Third Quarter Earnings Conference Call

3Q10 Earnings Conference Call

October 21, 2010

Please refer to earnings release dated October 21, 2010 for further information.

Exhibit 99.2

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) difficulties in separating Fifth Third Processing Solutions from

Fifth Third; (21) 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; (22) ability to secure confidential information through the use of 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 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.

3Q10 in review

3Q10 credit actions driving further

improvement in credit trends

•

Sale or transfer to held-for-sale of $1.2B in loans: $228mm of consumer loans

and $961mm of commercial loans

•

Net charge-offs $956mm: $510mm on credit actions, $446mm otherwise

•

Compared with 2Q10, nonperforming assets (NPAs) declined 30% (flat before

the effect of 3Q credit actions) and nonperforming loans (NPLs) declined 38%

(down 2% before the effect of 3Q credit actions)

–

Total delinquencies down 10% sequentially (lowest level since 1Q07)

•

Provision expense of $457mm

–

~$337mm reserve reductions related to credit actions, ~$162mm reserve

reductions related to remainder of portfolio

•

Loan loss allowance of 4.20%; coverage 153% of NPAs

and 202% of NPLs

Actions driving progress

•

Focusing on credit quality, portfolio management and loss mitigation strategies

•

Executing on customer satisfaction initiatives and improving customer loyalty

•

Enhancing breadth and profitability of offerings and relationships

•

Becoming an employer of choice in the industry by continuing to enhance

employee engagement

Continued strong operating results

•

Net income available to common shareholders of $175mm, or $0.22 per diluted

–

Includes $127mm pre-tax net impact of BOLI settlement and 3Q10 credit

actions described below

•

Pre-provision net revenue (PPNR)* of $760mm: $633mm excluding BOLI, driven

by strong NII growth and higher fees reflecting mortgage results

•

Return on average assets of 0.84%; return on average common equity of 6.8%

•

Strong

capital ratios: Tier 1 common 7.3%, Tier 1 ratio 13.9%, Total capital ratio

18.3%

* Pre-provision net revenue: net interest income plus noninterest income minus noninterest expense

Actual

Seq.

YOY

($ in millions)

3Q09

2Q10

3Q10

Average Balances

Commercial loans

$47,528

$44,331

$43,861

($470)

(1%)

($3,667)

(8%)

Consumer loans

32,532

32,642

32,756

114

224

Total loans & leases (excluding held-for-sale)

$80,060

$76,973

$76,617

($356)

($3,443)

(4%)

Core deposits

$69,871

$76,844

$75,202

($1,643)

(2%)

$5,331

Income Statement Data

Net interest income (taxable equivalent)

$874

$887

$916

$29

$42

Provision for loan and lease losses

952

325

457

132

40%

(495)

(52%)

Noninterest income

851

620

827

207

33%

(24)

(3%)

Noninterest expense

876

935

979

103

12%

Net Income (loss)

($97)

$192

$238

$46

24%

$335

Dividends on preferred stock

Diluted earnings after preferred dividends

($159)

$130

$175

$46

35%

$334

Pre-provision net revenue

$844

$567

$760

$193

34%

($84)

(10%)

Earnings per share, diluted

($0.20)

$0.16

$0.22

$0.06

38%

$0.42

Net interest margin

3.43%

3.57%

3.70%

13bps

27bps

Return on average assets

(0.34%)

0.68%

0.84%

16bps

24%

50bps

Financial summary

•

3Q10 earnings per share of $0.22, up 38% sequentially, demonstrating strong operating results and continued improvement

–

PPNR of $760mm increased 34% from 2Q10 due to strong mortgage banking net revenue and BOLI settlement

•

Strong net interest income and net interest margin performance

–

Average portfolio loans flat sequentially, with improved trends in C&I and consumer portfolios indicating favorable

production and loan balance trends

–

Average

core

deposits

year-over-year;

down

sequentially,

reflecting

lower

and

public

funds

balances

•

3Q10 credit actions (sale or transfer to held-for-sale of $1.2B in loans) reduced pre-tax income by ~$175mm through higher

provision expense

Net interest income

1.0%

2.0%

3.0%

4.0%

5.0%

3Q09

4Q09

1Q10

2Q10

3Q10

100

200

300

400

Spread (right axis)

Asset yield

Liability rate

NII and NIM (FTE)

•

Sequential trends in net interest income and net

interest margin (FTE) reflect CD runoff and

repricing, lower securities premium amortization,

and a mix shift towards higher-yielding loans

–

NII up $29 million, or 3%, sequentially and

up $42 million, or 5%, year-over-year

–

NIM up 13 bps sequentially and 27 bps

year-over-year

(bps)

* Represents purchase accounting adjustments included in net interest income.

