Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 129

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 129
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23.7% to 3.7%For the six months endedJune 30,Financial Effects20252024Commercial loans:Commercial and industrial loansWeighted-average length of term extensions16 months9 monthsWeighted-average length of payment delay9 months5 monthsCommercial mortgage owner-occupied loansWeighted-average length of term extensions7 months9 monthsWeighted-average length of payment delay10 months6 monthsCommercial mortgage nonowner-occupied loansWeighted-average length of term extensions6 months6 monthsCommercial construction loansWeighted-average length of term extensions12 months6 monthsWeighted-average length of payment delay7 monthsN/AResidential mortgage loansWeighted-average length of term extensions9.2 years10.2 yearsWeighted-average interest rate reductionFrom 6.6% to 5.3%From 7.8% to 7.2%Approximate amount of payment delays as a percentage of the related loan balances10%12%Consumer loans:Home equityWeighted-average length of term extensions19.1 years24.9 yearsWeighted-average interest rate reductionFrom 8.5% to 6.9% From 8.9% to 7.2%Approximate amount of payment delays as a percentage of the related loan balances6%5%Credit cardWeighted-average interest rate reductionFrom 23.1% to 4.2%From 23.9% to 3.9%

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

Credit quality of modified loansThe Bancorp closely monitors the performance of loans that are modified for borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following tables present the amortized cost basis as of June 30, 2025 and 2024 for the Bancorp’s portfolio loans that were modified during the twelve months ended June 30, 2025 and 2024, respectively, for borrowers experiencing financial difficulty, by age and portfolio class:June 30, 2025 ($ in millions)Past DueCurrent30-89 Days90 Days or MoreTotalCommercial loans:Commercial and industrial loans$321 3 62 386 Commercial mortgage owner-occupied loans100 — 23 123 Commercial mortgage nonowner-occupied loans51 — — 51 Commercial construction loans118 — — 118 Residential mortgage loans63 15 9 87 Consumer loans:Home equity13