Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 217

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 217
---
(1)— Indirect secured consumer loans(16)(17)(38)(42)Credit card(15)(17)(32)(36)Solar energy installation loans(20)(12)(38)(24)Other consumer loans(18)(19)(32)(38)Total net losses charged-off$(139)(144)(276)(254)Net losses charged-off as a percent of average portfolio loans and leases:Commercial and industrial loans0.51 %0.61 0.45 0.44 Commercial mortgage loans0.11 0.01 0.23 0.01 Commercial leases(0.10)(0.01)0.09 (0.02)Total commercial loans and leases0.38 %0.45 0.37 0.32 Residential mortgage loans(0.01)(0.01)(0.01)(0.01)Home equity0.02 (0.05)0.03 (0.01)Indirect secured consumer loans0.37 0.46 0.45 0.55 Credit card3.74 3.98 3.96 4.09 Solar energy installation loans1.86 1.25 1.79 1.28 Other consumer loans2.49 2.61 2.50 2.66 Total consumer loans0.56 %0.57 0.59 0.62 Total net losses charged-off as a percent of average portfolio loans and leases0.45 %0.49 0.45 0.44 

(a)The Bancorp recorded $5 and $10 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements for the three and six months ended June 30, 2025, respectively, compared to $7 and $15 for the three and six months ended June 30, 2024, respectively. 

45

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

Allowance for Credit Losses

The allowance for credit losses is comprised of the ALLL and the reserve for unfunded commitments. The Bancorp maintains the ALLL to absorb the amount of credit losses that are expected to be incurred over the remaining contractual terms of the related loans and leases (as adjusted for prepayments). In addition to the