Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 540

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 540
---
Home equity4,188 3,916 Indirect secured consumer loans16,313 14,965 Credit card1,734 1,865 Solar energy installation loans4,202 3,728 Other consumer loans2,518 2,988 Total portfolio loans and leases$119,791 117,234 Attributed ALLL as a percent of respective portfolio loans and leases:Commercial and industrial loans1.39 %1.44 Commercial mortgage loans2.87 2.52 Commercial construction loans1.06 1.17 Commercial leases0.50 0.50 Residential mortgage loans0.83 0.85 Home equity2.53 2.60 Indirect secured consumer loans1.91 1.81 Credit card9.52 12.17 Solar energy installation loans8.35 7.83 Other consumer loans4.73 5.19 Total ALLL as a percent of portfolio loans and leases1.96 %1.98 Total ACL as a percent of portfolio loans and leases2.08 2.12 

(a) Includes $108 and $116 of residential mortgage loans measured at fair value at December 31, 2024 and 2023, respectively.

The Bancorp’s ALLL may vary significantly from period to period based on changes in economic conditions, economic forecasts and the composition and credit quality of the Bancorp’s loan and lease portfolio. For additional information on the Bancorp’s methodology for measuring the ACL, refer to Note 1 of the Notes to Consolidated Financial Statements.

93 Fifth Third Bancorp

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

INTEREST RATE AND PRICE RISK MANAGEMENT 

Interest rate risk is the risk to earnings or capital arising from movement of interest rates. This risk primarily impacts the Bancorp’s income categories through changes in interest income on earning assets and the cost of interest-bearing liabilities, and through fee items that are related to interest-sensitive activities such as mortgage origination and servicing income and through earnings credits earned on commercial deposits that offset commercial deposit fees. Price risk is the risk to earnings or capital arising from changes in the value of financial instruments and portfolios due to movements in interest rates, volatilities, foreign exchange rates, equity prices and commodity prices. Management considers interest rate risk a prominent market risk in terms of its potential impact on earnings. Interest rate risk may occur for any