Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 169

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7A
Chunk 169
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%(Fixed)5.8 %(b)(Adjustable)16.9 %(b)OAS (bps)420-1,823(Fixed)459(b)(Adjustable)731(b)IRLCs, net2 DCFLoan closing rates20.8 -96.0%83.5 %(c)Swap associated with the sale of Visa, Inc. Class B Shares(170)DCFTiming of the resolution of the Covered LitigationQ2 2027-Q1 2028Q4 2027(d)(a)Unobservable inputs were weighted by the relative carrying value of the instruments.(b)Unobservable inputs were weighted by the relative unpaid principal balance of the instruments.(c)Unobservable inputs were weighted by the relative notional amount of the instruments.(d)Unobservable inputs were weighted by the probability of the final funding date of the instruments.As of December 31, 2023 ($ in millions)Financial InstrumentFair ValueValuation TechniqueSignificant UnobservableInputsRange of InputsWeighted-AverageResidential mortgage loans$116 Loss rate modelInterest rate risk factor(23.4)-3.4%(11.6)%(a)Credit risk factor— -0.6%0.2 %(a)Servicing rights1,737 DCFPrepayment speed— -100.0%(Fixed)5.9 %(b)(Adjustable)20.3 %(b)OAS (bps)477-1,447(Fixed)569(b)(Adjustable)1,016(b)IRLCs, net5 DCFLoan closing rates20.9 -96.0%82.3 %(c)Swap associated with the sale of Visa, Inc. Class B Shares(168)DCFTiming of the resolution of the Covered LitigationQ4 2024-Q1 2027Q4 2025(d)(a)Unobservable inputs were weighted by the relative carrying value of the instruments(b)Unobservable inputs were weighted by the relative unpaid principal balance of the instruments.(c)Unobservable inputs were weighted by the relative notional amount of the instruments.(d)Unobservable inputs were weighted by the probability of the final funding date of the instruments.Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Certain assets and liabilities are measured at fair value on a nonrecurring basis. These assets and liabilities are not measured at fair value on an ongoing basis; however, they