Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 319

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 319
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 instruments still held at June 30, 2024$(3)35 6 (40)(2)(a)Net interest rate derivatives include $6 for both derivative assets and liabilities as of June 30, 2024.(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at June 30, 2024.(c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows:For the three months endedJune 30,For the six months endedJune 30,($ in millions)2025202420252024Mortgage banking net revenue$(38)(20)(71)(5)Capital markets fees1 1 1 1 Other noninterest income(1)(23)(19)(40)Total losses$(38)(42)(89)(44)The total losses and gains included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at June 30, 2025 and 2024 were recorded in the Condensed Consolidated Statements of Income as follows:For the three months endedJune 30,For the six months endedJune 30,($ in millions)2025202420252024Mortgage banking net revenue$(19)10 (50)37 Capital markets fees1 1 1 1 Other noninterest income(1)(23)(19)(40)Total losses$(19)(12)(68)(2)

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

The following tables present information as of June 30, 2025 and 2024 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a recurring basis:As of June 30, 2025 ($ in millions)Financial InstrumentFair ValueValuationTechniqueSignificantUnobservable InputsRange of InputsWeighted-AverageResidential mortgage loans$107 Loss rate modelInterest rate risk factor(52.0)-6.1%(11.4)%(a)Credit risk factor— -0.8%0.1 %(a)Servicing rights1