Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 62

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7A
Chunk 62
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 did not recognize an allowance for credit losses for its investment securities. The Bancorp also did not recognize provision for credit losses for investment securities during the years ended December 31, 2024, 2023 and 2022. At December 31, 2024 and 2023, investment securities with a fair value of $30.0 billion and $25.2 billion, respectively, were pledged to secure borrowing capacity, public deposits, trust funds, derivative contracts and for other purposes as required or permitted by law.The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of December 31, 2024 are shown in the following table:Available-for-Sale Debt and OtherHeld-to-Maturity($ in millions)Amortized CostFair Value   Amortized CostFair Value    Debt securities:(a)Due in 1 year or less$3,682 3,666 37 38 Due after 1 year through 5 years16,586 15,643 3,231 3,191 Due after 5 years through 10 years16,262 13,830 7,549 7,286 Due after 10 years6,570 5,630 461 450 Other securities778 778 — — Total$43,878 39,547 11,278 10,965 (a)Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.

128 Fifth Third Bancorp

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of December 31:Less than 12 months12 months or moreTotal($ in millions)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses2024U.S. Treasury and federal agencies securities$569 — — — 569 — Agency residential mortgage-backed securities1,061 (14)4,566 (765)5,627 (