8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 19, 2006

FIFTH THIRD BANCORP

(Exact Name of Registrant as Specified in Its Charter)

OHIO

(State or Other Jurisdiction of Incorporation)

0-8076	31-0854434
(Commission File Number)	(IRS Employer Identification No.)

Fifth Third Center 38 Fountain Square Plaza, Cincinnati, Ohio	45263
(Address of Principal Executive Offices)	(Zip Code)

(513) 534-5300

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02        Results of Operations and Financial Condition

On October 19, 2006, Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the third quarter of 2006. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.2, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 7.01        Regulation FD Disclosure

On October 19, 2006, Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the third quarter of 2006. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.2, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1 – Press release dated October 19, 2006.

Exhibit 99.2 – Quarterly Financial Supplement.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FIFTH THIRD BANCORP
	(Registrant)
October 19, 2006	/s/  Christopher G. Marshall
	Christopher G. Marshall
	Executive Vice President and
	Chief Financial Officer

EX-99.1

Exhibit 99.1

		News Release
CONTACT:	Jeff Richardson (Analysts)	FOR IMMEDIATE RELEASE
	(513) 534-0983	October 19, 2006
	Jim Eglseder (Analysts)
	(513) 534-8424
	Debra DeCourcy, APR (Media)
	(513) 534-4153

FIFTH THIRD BANCORP REPORTS THIRD QUARTER 2006

EARNINGS OF $ 0.68 PER DILUTED SHARE

Fifth Third Bancorp’s third quarter 2006 earnings per diluted share were $0.68 compared to $0.69 in the second quarter of 2006 and $0.71 per diluted share for the same period in 2005. Third quarter net income totaled $377 million compared with $382 million last quarter and $395 million in the same quarter last year.

“Third quarter results reflect a net interest margin that has begun to stabilize given moderation of short-term interest rate increases and our disciplined efforts to improve our balance sheet positioning,” said George A. Schaefer, Jr., Chairman and CEO of Fifth Third Bancorp. “Additionally, noninterest income growth was within our expectations and expense control was solid, though we continue to invest in better distribution throughout our footprint. Credit costs remained relatively stable with previous quarters, though we recognize at this point in the credit cycle that some modest deterioration over time is to be expected. We remain focused on the long-term interests of our shareholders and believe we are making the right decisions to improve our franchise and position it for sustainable long-term growth. “

Net Interest Income

Net interest income on a taxable equivalent basis increased slightly from last quarter despite a two bps decline in the net interest margin. Earning assets remained relatively flat reflecting an $819 million reduction in the available-for-sale securities portfolio. Margin compression lessened during the quarter on the moderation in short-term rate increases, and was less than initially expected due to better demand deposit trends in the latter part of the quarter.

Net interest income decreased three percent compared with the third quarter 2005 on two percent growth in average earning assets, reflecting a 17 bps decline in the net interest margin. Margin compression resulted primarily from the prolonged and significant flattening of the yield curve, decreases in the net interest rate spread associated with increases in rates paid across deposit and other funding categories, and mix shift within the deposit base to higher cost deposit categories. Despite strong loan growth, earning asset growth trends relative to the same quarter last year have been muted by a $3.5 billion reduction in the average available-for-sale securities portfolio. Fifth Third is focused on maintaining recent strong loan growth trends and growing core deposit balances in order to improve the funding mix, more effectively fund future loan growth and improve net interest margin trends.

Noninterest Income

Noninterest income increased by one percent compared with last quarter and six percent over the same quarter last year. Strong performance in electronic payment processing and corporate banking revenues were mitigated by trends in deposit service charges and mortgage banking revenue.

Electronic payment processing (EPP) revenue increased three percent sequentially largely reflecting strong growth in the merchant business, mitigated by the effects of slower consumer spending on EFT revenue. EPP revenue increased 15 percent over the same quarter last year on strong increases in EFT revenue and slower growth in the merchant business. Growth in the merchant business is expected to increase as national merchant contract additions announced throughout 2006 begin to be fully realized. Fifth Third remains confident in the near and intermediate term growth outlook in this business and continues to see significant opportunities in attracting new financial institution customers and retailers.

Deposit service revenue was stable compared with last quarter and declined two percent compared with the same quarter last year. Retail deposit revenue increased by four percent sequentially while commercial deposit revenue declined by five percent sequentially. Sequential growth in commercial relationships was more than mitigated by the impact of higher interest rates on earnings credits for compensating balances in deposit accounts. Compared with the same quarter last year, solid retail deposit account growth was offset by lower average balances, and higher earnings credit rates on commercial deposit accounts more than offset new account additions and treasury management product sales.

Investment advisory revenue declined eight percent versus a seasonally strong second quarter that reflected annually assessed trust and tax related fees. Results were flat compared with the same quarter last year. Fifth Third continues to focus its efforts on improving execution in retail brokerage and retail mutual funds, and on growing the institutional money management business by improving penetration and cross-sell in our large middle market commercial customer base.

Corporate banking revenue totaled $79 million in the third quarter, a decline of four percent sequentially, primarily reflecting lower fees associated with letters of credit. Revenue increased 11 percent over the $71 million earned in the same quarter last year, highlighted by increases in institutional fees and other commercial fees.

Mortgage banking net revenue totaled $36 million, reflecting $21 million in total origination fees and loan sales and $15 million in net servicing revenue, compared with $41 million last quarter and $45 million a year ago. Mortgage originations were $2.3 billion in the third quarter versus $2.6 billion last quarter and $2.9 billion in the third quarter of 2005. Net servicing revenue included $30 million of gross servicing fees, less $18 million in amortization, plus $3 million in net MSR valuation adjustment. The net MSR valuation adjustment included mark-to-market adjustments, settlement of free-standing derivative financial instruments, and corresponding valuation adjustments, resulting from interest rate volatility and the resulting impact of changing prepayment speeds on the mortgage servicing portfolio. The mortgage servicing asset, net of the valuation reserve, was $498 million at quarter end on a servicing portfolio of $27.8 billion, compared with $483 million last quarter on a servicing portfolio of $27.1 billion.

Other noninterest income totaled $87 million in the third quarter, compared with $76 million last quarter and $82 million in the same quarter last year. The increases reflect net gains totaling $10.5 million from the sale of three Indiana branches announced in May 2006 and the sale of $23 million of out-of-footprint credit card receivables, both

2

completed in September. Strength in cardholder and loan fees otherwise offset the effect of runoff in the consumer lease portfolio.

Net securities gains totaled $19 million in the third quarter, compared with $14 million last quarter and $8 million in the same quarter last year. Third quarter 2006 net securities gains included a $53 million gain from sale of MasterCard, Inc. shares. Results also included $34 million of losses on investment securities.

Noninterest Expense

Total noninterest expense increased by $8 million or one percent from second quarter 2006 levels and by five percent over the same quarter last year. Comparisons reflect an $11 million charge in the third quarter associated with the early extinguishment of debt in the form of a $300 million structured repurchase agreement. Sequential comparisons also reflect an additional $8 million of pension settlement expenses, similar to the level experienced in the third quarter of last year. Second quarter expenses included $9 million of expense related to the April 2006 issuance of stock-based awards to retirement-eligible employees. Excluding the above-mentioned items, noninterest expense was flat sequentially and increased three percent compared with last year. The remaining increase versus the year ago quarter primarily reflected higher volume-related bankcard expenditures and occupancy expenditures related to the addition of de-novo banking centers. Fifth Third’s efficiency ratio was 55.5 percent in the third quarter compared to 55.3 percent last quarter and 53.5 percent in the third quarter of 2005.

Balance Sheet Trends

Average core deposits were relatively stable with second quarter levels, declining one percent on lower interest checking, demand and money market deposits, largely offset by growth in retail CDs and savings deposits. Compared with the third quarter last year, average core deposits rose five percent on growth in savings, retail CDs and money market accounts. Fifth Third continues to devote significant focus on attracting new deposit accounts and retaining existing accounts in order to fund loan growth.

Average loan and lease balances grew one percent sequentially, or five percent annualized. Average loans and leases increased by $5.4 billion, or eight percent, over third quarter last year. Commercial loans grew ten percent compared with the year ago and consumer loans grew five percent. Excluding run-off in the consumer lease portfolio totaling $524 million, loans and leases grew nine percent versus last year.

Credit Quality

Net charge-offs as a percentage of average loans and leases were 43 bps in the third quarter, compared with 37 bps last quarter and 38 bps in the third quarter of 2005. Net charge-offs were $79 million in the third quarter, compared with $64 million in the same quarter last year and $67 million in the second quarter of 2006. Gross charge-offs were $96 million, or 53 bps of loans and leases, consistent with levels in the prior two quarters. Recoveries were $17 million in the third quarter, down $12 million from high second quarter recovery levels. Nonperforming assets were 56 bps of total loans and leases and other real estate owned at quarter end, up 7 bps sequentially, with the net increase largely driven by two credits totaling $32 million. Nonperforming assets were 49 bps last quarter and 51 bps in the third quarter a year ago. Overall, the level of nonperforming loans and net charge-offs continues to represent a relatively small percentage of the total loan and lease portfolio. The provision for loan and lease losses totaled $87 million in the third quarter compared

3

with $71 million last quarter and $69 million in the same quarter last year. The allowance for loan and lease losses represents 1.04 percent of total loans and leases outstanding as of quarter end, compared with 1.04 percent last quarter and 1.06 percent in the same quarter last year.

