Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 284

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 284
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 period included in other comprehensive income for instruments still held at March 31, 2024.(c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows:For the three months endedMarch 31,($ in millions)20252024Mortgage banking net revenue$(34)14 Capital markets fees1 1 Other noninterest income(18)(17)Total losses$(51)(2)

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

The total losses and gains included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at March 31, 2025 and 2024 were recorded in the Condensed Consolidated Statements of Income as follows:For the three months endedMarch 31,($ in millions)20252024Mortgage banking net revenue$(28)27 Capital markets fees1 1 Other noninterest income(18)(17)Total (losses) gains$(45)11 The following tables present information as of March 31, 2025 and 2024 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a recurring basis:As of March 31, 2025 ($ in millions)Financial InstrumentFair ValueValuationTechniqueSignificantUnobservable InputsRange of InputsWeighted-AverageResidential mortgage loans$109 Loss rate modelInterest rate risk factor(51.9)-5.7%(11.5)%(a)Credit risk factor— -0.7%0.1 %(a)Servicing rights1,663 DCFPrepayment speed— -100.0%(Fixed)6.3 %(b)(Adjustable)16.0 %(b)OAS (bps)335 -1,821(Fixed)418(b)(Adjustable)725(b)IRLCs, net5 DCFLoan closing rates20.5 -96.0%79.7 %(c)Swap associated with the sale of Visa, Inc. Class B Shares(173)DCFTiming of the resolution   of the Covered LitigationQ