Fourth Quarter 2008 Trends

4Q08 Trends

January 22, 2009

Please refer to earnings release dated January 22, 2009

for full results reported on a GAAP basis

Exhibit 99.4

4Q08 in review

Difficult quarter due to continued deterioration in credit and significant non-recurring items

—

4Q08 net loss of $2.2 billion, or $3.82 per diluted share; full year net loss of $2.2 billion or $3.94

per diluted share

—

Sold or transferred to held-for-sale $1.6 billion in original loan balances, incurred losses of

$800

million

these

loans;

allowance

for

loan

and

lease

losses

increased

$729

million

—

Non-cash goodwill impairment charge of $965 million

Core business momentum remains solid

—

Net interest income growth of 14% from the previous year driven by loan discount accretion

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

interest income increased 4%

—

Fee

income

growth

26%,

excluding

BOLI

and

OTTI

charges,

continued

growth

payments processing revenue, deposit service revenue and corporate banking revenue

—

Average core deposits up 2% and average total deposits up 8%

Strong capital position, well above target ranges

—

Tier 1 capital ratio of 10.6%

—

Total capital ratio of 14.8%

—

Tangible equity ratio of 7.9%

—

Capital actions included reducing the dividend to $0.01 from $0.15 per share and completing

the sale of approximately $3.4 billion in preferred shares to the U.S. Treasury

2.00%

2.20%

2.40%

2.60%

2.80%

3.00%

3.20%

3.40%

3.60%

3.80%

4.00%

4Q07

1Q08

2Q08*

3Q08*

4Q08*

$500

$550

$600

$650

$700

$750

$800

$850

$900

Net interest income

NIM

Net interest income

* 4Q08 reported results: 14% year-over-year growth and 3.46% NIM. Results above exclude $130 million charge related to leveraged lease litigation in 2Q08 and

exclude $31 million, $215 million and $81 million in loan discount accretion from the First Charter acquisition in 2Q08, 3Q08 and 4Q08, respectively.

Fee income

Growth rate: 4%

Payment

processing

Deposit

service

charges

Investment

advisory

Corporate

banking

Mortgage

Secs/other

Reported

year-over-year

fee

income

growth

26%.

Results

above

exclude

$34

million

estimated

non-cash

BOLI

charge

and

$40

million

OTTI

charges

4Q08.

Excludes $76 million in litigation revenue from a prior acquisition, $27 million BOLI charge, and $51 million OTTI charges in 3Q08. Excludes $152 million BOLI charge

and $273 million Visa IPO gain in 1Q08. Excludes $177 million BOLI charge in 4Q07.

YOY

growth

+3%

+2%

-17%

+14%

Continued growth in processing, deposit fees and corporate banking fees

$100

$200

$300

$400

$500

$600

$700

$800

$900

4Q07

1Q08

2Q08

3Q08

4Q08

Fifth Third Processing Solutions

4Q08 revenue

38%

35%

27%

Merchant

Services

Financial

Institutions

Bankcard

+5%

2-Yr

CAGR

YOY

growth

+14%

+10%

+7%

+4%

Merchant Services

Financial Institutions

•

4 leading U.S. acquirer

•

Over 42,000 merchants

•

~169,000 merchant locations

•

$192B in signature volume

•

$28.4B in credit/debit processing volume

•

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

Office Max, Barnes and Noble, U.S.

