Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 321

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 321
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 liabilities are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment.The following tables provide the fair value hierarchy and carrying amount of all assets that were held as of June 30, 2025 and 2024, and for which a nonrecurring fair value adjustment was recorded during the three and six months ended June 30, 2025 and 2024, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period.Fair Value Measurements UsingTotal (Losses) GainsAs of June 30, 2025 ($ in millions)Level 1Level 2Level 3TotalFor the three   months ended June 30, 2025For the six     months ended June 30, 2025Commercial loans and leases$— — 222 222 (78)(204)Consumer and residential mortgage loans— — 194 194 (3)(7)OREO— — 5 5 — 1 Private equity investments— 13 — 13 — 4 Total$— 13 421 434 (81)(206)

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

Fair Value Measurements UsingTotal (Losses) GainsAs of June 30, 2024 ($ in millions)Level 1Level 2Level 3TotalFor the three      months ended June 30, 2024For the six months ended June 30, 2024Commercial loans held for sale$— — 4 4 — — Commercial loans and leases— — 67 67 (44)(104)Consumer and residential mortgage loans— — 196 196 — (3)OREO— — 5 5 (1)(1)Bank premises and equipment— — 3 3 — — Private equity investments— — — — — 9 Total$— — 275 275 (45)(99)The following tables present information as of June 30, 2025 and 2024 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured on a nonrecurring