 16,100
Credit card | 1,694 | 1,678 | 1,659 | 1,627 | 1,668
Solar energy installation loans | 4,486 | 4,355 | 4,268 | 4,221 | 4,137
Other consumer loans | 2,345 | 2,414 | 2,483 | 2,498 | 2,545
Total consumer loans | 48,833 | 48,411 | 47,656 | 46,596 | 45,897
Total average portfolio loans and leases | $123,430 | $123,326 | $123,071 | $121,272 | $117,860
Losses charged-off: |  |  |  |  |
Commercial and industrial loans | ($61) | ($280) | ($84) | ($54) | ($61)
Commercial mortgage loans | (7) | (2) | (4) | (11) | —
Commercial construction loans | — | — | — | — | —
Commercial leases | (1) | — | (2) | (2) | (2)
Total commercial loans and leases | (69) | (282) | (90) | (67) | (63)
Residential mortgage loans | — | — | — | — | (1)
Home equity | (2) | (1) | (2) | (2) | (2)
Indirect secured consumer loans | (41) | (34) | (33) | (36) | (39)
Credit card | (20) | (20) | (20) | (22) | (21)
Solar energy installation loans | (22) | (20) | (23) | (21) | (20)
Other consumer loans | (23) | (25) | (26) | (25) | (29)
Total consumer loans | (108) | (100) | (104) | (106) | (112)
Total losses charged-off | ($177) | ($382) | ($194) | ($173) | ($175)
Recoveries of losses previously charged-off: |  |  |  |  |
Commercial and industrial loans | $17 | $6 | $15 | $2 | $6
Commercial mortgage loans | 1 | 1 | 1 | 1 | —
Commercial construction loans | — | — | — | — | —
Commercial leases | — | — | 3 | — | —
Total commercial loans and leases | 18 | 7 | 19 | 3 | 6
Residential mortgage loans | 1 | 1 | 1 | — | 1
Home equity | 1 | 2 | 2 | 2 | 2
Indirect secured consumer loans | 14 | 16 | 17 | 15 | 12
Credit card | 5 | 4 | 5 | 5 | 4
Solar energy installation loans | 5 | 4 | 3 | 3 | 3
Other consumer loans | 8 | 9 | 8 | 9 | 11
Total consumer loans | 34 | 36 | 36 | 34 | 33
Total recoveries of losses previously charged-off | $52 | $43 | $55 | $37 | $39
Net losses charged-off: |  |  |  |  |
Commercial and industrial loans | ($44) | ($274) | ($69) | ($52) | ($55)
Commercial mortgage loans | (6) | (1) | (3) | (10) | —
Commercial construction loans | — | — | — | — | —
Commercial leases | (1) | — | 1 | (2) | (2)
Total commercial loans and leases | (51) | (275) | (71) | (64) | (57)
Residential mortgage loans | 1 | 1 | 1 | — | —
Home equity | (1) | 1 | — | — | —
Indirect secured consumer loans | (27) | (18) | (16) | (21) | (27)
Credit card | (15) | (16) | (15) | (17) | (17)
Solar energy installation loans | (17) | (16) | (20) | (18) | (17)
Other consumer loans | (15) | (16) | (18) | (16) | (18)
Total consumer loans | (74) | (64) | (68) | (72) | (79)
Total net losses charged-off | ($125) | ($339) | ($139) | ($136) | ($136)
Net losses charged-off as a percent of average portfolio loans and leases (annualized): |  |  |  |  |
Commercial and industrial loans | 0.32% | % | 2.01% | % | 0.51% | % | 0.39% | % | 0.42% | %
Commercial mortgage loans | 0.21% | % | 0.04% | % | 0.11% | % | 0.34% | % | 0.01% | %
Commercial construction loans | — |  | — |  | — |  | — |  | — |
Commercial leases | 0.16% | % | (0.04%) | %) | (0.10%) | %) | 0.29% | % | 0.32% | %
Total commercial loans and leases | 0.27% | % | 1.46% | % | 0.38% | % | 0.35% | % | 0.32% | %
Residential mortgage loans | (0.01%) | %) | (0.02%) | %) | (0.01%) | %) | — |  | (0.01%) | %)
Home equity | 0.06% | % | (0.05%) | %) | 0.02% | % | 0.04% | % | (0.01%) | %)
