Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 506

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 506
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2024 and 2023, respectively. 

TABLE 23:  Characteristics of Available-for-Sale Debt and Other SecuritiesAs of December 31, 2024 ($ in millions)Amortized CostFair ValueWeighted-AverageLife (in years)Weighted-AverageYieldU.S. Treasury and federal agencies securities:Average life within one year$1,682 1,683 0.7 4.52 %Average life after one year through five years2,676 2,677 1.4 4.53 Total$4,358 4,360 1.1 4.53 %Agency residential mortgage-backed securities:Average life within one year3 2 0.6 4.49 Average life after one year through five years1,368 1,257 3.8 2.84 Average life after five years through ten years4,346 3,866 6.5 3.57 Average life after ten years743 556 11.0 2.87 Total$6,460 5,681 6.4 3.33 %Agency commercial mortgage-backed securities:(a)Average life within one year706 699 0.5 3.44 Average life after one year through five years10,277 9,524 3.2 2.64 Average life after five years through ten years10,022 8,335 7.3 2.64 Average life after ten years2,848 2,274 11.9 2.75 Total$23,853 20,832 5.9 2.68 %Non-agency commercial mortgage-backed securities:Average life within one year1,292 1,282 0.4 3.27 Average life after one year through five years1,347 1,283 2.4 3.17 Average life after five years through ten years1,866 1,602 6.7 2.77 Total$4,505 4,167 3.6 3.03 %Asset-backed securities and other debt securities:Average life within one year643 635 0.5 3.07 Average life after one year through five years2,489 2,355 2.9 3.53 Average life after five years through ten years787 736