Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 108

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 108
---
 of $15.0 billion and $15.1 billion as of June 30, 2025 and December 31, 2024, respectively, pledged to the FHLB, and loans of $59.6 billion and $55.3 billion as of June 30, 2025 and December 31, 2024, respectively, pledged to the FRB.

70

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

The following table presents a summary of net charge-offs:For the three months endedJune 30,For the six months endedJune 30,($ in millions)2025202420252024Commercial and industrial loans$69 80 121 115 Commercial mortgage loans3 — 14 — Commercial leases(1)— 1 — Residential mortgage loans(1)— (1)(1)Home equity— (1)1 — Indirect secured consumer loans16 17 38 42 Credit card15 17 32 36 Solar energy installation loans20 12 38 24 Other consumer loans18 19 32 38 Total net charge-offs$139 144 276 254 The following table presents the income recognized related to leases where the Bancorp is the lessor:($ in millions)Condensed Consolidated Statements of Income CaptionFor the three months endedJune 30,For the six months endedJune 30,2025202420252024Direct financing leasesInterest and fees on loans and leases$10 9 19 19 Sales-type leasesInterest and fees on loans and leases27 19 53 37 Operating leasesCommercial banking revenue20 26 41 54 

71

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

6.  Credit Quality and the Allowance for Loan and Lease Losses

The Bancorp disaggregates ALLL balances and transactions in the ALLL by portfolio segment. Credit quality related disclosures for loans and leases are further disaggregated by class. Refer to Note 1 and Note 6 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024 for additional information on the Bancorp’s accounting policies and estimation practices for the ALLL.Allowance for Loan and Lease Loss