8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): December 9, 2009

FIFTH THIRD BANCORP

(Exact Name of Registrant as Specified in Its Charter)

OHIO

(State or Other Jurisdiction of Incorporation)

001-33653	31-0854434
(Commission File Number)	(IRS Employer Identification No.)
Fifth Third Center
38 Fountain Square Plaza, Cincinnati, Ohio	45263
(Address of Principal Executive Offices)	(Zip Code)

(800) 972-3030

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure

On December 9, 2009, Fifth Third Bancorp will present at the 2009 Goldman Sachs U.S. Financial Services Conference. A copy of this presentation is attached as Exhibit 99.1. The information in this Form 8-K and the Exhibit attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1 Fifth Third Bancorp Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FIFTH THIRD BANCORP (Registrant)
December 9, 2009	/s/ Daniel T. Poston
	Daniel T. Poston Executive Vice President and Chief Financial Officer

EX-99.1

©

Fifth Third Bank | All Rights Reserved

Goldman Sachs

U.S. Financial Services Conference

Kevin Kabat

Chairman, President & CEO

December 9, 2009

Please refer to earnings release dated October 22, 2009 and 10-Q dated

November

6,

2009

for

further

information,

including

full

results

reported

on

a

U.S. GAAP basis

Exhibit 99.1

2

©

Fifth Third Bank | All Rights Reserved

3Q09 results vs. peers

Range

Metric

Rank / 13

Peer average

Net interest margin

7

3.36%

2.68%

4.36%

3.43%

Seq. net interest margin growth

2

7 bps

(18 bps)

18 bps

17 bps

Seq. net interest income growth

3

2.3%

(4.2%)

9.2%

4.5%

Tangible common equity ratio

3

6.0%

4.0%

8.0%

7.0%

Tier 1 ratio

1

11.1%

8.4%

13.2%

13.2%

7

6.9%

5.2%

8.4%

7.0%

Tier 1 common ratio

1

2.79%

1

2

3

4

5

6

7

1.68%

4.69%

4.69%

Reserves / loans

2

75%

8

44%

130%

114%

Reserves / NPAs

4

110%

9

66%

185%

122%

Reserves / annualized NCOs

Peers include: BBT, CMA, HBAN, KEY, MI, MTB, PNC, RF, STI, USB, WFC, ZION. Source: SNL and company reports

NPAs exclude HFS portion for all banks. Exclude covered assets for BBT, USB, and ZION.

3

©

Fifth Third Bank | All Rights Reserved

Pre-tax pre-provision earnings

5.4%

4.9%

3.9%

3.4%

2.7%

2.7%

2.4%

2.2%

1.7%

1.6%

1.6%

1.3%

0.7%

WFC

USB

PNC

BBT

FITB

MTB

HBAN

ZION

CMA

RF

STI

MI

KEY

Peer average: 2.6%

3Q09 core PPNR / average loans (annualized)*

Core PPNR trend

* Peer core PPNR excludes securities gains/losses, gains/losses from debt extinguishments, Visa gains and expense reversals, leveraged lease gains/losses, and  gains from FDIC 

transactions.

Fifth

Third’s

pre-tax,

pre-provision

net

revenue

(PPNR)

to

RWA

higher

than

most

SCAP

regional

banks

3.4%

Credit adjusted PPNR /

Average Loans

Significant impact from

purchase accounting

Core PPNR reconciliation

451

483

565

535

45

106

87

46

100

8

3

22

$0

$100

$200

$300

$400

$500

$600

$700

4Q08

1Q09

2Q09

3Q09

Core

Fee Income Effect from Credit

Noninterest

Expense

Effect

from

Credit

4Q08

1Q09

2Q09

3Q09

Reported PPNR (GAAP)

(488)

511

2,393

844

Adjustments:

Gain on sale of Visa shares

-

-

-

(244)

BOLI charges

34

54

-

-

Gain from sale of processing interest

-

-

(1,764)

6

Divested merchant and EFT revenue

(160)

(155)

(169)

-

Securities gains/losses

40

24

(5)

(8)

Visa litigation reserve expense

8

-

-

(73)

Goodwill impairment charge

965

-

-

-

Seasonal pension expense

-

-

-

10

FDIC special assessment

-

-

55

-

Divested merchant and EFT expense (estimated)

51

49

54

-

Core PPNR

451

483

565

535

Credit Related Adjustments:

