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

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 25
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The fair values of investment securities are impacted by interest rates, credit spreads, market volatility and liquidity conditions. The fair value of the Bancorp’s investment securities portfolio generally decreases when interest rates increase or when credit spreads widen, and, conversely, increases when interest rates decrease or when credit spreads contract. Total net unrealized losses on the available-for-sale debt and other securities portfolio were $3.7 billion and $4.3 billion at March 31, 2025 and December 31, 2024, respectively. 

19

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

TABLE 16:  Characteristics of Available-for-Sale Debt and Other SecuritiesAs of March 31, 2025 ($ in millions)Amortized CostFair ValueWeighted-Average Life(in years)Weighted-Average YieldU.S. Treasury and federal agencies securities:Average life within one year$2,558 2,559 0.64.43 %Average life after one year through five years1,800 1,802 1.34.43 Total$4,358 4,361 0.94.43 %Agency residential mortgage-backed securities:Average life within one year10 10 0.93.45 Average life after one year through five years1,347 1,260 3.72.84 Average life after five years through ten years5,080 4,691 6.83.93 Average life after ten years813 640 11.02.89 Total$7,250 6,601 6.73.61  %Agency commercial mortgage-backed securities:(a)Average life within one year834 827 0.53.34 Average life after one year through five years10,193 9,578 3.12.64 Average life after five years through ten years9,690 8,277 7.12.65 Average life after ten years2,942 2,374 11.72.71 Total$23,659 21,056 5.72.68  %Non-agency commercial mortgage-backed securities:Average life within one year842 836 0.33.33 Average life after one year through five years1,289 1,236 2.23.18 Average life after five years through ten years1,866 1,634 6.52.77