Conference Call

Fifth Third will host a conference call to discuss these third quarter financial results at 8:30 a.m. (Eastern Time) today. Investors, analysts and other interested parties may dial into the conference call at 877-309-0967 for domestic access and 706-679-3977 for international access (password: Fifth Third). A replay of the conference call will be available for approximately seven days by dialing 800-642-1687 for domestic access and 706-645-9291 for international access (passcode: 7132813#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $105.8 billion in assets, operates 19 affiliates with 1,145 full-service Banking Centers, including 115 Bank Mart^® locations open seven days a week inside select grocery stores and 2,114 Jeanie^® ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania and Missouri. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2006, has $215 billion in assets under care, of which it manages $32 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded through the NASDAQ^® National Global Select Market System under the symbol “FITB.”

This report may contain forward-looking statements about the Registrant and/or the company as combined with acquired entities within the meaning of Sections 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, that involve inherent risks and uncertainties. This report may contain certain forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Registrant and/or the combined company including statements preceded by, followed by or that include the words or phrases such as “believes,” “expects,” “anticipates,” “plans,” “trend,” “objective,” “continue,” “remain” or similar expressions or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” “may” or similar expressions. There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) competitive pressures among depository institutions increase significantly; (2) changes in the interest rate environment reduce interest margins; (3) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (4) general economic conditions, either national or in the states in which the Registrant, one or more acquired entities and/or the combined company do business, are less favorable than expected; (5) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (6) changes and trends in the securities markets; (7) legislative or regulatory changes or actions, or significant litigation, adversely affect the Registrant, one or more acquired entities and/or the combined company or the businesses in which the Registrant, one or more acquired entities and/or the combined company are engaged; (8) difficulties in combining the operations of acquired entities and (9) the impact of reputational risk created by the developments discussed above on such matters as business generation and retention, funding and liquidity. Additional information concerning factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements is available in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2005, filed with the United States Securities and Exchange Commission (SEC). Copies of this filing are available at no cost on the SEC’s Web site at www.sec.gov or on the Registrant’s Web site at www.53.com. The Registrant undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this report.

#  #  #

4

Quarterly Financial Review for September 30, 2006

Table of Contents

Financial Highlights	6-7
Consolidated Statements of Income	8
Consolidated Statements of Income (Taxable Equivalent)	9
Consolidated Balance Sheets	10-11
Consolidated Statements of Changes in Shareholders’ Equity	12
Average Balance Sheet and Yield Analysis	13-15
Summary of Loans and Leases	16
Regulatory Capital	17
Asset Quality	18

5

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended			% Change				Year to Date		% Change
	September 2006	June 2006	September 2005	Yr/Yr		Seq		September 2006	September 2005	Yr/Yr
Income Statement Data
Net interest income (a)	$719	$716	$745	(3%	)	-		$2,154	$2,262	(5%	)
Noninterest income	662	655	622	6%		1%		1,934	1,864	4%
Total revenue (a)	1,381	1,371	1,367	1%		1%		4,088	4,126	(1%	)
Provision for loan and lease losses	87	71	69	26%		22%		236	197	20%
Noninterest expense	767	759	732	5%		1%		2,257	2,164	4%
Net income	377	382	395	(5%	)	(1%	)	1,123	1,217	(8%	)
Common Share Data
Earnings per share, basic	$0.68	$0.69	$0.71	(4%	)	(1%	)	$2.02	$2.19	(8%	)
Earnings per share, diluted	0.68	0.69	0.71	(4%	)	(1%	)	2.01	2.18	(8%	)
Cash dividends per common share	0.40	0.40	0.38	5%		-		1.18	1.08	9%
Book value per share	17.96	17.13	16.93	6%		5%		17.96	16.93	6%
Dividend payout ratio	58.8%	58.0%	53.5%	10%		1%		58.7%	49.5%	19%
Market price per share:
High	$40.18	$41.02	$43.99	(9%	)	(2%	)	$41.43	$48.12	(14%	)
Low	35.95	35.86	36.38	(1%	)	-		35.86	36.38	(1%	)
End of period	38.08	36.95	36.75	4%		3%		38.08	36.75	4%
Common shares outstanding (in thousands)	558,066	557,894	554,400	1%		-		558,066	554,400	1%
Average common shares outstanding (in thousands):
Basic	555,565	554,978	553,855	-		-		554,985	554,687	-
Diluted	557,949	557,489	557,681	-		-		557,440	559,158	-
Market capitalization	$21,251	$20,614	$20,374	4%		3%		$21,251	$20,374	4%
Price/earnings ratio (b)	14.53	13.94	14.76	(2%	)	4%		14.53	14.76	(2%	)
Financial Ratios
Return on average assets	1.41%	1.45%	1.51%	(7%	)	(3%	)	1.42%	1.59%	(11%	)
Return on average equity	15.1%	16.0%	16.6%	(9%	)	(6%	)	15.5%	17.6%	(12%	)
Noninterest income as a percent of total revenue	48%	48%	46%	4%		-		47%	45%	4%
Average equity as a percent of average assets	9.33%	9.09%	9.11%	2%		3%		9.19%	9.04%	2%
Tangible equity	7.40%	6.92%	6.84%	8%		7%		7.40%	6.84%	8%
Net interest margin (a)	2.99%	3.01%	3.16%	(5%	)	(1%	)	3.03%	3.27%	(7%	)
Efficiency (a)	55.5%	55.3%	53.5%	4%		-		55.2%	52.4%	5%
Effective tax rate	27.6%	28.5%	29.2%	(5%	)	(3%	)	28.9%	30.1%	(4%	)
Credit Quality
Net losses charged off	$79	$67	$64	23%		18%		$219	$183	20%
Net losses charged off as a percent of average loans and leases	0.43%	0.37%	0.38%	13%		16%		0.41%	0.37%	11%
Allowance for loan and lease losses as a percent of loans and leases	1.04%	1.04%	1.06%	(2%	)	-		1.04%	1.06%	(2%	)
Allowance for credit losses as a percent of loans and leases	1.14%	1.14%	1.16%	(2%	)	-		1.14%	1.16%	(2%	)
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned	0.56%	0.49%	0.51%	10%		14%		0.56%	0.51%	10%
Average Balances
Loans and leases, including held for sale	$73,938	$73,093	$68,556	8%		1%		$72,896	$66,812	9%
Total securities and other short-term investments	21,582	22,439	24,915	(13%	)	(4%	)	22,309	25,578	(13%	)
Total assets	105,868	105,741	103,699	2%		-		105,452	102,501	3%
Transaction deposits	48,543	49,282	47,568	2%		(1%	)	48,923	47,591	3%
Core deposits	59,337	59,731	56,298	5%		(1%	)	59,257	55,862	6%
Wholesale funding	33,040	32,903	34,615	(5%	)	-		33,022	34,089	(3%	)
Shareholders’ equity	9,878	9,607	9,451	5%		3%		9,696	9,262	5%
Regulatory Capital Ratios (c)
Tier I capital	8.59%	8.52%	8.42%	2%		1%		8.59%	8.42%	2%
Total risk-based capital	10.55%	10.45%	10.54%	-		1%		10.55%	10.54%	-
Tier I leverage	8.54%	8.38%	7.93%	8%		2%		8.54%	7.93%	8%
Operations
Banking centers	1,145	1,138	1,106	4%		1%		1,145	1,106	4%
ATMs	2,114	2,034	1,996	6%		4%		2,114	1,996	6%
Full-time equivalent employees	21,301	21,230	21,674	(2%	)	-		21,301	21,674	(2%	)

(a) Presented on a fully taxable equivalent basis

(b) Based on the most recent twelve-month diluted earnings per share and end of period stock prices

