Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 520

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 520
---
ized loans in the calculation of the LTV ratio. The following tables provide detail on the most recent LTV ratios for commercial mortgage loans greater than $1 million, excluding commercial mortgage loans that are individually evaluated for an ACL and loans which do not have real estate as the primary collateral. The Bancorp does not typically aggregate the LTV ratios for commercial mortgage loans less than $1 million.

TABLE 31:  Commercial Mortgage Loans Outstanding by LTV, Loans Greater Than $1 MillionAs of December 31, 2024 ($ in millions)LTV > 100%LTV 80-100%LTV < 80%Commercial mortgage owner-occupied loans$53 137 3,753 Commercial mortgage nonowner-occupied loans— 288 5,615 Total$53 425 9,368 

TABLE 32:  Commercial Mortgage Loans Outstanding by LTV, Loans Greater Than $1 MillionAs of December 31, 2023 ($ in millions)LTV > 100%LTV 80-100%LTV < 80%    Commercial mortgage owner-occupied loans$53 258 3,257 Commercial mortgage nonowner-occupied loans1 29 5,121 Total$54 287 8,378 

The Bancorp views nonowner-occupied commercial real estate as a higher credit risk product compared to some other commercial loan portfolios due to the higher volatility of the industry.

The following tables provide an analysis of nonowner-occupied commercial real estate loans, disaggregated by property location (excluding loans held for sale):

TABLE 33:  Nonowner-Occupied Commercial Real Estate (excluding loans held for sale)(a)As of December 31, 2024 ($ in millions)OutstandingExposure90 Days Past DueNonaccrualBy State:Florida$1,543 2,526 — — Illinois1,123 1,275 — 2 California1,080 1,714 — — Texas905 1,714 — 2 Ohio835 1,231 — 1 Michigan775 926 — — South Carolina699 763 — — North Carolina 572 782 — — New York468 524 — — Georgia429 842 — — All other states2,801 3,929 — — Total$11,230 16,226