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): January 18, 2007

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 January 18, 2007, Fifth Third Bancorp issued a press release and its quarterly and annual financial supplement announcing its earnings release for the fourth quarter of 2006. A copy of this press release and its quarterly and annual financial supplement are attached as Exhibits 99.1, 99.2 and 99.3, 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 January 18, 2007, Fifth Third Bancorp issued a press release and its quarterly and annual financial supplement announcing its earnings release for the fourth quarter of 2006. A copy of this press release and its quarterly and annual financial supplement are attached as Exhibits 99.1, 99.2 and 99.3, 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 January 18, 2007.
Exhibit 99.2	–	Quarterly Financial Supplement.
Exhibit 99.3	–	Annual 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)
January 18, 2007	/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	January 18, 2007
	Jim Eglseder (Analysts)
	(513) 534-8424
	Debra DeCourcy, APR (Media)
	(513) 534-4153

******* 1.17.07 10am DRAFT *******

FIFTH THIRD BANCORP REPORTS 2006 EARNINGS OF $2.13

PER DILUTED SHARE

Fifth Third Bancorp today reported 2006 earnings of $1.2 billion, or $2.13 per diluted share, compared with $1.5 billion or $2.77 per diluted share in 2005. Fourth quarter 2006 earnings were $66 million, or $0.12 per diluted share, compared with $377 million or $0.68 per diluted share in the third quarter of 2006 and $332 million or $0.60 per diluted share for the same period in 2005.

Fourth quarter and full year results were negatively affected by the balance sheet actions announced in November that were taken to improve our asset/liability profile and reduce leverage. These actions resulted in an aggregate pre-tax loss of $454 million. More detail regarding these actions is provided below.

“Fourth quarter results reflect an improved net interest margin and solid performance in many of our businesses,” said George A. Schaefer, Jr., Chairman and CEO of Fifth Third Bancorp. “While the actions undertaken this quarter to improve our balance sheet position significantly reduced 2006 bottom line results, this was the right thing to do for our company. Core deposit growth was solid and noninterest income trends were within our expectations. Expense growth was modest, particularly given the effect of expenses related to the balance sheet actions, and credit costs were in line with our expectations for the quarter. We continue to believe that credit cost trends should remain manageable but increases are likely, reflecting a beginning of a turn in the credit cycle.

We are optimistic about our outlook for 2007. In addition to continued momentum in loan and deposit growth, we built 83 new banking center locations in 2006 including 51 de novos, and continued to invest significantly in information technology and in expanding our sales force. Our tangible capital levels are among the very strongest in the industry. We have a terrific management team that is committed to the long-term interests of the Company, to building shareholder value, and to taking the actions necessary to produce strong, sustainable long-term growth. ”

Balance Sheet Actions and Trends

On November 20, 2006, Fifth Third Bancorp’s Board of Directors approved certain actions to improve our asset/liability profile. These actions were intended to reduce the size of our available-for-sale securities portfolio to a size that was more consistent with our liquidity, collateral and interest rate risk management requirements; improve the composition of our balance sheet with a lower concentration in fixed-rate assets; lower wholesale borrowings to reduce leverage; and better position the company for an uncertain economic and interest rate environment.

These actions included: (i) sales of $11.3 billion in available-for-sale securities, with a weighted-average yield of approximately 4.30%; (ii) reinvestment of approximately $2.8 billion in available-for-sale securities that are more efficient when used as collateral; (iii) repayment of $8.5 billion in wholesale borrowings at a weighted average rate paid of 5.30%; and (iv) the termination of approximately $1.1 billion of repurchase and reverse repurchase agreements. At the time, these actions were expected to result in an aggregate pre-tax loss of approximately $500 million. Following the execution of these actions, actual pre-tax losses were $454 million consisting of $398 million in losses on the sale of securities; $17 million in losses on derivatives related to the securities sold, recorded as other noninterest income; and $39 million in charges related to the termination of financing agreements, recorded in other noninterest expense. The reduction in reported earnings for the year resulted in the lowering of year-to-date tax provision, which produced a negative effective tax rate for the quarter.

The taxable securities portfolio at year-end 2006 was characterized by the following statistics: $11.3 billion; weighted average yield of 4.80%; weighted average life of 4.3 years; duration of 3.4 years. Net unrealized losses for the available-for-sale securities portfolio were $183 million.

In December 2006, we issued $500 million of ten-year fixed-rate subordinated debt and $250 million ten-year floating rate subordinated debt. The fixed rate issue was priced to yield 5.50% and subsequently swapped to floating. The floating rate issue was priced at three month Libor plus 42 bps. This issue contributed approximately 73 bps to our year-end total capital ratio.

We adopted SFAS No. 158 in the fourth quarter of 2006. This new accounting standard required companies to report the funding status of its defined benefit plan as an asset or liability and recognize unamortized gains and losses as a component of equity. The adoption of this statement decreased Fifth Third’s shareholder’s equity by approximately $60 million, reducing the tangible equity ratio by approximately 6 bps.

Average loan and lease balances grew two percent sequentially and seven percent over fourth quarter last year. Commercial loans and leases grew two percent sequentially and eight percent compared with the year ago quarter and consumer loans and leases grew two percent sequentially and five percent compared with the year ago quarter. Excluding anticipated run-off in the consumer lease portfolio totaling $540 million, consumer loans and leases grew seven percent versus last year.

Average core deposits increased one percent sequentially on growth in demand deposits, money market and savings deposits as well as retail CDs. Compared with the fourth quarter last year, average core deposits rose three percent on growth in savings, retail CDs and money market accounts.

During the quarter, we repurchased 2.0 million shares at a total cost of $81 million. Our current remaining share repurchase authorization is 15.8 million shares.

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Net Interest Income

Net interest income of $744 million on a taxable equivalent basis increased three percent from last quarter. The increase was primarily driven by the sale of available-for-sale securities and repayment of wholesale borrowings, a position that was being carried at a negative spread. Solid trends in loan growth and yields and greater stability in deposit pricing costs also contributed to the growth. The net interest margin increased 17 bps, reflecting the improvement in net interest income coupled with the reduction in earning assets resulting from the sale of securities. The margin result exceeded our original expectations due to better execution on the sales of securities, stronger than expected core deposit growth in the fourth quarter and improved loan yields. Competition for deposits stabilized in some of our markets and the mix shift within our core deposit products slowed relative to prior periods, although balance rollovers within term deposit categories caused some upward pressure on product line composite rates paid.

Net interest income increased one percent compared with the fourth quarter 2005, reflecting a two percent decline in earning assets and a five bps improvement of the net interest margin.

Noninterest Income

Noninterest income of $219 million was $443 million lower than the third quarter of 2006 and $417 million lower than a year ago. Fourth quarter net securities losses and losses on related derivatives of $411 million drove the comparisons. Otherwise, strong performance in electronic payment processing was mitigated by a drop in deposit service charges, lower mortgage banking revenue and lower other noninterest income.

Electronic payment processing (EPP) revenue of $232 million increased six percent sequentially largely reflecting strong growth in the merchant business, solid growth in card revenue, and seasonal increases in the level of retail sales activity. EPP revenue increased 14 percent over the same quarter last year on double-digit growth in merchant processing and card interchange, though growth was mitigated by the effects of slower consumer spending over the course of 2006. We remain confident in the growth outlook for our processing business, as national merchant contract additions announced throughout 2006 continue to be realized and as transaction volumes increase with the continued shift by consumers toward electronic forms of payment.

Deposit service revenue of $122 million declined nine percent compared with last quarter and eight percent versus the same quarter last year. Retail deposit revenue dropped by 13 percent sequentially, reflecting significantly lower consumer NSF fees, while commercial deposit revenue decreased by three percent on growth in compensating balances which increased our payments of earnings credits to customers. Retail deposit service revenue is expected to rebound in the first quarter, although this effect will be mitigated by normal first quarter seasonality.

Investment advisory revenue of $90 million increased two percent versus third quarter, largely the result of growth in our private client group and mutual fund fees. Compared with the same quarter last year, revenue increased four percent. Year-over-year results were driven by strong growth in the private client group and moderate growth in the retail securities and institutional businesses, partially offset by lower mutual fund fees reflecting the ongoing effect of open architecture on proprietary fund sales.

3

Corporate banking revenue of $82 million increased four percent sequentially, primarily related to higher foreign exchange revenue and lease syndication fees. Results decreased 11 percent from the fourth quarter of 2005. Year-over-year comparisons reflect unusually strong fourth quarter 2005 lease syndication fees, as well as lower letter of credit and customer interest rate derivative income.

Mortgage banking net revenue totaled $30 million, compared with $36 million last quarter and $42 million in the prior year quarter. Fourth quarter origination fees and gains on loan sales were $23 million, compared with $21 million in the third quarter and $33 million in fourth quarter 2005. Net servicing revenue totaled $7 million in the fourth quarter, compared with $15 million last quarter and $9 million in fourth quarter 2005. The decline in net servicing revenue related to MSR valuation was partially offset by $3 million in gains on non-qualifying MSR hedges described below. Fourth quarter 2006 net servicing revenue included $31 million in gross servicing fees offset by $19 million in amortization and $5 million in net MSR valuation adjustment. Mortgage originations of $2.3 billion were consistent with $2.3 billion in third quarter 2006 and $2.5 billion in fourth quarter 2005. The mortgage servicing asset, net of the valuation reserve, was $519 million at quarter end on a servicing portfolio of $28.7 billion.

Other noninterest income totaled $58 million in the fourth quarter, compared with $87 million last quarter and $77 million in the same quarter last year. Fourth quarter results included a loss of $17 million on derivatives related to securities sold as part of our fourth quarter balance sheet actions. Sequential comparisons also reflect $11 million in gains related to the third quarter sales of three Indiana branches and a small out-of-footprint credit card portfolio.

Net securities losses totaled $395 million in the fourth quarter. We had $398 million of losses related to our fourth quarter balance sheet actions and $3 million of gains on non-qualifying hedges on mortgage servicing rights. Net securities gains were $19 million last quarter and $1 million in the same quarter last year.

Noninterest Expense

Total noninterest expense of $798 million increased four percent from third quarter 2006 levels and by five percent over the same quarter last year. Comparisons were affected by a $39 million charge in the fourth quarter associated with the termination of financing agreements as part of our balance sheet actions as well as an $11 million charge for the early retirement of debt in the third quarter. Sequential comparisons also reflect $8 million of pension settlement expenses incurred in the third quarter. Fourth quarter 2005 expenses included approximately $9 million in fraud-related expenses and approximately $10 million in tax-related expense.

Excluding the above-mentioned items, noninterest expense increased one percent sequentially, driven by higher processing volume-related expenses, and increased two percent versus last year. The annual increase reflected higher personnel expense and de novo-related occupancy expense.

