Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 282

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 282
---
 — — 1 1 Commercial leases— — — 2 — 2 Total nonaccrual portfolio commercial loans and leases$369 66 435 319 137 456 Residential mortgage loans66 76 142 57 80 137 Consumer loans:Home equity20 52 72 21 49 70 Indirect secured consumer loans52 9 61 48 7 55 Credit card29 — 29 32 — 32 Solar energy installation loans22 — 22 64 — 64 Other consumer loans7 — 7 9 — 9 Total nonaccrual portfolio consumer loans$130 61 191 174 56 230 Total nonaccrual portfolio loans and leases(a)(b)$565 203 768 550 273 823 OREO and other repossessed property— 33 33 — 30 30 Total nonperforming portfolio assets(a)(b)$565 236 801 550 303 853 (a)Excludes $4 and $7 of nonaccrual loans held for sale as of September 30, 2025 and December 31, 2024, respectively.(b)Includes $15 and $18 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of September 30, 2025 and December 31, 2024, respectively.The Bancorp recognized an immaterial amount of interest income on nonaccrual loans and leases for both the three and nine months ended September 30, 2025 and 2024.The Bancorp’s amortized cost basis of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction was $100 million and $94 million as of September 30, 2025 and December 31, 2024, respectively.

Modifications to Borrowers Experiencing Financial DifficultyIn the course of servicing its loans, the Bancorp works with borrowers who are experiencing financial difficulty to identify solutions that are mutually beneficial to both parties with the objective of mitigating the risk of losses on the loan. These efforts often result in modifications to the payment terms of the loan. The types of modifications offered to borrowers vary by type of loan and may include term extensions, interest rate reductions, payment delays (other than those that are insignificant)