(c) Current period regulatory capital ratios are estimates

6

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended
	September 2006	June 2006	March 2006	December 2005	September 2005
Income Statement Data
Net interest income (a)	$719	$716	$718	$735	$745
Noninterest income	662	655	617	636	622
Total revenue (a)	1,381	1,371	1,335	1,371	1,367
Provision for loan and lease losses	87	71	78	134	69
Noninterest expense	767	759	731	763	732
Net income	377	382	363	332	395
Common Share Data
Earnings per share, basic	$0.68	$0.69	$0.66	$0.60	$0.71
Earnings per share, diluted	0.68	0.69	0.65	0.60	0.71
Cash dividends per common share	0.40	0.40	0.38	0.38	0.38
Book value per share	17.96	17.13	17.01	17.00	16.93
Dividend payout ratio	58.8%	58.0%	58.5%	63.3%	53.5%
Market price per share:
High	$40.18	$41.02	$41.43	$42.50	$43.99
Low	35.95	35.86	36.30	35.04	36.38
End of period	38.08	36.95	39.36	37.72	36.75
Common shares outstanding (in thousands)	558,066	557,894	556,501	555,623	554,400
Average common shares outstanding (in thousands):
Basic	555,565	554,978	554,398	553,591	553,855
Diluted	557,949	557,489	556,869	556,322	557,681
Market capitalization	$21,251	$20,614	$21,904	$20,958	$20,374
Price/earnings ratio (b)	14.53	13.94	14.52	13.57	14.76
Financial Ratios
Return on average assets	1.41%	1.45%	1.41%	1.27%	1.51%
Return on average equity	15.1%	16.0%	15.3%	13.9%	16.6%
Noninterest income as a percent of total revenue	48%	48%	46%	46%	46%
Average equity as a percent of average assets	9.33%	9.09%	9.17%	9.12%	9.11%
Tangible equity	7.40%	6.92%	6.90%	6.87%	6.84%
Net interest margin (a)	2.99%	3.01%	3.08%	3.11%	3.16%
Efficiency (a)	55.5%	55.3%	54.7%	55.6%	53.5%
Effective tax rate	27.6%	28.5%	30.7%	28.9%	29.2%
Credit Quality
Net losses charged off	$79	$67	$73	$117	$64
Net losses charged off as a percent of average loans and leases	0.43%	0.37%	0.42%	0.67%	0.38%
Allowance for loan and lease losses as a percent of loans and leases	1.04%	1.04%	1.05%	1.06%	1.06%
Allowance for credit losses as a percent of loans and leases	1.14%	1.14%	1.14%	1.16%	1.16%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned	0.56%	0.49%	0.51%	0.52%	0.51%
Average Balances
Loans and leases, including held for sale	$73,938	$73,093	$71,634	$70,489	$68,556
Total securities and other short-term investments	21,582	22,439	22,917	23,274	24,915
Total assets	105,868	105,741	104,736	103,988	103,699
Transaction deposits	48,543	49,282	48,951	48,937	47,568
Core deposits	59,337	59,731	58,700	58,080	56,298
Wholesale funding	33,040	32,903	33,123	33,192	34,615
Shareholders’ equity	9,878	9,607	9,601	9,480	9,451
Regulatory Capital Ratios (c)
Tier I capital	8.59%	8.52%	8.51%	8.35%	8.42%
Total risk-based capital	10.55%	10.45%	10.49%	10.42%	10.54%
Tier I leverage	8.54%	8.38%	8.24%	8.08%	7.93%
Operations
Banking centers	1,145	1,138	1,132	1,119	1,106
ATMs	2,114	2,034	2,025	2,024	1,996
Full-time equivalent employees	21,301	21,230	21,497	21,681	21,674

(a) Presented on a fully taxable equivalent basis

(b) Based on the most recent twelve-month diluted earnings per share and end of period stock prices

(c) Current period regulatory capital ratios are estimates

7

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income

$ in millions

(unaudited)

	For the Three Months Ended			% Change				Year to Date		% Change
	September 2006	June 2006	September 2005	Yr/Yr		Seq		September 2006	September 2005	Yr/Yr
Interest Income
Interest and fees on loans and leases	$1,294	$1,227	$1,017	27%		5%		$3,668	$2,821	30%
Interest on securities:
Taxable	231	239	255	(9%	)	(4%	)	712	789	(10%	)
Exempt from income taxes	7	8	10	(26%	)	(4%	)	23	30	(25%	)
Total interest on securities	238	247	265	(10%	)	(4%	)	735	819	(10%	)
Interest on other short-term investments	2	3	1	125%		(10%	)	7	3	102%
Total interest income	1,534	1,477	1,283	20%		4%		4,410	3,643	21%
Interest Expense
Interest on deposits:
Interest checking	102	102	86	19%		1%		303	220	38%
Savings	95	87	48	100%		9%		259	109	137%
Money market	69	64	37	88%		7%		188	90	109%
Other time	116	105	68	71%		11%		308	182	70%
Certificates - $100,000 and over	81	61	34	137%		32%		191	89	115%
Foreign office	47	52	34	38%		(10%	)	143	89	60%
Total interest on deposits	510	471	307	66%		8%		1,392	779	79%
Interest on federal funds purchased	61	48	35	73%		27%		160	89	79%
Interest on short-term bank notes	-	-	-	NM		NM		-	6	(100%	)
Interest on other short-term borrowings	45	52	41	9%		(13%	)	142	102	39%
Interest on long-term debt	205	196	163	26%		4%		582	429	35%
Total interest expense	821	767	546	50%		7%		2,276	1,405	62%
Net Interest Income	713	710	737	(3%	)	1%		2,134	2,238	(5%	)
Provision for loan and lease losses	87	71	69	26%		22%		236	197	20%
Net interest income after provision for loan and lease losses	626	639	668	(6%	)	(2%	)	1,898	2,041	(7%	)
Noninterest Income
Electronic payment processing revenue	218	211	190	15%		3%		626	544	15%
Service charges on deposits	134	135	137	(2%	)	-		395	390	1%
Mortgage banking net revenue	36	41	45	(19%	)	(12%	)	125	132	(6%	)
Investment advisory revenue	89	96	89	(1%	)	(8%	)	276	271	2%
Corporate banking revenue	79	82	71	11%		(4%	)	236	207	14%
Other noninterest income	87	76	82	6%		15%		242	282	(14%	)
Securities gains (losses), net	19	14	8	128%		30%		34	38	(10%	)
Total noninterest income	662	655	622	6%		1%		1,934	1,864	4%
Noninterest Expense
Salaries, wages and incentives	288	303	285	1%		(5%	)	875	846	3%
Employee benefits	74	69	70	6%		7%		230	218	6%
Equipment expense	34	29	26	30%		17%		90	76	18%
Net occupancy expense	63	59	54	16%		6%		180	162	11%
Other noninterest expense	308	299	297	4%		3%		882	862	2%
Total noninterest expense	767	759	732	5%		1%		2,257	2,164	4%
Income before income taxes and cumulative effect	521	535	558	(7%	)	(3%	)	1,575	1,741	(10%	)
Applicable income taxes	144	153	163	(12%	)	(6%	)	456	524	(13%	)
Income before cumulative effect	377	382	395	(5%	)	(1%	)	1,119	1,217	(8%	)
Cumulative effect of change in accounting principle, net of tax (b)	-	-	-	NM		NM		4	-	NM
Net income	$377	$382	$395	(5%	)	(1%	)	$1,123	$1,217	(8%	)
Net income available to common shareholders (a)	$377	$382	$395	(5%	)	(1%	)	$1,122	$1,217	(8%	)

(a) Dividends on preferred stock are $.185 million for all quarters presented

(b) Reflects a benefit of $3.5 million (net of $1.7 million of tax) for the adoption of SFAS No. 123(R) as of January 1, 2006 due to the recognition of an estimate of forfeiture experience to be realized for all stock-based awards

8

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	September 2006	June 2006	March 2006	December 2005	September 2005
Interest Income
Interest and fees on loans and leases	$1,294	$1,227	$1,146	$1,098	$1,017
Interest on securities:
Taxable	231	239	242	243	255
Exempt from income taxes	7	8	8	9	10
Total interest on securities	238	247	250	252	265
Interest on other short-term investments	2	3	2	2	1
Total interest income	1,534	1,477	1,398	1,352	1,283
Taxable equivalent adjustment	6	6	7	7	8
Total interest income (taxable equivalent)	1,540	1,483	1,405	1,359	1,291
Interest Expense
Interest on deposits:
Interest checking	102	102	99	94	86
Savings	95	87	76	67	48
Money market	69	64	55	50	37
Other time	116	105	89	81	68
Certificates - $100,000 and over	81	61	48	40	34
Foreign office	47	52	44	37	34
Total interest on deposits	510	471	411	369	307
Interest on federal funds purchased	61	48	51	49	35
Interest on short-term bank notes	-	-	-	-	-
Interest on other short-term borrowings	45	52	44	36	41
Interest on long-term debt	205	196	181	170	163
Total interest expense	821	767	687	624	546
Net interest income (taxable equivalent)	719	716	718	735	745
Provision for loan and lease losses	87	71	78	134	69
Net interest income (taxable equivalent) after provision for loan and lease losses	632	645	640	601	676
Noninterest Income
Electronic payment processing revenue	218	211	196	204	190
Service charges on deposits	134	135	126	133	137
Mortgage banking net revenue	36	41	47	42	45
Investment advisory revenue	89	96	91	87	89
Corporate banking revenue	79	82	76	92	71
Other noninterest income	87	76	80	77	82
Securities gains (losses), net	19	14	1	1	8
Total noninterest income	662	655	617	636	622
Noninterest Expense
Salaries, wages and incentives	288	303	284	287	285
Employee benefits	74	69	87	65	70
Equipment expense	34	29	27	29	26
Net occupancy expense	63	59	58	59	54
Other noninterest expense	308	299	275	323	297
Total noninterest expense	767	759	731	763	732
Income before income taxes and cumulative effect (taxable equivalent)	527	541	526	474	566
Taxable equivalent adjustment	6	6	7	7	8
Income before income taxes and cumulative effect	521	535	519	467	558
Applicable income taxes	144	153	160	135	163
Income before cumulative effect	377	382	359	332	395
Cumulative effect of change in accounting principle, net of tax (b)	-	-	4	-	-
Net income	$377	$382	$363	$332	$395
Net income available to common shareholders (a)	$377	$382	$363	$332	$395