Indirect secured consumer loans | 0.59% | % | 0.40% | % | 0.37% | % | 0.53% | % | 0.66% | %
Credit card | 3.62% | % | 3.70% | % | 3.74% | % | 4.19% | % | 4.00% | %
Solar energy installation loans | 1.45% | % | 1.47% | % | 1.86% | % | 1.73% | % | 1.64% | %
Other consumer loans | 2.46% | % | 2.51% | % | 2.49% | % | 2.52% | % | 2.84% | %
Total consumer loans | 0.59% | % | 0.52% | % | 0.56% | % | 0.63% | % | 0.68% | %
Total net losses charged-off as a percent of average portfolio loans and leases (annualized) | 0.40% | % | 1.09% | % | 0.45% | % | 0.46% | % | 0.46% | %

25

Fifth Third Bancorp and Subsidiaries |  |  |  |  |
Asset Quality |  |  |  |  |
$ in millions | For the Three Months Ended
(unaudited) | December | September | June | March | December
|  | 2025 | 2025 | 2025 | 2025 | 2024
Allowance for Credit Losses |  |  |  |  |
Allowance for loan and lease losses, beginning | $2,265 | $2,412 | $2,384 | $2,352 | $2,305
Total net losses charged-off | (125) | (339) | (139) | (136) | (136)
Provision for loan and lease losses | 113 | 192 | 167 | 168 | 183
Allowance for loan and lease losses, ending | $2,253 | $2,265 | $2,412 | $2,384 | $2,352
Reserve for unfunded commitments, beginning | $151 | $146 | $140 | $134 | $138
Provision for (benefit from) the reserve for unfunded commitments | 6 | 5 | 6 | 6 | (4)
Reserve for unfunded commitments, ending | $157 | $151 | $146 | $140 | $134
Components of allowance for credit losses: |  |  |  |  |
Allowance for loan and lease losses | $2,253 | $2,265 | $2,412 | $2,384 | $2,352
Reserve for unfunded commitments | 157 | 151 | 146 | 140 | 134
Total allowance for credit losses | $2,410 | $2,416 | $2,558 | $2,524 | $2,486
|  | As of
|  | December | September | June | March | December
|  | 2025 | 2025 | 2025 | 2025 | 2024
Nonperforming Assets and Delinquent Loans |  |  |  |  |
Nonaccrual portfolio loans and leases: |  |  |  |  |
Commercial and industrial loans | $393 | $393 | $460 | $537 | $374
Commercial mortgage loans | 34 | 42 | 48 | 70 | 79
Commercial construction loans | — | — | — | — | 1
Commercial leases | — | — | — | 16 | 2
Residential mortgage loans | 149 | 142 | 143 | 145 | 137
Home equity | 71 | 72 | 75 | 69 | 70
Indirect secured consumer loans | 61 | 61 | 65 | 60 | 55
Credit card | 29 | 29 | 29 | 31 | 32
Solar energy installation loans | 22 | 22 | 26 | 30 | 64
Other consumer loans | 8 | 7 | 7 | 8 | 9
Total nonaccrual portfolio loans and leases | 767 | 768 | 853 | 966 | 823
Repossessed property | 11 | 12 | 8 | 9 | 9
OREO | 19 | 21 | 25 | 21 | 21
Total nonperforming portfolio loans and leases and OREO | 797 | 801 | 886 | 996 | 853
Nonaccrual loans held for sale | 70 | 4 | 27 | 21 | 7
Total nonperforming assets | $867 | $805 | $913 | $1,017 | $860
Loans and leases 90 days past due (accrual): |  |  |  |  |
Commercial and industrial loans | $2 | $2 | $5 | $2 | $5
Commercial mortgage loans | — | — | 3 | 6 | —
Commercial construction loans |  | 1 | — | — | — | —
Commercial leases | — | — | — | — | 1
Total commercial loans and leases | 3 | 2 | 8 | 8 | 6
Residential mortgage loans(c) | 10 | 11 | 8 | 8 | 6
Credit card | 17 | 16 | 18 | 17 | 20
Total consumer loans | 27 | 27 | 26 | 25 | 26
Total loans and leases 90 days past due (accrual)(b) | $30 | $29 | $34 | $33 | $32
Ratios |  |  |  |  |
Net losses charged-off as a percent of average portfolio loans and leases (annualized) | 0.40% | % | 1.09% | % | 0.45% | % | 0.46% | % | 0.46% | %
