Company: FITBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000035527-25-000171
Chunk: 153

Company: FIFTH THIRD BANCORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 153
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 $11 million in excess of amounts reserved. This estimate was derived by modifying the key assumptions to reflect management’s judgment regarding reasonably possible adverse changes to those assumptions. The actual repurchase losses could vary significantly from the recorded mortgage representation and warranty reserve or this estimate of reasonably possible losses, depending on the outcome of various factors, including those previously discussed.During both the three months ended June 30, 2025 and 2024, the Bancorp paid an immaterial amount in the form of make-whole payments and repurchased $3 million and $4 million, respectively, in outstanding principal of loans to satisfy investor demands. During both the six months ended June 30, 2025 and 2024, the Bancorp paid an immaterial amount in the form of make-whole payments and repurchased $10 million and $15 million, respectively, in outstanding principal of loans to satisfy investor demands. Total repurchase demand requests during the three months ended June 30, 2025 and 2024 were $8 million and $12 million, respectively. Total repurchase demand requests during the six months ended June 30, 2025 and 2024 were $17 million and $28 million, respectively. Total outstanding repurchase demand inventory was $4 million and $7 million at June 30, 2025 and December 31, 2024, respectively.

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

Margin accountsFTS, an indirect wholly-owned subsidiary of the Bancorp, guarantees the collection of all margin account balances held by its brokerage clearing agent for the benefit of its customers. FTS is responsible for payment to its brokerage clearing agent for any loss, liability, damage, cost or expense incurred as a result of customers failing to comply with margin or margin maintenance calls on all margin accounts. The margin account balances held by the brokerage clearing agent were $14 million and $16 million at June 30, 2025 and December 31, 2024, respectively. In the event of customer default, FTS has rights to the underlying collateral provided. Given the existence of the underlying collateral provided and negligible historical credit losses, the Bancorp does not maintain a loss reserve related to the margin accounts.Long-term borrowing obligationsThe Bancorp had certain fully and unconditionally guaranteed long-term borrowing obligations issued by wholly-owned issuing trust entities of $62 million at both June 30, 2025 and December 31,