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Fifth Third to Incur $170-$200M Charge in Q3 on Loan Fraud Exposure
五三银行五三银行(US:FITB) ZACKS·2025-09-11 02:51

Key Takeaways Fifth Third will book a 170170-200M non-cash charge in Q3 linked to alleged borrower fraud.The loan in question had an outstanding balance of about 200Mwithlawenforcementnowinvolved.FITBsQ3creditlossprovisionisforecastedtobe200M with law enforcement now involved.FITB's Q3 credit loss provision is forecasted to be 220-250M,mainlyfromtheimpairedcommercialloan.FifthThirdBancorp (FITB)disclosedthatitexpectstorecordanoncashimpairmentchargeof250M, mainly from the impaired commercial loan.Fifth Third Bancorp (FITB) disclosed that it expects to record a non-cash impairment charge of 170–$200 million in the third quarter of 2025, tied to alleged fraudulent activity involving subprime auto len ...