Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 55

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 55
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314 426 3,402 Commercial mortgage nonowner-occupied loans— 95 5,802 Total$314 521 9,204 TABLE 30:  Commercial Mortgage Loans Outstanding by LTV, Loans Greater Than $1 MillionAs of December 31, 2024 ($ in millions)LTV > 100%LTV 80-100%LTV < 80%Commercial mortgage owner-occupied loans$53 1373,753Commercial mortgage nonowner-occupied loans— 2885,615Total$53 4259,368

The Bancorp views nonowner-occupied commercial real estate as a higher credit risk product compared to some other commercial loan portfolios due to the higher volatility of the industry.

The following tables provide an analysis of nonowner-occupied commercial real estate loans, disaggregated by property location (excluding loans held for sale):

TABLE 31:  Nonowner-Occupied Commercial Real Estate (excluding loans held for sale)(a)As of June 30, 2025 ($ in millions)OutstandingExposure90 DaysPast DueNonaccrualBy State:Florida$1,587 2,556 — — Texas1,109 1,833 — — Illinois958 1,151 — 3 Ohio884 1,390 — — Michigan774 942 3 — South Carolina628 754 — — California570 1,008 — — North Carolina496 657 — — Georgia478 820 — — New York389 444 — 2 All other states3,261 4,554 — 3 Total$11,134 16,109 3 8 

(a)Included in commercial mortgage loans and commercial construction loans in the Loans and Leases subsection of the Balance Sheet Analysis section of MD&A.

36

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

TABLE 32:  Nonowner-Occupied Commercial Real Estate (excluding loans held for sale)(a)As of December 31, 2024 ($ in millions)OutstandingExposure90 DaysPast DueNonaccrualBy State:Florida$1,543 2,526 — — Texas905 1,714 — 2 Illinois1,123 1,275 — 2 Ohio835 1,231