Treasury

•

Drives nearly 11,000 ATMs throughout

the U.S. and 11 countries

•

~3,000 FI relationships

•

Supports more than 49 million debit

cards

•

1,400 correspondent banking

relationships

Bankcard

•

$2.2B in outstanding balances

•

1.9 million cardholders

•

Top three Debit MasterCard Issuer

•

11 offline and 12 online debit card

issuer

•

23 largest U.S. credit card issuer by total

accounts

$50

$100

$150

$200

$250

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

Financial Institutions

Bankcard

Merchant Services

Corporate banking

$30

$60

$90

$120

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

International

Business lending

Derivatives

Capital markets lending fees

2-Yr

CAGR

YOY

growth

+19%

+25%

+12%

+27%

+6%

-3%

+10%

+32%

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

Credit by portfolio*

C&I

46%

Home equity

Other

consumer

Auto

Residential

mortgage

Commercial

mortgage

11%

Commercial

construction

18%

Card

24%

16%

Other /

National

17%

12%

17%

10%

Net charge-offs by loan type

Net charge-offs by geography

($ 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

$29,197

$12,502

$5,114

$3,666

$50,479

$9,385

$12,752

$8,594

$1,811

$1,122

$33,664

$84,143

% of total

35%

15%

60%

11%

15%

10%

40%

Non-performing assets

$548

$502

$400

$21

$1,472

$719

$243

$34

$30

$1,027

$2,499

NPA ratio

1.88%

4.02%

7.82%

0.59%

2.92%

7.66%

1.90%

0.40%

1.68%

0.10%

3.05%

2.97%

Net charge-offs

$382

$94

$151

$626

$68

$54

$43

$30

$201

$827

Net charge-off ratio

5.03%

2.84%

10.00%

0.00%

4.70%

2.90%

1.68%

2.00%

6.82%

2.41%

2.40%

3.81%

*Loans remaining in loan portfolio as of December 31, 2008

(data excludes loans held-for-sale)

Non-performing assets and net charge-offs:

Product view*

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

Q4 2007

Q1 2008

Q2 2008

Q3 2008

Q4 2008

C&I/Lease

Auto

Credit Card

Other

CRE

Res RE

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Q4 2007

Q1 2008

Q2 2008

Q3 2008

Q4 2008

C&I/Lease

Auto/Other

CRE

Res RE

Total NPAs

Total NCOs

*Loans remaining in loan portfolio as of December 31, 2008

(data excludes loans held-for-sale)

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Q4 2007

Q1 2008

Q2 2008

3Q 2008

4Q 2008

Other SE

National

Other MW

Michigan

Florida

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

Q4 2007

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Other SE

National

Other MW

Michigan

Florida

Non-performing assets and net charge-offs:

Geographic view*

Total NPAs

Total NCOs

*Loans remaining in loan portfolio as of December 31, 2008

(data excludes loans held-for-sale)

9/30/2008

Total

Current

Contractual

carrying

4Q08

carrying

($ in millions)

balance

value

charge-offs

value

Sold

240

177

120

Moved to held-for-sale

1,370

1,165

680

473

Total

$1,610

$1,342

$800

$473

NPAs

as of

9/30/2008

980

732

474

229

Non-NPAs

as of

9/30/2008

630

609

326

244

Total

$1,610

$1,342

$800

$473

Florida

808

669

393

261

Michigan

651

538

354

138

Georgia

North Carolina

Other

106

102

Total

$1,610

$1,342

$800

$473

C&I

Commercial Mortgage

718

625

372

231

Commercial Construction

817

657

389

218

Commercial Lease

Total

$1,610

$1,342

$800

$473

Portfolio actions

Loans identified where sale value

believed to exceed work out value

Portfolio actions reduced risk of further

loss on more problematic loan portfolios

Loans sold or transferred to held-for-

sale reduced to value of approximately

$0.33 on dollar

$440 million, or 55%, of losses were on

homebuilder / developer credits

55% of carrying values on non-accrual

as of 9/30/08; remainder believed to

have significant potential issues

warranting sale

Of the $800 million in 4Q08 losses:

—

93% in Michigan and Florida

—

95% on CRE loans

Portfolio performance drivers*

Performance Largely Driven By

No Participation In

Subprime

Option ARMs

Discontinued or Suspended Lending

Discontinued in 2007:

Brokered home equity ($2.3B)

Suspended in 2008:

Homebuilder/residential development ($2.5B)

Other non-owner occupied commercial RE ($8.6B)

Saleability:

All mortgages originated for intended sale**

** Residential

construction-related

consumer mortgages intended to be held in portfolio until permanent financing complete. Jumbo mortgage originations currently

being held due to market conditions.

