Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 241

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 241
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audited)

Nonperforming AssetsNonperforming assets include nonaccrual loans and leases for which ultimate collectability of the full amount of the principal and/or interest is uncertain and certain other assets, including OREO and other repossessed property.The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of:March 31, 2025December 31, 2024 ($ in millions)With an ALLLNo RelatedALLLTotalWith an ALLLNo RelatedALLLTotalCommercial loans and leases:Commercial and industrial loans$439 98 537 265 109 374 Commercial mortgage owner-occupied loans59 3 62 52 23 75 Commercial mortgage nonowner-occupied loans4 4 8 — 4 4 Commercial construction loans— — — — 1 1 Commercial leases1 15 16 2 — 2 Total nonaccrual portfolio commercial loans and leases$503 120 623 319 137 456 Residential mortgage loans66 79 145 57 80 137 Consumer loans:Home equity20 49 69 21 49 70 Indirect secured consumer loans51 9 60 48 7 55 Credit card31 — 31 32 — 32 Solar energy installation loans30 — 30 64 — 64 Other consumer loans8 — 8 9 — 9 Total nonaccrual portfolio consumer loans$140 58 198 174 56 230 Total nonaccrual portfolio loans and leases(a)(b)$709 257 966 550 273 823 OREO and other repossessed property— 30 30 — 30 30 Total nonperforming portfolio assets(a)(b)$709 287 996 550 303 853 (a)Excludes $21 and $7 of nonaccrual loans held for sale as of March 31, 2025 and December 31, 2024, respectively.(b)Includes $19 and $18 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of March 31, 2025 and December 31, 2024, respectively.The Bancorp recognized an immaterial amount