OREO write-downs, FV adjs, & G/L on loan sales

22

3

8

45

Problem asset work-out expenses

106

87

46

100

Credit adjusted PPNR

579

574

620

679

4

©

Fifth Third Bank | All Rights Reserved

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)

•

All mortgages originated for intended sale*

Total

4.2%

3.1%

3.7%

Mortgage portfolio

5

©

Fifth Third Bank | All Rights Reserved

521%

371%

313%

313%

251%

204%

185%

174%

170%

162%

158%

157%

145%

0%

100%

200%

300%

400%

500%

600%

MTB

MI

RF

ZION

CMA

HBAN

USB

WFC

KEY

BBT

PNC

STI

FITB

665%

502%

471%

407%

301%

269%

252%

251%

231%

229%

215%

203%

199%

0%

100%

200%

300%

400%

500%

600%

700%

MTB

MI

ZION

RF

CMA

HBAN

USB

WFC

PNC

KEY

FITB

BBT

STI

44%

41%

39%

33%

32%

27%

23%

21%

19%

19%

18%

17%

15%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

MI

MTB

RF

CMA

ZION

KEY

HBAN

FITB

STI

USB

BBT

WFC

PNC

34%

30%

26%

25%

24%

17%

17%

15%

13%

13%

11%

11%

9%

0%

5%

10%

15%

20%

25%

30%

35%

40%

MI

MTB

RF

ZION

CMA

KEY

HBAN

FITB

STI

USB

BBT

WFC

PNC

Commercial Real Estate

CRE / (TCE + Reserves)

CRE / TCE

CRE / Loans HFI

CRE / Assets

Peer average: 27%

Peer average: 332%

Source: SNL and company reports.

Peer average: 19%

Peer average: 248%

Fifth

Third’s

CRE

exposure

is

lower

than

most

peers

relative

to

assets,

loans,

capital

and

reserves

6

©

Fifth Third Bank | All Rights Reserved

545%

273%

251%

149%

141%

135%

134%

126%

70%

66%

65%

48%

31%

FITB

CMA

STI

MI

MTB

RF

KEY

ZION

BBT

USB

HBAN

WFC

PNC

3Q09 credit results

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

FITB

Peer Average

Source: SNL and company reports. NPAs exclude held-for-sale NPAs for all banks.

3.2%

3.0%

1.4%

2.4%

2008

2009 YTD

FITB

Peer Average

NPA ratio versus peers

Net charge-off ratio versus peers

Sequential NPA growth versus peers

Year-over-year NPA growth versus peers

Peer average: 167%

Peer average: 12%

(4%)

(1%)

4%

6%

9%

12%

13%

13%

17%

18%

22%

25%

28%

MI

STI

KEY

CMA

MTB

USB

FITB

ZION

HBAN

BBT

RF

PNC

WFC

7

©

Fifth Third Bank | All Rights Reserved

Strong reserve position

463

1,627

490

626

756

478

729

283

415

196

2.41%

4.28%

4.69%

3.72%

3.31%

$0

$500

$1,000

$1,500

$2,000

$2,500

3Q08

4Q08

1Q09

2Q09

3Q09

Net Charge-offs

Additional Provision

Reserves

Industry leading reserve level

Coverage ratios are strong relative to peers

1.25%

1.14%

1.22%

0.86%

0.75%

1.10%

Reserves / NPLs

Reserves / NPAs

Reserves / 3Q09 Annualized NCOs

FITB

Peer Average

Source: SNL and company reports. NPAs/NPLs exclude held-for-sale portion for all banks. Excludes covered assets for BBT, USB, and ZION.

1.

FITB

4.69

2.

KEY

4.00

3.

ZION

3.44

4.

MI

3.08

5.

WFC

3.00

6.

PNC

2.99

7.

RF

2.83

8.

HBAN

2.77

9.

USB

2.64

10.

STI

2.60

11.

BBT

2.29

12.

CMA

2.19

13.

MTB

1.68

Peer Average

2.79

Reserves / Total Loans

8

©

Fifth Third Bank | All Rights Reserved

Tier 1 common capital actions

$1B common equity issuance (6/4/09)

—

Completed upsized $1B common equity

issuance ($750M at-the-market program

launched 5/20/09)

—

Significantly oversubscribed

Conversion of Series G convertible preferred

stock to $467M of common (6/22/09)

—

Avoid $104M of preferred dividends from

exchange through 4Q10

Tier 1 common equity capital from FTPS JV

(6/30/09) exceeded estimates submitted under

SCAP by $116M

Monetization of value in Visa shares carried at

zero book value ($187M) (7/17/09)

—

Generated $287M of Tier 1 common

equity credit under more adverse

scenario (including credit for recapture

of assumed excluded DTAs of $100M)

Current

7.0%

Tier

1

common

ratio

and

13.2%

Tier

1

ratio

(9.9%

excluding

CPP)

well

above

regulatory

minimums,

and

expected

to

remain

well

above

regulatory

minimums

under

potential

stress

scenarios

#

Investment bank MS raised greater percentage.

$874M of common equity issuance was

surplus to required SCAP buffer

80%

of

SCAP

buffer

(greater

percentage

than

any

other

SCAP

commercial

bank

with

a

required

buffer)

#

Tier 1 common

requirement

Tier 1 common

sources*

$0.47B Series G convert

$2.0B

$0.12B JV >est.

$0.10B Avoided

preferred dividends

$1.0B Public

common issuance

$0.29B Visa sale

$1.1B

9

©

Fifth Third Bank | All Rights Reserved

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

$5,000

$5,500

2008

2009

2010

Performance vs. SCAP scenarios

$4.1B

$2.9B

~$2.6B

$2.8B

ACT

*

Red line represents more adverse scenario as adjusted by supervisors for additional assumed two-year losses. Supervisory estimates of total two-year losses under more

adverse scenario were not allocated by period. Estimate allocates total two-year supervisory losses using the allocation under Fifth Third’s own adverse submission.

Realized losses have been significantly below SCAP submissions

$5.0B

Fifth Third’s realized credit losses have

been significantly below its SCAP

submitted baseline and more adverse

scenarios

In our submissions, we incorporated

significant conservatism, given the then-

prevailing

negative

economic

and

industry

trends and the extreme uncertainty in

potential loss outcomes at that time

Economic and credit market conditions

have been much better than potential

downside expectations in Spring 2009,

benefitting

our

results

vs.

SCAP

scenarios

SCAP Supervisory Adverse Scenario

(timing of supervisory losses estimated)

SCAP Baseline Scenario

as submitted

Fifth Third capitalized

for this level of losses

(plus additional capital

raised above required

buffer)

$2.7B

ACT/

4Q09

EST

10

©

Fifth Third Bank | All Rights Reserved

Strong capital position

Tier 1 common ratio

Tier 1 capital ratio (with and without TARP)

11.1%

9.9%

9.9%

9.9%

9.5%

9.2%

8.9%

8.7%

8.2%

7.7%

7.5%

7.3%

6.3%

BBT

FITB

HBAN

KEY

USB

STI

RF

CMA

WFC

PNC

MTB

ZION

MI

Peer average w/

TARP: 11.1%

8.4%

8.0%

7.9%

7.8%

7.6%

7.5%

7.0%

6.8%

6.2%

6.1%

5.5%

5.5%

5.2%

BBT

CMA

RF

HBAN

KEY

STI

FITB

USB

MI

ZION

MTB

PNC

WFC

Peer average: 6.9%

Source: SNL and company reports.

TCE + Reserves / Loans

Tangible common equity ratio

8.0%

7.6%

7.0%

6.9%

6.9%

6.6%

6.3%

5.9%

5.4%

5.3%

4.8%

4.5%

4.0%

CMA

KEY

FITB

MI

STI

RF

HBAN

BBT

ZION

USB

MTB

WFC

PNC

Peer average: 6.0%

Peer average: 11.3%

15.7%

14.3%

13.1%

12.4%

12.3%

11.8%

11.5%

11.2%

10.3%

10.0%

9.7%

9.5%

7.8%

KEY

FITB

CMA

STI

RF

MI

HBAN

BBT

ZION

USB

WFC

PNC

MTB

Strong capital ratios relative to peers, particularly considering reserve levels

11.1%

13.2%

13.0%

12.6%

9.5%

12.2%

12.2%

10.6%

10.9%

8.4%

10.0%

9.6%

Peer average

w/o TARP: 8.7%

12.6%

11

©

Fifth Third Bank | All Rights Reserved

Summary

Fifth Third continues to execute on its strategic initiatives and

is focused on being well-positioned for the turn of the cycle.

