Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 368

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 368
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 — December 31, 2023Residential mortgage loans measured at fair value$450 456 (6)Past due loans of 30-89 days1 1 — Nonaccrual loans2 2 — Fair Value of Certain Financial Instruments   The following tables summarize the carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments measured at fair value on a recurring basis: Net CarryingFair Value Measurements Using        TotalAs of December 31, 2024 ($ in millions)AmountLevel 1Level 2Level 3Fair ValueFinancial assets:Cash and due from banks$3,014 3,014 — — 3,014 Other short-term investments17,120 17,120 — — 17,120 Other securities778 — 778 — 778 Held-to-maturity securities11,278 2,344 8,619 2 10,965 Loans and leases held for sale66 — — 66 66 Portfolio loans and leases:Commercial loans and leases72,139 — — 72,319 72,319 Consumer and residential mortgage loans45,192 — — 42,155 42,155 Total portfolio loans and leases, net$117,331 — — 114,474 114,474 Financial liabilities:Deposits$167,252 — 167,353 — 167,353 Federal funds purchased204 204 — — 204 Other short-term borrowings4,450 — 4,459 — 4,459 Long-term debt14,440 3,753 10,835 — 14,588 Net CarryingFair Value Measurements Using        TotalAs of December 31, 2023 ($ in millions)AmountLevel 1Level 2Level 3Fair ValueFinancial assets:Cash and due from banks$3,142 3,142 — — 3,142 Other short-term investments22,082 22,082 — — 22,082 Other securities722 — 722 — 722 Held-to-maturity securities2 — — 2 2 Loans and leases held for sale44 — — 44 44 Portfolio loans and leases:Commercial loans