Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 302

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 302
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 — Interest-only strips24 — — Interest rate contracts for LIBOR transition597 — — Other48 — — Total free-standing derivatives – risk management and other business purposes13 157 Free-standing derivatives – customer accommodation:Interest rate contracts(b)81,917 481 585 Interest rate lock commitments562 8 — Commodity contracts17,379 667 672 TBA securities28 — — Foreign exchange contracts29,158 667 628 Total free-standing derivatives – customer accommodation1,823 1,885 Total derivatives not designated as qualifying hedging instruments1,836 2,042 Total$1,837 2,055 (a)Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments in addition to certain portfolio residential mortgage loans measured at fair value.(b)Derivative assets and liabilities are presented net of variation margin of $132 and $33, respectively.

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

Fair ValueDecember 31, 2024 ($ in millions)NotionalAmountDerivativeAssetsDerivativeLiabilitiesDerivatives Designated as Qualifying Hedging Instruments:Fair value hedges:Interest rate swaps related to long-term debt$4,955 1 12 Total fair value hedges1 12 Cash flow hedges:Interest rate swaps related to C&I loans11,000 2 4 Interest rate swaps related to C&I loans - forward starting(a)1,000 1 — Interest rate swaps related to commercial mortgage and commercial construction loans -    forward starting(a)4,000 3 — Total cash flow hedges6 4 Total derivatives designated as qualifying hedging instruments7 16 Derivatives Not Designated as Qualifying Hedging Instruments:Free-standing derivatives – risk management and other business purposes:Interest rate contracts related to MSR portfolio3,135 4 4 Forward contracts related to residential mortgage loans measured at fair value(b)881 8 — Swap associated with the sale of Visa, Inc. Class B Shares2,465 — 170 Foreign exchange contracts104 2 — Interest-only strips30 — — Interest rate contracts for collateral management1,000 1 — Interest rate