(a) Dividends on preferred stock are $.185 million for all quarters presented

(b) Reflects a benefit of $3.5 million (net of $1.7 million of tax) for the adoption of SFAS No. 123(R) as of January 1, 2006 due to the recognition of an estimate of forfeiture experience to be realized for all stock-based awards

9

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of						% Change
	September 2006		June 2006		September 2005		Yr/Yr		Annual Seq
Assets
Cash and due from banks	$2,399		$2,670		$3,372		(29%	)	(40%	)
Available-for-sale and other securities (a)	19,514		20,345		22,537		(13%	)	(16%	)
Held-to-maturity securities (b)	359		358		332		8%		2%
Trading securities	164		173		105		56%		(20%	)
Other short-term investments	125		207		113		10%		(158%	)
Loans held for sale	872		931		1,237		(29%	)	(25%	)
Portfolio loans and leases:
Commercial loans	21,150		20,618		18,591		14%		10%
Construction loans	6,597		6,698		6,529		1%		(6%	)
Commercial mortgage loans	9,879		9,792		9,138		8%		4%
Commercial lease financing	4,895		4,899		4,731		3%		-
Residential mortgage loans	8,093		7,875		7,353		10%		11%
Consumer loans	22,834		22,556		21,786		5%		5%
Consumer lease financing	1,287		1,420		1,910		(33%	)	(37%	)
Unearned income	(1,255	)	(1,281	)	(1,284	)	(2%	)	(8%	)
Portfolio loans and leases	73,480		72,577		68,754		7%		5%
Allowance for loan and lease losses	(761	)	(753	)	(727	)	5%		4%
Portfolio loans and leases, net	72,719		71,824		68,027		7%		5%
Bank premises and equipment	1,902		1,853		1,643		16%		11%
Operating lease equipment	142		150		159		(11%	)	(20%	)
Goodwill	2,193		2,194		2,176		1%		-
Intangible assets	175		185		220		(20%	)	(22%	)
Servicing rights	504		489		417		21%		12%
Other assets	4,760		4,732		4,270		11%		2%
Total assets	$105,828		$106,111		$104,608		1%		(1%	)
Liabilities
Deposits:
Demand	$13,883		$14,078		$14,294		(3%	)	(5%	)
Interest checking	15,855		16,788		18,169		(13%	)	(22%	)
Savings	12,392		12,061		10,437		19%		11%
Money market	6,462		6,505		5,855		10%		(3%	)
Other time	10,818		10,627		8,867		22%		7%
Certificates - $100,000 and over	6,871		5,691		4,195		64%		82%
Foreign office	2,362		4,773		3,678		(36%	)	(200%	)
Total deposits	68,643		70,523		65,495		5%		(11%	)
Federal funds purchased	5,434		2,493		3,548		53%		468%
Short-term bank notes	-		-		-		NM		NM
Other short-term borrowings	3,833		5,275		6,075		(37%	)	(108%	)
Accrued taxes, interest and expenses	2,156		1,995		2,136		1%		32%
Other liabilities	1,570		1,767		1,447		9%		(44%	)
Long-term debt	14,170		14,502		16,522		(14%	)	(9%	)
Total liabilities	95,806		96,555		95,223		1%		(3%	)
Total shareholders’ equity (c)	10,022		9,556		9,385		7%		19%
Total liabilities and shareholders’ equity	$105,828		$106,111		$104,608		1%		(1%	)
(a) Amortized cost	$20,103		$21,376		$22,993		(13%	)	(24%	)
(b) Market values	359		358		332		8%		2%
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized	1,300,000		1,300,000		1,300,000		-		-
Outstanding, excluding treasury	558,066		557,894		554,400		1%		-
Treasury	25,361		25,533		29,027		(13%	)	(3%	)

10

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	September 2006		June 2006		March 2006		December 2005		September 2005
Assets
Cash and due from banks	$2,399		$2,670		$2,494		$3,078		$3,372
Available-for-sale and other securities (a)	19,514		20,345		21,276		21,924		22,537
Held-to-maturity securities (b)	359		358		365		389		332
Trading securities	164		173		156		117		105
Other short-term investments	125		207		159		158		113
Loans held for sale	872		931		744		1,304		1,237
Portfolio loans and leases:
Commercial loans	21,150		20,618		19,878		19,174		18,591
Construction loans	6,597		6,698		6,600		7,037		6,529
Commercial mortgage loans	9,879		9,792		9,861		9,188		9,138
Commercial lease financing	4,895		4,899		4,911		4,852		4,731
Residential mortgage loans	8,093		7,875		7,708		7,152		7,353
Consumer loans	22,834		22,556		22,210		22,084		21,786
Consumer lease financing	1,287		1,420		1,577		1,751		1,910
Unearned income	(1,255	)	(1,281	)	(1,323	)	(1,313	)	(1,284	)
Portfolio loans and leases	73,480		72,577		71,422		69,925		68,754
Allowance for loan and lease losses	(761	)	(753	)	(749	)	(744	)	(727	)
Portfolio loans and leases, net	72,719		71,824		70,673		69,181		68,027
Bank premises and equipment	1,902		1,853		1,798		1,726		1,643
Operating lease equipment	142		150		137		143		159
Goodwill	2,193		2,194		2,194		2,169		2,176
Intangible assets	175		185		189		208		220
Servicing rights	504		489		468		441		417
Other assets	4,760		4,732		4,391		4,387		4,270
Total assets	$105,828		$106,111		$105,044		$105,225		$104,608
Liabilities
Deposits:
Demand	$13,883		$14,078		$14,134		$14,609		$14,294
Interest checking	15,855		16,788		17,511		18,282		18,169
Savings	12,392		12,061		11,902		11,276		10,437
Money market	6,462		6,505		6,399		6,129		5,855
Other time	10,818		10,627		10,105		9,313		8,867
Certificates - $100,000 and over	6,871		5,691		5,085		4,343		4,195
Foreign office	2,362		4,773		3,874		3,482		3,678
Total deposits	68,643		70,523		69,010		67,434		65,495
Federal funds purchased	5,434		2,493		3,715		5,323		3,548
Short-term bank notes	-		-		-		-		-
Other short-term borrowings	3,833		5,275		4,472		4,246		6,075
Accrued taxes, interest and expenses	2,156		1,995		2,169		2,142		2,136
Other liabilities	1,570		1,767		1,463		1,407		1,447
Long-term debt	14,170		14,502		14,746		15,227		16,522
Total liabilities	95,806		96,555		95,575		95,779		95,223
Total shareholders’ equity (c)	10,022		9,556		9,469		9,446		9,385
Total liabilities and shareholders’ equity	$105,828		$106,111		$105,044		$105,225		$104,608
(a) Amortized cost	$20,103		$21,376		$22,127		$22,533		$22,993
(b) Market values	359		358		365		389		332
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized	1,300,000		1,300,000		1,300,000		1,300,000		1,300,000
Outstanding, excluding treasury	558,066		557,894		556,501		555,623		554,400
Treasury	25,361		25,533		26,926		27,804		29,027

11

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Shareholders’ Equity

$ in millions

(unaudited)

	For the Three Months Ended				Year to Date
	September 2006		September 2005		September 2006		September 2005
Total shareholders’ equity, beginning	$9,556		$9,353		$9,446		$8,924
Net income	377		395		1,123		1,217
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities	288		(189	)	13		(224	)
Qualifying cash flow hedges	3		7		8		16
Change in additional pension liability	-		-		-		60
Comprehensive income	668		213		1,144		1,069
Cash dividends declared:
Common stock	(223	)	(210	)	(658	)	(599	)
Preferred stock (a)	-		-		(1	)	(1	)
Stock-based awards exercised, including treasury shares issued	6		15		30		55
Stock-based compensation expense	17		16		55		53
Loans repaid (issued) related to exercise of stock-based awards, net	2		3		7		8
Change in corporate tax benefit related to stock-based compensation	(1	)	-		(1	)	15
Shares acquired for treasury	-		(3	)	(1	)	(1,648	)
Shares issued in business combination	-		-		-		1,509
Other	(3	)	(2	)	1		-
Total shareholders’ equity, ending	$10,022		$9,385		$10,022		$9,385

