Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 61

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 61
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 information on these loans, refer to Tables 37, 38 and 39. Of the total $4.7 billion of outstanding home equity loans:

•72% reside within the Bancorp’s Midwest footprint of Ohio, Michigan, Illinois, Indiana and Kentucky as of September 30, 2025;

•76% of non-delinquent borrowers made at least one payment greater than the minimum payment during the three months ended September 30, 2025; and

•The portfolio had a weighted-average refreshed FICO score of 750 at September 30, 2025.

The Bancorp actively manages lines of credit and makes adjustments in lending limits when it believes it is necessary based on FICO score deterioration and property devaluation. The Bancorp does not routinely obtain appraisals on performing loans to update LTVs after origination. However, the Bancorp monitors the local housing markets by reviewing various home price indices and incorporates the impact of the changing market conditions in its ongoing credit monitoring processes.

The following table provides an analysis of home equity portfolio loans outstanding disaggregated based upon refreshed FICO score as of:

TABLE 36:  Home Equity Portfolio Loans Outstanding by Refreshed FICO ScoreSeptember 30, 2025December 31, 2024($ in millions)Outstanding% of TotalOutstanding% of TotalSenior Liens:FICO ≤ 659$97 2  %$111 3  %FICO 660-719161 3 160 4 FICO ≥ 7201,077 23 1,013 24 Total senior liens$1,335 28 %$1,284 31 %Junior Liens:FICO ≤ 659271 6 242 6 FICO 660-719558 12 521 12 FICO ≥ 7202,514 54 2,141 51 Total junior liens$3,343 72 %$2,904 69 %Total$4,678 100  %$4,188 100  %

The Bancorp believes that home equity portfolio loans with a greater than 80% LTV (including senior liens, if applicable) present a higher level of risk. The following table provides an analysis of the home equity portfolio loans outstanding in a senior and junior lien position by LTV at origination as of:

TABLE 37:  Home Equity Portfolio Loans Outstanding by LTV at OriginationSeptember 30