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): January 19, 2011

(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 2.02 Results of Operations and Financial Condition

On January 19, 2011, Fifth Third Bancorp issued a press release and its quarterly and annual financial supplements announcing its earnings release for the fourth quarter of 2010. A copy of this press release and its quarterly and annual financial supplements are attached as Exhibits 99.1, 99.3 and 99.4, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits 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 7.01 Regulation FD Disclosure

On January 19, 2011, Fifth Third Bancorp issued a press release and its quarterly and annual financial supplements announcing its earnings release for the fourth quarter of 2010. A copy of this press release and its quarterly and annual financial supplements are attached as Exhibits 99.1, 99.3 and 99.4, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits 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.

For the benefit of its investors, Fifth Third Bancorp is furnishing information regarding its earnings conference call and certain information regarding its portfolio of loans and leases. Copies of these items are attached as Exhibits 99.2 and 99.5, respectively. The information in this Form 8-K and Exhibits 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 – Press Release dated January 19, 2011

Exhibit 99.2 – Fourth Quarter Earnings Conference Call

Exhibit 99.3 – Quarterly Financial Supplement

Exhibit 99.4 – Annual Financial Supplement

Exhibit 99.5 – Fourth Quarter 2010 Portfolio Loan and Lease Stratifications

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)
January 19, 2011	/s/ Daniel T. Poston
	Daniel T. Poston
	Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

		News Release
CONTACTS:	Jim Eglseder (Investors)	FOR IMMEDIATE RELEASE
	(513) 534-8424	January 19, 2011
	Rich Rosen, CFA (Investors)
	(513) 534-3307
	Debra DeCourcy, APR (Media)
	(513) 579-4153

FIFTH THIRD BANCORP ANNOUNCES 2010 NET INCOME OF $753 MILLION

Fourth quarter net income of $333 million up 40 percent, earnings per share of $0.33 up 50

percent from third quarter 2010

• 4Q10 net income of $333 million versus 3Q10 net income of $238 million, up 40 percent

• 4Q10 net income available to common shareholders of $270 million, or $0.33 per diluted share, up 50 percent

• Return on average assets 1.18 percent; return on average common equity 10.4 percent

• Pre-provision net revenue (PPNR)* of $583 million; results included $21 million of investment portfolio securities gains and $17 million charge related to early extinguishment of debt

• Overall credit results reflect effects of 3Q credit actions; trends otherwise remained stable or improving

• Net charge-offs of $356 million (1.86 percent of loans and leases) vs. 3Q10 NCOs of $956 million (3Q10 included $510 million on the sale or transfer of loans to held-for-sale and $446 million of losses on remaining loan portfolio)

• Total NPAs of $2.5 billion including held-for-sale declined $313 million or 11 percent sequentially to lowest level since 2008

• NPA ratio of 2.79 percent down 143 bps, NPL ratio of 2.15 percent down 167 bps from 4Q09; nonperformers increased modestly on a sequential basis due to effect of 3Q10 actions on 4Q10 charge-offs of nonperforming loans (stable inflows but lower outflows)

• NPL inflows remained stable sequentially at $467 million; down 43% from 4Q09

• Total delinquencies (includes loans and leases 30-89 days past due and 90 days past due) declined 7 percent sequentially to lowest level since 1Q07

• Sold (or received payments on) a majority of commercial loans transferred to held-for-sale in 3Q10

• Provision expense of $166 million

• Loan loss allowance of 3.88 percent of loans, 138 percent of nonperforming assets and 179 percent of nonperforming loans and leases

• Period end loans and leases up $1.5 billion sequentially, or 2 percent; average loans and leases, including loans held-for-sale, up $294 million sequentially with growth in residential mortgage, auto, and C&I

• Strong capital ratios; exceed Basel III proposed standards

• Tier 1 common ratio 7.50 percent, up 16 bps sequentially; Tier 1 ratio 13.94 percent, up 9 bps; Total capital ratio 18.14 percent, down 14 bps

