Second Quarter 2009 Credit Trends

2Q09 Credit Trends

July 23, 2009

Please refer to earnings release dated July 23, 2009

for full results including those reported on a GAAP basis

Exhibit 99.3

Credit by portfolio*

C&I

27%

Home equity

14%

Card

Commercial

construction

13%

Commercial

mortgage

14%

Residential

mortgage

18%

Auto

Other

consumer

Net charge-offs by loan type

Net charge-offs by geography

* NPAs exclude loans held-for-sale.

19%

26%

16%

12%

Other / National

15%

($ 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

$28,409

$12,407

$4,491

$3,532

$48,839

$8,489

$12,511

$8,741

$1,914

$935

$32,590

$81,429

% of total

35%

15%

60%

10%

16%

11%

40%

NPAs

$634

$791

$735

$51

$2,211

$475

$73

$20

$59

$628

$2,839

NPA ratio

2.23%

6.37%

16.36%

1.45%

4.52%

5.59%

0.58%

0.23%

3.08%

0.09%

1.92%

3.48%

Net charge-offs

$177

$85

$79

$342

$112

$88

$36

$45

$284

$626

Net charge-off ratio

2.53%

2.73%

6.76%

0.02%

2.81%

5.17%

2.81%

1.65%

9.64%

1.95%

3.48%

3.08%

Portfolio performance drivers

Performance Largely Driven By

No Participation In

Discontinued or Suspended Lending

* 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 and Michigan most stressed

•

Remaining Midwest and Southeast performance

reflect economic trends

Products

•

Homebuilder/developer charge-offs $76 million in

2Q09

–

Total charge-off ratio 3.1% (2.8% ex-HBs)

–

Commercial charge-off ratio 2.8% (2.3% ex-

HBs)

•

Brokered home equity charge-offs 7.4% in 2Q09

–

Direct home equity portfolio 1.9%

2Q09 NCO Ratios

Coml

Cons

Total

FL/MI

4.1%

6.3%

5.0%

Other

2.3%

2.4%

2.3%

•

Subprime

•

Option ARMs

Discontinued in 2007

•

Brokered home equity ($2.1B)

Suspended in 2008

•

Homebuilder/residential development ($2.1B)

•

Other non-owner occupied commercial RE

excluding homebuilder/developer ($8.4B)

Saleability

•

All mortgages originated for intended sale*

Non-performing assets and net charge-offs:

Product view*

* 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.

Total NPAs

Total NCOs

200

400

600

800

1,000

2Q08

3Q08

4Q08

1Q09

2Q09

C&I/Lease

Auto/Other

CRE

Res RE

500

1,000

1,500

2,000

2,500

3,000

2Q08

3Q08

4Q08

1Q09

2Q09

C&I/Lease

Auto/Other

CRE

Res RE

500

1,000

1,500

2,000

2,500

3,000

2Q08

3Q08

4Q08

1Q09

2Q09

Other SE

National

Other MW

Michigan

Florida

200

400

600

800

1,000

2Q08

3Q08

4Q08

1Q09

2Q09

Other SE

National

Other MW

Michigan

Florida

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.

Non-performing assets and net charge-offs:

Geographic view*

Commercial loans held-for-sale summary

Closed HFS

3/31/2009

HFS balance

Customer

payments

adjustments

Gain/loss

Sold

$22

($26)

Settled or Closed

(16)

Transferred to OREO

(11)

(2)

Total

$40

($52)

$11

Remaining HFS

3/31/2009

HFS balance

Customer

payments

adjustments

6/30/2009

HFS balance

Total

$362

($3)

($7)

$352

Nonperforming assets*

•

Total NPAs of $2.8B

•

Homebuilder/developer NPAs of $613M;

represent 22% of total NPAs

•

Commercial NPAs of $2.2B; growth driven by

CRE, particularly in MI and FL

•

Consumer NPAs of $628M; flat compared to

previous quarter

21%

16%

11%

15%

11%

12%

17%

51%

20%

38%

11%

17%

26%

20%

C&I^ (24%)

CRE (54%)

Residential (19%)

Other Consumer (3%)

Residential

$548M

19%

C&I*

$685M

24%

Other

$80M

CRE

$1.5B

54%

^ C&I includes commercial lease

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

NORTH

CAROLINA

OTHER /

NATIONAL

* NPAs exclude loans held-for-sale.

Commercial construction*

Accomodation

Auto Retailers

Finance &

insurance

Construction

36%

Manufacturing

Real estate

46%

Retail Trade

Other

10%

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

19%

15%

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

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

($ in millions)

2Q08

3Q08

4Q08

1Q09

2Q09

Balance

$6,007

$6,002

$5,114

$4,745

$4,491

90+ days delinquent

$53

$84

$73

$49

$60

as % of loans

0.88%

1.40%

1.44%

1.02%

1.34%

NPAs

$552

$659

$400

$597

$735

as % of loans

9.19%

10.98%

7.82%

12.59%

16.36%

Net charge-offs

$49

$88

$151

$76

$79

as % of loans

3.46%

5.71%

10.00%

6.21%

6.76%

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

•

4% of commercial loans; < 3% of total gross loans

•

Balance by product approximately 48% Construction,

38% Mortgage, 14% C&I

18%

24%

16%

Other

19%

C&I

14%

Commercial

construction

48%

Commercial

mortgage

38%

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

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

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

($ in millions)

