Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 247

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 247
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 equity13 1 1 15 Credit card(a)17 4 3 24 Solar energy installation loans1 — — 1 Other consumer loans4 — — 4 Total portfolio loans$469 47 76 592 (a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.

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

The Bancorp considers modifications to borrowers experiencing financial difficulty that subsequently become 90 days or more past due under the modified terms as subsequently defaulted. The following tables present the amortized cost basis as of March 31, 2025 and 2024 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the three months ended March 31, 2025 and 2024, respectively, and were within twelve months of the modification date:March 31, 2025 ($ in millions)Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotalCommercial loans:Commercial and industrial loans$— — 11 — 6 — 17 Commercial mortgage owner-occupied loans— — — — 24 — 24 Residential mortgage loans— — — — 7 2 9 Consumer loans:Home equity— 1 — — — — 1 Credit card— 3 — — — — 3 Total portfolio loans$— 4 11 — 37 2 54 March 31, 2024 ($ in millions)Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotalCommercial loans:Commercial and industrial loans$8 — — 1 — — 9 Commercial mortgage owner-occupied loans— — — — — — — Residential mortgage loans— — 1 — 8 — 9 Consumer loans:Home equity— — — — 1 — 1 Credit card— 4 — — — — 4 Total portfolio loans$8 4 1 1