Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 92

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 92
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5 and 2024.At March 31, 2025 and December 31, 2024, investment securities with a fair value of $29.3 billion and $30.0 billion, respectively, were pledged to secure borrowing capacity, public deposits, trust funds, derivative contracts and for other purposes as required or permitted by law.

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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of March 31, 2025 are shown in the following table:($ in millions)Available-for-Sale Debt and OtherHeld-to-MaturityAmortized CostFair ValueAmortized CostFair ValueDebt securities:(a)Due in 1 year or less$4,244 4,232 328 328 Due after 1 year through 5 years15,415 14,651 3,023 3,022 Due after 5 years through 10 years16,655 14,620 7,420 7,307 Due after 10 years6,307 5,420 414 415 Other securities824 824 — — Total$43,445 39,747 11,185 11,072 (a)Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of:Less than 12 months12 months or moreTotal($ in millions)Fair ValueUnrealizedLossesFair ValueUnrealizedLossesFair ValueUnrealizedLossesMarch 31, 2025U.S. Treasury and federal agencies securities$38 — — — 38 — Agency residential mortgage-backed securities1,196 (15)4,534 (636)5,730 (651)Agency commercial mortgage-backed securities200 (4)20,760 (2,601)20,960 (2,605)Non-agency commercial mortgage-backed securities152 (1)3,