Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 252

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 252
---
)2025202420252024Available-for-sale debt and other securities:Realized gains$1 1 6 3 Realized losses(1)— (6)— Impairment losses— (5)— (10)Net losses on available-for-sale debt and other securities$— (4)— (7)Equity securities:Net realized (losses) gains(5)11 (5)11 Net unrealized gains (losses)21 (4)12 9 Net equity securities gains$16 7 7 20 Total gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities(a)$16 3 7 13 (a)Excludes $2 and $6 of net securities gains for the three and six months ended June 30, 2025, respectively, and an immaterial amount and $2 of net securities gains for the three and six months ended June 30, 2024, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These gains and losses are included in capital markets fees and wealth and asset management revenue in the Condensed Consolidated Statements of Income.The Bancorp recognized an immaterial amount of impairment losses on its available-for-sale debt and other securities for both the three and six months ended June 30, 2025. The Bancorp recognized $5 million and $10 million of impairment losses on available-for-sale debt and other securities during the three and six months ended June 30, 2024, respectively. These losses were included in securities gains, net, in the Condensed Consolidated Statements of Income and related to certain securities in unrealized loss positions where the Bancorp had determined that it no longer intended to hold the securities until the recovery of their amortized cost bases. At both June 30, 2025 and December 31, 2024, the Bancorp did not recognize an allowance for credit losses for its investment securities. The Bancorp also did not recognize provision for credit losses for investment securities during both the three and six months ended June 30, 2025 and 2024.At June 30, 2025 and December 31, 2024, investment securities with a fair value of $28.8 billion and $30.0 billion, respectively, were pledged to secure borrowing capacity, public deposits, trust funds, derivative contracts and for other purposes as required or permitted by law.