Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 203

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 203
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 recent LTV ratios for commercial mortgage loans greater than $1 million, excluding commercial mortgage loans that are individually evaluated for an ACL and loans which do not have real estate as the primary collateral. The Bancorp does not typically aggregate the LTV ratios for commercial mortgage loans less than $1 million.

TABLE 29:  Commercial Mortgage Loans Outstanding by LTV, Loans Greater Than $1 MillionAs of June 30, 2025 ($ in millions)LTV > 100%LTV 80-100%LTV < 80%Commercial mortgage owner-occupied loans$314 426 3,402 Commercial mortgage nonowner-occupied loans— 95 5,802 Total$314 521 9,204 TABLE 30:  Commercial Mortgage Loans Outstanding by LTV, Loans Greater Than $1 MillionAs of December 31, 2024 ($ in millions)LTV > 100%LTV 80-100%LTV < 80%Commercial mortgage owner-occupied loans$53 1373,753Commercial mortgage nonowner-occupied loans— 2885,615Total$53 4259,368

The Bancorp views nonowner-occupied commercial real estate as a higher credit risk product compared to some other commercial loan portfolios due to the higher volatility of the industry.

The following tables provide an analysis of nonowner-occupied commercial real estate loans, disaggregated by property location (excluding loans held for sale):

TABLE 31:  Nonowner-Occupied Commercial Real Estate (excluding loans held for sale)(a)As of June 30, 2025 ($ in millions)OutstandingExposure90 DaysPast DueNonaccrualBy State:Florida$1,587 2,556 — — Texas1,109 1,833 — — Illinois958 1,151 — 3 Ohio884 1,390 — — Michigan774 942 3 — South Carolina628 754 — — California570 1,008 — — North Carolina496 657 — — Georgia478 820 — — New York389 444 — 2 All other states3,261 4,554 — 3 Total$11,134 16,109 3 8 

(a)Included in commercial mortgage loans and commercial construction loans in the Loans and Leases subsection of the Balance Sheet Analysis section of MD&A.