Fifth Third to Incur $170-$200M Charge in Q3 on Loan Fraud Exposure

Key Takeaways Fifth Third will book a $170-$200M non-cash charge in Q3 linked to alleged borrower fraud.The loan in question had an outstanding balance of about $200M with law enforcement now involved.FITB's Q3 credit loss provision is forecasted to be $220-$250M, 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 ...