Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 519

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 519
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 $10 million to $25 million13 11 22 14 11 23 $25 million to $50 million24 22 33 24 23 — Greater than $50 million47 53 14 46 52 42 Total100 %100 100 100 100 100 By State:California10 %8 6 10 %8 5 Illinois8 8 5 9 8 5 Texas8 9 1 9 9 1 Ohio8 10 3 8 11 6 Florida7 6 8 7 7 35 New York7 6 12 7 6 — Michigan5 5 6 5 5 3 Georgia4 4 16 4 4 21 Indiana3 4 2 3 3 1 Tennessee3 3 10 3 3 1 North Carolina3 3 1 3 3 2 South Carolina3 2 — 2 2 1 Other31 32 30 30 31 19 Total100 %100 100 100 100 100 

The origination policies for commercial real estate outline the risks and underwriting requirements for owner and nonowner-occupied and construction lending. Included in the policies are maturity and amortization terms, maximum LTVs, minimum debt service coverage ratios, construction loan monitoring procedures, appraisal requirements, pre-leasing requirements (as applicable), pro forma analysis requirements and interest rate sensitivity. The Bancorp requires a valuation of real estate collateral, which may include third-party appraisals, be performed at the time of origination and renewal in accordance with regulatory requirements and on an as-needed basis when market conditions justify. The Bancorp maintains an appraisal review department to order and review third-party appraisals in accordance with regulatory requirements. Nonaccrual assets with relationships exceeding $1 million are reviewed quarterly to assess the appropriateness of the value ascribed in the assessment of charge-offs and specific reserves. Additionally, collateral values are also reviewed at least annually for all criticized assets.

79 Fifth Third Bancorp

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

The Bancorp assesses all real estate and non-real estate collateral securing a loan and considers all cross-collateral