Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 533

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 533
---
8)(9)Indirect secured consumer loans(139)(110)(68)Credit card(87)(82)(68)Solar energy installation loans(63)(27)(2)Other consumer loans(a)(122)(121)(81)Total losses charged-off$(686)(522)(362)Recoveries of losses previously charged-off:Commercial and industrial loans$22 13 25 Commercial mortgage loans1 3 1 Commercial construction loans— — 1 Commercial leases— 1 3 Residential mortgage loans4 4 5 Home equity7 7 11 Indirect secured consumer loans49 38 32 Credit card19 18 16 Solar energy installation loans7 1 1 Other consumer loans(a)45 49 40 Total recoveries of losses previously charged-off$154 134 135 Net losses charged-off:Commercial and industrial loans$(242)(155)(96)Commercial mortgage loans— 2 1 Commercial construction loans— (1)(2)Commercial leases(2)1 (4)Residential mortgage loans2 — 2 Home equity1 (1)2 Indirect secured consumer loans(90)(72)(36)Credit card(68)(64)(52)Solar energy installation loans(56)(26)(1)Other consumer loans(77)(72)(41)Total net losses charged-off$(532)(388)(227)Net losses charged-off as a percent of average portfolio loans and leases:Commercial and industrial loans0.46 %0.27 0.17 Commercial mortgage loans— (0.02)(0.01)Commercial construction loans— 0.02 0.04 Commercial leases0.07 (0.04)0.13 Total commercial loans and leases0.34 %0.20 0.13 Residential mortgage loans(0.01)— (0.01)Home equity(0.01)0.03 (0.05)Indirect secured consumer loans0.57 0.45 0.21 Credit card3.98 3.55 2.98 Solar energy installation loans1.41 0.89 0.25 Other consumer loans2.79 2.32 1.33 Total consumer loans0.64 %0.52 0.29 Total net losses charged-off as a percent of average portfolio loans and leases0.45