Fourth Quarter 2009 Credit Trends

4Q09 Credit Trends

January 21, 2010

Please refer to earnings release dated January 21, 2010

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

Exhibit 99.4

Updated credit loss expectations vs. SCAP scenarios

$4.1B

$5.0B

$2.8B

Moody’s Longer

Recession / Weaker

Recovery Case**

Assumptions

(Dec. 2009)

Moody’s Base

Case** Assumptions

(Dec. 2009)

Realized credit losses have been significantly below SCAP submissions, which is expected to continue

SCAP Baseline Scenario

(Submitted; Mar 2009)

SCAP Adverse Scenario

(Supervisory; Mar 2009)

* Red SCAP 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 submission.

** Source for assumptions: Moody’s Economy.com. Assumptions as of 2009 year end.

Actual

$2.6B

Actual

$2.7B

Fifth Third

capitalized for this

level of losses under

SCAP (plus surplus

raised vs. buffer)

Fifth Third’s realized credit losses

have been significantly below its

SCAP submitted baseline and

more adverse scenarios

–

In SCAP submissions, we

incorporated significant

conservatism, given then-

prevailing negative economic

and industry trends and

extreme uncertainty in

potential loss outcomes at

the time

–

Economic and credit market

conditions have been much

better than potential

downside expectations in

Spring 2009, benefitting

results vs. SCAP scenarios

Base and stress scenarios reflect

Moody’s Base Case and Moody’s

Longer Recession and Weaker

Recovery Case (as of December

2009)**

Our current expectation is for

2010 losses to be lower than 2009

$2.9B

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

$5,000

$5,500

2008

2009

2010

Credit by portfolio*

C&I

26%

Other

consumer

Residential

mortgage

11%

Auto

Commercial

construction

19%

Commercial

mortgage

20%

Coml Lease

Home equity

12%

Card

Net charge-offs by loan type

Net charge-offs by geography

* NPAs exclude loans held-for-sale.

21%

13%

11%

Other /

National

32%

($ in millions)

C&I

Commercial

mortgage

Commercial

construction

Commercial

lease

Total

commercial

Residential

mortgage

Home equity

Auto

Credit card

consumer

Total consumer

Total loans &

leases

Loan balances

$25,683

$11,803

$3,784

$3,535

$44,805

$8,035

$12,174

$8,995

$1,990

$780

$31,974

$76,779

% of total

33%

15%

58%

10%

16%

12%

42%

NPAs

$781

$985

$707

$67

$2,540

$523

$71

$23

$87

$704

$3,244

NPA ratio

3.04%

8.34%

18.68%

1.90%

5.67%

6.51%

0.58%

0.26%

4.38%

0.08%

2.20%

4.21%

Net charge-offs

$183

$142

$135

$468

$78

$82

$32

$44

$240

$708

Net charge-off ratio

2.81%

4.69%

13.28%

0.88%

4.08%

3.82%

2.65%

1.38%

8.81%

2.49%

2.97%

3.62%

Other

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 $110 million in

4Q09

–

Total charge-off ratio 3.6% (3.1% ex-HBs)

–

Commercial charge-off ratio 4.1% (3.2% ex-

HBs)

•

Brokered home equity charge-offs 7.0% in 4Q09

–

Direct home equity portfolio 1.9%

4Q09 NCO Ratios

Coml

Cons

Total

FL/MI

8.4%

5.3%

7.1%

Other

2.5%

2.1%

2.3%

•

Subprime

•

Option ARMs

Discontinued in 2007

•

Brokered home equity ($1.9B)

Suspended in 2008

•

Homebuilder/residential development ($1.6B)

•

Other non-owner occupied commercial RE

excluding homebuilder/developer ($8.0B)

Saleability

•

All mortgages originated for intended sale*

Total

4.1%

3.0%

3.6%

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

4Q08

1Q09

2Q09

3Q09

4Q09

C&I/Lease

Auto/Other

CRE

Res RE

500

1,000

1,500

2,000

2,500

3,000

3,500

4Q08

1Q09

2Q09

3Q09

4Q09

C&I/Lease

Auto/Other

CRE

Res RE

500

1,000

1,500

2,000

2,500

3,000

3,500

4Q08

1Q09

2Q09

3Q09

4Q09

Other SE

National

Other MW

Michigan

Florida

200

400

600

800

1,000

4Q08

1Q09

2Q09

3Q09

4Q09

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 $548M;

represent 17% of total NPAs

•

Commercial NPAs of $2.5B; down 1% from

the previous quarter

•

Consumer NPAs of $704M; up 7% from the

previous quarter

17%

11%

14%

18%

13%

18%

46%

21%

11%

39%

16%

10%

11%

29%

17%

C&I^ (26%)

