Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 110

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 110
---
 and changes are made to underwriting policies and procedures as needed. The Bancorp maintains an allowance to absorb loan and lease 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)September 30,2025December 31,2024Loans and leases held for sale:Commercial and industrial loans$8 15 Commercial mortgage loans— 22 Commercial construction loans— 29 Residential mortgage loans565 574 Credit card3 — Total loans and leases held for sale$576 640 Portfolio loans and leases:Commercial and industrial loans$53,947 52,271 Commercial mortgage loans11,932 12,246 Commercial construction loans5,326 5,588 Commercial leases3,218 3,188 Total commercial loans and leases$74,423 73,293 Residential mortgage loans$17,644 17,543 Home equity4,678 4,188 Indirect secured consumer loans17,885 16,313 Credit card1,692 1,734 Solar energy installation loans4,432 4,202 Other consumer loans2,376 2,518 Total consumer loans$48,707 46,498 Total portfolio loans and leases$123,130 119,791 Portfolio loans and leases are recorded net of unearned income, which totaled $374 million and $380 million as of September 30, 2025 and December 31, 2024, respectively. The amortized cost basis of loans and leases excludes accrued interest receivable of $549 million and $566 million at September 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 $206 million and $324 million as of September 30, 2025 and December 31, 2024, respectively, of which $887 million and $901 million of net discount was related to solar energy installation loans,