Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 26

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 26
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4Commercial loans and leases:Commercial and industrial loans$53,354 52,286 Commercial mortgage loans12,135 12,268 Commercial construction loans5,551 5,617 Commercial leases3,186 3,188 Total commercial loans and leases$74,226 73,359 Consumer loans:Residential mortgage loans18,253 18,117 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$48,816 47,072 Total loans and leases$123,042 120,431 Total portfolio loans and leases (excluding loans and leases held for sale)$122,396 119,791 

Total loans and leases, including loans and leases held for sale, increased $2.6 billion, or 2%, from December 31, 2024 driven by increases in both consumer loans and commercial loans and leases.

Commercial loans and leases increased $867 million, or 1%, from December 31, 2024 primarily due to an increase in commercial and industrial loans. Commercial and industrial loans increased $1.1 billion, or 2%, from December 31, 2024 primarily as a result of loan originations exceeding payoffs.

Consumer loans increased $1.7 billion, or 4%, from December 31, 2024 primarily due to increases in indirect secured consumer loans and home equity. Indirect secured consumer loans increased $1.3 billion, or 8%, from December 31, 2024 primarily driven by higher loan production. Home equity increased $297 million, or 7%, from December 31, 2024 as loan originations and new advances exceeded payoffs, driven by increased marketing efforts.

TABLE 14:  Components of Average Loans and Leases (including average loans and leases held for sale)For the three months ended ($ in millions)June 30, 2025June 30, 2024Commercial loans and leases:Commercial and industrial loans$54,109 52,389 Commercial mortgage loans12,420 11,353 Commercial construction loans5,810 5,917 Commercial leases3,121 2,576 Total commercial loans and leases$75,460 72,235 Consumer loans:Residential mortgage