Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 531

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 531
---
idential mortgage loans(b)6 7 Credit card20 21 Total portfolio loans and leases 90 days past due and still accruing$32 36 Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO0.71 %0.59 Nonperforming portfolio loans and leases as a percent of portfolio loans and leases0.69 0.55 ACL as a percent of nonperforming portfolio loans and leases302 383 ACL as a percent of nonperforming portfolio assets291 362 

(a)Includes $18 and $19 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of December 31, 2024 and 2023, respectively.

(b)Information for all periods presented excludes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. These advances were $163 and $141 as of December 31, 2024 and 2023, respectively. The Bancorp recognized losses of $1 and $2  for the years ended December 31, 2024 and 2023, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans.

(c)Includes $12 and $20 of branch-related real estate no longer intended to be used for banking purposes as of December 31, 2024 and 2023, respectively.

87 Fifth Third Bancorp

Table of Contents MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following tables provide a rollforward of portfolio nonaccrual loans and leases, by portfolio segment:

TABLE 49:  Rollforward of Portfolio Nonaccrual Loans and LeasesFor the year ended December 31, 2024 ($ in millions)CommercialResidential MortgageConsumerTotal  Balance, beginning of period$326 124 199 649 Transfers to nonaccrual status591 68 342 1,001 Transfers to accrual status(2)(24)(51)(77)Transfers to held for sale(13)— — (13)Loan paydowns/payoffs(180)(29)(67)(276)Transfers to OREO— (6)(17)(23)Charge-offs(267)— (178)(445)Draws/other extensions of credit1 4 2 7 Balance, end