Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 223

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 223
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 of Note 1 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.

Nonperforming assets were $805 million at September 30, 2025 compared to $860 million at December 31, 2024. At September 30, 2025, $4 million of nonaccrual loans were held for sale, compared to $7 million at December 31, 2024.

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

Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO were 0.65% and 0.71% at September 30, 2025 and December 31, 2024, respectively. Nonaccrual loans and leases secured by real estate were 33% of nonaccrual loans and leases as of September 30, 2025 compared to 35% as of December 31, 2024.

Portfolio commercial nonaccrual loans and leases were $435 million at September 30, 2025, a decrease of $21 million from December 31, 2024. Portfolio residential mortgage and consumer nonaccrual loans were $333 million at September 30, 2025, a decrease of $34 million from December 31, 2024. Refer to Table 47 for a rollforward of portfolio nonaccrual loans and leases.

OREO and other repossessed property was $33 million and $30 million at September 30, 2025 and December 31, 2024, respectively. The Bancorp recognized gains of $6 million and $7 million on the transfer, sale or write-down of OREO properties for the three and nine months ended September 30, 2025, respectively, compared to losses of an immaterial amount and $1 million for the three and nine months ended September 30, 2024, respectively.

For the three and nine months ended September 30, 2025, approximately $20 million and $58 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 $13 million and $48 million for the same periods in the prior year. Although these values help demonstrate the costs of carrying nonaccrual credits, the Banc