Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 67

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 67
---
326 124 199 649 Transfers to nonaccrual status159 33 172 364 Transfers to accrual status(1)(14)(34)(49)Transfers to held for sale(3)— — (3)Loan paydowns/payoffs(84)(14)(32)(130)Transfers to OREO— (2)(7)(9)Charge-offs(123)— (95)(218)Draws/other extensions of credit— 2 — 2 Balance, end of period$274 129 203 606 

Analysis of Net Loan Charge-offs

Net charge-offs were 45 bps and 49 bps of average portfolio loans and leases for the three months ended June 30, 2025 and 2024, respectively, and were 45 bps and 44 bps of average portfolio loans and leases for the six months ended June 30, 2025 and 2024, respectively. Table 49 provides a summary of credit loss experience and net charge-offs as a percent of average portfolio loans and leases outstanding by loan category.

The ratio of commercial loan and lease net charge-offs as a percent of average portfolio commercial loans and leases decreased to 38 bps during the three months ended June 30, 2025, compared to 45 bps during the same period in the prior year primarily due to a decrease in net charge-offs on commercial and industrial loans of $11 million for the three months ended June 30, 2025. The ratio of commercial loan and lease net charge-offs as a percent of average portfolio commercial loans and leases increased to 37 bps during the six months ended June 30, 2025, compared to 32 bps during the same period in the prior year primarily due to increases in net charge-offs on commercial mortgage loans of $14 million and commercial and industrial loans of $6 million for the six months ended June 30, 2025.

The ratio of consumer loan net charge-offs as a percent of average portfolio consumer loans decreased to 56 bps and 59 bps during the three and six months ended June 30, 2025, respectively, compared to 57 bps and 62 bps during the same periods in the prior year as increases in net charge-offs on solar energy installation loans of $8 million and $14 million for the three and six months ended June 30, 2025, respectively, were more than offset