Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 290

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 290
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 to long-term debt$4,955 1 7 Total fair value hedges1 7 Cash flow hedges:Interest rate swaps related to C&I loans11,000 — 2 Interest rate swaps related to commercial mortgage and commercial construction loans4,000 — 28 Total cash flow hedges— 30 Total derivatives designated as qualifying hedging instruments1 37 Derivatives Not Designated as Qualifying Hedging Instruments:Free-standing derivatives – risk management and other business purposes:Interest rate contracts related to MSR portfolio3,720 10 — Forward contracts related to residential mortgage loans measured at fair value(a)1,050 1 8 Swap associated with the sale of Visa, Inc. Class B Shares2,753 — 145 Foreign exchange contracts125 — 1 Interest-only strips26 — — Interest rate contracts for LIBOR transition597 — — Other48 — 1 Total free-standing derivatives – risk management and other business purposes11 155 Free-standing derivatives – customer accommodation:Interest rate contracts(b)83,622 510 634 Interest rate lock commitments374 7 — Commodity contracts17,494 739 741 TBA securities39 — — Foreign exchange contracts31,550 729 699 Total free-standing derivatives – customer accommodation1,985 2,074 Total derivatives not designated as qualifying hedging instruments1,996 2,229 Total$1,997 2,266 (a)Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments in addition to certain portfolio residential mortgage loans measured at fair value.(b)Derivative assets and liabilities are presented net of variation margin of $155 and $36, respectively.

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

Fair ValueDecember 31, 2024 ($ in millions)NotionalAmountDerivativeAssetsDerivativeLiabilitiesDerivatives Designated as Qualifying Hedging Instruments:Fair value hedges:Interest rate swaps related to long-term debt$4,955 1 12 Total fair value hedges1 12 Cash flow hedges:Interest rate swaps related to C&I loans11,000 2 4 Interest rate swaps related to C&I loans -