(a) Dividends on preferred stock are $.185 million for all quarters presented

12

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended						% Change
	September 2006		June 2006		September 2005		Yr/Yr		Annual Seq
Assets
Interest-earning assets:
Loans and leases	$73,938		$73,093		$68,556		8%		5%
Taxable securities	20,836		21,642		24,013		(13%	)	(15%	)
Tax exempt securities	587		616		787		(25%	)	(18%	)
Other short-term investments	159		181		115		38%		(47%	)
Total interest-earning assets	95,520		95,532		93,471		2%		-
Cash and due from banks	2,355		2,564		2,742		(14%	)	(32%	)
Other assets	8,745		8,393		8,207		7%		17%
Allowance for loan and lease losses	(752	)	(748	)	(721	)	4%		2%
Total assets	$105,868		$105,741		$103,699		2%		-
Liabilities
Interest-bearing liabilities:
Interest checking	$16,251		$17,025		$18,498		(12%	)	(18%	)
Savings	12,279		12,064		9,939		24%		7%
Money market	6,371		6,429		5,154		24%		(4%	)
Other time	10,794		10,449		8,730		24%		13%
Certificates - $100,000 and over	6,415		5,316		4,156		54%		82%
Foreign office	3,668		4,382		3,925		(7%	)	(65%	)
Federal funds purchased	4,546		3,886		4,001		14%		67%
Short-term bank notes	-		-		-		NM		NM
Other short-term borrowings	4,056		4,854		5,619		(28%	)	(65%	)
Long-term debt	14,355		14,465		16,914		(15%	)	(3%	)
Total interest-bearing liabilities	78,735		78,870		76,936		2%		(1%	)
Demand deposits	13,642		13,764		13,977		(2%	)	(4%	)
Other liabilities	3,613		3,500		3,335		8%		13%
Total liabilities	95,990		96,134		94,248		2%		(1%	)
Shareholders’ equity	9,878		9,607		9,451		5%		11%
Total liabilities and shareholders’ equity	$105,868		$105,741		$103,699		2%		-
Average common shares outstanding (in thousands):
Basic	555,565		554,978		553,855		-		-
Diluted	557,949		557,489		557,681		-		-
Yield Analysis
Interest-earning assets:
Loans and leases	6.96%		6.75%		5.90%
Taxable securities	4.39%		4.43%		4.22%
Tax exempt securities	7.29%		7.33%		7.42%
Other short-term investments	5.69%		5.60%		3.49%
Total interest-earning assets	6.40%		6.23%		5.48%
Interest-bearing liabilities:
Interest checking	2.49%		2.39%		1.84%
Savings	3.08%		2.90%		1.90%
Money market	4.30%		4.01%		2.82%
Other time	4.24%		4.00%		3.14%
Certificates - $100,000 and over	5.03%		4.64%		3.28%
Foreign office	5.05%		4.77%		3.41%
Federal funds purchased	5.33%		4.97%		3.50%
Short-term bank notes	-		-		-
Other short-term borrowings	4.42%		4.31%		2.92%
Long-term debt	5.66%		5.45%		3.80%
Total interest-bearing liabilities	4.14%		3.90%		2.82%
Ratios:
Net interest margin (taxable equivalent)	2.99%		3.01%		3.16%
Net interest rate spread (taxable equivalent)	2.26%		2.33%		2.66%
Interest-bearing liabilities to interest-earning assets	82.43%		82.56%		82.31%

13

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	Year to Date				% Change
	September 2006		September 2005		Yr/Yr
Assets
Interest-earning assets:
Loans and leases	$72,896		$66,812		9%
Taxable securities	21,527		24,569		(12%	)
Tax exempt securities	616		819		(25%	)
Other short-term investments	166		190		(13%	)
Total interest-earning assets	95,205		92,390		3%
Cash and due from banks	2,528		2,728		(7%	)
Other assets	8,467		8,101		5%
Allowance for loan and lease losses	(748	)	(718	)	4%
Total assets	$105,452		$102,501		3%
Liabilities
Interest-bearing liabilities:
Interest checking	$16,955		$19,240		(12%	)
Savings	11,979		9,660		24%
Money market	6,296		4,900		29%
Other time	10,334		8,271		25%
Certificates - $100,000 and over	5,473		3,883		41%
Foreign office	4,032		4,056		(1%	)
Federal funds purchased	4,328		4,040		7%
Short-term bank notes	-		332		(100%	)
Other short-term borrowings	4,540		5,250		(14%	)
Long-term debt	14,649		16,528		(11%	)
Total interest-bearing liabilities	78,586		76,160		3%
Demand deposits	13,693		13,791		(1%	)
Other liabilities	3,477		3,288		6%
Total liabilities	95,756		93,239		3%
Shareholders’ equity	9,696		9,262		5%
Total liabilities and shareholders’ equity	$105,452		$102,501		3%
Average common shares outstanding (in thousands):
Basic	554,985		554,687		-
Diluted	557,440		559,158		-
Yield Analysis
Interest-earning assets:
Loans and leases	6.74%		5.66%
Taxable securities	4.42%		4.30%
Tax exempt securities	7.41%		7.35%
Other short-term investments	5.44%		2.35%
Total interest-earning assets	6.22%		5.31%
Interest-bearing liabilities:
Interest checking	2.39%		1.53%
Savings	2.89%		1.51%
Money market	3.99%		2.46%
Other time	4.00%		2.94%
Certificates - $100,000 and over	4.66%		3.05%
Foreign office	4.73%		2.94%
Federal funds purchased	4.93%		2.96%
Short-term bank notes	-		2.60%
Other short-term borrowings	4.18%		2.60%
Long-term debt	5.31%		3.47%
Total interest-bearing liabilities	3.87%		2.47%
Ratios:
Net interest margin (taxable equivalent)	3.03%		3.27%
Net interest rate spread (taxable equivalent)	2.35%		2.84%
Interest-bearing liabilities to interest-earning assets	82.54%		82.43%

14

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	September 2006		June 2006		March 2006		December 2005		September 2005
Assets
Interest-earning assets:
Loans and leases	$73,938		$73,093		$71,634		$70,489		$68,556
Taxable securities	20,836		21,642		22,116		22,376		24,013
Tax exempt securities	587		616		644		698		787
Other short-term investments	159		181		157		200		115
Total interest-earning assets	95,520		95,532		94,551		93,763		93,471
Cash and due from banks	2,355		2,564		2,668		2,847		2,742
Other assets	8,745		8,393		8,261		8,105		8,207
Allowance for loan and lease losses	(752	)	(748	)	(744	)	(727	)	(721	)
Total assets	$105,868		$105,741		$104,736		$103,988		$103,699
Liabilities
Interest-bearing liabilities:
Interest checking	$16,251		$17,025		$17,603		$17,828		$18,498
Savings	12,279		12,064		11,588		11,036		9,939
Money market	6,371		6,429		6,086		5,974		5,154
Other time	10,794		10,449		9,749		9,143		8,730
Certificates - $100,000 and over	6,415		5,316		4,670		4,354		4,156
Foreign office	3,668		4,382		4,050		3,703		3,925
Federal funds purchased	4,546		3,886		4,553		4,771		4,001
Short-term bank notes	-		-		-		-		-
Other short-term borrowings	4,056		4,854		4,718		4,408		5,619
Long-term debt	14,355		14,465		15,132		15,956		16,914
Total interest-bearing liabilities	78,735		78,870		78,149		77,173		76,936
Demand deposits	13,642		13,764		13,674		14,099		13,977
Other liabilities	3,613		3,500		3,312		3,236		3,335
Total liabilities	95,990		96,134		95,135		94,508		94,248
Shareholders’ equity	9,878		9,607		9,601		9,480		9,451
Total liabilities and shareholders’ equity	$105,868		$105,741		$104,736		$103,988		$103,699
Average common shares outstanding (in thousands):
Basic	555,565		554,978		554,398		553,591		553,855
Diluted	557,949		557,489		556,869		556,322		557,681
Yield Analysis
Interest-earning assets:
Loans and leases	6.96%		6.75%		6.51%		6.20%		5.90%
Taxable securities	4.39%		4.43%		4.44%		4.31%		4.22%
Tax exempt securities	7.29%		7.33%		7.59%		7.51%		7.42%
Other short-term investments	5.69%		5.60%		4.98%		4.41%		3.49%
Total interest-earning assets	6.40%		6.23%		6.03%		5.75%		5.48%
Interest-bearing liabilities:
Interest checking	2.49%		2.39%		2.28%		2.10%		1.84%
Savings	3.08%		2.90%		2.67%		2.41%		1.90%
Money market	4.30%		4.01%		3.64%		3.32%		2.82%
Other time	4.24%		4.00%		3.74%		3.50%		3.14%
Certificates - $100,000 and over	5.03%		4.64%		4.15%		3.66%		3.28%
Foreign office	5.05%		4.77%		4.39%		3.92%		3.41%
Federal funds purchased	5.33%		4.97%		4.50%		4.04%		3.50%
Short-term bank notes	-		-		-		-		-
Other short-term borrowings	4.42%		4.31%		3.82%		3.27%		2.92%
Long-term debt	5.66%		5.45%		4.85%		4.25%		3.80%
Total interest-bearing liabilities	4.14%		3.90%		3.57%		3.21%		2.82%
Ratios:
Net interest margin (taxable equivalent)	2.99%		3.01%		3.08%		3.11%		3.16%
Net interest rate spread (taxable equivalent)	2.26%		2.33%		2.46%		2.54%		2.66%
Interest-bearing liabilities to interest-earning assets	82.43%		82.56%		82.65%		82.31%		82.31%