Yields and rates

($mm)

•

Yield on interest-earning assets up 6 bps

sequentially and down 4 bps year-over-year

–

Average loan and lease yield down 1 bp

sequentially and up 12 bps versus prior year

•

Cost of interest-bearing liabilities down 10 bps

sequentially and down 38 bps versus prior year

3.43%

3.55%

3.63%

3.57%

3.70%

2.0%

2.5%

3.0%

3.5%

4.0%

3Q09

4Q09

1Q10

2Q10

3Q10

$450

$550

$650

$750

$850

$950

Net Interest Income (right axis)

PAA*

NIM

$901

$883

$874

$887

$916

Balance sheet

3Q09

4Q09

1Q10

2Q10

3Q10

Commercial Loans

Consumer Loans

3Q09

4Q09

1Q10

2Q10

3Q10

Demand

IBT/Savings/MMDA

Consumer CD/Core foreign

•

Extended $22 billion of new and renewed credit in 3Q10

•

C&I loans up 1% sequentially largely due to higher originations of ~$1.1

billion per month during the quarter

•

CRE loans down 4% sequentially and 14% from the previous year

•

Consumer loans flat sequentially and up 1% from the previous year

•

Warehoused residential mortgage loans held-for-sale were $2.1 billion at

quarter end

Flat QoQ; (4%) YoY

(2%) QoQ; +8% YoY

•

Core deposit to loan ratio of 98%, up from 87% in 3Q09

•

DDAs

flat sequentially and up 14% year-over-year

•

Retail average transaction deposits up 1% sequentially and 13% from the

previous year, driven by growth in savings, demand deposit, and money

market account balances

•

Commercial average transaction deposits down 4% sequentially, driven by

$1.2B decline in public funds balances

Average loan growth ($B)^

Average core deposit growth ($B)

Average wholesale funding ($B)

•

Reduced wholesale funding by $6.7 billion from the third quarter

of 2009

–

Non-core deposits down 4% sequentially and 40% from the previous year

–

Short term borrowings up 25% sequentially, although still very low levels,

and down 62% from the previous year

–

Long-term debt up 1% sequentially and 8% from the previous year

^ Excludes loans held-for-sale

Note: Numbers may not sum due to rounding

3Q09

4Q09

1Q10

2Q10

3Q10

Non-core deposits

ST borrowings

LT debt

Actual

Seq.

YOY

3Q09

2Q10

3Q10

($ in millions)

Service charges on deposits

$164

$149

$143

($6)

(4%)

($21)

(13%)

Corporate banking revenue

(7)

(8%)

11%

Mortgage banking revenue

140

114

232

118

104%

66%

Investment advisory services

10%

Card and processing revenue

(7)

(9%)

Gain on sale of processing unit

(6)

100%

Other noninterest income

312

195

110

128%

(117)

(38%)

Securities gain (losses), net

(4)

(50%)

(4)

(50%)

Securities gains, net -

non-qualifying hedges on MSRs

Noninterest income

$851

$620

$827

$ 207

33%

($24)

(3%)

Actual

($ in millions)

3Q09

2Q10

3Q10

Gain / (loss) on sale of loans

(1)

Commercial loans HFS FV adjustment

(30)

(7)

(9)

Gain / (loss) on sale of OREO properties

(22)

($13)

($29)

Total credit-related revenue

($45)

($14)

($40)

Noninterest income

•

Noninterest income of $827 million up $207 million, or 33%, compared with 2Q10 including $152 million BOLI

settlement; excluding BOLI, noninterest income of $633 million, up 12%, driven by mortgage banking revenue

–

Strength in mortgage banking net revenue largely driven by originations of $5.6 billion

•

Year-over-year decline driven by $244 million gain from the sale of our Visa, Inc. Class B common shares in 3Q09

•

OREO

write-downs,

negative

fair

value

adjustments,

and

gains/losses

loan

sales

recorded

other

noninterest

income continue to negatively impact noninterest income:

Noninterest income

Note: Numbers may not sum due to rounding

Noninterest expense

•

Noninterest expense of $979 million increased $44 million, or 5%, compared with 2Q10, driven by $25 million in

expense related to BOLI settlement and higher credit-related costs

–

Year-over-year increase impacted by BOLI settlement as well as growth in salaries, wages, and incentives due

to higher levels of production and investment in sales force expansion

•

Higher credit related expenses driven by repurchase reserve build/losses:

Note: Numbers may not sum due to rounding

Actual

Seq.

