Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 57

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 57
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 MillionAs of December 31, 2024 ($ in millions)LTV > 100%LTV 80-100%LTV < 80%Commercial mortgage owner-occupied loans$53 1373,753Commercial mortgage nonowner-occupied loans— 2885,615Total$53 4259,368

The Bancorp views nonowner-occupied commercial real estate as a higher credit risk product compared to some other commercial loan portfolios due to the higher volatility of the industry.

The following tables provide an analysis of nonowner-occupied commercial real estate loans, disaggregated by property location (excluding loans held for sale):

TABLE 31:  Nonowner-Occupied Commercial Real Estate (excluding loans held for sale)(a)As of September 30, 2025 ($ in millions)OutstandingExposureNonaccrualBy State: Florida$1,462 2,393 —  Texas1,099 1,826 —  Ohio808 1,295 —  Michigan751 983 —  California736 1,175 —  Illinois705 921 1  North Carolina462 717 —  Georgia457 804 —  South Carolina330 386 —  New York307 353 2 All other states3,495 4,658 3 Total$10,612 15,511 6 

(a)Included in commercial mortgage loans and commercial construction loans in the Loans and Leases subsection of the Balance Sheet Analysis section of MD&A.

36

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

TABLE 32:  Nonowner-Occupied Commercial Real Estate (excluding loans held for sale)(a)As of December 31, 2024 ($ in millions)OutstandingExposureNonaccrualBy State: Florida$1,543 2,526 —  Texas905 1,714 2  Ohio835 1,231 1  Michigan775 926 —  California1,080 1,714 —  Illinois1,123 1,275 2  North Carolina572 782 —  Georgia429 842 —  South Carolina699 763 —  New York468 524 — All other states2,801 3,929 — Total$11,230 16