Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 30

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 30
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,878 Held-to-maturity securities (amortized cost basis):(b)U.S. Treasury and federal agencies securities$2,404 2,370 Mortgage-backed securities:Agency residential mortgage-backed securities5,238 4,898 Agency commercial mortgage-backed securities3,986 4,008 Asset-backed securities and other debt securities2 2 Total held-to-maturity securities$11,630 11,278 Trading debt securities (fair value):U.S. Treasury and federal agencies securities$723 626 Obligations of states and political subdivisions securities35 120 Agency residential mortgage-backed securities26 10 Asset-backed securities and other debt securities540 429 Total trading debt securities$1,324 1,185 Total equity securities (fair value)$404 341 

(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings that are carried at cost.

(b)Includes a discount of $805 and $865 at June 30, 2025 and December 31, 2024, respectively, pertaining to the remaining unamortized portion of unrealized losses on securities transferred to HTM.

In January 2024, the Bancorp transferred $12.6 billion (amortized cost basis) of investment securities from available-for-sale to held-to-maturity to reflect the Bancorp’s change in intent to hold these securities to maturity in order to reduce potential capital volatility associated 

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

with investment security market price fluctuations. The transfer included U.S. Treasury and federal agencies securities, agency residential mortgage-backed securities and agency commercial mortgage-backed securities. On the date of the transfer, pre-tax unrealized losses of $994 million were included in AOCI related to these transferred securities. The unrealized losses that existed on the date of transfer will continue to be reported as a component of AOCI and will be amortized into income over the remaining life of the securities as an adjustment to yield, offsetting the amortization of the discount resulting from the transfer recorded at fair value.  

The following table presents the estimated future amortization of unrealized losses related to investment securities transferred from available-for-sale to held-to-maturity. At June 30, 2025, these transferred securities had an estimated weighted-average life of 6.7 years.

TABLE 16:  Estimated Amortization of Unrealized Losses