Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 280

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 280
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 quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the instrument’s fair value measurement. For more information regarding the fair value hierarchy, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024.Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following tables summarize assets and liabilities measured at fair value on a recurring basis as of:Fair Value Measurements UsingMarch 31, 2025 ($ in millions)Level 1Level 2Level 3Total Fair ValueAssets:Available-for-sale debt and other securities:U.S. Treasury and federal agencies securities$4,361 — — 4,361 Mortgage-backed securities:Agency residential mortgage-backed securities— 6,601 — 6,601 Agency commercial mortgage-backed securities— 21,056 — 21,056 Non-agency commercial mortgage-backed securities— 3,706 — 3,706 Asset-backed securities and other debt securities— 3,199 — 3,199 Available-for-sale debt and other securities(a)4,361 34,562 — 38,923 Trading debt securities:U.S. Treasury and federal agencies securities675 20 — 695 Obligations of states and political subdivisions securities— 70 — 70 Agency residential mortgage-backed securities— 26 — 26 Asset-backed securities and other debt securities— 368 — 368 Trading debt securities675 484 — 1,159 Equity securities465 29 — 494 Residential mortgage loans held for sale— 445 — 445 Residential mortgage loans(b)— — 109 109 Servicing rights— — 1,663 1,663 Derivative assets:Interest rate contracts1 580 5 586 Foreign exchange contracts— 798 — 798 Commodity contracts72 734 — 806 Derivative assets(c)73 2,112 5 2,190 Total assets$5,574 37,632 1,777 44,983 Liabilities:Derivative liabilities:Interest rate contracts