Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 61

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7A
Chunk 61
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 of the securities as an adjustment to yield, offsetting the amortization of the discount resulting from the transfer recorded at fair value. The amortized cost basis of held-to-maturity securities included a discount of $865 million at December 31, 2024 pertaining to the unamortized portion of unrealized losses on securities, which are offset in AOCI.The following table presents the components of net securities gains and losses recognized in the Consolidated Statements of Income, including those recognized related to the Bancorp’s non-qualifying hedging strategy for MSRs, for the years ended December 31:($ in millions)202420232022Available-for-sale debt and other securities:Realized gains$5 34 16 Realized losses(2)(30)(13)Impairment losses(21)(5)(1)Net (losses) gains on available-for-sale debt and other securities$(18)(1)2 Trading debt securities:Net realized losses— — (2)Net unrealized gains— 3 11 Net trading debt securities gains$— 3 9 Equity securities:Net realized gains 15 5 1 Net unrealized gains (losses)18 11 (96)Net equity securities gains (losses)$33 16 (95)Total gains (losses) recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities(a)$15 18 (84)(a)Excludes $5 and $13 of net securities gains for the years ended December 31, 2024 and 2023, respectively, and an immaterial amount of net securities losses for the year ended December 31, 2022 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 Consolidated Statements of Income.The Bancorp recognized impairment losses on available-for-sale debt and other securities of $21 million, $5 million and $1 million during the years ended December 31, 2024, 2023 and 2022, respectively. These losses were included in securities gains (losses), net, in the 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 December 31, 2024 and 2023, the Bancorp