Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 216

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 216
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 for the six months ended June 30, 2025.

The ratio of consumer loan net charge-offs as a percent of average portfolio consumer loans decreased to 56 bps and 59 bps during the three and six months ended June 30, 2025, respectively, compared to 57 bps and 62 bps during the same periods in the prior year as increases in net charge-offs on solar energy installation loans of $8 million and $14 million for the three and six months ended June 30, 2025, respectively, were more than offset by increases in average consumer loan balances for both the three and six months ended June 30, 2025. 

44

Table of ContentsManagement’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

TABLE 49:  Summary of Credit Loss ExperienceFor the three months endedJune 30,For the six months endedJune 30,($ in millions)2025202420252024Losses charged-off:Commercial and industrial loans$(84)(83)(137)(123)Commercial mortgage loans(4)— (15)— Commercial leases(2)— (4)— Residential mortgage loans— (1)(1)(1)Home equity(2)(1)(3)(3)Indirect secured consumer loans(33)(31)(69)(66)Credit card(20)(22)(42)(46)Solar energy installation loans(23)(14)(44)(28)Other consumer loans(a)(26)(30)(51)(61)Total losses charged-off$(194)(182)(366)(328)Recoveries of losses previously charged-off:Commercial and industrial loans$15 3 16 8 Commercial mortgage loans1 — 1 — Commercial leases3 — 3 — Residential mortgage loans1 1 2 2 Home equity2 2 2 3 Indirect secured consumer loans17 14 31 24 Credit card5 5 10 10 Solar energy installation loans3 2 6 4 Other consumer loans(a)8 11 19 23 Total recoveries of losses previously charged-off$55 38 90 74 Net losses charged-off:Commercial and industrial loans$(69)(80)(121)(115)Commercial mortgage loans(3)— (14)— Commercial leases1 — (1)— Residential mortgage loans1 — 1 1 Home equity— 1