Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 528

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 528
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 Portfolio Loans Outstanding by FICO Score at Origination 20242023As of December 31 ($ in millions)Outstanding% of TotalOutstanding% of TotalFICO ≤ 659$78 5 %$75 4 %FICO 660-719470 27 503 27 FICO ≥ 7201,186 68 1,287 69 Total$1,734 100 %$1,865 100 %

Solar energy installation loans portfolio

The Bancorp originates point-of-sale solar energy installation loans through a network of approved installers. The Bancorp considers several factors when monitoring its solar energy installation loan portfolio, including concentrations by installer, concentrations by state and FICO distributions at origination. At both December 31, 2024 and 2023, loans originated through the Bancorp’s three largest approved installers represented approximately 23% of total balances outstanding in the solar energy installation loan portfolio.

The following table provides an analysis of solar energy installation portfolio loans outstanding by state:

TABLE 45:  Solar Energy Installation Loans Outstanding by State20242023As of December 31 ($ in millions)OutstandingNonaccrualOutstandingNonaccrualBy State:Florida$675 16 680 16 California562 8 565 5 Texas501 7 457 8 Arizona366 4 326 4 Virginia229 1 190 1 Nevada165 1 130 — Oregon165 — 109 — Colorado158 1 137 1 New York118 — 90 — Connecticut103 3 87 3 All other states1,160 23 957 22 Total$4,202 64 3,728 60 

85 Fifth Third Bancorp

Table of Contents MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following table provides an analysis of solar energy installation portfolio loans outstanding disaggregated based upon FICO score at origination:

TABLE 46:  Solar Energy Installation Loans Outstanding by FICO Score at Origination20242023As of December 31 ($ in millions)Outstanding% of TotalOutstanding% of TotalFICO ≤ 659$5 — %$6 — %FICO 660-719621 15 557 15 FICO ≥ 7203,576 85