Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 96

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 96
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 145 1,047 2,322 Losses charged-off(a)(40)— (106)(146)Recoveries of losses previously charged-off(a)5 — 31 36 Provision for (benefit from) loan and lease losses46 (5)65 106 Balance, end of period$1,141 140 1,037 2,318 (a)The Bancorp recorded $8 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.         The following tables provide a summary of the ALLL and related loans and leases, classified by portfolio segment:As of March 31, 2025 ($ in millions)CommercialResidentialMortgageConsumerTotalALLL:(a)Individually evaluated$178 1 13 192 Collectively evaluated1,063 138 991 2,192 Total ALLL$1,241 139 1,004 2,384 Portfolio loans and leases:(b)Individually evaluated$563 136 101 800 Collectively evaluated74,574 17,336 29,372 121,282 Total portfolio loans and leases$75,137 17,472 29,473 122,082 (a)Includes $1 related to commercial leveraged leases at March 31, 2025.(b)Excludes $109 of residential mortgage loans measured at fair value and includes $241 of commercial leveraged leases, net of unearned income, at March 31, 2025.As of December 31, 2024 ($ in millions)CommercialResidentialMortgageConsumerTotalALLL:(a)Individually evaluated$106 — 11 117 Collectively evaluated1,048 146 1,041 2,235 Total ALLL$1,154 146 1,052 2,352 Portfolio loans and leases:(b)Individually evaluated$395 131 96 622 Collectively evaluated72,898 17,304 28,859 119,061 Total portfolio loans and leases$73,293 17,435 28,955 119,683 (a)Includes $1 related to commercial leveraged leases at December 31, 2024.(b)Excludes $108 of residential mortgage loans measured at fair value and