Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 209

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 209
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 343 4 Michigan129 342 3 Indiana111 260 3 Florida105 226 2 Kentucky77 190 2 All other states128 320 2 Total$972 2,429 22 

TABLE 39:  Home Equity Portfolio Loans Outstanding with an LTV Greater than 80% at OriginationAs of December 31, 2024 ($ in millions)OutstandingExposureNonaccrualBy State:Ohio$283 761 7 Illinois140 337 5 Michigan131 358 3 Indiana103 251 3 Florida96 214 2 Kentucky77 196 2 All other states126 310 3 Total$956 2,427 25 

Net charge-offs on home equity loans with an LTV greater than 80% at origination were immaterial for both the three and six months ended June 30, 2025 and 2024.

Indirect secured consumer portfolio

The indirect secured consumer portfolio is comprised of $14.6 billion of automobile loans and $3.0 billion of indirect recreational vehicle, marine, motorcycle and powersport loans as of June 30, 2025. All concentration and guideline changes are monitored monthly to ensure alignment with original credit performance and return projections.

The following table provides an analysis of indirect secured consumer portfolio loans outstanding disaggregated based upon FICO score at origination as of:

TABLE 40:  Indirect Secured Consumer Portfolio Loans Outstanding by FICO Score at OriginationJune 30, 2025December 31, 2024($ in millions)Outstanding% of TotalOutstanding% of TotalFICO ≤ 659$179 1  %$177 1  %FICO 660-7193,145 18 3,040 19 FICO ≥ 72014,267 81 13,096 80 Total$17,591 100  %$16,313 100  %

It is a common industry practice to advance on these types of loans an amount in excess of the collateral value due to the inclusion of negative equity trade-in, maintenance/warranty products, taxes, title and other fees paid at closing. The Bancorp monitors its exposure to these higher risk loans.

40

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

The following table provides an analysis of indirect secured consumer portfolio