YOY

3Q09

2Q10

3Q10

($ in millions)

Salaries, wages and incentives

$335

$356

$360

$25

Employee benefits

13%

(1)

(1%)

Net occupancy expense

(1)

(1%)

(3)

(3%)

Technology and communications

10%

Equipment expense

(1)

(2%)

Card and processing expense

(6)

(19%)

Other noninterest expense

285

326

361

11%

27%

Noninterest expense

$876

$935

$979

$44

$103

12%

Actual

($ in millions)

3Q09

2Q10

3Q10

Mortgage repurchase expense

$11

$18

$45

Provision for unfunded commitments

(6)

(23)

Derivative valuation adjustments

OREO expense

Other work-out related expenses

Total credit-related operating expenses

$111

$55

$67

Pre-tax pre-provision earnings

Core PPNR trend

* Pre-provision net revenue (PPNR): net interest income plus noninterest income minus noninterest expense

•

Reported PPNR of $760 million up 34% from strong 2Q10 levels driven by strong net interest

income growth, higher fees reflecting mortgage results and litigation settlement

•

Adjusted PPNR of $634 million, due to adjustments totaling ($126) million, resulting in

adjusted sequential and year-over-year increases of 15% and 18%, respectively

•

Excluding the impact of credit-related adjustments ($107mm in 3Q10), PPNR up 19% versus

2Q10; up 7% versus 3Q09

Adjusted PPNR up 18%; Credit adjusted PPNR up 7%

Core PPNR reconciliation

3Q09

4Q09

1Q10

2Q10

3Q10

Reported PPNR

$844

$562

$568

$567

$760

Adjustments:

BOLI litigation settlement

(127)

Gain on sale of Visa shares

(244)

Gain from sale of processing interest

Divested merchant and EFT revenue

Securities gains/losses

(8)

(2)

(14)

(8)

(4)

Visa litigation reserve expense

(73)

Other litigation reserve expense

FTPS warrants and puts

(20)

(10)

Seasonal pension expense

Divested merchant and EFT expense (estimated)

Adjusted PPNR

$539

$562

$569

$552

$634

Credit Related Items:

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

Problem asset work-out expenses

111

Credit adjusted PPNR

$695

$665

$661

$621

$741

111

539

562

569

552

634

$100

$200

$300

$400

$500

$600

$700

$800

3Q09

4Q09

1Q10

2Q10

3Q10

Noninterest Expense Credit Items

Fee Income Credit Items

Adjusted

Strong capital position

^ Tangible common equity ratio excludes unrealized securities gains/losses after-tax.

Capital ratios remained strong during the quarter and increased from previous quarters.

6.7%

6.5%

6.4%

6.6%

6.7%

3Q09

4Q09

1Q10

2Q10

3Q10

Tangible common equity ratio^

7.0%

7.2%

7.3%

3Q09

4Q09

1Q10

2Q10

3Q10

Tier I common equity

9.8%

9.9%

10.0%

10.3%

10.5%

13.9%

13.2%

13.3%

13.4%

13.7%

10%

12%

14%

3Q09

4Q09

1Q10

2Q10

3Q10

Tier 1 Capital Ratio ex-TARP

Tier 1 Capital Ratio

Tier I capital ratio

Total risk-based capital ratio

14.0%

14.1%

14.6%

14.9%

18.3%

17.4%

17.5%

18.0%

10%

15%

20%

3Q09

4Q09

1Q10

2Q10

3Q10

Total RBC ratio ex-TARP

Total RBC ratio

Impact of portfolio actions

•

Residential mortgage loan sale

–

$228 million of balances sold

–

$205 million of balances were

nonaccrual

–

$123 million of NCO realized

•

Commercial HFS transfer

–

$961 million of balances

transferred

–

$694 million of balances were

nonaccrual

–

$387 million of NCO realized

•

Reserve reduction

–

Approximately $337 million related

to sale or transfer of loans to held-

for-sale

Residential mortgages sold

Balances

NCO

Florida

$141

$72

Ohio

Illinois

Michigan

Indiana

Other

Total

$228

$123

Commercial HFS transfers -

O/S

Florida

Michigan

Other

Total

Commercial mortgage

$174

$45

$267

$486

Commercial construction

123

167

C&I

219

308

Total

$257

$95

$609

$961

Commercial HFS transfers -

nonaccruals

Florida

Michigan

Other

Total

Commercial mortgage

$106

$38

$183

$327

Commercial construction

129

C&I

154

238

Total

$187

$84

$423

$694

Commercial HFS transfers -

NCO

Florida

Michigan

Other

Total

Commercial mortgage

$75

$20

$107

$202

Commercial construction

C&I

108

Total

$121

$36

$230

$387

Net charge-off

composition

Credit

Actions

Remaining

Portfolio

Total

Consumer

$123

$206

$329

Commercial

387

240

627

Total

$510

$446

$956

Actual

Seq.