CRE (53%)

Residential (18%)

Other Consumer (3%)

Residential

$594M

18%

C&I*

$848M

26%

Other

$111M

CRE

$1.7B

53%

^ 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

•

39% of 4Q09 losses on loans to companies in real estate

related industries

–

Loans to real estate related industries of $3.3B; 4Q09

NCO ratio of 8.5%

–

4Q09 C&I loss rate of 2.8%, excluding loans to real

estate related industries, 2.0%

•

FL represented 30% of 4Q09 losses, 7% of loans

20%

Other

29%

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

35%

Real Estate

Manufacturing

19%

Finance &

Insurance

16%

Auto

Manufacturing

Construction

Retail Trade

Accomodation

($ in millions)

4Q08

1Q09

2Q09

3Q09

4Q09

Balance

$29,197

$28,617

$28,409

$26,175

$25,683

90+ days delinquent

$76

$131

$142

$256

$118

as % of loans

0.26%

0.46%

0.50%

0.98%

0.46%

NPAs

$548

$675

$634

$790

$781

as % of loans

1.88%

2.36%

2.23%

3.02%

3.04%

Net charge-offs

$151

$103

$177

$256

$183

as % of loans

5.03%

1.45%

2.53%

3.70%

2.81%

C&I

Commercial mortgage*

Accomodation

Retail Trade

Construction

10%

Auto

Manufacturing

Finance &

Insurance

Manufacturing

Real Estate

50%

Other

21%

Wholesale

Trade

Auto Retailers

Loans by geography

Credit trends

Loans by industry

Comments

•

Owner occupied 4Q09 NCO ratio of 2.2%, other non-owner

occupied 4Q09 NCO ratio of 6.9%

•

In 4Q08 reduced concentrations in most stressed markets (FL

and MI)

•

Loans from FL/MI represented 39% of total loans, 56% of total

losses in 4Q09

27%

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)

4Q08

1Q09

2Q09

3Q09

4Q09

Balance

$12,502

$12,560

$12,407

$12,105

$11,803

90+ days delinquent

$136

$124

$131

$184

$59

as % of loans

1.09%

0.99%

1.06%

1.52%

0.50%

NPAs

$502

$718

$791

$968

$985

as % of loans

4.02%

5.72%

6.37%

8.00%

8.34%

Net charge-offs

$151

$77

$85

$118

$142

as % of loans

2.84%

2.50%

2.73%

3.82%

4.69%

Commercial mortgage

Commercial construction*

Accomodation

Auto Retailers

Finance &

insurance

Construction

33%

Manufacturing

Real estate

48%

Retail Trade

Other

11%

Wholesale

Trade

Loans by geography

Credit trends

Loans by industry

Comments

29%

10%

Other

18%

14%

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

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

($ in millions)

4Q08

1Q09

2Q09

3Q09

4Q09

Balance

$5,114

$4,745

$4,491

$4,147

$3,784

90+ days delinquent

$73

$49

$60

$168

$16

as % of loans

1.44%

1.02%

1.34%

4.04%

0.44%

NPAs

$400

$597

$735

$751

$707

as % of loans

7.82%

12.59%

16.36%

18.11%

18.68%

Net charge-offs

$151

$76

$79

$126

$135

as % of loans

10.00%

6.21%

6.76%

11.56%

13.28%

Commercial construction

•

Owner occupied 4Q09 NCO ratio of 6.8%, other non-owner

occupied 4Q09 NCO ratio of 14.8%

•

In 4Q08 reduced concentrations in most stressed markets (FL

and MI)

•

Loans from FL/MI represented 32% of total loans, 61% of total

losses in 4Q09

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

•

3% of commercial loans; 2% of total loans

•

Balance by product approximately 42% Construction,

45% Mortgage, 13% C&I

18%

24%

15%

Other

20%

C&I

13%

Commercial

construction

42%

Commercial

mortgage

45%

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

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

($ in millions)

4Q08

1Q09

2Q09

3Q09

4Q09

Balance

$2,481

$2,322

$2,102

$1,846

$1,563

90+ days delinquent

$74

$37

$53

$79

$19

as % of loans

2.98%

1.59%

2.51%

4.29%

1.19%

NPAs

$366

$554

$613

$600

$548

as % of loans

14.74%

23.87%

29.14%

32.51%

35.09%

Net charge-offs

$128

$64

$76

$108

$110

as % of loans

19.71%

10.73%

14.06%

21.92%

26.25%

Homebuilders/developers

Residential mortgage

liens:

