Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 63

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 63
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’s three largest approved installers represented approximately 23% of total balances outstanding in the solar energy installation loan portfolio.

41

Table of ContentsManagement’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

The following table provides an analysis of solar energy installation portfolio loans outstanding by state as of:

TABLE 43:  Solar Energy Installation Portfolio Loans Outstanding by StateJune 30, 2025December 31, 2024($ in millions)OutstandingNonaccrualOutstandingNonaccrualBy State:Florida$651 8 675 16 California552 2 562 8 Texas514 3 501 7 Arizona365 2 366 4 Virginia245 1 229 1 Oregon193 — 165 — Nevada170 — 165 1 Colorado164 — 158 1 New York127 — 118 — Connecticut106 1 103 3 All other states1,229 9 1,160 23 Total$4,316 26 4,202 64 

The following table provides an analysis of solar energy installation portfolio loans outstanding disaggregated based upon FICO score at origination as of:

TABLE 44:  Solar Energy Installation Portfolio Loans Outstanding by FICO Score at OriginationJune 30, 2025December 31, 2024($ in millions)Outstanding% of TotalOutstanding% of TotalFICO ≤ 659$5 —  %$5 —  %FICO 660-719630 15 621 15 FICO ≥ 7203,681 85 3,576 85 Total$4,316 100  %$4,202 100  %

Other consumer loans portfolio

Other consumer portfolio loans are comprised of secured and unsecured loans originated through the Bancorp’s branch network, point-of-sale home improvement loans originated through a network of contractors and installers, and other point-of-sale loans originated or purchased in connection with third-party companies. Loans originated in connection with one third-party point-of-sale company are impacted by certain credit loss protection coverage provided by that company. The Bancorp discontinued origination of new loans with this third-party company in September 2022. 

The following table provides an analysis of other consumer portfolio loans outstanding by product type as of:

TABLE 45:  Other Consumer Portfolio Loans Outstanding by Product TypeJune 30,