Credit Quality

Net charge-offs as a percentage of average loans and leases were 52 bps in the fourth quarter, compared with 43 bps last quarter and 67 bps in the fourth quarter of 2005. Net charge-offs were $97 million in the fourth quarter, compared with

4

$79 million last quarter and $117 million in the same quarter last year. The commercial and consumer net charge-off ratios were 42 bps and 64 bps, respectively. Gross charge-offs were 63 bps of loans and leases. Fourth quarter 2006 charge-offs included $9 million related to two large commercial credits, which drove the $11 million increase in commercial charge-offs. Higher indirect consumer losses were responsible for the $7 million increase in consumer charge-offs. Fourth quarter 2005 charge-offs included approximately $27 million in losses related to commercial airline bankruptcies and higher consumer loan and lease losses related to consumer bankruptcy filings in anticipation of federal bankruptcy reform legislation.

Provision for loan and lease losses totaled $107 million in the fourth quarter compared with $87 million last quarter and $134 million in the same quarter last year.

Nonperforming assets (NPAs) at quarter end were $455 million, or 61 bps of total loans and leases and other real estate owned, up from 56 bps last quarter and 52 bps in the fourth quarter a year ago. The sequential increase of $44 million was balanced between consumer and commercial NPAs. Consumer NPA growth was evenly split between indirect consumer and mortgage loans. The increase in commercial NPAs largely occurred in the real estate and construction portfolios. There were no significant geographic concentrations, but NPA growth was highest in eastern Michigan and northeastern Ohio due to the location of the largest NPAs inflows. About half of the commercial NPA increase was experienced in the small business and business banking portfolio. The allowance for loan and lease losses represented 1.04 percent of total loans and leases outstanding as of quarter end, consistent with 1.04 percent last quarter and 1.06 percent in the same quarter last year.

Outlook

The following outlook represents currently expected full year growth rates compared with full year 2006 results. Our outlook is based on current expectations as of the date of this release for results within our businesses; prevailing views related to economic growth, inflation, unemployment and other economic factors; and market forward interest rate expectations. These expectations are inherently subject to risks and uncertainties. There are a number of factors that could cause results to differ materially from historical performance and these expectations. We undertake no obligation to update these expectations after the date of this release. Please refer to the cautionary statement at the end of this release for more information.

Category	Growth, percentage, or bps range
Net interest income	High single digits
Net interest margin	3.35-3.45%
Noninterest income*	High single digits
Noninterest expense**	Mid single digits
Loans	High single digits
Core deposits	Mid single digits
Net charge-offs	Low-mid 50 bps range
Effective tax rate [non-tax equivalent]	29-30%
Tangible equity/tangible asset ratio	2007 target >7%

* comparison with the prior year excludes $415 million of losses recorded in noninterest income related to fourth quarter 2006 balance sheet actions

5

** comparison with the prior year excludes $50 million of charges: $11 million in third quarter 2006 related to the early retirement of debt, and $39 million in fourth quarter 2006 related to termination of financing agreements

Conference Call

Fifth Third will host a conference call to discuss these financial results at 9:00 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: 4115845#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $100.7 billion in assets, operates 19 affiliates with 1,150 full-service Banking Centers, including 111 Bank Mart® locations open seven days a week inside select grocery stores and 2,096 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 December 31, 2006, has $220 billion in assets under care, of which it managed $34 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 may reduce interest margins; (3) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions are inherently uncertain; (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; (9) our ability to maintain favorable ratings from rating agencies; and (10) 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.

# # #

6

FIFTH THIRD BANCORP AND SUBSIDIARIES

Quarterly Financial Review for December 31, 2006

Table of Contents

Financial Highlights	8-9
Consolidated Statements of Income	10
Consolidated Statements of Income (Taxable Equivalent)	11
Consolidated Balance Sheets	12-13
Consolidated Statements of Changes in Shareholders’ Equity	14
Average Balance Sheet and Yield Analysis	15-17
Summary of Loans and Leases	18
Regulatory Capital	19
Asset Quality	20

7

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended									% Change				Year to Date						% Change Yr/Yr
	December 2006			September 2006			December 2005			Yr/Yr		Seq		December 2006			December 2005
Income Statement Data
Net interest income (a)	$	744		$	719		$	735		1	%	3	%	$	2,899		$	2,996		(3	)%
Noninterest income		219			662			636		(66	)%	(67	)%		2,153			2,500		(14	)%
Total revenue (a)		963			1,381			1,371		(30	)%	(30	)%		5,052			5,496		(8	)%
Provision for loan and lease losses		107			87			134		(20	)%	23	%		343			330		4	%
Noninterest expense		798			767			763		5	%	4	%		3,057			2,927		4	%
Net income		66			377			332		(80	)%	(83	)%		1,188			1,549		(23	)%
Common Share Data
Earnings per share, basic	$	0.12		$	0.68		$	0.60		(80	)%	(82	)%	$	2.14		$	2.79		(23	)%
Earnings per share, diluted		0.12			0.68			0.60		(80	)%	(82	)%		2.13			2.77		(23	)%
Cash dividends per common share		0.40			0.40			0.38		5	%	—			1.59			1.46		9	%
Book value per share		18.02			17.96			17.00		6	%	—			18.02			17.00		6	%
Dividend payout ratio		333.3	%		58.8	%		63.3	%	427	%	467	%		74.6	%		52.7	%	42	%
Market price per share:
High	$	41.57		$	40.18		$	42.50		(2	)%	3	%	$	41.57		$	48.12		(14	)%
Low		37.75			35.95			35.04		8	%	5	%		35.86			35.04		2	%
End of period		40.93			38.08			37.72		9	%	7	%		40.93			37.72		9	%
Common shares outstanding (in thousands)		556,253			558,066			555,623		—		—			556,253			555,623		—
Average common shares outstanding (in thousands):
Basic		554,978			555,565			553,591		—		—			554,983			554,411		—
Diluted		557,654			557,949			556,322		—		—			557,494			558,443		—
Market capitalization	$	22,767		$	21,251		$	20,958		9	%	7	%	$	22,767		$	20,958		9	%
Price/earnings ratio (b)		19.13			14.53			13.57		41	%	32	%		19.13			13.57		41	%
Financial Ratios
Return on average assets		0.25	%		1.41	%		1.27	%	(80	)%	(82	)%		1.13	%		1.50	%	(25	)%
Return on average equity		2.6	%		15.1	%		13.9	%	(81	)%	(83	)%		12.1	%		16.6	%	(27	)%
Noninterest income as a percent of total revenue		23	%		48	%		46	%	(50	)%	(52	)%		43	%		45	%	(4	)%
Average equity as a percent of average assets		9.70	%		9.33	%		9.12	%	6	%	4	%		9.32	%		9.06	%	3	%
Tangible equity		7.79	%		7.40	%		6.87	%	13	%	5	%		7.79	%		6.87	%	13	%
Net interest margin (a)		3.16	%		2.99	%		3.11	%	2	%	6	%		3.06	%		3.23	%	(5	)%
Efficiency (a)		82.9	%		55.5	%		55.6	%	49	%	49	%		60.5	%		53.2	%	14	%
Effective tax rate		(27.0	)%		27.6	%		28.9	%	NM		NM			27.1	%		29.9	%	(9	)%
Credit Quality
Net losses charged off	$	97		$	79		$	117		(17	)%	23	%	$	316		$	299		6	%
Net losses charged off as a percent of average loans and leases		0.52	%		0.43	%		0.67	%	(22	)%	21	%		0.44	%		0.45	%	(2	)%
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		0.61	%		0.56	%		0.52	%	17	%	9	%		0.61	%		0.52	%	17	%
Average Balances
Loans and leases, including held for sale	$	75,262		$	73,938		$	70,489		7	%	2	%	$	73,493		$	67,737		8	%
Total securities and other short-term investments		18,262			21,582			23,274		(22	)%	(15	)%		21,288			24,999		(15	)%
Total assets		104,602			105,868			103,988		1	%	(1	)%		105,238			102,876		2	%
Transaction deposits		49,010			48,543			48,937		—		1	%		48,946			47,929		2	%
Core deposits		60,001			59,337			58,080		3	%	1	%		59,446			56,420		5	%
Wholesale funding		30,650			33,040			33,192		(8	)%	(7	)%		32,423			33,863		(4	)%
Shareholders’ equity		10,150			9,878			9,480		7	%	3	%		9,811			9,317		5	%
Regulatory Capital Ratios (c)
Tier I capital		8.36	%		8.64	%		8.35	%	—		(3	)%		8.36	%		8.35	%	—
Total risk-based capital		11.04	%		10.61	%		10.42	%	6	%	4	%		11.04	%		10.42	%	6	%
Tier I leverage		8.44	%		8.52	%		8.08	%	4	%	(1	)%		8.44	%		8.08	%	4	%
Operations
Banking centers		1,150			1,145			1,119		3	%	—			1,150			1,119		3	%
ATMs		2,096			2,114			2,024		4	%	(1	)%		2,096			2,024		4	%
Full-time equivalent employees		21,362			21,301			21,681		(1	)%	—			21,362			21,681		(1	)%

(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

8

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended
	December 2006			September 2006			June 2006			March 2006			December 2005
Income Statement Data
Net interest income (a)	$	744		$	719		$	716		$	718		$	735
Noninterest income		219			662			655			617			636
Total revenue (a)		963			1,381			1,371			1,335			1,371
Provision for loan and lease losses		107			87			71			78			134
Noninterest expense		798			767			759			731			763
Net income		66			377			382			363			332
Common Share Data
Earnings per share, basic	$	0.12		$	0.68		$	0.69		$	0.66		$	0.60
Earnings per share, diluted		0.12			0.68			0.69			0.65			0.60
Cash dividends per common share		0.40			0.40			0.40			0.38			0.38
Book value per share		18.02			17.96			17.13			17.01			17.00
Dividend payout ratio		333.3	%		58.8	%		58.0	%		58.5	%		63.3	%
Market price per share:
High	$	41.57		$	40.18		$	41.02		$	41.43		$	42.50
Low		37.75			35.95			35.86			36.30			35.04
End of period		40.93			38.08			36.95			39.36			37.72
Common shares outstanding (in thousands)		556,253			558,066			557,894			556,501			555,623
Average common shares outstanding (in thousands):
Basic		554,978			555,565			554,978			554,398			553,591
Diluted		557,654			557,949			557,489			556,869			556,322
Market capitalization	$	22,767		$	21,251		$	20,614		$	21,904		$	20,958
Price/earnings ratio (b)		19.13			14.53			13.94			14.52			13.57
Financial Ratios
Return on average assets		0.25	%		1.41	%		1.45	%		1.41	%		1.27	%
Return on average equity		2.6	%		15.1	%		16.0	%		15.3	%		13.9	%
Noninterest income as a percent of total revenue		23	%		48	%		48	%		46	%		46	%
Average equity as a percent of average assets		9.70	%		9.33	%		9.09	%		9.17	%		9.12	%
Tangible equity		7.79	%		7.40	%		6.92	%		6.90	%		6.87	%
Net interest margin (a)		3.16	%		2.99	%		3.01	%		3.08	%		3.11	%
Efficiency (a)		82.9	%		55.5	%		55.3	%		54.7	%		55.6	%
Effective tax rate		(27.0	)%		27.6	%		28.5	%		30.7	%		28.9	%
Credit Quality
Net losses charged off	$	97		$	79		$	67		$	73		$	117
Net losses charged off as a percent of average loans and leases		0.52	%		0.43	%		0.37	%		0.42	%		0.67	%
Allowance for loan and lease losses as a percent of loans and leases		1.04	%		1.04	%		1.04	%		1.05	%		1.06	%
Allowance for credit losses as a percent of loans and leases		1.14	%		1.14	%		1.14	%		1.14	%		1.16	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned		0.61	%		0.56	%		0.49	%		0.51	%		0.52	%
Average Balances
Loans and leases, including held for sale	$	75,262		$	73,938		$	73,093		$	71,634		$	70,489
Total securities and other short-term investments		18,262			21,582			22,439			22,917			23,274
Total assets		104,602			105,868			105,741			104,736			103,988
Transaction deposits		49,010			48,543			49,282			48,951			48,937
Core deposits		60,001			59,337			59,731			58,700			58,080
Wholesale funding		30,650			33,040			32,903			33,123			33,192
Shareholders’ equity		10,150			9,878			9,607			9,601			9,480
Regulatory Capital Ratios (c)
Tier I capital		8.36	%		8.64	%		8.56	%		8.56	%		8.35	%
Total risk-based capital		11.04	%		10.61	%		10.50	%		10.56	%		10.42	%
Tier I leverage		8.44	%		8.52	%		8.38	%		8.24	%		8.08	%
Operations
Banking centers		1,150			1,145			1,138			1,132			1,119
ATMs		2,096			2,114			2,034			2,025			2,024
Full-time equivalent employees		21,362			21,301			21,230			21,497			21,681

(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

9

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income

$ in millions

(unaudited)

	For the Three Months Ended							% Change				Year to Date					% Change Yr/Yr
	December 2006			September 2006		December 2005		Yr/Yr		Seq		December 2006			December 2005
Interest Income
Interest and fees on loans and leases	$	1,332		$	1,294	$	1,098	21	%	3	%	$	5,000		$	3,918	28	%
Interest on securities:
Taxable		192			231		243	(21	)%	(17	)%		904			1,032	(12	)%
Exempt from income taxes		7			7		9	(20	)%	(3	)%		30			39	(24	)%
Total interest on securities		199			238		252	(21	)%	(16	)%		934			1,071	(13	)%
Interest on other short-term investments		14			2		2	538	%	519	%		21			6	275	%
Total interest income		1,545			1,534		1,352	14	%	1	%		5,955			4,995	19	%
Interest Expense
Interest on deposits:
Interest checking		96			102		94	1	%	(6	)%		398			314	27	%
Savings		105			95		67	56	%	10	%		363			176	106	%
Money market		73			69		50	46	%	6	%		261			140	86	%
Other time		122			116		81	51	%	4	%		433			263	65	%
Certificates - $100,000 and over		88			81		40	118	%	8	%		278			129	116	%
Foreign office		34			47		37	(7	)%	(27	)%		177			126	40	%
Total interest on deposits		518			510		369	41	%	2	%		1,910			1,148	66	%
Interest on federal funds purchased		48			61		49	—		(21	)%		208			138	51	%
Interest on short-term bank notes		—			—		—	NM		NM			—			6	(100	)%
Interest on other short-term borrowings		52			45		36	43	%	15	%		194			138	40	%
Interest on long-term debt		189			205		170	11	%	(8	)%		770			600	28	%
Total interest expense		807			821		624	29	%	(2	)%		3,082			2,030	52	%
Net Interest Income		738			713		728	1	%	4	%		2,873			2,965	(3	)%
Provision for loan and lease losses		107			87		134	(20	)%	23	%		343			330	4	%
Net interest income after provision for loan and lease losses		631			626		594	6	%	1	%		2,530			2,635	(4	)%
Noninterest Income
Electronic payment processing revenue		232			218		204	14	%	6	%		857			748	15	%
Service charges on deposits		122			134		133	(8	)%	(9	)%		517			522	(1	)%
Mortgage banking net revenue		30			36		42	(28	)%	(17	)%		155			174	(11	)%
Investment advisory revenue		90			89		87	4	%	2	%		367			358	2	%
Corporate banking revenue		82			79		92	(11	)%	4	%		318			299	7	%
Other noninterest income		58			87		77	(24	)%	(33	)%		300			360	(17	)%
Securities gains (losses), net		(398	)		19		1	NM		NM			(364	)		39	NM
Securities gains, net - non-qualifying hedges on mortgage servicing rights		3			—		—	NM		NM			3			—	NM
Total noninterest income		219			662		636	(66	)%	(67	)%		2,153			2,500	(14	)%
Noninterest Expense
Salaries, wages and incentives		300			288		287	4	%	4	%		1,174			1,133	4	%
Employee benefits		61			74		65	(5	)%	(17	)%		292			283	3	%
Equipment expense		32			34		29	13	%	(5	)%		122			105	17	%
Net occupancy expense		65			63		59	10	%	3	%		245			221	11	%
Other noninterest expense		340			308		323	5	%	10	%		1,223			1,185	3	%
Total noninterest expense		798			767		763	5	%	4	%		3,056			2,927	4	%
Income before income taxes and cumulative effect		52			521		467	(89	)%	(90	)%		1,627			2,208	(26	)%
Applicable income taxes		(14	)		144		135	NM		NM			443			659	(33	)%
Income before cumulative effect		66			377		332	(80	)%	(82	)%		1,184			1,549	(24	)%
Cumulative effect of change in accounting principle, net of tax (b)		—			—		—	NM		NM			4			—	NM
Net income	$	66		$	377	$	332	(80	)%	(83	)%	$	1,188		$	1,549	(23	)%
Net income available to common shareholders (a)	$	66		$	377	$	332	(80	)%	(83	)%	$	1,188		$	1,548	(23	)%

(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

10

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	December 2006			September 2006		June 2006		March 2006		December 2005
Interest Income
Interest and fees on loans and leases	$	1,332		$	1,294	$	1,227	$	1,146	$	1,098
Interest on securities:
Taxable		192			231		239		242		243
Exempt from income taxes		7			7		8		8		9
Total interest on securities		199			238		247		250		252
Interest on other short-term investments		14			2		3		2		2
Total interest income		1,545			1,534		1,477		1,398		1,352
Taxable equivalent adjustment		6			6		6		7		7
Total interest income (taxable equivalent)		1,551			1,540		1,483		1,405		1,359
Interest Expense
Interest on deposits:
Interest checking		96			102		102		99		94
Savings		105			95		87		76		67
Money market		73			69		64		55		50
Other time		122			116		105		89		81
Certificates - $100,000 and over		88			81		61		48		40
Foreign office		34			47		52		44		37
Total interest on deposits		518			510		471		411		369
Interest on federal funds purchased		48			61		48		51		49
Interest on short-term bank notes		—			—		—		—		—
Interest on other short-term borrowings		52			45		52		44		36
Interest on long-term debt		189			205		196		181		170
Total interest expense		807			821		767		687		624
Net interest income (taxable equivalent)		744			719		716		718		735
Provision for loan and lease losses		107			87		71		78		134
Net interest income (taxable equivalent) after provision for loan and lease losses		637			632		645		640		601
Noninterest Income
Electronic payment processing revenue		232			218		211		196		204
Service charges on deposits		122			134		135		126		133
Mortgage banking net revenue		30			36		41		47		42
Investment advisory revenue		90			89		96		91		87
Corporate banking revenue		82			79		82		76		92
Other noninterest income		58			87		76		80		77
Securities gains (losses), net		(398	)		19		14		1		1
Securities gains, net - non-qualifying hedges on mortgage servicing rights		3			—		—		—		—
Total noninterest income		219			662		655		617		636
Noninterest Expense
Salaries, wages and incentives		300			288		303		284		287
Employee benefits		61			74		69		87		65
Equipment expense		32			34		29		27		29
Net occupancy expense		65			63		59		58		59
Other noninterest expense		340			308		299		275		323
Total noninterest expense		798			767		759		731		763
Income before income taxes and cumulative effect (taxable equivalent)		58			527		541		526		474
Taxable equivalent adjustment		6			6		6		7		7
Income before income taxes and cumulative effect		52			521		535		519		467
Applicable income taxes		(14	)		144		153		160		135
Income before cumulative effect		66			377		382		359		332
Cumulative effect of change in accounting principle, net of tax (b)		—			—		—		4		—
Net income	$	66		$	377	$	382	$	363	$	332
Net income available to common shareholders (a)	$	66		$	377	$	382	$	363	$	332

(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

11

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	December 2006			September 2006			December 2005			Yr/Yr		Seq
Assets
Cash and due from banks	$	2,737		$	2,399		$	3,078		(11	)%	14	%
Available-for-sale and other securities (a)		11,053			19,514			21,924		(50	)%	(43	)%
Held-to-maturity securities (b)		356			359			389		(8	)%	(1	)%
Trading securities		187			164			117		59	%	14	%
Other short-term investments		809			125			158		411	%	547	%
Loans held for sale		1,150			872			1,304		(12	)%	32	%
Portfolio loans and leases:
Commercial loans		20,725			21,150			19,174		8	%	(2	)%
Construction loans		6,847			6,597			7,037		(3	)%	4	%
Commercial mortgage loans		10,405			9,879			9,188		13	%	5	%
Commercial lease financing		4,984			4,895			4,852		3	%	2	%
Residential mortgage loans		8,151			8,093			7,152		14	%	1	%
Consumer loans		23,311			22,834			22,084		6	%	2	%
Consumer lease financing		1,176			1,287			1,751		(33	)%	(9	)%
Unearned income		(1,246	)		(1,255	)		(1,313	)	(5	)%	(1	)%
Portfolio loans and leases		74,353			73,480			69,925		6	%	1	%
Allowance for loan and lease losses		(771	)		(761	)		(744	)	4	%	1	%
Portfolio loans and leases, net		73,582			72,719			69,181		6	%	1	%
Bank premises and equipment		1,940			1,902			1,726		12	%	2	%
Operating lease equipment		202			142			143		41	%	42	%
Goodwill		2,193			2,193			2,169		1	%	—
Intangible assets		166			175			208		(20	)%	(5	)%
Servicing rights		524			504			441		19	%	4	%
Other assets		5,770			4,760			4,387		32	%	21	%
Total assets	$	100,669		$	105,828		$	105,225		(4	)%	(5	)%
Liabilities
Deposits:
Demand	$	14,331		$	13,883		$	14,609		(2	)%	3	%
Interest checking		15,993			15,855			18,282		(13	)%	1	%
Savings		13,181			12,392			11,276		17	%	6	%
Money market		6,584			6,462			6,129		7	%	2	%
Other time		10,987			10,818			9,313		18	%	2	%
Certificates - $100,000 and over		6,628			6,871			4,343		53	%	(4	)%
Foreign office		1,676			2,362			3,482		(52	)%	(29	)%
Total deposits		69,380			68,643			67,434		3	%	1	%
Federal funds purchased		1,421			5,434			5,323		(73	)%	(74	)%
Short-term bank notes		—			—			—		NM		NM
Other short-term borrowings		2,796			3,833			4,246		(34	)%	(27	)%
Accrued taxes, interest and expenses		2,283			2,156			2,142		7	%	6	%
Other liabilities		2,209			1,570			1,407		57	%	41	%
Long-term debt		12,558			14,170			15,227		(18	)%	(11	)%
Total liabilities		90,647			95,806			95,779		(5	)%	(5	)%
Total shareholders’ equity (c)		10,022			10,022			9,446		6	%	—
Total liabilities and shareholders’ equity	$	100,669		$	105,828		$	105,225		(4	)%	(5	)%
(a) Amortized cost	$	11,236		$	20,103		$	22,533		(50	)%	(44	)%
(b) Market values		356			359			389		(8	)%	(1	)%
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		1,300,000			1,300,000			1,300,000		—		—
Outstanding, excluding treasury		556,253			558,066			555,623		—		—
Treasury		27,174			25,361			27,804		(2	)%	7	%

12

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	December 2006			September 2006			June 2006			March 2006			December 2005
Assets
Cash and due from banks	$	2,737		$	2,399		$	2,670		$	2,494		$	3,078
Available-for-sale and other securities (a)		11,053			19,514			20,345			21,276			21,924
Held-to-maturity securities (b)		356			359			358			365			389
Trading securities		187			164			173			156			117
Other short-term investments		809			125			207			159			158
Loans held for sale		1,150			872			931			744			1,304
Portfolio loans and leases:
Commercial loans		20,725			21,150			20,618			19,878			19,174
Construction loans		6,847			6,597			6,698			6,600			7,037
Commercial mortgage loans		10,405			9,879			9,792			9,861			9,188
Commercial lease financing		4,984			4,895			4,899			4,911			4,852
Residential mortgage loans		8,151			8,093			7,875			7,708			7,152
Consumer loans		23,311			22,834			22,556			22,210			22,084
Consumer lease financing		1,176			1,287			1,420			1,577			1,751
Unearned income		(1,246	)		(1,255	)		(1,281	)		(1,323	)		(1,313	)
Portfolio loans and leases		74,353			73,480			72,577			71,422			69,925
Allowance for loan and lease losses		(771	)		(761	)		(753	)		(749	)		(744	)
Portfolio loans and leases, net		73,582			72,719			71,824			70,673			69,181
Bank premises and equipment		1,940			1,902			1,853			1,798			1,726
Operating lease equipment		202			142			150			137			143
Goodwill		2,193			2,193			2,194			2,194			2,169
Intangible assets		166			175			185			189			208
Servicing rights		524			504			489			468			441
Other assets		5,770			4,760			4,732			4,391			4,387
Total assets	$	100,669		$	105,828		$	106,111		$	105,044		$	105,225
Liabilities
Deposits:
Demand	$	14,331		$	13,883		$	14,078		$	14,134		$	14,609
Interest checking		15,993			15,855			16,788			17,511			18,282
Savings		13,181			12,392			12,061			11,902			11,276
Money market		6,584			6,462			6,505			6,399			6,129
Other time		10,987			10,818			10,627			10,105			9,313
Certificates - $100,000 and over		6,628			6,871			5,691			5,085			4,343
Foreign office		1,676			2,362			4,773			3,874			3,482
Total deposits		69,380			68,643			70,523			69,010			67,434
Federal funds purchased		1,421			5,434			2,493			3,715			5,323
Short-term bank notes		—			—			—			—			—
Other short-term borrowings		2,796			3,833			5,275			4,472			4,246
Accrued taxes, interest and expenses		2,283			2,156			1,995			2,169			2,142
Other liabilities		2,209			1,570			1,767			1,463			1,407
Long-term debt		12,558			14,170			14,502			14,746			15,227
Total liabilities		90,647			95,806			96,555			95,575			95,779
Total shareholders’ equity (c)		10,022			10,022			9,556			9,469			9,446
Total liabilities and shareholders’ equity	$	100,669		$	105,828		$	106,111		$	105,044		$	105,225
(a) Amortized cost	$	11,236		$	20,103		$	21,376		$	22,127		$	22,533
(b) Market values		356			359			358			365			389
(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		556,253			558,066			557,894			556,501			555,623
Treasury		27,174			25,361			25,533			26,926			27,804

13

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Shareholders’ Equity

$ in millions

(unaudited)

	For the Three Months Ended						Year to Date
	December 2006			December 2005			December 2006			December 2005
Total shareholders’ equity, beginning	$	10,022		$	9,385		$	9,446		$	8,924
Net income		66			332			1,188			1,549
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		263			(99	)		276			(323	)
Qualifying cash flow hedges		4			4			12			20
Change in additional pension liability		(54	)		(1	)		(54	)		59
Comprehensive income		279			236			1,422			1,305
Cash dividends declared:
Common stock		(222	)		(211	)		(880	)		(810	)
Preferred stock (a)		—			—			(1	)		(1	)
Stock-based awards exercised, including treasury shares issued		5			30			35			85
Stock-based compensation expense		16			12			71			65
Loans repaid (issued) related to exercise of stock-based awards, net		1			3			8			11
Change in corporate tax benefit related to stock-based compensation		1			(9	)		(1	)		6
Shares acquired for treasury		(81	)		(1	)		(82	)		(1,649	)
Shares issued in business combination		—			—			—			1,509
Other		1			1			4			1
Total shareholders’ equity, ending	$	10,022		$	9,446		$	10,022		$	9,446

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

14

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	December 2006			September 2006			December 2005			Yr/Yr		Seq
Assets
Interest-earning assets:
Loans and leases	$	75,262		$	73,938		$	70,489		7	%	2	%
Taxable securities		16,685			20,836			22,376		(25	)%	(20	)%
Tax exempt securities		568			587			698		(19	)%	(3	)%
Other short-term investments		1,009			159			200		406	%	533	%
Total interest-earning assets		93,524			95,520			93,763		—		(2	)%
Cash and due from banks		2,398			2,355			2,847		(16	)%	2	%
Other assets		9,440			8,745			8,105		16	%	8	%
Allowance for loan and lease losses		(760	)		(752	)		(727	)	5	%	1	%
Total assets	$	104,602		$	105,868		$	103,988		1	%	(1	)%
Liabilities
Interest-bearing liabilities:
Interest checking	$	15,744		$	16,251		$	17,828		(12	)%	(3	)%
Savings		12,812			12,279			11,036		16	%	4	%
Money market		6,572			6,371			5,974		10	%	3	%
Other time		10,991			10,794			9,143		20	%	2	%
Certificates - $100,000 and over		6,750			6,415			4,354		55	%	5	%
Foreign office		2,758			3,668			3,703		(26	)%	(25	)%
Federal funds purchased		3,615			4,546			4,771		(24	)%	(20	)%
Short-term bank notes		—			—			—		NM		NM
Other short-term borrowings		4,468			4,056			4,408		1	%	10	%
Long-term debt		13,059			14,355			15,956		(18	)%	(9	)%
Total interest-bearing liabilities		76,769			78,735			77,173		(1	)%	(2	)%
Demand deposits		13,882			13,642			14,099		(2	)%	2	%
Other liabilities		3,801			3,613			3,236		17	%	5	%
Total liabilities		94,452			95,990			94,508		—		(2	)%
Shareholders’ equity		10,150			9,878			9,480		7	%	3	%
Total liabilities and shareholders’ equity	$	104,602		$	105,868		$	103,988		1	%	(1	)%
Average common shares outstanding (in thousands):
Basic		554,978			555,565			553,591		—		—
Diluted		557,654			557,949			556,322		—		—
Yield Analysis
Interest-earning assets:
Loans and leases		7.03	%		6.96	%		6.20	%
Taxable securities		4.57	%		4.39	%		4.31	%
Tax exempt securities		7.30	%		7.29	%		7.51	%
Other short-term investments		5.56	%		5.69	%		4.41	%
Total interest-earning assets		6.58	%		6.40	%		5.75	%
Interest-bearing liabilities:
Interest checking		2.41	%		2.49	%		2.10	%
Savings		3.24	%		3.08	%		2.41	%
Money market		4.40	%		4.30	%		3.32	%
Other time		4.46	%		4.24	%		3.50	%
Certificates - $100,000 and over		5.15	%		5.03	%		3.66	%
Foreign office		4.91	%		5.05	%		3.92	%
Federal funds purchased		5.31	%		5.33	%		4.04	%
Short-term bank notes		—			—			—
Other short-term borrowings		4.61	%		4.42	%		3.27	%
Long-term debt		5.70	%		5.66	%		4.25	%
Total interest-bearing liabilities		4.17	%		4.14	%		3.21	%
Ratios:
Net interest margin (taxable equivalent)		3.16	%		2.99	%		3.11	%
Net interest rate spread (taxable equivalent)		2.41	%		2.26	%		2.54	%
Interest-bearing liabilities to interest-earning assets		82.08	%		82.43	%		82.31	%

15

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	Year to Date						% Change Yr/Yr
	December 2006			December 2005
Assets
Interest-earning assets:
Loans and leases	$	73,493		$	67,737		8	%
Taxable securities		20,306			24,017		(15	)%
Tax exempt securities		604			789		(23	)%
Other short-term investments		378			193		96	%
Total interest-earning assets		94,781			92,736		2	%
Cash and due from banks		2,495			2,758		(10	)%
Other assets		8,713			8,102		8	%
Allowance for loan and lease losses		(751	)		(720	)	4	%
Total assets	$	105,238		$	102,876		2	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	16,650		$	18,884		(12	)%
Savings		12,189			10,007		22	%
Money market		6,366			5,170		23	%
Other time		10,500			8,491		24	%
Certificates - $100,000 and over		5,795			4,001		45	%
Foreign office		3,711			3,967		(6	)%
Federal funds purchased		4,148			4,225		(2	)%
Short-term bank notes		—			248		(100	)%
Other short-term borrowings		4,522			5,038		(10	)%
Long-term debt		14,247			16,384		(13	)%
Total interest-bearing liabilities		78,128			76,415		2	%
Demand deposits		13,741			13,868		(1	)%
Other liabilities		3,558			3,276		9	%
Total liabilities		95,427			93,559		2	%
Shareholders’ equity		9,811			9,317		5	%
Total liabilities and shareholders’ equity	$	105,238		$	102,876		2	%
Average common shares outstanding (in thousands):
Basic		554,983			554,411		—
Diluted		557,494			558,443		—
Yield Analysis
Interest-earning assets:
Loans and leases		6.82	%		5.80	%
Taxable securities		4.45	%		4.30	%
Tax exempt securities		7.38	%		7.39	%
Other short-term investments		5.52	%		2.89	%
Total interest-earning assets		6.31	%		5.42	%
Interest-bearing liabilities:
Interest checking		2.39	%		1.66	%
Savings		2.98	%		1.76	%
Money market		4.10	%		2.71	%
Other time		4.12	%		3.09	%
Certificates - $100,000 and over		4.80	%		3.22	%
Foreign office		4.76	%		3.17	%
Federal funds purchased		5.02	%		3.26	%
Short-term bank notes		—			2.60	%
Other short-term borrowings		4.28	%		2.74	%
Long-term debt		5.40	%		3.66	%
Total interest-bearing liabilities		3.94	%		2.66	%
Ratios:
Net interest margin (taxable equivalent)		3.06	%		3.23	%
Net interest rate spread (taxable equivalent)		2.37	%		2.76	%
Interest-bearing liabilities to interest-earning assets		82.43	%		82.40	%

16

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	December 2006			September 2006			June 2006			March 2006			December 2005
Assets
Interest-earning assets:
Loans and leases	$	75,262		$	73,938		$	73,093		$	71,634		$	70,489
Taxable securities		16,685			20,836			21,642			22,116			22,376
Tax exempt securities		568			587			616			644			698
Other short-term investments		1,009			159			181			157			200
Total interest-earning assets		93,524			95,520			95,532			94,551			93,763
Cash and due from banks		2,398			2,355			2,564			2,668			2,847
Other assets		9,440			8,745			8,393			8,261			8,105
Allowance for loan and lease losses		(760	)		(752	)		(748	)		(744	)		(727	)
Total assets	$	104,602		$	105,868		$	105,741		$	104,736		$	103,988
Liabilities
Interest-bearing liabilities:
Interest checking	$	15,744		$	16,251		$	17,025		$	17,603		$	17,828
Savings		12,812			12,279			12,064			11,588			11,036
Money market		6,572			6,371			6,429			6,086			5,974
Other time		10,991			10,794			10,449			9,749			9,143
Certificates - $100,000 and over		6,750			6,415			5,316			4,670			4,354
Foreign office		2,758			3,668			4,382			4,050			3,703
Federal funds purchased		3,615			4,546			3,886			4,553			4,771
Short-term bank notes		—			—			—			—			—
Other short-term borrowings		4,468			4,056			4,854			4,718			4,408
Long-term debt		13,059			14,355			14,465			15,132			15,956
Total interest-bearing liabilities		76,769			78,735			78,870			78,149			77,173
Demand deposits		13,882			13,642			13,764			13,674			14,099
Other liabilities		3,801			3,613			3,500			3,312			3,236
Total liabilities		94,452			95,990			96,134			95,135			94,508
Shareholders’ equity		10,150			9,878			9,607			9,601			9,480
Total liabilities and shareholders’ equity	$	104,602		$	105,868		$	105,741		$	104,736		$	103,988
Average common shares outstanding (in thousands):
Basic		554,978			555,565			554,978			554,398			553,591
Diluted		557,654			557,949			557,489			556,869			556,322
Yield Analysis
Interest-earning assets:
Loans and leases		7.03	%		6.96	%		6.75	%		6.51	%		6.20	%
Taxable securities		4.57	%		4.39	%		4.43	%		4.44	%		4.31	%
Tax exempt securities		7.30	%		7.29	%		7.33	%		7.59	%		7.51	%
Other short-term investments		5.56	%		5.69	%		5.60	%		4.98	%		4.41	%
Total interest-earning assets		6.58	%		6.40	%		6.23	%		6.03	%		5.75	%
Interest-bearing liabilities:
Interest checking		2.41	%		2.49	%		2.39	%		2.28	%		2.10	%
Savings		3.24	%		3.08	%		2.90	%		2.67	%		2.41	%
Money market		4.40	%		4.30	%		4.01	%		3.64	%		3.32	%
Other time		4.46	%		4.24	%		4.00	%		3.74	%		3.50	%
Certificates - $100,000 and over		5.15	%		5.03	%		4.64	%		4.15	%		3.66	%
Foreign office		4.91	%		5.05	%		4.77	%		4.39	%		3.92	%
Federal funds purchased		5.31	%		5.33	%		4.97	%		4.50	%		4.04	%
Short-term bank notes		—			—			—			—			—
Other short-term borrowings		4.61	%		4.42	%		4.31	%		3.82	%		3.27	%
Long-term debt		5.70	%		5.66	%		5.45	%		4.85	%		4.25	%
Total interest-bearing liabilities		4.17	%		4.14	%		3.90	%		3.57	%		3.21	%
Ratios:
Net interest margin (taxable equivalent)		3.16	%		2.99	%		3.01	%		3.08	%		3.11	%
Net interest rate spread (taxable equivalent)		2.41	%		2.26	%		2.33	%		2.46	%		2.54	%
Interest-bearing liabilities to interest-earning assets		82.08	%		82.43	%		82.56	%		82.65	%		82.31	%

17

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	December 2006		September 2006		June 2006		March 2006		December 2005
Average Loans and Leases (including unearned income)
Commercial:
Commercial loans	$	21,108	$	20,769	$	20,239	$	19,461	$	18,909
Commercial mortgage		9,929		9,833		9,980		9,441		9,159
Commercial construction		6,099		5,913		5,840		6,211		6,051
Commercial leases		3,762		3,740		3,729		3,686		3,611
Subtotal - commercial		40,898		40,255		39,788		38,799		37,730
Consumer:
Residential mortgage		9,334		8,967		8,756		8,351		8,444
Residential construction		704		733		735		706		673
Credit card		1,035		979		897		855		825
Home equity		12,435		12,366		12,193		12,072		11,884
Other consumer loans		9,714		9,384		9,340		9,311		9,251
Consumer leases		1,142		1,254		1,384		1,540		1,682
Subtotal - consumer		34,364		33,683		33,305		32,835		32,759
Total average loans and leases	$	75,262	$	73,938	$	73,093	$	71,634	$	70,489
End of Period Loans and Leases Serviced
Commercial:
Commercial loans	$	20,725	$	21,150	$	20,618	$	19,878	$	19,174
Commercial mortgage		10,405		9,879		9,792		9,861		9,188
Commercial construction		6,168		5,879		5,950		5,883		6,342
Commercial leases		3,841		3,751		3,740		3,726		3,695
Subtotal - commercial		41,139		40,659		40,100		39,348		38,399
Consumer:
Residential mortgage		8,151		8,093		7,875		7,708		7,152
Residential construction		679		718		748		717		695
Credit card		1,110		986		945		851		866
Home equity		12,364		12,429		12,277		12,087		12,000
Other consumer loans		9,837		9,420		9,334		9,272		9,218
Consumer leases		1,073		1,175		1,298		1,439		1,595
Subtotal - consumer		33,214		32,821		32,477		32,074		31,526
Total portfolio loans and leases		74,353		73,480		72,577		71,422		69,925
Loans held for sale		1,150		872		931		744		1,304
Operating lease equipment		202		142		150		137		143
Loans and Leases Serviced for Others:
Residential mortgage (a)		28,688		27,823		27,057		26,399		25,669
Commercial mortgage (b)		769		756		890		2,183		2,126
Commercial loans (c)		3,390		3,404		3,332		3,182		2,744
Commercial leases (b)		263		256		258		271		264
Consumer loans (d)		520		596		677		774		871
Total loans and leases serviced for others		33,630		32,835		32,214		32,809		31,674
Total loans and leases serviced	$	109,335	$	107,329	$	105,872	$	105,112	$	103,046

(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

18

Fifth Third Bancorp and Subsidiaries

Regulatory Capital (a)

$ in millions

(unaudited)

	As of
	December 2006			September 2006			June 2006			March 2006			December 2005
Tier I capital:
Shareholders’ equity	$	10,022		$	10,022		$	9,556		$	9,469		$	9,446
Goodwill and certain other intangibles		(2,339	)		(2,345	)		(2,351	)		(2,357	)		(2,377	)
Unrealized (gains) losses		176			385			674			561			405
Other		763			748			781			761			735
Total tier I capital	$	8,622		$	8,810		$	8,660		$	8,434		$	8,209
Total risk-based capital:
Tier I capital	$	8,622		$	8,810		$	8,660		$	8,434		$	8,209
Qualifying allowance for credit losses		867			857			849			840			838
Qualifying subordinated notes		1,893			1,150			1,108			1,126			1,193
Total risk-based capital	$	11,382		$	10,817		$	10,617		$	10,400		$	10,240
Risk-weighted assets	$	103,124		$	101,940		$	101,126		$	98,511		$	98,293
Ratios:
Average shareholders’ equity to average assets		9.70	%		9.33	%		9.09	%		9.17	%		9.12	%
Regulatory capital:
Tier I capital		8.36	%		8.64	%		8.56	%		8.56	%		8.35	%
Total risk-based capital		11.04	%		10.61	%		10.50	%		10.56	%		10.42	%
Tier I leverage		8.44	%		8.52	%		8.38	%		8.24	%		8.08	%

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

19

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	December 2006			September 2006			June 2006			March 2006			December 2005
Summary of Credit Loss Experience
Losses charged off:
Commercial loans	$	(37	)	$	(29	)	$	(31	)	$	(35	)	$	(35	)
Commercial mortgage loans		(11	)		(8	)		(5	)		(2	)		(3	)
Construction loans		(4	)		(1	)		(3	)		—			(3	)
Residential mortgage loans		(7	)		(5	)		(6	)		(4	)		(5	)
Consumer loans		(55	)		(50	)		(46	)		(50	)		(58	)
Commercial lease financing		(1	)		—			(2	)		(1	)		(28	)
Consumer lease financing		(3	)		(3	)		(3	)		(4	)		(5	)
Total losses		(118	)		(96	)		(96	)		(96	)		(137	)
Recoveries of losses previously charged off:
Commercial loans		8			4			9			3			10
Commercial mortgage loans		—			1			1			—			1
Construction loans		—			—			—			—			—
Residential mortgage loans		—			—			—			—			—
Consumer loans		11			10			16			15			8
Commercial lease financing		1			1			1			2			—
Consumer lease financing		1			1			2			3			1
Total recoveries		21			17			29			23			20
Net losses charged off:
Commercial loans		(29	)		(25	)		(22	)		(32	)		(25	)
Commercial mortgage loans		(11	)		(7	)		(4	)		(2	)		(2	)
Construction loans		(4	)		(1	)		(3	)		—			(3	)
Residential mortgage loans		(7	)		(5	)		(6	)		(4	)		(5	)
Consumer loans		(44	)		(40	)		(30	)		(35	)		(50	)
Commercial lease financing		—			1			(1	)		1			(28	)
Consumer lease financing		(2	)		(2	)		(1	)		(1	)		(4	)
Total net losses charged off	$	(97	)	$	(79	)	$	(67	)	$	(73	)	$	(117	)
Allowance for loan and lease losses, beginning	$	761		$	753		$	749		$	744		$	727
Total net losses charged off		(97	)		(79	)		(67	)		(73	)		(117	)
Provision for loan and lease losses		107			87			71			78			134
Allowance for loan and lease losses, ending	$	771		$	761		$	753		$	749		$	744
Reserve for unfunded commitments, beginning	$	76		$	74		$	69		$	70		$	69
Provision for unfunded commitments		—			2			5			(1	)		1
Acquisitions		—			—			—			—			—
Reserve for unfunded commitments, ending	$	76		$	76		$	74		$	69		$	70
Components of allowance for credit losses:
Allowance for loan and lease losses	$	771		$	761		$	753		$	749		$	744
Reserve for unfunded commitments		76			76			74			69			70
Total allowance for credit losses	$	847		$	837		$	827		$	818		$	814
Nonperforming Assets and Delinquent Loans
Nonaccrual loans and leases (a)	$	352		$	320		$	281		$	291		$	294
Renegotiated loans and leases		—			—			—			—			—
Other assets, including other real estate owned		103			91			77			73			67
Total nonperforming assets	$	455		$	411		$	358		$	364		$	361
Ninety days past due loans and leases (a)	$	210		$	196		$	191		$	160		$	155
Ratios
Net losses charged off as a percent of average loans and leases		0.52	%		0.43	%		0.37	%		0.42	%		0.67	%
Allowance for loan and lease losses as a percent of loans and leases		1.04	%		1.04	%		1.04	%		1.05	%		1.06	%
Allowance for credit losses as a percent of loans and leases		1.14	%		1.14	%		1.14	%		1.14	%		1.16	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned		0.61	%		0.56	%		0.49	%		0.51	%		0.52	%

(a) Nonaccrual includes $33 million and Ninety Days Past Due includes $56 million of residential mortgage loans as of December 31, 2006.

20

EX-99.2

	January 2007
	Exhibit 99.2
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

1

Quarterly Data

	Three Months Ended
	December 31, 2006		September 30, 2006		June 30, 2006		March 31, 2006		December 31, 2005		September 30, 2005		June 30, 2005		March 31, 2005
Ratios (percent)
Return on average assets		0.25		1.41		1.45		1.41		1.27		1.51		1.63		1.62
Return on average equity		2.6		15.1		16.0		15.3		13.9		16.6		18.1		18.0
Average equity as a percent of average assets		9.70		9.33		9.09		9.17		9.12		9.11		8.98		9.02
Net interest margin (a)		3.16		2.99		3.01		3.08		3.11		3.16		3.29		3.38
Efficiency (a)		82.9		55.5		55.3		54.7		55.6		53.5		52.2		51.6
Net losses charged off as a percent of average loans and leases		0.52		0.43		0.37		0.42		0.67		0.38		0.34		0.40
Allowance for loan and lease losses as a percent of loans and leases		1.04		1.04		1.04		1.05		1.06		1.06		1.09		1.11
Allowance for credit losses as a percent of loans and leases		1.14		1.14		1.14		1.14		1.16		1.16		1.20		1.21
Nonperforming assets as a percent of loans, leases and other assets, including OREO		0.61		0.56		0.49		0.51		0.52		0.51		0.51		0.53
Allowance for loan and lease losses as a percent of nonperforming assets		169.62		185.04		210.37		205.78		206.03		207.39		212.17		209.01
Allowance for credit losses as a percent of nonperforming assets		186.33		203.39		230.94		224.76		225.33		226.99		232.88		228.64
Common Share Data
Earnings per share	$	0.12	$	0.68	$	0.69	$	0.66	$	0.60	$	0.71	$	0.75	$	0.73
Earnings per diluted share		0.12		0.68		0.69		0.65		0.60		0.71		0.75		0.72
Cash dividends per common share		0.40		0.40		0.40		0.38		0.38		0.38		0.35		0.35
Book value per share		18.02		17.96		17.13		17.01		17.00		16.93		16.82		16.04
Common shares outstanding, excluding treasury		556,252,674		558,066,338		557,894,188		556,500,991		555,623,430		554,400,091		555,938,071		554,054,749
Market price per share:
High	$	41.57	$	40.18	$	41.02	$	41.43	$	42.50	$	43.99	$	44.67	$	48.12
Low		37.75		35.95		35.86		36.30		35.04		36.38		40.24		42.05
End of period		40.93		38.08		36.95		39.36		37.72		36.75		41.17		42.98
Price/earnings ratio (b)		19.13		14.53		13.94		14.52		13.57		14.76		15.77		16.22
Supplemental Data
Common dividends declared ($ in millions)	$	222	$	223	$	223	$	211	$	211	$	210	$	195	$	194
Full-time equivalent employees		21,362		21,301		21,230		21,497		21,681		21,674		21,594		21,287
Banking centers		1,150		1,145		1,138		1,132		1,119		1,106		1,098		1,092
ATMs		2,096		2,114		2,034		2,025		2,024		1,996		1,994		1,988

(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
	December 31, 2006			September 30, 2006			June 30, 2006			March 31, 2006			December 31, 2005			September 30, 2005			June 30, 2005			March 31, 2005
Income Statement ($ in millions)
Interest income (FTE)	$	1,551		$	1,540		$	1,483		$	1,405		$	1,359		$	1,291		$	1,223		$	1,153
Interest expense		807			821			767			687			624			546			465			394
Net interest income (FTE)		744			719			716			718			735			745			758			759
Provision for loan and lease losses		107			87			71			78			134			69			60			67
Noninterest income:
Electronic payment processing revenue		232			218			211			196			204			190			183			171
Service charges on deposits		122			134			135			126			133			137			132			121
Mortgage banking net revenue		30			36			41			47			42			45			46			41
Investment advisory revenue		90			89			96			91			87			89			92			90
Corporate banking revenue		82			79			82			76			92			71			74			62
Other noninterest income		58			87			76			80			77			82			93			108
Securities gains (losses), net		(398	)		19			14			1			1			8			15			14
Securities gains, net - non-qualifying hedges on mortgage servicing rights		3			—			—			—			—			—			—			—
Total noninterest income		219			662			655			617			636			622			635			607
Noninterest expense:
Salaries, wages and incentives		300			288			303			284			287			285			295			265
Employee benefits		61			74			69			87			65			70			67			82
Equipment expense		32			34			29			27			29			26			25			25
Net occupancy expense		65			63			59			58			59			54			54			54
Deposit insurance expense		2			2			2			2			2			2			2			2
Other noninterest expense		338			306			297			273			321			295			285			277
Total noninterest expense		798			767			759			731			763			732			728			705
Income before income taxes and cumulative effect (FTE)		58			527			541			526			474			566			605			594
Taxable equivalent adjustment		6			6			6			7			7			8			8			8
Income before income taxes and cumulative effect		52			521			535			519			467			558			597			586
Applicable income taxes		(14	)		144			153			160			135			163			180			181
Income before cumulative effect		66			377			382			359			332			395			417			405
Cumulative effect of change in accounting principle, net of tax		—			—			—			4			—			—			—			—
Net income	$	66		$	377		$	382		$	363		$	332		$	395		$	417		$	405
Net income available to common shareholders (a)	$	66		$	377		$	382		$	363		$	332		$	395		$	417		$	404
Regulatory Capital Data ($ in millions) (b)
Tier I capital	$	8,622		$	8,810		$	8,660		$	8,434		$	8,209		$	8,030		$	7,783		$	7,509
Tier II capital		2,760			2,007			1,957			1,966			2,031			2,016			2,131			2,125
Total risk-based capital	$	11,382		$	10,817		$	10,617		$	10,400		$	10,240		$	10,046		$	9,914		$	9,634
Risk-weighted assets	$	103,124		$	101,940		$	101,126		$	98,511		$	98,293		$	95,316		$	91,791		$	89,401
Tier I capital ratio		8.36	%		8.64	%		8.56	%		8.56	%		8.35	%		8.42	%		8.48	%		8.40	%
Total risk-based capital ratio		11.04	%		10.61	%		10.50	%		10.56	%		10.42	%		10.54	%		10.80	%		10.78	%
Tier I leverage ratio		8.44	%		8.52	%		8.38	%		8.24	%		8.08	%		7.93	%		7.76	%		7.62	%

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

(b) December 31, 2006 regulatory capital data and ratios are estimated.

3

Quarterly Data

	As of
	December 31, 2006			September 30, 2006			June 30, 2006			March 31, 2006			December 31, 2005			September 30, 2005			June 30, 2005			March 31, 2005
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,737		$	2,399		$	2,670		$	2,494		$	3,078		$	3,372		$	2,781		$	2,420
Available-for-sale and other securities		11,053			19,514			20,345			21,276			21,924			22,537			24,647			25,101
Held-to-maturity securities		356			359			358			365			389			332			307			303
Trading securities		187			164			173			156			117			105			84			128
Other short-term investments		809			125			207			159			158			113			113			1,213
Total cash and securities		15,142			22,561			23,753			24,450			25,666			26,459			27,932			29,165
Loans held for sale		1,150			872			931			744			1,304			1,237			783			809
Portfolio loans and leases		74,353			73,480			72,577			71,422			69,925			68,754			66,296			64,902
Total loans and leases		75,503			74,352			73,508			72,166			71,229			69,991			67,079			65,711
Allowance for loan and lease losses		(771	)		(761	)		(753	)		(749	)		(744	)		(727	)		(722	)		(717	)
Bank premises and equipment		1,940			1,902			1,853			1,798			1,726			1,643			1,581			1,529
Operating lease equipment		202			142			150			137			143			159			161			224
Goodwill		2,193			2,193			2,194			2,194			2,169			2,176			2,178			2,167
Intangible assets		166			175			185			189			208			220			231			243
Servicing rights		524			504			489			468			441			417			378			378
Other real estate owned		88			80			69			68			54			52			52			60
Other assets		5,682			4,680			4,663			4,323			4,333			4,218			4,290			3,953
Total assets	$	100,669		$	105,828		$	106,111		$	105,044		$	105,225		$	104,608		$	103,160		$	102,713
Liabilities
Deposits:
Demand	$	14,331		$	13,883		$	14,078		$	14,134		$	14,609		$	14,294		$	14,393		$	13,960
Interest checking		15,993			15,855			16,788			17,511			18,282			18,169			18,811			19,722
Savings		13,181			12,392			12,061			11,902			11,276			10,437			9,653			9,711
Money market		6,584			6,462			6,505			6,399			6,129			5,855			4,732			4,777
Other time		10,987			10,818			10,627			10,105			9,313			8,867			8,513			8,017
Certificates - $100,000 and over		6,628			6,871			5,691			5,085			4,343			4,195			3,986			3,867
Foreign office		1,676			2,362			4,773			3,874			3,482			3,678			3,089			5,257
Total deposits		69,380			68,643			70,523			69,010			67,434			65,495			63,177			65,311
Federal funds purchased		1,421			5,434			2,493			3,715			5,323			3,548			4,523			2,669
Short-term bank notes		—			—			—			—			—			—			—			775
Other short-term borrowings		2,796			3,833			5,275			4,472			4,246			6,075			4,972			4,925
Other liabilities		4,492			3,726			3,762			3,632			3,549			3,583			3,641			3,824
Long-term debt		12,558			14,170			14,502			14,746			15,227			16,522			17,494			16,321
Total liabilities		90,647			95,806			96,555			95,575			95,779			95,223			93,807			93,825
Shareholders’ Equity
Common and preferred equity		11,433			11,576			11,411			11,274			11,138			11,038			10,762			10,569
Additional minimum pension liability		(59	)		(5	)		(5	)		(5	)		(5	)		(4	)		(4	)		(4	)
Net unrealized gains (losses):
Available-for-sale securities		(119	)		(382	)		(670	)		(553	)		(395	)		(296	)		(107	)		(295	)
Qualifying cash flow hedges		(1	)		(5	)		(8	)		(10	)		(13	)		(17	)		(24	)		(24	)
Treasury stock, at cost		(1,232	)		(1,162	)		(1,172	)		(1,237	)		(1,279	)		(1,336	)		(1,274	)		(1,358	)
Total shareholders’ equity	$	10,022		$	10,022		$	9,556		$	9,469		$	9,446		$	9,385		$	9,353		$	8,888
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		556,252,674			558,066,338			557,894,188			556,500,991			555,623,430			554,400,091			555,938,071			554,054,749
Treasury shares held		27,174,430			25,360,766			25,532,916			26,926,113			27,803,674			29,027,013			27,489,033			29,372,355

4

Quarterly Data

	Three Months Ended
	December 31, 2006			September 30, 2006			June 30, 2006			March 31, 2006			December 31, 2005			September 30, 2005			June 30, 2005			March 31, 2005
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	75,262		$	73,938		$	73,093		$	71,634		$	70,489		$	68,556		$	66,762		$	65,076
Taxable securities		16,685			20,836			21,642			22,116			22,376			24,013			24,771			24,935
Tax exempt securities		568			587			616			644			698			787			815			856
Other short-term investments		1,009			159			181			157			200			115			130			328
Total interest-earning assets		93,524			95,520			95,532			94,551			93,763			93,471			92,478			91,195
Cash and due from banks		2,398			2,355			2,564			2,668			2,847			2,742			2,822			2,619
Other assets		9,440			8,745			8,393			8,261			8,105			8,207			8,182			7,909
Allowance for loan and lease losses		(760	)		(752	)		(748	)		(744	)		(727	)		(721	)		(717	)		(714	)
Total assets	$	104,602		$	105,868		$	105,741		$	104,736		$	103,988		$	103,699		$	102,765		$	101,009
Liabilities
Interest-bearing liabilities:
Interest checking	$	15,744		$	16,251		$	17,025		$	17,603		$	17,828		$	18,498		$	19,267		$	19,972
Savings		12,812			12,279			12,064			11,588			11,036			9,939			9,697			9,339
Money market		6,572			6,371			6,429			6,086			5,974			5,154			4,755			4,786
Other time		10,991			10,794			10,449			9,749			9,143			8,730			8,286			7,787
Certificates - $100,000 and over		6,750			6,415			5,316			4,670			4,354			4,156			3,946			3,539
Foreign office		2,758			3,668			4,382			4,050			3,703			3,925			3,907			4,340
Federal funds purchased		3,615			4,546			3,886			4,553			4,771			4,001			3,952			4,170
Short-term bank notes		—			—			—			—			—			—			230			775
Other short-term borrowings		4,468			4,056			4,854			4,718			4,408			5,619			5,190			4,933
Long-term debt		13,059			14,355			14,465			15,132			15,956			16,914			17,049			15,604
Total interest-bearing liabilities		76,769			78,735			78,870			78,149			77,173			76,936			76,279			75,245
Demand deposits		13,882			13,642			13,764			13,674			14,099			13,977			13,905			13,484
Other liabilities		3,801			3,613			3,500			3,312			3,236			3,335			3,357			3,172
Total liabilities		94,452			95,990			96,134			95,135			94,508			94,248			93,541			91,901
Shareholders’ equity		10,150			9,878			9,607			9,601			9,480			9,451			9,224			9,108
Total liabilities & shareholders’ equity	$	104,602		$	105,868		$	105,741		$	104,736		$	103,988		$	103,699		$	102,765		$	101,009
Average loans and leases (excluding held for sale)	$	74,032		$	72,903		$	72,209		$	70,603		$	69,218		$	67,539		$	65,649		$	64,269
Average common shares outstanding:
Basic		554,978,470			555,565,365			554,977,557			554,397,914			553,590,943			553,854,684			553,871,720			556,361,533
Diluted		557,654,120			557,948,598			557,489,491			556,868,587			556,321,949			557,681,044			558,176,454			561,658,848

5

Quarterly Data

	Three Months Ended
	December 31, 2006			September 30, 2006			June 30, 2006			March 31, 2006			December 31, 2005			September 30, 2005			June 30, 2005			March 31, 2005
Asset Quality ($ in millions)
Nonaccrual loans and leases	$	352		$	320		$	281		$	291		$	294		$	285		$	273		$	268
Renegotiated loans and leases		—			—			—			—			—			1			1			1
Other assets, including other real estate owned		103			91			77			73			67			65			66			74
Total nonperforming assets	$	455		$	411		$	358		$	364		$	361		$	351		$	340		$	343
Ninety days past due loans and leases	$	210		$	196		$	191		$	160		$	155		$	156		$	129		$	129
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial loans	$	20,725		$	21,150		$	20,618		$	19,879		$	19,299		$	18,596		$	18,017		$	17,501
Commercial mortgage		10,405			9,879			9,792			9,861			9,188			9,138			9,091			9,048
Commercial construction		6,168			5,879			5,950			5,883			6,342			5,880			5,590			5,365
Commercial leases		3,841			3,752			3,740			3,726			3,698			3,619			3,537			3,416
Subtotal - commercial		41,139			40,660			40,100			39,349			38,527			37,233			36,235			35,330
Consumer:
Residential mortgage		9,226			8,911			8,780			8,405			8,296			8,564			7,808			8,208
Residential construction		679			718			748			717			695			649			611			557
Credit card		1,110			986			945			851			866			805			749			790
Home equity		12,365			12,429			12,277			12,087			12,000			11,766			11,521			11,085
Other consumer loans		9,911			9,473			9,360			9,318			9,250			9,236			8,343			7,840
Consumer leases		1,073			1,175			1,298			1,439			1,595			1,738			1,812			1,901
Subtotal - consumer		34,364			33,692			33,408			32,817			32,702			32,758			30,844			30,381
Total loans and leases	$	75,503		$	74,352		$	73,508		$	72,166		$	71,229		$	69,991		$	67,079		$	65,711
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial loans	$	21,108		$	20,769		$	20,239		$	19,461		$	18,909		$	18,203		$	17,768		$	18,073
Commercial mortgage		9,929			9,833			9,980			9,441			9,159			9,095			9,042			8,385
Commercial construction		6,099			5,913			5,840			6,211			6,051			5,700			5,467			4,870
Commercial leases		3,762			3,740			3,729			3,686			3,611			3,537			3,436			3,393
Subtotal - commercial		40,898			40,255			39,788			38,799			37,730			36,535			35,713			34,721
Consumer:
Residential mortgage		9,334			8,967			8,756			8,351			8,444			8,271			8,453			8,417
Residential construction		704			733			735			706			673			624			576			468
Credit card		1,035			979			897			855			825			778			755			830
Home equity		12,435			12,366			12,193			12,072			11,884			11,702			11,325			10,909
Other consumer loans		9,714			9,384			9,340			9,311			9,251			8,868			8,089			7,752
Consumer leases		1,142			1,254			1,384			1,540			1,682			1,778			1,851			1,979
Subtotal - consumer		34,364			33,683			33,305			32,835			32,759			32,021			31,049			30,355
Total average loans and leases	$	75,262		$	73,938		$	73,093		$	71,634		$	70,489		$	68,556		$	66,762		$	65,076
Nonperforming Loans ($ in millions)(non-accrual plus renegotiated)
Commercial construction loans	$	54		$	31		$	18		$	20		$	31		$	29		$	24		$	23
Commercial mortgage		84			49			62			74			51			53			56			56
Commercial loans and leases		133			167			129			126			146			140			132			132
Consumer mortgage and construction		38			34			34			34			30			31			25			24
Other consumer loans and leases		43			39			38			37			36			33			37			34
Total nonperforming loans	$	352		$	320		$	281		$	291		$	294		$	286		$	274		$	269
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(118	)	$	(96	)	$	(96	)	$	(96	)	$	(137	)	$	(79	)	$	(76	)	$	(80	)
Recoveries		21			17			29			23			20			15			21			17
Net losses charged off	$	(97	)	$	(79	)	$	(67	)	$	(73	)	$	(117	)	$	(64	)	$	(55	)	$	(63	)

6

EX-99.3

	January 2007
	Exhibit 99.3
ANNUAL 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 year-end 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

1

Yearly Data

	Years Ended December 31,
	2006		2005		2004		2003		2002
Ratios (percent)
Return on average assets		1.13		1.50		1.61		1.90		2.04
Return on average equity		12.1		16.6		17.2		19.0		18.4
Average equity as a percent of average assets		9.32		9.06		9.34		10.01		11.08
Net interest margin (c)		3.06		3.23		3.48		3.62		3.96
Efficiency (c)		60.5		53.2		53.9		47.0		47.5
Net losses charged off as a percent of average loans and leases		0.44		0.45		0.45		0.63		0.43
Allowance for loan and lease losses as a percent of loans and leases (a)		1.04		1.06		1.19		1.33		1.49
Allowance for credit losses as a percent of loans and leases (a)		1.14		1.16		1.31		1.47		1.49
Nonperforming assets as a percent of loans, leases and other assets, including OREO		0.61		0.52		0.51		0.61		0.59
Allowance for loan and lease losses as a percent of nonperforming assets (a)		169.62		206.03		235.32		218.85		250.62
Allowance for credit losses as a percent of nonperforming assets (a)		186.33		225.33		259.05		242.01		250.62
Common Share Data
Earnings per share	$	2.14	$	2.79	$	2.72	$	2.91	$	2.64
Earnings per diluted share		2.13		2.77		2.68		2.87		2.59
Cash dividends per common share		1.59		1.46		1.31		1.13		0.98
Book value per share		18.02		17.00		16.00		15.29		14.98
Common shares outstanding, excluding treasury		556,252,674		555,623,430		557,648,989		566,685,301		574,355,247
Market price per share:
High	$	41.57	$	48.12	$	60.00	$	62.15	$	69.70
Low		35.86		35.04		45.32		47.05		55.26
Close		40.93		37.72		47.30		59.10		58.55
Price/earnings ratio (b)		19.13		13.57		17.65		20.59		22.61
Supplemental Data
Common dividends declared ($ in millions)	$	880	$	810	$	735	$	645	$	568
Full-time equivalent employees		21,362		21,681		19,659		18,899		19,119
Banking centers		1,150		1,119		1,011		952		930

(a) As of December 31, 2004, the reserve for unfunded commitments has been reclassified from the allowance for loan and lease losses to other liabilities. The 2003 year end reserve for unfunded commitments has been reclassified to conform to the current presentation. The allowance for credit losses is the sum of the allowance for loan and lease losses and the reserve for unfunded commitments.

