Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 275

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 275
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 collateral. When a loan or lease is collateral-dependent, its fair value is generally based on the fair value less cost to sell of the underlying collateral.The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of: ($ in millions)December 31,2024December 31,2023Commercial loans and leases:Commercial and industrial loans$325 268 Commercial mortgage owner-occupied loans63 8 Commercial mortgage nonowner-occupied loans4 2 Commercial construction loans1 1 Commercial leases2 — Total commercial loans and leases$395 279 Residential mortgage loans131 126 Consumer loans:Home equity66 54 Indirect secured consumer loans30 15 Total consumer loans$96 69 Total portfolio loans and leases$622 474 Nonperforming AssetsNonperforming assets include nonaccrual loans and leases for which ultimate collectability of the full amount of the principal and/or interest is uncertain and certain other assets, including OREO and other repossessed property. 

139 Fifth Third Bancorp

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property, as of:December 31, 2024December 31, 2023 ($ in millions)With an ALLLNo RelatedALLLTotalWith an ALLLNo RelatedALLLTotalCommercial loans and leases:Commercial and industrial loans$265 109 374 273 31 304 Commercial mortgage owner-occupied loans52 23 75 11 6 17 Commercial mortgage nonowner-occupied loans— 4 4 — 3 3 Commercial construction loans— 1 1 — 1 1 Commercial leases2 — 2 — 1 1 Total nonaccrual portfolio commercial loans and leases$319 137 456 284 42 326 Residential mortgage loans57 80 137 26 98 124 Consumer loans:Home equity21 49 70 21 36 57 Indirect secured consumer loans48 7 55 32 4 36 Credit card32 — 32 34 — 34 Solar energy installation loans64 — 64 60 — 60