Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 107

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 107
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 losses that are expected to be incurred over the remaining contractual terms of the related loans and leases. For further information on credit quality and the ALLL, refer to Note 6.The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of:($ in millions)June 30,2025December 31,2024Loans and leases held for sale:Commercial and industrial loans$42 15 Commercial mortgage loans23 22 Commercial construction loans— 29 Commercial leases9 — Residential mortgage loans572 574 Total loans and leases held for sale$646 640 Portfolio loans and leases:Commercial and industrial loans$53,312 52,271 Commercial mortgage loans12,112 12,246 Commercial construction loans5,551 5,588 Commercial leases3,177 3,188 Total commercial loans and leases$74,152 73,293 Residential mortgage loans$17,681 17,543 Home equity4,485 4,188 Indirect secured consumer loans17,591 16,313 Credit card1,707 1,734 Solar energy installation loans4,316 4,202 Other consumer loans2,464 2,518 Total consumer loans$48,244 46,498 Total portfolio loans and leases$122,396 119,791 Portfolio loans and leases are recorded net of unearned income, which totaled $383 million and $380 million as of June 30, 2025 and December 31, 2024, respectively. The amortized cost basis of loans and leases excludes accrued interest receivable of $571 million and $566 million at June 30, 2025 and December 31, 2024, respectively, which is presented as a component of other assets in the Condensed Consolidated Balance Sheets. Additionally, portfolio loans and leases are recorded net of unamortized premiums and discounts, deferred direct loan origination fees and costs associated with loans and valuation adjustments associated with loans measured at fair value. These items totaled a net discount of $234 million and $324 million as of June 30, 2025 and December 31, 2024, respectively, of which $893 million and $901 million of net discount was related to solar energy installation loans, respectively.The Bancorp’s FHLB and FRB borrowings are primarily secured by loans. The Bancorp had loans