Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 277

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 277
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 delays as a percentage of the related loan balances10%12%Consumer loans:Home equityWeighted-average length of term extensions19.1 years24.9 yearsWeighted-average interest rate reductionFrom 8.5% to 6.9% From 8.9% to 7.2%Approximate amount of payment delays as a percentage of the related loan balances6%5%Credit cardWeighted-average interest rate reductionFrom 23.1% to 4.2%From 23.9% to 3.9%

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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

Credit quality of modified loansThe Bancorp closely monitors the performance of loans that are modified for borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following tables present the amortized cost basis as of June 30, 2025 and 2024 for the Bancorp’s portfolio loans that were modified during the twelve months ended June 30, 2025 and 2024, respectively, for borrowers experiencing financial difficulty, by age and portfolio class:June 30, 2025 ($ in millions)Past DueCurrent30-89 Days90 Days or MoreTotalCommercial loans:Commercial and industrial loans$321 3 62 386 Commercial mortgage owner-occupied loans100 — 23 123 Commercial mortgage nonowner-occupied loans51 — — 51 Commercial construction loans118 — — 118 Residential mortgage loans63 15 9 87 Consumer loans:Home equity13 1 1 15 Credit card(a)14 3 2 19 Solar energy installation loans2 — — 2 Other consumer loans3 — — 3 Total portfolio loans$685 22 97 804 (a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.               June 30, 2024 ($ in millions)Past DueCurrent30-89 Days90 Days or MoreTotalCommercial loans:Commercial and industrial loans$199 3 8 210 Commercial mortgage owner-occupied loans34 — — 34 Commercial mortgage nonowner-occupied loans50 — — 50 Commercial construction loans23 — — 23 Residential mortgage loans74