Company: FITBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000035527-25-000137
Chunk: 110

Company: FIFTH THIRD BANCORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 110
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2025 and 2024 represented 0.21% and 0.18%, respectively, of total portfolio loans and leases as of March 31, 2025 and 2024, respectively. These amounts excluded $19 million and $8 million for the three months ended March 31, 2025 and 2024, respectively, of consumer and residential mortgage loans which have been granted a concession under provisions of the Federal Bankruptcy Act and are monitored separately from loans modified under the Bancorp’s loan modification programs. As of March 31, 2025 and December 31, 2024, the Bancorp had commitments of $114 million and $88 million, 

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

respectively, to lend additional funds to borrowers experiencing financial difficulty whose terms have been modified during the twelve months ended March 31, 2025 and December 31, 2024, respectively.Commercial portfolio segment Commercial loan modifications are individually negotiated and may vary depending on the borrower’s financial situation, but the Bancorp most commonly utilizes term extensions for periods of three to twelve months. In less common situations, and when specifically warranted by the borrower’s situation, the Bancorp may also consider offering commercial borrowers interest rate reductions or payment delays, which may be combined with a term extension. The following tables present the amortized cost basis as of March 31, 2025 and 2024 of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification, for the three months ended:March 31, 2025 ($ in millions)Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total ClassCommercial and industrial loans$50 6 65 — 121 0.23 %Commercial mortgage owner-occupied loans5 24 — — 29 0.47 Commercial mortgage nonowner-occupied loans24 — — — 24 0.39 Commercial construction loans8 — 42 — 50 0.84 Total commercial portfolio loans$87 30 107 — 224 0.31 %March 31, 2024 ($ in millions)Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total ClassCommercial and industrial loans$99 — 53 1 153 0.29 %Commercial mortgage owner