Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 245

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 245
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 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. The following tables present the amortized cost basis as of March 31, 2025 and 2024 of the Bancorp’s consumer portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification, during the three months ended:March 31, 2025 ($ in millions)Interest Rate ReductionPayment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal% of Total ClassHome equity$1 — 3 4 0.09 %Credit card6 — — 6 0.36 Solar energy installation loans— 1 — 1 0.02 Other consumer loans— 1 — 1 0.04 Total consumer portfolio loans$7 2 3 12 0.04 %March 31, 2024 ($ in millions)Interest Rate ReductionPayment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal% of Total ClassHome equity$1 — 2 3 0.08 %Credit card7 — — 7 0.40 Solar energy installation loans— — — — — Other consumer loans— 1 — 1 0.04 Total consumer portfolio loans$8 1 2 11 0.04 %Financial effects of loan modificationsThe following table presents the financial effects of the Bancorp’s significant types of portfolio loan modifications to borrowers experiencing financial difficulty, by portfolio class for the three months ended March 31:Financial Effects20252024Commercial loans:Commercial and industrial loansWeighted-average length of term extensions6 months5 monthsWeighted-average length of payment delay4 months3 monthsCommercial mortgage owner-occupied loansWeighted-average length of term extensions9 months3 monthsWeighted-average length of payment delay10 monthsN/ACommercial mortgage nonowner-occupied loansWeighted-average length of term extensions4 months6 monthsCommercial construction loansWeighted-average length of term extensions13 monthsN/AWeighted-average length of payment delay7 monthsN/AResidential mortgage loansWeighted-average length of term extensions10.1 years10.9 yearsApproximate amount of payment delays as a percentage of the related loan balances11%