Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 279

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 279
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 portfolio loans$— 5 13 — 13 — 31 The following tables present the amortized cost basis as of June 30, 2025 and 2024 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the six months ended June 30, 2025 and 2024, respectively, and were within twelve months of the modification date:June 30, 2025 ($ in millions)Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotalCommercial loans:Commercial and industrial loans$1 — 52 — 3 — 56 Commercial mortgage owner-occupied loans— — — — 23 — 23 Residential mortgage loans— — — — 13 3 16 Consumer loans:Home equity— — — — — 1 1 Credit card— 4 — — — — 4 Total portfolio loans$1 4 52 — 39 4 100 June 30, 2024 ($ in millions)Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotalCommercial loans:Commercial and industrial loans$8 — 13 1 6 — 28 Commercial mortgage owner-occupied loans— — — — — — — Residential mortgage loans— — 1 — 16 — 17 Consumer loans:Home equity— 1 — — — — 1 Credit card— 6 — — — — 6 Total portfolio loans$8 7 14 1 22 — 52 

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

7.  Variable Interest Entities

The Bancorp, in the normal course of business, engages in a variety of activities that involve VIEs, which are legal entities that lack sufficient equity at risk to finance their activities without additional subordinated financial support or the equity investors of the entities as a group lack any of the characteristics of a controlling interest. The Bancorp evaluates its interest in certain entities to determine if these entities meet the definition of a VIE and whether the Bancorp is the primary beneficiary