Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 20

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 20
---
 from December 31, 2024 primarily due to increases in commercial and industrial loans and commercial construction loans. Commercial and industrial loans increased $1.4 billion, or 3%, from December 31, 2024 primarily as a result of loan originations exceeding payoffs as well as increased line utilization. Commercial construction loans increased $335 million, or 6%, from December 31, 2024 as draws on existing commitments and loan originations exceeded payoffs.

Consumer loans increased $427 million, or 1%, from December 31, 2024 primarily due to an increase in indirect secured consumer loans. Indirect secured consumer loans increased $491 million, or 3%, from December 31, 2024 primarily driven by higher loan production.

TABLE 13:  Components of Average Loans and Leases (including average loans and leases held for sale)For the three months ended ($ in millions)March 31, 2025March 31, 2024Commercial loans and leases:Commercial and industrial loans$53,430 53,256 Commercial mortgage loans12,388 11,339 Commercial construction loans5,813 5,732 Commercial leases3,110 2,543 Total commercial loans and leases$74,741 72,870 Consumer loans:Residential mortgage loans17,980 17,268 Home equity4,222 3,933 Indirect secured consumer loans16,476 15,172 Credit card1,627 1,773 Solar energy installation loans4,221 3,794 Other consumer loans2,497 2,889 Total consumer loans$47,023 44,829 Total average loans and leases$121,764 117,699 Total average portfolio loans and leases (excluding loans and leases held for sale)$121,272 117,334 

16

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

Average loans and leases, including average loans and leases held for sale, increased $4.1 billion, or 3%, for the three months ended March 31, 2025 compared to the same period in the prior year driven by increases in both average consumer loans and average commercial loans and leases.

Average commercial loans and leases increased $1.9 billion, or 3%, for the three months ended March 31, 2025 compared to the same period in the prior year primarily due to increases in average commercial mortgage loans