Allowance for credit losses: |  |  |  |  |
As a percent of portfolio loans and leases | 1.96% | % | 1.96% | % | 2.09% | % | 2.07% | % | 2.08% | %
As a percent of nonperforming portfolio loans and leases(a) | 314% | % | 314% | % | 300% | % | 261% | % | 302% | %
As a percent of nonperforming portfolio assets(a) | 302% | % | 302% | % | 289% | % | 253% | % | 291% | %
Nonperforming portfolio loans and leases as a percent of portfolio loans and leases(a) | 0.62% | % | 0.62% | % | 0.70% | % | 0.79% | % | 0.69% | %
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a) | 0.65% | % | 0.65% | % | 0.72% | % | 0.81% | % | 0.71% | %
Nonperforming assets as a percent of total loans and leases, OREO, and repossessed property | 0.70% | % | 0.65% | % | 0.74% | % | 0.83% | % | 0.71% | %
(a) Excludes nonaccrual loans held for sale.
(b) Excludes loans held for sale.
(c) Excludes government guaranteed residential mortgage loans.

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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),” "adjusted total revenue," “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, adjusted total revenue, 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.
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| Fifth Third Bancorp and Subsidiaries |  |  |  |  |
| Non-GAAP Reconciliation |  |  |  |  |
| $ and shares in millions | As of and For the Three Months Ended
| (unaudited) | December | September | June | March | December
|  |  | 2025 | 2025 | 2025 | 2025 | 2024
| Net interest income | $1,529 | $1,520 | $1,495 | $1,437 | $1,437
| Add: Taxable equivalent adjustment | 4 | 5 | 5 | 5 | 6
| Net interest income (FTE) (a) | 1,533 | 1,525 | 1,500 | 1,442 | 1,443
| Net interest income (annualized) (b) | 6,066 | 6,030 | 5,996 | 5,828 | 5,717
| Net interest income (FTE) (annualized) (c) | 6,082 | 6,050 | 6,016 | 5,848 | 5,741
| Interest income | 2,468 | 2,519 | 2,484 | 2,432 | 2,528
| Add: Taxable equivalent adjustment | 4 | 5 | 5 | 5 | 6
| Interest income (FTE) | 2,472 | 2,524 | 2,489 | 2,437 | 2,534
| Interest income (FTE) (annualized) (d) | 9,807 | 10,014 | 9,983 | 9,883 | 10,081
| Interest expense (annualized) (e) | 3,725 | 3,963 | 3,967 | 4,035 | 4,340
| Average interest-earning assets (f) | 194,144 | 193,500 | 192,682 | 192,808 | 193,513
| Average interest-bearing liabilities (g) | 143,518 | 143,096 | 142,913 | 144,285 | 144,771
| Net interest margin (b) / (f) | 3.12 % | % | 3.12 % | % | 3.11 % | % | 3.02 % | % | 2.95 % | %
| Net interest margin (FTE) (c) / (f) | 3.13 % | % | 3.13 % | % | 3.12 % | % | 3.03 % | % | 2.97 % | %
| Net interest rate spread (FTE) (d) / (f) - (e) / (g) | 2.45 % | % | 2.41 % | % | 2.40 % | % | 2.33 % | % | 2.21 % | %
| Income before income taxes | $912 | $837 | $808 | $653 | $764
| Add: Taxable equivalent adjustment | 4 | 5 | 5 | 5 | 6
| Income before income taxes (FTE) | 916 | 842 | 813 | 658 | 770
| Net income available to common shareholders | 699 | 608 | 591 | 478 | 582
| Add: Intangible amortization, net of tax | 5 | 5 | 5 | 6 | 7
| Tangible net income available to common shareholders (h) | 704 | 613 | 596 | 484 | 589
| Tangible net income available to common shareholders (annualized) (i) | 2,793 | 2,432 | 2,391 | 1,963 | 2,343
| Average Bancorp shareholders’ equity | 21,527 | 21,216 | 20,670 | 20,000 | 19,893
