Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 255

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 255
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177 3,188 Total commercial loans and leases$74,152 73,293 Residential mortgage loans$17,681 17,543 Home equity4,485 4,188 Indirect secured consumer loans17,591 16,313 Credit card1,707 1,734 Solar energy installation loans4,316 4,202 Other consumer loans2,464 2,518 Total consumer loans$48,244 46,498 Total portfolio loans and leases$122,396 119,791 Portfolio loans and leases are recorded net of unearned income, which totaled $383 million and $380 million as of June 30, 2025 and December 31, 2024, respectively. The amortized cost basis of loans and leases excludes accrued interest receivable of $571 million and $566 million at June 30, 2025 and December 31, 2024, respectively, which is presented as a component of other assets in the Condensed Consolidated Balance Sheets. Additionally, portfolio loans and leases are recorded net of unamortized premiums and discounts, deferred direct loan origination fees and costs associated with loans and valuation adjustments associated with loans measured at fair value. These items totaled a net discount of $234 million and $324 million as of June 30, 2025 and December 31, 2024, respectively, of which $893 million and $901 million of net discount was related to solar energy installation loans, respectively.The Bancorp’s FHLB and FRB borrowings are primarily secured by loans. The Bancorp had loans of $15.0 billion and $15.1 billion as of June 30, 2025 and December 31, 2024, respectively, pledged to the FHLB, and loans of $59.6 billion and $55.3 billion as of June 30, 2025 and December 31, 2024, respectively, pledged to the FRB.

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

The following table presents a summary of net charge-offs:For the three months endedJune 30,For the six months endedJune 30,($ in millions)2025202420252024Commercial and industrial loans$69 80 121 115 Commercial mortgage loans3 — 14 — Commercial leases(1)— 1 —