•

Dedicated to serving the needs

of families and businesses for

more than 150 years

•

Businesses creating new and

profitable opportunities to

enhance value

•

Trends in NII and NIM

compare favorably with peers

•

Ongoing expense control

•

Continued shift back toward

core funding

Core franchise is solid

•

Strong reserve coverage of

problem loans

•

Aggressive management has

mitigated areas of highest risk

•

Significantly enhanced SAG

and workout resources, while

continuing prudent lending

practices

•

Some positive signs in 3Q09

results, though challenges will

continue

Aggressive management of

credit issues

•

Successfully completed June

2008 capital plan and SCAP

capital actions

•

Actions exceeded SCAP Tier 1

common equity commitment

by 80%

•

Current capital levels able to

withstand additional economic

deterioration as assumed

under the SCAP assessment

Strong capital levels

12

©

Fifth Third Bank | All Rights Reserved

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. 

13

©

Fifth Third Bank | All Rights Reserved

Appendix

14

©

Fifth Third Bank | All Rights Reserved

Net interest income

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

3Q08

4Q08

1Q09

2Q09

3Q09

0

100

200

300

400

Spread (right axis)

Asset yield

Liability rate

3.33%

3.13%

2.92%

3.15%

3.37%

2.0%

2.5%

3.0%

3.5%

4.0%

3Q08

4Q08

1Q09

2Q09

3Q09

$300

$400

$500

$600

$700

$800

$900

Net interest income (right axis)

NIM

Core NII and NIM

•

Trends in net interest income and net

interest margin compare favorably with

peers

–

Stable NII in 4Q09

•

Expect continued expansion in NIM in

4Q09

–

Approximately 10 bps

Yields and rates

SEQ NII and NIM growth compared with peers

4.5%

17 bps

2.3%

7 bps

NIM growth

NII growth

FITB

Peer average

Peers include: BBT, CMA, HBAN, KEY, MI, MTB, PNC, RF, STI, USB, WFC, ZION

Source: SNL and company reports

Results above exclude $130M and $6M charge related to leveraged lease litigation in 2Q08 and 1Q09, respectively. Also excluded is $215M, $81M, $41M,

$35M, and $27M in loan discount accretion from the First Charter

acquisition in 3Q08 , 4Q08, 1Q09,2Q09, and 3Q09 respectively.

15

©

Fifth Third Bank | All Rights Reserved

Deposit share momentum

Source: FDIC, SNL Financial; branches included are full service retail / brick and mortar; data excludes headquarters branches with over $250 million in deposits

•

Continued focus on

customer satisfaction

and building full

relationships has given

strong momentum to the

retail network

•

Fifth Third grew deposits

in 15 of 16 affiliate

markets in 2009

–

Market share rank

increases in South

and Central Florida

–

Modest attrition in

North Carolina

acquisition market

•

Fifth Third grew deposit

market share in 75% of

affiliate markets in 2009

5.3%

4.8%

-4.4%

(113,631)

North Carolina

8.7%

8.1%

0.3%

2,608

Central Kentucky

8.3%

8.4%

4.7%

139,354

Central Indiana

3.3%

3.5%

12.8%

142,615

Tennessee

18.4%

18.4%

2.1%

149,252

Western Michigan

15.4%

16.2%

7.5%

177,122

Northwestern Ohio

8.2%

8.9%

13.0%

194,593

Louisville

4.0%

4.1%

8.6%

195,169

Southern Indiana

21.9%

21.5%

2.2%

212,656

Cincinnati

11.2%

11.1%

5.6%

213,971

Central Ohio

3.1%

3.5%

24.5%

334,080

Tampa

2.5%

3.0%

28.9%

338,091

Central Florida

5.0%

5.4%

11.9%

418,525

Eastern Michigan

2.8%

3.1%

21.1%

579,342

South Florida

3.8%

4.2%

17.0%

606,708

Northeastern Ohio

3.8%

4.0%

9.8%

788,601

Chicago

2008

2009

Share

(%)

($)

Deposit

Name

5/3 Market Share

5/3 Deposit

(08-09)

Affiliate

16

©

Fifth Third Bank | All Rights Reserved

Loss mitigation effort impact on PPNR

•

Commercial Special Assets Group

—

Approximately 275 full-time employees, compared

with 100 at the beginning of 2009

—

Special vertical teams and “war rooms”

dedicated

to existing and emerging problem areas

–

Construction

–

Income-producing property

–

Auto manufacturing

–

Dealer floor plan

—

Increasing use of structured situations in workouts

–

Commercial recoveries as a percentage of

gross charge-offs up significantly in the third

quarter

•

Consumer Collections

—

Approximately 650 full-time employees, compared

with 445 at the beginning of 2009, a nearly 50%

increase

—

Over $2.1 billion of loan modifications since

program inception in 2007

–

$400 million of modifications in the third

quarter of 2009

—

Approximately 25% redefault

rate on total pool;

