Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 150

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 150
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 Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024.

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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):Fair Value Measurements Using Significant Unobservable Inputs (Level 3)For the three months ended March 31, 2025 ($ in millions)ResidentialMortgageLoansServicingRightsInterest RateDerivatives,Net(a)EquityDerivativesTotalFair ValueBalance, beginning of period$108 1,704 (3)(170)1,639 Total (losses) gains (realized/unrealized):(b) Included in earnings2 (50)15 (18)(51)Purchases/originations— 9 (1)— 8 Settlements(3)— (11)15 1 Transfers into Level 3(c)2 — — — 2 Balance, end of period$109 1,663 — (173)1,599 The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at March 31, 2025$2 (35)6 (18)(45)(a)Net interest rate derivatives include $5 for both derivative assets and liabilities as of March 31, 2025.(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at March 31, 2025. (c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.Fair Value Measurements Using Significant Unobservable Inputs (Level 3)For the three months ended March 31, 2024 ($ in millions)ResidentialMortgageLoansServicingRightsInterest RateDerivatives,Net(a)EquityDerivativesTotalFair ValueBalance, beginning of period$116 1,737 — (168)1,685 Total (losses) gains (realized/unrealized):(b) Included in earnings(2)8 9 (17)(2)Purchases/originations— 11 — — 11