First Quarter 2009 Trends

1Q09 Credit Trends

April 23, 2009

Please refer to earnings release dated April 23, 2009

for full results including those reported on a GAAP basis

Exhibit 99.3

Credit by portfolio*

C&I

21%

Home equity

15%

Card

Commercial

construction

16%

Commercial

mortgage

16%

Residential

mortgage

15%

Auto

Other

consumer

21%

Other /

National

10%

17%

30%

Net charge-offs by loan type

Net charge-offs by geography

* NPAs exclude loans held-for-sale.

($ 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

$28,617

$12,560

$4,745

$3,521

$49,443

$8,875

$12,710

$8,688

$1,816

$1,037

$33,126

$82,569

% of total

35%

15%

60%

11%

15%

11%

40%

NPAs

$675

$718

$597

$28

$2,018

$475

$83

$26

$45

$630

$2,648

NPA ratio

2.36%

5.72%

12.59%

0.77%

4.07%

5.35%

0.65%

0.30%

2.51%

0.12%

1.89%

3.19%

Net charge-offs

$103

$77

$76

$256

$75

$72

$46

$36

$234

$490

Net charge-off ratio

1.45%

2.50%

6.21%

0.00%

2.08%

3.27%

2.28%

2.17%

7.92%

1.63%

2.82%

2.37%

Portfolio performance drivers

Performance Largely Driven By

No Participation In

Subprime

Option ARMs

Discontinued or Suspended Lending

Discontinued in 2007:

Brokered home equity ($2.2B)

Suspended in 2008:

Homebuilder/residential development ($2.3B)

Other non-owner occupied commercial RE

excluding homebuilder/developer ($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

1Q09 C/O ratio:

Total loan portfolio 4.4%

Commercial portfolio 4.0%

Consumer portfolio 4.9%

Remaining Midwest, Southeast performance

reflects economic trends

1Q09 C/O ratio:

Total loan portfolio 1.6% ex-FL/MI

Commercial portfolio 1.4% ex-FL/MI

Consumer portfolio 2.0% ex-FL/MI

Products:

Homebuilder/developer charge-offs $64 million in

1Q09

Total charge-off ratio 2.4% (2.1% ex-HBs)

Commercial

charge-off

ratio

2.1%

(1.6%

ex-

HBs)

Brokered home equity charge-offs 5.5% in 1Q09

Direct home equity portfolio 1.6%

Non-performing assets and net charge-offs:

Product view*

200

400

600

800

1,000

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

C&I/Lease

Auto

Credit Card

Other

CRE

Res RE

500

1,000

1,500

2,000

2,500

3,000

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

C&I/Lease

Auto/Other

CRE

Res RE

Total NPAs

Total NCOs

* NPAs exclude loans held-for-sale. Net charge-offs exclude losses on loans sold or transferred to held-for-sale in 4Q08.

During 1Q09 the Bancorp modified its nonaccrual policy to exclude TDR loans less than 90 days past due because they were performing in accordance with restructured

terms. For comparability purposes, prior periods were adjusted to reflect this reclassification.

500

1,000

1,500

2,000

2,500

3,000

Q1 2008

Q2 2008

3Q 2008

4Q 2008

1Q 2009

Other SE

National

Other MW

Michigan

Florida

200

400

600

800

1,000

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

Other SE

National

Other MW

Michigan

Florida

Non-performing assets and net charge-offs:

Geographic view*

Total NPAs

Total NCOs

* NPAs exclude loans held-for-sale. Net charge-offs exclude losses on loans sold or transferred to held-for-sale in 4Q08.

During 1Q09 the Bancorp modified its nonaccrual policy to exclude TDR loans less than 90 days past due because they were performing in accordance with restructured

terms. For comparability purposes, prior periods were adjusted to reflect this reclassification.

Commercial loans held-for-sale summary

12/31/2008

HFS balance

Principal

reduction

Gain/loss

03/31/2009

HFS balance

Closed HFS

Loans sold

$47.6

($59.3)

$12.6

Satisfied obligations

6.9

(7.7)

0.8

Transferred to OREO

5.0

(3.4)

(0.2)

Total

$59.5

($70.4)

$13.2

Remaining HFS

No activity

$222.0

$0.0

Customer payments

130.9

(9.7)

(0.3)

Other

60.3

(0.1)

(2.6)

Total

$413.2

($9.8)

($2.9)

Total HFS Portfolio

$472.7

($80.2)

$10.3

$402.8

Nonperforming assets*

•

Total NPAs of $2.6B

•

Homebuilder/developer NPAs of $554M;

represent 21% of total NPAs

•

Commercial NPAs of $2.0B; growth driven by

CRE, particularly in MI and FL

•

Consumer NPAs of $630M; up 18 percent

from previous quarter

19%

15%

11%

14%

17%

13%

17%

54%

20%

34%

13%

10%

17%

25%

21%

C&I^ (26%)

CRE (50%)

Residential (21%)

Other Consumer (3%)

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

Residential

$558M

21%

C&I*

$702M

26%

Other

$73M

CRE

$1.3B

50%

^ C&I includes commercial lease

NORTH

CAROLINA

OTHER /

NATIONAL

* NPAs exclude loans held-for-sale.

