Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 29

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 7
Chunk 29
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 respectively.

Debt securities are classified as available-for-sale when, in management’s judgment, they may be sold in response to, or in anticipation of, changes in market conditions. Debt securities that management has the intent and ability to hold to maturity are classified as held-to-maturity and reported at amortized cost. Debt securities are classified as trading typically when bought and held principally for the purpose of selling them in the near term. At June 30, 2025, the Bancorp’s investment securities portfolio consisted primarily of U.S. Treasury and other government guaranteed securities. The Bancorp held an immaterial amount of below-investment grade available-for-sale debt securities and held-to-maturity securities at both June 30, 2025 and December 31, 2024. 

At both June 30, 2025 and December 31, 2024, the Bancorp did not recognize an allowance for credit losses for its investment securities. The Bancorp also did not recognize provision for credit losses for investment securities during both the three and six months ended June 30, 2025 and 2024.

The Bancorp recognized an immaterial amount of impairment losses on its available-for-sale debt and other securities for both the three and six months ended June 30, 2025. The Bancorp recognized $5 million and $10 million of impairment losses on its available-for-sale debt and other securities during the three and six months ended June 30, 2024, respectively. These losses were included in securities gains, net, in the Condensed Consolidated Statements of Income and related to certain securities in unrealized loss positions where the Bancorp had determined that it no longer intended to hold the securities until the recovery of their amortized cost bases. 

The following table summarizes the end of period components of investment securities:

TABLE 15:  Components of Investment SecuritiesAs of ($ in millions)June 30,2025December 31,2024Available-for-sale debt and other securities (amortized cost basis):U.S. Treasury and federal agencies securities$3,505 4,358 Mortgage-backed securities:Agency residential mortgage-backed securities7,515 6,460 Agency commercial mortgage-backed securities23,383 23,853 Non-agency commercial mortgage-backed securities3,576 4,505 Asset-backed securities and other debt securities2,945 3,924 Other securities(a)807 778 Total available-for-sale debt and other securities$41,731 43