Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 145

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 145
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 required to be posted as a result of the credit risk-related contingent features being triggered was immaterial to the Bancorp’s Condensed Consolidated Financial Statements. The posting of collateral has been determined to remove the need for further consideration of credit risk. As a result, the Bancorp determined that the impact of the Bancorp’s credit risk to the valuation of its derivative liabilities was immaterial to the Bancorp’s Condensed Consolidated Financial Statements.The Bancorp holds certain derivative instruments that qualify for hedge accounting treatment and are designated as either fair value hedges or cash flow hedges. Derivative instruments that do not qualify for hedge accounting treatment, or for which hedge accounting is not established, are held as free-standing derivatives. All customer accommodation derivatives are held as free-standing derivatives.

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

The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of:Fair ValueSeptember 30, 2025 ($ in millions)NotionalAmountDerivativeAssetsDerivativeLiabilitiesDerivatives Designated as Qualifying Hedging Instruments:Fair value hedges:Interest rate swaps related to long-term debt$4,205 1 12 Total fair value hedges1 12 Cash flow hedges:Interest rate swaps related to C&I loans6,850 — 1 Interest rate swaps related to commercial mortgage and commercial construction loans4,000 — — Total cash flow hedges— 1 Total derivatives designated as qualifying hedging instruments1 13 Derivatives Not Designated as Qualifying Hedging Instruments:Free-standing derivatives – risk management and other business purposes:Interest rate contracts related to MSR portfolio4,750 10 2 Forward contracts related to residential mortgage loans measured at fair value(a)1,412 2 5 Swap associated with the sale of Visa, Inc. Class B Shares2,627 — 150 Foreign exchange contracts124 1 — Interest-only strips24 — — Interest rate contracts for LIBOR transition597 — — Other48 — — Total free-standing derivatives – risk management and other business purposes13 157 Free-standing derivatives – customer accommodation:Interest rate contracts(b)81,917 481 585 Interest rate lock commitments562 8 — Commodity contracts17,379 667 672