| Less: | Average preferred stock | (1,770) | (2,112) | (2,116) | (2,116) | (2,116)
|  | Average goodwill | (4,947) | (4,937) | (4,918) | (4,918) | (4,918)
|  | Average intangible assets | (72) | (77) | (79) | (86) | (94)
| Average tangible common equity, including AOCI (j) | 14,738 | 14,090 | 13,557 | 12,880 | 12,765
| Less: | Average AOCI | 3,137 | 3,520 | 3,935 | 4,362 | 4,292
| Average tangible common equity, excluding AOCI (k) | 17,875 | 17,610 | 17,492 | 17,242 | 17,057
| Total Bancorp shareholders’ equity | 21,724 | 21,107 | 21,124 | 20,403 | 19,645
| Less: | Preferred stock | (1,770) | (1,770) | (2,116) | (2,116) | (2,116)
|  | Goodwill | (4,947) | (4,947) | (4,918) | (4,918) | (4,918)
|  | Intangible assets | (69) | (76) | (75) | (82) | (90)
| Tangible common equity, including AOCI (l) | 14,938 | 14,314 | 14,015 | 13,287 | 12,521
| Less: | AOCI | 3,110 | 3,276 | 3,546 | 3,895 | 4,636
| Tangible common equity, excluding AOCI (m) | 18,048 | 17,590 | 17,561 | 17,182 | 17,157
| Add: | Preferred stock | 1,770 | 1,770 | 2,116 | 2,116 | 2,116
| Tangible equity (n) | 19,818 | 19,360 | 19,677 | 19,298 | 19,273
| Total assets | 214,376 | 212,903 | 209,991 | 212,669 | 212,927
| Less: | Goodwill | (4,947) | (4,947) | (4,918) | (4,918) | (4,918)
|  | Intangible assets | (69) | (76) | (75) | (82) | (90)
| Tangible assets, including AOCI (o) | 209,360 | 207,880 | 204,998 | 207,669 | 207,919
| Less: | AOCI, before tax | 4,092 | 4,311 | 4,666 | 5,125 | 5,868
| Tangible assets, excluding AOCI (p) | $213,452 | $212,191 | $209,664 | $212,794 | $213,787
| Common shares outstanding (q) | 661 | 661 | 668 | 667 | 670
| Tangible equity (n) / (p) | 9.28% | % | 9.12% | % | 9.39% | % | 9.07% | % | 9.02% | %
| Tangible common equity (excluding AOCI) (m) / (p) | 8.46% | % | 8.29% | % | 8.38% | % | 8.07% | % | 8.03% | %
| Tangible common equity (including AOCI) (l) / (o) | 7.14% | % | 6.89% | % | 6.84% | % | 6.40% | % | 6.02% | %
| Tangible book value per share (including AOCI) (l) / (q) | $22.60 | $21.66 | $20.98 | $19.92 | $18.69
| Tangible book value per share (excluding AOCI) (m) / (q) | $27.30 | $26.61 | $26.29 | $25.76 | $25.61

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| Fifth Third Bancorp and Subsidiaries |  |  |  |  |  |  |
| Non-GAAP Reconciliation |  |  |  |  |  |  |
| $ in millions | For the Three Months Ended |  |
| (unaudited) | December |  | September |  | December |  |
|  |  | 2025 |  | 2025 |  | 2024 |  |
| Net income (r) | $731 |  | $649 |  | $620 |  |
| Net income (annualized) (s) | 2,900 |  | 2,575 |  | 2,467 |  |
| Adjustments (pre-tax items) |  |  |  |  |  |  |
|  | Interchange litigation matters | 11 |  | 27 |  | 55 |  |
|  | Non-qualified deferred compensation expense/(benefit) | (5) |  | 11 |  | (7) |  |
|  | Securities (gains)/losses | 5 |  | (10) |  | 8 |  |
|  | Litigation settlements | (12) |  | — |  | — |  |
|  | Merger-related expenses | 13 |  | — |  | — |  |
|  | FDIC special assessment | (25) |  | (6) |  | (11) |  |
|  | Fifth Third Foundation contribution | 50 |  | — |  | 15 |  |
| Adjustments, after-tax (t)(a)(b) | 31 |  | 16 |  | 47 |  |
| Adjustments (tax related items) |  |  |  |  |  |  |
|  | Benefit related to the resolution of certain tax matters | (7) |  | — |  | (15) |  |
| Adjustments (tax related items) (u) | (7) |  | — |  | (15) |  |