• Tangible common equity ratio of 7.04 percent excluding unrealized gains/losses; 7.30 percent including unrealized gains/losses

• Book value per share of $13.06; tangible book value per share of $9.94

• Extended $26 billion of new and renewed credit in the fourth quarter

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

Fifth Third Bancorp (Nasdaq: FITB) today reported full year 2010 net income of $753 million compared with net income of $737 million in 2009. 2010 net income available to common shareholders was $503 million or $0.63 per diluted share compared with 2009 net income of $511 million or $0.67 per diluted share. 2009 earnings benefited from a $1.1 billion after-tax gain on the processing business sale.

Fourth quarter 2010 net income was $333 million, compared with net income of $238 million in the third quarter and a net loss of $98 million in the fourth quarter of 2009. After preferred dividends, fourth quarter 2010 net income available to common shareholders was $270 million or $0.33 per diluted share, compared with third quarter net income of $175 million or $0.22 per diluted share, and a net loss of $160 million or $0.20 per diluted share in the fourth quarter of 2009.

Fourth quarter 2010 results included a $17 million charge related to the early extinguishment of $1.0 billion in FHLB borrowings and $21 million of investment portfolio securities gains. Third quarter 2010 net income included a pre-tax benefit, net of expenses, of $127 million from the settlement of litigation related to a bank-owned life insurance (BOLI) policy. Third quarter 2010 results also included the effect of actions taken to reduce credit risk. During the third quarter, $228 million of residential mortgage loans, largely nonperforming, were sold for $105 million, generating $123 million of additional net charge-offs. Additionally, $961 million of commercial loans were transferred to held-for-sale, a majority of which were nonperforming, generating $387 million of additional net charge-offs to mark the loans to estimated sales price. These actions resulted in total net charge-offs of $510 million and a reduction in Fifth Third’s allowance for loan and lease losses of approximately $337 million. Fourth quarter 2009 results included the benefit of a $20 million pre-tax mark-to-market adjustment on warrants related to the processing business sale, recorded in other noninterest income, and a $22 million pre-tax litigation reserve accrual recorded in other noninterest expense for litigation associated with bank card association membership.

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Earnings Highlights

	For the Three Months Ended															% Change
	December 2010			September 2010			June 2010			March 2010			December 2009			Seq			Yr/Yr
Earnings ($ in millions)
Net income (loss) attributable to Bancorp	$	333		$	238		$	192		($	10	)	($	98	)		40	%		NM
Net income (loss) available to common shareholders	$	270		$	175		$	130		($	72	)	($	160	)		54	%		NM
Common Share Data
Earnings per share, basic		0.34			0.22			0.16			(0.09	)		(0.20	)		55	%		NM
Earnings per share, diluted		0.33			0.22			0.16			(0.09	)		(0.20	)		50	%		NM
Cash dividends per common share		0.01			0.01			0.01			0.01			0.01			—			—
Financial Ratios
Return on average assets		1.18	%		0.84	%		0.68	%		(.04	%)		(.35	%)		40	%		NM
Return on average common equity		10.4			6.8			5.2			(3.0	)		(6.3	)		53	%		NM
Tier I capital		13.94			13.85			13.65			13.39			13.30			1	%		5	%
Tier I common equity		7.50			7.34			7.17			6.96			6.99			2	%		7	%
Net interest margin (a)		3.75			3.70			3.57			3.63			3.55			1	%		6	%
Efficiency (a)		62.6			56.2			62.1			62.5			63.1			11	%		(1	%)
Common shares outstanding (in thousands)		796,273			796,283			796,320			794,816			795,068			—			—
Average common shares outstanding
(in thousands):
Basic		791,072			791,017			790,839			790,473			790,442			—			—
Diluted		836,225			797,492			802,255			790,473			790,442			5	%		6	%

