As has been the case for many firms, annual home lending was up at Fifth Third Bancorp even though business dropped from the previous quarter.
Mortgage originations during the three months ended Dec. 31, 2015, came to $1.8 billion.
The operational data, in addition to other financial metrics, were disclosed in the Cincinnati-based company’s fourth-quarter 2015 earnings report.
New business tumbled from $2.3 billion during the third quarter.
But home-loan production was slightly stronger than the $1.7 billion closed in the final quarter of 2014.
Full-year 2015 mortgages funded amounted to $8.4 billion,
an improvement over the $7.5 billion closed during all of 2014.
Fifth Third said it serviced $59 billion as of the end of last month for investors.
A year previous, the servicing portfolio stood at $65.413 billion.
Residential assets as of the end of last year totaled $22.760 billion, creeping up from $22.657 billion as of Sept. 30, 2015, and $22.468 billion as of Dec. 31, 2014.
The year-end 2015 total included $14.424 billion in residential loans and $8.336 billion in home-equity loans.
On just the residential loan portion of the portfolio, delinquency of at least 90 days was 0.29 percent, off from 0.30 percent the prior quarter and down from 0.44 percent as of the year-earlier quarter.
On the HEL portion of assets, delinquency was reported as not meaningful.
As of Dec. 31, 2015, there were
$10.205 billion in commercial real estate assets on the books, slightly more than the $10.185 billion owned as of the end of September. As of the end of 2014, the balance was $9.481 billion.
The most-recent CRE number reflected $6.991 billion in commercial mortgages and $3.214 billion in commercial construction loans.
The bank-holding company earned $949 million before taxes in the final three months of 2015, more than the $515 million in income three months earlier and $519 million earned a year earlier.
Last year finished with 18,261 people on the payroll, fewer than the 18,311 employees as of Sept. 30. At the end of 2014, headcount was 18,351.
Fifth Third Bank closed out 2015 with 1,254 banking centers, down from 1,295 three months prior.
