Item 16. FORM 10–K SUMMARY

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Item 16. FORM 10–K SUMMARY

None.

219 Fifth Third Bancorp

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

FIFTH THIRD BANCORP

Registrant



/s/ Timothy N. Spence
Timothy N. Spence
Chairman, Chief Executive Officer and President
Principal Executive Officer
February 27, 2024

Pursuant to requirements of the Securities Exchange Act of 1934, this report has been signed on February 27, 2024 by the following persons on behalf of the Registrant and in the capacities indicated.

OFFICERS:



/s/ Timothy N. Spence
Timothy N. Spence
Chairman, Chief Executive Officer and President
Principal Executive Officer

/s/ Bryan D. Preston
Bryan D. Preston
Executive Vice President and Chief Financial Officer
Principal Financial Officer

/s/ Mark D. Hazel
Mark D. Hazel
Executive Vice President and Controller
Principal Accounting Officer

DIRECTORS:



/s/ Timothy N. Spence
Timothy N. Spence
Chairman

/s/ Nicholas K. Akins
Nicholas K. Akins
Lead Independent Director


/s/ B. Evan Bayh III
B. Evan Bayh III

/s/ Jorge L. Benitez
Jorge L. Benitez

/s/ Katherine B. Blackburn
Katherine B. Blackburn

/s/ Emerson L. Brumback
Emerson L. Brumback

/s/ Linda W. Clement-Holmes
Linda W. Clement-Holmes

/s/ C. Bryan Daniels
C. Bryan Daniels

/s/ Laurent Desmangles
Laurent Desmangles

/s/ Mitchell S. Feiger
Mitchell S. Feiger

/s/ Thomas H. Harvey
Thomas H. Harvey

/s/ Gary R. Heminger
Gary R. Heminger

/s/ Eileen A. Mallesch
Eileen A. Mallesch

/s/ Michael B. McCallister
Michael B. McCallister

/s/ Kathleen A. Rogers
Kathleen A. Rogers

/s/ Marsha C. Williams
Marsha C. Williams

220 Fifth Third Bancorp

Table of Contents

CONSOLIDATED TEN YEAR COMPARISON


AVERAGE ASSETS FOR THE YEARS ENDED DECEMBER 31 ($ IN MILLIONS)
	Interest-Earning Assets
Year	Loans and Leases		Other Short-Term Investments	Investment Securities	Total	Cash and Due from Banks	Other Assets	Total Average Assets
2023	$	122,282	11,934	57,527	191,743	2,772	16,169	208,426
2022	120,561		12,419	53,346	186,326	3,093	19,490	206,929
2021	114,117		33,243	37,018	184,378	3,055	21,050	206,324
2020	114,411		21,935	36,342	172,688	2,978	20,933	194,230
2019	107,794		2,140	35,470	145,404	2,748	16,903	163,936
2018	93,876		1,476	33,553	128,905	2,200	12,203	142,183
2017	92,731		1,390	32,172	126,293	2,224	13,236	140,527
2016	94,320		1,866	30,099	126,285	2,303	14,870	142,173
2015	93,339		3,258	26,987	123,584	2,608	15,100	139,999
2014	91,127		3,043	21,823	115,993	2,892	14,443	131,847


AVERAGE DEPOSITS AND AVERAGE SHORT-TERM BORROWINGS FOR THE YEARS ENDED DECEMBER 31 ($ IN MILLIONS)
	Deposits
Year	Demand		Interest Checking	Savings	Money Market	Certificates of Deposit(a)	Foreign Office and Other	Total	Short-Term Borrowings(b)	Total
2023	$	46,195	52,378	20,872	30,943	13,630	158	164,176	5,351	169,527
2022	60,185		45,835	23,445	29,326	4,030	170	162,991	4,925	167,916
2021	62,028		45,850	20,531	30,631	3,744	164	162,948	1,440	164,388
2020	47,111		46,890	16,440	29,879	7,455	256	148,031	2,094	150,125
2019	34,343		36,658	14,041	25,879	9,974	474	121,369	2,313	123,682
2018	32,634		29,818	13,330	21,769	6,532	839	104,922	3,120	108,042
2017	35,093		26,382	13,958	20,231	6,335	665	102,664	3,715	106,379
2016	35,862		25,143	14,346	19,523	6,745	830	102,449	3,351	105,800
2015	35,164		26,160	14,951	18,152	6,920	874	102,221	2,641	104,862
2014	31,755		25,382	16,080	14,670	7,691	1,828	97,406	2,331	99,737


INCOME FOR THE YEARS ENDED DECEMBER 31 ($ IN MILLIONS, EXCEPT PER SHARE DATA)
							Per Share
Year	Interest Income		Interest Expense	Noninterest Income	Noninterest Expense	Net Income Available to Common Shareholders	Earnings	Diluted Earnings	Dividends Declared
2023	$	9,760	3,933	2,881	5,205	2,212	3.23	3.22	1.36
2022	6,587		978	2,766	4,719	2,330	3.38	3.35	1.26
2021	5,211		441	3,118	4,748	2,659	3.78	3.73	1.14
2020	5,572		790	2,830	4,718	1,323	1.84	1.83	1.08
2019	6,254		1,457	3,536	4,660	2,419	3.38	3.33	0.94
2018	5,183		1,043	2,790	3,958	2,118	3.11	3.06	0.74
2017	4,489		691	3,224	3,782	2,105	2.86	2.81	0.60
2016	4,193		578	2,696	3,737	1,472	1.92	1.91	0.53
2015	4,028		495	3,003	3,643	1,610	2.00	1.97	0.52
2014	4,030		451	2,473	3,619	1,384	1.65	1.63	0.51


