Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 113

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 113
---
 Effects20252024Commercial loans:Commercial and industrial loansWeighted-average length of term extensions6 months5 monthsWeighted-average length of payment delay4 months3 monthsCommercial mortgage owner-occupied loansWeighted-average length of term extensions9 months3 monthsWeighted-average length of payment delay10 monthsN/ACommercial mortgage nonowner-occupied loansWeighted-average length of term extensions4 months6 monthsCommercial construction loansWeighted-average length of term extensions13 monthsN/AWeighted-average length of payment delay7 monthsN/AResidential mortgage loansWeighted-average length of term extensions10.1 years10.9 yearsApproximate amount of payment delays as a percentage of the related loan balances11%12%Consumer loans:Home equityWeighted-average length of term extensions16.8 years27.1 yearsWeighted-average interest rate reductionFrom 8.3% to 6.9% From 9.1% to 7.3%Approximate amount of payment delays as a percentage of the related loan balances8%4%Credit cardWeighted-average interest rate reductionFrom 23.0% to 4.3%From 24.1% to 4.2%

79

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

Credit quality of modified loansThe Bancorp closely monitors the performance of loans that are modified for borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following tables present the amortized cost basis as of March 31, 2025 and 2024 for the Bancorp’s portfolio loans that were modified during the twelve months ended March 31, 2025 and 2024, respectively, for borrowers experiencing financial difficulty, by age and portfolio class:March 31, 2025 ($ in millions)Past DueCurrent30-89 Days90 Days or MoreTotalCommercial loans:Commercial and industrial loans$213 6 33 252 Commercial mortgage owner-occupied loans66 — 24 90 Commercial mortgage nonowner-occupied loans72 — — 72 Commercial construction loans107 1 — 108 Residential mortgage loans55 11 15 81 Consumer loans:Home equity13 1 1 15 Credit card(a)15 3 2 20 Solar energy installation loans1 — — 1 Other consumer loans3 — — 3 Total portfolio loans$545 22 75