Company: FITBI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0000035527-25-000212
Chunk: 60

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 60
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As of September 30, 2025 ($ in millions)Outstanding90 Days PastDue and AccruingNonaccrualBy State:Illinois$602 — 4 Ohio571 1 7 Florida529 1 3 North Carolina236 — — Indiana190 — 2 Michigan179 — 2 Kentucky142 — 1 All other states483 — 5 Total$2,932 2 24 

TABLE 35:  Residential Mortgage Portfolio Loans, LTV Greater Than 80% at Origination, No Mortgage InsuranceAs of December 31, 2024 ($ in millions)Outstanding90 Days PastDue and AccruingNonaccrualBy State:Illinois$518 — 5 Ohio518 1 7 Florida457 — 2 North Carolina202 — — Indiana165 — 2 Michigan167 — 2 Kentucky130 — 1 All other states385 — 5 Total$2,542 1 24 

Net charge-offs on residential mortgage loans with an LTV greater than 80% at origination and no mortgage insurance were immaterial for both the three and nine months ended September 30, 2025 and 2024.

Home equity portfolio

The Bancorp’s home equity portfolio of $4.7 billion is primarily comprised of home equity lines of credit. Beginning in the first quarter of 2013, the Bancorp’s newly originated home equity lines of credit have a 10-year interest-only draw period followed by a 20-year amortization period. The home equity line of credit previously offered by the Bancorp was a revolving facility with a 20-year term, minimum payments of interest-only and a balloon payment of principal at maturity. Approximately 14% of the outstanding balances of the Bancorp’s portfolio of home equity lines of credit have a balloon structure at maturity. Peak maturity years for the balloon home equity lines of credit are 2025 to 2028 and approximately $437 million of the balances mature before December 31, 2028.

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Table of ContentsManagement’s Discussion and Analysis of Financial Condition and Results of Operations (continued)

The home equity portfolio is managed in two primary groups: loans outstanding with a combined LTV greater than 80% and those loans with an LTV of 80% or less, based upon appraisals at origination. For additional