Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 254

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 254
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 2024U.S. Treasury and federal agencies securities$569 — — — 569 — Agency residential mortgage-backed securities1,061 (14)4,566 (765)5,627 (779)Agency commercial mortgage-backed securities157 (6)20,536 (3,016)20,693 (3,022)Non-agency commercial mortgage-backed securities183 (3)3,984 (335)4,167 (338)Asset-backed securities and other debt securities283 (11)3,157 (187)3,440 (198)Total$2,253 (34)32,243 (4,303)34,496 (4,337)At June 30, 2025 and December 31, 2024, $27 million and $34 million, respectively, of unrealized losses in the available-for-sale debt and other securities portfolio were related to non-rated securities.

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

5. Loans and Leases

The Bancorp diversifies its loan and lease portfolio by offering a variety of loan and lease products with various payment terms and rate structures. The Bancorp’s commercial loan and lease portfolio consists of lending to various industry types. Management periodically reviews the performance of its loan and lease products to evaluate whether they are performing within acceptable interest rate and credit risk levels and changes are made to underwriting policies and procedures as needed. The Bancorp maintains an allowance to absorb loan and lease losses that are expected to be incurred over the remaining contractual terms of the related loans and leases. For further information on credit quality and the ALLL, refer to Note 6.The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of:($ in millions)June 30,2025December 31,2024Loans and leases held for sale:Commercial and industrial loans$42 15 Commercial mortgage loans23 22 Commercial construction loans— 29 Commercial leases9 — Residential mortgage loans572 574 Total loans and leases held for sale$646 640 Portfolio loans and leases:Commercial and industrial loans$53,312 52,271 Commercial mortgage loans12,112 12,246 Commercial construction loans5,551 5,588 Commercial leases3,