15

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	September 2006	June 2006	March 2006	December 2005	September 2005
Average Loans and Leases (including unearned income)
Commercial:
Commercial loans	$20,769	$20,239	$19,461	$18,909	$18,203
Commercial mortgage	9,833	9,980	9,441	9,159	9,095
Commercial construction	5,913	5,840	6,211	6,051	5,700
Commercial leases	3,740	3,729	3,686	3,611	3,537
Subtotal - commercial	40,255	39,788	38,799	37,730	36,535
Consumer:
Residential mortgage	8,967	8,756	8,351	8,444	8,271
Residential construction	733	735	706	673	624
Credit card	979	897	855	825	778
Home equity	12,366	12,193	12,072	11,884	11,702
Other consumer loans	9,384	9,340	9,311	9,251	8,868
Consumer leases	1,254	1,384	1,540	1,682	1,778
Subtotal - consumer	33,683	33,305	32,835	32,759	32,021
Total average loans and leases	$73,938	$73,093	$71,634	$70,489	$68,556
End of Period Loans and Leases Serviced
Commercial:
Commercial loans	$21,150	$20,618	$19,878	$19,174	$18,591
Commercial mortgage	9,879	9,792	9,861	9,188	9,138
Commercial construction	5,879	5,950	5,883	6,342	5,880
Commercial leases	3,751	3,740	3,726	3,695	3,619
Subtotal - commercial	40,659	40,100	39,348	38,399	37,228
Consumer:
Residential mortgage	8,093	7,875	7,708	7,152	7,353
Residential construction	718	748	717	695	649
Credit card	986	945	851	866	805
Home equity	12,429	12,277	12,087	12,000	11,766
Other consumer loans	9,420	9,334	9,272	9,218	9,215
Consumer leases	1,175	1,298	1,439	1,595	1,738
Subtotal - consumer	32,821	32,477	32,074	31,526	31,526
Total portfolio loans and leases	73,480	72,577	71,422	69,925	68,754
Loans held for sale	872	931	744	1,304	1,237
Operating lease equipment	142	150	137	143	159
Loans and Leases Serviced for Others:
Residential mortgage (a)	27,823	27,057	26,399	25,669	24,525
Commercial mortgage (b)	756	890	2,183	2,126	2,095
Commercial loans (c)	3,404	3,332	3,182	2,744	2,528
Commercial leases (b)	256	258	271	264	240
Consumer loans (d)	596	677	774	871	972
Total loans and leases serviced for others	32,835	32,214	32,809	31,674	30,360
Total loans and leases serviced	$107,329	$105,872	$105,112	$103,046	$100,510

(a) Fifth Third sells certain residential mortgage loans, primarily conforming and fixed-rate in nature and retains servicing responsibilities

(b) Fifth Third sells certain commercial mortgage loans and commercial leases and retains servicing responsibilities

(c) Fifth Third transfers, subject to credit recourse and with servicing retained, certain primarily investment grade commercial loans to an unconsolidated qualified special purpose entity, which is wholly-owned by an independent third party

(d) Fifth Third sells certain consumer loans and retains servicing responsibilities

16

Fifth Third Bancorp and Subsidiaries

Regulatory Capital (a)

$ in millions

(unaudited)

	As of
	September 2006		June 2006		March 2006		December 2005		September 2005
Tier I capital:
Shareholders’ equity	$10,022		$9,556		$9,469		$9,446		$9,385
Goodwill and certain other intangibles	(2,368	)	(2,351	)	(2,357	)	(2,377	)	(2,396	)
Unrealized (gains) losses	379		674		561		405		310
Other	799		781		761		735		731
Total tier I capital	$8,832		$8,660		$8,434		$8,209		$8,030
Total risk-based capital:
Tier I capital	$8,832		$8,660		$8,434		$8,209		$8,030
Qualifying allowance for credit losses	857		849		840		838		823
Qualifying subordinated notes	1,150		1,108		1,126		1,193		1,193
Total risk-based capital	$10,839		$10,617		$10,400		$10,240		$10,046
Risk-weighted assets	$102,777		$101,605		$99,123		$98,293		$95,316
Ratios:
Average shareholders’ equity to average assets	9.33%		9.09%		9.17%		9.12%		9.11%
Regulatory capital:
Tier I capital	8.59%		8.52%		8.51%		8.35%		8.42%
Total risk-based capital	10.55%		10.45%		10.49%		10.42%		10.54%
Tier I leverage	8.54%		8.38%		8.24%		8.08%		7.93%

(a) Current period regulatory capital data and ratios are estimated

17

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	September 2006		June 2006		March 2006		December 2005		September 2005
Summary of Credit Loss Experience
Losses charged off:
Commercial loans	($29	)	($31	)	($35	)	($35	)	($24	)
Commercial mortgage loans	(8	)	(5	)	(2	)	(3	)	(5	)
Construction loans	(1	)	(3	)	-		(3	)	(1	)
Residential mortgage loans	(5	)	(6	)	(4	)	(5	)	(3	)
Consumer loans	(50	)	(46	)	(50	)	(58	)	(41	)
Commercial lease financing	-		(2	)	(1	)	(28	)	(1	)
Consumer lease financing	(3	)	(3	)	(4	)	(5	)	(4	)
Total losses	(96	)	(96	)	(96	)	(137	)	(79	)
Recoveries of losses previously charged off:
Commercial loans	4		9		3		10		5
Commercial mortgage loans	1		1		-		1		-
Construction loans	-		-		-		-		-
Residential mortgage loans	-		-		-		-		-
Consumer loans	10		16		15		8		9
Commercial lease financing	1		1		2		-		-
Consumer lease financing	1		2		3		1		1
Total recoveries	17		29		23		20		15
Net losses charged off:
Commercial loans	(25	)	(22	)	(32	)	(25	)	(19	)
Commercial mortgage loans	(7	)	(4	)	(2	)	(2	)	(5	)
Construction loans	(1	)	(3	)	-		(3	)	(1	)
Residential mortgage loans	(5	)	(6	)	(4	)	(5	)	(3	)
Consumer loans	(40	)	(30	)	(35	)	(50	)	(32	)
Commercial lease financing	1		(1	)	1		(28	)	(1	)
Consumer lease financing	(2	)	(1	)	(1	)	(4	)	(3	)
Total net losses charged off	($79	)	($67	)	($73	)	($117	)	($64	)
Allowance for loan and lease losses, beginning	$753		$749		$744		$727		$722
Total net losses charged off	(79	)	(67	)	(73	)	(117	)	(64	)
Provision for loan and lease losses	87		71		78		134		69
Allowance for loan and lease losses, ending	$761		$753		$749		$744		$727
Reserve for unfunded commitments, beginning	$74		$69		$70		$69		$71
Provision for unfunded commitments	2		5		(1	)	1		(2	)
Acquisitions	-		-		-		-		-
Reserve for unfunded commitments, ending	$76		$74		$69		$70		$69
Components of allowance for credit losses:
Allowance for loan and lease losses	$761		$753		$749		$744		$727
Reserve for unfunded commitments	76		74		69		70		69
Total allowance for credit losses	$837		$827		$818		$814		$796
Nonperforming Assets and Delinquent Loans
Nonaccrual loans and leases (a)	$320		$281		$291		$294		$285
Renegotiated loans and leases	-		-		-		-		1
Other assets, including other real estate owned	91		77		73		67		65
Total nonperforming assets	$411		$358		$364		$361		$351
Ninety days past due loans and leases (a)	$196		$191		$160		$155		$156
Ratios
Net losses charged off as a percent of average loans and leases	0.43%		0.37%		0.42%		0.67%		0.38%
Allowance for loan and lease losses as a percent of loans and leases	1.04%		1.04%		1.05%		1.06%		1.06%
Allowance for credit losses as a percent of loans and leases	1.14%		1.14%		1.14%		1.16%		1.16%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned	0.56%		0.49%		0.51%		0.52%		0.51%

(a) Nonaccrual includes $29 million and Ninety Days Past Due includes $54 million of residential mortgage loans as of September 30, 2006.

18

EX-99.2

Exhibit 99.2

October 2006                     

QUARTERLY FINANCIAL SUPPLEMENT

Investment Community Member:

To assist in your financial analysis, the following supplement of most requested information concerning Fifth Third Bancorp is provided.

Numbers are unaudited for quarterly information.