| Noninterest income (v) | 811 |  | 781 |  | 732 |  |
|  | Interchange litigation matters | 8 |  | 18 |  | 51 |  |
|  | Litigation settlements | (12) |  | — |  | — |  |
| Noninterest income excluding certain item(s) | 807 |  | 799 |  | 783 |  |
|  | Securities (gains)/losses | 5 |  | (10) |  | 8 |  |
| Adjusted noninterest income, excluding certain items and securities (gains)/losses (w) | 812 |  | 789 |  | 791 |  |
| Noninterest expense (x) | 1,309 |  | 1,267 |  | 1,226 |  |
|  | Interchange litigation matters | (3) |  | (9) |  | (4) |  |
|  | Merger-related expenses | (13) |  | — |  | — |  |
|  | FDIC special assessment | 25 |  | 6 |  | 11 |  |
|  | Fifth Third Foundation contribution | (50) |  | — |  | (15) |  |
| Noninterest expense excluding certain item(s) | 1,268 |  | 1,264 |  | 1,218 |  |
|  | Non-qualified deferred compensation (expense)/benefit | 5 |  | (11) |  | 7 |  |
| Adjusted noninterest expense, excluding certain items and non-qualified deferred compensation (y) | 1,273 |  | 1,253 |  | 1,225 |  |
| Adjusted net income (r) + (t) + (u) | 755 |  | 665 |  | 652 |  |
| Adjusted net income (annualized) (z) | 2,995 |  | 2,638 |  | 2,594 |  |
| Adjusted tangible net income available to common shareholders (h) + (t) + (u) | 728 |  | 629 |  | 621 |  |
| Adjusted tangible net income available to common shareholders (annualized) (aa) | 2,888 |  | 2,495 |  | 2,470 |  |
| Average assets (ab) | $213,021 |  | $211,770 |  | $211,709 |  |
| Return on average tangible common equity (i) / (j) | 19.0% | % |  | 17.3% | % |  | 18.4% | % |  |
| Return on average tangible common equity excluding AOCI (i) / (k) | 15.6% | % |  | 13.8% | % |  | 13.7% | % |  |
| Adjusted return on average tangible common equity, including AOCI (aa) / (j) | 19.6% | % |  | 17.7% | % |  | 19.3% | % |  |
| Adjusted return on average tangible common equity, excluding AOCI (aa) / (k) | 16.2% | % |  | 14.2% | % |  | 14.5% | % |  |
| Return on average assets (s) / (ab) | 1.36% | % |  | 1.21% | % |  | 1.17% | % |  |
| Adjusted return on average assets (z) / (ab) | 1.41% | % |  | 1.25% | % |  | 1.23% | % |  |
| Efficiency ratio (FTE) (x) / [(a) + (v)] | 55.8% | % |  | 54.9% | % |  | 56.4% | % |  |
| Adjusted efficiency ratio (y) / [(a) + (w)] | 54.3% | % |  | 54.1% | % |  | 54.8% | % |  |
| Total revenue (FTE) (a) + (v) | $2,344 |  | $2,306 |  | $2,175 |  |
| Adjusted total revenue (FTE) (a) + (w) | $2,345 |  | $2,314 |  | $2,234 |  |
| Pre-provision net revenue (PPNR) (a) + (v) - (x) | $1,035 |  | $1,039 |  | $949 |  |
| Adjusted pre-provision net revenue (PPNR) (a) + (w) - (y) | $1,072 |  | $1,061 |  | $1,009 |  |
| Totals may not foot due to rounding. |  |
| (a) Assumes a 23% tax rate in 2024 and a 24% tax rate in 2025. |  |
| (b) A portion of the adjustments related to merger-related expenses are not tax-deductible. |  |

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Fifth Third Bancorp and Subsidiaries |  |  |  |  |  |
Segment Presentation(b) |  |  |  |  |  |
$ in millions |  |  |  |  |  |
(unaudited) |  |  |  |  |  |
For the three months ended December 31, 2025 | Commercial Banking | Consumer and Small Business Banking | Wealth and Asset Management | General Corporate and Other | Total |
Net interest income (FTE)(a) | $581 | $1,026 | $52 | $(126) | $1,533 |
(Provision for) benefit from credit losses | (46) | (84) | — | 11 | (119) |
