Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 178

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 178
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curring basis:As of September 30, 2025 ($ in millions)Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges ofInputsWeighted-AverageCommercial loans and leases$171 Appraised valueCollateral valueNMNMConsumer and residential mortgage loans216 Appraised valueCollateral valueNMNMOREO4 Appraised valueAppraised valueNMNMBank premises and equipment1 Appraised valueAppraised valueNMNMPrivate equity investments— Comparable company analysisMarket comparable transactionsNMNMAs of September 30, 2024 ($ in millions)Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges ofInputsWeighted-AverageCommercial loans held for sale$47 Comparable company analysisMarket comparable transactionsNMNMCommercial loans and leases125 Appraised valueCollateral valueNMNMConsumer and residential mortgage loans208 Appraised valueCollateral valueNMNMOREO6 Appraised valueAppraised valueNMNMBank premises and equipment9 Appraised valueAppraised valueNMNMPrivate equity investments— Comparable company analysisMarket comparable transactionsNMNM       Commercial loans held for saleThe Bancorp estimated the fair value of certain commercial loans held for sale during the three and nine months ended September 30, 2024. These valuations were based on appraisals of the underlying collateral or by applying unobservable inputs such as an estimated market discount to the unpaid principal balance of the loans or the appraised value of the assets (Level 3 of the valuation hierarchy). Portfolio loans and leasesDuring the three and nine months ended September 30, 2025 and 2024, the Bancorp recorded nonrecurring adjustments to certain portfolio loans and leases. These valuations were based on appraisals of the underlying collateral or by applying unobservable inputs such as an estimated market discount to the unpaid principal balance of the loans or the appraised value of the assets (Level 3 of the valuation hierarchy).OREODuring the three and nine months ended September 30, 2025 and 2024, the Bancorp recorded nonrecurring adjustments to certain commercial and residential real estate properties and branch-related real estate no longer intended to be used for banking purposes classified as OREO and measured at the lower of carrying amount or fair value. These nonrecurring adjustments were primarily due to changes in real estate values of the properties recognized upon the transfer, or subsequent to the transfer, to OREO. For both the three and nine months ended September 30, 2025,