Company: FITBI
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000035527-25-000079
Chunk: 357

Company: FIFTH THIRD BANCORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 357
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Equity securities600 13 — 613 Residential mortgage loans held for sale— 334 — 334 Residential mortgage loans(b)— — 116 116 Servicing rights— — 1,737 1,737 Derivative assets:Interest rate contracts— 977 6 983 Foreign exchange contracts— 643 — 643 Commodity contracts205 846 — 1,051 Derivative assets(c)205 2,466 6 2,677 Total assets$5,781 48,433 1,859 56,073 Liabilities:Derivative liabilities:Interest rate contracts$5 1,202 6 1,213 Foreign exchange contracts— 600 — 600 Equity contracts— — 168 168 Commodity contracts28 990 — 1,018 Derivative liabilities(d)33 2,792 174 2,999 Short positions:U.S. Treasury and federal agencies securities31 — — 31 Asset-backed securities and other debt securities— 76 — 76 Short positions(d)31 76 — 107 Total liabilities$64 2,868 174 3,106 (a)Excludes FHLB, FRB and DTCC restricted stock holdings totaling $224, $496 and $2, respectively, at December 31, 2023.(b)Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.(c)Included in other assets in the Consolidated Balance Sheets.(d)Included in other liabilities in the Consolidated Balance Sheets.The following is a description of the valuation methodologies used for significant instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy.  Available-for-sale debt and other securities, trading debt securities and equity securities Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include U.S. Treasury securities and equity securities. If quoted market prices are not available, then fair values are estimated using pricing models which primarily utilize quoted prices of securities with similar characteristics. Level 2 securities may include federal agencies securities, obligations of states and political subdivisions securities, agency residential mortgage-backed securities, agency and non-agency commercial mortgage-backed securities, asset-backed securities and other debt securities and equity securities. These securities are generally valued using a market approach based