Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 258

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 258
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 ($ in millions)NotionalAmountDerivativeAssetsDerivativeLiabilitiesDerivatives Designated as Qualifying Hedging Instruments:Fair value hedges:Interest rate swaps related to long-term debt$4,955 — 14 Total fair value hedges— 14 Cash flow hedges:Interest rate swaps related to C&I loans11,000 1 4 Interest rate swaps related to commercial mortgage and commercial construction loans4,000 1 — Total cash flow hedges2 4 Total derivatives designated as qualifying hedging instruments2 18 Derivatives Not Designated as Qualifying Hedging Instruments:Free-standing derivatives – risk management and other business purposes:Interest rate contracts related to MSR portfolio3,385 10 1 Forward contracts related to residential mortgage loans measured at fair value(a)805 1 2 Swap associated with the sale of Visa, Inc. Class B Shares2,717 — 173 Foreign exchange contracts116 — — Interest-only strips28 — — Interest rate contracts for LIBOR transition597 — — Other46 — — Total free-standing derivatives – risk management and other business purposes11 176 Free-standing derivatives – customer accommodation:Interest rate contracts(b)84,053 568 733 Interest rate lock commitments304 5 — Commodity contracts17,619 806 800 TBA securities38 — — Foreign exchange contracts34,629 798 758 Total free-standing derivatives – customer accommodation2,177 2,291 Total derivatives not designated as qualifying hedging instruments2,188 2,467 Total$2,190 2,485 (a)Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments in addition to certain portfolio residential mortgage loans measured at fair value.(b)Derivative assets and liabilities are presented net of variation margin of $197 and $40, respectively.

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

Fair ValueDecember 31, 2024 ($ in millions)NotionalAmountDerivativeAssetsDerivativeLiabilitiesDerivatives Designated as Qualifying Hedging Instruments:Fair value hedges:Interest rate swaps related to long-term debt$4,955 1 12 Total fair value hedges1 12