40% lagged redefault

rate

•

Nearly 5% of total workforce currently focused on loss

mitigation and collections

—

Approaching targeted staffing levels

3Q07

3Q08

2Q09

3Q09

Credit related fee income:

Losses on the sale of OREO

($2)

($12)

($13)

($22)

Gains/losses on sale of loans

-

(1)

11

8

FV adjustments to loans HFS

-

-

(6)

(30)

Total impact to fee income

($2)

($13)

($8)

($45)

Credit related noninterest expense:

Provision for unfunded commitments

$2

$17

$8

$45

Derivative valuation adjustments

-

-

2

21

Other work-out related expenses

12

25

32

28

OREO expense

2

3

4

6

Total impact to noninterest expense

$16

$45

$46

$100

Total PPNR effect

($18)

($58)

($55)

($145)

Effect on 3Q09 PPRN relative to:

2Q09:

($90)

3Q08:

($87)

3Q07:

($127)

17

©

Fifth Third Bank | All Rights Reserved

Consumer portfolio

Home Equity

Balance $12.4B

NPA + 90+ Ratio: 1.4%

NCO Ratio: 2.6%

Brokered

$2.0B

NPA + 90+ Ratio

2.8%

NCO Ratio 6.6%

Direct

$10.4B

NPA + 90+ Ratio

1.1%

NCO Ratio 1.8%

Mortgage

Balance $8.2B

NPA + 90+ Ratio: 8.2%

NCO Ratio: 4.5%

Other

Card

$2.0B

NPA + 90+ Ratio 7.1%

NCO Ratio 8.9%

Other

$0.9B

NPA + 90+ Ratio 0.2%

NCO Ratio 2.1%

Auto

$9.0B

NPA + 90+ Ratio 0.5%

NCO Ratio 1.7%

HELOAN

$1.7B

NPA + 90+ Ratio

1.9%

NCO Ratio 3.5%

HELOC

$10.7B

NPA + 90+ Ratio

1.3%

NCO Ratio 2.4%

Lots

$0.7B

NPA + 90+ Ratio

16.1%

NCO Ratio 18.0%

Resi Construct

$0.1B

NPA + 90+ Ratio

1.4%

NCO Ratio NM

Owner Occ’d

$7.0B

NPA + 90+ Ratio

6.6%

NCO Ratio 2.5%

Non-owner Occ’d

$0.5B

NPA + 90+ Ratio

21.1%

NCO Ratio 14.4%

NCO ratios are YTD

18

©

Fifth Third Bank | All Rights Reserved

Commercial portfolio

FL

7%

MI

16%

Other

77%

FL

19%

MI

15%

Other

66%

C&I

Balance $26.2B

NPA Ratio: 3.0%

NCO Ratio: 2.5%

Commercial Mortgage

Balance $12.1B

NPA Ratio: 8.0%

NCO Ratio: 3.0%

Owner Occ’d

$5.6B

NPA Ratio 4.3%

NCO Ratio 1.7%

Non-owner Occ’d

$6.5B

NPA Ratio 11.2%

NCO Ratio 4.2%

NCO ratios are YTD. NPA ratios exclude loans held-for-sale

Commercial Construction

Balance $4.1B

NPA Ratio: 18.1%

NCO Ratio: 8.1%

Owner Occ’d

$0.6B

NPA Ratio 8.8%

NCO Ratio 1.2%

Non-owner Occ’d

$3.5B

NPA Ratio 19.8%

NCO Ratio 9.4%

C&I loans by state

Commercial mortgage by state

Commercial construction by state

Homebuilder

$0.8B

NPA Ratio 33.2%

NCO Ratio 13.4%

Homebuilder

$0.8B

NPA Ratio 36.5%

NCO Ratio 18.6%

Homebuilder

$0.2B

NPA Ratio 16.7%

NCO Ratio 8.7%

FL

13%

MI

26%

Other

61%

Included

in totals

above

19

©

Fifth Third Bank | All Rights Reserved

Commercial credit summary

1.19%

5.03%

1.45%

2.53%

3.70%

3Q08

4Q08

1Q09

2Q09

3Q09

Portfolio comments

Delinquency trends

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

0.0%

1.0%

2.0%

3.0%

4.0%

3Q08

4Q08

1Q09

2Q09

3Q09

NPAs

30-89

90+

2.82%

2.84%

2.50%

2.73%

3.82%

3Q08

4Q08

1Q09

2Q09

3Q09

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

3Q08

4Q08

1Q09

2Q09

3Q09

NPAs

30-89

90+

5.71%

10.00%

6.21%

6.76%

11.56%

3Q08

4Q08

1Q09

2Q09

3Q09

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

3Q08

4Q08

1Q09

2Q09

3Q09

NPAs

30-89

90+

Loss trends

•

18% of 3Q09 losses on loans to auto dealers and companies in

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)

