Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 75

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 75
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 scenarios in the quantitative credit loss models and excludes any additional considerations associated with the qualitative component of the ACL that might be warranted if probability weights were adjusted.

The following table provides a rollforward of the Bancorp’s ACL:

TABLE 50:  Changes in Allowance for Credit LossesFor the three months endedSeptember 30,For the nine months endedSeptember 30,($ in millions)2025202420252024ALLL:Balance, beginning of period$2,412 2,288 2,352 2,322 Losses charged-off(a)(382)(183)(748)(511)Recoveries of losses previously charged-off(a)43 41 134 115 Provision for loan and lease losses192 159 527 379 Balance, end of period$2,265 2,305 2,265 2,305 Reserve for unfunded commitments:Balance, beginning of period$146 137 134 166 Provision for (benefit from) the reserve for unfunded commitments5 1 17 (28)Balance, end of period$151 138 151 138 

(a)For the three and nine months ended September 30, 2025, the Bancorp recorded $4 and $15, respectively, 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, compared to $6 and $22 for the three and nine months ended September 30, 2024, respectively. 

47

Table of ContentsManagement’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

The following table provides an attribution of the Bancorp’s ALLL to portfolio loans and leases:

TABLE 51:  Attribution of Allowance for Loan and Lease Losses to Portfolio Loans and LeasesAs of ($ in millions)September 30,2025December 31,2024Attributed ALLL:Commercial and industrial loans$829 728 Commercial mortgage loans265 351 Commercial construction loans70 59 Commercial leases18 16 Residential mortgage loans133 146 Home equity98 106 Indirect secured consumer loans299 311 Credit card145 165 Solar energy installation loans300 351 Other consumer loans108 119 Total ALLL$2,265 2,352 Portfolio loans and leases:Commercial and industrial loans$53,947 52