Website presentation dated May 7, 2009

Supervisory Capital Assessment Program

Results and Information

May 7, 2009

•

The SCAP scenarios do not constitute a forecast or otherwise reflect Fifth Third’s outlook for 2009 or 2010 expected results.

–

This assessment was a "what-if" exercise intended to help supervisors gauge the extent of additional capital needs

across a range of potential economic outcomes.

–

Results reflect a requirement to change the composition of capital to build a buffer under an economic scenario that

is more adverse than expected.

•

Please refer to the cautionary statement on page 9, which contains important information regarding certain forward-looking

information and risk factors related to current and future results.

Exhibit 99.2

Summary –

Supervisory Capital Assessment Program (SCAP)

Fifth Third does not require additional overall capital; Fifth Third is committed to improve composition of capital

—

Fifth Third committed to strengthen Tier 1 common equity by a net amount of $1.1 billion

–

Pending processing joint venture reduced requirement by $1.6 billion

–

$1.2 billion in expected Tier 1 common equity benefit in 2Q09

–

$0.4 billion in absorption of assumed disallowed deferred tax assets related to future assumed losses

under the more adverse scenario through December 2010

–

$0.1 billion in pre-provision net revenue (PPNR) reduction under SCAP assessment, largely reflecting previously

disclosed effect of $92 million in one-time items reducing PPNR in 1Q09

–

Gross requirement of $2.6 billion before inclusion of above items

—

Tier 1 capital and total capital ratios expected to remain well above regulatory well-capitalized thresholds and above

Fifth Third target levels even under more adverse scenarios and without reflecting the benefit of further capital actions

–

Tier 1 common equity ratio currently expected to remain well above 4% under more likely conditions

Fifth Third does not expect to access additional government capital programs

—

Variety of private market options available to increase Tier 1 common equity

—

soon

practicable

and

subject

regulatory

approval,

Fifth

Third

expects

redeem

Capital

Purchase

Program

(CPP) preferred stock determined to be in excess of our Tier 1 target range of 8%-9%

Fifth Third has pro-actively addressed capital

—

In June 2008, Fifth Third established a capital plan based on the possibility that 2009 economic conditions and loan

losses could be worse than 2008 expectations. We have since acted to implement all three elements of the plan –

raising $1.1 billion of convertible preferred equity, reducing our common stock dividend, and agreeing to partner with

Advent International to create a processing joint venture

—

Fifth

Third’s

1Q09

credit

results

and

current

2Q09

expectations

both

reflect

significantly

better

Tier

common

equity

and loan loss experience than assumed under the more adverse scenario for 1H09

These scenarios do not constitute forecasts. Please refer to cautionary statement regarding forward looking statements on page 9.

SCAP objectives and methodology

Designed to evaluate the level and quality of capital to be maintained over specified economic scenarios through 2010

Capital standards applied consistently to all banks

—

Measured

against

existing

regulatory

capital

standards

well

new

standard,

“Tier

common

equity,”

determined

to be 4% of risk-weighted assets

—

Tier 1 common equity defined as Tier 1 capital, less preferred stock, qualifying trust preferred stock and other capital

elements less pertinent to Fifth Third; also excludes deferred tax assets that do not meet Tier 1 guidelines

SCAP methodology

—

Forward looking process to evaluate 2009, 2010 resources to absorb losses, loan losses and ending reserve for loan

losses using the following macroeconomic assumptions

—

Loan pool loss factors were compared with government guidance

—

Losses

absorbed

by:

pre-provision

net

revenue

(PPNR),

reserve

for

loan

and

lease

losses,

existing

Tier

common

equity and activities benefiting capital not reflected in 1Q09 results

Fifth

Third

believes

further

along

than

many

peers

loss

recognition,

given

early

loss

experience

our

geographies

and

aggressive actions including our fourth quarter 2008 credit actions, which we expect to be reflected in lower future potential

for loss

—

SCAP white paper: “While…approach likely captures the bulk of the losses that might be realized on these assets, it is

important to note that it does not include the substantial losses that have already been taken.”

—

Fifth

Third

believes

the

losses

and

supervisors

assumed

for

the

adverse

scenario

were

very

conservative

and

unlikely to occur

2009

2010

2009

2010

Unemployment

8.4%

8.8%

8.9%

10.3%

Real GDP growth

(2.0%)

2.1%

(3.3%)

0.5%

Housing prices

(14%)

(4%)

(22%)

(7%)

Baseline scenario

More adverse scenario

These scenarios do not constitute forecasts. Please refer to cautionary statement regarding forward looking statements on page 9.

