Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 189

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 189
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$996 853 Nonaccrual loans held for sale21 7 Total nonperforming assets$1,017 860 Total portfolio loans and leases 90 days past due and still accruing:Commercial and industrial loans$2 5 Commercial mortgage loans6 — Commercial leases— 1 Residential mortgage loans(b)8 6 Credit card17 20 Total portfolio loans and leases 90 days past due and still accruing$33 32 Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO0.81 %0.71 Nonperforming portfolio loans and leases as a percent of portfolio loans and leases0.79 0.69 ACL as a percent of nonperforming portfolio loans and leases261 302 ACL as a percent of nonperforming portfolio assets253 291 

(a)Includes $19 and $18 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of March 31, 2025 and December 31, 2024, 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 $167 as of March 31, 2025 and $163 as of December 31, 2024. The Bancorp recognized losses of an immaterial amount for both the three months ended March 31, 2025 and 2024 due to claim denials and curtailments associated with these insured or guaranteed loans.

(c)Includes $13 and $12 of branch-related real estate no longer intended to be used for banking purposes as of March 31, 2025 and December 31, 2024, respectively.

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

TABLE 46:  Rollforward of Portfolio Nonaccrual Loans and LeasesFor the three months ended March 31, 2025 ($ in millions)CommercialResidential MortgageConsumerTotalBalance, beginning of period$456 137 230 823 Transfers to nonaccrual status273 20 89 382 Transfers to accrual status(3)(4)(44)(51)Transfers to held for sale(17)— — (17)Loan paydowns/payoffs(19)(8)(22)(49)Transfers to