Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 221

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 221
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 with the remainder coming from direct mail campaigns and online acquisitions.

Given the variable nature of the credit card portfolio, interest rate increases impact this product and it is regularly monitored to ensure the portfolio remains within the Bancorp’s risk appetite. Recent and expected future decreases in interest rates may lessen these risks moving forward.

The following table provides an analysis of the Bancorp’s outstanding credit card portfolio disaggregated based upon FICO score at origination as of:

TABLE 42:  Credit Card Portfolio Loans Outstanding by FICO Score at OriginationSeptember 30, 2025December 31, 2024($ in millions)Outstanding% of TotalOutstanding% of TotalFICO ≤ 659$81 5  %$78 5  %FICO 660-719462 27 470 27 FICO ≥ 7201,149 68 1,186 68 Total$1,692 100  %$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 September 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. As consumer clean energy tax incentives are set to expire after December 31, 2025, it is expected that production in this portfolio will decrease in 2026.

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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 StateSeptember 30, 2025December 31, 2024($ in millions)OutstandingNonaccrualOutstandingNonaccrualBy State:Florida$646 6 675 16 California551 2 562 8 Texas523 2 501 7 Arizona366 2 366 4 Virginia255 1 229 1 Oregon207 — 165 — Nevada173 — 165 1 Colorado172 — 158 1 New York137 — 118 — Connecticut111