Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 27

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 27
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 loans18,156 17,363 Home equity4,383 3,929 Indirect secured consumer loans17,248 15,373 Credit card1,659 1,728 Solar energy installation loans4,268 3,916 Other consumer loans2,483 2,739 Total consumer loans$48,197 45,048 Total average loans and leases$123,657 117,283 Total average portfolio loans and leases (excluding loans and leases held for sale)$123,071 116,891 

17

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

Average loans and leases, including average loans and leases held for sale, increased $6.4 billion, or 5%, for the three months ended June 30, 2025 compared to the same period in the prior year driven by increases in both average commercial loans and leases and average consumer loans.

Average commercial loans and leases increased $3.2 billion, or 4%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily due to increases in average commercial and industrial loans, average commercial mortgage loans and average commercial leases. Average commercial and industrial loans increased $1.7 billion, or 3%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily as a result of an increase in loan originations at the end of 2024 driving growth in the first half of 2025 as well as lower demand in the first half of 2024. Average commercial mortgage loans increased $1.1 billion, or 9%, for the three months ended June 30, 2025 compared to the same period in the prior year and included the impact of commercial construction loans transitioning to commercial mortgage loans and increased originations. Average commercial leases increased $545 million, or 21%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily driven by an increase in lease originations as a result of a shift in business strategy in the second half of 2024 that has continued into 2025.

Average consumer loans increased $3.1 billion, or 7%, for the three months ended June 30, 2025 compared to the same period in the prior year primarily due to increases in average indirect secured consumer loans, average residential mortgage loans, average home equity and average solar energy installation