Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 267

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 267
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 recorded net of unamortized premiums and discounts, deferred direct loan origination fees and costs associated with loans and valuation adjustments associated with loans measured at fair value. These items totaled a net discount of $206 million and $324 million as of September 30, 2025 and December 31, 2024, respectively, of which $887 million and $901 million of net discount was related to solar energy installation loans, respectively.The Bancorp’s FHLB and FRB borrowings are primarily secured by loans. The Bancorp had loans of $15.0 billion and $15.1 billion as of September 30, 2025 and December 31, 2024, respectively, pledged to the FHLB, and loans of $59.5 billion and $55.3 billion as of September 30, 2025 and December 31, 2024, respectively, pledged to the FRB.

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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

The following table presents a summary of net charge-offs (recoveries):For the three months endedSeptember 30,For the nine months endedSeptember 30,($ in millions)2025202420252024Commercial and industrial loans$274 72 395 187 Commercial mortgage loans1 — 15 — Commercial leases— — 1 — Residential mortgage loans(1)(1)(2)(1)Home equity(1)— — — Indirect secured consumer loans18 22 56 63 Credit card16 16 48 52 Solar energy installation loans16 14 54 39 Other consumer loans16 19 47 56 Total net charge-offs$339 142 614 396 The following table presents the income recognized related to leases where the Bancorp is the lessor:($ in millions)Condensed Consolidated Statements of Income CaptionFor the three months endedSeptember 30,For the nine months endedSeptember 30,2025202420252024Direct financing leasesInterest and fees on loans and leases$10 10 29 29 Sales-type leasesInterest and fees on loans and leases27 21 80 58 Operating leasesCommercial banking revenue21 24 61 78 

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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

6.