Commercial construction*

Accomodation

Auto Retailers

Finance &

insurance

Construction

39%

Manufacturing

Real estate

45%

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

28%

Other

18%

16%

* NPAs exclude loans held-for-sale. Net charge-offs exclude losses on

loans sold or transferred to held-for-sale in 4Q08.

($ in millions)

1Q08

2Q08

3Q08

4Q08

1Q09

Balance

$5,592

$6,007

$6,002

$5,114

$4,745

90+ days delinquent

$49

$53

$84

$73

$49

as % of loans

0.87%

0.88%

1.40%

1.44%

1.02%

NPAs

$418

$552

$659

$400

$597

as % of loans

7.48%

9.19%

10.98%

7.82%

12.59%

Net charge-offs

$72

$49

$88

$151

$76

as % of loans

5.20%

3.46%

5.71%

10.00%

6.21%

Commercial construction

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 48% Construction,

37% Mortgage, 15% C&I

19%

23%

16%

Other

19%

C&I

15%

Commercial

construction

48%

Commercial

mortgage

37%

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

($ in millions)

1Q08

2Q08*

3Q08

4Q08

1Q09

Balance

$2,705

$3,295

$3,065

$2,481

$2,322

90+ days delinquent

$60

$123

$105

$74

$37

as % of loans

2.21%

3.73%

3.41%

2.98%

1.59%

NPAs

$309

$547

$702

$366

$554

as % of loans

11.42%

16.62%

22.89%

14.74%

23.87%

Net charge-offs

$43

$34

$163

$128

$64

as % of loans

6.14%

4.63%

19.75%

19.71%

10.73%

Homebuilders/developers

* NPAs exclude loans held-for-sale. Net charge-offs exclude losses on

loans sold or transferred to held-for-sale in 4Q08.

Residential mortgage

liens: 100% ; weighted average LTV: 77%

Weighted average origination FICO: 730

Origination FICO distribution: <659 10%; 660-689 8%; 690-719

12%;

720-749

13%;

750+

30%;

Other

27%

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

Origination LTV distribution: <70 25%; 70.1-80 42%; 80.1-90 12%;

90.1-95 5%; >95% 16%

Vintage distribution: 2009 1%; 2008 14%; 2007 18%; 2006 16%;

2005 26%; 2004 and prior 25%

% through broker: 13%; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

29% FL concentration driving 67% total loss

FL lots ($362M) running at 20% annualized loss rate (YTD)

Mortgage company originations targeting 95% salability

23%

Other

10%

29%

14%

Includes

acquired

loans

where

FICO

origination

not

available

During 1Q09 the Bancorp modified its nonaccrual policy to exclude TDR loans less than 90 days past due because they were performing in accordance with restructured

terms. For comparability purposes, prior periods were adjusted to reflect this reclassification.

($ in millions)

1Q08

2Q08

3Q08

4Q08

1Q09

Balance

$9,873

$9,866

$9,351

$9,385

$8,875

90+ days delinquent

$192

$229

$185

$198

$231

as % of loans

1.95%

2.32%

1.98%

2.11%

2.60%

NPAs

$278

$285

$339

$397

$475

as % of loans

2.81%

2.89%

3.62%

4.23%

5.35%

Net charge-offs

$34

$63

$77

$68

$75

as % of loans

1.33%

2.57%

3.16%

2.90%

3.27%

Residential mortgage

Home equity

liens: 25%; 2

liens: 75%

(25% of 2

liens behind FITB 1

Weighted average origination FICO: 756

Origination FICO distribution: <659 4%; 660-689 8%; 690-719 13%; 720-749

17%; 750+ 48%; Other 10%

Weighted average CLTV: 76%

liens 61%; 2

liens 82%)

Origination

CLTV distribution: <70 36%; 70.1-80 21%; 80.1-90 19%; 90.1-95 8%; >95 16%

Vintage distribution: 2009 1%; 2008 12%; 2007 12%; 2006 17%; 2005 16%;

2004 and prior 42%

% through broker channels: 18% WA FICO: 740 brokered, 759 direct; WA

CLTV: 90% brokered; 73% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

Approximately 18% of portfolio concentration in broker product driving

approximately 42% 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

21%

33%

11%

Other

21%

24%

10%

11%

Other

20%

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

($ in millions)

1Q08

2Q08*

3Q08

4Q08

1Q09

Balance

$9,152

$9,988

$10,232

$10,439

$10,486

90+ days delinquent

$43

$42

$41

$58

$61

as % of loans

0.47%

0.42%

0.40%

0.55%

0.59%

Net charge-offs

$18

$27

$26

$27

$42

as % of loans

0.78%

1.07%

1.00%

1.04%

1.62%

Home equity - direct

($ in millions)

1Q08

2Q08

3Q08

4Q08

1Q09

Balance

$2,651

$2,433

$2,368

$2,313

$2,225

90+ days delinquent

$33

$34

$31

$37

$42

as % of loans

1.26%

1.40%

1.33%

1.58%

1.91%

Net charge-offs

$23

$28

$30

$26

$30

as % of loans

3.29%

4.64%

5.05%

4.52%

5.46%

Home equity - brokered

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%

19%

10%

29%

12%

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

22%

26%

42%

16%

20%

14%

34%

($ in millions)

Loans

(bn)

% of

FITB

NPAs

(mm)

% of

FITB

NCOs

(mm)

% of

FITB

Commercial loans

1.9

23%

Commercial mortgage

1.7

13%

157

22%

39%

Commercial construction

0.9

18%

188

31%

28%

Commercial lease

0.0

Commercial

4.5

409

20%

29%

Mortgage

2.6

30%

295

62%

67%

Home equity

1.0

11%

18%

Auto

0.5

10%

14%

Credit card

0.1

10%

Other consumer

0.0

18%

Consumer

4.2

13%

309

49%

32%

Total

8.7

11%

718

27%

148

30%

* NPAs exclude 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

32%

23%

19%

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

26%

21%

11%

20%

27%

35%

16%

12%

($ in millions)

Loans

(bn)

% of

FITB

NPAs

(mm)

% of

FITB

NCOs

(mm)

% of

FITB

Commercial loans

4.6

16%

114

17%

25%

Commercial mortgage

3.3

26%

152

21%

27%

Commercial construction

0.7

15%

11%

15%

Commercial lease

0.2

10%

Commercial

8.8

18%

338

17%

23%

Mortgage

1.2

14%

10%

12%

Home equity

2.7

21%

27%

28%

Auto

1.0

12%

14%

13%

Credit card

0.3

17%

23%

21%

Other consumer

0.1

Consumer

5.3

16%

14%

19%

Total

14.1

17%

424

16%

101

21%

* NPAs exclude loans held-for-sale.

Cautionary statement

This report may contain forward-looking statements about Fifth Third Bancorp and/or the LLC 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 and/or the combined LLC including statements preceded by, followed by or that include the words or phrases such as “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

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,

and/or

the

LLC

business,

are

less

favorable

than

expected;

(2)

deteriorating

credit

quality;

(3)

political

developments,

wars

other

hostilities

may

disrupt

increase

volatility

securities

markets

other

economic

conditions;

(4)

changes

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) maintaining

capital requirements may limit Fifth Third’s operations and potential growth; (8) changes and trends in capital markets; (9)

problems

encountered

larger

similar

financial

institutions

may

adversely

affect

the

banking

industry

and/or

Fifth

Third

(10)

competitive

pressures

among

depository

institutions

increase

significantly;

(11)

effects

critical

accounting

policies

and

judgments;

(12)

changes

accounting policies or procedures as may be required by the Financial Accounting Standards Board (FASB) or other regulatory agencies; (13)

legislative or regulatory changes or actions, or significant litigation, adversely affect Fifth Third, and/or the LLC or the businesses in which

these entities are engaged; (14) ability to maintain favorable ratings from rating agencies; (15) fluctuation of Fifth Third’s stock price; (16)

ability to attract and retain key personnel; (17) ability to receive dividends from its subsidiaries; (18) potentially dilutive effect of future

acquisitions on current shareholders' ownership of Fifth Third; (19) effects of accounting or financial results of one or more acquired entities;

(20) difficulties in separating the operations of the LLC; (21) lower than expected gains related to the sale of businesses; (22) loss

income

from

the

sale

businesses

that

could

have

adverse

effect

Fifth

Third’s

earnings

and

future

growth;

(23)

failure

consummate

the

joint

venture

transaction;

(24)

ability

secure

confidential

information

through

the

use

computer

systems

and

telecommunications

networks;

and

(25)

the

impact

reputational

risk

created

these

developments

such

matters

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,

2008,

filed

with

the

United

States

Securities

and

Exchange

Commission

(SEC).

Copies

this

filing

are

available

cost

the

SEC's

Web

site

www.sec.gov

the

Fifth

Third’s

Web

site

www.53.com.

Fifth

Third

undertakes

obligation

to release

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