Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 286

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 286
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 still held as of the end of the period.

104

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

Fair Value Measurements UsingTotal (Losses) GainsAs of March 31, 2025 ($ in millions)Level 1Level 2Level 3TotalFor the three   months ended March 31, 2025Commercial loans and leases$— — 261 261 (126)Consumer and residential mortgage loans— — 145 145 (4)OREO— — 4 4 1 Private equity investments— 13 — 13 4 Total$— 13 410 423 (125)Fair Value Measurements UsingTotal (Losses) GainsAs of March 31, 2024 ($ in millions)Level 1Level 2Level 3TotalFor the three      months ended March 31, 2024Commercial loans held for sale$— — 25 25 — Commercial loans and leases— — 130 130 (60)Consumer and residential mortgage loans— — 197 197 (3)OREO— — 1 1 — Bank premises and equipment— — 1 1 — Private equity investments— — — — 9 Total$— — 354 354 (54)The following tables present information as of March 31, 2025 and 2024 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured on a nonrecurring basis:As of March 31, 2025 ($ in millions)Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges ofInputsWeighted-AverageCommercial loans and leases$261 Appraised valueCollateral valueNMNMConsumer and residential mortgage loans145 Appraised valueCollateral valueNMNMOREO4 Appraised valueAppraised valueNMNMAs of March 31, 2024 ($ in millions)Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges ofInputsWeighted-AverageCommercial loans held for sale$25 Comparable company analysisMarket comparable transactionsNMNMCommercial loans and leases130 Appraised valueCollateral valueNMNMConsumer and residential mortgage loans197 Appraised valueCollateral valueNMNMOREO1 Appraised valueAppraised valueNMN