Net interest income after (provision for) benefit from credit losses | 535 | 942 | 52 | (115) | 1,414 |
Noninterest income | 386 | 311 | 111 | 3 | 811 |
Noninterest expense | (476) | (645) | (97) | (91) | (1,309) |
Income (loss) before income taxes (FTE)(a) | $445 | $608 | $66 | $(203) | $916 |
For the three months ended September 30, 2025 | Commercial Banking | Consumer and Small Business Banking | Wealth and Asset Management | General Corporate and Other | Total |
Net interest income (FTE)(a) | $594 | $1,082 | $55 | $(206) | $1,525 |
(Provision for) benefit from credit losses | (246) | (73) | — | 122 | (197) |
Net interest income after (provision for) benefit from credit losses | 348 | 1,009 | 55 | (84) | 1,328 |
Noninterest income | 357 | 309 | 109 | 6 | 781 |
Noninterest expense | (454) | (653) | (93) | (67) | (1,267) |
Income (loss) before income taxes (FTE)(a) | $251 | $665 | $71 | $(145) | $842 |
For the three months ended June 30, 2025 | Commercial Banking | Consumer and Small Business Banking | Wealth and Asset Management | General Corporate and Other | Total |
Net interest income (FTE)(a) | $595 | $1,085 | $57 | $(237) | $1,500 |
(Provision for) benefit from credit losses | (79) | (84) | 2 | (12) | (173) |
Net interest income after (provision for) benefit from credit losses | 516 | 1,001 | 59 | (249) | 1,327 |
Noninterest income | 321 | 293 | 101 | 35 | 750 |
Noninterest expense | (453) | (646) | (95) | (70) | (1,264) |
Income (loss) before income taxes (FTE)(a) | $384 | $648 | $65 | $(284) | $813 |
For the three months ended March 31, 2025 | Commercial Banking | Consumer and Small Business Banking | Wealth and Asset Management | General Corporate and Other | Total |
Net interest income (FTE)(a) | $552 | $975 | $49 | $(134) | $1,442 |
Provision for credit losses | (80) | (84) | — | (10) | (174) |
Net interest income after provision for credit losses | 472 | 891 | 49 | (144) | 1,268 |
Noninterest income | 301 | 281 | 109 | 3 | 694 |
Noninterest expense | (511) | (650) | (106) | (37) | (1,304) |
Income (loss) before income taxes (FTE)(a) | $262 | $522 | $52 | $(178) | $658 |
For the three months ended December 31, 2024 | Commercial Banking | Consumer and Small Business Banking | Wealth and Asset Management | General Corporate and Other | Total |
Net interest income (FTE)(a) | $598 | $984 | $48 | $(187) | $1,443 |
Provision for credit losses | (21) | (89) | — | (69) | (179) |
Net interest income after provision for credit losses | 577 | 895 | 48 | (256) | 1,264 |
Noninterest income | 373 | 278 | 103 | (22) | 732 |
Noninterest expense | (452) | (617) | (94) | (63) | (1,226) |
Income (loss) before income taxes (FTE)(a) | $498 | $556 | $57 | $(341) | $770 |
(a) Includes taxable equivalent adjustments of $4 million for the three months ended December 31, 2025, $5 million for the three months ended September 30, 2025, June 30, 2025 and March 31, 2025 and $6 million for the three months ended December 31, 2024. |
(b) During the first quarter of 2025, the Bancorp realigned its reporting structure and moved certain business banking customer relationships and relationship management personnel to the Consumer and Small Business Banking segment from the Commercial Banking segment. Prior period results have been adjusted to reflect current presentation. |

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