Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 273

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 273
---
 — — 4 0.07 Total commercial portfolio loans$122 18 4 144 0.20 For the six months ended June 30, 2025 ($ in millions)Term ExtensionTerm Extension and Payment DelayPayment DelayTotal% of Total ClassCommercial and industrial loans$116 4 163 283 0.53 Commercial mortgage owner-occupied loans53 23 1 77 1.31 Commercial mortgage nonowner-occupied loans2 — — 2 0.03 Commercial construction loans50 — 43 93 1.68 Total commercial portfolio loans$221 27 207 455 0.64 For the six months ended June 30, 2024 ($ in millions)Term ExtensionTerm Extension and Payment DelayPayment DelayTotal% of Total ClassCommercial and industrial loans$149 18 16 183 0.35 Commercial mortgage owner-occupied loans33 — 1 34 0.63 Commercial mortgage nonowner-occupied loans5 — — 5 0.08 Commercial construction loans4 — — 4 0.07 Total commercial portfolio loans$191 18 17 226 0.31 Residential mortgage portfolio segmentThe Bancorp has established residential mortgage loan modification programs which define the type of modifications available as well as the eligibility criteria for borrowers. The designs of the Bancorp’s modification programs for residential mortgage loans are similar to those utilized by the various GSEs. The Bancorp may offer a term extension for up to 480 months from the modification date, combined with a change in interest rate to a fixed rate (which may be an increase or decrease from the rate in the original loan). As part of these modifications, the Bancorp may capitalize delinquent amounts due at the time of the modification into the principal balance of the loan when determining its modified payment structure. For loans where the modification results in a new monthly payment amount, borrowers may be required to complete a trial period of three to four months before the loan is permanently modified. The Bancorp also offers payment delay modifications to qualified borrowers which allow either the delay of repayment for delinquent amounts due until maturity or capitalization of delinquent amounts due into the principal balance of the loan. The number of monthly payments delayed varies by borrower but is most commonly within a range of six to twelve months.

81

Table of ContentsFifth Third Bancorp and Subsidiaries