Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 362

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 362
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 attributable to the change in   unrealized gains or losses relating to instruments   still held at December 31, 2022$(18)311 6 (84)215 (a)Net interest rate derivatives include derivative assets and liabilities of $7 and $8, respectively, as of December 31, 2022.(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at December 31, 2022.(c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.

190 Fifth Third Bancorp

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Consolidated Statements of Income for the years ended December 31, 2024, 2023 and 2022 as follows: ($ in millions)202420232022Mortgage banking net revenue$(38)(54)177 Capital markets fees2 4 4 Other noninterest income(139)(94)(84)Total (losses) gains$(175)(144)97 The total losses and gains included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at December 31, 2024, 2023 and 2022 were recorded in the Consolidated Statements of Income as follows:($ in millions)202420232022Mortgage banking net revenue$18 (25)295 Capital markets fees2 4 4 Other noninterest income(139)(94)(84)Total (losses) gains$(119)(115)215 The following tables present information as of December 31, 2024 and 2023 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a recurring basis: As of December 31, 2024 ($ in millions)Financial InstrumentFair ValueValuation TechniqueSignificant UnobservableInputsRange of InputsWeighted-AverageResidential mortgage loans$108 Loss rate modelInterest rate risk factor(51.9)-4.6%(13.3)%(a)Credit risk factor— -0.5%0.2 %(a)Servicing rights1,704 DCFPrepayment speed— -100.0