If you need further information, please fax or e-mail your request to Fifth Third’s Investor Relations Department at (513) 534-3945 or

Jeff.Richardson@53.com

Jeff Richardson	Jim Eglseder
SVP/Investor Relations	AVP/Investor Relations
(513) 534-0983	(513) 534-8424

Quarterly Data

	Three Months Ended
	September 30, 2006		June 30, 2006		March 31, 2006		December 31, 2005		September 30, 2005		June 30, 2005		March 31, 2005		December 31, 2004
Ratios (percent)
Return on average assets		1.41		1.45		1.41		1.27		1.51		1.63		1.62		0.72
Return on average equity		15.1		16.0		15.3		13.9		16.6		18.1		18.0		7.6
Average equity as a percent of average assets		9.33		9.09		9.17		9.12		9.11		8.98		9.02		9.51
Net interest margin (a)		2.99		3.01		3.08		3.11		3.16		3.29		3.38		3.35
Efficiency (a)		55.5		55.3		54.7		55.6		53.5		52.2		51.6		76.0
Net losses charged off as a percent of average loans and leases		0.43		0.37		0.42		0.67		0.38		0.34		0.40		0.44
Allowance for loan and lease losses as a percent of loans and leases		1.04		1.04		1.05		1.06		1.06		1.09		1.11		1.19
Allowance for credit losses as a percent of loans and leases		1.14		1.14		1.14		1.16		1.16		1.20		1.21		1.31
Nonperforming assets as a percent of loans, leases and other assets, including OREO		0.56		0.49		0.51		0.52		0.51		0.51		0.53		0.51
Allowance for loan and lease losses as a percent of nonperforming assets		185.04		210.37		205.78		206.03		207.39		212.17		209.01		235.32
Allowance for credit losses as a percent of nonperforming assets		203.39		230.94		224.76		225.33		226.99		232.88		228.64		259.05
Common Share Data
Earnings per share	$	0.68	$	0.69	$	0.66	$	0.60	$	0.71	$	0.75	$	0.73	$	0.31
Earnings per diluted share		0.68		0.69		0.65		0.60		0.71		0.75		0.72		0.31
Cash dividends per common share		0.40		0.40		0.38		0.38		0.38		0.35		0.35		0.35
Book value per share		17.96		17.13		17.01		17.00		16.93		16.82		16.04		16.00
Common shares outstanding, excluding treasury		558,066,338		557,894,188		556,500,991		555,623,430		554,400,091		555,938,071		554,054,749		557,648,989
Market price per share:
High	$	40.18	$	41.02	$	41.43	$	42.50	$	43.99	$	44.67	$	48.12	$	52.34
Low		35.95		35.86		36.30		35.04		36.38		40.24		42.05		45.32
End of period		38.08		36.95		39.36		37.72		36.75		41.17		42.98		47.30
Price/earnings ratio (b)		14.53		13.94		14.52		13.57		14.76		15.77		16.22		17.65
Supplemental Data
Common dividends declared ($ in millions)	$	223	$	223	$	211	$	211	$	210	$	195	$	194	$	195
Full-time equivalent employees		21,301		21,230		21,497		21,681		21,674		21,594		21,287		19,659
Banking centers		1,145		1,138		1,132		1,119		1,106		1,098		1,092		1,011
ATMs		2,114		2,034		2,025		2,024		1,996		1,994		1,988		1,898

(a) Presented on a fully taxable equivalent basis (“FTE”).

(b) Based on the most recent twelve-month earnings per diluted share and end of period stock prices.

2

Quarterly Data

	Three Months Ended
	September 30, 2006			June 30, 2006			March 31, 2005			December 31, 2005			September 30, 2005			June 30, 2005			March 31, 2005			December 31, 2004
Income Statement ($ in millions)
Interest income (FTE)	$	1,540		$	1,483		$	1,405		$	1,359		$	1,291		$	1,223		$	1,153		$	1,090
Interest expense		821			767			687			624			546			465			394			338
Net interest income (FTE)		719			716			718			735			745			758			759			752
Provision for loan and lease losses		87			71			78			134			69			60			67			65
Noninterest income:
Electronic payment processing revenue		218			211			196			204			190			183			171			175
Service charges on deposits		134			135			126			133			137			132			121			126
Mortgage banking net revenue		36			41			47			42			45			46			41			24
Investment advisory revenue		89			96			91			87			89			92			90			83
Corporate banking revenue		79			82			76			92			71			74			62			65
Other noninterest income		87			76			80			77			82			93			108			84
Securities gains (losses), net		19			14			1			1			8			15			14			(78	)
Total noninterest income		662			655			617			636			622			635			607			479
Noninterest expense:
Salaries, wages and incentives		288			303			284			287			285			295			265			266
Employee benefits		74			69			87			65			70			67			82			56
Equipment expense		34			29			27			29			26			25			25			23
Net occupancy expense		63			59			58			59			54			54			54			48
Deposit insurance expense		2			2			2			2			2			2			2			2
Other noninterest expense		306			297			273			321			295			285			277			540
Total noninterest expense		767			759			731			763			732			728			705			935
Income before income taxes and cumulative effect (FTE)		527			541			526			474			566			605			594			231
Taxable equivalent adjustment		6			6			7			7			8			8			8			9
Income before income taxes and cumulative effect		521			535			519			467			558			597			586			222
Applicable income taxes		144			153			160			135			163			180			181			46
Income before cumulative effect		377			382			359			332			395			417			405			176
Cumulative effect of change in accounting principle, net of tax		-			-			4			-			-			-			-			-
Net income	$	377		$	382		$	363		$	332		$	395		$	417		$	405		$	176
Net income available to common shareholders (a)	$	377		$	382		$	363		$	332		$	395		$	417		$	404		$	176
Regulatory Capital Data ($ in millions) (b)
Tier I capital	$	8,832		$	8,660		$	8,434		$	8,209		$	8,030		$	7,783		$	7,509		$	8,522
Tier II capital		2,007			1,957			1,966			2,031			2,016			2,132			2,125			1,654
Total risk-based capital	$	10,839		$	10,617		$	10,400		$	10,240		$	10,046		$	9,915		$	9,634		$	10,176
Risk-weighted assets	$	102,777		$	101,605		$	99,123		$	98,293		$	95,316		$	91,791		$	89,401		$	82,633
Tier I capital ratio		8.59	%		8.52	%		8.51	%		8.35	%		8.42	%		8.48	%		8.40	%		10.31	%
Total risk-based capital ratio		10.55	%		10.45	%		10.49	%		10.42	%		10.54	%		10.80	%		10.78	%		12.31	%
Tier I leverage ratio		8.54	%		8.38	%		8.24	%		8.08	%		7.93	%		7.76	%		7.62	%		8.89	%

(a) Dividends on preferred stock are $.185 million for all quarters presented.

(b) September 30, 2006 regulatory capital data and ratios are estimated.

3

Quarterly Data

	As of
	September 30, 2006			June 30, 2006			March 31, 2005			December 31, 2005			September 30, 2005			June 30, 2005			March 31, 2005			December 31, 2004
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,399		$	2,670		$	2,494		$	3,078		$	3,372		$	2,781		$	2,420		$	2,561
Available-for-sale and other securities		19,514			20,345			21,276			21,924			22,537			24,647			25,101			24,687
Held-to-maturity securities		359			358			365			389			332			307			303			255
Trading securities		164			173			156			117			105			84			128			77
Other short-term investments		125			207			159			158			113			113			1,213			532
Total cash and securities		22,561			23,753			24,450			25,666			26,459			27,932			29,165			28,112
Loans held for sale		872			931			744			1,304			1,237			783			809			559
Portfolio loans and leases		73,480			72,577			71,422			69,925			68,754			66,296			64,902			59,808
Total loans and leases		74,352			73,508			72,166			71,229			69,991			67,079			65,711			60,367
Allowance for loan and lease losses		(761	)		(753	)		(749	)		(744	)		(727	)		(722	)		(717	)		(713	)
Bank premises and equipment		1,902			1,853			1,798			1,726			1,643			1,581			1,529			1,315
Operating lease equipment		142			150			137			143			159			161			224			304
Goodwill		2,193			2,194			2,194			2,169			2,176			2,178			2,167			979
Intangible assets		175			185			189			208			220			231			243			150
Servicing rights		504			489			468			441			417			378			378			352
Other real estate owned		80			69			68			54			52			52			60			63
Other assets		4,680			4,663			4,323			4,333			4,218			4,290			3,953			3,527
Total assets	$	105,828		$	106,111		$	105,044		$	105,225		$	104,608		$	103,160		$	102,713		$	94,456
Liabilities
Deposits:
Demand	$	13,883		$	14,078		$	14,134		$	14,609		$	14,294		$	14,393		$	13,960		$	13,486
Interest checking		15,855			16,788			17,511			18,282			18,169			18,811			19,722			19,481
Savings		12,392			12,061			11,902			11,276			10,437			9,653			9,711			8,310
Money market		6,462			6,505			6,399			6,129			5,855			4,732			4,777			4,321
Other time		10,818			10,627			10,105			9,313			8,867			8,513			8,017			6,837
Certificates - $100,000 and over		6,871			5,691			5,085			4,343			4,195			3,986			3,867			2,121
Foreign office		2,362			4,773			3,874			3,482			3,678			3,089			5,257			3,670
Total deposits		68,643			70,523			69,010			67,434			65,495			63,177			65,311			58,226
Federal funds purchased		5,434			2,493			3,715			5,323			3,548			4,523			2,669			4,714
Short-term bank notes		-			-			-			-			-			-			775			775
Other short-term borrowings		3,833			5,275			4,472			4,246			6,075			4,972			4,925			4,537
Other liabilities		3,726			3,762			3,632			3,549			3,583			3,641			3,824			3,297
Long-term debt		14,170			14,502			14,746			15,227			16,522			17,494			16,321			13,983
Total liabilities		95,806			96,555			95,575			95,779			95,223			93,807			93,825			85,532
Shareholders’ Equity
Common and preferred equity		11,576			11,411			11,274			11,138			11,038			10,762			10,569			10,507
Additional minimum pension liability		(5	)		(5	)		(5	)		(5	)		(4	)		(4	)		(4	)		(64	)
Net unrealized gains (losses):
Available-for-sale securities		(382	)		(670	)		(553	)		(395	)		(296	)		(107	)		(295	)		(72	)
Qualifying cash flow hedges		(5	)		(8	)		(10	)		(13	)		(17	)		(24	)		(24	)		(33	)
Treasury stock, at cost		(1,162	)		(1,172	)		(1,237	)		(1,279	)		(1,336	)		(1,274	)		(1,358	)		(1,414	)
Total shareholders’ equity	$	10,022		$	9,556		$	9,469		$	9,446		$	9,385		$	9,353		$	8,888		$	8,924
Share Data
Preferred shares outstanding		9,250			9,250			9,250			9,250			9,250			9,250			9,250			9,250
Common shares outstanding, excluding treasury		558,066,338			557,894,188			556,500,991			555,623,430			554,400,091			555,938,071			554,054,749			557,648,989
Treasury shares held		25,360,766			25,532,916			26,926,113			27,803,674			29,027,013			27,489,033			29,372,355			25,802,702