(a) Presented on a fully taxable equivalent basis

NM: Not Meaningful

“This quarter’s earnings results continued to reflect improvements across the board,” said Kevin Kabat, president and CEO of Fifth Third Bancorp. “Net income of $333 million increased 40 percent from last quarter and EPS increased 50 percent. Return on assets (ROA) was 1.18 percent and return on average common equity (ROE) was 10.4 percent. We expect these returns to be lower in the first quarter of 2011 due to seasonality and a higher effective tax rate, but we currently expect ROA to meet or exceed approximately 1 percent next quarter, with second quarter ROA similar to this quarter’s levels. We expect returns on assets and equity to improve further in the longer term as a result of balance sheet growth, related efficiencies, lower credit costs, and a more robust economic environment.

Operating performance in the fourth quarter outpaced expectations, with pre-provision net revenue of $583 million. We saw a noticeable pick-up in loan production and loan balances increased $1.5 billion, the strongest organic growth we’ve seen in nearly three years. Low-cost deposit growth remained strong.

Credit trends continue to reflect underlying improvements. Net charge-offs dropped below 2 percent for the first time since 2Q08. Total nonperforming assets including loans held-for-sale declined 11 percent, as expected. Nonaccrual inflows continue to be at much lower levels than earlier in 2010 and in 2009 and that is expected to continue. Loan loss reserve coverage levels remain very strong, at 3.88 percent of loans, 179 percent of NPLs, and 138 percent of NPAs. We currently expect first quarter net charge-offs to be consistent with the fourth quarter, and for nonperforming assets and nonperforming loans to decline. We also expect provision expense to be lower than charge-offs and for reserve levels to continue to trend down, given our expectation of a stable to improving economic environment and credit trends.

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Our capital levels are strong and we expect to readily meet and exceed proposed standards as they come into effect. We will manage our capital and its composition through an appropriate balancing of capital standards and our targets; our expectation that capital will continue to build through profitable results; and the distribution of capital to shareholders given our future capital generation and desired capital levels as well as regulatory expectations.

While the financial landscape and financial regulation continue to evolve, we believe our strengths in traditional lending and deposit-taking activities, and our strong customer service position us very well to compete and succeed in the future.”

Income Statement Highlights

	For the Three Months Ended												% Change
	December 2010		September 2010		June 2010		March 2010			December 2009			Seq			Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	919	$	916	$	887	$	901		$	883			—			4	%
Provision for loan and lease losses		166		457		325		590			776			(64	%)		(79	%)
Total noninterest income		656		827		620		627			651			(21	%)		1	%
Total noninterest expense		987		979		935		956			967			1	%		2	%
Income (loss) before income taxes (taxable equivalent)		422		307		247		(18	)		(209	)		38	%		NM
Taxable equivalent adjustment		5		4		5		4			5			25	%		—
Applicable income taxes		83		65		50		(12	)		(116	)		28	%		NM
Net Income (loss)		334		238		192		(10	)		(98	)		40	%		NM
Less: Net Income (loss) attributable to noncontrolling interest		1		—		—		—			—			—			—
Net income (loss) attributable to Bancorp		333		238		192		(10	)		(98	)		40	%		NM
Dividends on preferred stock		63		63		62		62			62			—			—
Net income (loss) available to common shareholders		270		175		130		(72	)		(160	)		54	%		NM
Earnings per share, diluted	$	0.33	$	0.22	$	0.16	($	0.09	)	($	0.20	)		50	%		NM

