Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 166

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7A
Chunk 166
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 and should be used with caution, as changes in fair value based on a variation in assumptions typically cannot be extrapolated because the relationship of the change in assumptions to the change in fair value may not be linear.Short positions Where quoted prices are available in an active market, short positions are classified within Level 1 of the valuation hierarchy. Level 1 securities include U.S. Treasury securities and equity securities. If quoted market prices are not available, then fair values are estimated using pricing models which primarily utilize quoted prices of securities with similar characteristics and therefore are classified within Level 2 of the valuation hierarchy. Level 2 securities include asset-backed and other debt securities.

189 Fifth Third Bancorp

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3)For the year ended December 31, 2024 ($ in millions)Residential Mortgage LoansServicingRightsInterest RateDerivatives, Net(a)EquityDerivativesTotal Fair ValueBalance, beginning of period$116 1,737 — (168)1,685 Total (losses) gains (realized/unrealized):(b)Included in earnings(1)(77)41 (138)(175)Purchases/originations— 49 (1)— 48 Sales— (5)— — (5)Settlements(11)— (43)136 82 Transfers into Level 3(c)4 — — — 4 Balance, end of period$108 1,704 (3)(170)1,639 The amount of total (losses) gains for the period   included in earnings attributable to the change in   unrealized gains or losses relating to instruments   still held at December 31, 2024$(1)14 6 (138)(119)(a)Net interest rate derivatives include derivative assets and liabilities of $2 and $5, respectively, as of December 31, 2024.(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at December 31, 2024.(c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.Fair