Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 213

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 213
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 30, 2025 compared to 35% as of December 31, 2024.

Portfolio commercial nonaccrual loans and leases were $508 million at June 30, 2025, an increase of $52 million from December 31, 2024. Portfolio residential mortgage and consumer nonaccrual loans were $345 million at June 30, 2025, a decrease of $22 million from December 31, 2024. Refer to Table 47 for a rollforward of portfolio nonaccrual loans and leases.

OREO and other repossessed property was $33 million and $30 million at June 30, 2025 and December 31, 2024, respectively. The Bancorp recognized an immaterial amount of losses and $1 million of gains on the transfer, sale or write-down of OREO properties for the three and six months ended June 30, 2025, respectively, compared to $1 million of losses for both the three and six months ended June 30, 2024.

For the three and six months ended June 30, 2025, approximately $18 million and $38 million, respectively, of interest income would have been recognized if the nonaccrual portfolio loans and leases had been current in accordance with their contractual terms, compared to $18 million and $35 million for the same periods in the prior year. Although these values help demonstrate the costs of carrying nonaccrual credits, the Bancorp does not expect to recover the full amount of interest as nonaccrual loans and leases are generally carried below their principal balance. 

TABLE 46:  Summary of Nonperforming Assets and Delinquent Loans and LeasesAs of ($ in millions)June 30,2025December 31,2024Nonaccrual portfolio loans and leases:Commercial and industrial loans$460 374 Commercial mortgage loans48 79 Commercial construction loans— 1 Commercial leases— 2 Residential mortgage loans143 137 Home equity75 70 Indirect secured consumer loans65 55 Credit card29 32 Solar energy installation loans26 64 Other consumer loans7 9 Total nonaccrual portfolio loans and leases(a)$853 823 OREO and other repossessed property(c)33 30 Total nonperforming portfolio assets$886 853 Nonaccrual loans held for sale27 7 Total nonperform