Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 226

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 226
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 and 2024, respectively. Table 49 provides a summary of credit loss experience and net charge-offs as a percent of average portfolio loans and leases outstanding by loan category.

The ratio of commercial loan and lease net charge-offs as a percent of average portfolio commercial loans and leases increased to 146 bps and 73 bps during the three and nine months ended September 30, 2025, respectively, compared to 40 bps and 35 bps during the same periods in the prior year primarily due to increases in net charge-offs on commercial and industrial loans of $202 million and $208 million for the three and nine months ended September 30, 2025, respectively, which included $178 million related to the impairment of an asset-backed finance commercial loan. The nine months ended September 30, 2025 also included an increase in net charge-offs on commercial mortgage loans of $15 million.

The ratio of consumer loan net charge-offs as a percent of average portfolio consumer loans decreased to 52 bps and 57 bps during the three and nine months ended September 30, 2025, respectively, compared to 62 bps during both the three and nine months ended September 30, 2024 primarily due to decreases in net charge-offs on other consumer loans of $3 million and $9 million for the three and nine months ended September 30, 2025, respectively, and decreases in net charge-offs on indirect secured consumer loans of $4 million and $7 million for the three and nine months ended September 30, 2025, respectively. These decreases were partially offset by increases in net charge-offs on solar energy installation loans of $2 million and $15 million during the three and nine months ended September 30, 2025, respectively.

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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 endedSeptember 30,For the nine months endedSeptember 30,($ in millions)2025202420252024Losses charged-off:Commercial and industrial loans$(280)(80)(419)(203)Commercial mortgage loans(2)— (16)— Commercial leases— — (4)— Residential mortgage loans— — (1)(2)Home equity(1)(1)(5)(5)Indirect secured consumer loans(34)(35)(103)(100)Credit card(20)(21)(62)(67)Solar energy