Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 166

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 166
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 value in accordance with U.S. GAAP, which defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP also establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the instrument’s fair value measurement. For more information regarding the fair value hierarchy, refer to Note 1 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.Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following tables summarize assets and liabilities measured at fair value on a recurring basis as of:Fair Value Measurements UsingJune 30, 2025 ($ in millions)Level 1Level 2Level 3Total Fair ValueAssets:Available-for-sale debt and other securities:U.S. Treasury and federal agencies securities$3,508 — — 3,508 Mortgage-backed securities:Agency residential mortgage-backed securities— 6,887 — 6,887 Agency commercial mortgage-backed securities— 20,943 — 20,943 Non-agency commercial mortgage-backed securities— 3,323 — 3,323 Asset-backed securities and other debt securities— 2,802 — 2,802 Available-for-sale debt and other securities(a)3,508 33,955 — 37,463 Trading debt securities:U.S. Treasury and federal agencies securities704 19 — 723 Obligations of states and political subdivisions securities— 35 — 35 Agency residential mortgage-backed securities— 26 — 26 Asset-backed securities and other debt securities— 540 — 540 Trading debt securities704 620 — 1,324 Equity securities386 18 — 404 Residential mortgage loans held for sale— 572 — 572 Residential mortgage loans(b)— — 107 107 Servicing rights— — 1,629 1,629 Der