Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 20

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 20
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 December 31, 2024 to $2.3 billion at September 30, 2025. At September 30, 2025, the ALLL as a percent of portfolio loans and leases decreased to 1.84%, compared to 1.96% at December 31, 2024. The reserve for unfunded commitments increased $17 million from December 31, 2024 to $151 million at September 30, 2025. At September 30, 2025, the ACL as a percent of portfolio loans and leases decreased to 1.96%, compared to 2.08% at December 31, 2024.

Refer to the Credit Risk Management subsection of the Risk Management section of MD&A as well as Note 6 of the Notes to Condensed Consolidated Financial Statements for more information on the provision for credit losses, including an analysis of loan and lease portfolio composition, nonperforming assets, net charge-offs and other factors considered by the Bancorp in assessing the credit quality of the loan and lease portfolio and determining the level of the ACL.

Noninterest Income

Noninterest income increased $70 million and $107 million for the three and nine months ended September 30, 2025, respectively, compared to the three and nine months ended September 30, 2024.

The following table presents the components of noninterest income:

TABLE 7:  Components of Noninterest IncomeFor the three months endedSeptember 30,For the nine months endedSeptember 30,($ in millions)20252024% Change20252024% ChangeWealth and asset management revenue$181 163 11 $519 483 7Commercial payments revenue157 154 2 462 453 2Consumer banking revenue144 143 1 428 418 2Capital markets fees115 111 4 294 301 (2)Commercial banking revenue87 93 (6)247 267 (7)Mortgage banking net revenue58 50 16 171 154 11Other noninterest income (loss)29 (13)NM86 18 378Securities gains, net10 10 — 17 23 (26)Total noninterest income$781 711 10 $2,224 2,117 5

Wealth and asset management revenue increased $18 million and $36 million for the three and nine months ended September 30, 2025, respectively, compared