NM: Not Meaningful

Net Interest Income

	For the Three Months Ended															% Change
	December 2010			September 2010			June 2010			March 2010			December 2009			Seq			Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,109		$	1,130		$	1,121		$	1,147		$	1,148			(2	%)		(3	%)
Total interest expense		190			214			234			246			265			(11	%)		(28	%)
Net interest income (taxable equivalent)	$	919		$	916		$	887		$	901		$	883			—			4	%
Average Yield
Yield on interest-earning assets		4.52	%		4.57	%		4.51	%		4.62	%		4.61	%		(1	%)		(2	%)
Yield on interest-bearing liabilities		1.04	%		1.13	%		1.23	%		1.29	%		1.39	%		(8	%)		(25	%)
Net interest rate spread (taxable equivalent)		3.48	%		3.44	%		3.28	%		3.33	%		3.22	%		1	%		8	%
Net interest margin (taxable equivalent)		3.75	%		3.70	%		3.57	%		3.63	%		3.55	%		1	%		6	%
Average Balances ($ in millions)
Loans and leases, including held for sale	$	79,148		$	78,854		$	78,807		$	80,136		$	79,920			—			(1	%)
Total securities and other short-term investments		18,066			19,309			20,891			20,559			18,869			(6	%)		(4	%)
Total interest-bearing liabilities		72,657			75,076			76,415			77,655			75,815			(3	%)		(4	%)
Bancorp shareholders’ equity		14,007			13,852			13,563			13,518			13,724			1	%		2	%

Net interest income of $919 million on a taxable equivalent basis increased $3 million from the third quarter of 2010. The net interest margin was 3.75 percent, an increase of 5 bps from 3.70 percent in the previous

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quarter. The increase in net interest income and net interest margin reflected ongoing CD repricing and deposit mix shift out of CDs, as well as higher average loan balances and continued deposit pricing discipline, particularly in savings rates. These positive effects were partially offset by the reduced interest income due to the refinancing of the FTPS, LLC loan, strong commercial loan originations to high quality credits with lower yields, and higher securities premium amortization expense due to increased prepayments as a result of the rate environment.

Compared with the fourth quarter of 2009, net interest income increased $36 million and the net interest margin increased 20 bps, largely the result of the mix shift from higher cost term deposits to lower cost deposit products throughout the year, which more than offset the effect of a $10 million, or 4 bps, reduction in purchase accounting accretion on acquired loans and lower loan balances.

Securities

Average securities and other short-term investments were $18.1 billion in the fourth quarter of 2010, compared with $19.3 billion in the previous quarter and $18.9 billion in the fourth quarter of 2009. The primary driver of the sequential decline was a $1.0 billion decrease in average short-term investments due to lower cash balances held at the Fed. During the quarter, we prepaid $1.0 billion in FHLB debt. Additionally, a portion of portfolio cash flows was reinvested in retail branch originated mortgages, generally with maturities of 20 years or less.

Loans

	For the Three Months Ended										% Change
	December 2010		September 2010		June 2010		March 2010		December 2009		Seq			Yr/Yr
Average Portfolio Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	26,338	$	26,344	$	26,176	$	26,294	$	25,816		—			2	%
Commercial mortgage		10,985		11,375		11,659		11,708		11,981		(3	%)		(8	%)
Commercial construction		2,171		2,885		3,160		3,700		4,024		(25	%)		(46	%)
Commercial leases		3,314		3,257		3,336		3,467		3,574		2	%		(7	%)
Subtotal - commercial loans and leases		42,808		43,861		44,331		45,169		45,395		(2	%)		(6	%)
Consumer:
Residential mortgage loans		8,382		7,837		7,805		7,976		8,129		7	%		3	%
Home equity		11,655		11,897		12,102		12,338		12,291		(2	%)		(5	%)
Automobile loans		10,825		10,517		10,170		10,185		8,973		3	%		21	%
Credit card		1,844		1,838		1,859		1,940		1,982		—			(7	%)
Other consumer loans and leases		722		667		706		773		831		8	%		(13	%)
Subtotal - consumer loans and leases		33,428		32,756		32,642		33,212		32,206		2	%		4	%
Total average loans and leases (excluding held for sale)	$	76,236	$	76,617	$	76,973	$	78,381	$	77,601		—			(2	%)
Average loans held for sale		2,912		2,237		1,834		1,756		2,319		30	%		26	%

Average portfolio loan and lease balances were flat sequentially and declined 2 percent from the fourth quarter of 2009. During the fourth quarter of 2010, FTPS, LLC refinanced its $1.25 billion loan related to the processing joint venture into a larger syndicated loan structure in connection with an acquisition. The impact of this refinancing reduced quarterly average portfolio loan and lease balances by $552 million. Period end loan and lease balances increased $1.5 billion, despite the effect of an $842 million reduction in the balances of our loans with FTPS, LLC.