•

SNC losses of $60 million in 3Q09 versus $17 million in 2Q09

•

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% of total losses in 3Q09, 39%

of total loans

•

35% of total commercial mortgage losses from

homebuilder/develop portfolio

•

Declining valuations in residential and land development

•

In 4Q08 reduced concentrations in most stressed markets (FL/MI)

•

Continued stress expected through 2009

•

Loans from FL/MI represented 50% of total losses in 3Q09, 34% of 

total loans

•

SNC losses of $34 million in 3Q09 versus no SNC losses in 2Q09

•

45% of total commercial construction losses from 

homebuilder/developer portfolio

20

©

Fifth Third Bank | All Rights Reserved

Consumer credit summary

3.16%

2.90%

3.30%

5.17%

4.38%

3Q08

4Q08

1Q09

2Q09

3Q09

Portfolio comments

Delinquency trends

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

3Q08

4Q08

1Q09

2Q09

3Q09

NPAs

30-89

90+

Loss trends

•

Brokered home equity represented 16% of total portfolio in 3Q09

and 38% of total losses

•

Branch originated home equity YTD loss rate of 1.8%

•

1st liens: 25%; 2nd liens: 75%

•

Weighted average origination FICO: 757

•

Aggressive home equity line management strategies in place

•

Improved values on used cars sold at auction drove lower losses

in 3Q09

•

YTD loss rates similar on all vehicles types

•

YTD loss rate on loans with >100% advance rate: 2.6%; YTD loss

rate on loans with <100%: 1.1%

1.77%

1.68%

2.28%

2.81%

2.54%

3Q08

4Q08

1Q09

2Q09

3Q09

0.0%

1.0%

2.0%

3Q08

4Q08

1Q09

2Q09

3Q09

NPAs

30-89

90+

1.51%

2.00%

2.17%

1.65%

1.52%

3Q08

4Q08

1Q09

2Q09

3Q09

0.0%

1.0%

2.0%

3.0%

3Q08

4Q08

1Q09

2Q09

3Q09

NPAs

30-89

90+

5.54%

6.82%

7.92%

9.64%

9.08%

3Q08

4Q08

1Q09

2Q09

3Q09

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

3Q08

4Q08

1Q09

2Q09

3Q09

NPAs

30-89

90+

•

29% FL concentration driving 66% of total losses

•

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

•

Mortgage company originations targeting 95% salability

•

1st liens: 100% ; weighted average LTV: 78%

•

Weighted average origination FICO: 727

•

Owner occupied represents 85% of portfolio; YTD loss rate of

2.5%

•

High unemployment and weakened economic conditions continue

to adversely impact the credit card portfolio

•

Relatively small portfolio: ~$2B

•

Relationship based product

21

©

Fifth Third Bank | All Rights Reserved

Strong liquidity profile

Current unused available borrowing capacity $22B

FHLB borrowings $2B; core deposits $70B; equity $14B

All market borrowings by Fifth Third Bank

Holding Company cash at 9/30/09: $2.1B

Expected cash obligations over the next 12 months

—

$0 debt maturities

—

~$32M common dividends

—

~$205M preferred dividends

–

~$35MM Series G dividend

–

~$170MM TARP dividend

—

~$286M interest and other expenses

Cash currently 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

Holding company unsecured debt maturities ($M)

5,018

750

0

0

0

0

Bank unsecured debt maturities ($M)

Heavily core funded (Bancorp)

2009

2010

2011

2012

2013

2014 on

Fifth Third Bancorp

Fifth Third Capital Trust

31

0

500

500

1,639

888

10/1-12/31/09

2010

2011

2012

2013

2014 on

Fifth Third Bank

Demand

16%

Interest

Checking

14%

Savings /

MMDA

20%

Foreign Office

2%

Consumer

Time

12%

Non-core

Deposits

8%

ST Borrowings

4%

Equity

12%

Long Term

Debt

9%

Other

liabilities

3%