Geography:

Florida, Michigan most stressed

4Q08 C/O ratio:

Total loan portfolio 5.27%

Commercial portfolio 6.18%

Consumer portfolio 3.93%

Remaining Midwest, Southeast performance

reflects economic trends

4Q08 C/O ratio:

Total loan portfolio 3.22% ex-FL/MI

Commercial portfolio 4.13% ex-FL/MI

Consumer portfolio 1.74% ex-FL/MI

Products:

Homebuilder/developer charge-offs $128 million in

4Q08

Total charge-off ratio 3.81% (3.32% ex-HBs)

Commercial charge-off ratio 4.70% (3.93% ex-

HBs)

Brokered home equity charge-offs 4.52% in 4Q08

Direct home equity portfolio 1.04%

*Loans remaining in loan portfolio as of December 31, 2008 (data excludes loans held-for-sale)

Loss mitigation activities

Reset policies and guidelines

—

Eliminated all brokered home equity production

—

Significantly tightened underwriting limits and exception authorities

—

Further restrictions on consumer guidelines for weaker geographies

—

Suspended all new residential development lending and non-owner occupied

commercial property lending

—

New concentration limits for commercial portfolio

Loss mitigation and containment

—

Implemented Watch and Criticized Asset Reduction initiative

—

Major expansion of commercial and consumer workout teams

—

Implemented aggressive home equity line management program

—

Expanded consumer credit outreach program

—

Rigorous review of geographic exposures

—

Sales of problem loans

•

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

June

2008

order

provide

greater

cushion

•

Strengthened Fifth Third’s capital position through several capital actions intended to

maintain a Tier 1 ratio within target range should credit deterioration persist

—

Capital

issuances

–

Issued

$1.1

billion

Tier

capital

the

form

convertible

preferred

securities;

achieved new Tier 1 target immediately

–

Completed

the

sale

$3.4

billion

senior

preferred

the

U.S.

Department of the Treasury under the Capital Purchase Program

—

Dividend

reductions

–

Reduced

quarterly

common

dividend

$0.01

per

share,

conserves approximately $300 million in common equity on a full year basis

—

Asset

sales/dispositions

–

Continue

evaluate

businesses

from

strategic

planning

perspective

Strong capital position

7.9%

14.8%

10.6%

4Q08

6-7%

11.5-12.5%

8-9%

Target

N/A

10%

Regulatory

“well-

capitalized”

minimum

TE/TA

Total Capital

Tier 1 Capital

Ratio

Active management of liquidity profile

Fifth Third remains heavily core funded

Flexibility and liquidity further enhanced by

—

Dividend reductions

—

Large capital raise further bolstered

Holding Company cash and capital

levels

—

Significant committed lines available

to access secured borrowings against

assets

Strong debt ratings relative to peers

Stable Funding

Highlights

Equity

10%

Other

liabilities

Borrowings

Savings /

MMDA

17%

Interest

Checking

12%

Foreign Office

Non-core

Deposits

10%

Consumer

Time

12%

Demand

13%

Long Term

Debt

11%

Strong holding company liquidity profile

750

4956

1000

2000

3000

4000

5000

6000

2009

2010

2011

2012

2013

2014 on

Current holding company cash position

through 1Q10

Sufficient to:

—

Satisfy all fixed obligations over the

next twenty-four months (debt

maturities, common and preferred

dividends, interest and other

expenses)

Without:

—

Accessing capital markets

—

Relying on dividends from

subsidiaries

—

Proceeds from asset sales

$31 million in debt maturities in 2009; none

in next four years

Holding Company Unsecured Debt Maturities

Highlights

$mm

Holding Company Liquidity Position

Cash at 12/31/08: $2.7

billion

Expected cash obligations over the next 12 months

—

$31 million in debt maturities

—

~$23 million common dividends

—

~$264 million preferred dividends

—

~$442 million interest and other expenses

Fifth Third

Bancorp

Fifth Third

Capital Trust

Strong bank liquidity profile

835

500

1639

5287

1000

2000

3000

4000

5000

6000

2009

2010

2011

2012

2013

2014 on

Current unused borrowing capacity under

secured facilities sufficient to fund all

unsecured maturities for over five years

—

Assumes no access to capital markets

Active management to maintain available

lines associated with pledgeable assets to

ensure contingency funding

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 $6.1 billion

Core deposits of $66.5 billion

Equity of $14.2 billion

All market borrowings by Fifth Third Bank (OH)

Fifth Third Bank

(Ohio)

Fifth Third debt ratings*

Date of most recent change in rating or outlook

A+

Aa3

LT Deposit

Negative

10/24/08

Fitch

Aa3

Senior

Fifth Third Bank (OH, MI)

R-1H

A-1

P-1

Short-term

3/18/08

12/19/08

9/18/08

Rating

Date

Current

Outlook

Fifth Third Bancorp

Negative

R-1M

A-2

P-1

Short-

term

AA (low)

DBRS

A-

S&P

Moody’s

Senior

Source: Bloomberg LLP as of 1/20/2009

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.

Fifth Third debt ratings

Lead Bank

Moody's

S&P

Fitch

DBRS

JPMorgan Chase (JPMorgan Chase Bank NA)

Aa1

AA-

AAL

Wells Fargo (Wells Fargo Bank NA)

Aa1

AA+

AAH

US Bank (US Bank NA North Dakota)

Aa1

AA+

AA-

Bank of America (Bank America America NA)

Aa2

AA-

A+

AAL

BB&T (BB&T Co/WI)

Aa2

AA-

Fifth Third Bancorp (Fifth Third Bank)

Aa3

SunTrust (SunTrust Bank)

Aa3

AA-

A+

AAL

PNC (PNC Bank NA)

Aa3

A+

AAL

Citi (Citibank NA)

Aa3

A+

M&I (M&I Bank)

Aa3

A+

Comerica (Comerica Bank)

A+

Regions (Regions Bank)

A+

AAL

Key (Key Bank NA)

M&T (Manufacturers & Traders Trust Co.)

A-

Capital One (Capital One Bank USA NA)

A-

Huntington (Huntington National Bank)

A-

Zions (Zions First National Bank, Utah)

A-

NR: not rated

Long-Term Issuer Rating

Source: Bloomberg LLP as of 1/20/2009

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.

Appendix

Nonperforming assets*

•

Total NPAs of $2.5B

•

Homebuilder/developer NPAs of $366 M;

represent 15% of total NPAs

•

Commercial NPAs of $1.5B; down 26 percent

from the third quarter

•

Consumer NPAs of $1.0B; recent growth

driven by residential real estate, particularly

in Michigan and Florida

13%

20%

14%

21%

40%

17%

20%

10%

15%

28%

20%

10%

11%

17%

34%

11%

25%

C&I^ (23%)

CRE (36%)

Residential (38%)

Other Consumer (3%)

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

Residential

$961M

38%

C&I*

$570M

23%

Other

$66M

CRE

$902M

36%

^C&I includes commercial lease

NORTH

CAROLINA

OTHER /

NATIONAL

*Loans

remaining

loan

portfolio

December

31,

2008

(data

excludes

loans

held-for-sale)

Commercial construction*

Accomodation

Auto Retailers

Finance &

insurance

Construction

39%

Manufacturing

Real estate

44%

Retail Trade

Other

Wholesale

Trade

Loans by geography

Credit trends

Loans by industry

Comments

•

Declining valuations in residential and land developments

•

In 4Q08 reduced concentrations in most stressed markets

(Florida and Michigan)

•

Continued stress expected through 2009

29%

Other

17%

16%

($ in millions)

4Q07

1Q08

2Q08

3Q08

4Q08

Balance

$5,561

$5,592

$6,007

$6,002

$5,114

90+ days delinquent

$67

$49

$53

$84

$73

90+ days ratio

1.21%

0.87%

0.88%

1.40%

1.44%

NPAs

$257

$418

$552

$659

$400

as % of loans

4.61%

7.48%

9.19%

10.98%

7.82%

Net charge-offs

$12

$72

$49

$88

$151

as % of loans

0.83%

5.20%

3.46%

5.71%

10.00%

Commercial construction

*Loans remaining in loan portfolio as of December 31, 2008 (data excludes loans held-for-sale)

Homebuilders/developers*

Loans by geography

Credit trends

Loans by industry

Comments

•

Making no new loans to builder/developer sector

•

Residential & land valuations under continued stress

•

5% of commercial loans; < 3% of total gross loans

•

Balance by product approximately 52% Construction,

35% Mortgage, 13% C&I

18%

22%

17%

Other

19%

C&I

13%

Commercial

construction

52%

Commercial

mortgage

35%

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

*Loans

remaining

loan

portfolio

December

31,

2008

(data

excludes

loans

held-for-sale)

($ in millions)

4Q07

1Q08

2Q08*

3Q08

4Q08

Balance

$2,868

$2,705

$3,295

$3,065

$2,481

90+ days delinquent

$57

$60

$123

$105

$74

90+ days ratio

1.99%

2.21%

3.73%

3.41%

2.98%

NPAs

$176

$309

$547

$702

$366

as % of loans

6.14%

11.42%

16.62%

22.89%

14.74%

Net charge-offs

$43

$34

$163

$128

as % of loans

1.11%

6.14%

4.63%

19.75%

19.71%

Homebuilders/developers

Residential mortgage

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

Weighted average origination FICO: 729

Origination FICO distribution: <659 9%; 660-689 8%; 690-719

12%;

720-749

13%;

750+

31%;

Other

27%

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

Origination LTV distribution: <70 26%; 70.1-80 41%; 80.1-90 12%;

90.1-95 5%; >95% 16%

Vintage distribution: 2008 15%; 2007 18%; 2006 16%; 2005 20%;

2004 and prior 25%

% through broker: 14%; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

29% FL concentration driving 69% total loss

FL lots ($385 mm) running at 20% annualized loss rate

(YTD)

Mortgage company originations targeting 95% salability

22%

Other

10%

29%

14%

^ Includes acquired loans where FICO at origination is not available

($ in millions)

4Q07

1Q08

2Q08

3Q08

4Q08

Balance

$10,540

$9,873

$9,866

$9,351

$9,385

90+ days delinquent

$186

$192

$229

$185

$198

90+ days ratio

1.76%

1.95%

2.32%

1.98%

2.11%

NPAs

$216

$333

$448

$593

$719

as % of loans

2.04%

3.37%

4.54%

6.34%

7.66%

Net charge-offs

$18

$34

$63

$77

$68

as % of loans

0.72%

1.33%

2.57%

3.16%

2.90%

Residential mortgage

Home equity

1 liens:

24%;

liens:

76%

(18%

liens

behind

FITB

Weighted average origination FICO: 755

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

749 17%; 750+ 47%; Other 10%

Weighted

average

CLTV:

77%

liens

62%;

liens

82%)

Origination

CLTV distribution: <70 36%; 70.1-80 20%; 80.1-90 19%; 90.1-95 9%; >95

16%

Vintage distribution: 2008 11%; 2007 13%; 2006 18%; 2005 16%; 2004 and

prior 42%

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

CLTV: 89% brokered; 74% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

Approximately 18% of portfolio concentration in broker product driving

approximately 49% total loss

Portfolio

experiencing

increased

loss

severity

(losses

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

22%

33%

11%

Other

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

($ in millions)

4Q07

1Q08

2Q08

3Q08

4Q08

Balance

$2,713

$2,651

$2,433

$2,368

$2,313

90+ days delinquent

$34

$33

$34

$31

$37

90+ days ratio

1.25%

1.26%

1.40%

1.33%

1.58%

Net charge-offs

$17

$23

$28

$30

$26

as % of loans

2.52%

3.29%

4.64%

5.05%

4.52%

Home equity -

brokered

20%

24%

10%

11%

Other

21%

($ in millions)

4Q07

1Q08

2Q08*

3Q08

4Q08

Balance

$9,161

$9,152

$9,988

$10,232

$10,439

90+ days delinquent

$38

$43

$42

$41

$58

90+ days ratio

0.41%

0.47%

0.42%

0.40%

0.55%

Net charge-offs

$15

$18

$27

$26

$27

as % of loans

0.66%

0.78%

1.07%

1.00%

1.04%

Home equity -

direct

Florida market*

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

Homebuilders, developers tied to

weakening real estate market

Increasing severity of loss due to

significant declines in valuations

Valuations; relatively small home

equity portfolio

23%

18%

10%

31%

11%

($ in millions)

Loans

(bn)

% of

FITB

NPAs

(mm)

% of

FITB

NCOs

(mm)

% of

FITB

Commercial loans

2.09

13%

Commercial mortgage

1.63

13%

102

20%

13%

Commercial construction

0.89

17%

12%

13%

Commercial lease

Commercial

4.61

225

15%

11%

Mortgage

2.74

29%

357

50%

69%

Home equity

0.99

11%

17%

Auto

0.49

12%

11%

Credit card

0.10

Other consumer

0.12

11%

13%

Consumer

4.44

13%

388

38%

32%

Total

9.05

11%

613

25%

133

16%

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

12%

17%

58%

27%

15%

35%

*Loans remaining in loan portfolio as of December 31, 2008 (data excludes loans held-for-sale)

Michigan market*

Deterioration in home price values coupled with weak economy impacting credit trends due to frequency of defaults and severity

Homebuilders, developers tied to

weak real estate market

Negative impact from housing

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

4.78

16%

18%

21%

Commercial mortgage

3.41

27%

122

24%

34%

Commercial construction

0.82

16%

33%

Commercial lease

0.22

18%

Commercial

9.23

18%

290

20%

163

26%

Mortgage

1.29

14%

13%

11%

Home equity

2.72

21%

27%

28%

Auto

1.12

13%

21%

14%

Credit card

0.32

18%

23%

16%

Other consumer

0.12

11%

14%

Consumer

5.57

17%

175

17%

Total

14.80

18%

465

19%

198

24%

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

40%

16%

25%

21%

25%

14%

21%

*Loans

remaining

loan

portfolio

December

31,

2008

(data

excludes

loans

held-for-sale)

32%

23%

18%

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

the

financial

condition,

results

operations,

plans,

objectives,

future

performance

and

business

Fifth

Third

Bancorp

including

statements

preceded

by,

followed

that

include

the

words

phrases

such

“believes,”

“expects,”

“anticipates,”

“plans,”

“trend,”

“objective,”

“continue,”

“remain”

similar

expressions

future

conditional

verbs

such

“will,”

“would,”

“should,”

“could,”

“might,”

“can,”

“may”

similar

expressions.

There

are

a number

important

factors

that

could

cause

future

results

differ

materially

from

historical

performance

and

these

forward-looking

statements.

Factors

that

might

cause

such

difference

include,

but

are

not

limited

to:

(1)

general

economic

conditions

and

weakening

the

economy,

specifically

the

real

estate

market,

either

national

the

states

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,

the

businesses

which

Fifth

Third,

engaged;

(12)

ability

maintain

favorable

ratings

from

rating

agencies;

(13)

fluctuation

Fifth

Third’s

stock

price;

(14)

ability

attract

and

retain

key

personnel;

(15)

ability

receive

dividends

from

its

subsidiaries;

(16)

potentially

dilutive

effect

future

acquisitions

current

shareholders'

ownership

Fifth

Third;

(17)

effects

accounting

financial

results

one

acquired

entities;

(18)

difficulties

combining

the

operations

acquired

entities;

(19)

lower

than

expected

gains

any

potential

sale

businesses, (20) loss of income from any potential sale of businesses that could have an adverse effect on Fifth Third’s earnings and future

growth

(21)

ability

secure

confidential

information

through

the

use

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

this

filing

are

available

cost

the

SEC's

Web

site

the

Fifth

Third’s

Web

site

Fifth

Third

undertakes

obligation

release

revisions

these

forward-looking

statements

reflect

events

circumstances after the date of this report.