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Average commercial portfolio loan and lease balances declined 2 percent sequentially and 6 percent from the fourth quarter of 2009. Commercial and industrial (C&I) average loans were flat sequentially, with strong originations during the quarter offset by the impact of the FTPS, LLC loan refinancing and the transfer of loans to held-for-sale at the end of the third quarter 2010. Compared with the fourth quarter of 2009, C&I average loans increased 2 percent. Year-over-year comparisons were affected by the addition of $724 million in C&I balances that were consolidated on January 1, 2010 due to an accounting change in U.S. GAAP. Average commercial mortgage and commercial construction loan balances declined by a combined 8 percent sequentially and 18 percent from the same period the previous year, reflecting low customer demand and tighter underwriting standards as well as the transfer of loans to loans held-for-sale at the end of the third quarter 2010. Commercial line usage, on an end of period basis for the fourth quarter, remained stable at 32.7 percent of committed lines versus 32.4 percent in the third quarter of 2010 and 32.7 percent in the fourth quarter of 2009.

Commercial portfolio period end loan balances were up $522 million, or 1 percent, driven by growth in C&I balances, which increased $889 million, or 3 percent, despite the approximate $850 million effect of the refinancing of the FTPS, LLC loan. This increase was partially offset by lower commercial construction and commercial mortgage loans as those portfolios continue to experience run-off.

Average consumer portfolio loan and lease balances were up 2 percent sequentially and increased 4 percent from the fourth quarter of 2009. Sequential comparisons were affected by the sale of $228 million of nonperforming residential mortgage loans at the end of the third quarter, but otherwise reflected growth in residential mortgage loans driven by increased originations and retention of loans in the portfolio. This growth was partially offset by lower home equity balances. Year-over-year growth in auto loans more than offset declines in home equity loans, consumer leases, and credit card balances. Mortgage growth included the effect of retaining approximately $890 million of mortgages, the majority of which were retail branch originated, initiated in the third quarter. Year-over-year comparisons were affected by $1.2 billion of securitized auto loans and $263 million of securitized home equity loans that were consolidated on January 1, 2010 due to the previously discussed accounting change.

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Deposits

	For the Three Months Ended										% Change
	December 2010		September 2010		June 2010		March 2010		December 2009		Seq			Yr/Yr
Average Deposits ($ in millions)
Demand deposits	$	21,066	$	19,362	$	19,406	$	18,822	$	18,137		9	%		16	%
Interest checking		17,578		17,142		18,652		19,533		16,324		3	%		8	%
Savings		20,602		19,905		19,446		18,469		17,540		4	%		17	%
Money market		4,985		4,940		4,679		4,622		4,279		1	%		16	%
Foreign office (a)		3,733		3,592		3,325		2,757		2,516		4	%		48	%
Subtotal - Transaction deposits		67,964		64,941		65,508		64,203		58,796		5	%		16	%
Other time		8,490		10,261		11,336		12,059		13,049		(17	%)		(35	%)
Subtotal - Core deposits		76,454		75,202		76,844		76,262		71,845		2	%		6	%
Certificates - $100,000 and over		4,858		6,096		6,354		7,049		8,200		(20	%)		(41	%)
Other		9		4		5		8		51		112	%		(83	%)
Total deposits	$	81,321	$	81,302	$	83,203	$	83,319	$	80,096		—			2	%

(a) Includes commercial customer Eurodollar sweep balances for which the Bancorp pays rates comparable to other commercial deposit accounts.