SCAP disclosure table: Fifth Third

At December 31, 2008

$ Billions

As % of RWA

Tier 1 Capital

$11.9

10.6%

Tier 1 Common Equity

$4.9

4.4%

Risk-Weighted Assets

$112.6

Memo: UST Preferred Equity

$3.4

Estimated for 2009 and 2010 for the More Adverse Scenario

$ Billions

As % of loans

$ Billions

As annualized

% of loans

$ Billions

As annualized

% of loans

Total Estimated Losses (Before purchase accounting adjustments)

$9.1

$1.6

3.7%

$1.1

2.7%

First Lien Mortgages

$1.1

10.3%

$0.2

4.4%

Second/Junior Lien Mortgages

$1.1

8.7%

$0.2

2.8%

Commercial and Industrial Loans

$2.8

11.0%

$0.4

3.5%

Commercial Real Estate Loans

$2.9

13.9%

$0.5

4.8%

Credit Card Loans

$0.4

22.3%

$0.1

7.3%

Securities (AFS and HTM)

$0.05

Trading & Counterparty

Other

$0.9

$0.2

2.2%

Memo: Purchase Accounting Adjustments

Resources Other Than Capital to Absorb Losses

$5.5

SCAP Buffer Added for More Adverse Scenario

(SCAP Buffer is defined as additional Tier 1 common/contingent common)

Indicated SCAP buffer as of December 31, 2008

$2.6

Less: Capital Actions and Effects of Q1 2009 Results

$1.5

SCAP Buffer

$1.1

1H09 more adverse scenario

1H09 actual/forecast

Supplementary information regarding Fifth Third's submission

Supervisory Capital Assessment Program

Estimates for Fifth Third Bancorp for the More Adverse Economic Scenario

Fifth Third Bancorp

More Adverse Scenario

The estimates below represent a hypothetical "what-if" scenario that involves an economic outcome that is more

adverse than expected. These estimates are not forecasts of expected losses or revenues.

•

Includes assumed ending 2010 allowance of 3% of loans

•

Benefit from processing joint venture: $1.6 billion

–

Tier 1 common equity benefit from closing of transaction: $1.2

billion

–

Absorption of assumed disallowed deferred tax assets under more

adverse scenario: $0.4 billion

•

Negative effect of previously disclosed one-time items reducing PPNR:

($0.1 billion)

(1)

Includes other consumer and non-consumer loans and miscellaneous commitments and obligations

(2)

Resources

absorb

losses

include

pre-provision

net

revenue

less

the

change

the

allowance

for

loans

and

lease

losses

(3)

Capital Actions include completed or contracted transactions since Q4:2008

Note: Numbers may not sum due to rounding

•

Fifth Third’s forecast losses through

1H09 –

one-quarter of the

assessment period –represent only

12% of losses assumed under

SCAP more adverse scenario for

two-year period

•

Fifth Third does not expect loan

loss rates to approach levels

indicated under the SCAP more

adverse scenario

(a) Represents Fifth Third’s assumed losses for 1H09 under SCAP economic assumptions provided

for more adverse

scenario.

Supervisory

estimates

adverse

scenario

losses

were

not

allocated

by period.

These scenarios do not constitute forecasts. Please refer to cautionary statement regarding forward looking statements on page 9.

(a)

Capital planning assumptions

$1.1 billion of incremental Tier 1 common equity, required to bring Tier 1 common equity ratio to 4% under

more adverse scenario

—

Regulatory

capital

levels

would

remain

well

above

“well-capitalized”

levels

Institutions have six months to achieve capital commitment through private market transactions or through

contingent common equity provided by the U.S. Treasury

—

Capital requirement of $1.1 billion expected to be met by private market alternatives available to Fifth

Third

Mandatory convertible preferred security is available to bank holding companies as a backstop to private

alternatives

—

If necessary, institutions have until November 9, 2009 to utilize this program to provide backstop to

private capital activities

—

Instrument provided to eligible banking organizations would be in the form of preferred stock that is

convertible into common equity

—

Fifth Third does not currently expect to issue this instrument and, if issued, would not expect it to

convert during two-year par purchase period under the expectation that the more adverse scenario is

not likely

These scenarios do not constitute forecasts. Please refer to cautionary statement regarding forward looking statements on page 9.

