Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 53

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 53
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 risk appetite. Recent rate cuts and potential future decreases in interest rates may lessen these risks moving forward.

The following table provides an analysis of the Bancorp’s outstanding credit card portfolio disaggregated based upon FICO score at origination as of:

TABLE 41:  Credit Card Portfolio Loans Outstanding by FICO Score at OriginationMarch 31, 2025December 31, 2024($ in millions)Outstanding% of TotalOutstanding% of TotalFICO ≤ 659$76 5  %$78 5  %FICO 660-719457 27 470 27 FICO ≥ 7201,127 68 1,186 68 Total$1,660 100  %$1,734 100  %

Solar energy installation loans portfolio

The Bancorp originates point-of-sale solar energy installation loans through a network of approved installers. The Bancorp considers several factors when monitoring its solar energy installation loan portfolio, including concentrations by installer, concentrations by state and FICO distributions at origination. At both March 31, 2025 and December 31, 2024, loans originated through the Bancorp’s three largest approved installers represented approximately 23% of total balances outstanding in the solar energy installation loan portfolio.

The following table provides an analysis of solar energy installation portfolio loans outstanding by state as of:

TABLE 42:  Solar Energy Installation Loans Outstanding by StateMarch 31, 2025December 31, 2024($ in millions)OutstandingNonaccrualOutstandingNonaccrualBy State:Florida$664 9 $675 16 California558 3 562 8 Texas507 3 501 7 Arizona366 3 366 4 Virginia237 1 229 1 Oregon178 — 165 — Nevada168 — 165 1 Colorado161 — 158 1 New York122 — 118 — Connecticut105 1 103 3 All other states1,196 10 1,160 23 Total$4,262 30 $4,202 64 

39

Table of ContentsManagement’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

The following table provides an analysis of solar energy installation portfolio loans outstanding disaggregated based upon FICO score at origination as of:

TABLE 43:  Solar Energy Installation Loans Outstanding by