Average core deposits increased 2 percent sequentially and 6 percent from the fourth quarter of 2009. Growth across all transaction deposit account categories offset sequential and year-over-year declines in consumer CDs. Average transaction deposits, excluding consumer time deposits, increased 5 percent from the third quarter of 2010 and 16 percent over the prior year quarter. Sequential growth was primarily driven by seasonally strong demand deposit account (DDA) and savings balances. Year-over-year performance was also due to growth in savings and DDA balances.

Retail average transaction deposits increased 4 percent sequentially and 14 percent from the fourth quarter of 2009 and reflected growth in DDA, savings, and checking account balances. Consumer CDs included in core deposits declined 17 percent sequentially and 35 percent year-over-year, reflecting maturities of higher priced CDs as well as current pricing strategies given our robust liquidity position.

Commercial average transaction deposits increased 5 percent sequentially and 18 percent from the previous year. Excluding public funds balances, commercial average transaction deposits increased 6 percent sequentially and 33 percent from the fourth quarter of 2009 driven by interest checking and DDA balances, reflecting excess customer liquidity. Average public funds balances were $5.1 billion, relatively flat sequentially and down $1.1 billion from the fourth quarter of 2009 due to ongoing pricing adjustments, which continue to reflect our excess liquidity position.

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Noninterest Income

	For the Three Months Ended										% Change
	December 2010		September 2010		June 2010		March 2010		December 2009		Seq			Yr/Yr
Noninterest Income ($ in millions)
Service charges on deposits	$	140	$	143	$	149	$	142	$	159		(3	%)		(12	%)
Corporate banking revenue		103		86		93		81		89		21	%		16	%
Mortgage banking net revenue		149		232		114		152		132		(36	%)		13	%
Investment advisory revenue		93		90		87		91		86		4	%		8	%
Card and processing revenue		81		77		84		73		76		5	%		7	%
Other noninterest income		55		195		85		74		107		(72	%)		(49	%)
Securities gains, net		21		4		8		14		2		425	%		950	%
Securities gains, net - non-qualifying hedges on mortgage servicing rights		14		—		—		—		—		NM			NM
Total noninterest income	$	656	$	827	$	620	$	627	$	651		(21	%)		1	%

NM: Not Meaningful

Noninterest income of $656 million decreased $171 million, or 21 percent, sequentially and was consistent with results a year ago. The sequential decline was driven by the $152 million benefit in the prior quarter from the settlement of litigation associated with one of the Bancorp’s BOLI policies as well as lower mortgage banking revenue, partially offset by growth in corporate banking revenue and securities gains. The year-over-year comparison reflected securities gains in the fourth quarter of 2010 as well as higher mortgage banking revenue, corporate banking revenue, investment advisory revenue, and card and processing revenue, which was largely offset by lower other noninterest income, described in detail below, and lower deposit services charges driven by the effect of Regulation E.

Fourth quarter 2010 results included $11 million in revenue associated with the transition service agreement (TSA) entered into as part of our processing business sale, under which the Bancorp provides services to the processing business to support its operations during the deconversion period. TSA revenue was $13 million in the third quarter of 2010 and $39 million in the fourth quarter of 2009. Fourth quarter results also included a $3 million positive valuation adjustment on warrants and puts related to the processing business sale, compared with $5 million in negative valuation adjustments on these instruments in the third quarter of 2010 and $20 million in positive valuation adjustments in the fourth quarter of 2009. Third quarter 2010 results included a benefit of $152 million from the settlement of litigation associated with one of the Bancorp’s BOLI policies. Excluding these items, as well as investment securities gains in all periods, noninterest income decreased $42 million, or 6 percent, from the previous quarter, driven by lower mortgage banking net revenue. On a year-over-year basis, noninterest income excluding the items mentioned above increased $31 million, or 5 percent, due to higher mortgage banking net revenue and investment advisory fees partially offset by lower service charges on deposits.

