Item 16. FORM 10–K SUMMARY

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Item 16. FORM 10–K SUMMARY

None.

209 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 24, 2025

Pursuant to requirements of the Securities Exchange Act of 1934, this report has been signed on February 24, 2025 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/ Jeffrey A. Lopper
Jeffrey A. Lopper
Senior Vice President and Chief Accounting Officer
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

210 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
2024	$	117,724	20,457	56,619	194,800	2,677	17,637	212,806
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


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
2024	$	40,314	58,599	17,594	36,165	14,606	158	167,436	3,231	170,667
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


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
2024	$	10,426	4,796	2,849	5,033	2,155	3.16	3.14	1.44
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


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
2024	669,853,830	$	2,051	2,116	3,804	24,150	(4,636)	(7,840)	19,645	26.17	2,352
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
(a) Includes CDs $250,000 or less and CDs over $250,000.
(b) Includes federal funds purchased and other short-term borrowings.

211 Fifth Third Bancorp

Table of Contents

DIRECTORS AND OFFICERS


FIFTH THIRD BANCORP DIRECTORS		FIFTH THIRD BANCORP OFFICERS	REGIONAL PRESIDENTS Michael Ash David Briggs Timothy Elsbrock Lee Fite David Girodat Stephanie Green Kimberly Halbauer Mark Heckler Francie Henry Randy Koporc Matt Nipper Tom Partridge Cary Putrino Thomas G. Welch, Jr. Joseph Yurosek FIFTH THIRD BANCORP BOARD COMMITTEES Audit Committee Eileen A. Mallesch, Chair B. Evan Bayh, III Jorge L. Benitez Linda W. Clement-Holmes C. Bryan Daniels Gary R. Heminger Kathleen A. Rogers Finance Committee Gary R. Heminger, Chair Nicholas K. Akins Jorge L. Benitez Mitchell S. Feiger Thomas H. Harvey Eileen A. Mallesch Michael B. McCallister Human Capital and Compensation Committee Michael B. McCallister, Chair Nicholas K. Akins Jorge L. Benitez Linda W. Clement-Holmes Gary R. Heminger Marsha C. Williams Nominating and Corporate Governance Committee Thomas H. Harvey, Chair Nicholas K. Akins Katherine B. Blackburn Laurent Desmangles Marsha C. Williams Risk and Compliance Committee Mitchell S. Feiger, Chair Katherine B. Blackburn Emerson L. Brumback C. Bryan Daniels Laurent Desmangles Thomas H. Harvey Eileen A. Mallesch Kathleen A. Rogers 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
Timothy N. Spence Chairman Fifth Third Bancorp		Timothy N. Spence Chairman, Chief Executive Officer & President



Nicholas K. Akins, Lead Director Retired Chairman & Chief Executive Officer American Electric Power Company		Kristine R. Garrett Executive Vice President, Group Regional President & Head of Wealth & Asset Management



B. Evan Bayh, III Senior Advisor Apollo Global Management
	Kala J. Gibson Executive Vice President & Chief Corporate Responsibility Officer

Jorge L. Benitez Retired Chief Executive Officer North America of Accenture plc
	Kevin P. Lavender Executive Vice President & Head of Commercial Bank

Katherine B. Blackburn Executive Vice President Cincinnati Bengals, Inc.
	James C. Leonard Executive Vice President & Chief Operating Officer


Emerson L. Brumback Retired President & Chief Operating Officer M&T Bank
	Jeffrey A. Lopper Senior Vice President & Chief Accounting Officer

Linda W. Clement-Holmes Retired Chief Information Officer The Procter & Gamble Company
	Nancy C. Pinckney Executive Vice President & Chief Human Resource Officer

C. Bryan Daniels Founding Partner Prairie Capital
	Bryan D. Preston Executive Vice President & Chief Financial Officer

Laurent Desmangles Retired Senior Partner & Managing Director Boston Consulting
	Jude A. Schramm Executive Vice President & Chief Information Officer

Mitchell S. Feiger Retired Chief Executive Officer and President MB Financial, Inc.
	Robert P. Shaffer Executive Vice President & Chief Risk Officer

Thomas H. Harvey Chief Executive Officer Energy Innovation: Policy and Technology, LLC
	Melissa S. Stevens Executive Vice President & Chief Marketing Officer

Gary R. Heminger Retired Chief Executive Officer & Chairman Marathon Petroleum Corporation
	Susan B. Zaunbrecher Executive Vice President, Chief Legal Officer & Corporate Secretary

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.

212 Fifth Third Bancorp

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