Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 526

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 526
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including senior liens, if applicable) at origination:

TABLE 40:  Home Equity Portfolio Loans Outstanding with an LTV Greater than 80% at OriginationAs of December 31, 2024 ($ in millions)OutstandingExposure90 DaysPast Due and AccruingNonaccrualBy State:Ohio$283 761 — 7 Illinois140 337 — 5 Michigan131 358 — 3 Indiana103 251 — 3 Florida96 214 — 2 Kentucky77 196 — 2 All other states126 310 — 3 Total$956 2,427 — 25 

TABLE 41:  Home Equity Portfolio Loans Outstanding with an LTV Greater than 80% at OriginationAs of December 31, 2023 ($ in millions)OutstandingExposure90 Days Past Due and AccruingNonaccrualBy State:Ohio$290 808 — 6 Illinois145 346 1 4 Michigan140 394 — 2 Indiana96 252 — 2 Florida86 206 — 2 Kentucky81 211 — 1 All other states116 304 — 3 Total$954 2,521 1 20 

Net recoveries on home equity loans with an LTV greater than 80% at origination were $2 million and $1 million for the years ended December 31, 2024 and 2023, respectively.

Indirect secured consumer portfolio 

The indirect secured consumer portfolio is comprised of $13.3 billion of automobile loans and $3.0 billion of indirect recreational vehicle, marine, motorcycle and powersport loans as of December 31, 2024. All concentration and guideline changes are monitored monthly to ensure alignment with original credit performance and return projections.

The following table provides an analysis of indirect secured consumer portfolio loans outstanding disaggregated based upon FICO score at origination:

TABLE 42:  Indirect Secured Consumer Portfolio Loans Outstanding by FICO Score at Origination20242023As of December 31 ($ in millions) Outstanding% of TotalOutstanding% of TotalFICO ≤ 659$177 1 %$189 1 %FICO 660-7193,040 19 3,075 21 FICO ≥ 72013