Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 57

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 57
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823 Transfers to nonaccrual status273 20 89 382 Transfers to accrual status(3)(4)(44)(51)Transfers to held for sale(17)— — (17)Loan paydowns/payoffs(19)(8)(22)(49)Transfers to OREO— (1)(4)(5)Charge-offs(67)— (52)(119)Draws/other extensions of credit— 1 1 2 Balance, end of period$623 145 198 966 

41

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

TABLE 47:  Rollforward of Portfolio Nonaccrual Loans and LeasesFor the three months ended March 31, 2024 ($ in millions)CommercialResidential MortgageConsumerTotalBalance, beginning of period$326 124 199 649 Transfers to nonaccrual status108 20 91 219 Transfers to accrual status(1)(1)(21)(23)Transfers to held for sale(3)— — (3)Loan paydowns/payoffs(18)(6)(17)(41)Transfers to OREO— (1)(4)(5)Charge-offs(40)— (49)(89)Draws/other extensions of credit— 1 — 1 Balance, end of period$372 137 199 708 

Analysis of Net Loan Charge-offs

Net charge-offs were 46 bps and 38 bps of average portfolio loans and leases for the three months ended March 31, 2025 and 2024, respectively. Table 48 provides a summary of credit loss experience and net charge-offs as a percentage of average portfolio loans and leases outstanding by loan category.

The ratio of commercial loan and lease net charge-offs as a percent of average portfolio commercial loans and leases increased to 35 bps during the three months ended March 31, 2025, compared to 19 bps during the same period in the prior year primarily due to increases in net charge-offs on commercial and industrial loans of $17 million and commercial mortgage loans of $10 million for the three months ended March 31, 2025.

The ratio of consumer loan net charge-offs as a percent of average portfolio consumer loans decreased to 63 bps during the three months ended March 31, 2025, compared to 67