Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 107

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 107
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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage:For the three months ended March 31, 2025($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans20252024202320222021PriorTotalConsumer loans:Home equity$— — — — — — 2 — 2 Indirect secured consumer loans— 6 11 12 4 3 — — 36 Credit card— — — — — — 22 — 22 Solar energy installation loans— 3 11 7 — — — — 21 Other consumer loans— 1 4 7 2 3 8 — 25 Total residential mortgage and consumer loans$— 10 26 26 6 6 32 — 106 For the three months ended March 31, 2024($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans20242023202220212020PriorTotalConsumer loans:Home equity$— — — — — — 2 — 2 Indirect secured consumer loans— 8 13 7 3 4 — — 35 Credit card— — — — — — 23 — 23 Solar energy installation loans— 8 6 — — — — — 14 Other consumer loans— 4 11 3 2 3 8 1 32 Total residential mortgage and consumer loans$— 20 30 10 5 7 33 1 106 Collateral-Dependent Loans and LeasesThe Bancorp considers a loan or lease to be collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the 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)