Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 114

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 114
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 642 (a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.               March 31, 2024 ($ in millions)Past DueCurrent30-89 Days90 Days or MoreTotalCommercial loans:Commercial and industrial loans$207 11 56 274 Commercial mortgage owner-occupied loans21 16 — 37 Commercial mortgage nonowner-occupied loans50 3 — 53 Commercial construction loans74 — — 74 Residential mortgage loans82 12 16 110 Consumer loans:Home equity13 1 1 15 Credit card(a)17 4 3 24 Solar energy installation loans1 — — 1 Other consumer loans4 — — 4 Total portfolio loans$469 47 76 592 (a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.

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

The Bancorp considers modifications to borrowers experiencing financial difficulty that subsequently become 90 days or more past due under the modified terms as subsequently defaulted. The following tables present the amortized cost basis as of March 31, 2025 and 2024 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the three months ended March 31, 2025 and 2024, respectively, and were within twelve months of the modification date:March 31, 2025 ($ in millions)Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotalCommercial loans:Commercial and industrial loans$— — 11 — 6 — 17 Commercial mortgage owner-occupied loans— — — — 24 — 24 Residential mortgage loans— — — — 7 2 9 Consumer loans:Home equity— 1 — — — — 1 Credit card— 3 — — — — 3 Total portfolio loans$— 4 11 — 37 2 54 March 31,