Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 196

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 196
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)For the three months ended March 31, 2025 and 2024, the Bancorp recorded $6 and $8, 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.

45

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 50:  Attribution of Allowance for Loan and Lease Losses to Portfolio Loans and LeasesAs of ($ in millions)March 31,2025December 31,2024Attributed ALLL:Commercial and industrial loans$845 728 Commercial mortgage loans323 351 Commercial construction loans57 59 Commercial leases16 16 Residential mortgage loans139 146 Home equity94 106 Indirect secured consumer loans312 311 Credit card157 165 Solar energy installation loans323 351 Other consumer loans118 119 Total ALLL$2,384 2,352 Portfolio loans and leases:Commercial and industrial loans$53,700 52,271 Commercial mortgage loans12,357 12,246 Commercial construction loans5,952 5,588 Commercial leases3,128 3,188 Residential mortgage loans(a)17,581 17,543 Home equity4,265 4,188 Indirect secured consumer loans16,804 16,313 Credit card1,660 1,734 Solar energy installation loans4,262 4,202 Other consumer loans2,482 2,518 Total portfolio loans and leases$122,191 119,791 Attributed ALLL as a percent of respective portfolio loans and leases:Commercial and industrial loans1.57  %1.39 Commercial mortgage loans2.61 2.87 Commercial construction loans0.96 1.06 Commercial leases0.51 0.50 Residential mortgage loans0.79 0.83 Home equity2.20 2.53 Indirect secured consumer loans1.86 1.91 Credit card9.46 9.52 Solar energy installation loans7.58 8.35 Other consumer loans4.75 4.73 Total ALLL as a percent of portfolio loans and leases1.95