Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 48

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 48
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-only loans. The Bancorp has deemed residential mortgage loans with greater than 80% LTVs and no mortgage insurance as loans that represent a higher level of risk. Approximately two-thirds of these loans consist of loans originated through the Bancorp’s loan program for doctors.

35

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

The following table provides an analysis of the residential mortgage portfolio loans outstanding by LTV at origination as of:

TABLE 32:  Residential Mortgage Portfolio Loans by LTV at OriginationMarch 31, 2025December 31, 2024($ in millions)OutstandingWeighted-Average LTVOutstandingWeighted-Average LTVLTV ≤ 80%$11,780 63.7  %$11,836 63.5 %LTV > 80%, with mortgage insurance(a)3,205 95.4 3,165 95.5 LTV > 80%, no mortgage insurance2,596 91.0 2,542 90.9 Total$17,581 73.7  %$17,543 73.5 %

(a)Includes loans with either borrower or lender paid mortgage insurance.

The following tables provide an analysis of the residential mortgage portfolio loans outstanding by state with a greater than 80% LTV at origination and no mortgage insurance:

TABLE 33:  Residential Mortgage Portfolio Loans, LTV Greater Than 80% at Origination, No Mortgage InsuranceAs of March 31, 2025 ($ in millions)Outstanding90 Days PastDue and AccruingNonaccrualBy State:Illinois$529 — 5 Ohio522 1 7 Florida473 — 2 North Carolina207 — 1 Indiana170 — 2 Michigan167 — 2 Kentucky130 — 1 All other states398 — 5 Total$2,596 1 25 

TABLE 34:  Residential Mortgage Portfolio Loans, LTV Greater Than 80% at Origination, No Mortgage InsuranceAs of December 31, 2024 ($ in millions)Outstanding90 Days PastDue and AccruingNonaccrualBy State:Illinois$518 — 5 Ohio518 1 7 Florida457 — 2 North Carolina202 — — Indiana165 — 2 Michigan167