Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 157

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 157
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,185 2,387 8,683 2 11,072 Loans and leases held for sale28 — — 28 28 Portfolio loans and leases:Commercial loans and leases73,896 — — 74,303 74,303 Consumer and residential mortgage loans45,802 — — 43,288 43,288 Total portfolio loans and leases, net$119,698 — — 117,590 117,590 Financial liabilities:Deposits$165,505 — 165,617 — 165,617 Federal funds purchased227 227 — — 227 Other short-term borrowings5,457 — 5,463 — 5,463 Long-term debt14,574 8,667 6,161 — 14,828 Net CarryingAmountFair Value Measurements UsingTotalFair ValueAs of December 31, 2024 ($ in millions)Level 1Level 2Level 3Financial assets:Cash and due from banks$3,014 3,014 — — 3,014 Other short-term investments17,120 17,120 — — 17,120 Other securities778 — 778 — 778 Held-to-maturity securities11,278 2,344 8,619 2 10,965 Loans and leases held for sale66 — — 66 66 Portfolio loans and leases:Commercial loans and leases72,139 — — 72,319 72,319 Consumer and residential mortgage loans45,192 — — 42,155 42,155 Total portfolio loans and leases, net$117,331 — — 114,474 114,474 Financial liabilities:Deposits$167,252 — 167,353 — 167,353 Federal funds purchased204 204 — — 204 Other short-term borrowings4,450 — 4,459 — 4,459 Long-term debt14,440 3,753 10,835 — 14,588 

107

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

19.  Business Segments

The Bancorp has three reportable segments: Commercial Banking, Consumer and Small