Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 31

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 31
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2024Available-for-sale debt and other securities (amortized cost basis):U.S. Treasury and federal agencies securities$2,105 4,358 Mortgage-backed securities:Agency residential mortgage-backed securities8,102 6,460 Agency commercial mortgage-backed securities22,812 23,853 Non-agency commercial mortgage-backed securities3,163 4,505 Asset-backed securities and other debt securities2,567 3,924 Other securities(a)868 778 Total available-for-sale debt and other securities$39,617 43,878 Held-to-maturity securities (amortized cost basis):(b)U.S. Treasury and federal agencies securities$2,421 2,370 Mortgage-backed securities:Agency residential mortgage-backed securities5,133 4,898 Agency commercial mortgage-backed securities3,942 4,008 Asset-backed securities and other debt securities2 2 Total held-to-maturity securities$11,498 11,278 Trading debt securities (fair value):U.S. Treasury and federal agencies securities$576 626 Obligations of states and political subdivisions securities58 120 Agency residential mortgage-backed securities39 10 Asset-backed securities and other debt securities593 429 Total trading debt securities$1,266 1,185 Total equity securities (fair value)$287 341 

(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings that are carried at cost.

(b)Includes a discount of $774 and $865 at September 30, 2025 and December 31, 2024, respectively, pertaining to the remaining unamortized portion of unrealized losses on securities transferred to HTM.

In January 2024, the Bancorp transferred $12.6 billion (amortized cost basis) of investment securities from available-for-sale to held-to-maturity to reflect the Bancorp’s change in intent to hold these securities to maturity in order to reduce potential capital volatility associated 

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

with investment security market price fluctuations. The transfer included U.S. Treasury and federal agencies securities, agency residential mortgage-backed securities and agency commercial mortgage-backed securities. On the date of the transfer, pre-tax unrealized losses of $994 million were included in AOCI related to these transferred securities. The unrealized losses that existed on the date of