MISCELLANEOUS AT DECEMBER 31 ($ IN MILLIONS, EXCEPT PER SHARE DATA)
		Equity
Year	Common Shares Outstanding	Common Stock		Preferred Stock	Capital Surplus	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Total	Book Value Per Share	Allowance for Loan and Lease Losses
2023	681,124,810	$	2,051	2,116	3,757	22,997	(4,487)	(7,262)	19,172	25.04	2,322
2022	683,385,880	2,051		2,116	3,684	21,689	(5,110)	(7,103)	17,327	22.26	2,194
2021	682,777,664	2,051		2,116	3,624	20,236	1,207	(7,024)	22,210	29.43	1,892
2020	712,760,325	2,051		2,116	3,635	18,384	2,601	(5,676)	23,111	29.46	2,453
2019	708,915,629	2,051		1,770	3,599	18,315	1,192	(5,724)	21,203	27.41	1,202
2018	646,630,857	2,051		1,331	2,873	16,578	(112)	(6,471)	16,250	23.07	1,103
2017	693,804,893	2,051		1,331	2,790	14,957	73	(5,002)	16,200	21.43	1,196
2016	750,479,299	2,051		1,331	2,756	13,290	59	(3,433)	16,054	19.62	1,253
2015	785,080,314	2,051		1,331	2,666	12,224	197	(2,764)	15,705	18.31	1,272
2014	824,046,952	2,051		1,331	2,646	11,034	429	(1,972)	15,519	17.22	1,322
(a) Includes CDs $250,000 or less and CDs over $250,000.
(b) Includes federal funds purchased and other short-term borrowings.

221 Fifth Third Bancorp

Table of Contents

DIRECTORS AND OFFICERS


FIFTH THIRD BANCORP DIRECTORS	FIFTH THIRD BANCORP OFFICERS	REGIONAL PRESIDENTS
Timothy N. Spence Chairman Fifth Third Bancorp Nicholas K. Akins, Lead Director Retired Chairman & Chief Executive Officer American Electric Power Company B. Evan Bayh, III Senior Advisor Apollo Global Management Jorge L. Benitez Retired Chief Executive Officer North America of Accenture plc Katherine B. Blackburn Executive Vice President Cincinnati Bengals, Inc. Emerson L. Brumback Retired President & Chief Operating Officer M&T Bank Linda W. Clement-Holmes Retired Chief Information Officer The Procter & Gamble Company C. Bryan Daniels Founding Partner Prairie Capital Laurent Desmangles Retired Senior Partner & Managing Director Boston Consulting Mitchell S. Feiger Retired Chief Executive Officer and President MB Financial, Inc. Thomas H. Harvey Chief Executive Officer Energy Innovation: Policy and Technology, LLC Gary R. Heminger Retired Chief Executive Officer & Chairman Marathon Petroleum Corporation Eileen A. Mallesch Retired Chief Financial Officer Nationwide Property & Casualty Segment, Nationwide Mutual Insurance Company Michael B. McCallister Retired Chairman & Chief Executive Officer Humana, Inc. Kathleen A. Rogers Retired Executive Vice President U.S. Bancorp Marsha C. Williams Retired Chief Financial Officer Orbitz Worldwide, Inc	Timothy N. Spence Chairman, Chief Executive Officer and President Kristine R. Garrett Executive Vice President, Group Regional President & Head of Wealth & Asset Management Kala J. Gibson Executive Vice President & Chief Corporate Responsibility Officer Mark D. Hazel Executive Vice President & Controller Kevin P. Lavender Executive Vice President & Head of Commercial Bank James C. Leonard Executive Vice President & Chief Operating Officer Nancy C. Pinckney Executive Vice President & Chief Human Resource Officer Bryan D. Preston Executive Vice President & Chief Financial Officer Jude A. Schramm Executive Vice President & Chief Information Officer Robert P. Shaffer Executive Vice President & Chief Risk Officer Melissa S. Stevens Executive Vice President & Chief Marketing Officer Susan B. Zaunbrecher Executive Vice President & Chief Legal Officer	Michael Ash David Briggs Timothy Elsbrock Lee Fite David Girodat Stephanie Green Kimberly Halbauer Mark Heckler Francie Henry Randy Koporc Tom Partridge Cary Putrino Thomas G. Welch, Jr. Joseph Yurosek FIFTH THIRD BANCORP BOARD COMMITTEES Audit Committee Eileen A. Mallesch, Chair Jorge L. Benitez Katherine B. Blackburn Linda W. Clement-Holmes C. Bryan Daniels Thomas H. Harvey Gary R. Heminger Kathleen A. Rogers Finance Committee Gary R. Heminger, Chair Nicholas K. Akins Jorge L. Benitez Emerson L. Brumback Thomas H. Harvey Eileen A. Mallesch Michael B. McCallister Human Capital and Compensation Committee Michael B. McCallister, Chair Nicholas K. Akins Jorge L. Benitez Emerson L. Brumback Linda W. Clement-Holmes Gary R. Heminger Kathleen A. Rogers Nominating and Corporate Governance Committee Thomas H. Harvey, Chair Nicholas K. Akins B. Evan Bayh, III Jorge L. Benitez Katherine B. Blackburn Laurent Desmangles Marsha C. Williams Risk and Compliance Committee Emerson L. Brumback, Chair Nicholas K. Akins C. Bryan Daniels Laurent Desmangles Mitchell S. Feiger Eileen A. Mallesch Michael B. McCallister Kathleen A. Rogers Marsha C. Williams Technology Committee Jorge L. Benitez, Chair B. Evan Bayh, III Linda W. Clement-Holmes C. Bryan Daniels Laurent Desmangles Mitchell S. Feiger Thomas H. Harvey

222 Fifth Third Bancorp

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