100%

;

weighted

average

LTV:

78%

Weighted average origination FICO: 728

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 6%; 2008 13%; 2007 16%; 2006 16%;

2005 25%; 2004 and prior 24%

% through broker: 13%; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

28% FL concentration driving 59% of total losses

FL lots ($281M) running at 30% annualized loss rate (YTD)

Mortgage company originations targeting 95% salability

14%

22%

Other

11%

28%

^ 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)

4Q08

1Q09

2Q09

3Q09

4Q09

Balance

$9,385

$8,875

$8,489

$8,229

$8,035

90+ days delinquent

$198

$231

$242

$198

$189

as % of loans

2.11%

2.60%

2.85%

2.41%

2.35%

NPAs

$397

$475

$484

$523

as % of loans

4.23%

5.35%

5.59%

5.89%

6.51%

Net charge-offs

$68

$75

$112

$92

$78

as % of loans

2.90%

3.27%

5.17%

4.38%

3.82%

Residential mortgage

Home equity

liens:

26%;

liens:

74%

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

81%)

Origination

CLTV distribution: <=70 38%; 70.1-80 21%; 80.1-90 18%; 90.1-95 8%; >95

15%

Vintage distribution: 2009 5%; 2008 12%; 2007 12%; 2006 16%; 2005 15%;

2004 and prior 40%

% 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 42% 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%

33%

12%

Other

21%

25%

10%

11%

Other

20%

($ in millions)

4Q08

1Q09

2Q09

3Q09

4Q09

Balance

$2,313

$2,225

$2,125

$2,028

$1,948

90+ days delinquent

$37

$42

$34

$38

$33

as % of loans

1.58%

1.91%

1.58%

1.87%

1.72%

Net charge-offs

$26

$30

$39

$30

$34

as % of loans

4.52%

5.46%

7.41%

5.96%

7.02%

Home equity -

brokered

($ in millions)

4Q08

1Q09

2Q09

3Q09

4Q09

Balance

$10,439

$10,486

$10,386

$10,349

$10,226

90+ days delinquent

$58

$61

$63

$66

$65

as % of loans

0.55%

0.59%

0.61%

0.64%

Net charge-offs

$27

$42

$49

$48

as % of loans

1.04%

1.62%

1.91%

1.89%

1.85%

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

22%

20%

29%

13%

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

31%

32%

23%

12%

24%

20%

25%

20%

* NPAs exclude loans held-for-sale.

($ in millions)

Loans

(bn)

% of

FITB

NPAs

(mm)

% of

FITB

NCOs

(mm)

% of

FITB

Commercial loans

1.7

110

14%

30%

Commercial mortgage

1.5

13%

282

29%

31%

Commercial construction

0.7

18%

206

29%

42%

Commercial lease

0.0

Commercial

3.9

600

24%

156

33%

Mortgage

2.3

28%

270

52%

59%

Home equity

1.0

20%

Auto

0.5

10%

13%

Credit card

0.1

11%

Other consumer

0.0

23%

12%

Consumer

3.9

12%

283

40%

30%

Total

7.8

10%

883

27%

229

32%

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

31%

20%

23%

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

15%

27%

24%

18%

27%

37%

15%

10%

* NPAs exclude loans held-for-sale.

($ in millions)

Loans

(bn)

% of

FITB

NPAs

(mm)

% of

FITB

NCOs

(mm)

% of

FITB

Commercial loans

4.1

16%

145

19%

22%

Commercial mortgage

3.0

26%

194

20%

25%

Commercial construction

0.5

14%

11%

20%

Commercial lease

0.2

14%

Commercial

7.8

17%

430

17%

102

22%

Mortgage

1.1

14%

10%

15%

Home equity

2.6

21%

30%

27%

Auto

0.9

10%

18%

11%

Credit card

0.3

16%

22%

19%

Other consumer

0.1

10%

12%

Consumer

5.0

16%

101

14%

19%

Total

12.8

17%

531

16%

148

21%

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,”

similar

verbs.

You

should

not

place

undue

reliance

these

statements,

they

are

subject

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

Fifth

Third;

(19)

effects

accounting

financial

results

one

acquired

entities;

(20)

difficulties

separating Fifth Third Processing Solutions from Fifth Third; (21) loss of income from any sale or potential sale of businesses that could

have

adverse

effect

Fifth

Third’s

earnings

and

future

growth;

(22)

ability

secure

confidential

information

through

the

use

computer systems and telecommunications networks; and (23) the impact of reputational risk created by these developments on such

matters as 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.