Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 58

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 58
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17,681 74.1  %$17,543 73.5 %

(a)Includes loans with either borrower or lender paid mortgage insurance.

The following tables provide an analysis of the residential mortgage portfolio loans outstanding by state with a greater than 80% LTV at origination and no mortgage insurance:

TABLE 34:  Residential Mortgage Portfolio Loans, LTV Greater Than 80% at Origination, No Mortgage InsuranceAs of June 30, 2025 ($ in millions)Outstanding90 Days PastDue and AccruingNonaccrualBy State:Illinois$553 — 4 Ohio530 1 7 Florida482 1 2 North Carolina211 — — Indiana179 — 2 Michigan168 — 2 Kentucky132 — 2 All other states420 — 4 Total$2,675 2 23 

TABLE 35:  Residential Mortgage Portfolio Loans, LTV Greater Than 80% at Origination, No Mortgage InsuranceAs of December 31, 2024 ($ in millions)Outstanding90 Days PastDue and AccruingNonaccrualBy State:Illinois$518 — 5 Ohio518 1 7 Florida457 — 2 North Carolina202 — — Indiana165 — 2 Michigan167 — 2 Kentucky130 — 1 All other states385 — 5 Total$2,542 1 24 

Net charge-offs on residential mortgage loans with an LTV greater than 80% at origination and no mortgage insurance were immaterial for both the three and six months ended June 30, 2025 and 2024.

Home equity portfolio

The Bancorp’s home equity portfolio of $4.5 billion is primarily comprised of home equity lines of credit. Beginning in the first quarter of 2013, the Bancorp’s newly originated home equity lines of credit have a 10-year interest-only draw period followed by a 20-year amortization period. The home equity line of credit previously offered by the Bancorp was a revolving facility with a 20-year term, minimum payments of interest-only and a balloon payment of principal at maturity. Approximately 17% of the outstanding balances of the Bancorp’s portfolio of home equity lines of credit have a balloon structure at maturity. Peak maturity years for the balloon home equity lines of credit are 2025 to