Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 124

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 124
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 effects of potential modifications when estimating expected credit losses.Portfolio loans with an amortized cost basis of $377 million and $183 million as of June 30, 2025 and 2024, respectively, were modified during the three months ended June 30, 2025 and 2024, respectively, and $526 million and $300 million were modified during the six months ended June 30, 2025 and 2024, respectively, for borrowers experiencing financial difficulty, as further discussed in the following sections. These modifications for the three months ended June 30, 2025 and 2024 represented 0.31% and 0.16%, respectively, of total portfolio loans and leases as of June 30, 2025 and 2024, respectively and 0.43% and 0.26% for the six months ended June 30, 2025 and 2024, respectively. These amounts excluded $19 million and $21 million for the three months ended June 30, 2025 and 2024, respectively, and $31 million and $30 million for the six months ended June 30, 2025 and 2024, respectively, of consumer and residential mortgage loans which have been granted a concession under provisions of the Federal Bankruptcy Act and are monitored separately from loans modified under the Bancorp’s 

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

loan modification programs. As of June 30, 2025 and December 31, 2024, the Bancorp had commitments of $89 million and $88 million, respectively, to lend additional funds to borrowers experiencing financial difficulty whose terms have been modified during the twelve months ended June 30, 2025 and December 31, 2024, respectively.Commercial portfolio segment Commercial loan modifications are individually negotiated and may vary depending on the borrower’s financial situation, but the Bancorp most commonly utilizes term extensions for periods of three to twelve months. The Bancorp may also consider offering commercial borrowers interest rate reductions or payment delays, which may be combined with a term extension.The following tables present the amortized cost basis as of June 30, 2025 and 2024 of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification:For the three months ended June 30, 2025 ($ in millions)Term ExtensionTerm Extension and