Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 211

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 211
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FICO ≥ 7201,163 68 1,186 68 Total$1,707 100  %$1,734 100  %

Solar energy installation loans portfolio

The Bancorp originates point-of-sale solar energy installation loans through a network of approved installers. The Bancorp considers several factors when monitoring its solar energy installation loan portfolio, including concentrations by installer, concentrations by state and FICO distributions at origination. At both June 30, 2025 and December 31, 2024, loans originated through the Bancorp’s three largest approved installers represented approximately 23% of total balances outstanding in the solar energy installation loan portfolio.

41

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

The following table provides an analysis of solar energy installation portfolio loans outstanding by state as of:

TABLE 43:  Solar Energy Installation Portfolio Loans Outstanding by StateJune 30, 2025December 31, 2024($ in millions)OutstandingNonaccrualOutstandingNonaccrualBy State:Florida$651 8 675 16 California552 2 562 8 Texas514 3 501 7 Arizona365 2 366 4 Virginia245 1 229 1 Oregon193 — 165 — Nevada170 — 165 1 Colorado164 — 158 1 New York127 — 118 — Connecticut106 1 103 3 All other states1,229 9 1,160 23 Total$4,316 26 4,202 64 

The following table provides an analysis of solar energy installation portfolio loans outstanding disaggregated based upon FICO score at origination as of:

TABLE 44:  Solar Energy Installation Portfolio Loans Outstanding by FICO Score at OriginationJune 30, 2025December 31, 2024($ in millions)Outstanding% of TotalOutstanding% of TotalFICO ≤ 659$5 —  %$5 —  %FICO 660-719630 15 621 15 FICO ≥ 7203,681 85 3,576 85 Total$4,316 100  %$4,202 100  %

Other consumer loans portfolio

Other consumer portfolio loans are comprised of secured and unsecured loans originated through the Bancorp’s