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Business Segments
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Business Segments Business Segments
The Bancorp has three reportable segments: Commercial Banking, Consumer and Small Business Banking and Wealth and Asset Management. The Bancorp’s reportable segments have been determined based on its management structure and management accounting practices. This presentation is aligned with how results are reviewed internally by the Bancorp’s Chairman, Chief Executive Officer and President, which the Bancorp has determined to be its Chief Operating Decision Maker (“CODM”). For each of the Bancorp’s segments, the CODM primarily uses segment income before income taxes on an FTE basis to allocate resources such as employees and capital. The CODM also monitors trends in net interest income, noninterest income and noninterest expense to evaluate the financial performance of each segment and make resource allocation decisions. These decisions also consider segment-specific events and circumstances, general market conditions, forecasts and variances to annual budgets. Additionally, the CODM uses segment average assets as a measure to allocate resources to the segments.

The Bancorp manages interest rate risk centrally at the corporate level. By employing an FTP methodology, the segments are insulated from most benchmark interest rate volatility, enabling them to focus on serving customers through the origination of loans and acceptance of deposits. The FTP methodology assigns charge and credit rates to classes of assets and liabilities, respectively, based on the estimated amount and timing of the cash flows for each transaction. Assigning the FTP rate based on matching the duration of cash flows allocates interest income and interest expense to each segment so its resulting net interest income is insulated from future changes in benchmark interest rates. The Bancorp’s FTP methodology also allocates the contribution to net interest income of the asset-generating and deposit-providing businesses on a duration-adjusted basis to better attribute the driver of the performance. As the asset and liability durations are not perfectly matched, the residual impact of the FTP methodology is captured in General Corporate and Other. The charge and credit rates are determined using the FTP rate curve, which is based on an estimate of Fifth Third’s marginal borrowing cost in the wholesale funding markets. The FTP curve is constructed using the U.S. swap curve, brokered CD pricing and unsecured debt pricing.

The Bancorp adjusts the FTP charge and credit rates as dictated by changes in interest rates for various interest-earning assets and interest-bearing liabilities and by the review of behavioral assumptions, such as prepayment rates on interest-earning assets and the estimated durations for indeterminate-lived deposits. Key assumptions, including the credit rates provided for deposit accounts, are reviewed annually. Credit rates for deposit products and charge rates for loan products may be reset more frequently in response to changes in market conditions.

Refer to Note 31 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024 for additional information about the Bancorp’s FTP process and other allocation methodologies.

In January 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 to improve alignment of customer acquisition and servicing resources with customer product and service demand. In conjunction with this change, the loans, deposits and operating results associated with the affected business banking customer relationships were reclassified from the Commercial Banking segment to the Consumer and Small Business Banking segment effective January 1, 2025, along with $73 million of associated goodwill. This change was applied retrospectively to all prior periods presented. The following table summarizes the impacts of the movements from the Commercial Banking segment to the Consumer & Small Business Banking segment for the years ended December 31:

($ in millions)202420232022
Net interest income (FTE)$103 13574
Income before income taxes (FTE)6810543
Average assets714686660

The following is a description of each of the Bancorp’s segments and the products and services they provide to their respective client bases.

Commercial Banking offers credit intermediation, cash management and financial services to large and middle-market businesses and government and professional customers. In addition to the traditional lending and depository offerings, Commercial Banking products and services include global cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing and syndicated finance.

Consumer and Small Business Banking provides a full range of deposit and loan products to individuals and small businesses through a network of full-service banking centers and relationships with indirect and correspondent loan originators in addition to providing products designed to meet the specific needs of small businesses, including cash management services. Consumer and Small Business Banking includes the Bancorp’s residential mortgage, home equity loans and lines of credit, credit cards, automobile and other indirect lending, solar energy installation and other consumer lending activities. Residential mortgage activities include the origination, retention and servicing of residential mortgage loans, sales and securitizations of those loans and all associated hedging activities. Indirect lending activities include extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers and marine dealers. Solar energy installation loans and certain other consumer loans are originated through a network of contractors and installers.
Wealth and Asset Management provides a full range of wealth management solutions for individuals, companies and not-for-profit organizations, including wealth planning, investment management, banking, insurance, trust and estate services. These offerings include retail brokerage services for individual clients, advisory services for institutional clients including middle market businesses, non-profits, states and municipalities, and wealth management strategies and products for high net worth and ultra-high net worth clients.

The following tables present the results of operations and average assets by segment for the three months ended:
September 30, 2025 ($ in millions)Commercial
Banking		Consumer
and Small Business
Banking		Wealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$594 1,082 55 (206)1,525 
Provision for (benefit from) credit losses246 73 — (122)197 
Net interest income after provision for (benefit from) credit losses
$348 1,009 55 (84)1,328 
Noninterest income:

Wealth and asset management revenue$1 73 107 — 181 
Commercial payments revenue140 22 — (5)157 
Consumer banking revenue— 144 1 (1)144 
Capital markets fees114 1 — — 115 
Commercial banking revenue86 1 — — 87 
Mortgage banking net revenue— 58 — — 58 
Other noninterest income16 10 1 2 29 
Securities gains, net— — — 10 10 
Total noninterest income$357 309 109 6 781 
Noninterest expense:

Compensation and benefits$151 232 53 249 685 
Technology and communications5 8 — 115 128 
Net occupancy expense9 55 3 22 89 
Equipment expense8 14 — 22 44 
Loan and lease expense10 22 — 7 39 
Marketing expense1 20 — 13 34 
Card and processing expense3 19 — — 22 
Other noninterest expense(b)
267 283 37 (361)226 
Total noninterest expense$454 653 93 67 1,267 
Income (loss) before income taxes (FTE)(a)
$251 665 71 (145)842 
Average assets$77,603 56,762 4,910 72,495 211,770 
(a)Includes FTE adjustments of $3 for Commercial Banking and $2 for General Corporate and Other.
(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.
September 30, 2024 ($ in millions)Commercial
Banking		Consumer
and Small Business
Banking		Wealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$648 1,056 50 (327)1,427 
Provision for credit losses76 78 — 6 160 
Net interest income after provision for credit losses$572 978 50 (333)1,267 
Noninterest income:

Wealth and asset management revenue$1 64 98 — 163 
Commercial payments revenue131 22 — 1 154 
Consumer banking revenue— 142 1 — 143 
Capital markets fees110 1 — — 111 
Commercial banking revenue92 1 — — 93 
Mortgage banking net revenue— 50 — — 50 
Other noninterest (loss) income 11 3 — (27)(13)
Securities gains, net9 — — 1 10 
Total noninterest income$354 283 99 (25)711 
Noninterest expense:

Compensation and benefits$148 209 54 279 690 
Technology and communications3 7 — 111 121 
Net occupancy expense9 52 3 17 81 
Equipment expense7 13 — 18 38 
Loan and lease expense8 21 — 5 34 
Marketing expense1 15 — 10 26 
Card and processing expense2 20 — — 22 
Other noninterest expense(b)
282 277 38 (365)232 
Total noninterest expense$460 614 95 75 1,244 
Income (loss) before income taxes (FTE)(a)
$466 647 54 (433)734 
Average assets$75,550 52,552 4,374 81,362 213,838 
(a)Includes FTE adjustments of $4 for Commercial Banking and $2 for General Corporate and Other.
(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.
The following tables present the results of operations and average assets by segment for the nine months ended:
September 30, 2025 ($ in millions)Commercial
Banking		Consumer and Small Business
Banking		Wealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$1,742 3,141 161 (576)4,468 
Provision for (benefit from) credit losses405 241 (2)(100)544 
Net interest income after provision for (benefit from) credit losses$1,337 2,900 163 (476)3,924 
Noninterest income:

Wealth and asset management revenue$1 206 312 — 519 
Commercial payments revenue404 64 1 (7)462 
Consumer banking revenue— 426 2 — 428 
Capital markets fees292 2 1 (1)294 
Commercial banking revenue243 3 1 — 247 
Mortgage banking net revenue— 170 1 — 171 
Other noninterest income44 13 2 27 86 
Securities gains (losses), net(7)— — 24 17 
Total noninterest income$977 884 320 43 2,224 
Noninterest expense:

Compensation and benefits$480 697 170 785 2,132 
Technology and communications10 24 — 344 378 
Net occupancy expense27 163 10 60 260 
Equipment expense24 43 — 59 126 
Loan and lease expense25 61 1 18 105 
Marketing expense4 69 — 32 105 
Card and processing expense9 55 1 — 65 
Other noninterest expense(b)
839 836 114 (1,125)664 
Total noninterest expense$1,418 1,948 296 173 3,835 
Income (loss) before income taxes (FTE)(a)
$896 1,836 187 (606)2,313 
Average assets$77,949 55,630 4,808 72,578 210,965 
(a)Includes FTE adjustments of $9 for Commercial Banking and $6 for General Corporate and Other.
(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.
September 30, 2024 ($ in millions)Commercial
Banking		Consumer and Small Business BankingWealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$1,946 3,287 162 (1,185)4,210 
Provision for (benefit from) credit losses284 232 — (165)351 
Net interest income after provision for (benefit from) credit losses$1,662 3,055 162 (1,020)3,859 
Noninterest income:

Wealth and asset management revenue$2 185 296 — 483 
Commercial payments revenue386 65 1 1 453 
Consumer banking revenue— 415 2 1 418 
Capital markets fees298 2 1 — 301 
Commercial banking revenue265 2 — — 267 
Mortgage banking net revenue— 153 1 — 154 
Other noninterest income (loss)42 5 1 (30)18 
Securities gains, net3 — — 20 23 
Total noninterest income$996 827 302 (8)2,117 
Noninterest expense:

Compensation and benefits$487 675 168 769 2,099 
Technology and communications10 22 1 318 351 
Net occupancy expense26 160 9 56 251 
Equipment expense21 38 — 55 114 
Loan and lease expense20 61 — 15 96 
Marketing expense2 55 1 34 92 
Card and processing expense6 57 1 (1)63 
Other noninterest expense(b)
822 834 112 (1,027)741 
Total noninterest expense$1,394 1,902 292 219 3,807 
Income (loss) before income taxes (FTE)(a)
$1,264 1,980 172 (1,247)2,169 
Average assets$76,621 51,920 4,357 80,276 213,174 
(a)Includes FTE adjustments of $11 for Commercial Banking and $7 for General Corporate and Other.
(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.