Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 174

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 174
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 June 30, 2024For the six months ended June 30, 2024Commercial loans held for sale$— — 4 4 — — Commercial loans and leases— — 67 67 (44)(104)Consumer and residential mortgage loans— — 196 196 — (3)OREO— — 5 5 (1)(1)Bank premises and equipment— — 3 3 — — Private equity investments— — — — — 9 Total$— — 275 275 (45)(99)The following tables present information as of June 30, 2025 and 2024 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured on a nonrecurring basis:As of June 30, 2025 ($ in millions)Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges ofInputsWeighted-AverageCommercial loans and leases$222 Appraised valueCollateral valueNMNMConsumer and residential mortgage loans194 Appraised valueCollateral valueNMNMOREO5 Appraised valueAppraised valueNMNMAs of June 30, 2024 ($ in millions)Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges ofInputsWeighted-AverageCommercial loans held for sale$4 Comparable company analysisMarket comparable transactionsNMNMCommercial loans and leases67 Appraised valueCollateral valueNMNMConsumer and residential mortgage loans196 Appraised valueCollateral valueNMNMOREO5 Appraised valueAppraised valueNMNMBank premises and equipment3 Appraised valueAppraised valueNMNMPrivate equity investments— Comparable company analysisMarket comparable transactionsNMNM       Commercial loans held for saleThe Bancorp estimated the fair value of certain commercial loans held for sale during the three and six months ended June 30, 2024. These valuations were based on appraisals of the underlying collateral or by applying unobservable inputs such as an estimated market discount to the unpaid principal balance of the loans or the appraised value of the assets (Level 3 of the valuation hierarchy). Portfolio loans and leasesDuring the three and six months ended June 30, 2025 and 2024, the Bancorp recorded nonrecurring adjustments to certain collateral-dependent portfolio loans and leases. When a loan is collateral-dependent, the fair value of the loan is generally