YOY

($ in millions)

3Q09

2Q10

3Q10

C&I

$256

$104

$237

$133

128%

($19)

(7%)

Commercial mortgage

118

268

190

244%

150

127%

Commercial construction

126

121

181%

(5)

(4%)

Commercial lease

Commercial

$500

$225

$627

$402

179%

$127

25%

Residential mortgage loans

204

119

140%

112

122%

Home equity

(14)

(18%)

Automobile

(3)

(15%)

(17)

(50%)

Credit card

(6)

(14%)

(9)

(20%)

Other consumer

20%

Consumer

$256

$209

$329

$120

57%

$73

29%

Total net charge-offs

$756

$434

$956

$522

120%

$200

26%

Net charge-offs

Net charge-offs by loan type

Net charge-offs by geography

Net charge-offs ($mm)

Overall credit results reflect effects of 3Q credit actions;

trends otherwise relatively stable

$mm

Commercial

$627

66%

Consumer

329

34%

Total

$956

100%

NCOs

due to

3Q10

credit

actions

500

468

342

225

240

256

240

209

206

$200

$400

$600

$800

$1,000

3Q09

4Q09

1Q10

2Q10

3Q10

Commercial

Consumer

$756

$708

$582

$434

$956

Nonperforming assets*

•

NPAs

of $2.1B excluding held-for-sale

•

Commercial NPAs

of $1.6B, down 29% from

the previous quarter

–

Homebuilder/developer NPAs

$280mm; represent 17% of total NPAs

•

Consumer NPAs

of $478mm, down 31% from

the previous quarter

•

NPAs

in held-for-sale of $699mm

C&I / Lease

$632mm, 30%

CRE

$972mm, 47%

Residential

$402mm, 19%

Other Consumer

$76mm, 4%

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

NORTH

CAROLINA

OTHER /

NATIONAL

* NPAs

exclude loans held-for-sale.

Non-performing assets ($mm)

Non-performing assets continue to improve

$3,220

$3,244

$3,129

$2,969

$2,082

NPL Rollforward

Commercial

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

Beginning NPL Amount

1,406

1,937

2,110

2,430

2,392

2,172

1,980

New nonaccrual loans

799

544

832

602

405

310

290

Paydowns, payoffs, sales and net other activity

(157)

(190)

(246)

(332)

(425)

(401)

(631)

Charge-offs

(111)

(181)

(266)

(308)

(200)

(100)

(379)

Ending Commercial NPL

1,937

2,110

2,430

2,392

2,172

1,980

1,261

Consumer

Q109

Q209

Q309

Q409

Q110

Q210

Q310

Beginning NPL Amount

457

459

477

517

555

561

550

New nonaccrual loans

157

125

160

152

137

205

157

Net other activity

(155)

(107)

(120)

(114)

(131)

(216)

(384)

Ending Consumer NPL

459

477

517

555

561

550

323

Total NPL

2,396

2,587

2,947

2,733

2,530

1,584

Total new nonaccrual loans

956

669

992

754

542

515

447

Non-performing loans

Non-performing loans ($mm)

$2.9B

$2.7B

Non-performing loans improving with lower

severity mix; benefit of sale/transfer

$2.5B

Fifth Third’s non-performing loan inflows (relative to loans) were higher

than peers throughout 2008. More recently, FITB inflows have been lower

than peers and generally in the top quartile.

FITB NPL inflows (relative to loans) vs. peers

FITB

Peers include: BAC, BBT, C, CMA, HBAN, JPM, KEY, MI, MTB, PNC, RF, STI, USB, and WFC

New non-performing loan flows ($mm)

NPL flows have declined significantly

$1.6B

Troubled debt restructurings (TDR) overview

Successive improvement in vintage performance during 2008

and 2009, even as volume of modification increased

Fifth

Third’s

mortgage

portfolio

TDRs

have

redefaulted

at a

lower rate than other bank held portfolio modifications

—

Fifth Third’s TDRs

are about a third less likely to

redefault

than modifications on GSE mortgages

Of $1.8B in consumer TDRs, $1.65B were on accrual status

and $175M were nonaccruals

—

$1.0

billion

TDRs

are

current

and

have

been

the

books 6 or more months; within that, over $700 million

of TDRs

are current and have been on the books for

more than a year

As current TDRs

season, their default propensity declines

significantly

—

We do not typically see significant defaults on current

loans once a vintage approaches 12 months since

modification

TDR performance has improved in newer vintages

Outperforming redefault

benchmarks

Source: Fifth Third and OCC/OTS data; data through 1Q10 industry data cumulative through 1Q10 (starting point altered to conform with current OCC reporting)

Mortgage TDR 60+ redefault

trend by vintage

1Q08 $69

2Q08 $135

3Q08 $146

4Q08 $176

1Q09 $221

2Q09 $257

Months since modification

Mortgage TDR 60+ redefault

rate: Fifth Third comparison

(January 1, 2009 through March 2010)

Fannie Mae

Industry

portfolio loans

Fifth Third

Volume by

vintage ($mm)

Freddie Mac

3Q09 $386

Current consumer TDRs

(%)

4Q09 $153

$1.0

billion

2008

2009

1Q10 $156

Strong relative credit trends

Source: SNL and company reports. NPA and NCO ratios exclude loans held-for-sale and covered assets for peers where appropriate.

