Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 94

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 94
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idential mortgage loans445 574 Total loans and leases held for sale$473 640 Portfolio loans and leases:Commercial and industrial loans$53,700 52,271 Commercial mortgage loans12,357 12,246 Commercial construction loans5,952 5,588 Commercial leases3,128 3,188 Total commercial loans and leases$75,137 73,293 Residential mortgage loans$17,581 17,543 Home equity4,265 4,188 Indirect secured consumer loans16,804 16,313 Credit card1,660 1,734 Solar energy installation loans4,262 4,202 Other consumer loans2,482 2,518 Total consumer loans$47,054 46,498 Total portfolio loans and leases$122,191 119,791 Portfolio loans and leases are recorded net of unearned income, which totaled $383 million and $380 million as of March 31, 2025 and December 31, 2024, respectively. The amortized cost basis of loans and leases excludes accrued interest receivable of $568 million and $566 million at March 31, 2025 and December 31, 2024, respectively, which is presented as a component of other assets in the Condensed Consolidated Balance Sheets. Additionally, portfolio loans and leases are recorded net of unamortized premiums and discounts, deferred direct loan origination fees and costs associated with loans and valuation adjustments associated with loans measured at fair value. These items totaled a net discount of $279 million and $324 million as of March 31, 2025 and December 31, 2024, respectively, of which $898 million and $901 million of net discount was related to solar energy installation loans, respectively.The Bancorp’s FHLB and FRB borrowings are primarily secured by loans. The Bancorp had loans of $14.8 billion and $15.1 billion as of March 31, 2025 and December 31, 2024, respectively, pledged to the FHLB, and loans of $58.3 billion and $55.3 billion as of March 31, 2025 and December 31, 2024, respectively, pledged to the FRB.

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

The following table presents a summary of net charge