Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 172

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 172
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1)(23)(19)(40)Total losses$(19)(12)(68)(2)

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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

The following tables present information as of June 30, 2025 and 2024 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a recurring basis:As of June 30, 2025 ($ in millions)Financial InstrumentFair ValueValuationTechniqueSignificantUnobservable InputsRange of InputsWeighted-AverageResidential mortgage loans$107 Loss rate modelInterest rate risk factor(52.0)-6.1%(11.4)%(a)Credit risk factor— -0.8%0.1 %(a)Servicing rights1,629 DCFPrepayment speed— -100.0%(Fixed)6.5 %(b)(Adjustable)17.2 %(b)OAS (bps)335 -1,821(Fixed)433(b)(Adjustable)723(b)IRLCs, net7 DCFLoan closing rates18.6 -96.0%82.2 %(c)Swap associated with the sale of Visa, Inc. Class B Shares(145)DCFTiming of the resolution   of the Covered LitigationQ2 2027-Q2 2028Q4 2027(d)(a)Unobservable inputs were weighted by the relative carrying value of the instruments.(b)Unobservable inputs were weighted by the relative unpaid principal balance of the instruments.(c)Unobservable inputs were weighted by the relative notional amount of the instruments.(d)Unobservable inputs were weighted by the probability of the final funding date of the instruments.As of June 30, 2024 ($ in millions)Financial InstrumentFair ValueValuationTechniqueSignificantUnobservable InputsRange of InputsWeighted-AverageResidential mortgage loans$109 Loss rate modelInterest rate risk factor(26.0)-5.0 %(14.1)%(a)Credit risk factor— -0.6 %0.1 %(a)Servicing rights1,731 DCFPrepayment speed— -100.0 %(Fixed)5.6 %(b)(Adjustable)22.1 %(b)OAS (bps)420-1,833(Fixed)448(b)(Adjustable)