* 4Q08 net charge-offs included $800mm in NCOs related to commercial losses moved to held-for-sale; 3Q10 net charge-offs included $510mm in NCOs related to loans

sold or moved to held-for-sale

FITB

credit

metrics

were

higher

than

peers

but

are

now

generally

better

than peers

NPA ratio vs. peers

0.5%

1.5%

2.5%

3.5%

4.5%

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

FITB

Peer Average

Net charge-off ratio vs. peers*

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

FITB

Peer Average

Loans 90+ days delinquent % vs. peers

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1.6%

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

FITB

Peer Average

Loans 30-89 days delinquent % vs. peers

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

FITB

Peer Average

(7.5%)

(HFS transfer)

3.80%

Before credit

actions

2.33%

Before credit

actions

Strong reserve position

Source: SNL and company reports. NPAs/NPLs

exclude held-for-sale portion for all banks as well as covered assets for BBT, USB, and ZION.

3Q10 coverage ratios are strong

relative to peers (2Q10)

$756

$708

$582

$434

$956

$196

$68

($109)

($499)

4.69%

4.88%

4.91%

4.85%

4.20%

-2.00%

-1.00%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

3Q09

4Q09

1Q10

2Q10

3Q10

($600)

($400)

($200)

$200

$400

$600

$800

$1,000

$1,200

Net Charge-offs

Additional Provision

Reserves

Industry leading reserve levels

Fifth Third

(3Q10)

Peer Average

(2Q10)

99%

Reserves / NPLs

202%

85%

Reserves / NPAs

153%

Updated credit loss expectations vs. SCAP scenarios

$4.1B

$5.0B

$2.8B

2010 full year

charge-off

expectations

(October 2010)

Realized credit losses have been significantly below SCAP submissions; 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.

Actual

$2.6B

Actual

$2.7B

Fifth Third

capitalized for this

level of credit 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

–

Economic and credit market

conditions are much

improved versus those

expected in spring 2009

2010 full year charge-off

expectations (as of October 2010)

–

Our current expectation is for

2010 losses to be lower than

2009

$2.9B

$1,500

$1,750

$2,000

$2,250

$2,500

$2,750

$3,000

$3,250

$3,500

$3,750

$4,000

$4,250

$4,500

$4,750

$5,000

$5,250

$5,500

2008

2009

2010

Included $800mm

related to 4Q08

credit actions

Included $510mm

related to 3Q10

credit actions

Well-positioned for changed financial landscape

Fifth Third’s business model is driven by traditional banking activities

—

Making loans, taking deposits, treasury management

—

Largest bank headquartered within core Midwest footprint

—

No significant business at Fifth Third impaired during crisis; core business activities

not generally limited by financial reform

—

Didn’t/don’t originate/sell CDOs

or securitize loans on behalf of others; no mortgage

securitizations outstanding (except <$150 million HELOC from 2003)

—

Didn’t/don’t originate/sell subprime mortgages or Option ARMs

—

De minimis

market making in derivatives

—

De minimis

proprietary trading

—

Small private equity portfolio <$100 million (holding company subsidiary)

—

Low level of financial system “interconnectedness”

(e.g., Fifth Third loss in Lehman

bankruptcy should be less than $2 million)

—

Daily VaR

less than $500 thousand

While financial reform will be costly, expect financial reform to create new opportunities for

banking industry through re-intermediation

Fifth Third’s businesses have performed well through the crisis, and

we expect to continue capitalizing on our strong competitive position

as the landscape evolves further toward our traditional strengths

Appendix

Potential impact of key elements of Dodd-Frank Act

and other recent financial legislation*

Scope of activity

Potential impact**

Volcker Rule /

Derivatives

•

Vast majority of derivatives activities are exempted

(FITB generally not a market maker)

•

Any proprietary trading de minimis

•

“P/E”

fund investments <$100mm (<1% of Tier 1

capital)

•

Expect minimal financial impact from loss of existing

revenue

•

Potentially higher compliance costs despite small levels

of non-exempt activities

Debit

Interchange

(Durbin

Amendment)

•

LTM^ debit interchange revenue of $197mm

•

LTM debit interchange $ volume: $15.3B

–

Signature $11.9B, PIN $3.4B

•

LTM debit interchange transaction volume:

422mm

–

Signature 337mm, PIN 85mm

•

Will

not

know

what

“reasonable”

and

“proportional”

mean

until after Fed study

•

Each 10 bps reduction in overall interchange rates would

represent ~$15mm revenue impact annually, before

effect of mitigation

•

Additional follow-on effects on industry debit card

payments business could result from changes

Deposit

Insurance

•

Current assessed base (Deposits): ~$80B

•

Proposed assessed base (Assets-TE): ~$97B

•

FITB percentage share of new industry assessment

base lower than its percentage share of old base (due

to lower reliance on wholesale funding)

