Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 285

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 285
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2 2027-Q1 2028Q4 2027(d)(a)Unobservable inputs were weighted by the relative carrying value of the instruments.(b)Unobservable inputs were weighted by the relative unpaid principal balance of the instruments.(c)Unobservable inputs were weighted by the relative notional amount of the instruments.(d)Unobservable inputs were weighted by the probability of the final funding date of the instruments.As of March 31, 2024 ($ in millions)Financial InstrumentFair ValueValuationTechniqueSignificantUnobservable InputsRange of InputsWeighted-AverageResidential mortgage loans$113 Loss rate modelInterest rate risk factor(25.2)-3.7 %(13.4)%(a)Credit risk factor— -0.6 %0.1 %(a)Servicing rights1,756 DCFPrepayment speed— -100.0 %(Fixed)5.8 %(b)(Adjustable)22.9 %(b)OAS (bps)448-1,833(Fixed)460(b)(Adjustable)702(b)IRLCs, net5 DCFLoan closing rates20.0 -96.0 %79.4 %(c)Swap associated with the sale of Visa, Inc. Class B Shares(162)DCFTiming of the resolution   of the Covered LitigationQ2 2026-Q1 2028Q4 2026(d)(a)Unobservable inputs were weighted by the relative carrying value of the instruments.(b)Unobservable inputs were weighted by the relative unpaid principal balance of the instruments.(c)Unobservable inputs were weighted by the relative notional amount of the instruments.(d)Unobservable inputs were weighted by the probability of the final funding date of the instruments.

Assets and Liabilities Measured at Fair Value on a Nonrecurring BasisCertain assets and liabilities are measured at fair value on a nonrecurring basis. These assets and liabilities are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment.The following tables provide the fair value hierarchy and carrying amount of all assets that were held as of March 31, 2025 and 2024, and for which a nonrecurring fair value adjustment was recorded during the three months ended March 31, 2025 and 2024, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets