8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 21, 2008

FIFTH THIRD BANCORP

(Exact Name of Registrant as Specified in Its Charter)

OHIO

(State or Other Jurisdiction of Incorporation)

001-33653	31-0854434
(Commission File Number)	(IRS Employer Identification No.)

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

(513) 534-5300

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

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

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

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

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

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

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

Item 2.02 Results of Operations and Financial Condition

On October 21, 2008, Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the third quarter of 2008. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.2, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 7.01 Regulation FD Disclosure

On October 21, 2008, Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the third quarter of 2008. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.2, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

For the benefit of its investors, Fifth Third Bancorp is furnishing information regarding its trends and certain information regarding its portfolio of loans and leases. Copies of these items are attached as Exhibits 99.3 and 99.4, respectively. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1 – Press release dated October 21, 2008

Exhibit 99.2 – Quarterly Financial Supplement

Exhibit 99.3 – Third Quarter 2008 Trends

Exhibit 99.4 – Third Quarter 2008 Portfolio Loan and Lease Stratifications

SIGNATURES

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

	FIFTH THIRD BANCORP
	(Registrant)
October 21, 2008	/s/ Daniel T. Poston
	Daniel T. Poston
	Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

		News Release
CONTACTS:	Jeff Richardson (Investors)	FOR IMMEDIATE RELEASE
	(513) 534-0983	October 21, 2008
	Jim Eglseder (Investors)
	(513) 534-8424
	Debra DeCourcy, APR (Media)
	(513) 534-4153

FIFTH THIRD BANCORP REPORTS THIRD QUARTER 2008 RESULTS

Strong core operating results offset by higher credit costs, market valuation adjustments

• Net loss of $56 million ($0.14 per diluted common share) driven primarily by higher credit costs, market valuation adjustments

• FNM/FRE impairment of $0.06 per share, Visa/Discover settlement charge of $0.05 per share, BOLI charge of $0.04 per share. Results also included net $0.05 benefit from litigation settlement.

• Pre-tax, pre-provision earnings of $813 million, up 40 percent from the third quarter of 2007; up 12 percent excluding third quarter 2008 loan discount accretion, litigation-related items, and asset sale/market valuation gains and losses

• Reported net interest income up 41 percent versus the third quarter of 2007; up 12 percent excluding First Charter loan discount accretion

• Average loans up 11 percent and average core deposits up 3 percent

• Noninterest income increased 5 percent from the third quarter of 2007, or 14 percent excluding items mentioned above

• Payments processing revenue growth of 11 percent

• Deposit service revenue up 13 percent

• Corporate banking revenue growth of 15 percent

• Mortgage banking revenue up 74 percent

• Tier 1 capital ratio of 8.53 percent (target range 8-9 percent)

• Total capital ratio of 12.25 percent (target range 11.5-12.5 percent)

• Tangible equity ratio of 6.19 percent (target range 6-7 percent)

• Allowance to loan ratio increased to 2.41 percent

Earnings Highlights

	For the Three Months Ended															% Change
	September 2008			June 2008			March 2008			December 2007			September 2007			Seq		Yr/Yr
Net income (loss) (in millions)	($	56	)	($	202	)	$	286		$	16		$	325		(72	%)	NM
Net income (loss) available to common shareholders	($	81	)	($	202	)	$	286		$	16		$	325		(60	%)	NM
Common Share Data
Earnings per share, basic		(0.14	)		(0.37	)		0.54			0.03			0.61		(62	%)	NM
Earnings per share, diluted		(0.14	)		(0.37	)		0.54			0.03			0.61		(62	%)	NM
Cash dividends per common share		0.15			0.15			0.44			0.44			0.42		—		(64	%)
Financial Ratios
Return on average assets		(.28	%)		(.73	%)		1.03	%		0.06	%		1.26	%	(62	%)	NM
Return on average equity		(3.0	)		(8.4	)		12.3			0.7			13.8		(64	%)	NM
Tier I capital		8.53			8.51			7.72			7.72			8.46		—		1	%
Net interest margin (a)		4.24			3.04			3.41			3.29			3.34		39	%	27	%
Efficiency (a)		54.2			58.6			42.3			72.6			59.2		(8	%)	(8	%)
Common shares outstanding (in thousands)		577,487			577,530			532,106			532,672			532,627		—		8	%
Average common shares outstanding (in thousands):
Basic		571,705			540,030			528,498			529,120			530,123		6	%	8	%
Diluted		571,705			540,030			530,372			530,939			532,471		6	%	7	%

(a) Presented on a fully taxable equivalent basis

NM: not meaningful

Fifth Third Bancorp (Nasdaq: FITB) today reported a third quarter 2008 net loss of $56 million. This represented a net loss to common shareholders of $81 million, or $0.14 per diluted share, compared with a net loss of $202 million, or $0.37 per diluted share, in the second quarter of 2008 and net income of $325 million, or $0.61 per diluted share, in the third quarter of 2007. The third quarter 2008 net loss to common shareholders includes $25 million in preferred stock dividends. Reported results included: a $51 million pre-tax, or $0.06 per share after-tax, charge due to the impairment of preferred stock held in Fannie Mae and Freddie Mac; an estimated non-cash charge of $45 million pre-tax, or $0.05 per share after-tax, related to Visa’s settlement with Discover; and an estimated non-cash charge of $27 million pre-tax, or $0.04 per share after-tax, to lower the current cash surrender value of one of our Bank-Owned Life Insurance (“BOLI”) policies. Results also included a net benefit of $40 million pre-tax, or $0.05 per share after-tax, related to the satisfactory resolution of a court case stemming from goodwill created in a prior acquisition.

“The banking industry has experienced unprecedented developments in recent weeks,” said Kevin T. Kabat, Chairman, President and CEO of Fifth Third Bancorp. “These events have a variety of causes. The headline issues – subprime lending, option ARMs, credit default swaps, CDOs – involve products that Fifth Third has not engaged in. Nor do we have significant exposures to troubled financial counterparties who have been in the news. As our results indicate, we are not immune to disruptions in the capital markets and weakening economic conditions. Higher credit costs once again drove bottom line results that no one here is satisfied with. Non-performing assets and net charge-offs continued to increase and remain disproportionately attributable to commercial and residential real estate loans, particularly in Florida and Eastern Michigan.

Despite the difficult economic backdrop, the core earnings power of the Bank remains positive. Our businesses continue to produce revenue growth and our disciplined approach to expense control allows us to efficiently operate our businesses.

We announced a capital plan in June that anticipated significant uncertainty in the economic outlook and was devised to provide us with the ability to withstand additional negative developments. This plan involved, first, an increase in our targeted capital ratios, including a Tier 1 capital ratio target of 8-9 percent, a range we expect continually to meet or exceed and which is significantly in excess of regulatory “well-capitalized” levels. Second, the issuance of $1.1 billion in Tier 1 securities, which placed Fifth Third solidly within its target capital ranges. Third, the reduction of our common dividend, which preserves over $1.2 billion in equity through the end of 2009 relative to our prior dividend level.

The remaining element of our capital plan involved adding $1 billion or more to capital through the sale of non-core assets to provide for the possibility of a difficult 2009, a view that continues to seem likely to us. During the past quarter, we have made significant progress in evaluating attractive structures, gauging significant interest on the part of potential investors, and negotiating potential transactions.

2

Last week, however, the U.S. Treasury outlined a plan that would involve the purchase of Tier 1 securities from eligible financial institutions. We support this plan, which we believe represents an effective method to achieve the goals of increasing credit availability while at the same time providing a firmer capital foundation for U.S. banks. Nine institutions have participated initially and we expect many additional competitors to also avail themselves of this program.

We are in the process of evaluating this opportunity and considering an application. The terms of this capital, and our desire to ensure that we maintain strong capital levels, not only in absolute terms but also relative to competitors, will be factors in our decision. We would also expect to reevaluate our plans and activities with respect to pursuing a current sale of non-core assets as part of our capital plan. We believe that either alternative would provide capital well in excess of our capital targets.

Regardless of our course of action, we will continue to evaluate our businesses from a strategic planning perspective and will make decisions in the context of what’s best for our investors and customers. We retain significant flexibility as we evaluate our businesses and opportunities that may present themselves in a significantly changing financial services landscape.”

Income Statement Highlights

	For the Three Months Ended												% Change
	September 2008			June 2008			March 2008		December 2007		September 2007		Seq		Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	1,068		$	744		$	826	$	785	$	760	44	%	41	%
Provision for loan and lease losses		941			719			544		284		139	31	%	578	%
Total noninterest income		717			722			864		509		681	(1	%)	5	%
Total noninterest expense		967			858			715		940		853	13	%	13	%
Income before income taxes (taxable equivalent)		(123	)		(111	)		431		70		449	11	%	NM
Taxable equivalent adjustment		5			6			6		6		6	(17	%)	(17	%)
Applicable income taxes		(72	)		85			139		48		118	NM		NM
Net income (loss)		(56	)		(202	)		286		16		325	(72	%)	NM
Dividends on preferred stock		25			—			—		—		—	NM		NM
Net income (loss) available to common shareholders		(81	)		(202	)		286		16		325	(60	%)	NM
Earnings per share, diluted	($	0.14	)	($	0.37	)	$	0.54	$	0.03	$	0.61	(62	%)	NM

NM: not meaningful

3

Net Interest Income

	For the Three Months Ended															% Change
	September 2008			June 2008			March 2008			December 2007			September 2007			Seq		Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,553		$	1,213		$	1,453		$	1,556		$	1,535		28	%	1	%
Total interest expense		485			469			627			771			775		3	%	(37	%)
Net interest income (taxable equivalent)	$	1,068		$	744		$	826		$	785		$	760		44	%	41	%
Average Yield
Yield on interest-earning assets		6.16	%		4.95	%		5.99	%		6.52	%		6.73	%	24	%	(8	%)
Yield on interest-bearing liabilities		2.25	%		2.23	%		2.99	%		3.78	%		4.04	%	1	%	(44	%)
Net interest rate spread (taxable equivalent)		3.91	%		2.72	%		3.00	%		2.74	%		2.69	%	44	%	45	%
Net interest margin (taxable equivalent)		4.24	%		3.04	%		3.41	%		3.29	%		3.34	%	39	%	27	%
Average Balances ($ in millions)
Loans and leases, including held for sale	$	85,772		$	85,212		$	84,912		$	82,172		$	78,243		1	%	10	%
Total securities and other short-term investments		14,515			13,363			12,597			12,506			12,169		9	%	19	%
Total interest-bearing liabilities		85,990			84,417			84,353			80,977			76,070		2	%	13	%
Shareholders’ equity		10,843			9,629			9,379			9,446			9,324		13	%	16	%

Net interest income of $1.1 billion on a taxable equivalent basis was up $324 million from the second quarter of 2008. Third quarter net interest income included the benefit of $215 million from fair value purchase accounting adjustments for loan discount accretion related to the second quarter 2008 acquisition of First Charter Corporation (“First Charter”). The impact of loan discount accretion in the second quarter 2008 was $31 million. As previously disclosed, cash flow recalculations on certain leveraged lease transactions reduced second quarter 2008 net interest income by approximately $130 million. Excluding the leveraged lease charge in the second quarter and the effects of the loan discount accretion in both quarters, net interest income increased $11 million from the second quarter 2008. Net interest income benefited from a lower effective federal funds rate, an increase in LIBOR rates and higher securities balances, which more than offset higher costs associated with a shift toward higher cost deposits and unusually wide spreads on wholesale funding sources, an increase in loan interest reversals, and higher nonaccrual balances.

Reported net interest margin was 4.24 percent, up 120 bps from 3.04 percent in the second quarter of 2008. The increase was primarily due to the impact of purchase accounting adjustments, which contributed 85 bps to the third quarter margin versus 13 bps to the second quarter margin, and the negative impact of 53 bps to the second quarter margin of the leveraged lease charge. Excluding the impact of these items, net interest margin was 3.39 percent and declined 5 bps from the previous quarter. The decline was driven by a shift to higher cost deposits and a transition to longer term institutional and commercial CDs, as the Bank continues to manage its exposure to overnight funding sources.

Compared with the third quarter of 2007, net interest income was up $308 million and net interest margin increased 90 bps from 3.34 percent primarily due to the impact of loan discount accretion from the First Charter acquisition. Excluding this item, net interest income increased by $94 million, or 12 percent, from the same period in 2007, and net interest margin expanded 5 bps. The increase in net interest income reflected average earning asset growth of 11 percent.

4

Average Loans

	For the Three Months Ended										% Change
	September 2008		June 2008		March 2008		December 2007		September 2007		Seq		Yr/Yr
Average Portfolio Loans and Leases ($ in millions)
Commercial:
Commercial loans	$	28,284	$	28,299	$	25,367	$	23,650	$	22,183	—		28	%
Commercial mortgage		13,257		12,590		12,016		11,497		11,041	5	%	20	%
Commercial construction		6,110		5,700		5,577		5,544		5,499	7	%	11	%
Commercial leases		3,641		3,747		3,723		3,692		3,698	(3	%)	(2	%)
Subtotal - commercial loans and leases		51,292		50,336		46,683		44,383		42,421	2	%	21	%
Consumer:
Residential mortgage loans		9,681		9,922		10,395		9,943		8,765	(2	%)	10	%
Home equity		12,534		12,012		11,846		11,843		11,752	4	%	7	%
Automobile loans		8,303		8,439		9,278		9,445		10,853	(2	%)	(23	%)
Credit card		1,720		1,703		1,660		1,461		1,366	1	%	26	%
Other consumer loans and leases		1,165		1,125		1,083		1,099		1,138	4	%	2	%
Subtotal - consumer loans and leases		33,403		33,201		34,262		33,791		33,874	1	%	(1	%)
Total average loans and leases (excluding held for sale)	$	84,695	$	83,537	$	80,945	$	78,174	$	76,295	1	%	11	%
Average loans held for sale		1,077		1,676		3,967		3,998		1,950	(36	%)	(45	%)

Average portfolio loan and lease balances grew 1 percent sequentially and 11 percent from the third quarter of 2007. Excluding acquisitions, portfolio loan and lease balances declined 1 percent sequentially and increased 6 percent from the previous year. Average commercial loans and leases grew 2 percent sequentially and 21 percent compared with the previous year. Sequential growth was driven almost entirely by the full quarter impact on average balances from the First Charter acquisition, which contributed $688 million to average commercial mortgage balances and $548 million to average commercial construction balances in the third quarter. Excluding all acquisitions, commercial loan growth was flat sequentially and increased 17 percent from the previous year. Year-over-year growth excluding acquisitions was primarily driven by commercial and industrial (C&I) lending, up 26 percent versus a year ago, primarily the result of strong production during the first and second quarters of 2008. Period end loans included $1.4 billion of commercial loans primarily due to the use of contingent liquidity facilities related to certain off-balance sheet programs.

Consumer loan and lease balances increased 1 percent sequentially and declined 1 percent from the third quarter of 2007. Excluding the impact of acquisitions, average consumer loans decreased 2 percent sequentially and 8 percent year-over-year. Sequentially, growth in high FICO, low loan-to-value (LTV) home equity loans and credit card loans was more than offset by declines in auto and residential mortgage loans. On a year-over-year basis, growth in home equity, credit card and residential mortgage loans was offset by a reduction in auto loan balances due to the securitization of $2.7 billion in the first quarter of 2008. All of the year-over-year growth in residential mortgage loan balances was due to the fourth quarter 2007 acquisition of R-G Crown and the second quarter 2008 acquisition of First Charter.

5

Average Deposits

	For the Three Months Ended										% Change
	September 2008		June 2008		March 2008		December 2007		September 2007		Seq		Yr/Yr
Average Deposits ($ in millions)
Demand deposits	$	14,225	$	14,023	$	13,208	$	13,345	$	13,143	1	%	8	%
Interest checking		13,843		14,396		14,836		14,394		14,334	(4	%)	(3	%)
Savings		16,154		16,583		16,075		15,616		15,390	(3	%)	5	%
Money market		6,051		6,592		6,896		6,363		6,247	(8	%)	(3	%)
Foreign office (a)		2,126		2,169		2,443		2,249		1,808	(2	%)	18	%
Subtotal - Transaction deposits		52,399		53,763		53,458		51,967		50,922	(3	%)	3	%
Other time		10,780		9,517		10,884		11,011		10,290	13	%	5	%
Subtotal - Core deposits		63,179		63,280		64,342		62,978		61,212	—		3	%
Certificates - $100,000 and over		11,623		8,143		5,835		6,613		6,062	43	%	92	%
Other foreign office		395		2,948		3,861		2,464		1,981	(87	%)	(80	%)
Total deposits	$	75,197	$	74,371	$	74,038	$	72,055	$	69,255	1	%	9	%
(a)    Includes commercial customer Eurodollar sweep balances for which the Bancorp pays rates comparable to other commercial deposit accounts.

Average core deposits were flat sequentially and up 3 percent from the third quarter of 2007. Excluding acquisitions, average core deposits declined 2 percent both from the previous quarter and the previous year. Average transaction deposits (excluding consumer time deposits) were down 3 percent from the second quarter and grew 3 percent from a year ago. Sequential growth in average demand deposit accounts (DDA) and consumer CD balances was offset by lower interest checking, savings and money market deposits, and foreign office commercial sweep deposits. On a year-over-year basis, growth in DDA, savings, consumer CD and foreign office commercial sweep deposits more than offset lower interest checking and money market balances.

Retail average core deposits increased 1 percent sequentially and were up 3 percent from the third quarter of 2007. Sequential growth in DDA and consumer CD balances was partially offset by lower interest checking, savings, and money market balances. The sequential decline in interest-bearing transaction accounts reflects lower average account balances as economic conditions have weakened. Commercial core deposits decreased 1 percent sequentially and increased 5 percent year-over-year. Sequential growth in DDA and interest checking account balances was more than offset by lower savings and money market account balances.

The $3.5 billion sequential increase in CDs $100,000 and over reflects actions we have undertaken beginning in the second quarter of 2008 to extend the average duration of wholesale borrowings to reduce exposure to high levels of market volatility in overnight markets.

6

Noninterest Income

	For the Three Months Ended													% Change
	September 2008			June 2008			March 2008		December 2007			September 2007		Seq		Yr/Yr
Noninterest Income ($ in millions)
Electronic payment processing revenue	$	235		$	235		$	213	$	223		$	212	—		11	%
Service charges on deposits		172			159			147		160			151	8	%	13	%
Investment advisory revenue		90			92			93		94			95	(2	%)	(5	%)
Corporate banking revenue		104			111			107		106			91	(6	%)	15	%
Mortgage banking net revenue		45			86			97		26			26	(47	%)	74	%
Other noninterest income		112			49			177		(113	)		93	129	%	21	%
Securities gains (losses), net		(63	)		(10	)		27		7			13	530	%	NM
Securities gains, net - non-qualifying hedgeson mortgage servicing rights		22			—			3		6			—	NM		NM
Total noninterest income	$	717		$	722		$	864	$	509		$	681	(1	%)	5	%

Noninterest income of $717 million decreased $5 million sequentially and increased $36 million from a year ago. Third quarter results included a $76 million gain related to a satisfactory resolution of a court case related to goodwill stemming from a previous acquisition. (Legal expenses of $36 million associated with this case are recorded in noninterest expense.) Results also included a $51 million other-than-temporary impairment charge on Fannie Mae and Freddie Mac preferred stock and a non-cash estimated charge of $27 million to lower the current cash surrender value of one of our BOLI policies. Excluding these items, noninterest income declined $3 million from a strong second quarter, driven primarily by lower mortgage banking revenue partially offset by higher deposit service charges and a $22 million gain on non-qualifying hedges on mortgage servicing rights. Third quarter 2007 results included a gain of $15 million on the sale of FDIC deposit insurance credits and a $16 million gain on the sale of certain non-strategic credit card accounts. Excluding these items in the third quarter of 2007, investment securities gains, and the gain from the litigation settlement and the BOLI charge in the third quarter of 2008, noninterest income increased by $92 million, or 14 percent from the previous year. Year-over-year growth in noninterest income was driven by growth in payments processing revenue, deposit fees, corporate banking revenue and mortgage banking revenue.

Electronic payment processing (EPP) revenue of $235 million was unchanged sequentially and increased 11 percent from a year ago. Merchant processing revenue was up 9 percent from the previous year, reflecting continued solid account acquisition offset by lower volumes due to a reduction in retailer same-store sales. Card issuer interchange revenue increased 19 percent from the previous year, driven by an increased number of debit and credit card transactions and an increase in the average dollar amount per debit card transaction. Financial institutions revenue grew 6 percent from the third quarter of 2007 driven by higher transaction volumes.

Service charges on deposits of $172 million increased 8 percent sequentially and 13 percent compared with the same quarter last year. Retail service charges increased 11 percent from the second quarter and 8 percent from the third quarter of 2007, due to lower average balances and increased deposit fees. Commercial service charges increased 3 percent sequentially and 21 percent compared with last year. This growth primarily reflects the effect of lower market interest rates, as reduced earnings credit rates paid to customers have resulted in higher realized net services fees used to pay for treasury management services.

7

Corporate banking revenue of $104 million decreased 6 percent sequentially from strong second quarter results and was up 15 percent from the previous year. Solid sequential growth in foreign exchange fees and institutional sales, each up 5 percent, was more than offset by declines in interest rate derivative revenue, down 38 percent, and business lending fees, down 15 percent. Corporate banking revenue growth on a year-over-year basis was primarily driven by strong growth in foreign exchange revenue, up 77 percent, institutional sales revenue, up 21 percent, and business lending fees, up 11 percent. Results continue to be driven by market volatility and increased product penetration into our middle market customer base.

Investment advisory revenue of $90 million was down 2 percent sequentially and 5 percent from the third quarter of 2007. Institutional trust revenue decreased 1 percent from the same period the previous year largely driven by lower market values. Mutual fund fees were down 6 percent year-over-year, as market volatility drove declines from the previous year. Brokerage fee revenue was down 16 percent from the third quarter of 2007 reflecting the continued shift in assets from equity products to money market funds due to extreme market volatility, as well as a decline in transaction-based revenues.

Mortgage banking net revenue totaled $45 million in the third quarter of 2008, a $41 million decline from strong second quarter results and a $19 million increase from the third quarter of 2007. Third quarter originations were $2.0 billion, down from $3.3 billion the previous quarter, due to lower application volumes as a result of market disruptions and interest rates that were generally higher during the quarter. Third quarter originations resulted in fees and gains on the sale of mortgages of $43 million compared with gains of $79 million during the previous quarter and $9 million during the same period in 2007. Revenue for the third quarter included $8 million related to gains on the sale of portfolio loans compared with $9 million in the previous quarter and $2 million in the third quarter of 2007. The first quarter of 2008 adoption of FAS 159 for mortgage banking contributed $11 million of the year-over-year increase in mortgage banking revenue, with corresponding origination costs recorded in noninterest expense. Net servicing revenue, before mortgage servicing rights (MSR) valuation adjustments, totaled $17 million in the third quarter, compared with $11 million last quarter and $14 million a year ago. MSR valuation adjustments, including mark-to-market related adjustments on free-standing derivatives, represented a net loss of $15 million in the third quarter of 2008, compared with a net loss of $4 million last quarter and a net gain of $3 million a year ago. The mortgage-servicing asset, net of the valuation reserve, was $683 million at quarter end on a servicing portfolio of $39.8 billion.

Net securities gains of $22 million were recorded in the third quarter on non-qualifying hedges on mortgage servicing rights which offset MSR valuation adjustments, compared with no gains in the previous quarter or in the same period the previous year.

8

Net losses on investment securities were $63 million in the third quarter of 2008 compared with a net loss of $10 million last quarter. We recorded an other-than-temporary-impairment charge on the Fannie Mae and Freddie Mac preferred stock ownership, which accounted for $51 million of these losses compared with $13 million in charges last quarter. These assets are now carried at $4 million on a combined basis on an original par value of $69 million.

Other noninterest income totaled $112 million in the third quarter of 2008 compared with $49 million last quarter and $93 million in the third quarter of 2007. Third quarter 2008 results included the $76 million gain related to the litigation settlement stemming from a prior acquisition and the $27 million charge that lowered the current cash surrender value of one of our BOLI policies. Excluding these items, other noninterest income increased by $14 million from the previous quarter driven by lower write-downs on other real estate owned (OREO) properties. Excluding the gain from the court case and the BOLI charge in the third quarter of 2008 and the gain on the sale of FDIC deposit insurance credits and certain non-strategic credit card accounts in the third quarter of 2007, other non-interest income was relatively unchanged from the previous year.

Noninterest Expense

	For the Three Months Ended										% Change
	September 2008		June 2008		March 2008		December 2007		September 2007		Seq		Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	321	$	331	$	347	$	328	$	310	(3	%)	4	%
Employee benefits		72		60		85		56		67	19	%	8	%
Payment processing expense		70		67		66		68		65	4	%	8	%
Net occupancy expense		77		73		72		70		66	5	%	16	%
Technology and communications		47		49		47		47		41	(4	%)	14	%
Equipment expense		34		31		31		32		30	10	%	12	%
Other noninterest expense		346		247		67		339		274	40	%	26	%
Total noninterest expense	$	967	$	858	$	715	$	940	$	853	13	%	13	%

Noninterest expense of $967 million increased $109 million sequentially and $114 million from a year ago. Third quarter results included an estimated $45 million charge due to Visa’s pending settlement with Discover, $36 million related to legal expenses associated with the litigation settlement from a prior acquisition, and $7 million in additional pension settlement expense, the same amount that was recorded in the third quarter of the previous year. Second quarter 2008 results included $13 million in expenses related to the acquisition of First Charter and branches from First Horizon and $12 million in sequentially additional operating expenses from acquisitions. Third quarter 2007 results included a $78 million charge due to Visa’s settlement with American Express. On a year-over-year comparison basis, acquisitions have added approximately $31 million of additional operating expense compared with the prior year and the impact of the adoption of FAS 159 on the classification of mortgage origination costs has added approximately $11 million. Excluding these items, noninterest expense increased $15 million, or 2 percent, from the second quarter of 2008 and increased $69 million, or 9 percent, from the third quarter of 2007. Expense growth on a sequential basis was primarily attributable to volume-related processing and technology investment expense. The increase in noninterest expense compared with the third quarter of 2007 was driven by increased loan and lease processing costs as a result of increased collections activities, increased provision for unfunded commitments, and higher volume-related payments processing expense.

9

Credit Quality

	For the Three Months Ended
	September 2008			June 2008			March 2008			December 2007			September 2007
Total net losses charged off ($ in millions)
Commercial loans	($	85	)	($	107	)	($	36	)	($	48	)	($	23	)
Commercial mortgage loans		(94	)		(21	)		(33	)		(15	)		(8	)
Commercial construction loans		(88	)		(49	)		(72	)		(12	)		(5	)
Commercial leases		—			—			—			—			—
Residential mortgage loans		(77	)		(63	)		(34	)		(18	)		(9	)
Home equity		(55	)		(54	)		(41	)		(32	)		(27	)
Automobile loans		(32	)		(26	)		(35	)		(30	)		(25	)
Credit card		(24	)		(21	)		(20	)		(15	)		(13	)
Other consumer loans and leases		(8	)		(3	)		(5	)		(4	)		(5	)
Total net losses charged off		(463	)		(344	)		(276	)		(174	)		(115	)
Total losses		(481	)		(365	)		(293	)		(193	)		(127	)
Total recoveries		18			21			17			19			12
Total net losses charged off	($	463	)	($	344	)	($	276	)	($	174	)	($	115	)
Ratios
Net losses charged off as a percent of average loans and leases (excluding held for sale)		2.17	%		1.66	%		1.37	%		0.89	%		0.60	%
Commercial		2.07	%		1.41	%		1.21	%		0.66	%		0.33	%
Consumer		2.33	%		2.04	%		1.58	%		1.18	%		0.93	%

Net charge-offs as a percentage of average loans and leases were 217 bps in the third quarter, compared with 166 bps in the second quarter of 2008 and 60 bps in the third quarter of 2007. Loss experience continues to be primarily associated with consumer residential real estate loans and commercial residential builder and developer loans, and to be disproportionately concentrated in Michigan and Florida. These states represented approximately 65 percent of total third quarter net charge-offs. Of total net charge-offs, 35 percent related to residential builders and developers and 29 percent related to residential real estate. Excluding losses on loans to homebuilders and developers of $163 million in the third quarter and $34 million the previous quarter, net charge-offs decreased by $10 million.

Commercial net charge-offs of $267 million, or 207 bps, increased $90 million compared with the second quarter of 2008. Losses related to residential builders and developers were $163 million and increased $129 million from the second quarter and represented 61 percent of commercial net charge-offs. Of total residential real estate builder and developer net charge-offs, $9 million were C&I losses, $75 million were commercial construction losses, and $79 million were commercial mortgage losses. Commercial construction net charge-offs increased to $88 million from $49 in the second quarter. Michigan and Florida accounted for approximately 86 percent of these losses in the third quarter and more than all of the sequential increase. Commercial mortgage net charge-offs increased to $94 million, up $73 million from the second quarter of 2008. Michigan and Florida accounted for approximately 87 percent of these losses and approximately 95 percent of the sequential growth. Net charge-offs in the C&I portfolio were $85 million, down $22 million from the second quarter of 2008. Excluding the previously disclosed $25 million loss related to fraud in the second quarter of 2008, C&I losses were relatively flat.

10

Consumer net charge-offs of $196 million, or 233 bps, grew $29 million from the second quarter of 2008, driven primarily by losses in the residential real estate portfolio. Net charge-offs in Michigan and Florida represented 52 percent of consumer losses in the third quarter, up from 48 percent in the second quarter of 2008. Home equity net charge-offs of $55 million increased $1 million and continued to be driven by brokered home equity loans reflecting borrower stress and lower home price valuations. Originations of these brokered loans were discontinued last year. Net losses on brokered home equity loans were $30 million or 54 percent of third quarter home equity losses. Brokered home equity loans represented $2.4 billion, or 19 percent, of the total home equity portfolio of $12.6 billion. Michigan and Florida represented 40 percent of third quarter home equity losses. Net charge-offs within the residential mortgage portfolio were $77 million, an increase of $14 million from the previous quarter, primarily a result of declining property values on loans in foreclosure, with losses in Michigan and Florida representing 85 percent of losses in the third quarter. Net charge-offs in the auto portfolio increased by $6 million from the second quarter to $32 million, driven by seasonality and lower values received on larger vehicles at auction. Net charge-offs on consumer credit card loans were $24 million, up $3 million from the second quarter, as the portfolio continues to mature.

	For the Three Months Ended
	September 2008			June 2008			March 2008			December 2007			September 2007
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	1,580		$	1,205		$	937		$	827		$	803
Total net losses charged off		(463	)		(344	)		(276	)		(174	)		(115	)
Provision for loan and lease losses		941			719			544			284			139
Allowance for loan and lease losses, ending		2,058			1,580			1,205			937			827
Reserve for unfunded commitments, beginning		115			103			95			79			77
Provision for unfunded commitments		17			10			8			13			2
Acquisitions		—			2			—			3			—
Reserve for unfunded commitments, ending		132			115			103			95			79
Components of allowance for credit losses:
Allowance for loan and lease losses		2,058			1,580			1,205			937			827
Reserve for unfunded commitments		132			115			103			95			79
Total allowance for credit losses	$	2,190		$	1,695		$	1,308		$	1,032		$	906
Ratio
Allowance for loan and lease losses as a percent of loans and leases		2.41	%		1.85	%		1.49	%		1.17	%		1.08	%

Provision for loan and lease losses totaled $941 million in the third quarter of 2008, exceeding net charge-offs by $478 million. The increase in the provision for loan and lease losses as well as the corresponding increase in the allowance for loan and lease losses was largely driven by higher estimates of inherent losses resulting from deterioration in residential real estate collateral values, particularly in the residential homebuilder and developer and consumer residential real estate portfolios, and negative trends in nonperforming and other criticized assets.

The allowance for loan and lease losses represented 2.41 percent of total loans and leases outstanding as of quarter end, compared with 1.85 percent last quarter, and represented 79 percent of nonperforming loans, the same percentage as the previous quarter.

11

	As of
	September 2008			June 2008			March 2008			December 2007			September 2007
Nonperforming Assets and Delinquency ($ in millions)
Commercial loans	$	550		$	407		$	300		$	175		$	175
Commercial mortgage		724			524			312			243			146
Commercial construction		636			537			408			249			105
Commercial leases		23			18			11			5			5
Residential mortgage (a)		474			329			211			121			74
Home equity (b)		169			151			128			91			61
Automobile		10			7			5			3			3
Credit card (c)		20			15			13			5			—
Other consumer loans and leases		—			—			—			1			—
Total nonaccrual loans and leases	$	2,606		$	1,988		$	1,388		$	893		$	569
Repossessed personal property		24			22			22			21			19
Other real estate owned (d)		198			190			182			150			118
Total nonperforming assets	$	2,828		$	2,200		$	1,592		$	1,064		$	706
Total loans and leases 90 days past due	$	671		$	608		$	539		$	491		$	360
Nonperforming assets as a percent of total loans, leases and other assets, including other real estate owned		3.30	%		2.57	%		1.96	%		1.32	%		0.92	%

a) Nonaccrual loans include debt restructuring balances of $258 million as of 09/30/08, $156 million as of 06/30/08, $73 million as of 03/31/08, $29 million as of 12/31/07, and $6 million as of 09/30/07.

b) Nonaccrual loans include debt restructuring balances of $168 million as of 09/30/08, $139 million as of 06/30/08, $86 million as of 03/31/08, $46 million as of 12/31/07, and $16 million as of 09/30/07.

c) All nonaccrual credit card balances are the result of debt restructurings.

d) Excludes government insured advances.

Nonperforming assets (NPAs) at quarter end were $2.8 billion, or 3.30 percent of total loans and leases and OREO, up from 2.57 percent last quarter and 0.92 percent in the third quarter a year ago. Sequential growth in NPAs was $628 million, or 29 percent, down from 38 percent growth in the second quarter. Third quarter growth was driven by increases related to residential real estate builders and developers in the commercial portfolio and restructurings of mortgage and home equity loans in the consumer portfolio.

Commercial NPAs of $2.0 billion, or 3.79 percent, grew $464 million, or 30 percent, from the second quarter of 2008. Commercial NPA growth was primarily driven by continued deterioration in the commercial construction and commercial mortgage portfolios, particularly in the residential builder and developer portfolio and particularly in Michigan and Florida. Residential real estate builder and developer NPAs were $702 million in the third quarter, up $154 million from the previous quarter. Of the total residential real estate builder and developer NPAs, $42 million were C&I NPAs, $343 million were commercial construction NPAs, and $316 million were commercial mortgage NPAs. These also represented 12 percent, 52 percent, and 39 percent of the quarterly increases in C&I, commercial construction, and commercial mortgage NPAs, respectively. NPAs in the C&I portfolio of $557 million increased $143 million, or 35 percent, from the previous quarter. Commercial construction NPAs were $659 million, an increase of $107 million, or 19 percent, from the second quarter of 2008. Commercial mortgage NPAs were $749 million, a sequential increase of $209 million, or 39 percent. Commercial real estate loans in Michigan and Florida represented 42 percent of our total commercial real estate portfolio while increases in NPAs in these states represented 66 percent of commercial real estate NPA growth and accounted for 68 percent of total commercial real estate NPAs.

Consumer NPAs of $841 million, or 2.54 percent, increased $164 million, or 24 percent, in the third quarter of 2008. Of the growth, $154 million was experienced in residential real estate portfolios. Included within consumer NPAs, primarily in residential real estate loans, were $427 million in debt restructurings, including a net $104 million that were restructured in the third quarter of 2008. These debt restructurings assist qualifying borrowers in creating workable payment plans to enable them to remain in their homes. Residential mortgage

12

NPAs increased $143 million to $593 million and home equity NPAs increased $11 million to $194 million. OREO represented $118 million of total residential mortgage NPAs and $25 million in total home equity NPAs. Residential real estate loans in Michigan and Florida represented 52 percent of the growth in residential real estate NPAs, 58 percent of total residential real estate NPAs, and 35 percent of total residential real estate loans.

Loans still accruing over 90 days past due were $671 million, up $63 million or 10 percent, from the second quarter of 2008. Consumer 90 days past due balances decreased 9 percent from the previous quarter and commercial 90 days past due balances increased 37 percent.

Capital Position

	For the Three Months Ended
	September 2008 (a)		June 2008		March 2008		December 2007		September 2007
Capital Position
Average shareholders’ equity to average assets	9.45	%	8.59	%	8.43	%	8.77	%	9.13	%
Tangible equity	6.19	%	6.37	%	6.19	%	6.14	%	7.00	%
Tangible common equity	5.23	%	5.40	%	6.19	%	6.14	%	6.99	%
Regulatory capital ratios:
Tier I capital	8.53	%	8.51	%	7.72	%	7.72	%	8.46	%
Total risk-based capital	12.25	%	12.15	%	11.34	%	10.16	%	10.87	%
Tier I leverage	8.77	%	9.08	%	8.28	%	8.50	%	9.23	%

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

The tangible equity ratio decreased 18 bps to 6.19 percent. The Tier 1 capital ratio increased 2 bps to 8.53 and the total capital ratio increased 10 bps to 12.25. The Tier 1 and total capital ratios were higher in the third quarter as the reported net loss to common shareholders of $81 million was more than offset by a decrease in risk weighted assets due to lower off balance sheet exposures and the increase in the reserve for loan and lease losses. Our tangible equity to tangible assets ratio target is 6 to 7 percent; the tier 1 capital ratio target is 8 to 9 percent; and our total capital ratio target is 11.5 to 12.5 percent.

Conference Call

Fifth Third will host a conference call to discuss these financial results at 8:00a.m. (Eastern Time) today. This conference call will be webcast live by Thomson Financial and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on “About Fifth Third” then “Investor Relations”). The webcast also is being distributed over Thomson Financial’s Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Financial’s individual investor center at www.earnings.com or by visiting any of the investor sites in Thomson Financial’s Individual Investor Network. Institutional investors can access the call via Thomson Financial’s password-protected event management site, StreetEvents (www.streetevents.com).

Those unable to listen to the live webcast may access a webcast replay or podcast through the Fifth Third Investor Relations website at the same web address. Additionally, a telephone replay of the conference call will be available beginning approximately two hours after the conference call until Tuesday, November 4^th by dialing 800-642-1687 for domestic access and 706-645-9291 for international access (passcode 63867680#).

13

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of September 30, 2008, the Company has $116 billion in assets, operates 18 affiliates with 1,298 full-service Banking Centers, including 93 Bank Mart^® locations open seven days a week inside select grocery stores and 2,329 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2008, has $196 billion in assets under care, of which it managed $30 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 on the NASDAQ^® National Global Select Market under the symbol “FITB.”

FORWARD-LOOKING STATEMENTS

This report may contain forward-looking statements about Fifth Third Bancorp 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 Fifth Third Bancorp 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) general economic conditions and weakening in the economy, specifically the real estate market, either national or in the states in which Fifth Third, does business, are less favorable than expected; (2) deteriorating credit quality; (3) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes in the interest rate environment reduce interest margins; (5) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (6) Fifth Third’s ability to maintain required capital levels and adequate sources of funding and liquidity; (7) changes and trends in capital markets; (8) competitive pressures among depository institutions increase significantly; (9) effects of critical accounting policies and judgments; (10) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; (11) legislative or regulatory changes or actions, or significant litigation, adversely affect Fifth Third, or the businesses in which Fifth Third, one is engaged; (12) ability to maintain favorable ratings from rating agencies; (13) fluctuation of Fifth Third’s stock price; (14) ability to attract and retain key personnel; (15) ability to receive dividends from its subsidiaries; (16) potentially dilutive effect of future acquisitions on current shareholders' ownership of Fifth Third; (17) effects of accounting or financial results of one or more acquired entities; (18) difficulties in combining the operations of acquired entities; (19) inability to generate the gains on sale and related increase in shareholders’ equity that it anticipates from the sale of certain non-core businesses, (20) loss of income from the sale of certain non-core businesses could have an adverse effect on Fifth Third’s earnings and future growth (21) ability to secure confidential information through the use of computer systems and telecommunications networks; and (22) the impact of reputational risk created by these developments 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, 2007, 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 Fifth Third’s Web site at www.53.com. Fifth Third undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this report.

#  #  #

14

Quarterly Financial Review for September 30, 2008

Table of Contents

Financial Highlights	16-17
Consolidated Statements of Income	18
Consolidated Statements of Income (Taxable Equivalent)	19
Consolidated Balance Sheets	20-21
Consolidated Statements of Changes in Shareholders’ Equity	22
Average Balance Sheet and Yield Analysis	23-25
Summary of Loans and Leases	26
Regulatory Capital	27
Summary of Credit Loss Experience	28
Asset Quality	29
Segment Presentation	30

15

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended									% Change				Year to Date						% Change
	September 2008			June 2008			September 2007			Seq		Yr/Yr		September 2008			September 2007			Yr/Yr
Income Statement Data
Net interest income (a)	$	1,068		$	744		$	760		44	%	41	%	$	2,638		$	2,247		17	%
Noninterest income		717			722			681		(1	%)	5	%		2,304			1,958		18	%
Total revenue (a)		1,785			1,466			1,441		22	%	24	%		4,942			4,205		18	%
Provision for loan and lease losses		941			719			139		31	%	578	%		2,203			344		541	%
Noninterest expense		967			858			853		13	%	13	%		2,543			2,370		7	%
Net income (loss)		(56	)		(202	)		325		(72	%)	NM			29			1,060		(97	%)
Net income (loss) available to common shareholders		(81	)		(202	)		325		(60	%)	NM			3			1,059		(100	%)
Common Share Data
Earnings per share, basic		($0.14	)		($0.37	)	$	0.61		(62	%)	NM		$	0.01		$	1.96		(99	%)
Earnings per share, diluted		(0.14	)		(0.37	)		0.61		(62	%)	NM			0.01			1.95		(99	%)
Cash dividends per common share	$	0.15		$	0.15		$	0.42		—		(64	%)	$	0.74		$	1.26		(41	%)
Book value per share		16.65			16.75			17.43		(1	%)	(4	%)		16.65			17.43		(4	%)
Dividend payout ratio		(155.7	%)		(42.7	%)		68.7	%	265	%	NM			1,417.9	%		64.1	%	2,112	%
Market price per share		11.90			10.18			33.88		17	%	(65	%)		11.90			33.88		(65	%)
Common shares outstanding (in thousands)		577,487			577,530			532,627		—		8	%		577,487			532,627		8	%
Average common shares outstanding (in thousands):
Basic		571,705			540,030			530,123		6	%	8	%		546,835			540,551		1	%
Diluted		571,705			540,030			532,471		6	%	7	%		585,506			543,212		8	%
Market capitalization	$	6,872		$	5,879		$	18,045		17	%	(62	%)	$	6,872		$	18,045		(62	%)
Price/earnings ratio (b)		198.33			12.57			16.37		1,478	%	1,112	%		198.33			16.37		1,112	%
Financial Ratios
Return on average assets		(0.28	%)		(0.73	%)		1.26	%	(62	%)	NM			—			1.41	%	(100	%)
Return on average equity		(3.0	%)		(8.4	%)		13.8	%	(64	%)	NM			—			14.7	%	(100	%)
Noninterest income as a percent of total revenue		40	%		49	%		47	%	(18	%)	(15	%)		47	%		47	%	—
Average equity as a percent of average assets		9.45	%		8.59	%		9.13	%	10	%	4	%		8.83	%		9.56	%	(8	%)
Tangible equity (c)		6.19	%		6.37	%		7.00	%	(3	%)	(12	%)		6.19	%		7.00	%	(12	%)
Tangible common equity		5.23	%		5.40	%		6.99	%	(3	%)	(25	%)		5.23	%		6.99	%	(25	%)
Net interest margin (a)		4.24	%		3.04	%		3.34	%	39	%	27	%		3.57	%		3.38	%	6	%
Efficiency (a)		54.2	%		58.6	%		59.2	%	(8	%)	(8	%)		51.4	%		56.4	%	(9	%)
Effective tax rate		56.6	%		(72.4	%)		26.7	%	NM		112	%		84.0	%		28.1	%	199	%
Credit Quality
Net losses charged off	$	463		$	344		$	115		35	%	303	%	$	1,082		$	288		276	%
Net losses charged off as a percent of average loans and leases		2.17	%		1.66	%		0.60	%	31	%	262	%		1.74	%		0.51	%	241	%
Allowance for loan and lease losses as a percent of loans and leases		2.41	%		1.85	%		1.08	%	30	%	123	%		2.41	%		1.08	%	123	%
Allowance for credit losses as a percent of loans and leases		2.56	%		1.98	%		1.19	%	29	%	115	%		2.56	%		1.19	%	115	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned		3.30	%		2.57	%		0.92	%	28	%	255	%		3.30	%		0.92	%	255	%
Average Balances
Loans and leases, including held for sale	$	85,772		$	85,212		$	78,243		1	%	10	%	$	85,302		$	77,059		11	%
Total securities and other short-term investments		14,515			13,363			12,169		9	%	19	%		13,494			11,875		14	%
Total assets		114,784			112,098			102,131		2	%	12	%		112,732			100,707		12	%
Transaction deposits (e)		52,399			53,763			50,922		(3	%)	3	%		53,204			50,657		5	%
Core deposits (f)		63,179			63,280			61,212		—		3	%		63,599			61,357		4	%
Wholesale funding (g)		37,036			35,160			28,001		5	%	32	%		35,145			25,875		36	%
Shareholders’ equity		10,843			9,629			9,324		13	%	16	%		9,953			9,628		3	%
Regulatory Capital Ratios (d)
Tier I capital		8.53	%		8.51	%		8.46	%	—		1	%		8.53	%		8.46	%	1	%
Total risk-based capital		12.25	%		12.15	%		10.87	%	1	%	13	%		12.25	%		10.87	%	13	%
Tier I leverage		8.77	%		9.08	%		9.23	%	(3	%)	(5	%)		8.77	%		9.23	%	(5	%)
Operations
Banking centers		1,298			1,308			1,181		(1	%)	10	%		1,298			1,181		10	%
ATMs		2,329			2,329			2,153		—		8	%		2,329			2,153		8	%
Full-time equivalent employees		21,522			21,617			20,775		—		4	%		21,522			20,775		4	%

(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) Total assets and total shareholders’ equity are reduced by goodwill, intangibles and accumulated other comprehensive income to calculate tangible equity

(d) Current period regulatory capital ratios are estimates

(e) Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers

(f) Includes transaction deposits plus other time deposits

(g) Includes certificates $100,000 and over, other foreign office deposits, federal funds purchased, short-term borrowings and long-term debt

16

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended
	September 2008			June 2008			March 2008			December 2007			September 2007
Income Statement Data
Net interest income (a)	$	1,068		$	744		$	826		$	785		$	760
Noninterest income		717			722			864			509			681
Total revenue (a)		1,785			1,466			1,690			1,294			1,441
Provision for loan and lease losses		941			719			544			284			139
Noninterest expense		967			858			715			940			853
Net income (loss)		(56	)		(202	)		286			16			325
Net income (loss) available to common shareholders		(81	)		(202	)		286			16			325
Common Share Data
Earnings per share, basic		($0.14	)		($0.37	)	$	0.54		$	0.03		$	0.61
Earnings per share, diluted		(0.14	)		(0.37	)		0.54			0.03			0.61
Cash dividends per common share	$	0.15		$	0.15		$	0.44		$	0.44		$	0.42
Book value per share		16.65			16.75			17.56			17.18			17.43
Dividend payout ratio		(155.7	%)		(42.7	%)		81.8	%		1,435.0	%		68.7	%
Market price per share		11.90			10.18			20.92			25.13			33.88
Common shares outstanding (in thousands)		577,487			577,530			532,106			532,672			532,627
Average common shares outstanding (in thousands):
Basic		571,705			540,030			528,498			529,120			530,123
Diluted		571,705			540,030			530,372			530,939			532,471
Market capitalization	$	6,872		$	5,879		$	11,132		$	13,386		$	18,045
Price/earnings ratio (b)		198.33			12.57			11.19			12.69			16.37
Financial Ratios
Return on average assets		(0.28	%)		(0.73	%)		1.03	%		0.06	%		1.26	%
Return on average equity		(3.0	%)		(8.4	%)		12.3	%		0.7	%		13.8	%
Noninterest income as a percent of total revenue		40	%		49	%		51	%		39	%		47	%
Average equity as a percent of average assets		9.45	%		8.59	%		8.43	%		8.77	%		9.13	%
Tangible equity (c)		6.19	%		6.37	%		6.19	%		6.14	%		7.00	%
Tangible common equity		5.23	%		5.40	%		6.19	%		6.14	%		6.99	%
Net interest margin (a)		4.24	%		3.04	%		3.41	%		3.29	%		3.34	%
Efficiency (a)		54.2	%		58.6	%		42.3	%		72.6	%		59.2	%
Effective tax rate		56.6	%		(72.4	%)		32.6	%		74.5	%		26.7	%
Credit Quality
Net losses charged off	$	463		$	344		$	276		$	174		$	115
Net losses charged off as a percent of average loans and leases		2.17	%		1.66	%		1.37	%		0.89	%		0.60	%
Allowance for loan and lease losses as a percent of loans and leases		2.41	%		1.85	%		1.49	%		1.17	%		1.08	%
Allowance for credit losses as a percent of loans and leases		2.56	%		1.98	%		1.62	%		1.29	%		1.19	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned		3.30	%		2.57	%		1.96	%		1.32	%		0.92	%
Average Balances
Loans and leases, including held for sale	$	85,772		$	85,212		$	84,912		$	82,172		$	78,243
Total securities and other short-term investments		14,515			13,363			12,597			12,506			12,169
Total assets		114,784			112,098			111,291			107,727			102,131
Transaction deposits (e)		52,399			53,763			53,458			51,967			50,922
Core deposits (f)		63,179			63,280			64,342			62,978			61,212
Wholesale funding (g)		37,036			35,160			33,219			31,344			28,001
Shareholders’ equity		10,843			9,629			9,379			9,446			9,324
Regulatory Capital Ratios (d)
Tier I capital		8.53	%		8.51	%		7.72	%		7.72	%		8.46	%
Total risk-based capital		12.25	%		12.15	%		11.34	%		10.16	%		10.87	%
Tier I leverage		8.77	%		9.08	%		8.28	%		8.50	%		9.23	%
Operations
Banking centers		1,298			1,308			1,232			1,227			1,181
ATMs		2,329			2,329			2,221			2,211			2,153
Full-time equivalent employees		21,522			21,617			21,726			21,683			20,775

(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) Total assets and total shareholders’ equity are reduced by goodwill, intangibles and accumulated other comprehensive income to calculate tangible equity

(d) Current period regulatory capital ratios are estimates

(e) Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers

(f) Includes transaction deposits plus other time deposits

(g) Includes certificates $100,000 and over, other foreign office deposits, federal funds purchased, short-term borrowings and long-term debt

17

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income

$ in millions

(unaudited)

	For the Three Months Ended								% Change				Year to Date					% Change
	September 2008			June 2008			September 2007		Seq		Yr/Yr		September 2008			September 2007		Yr/Yr
Interest Income
Interest and fees on loans and leases	$	1,378		$	1,050		$	1,376	31	%	—		$	3,718		$	4,032	(8	%)
Interest on securities		165			155			147	6	%	12	%		472			433	9	%
Interest on other short-term investments		5			2			6	110	%	(20	%)		12			12	1	%
Total interest income		1,548			1,207			1,529	28	%	1	%		4,202			4,477	(6	%)
Interest Expense
Interest on deposits		291			278			511	5	%	(43	%)		967			1,514	(36	%)
Interest on short-term borrowings		64			49			93	31	%	(31	%)		193			224	(14	%)
Interest on long-term debt		130			142			171	(8	%)	(24	%)		421			510	(17	%)
Total interest expense		485			469			775	3	%	(37	%)		1,581			2,248	(30	%)
Net Interest Income		1,063			738			754	44	%	41	%		2,621			2,229	18	%
Provision for loan and lease losses		941			719			139	31	%	578	%		2,203			344	541	%
Net interest income after provision for loan and lease losses		122			19			615	536	%	(80	%)		418			1,885	(78	%)
Noninterest Income
Electronic payment processing revenue		235			235			212	—		11	%		682			602	13	%
Service charges on deposits		172			159			151	8	%	13	%		478			419	14	%
Investment advisory revenue		90			92			95	(2	%)	(5	%)		275			288	(5	%)
Corporate banking revenue		104			111			91	(6	%)	15	%		323			261	23	%
Mortgage banking net revenue		45			86			26	(47	%)	74	%		228			107	113	%
Other noninterest income		112			49			93	129	%	21	%		339			267	27	%
Securities gains (losses), net		(63	)		(10	)		13	530	%	NM			(45	)		14	NM
Securities gains, net - non-qualifying hedges on mortgage servicing rights		22			—			—	NM		NM			24			—	NM
Total noninterest income		717			722			681	(1	%)	5	%		2,304			1,958	18	%
Noninterest Expense
Salaries, wages and incentives		321			331			310	(3	%)	4	%		1,000			912	10	%
Employee benefits		72			60			67	19	%	8	%		216			222	(2	%)
Payment processing expense		70			67			65	4	%	8	%		203			176	16	%
Net occupancy expense		77			73			66	5	%	16	%		222			199	12	%
Technology and communications		47			49			41	(4	%)	14	%		142			122	17	%
Equipment expense		34			31			30	10	%	12	%		95			90	5	%
Other noninterest expense		346			247			274	40	%	26	%		665			649	2	%
Total noninterest expense		967			858			853	13	%	13	%		2,543			2,370	7	%
Income (loss) before income taxes		(128	)		(117	)		443	9	%	NM			179			1,473	(88	%)
Applicable income taxes		(72	)		85			118	NM		NM			150			413	(64	%)
Net income (loss)		(56	)		(202	)		325	(72	%)	NM			29			1,060	(97	%)
Dividends on preferred stock		25			—			—	NM		NM			26			1	2,500	%
Net income (loss) available to common shareholders		($81	)		($202	)	$	325	(60	%)	NM		$	3		$	1,059	(100	%)

18

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	September 2008			June 2008			March 2008		December 2007			September 2007
Interest Income
Interest and fees on loans and leases	$	1,378		$	1,050		$	1,290	$	1,386		$	1,376
Interest on securities		165			155			152		157			147
Interest on other short-term investments		5			2			5		7			6
Total interest income		1,548			1,207			1,447		1,550			1,529
Taxable equivalent adjustment		5			6			6		6			6
Total interest income (taxable equivalent)		1,553			1,213			1,453		1,556			1,535
Interest Expense
Interest on deposits		291			278			399		493			511
Interest on short-term borrowings		64			49			80		100			93
Interest on long-term debt		130			142			148		178			171
Total interest expense		485			469			627		771			775
Net interest income (taxable equivalent)		1,068			744			826		785			760
Provision for loan and lease losses		941			719			544		284			139
Net interest income (taxable equivalent) after provision for loan and lease losses		127			25			282		501			621
Noninterest Income
Electronic payment processing revenue		235			235			213		223			212
Service charges on deposits		172			159			147		160			151
Investment advisory revenue		90			92			93		94			95
Corporate banking revenue		104			111			107		106			91
Mortgage banking net revenue		45			86			97		26			26
Other noninterest income		112			49			177		(113	)		93
Securities gains (losses), net		(63	)		(10	)		27		7			13
Securities gains, net - non-qualifying hedges on mortgage servicing rights		22			—			3		6			—
Total noninterest income		717			722			864		509			681
Noninterest Expense
Salaries, wages and incentives		321			331			347		328			310
Employee benefits		72			60			85		56			67
Payment processing expense		70			67			66		68			65
Net occupancy expense		77			73			72		70			66
Technology and communications		47			49			47		47			41
Equipment expense		34			31			31		32			30
Other noninterest expense		346			247			67		339			274
Total noninterest expense		967			858			715		940			853
Income (loss) before income taxes (taxable equivalent)		(123	)		(111	)		431		70			449
Taxable equivalent adjustment		5			6			6		6			6
Income (loss) before income taxes		(128	)		(117	)		425		64			443
Applicable income taxes		(72	)		85			139		48			118
Net income (loss)		(56	)		(202	)		286		16			325
Dividends on preferred stock		25			—			—		—			—
Net income (loss) available to common shareholders		($81	)		($202	)	$	286	$	16		$	325

19

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	September 2008			June 2008			September 2007			Seq		Yr/Yr
Assets
Cash and due from banks	$	2,774		$	2,853		$	2,494		(3	%)	11	%
Available-for-sale and other securities (a)		13,177			12,718			10,777		4	%	22	%
Held-to-maturity securities (b)		360			361			346		—		4	%
Trading securities		915			241			155		279	%	489	%
Other short-term investments		229			286			765		(20	%)	(70	%)
Loans held for sale		1,000			889			2,761		13	%	(64	%)
Portfolio loans and leases:
Commercial loans		29,424			28,958			22,649		2	%	30	%
Commercial mortgage loans		13,355			13,394			11,090		—		20	%
Commercial construction loans		6,002			6,007			5,463		—		10	%
Commercial leases		3,642			3,647			3,710		—		(2	%)
Residential mortgage loans		9,351			9,866			9,057		(5	%)	3	%
Home equity		12,599			12,421			11,737		1	%	7	%
Automobile loans		8,306			8,362			10,006		(1	%)	(17	%)
Credit card		1,688			1,717			1,460		(2	%)	16	%
Other consumer loans and leases		1,131			1,152			1,082		(2	%)	5	%
Portfolio loans and leases		85,498			85,524			76,254		—		12	%
Allowance for loan and lease losses		(2,058	)		(1,580	)		(827	)	30	%	149	%
Portfolio loans and leases, net		83,440			83,944			75,427		(1	%)	11	%
Bank premises and equipment		2,470			2,444			2,127		1	%	16	%
Operating lease equipment		369			364			283		1	%	31	%
Goodwill		3,592			3,603			2,192		—		64	%
Intangible assets		188			203			138		(7	%)	36	%
Servicing rights		687			701			626		(2	%)	10	%
Other assets		7,093			6,368			6,174		11	%	15	%
Total assets	$	116,294		$	114,975		$	104,265		1	%	12	%
Liabilities
Deposits:
Demand	$	14,241		$	16,259		$	13,174		(12	%)	8	%
Interest checking		13,251			14,002			14,294		(5	%)	(7	%)
Savings		15,955			16,602			15,599		(4	%)	2	%
Money market		5,352			6,806			6,163		(21	%)	(13	%)
Foreign office		1,999			2,174			2,014		(8	%)	(1	%)
Other time		11,778			9,839			10,267		20	%	15	%
Certificates - $100,000 and over		13,173			10,870			5,973		21	%	121	%
Other foreign office		1,711			864			1,898		98	%	(10	%)
Total deposits		77,460			77,416			69,382		—		12	%
Federal funds purchased		2,521			2,447			5,130		3	%	(51	%)
Other short-term borrowings		8,791			5,628			3,796		56	%	132	%
Accrued taxes, interest and expenses		1,757			1,864			2,295		(6	%)	(23	%)
Other liabilities		2,122			1,820			1,871		17	%	13	%
Long-term debt		12,947			15,046			12,498		(14	%)	4	%
Total liabilities		105,598			104,221			94,972		1	%	11	%
Total shareholders’ equity (c)		10,696			10,754			9,293		(1	%)	15	%
Total liabilities and shareholders’ equity	$	116,294		$	114,975		$	104,265		1	%	12	%
(a)    Amortized cost	$	13,249		$	12,935		$	11,007		2	%	20	%
(b)    Market values		360			361			346		—		4	%
(c)    Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			1,300,000		—		54	%
Outstanding, excluding treasury		577,487			577,530			532,627		—		8	%
Treasury		5,941			5,897			50,800		1	%	(88	%)

20

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	September 2008			June 2008			March 2008			December 2007			September 2007
Assets
Cash and due from banks	$	2,774		$	2,853		$	3,092		$	2,660		$	2,494
Available-for-sale and other securities (a)		13,177			12,718			12,421			10,677			10,777
Held-to-maturity securities (b)		360			361			353			355			346
Trading securities		915			241			184			171			155
Other short-term investments		229			286			517			620			765
Loans held for sale		1,000			889			2,573			4,329			2,761
Portfolio loans and leases:
Commercial loans		29,424			28,958			26,590			24,813			22,649
Commercial mortgage loans		13,355			13,394			12,155			11,862			11,090
Commercial construction loans		6,002			6,007			5,592			5,561			5,463
Commercial leases		3,642			3,647			3,727			3,737			3,710
Residential mortgage loans		9,351			9,866			9,873			10,540			9,057
Home equity		12,599			12,421			11,803			11,874			11,737
Automobile loans		8,306			8,362			8,394			9,201			10,006
Credit card		1,688			1,717			1,686			1,591			1,460
Other consumer loans and leases		1,131			1,152			1,066			1,074			1,082
Portfolio loans and leases		85,498			85,524			80,886			80,253			76,254
Allowance for loan and lease losses		(2,058	)		(1,580	)		(1,205	)		(937	)		(827	)
Portfolio loans and leases, net		83,440			83,944			79,681			79,316			75,427
Bank premises and equipment		2,470			2,444			2,265			2,223			2,127
Operating lease equipment		369			364			317			353			283
Goodwill		3,592			3,603			2,460			2,470			2,192
Intangible assets		188			203			143			147			138
Servicing rights		687			701			596			618			626
Other assets		7,093			6,368			6,794			7,023			6,174
Total assets	$	116,294		$	114,975		$	111,396		$	110,962		$	104,265
Liabilities
Deposits:
Demand	$	14,241		$	16,259		$	14,949		$	14,404		$	13,174
Interest checking		13,251			14,002			14,842			15,254			14,294
Savings		15,955			16,602			16,572			15,635			15,599
Money market		5,352			6,806			7,077			6,521			6,163
Foreign office		1,999			2,174			2,354			2,572			2,014
Other time		11,778			9,839			9,883			11,440			10,267
Certificates - $100,000 and over		13,173			10,870			4,993			6,738			5,973
Other foreign office		1,711			864			731			2,881			1,898
Total deposits		77,460			77,416			71,401			75,445			69,382
Federal funds purchased		2,521			2,447			5,612			4,427			5,130
Other short-term borrowings		8,791			5,628			6,387			4,747			3,796
Accrued taxes, interest and expenses		1,757			1,864			2,377			2,427			2,295
Other liabilities		2,122			1,820			2,226			1,898			1,871
Long-term debt		12,947			15,046			14,041			12,857			12,498
Total liabilities		105,598			104,221			102,044			101,801			94,972
Total shareholders’ equity (c)		10,696			10,754			9,352			9,161			9,293
Total liabilities and shareholders’ equity	$	116,294		$	114,975		$	111,396		$	110,962		$	104,265
(a)    Amortized cost	$	13,249		$	12,935		$	12,417		$	10,821		$	11,007
(b)    Market values		360			361			353			355			346
(c)    Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			1,300,000			1,300,000			1,300,000
Outstanding, excluding treasury		577,487			577,530			532,106			532,672			532,627
Treasury		5,941			5,897			51,321			51,516			50,800

21

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Shareholders’ Equity

$ in millions

(unaudited)

	For the Three Months Ended						Year to Date
	September 2008			September 2007			September 2008			September 2007
Total shareholders’ equity, beginning	$	10,754		$	9,191		$	9,161		$	10,022
Net income (loss)		(56	)		325			29			1,060
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		85			81			47			(30	)
Qualifying cash flow hedges		7			13			15			7
Change in accumulated other comprehensive income related to employee benefit plans		1			1			4			4
Comprehensive income		37			420			95			1,041
Cash dividends declared:
Common stock		(87	)		(224	)		(408	)		(680	)
Preferred stock		(25	)		—			(26	)		(1	)
Issuance of preferred stock		—			—			1,072			—
Stock-based awards exercised, including treasury shares issued		—			1			—			46
Stock-based compensation expense		15			11			43			46
Loans repaid (issued) related to exercise of stock-based awards, net		1			1			2			3
Change in corporate tax benefit related to stock-based compensation		—			1			(15	)		4
Shares issued in an acquisition		—			—			770			—
Shares acquired for treasury		—			(110	)		—			(1,084	)
Impact of cumulative effect of change in accounting principle (a)		—			—			—			(98	)
Other		1			2			2			(6	)
Total shareholders’ equity, ending	$	10,696		$	9,293		$	10,696		$	9,293

(a) 2007 includes $96 million impact due to the adoption of FSP FAS 13-2, “Accounting for a Change or Projected Change in the Timing of Cash Flows Relating to Income Taxes Generated by a Leverage Lease Transaction” on January 1, 2007 and $2 million impact due to the adoption of FIN No. 48, “Accounting for Uncertainty in Income Taxes—An Interpretation of FASB Statement No. 109” on January 1, 2007.

22

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	September 2008			June 2008			September 2007			Seq		Yr/Yr
Assets
Interest-earning assets:
Commercial loans	$	28,284		$	28,557		$	22,345		(1	%)	27	%
Commercial mortgage loans		13,257			12,590			11,117		5	%	19	%
Commercial construction loans		6,110			5,700			5,499		7	%	11	%
Commercial leases		3,642			3,747			3,700		(3	%)	(2	%)
Residential mortgage loans		10,711			11,244			10,396		(5	%)	3	%
Home equity		12,534			12,012			11,752		4	%	7	%
Automobile loans		8,303			8,439			10,865		(2	%)	(24	%)
Credit card		1,720			1,703			1,366		1	%	26	%
Other consumer loans and leases		1,211			1,220			1,203		(1	%)	1	%
Taxable securities		13,310			12,554			11,180		6	%	19	%
Tax exempt securities		315			364			490		(13	%)	(36	%)
Other short-term investments		890			445			499		100	%	79	%
Total interest-earning assets		100,287			98,575			90,412		2	%	11	%
Cash and due from banks		2,468			2,357			2,189		5	%	13	%
Other assets		13,683			12,370			10,330		11	%	32	%
Allowance for loan and lease losses		(1,654	)		(1,204	)		(800	)	37	%	107	%
Total assets	$	114,784		$	112,098		$	102,131		2	%	12	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	13,843		$	14,396		$	14,334		(4	%)	(3	%)
Savings		16,154			16,583			15,390		(3	%)	5	%
Money market		6,051			6,592			6,247		(8	%)	(3	%)
Foreign office		2,126			2,169			1,808		(2	%)	18	%
Other time		10,780			9,517			10,290		13	%	5	%
Certificates - $100,000 and over		11,623			8,143			6,062		43	%	92	%
Other foreign office		395			2,948			1,981		(87	%)	(80	%)
Federal funds purchased		1,013			3,643			4,322		(72	%)	(77	%)
Other short-term borrowings		9,613			5,623			3,285		71	%	193	%
Long-term debt		14,392			14,803			12,351		(3	%)	17	%
Total interest-bearing liabilities		85,990			84,417			76,070		2	%	13	%
Demand deposits		14,225			14,023			13,143		1	%	8	%
Other liabilities		3,726			4,029			3,594		(8	%)	4	%
Total liabilities		103,941			102,469			92,807		1	%	12	%
Shareholders’ equity		10,843			9,629			9,324		13	%	16	%
Total liabilities and shareholders’ equity	$	114,784		$	112,098		$	102,131		2	%	12	%
Yield Analysis
Interest-earning assets:
Commercial loans		5.46	%		5.04	%		7.45	%
Commercial mortgage loans		8.71	%		5.93	%		7.31	%
Commercial construction loans		6.97	%		5.44	%		7.55	%
Commercial leases		3.85	%		-9.77	%		4.23	%
Residential mortgage loans		7.05	%		6.10	%		6.12	%
Home equity		5.76	%		5.61	%		7.63	%
Automobile loans		6.32	%		6.23	%		6.34	%
Credit card		9.93	%		9.28	%		10.03	%
Other consumer loans and leases		4.93	%		4.97	%		5.29	%
Total loans and leases		6.41	%		4.97	%		6.99	%
Taxable securities		4.81	%		4.83	%		5.00	%
Tax exempt securities		7.38	%		7.32	%		7.17	%
Other short-term investments		2.21	%		2.12	%		4.93	%
Total interest-earning assets		6.16	%		4.95	%		6.73	%
Interest-bearing liabilities:
Interest checking		0.78	%		0.78	%		2.14	%
Savings		1.29	%		1.16	%		3.15	%
Money market		1.67	%		1.76	%		4.35	%
Foreign office		1.37	%		1.42	%		4.33	%
Other time		3.31	%		3.52	%		4.61	%
Certificates - $100,000 and over		2.97	%		3.29	%		5.11	%
Other foreign office		1.83	%		2.10	%		5.12	%
Federal funds purchased		1.78	%		2.08	%		5.15	%
Other short-term borrowings		2.46	%		2.15	%		4.50	%
Long-term debt		3.63	%		3.85	%		5.47	%
Total interest-bearing liabilities		2.25	%		2.23	%		4.04	%
Ratios:
Net interest margin (taxable equivalent)		4.24	%		3.04	%		3.34	%
Net interest rate spread (taxable equivalent)		3.91	%		2.72	%		2.69	%
Interest-bearing liabilities to interest-earning assets		85.74	%		85.64	%		84.14	%

23

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	Year to Date						% Change
	September 2008			September 2007			Yr/Yr
Assets
Interest-earning assets:
Commercial loans	$	27,821		$	21,619		29	%
Commercial mortgage loans		12,635			10,906		16	%
Commercial construction loans		5,797			5,701		2	%
Commercial leases		3,704			3,680		1	%
Residential mortgage loans		11,216			10,255		9	%
Home equity		12,132			11,902		2	%
Automobile loans		9,092			10,551		(14	%)
Credit card		1,694			1,213		40	%
Other consumer loans and leases		1,211			1,232		(2	%)
Taxable securities		12,477			11,054		13	%
Tax exempt securities		360			511		(29	%)
Other short-term investments		657			310		112	%
Total interest-earning assets		98,796			88,934		11	%
Cash and due from banks		2,354			2,224		6	%
Other assets		12,847			10,333		24	%
Allowance for loan and lease losses		(1,265	)		(784	)	61	%
Total assets	$	112,732		$	100,707		12	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	14,357		$	14,964		(4	%)
Savings		16,270			14,573		12	%
Money market		6,511			6,289		4	%
Foreign office		2,246			1,598		41	%
Other time		10,395			10,700		(3	%)
Certificates - $100,000 and over		8,545			6,416		33	%
Other foreign office		2,394			1,032		132	%
Federal funds purchased		3,297			3,462		(5	%)
Other short-term borrowings		6,735			2,689		150	%
Long-term debt		14,174			12,276		15	%
Total interest-bearing liabilities		84,924			73,999		15	%
Demand deposits		13,820			13,233		4	%
Other liabilities		4,035			3,847		5	%
Total liabilities		102,779			91,079		13	%
Shareholders’ equity		9,953			9,628		3	%
Total liabilities and shareholders’ equity	$	112,732		$	100,707		12	%
Yield Analysis
Interest-earning assets:
Commercial loans		5.49	%		7.47	%
Commercial mortgage loans		7.02	%		7.31	%
Commercial construction loans		6.04	%		7.67	%
Commercial leases		-0.57	%		4.29	%
Residential mortgage loans		6.42	%		6.13	%
Home equity		5.94	%		7.66	%
Automobile loans		6.33	%		6.26	%
Credit card		9.46	%		10.82	%
Other consumer loans and leases		5.14	%		5.29	%
Total loans and leases		5.84	%		7.01	%
Taxable securities		4.92	%		5.01	%
Tax exempt securities		7.34	%		7.32	%
Other short-term investments		2.47	%		5.17	%
Total interest-earning assets		5.70	%		6.76	%
Interest-bearing liabilities:
Interest checking		1.00	%		2.22	%
Savings		1.42	%		3.21	%
Money market		2.08	%		4.42	%
Foreign office		1.79	%		4.35	%
Other time		3.72	%		4.61	%
Certificates - $100,000 and over		3.40	%		5.14	%
Other foreign office		2.69	%		5.19	%
Federal funds purchased		2.67	%		5.24	%
Other short-term borrowings		2.51	%		4.41	%
Long-term debt		3.97	%		5.55	%
Total interest-bearing liabilities		2.49	%		4.06	%
Ratios:
Net interest margin (taxable equivalent)		3.57	%		3.38	%
Net interest rate spread (taxable equivalent)		3.21	%		2.70	%
Interest-bearing liabilities to interest-earning assets		85.96	%		83.21	%

24

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	September 2008			June 2008			March 2008			December 2007			September 2007
Assets
Interest-earning assets:
Commercial loans	$	28,284		$	28,557		$	26,617		$	24,526		$	22,345
Commercial mortgage loans		13,257			12,590			12,052			11,588			11,117
Commercial construction loans		6,110			5,700			5,577			5,544			5,499
Commercial leases		3,642			3,747			3,723			3,692			3,700
Residential mortgage loans		10,711			11,244			11,699			11,181			10,396
Home equity		12,534			12,012			11,846			11,843			11,752
Automobile loans		8,303			8,439			10,542			11,158			10,865
Credit card		1,720			1,703			1,660			1,461			1,366
Other consumer loans and leases		1,211			1,220			1,196			1,179			1,203
Taxable securities		13,310			12,554			11,560			11,360			11,180
Tax exempt securities		315			364			403			464			490
Other short-term investments		890			445			634			682			499
Total interest-earning assets		100,287			98,575			97,509			94,678			90,412
Cash and due from banks		2,468			2,357			2,236			2,424			2,189
Other assets		13,683			12,370			12,477			11,444			10,330
Allowance for loan and lease losses		(1,654	)		(1,204	)		(931	)		(819	)		(800	)
Total assets	$	114,784		$	112,098		$	111,291		$	107,727		$	102,131
Liabilities
Interest-bearing liabilities:
Interest checking	$	13,843		$	14,396		$	14,836		$	14,394		$	14,334
Savings		16,154			16,583			16,075			15,616			15,390
Money market		6,051			6,592			6,896			6,363			6,247
Foreign office		2,126			2,169			2,443			2,249			1,808
Other time		10,780			9,517			10,884			11,011			10,290
Certificates - $100,000 and over		11,623			8,143			5,835			6,613			6,062
Other foreign office		395			2,948			3,861			2,464			1,981
Federal funds purchased		1,013			3,643			5,258			4,189			4,322
Other short-term borrowings		9,613			5,623			4,937			4,890			3,285
Long-term debt		14,392			14,803			13,328			13,188			12,351
Total interest-bearing liabilities		85,990			84,417			84,353			80,977			76,070
Demand deposits		14,225			14,023			13,208			13,345			13,143
Other liabilities		3,726			4,029			4,351			3,959			3,594
Total liabilities		103,941			102,469			101,912			98,281			92,807
Shareholders’ equity		10,843			9,629			9,379			9,446			9,324
Total liabilities and shareholders’ equity	$	114,784		$	112,098		$	111,291		$	107,727		$	102,131
Yield Analysis
Interest-earning assets:
Commercial loans		5.46	%		5.04	%		5.99	%		6.99	%		7.45	%
Commercial mortgage loans		8.71	%		5.93	%		6.28	%		7.00	%		7.31	%
Commercial construction loans		6.97	%		5.44	%		5.64	%		6.75	%		7.55	%
Commercial leases		3.85	%		-9.77	%		4.30	%		4.26	%		4.23	%
Residential mortgage loans		7.05	%		6.10	%		6.14	%		6.10	%		6.12	%
Home equity		5.76	%		5.61	%		6.46	%		7.20	%		7.63	%
Automobile loans		6.32	%		6.23	%		6.41	%		6.41	%		6.34	%
Credit card		9.93	%		9.28	%		9.15	%		9.31	%		10.03	%
Other consumer loans and leases		4.93	%		4.97	%		5.52	%		5.56	%		5.29	%
Total loans and leases		6.41	%		4.97	%		6.13	%		6.70	%		6.99	%
Taxable securities		4.81	%		4.83	%		5.13	%		5.29	%		5.00	%
Tax exempt securities		7.38	%		7.32	%		7.31	%		7.20	%		7.17	%
Other short-term investments		2.21	%		2.12	%		3.08	%		4.30	%		4.93	%
Total interest-earning assets		6.16	%		4.95	%		5.99	%		6.52	%		6.73	%
Interest-bearing liabilities:
Interest checking		0.78	%		0.78	%		1.44	%		1.91	%		2.14	%
Savings		1.29	%		1.16	%		1.81	%		2.69	%		3.15	%
Money market		1.67	%		1.76	%		2.74	%		3.80	%		4.35	%
Foreign office		1.37	%		1.42	%		2.48	%		3.74	%		4.33	%
Other time		3.31	%		3.52	%		4.30	%		4.53	%		4.61	%
Certificates - $100,000 and over		2.97	%		3.29	%		4.44	%		4.88	%		5.11	%
Other foreign office		1.83	%		2.10	%		3.22	%		4.57	%		5.12	%
Federal funds purchased		1.78	%		2.08	%		3.26	%		4.55	%		5.15	%
Other short-term borrowings		2.46	%		2.15	%		3.02	%		4.19	%		4.50	%
Long-term debt		3.63	%		3.85	%		4.48	%		5.36	%		5.47	%
Total interest-bearing liabilities		2.25	%		2.23	%		2.99	%		3.78	%		4.04	%
Ratios:
Net interest margin (taxable equivalent)		4.24	%		3.04	%		3.41	%		3.29	%		3.34	%
Net interest rate spread (taxable equivalent)		3.91	%		2.72	%		3.00	%		2.74	%		2.69	%
Interest-bearing liabilities to interest-earning assets		85.74	%		85.64	%		86.51	%		85.53	%		84.14	%

25

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	September 2008		June 2008		March 2008		December 2007		September 2007
Average Loans and Leases
Commercial:
Commercial loans	$	28,284	$	28,299	$	25,367	$	23,650	$	22,183
Commercial mortgage loans		13,257		12,590		12,016		11,497		11,041
Commercial construction loans		6,110		5,700		5,577		5,544		5,499
Commercial leases		3,641		3,747		3,723		3,692		3,698
Subtotal - commercial		51,292		50,336		46,683		44,383		42,421
Consumer:
Residential mortgage loans		9,681		9,922		10,395		9,943		8,765
Home equity		12,534		12,012		11,846		11,843		11,752
Automobile loans		8,303		8,439		9,278		9,445		10,853
Credit card		1,720		1,703		1,660		1,461		1,366
Other consumer loans and leases		1,165		1,125		1,083		1,099		1,138
Subtotal - consumer		33,403		33,201		34,262		33,791		33,874
Total average loans and leases (excluding held for sale)	$	84,695	$	83,537	$	80,945	$	78,174	$	76,295
Average loans held for sale		1,077		1,676		3,967		3,998		1,950
End of Period Loans and Leases
Commercial:
Commercial loans	$	29,424	$	28,958	$	26,590	$	24,813	$	22,649
Commercial mortgage loans		13,355		13,394		12,155		11,862		11,090
Commercial construction loans		6,002		6,007		5,592		5,561		5,463
Commercial leases		3,642		3,647		3,727		3,737		3,710
Subtotal - commercial		52,423		52,006		48,064		45,973		42,912
Consumer:
Residential mortgage loans		9,351		9,866		9,873		10,540		9,057
Home equity		12,599		12,421		11,803		11,874		11,737
Automobile loans		8,306		8,362		8,394		9,201		10,006
Credit card		1,688		1,717		1,686		1,591		1,460
Other consumer loans and leases		1,131		1,152		1,066		1,074		1,082
Subtotal - consumer		33,075		33,518		32,822		34,280		33,342
Total portfolio loans and leases	$	85,498	$	85,524	$	80,886	$	80,253	$	76,254
Loans held for sale		1,000		889		2,573		4,329		2,761
Operating lease equipment		369		364		317		353		283
Loans and Leases Serviced for Others (a):
Commercial loans		3,016		3,463		3,429		3,441		3,481
Commercial mortgage loans		290		279		250		260		203
Commercial construction loans		271		287		257		231		211
Commercial leases		167		174		182		179		174
Residential mortgage loans		39,777		38,740		36,487		34,475		33,109
Home equity		274		275		279		289		304
Automobile loans		2,138		2,358		2,619		—		—
Credit card		18		16		19		20		21
Other consumer loans and leases		8		5		20		17		17
Total loans and leases serviced for others		45,959		45,597		43,542		38,912		37,520
Total loans and leases serviced	$	132,826	$	132,374	$	127,318	$	123,847	$	116,818

(a) Fifth Third sells certain loans and leases and obtains servicing responsibilities

26

Fifth Third Bancorp and Subsidiaries

Regulatory Capital (a)

$ in millions

(unaudited)

	As of
	September 2008			June 2008			March 2008			December 2007			September 2007
Tier I capital:
Shareholders’ equity	$	10,696		$	10,754		$	9,352		$	9,161		$	9,293
Goodwill and certain other intangibles		(3,728	)		(3,774	)		(2,571	)		(2,590	)		(2,299	)
Unrealized (gains) losses		54			141			(23	)		118			196
Qualifying trust preferred securities		2,763			2,763			2,302			2,303			1,390
Other		(50	)		(55	)		(67	)		(68	)		621
Total tier I capital	$	9,735		$	9,829		$	8,993		$	8,924		$	9,201
Total risk-based capital:
Tier I capital	$	9,735		$	9,829		$	8,993		$	8,924		$	9,201
Qualifying allowance for credit losses		1,420			1,429			1,327			1,051			926
Qualifying subordinated notes		2,824			2,773			2,884			1,758			1,697
Total risk-based capital	$	13,979		$	14,031		$	13,204		$	11,733		$	11,824
Risk-weighted assets	$	114,068		$	115,481		$	116,451		$	115,529		$	108,754
Ratios:
Average shareholders’ equity to average assets		9.45	%		8.59	%		8.43	%		8.77	%		9.13	%
Regulatory capital:
Tier I capital		8.53	%		8.51	%		7.72	%		7.72	%		8.46	%
Total risk-based capital		12.25	%		12.15	%		11.34	%		10.16	%		10.87	%
Tier I leverage		8.77	%		9.08	%		8.28	%		8.50	%		9.23	%

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

27

Fifth Third Bancorp and Subsidiaries

Summary of Credit Loss Experience

$ in millions

(unaudited)

	For the Three Months Ended
	September 2008			June 2008			March 2008			December 2007			September 2007
Average loans and leases (excluding held for sale):
Commercial loans	$	28,284		$	28,299		$	25,367		$	23,650		$	22,183
Commercial mortgage loans		13,257			12,590			12,016			11,497			11,041
Commercial construction loans		6,110			5,700			5,577			5,544			5,499
Commercial leases		3,641			3,747			3,723			3,692			3,698
Residential mortgage loans		9,681			9,922			10,395			9,943			8,765
Home equity		12,534			12,012			11,846			11,843			11,752
Automobile loans		8,303			8,439			9,278			9,445			10,853
Credit card		1,720			1,703			1,660			1,461			1,366
Other consumer loans and leases		1,165			1,125			1,083			1,099			1,138
Total average loans and leases (excluding held for sale)	$	84,695		$	83,537		$	80,945		$	78,174		$	76,295
Losses charged off:
Commercial loans	$	(89	)	$	(109	)	$	(39	)	$	(50	)	$	(24	)
Commercial mortgage loans		(94	)		(22	)		(33	)		(16	)		(8	)
Commercial construction loans		(88	)		(49	)		(72	)		(12	)		(5	)
Commercial leases		—			—			—			—			—
Residential mortgage loans		(77	)		(63	)		(34	)		(18	)		(9	)
Home equity		(58	)		(57	)		(42	)		(35	)		(29	)
Automobile loans		(40	)		(35	)		(44	)		(37	)		(32	)
Credit card		(25	)		(23	)		(21	)		(17	)		(14	)
Other consumer loans and leases		(10	)		(7	)		(8	)		(8	)		(6	)
Total losses		(481	)		(365	)		(293	)		(193	)		(127	)
Recoveries of losses previously charged off:
Commercial loans		4			2			3			2			1
Commercial mortgage loans		—			1			—			1			—
Commercial construction loans		—			—			—			—			—
Commercial leases		—			—			—			—			—
Residential mortgage loans		—			—			—			—			—
Home equity		3			3			1			3			2
Automobile loans		8			9			9			7			7
Credit card		1			2			1			2			1
Other consumer loans and leases		2			4			3			4			1
Total recoveries		18			21			17			19			12
Net losses charged off:
Commercial loans		(85	)		(107	)		(36	)		(48	)		(23	)
Commercial mortgage loans		(94	)		(21	)		(33	)		(15	)		(8	)
Commercial construction loans		(88	)		(49	)		(72	)		(12	)		(5	)
Commercial leases		—			—			—			—			—
Residential mortgage loans		(77	)		(63	)		(34	)		(18	)		(9	)
Home equity		(55	)		(54	)		(41	)		(32	)		(27	)
Automobile loans		(32	)		(26	)		(35	)		(30	)		(25	)
Credit card		(24	)		(21	)		(20	)		(15	)		(13	)
Other consumer loans and leases		(8	)		(3	)		(5	)		(4	)		(5	)
Total net losses charged off	$	(463	)	$	(344	)	$	(276	)	$	(174	)	$	(115	)
Net charge-off Ratios:
Commercial loans		1.19	%		1.52	%		0.57	%		0.80	%		0.41	%
Commercial mortgage loans		2.82	%		0.66	%		1.10	%		0.52	%		0.26	%
Commercial construction loans		5.71	%		3.46	%		5.20	%		0.83	%		0.35	%
Commercial leases		(0.03	)%		(0.01	)%		—			(0.01	)%		(0.01	)%
Residential mortgage loans		3.16	%		2.57	%		1.33	%		0.72	%		0.41	%
Home equity		1.77	%		1.83	%		1.39	%		1.10	%		0.94	%
Automobile loans		1.51	%		1.21	%		1.52	%		1.27	%		0.91	%
Credit card		5.45	%		4.93	%		4.78	%		3.91	%		3.59	%
Other consumer loans and leases		2.84	%		1.31	%		1.78	%		1.86	%		1.99	%
Total net charge-off ratio		2.17	%		1.66	%		1.37	%		0.89	%		0.60	%

28

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	September 2008			June 2008			March 2008			December 2007			September 2007
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	1,580		$	1,205		$	937		$	827		$	803
Total net losses charged off		(463	)		(344	)		(276	)		(174	)		(115	)
Provision for loan and lease losses		941			719			544			284			139
Allowance for loan and lease losses, ending	$	2,058		$	1,580		$	1,205		$	937		$	827
Reserve for unfunded commitments, beginning	$	115		$	103		$	95		$	79		$	77
Provision for unfunded commitments		17			10			8			13			2
Acquisitions		—			2			—			3			—
Reserve for unfunded commitments, ending	$	132		$	115		$	103		$	95		$	79
Components of allowance for credit losses:
Allowance for loan and lease losses	$	2,058		$	1,580		$	1,205		$	937		$	827
Reserve for unfunded commitments		132			115			103			95			79
Total allowance for credit losses	$	2,190		$	1,695		$	1,308		$	1,032		$	906
Nonperforming Assets and Delinquent Loans
Nonaccrual loans and leases (a)	$	2,606		$	1,988		$	1,388		$	893		$	569
Other assets, including other real estate owned		222			212			204			171			137
Total nonperforming assets	$	2,828		$	2,200		$	1,592		$	1,064		$	706
Ninety days past due loans and leases (b)	$	671		$	608		$	539		$	491		$	360
Ratios
Net losses charged off as a percent of average loans and leases		2.17	%		1.66	%		1.37	%		0.89	%		0.60	%
Allowance for loan and lease losses as a percent of loans and leases		2.41	%		1.85	%		1.49	%		1.17	%		1.08	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned		3.30	%		2.57	%		1.96	%		1.32	%		0.92	%

(a) Includes $258 million of residential mortgage loans and $168 million of consumer debt restructurings as of September 30, 2008.

(b) Includes $185 million of residential mortgage loans as of September 30, 2008.

29

Fifth Third Bancorp and Subsidiaries

Segment Presentation

$ in millions

(unaudited)

For the three months ended September 30, 2008	Commercial Banking		Branch Banking		Consumer Lending		Processing Solutions		Investment Advisors		Other/ Eliminations		Total
Net interest income (a)	502		442		141		1		46		(64	)	1,068
Provision for loan and lease losses	(235	)	(87	)	(124	)	(3	)	(12	)	(480	)	(941	)
Net interest income after provision for loan and lease losses	267		355		17		(2	)	34		(544	)	127
Total noninterest income	161		212		73		213		96		(38	)	717
Total noninterest expense	(228	)	(310	)	(81	)	(144	)	(90	)	(114	)	(967	)
Net income (loss) before taxes	200		257		9		67		40		(696	)	(123	)
Applicable income taxes (a)	(45	)	(91	)	(3	)	(24	)	(14	)	244		67
Net income (loss)	155		166		6		43		26		(452	)	(56	)
Dividends on preferred stock	—		—		—		—		—		25		25
Net income (loss) available to common shareholders	155		166		6		43		26		(477	)	(81	)
For the three months ended June 30, 2008	Commercial Banking		Branch Banking		Consumer Lending		Processing Solutions		Investment Advisors		Other/ Eliminations		Total
Net interest income (a)	350		400		104		—		47		(157	)	744
Provision for loan and lease losses	(156	)	(75	)	(104	)	(3	)	(5	)	(376	)	(719	)
Net interest income after provision for loan and lease losses	194		325		—		(3	)	42		(533	)	25
Total noninterest income	158		212		85		216		101		(50	)	722
Total noninterest expense	(216	)	(308	)	(87	)	(141	)	(99	)	(7	)	(858	)
Net income (loss) before taxes	136		229		(2	)	72		44		(590	)	(111	)
Applicable income taxes (a)	(22	)	(81	)	1		(25	)	(16	)	52		(91	)
Net Income (loss)	114		148		(1	)	47		28		(538	)	(202	)
For the three months ended March 31, 2008	Commercial Banking		Branch Banking		Consumer Lending		Processing Solutions		Investment Advisors		Other/ Eliminations		Total
Net interest income (a)	359		384		117		1		45		(80	)	826
Provision for loan and lease losses	(126	)	(64	)	(77	)	(3	)	(6	)	(268	)	(544	)
Net interest income after provision for loan and lease losses	233		320		40		(2	)	39		(348	)	282
Total noninterest income	160		191		112		198		102		101		864
Total noninterest expense	(222	)	(296	)	(90	)	(136	)	(95	)	124		(715	)
Net income before taxes	171		215		62		60		46		(123	)	431
Applicable income taxes (a)	(36	)	(76	)	(22	)	(21	)	(16	)	26		(145	)
Net Income (loss)	135		139		40		39		30		(97	)	286
For the three months ended December 31, 2007	Commercial Banking		Branch Banking		Consumer Lending		Processing Solutions		Investment Advisors		Other/ Eliminations		Total
Net interest income (a)	335		383		105		(3	)	40		(75	)	785
Provision for loan and lease losses	(57	)	(58	)	(55	)	(2	)	(3	)	(109	)	(284	)
Net interest income after provision for loan and lease losses	278		325		50		(5	)	37		(184	)	501
Total noninterest income	161		208		42		202		100		(204	)	509
Total noninterest expense	(211	)	(292	)	(64	)	(135	)	(97	)	(141	)	(940	)
Net income before tax	228		241		28		62		40		(529	)	70
Applicable income taxes (a)	(57	)	(85	)	(10	)	(22	)	(14	)	134		(54	)
Net Income (loss)	171		156		18		40		26		(395	)	16
For the three months ended September 30, 2007	Commercial Banking		Branch Banking		Consumer Lending		Processing Solutions		Investment Advisors		Other/ Eliminations		Total
Net interest income (a)	330		374		97		(3	)	39		(77	)	760
Provision for loan and lease losses	(22	)	(44	)	(40	)	(3	)	(5	)	(25	)	(139	)
Net interest income after provision for loan and lease losses	308		330		57		(6	)	34		(102	)	621
Total noninterest income	136		203		46		190		102		4		681
Total noninterest expense	(193	)	(277	)	(60	)	(124	)	(96	)	(103	)	(853	)
Net income (loss) before taxes	251		256		43		60		40		(201	)	449
Applicable income taxes (a)	(68	)	(90	)	(15	)	(21	)	(14	)	84		(124	)
Net income (loss)	183		166		28		39		26		(117	)	325

(a) Includes taxable equivalent adjustments of $5 million for the three months ended September 30, 2008 and $6 million for all other periods presented.

30

EX-99.2

Exhibit 99.2

October 2008

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	VP/Investor Relations
(513) 534-0983	(513) 534-8424

Quarterly Data

	Three Months Ended
	September 30, 2008			June 30, 2008			March 31, 2008		December 31, 2007		September 30, 2007		June 30, 2007		March 31, 2007		December 31, 2006
Ratios (percent)
Return on average assets		(0.28	)		(0.73	)		1.03		0.06		1.26		1.49		1.47		0.25
Return on average equity		(3.0	)		(8.4	)		12.3		0.7		13.8		15.7		14.6		2.6
Average equity as a percent of average assets		9.45			8.59			8.43		8.77		9.13		9.53		10.05		9.70
Net interest margin (a)		4.24			3.04			3.41		3.29		3.34		3.37		3.44		3.16
Efficiency (a)		54.2			58.6			42.3		72.6		59.2		54.1		55.8		82.2
Net losses charged off as a percent of average loans and leases		2.17			1.66			1.37		0.89		0.60		0.55		0.39		0.52
Allowance for loan and lease losses as a percent of loans and leases		2.41			1.85			1.49		1.17		1.08		1.06		1.05		1.04
Allowance for credit losses as a percent of loans and leases		2.56			1.98			1.62		1.29		1.19		1.16		1.15		1.14
Nonperforming assets as a percent of loans, leases and other assets, including OREO		3.30			2.57			1.96		1.32		0.92		0.70		0.66		0.61
Allowance for loan and lease losses as a percent of nonperforming assets		72.77			71.87			75.73		88.06		117.10		152.21		158.80		169.62
Allowance for credit losses as a percent of nonperforming assets		77.43			77.08			82.20		96.99		128.24		166.77		174.82		186.33
Common Share Data
Earnings per share	$	(0.14	)	$	(0.37	)	$	0.54	$	0.03	$	0.61	$	0.69	$	0.65	$	0.12
Earnings per diluted share		(0.14	)		(0.37	)		0.54		0.03		0.61		0.69		0.65		0.12
Cash dividends per common share		0.15			0.15			0.44		0.44		0.42		0.42		0.42		0.40
Book value per share		16.65			16.75			17.56		17.18		17.43		17.16		17.82		18.02
Common shares outstanding, excluding treasury		577,486,544			577,529,636			532,106,075		532,671,925		532,626,990		535,696,910		550,077,279		556,252,674
Market price per share:
High	$	21.00		$	23.75		$	28.58	$	35.34	$	41.17	$	43.32	$	41.41	$	41.57
Low		7.96			8.96			20.25		24.82		33.60		37.88		37.93		37.75
End of period		11.90			10.18			20.92		25.13		33.88		39.77		38.69		40.93
Price/earnings ratio (b)		198.33			12.57			11.19		12.69		16.37		18.58		18.08		19.13
Supplemental Data
Common dividends declared ($ in millions)	$	87		$	87		$	234	$	234	$	224	$	225	$	231	$	222
Full-time equivalent employees		21,522			21,617			21,726		21,683		20,775		21,033		21,442		21,362
Banking centers		1,298			1,308			1,232		1,227		1,181		1,167		1,161		1,150
ATMs		2,329			2,329			2,221		2,211		2,153		2,132		2,104		2,096

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

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

2

Quarterly Data

	Three Months Ended
	September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007			September 30, 2007			June 30, 2007			March 31, 2007			December 31, 2006
Income Statement ($ in millions)
Interest income (FTE)	$	1,553		$	1,213		$	1,453		$	1,556		$	1,535		$	1,495		$	1,466		$	1,551
Interest expense		485			469			627			771			775			750			724			807
Net interest income (FTE)		1,068			744			826			785			760			745			742			744
Provision for loan and lease losses		941			719			544			284			139			121			84			107
Noninterest income:
Electronic payment processing revenue		235			235			213			223			212			205			185			194
Service charges on deposits		172			159			147			160			151			142			126			122
Investment advisory revenue		90			92			93			94			95			97			96			90
Corporate banking revenue		104			111			107			106			91			88			83			82
Mortgage banking net revenue		45			86			97			26			26			41			40			30
Other noninterest income		112			49			177			(113	)		93			96			78			58
Securities gains (losses), net		(63	)		(10	)		27			7			13			—			—			(398	)
Securities gains, net - non-qualifying hedges on mortgage servicing rights		22			—			3			6			—			—			—			3
Total noninterest income		717			722			864			509			681			669			608			181
Noninterest expense:
Salaries, wages and incentives		321			331			347			328			310			309			292			300
Employee benefits		72			60			85			56			67			68			87			61
Payment processing expense		70			67			66			68			65			59			52			51
Net occupancy expense		77			73			72			70			66			68			65			65
Technology and communications		47			49			47			47			41			41			40			39
Equipment expense		34			31			31			32			30			31			29			30
Other noninterest expense		346			247			67			339			274			189			188			214
Total noninterest expense		967			858			715			940			853			765			753			760
Income (loss) before income taxes (FTE)		(123	)		(111	)		431			70			449			528			513			58
Taxable equivalent adjustment		5			6			6			6			6			6			6			6
Income (loss) before income taxes		(128	)		(117	)		425			64			443			522			507			52
Applicable income taxes		(72	)		85			139			48			118			146			148			(14	)
Net income (loss)	$	(56	)	$	(202	)	$	286		$	16		$	325		$	376		$	359		$	66
Net income (loss) available to common shareholders	$	(81	)	$	(202	)	$	286		$	16		$	325		$	375		$	359		$	66
Regulatory Capital Data ($ in millions) (a)
Tier I capital	$	9,735		$	9,829		$	8,993		$	8,924		$	9,201		$	8,616		$	9,053		$	8,625
Tier II capital		4,244			4,202			4,211			2,809			2,623			2,547			2,581			2,760
Total risk-based capital	$	13,979		$	14,031		$	13,204		$	11,733		$	11,824		$	11,163		$	11,634		$	11,385
Risk-weighted assets	$	114,068		$	115,481		$	116,451		$	115,529		$	108,754		$	105,950		$	103,937		$	102,823
Tier I capital ratio		8.53	%		8.51	%		7.72	%		7.72	%		8.46	%		8.13	%		8.71	%		8.39	%
Total risk-based capital ratio		12.25	%		12.15	%		11.34	%		10.16	%		10.87	%		10.54	%		11.19	%		11.07	%
Tier I leverage ratio		8.77	%		9.08	%		8.28	%		8.50	%		9.23	%		8.76	%		9.36	%		8.44	%

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

3

Quarterly Data

	As of
	September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007			September 30, 2007			June 30, 2007			March 31, 2007			December 31, 2006
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,774		$	2,853		$	3,092		$	2,660		$	2,494		$	2,294		$	2,211		$	2,705
Available-for-sale and other securities		13,177			12,718			12,421			10,677			10,777			11,015			10,592			11,053
Held-to-maturity securities		360			361			353			355			346			346			347			356
Trading securities		915			241			184			171			155			148			160			187
Other short-term investments		229			286			517			620			765			437			256			840
Total cash and securities		17,455			16,459			16,567			14,483			14,537			14,240			13,566			15,141
Loans held for sale		1,000			889			2,573			4,329			2,761			1,708			1,382			1,150
Portfolio loans and leases		85,498			85,524			80,886			80,253			76,254			75,709			74,821			74,353
Total loans and leases		86,498			86,413			83,459			84,582			79,015			77,417			76,203			75,503
Allowance for loan and lease losses		(2,058	)		(1,580	)		(1,205	)		(937	)		(827	)		(803	)		(784	)		(771	)
Bank premises and equipment		2,470			2,444			2,265			2,223			2,127			2,063			2,001			1,940
Operating lease equipment		369			364			317			353			283			209			212			202
Goodwill		3,592			3,603			2,460			2,470			2,192			2,192			2,192			2,193
Intangible assets		188			203			143			147			138			147			158			166
Servicing rights		687			701			596			618			626			607			572			524
Other real estate owned		214			208			193			159			127			113			99			88
Other assets		6,879			6,160			6,601			6,864			6,047			5,205			5,605			5,683
Total assets	$	116,294		$	114,975		$	111,396		$	110,962		$	104,265		$	101,390		$	99,824		$	100,669
Liabilities
Deposits:
Demand	$	14,241		$	16,259		$	14,949		$	14,404		$	13,174		$	13,524		$	13,510		$	14,331
Interest checking		13,251			14,002			14,842			15,254			14,294			14,672			15,755			15,993
Savings		15,955			16,602			16,572			15,635			15,599			15,036			14,256			13,181
Money market		5,352			6,806			7,077			6,521			6,163			6,334			6,336			6,584
Foreign office		1,999			2,174			2,354			2,572			2,014			1,744			1,495			1,353
Other time		11,778			9,839			9,883			11,440			10,267			10,428			10,869			10,987
Certificates - $100,000 and over		13,173			10,870			4,993			6,738			5,973			6,204			6,776			6,628
Other foreign office		1,711			864			731			2,881			1,898			1,251			191			323
Total deposits		77,460			77,416			71,401			75,445			69,382			69,193			69,188			69,380
Federal funds purchased		2,521			2,447			5,612			4,427			5,130			3,824			1,622			1,421
Other short-term borrowings		8,791			5,628			6,387			4,747			3,796			3,331			2,383			2,796
Other liabilities		3,879			3,684			4,603			4,325			4,166			3,894			4,207			4,492
Long-term debt		12,947			15,046			14,041			12,857			12,498			11,957			12,620			12,558
Total liabilities		105,598			104,221			102,044			101,801			94,972			92,199			90,020			90,647
Shareholders’ Equity
Common and preferred equity		10,986			11,138			11,537			11,496			11,665			11,542			11,440			11,433
Accumulated other comprehensive income related to employee benefit plans		(53	)		(54	)		(55	)		(57	)		(55	)		(56	)		(58	)		(59	)
Net unrealized gains (losses):
Available-for-sale securities		(47	)		(132	)		2			(94	)		(149	)		(230	)		(105	)		(119	)
Qualifying cash flow hedges		41			34			64			25			6			(7	)		—			(1	)
Treasury stock, at cost		(231	)		(232	)		(2,196	)		(2,209	)		(2,174	)		(2,058	)		(1,473	)		(1,232	)
Total shareholders’ equity		10,696			10,754			9,352			9,161			9,293			9,191			9,804			10,022
Total liabilities & shareholders’ equity	$	116,294		$	114,975		$	111,396		$	110,962		$	104,265		$	101,390		$	99,824		$	100,669
Share Data
Preferred shares outstanding		53,550			53,550			9,250			9,250			9,250			9,250			9,250			9,250
Common shares outstanding, excluding treasury		577,486,544			577,529,636			577,529,636			532,671,925			532,626,990			535,696,910			550,077,279			556,252,674
Treasury shares held		5,940,560			5,897,468			51,321,029			51,516,339			50,800,114			47,730,194			33,349,825			27,174,430

4

Quarterly Data

	Three Months Ended
	September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007			September 30, 2007			June 30, 2007			March 31, 2007			December 31, 2006
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	85,772		$	85,212		$	84,912		$	82,172		$	78,243		$	77,048		$	75,860		$	75,262
Taxable securities		13,310			12,554			11,560			11,360			11,180			11,030			10,951			16,685
Tax exempt securities		315			364			403			464			490			508			534			568
Other short-term investments		890			445			634			682			499			203			225			1,051
Total interest-earning assets		100,287			98,575			97,509			94,678			90,412			88,789			87,570			93,566
Cash and due from banks		2,468			2,357			2,236			2,424			2,189			2,235			2,251			2,356
Other assets		13,683			12,370			12,477			11,444			10,330			10,524			10,140			9,440
Allowance for loan and lease losses		(1,654	)		(1,204	)		(931	)		(819	)		(800	)		(781	)		(769	)		(760	)
Total assets	$	114,784		$	112,098		$	111,291		$	107,727		$	102,131		$	100,767		$	99,192		$	104,602
Liabilities
Interest-bearing liabilities:
Interest checking	$	13,843		$	14,396		$	14,836		$	14,394		$	14,334		$	15,061		$	15,509		$	15,744
Savings		16,154			16,583			16,075			15,616			15,390			14,620			13,689			12,812
Money market		6,051			6,592			6,896			6,363			6,247			6,244			6,377			6,572
Foreign office		2,126			2,169			2,443			2,249			1,808			1,637			1,343			1,047
Other time		10,780			9,517			10,884			11,011			10,290			10,780			11,037			10,991
Certificates - $100,000 and over		11,623			8,143			5,835			6,613			6,062			6,511			6,682			6,750
Other foreign office		395			2,948			3,861			2,464			1,981			732			364			1,711
Federal funds purchased		1,013			3,643			5,258			4,189			4,322			3,540			2,505			3,615
Other short-term borrowings		9,613			5,623			4,937			4,890			3,285			2,372			2,400			4,468
Long-term debt		14,392			14,803			13,328			13,188			12,351			12,238			12,242			13,059
Total interest-bearing liabilities		85,990			84,417			84,353			80,977			76,070			73,735			72,148			76,769
Demand deposits		14,225			14,023			13,208			13,345			13,143			13,370			13,185			13,882
Other liabilities		3,726			4,029			4,351			3,959			3,594			4,063			3,889			3,801
Total liabilities		103,941			102,469			101,912			98,281			92,807			91,168			89,222			94,452
Shareholders’ equity		10,843			9,629			9,379			9,446			9,324			9,599			9,970			10,150
Total liabilities & shareholders’ equity	$	114,784		$	112,098		$	111,291		$	107,727		$	102,131		$	100,767		$	99,192		$	104,602
Average loans and leases (excluding held for sale)	$	84,695		$	83,537		$	80,945		$	78,174		$	76,295		$	75,205		$	74,416		$	74,032
Average common shares outstanding:
Basic		571,705,319			540,029,899			528,497,585			529,119,898			530,123,356			540,263,755			551,501,038			554,978,470
Diluted		571,705,319			540,029,899			530,372,174			530,938,891			532,470,709			543,228,461			554,174,864			557,654,120

5

Quarterly Data

	Three Months Ended
	September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007			September 30, 2007			June 30, 2007			March 31, 2007			December 31, 2006
Asset Quality ($ in millions)
Nonaccrual loans and leases	$	2,606		$	1,988		$	1,388		$	893		$	569		$	406		$	390		$	352
Other assets, including other real estate owned		222			212			204			171			137			122			104			103
Total nonperforming assets	$	2,828		$	2,200		$	1,592		$	1,064		$	706		$	528		$	494		$	455
Ninety days past due loans and leases	$	671		$	608		$	539		$	491		$	360		$	302		$	243		$	210
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial loans	$	29,424		$	28,958		$	27,937		$	26,079		$	23,317		$	22,162		$	21,479		$	20,831
Commercial mortgage		13,355			13,394			12,155			11,967			11,178			11,112			10,909			10,405
Commercial construction		6,002			6,007			5,592			5,561			5,463			5,469			5,688			6,168
Commercial leases		3,642			3,647			3,727			3,737			3,710			3,698			3,694			3,841
Subtotal - commercial		52,423			52,006			49,411			47,344			43,668			42,441			41,770			41,245
Consumer:
Residential mortgage		10,292			10,704			10,985			11,433			9,945			10,038			9,730			9,905
Home equity		12,599			12,421			11,803			11,874			11,737			11,780			11,948			12,154
Automobile loans		8,306			8,362			8,394			11,183			11,043			10,714			10,400			10,028
Credit card		1,688			1,717			1,686			1,591			1,460			1,263			1,111			1,004
Other consumer loans and leases		1,190			1,203			1,180			1,157			1,162			1,181			1,244			1,167
Subtotal - consumer		34,075			34,407			34,048			37,238			35,347			34,976			34,433			34,258
Total loans and leases	$	86,498		$	86,413		$	83,459		$	84,582		$	79,015		$	77,417		$	76,203		$	75,503
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial loans	$	28,284		$	28,557		$	26,617		$	24,526		$	22,345		$	21,587		$	20,908		$	21,228
Commercial mortgage		13,257			12,590			12,052			11,588			11,117			11,030			10,566			9,929
Commercial construction		6,110			5,700			5,577			5,544			5,499			5,595			6,014			6,099
Commercial leases		3,642			3,747			3,723			3,692			3,700			3,678			3,661			3,762
Subtotal - commercial		51,293			50,594			47,969			45,350			42,661			41,890			41,149			41,018
Consumer:
Residential mortgage		10,711			11,244			11,699			11,181			10,396			10,201			10,166			10,038
Home equity		12,534			12,012			11,846			11,843			11,752			11,886			12,072			12,225
Automobile loans		8,303			8,439			10,542			11,158			10,865			10,552			10,230			9,834
Credit card		1,720			1,703			1,660			1,461			1,366			1,248			1,021			915
Other consumer loans and leases		1,211			1,221			1,196			1,179			1,203			1,271			1,222			1,232
Subtotal - consumer		34,479			34,619			36,943			36,822			35,582			35,158			34,711			34,244
Total average loans and leases	$	85,772		$	85,213		$	84,912		$	82,172		$	78,243		$	77,048		$	75,860		$	75,262
Nonperforming Loans ($ in millions)(non-accrual plus renegotiated)
Commercial loans and leases	$	573		$	425		$	311		$	180		$	180		$	141		$	143		$	133
Commercial mortgage		724			524			312			243			146			113			107			84
Commercial construction loans		636			537			408			249			105			65			57			54
Consumer mortgage and construction		474			329			211			121			74			40			38			38
Other consumer loans and leases		199			173			146			100			64			47			45			43
Total nonperforming loans and leases	$	2,606		$	1,988		$	1,388		$	893		$	569		$	406		$	390		$	352
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(481	)	$	(365	)	$	(293	)	$	(193	)	$	(127	)	$	(124	)	$	(99	)	$	(118	)
Recoveries		18			21			17			19			12			22			28			21
Net losses charged off	$	(463	)	$	(344	)	$	(276	)	$	(174	)	$	(115	)	$	(102	)	$	(71	)	$	(97	)

6

EX-99.3

©

Fifth Third Bank | All Rights Reserved

3Q08 Trends

October 21, 2008

Exhibit 99.3

2

©

Fifth Third Bank | All Rights Reserved

Agenda

Overview

3Q08 results

Operating trends

Credit trends

Capital position

Liquidity trends

Debt ratings

Summary and priorities

3

©

Fifth Third Bank | All Rights Reserved

Fifth Third overview

^

As of 9/30/2008

*

As of 10/14/2008

**

Nilson, March 2008

$116

billion

assets

^

$8

billion

market

cap

#12

*

1,298 banking centers

Over 2,300 ATMs

18 affiliates in 12 states

World’s

5

th

largest

merchant

acquirer

**

Cincinnati

Florence

Louisville

Lexington

Nashville

Atlanta

Augusta

Orlando

Tampa

Naples

Raleigh

Charlotte

Huntington

Pittsburgh

Cleveland

Columbus

Toledo

Detroit

Grand Rapids

Traverse

City

Chicago

Evansville

Jacksonville

Indianapolis

St. Louis

4

©

Fifth Third Bank | All Rights Reserved

3Q08 in review

Difficult quarter due to economic environment

—

Significant increase in net charge-offs and provision expense

–

Net charge-offs of $463 million, provision expense of $941 million

—

Minimal risk exposure to “headline issues”: subprime lending, credit default swaps,

investments in failed counterparties

Core business momentum remains strong –

core pre-tax pre-provision income up 12% from

3Q07*

—

Net interest income growth of 41% driven by loan discount accretion related to the

second quarter First Charter acquisition. Excluding loan discount accretion, net

interest income increased 12%

—

Fee income growth of 5%, up 14% on a core basis, on double digit

growth in payments

processing revenue, deposit service revenue, corporate banking revenue, and

mortgage banking revenue

—

Average loan growth of 11% and transaction deposit growth of 3%

^

Strong capital position, well within ranges disclosed in June

—

Tier 1 capital ratio of 8.53%

—

Tangible equity ratio of 6.19%

*

3Q08 reported results of 40% year-over-year growth in pre-tax, pre-provision earnings. Excludes $27 million BOLI charge, $215 million in loan discount accretion from

the acquisition of First Charter, $76 million in revenue and $36 million in expense from a litigation settlement stemming from a prior acquisition, and $45 million in Visa

litigation expense in 3Q08. Excludes $78 million in Visa litigation expense, $2 million BOLI charge, and $31 million in gains from asset sales; all quarters exclude

securities gains/losses.

^

Loans include held for investment; transaction deposits represent core deposits excluding CDs

5

©

Fifth Third Bank | All Rights Reserved

3.20%

3.25%

3.30%

3.35%

3.40%

3.45%

3.50%

3Q07

4Q07

1Q08

2Q08*

3Q08*

$500

$550

$600

$650

$700

$750

$800

$850

$900

Net interest income

NIM

Increasing net interest income

* 3Q08 reported results: 41% year-over-year growth and 4.24% NIM. Results above exclude $130 million charge related to leveraged lease litigation in 2Q08 and

exclude $31 million and $215 million in loan discount accretion from the First Charter acquisition in 2Q08 and 3Q08, respectively.

6

©

Fifth Third Bank | All Rights Reserved

Fee income growth and diversification

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

3Q07

4Q07

1Q08

2Q08

3Q08

Payment

processing

Deposit

service

charges

Investment    

advisory

Corporate

banking

Mortgage

Secs/other

Reported year-over-year fee income growth of 5%. Results above exclude $76 million in litigation revenue from a prior acquisition and $27 million BOLI charge in 3Q08.

Excludes

$152

million

BOLI

charge

and

$273

million

Visa

IPO

gain

in

1Q08; excludes $177 million BOLI charge in 4Q07; excludes $31 million of gains from asset

sales

and

$2 million in BOLI charge in 3Q07; excludes securities gains/losses in all quarters.

YOY

growth

+11%

+13%

-5%

+15%

+74%

NM

Continued strong growth in processing, deposit fees and corporate banking fees

7

©

Fifth Third Bank | All Rights Reserved

FTPS: key growth engine

3Q08 revenue

38%

35%

27%

Merchant

Services

Financial

Institutions

Bankcard

$0

$50

$100

$150

$200

$250

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

FI/EFT

Bankcard

Merchant

+19%

2-Yr

CAGR

Merchant

•

4   Largest U.S. Acquirer

•

Over 37,500 merchants

•

$26.7B in credit/debit processing volume

•

Over 5.6B acquired transactions

•

e.g. Nordstrom, Saks, Walgreen's,                      

Office Max, Barnes and Noble, U.S.

Treasury

Financial Institutions

•

2,700 FI relationships

•

877mm POS/ATM transactions

Bankcard

•

$1.7B in outstanding balances

•

1.6mm cardholders

•

Top three Debit MasterCard Issuer

•

23    largest U.S. bankcard issuer

YOY

growth

+17%

+7%

+9%

+19%

+6%

th

rd

8

©

Fifth Third Bank | All Rights Reserved

Corporate banking

$0

$30

$60

$90

$120

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

International

Business lending

Derivatives

Capital markets lending fees

2-Yr

CAGR

YOY 

growth

+10%

-10%

+8%

+33%

+14%

-29%

+11%

+36%

International

•

Letters of credit

•

Foreign exchange

Capital

markets

lending

fees

•

Institutional Sales

•

Asset securitization/conduit fees

•

Loan/lease syndication fees

Derivatives

•

Customer interest rate derivatives

Business

lending

fees

•

Commitment and other loan fees

9

©

Fifth Third Bank | All Rights Reserved

$300

$400

$500

$600

$700

$800

3Q07

4Q07

1Q08

2Q08

3Q08

Strong operating performance…

3Q08 reported results of 40%

growth in pre-tax, pre-provision earnings. 3Q08 results above exclude $27 million BOLI charge, $215 million in loan discount accretion

from the acquisition of First Charter, $76 million in revenue and $36 million in expense from a litigation settlement stemming from a prior acquisition, and $45 million in

Visa

litigation

expense.

2Q08

results

above exclude $31 million loan discount accretion and $130 million leveraged lease charge.  1Q08 results above exclude $152

BOLI charge, $273 Visa IPO gain and $152 million reversal of Visa litigation expenses. 4Q07 results above exclude $177 million BOLI charge and $94 million in Visa

litigation expense; 3Q07 results exclude $78 million in Visa litigation expense, $2 million BOLI charge, and $31 million in gains from asset sales; all quarters exclude

securities gains/losses.

10

©

Fifth Third Bank | All Rights Reserved

-$1,000

-$800

-$600

-$400

-$200

$0

$200

$400

$600

$800

3Q07

4Q07

1Q08

2Q08

3Q08

…offset by credit costs

See note on p. 9  for adjustments.

Net

charge-

offs

Additional

provision

11

©

Fifth Third Bank | All Rights Reserved

($ in millions)

C&I

Commercial

mortgage

Commercial

construction

Commercial

lease

Total

commercial

Residential

mortgage

Home equity

Auto

Credit card

Other

consumer

Total

consumer

Total loans &

leases

Loan balances

$29,424

$13,355

$6,002

$3,642

$52,423

$9,351

$12,599

$8,306

$1,688

$1,130

$33,075

$85,498

% of total

34%

16%

7%

4%

61%

11%

15%

10%

2%

1%

39%

Non-performing assets

$557

$749

$659

$22

$1,988

$593

$194

$33

$20

$1

$841

$2,828

NPA ratio

1.89%

5.61%

10.98%

0.62%

3.79%

6.34%

1.54%

0.39%

1.20%

0.10%

2.53%

3.30%

Net charge-offs

$85

$94

$88

$0

$266

$77

$56

$31

$24

$8

$196

$462

Net charge-off ratio

1.19%

2.82%

5.71%

-0.03%

2.07%

3.16%

1.77%

1.51%

5.45%

2.84%

2.33%

2.17%

Credit by portfolio

C&I

18%

Home equity

12%

Other

consumer

2%

Auto

7%

Residential

mortgage

17%

Commercial

mortgage

20%

Commercial

construction

19%

Card

5%

MI

27%

FL

38%

Other /

National

5%

KY

2%

TN

1%

IL

7%

OH

16%

IN

3%

NC/GA

1%

Net charge-offs by loan type

Net charge-offs by geography

12

©

Fifth Third Bank | All Rights Reserved

Real estate driving credit deterioration

0

100,000

200,000

300,000

400,000

500,000

Q3 2007

Q4 2007

Q1 2008

Q2 2008

Q3 2008

C&I/Lease

Auto

Credit Card

Other

CRE

Res RE

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Q3 2007

Q4 2007

Q1 2008

Q2 2008

Q3 2008

C&I/Lease

Auto/Other

CRE

Res RE

Res

RE

CRE

NPA, charge-off growth driven by residential, commercial real estate

Res

RE

CRE

Total NPAs

Total NCOs

13

©

Fifth Third Bank | All Rights Reserved

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Q3 2007

Q4 2007

Q1 2008

Q2 2008

3Q 2008

Other SE

National

Other MW

Michigan

Florida

-

100,000

200,000

300,000

400,000

500,000

Q3 2007

Q4 2007

Q1 2008

Q2 2008

Q3 2008

Other SE

National

Other MW

Michigan

Florida

Highest

stress

markets

Highest

stress

markets

NPA, charge-off growth driven by Florida and Michigan

Michigan and Florida: most stressed markets

Total NPAs

Total NCOs

14

©

Fifth Third Bank | All Rights Reserved

Credit containment

Eliminated all brokered home equity production

Suspended all new developer lending

Significantly tightened underwriting limits and exception authorities

Major expansion of commercial and consumer workout teams

Aggressive write downs in stressed geographies

Significant addition to reserve levels

Direct executive management oversight of every major credit decision

Continue to move aggressively to stay ahead of emerging credit issues

15

©

Fifth Third Bank | All Rights Reserved

•

Capital plan and targets designed to help ensure strong capital levels, positioning Fifth Third

to absorb significant potential losses and provisions in a potentially more difficult

environment through 2009

•

Revised capital targets in June 2008 to provide greater cushion

•

Strengthened Fifth Third’s capital position through several capital actions announced in June

2008:

—

Capital actions intended to maintain a Tier 1 ratio within target range if credit cycle

significantly deteriorates without further capital issuance

–

Capital

issuance

–

Issued

$1.1

billion

of

Tier

1

capital

in

the

form

of

convertible

preferred securities -

achieved new Tier 1 target immediately

–

Dividend

reduction

–

Reducing

quarterly

common

dividend

to

$0.15

per

share,

conserves $1.2 billion in common equity through the end of 2009 relative to

previous $0.44 level per share

–

Asset

sales/dispositions

–

Anticipated

sale

of

non-core

businesses

expected

to

generate $1 billion or more after-tax in additional common equity capital

Currently evaluating Treasury capital plan; in conjunction, re-evaluating inclusion of non-core

businesses in capital plans

Capital position

6-7%

11.5-12.5%

8-9%

Target

N/A

10%

6%

Regulatory

“well-

capitalized”

minimum

6.19%

TE

/

TA

12.25%

Total Capital

8.53%

3Q08

Tier 1 Capital

Ratio

16

©

Fifth Third Bank | All Rights Reserved

Active management of liquidity profile

Fifth Third remains heavily core funded

Flexibility and liquidity further enhanced by

—

Dividend reduction

—

Large capital raise further bolstered

Holding Company cash and capital

levels

—

Significant committed lines available

to access secured borrowings against

assets

Strong debt ratings

Stable Funding

Highlights

Long Term

Debt

11%

Demand

12%

Consumer

Time

10%

Non-core

Deposits

13%

Foreign Office

2%

Interest

Checking

11%

Savings /

MMDA

19%

ST

Borrowings

10%

Other

liabilities

3%

Equity

9%

17

©

Fifth Third Bank | All Rights Reserved

Strong holding company liquidity profile

0

1000

2000

3000

4000

5000

6000

2008

2009

2010

2011

2012

2013 on

Current holding company cash position

through 1Q10

Sufficient to:

—

Satisfy all fixed obligations over the

next twelve months (debt maturities,

common and preferred dividends,

interest and other expenses)

Without:

—

Accessing capital markets

—

Relying on dividends from

subsidiaries

—

Proceeds from asset sales

$75 million in debt maturities in 2008; total of

$106 million in next four and a half years

Holding Company Unsecured Debt Maturities

Highlights

$mm

Holding Company Liquidity Position

Cash at 9/30/08: $1.1 billion

Expected cash obligations over the next 12 months

—

$106 million in debt maturities

—

$346 million common dividends

*

—

$94.9 million preferred dividends

*

—

$301 million interest and other expenses

*

75

31

0

0

0

5,766

Fifth Third

Bancorp

Fifth Third

Capital Trust

* Approximate

18

©

Fifth Third Bank | All Rights Reserved

Strong bank liquidity profile

0

500

1000

1500

2008

2009

2010

2011

2012

2013 on

Current unused borrowing capacity under

secured facilities sufficient to fund all

unsecured maturities for five years

—

Assumes no access to capital markets

Active management to increase available

lines associated with pledgeable

assets to

ensure contingency funding

Prudent extension of term CD funding during

capital markets disruptions and volatile short

term market conditions

Reduction of overnight borrowings through

use of more dependable, less expensive

secured facilities

Significant available borrowing capacity at

each of subsidiary banks

Bank Unsecured Debt Maturities

Highlights

$mm

Bank Liquidity Position

Current unused available borrowing capacity $17

billion

FHLB borrowings $7.4 billion

Core deposits of $63 billion

Equity of $10.7 billion

All market borrowings by Fifth Third Bank (OH)

1,279

825

18

14

1,233

14

Fifth Third Bank

(Ohio)

Fifth Third Bank

(NA)

19

Fifth Third Bank | All Rights Reserved

Fifth Third debt ratings

#

Date of most recent change in rating or outlook

AA

AA-

AA-

Aa3

LT Deposit

Stable

6/18/08

F-1+

A+

F1

A+

Fitch

AA

AA-

Aa3

Senior

Fifth Third Bank (OH, MI)

R-1H

A-1+

P-1

Short-term

3/18/08

9/3/08

9/18/08

Rating

Date

#

Current

Outlook

Fifth Third Bancorp

Negative

CreditWatch

negative

Negative

R-1M

A-1

P-1

Short-

term

AA (low)

DBRS

A+

S&P

A1

Moody’s

Senior

20

©

Fifth Third Bank | All Rights Reserved

Fifth Third debt ratings

Source: Bloomberg LLP as of 10/11/2008

The ratings listed in this document are generated from information provided to Fifth Third through Bloomberg LP. These ratings are subject to change based upon

criteria

developed

by

the

applicable

rating

agency;

Fifth

Third

does

not

necessarily

agree

with

any

of

these

ratings

and

has

not

independently

verified

or

reviewed

any

of these companies to determine whether they would meet any ratings, underwriting or other credit criteria developed independently by Fifth Third. Neither you nor any

customer

should

use

these

ratings

as

determinative

in

purchasing

credit

or

other

services

from

Fifth

Third.

Fifth

Third

does

not

provide

legal,

accounting,

financial,

tax

or

other

expert

advice.

Consult

your

own

legal,

accounting,

financial

and

tax

advisors

before

making

any

decision

to

invest

with

or

request

credit

from

Fifth

Third.

Lead Bank

Moody's

S&P

Fitch

DBRS

Wells Fargo (Wells Fargo Bank NA)

Aaa

AAA

AA

AAH

Bank of America (Bank America America NA)

Aaa

AA

AA-

AA

JPMorgan Chase (JPMorgan Chase Bank NA)

Aaa

AA

AA-

AAL

US Bank (US Bank NA North Dakota)

Aa1

AA+

AA-

NR

BB&T (BB&T Co/WI)

Aa2

AA-

AA-

AA

Fifth Third Bancorp (Fifth Third Bank)

Aa3

AA-

A+

AA

SunTrust (SunTrust Bank)

Aa3

AA-

A+

AAL

PNC (PNC Bank NA)

Aa3

AA-

A+

AAL

M&I (M&I Bank)

Aa3

A

A+

AH

Comerica (Comerica Bank)

A1

A+

A+

AH

Regions (Regions Bank)

A1

A+

A+

AAL

Key (Key Bank NA)

A1

A

A

NR

M&T (Manufacturers & Traders Trust Co.)

A1

A

A-

A

National City (National City Bank)

A2

A

A-

AAL

Huntington (Huntington National Bank)

A2

A-

A-

A

Zions (Zions First National Bank, Utah)

A2

A-

A-

A

NR: not rated

Long-Term Issuer Rating

21

©

Fifth Third Bank | All Rights Reserved

Fifth Third differentiators

Integrated affiliate delivery model

Strong sales culture

Operational efficiency

Streamlined decision making

Integrated payments platform (FTPS)

Acquisition integration

Customer satisfaction

22

©

Fifth Third Bank | All Rights Reserved

Summary and priorities

Fifth Third has taken steps to ensure it is well-positioned to weather

potential further deterioration in the credit environment

Delivery of strong operating results remains a hallmark of Fifth

Third

despite sluggish economy

Capital plan designed to maintain Tier 1 capital in excess of 8%

under

significant additional stress in credit trends

23

©

Fifth Third Bank | All Rights Reserved

Fifth Third: building a better tomorrow

Consistently outperform the U.S. banking industry

Deliver growth in excess of industry

Enhance the customer experience

Increase employee engagement

Institutionalize enterprise operational excellence

24

©

Fifth Third Bank | All Rights Reserved

Appendix

25

©

Fifth Third Bank | All Rights Reserved

Nonperforming assets

•

Total NPAs of $2.8B, or 330 bps

•

Homebuilder/developer NPAs of $702 M;

represent 25% of total NPAs

•

Commercial NPAs of $2.0B; recent growth

driven by commercial construction and real

estate, particularly in Michigan and Florida

•

Consumer NPAs of $841M; recent growth

driven by residential real estate, particularly

in Michigan and Florida

1%

14%

20%

6%

9%

8%

21%

21%

3%

7%

42%

16%

6%

1%

1%

5%

19%

8%

4%

10%

15%

2%

28%

3%

20%

10%

7%

34%

34%

1%

4%

1%

3%

3%

15%

C&I* (20%)

CRE (50%)

Residential (28%)

Other Consumer (2%)

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

Residential

$786M

28%

C&I*

$580M

20%

Other

$54M

2%

CRE

$1.4B

50%

*C&I includes commercial lease

NORTH

CAROLINA /

GEORGIA

OTHER /

NATIONAL

26

©

Fifth Third Bank | All Rights Reserved

Commercial construction

Accomodation

1%

Auto Retailers

1%

Finance &

insurance

1%

Construction

42%

Manufacturing

1%

Real estate

46%

Retail Trade

1%

Other

7%

Loans by geography

Credit trends

Loans by industry

Comments

•

Declining valuations in residential and land developments

•

Higher concentrations in now stressed markets (Florida

and Michigan)

•

Continued stress expected through 2008

OH

26%

IN

8%

KY

4%

NC/GA

7%

Other

2%

FL

20%

TN

6%

MI

19%

IL

8%

($ in millions)

3Q07

4Q07

1Q08

2Q08

3Q08

Balance

$5,463

$5,561

$5,592

$6,007

$6,002

90+ days delinquent

$54

$67

$49

$53

$84

90+ days ratio

0.99%

1.21%

0.87%

0.88%

1.40%

NPAs

$106

$257

$418

$552

$659

as % of loans

1.94%

4.61%

7.48%

9.19%

10.98%

Net charge-offs

$5

$12

$72

$49

$88

as % of loans

0.35%

0.83%

5.20%

3.46%

5.71%

Commercial construction

27

©

Fifth Third Bank | All Rights Reserved

Homebuilder/developer

Loans by geography

Credit trends

Loans by industry

Comments

•

Making no new loans to builder/developer sector

•

Residential & land valuations under continued stress

•

6% of commercial loans; < 4% of total gross loans

•

Balance by product approximately 53% Construction, 

41% Mortgage, 6% C&I

OH

16%

IN

4%

KY

3%

NC/GA

19%

FL

29%

TN

4%

MI

21%

IL

4%

C&I

6%

Commercial

construction

53%

Commercial

mortgage

41%

**Increase in 2Q08 balance due to the First Charter acquisition

($ in millions)

3Q07

4Q07*

1Q08

2Q08**

3Q08

Balance

$2,594

$2,868

$2,705

$3,295

$3,065

90+ days delinquent

$50

$57

$60

$123

$105

90+ days ratio

1.94%

1.99%

2.21%

3.73%

3.41%

NPAs

$78

$176

$309

$547

$702

as % of loans

3.01%

6.14%

11.42%

16.62%

22.89%

Net charge-offs

$4

$8

$43

$34

$163

as % of loans

0.54%

1.11%

6.14%

4.63%

19.75%

Homebuilders/developers

*Increase in 4Q07 balance due to the R-G Crown acquisition

28

©

Fifth Third Bank | All Rights Reserved

Residential mortgage

1    liens: 100% ; weighted average LTV: 77%

Weighted average origination FICO: 728

Origination FICO distribution:  <659 9%; 660-689

8%; 690-719

12%; 720-749 13%; 750+ 30%; Other

^

28%

(note: loans <659 includes CRA loans and FHA/VA loans)

Origination LTV distribution: <70 25%; 70.1-80 41%; 80.1-90 12%;

90.1-95 5%; >95% 17%

Vintage distribution: 2008 12%; 2007 19%; 2006 17%; 2005 27%;

2004 and prior 25%

% through broker: 13%; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

30% FL concentration driving 75% total loss

FL lots ($415 mm) running at 19% annualized loss rate

(YTD)

Mortgage company originations targeting 95% salability

OH

24%

IN

6%

KY

4%

NC/GA

6%

Other

8%

FL

30%

TN

1%

MI

14%

IL

7%

^ Includes acquired loans where FICO at origination is not available

*Increase in 4Q07 balance due to the R-G Crown acquisition

st

($ in millions)

3Q07

4Q07*

1Q08

2Q08

3Q08

Balance

$9,057

$10,540

$9,873

$9,866

$9,351

90+ days delinquent

$116

$186

$192

$229

$185

90+ days ratio

1.28%

1.76%

1.95%

2.32%

1.98%

NPAs

$150

$216

$333

$448

$593

as % of loans

1.65%

2.04%

3.37%

4.54%

6.34%

Net charge-offs

$9

$18

$34

$63

$77

as % of loans

0.41%

0.72%

1.33%

2.57%

3.16%

Residential mortgage

29

©

Fifth Third Bank | All Rights Reserved

Home equity

1

liens:

24%;

2

liens:

76%

(25%

of

2

liens

behind

FITB

1

s)

Weighted average origination FICO: 755

Origination FICO distribution: <659 4%; 660-689 8%; 690-719 14%; 720-

749 17%; 750+ 46%; Other

^

11%

Weighted

average

CLTV:

75%

(1

liens

62%;

2

liens

80%)Origination

CLTV distribution: <70 35%; 70.1-80 20%; 80.1-90 19%; 90.1-95 9%; >95

17%

Vintage distribution: 2008 10%; 2007 13%; 2006 18%; 2005 17%; 2004 and

prior 42%

% through broker channels: 19% WA FICO: 740 brokered, 758 direct; WA

CLTV: 88% brokered; 73% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

Approximately 19% of portfolio concentration in broker product driving

approximately 54% total loss

Portfolio

experiencing

increased

loss

severity

(losses

on

2

liens

approximately 100%)

Aggressive home equity line management strategies in place

Note: Brokered and direct home equity net charge-off ratios are calculated based on end of period loan balances

^ Includes acquired loans where FICO at origination is not available

MI

22%

OH

32%

IN

10%

IL

11%

KY

9%

Other

1%

FL

9%

NC/GA

5%

TN

1%

MI

20%

OH

23%

IN

10%

IL

11%

KY

8%

Other

21%

FL

3%

NC/GA

1%

TN

3%

($ in millions)

3Q07

4Q07

1Q08

2Q08

3Q08

Balance

$2,746

$2,713

$2,651

$2,433

$2,368

90+ days delinquent

$30

$34

$33

$34

$31

90+ days ratio

1.08%

1.25%

1.26%

1.40%

1.33%

Net charge-offs

$14

$17

$23

$28

$30

as % of loans

1.94%

2.52%

3.29%

4.64%

5.05%

Home equity - brokered

($ in millions)

3Q07

4Q07

1Q08

2Q08*

3Q08

Balance

$8,991

$9,161

$9,152

$9,988

$10,232

90+ days delinquent

$34

$38

$43

$42

$41

90+ days ratio

0.38%

0.41%

0.47%

0.42%

0.40%

Net charge-offs

$14

$15

$18

$27

$26

as % of loans

0.59%

0.66%

0.78%

1.07%

1.00%

Home equity - direct

*Increase in 2Q08 balance due to the First Charter acquisition

nd

nd

nd

st

st

st

nd

30

©

Fifth

Third Bank | All Rights Reserved

Michigan market

Total Loans

Home Equity

17%

Credit Card

2%

Auto

7%

Resi Mortgage

8%

Coml Lease

1%

C&I

32%

Commercial

Mortgage

24%

Coml Const

7%

Other Cons

2%

NPAs

Home Equity

7%

Credit Card

1%

Auto

1%

Resi Mortgage

10%

Coml Lease

1%

C&I

15%

Commercial

Mortgage

35%

Coml Const

30%

Net charge-offs

Auto

2%

Other Cons

1%

Credit Card

4%

Home Equity

11%

Resi Mortgage

6%

C&I

17%

Commercial

Mortgage

20%

Coml Const

39%

Summary:

Deterioration in home price values coupled with weak economy (unemployment rate of 7.4%) impacting credit trends due to

frequency of defaults and severity

Issues: homebuilders, developers

tied to weak real estate market

Issues: valuations, economy,

unemployment

Economic weakness impacts

commercial real estate market

($ in millions)

Loans

(bn)

% of

FITB

NPAs

(mm)

% of

FITB

NCOs

(mm)

% of

FITB

Commercial loans

4.94

17%

113

20%

22

25%

Commercial mortgage

3.81

29%

258

34%

26

28%

Commercial construction

1.11

19%

220

33%

49

56%

Commercial lease

0.21

6%

9

40%

-

0%

Commercial

10.07

19%

600

30%

97

36%

Mortgage

1.29

14%

75

13%

7

10%

Home equity

2.71

21%

53

27%

14

24%

Auto

1.12

13%

6

19%

3

10%

Credit card

0.31

18%

4

21%

5

20%

Other consumer

0.11

10%

-

0%

1

12%

Consumer

5.54

17%

138

16%

30

15%

Total

15.61

18%

738

26%

127

27%

31

©

Fifth Third Bank | All Rights Reserved

Florida market

NPAs

Home Equity

2%

Resi Mortgage

35%

C&I

9%

Commercial

Mortgage

31%

Coml Const

23%

Net charge-offs

Auto

2%

Other Cons

1%

Credit Card

1%

Home Equity

5%

Resi Mortgage

33%

C&I

11%

Commercial

Mortgage

32%

Coml Const

15%

Summary:

Deterioration in real estate values having effect on credit trends as evidenced by increasing NPA/NCOs in real estate related

products

Issues: homebuilders, developers tied

to weakening real estate market

Issues: increasing severity of loss due

to significant declines in valuations

Issues: valuations; relatively small

home equity portfolio

Total Loans

Other Cons

1%

Coml Const

13%

Commercial

Mortgage

20%

C&I

22%

Resi Mortgage

28%

Auto

5%

Credit Card

1%

Home Equity

10%

($ in millions)

Loans

(bn)

% of

FITB

NPAs

(mm)

% of

FITB

NCOs

(mm)

% of

FITB

Commercial loans

2.08

7%

82

15%

19

22%

Commercial mortgage

1.94

15%

272

36%

56

59%

Commercial construction

1.21

20%

205

31%

27

30%

Commercial lease

0.00

0%

-

0%

-

0%

Commercial

5.23

10%

559

28%

102

38%

Mortgage

2.83

30%

307

52%

57

75%

Home equity

0.95

8%

18

10%

9

16%

Auto

0.44

5%

5

14%

4

12%

Credit card

0.09

5%

1

4%

2

8%

Other consumer

0.12

11%

-

0%

1

12%

Consumer

4.43

13%

331

39%

73

37%

Total

9.66

11%

890

31%

175

38%

32

©

Fifth Third Bank | All Rights Reserved

Cautionary statement

This report may contain forward-looking statements about Fifth Third Bancorp 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

Fifth

Third

Bancorp

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)

general

economic

conditions

and

weakening

in

the

economy,

specifically

the

real

estate

market,

either

national

or

in

the

states

in

which

Fifth

Third,

does

business,

are

less

favorable

than

expected;

(2) deteriorating credit quality; (3) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other

economic conditions; (4) changes in the interest rate environment reduce interest margins; (5) prepayment speeds, loan origination and sale

volumes, charge-offs and loan loss provisions; (6) Fifth Third’s ability to maintain required capital levels and adequate sources of funding and

liquidity; (7) changes and trends in capital markets; (8) competitive pressures among depository institutions increase significantly; (9) effects of

critical accounting policies and judgments; (10) changes in accounting policies or procedures as may be required by the Financial Accounting

Standards Board or other regulatory agencies; (11) legislative or regulatory changes or actions, or significant litigation, adversely affect Fifth

Third, or the businesses in which Fifth Third, one is engaged; (12) ability to maintain favorable ratings from rating agencies; (13) fluctuation of

Fifth Third’s

stock

price;

(14)

ability

to

attract

and

retain

key

personnel;

(15)

ability

to

receive

dividends

from

its

subsidiaries;

(16)

potentially

dilutive effect of future acquisitions on current shareholders' ownership of Fifth Third; (17) effects of accounting or financial results of one or more

acquired entities; (18) difficulties in combining the operations

of acquired entities; (19) inability to generate the gains on sale and related increase

in shareholders’

equity that it anticipates from the sale of certain non-core businesses, (20) loss of income from the sale of certain non-core

businesses could have an adverse effect on Fifth Third’s earnings and future growth  (21) ability to secure confidential information through the

use of computer systems and telecommunications networks; and (22) the impact of reputational risk created by these developments 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, 2007, 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

Fifth

Third’s

Web

site

at

www.53.com.

Fifth

Third

undertakes

no

obligation

to

release

revisions to these forward-looking statements or reflect events or circumstances after the date of this report.

EX-99.4

Exhibit 99.4

Third Quarter 2008 Portfolio Loan and Lease Stratifications

Third Quarter 2008 Portfolio Loan and Lease Stratifications Consumer

2

Brokered home equity - Includes retail brokered and HEA ($2.4 billion)
Combined loan-to-value (origination)
		<=70%	70.1-80%	80.1-90%	90.1-95%	95.1 +	Total
Florida	Loans (% of total)	1%	1%	1%	<1%	1%	3%
	NPA + 90+ ratio	4.7%	8.7%	7.9%	8.5%	13.2%	9.2%
	YTD NCO ratio	20.1%	5.0%	16.3%	21.6%	26.0%	17.9%
Michigan	Loans (% of total)	2%	2%	5%	4%	7%	20%
	NPA + 90+ ratio	5.3%	3.1%	4.5%	4.0%	5.4%	4.7%
	YTD NCO ratio	5.2%	3.0%	4.1%	4.7%	7.4%	5.3%
Other	Loans (% of total)	7%	9%	17%	11%	33%	76%
	NPA + 90+ ratio	2.8%	4.0%	2.9%	2.8%	4.8%	3.8%
	YTD NCO ratio	3.4%	2.4%	2.6%	3.6%	5.1%	3.9%
Total	Loans (% of total)	10%	12%	22%	15%	41%	100%
	NPA + 90+ ratio	3.5%	4.1%	3.4%	3.2%	5.1%	4.2%
	YTD NCO ratio	4.8%	2.7%	3.4%	4.2%	6.0%	4.6%
1sts	Loans (% of total)	4%	3%	2%	<1%	3%	14%
	NPA + 90+ ratio	3.3%	6.7%	9.2%	5.1%	12.9%	7.6%
	YTD NCO ratio	2.7%	2.1%	3.2%	7.1%	4.9%	3.3%
2nds	Loans (% of total)	5%	9%	20%	14%	38%	86%
	NPA + 90+ ratio	3.5%	3.1%	2.7%	3.2%	4.5%	3.7%
	YTD NCO ratio	6.3%	2.9%	3.4%	4.1%	6.1%	4.8%
Total	Loans (% of total)	10%	12%	22%	15%	41%	100%
	NPA + 90+ ratio	3.5%	4.1%	3.4%	3.2%	5.1%	4.2%
	YTD NCO ratio	4.8%	2.7%	3.4%	4.2%	6.0%	4.6%
HE loans	Loans (% of total)	2%	3%	5%	3%	12%	26%
	NPA + 90+ ratio	6.2%	4.8%	5.0%	2.9%	6.4%	5.4%
	YTD NCO ratio	13.2%	2.6%	2.9%	3.8%	5.2%	5.0%
HELOCs	Loans (% of total)	7%	9%	18%	12%	29%	74%
	NPA + 90+ ratio	2.6%	3.9%	3.0%	3.3%	4.6%	3.8%
	YTD NCO ratio	2.3%	2.7%	3.5%	4.4%	6.3%	4.5%
Total	Loans (% of total)	10%	12%	22%	15%	41%	100%
	NPA + 90+ ratio	3.5%	4.1%	3.4%	3.2%	5.1%	4.2%
	YTD NCO ratio	4.8%	2.7%	3.4%	4.2%	6.0%	4.6%
<660#	Loans (% of total)	1%	1%	1%	1%	1%	4%
	NPA + 90+ ratio	7.7%	19.2%	7.7%	10.3%	10.2%	10.3%
	YTD NCO ratio	17.4%	14.3%	9.5%	6.7%	9.9%	10.8%
660-689	Loans (% of total)	1%	1%	3%	2%	5%	12%
	NPA + 90+ ratio	6.9%	4.7%	7.1%	4.6%	8.8%	7.2%
	YTD NCO ratio	11.4%	2.9%	6.6%	6.9%	7.7%	7.1%
690-719	Loans (% of total)	1%	2%	4%	3%	10%	21%
	NPA + 90+ ratio	4.6%	4.0%	5.1%	4.0%	6.5%	5.5%
	YTD NCO ratio	8.4%	4.2%	3.5%	6.6%	7.0%	6.0%
720-749	Loans (% of total)	2%	3%	5%	4%	11%	23%
	NPA + 90+ ratio	5.3%	6.1%	3.0%	3.2%	4.3%	4.1%
	YTD NCO ratio	6.4%	2.8%	3.9%	3.6%	6.9%	5.3%
750+	Loans (% of total)	5%	6%	9%	6%	13%	39%
	NPA + 90+ ratio	1.1%	1.8%	1.3%	1.5%	2.7%	1.9%
	YTD NCO ratio	0.7%	0.9%	1.4%	2.3%	3.5%	2.1%
Other^	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	<1%
	NPA + 90+ ratio	10.6%	0.0%	0.0%	0.0%	10.8%	8.8%
	YTD NCO ratio	3.8%	0.0%	0.0%	0.0%	2.3%	2.9%
Total	Loans (% of total)	10%	12%	22%	15%	41%	100%
	NPA + 90+ ratio	3.5%	4.1%	3.4%	3.2%	5.1%	4.2%
	YTD NCO ratio	4.8%	2.7%	3.4%	4.2%	6.0%	4.6%

# Includes relationship based and private lending

^ Includes acquired loans where FICOs at origination is not available

Note: All consumer YTD net charge-off ratios throughout this document are calculated using third quarter end of period loan balances Nate: Percentages may not sum due to rounding

3

Retail direct home equity ($10.2 billion)
Combined loan-to-value (origination)
		<=70%	70.1-80%	80.1-90%	90.1-95%	95.1 +	Total
Florida	Loans (% of total)	5%	2%	1%	<1%	<1%	9%
	NPA + 90+ ratio	1.8%	3.0%	4.2%	4.8%	6.4%	2.7%
	YTD NCO ratio	0.7%	1.8%	5.9%	6.0%	8.8%	2.1%
Michigan	Loans (% of total)	9%	5%	4%	2%	2%	22%
	NPA + 90+ ratio	1.9%	1.9%	2.5%	4.2%	3.7%	2.4%
	YTD NCO ratio	0.6%	1.1%	2.0%	2.9%	3.0%	1.4%
Other	Loans (% of total)	28%	15%	13%	5%	9%	70%
	NPA + 90+ ratio	1.1%	1.3%	1.9%	1.2%	2.2%	1.4%
	YTD NCO ratio	0.4%	0.5%	0.7%	1.1%	1.7%	0.7%
Total	Loans (% of total)	41%	22%	18%	7%	12%	100%
	NPA + 90+ ratio	1.4%	1.6%	2.1%	2.0%	2.7%	1.8%
	YTD NCO ratio	0.5%	0.7%	1.3%	1.7%	2.2%	0.9%
1sts	Loans (% of total)	16%	7%	3%	1%	1%	26%
	NPA + 90+ ratio	1.1%	1.7%	3.9%	4.4%	5.3%	1.7%
	YTD NCO ratio	0.4%	0.7%	1.1%	0.8%	2.4%	0.6%
2nds	Loans (% of total)	26%	15%	15%	7%	11%	74%
	NPA + 90+ ratio	1.6%	1.5%	1.8%	1.8%	2.5%	1.8%
	YTD NCO ratio	0.5%	0.7%	1.3%	1.8%	2.2%	1.1%
Total	Loans (% of total)	41%	22%	18%	7%	12%	100%
	NPA + 90+ ratio	1.4%	1.6%	2.1%	2.0%	2.7%	1.8%
	YTD NCO ratio	0.5%	0.7%	1.3%	1.7%	2.2%	0.9%
HE loans	Loans (% of total)	6%	3%	3%	1%	2%	15%
	NPA + 90+ ratio	1.9%	2.0%	2.6%	2.7%	2.6%	2.2%
	YTD NCO ratio	0.6%	0.8%	0.9%	1.5%	2.0%	1.0%
HELOCs	Loans (% of total)	35%	19%	15%	6%	9%	85%
	NPA + 90+ ratio	1.3%	1.5%	2.1%	1.9%	2.7%	1.7%
	YTD NCO ratio	0.4%	0.7%	1.4%	1.7%	2.2%	0.9%
Total	Loans (% of total)	41%	22%	18%	7%	12%	100%
	NPA + 90+ ratio	1.4%	1.6%	2.1%	2.0%	2.7%	1.8%
	YTD NCO ratio	0.5%	0.7%	1.3%	1.7%	2.2%	0.9%
< 660#	Loans (% of total)	1%	1%	1%	<1%	1%	4%
	NPA + 90+ ratio	6.2%	6.3%	6.0%	5.7%	8.1%	6.4%
	YTD NCO ratio	1.5%	2.5%	2.5%	5.2%	4.8%	2.8%
660-689	Loans (% of total)	2%	2%	2%	1%	1%	7%
	NPA + 90+ ratio	3.0%	3.5%	5.8%	4.8%	5.2%	4.3%
	YTD NCO ratio	1.1%	2.3%	3.2%	2.3%	4.8%	2.6%
690-719	Loans (% of total)	3%	3%	3%	1%	2%	12%
	NPA + 90+ ratio	2.1%	3.2%	3.1%	3.5%	3.8%	3.0%
	YTD NCO ratio	0.6%	1.2%	1.9%	2.5%	2.7%	1.6%
720-749	Loans (% of total)	4%	4%	4%	2%	3%	16%
	NPA + 90+ ratio	1.1%	1.9%	2.4%	1.7%	2.1%	1.8%
	YTD NCO ratio	0.5%	0.9%	1.3%	1.9%	2.1%	1.2%
750+	Loans (% of total)	18%	13%	9%	3%	5%	48%
	NPA + 90+ ratio	0.4%	0.5%	0.7%	0.8%	0.9%	0.6%
	YTD NCO ratio	0.2%	0.2%	0.6%	0.9%	0.9%	0.4%
Other^	Loans (% of total)	13%	<1%	<1%	<1%	<1%	13%
	NPA + 90+ ratio	2.0%	2.8%	1.1%	0.3%	4.3%	2.0%
	YTD NCO ratio	0.6%	0.0%	0.4%	1.2%	0.3%	0.6%
Total	Loans (% of total)	41%	22%	18%	7%	12%	100%
	NPA + 90+ ratio	1.4%	1.6%	2.1%	2.0%	2.7%	1.8%
	YTD NCO ratio	0.5%	0.7%	1.3%	1.7%	2.2%	0.9	%

# Includes relationship based and private lending

^ Includes acquired loans where FICOs at origination is not available

4

Total home equity ($12.6 billion)
Combined loan-to-value (origination)
		<=70%	70.1-80%	80.1-90%	90.1-95%	95.1 +	Total
Florida	Loans (% of total)	4%	2%	1%	<1%	1%	8%
	NPA + 90+ ratio	1.9%	3.5%	4.7%	5.4%	9.0%	3.2%
	YTD NCO ratio	1.2%	2.0%	7.3%	8.6%	15.4%	3.4%
Michigan	Loans (% of total)	7%	4%	4%	2%	3%	21%
	NPA + 90+ ratio	2.1%	2.1%	3.0%	4.1%	4.4%	2.8%
	YTD NCO ratio	0.8%	1.3%	2.5%	3.4%	4.8%	2.1%
Other	Loans (% of total)	24%	14%	13%	6%	13%	71%
	NPA + 90+ ratio	1.2%	1.6%	2.1%	1.7%	3.5%	1.9%
	YTD NCO ratio	0.5%	0.7%	1.1%	1.9%	3.3%	1.3%
Total	Loans (% of total)	35%	20%	19%	9%	17%	100%
	NPA + 90+ ratio	1.5%	1.9%	2.4%	2.4%	3.8%	2.2%
	YTD NCO ratio	0.7%	0.9%	1.8%	2.5%	3.9%	1.6%
1sts	Loans (% of total)	14%	6%	3%	1%	1%	24%
	NPA + 90+ ratio	1.2%	2.2%	4.9%	4.5%	9.1%	2.3%
	YTD NCO ratio	0.5%	0.8%	1.5%	1.8%	3.7%	0.9%
2nds	Loans (% of total)	22%	14%	16%	8%	16%	76%
	NPA + 90+ ratio	1.6%	1.7%	2.1%	2.3%	3.4%	2.2%
	YTD NCO ratio	0.8%	1.0%	1.8%	2.6%	3.9%	1.9%
Total	Loans (% of total)	35%	20%	19%	9%	17%	100%
	NPA + 90+ ratio	1.5%	1.9%	2.4%	2.4%	3.8%	2.2%
	YTD NCO ratio	0.7%	0.9%	1.8%	2.5%	3.9%	1.6%
HE loans	Loans (% of total)	5%	3%	3%	2%	4%	17%
	NPA + 90+ ratio	2.2%	2.5%	3.3%	2.7%	4.7%	3.1%
	YTD NCO ratio	1.6%	1.2%	1.5%	2.3%	3.8%	2.1%
HELOCs	Loans (% of total)	30%	17%	16%	7%	13%	83%
	NPA + 90+ ratio	1.4%	1.8%	2.3%	2.3%	3.5%	2.0%
	YTD NCO ratio	0.5%	0.9%	1.8%	2.6%	3.9%	1.5%
Total	Loans (% of total)	35%	20%	19%	9%	17%	100%
	NPA + 90+ ratio	1.5%	1.9%	2.4%	2.4%	3.8%	2.2%
	YTD NCO ratio	0.7%	0.9%	1.8%	2.5%	3.9%	1.6%
< 660#	Loans (% of total)	1%	1%	1%	<1%	1%	4%
	NPA + 90+ ratio	6.3%	7.8%	6.4%	7.2%	8.8%	7.2%
	YTD NCO ratio	3.1%	3.9%	4.2%	5.7%	6.5%	4.4%
660-689	Loans (% of total)	2%	2%	2%	1%	2%	8%
	NPA + 90+ ratio	3.3%	3.7%	6.2%	4.7%	6.9%	5.1%
	YTD NCO ratio	2.0%	2.4%	4.1%	4.0%	6.2%	3.8%
690-719	Loans (% of total)	3%	3%	3%	2%	4%	14%
	NPA + 90+ ratio	2.3%	3.3%	3.6%	3.6%	5.2%	3.7%
	YTD NCO ratio	1.3%	1.7%	2.3%	4.0%	4.9%	2.9%
720-749	Loans (% of total)	4%	4%	4%	2%	4%	17%
	NPA + 90+ ratio	1.4%	2.5%	2.6%	2.2%	3.2%	2.4%
	YTD NCO ratio	0.9%	1.2%	1.9%	2.4%	4.4%	2.2%
750+	Loans (% of total)	16%	11%	9%	4%	6%	46%
	NPA + 90+ ratio	0.4%	0.6%	0.8%	1.0%	1.7%	0.8%
	YTD NCO ratio	0.2%	0.3%	0.8%	1.3%	1.9%	0.7%
Other^	Loans (% of total)	10%	<1%	<1%	<1%	<1%	11%
	NPA + 90+ ratio	2.0%	2.7%	1.1%	0.2%	5.7%	2.1%
	YTD NCO ratio	0.6%	0.0%	0.3%	1.1%	0.8%	0.6%
Total	Loans (% of total)	35%	20%	19%	9%	17%	100%
	NPA + 90+ ratio	1.5%	1.9%	2.4%	2.4%	3.8%	2.2%
	YTD NCO ratio	0.7%	0.9%	1.8%	2.5%	3.9%	1.6%

# Includes relationship based and private lending

^ Includes acquired loans where FICOs at origination is not available

5

Total residential mortgage ($9.4 billion)
FICO (origination)
		< 660#	660-689	690-719	720-750	750+	Other^	Total
Lots	Loans (% of total)	<1%	1%	1%	1%	2%	3%	8%
	NPA + 90+ ratio	27.1%	23.2%	24.0%	21.2%	15.5%	30.5%	23.9%
	YTD NCO ratio	22.2%	15.9%	15.6%	12.9%	6.9%	8.0%	10.3%
Residential construction Loans (% of total)		<1%	0%	1%	1%	2%	1%	5%
	NPA + 90+ ratio	0.0%	0.0%	0.6%	0.0%	0.4%	3.2%	1.0%
	YTD NCO ratio	2.4%	0.0%	0.0%	0.0%	0.0%	3.5%	0.9%
Other non-owner	Loans (% of total)	<1%	<1%	1%	<1%	1%	5%	7%
occupied	NPA + 90+ ratio	33.4%	27.4%	29.0%	22.8%	17.7%	20.9%	22.2%
	YTD NCO ratio	18.5%	13.0%	10.9%	10.8%	12.7%	4.6%	7.5%
Owner occupied	Loans (% of total)	9%	7%	10%	11%	25%	19%	80%
	NPA + 90+ ratio	15.9%	9.8%	5.4%	3.5%	1.4%	6.8%	5.7%
	YTD NCO ratio	3.0%	1.6%	1.6%	1.0%	0.6%	1.2%	1.3%
Total	Loans (% of total)	9%	8%	12%	13%	30%	27%	100%
	NPA + 90+ ratio	16.6%	11.2%	7.6%	5.5%	2.8%	11.8%	8.2%
	YTD NCO ratio	4.2%	3.1%	3.0%	2.3%	1.4%	2.7%	2.5%

Total residential mortgage ($9.4 billion)
Loan-to-value (origination)
		<=70%	70.1-80%	80.1-90%	90.1-95%	95.1 +	Total
Lots	Loans (% of total)	1%	2%	2%	<1%	3%	8%
	NPA + 90+ ratio	25.8%	25.0%	25.3%	21.5%	21.3%	23.9%
	YTD NCO ratio	11.3%	14.4%	6.4%	6.0%	9.9%	10.3%
Residential construction	Loans (% of total)	1%	2%	1%	1%	<1%	5%
	NPA + 90+ ratio	2.8%	0.5%	0.0%	0.8%	2.5%	1.0%
	YTD NCO ratio	3.7%	0.1%	0.0%	0.0%	1.7%	0.9%
Other non-owner	Loans (% of total)	1%	4%	2%	<1%	<1%	7%
occupied	NPA + 90+ ratio	13.0%	18.5%	35.7%	33.1%	26.2%	22.2%
	YTD NCO ratio	2.8%	6.2%	8.8%	10.8%	26.2%	7.5%
Owner occupied	Loans (% of total)	22%	33%	7%	4%	13%	80%
	NPA + 90+ ratio	2.4%	4.1%	11.1%	10.8%	10.8%	5.7%
	YTD NCO ratio	0.3%	0.8%	2.8%	2.5%	2.7%	1.3%
Total	Loans (% of total)	25%	41%	12%	5%	16%	100%
	NPA + 90+ ratio	3.9%	6.3%	15.8%	11.5%	12.9%	8.2%
	YTD NCO ratio	1.0%	2.0%	4.0%	2.9%	4.6%	2.5%

Total residential mortgage ($9.4 billion)
		Florida	Michigan	Other	Total
Lots	Loans (% of total)	4%	1%	4%	8%
	NPA + 90+ ratio	34.4%	7.1%	13.8%	23.9%
	YTD NCO ratio	18.7%	2.6%	1.2%	10.3%
Residential construction	Loans (% of total)	1%	1%	3%	5%
	NPA + 90+ ratio	0.4%	2.8%	0.7%	1.0%
	YTD NCO ratio	1.4%	0.6%	0.9%	0.9%
Other non-owner	Loans (% of total)	5%	<1%	2%	7%
occupied	NPA + 90+ ratio	24.0%	21.2%	18.6%	22.2%
	YTD NCO ratio	7.1%	16.0%	7.2%	7.5%
Owner occupied	Loans (% of total)	20%	12%	47%	80%
	NPA + 90+ ratio	9.0%	7.5%	3.8%	5.7%
	YTD NCO ratio	2.7%	1.9%	0.5%	1.3%
Total	Loans (% of total)	30%	14%	56%	100%
	NPA + 90+ ratio	14.6%	7.5%	4.9%	8.2%
	YTD NCO ratio	5.6%	2.2%	0.9%	2.5%

# Loans with FICO < 660 include CRA and FHA/VA loans as well as relationship based and private lending

^ Includes acquired loans where FICOs at origination is not available

6

Total auto ($8.3 billion)
FICO (origination)
		< 660		660-689		690-719		720-750		750+		Other^		Total
Auto/Van	Loans (% of total)	1	%	5	%	10	%	9	%	20	%	2	%	48	%
	NPA + 90+ ratio	1.1	%	0.7	%	0.5	%	0.3	%	0.1	%	0.4	%	0.3	%
	YTD NCO ratio	3.8	%	3.0	%	1.8	%	1.3	%	0.5	%	2.8	%	1.4	%
Small/Med SUV and Compact Pickup	Loans (% of total)	1	%	3	%	6	%	6	%	13	%	0	%	29	%
	NPA + 90+ ratio	0.7	%	0.6	%	0.5	%	0.3	%	0.1	%	1.1	%	0.3	%
	YTD NCO ratio	3.9	%	2.8	%	1.9	%	1.2	%	0.4	%	16.1	%	1.3	%
Large SUV/Full Size Pickup	Loans (% of total)	1	%	3	%	5	%	5	%	9	%	0	%	23	%
	NPA + 90+ ratio	1.3	%	0.8	%	0.6	%	0.3	%	0.1	%	0.7	%	0.4	%
	YTD NCO ratio	4.6	%	3.5	%	2.3	%	1.7	%	0.5	%	10.3	%	1.7	%
Total	Loans (% of total)	3	%	11	%	21	%	20	%	43	%	2	%	100	%
	NPA + 90+ ratio	1.0	%	0.7	%	0.5	%	0.3	%	0.1	%	0.4	%	0.3	%
	YTD NCO ratio	4.0	%	3.1	%	2.0	%	1.4	%	0.5	%	3.6	%	1.5	%
New	Loans (% of total)	1	%	4	%	8	%	8	%	21	%	1	%	44	%
	NPA + 90+ ratio	1.0	%	0.6	%	0.5	%	0.3	%	0.1	%	0.4	%	0.3	%
	YTD NCO ratio	3.8	%	2.7	%	1.7	%	1.1	%	0.3	%	1.2	%	1.0	%
Used	Loans (% of total)	2	%	8	%	13	%	11	%	22	%	1	%	56	%
	NPA + 90+ ratio	1.0	%	0.8	%	0.6	%	0.3	%	0.2	%	0.5	%	0.4	%
	YTD NCO ratio	4.2	%	3.2	%	2.2	%	1.6	%	0.7	%	7.0	%	1.8	%
Total	Loans (% of total)	3	%	11	%	21	%	20	%	43	%	2	%	100	%
	NPA + 90+ ratio	1.0	%	0.7	%	0.5	%	0.3	%	0.1	%	0.4	%	0.3	%
	YTD NCO ratio	4.0	%	3.1	%	2.0	%	1.4	%	0.5	%	3.6	%	1.5	%
<=100% advance rate	Loans (% of total)	2	%	6	%	10	%	10	%	27	%	2	%	56	%
	NPA + 90+ ratio	0.8	%	0.5	%	0.3	%	0.1	%	0.1	%	0.4	%	0.2	%
	YTD NCO ratio	3.1	%	1.7	%	1.0	%	0.7	%	0.2	%	2.5	%	0.7	%
>100% advance rate	Loans (% of total)	1	%	5	%	11	%	10	%	15	%	1	%	44	%
	NPA + 90+ ratio	1.3	%	0.9	%	0.7	%	0.5	%	0.3	%	0.5	%	0.5	%
	YTD NCO ratio	5.5	%	4.6	%	2.9	%	2.1	%	1.1	%	6.9	%	2.4	%
Total	Loans (% of total)	3	%	11	%	21	%	20	%	43	%	2	%	100	%
	NPA + 90+ ratio	1.0	%	0.7	%	0.5	%	0.3	%	0.1	%	0.4	%	0.3	%
	YTD NCO ratio	4.0	%	3.1	%	2.0	%	1.4	%	0.5	%	3.6	%	1.5	%
<=60 month term	Loans (% of total)	1	%	3	%	5	%	5	%	17	%	1	%	33	%
	NPA + 90+ ratio	0.7	%	0.6	%	0.3	%	0.2	%	0.1	%	0.4	%	0.2	%
	YTD NCO ratio	3.1	%	2.0	%	1.1	%	0.7	%	0.2	%	3.4	%	0.8	%
>60 month term	Loans (% of total)	2	%	8	%	16	%	14	%	26	%	1	%	67	%
	NPA + 90+ ratio	1.2	%	0.8	%	0.6	%	0.4	%	0.2	%	0.6	%	0.4	%
	YTD NCO ratio	4.7	%	3.5	%	2.3	%	1.6	%	0.7	%	4.0	%	1.8	%
Total	Loans (% of total)	3	%	11	%	21	%	20	%	43	%	2	%	100	%
	NPA + 90+ ratio	1.0	%	0.7	%	0.5	%	0.3	%	0.1	%	0.4	%	0.3	%
	YTD NCO ratio	4.0	%	3.1	%	2.0	%	1.4	%	0.5	%	3.6	%	1.5	%

^ Includes acquired loans where FICOs at origination is not available

7

		Consumer loans by vintage
		Mortgage				Home equity
		Lot	Resi constr	Other non- owner occ’d	Owner occ’d	Brokered	Direct	Auto	Card	Other	Total
2008	Loans (% of total, by loan type)	1%	41%	2%	12%	1%	12%	36%	16%	19%	17%
	NPA + 90+ ratio	1.5%	1.2%	0.0%	0.9%	0.0%	0.1%	0.2%	0.9%	0.0%	0.3%
	YTD NCO ratio	0.0%	0.4%	0.0%	0.0%	0.0%	0.0%	0.3%	0.2%	0.1%	0.2%
2007	Loans (% of total, by loan type)	13%	37%	9%	19%	14%	12%	28%	38%	21%	20%
	NPA + 90+ ratio	9.8%	0.5%	23.6%	3.8%	2.1%	0.7%	0.3%	3.3%	0.4%	1.9%
	YTD NCO ratio	1.5%	0.9%	8.1%	0.5%	3.8%	0.4%	2.3%	4.1%	1.5%	1.8%
2006	Loans (% of total, by loan type)	34%	15%	19%	15%	33%	15%	15%	12%	19%	17%
	NPA + 90+ ratio	15.7%	1.1%	27.8%	8.6%	4.5%	2.4%	0.7%	4.6%	1.3%	4.9%
	YTD NCO ratio	7.1%	0.8%	9.9%	2.4%	6.7%	1.7%	2.7%	7.2%	2.6%	3.5%
2005	Loans (% of total, by loan type)	40%	5%	39%	26%	26%	15%	15%	9%	17%	19%
	NPA + 90+ ratio	35.7%	1.7%	24.1%	6.5%	4.3%	2.4%	0.4%	4.7%	0.7%	6.1%
	YTD NCO ratio	17.7%	0.2%	8.4%	1.9%	4.0%	1.6%	1.5%	7.2%	2.1%	3.2%
2004 and prior	Loans (% of total, by loan type)	12%	2%	31%	27%	25%	46%	6%	25%	24%	27%
	NPA + 90+ ratio	24.8%	3.7%	17.2%	6.8%	5.0%	2.1%	0.7%	5.1%	1.7%	4.0%
	YTD NCO ratio	4.9%	14.1%	5.3%	1.1%	3.2%	0.9%	1.4%	8.4%	2.4%	1.7%
Total	Loans (% of total, by loan type)	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%
	NPA + 90+ ratio	23.9%	1.0%	22.2%	5.7%	4.2%	1.8%	0.3%	3.7%	0.9%	3.5%
	YTD NCO ratio	10.3%	0.9%	7.5%	1.3%	4.6%	0.9%	1.5%	5.3%	1.8%	2.0%

8

Third Quarter 2008 Portfolio Loan and Lease Stratifications Commercial

9

Total commercial loans ($52.4 billion)
		Florida	Michigan	Other	Total
Other non-owner occupied RE	Loans (% of total)	5%	5%	13%	24%
	NPA ratio	17.7%	13.2%	5.3%	9.7%
	YTD NCO ratio	6.1%	6.4%	1.1%	3.5%
Owner-occupied RE	Loans (% of total)	2%	4%	8%	13%
	NPA ratio	3.2%	4.8%	2.0%	3.0%
	YTD NCO ratio	0.4%	1.6%	0.5%	0.8%
C&I	Loans (% of total)	4%	9%	43%	56%
	NPA ratio	4.2%	2.3%	1.6%	1.9%
	YTD NCO ratio	3.0%	1.0%	1.0%	1.1%
Commercial lease	Loans (% of total)	<1%	<1%	7%	7%
	NPA ratio	0.0%	4.2%	0.4%	0.6%
	YTD NCO ratio	0.0%	0.1%	0.1%	0.1%
Other	Loans (% of total)	<1%	<1%	<1%	<1%
	NPA ratio	0.0%	0.0%	0.0%	0.0%
	YTD NCO ratio	0.0%	0.0%	nm	nm
Total	Loans (% of total)	10%	19%	71%	100%
	NPA ratio	10.7%	5.9%	2.2%	3.8%
	YTD NCO ratio	4.2%	2.7%	0.9%	1.6%
C&I	Loans (% of total)	4%	9%	43%	56%
	NPA ratio	4.2%	2.3%	1.6%	1.9%
	YTD NCO ratio	3.0%	1.0%	1.0%	1.1%
Commercial mortgage	Loans (% of total)	4%	7%	14%	26%
	NPA ratio	13.0%	6.8%	2.9%	5.6%
	YTD NCO ratio	4.0%	1.9%	0.6%	1.6%
Commercial construction	Loans (% of total)	2%	2%	7%	11%
	NPA ratio	15.9%	19.8%	6.5%	11.0%
	YTD NCO ratio	5.8%	12.6%	1.7%	4.8%
Commercial lease	Loans (% of total)	<1%	<1%	7%	7%
	NPA ratio	0.0%	4.2%	0.4%	0.6%
	YTD NCO ratio	0.0%	0.1%	0.1%	0.1%
Other	Loans (% of total)	<1%	<1%	<1%	<1%
	NPA ratio	0.0%	0.0%	0.0%	0.0%
	YTD NCO ratio	0.0%	0.0%	nm	nm
Total	Loans (% of total)	10%	19%	71%	100%
	NPA ratio	10.7%	5.9%	2.2%	3.8%
	YTD NCO ratio	4.2%	2.7%	0.9%	1.6%
Homebuilders / developers (included in #’s above)	Loans (% of total)	2%	1%	3%	6%
	NPA ratio	36.7%	31.5%	11.3%	22.9%
	YTD NCO ratio	14.1%	20.1%	3.3%	10.7%

10

Total commercial loans ($52.4 billion)
		C&I	Commercial mortgage	Commercial construction	Other	Total
Other non-owner occupied RE	Loans (% of total)	<1%	14%	9%	<1%	24%
	NPA ratio	0.0%	7.8%	12.4%	0.0%	9.7%
	YTD NCO ratio	0.0%	2.2%	5.4%	0.0%	3.5%
Owner-occupied RE	Loans (% of total)	<1%	11%	2%	<1%	13%
	NPA ratio	0.0%	2.7%	4.2%	0.0%	3.0%
	YTD NCO ratio	0.0%	0.6%	1.8%	0.0%	0.8%
C&I	Loans (% of total)	56%	<1%	<1%	<1%	56%
	NPA ratio	1.9%	0.0%	0.0%	0.0%	1.9%
	YTD NCO ratio	1.1%	0.0%	0.0%	0.0%	1.1%
Commercial lease	Loans (% of total)	<1%	<1%	<1%	7%	7%
	NPA ratio	0.0%	0.0%	0.0%	0.6%	0.6%
	YTD NCO ratio	0.0%	0.0%	0.0%	0.1%	0.1%
Other	Loans (% of total)	nm	<1%	<1%	nm	<1%
	NPA ratio	0.0%	0.0%	0.0%	0.0%	0.0%
	YTD NCO ratio	0.0%	nm	nm	1.1%	nm
Total	Loans (% of total)	56%	26%	11%	7%	100%
	NPA ratio	1.9%	5.6%	11.0%	1.2%	3.8%
	YTD NCO ratio	1.1%	1.6%	4.8%	0.0%	1.6%
Homebuilders / developers (included in #’s above)	Loans (% of total)	<1%	2%	3%	<1%	6%
	NPA ratio	21.3%	25.4%	21.2%	0.0%	22.9%
	YTD NCO ratio	4.9%	10.5%	11.7%	4.2%	10.7%

11

Total commercial loans ($52.4 billion)
		Residential raw land	Residential developed land	Residential vertical land	Commercial raw land	Commercial developed land	Other	Total
Other non-owner occupied RE	Loans (% of total)	2%	2%	4%	1%	1%	14%	24%
	NPA ratio	22.7%	25.5%	14.0%	14.5%	11.3%	4.5%	9.7%
	YTD NCO ratio	12.6%	11.9%	3.8%	2.0%	5.5%	1.2%	3.5%
Owner-occupied RE	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	13%	13%
	NPA ratio	0.0%	80.5%	11.3%	0.0%	1.2%	2.6%	3.0%
	YTD NCO ratio	0.0%	275.1%	3.9%	0.0%	0.0%	0.5%	0.8%
C&I	Loans (% of total)	<1%	<1%	1%	<1%	<1%	54%	56%
	NPA ratio	2.1%	8.9%	6.8%	3.2%	3.3%	1.8%	1.9%
	YTD NCO ratio	1.5%	0.0%	1.7%	0.4%	0.0%	1.1%	1.1%
Commercial lease	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	7%	7%
	NPA ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.6%	0.6%
	YTD NCO ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%
Other	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	<1%	<1%
	NPA ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
	YTD NCO ratio	0.0%	0.0%	0.0%	0.0%	0.0%	nm	nm
Total	Loans (% of total)	2%	2%	5%	2%	1%	89%	100%
	NPA ratio	21.8%	25.4%	12.3%	12.5%	10.1%	2.3%	3.8%
	YTD NCO ratio	12.0%	12.8%	3.3%	1.7%	4.9%	1.0%	1.6%
Florida	Loans (% of total)	<1%	1%	1%	<1%	<1%	7%	10%
	NPA ratio	21.0%	43.4%	14.2%	24.4%	16.8%	5.2%	10.7%
	YTD NCO ratio	11.0%	21.8%	1.7%	2.5%	7.1%	2.2%	4.2%
Michigan	Loans (% of total)	1%	<1%	1%	<1%	<1%	17%	19%
	NPA ratio	30.7%	28.8%	19.4%	19.0%	19.6%	3.6%	5.9%
	YTD NCO ratio	23.1%	16.5%	8.9%	3.5%	14.7%	1.1%	2.7%
Other	Loans (% of total)	1%	1%	3%	1%	1%	65%	71%
	NPA ratio	16.6%	8.7%	9.1%	5.7%	4.4%	1.6%	2.2%
	YTD NCO ratio	5.7%	1.8%	1.4%	0.8%	1.4%	0.7%	0.9%
Total	Loans (% of total)	2%	2%	5%	2%	1%	89%	100%
	NPA ratio	21.8%	25.4%	12.3%	12.5%	10.1%	2.3%	3.8%
	YTD NCO ratio	12.0%	12.8%	3.3%	1.7%	4.9%	1.0%	1.6%
Homebuilders / developers (included in #’s above)	Loans (% of total)	2%	2%	2%	<1%	<1%	<1%	6%
	NPA ratio	23.6%	24.7%	17.6%	0.0%	0.0%	35.6%	22.9%
	YTD NCO ratio	12.0%	13.2%	5.1%	0.0%	0.0%	16.2%	10.7%

12

Total commercial loans ($52.4 billion)
		C&I	Commercial mortgage	Commercial construction	Other	Total
Accommodation	Loans (% of total)	1%	1%	<1%	<1%	2%
	NPA ratio	3.2%	6.0%	33.8%	0.0%	5.6%
	YTD NCO ratio	0.8%	0.3%	4.3%	0.0%	0.7%
Auto manufacturing	Loans (% of total)	1%	<1%	<1%	<1%	1%
	NPA ratio	0.3%	10.3%	0.0%	0.9%	0.8%
	YTD NCO ratio	0.0%	0.0%	0.0%	0.6%	0.0%
Construction	Loans (% of total)	3%	3%	5%	<1%	11%
	NPA ratio	7.3%	14.2%	17.4%	8.5%	13.7%
	YTD NCO ratio	3.3%	4.6%	8.6%	0.0%	5.9%
Finance & insurance	Loans (% of total)	6%	<1%	<1%	<1%	7%
	NPA ratio	0.8%	2.6%	0.0%	0.0%	0.8%
	YTD NCO ratio	0.7%	nm	0.0%	0.0%	0.6%
Manufacturing	Loans (% of total)	11%	1%	<1%	1%	13%
	NPA ratio	1.5%	2.4%	0.0%	1.5%	1.6%
	YTD NCO ratio	0.4%	2.0%	0.0%	1.2%	0.6%
Real estate	Loans (% of total)	5%	14%	5%	<1%	24%
	NPA ratio	2.7%	5.6%	6.5%	0.1%	5.1%
	YTD NCO ratio	0.8%	1.6%	2.7%	0.1%	1.6%
Retail trade	Loans (% of total)	2%	1%	<1%	<1%	3%
	NPA ratio	3.3%	4.5%	6.3%	3.5%	3.7%
	YTD NCO ratio	0.9%	0.5%	0.8%	0.0%	0.7%
Auto retailers	Loans (% of total)	3%	1%	<1%	<1%	4%
	NPA ratio	2.8%	0.6%	0.0%	0.0%	2.3%
	YTD NCO ratio	1.1%	0.2%	0.0%	0.0%	0.9%
Wholesale trade	Loans (% of total)	4%	<1%	<1%	<1%	5%
	NPA ratio	0.7%	0.7%	36.1%	0.0%	0.9%
	YTD NCO ratio	0.9%	0.0%	0.0%	0.0%	0.7%
Other	Loans (% of total)	19%	5%	1%	5%	29%
	NPA ratio	1.1%	2.6%	3.2%	0.8%	1.4%
	YTD NCO ratio	1.5%	0.8%	1.0%	nm	1.1%
Total	Loans (% of total)	56%	26%	11%	7%	100%
	NPA ratio	1.9%	5.6%	11.0%	1.2%	3.8%
	YTD NCO ratio	1.1%	1.6%	4.8%	0.0%	1.6%

13

Total commercial loans ($52.4 billion)
		Florida	Michigan	Other	Total
Accommodation	Loans (% of total)	<1%	<1%	1%	2%
	NPA ratio	12.2%	3.6%	4.0%	5.6%
	YTD NCO ratio	0.4%	0.9%	0.8%	0.7%
Auto manufacturing	Loans (% of total)	<1%	1%	1%	1%
	NPA ratio	0.0%	0.4%	1.0%	0.8%
	YTD NCO ratio	0.0%	nm	0.1%	0.0%
Construction	Loans (% of total)	2%	2%	7%	11%
	NPA ratio	23.2%	20.5%	9.3%	13.7%
	YTD NCO ratio	7.8%	12.6%	2.8%	5.9%
Finance & insurance	Loans (% of total)	<1%	1%	5%	7%
	NPA ratio	0.0%	0.3%	1.0%	0.8%
	YTD NCO ratio	1.9%	1.1%	0.4%	0.6%
Manufacturing	Loans (% of total)	<1%	2%	11%	13%
	NPA ratio	2.6%	2.2%	1.4%	1.6%
	YTD NCO ratio	0.1%	0.7%	0.5%	0.6%
Real estate	Loans (% of total)	4%	7%	13%	24%
	NPA ratio	13.2%	6.5%	1.9%	5.1%
	YTD NCO ratio	5.4%	1.9%	0.2%	1.6%
Retail trade	Loans (% of total)	<1%	1%	2%	3%
	NPA ratio	3.2%	4.0%	3.7%	3.7%
	YTD NCO ratio	0.3%	0.8%	0.8%	0.7%
Auto retailers	Loans (% of total)	<1%	1%	3%	4%
	NPA ratio	2.4%	1.9%	2.4%	2.3%
	YTD NCO ratio	2.0%	0.6%	0.9%	0.9%
Wholesale trade	Loans (% of total)	<1%	1%	4%	5%
	NPA ratio	0.0%	0.6%	1.0%	0.9%
	YTD NCO ratio	1.1%	0.3%	0.8%	0.7%
Other	Loans (% of total)	2%	4%	23%	29%
	NPA ratio	2.6%	3.1%	1.0%	1.4%
	YTD NCO ratio	2.1%	1.2%	1.0%	1.1%
Total	Loans (% of total)	10%	19%	71%	100%
	NPA ratio	10.7%	5.9%	2.2%	3.8%
	YTD NCO ratio	4.2%	2.7%	0.9%	1.6%

14

Cautionary Statement

This report may contain forward-looking statements about Fifth Third Bancorp 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 Fifth Third Bancorp 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) general economic conditions and weakening in the economy, specifically the real estate market, either national or in the states in which Fifth Third, does business, are less favorable than expected; (2) deteriorating credit quality; (3) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes in the interest rate environment reduce interest margins; (5) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (6) Fifth Third’s ability to maintain required capital levels and adequate sources of funding and liquidity; (7) changes and trends in capital markets; (8) competitive pressures among depository institutions increase significantly; (9) effects of critical accounting policies and judgments; (10) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; (11) legislative or regulatory changes or actions, or significant litigation, adversely affect Fifth Third, or the businesses in which Fifth Third, one is engaged; (12) ability to maintain favorable ratings from rating agencies; (13) fluctuation of Fifth Third’s stock price; (14) ability to attract and retain key personnel; (15) ability to receive dividends from its subsidiaries; (16) potentially dilutive effect of future acquisitions on current shareholders’ ownership of Fifth Third; (17) effects of accounting or financial results of one or more acquired entities; (18) difficulties in combining the operations of acquired entities; (19) inability to generate the gains on sale and related increase in shareholders’ equity that it anticipates from the sale of certain non-core businesses, (20) loss of income from the sale of certain non-core businesses could have an adverse effect on Fifth Third’s earnings and future growth (21) ability to secure confidential information through the use of computer systems and telecommunications networks; and (22) the impact of reputational risk created by these developments 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, 2007, 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 Fifth Third’s Web site at www.53.com. Fifth Third undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this report.

15