•

Don’t know assessment rates on new base

•

DIF reserve target increase to 1.35% from 1.15%

–

May be achieved from banks >$50B through higher

annual assessments or longer period of elevated

assessments

Reg. E

•

Requires

customers

“opt-in”

allow

non-recurring

electronic overdrafts (e.g. debit, ATM) from accounts

•

Estimated $15-20mm per quarter ($60-80mm

annualized) reduction to deposit service charges, before

effect of mitigation

Potential impact of these and other elements of financial regulatory reform, such as CFPA activities and many other

aspects, are unknown at this time

TRUPs

exclusion

(Collins

Amendment)

•

~280 bps of non-common Tier 1 capital in capital

structure

•

>300 bps of non-common Tier 1 currently

–

Likely more than needed post-Basel III

•

3-year transition period begins 2013

•

Will manage capital structure to desired composition

* Based on current understanding of legislation. ** Potential impact, as noted above, is not intended to be inclusive of all potential impacts that may result from implementation

of legislation. Please refer also to cautionary statement.

^ LTM = last twelve months

Balance Sheet:

Average loans & leases (incl. HFS)

Average core deposits

Income Statement:

Net interest income*

Net interest margin*

Noninterest income

Noninterest expense

Pre-provision net revenue

Asset Quality:

Net charge-offs

Loan loss allowance

Nonperforming assets^

Capital Ratios:

Tier I common equity

Tier I leverage

Tier I capital

Total risk-based capital

Category

Fifth Third: Fourth quarter 2010 outlook

4Q10 Outlook

$78.9 billion

$75.2 billion

$916 million

3.70%

$827 million

$979 million

$760 million

$956 million

$3.2 billion (4.20%)

$2.1 billion (2.72%)

7.3%

12.5%

13.9%

18.3%

Relatively Flat

CD run off, transaction deposit

growth

Relatively flat

Stable

~$650mm range +/-

Relatively stable

~$580mm range +/-

< $400mm, 2% of loans

Lower

Generally stable

Organic growth

Please see cautionary statement for risk factors related to forward-looking statements.

* Presented on a fully-taxable equivalent basis.

^ Ratios as a percent of loans excluding held-for-sale; allowance expectation assumes current expectation for credit and economic trends and is subject to review at quarter-end.

3Q10 Actual

Results

Outlook as of October 21, 2010

Strong liquidity profile

Retail Brokered CD maturities: $254mm in 2010; $31mm in 2011

FHLB borrowings $2.6B

9/30 unused avail. capacity $25B ($18.7B in Fed and $5.8B in FHLB)

Holding Company cash at 9/30/10: $1.2B

—

Total Fed deposits ~$2.9B

Expected cash obligations over the next 12 months (assuming no

TARP repayment)

—

$0 debt maturities

—

~$32mm common dividends

—

~$205mm preferred dividends (~$35mm Series G, ~$170mm TARP)

—

~$365mm interest and other expenses

Cash currently sufficient to satisfy all fixed obligations* for more than

2.5 years without accessing capital markets/subsidiary dividends/asset

sales

Bank

unsecured

debt

maturities

($mm

–

excl.

Brokered

CDs)

Heavily core funded

Holding company unsecured debt maturities ($mm)

* Debt maturities, common and preferred dividends, interest and other expenses

S-T

wholesale

Non-performing assets and net charge-offs:

Product view*

Total NPAs

Total NCOs

* NPAs

exclude loans held-for-sale.

500

1,000

1,500

2,000

2,500

3,000

3,500

3Q09

4Q09

1Q10

2Q10

3Q10

NCOs on

loans sold

or moved

to held-for-

sale in

3Q10

200

400

600

800

1,000

3Q09

4Q09

1Q10

2Q10

3Q10

Total NPAs

Total NCOs

Non-performing assets and net charge-offs:

Geographic view*

* NPAs

exclude loans held-for-sale.

NCOs on

loans sold

or moved

to held-for-

sale in

3Q10

500

1,000

1,500

2,000

2,500

3,000

3,500

3Q09

4Q09

1Q10

2Q10

3Q10

Commercial & industrial*

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & industrial loans represented 35% of total loans

and 25% of net charge-offs including portfolio actions

•

Held for investment portfolio:

–

29% of net charge-offs

–

41% of 3Q10 losses on loans to companies in real estate

related industries

–

Loans to real estate related industries of $3.0B; 3Q10

NCO ratio of 7.0%

–

FL represented 4% of 3Q10 losses, 6% of loans; MI

represented 8% of losses, 14% of loans

* NPAs

exclude loans held-for-sale.

