Third Quarter 2009 Credit Trends

3Q09 Credit Trends

October 22, 2009

Please refer to earnings release dated October 22, 2009

for full results including those reported on a U.S. GAAP basis

Exhibit 99.3

Total net charge-offs YTD 2009 were

$1.9B, much lower than the assumption

under the SCAP adverse scenario

Loan losses are not expected to approach

the losses assumed under the SCAP

adverse scenario

Through four of eight quarters, we

currently expect to have incurred

approximately 28% of total assumed

losses under the adverse scenario

$1.9

2009 YTD

FITB

SCAP Adverse Scenario

Net charge-offs ($B)

$9.1

Net loan losses vs. SCAP adverse scenario

2009 FY

Credit by portfolio*

C&I

33%

Home equity

11%

Card

Commercial

construction

17%

Commercial

mortgage

16%

Residential

mortgage

12%

Auto

Other

consumer

Net charge-offs by loan type

Net charge-offs by geography

* NPAs exclude loans held-for-sale.

20%

25%

16%

10%

Other / National

17%

($ 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

$26,175

$12,105

$4,147

$3,584

$46,011

$8,229

$12,377

$8,972

$1,973

$857

$32,408

$78,419

% of total

33%

15%

59%

10%

16%

11%

41%

NPAs

$790

$968

$751

$51

$2,560

$484

$72

$23

$80

$660

$3,220

NPA ratio

3.02%

8.00%

18.11%

1.43%

5.56%

5.89%

0.58%

0.25%

4.07%

0.10%

2.04%

4.09%

Net charge-offs

$256

$118

$126

$500

$92

$80

$34

$45

$256

$756

Net charge-off ratio

3.70%

3.82%

11.56%

-0.04%

4.17%

4.38%

2.54%

1.52%

9.08%

2.62%

3.13%

3.75%

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 $108 million in

3Q09

–

Total charge-off ratio 3.7% (3.3% ex-HBs)

–

Commercial charge-off ratio 4.2% (3.4% ex-

HBs)

•

Brokered home equity charge-offs 6.0% in 3Q09

–

Direct home equity portfolio 1.9%

3Q09 NCO Ratios

Coml

Cons

Total

FL/MI

6.6%

5.6%

6.1%

Other

3.3%

2.2%

2.9%

•

Subprime

•

Option ARMs

Discontinued in 2007

•

Brokered home equity ($2.0B)

Suspended in 2008

•

Homebuilder/residential development ($1.8B)

•

Other non-owner occupied commercial RE

excluding homebuilder/developer ($8.2B)

Saleability

•

All mortgages originated for intended sale*

Total

4.2%

3.1%

3.7%

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

3Q08

4Q08

1Q09

2Q09

3Q09

C&I/Lease

Auto/Other

CRE

Res RE

500

1,000

1,500

2,000

2,500

3,000

3,500

3Q08

4Q08

1Q09

2Q09

3Q09

C&I/Lease

Auto/Other

CRE

Res RE

500

1,000

1,500

2,000

2,500

3,000

3,500

3Q08

4Q08

1Q09

2Q09

3Q09

Other SE

National

Other MW

Michigan

Florida

200

400

600

800

1,000

3Q08

4Q08

1Q09

2Q09

3Q09

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*

Nonperforming assets*

•

Total NPAs of $3.2B

•

Homebuilder/developer NPAs of $600M;

represent 19% of total NPAs

•

Commercial NPAs of $2.6B; growth driven by

CRE, particularly in MI and FL

•

Consumer NPAs of $660M; up 5% from the

previous quarter

16%

12%

16%

12%

17%

48%

21%

10%

39%

17%

10%

31%

18%

C&I^ (26%)

CRE (54%)

Residential (17%)

Other Consumer (3%)

Residential

$556M

17%

C&I*

$841M

26%

Other

$104M

CRE

$1.7B

54%

^ C&I includes commercial lease

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

NORTH

CAROLINA

OTHER /

NATIONAL

* NPAs exclude loans held-for-sale.

Commercial & industrial*

Loans by geography

Credit trends

Loans by industry

Comments

•

18%

3Q09

losses

loans

auto

dealers

and

companies

real estate related industries

–

Loans to auto dealers of $1.2B, of which $0.8B are C&I

loans; YTD NCO ratio on C&I portion: 6.8%

–

Loans to real estate related industries of $3.5B; YTD

NCO ratio of 3.8%

•

Low exposure to FL (7% of loans, 7% of losses in 3Q09)

•

Shared

National

Credit

losses

$60

million

3Q09

versus

$17

million in 2Q09

22%

Other

25%

13%

16%

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

transferred to held-for-sale in 4Q08.

Auto Retailers

Wholesale

Trade

Other

36%

Real Estate

Manufacturing

19%

Finance &

Insurance

15%

Auto

Manufacturing

Construction

Retail Trade

Accomodation

($ in millions)

3Q08

4Q08

1Q09

2Q09

3Q09

Balance

$29,424

$29,197

$28,617

$28,409

$26,175

90+ days delinquent

$108

$76

$131

$142

$256

as % of loans

0.37%

0.26%

0.46%

0.50%

0.98%

NPAs

$557

$548

$675

$634

$790

as % of loans

1.89%

1.88%

2.36%

2.23%

3.02%

Net charge-offs

$85

$151

$103

$177

$256

as % of loans

1.19%

5.03%

1.45%

2.53%

3.70%

C&I

Commercial mortgage*

Accomodation

Retail Trade

Construction

10%

Auto

Manufacturing

Finance &

Insurance

Manufacturing

Real Estate

52%

Other

21%

Wholesale

Trade

Auto Retailers

Loans by geography

Credit trends

Loans by industry

Comments

•

Owner occupied YTD NCO ratio of 1.6%, other non-owner

occupied YTD NCO ratio of 6.1%

•

In 4Q08 reduced concentrations in most stressed markets (FL

and MI)

•

Loans

from

FL/MI

represented

55%

total

losses

3Q09,

39%

of total loans

28%

10%

Other

13%

26%

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

transferred to held-for-sale in 4Q08.

($ in millions)

3Q08

4Q08

1Q09

2Q09

3Q09

Balance

$13,355

$12,502

$12,560

$12,407

$12,105

90+ days delinquent

$157

$136

$124

$131

$184

as % of loans

1.17%

1.09%

0.99%

1.06%

1.52%

NPAs

$749

$502

$718

$791

$968

as % of loans

5.61%

4.02%

5.72%

6.37%

8.00%

Net charge-offs

$94

$151

$77

$85

$118

as % of loans

2.82%

2.84%

2.50%

2.73%

3.82%

Commercial mortgage

Commercial construction*

Accomodation

Auto Retailers

Finance &

insurance

Construction

35%

Manufacturing

Real estate

46%

Retail Trade

Other

11%

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

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)

3Q08

4Q08

1Q09

2Q09

3Q09

Balance

$6,002

$5,114

$4,745

$4,491

$4,147

90+ days delinquent

$84

$73

$49

$60

$168

as % of loans

1.40%

1.44%

1.02%

1.34%

4.04%

NPAs

$659

$400

$597

$735

$751

as % of loans

10.98%

7.82%

12.59%

16.36%

18.11%

Net charge-offs

$88

$151

$76

$79

$126

as % of loans

5.71%

10.00%

6.21%

6.76%

11.56%

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; 2% of total loans

•

Balance by product approximately 46% Construction,

41% Mortgage, 13% C&I

19%

25%

16%

Other

18%

C&I

13%

Commercial

construction

46%

Commercial

mortgage

41%

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

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

($ in millions)

3Q08

4Q08

1Q09

2Q09

3Q09

Balance

$3,065

$2,481

$2,322

$2,102

$1,846

90+ days delinquent

$105

$74

$37

$53

$79

as % of loans

3.41%

2.98%

1.59%

2.51%

4.29%

NPAs

$702

$366

$554

$613

$600

as % of loans

22.89%

14.74%

23.87%

29.14%

32.51%

Net charge-offs

$163

$128

$64

$76

$108

as % of loans

19.75%

19.71%

10.73%

14.06%

21.92%

Homebuilders/developers

Residential mortgage

liens: 100% ; weighted average LTV: 78%

Weighted average origination FICO: 727

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

12%;

720-749

13%;

750+

30%;

Other

27%

(note: loans <660 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 3%; 2008 14%; 2007 17%; 2006 16%;

2005 26%; 2004 and prior 24%

% through broker: 13%; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

29% FL concentration driving 66% of total losses

FL lots ($299M) running at 32% annualized loss rate (YTD)

Mortgage company originations targeting 95% salability

23%

Other

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)

3Q08

4Q08

1Q09

2Q09

3Q09

Balance

$9,351

$9,385

$8,875

$8,489

$8,229

90+ days delinquent

$185

$198

$231

$242

$198

as % of loans

1.98%

2.11%

2.60%

2.85%

2.41%

NPAs

$339

$397

$475

$484

as % of loans

3.62%

4.23%

5.35%

5.59%

5.89%

Net charge-offs

$77

$68

$75

$112

$92

as % of loans

3.16%

2.90%

3.27%

5.17%

4.38%

Residential mortgage

Home equity

liens:

25%;

liens:

75%

Weighted average origination FICO: 757

Origination FICO distribution: <660 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 4%; 2008 12%; 2007 12%; 2006 17%; 2005 16%;

2004 and prior 39%

% through broker channels: 16% WA FICO: 739 brokered, 760 direct; WA

CLTV: 90% brokered; 73% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

Approximately 16% of portfolio concentration in broker product driving

approximately 38% 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%

($ in millions)

3Q08

4Q08

1Q09

2Q09

3Q09

Balance

$10,232

$10,439

$10,486

$10,386

$10,349

90+ days delinquent

$41

$58

$61

$63

$66

as % of loans

0.40%

0.55%

0.59%

0.61%

0.64%

Net charge-offs

$26

$27

$42

$49

as % of loans

1.00%

1.04%

1.62%

1.91%

1.89%

Home equity - direct

($ in millions)

3Q08

4Q08

1Q09

2Q09

3Q09

Balance

$2,368

$2,313

$2,225

$2,125

$2,028

90+ days delinquent

$31

$37

$42

$34

$38

as % of loans

1.33%

1.58%

1.91%

1.58%

1.87%

Net charge-offs

$30

$26

$30

$39

$30

as % of loans

5.05%

4.52%

5.46%

7.41%

5.96%

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

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

29%

28%

27%

15%

10%

20%

24%

32%

* NPAs exclude loans held-for-sale.

($ in millions)

Loans

(bn)

% of

FITB

NPAs

(mm)

% of

FITB

NCOs

(mm)

% of

FITB

Commercial loans

1.7

135

17%

Commercial mortgage

1.6

13%

265

27%

31%

Commercial construction

0.8

19%

245

33%

35%

Commercial lease

0.0

Commercial

4.1

647

25%

101

20%

Mortgage

2.4

29%

261

54%

66%

Home equity

1.0

11%

20%

Auto

0.5

10%

12%

Credit card

0.1

13%

Other consumer

0.0

25%

Consumer

4.0

12%

275

42%

34%

Total

8.1

10%

922

29%

189

25%

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%

19%

24%

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

12%

40%

18%

13%

25%

38%

18%

* NPAs exclude loans held-for-sale.

($ in millions)

Loans

(bn)

% of

FITB

NPAs

(mm)

% of

FITB

NCOs

(mm)

% of

FITB

Commercial loans

4.3

16%

127

16%

24%

Commercial mortgage

3.1

26%

202

21%

24%

Commercial construction

0.6

15%

12%

15%

Commercial lease

0.2

12%

Commercial

8.2

18%

427

17%

109

22%

Mortgage

1.2

14%

10%

11%

Home equity

2.6

21%

30%

22%

Auto

1.0

11%

15%

10%

Credit card

0.3

17%

23%

19%

Other consumer

0.1

14%

Consumer

5.2

16%

14%

16%

Total

13.4

17%

517

16%

151

20%

Cautionary statement

This

report

may

contain

statements

that

believe

are

“forward-looking

statements”

within

the

meaning

Section

27A

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

business.

They

usually

can

identified

the

use

forward-looking

language

such

“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,”

similar

expressions,

future

conditional

verbs

such

“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

the

risk

factors

set

forth

our

most

recent

Annual

Report

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,

well

any

cautionary

statements

may

make.

Moreover,

you

should

treat

these

statements

speaking

only

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

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

regulatory

changes

actions,

significant

litigation,

adversely

affect

Fifth

Third,

one

acquired

entities

and/or

the

combined

company

the

businesses

which

Fifth

Third,

one

acquired

entities

and/or

the

combined

company

are

engaged;

(14)

ability

maintain

favorable

ratings

from

rating

agencies;

(15)

fluctuation

Fifth

Third’s

stock

price;

(16)

ability

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

reputational

risk

created

these

developments

such

matters

business

generation

and

retention,

funding

and

liquidity.

You

should

refer

our

periodic

and

current

reports

filed

with

the

Securities

and

Exchange

Commission,

“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.