Fifth Third Bancorp 10-Q 2026-03-31

Filed 2026-05-05. 1 sections, 548K characters. Original on sec.gov · Markdown · JSON

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended March 31, 2026

Commission File Number 001-33653

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Fifth Third Bancorp

(Exact name of Registrant as specified in its charter)

Ohio31-0854434
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number)

38 Fountain Square Plaza

Cincinnati, Ohio 45263

(Address of principal executive offices)

Registrant’s telephone number, including area code: (800) 972-3030

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered:
Common Stock, Without Par ValueFITBTheNASDAQStock Market LLC
Depositary Shares Representing a 1/1000th Ownership Interest in a Share of
6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series IFITBITheNASDAQStock Market LLC
Depositary Shares Representing a 1/40th Ownership Interest in a Share of
6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series AFITBPTheNASDAQStock Market LLC
Depositary Shares Representing a 1/1000th Ownership Interest in a Share of
4.95% Non-Cumulative Perpetual Preferred Stock, Series KFITBOTheNASDAQStock Market LLC
Depositary Shares Representing a 1/40th Ownership Interest in a Share of
6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series MFITBMTheNASDAQStock Market LLC

There were 906,311,548 shares of the Registrant’s common stock, without par value, outstanding as of April 30, 2026.

Table of Contents

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FINANCIAL CONTENTS

Part I. Financial Information
Glossary of Abbreviations and Acronyms2
Management’s Discussion and Analysis of Financial Condition and Results of Operations (Item 2)3
Overview3
Non-GAAP Financial Measures7
Recent Accounting Standards9
Critical Accounting Policies9
Statements of Income Analysis9
Balance Sheet Analysis16
Business Segment Review23
Risk Management—Overview28
Credit Risk Management28
Interest Rate and Price Risk Management42
Liquidity Risk Management45
Capital Management47
Quantitative and Qualitative Disclosures about Market Risk (Item 3)49
Controls and Procedures (Item 4)49
Condensed Consolidated Financial Statements and Notes (Item 1)50
Balance Sheets (unaudited)50
Statements of Income (unaudited)51
Statements of Comprehensive Income (unaudited)52
Statements of Changes in Equity (unaudited)53
Statements of Cash Flows (unaudited)54

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