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Fifth Third Bancorp (the "Bancorp") recently discovered alleged external fraudulent activity at a commercial borrower of Fifth Third Bank, National Association associated with their asset-backed finance loan.
On September 5, 2025, the Bancorp concluded that a material charge for impairment would result from this alleged external fraudulent activity. The outstanding balance on this loan is approximately $200 million. Based on currently available information, the Bancorp currently estimates that the non-cash impairment charge associated with this asset-backed finance loan, which would be recognized in the third quarter of 2025, will be in the range of $170 million to $200 million.
The Bancorp is working with the appropriate law enforcement authorities in connection with this matter. The Bancorp has also engaged third party advisors to validate the extent of its potential fraud related losses which will be used in determining the actual impairment charge to be recognized during the third quarter of 2025.
Posted In: FITB
