Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 220

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 220
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% of TotalOutstanding% of TotalFICO ≤ 659$175 1  %$177 1  %FICO 660-7193,124 17 3,040 19 FICO ≥ 72014,586 82 13,096 80 Total$17,885 100  %$16,313 100  %

It is a common industry practice to advance on these types of loans an amount in excess of the collateral value due to the inclusion of negative equity trade-in, maintenance/warranty products, taxes, title and other fees paid at closing. The Bancorp monitors its exposure to these higher risk loans.

40

Table of ContentsManagement’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

The following table provides an analysis of indirect secured consumer portfolio loans outstanding by LTV at origination as of:

TABLE 41:  Indirect Secured Consumer Portfolio Loans Outstanding by LTV at OriginationSeptember 30, 2025December 31, 2024($ in millions)OutstandingWeighted- Average LTVOutstandingWeighted- Average LTVLTV ≤ 100%$12,910 80.0  %$11,822 79.8  %LTV > 100%4,975 110.1 4,491 110.1 Total$17,885 88.3  %$16,313 88.1  %

At September 30, 2025 and December 31, 2024, $27 million and $24 million, respectively, of the Bancorp’s nonaccrual indirect secured consumer portfolio loans had an LTV greater than 100% at origination. Net charge-offs on indirect secured consumer loans with an LTV greater than 100% at origination were $8 million and $10 million for the three months ended September 30, 2025 and 2024, respectively, and $22 million and $30 million for the nine months ended September 30, 2025 and 2024, respectively.

Credit card portfolio

The credit card portfolio consists of predominantly prime accounts with 98% of balances existing within the Bancorp’s footprint at both September 30, 2025 and December 31, 2024. At both September 30, 2025 and December 31, 2024, 72% of the outstanding balances were originated through branch-based relationships