diff --git a/arch/arm64/core/Kconfig b/arch/arm64/core/Kconfig
index 7cca2f7045f..367480015c4 100644
--- a/arch/arm64/core/Kconfig
+++ b/arch/arm64/core/Kconfig
@@ -154,6 +154,13 @@ config ARM64_ENABLE_FRAME_POINTER
 	  and OMIT_FRAME_POINTER. It is automatically enabled when the frame
 	  pointer unwinding is enabled.
 
+config ARM64_EXCEPTION_STACK_TRACE
+	bool
+	default y
+	depends on FRAME_POINTER
+	help
+	  Internal config to enable runtime stack traces on fatal exceptions.
+
 config ARM64_SAFE_EXCEPTION_STACK_SIZE
 	int "The stack size of the safe exception stack"
 	default 4096
diff --git a/arch/arm64/core/fatal.c b/arch/arm64/core/fatal.c
index 87e5a2441c6..0dbc13228de 100644
--- a/arch/arm64/core/fatal.c
+++ b/arch/arm64/core/fatal.c
@@ -195,7 +195,7 @@ static void esf_dump(const z_arch_esf_t *esf)
 	LOG_ERR("x18: 0x%016llx  lr:  0x%016llx", esf->x18, esf->lr);
 }
 
-#ifdef CONFIG_FRAME_POINTER
+#ifdef CONFIG_ARM64_EXCEPTION_STACK_TRACE
 static void esf_unwind(const z_arch_esf_t *esf)
 {
 	/*
@@ -363,9 +363,9 @@ void z_arm64_fatal_error(unsigned int reason, z_arch_esf_t *esf)
 		esf_dump(esf);
 	}
 
-#ifdef CONFIG_FRAME_POINTER
+#ifdef CONFIG_ARM64_EXCEPTION_STACK_TRACE
 	esf_unwind(esf);
-#endif /* CONFIG_FRAME_POINTER */
+#endif /* CONFIG_ARM64_EXCEPTION_STACK_TRACE */
 #endif /* CONFIG_EXCEPTION_DEBUG */
 
 	z_fatal_error(reason, esf);