# Excluding losses on loans transferred to held-for-sale in 3Q10

($ in millions)

3Q09

4Q09

1Q10

2Q10

3Q10

3Q10#

Balance

$26,175

$25,683

$26,131

$26,008

$26,302

90+ days delinquent

$256

$118

$63

$49

$28

as % of loans

0.98%

0.46%

0.24%

0.19%

0.11%

NPAs

$790

$781

$788

$792

$594

as % of loans

3.02%

3.04%

3.02%

3.05%

2.26%

Net charge-offs

$256

$183

$161

$104

$237

$129

as % of loans

3.70%

2.81%

2.48%

1.58%

3.57%

1.94%

C&I

Commercial mortgage*

Loans by geography

Credit trends

Loans by industry

Comments

* NPAs

exclude loans held-for-sale.

# Excluding losses on loans transferred to held-for-sale in 3Q10

•

Commercial mortgage loans represented 14% of total loans

and 28% of net charge-offs including portfolio actions

•

Held for investment portfolio:

–

15% of net charge-offs

–

Owner occupied 3Q10 NCO ratio of 1.6%, other non-

owner occupied 3Q10 NCO ratio of 2.9%

–

Loans from FL/MI represented 38% of portfolio loans,

66% of portfolio losses in 3Q10

($ in millions)

3Q09

4Q09

1Q10

2Q10

3Q10

3Q10#

Balance

$12,105

$11,803

$11,744

$11,481

$10,985

90+ days delinquent

$184

$59

$44

$53

$29

as % of loans

1.52%

0.50%

0.38%

0.46%

0.26%

NPAs

$968

$985

$1,002

$956

$679

as % of loans

8.00%

8.34%

8.53%

8.33%

6.19%

Net charge-offs

$118

$142

$99

$78

$268

$66

as % of loans

3.82%

4.69%

3.42%

2.68%

9.34%

2.30%

Commercial mortgage

Fifth

Third

Bank

All

Rights

Reserved

Commercial construction*

Loans by geography

Credit trends

Loans by industry

Comments

* NPAs

exclude loans held-for-sale.

# Excluding losses on loans transferred to held-for-sale in 3Q10

•

Commercial construction loans represented 3% of total loans

and 13% of net charge-offs including portfolio actions

•

Held for investment portfolio:

–

10% of net charge-offs

–

Loans from FL/MI represented 29% of portfolio loans,

21% of portfolio losses in 2Q10

($ in millions)

3Q09

4Q09

1Q10

2Q10

3Q10

3Q10#

Balance

$4,147

$3,784

$3,277

$2,965

$2,349

90+ days delinquent

$168

$16

$37

as % of loans

4.04%

0.44%

0.28%

1.24%

0.21%

NPAs

$751

$707

$569

$482

$291

as % of loans

18.11%

18.68%

17.36%

16.26%

12.40%

Net charge-offs

$126

$135

$78

$43

$121

$44

as % of loans

11.56%

13.28%

8.57%

5.46%

16.58%

5.99%

Commercial construction

Homebuilders/developers*

Loans by geography

Credit trends

Loans by industry

Comments

•

Originations of builder/developer loans suspended in 2007

•

Remaining

portfolio

balance

$824mm,

down

76%

from

peak

of $3.3B in 2Q08, represents approximately 1% of total loans

and 2% of commercial loans

•

Held for investment portfolio:

–

$32mm of NCOs, down $16mm sequentially (52%

commercial mortgage, 43% commercial construction,

5% C&I)

–

$280mm of NPAs, down $151mm sequentially (60%

commercial mortgage, 31% commercial construction,

9% C&I)

* NPAs

exclude loans held-for-sale.

# Excluding losses on loans transferred to held-for-sale in 3Q10

($ in millions)

3Q09

4Q09

1Q10

2Q10

3Q10

3Q10#

Balance

$1,846

$1,563

$1,324

$1,207

$824

90+ days delinquent

$79

$19

$12

as % of loans

4.29%

1.19%

0.43%

1.03%

0.37%

NPAs

$600

$548

$520

$431

$280

as % of loans

32.51%

35.09%

39.28%

35.68%

33.97%

Net charge-offs

$108

$110

$81

$48

$127

$32

as % of loans

21.92%

26.25%

22.89%

15.01%

48.74%

12.25%

Homebuilders/developers

Residential mortgage

liens:

100%

;

weighted

average

LTV:

78%

Weighted average origination FICO: 731

Origination FICO distribution: <660 10%; 660-689 7%; 690-719

11%;

720-749

14%;

750+

32%;

Other

25%

(note: loans <660 includes CRA loans and FHA/VA loans)

Origination LTV distribution: <=70 28%; 70.1-80 40%; 80.1-90

10%; 90.1-95 5%; >95% 16%

Vintage distribution: 2010 4%; 2009 6%; 2008 13%; 2007 15%;

2006 15%; 2005 24%; 2004 and prior 23%

% through broker: 14%; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

24%

10%

Other /

National

10%

24%

15%

^ Includes acquired loans where FICO at origination is not available

#Excluding losses on loans sold in 3Q10

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.

