Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 268

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 268
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  Credit Quality and the Allowance for Loan and Lease Losses

The Bancorp disaggregates ALLL balances and transactions in the ALLL by portfolio segment. Credit quality related disclosures for loans and leases are further disaggregated by class. Refer to Note 1 and Note 6 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024 for additional information on the Bancorp’s accounting policies and estimation practices for the ALLL.Allowance for Loan and Lease LossesThe following tables summarize transactions in the ALLL by portfolio segment:For the three months ended September 30, 2025 ($ in millions)CommercialResidentialMortgageConsumerTotalBalance, beginning of period$1,293 134 985 2,412 Losses charged-off(a)(282)— (100)(382)Recoveries of losses previously charged-off(a)7 1 35 43 Provision for (benefit from) loan and lease losses164 (2)30 192 Balance, end of period$1,182 133 950 2,265 (a)The Bancorp recorded $4 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.For the three months ended September 30, 2024 ($ in millions)CommercialResidentialMortgageConsumerTotalBalance, beginning of period$1,113 136 1,039 2,288 Losses charged-off(a)(80)— (103)(183)Recoveries of losses previously charged-off(a)8 1 32 41 Provision for loan and lease losses64 6 89 159 Balance, end of period$1,105 143 1,057 2,305 (a)The Bancorp recorded $6 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.For the nine months ended September 30, 2025 ($ in millions)CommercialResidentialMortgageConsumerTotalBalance, beginning of period$1,154 146 1,052 2,352 Losses charged off(a)(439)(1)(308)(748)Recoveries of losses previously charged off(a)28 3 103