Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 191

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 191
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Table of ContentsManagement’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

TABLE 48:  Summary of Credit Loss ExperienceFor the three months endedMarch 31,($ in millions)20252024Losses charged-off:Commercial and industrial loans$(54)(40)Commercial mortgage loans(11)— Commercial leases(2)— Residential mortgage loans— — Home equity(2)(2)Indirect secured consumer loans(36)(35)Credit card(22)(23)Solar energy installation loans(21)(14)Other consumer loans(a)(25)(32)Total losses charged-off$(173)(146)Recoveries of losses previously charged-off:Commercial and industrial loans$2 5 Commercial mortgage loans1 — Commercial leases— — Residential mortgage loans— — Home equity2 2 Indirect secured consumer loans15 11 Credit card5 5 Solar energy installation loans3 2 Other consumer loans(a)9 11 Total recoveries of losses previously charged-off$37 36 Net losses charged-off:Commercial and industrial loans$(52)(35)Commercial mortgage loans(10)— Commercial leases(2)— Residential mortgage loans— — Home equity— — Indirect secured consumer loans(21)(24)Credit card(17)(18)Solar energy installation loans(18)(12)Other consumer loans(16)(21)Total net losses charged-off$(136)(110)Net losses charged-off as a percent of average portfolio loans and leases:Commercial and industrial loans0.39 %0.27 Commercial mortgage loans0.34 — Commercial leases0.29 (0.04)Total commercial loans and leases0.35 %0.19 Residential mortgage loans— (0.01)Home equity0.04 0.03 Indirect secured consumer loans0.53 0.64 Credit card4.19 4.19 Solar energy installation loans1.73 1.31 Other consumer loans2.52 2.71 Total consumer loans0.63 %0.67 Total net losses charged-off as a percent of average portfolio loans and leases0.46 %0.38 

(a)For the three months ended March 31, 2025 and 2024, the Bancorp recorded $6 and $8, respectively, in both losses charged-off and recoveries of