Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 112

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 112
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2024 for additional information on the Bancorp’s accounting policies and estimation practices for the ALLL.Allowance for Loan and Lease LossesThe following tables summarize transactions in the ALLL by portfolio segment:For the three months ended September 30, 2025 ($ in millions)CommercialResidentialMortgageConsumerTotalBalance, beginning of period$1,293 134 985 2,412 Losses charged-off(a)(282)— (100)(382)Recoveries of losses previously charged-off(a)7 1 35 43 Provision for (benefit from) loan and lease losses164 (2)30 192 Balance, end of period$1,182 133 950 2,265 (a)The Bancorp recorded $4 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.For the three months ended September 30, 2024 ($ in millions)CommercialResidentialMortgageConsumerTotalBalance, beginning of period$1,113 136 1,039 2,288 Losses charged-off(a)(80)— (103)(183)Recoveries of losses previously charged-off(a)8 1 32 41 Provision for loan and lease losses64 6 89 159 Balance, end of period$1,105 143 1,057 2,305 (a)The Bancorp recorded $6 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.For the nine months ended September 30, 2025 ($ in millions)CommercialResidentialMortgageConsumerTotalBalance, beginning of period$1,154 146 1,052 2,352 Losses charged off(a)(439)(1)(308)(748)Recoveries of losses previously charged off(a)28 3 103 134 Provision for (benefit from) loan and lease losses439 (15)103 527 Balance, end of period$1,182 133 950 2,265 (a)The Bancorp recorded $15 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.For