Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 256

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 256
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 Residential mortgage loans(1)— (1)(1)Home equity— (1)1 — Indirect secured consumer loans16 17 38 42 Credit card15 17 32 36 Solar energy installation loans20 12 38 24 Other consumer loans18 19 32 38 Total net charge-offs$139 144 276 254 The following table presents the income recognized related to leases where the Bancorp is the lessor:($ in millions)Condensed Consolidated Statements of Income CaptionFor the three months endedJune 30,For the six months endedJune 30,2025202420252024Direct financing leasesInterest and fees on loans and leases$10 9 19 19 Sales-type leasesInterest and fees on loans and leases27 19 53 37 Operating leasesCommercial banking revenue20 26 41 54 

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

6.  Credit Quality and the Allowance for Loan and Lease Losses

The Bancorp disaggregates ALLL balances and transactions in the ALLL by portfolio segment. Credit quality related disclosures for loans and leases are further disaggregated by class. Refer to Note 1 and Note 6 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024 for additional information on the Bancorp’s accounting policies and estimation practices for the ALLL.Allowance for Loan and Lease LossesThe following tables summarize transactions in the ALLL by portfolio segment:For the three months ended June 30, 2025 ($ in millions)CommercialResidentialMortgageConsumerTotalBalance, beginning of period$1,241 139 1,004 2,384 Losses charged-off(a)(90)— (104)(194)Recoveries of losses previously charged-off(a)19 1 35 55 Provision for (benefit from) loan and lease losses123 (6)50 167 Balance, end of period$1,293 134 985 2,412 (a)The Bancorp recorded $5 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.For the three months ended June