Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 65

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 65
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OREO and other repossessed property was $33 million and $30 million at June 30, 2025 and December 31, 2024, respectively. The Bancorp recognized an immaterial amount of losses and $1 million of gains on the transfer, sale or write-down of OREO properties for the three and six months ended June 30, 2025, respectively, compared to $1 million of losses for both the three and six months ended June 30, 2024.

For the three and six months ended June 30, 2025, approximately $18 million and $38 million, respectively, of interest income would have been recognized if the nonaccrual portfolio loans and leases had been current in accordance with their contractual terms, compared to $18 million and $35 million for the same periods in the prior year. Although these values help demonstrate the costs of carrying nonaccrual credits, the Bancorp does not expect to recover the full amount of interest as nonaccrual loans and leases are generally carried below their principal balance. 

TABLE 46:  Summary of Nonperforming Assets and Delinquent Loans and LeasesAs of ($ in millions)June 30,2025December 31,2024Nonaccrual portfolio loans and leases:Commercial and industrial loans$460 374 Commercial mortgage loans48 79 Commercial construction loans— 1 Commercial leases— 2 Residential mortgage loans143 137 Home equity75 70 Indirect secured consumer loans65 55 Credit card29 32 Solar energy installation loans26 64 Other consumer loans7 9 Total nonaccrual portfolio loans and leases(a)$853 823 OREO and other repossessed property(c)33 30 Total nonperforming portfolio assets$886 853 Nonaccrual loans held for sale27 7 Total nonperforming assets$913 860 Total portfolio loans and leases 90 days past due and still accruing:Commercial and industrial loans$5 5 Commercial mortgage loans3 — Commercial leases— 1 Residential mortgage loans(b)8 6 Credit card18 20 Total portfolio loans and leases 90 days past due and still accruing$34 32 Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO0.72 %0.71 Nonperforming portfolio loans and leases as a percent of