Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 80

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7A
Chunk 80
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 mortgage loans measured at fair value at December 31, 2023, including $1 of 30-89 days past due loans and $2 of nonperforming loans.

138 Fifth Third Bancorp

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage during the years ended December 31:2024 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans20242023202220212020PriorTotalResidential mortgage loans$— — — — — 2 — — 2 Consumer loans:Home equity— — — — — 1 5 — 6 Indirect secured consumer loans7 35 53 25 9 10 — — 139 Credit card— — — — — — 87 — 87 Solar energy installation loans2 16 13 — 14 18 — — 63 Other consumer loans1 12 24 12 20 16 34 3 122 Total residential mortgage and consumer loans$10 63 90 37 43 47 126 3 419 2023 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans20232022202120202019PriorTotalResidential mortgage loans$— — — — — 4 — — 4 Consumer loans:Home equity— — — — — 1 7 — 8 Indirect secured consumer loans9 42 27 14 10 8 — — 110 Credit card— — — — — — 82 — 82 Solar energy installation loans8 16 1 — — 2 — — 27 Other consumer loans7 37 14 12 7 8 34 2 121 Total residential mortgage and consumer loans$24 95 42 26 17 23 123 2 352 Collateral-Dependent Loans and LeasesThe Bancorp considers a loan or lease to be collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the