Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 314

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 314
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 December 31, 2024.Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following tables summarize assets and liabilities measured at fair value on a recurring basis as of:Fair Value Measurements UsingJune 30, 2025 ($ in millions)Level 1Level 2Level 3Total Fair ValueAssets:Available-for-sale debt and other securities:U.S. Treasury and federal agencies securities$3,508 — — 3,508 Mortgage-backed securities:Agency residential mortgage-backed securities— 6,887 — 6,887 Agency commercial mortgage-backed securities— 20,943 — 20,943 Non-agency commercial mortgage-backed securities— 3,323 — 3,323 Asset-backed securities and other debt securities— 2,802 — 2,802 Available-for-sale debt and other securities(a)3,508 33,955 — 37,463 Trading debt securities:U.S. Treasury and federal agencies securities704 19 — 723 Obligations of states and political subdivisions securities— 35 — 35 Agency residential mortgage-backed securities— 26 — 26 Asset-backed securities and other debt securities— 540 — 540 Trading debt securities704 620 — 1,324 Equity securities386 18 — 404 Residential mortgage loans held for sale— 572 — 572 Residential mortgage loans(b)— — 107 107 Servicing rights— — 1,629 1,629 Derivative assets:Interest rate contracts1 521 7 529 Foreign exchange contracts— 729 — 729 Commodity contracts149 590 — 739 Derivative assets(c)150 1,840 7 1,997 Total assets$4,748 37,005 1,743 43,496 Liabilities:Derivative liabilities:Interest rate contracts$6 669 5 680 Foreign exchange contracts— 700 — 700 Equity contracts— — 145 145 Commodity contracts92 649 — 741 Derivative liabilities(d)98 2,018 150 2,266 Short positions:U.S. Treasury and federal agencies securities116 1 — 117 Asset-backed securities and other debt securities— 254 — 254 Equity securities18