Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 322

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 322
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 basis:As of June 30, 2025 ($ in millions)Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges ofInputsWeighted-AverageCommercial loans and leases$222 Appraised valueCollateral valueNMNMConsumer and residential mortgage loans194 Appraised valueCollateral valueNMNMOREO5 Appraised valueAppraised valueNMNMAs of June 30, 2024 ($ in millions)Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges ofInputsWeighted-AverageCommercial loans held for sale$4 Comparable company analysisMarket comparable transactionsNMNMCommercial loans and leases67 Appraised valueCollateral valueNMNMConsumer and residential mortgage loans196 Appraised valueCollateral valueNMNMOREO5 Appraised valueAppraised valueNMNMBank premises and equipment3 Appraised valueAppraised valueNMNMPrivate equity investments— Comparable company analysisMarket comparable transactionsNMNM       Commercial loans held for saleThe Bancorp estimated the fair value of certain commercial loans held for sale during the three and six months ended June 30, 2024. These valuations were based on appraisals of the underlying collateral or by applying unobservable inputs such as an estimated market discount to the unpaid principal balance of the loans or the appraised value of the assets (Level 3 of the valuation hierarchy). Portfolio loans and leasesDuring the three and six months ended June 30, 2025 and 2024, the Bancorp recorded nonrecurring adjustments to certain collateral-dependent portfolio loans and leases. When a loan is collateral-dependent, the fair value of the loan is generally based on the fair value less cost to sell of the underlying collateral supporting the loan and therefore these loans were classified within Level 3 of the valuation hierarchy. In cases where the amortized cost basis of the loan or lease exceeds the estimated net realizable value of the collateral, then an ALLL is recognized, or a charge-off once the remaining amount is considered uncollectible.OREODuring the three and six months ended June 30, 2025 and 2024, the Bancorp recorded nonrecurring adjustments to certain commercial and residential real estate properties and branch-related real estate no longer intended to be used for banking purposes classified as OREO and measured at the lower of carrying amount or fair value. These nonrecurring adjustments were primarily due to changes in real estate values of the properties recognized upon the transfer, or subsequent to the transfer, to OREO. The fair