Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 274

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 274
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Notes to Condensed Consolidated Financial Statements (unaudited)

The following tables present the amortized cost basis as of June 30, 2025 and 2024 of the Bancorp’s residential mortgage portfolio loans that were modified for borrowers experiencing financial difficulty, by type of modification:June 30, 2025June 30, 2024For the three months ended ($ in millions)Total% of Total ClassTotal% of Total ClassPayment delay$— — $3 0.02 Term extension and payment delay22 0.12 24 0.14 Term extension, interest rate reduction and payment delay12 0.07 2 0.01 Total residential mortgage portfolio loans$34 0.19 $29 0.17 June 30, 2025June 30, 2024For the six months ended ($ in millions)Total% of Total ClassTotal% of Total ClassPayment delay$— — $5 0.03 Term extension and payment delay38 0.21 45 0.26 Term extension, interest rate reduction and payment delay13 0.07 3 0.02 Total residential mortgage portfolio loans$51 0.29 $53 0.31 The Bancorp had $3 million of in-process modifications to residential mortgage loans outstanding as of both June 30, 2025 and 2024 which are excluded from the completed modification activity in the table above. These in-process modifications will be reported as completed modifications once the borrower satisfies the applicable contingencies in the modification agreement and the loan is contractually modified to make the modified terms permanent.Consumer portfolio segmentThe Bancorp’s modification programs for consumer loans vary based on type of loan. The most common modification program for home equity is a term extension for up to 360 months combined with a delay in repayment of delinquent amounts due until maturity, which is typically combined with an interest rate reduction. Modification programs for credit card typically involve an interest rate reduction and an increase to the minimum monthly payment in order to repay a larger portion of outstanding balances. Modifications for indirect secured consumer loans, solar energy installation loans and other consumer loans are less commonly utilized as part of the Bancorp’s loss mitigation activities and programs vary by specific product type.

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Table of ContentsFifth Third Bancorp and SubsidiariesNotes to Condensed Consolidated Financial Statements (unaudited)

The following tables present the amortized cost basis as