FIFTH THIRD BANCORP Leases Disclosure
| ($ in millions) | Consolidated Balance Sheets Caption | 2025 | 2024 | ||||||||
| Assets | |||||||||||
| Operating lease ROU assets | $ | 629 | 526 | ||||||||
| Finance lease ROU assets | 156 | 146 | |||||||||
Total ROU assets(a) | $ | 785 | 672 | ||||||||
| Liabilities | |||||||||||
| Operating lease liabilities | $ | 711 | 606 | ||||||||
| Finance lease liabilities | 174 | 161 | |||||||||
| Total lease liabilities | $ | 885 | 767 | ||||||||
| ($ in millions) | Consolidated Statements of Income Caption | 2025 | 2024 | 2023 | ||||||||||
| Lease costs: | ||||||||||||||
Amortization of ROU assets | Net occupancy and equipment expense | $ | 22 | 21 | 19 | |||||||||
| Interest on lease liabilities | Interest on long-term debt | 6 | 6 | 5 | ||||||||||
| Total finance lease costs | $ | 28 | 27 | 24 | ||||||||||
| Operating lease cost | Net occupancy expense | $ | 99 | 89 | 87 | |||||||||
| Short-term lease cost | Net occupancy expense | 1 | 1 | 2 | ||||||||||
| Variable lease cost | Net occupancy expense | 26 | 30 | 29 | ||||||||||
| Sublease income | Net occupancy expense | (3) | (3) | (2) | ||||||||||
| Total operating lease costs | $ | 123 | 117 | 116 | ||||||||||
| Total lease costs | $ | 151 | 144 | 140 | ||||||||||
| As of December 31, 2025 ($ in millions) | Operating Leases | Finance Leases | Total | ||||||||
| 2026 | $ | 101 | 28 | 129 | |||||||
| 2027 | 95 | 28 | 123 | ||||||||
| 2028 | 87 | 28 | 115 | ||||||||
| 2029 | 78 | 17 | 95 | ||||||||
| 2030 | 69 | 11 | 80 | ||||||||
| Thereafter | 546 | 101 | 647 | ||||||||
| Total undiscounted cash flows | $ | 976 | 213 | 1,189 | |||||||
| Less: Difference between undiscounted cash flows and discounted cash flows | 265 | 39 | 304 | ||||||||
| Present value of lease liabilities | $ | 711 | 174 | 885 | |||||||
| 2025 | 2024 | ||||||||||
| Weighted-average remaining lease term (years): | |||||||||||
| Operating leases | 12.84 | 11.57 | |||||||||
| Finance leases | 11.25 | 12.66 | |||||||||
| Weighted-average discount rate: | |||||||||||
| Operating leases | 4.45 | % | 4.08 | ||||||||
| Finance leases | 3.78 | 3.80 | |||||||||
| ($ in millions) | 2025 | 2024 | 2023 | ||||||||
Cash paid for amounts included in the measurement of lease liabilities:(a) | |||||||||||
| Operating cash flows from operating leases | $ | 97 | 95 | 91 | |||||||
| Operating cash flows from finance leases | 6 | 6 | 5 | ||||||||
| Financing cash flows from finance leases | 19 | 18 | 16 | ||||||||
| Gains on sale-leaseback transactions | — | — | 2 | ||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 24, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 25, 2016 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.