Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 126

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 126
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 date, combined with a change in interest rate to a fixed rate (which may be an increase or decrease from the rate in the original loan). As part of these modifications, the Bancorp may capitalize delinquent amounts due at the time of the modification into the principal balance of the loan when determining its modified payment structure. For loans where the modification results in a new monthly payment amount, borrowers may be required to complete a trial period of three to four months before the loan is permanently modified. The Bancorp also offers payment delay modifications to qualified borrowers which allow either the delay of repayment for delinquent amounts due until maturity or capitalization of delinquent amounts due into the principal balance of the loan. The number of monthly payments delayed varies by borrower but is most commonly within a range of six to twelve months.

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

The following tables present the amortized cost basis as of June 30, 2025 and 2024 of the Bancorp’s residential mortgage portfolio loans that were modified for borrowers experiencing financial difficulty, by type of modification:June 30, 2025June 30, 2024For the three months ended ($ in millions)Total% of Total ClassTotal% of Total ClassPayment delay$— — $3 0.02 Term extension and payment delay22 0.12 24 0.14 Term extension, interest rate reduction and payment delay12 0.07 2 0.01 Total residential mortgage portfolio loans$34 0.19 $29 0.17 June 30, 2025June 30, 2024For the six months ended ($ in millions)Total% of Total ClassTotal% of Total ClassPayment delay$— — $5 0.03 Term extension and payment delay38 0.21 45 0.26 Term extension, interest rate reduction and payment delay13 0.07 3 0.02 Total residential mortgage portfolio loans$51 0.29 $53 0.31 The Bancorp had $3 million of in-process modifications to residential mortgage loans outstanding as of both June 30, 2025 and 2024 which are excluded from the completed modification activity in the table above. These in-process modifications will be reported as completed modifications once the borrower satisfies the applicable contingencies in the modification agreement and