Tier 1 common equity private market alternatives

A number of viable private market alternatives are available that, if pursued and successful, would provide

sources for increasing Tier 1 common equity

—

Currently

expect

results

significantly

better

than

assumed

under

the

adverse

scenario,

which

we expect to further support ability to address capital improvement opportunities in the future, including

future repayment of CPP preferred stock

—

Actions will be evaluated in the context of Fifth Third’s expected financial results, effect on financial

results, internal capital targets, and regulatory capital standards

Potential available options include:

—

Sale of certain non-strategic assets

–

Unrecognized gains in shares held in publicly traded companies

–

Sale of available-for-sale securities with current unrealized gains

—

Transactions involving issuance of cash, common stock or other securities in exchange for outstanding

securities of Fifth Third

–

E.g., Series G convertible preferred shares, trust preferred shares, subordinated debt

–

Pursuing

such

transactions

will

based

upon

market

conditions,

the

price

the

securities

issued or redeemed, the amount of such securities that may be redeemed for a mutually

acceptable price, and other factors including the cost and dilution of such actions and potential

regulatory approval requirements

Potential dilution expected to be moderate

—

To the extent common stock is utilized, current expectations would be for such activities to result in an

incremental

potential

increase

Fifth

Third’s

common

count

50-100

million

shares*

(not

including

the

effect

any

conversion

maximum

million

price

$11.575

that already underlie Series G convertible preferred stock)

* Based on May 6, 2009 closing price of $5.28

These scenarios do not constitute forecasts. Please refer to cautionary statement regarding forward looking statements on page 9.

Capital targets

Expect to exceed 4% minimum Tier 1 common ratio for as long as the standard may apply

—

Expect

Tier

common

remain

above

throughout

2009,

without

including

the

effect

our

capital

actions

Establishing tangible common equity to risk-weighted assets (TCE/RWA) target of 5-6%

—

Excludes unrealized securities gains and losses; includes GAAP deferred tax assets

—

Expect TCE/RWA to remain above 5% throughout 2009, without including the effect of our capital actions

Withdrawing target for tangible equity to tangible assets ratio given its reduced relevance with respect to evolving

market expectations and regulatory standards

Fifth Third capital targets, current capital levels and assumed capital levels under the SCAP more adverse

scenario:

* JV: pro forma for processing joint venture expected to close in 2Q09

** Before effect of capital actions in next six months

These scenarios do not constitute forecasts. Please refer to cautionary statement regarding forward looking statements on page 9.

"Well-capitalized"

minimum

Target

3/31/09 (JV*)

SCAP more adverse

scenario 2010**

Effect of capital

actions in next

six months

Tier 1 common equity ratio

>4%

4.5% (5.5%)

3.1%

~+1%

TCE/RWA

5% -

4.5% (5.5%)

3.2%

~+1%

Tier 1 capital

8% -

10.9% (11.9%)

9.4%

minimal change

Total capital

10%

11.5% -

12.5%

15.1% (16.0%)

13.6%

minimal change

Reg

G reconciliation

This ratio has been included to facilitate a greater understanding of Fifth Third's capital structure and

financial condition.

3/31/2009

Total shareholders' equity (GAAP)

$12,102

Less: Preferred stock (GAAP)

$4,252

Less: Goodwill (GAAP)

$2,623

Less: Intangible Assets (GAAP)

$154

Less: Accumulated other comprehensive income (GAAP)

$151

Tangible Common Equity excluding unrealized gains/losses

$4,922

Risk-Weighted Assets

$109,087

Tangible Common Equity (excluding unrealized gains/losses) / Risk-Weighted Assets

4.51%

These scenarios do not constitute forecasts. Please refer to cautionary statement regarding forward looking statements on page 9.

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,” “scenario,”

“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) maintaining capital requirements may limit Fifth Third’s operations and

potential growth; (8) changes and trends in capital markets; (9) problems encountered by larger or similar financial institutions may adversely

affect the banking industry and/or Fifth Third (10) competitive pressures among depository institutions increase significantly; (11) effects of

critical accounting policies and judgments; (12) changes in 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 or the businesses in which it is 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 combining the operations of acquired entities; (21) lower than expected gains related to any potential sale

of businesses; (22) the failure to consummate the sale of a majority interest in Fifth Third’s merchant acquiring and financial institutions

processing business (the “Processing Business”) or difficulties in separating the Processing Businesses from Fifth Third; (23) loss of income

from any potential sale of businesses that could have an adverse effect on Fifth Third’s earnings and future growth; (24) ability to secure

confidential information through the use of computer systems and telecommunications networks; and (25) 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, 2008, filed with the United States Securities and Exchange

Commission (SEC) and in certain quarterly and current reports on Form 10-Q and Form 8-K subsequently filed with the 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.