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

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

2

Yearly Data

	Years Ended December 31,
	2006			2005			2004			2003			2002
Income Statement ($ in millions)
Interest income (FTE)	$	5,981		$	5,026		$	4,150		$	4,030		$	4,168
Interest expense		3,082			2,030			1,102			1,086			1,430
Net interest income (FTE)		2,899			2,996			3,048			2,944			2,738
Provision for loan and lease losses		343			330			268			399			246
Noninterest income:
Electronic payment processing revenue		857			748			631			593			528
Service charges on deposits		517			522			515			485			431
Mortgage banking net revenue		155			174			178			302			188
Investment advisory revenue		367			358			363			335			325
Corporate banking revenue		318			299			228			241			195
Other noninterest income		300			360			587			443			369
Securities gains (losses), net		(364	)		39			(37	)		81			114
Securities gains, net - non-qualifying hedges on mortgage servicing rights		3			—			—			3			33
Total noninterest income		2,153			2,500			2,465			2,483			2,183
Noninterest expense:
Salaries, incentives and benefits expense		1,466			1,416			1,279			1,271			1,230
Equipment expense		122			105			84			82			79
Net occupancy expense		245			221			185			159			142
Deposit insurance expense		9			8			15			17			10
Operating lease expense		18			40			114			94			—
Other noninterest expense		1,196			1,137			1,295			928			876
Total noninterest expense		3,056			2,927			2,972			2,551			2,337
Income from continuing operations before income taxes, minority interest and cumulative effect (FTE)		1,653			2,239			2,273			2,477			2,338
Taxable equivalent adjustment		26			31			36			39			39
Income from continuing operations before income taxes, minority interest and cumulative effect		1,627			2,208			2,237			2,438			2,299
Applicable income taxes		443			659			712			786			734
Income from continuing operations before minority interest and cumulative effect		1,184			1,549			1,525			1,652			1,565
Minority interest, net of tax		—			—			—			(20	)		(38	)
Income from continuing operations before cumulative effect		1,184			1,549			1,525			1,632			1,527
Income from discontinued operations, net of tax (a)		—			—			—			44			4
Income before cumulative effect		1,184			1,549			1,525			1,676			1,531
Cumulative effect of change in accounting principle, net of tax		4			—			—			(11	)		—
Net income	$	1,188		$	1,549		$	1,525		$	1,665		$	1,531
Net income available to common shareholders (b)	$	1,188		$	1,548		$	1,524		$	1,664		$	1,530
Regulatory Capital Data ($ in millions) (c)
Tier I capital	$	8,622		$	8,209		$	8,522		$	8,168		$	7,656
Tier II capital		2,760			2,031			1,654			1,824			1,188
Total risk-based capital	$	11,382		$	10,240		$	10,176		$	9,992		$	8,844
Total risk-weighted assets	$	103,124		$	98,293		$	82,633		$	74,477		$	65,444
Tier I capital ratio		8.36	%		8.35	%		10.31	%		10.97	%		11.70	%
Total risk-based capital ratio		11.04	%		10.42	%		12.31	%		13.42	%		13.51	%
Tier I leverage ratio		8.44	%		8.08	%		8.89	%		9.11	%		9.73	%

(a) Includes gain on sale of discontinued operations of $40 million, net of tax, in 2003.

(b) Dividends on preferred stock are $.740 million for all years presented.

(c) 2006 regulatory capital data and ratios are estimated.

3

Yearly Data

	As of December 31,
	2006			2005			2004			2003			2002
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,737		$	3,078		$	2,561		$	2,359		$	1,891
Available-for-sale securities		11,053			21,924			24,687			28,999			25,464
Held-to-maturity securities		356			389			255			135			52
Trading securities		187			117			77			55			18
Other short-term investments		809			158			532			268			294
Total cash and securities		15,142			25,666			28,112			31,816			27,719
Loans held for sale		1,150			1,304			559			1,881			3,358
Portfolio loans and leases		74,353			69,925			59,808			52,308			45,928
Total loans and leases		75,503			71,229			60,367			54,189			49,286
Allowance for loan and lease losses		(771	)		(744	)		(713	)		(697	)		(683	)
Operating lease equipment		202			143			304			767			—
Goodwill		2,193			2,169			979			738			740
Intangible assets		166			208			150			195			236
Servicing rights		524			441			352			299			263
Other real estate owned		88			54			63			55			27
Other assets		7,622			6,059			4,842			3,892			3,344
Total assets	$	100,669		$	105,225		$	94,456		$	91,254		$	80,932
Liabilities
Deposits:
Demand	$	14,331		$	14,609		$	13,486		$	12,142		$	10,095
Interest checking		15,993			18,282			19,481			19,757			17,878
Savings		13,181			11,276			8,310			7,375			10,056
Money market		6,584			6,129			4,321			3,201			1,044
Other time		10,987			9,313			6,837			6,201			7,638
Certificates - $100,000 and over		6,628			4,343			2,121			1,856			1,723
Foreign office		1,676			3,482			3,670			6,563			3,774
Total deposits		69,380			67,434			58,226			57,095			52,208
Federal funds purchased		1,421			5,323			4,714			6,928			4,748
Short-term bank notes		—			—			775			500			—
Other short-term borrowings		2,796			4,246			4,537			5,742			4,075
Other liabilities		4,492			3,549			3,297			3,259			2,657
Long-term debt		12,558			15,227			13,983			9,063			8,179
Total liabilities		90,647			95,779			85,532			82,587			71,867
Minority interest		—			—			—			—			461
Shareholders’ Equity
Common and preferred equity		11,433			11,138			10,507			9,749			8,779
Additional minimum pension liability		(59	)		(5	)		(64	)		(63	)		(52	)
Net unrealized (losses) gains on available-for-sale securities and qualifying cash flow hedges		(120	)		(408	)		(105	)		(57	)		421
Treasury stock, at cost		(1,232	)		(1,279	)		(1,414	)		(962	)		(544	)
Total shareholders’ equity	$	10,022		$	9,446		$	8,924		$	8,667		$	8,604
Share Data
Preferred shares outstanding		9,250			9,250			9,250			9,250			9,250
Common shares outstanding, excluding treasury		556,252,674			555,623,430			557,648,989			566,685,301			574,355,247
Treasury shares held		27,174,430			27,803,674			25,802,702			16,766,390			9,071,857

4

Yearly Data

	Years Ended December 31,
	2006			2005			2004			2003			2002
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	73,493		$	67,737		$	57,042		$	52,414		$	45,539
Taxable securities		20,306			24,017			29,365			27,584			22,145
Tax exempt securities		604			789			917			1,056			1,101
Other short-term investments		378			193			315			307			339
Total interest-earning assets		94,781			92,736			87,639			81,361			69,124
Cash and due from banks		2,495			2,758			2,216			1,600			1,551
Other assets		8,713			8,102			5,763			5,250			5,007
Allowance for loan and lease losses		(751	)		(720	)		(722	)		(730	)		(645	)
Total assets	$	105,238		$	102,876		$	94,896		$	87,481		$	75,037
Liabilities
Interest-bearing liabilities:
Interest checking	$	16,650		$	18,884		$	19,434		$	18,679		$	16,239
Savings		12,189			10,007			7,941			8,020			9,465
Money market		6,366			5,170			3,473			3,189			1,162
Other time		10,500			8,491			6,208			6,426			8,855
Certificates - $100,000 and over		5,795			4,001			2,403			3,832			2,237
Foreign office		3,711			3,967			4,449			3,862			2,018
Short-term borrowings		8,670			9,511			13,539			12,373			7,191
Long-term debt		14,247			16,384			13,323			8,747			7,640
Total interest-bearing liabilities		78,128			76,415			70,770			65,128			54,807
Demand deposits		13,741			13,868			12,327			10,482			8,953
Other liabilities		3,558			3,276			2,939			2,883			2,520
Total liabilities		95,427			93,559			86,036			78,493			66,280
Minority interest		—			—			—			234			440
Shareholders’ equity		9,811			9,317			8,860			8,754			8,317
Total liabilities & shareholders’ equity	$	105,238		$	102,876		$	94,896		$	87,481		$	75,037
Average loans and leases (excluding held for sale)	$	72,447		$	66,685		$	55,951		$	49,700		$	43,529
Average common shares outstanding:
Basic		554,983,021			554,410,581			561,258,539			571,590,128			580,326,693
Diluted		557,493,607			558,442,819			568,234,313			580,003,074			592,020,246

5

Yearly Data

	Years Ended December 31,
	2006			2005			2004			2003			2002
Asset Quality ($ in millions)
Nonaccrual loans and leases	$	352		$	294		$	228		$	242		$	247
Renegotiated loans and leases		—			—			1			8			—
Other assets, including other real estate owned		103			67			74			69			26
Total nonperforming assets		455			361			303			319			273
Ninety days past due loans and leases		210			155			142			145			162
Total underperforming assets	$	665		$	516		$	445		$	464		$	435
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial loans	$	20,725		$	19,299		$	16,058		$	14,226		$	12,786
Commercial mortgage		10,405			9,188			7,636			6,894			5,885
Commercial construction		6,168			6,342			4,348			3,301			3,009
Commercial leases		3,841			3,698			3,426			3,264			3,019
Subtotal - commercial		41,139			38,527			31,468			27,685			24,699
Consumer:
Consumer mortgage		9,226			8,296			7,533			5,530			6,804
Consumer construction		679			695			378			335			319
Credit card		1,110			866			843			762			537
Home equity		12,365			12,000			10,508			8,993			8,675
Other consumer loans		9,911			9,250			7,586			8,436			5,909
Consumer leases		1,073			1,595			2,051			2,448			2,343
Subtotal - consumer		34,364			32,702			28,899			26,504			24,587
Total loans and leases	$	75,503		$	71,229		$	60,367		$	54,189		$	49,286
Nonperforming Loans ($ in millions) (non-accrual plus renegotiated)
Commercial construction loans	$	54		$	31		$	13		$	19		$	14
Commercial mortgage		84			51			51			42			41
Commercial loans and leases		133			146			111			136			159
Residential mortgage and construction		38			30			24			26			18
Other consumer loans and leases		43			36			30			27			15
Total nonperforming loans	$	352		$	294		$	229		$	250		$	247
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(408	)	$	(373	)	$	(321	)	$	(380	)	$	(273	)
Recoveries		92			74			69			68			86
Net losses charged off	$	(316	)	$	(299	)	$	(252	)	$	(312	)	$	(187	)

6