Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 113

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 113
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 the nine months ended September 30, 2024 ($ in millions)CommercialResidential MortgageConsumerTotalBalance, beginning of period$1,130 145 1,047 2,322 Losses charged off(a)(203)(2)(306)(511)Recoveries of losses previously charged off(a)16 3 96 115 Provision for (benefit from) loan and lease losses162 (3)220 379 Balance, end of period$1,105 143 1,057 2,305 (a)The Bancorp recorded $22 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.

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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

         The following tables provide a summary of the ALLL and related loans and leases, classified by portfolio segment:As of September 30, 2025 ($ in millions)CommercialResidentialMortgageConsumerTotalALLL:(a)Individually evaluated$156 — 14 170 Collectively evaluated1,026 133 936 2,095 Total ALLL$1,182 133 950 2,265 Portfolio loans and leases:(b)Individually evaluated$380 137 105 622 Collectively evaluated74,043 17,400 30,958 122,401 Total portfolio loans and leases$74,423 17,537 31,063 123,023 (a)Includes $2 related to commercial leveraged leases at September 30, 2025.(b)Excludes $107 of residential mortgage loans measured at fair value and includes $242 of commercial leveraged leases, net of unearned income, at September 30, 2025.As of December 31, 2024 ($ 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