Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 87

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7A
Chunk 87
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1 15 Credit card(a)15 3 2 20 Solar energy installation loans1 — — 1 Other consumer loans3 — — 3 Total portfolio loans$462 41 49 552 (a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.         December 31, 2023 ($ in millions)Past DueCurrent30-89 Days90 Days or MoreTotalCommercial loans:Commercial and industrial loans$184 9 52 245 Commercial mortgage owner-occupied loans26 — 1 27 Commercial mortgage nonowner-occupied loans68 — — 68 Commercial construction loans113 — — 113 Residential mortgage loans86 15 12 113 Consumer loans:Home equity14 2 — 16 Credit card(a)19 5 3 27 Solar energy installation loans1 — — 1 Other consumer loans5 — — 5 Total portfolio loans$516 31 68 615 (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.

143 Fifth Third Bancorp

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The Bancorp considers modifications to borrowers experiencing financial difficulty that subsequently become 90 days or more past due under the modified terms as subsequently defaulted. The following tables present the amortized cost basis as of December 31, 2024 and 2023, respectively, of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the years ended December 31, 2024 and 2023, respectively, and were within twelve months of the modification date:December 31, 2024 ($ in millions)Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotalCommercial loans:Commercial and industrial loans$14 — 13 1 8 — 36 Commercial mortgage owner-occupied loans— — — — — — — Residential mortgage loans— — 3 — 29 6 38 Consumer loans:Home equity— 1 — — 1