Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 153

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 153
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 Fair Value on a Nonrecurring BasisCertain assets and liabilities are measured at fair value on a nonrecurring basis. These assets and liabilities are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment.The following tables provide the fair value hierarchy and carrying amount of all assets that were held as of March 31, 2025 and 2024, and for which a nonrecurring fair value adjustment was recorded during the three months ended March 31, 2025 and 2024, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period.

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

Fair Value Measurements UsingTotal (Losses) GainsAs of March 31, 2025 ($ in millions)Level 1Level 2Level 3TotalFor the three   months ended March 31, 2025Commercial loans and leases$— — 261 261 (126)Consumer and residential mortgage loans— — 145 145 (4)OREO— — 4 4 1 Private equity investments— 13 — 13 4 Total$— 13 410 423 (125)Fair Value Measurements UsingTotal (Losses) GainsAs of March 31, 2024 ($ in millions)Level 1Level 2Level 3TotalFor the three      months ended March 31, 2024Commercial loans held for sale$— — 25 25 — Commercial loans and leases— — 130 130 (60)Consumer and residential mortgage loans— — 197 197 (3)OREO— — 1 1 — Bank premises and equipment— — 1 1 — Private equity investments— — — — 9 Total$— — 354 354 (54)The following tables present information as of March 31, 2025 and 2024 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured on a nonrecurring basis:As of March 31, 2025 ($ in millions)Financial InstrumentFair ValueValuation TechniqueSignificant Un