Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 51

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 51
---
Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

The following tables provide an analysis of home equity portfolio loans outstanding by state with an LTV greater than 80% (including senior liens, if applicable) at origination:

TABLE 37:  Home Equity Portfolio Loans Outstanding with an LTV Greater than 80% at OriginationAs of March 31, 2025 ($ in millions)OutstandingExposure90 Days PastDue and AccruingNonaccrualBy State:Ohio$279 752 — 7 Illinois137 335 — 3 Michigan130 352 — 3 Indiana105 255 — 2 Florida100 220 — 2 Kentucky75 191 — 2 All other states127 314 — 3 Total$953 2,419 — 22 

TABLE 38:  Home Equity Portfolio Loans Outstanding with an LTV Greater than 80% at OriginationAs of December 31, 2024 ($ in millions)OutstandingExposure90 Days PastDue and AccruingNonaccrualBy State:Ohio$283 761 — 7 Illinois140 337 — 5 Michigan131 358 — 3 Indiana103 251 — 3 Florida96 214 — 2 Kentucky77 196 — 2 All other states126 310 — 3 Total$956 2,427 — 25 

Net charge-offs on home equity loans with an LTV greater than 80% at origination were immaterial for both the three months ended March 31, 2025 and 2024.

Indirect secured consumer portfolio

The indirect secured consumer portfolio is comprised of $13.8 billion of automobile loans and $3.0 billion of indirect recreational vehicle, marine, motorcycle and powersport loans as of March 31, 2025. All concentration and guideline changes are monitored monthly to ensure alignment with original credit performance and return projections.

The following table provides an analysis of indirect secured consumer portfolio loans outstanding disaggregated based upon FICO score at origination as of:

TABLE 39:  Indirect Secured Consumer Portfolio Loans Outstanding by FICO Score at OriginationMarch 31, 2025December 31, 2024($ in millions)Outstanding% of TotalOutstanding% of TotalFICO ≤ 659$179