2Q08*

3Q08

4Q08

1Q09

2Q09

Balance

$3,295

$3,065

$2,481

$2,322

$2,102

90+ days delinquent

$123

$105

$74

$37

$53

as % of loans

3.73%

3.41%

2.98%

1.59%

2.51%

NPAs

$547

$702

$366

$554

$613

as % of loans

16.62%

22.89%

14.74%

23.87%

29.14%

Net charge-offs

$34

$163

$128

$64

$76

as % of loans

4.63%

19.75%

19.71%

10.73%

14.06%

Homebuilders/developers

Residential mortgage

liens: 100% ; weighted average LTV: 77%

Weighted average origination FICO: 727

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 26%; 70.1-80 41%; 80.1-90 11%;

90.1-95 5%; >95% 17%

Vintage distribution: 2009 2%; 2008 14%; 2007 17%; 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 65% total loss

FL lots ($327M) running at 28% annualized loss rate (YTD)

Mortgage company originations targeting 95% salability

23%

Other

10%

29%

14%

^ Includes acquired loans where FICO at origination is 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)

2Q08

3Q08

4Q08

1Q09

2Q09

Balance

$9,866

$9,351

$9,385

$8,875

$8,489

90+ days delinquent

$229

$185

$198

$231

$242

as % of loans

2.32%

1.98%

2.11%

2.60%

2.85%

NPAs

$285

$339

$397

$475

as % of loans

2.89%

3.62%

4.23%

5.35%

5.59%

Net charge-offs

$63

$77

$68

$75

$112

as % of loans

2.57%

3.16%

2.90%

3.27%

5.17%

Residential mortgage

Home equity

liens: 25%; 2

liens: 75%

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%;

liens

82%)

Origination

CLTV distribution: <70 37%; 70.1-80 21%; 80.1-90 18%; 90.1-95 8%; >95 16%

Vintage distribution: 2009 3%; 2008 12%; 2007 12%; 2006 17%; 2005 16%;

2004 and prior 40%

% through broker channels: 17% WA FICO: 740 brokered, 760 direct; WA

CLTV: 90% brokered; 73% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

Approximately 17% of portfolio concentration in broker product driving

approximately 44% 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

21%

32%

12%

Other

21%

25%

10%

11%

Other

20%

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

($ in millions)

2Q08

3Q08

4Q08

1Q09

2Q09

Balance

$2,433

$2,368

$2,313

$2,225

$2,125

90+ days delinquent

$34

$31

$37

$42

$34

as % of loans

1.40%

1.33%

1.58%

1.91%

1.58%

Net charge-offs

$28

$30

$26

$30

$39

as % of loans

4.64%

5.05%

4.52%

5.46%

7.41%

Home equity - brokered

($ in millions)

2Q08*

3Q08

4Q08

1Q09

2Q09

Balance

$9,988

$10,232

$10,439

$10,486

$10,386

90+ days delinquent

$42

$41

$58

$61

$63

as % of loans

0.42%

0.40%

0.55%

0.59%

0.61%

Net charge-offs

$27

$26

$27

$42

$49

as % of loans

1.07%

1.00%

1.04%

1.62%

1.91%

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

21%

20%

10%

30%

12%

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

36%

26%

27%

10%

14%

17%

45%

10%

* NPAs exclude loans held-for-sale.

($ in millions)

Loans

(bn)

% of

FITB

NPAs

(mm)

% of

FITB

NCOs

(mm)

% of

FITB

Commercial loans

1.8

12%

13%

Commercial mortgage

1.7

13%

195

25%

15%

Commercial construction

0.8

19%

204

28%

35%

Commercial lease

0.0

Commercial

4.3

473

21%

19%

Mortgage

2.5

29%

267

56%

65%

Home equity

1.0

12%

18%

Auto

0.5

15%

Credit card

0.1

10%

Other consumer

0.0

21%

Consumer

4.1

13%

280

45%

34%

Total

8.4

10%

753

27%

163

26%

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

33%

23%

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

25%

21%

10%

20%

13%

22%

38%

20%

11%

* NPAs exclude loans held-for-sale.

($ in millions)

Loans

(bn)

% of

FITB

NPAs

(mm)

% of

FITB

NCOs

(mm)

% of

FITB

Commercial loans

4.7

16%

15%

17%

Commercial mortgage

3.2

26%

168

21%

30%

Commercial construction

0.7

15%

12%

19%

Commercial lease

0.2

Commercial

8.8

18%

357

16%

21%

Mortgage

1.2

14%

10%

Home equity

2.6

21%

26%

27%

Auto

1.0

11%

14%

13%

Credit card

0.3

17%

23%

19%

Other consumer

0.1

10%

Consumer

5.2

16%

13%

17%

Total

14.0

17%

438

15%

120

19%

Cautionary statement

This report may contain statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of

1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6

promulgated thereunder. These statements relate to our financial condition, results of operations, plans, objectives, future performance or

business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is

anticipated,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,”

“objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or

similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to

the risk factors set forth in our most recent Annual Report on Form 10-K and our most recent quarterly report on Form 10-Q. When considering

these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements we may make.

Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to

us.

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 nationally or in the states in which Fifth Third, one or more acquired entities and/or the

combined company do 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, one or more acquired entities and/or the combined company or the businesses in which Fifth Third, one or more acquired entities

and/or the combined company 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)

lower than expected gains related to any sale or potential sale of businesses; (21) difficulties in separating Fifth Third Processing Solutions from

Fifth Third; (22) loss of income from any sale or potential sale of businesses that could have an adverse effect on Fifth Third’s earnings and future

growth; (23) ability to secure confidential information through the use of computer systems and telecommunications networks; and (24) the impact

of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity.

You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” for further information on other

factors which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements.