Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 254

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 254
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3($ in millions)Amortized CostUnrealized GainsUnrealized LossesFairValueAvailable-for-sale debt and other securities:U.S. Treasury and federal agencies securities$4,477 1 (142)4,336 Obligations of states and political subdivisions securities2 — — 2 Mortgage-backed securities:Agency residential mortgage-backed securities11,564 — (1,282)10,282 Agency commercial mortgage-backed securities28,945 5 (3,230)25,720 Non-agency commercial mortgage-backed securities4,872 — (427)4,445 Asset-backed securities and other debt securities5,207 3 (298)4,912 Other securities(a)722 — — 722 Total available-for-sale debt and other securities$55,789 9 (5,379)50,419 Held-to-maturity securities:Asset-backed securities and other debt securities$2 — — 2 Total held-to-maturity securities$2 — — 2 (a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $224, $496 and $2, respectively, at December 31, 2023, that are carried at cost.The following table provides the fair value of trading debt securities and equity securities as of December 31:($ in millions)20242023Trading debt securities$1,185 899 Equity securities341 613 The amounts reported in the preceding tables exclude accrued interest receivable on investment securities of $162 million and $146 million at December 31, 2024 and 2023, respectively, which is presented as a component of other assets in the Consolidated Balance Sheets.

127 Fifth Third Bancorp

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

In January 2024, the Bancorp transferred $12.6 billion (amortized cost basis) of securities from available-for-sale to held-to-maturity to reflect the Bancorp’s change in intent to hold these securities to maturity in order to reduce potential capital volatility associated with investment security market price fluctuations. AOCI included pretax unrealized losses of $994 million on these securities at the date of transfer. The unrealized losses that existed on the date of transfer will continue to be reported as a component of AOCI and will be amortized into income over the remaining life