Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 56

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 56
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 Indirect secured consumer loans60 55 Credit card31 32 Solar energy installation loans30 64 Other consumer loans8 9 Total nonaccrual portfolio loans and leases(a)$966 823 OREO and other repossessed property(c)30 30 Total nonperforming portfolio assets$996 853 Nonaccrual loans held for sale21 7 Total nonperforming assets$1,017 860 Total portfolio loans and leases 90 days past due and still accruing:Commercial and industrial loans$2 5 Commercial mortgage loans6 — Commercial leases— 1 Residential mortgage loans(b)8 6 Credit card17 20 Total portfolio loans and leases 90 days past due and still accruing$33 32 Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO0.81 %0.71 Nonperforming portfolio loans and leases as a percent of portfolio loans and leases0.79 0.69 ACL as a percent of nonperforming portfolio loans and leases261 302 ACL as a percent of nonperforming portfolio assets253 291 

(a)Includes $19 and $18 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of March 31, 2025 and December 31, 2024, respectively.

(b)Information for all periods presented excludes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. These advances were $167 as of March 31, 2025 and $163 as of December 31, 2024. The Bancorp recognized losses of an immaterial amount for both the three months ended March 31, 2025 and 2024 due to claim denials and curtailments associated with these insured or guaranteed loans.

(c)Includes $13 and $12 of branch-related real estate no longer intended to be used for banking purposes as of March 31, 2025 and December 31, 2024, respectively.

The following tables provide a rollforward of portfolio nonaccrual loans and leases, by portfolio segment:

TABLE 46:  Rollforward of Portfolio Nonaccrual Loans and LeasesFor the three months ended March 31, 2025 ($ in millions)CommercialResidential MortgageConsumerTotalBalance, beginning of period$456 137 230