Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 361

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 361
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 Value Measurements Using Significant Unobservable Inputs (Level 3)For the year ended December 31, 2023 ($ in millions)Residential Mortgage LoansServicingRightsInterest RateDerivatives, Net(a)EquityDerivativesTotal Fair ValueBalance, beginning of period$123 1,746 (1)(195)1,673 Total (losses) gains (realized/unrealized):(b)Included in earnings2 (105)53 (94)(144)Purchases/originations— 96 (3)— 93 Settlements(15)— (49)121 57 Transfers into Level 3(c)6 — — — 6 Balance, end of period$116 1,737 — (168)1,685 The amount of total (losses) gains for the period   included in earnings attributable to the change in   unrealized gains or losses relating to instruments   still held at December 31, 2023$2 (28)5 (94)(115)(a)Net interest rate derivatives include $6 for both derivative assets and liabilities as of December 31, 2023.(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at December 31, 2023.(c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.Fair Value Measurements Using Significant Unobservable Inputs (Level 3)For the year ended December 31, 2022 ($ in millions)Residential Mortgage LoansServicingRightsInterest RateDerivatives, Net(a)EquityDerivativesTotal Fair ValueBalance, beginning of period$154 1,121 4 (214)1,065 Total gains (losses) (realized/unrealized):(b)Included in earnings(18)177 22 (84)97 Purchases/originations— 448 1 — 449 Settlements(23)— (28)103 52 Transfers into Level 3(c)10 — — — 10 Balance, end of period$123 1,746 (1)(195)1,673 The amount of total gains (losses) for the period   included in earnings