•

Residential mortgage loans represented 10% of total loans

and 21% of net charge-offs

•

Held for investment portfolio:

–

18% of net charge offs

–

FL portfolio 24% of residential mortgage loans driving

62% of portfolio losses

–

FL lots ($210mm) running at 38% annualized loss rate

(YTD)

($ in millions)

3Q09

4Q09

1Q10

2Q10

3Q10

3Q10#

Balance

$8,229

$8,035

$7,918

$7,707

$7,975

90+ days delinquent

$198

$189

$157

$107

$111

as % of loans

2.41%

2.35%

1.98%

1.38%

1.39%

NPAs

$484

$523

$521

$549

$328

as % of loans

5.89%

6.51%

6.57%

7.12%

4.11%

Net charge-offs

$92

$78

$88

$85

$204

$81

as % of loans

4.38%

3.82%

4.46%

4.35%

10.37%

4.10%

Residential mortgage

Home equity

liens: 30%; 2

liens: 70%

Weighted average origination FICO: 748

Origination FICO distribution: <660 4%; 660-689 7%; 690-719 13%;

720-749 17%; 750+ 49%; Other 11%

Average CLTV: 75% Origination CLTV distribution: <=70 39%; 70.1-

80 22%; 80.1-90 18%; 90.1-95 7%; >95 14%

Vintage distribution: 2010 2%; 2009 5%; 2008 11%; 2007 11%; 2006

16%; 2005 15%; 2004 and prior 40%

% through broker channels: 15% WA FICO: 734 brokered, 751 direct;

WA CLTV: 88% brokered; 72% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

Home equity loans represented 15% of total loans and 7% of net

charge-offs

Approximately 15% of portfolio in broker product driving

approximately 40% total loss

Approximately

one

third

Fifth

Third

liens

are

behind

Fifth

Third

liens

2005/2006 vintages represent 30% of portfolio; account for 56% of

losses

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

($ in millions)

3Q09

4Q09

1Q10

2Q10

3Q10

Balance

$2,028

$1,948

$1,906

$1,838

$1,770

90+ days delinquent

$38

$33

$29

$26

as % of loans

1.87%

1.72%

1.53%

1.57%

1.46%

Net charge-offs

$30

$34

$30

$24

$26

as % of loans

5.96%

7.02%

6.45%

5.29%

5.87%

Home equity -

brokered

($ in millions)

3Q09

4Q09

1Q10

2Q10

3Q10

Balance

$10,349

$10,226

$10,280

$10,149

$10,004

90+ days delinquent

$66

$65

$60

$61

as % of loans

0.64%

0.58%

0.60%

0.61%

Net charge-offs

$49

$48

$43

$37

$40

as % of loans

1.89%

1.85%

1.68%

1.45%

1.57%

Home equity -

direct

Fifth

Third

Bank

All

Rights

Reserved

Florida market*

Deterioration in real estate values having effect on credit trends as evidenced by increased NPA/NCOs in real estate related products

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

*NPAs

exclude loans held-for-sale.

Excluding

losses

loans

transferred

held-for-sale

3Q10

NCOs #

Loans ($B)

% of

FITB

NPAs

($mm)

% of

FITB

NCOs

($mm)

% of

FITB

NCOs#

($mm)

% of

FITB

Commercial loans

1.6

10%

16%

Commercial mortgage

1.4

13%

163

24%

35%

34%

Commercial construction

0.4

16%

103

35%

23%

16%

Commercial lease

0.0

59%

Commercial

3.4

327

20%

159

25%

16%

Mortgage

1.9

24%

146

45%

124

61%

62%

Home equity

0.9

16%

Auto

0.5

Credit card

0.1

10%

Other consumer

0.0

26%

11%

Consumer

3.4

10%

158

33%

140

42%

33%

Total

6.8

485

23%

300

31%

107

24%

Florida

Fifth

Third

Bank

All

Rights

Reserved

Michigan market*

Deterioration in home price values coupled with weak economy impacting credit trends due to frequency of defaults and severity

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

*NPAs

exclude loans held-for-sale.

Excluding

losses

loans

transferred

held-for-sale

3Q10

NCOs #

Loans ($B)

% of

FITB

NPAs

($mm)

% of

FITB

NCOs

($mm)

% of

FITB

NCOs#

($mm)

% of

FITB

Commercial loans

3.8

14%

141

24%

13%

15%

Commercial mortgage

2.9

26%

182

27%

14%

32%

Commercial construction

0.3

13%

12%

Commercial lease

0.2

17%

60%

Commercial

7.2

17%

365

23%

13%

18%

Mortgage

1.2

15%

12%

Home equity

2.5

21%

26%

25%

Auto

1.0

18%

Credit card

0.3

16%

20%

17%

Other consumer

0.1

13%

16%

Consumer

5.0

15%

16%

13%

17%

Total

12.2

16%

439

21%

123

13%

18%

Michigan