Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 150

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 150
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4)(5)— Interest rate lock commitmentsMortgage banking net revenue19 17 45 37 Commodity contracts:Commodity contracts for customers (contract revenue)Capital market fees3 3 13 11 Commodity contracts for customers (credit portion of fair value adjustment)Other noninterest expense— — — 1 Foreign exchange contracts:Foreign exchange contracts for customers (contract revenue)Capital market fees17 18 55 57 Foreign exchange contracts for customers (contract revenue)Other noninterest income4 (16)(29)(13)Offsetting Derivative Financial InstrumentsThe Bancorp’s derivative transactions are generally governed by ISDA Master Agreements and similar arrangements, which include provisions governing the setoff of assets and liabilities between the parties. When the Bancorp has more than one outstanding derivative transaction with a single counterparty, the setoff provisions contained within these agreements generally allow the non-defaulting party the right to reduce its liability to the defaulting party by amounts eligible for setoff, including the collateral received as well as eligible offsetting transactions with that counterparty, irrespective of the currency, place of payment or booking office. The Bancorp’s policy is to present its derivative assets and derivative liabilities on the Condensed Consolidated Balance Sheets on a gross basis, even when provisions allowing for setoff are in place. However, for derivative contracts cleared through certain central clearing parties who have modified their rules to treat variation margin payments as settlements, the fair value of the respective derivative contracts is reported net of the variation margin payments.Collateral amounts included in the tables below consist primarily of cash and highly rated government-backed securities and do not include variation margin payments for derivative contracts with legal rights of setoff for both periods shown.

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

The following table provides a summary of offsetting derivative financial instruments:Gross AmountRecognized in theCondensed ConsolidatedBalance Sheets(a)Gross Amounts Not Offset in theCondensed Consolidated Balance SheetsDerivativesCollateral(b)Net AmountAs of September 30, 2025Derivative assets$1,829 (1,004)(203)622 Derivative liabilities2,055 (1,004)(189)862 As of December 31, 2024Derivative assets$2,470 (1,378)(573)519 Derivative liabilities2,798 (1,378