4

Quarterly Data

	Three Months Ended
	September 30, 2006			June 30, 2006			March 31, 2005			December 31, 2005			September 30, 2005			June 30, 2005			March 31, 2005			December 31, 2004
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	73,938		$	73,093		$	71,634		$	70,489		$	68,556		$	66,762		$	65,076		$	59,440
Taxable securities		20,836			21,642			22,116			22,376			24,013			24,771			24,935			28,379
Tax exempt securities		587			616			644			698			787			815			856			866
Other short-term investments		159			181			157			200			115			130			328			480
Total interest-earning assets		95,520			95,532			94,551			93,763			93,471			92,478			91,195			89,165
Cash and due from banks		2,355			2,564			2,668			2,847			2,742			2,822			2,619			2,445
Other assets		8,745			8,393			8,261			8,105			8,207			8,182			7,909			6,171
Allowance for loan and lease losses		(752	)		(748	)		(744	)		(727	)		(721	)		(717	)		(714	)		(719	)
Total assets	$	105,868		$	105,741		$	104,736		$	103,988		$	103,699		$	102,765		$	101,009		$	97,062
Liabilities
Interest-bearing liabilities:
Interest checking	$	16,251		$	17,025		$	17,603		$	17,828		$	18,498		$	19,267		$	19,972		$	19,345
Savings		12,279			12,064			11,588			11,036			9,939			9,697			9,339			8,447
Money market		6,371			6,429			6,086			5,974			5,154			4,755			4,786			4,227
Other time		10,794			10,449			9,749			9,143			8,730			8,286			7,787			6,681
Certificates - $100,000 and over		6,415			5,316			4,670			4,354			4,156			3,946			3,539			2,106
Foreign office		3,668			4,382			4,050			3,703			3,925			3,907			4,340			4,073
Federal funds purchased		4,546			3,886			4,553			4,771			4,001			3,952			4,170			4,880
Short-term bank notes		-			-			-			-			-			230			775			1,188
Other short-term borrowings		4,056			4,854			4,718			4,408			5,619			5,190			4,933			5,140
Long-term debt		14,355			14,465			15,132			15,956			16,914			17,049			15,604			15,585
Total interest-bearing liabilities		78,735			78,870			78,149			77,173			76,936			76,279			75,245			71,672
Demand deposits		13,642			13,764			13,674			14,099			13,977			13,905			13,484			13,107
Other liabilities		3,613			3,500			3,312			3,236			3,335			3,357			3,172			3,054
Total liabilities		95,990			96,134			95,135			94,508			94,248			93,541			91,901			87,833
Shareholders’ equity		9,878			9,607			9,601			9,480			9,451			9,224			9,108			9,229
Total liabilities & shareholders’ equity	$	105,868		$	105,741		$	104,736		$	103,988		$	103,699		$	102,765		$	101,009		$	97,062
Average loans and leases (excluding held for sale)	$	72,903		$	72,209		$	70,603		$	69,218		$	67,539		$	65,649		$	64,269		$	58,714
Average common shares outstanding:
Basic		555,565,365			554,977,557			554,397,914			553,590,943			553,854,684			553,871,720			556,361,533			560,161,550
Diluted		557,948,598			557,489,491			556,868,587			556,321,949			557,681,044			558,176,454			561,658,848			566,107,746

5

Quarterly Data

	Three Months Ended
	September 30, 2006			June 30, 2006			March 31, 2005			December 31, 2005			September 30, 2005			June 30, 2005			March 31, 2005			December 31, 2004
Asset Quality ($ in millions)
Nonaccrual loans and leases	$	320		$	281		$	291		$	294		$	285		$	273		$	268		$	228
Renegotiated loans and leases		—			—			—			—			1			1			1			1
Other assets, including other real estate owned		91			77			73			67			65			66			74			74
Total nonperforming assets	$	411		$	358		$	364		$	361		$	351		$	340		$	343		$	303
Ninety days past due loans and leases	$	196		$	191		$	160		$	155		$	156		$	129		$	129		$	142
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial loans	$	21,150		$	20,618		$	19,879		$	19,299		$	18,596		$	18,017		$	17,501		$	16,058
Commercial mortgage		9,879			9,792			9,861			9,188			9,138			9,091			9,048			7,636
Commercial construction		5,879			5,950			5,883			6,342			5,880			5,590			5,365			4,348
Commercial leases		3,752			3,740			3,726			3,698			3,619			3,537			3,416			3,426
Subtotal - commercial		40,660			40,100			39,349			38,527			37,233			36,235			35,330			31,468
Consumer:
Residential mortgage		8,911			8,780			8,405			8,296			8,564			7,808			8,208			7,533
Residential construction		718			748			717			695			649			611			557			378
Credit card		986			945			851			866			805			749			790			843
Home equity		12,429			12,277			12,087			12,000			11,766			11,521			11,085			10,508
Other consumer loans		9,473			9,360			9,318			9,250			9,236			8,343			7,840			7,586
Consumer leases		1,175			1,298			1,439			1,595			1,738			1,812			1,901			2,051
Subtotal - consumer		33,692			33,408			32,817			32,702			32,758			30,844			30,381			28,899
Total loans and leases	$	74,352		$	73,508		$	72,166		$	71,229		$	69,991		$	67,079		$	65,711		$	60,367
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial loans	$	20,769		$	20,239		$	19,461		$	18,909		$	18,203		$	17,768		$	18,073		$	15,565
Commercial mortgage		9,833			9,980			9,441			9,159			9,095			9,042			8,385			7,617
Commercial construction		5,913			5,840			6,211			6,051			5,700			5,467			4,870			4,247
Commercial leases		3,740			3,729			3,686			3,611			3,537			3,436			3,393			3,333
Subtotal - commercial		40,255			39,788			38,799			37,730			36,535			35,713			34,721			30,762
Consumer:
Residential mortgage		8,967			8,756			8,351			8,444			8,271			8,453			8,417			7,346
Residential construction		733			735			706			673			624			576			468			378
Credit card		979			897			855			825			778			755			830			827
Home equity		12,366			12,193			12,072			11,884			11,702			11,325			10,909			10,403
Other consumer loans		9,384			9,340			9,311			9,251			8,868			8,089			7,752			7,592
Consumer leases		1,254			1,384			1,540			1,682			1,778			1,851			1,979			2,132
Subtotal - consumer		33,683			33,305			32,835			32,759			32,021			31,049			30,355			28,678
Total average loans and leases	$	73,938		$	73,093		$	71,634		$	70,489		$	68,556		$	66,762		$	65,076		$	59,440
Nonperforming Loans ($ in millions)(non-accrual plus renegotiated)
Commercial construction loans	$	31		$	18		$	20		$	31		$	29		$	24		$	23		$	13
Commercial mortgage		49			62			74			51			53			56			56			51
Commercial loans and leases		167			129			126			146			140			132			132			111
Consumer mortgage and construction		34			34			34			30			31			25			24			24
Other consumer loans and leases		39			38			37			36			33			37			34			30
Total nonperforming loans	$	320		$	281		$	291		$	294		$	286		$	274		$	269		$	229
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(96	)	$	(96	)	$	(96	)	$	(137	)	$	(79	)	$	(76	)	$	(80	)	$	(84	)
Recoveries		17			29			23			20			15			21			17			19
Net losses charged off	$	(79	)	$	(67	)	$	(73	)	$	(117	)	$	(64	)	$	(55	)	$	(63	)	$	(65	)

6