Service charges on deposits of $140 million decreased 3 percent sequentially and 12 percent compared with the same quarter last year. Retail service charges declined 9 percent from the previous quarter and declined 26 percent compared with the fourth quarter of 2009, largely due to the implementation of new overdraft regulations and overdraft policies. Commercial service charges increased 3 percent sequentially and increased 2 percent compared with last year.

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Corporate banking revenue of $103 million increased 21 percent from the third quarter of 2010 and increased 16 percent from the same period last year. Sequential results were primarily driven by increased loan syndication fee revenue and lease remarketing fees, as well as growth in business lending fees and foreign exchange revenue due to higher loan volumes and seasonality. On a year-over-year basis, loan syndication fee revenue, lease remarketing fees, and revenue from interest rate derivative sales and business lending fees more than offset declines in institutional sales.

Investment advisory revenue of $93 million increased 4 percent sequentially and 8 percent from the fourth quarter of 2009. The sequential growth was driven by higher private client services revenue, institutional trust revenue, and brokerage fees due to market value increases as well as improved sales production resulting in strong net asset and account growth. On a year-over-year basis, improvement also reflected an overall increase in equity and bond market values.

Card and processing revenue was $81 million in the fourth quarter of 2010, up 5 percent sequentially and 7 percent from the fourth quarter of 2009. The sequential increase reflected positive seasonality and both sequential and year-over-year comparison periods were driven by higher transaction volumes.

Mortgage banking net revenue was $149 million in the fourth quarter of 2010, a decrease of $83 million from the very strong third quarter of 2010 and an increase of $17 million from the fourth quarter of 2009. Fourth quarter 2010 originations were $7.4 billion, an increase from $5.6 billion in the previous quarter and $4.8 billion in the fourth quarter of 2009. Fourth quarter 2010 originations resulted in gains of $158 million on mortgages sold compared with gains of $173 million during the previous quarter and $97 million during the same period in 2009. Gain on sale margins declined in the fourth quarter from record levels in the third quarter due to rising mortgage rates in the quarter and the closing of a higher than expected percentage of applications during the quarter. Mortgage servicing fees this quarter were $59 million, compared with $56 million in the third quarter of 2010 and $53 million in the fourth quarter of 2009. Mortgage banking revenue is also affected by net servicing asset value adjustments, which include mortgage servicing rights (MSR) amortization and MSR valuation adjustments (including mark-to-market adjustments on free-standing derivatives used to economically hedge the MSR portfolio). These net servicing asset valuation adjustments were negative $67 million in the fourth quarter (reflecting MSR amortization of $47 million and MSR valuation adjustments of negative $20 million); positive $3 million in the third quarter of 2010 (MSR amortization of $43 million and MSR valuation adjustments of positive $46 million); and negative $18 million in the fourth quarter of 2009 ($27 million in MSR amortization and positive $9 million in MSR valuation adjustments). The mortgage-servicing asset, net of the valuation reserve, was $822 million at quarter end on a servicing portfolio of $54 billion.

Gains on securities held as non-qualifying hedges for the MSR were $14 million in the fourth quarter of 2010.

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Other noninterest income totaled $55 million in the fourth quarter of 2010 compared with $195 million in the previous quarter and $107 million in the fourth quarter of 2009. Fourth quarter 2010 results included net losses of $14 million on commercial loans held-for-sale, as outlined more fully below. This quarter’s results also reflected $11 million of TSA revenue, $8 million of revenue from our equity interest in the processing business, and a $3 million positive valuation adjustment of warrants and puts related to the processing business sale. Third quarter 2010 results included the $152 million gain from the settlement of litigation related to a BOLI policy, $10 million of net losses on commercial loans held-for-sale, $13 million of TSA revenue, $7 million of revenue from our equity interest in the processing business, and a negative valuation adjustment of $5 million on warrants and puts related to the processing business sale. Fourth quarter 2009 results included $9 million of net losses on commercial loans held-for-sale, $39 million of TSA revenue, $8 million of revenue from our processing business equity interest, and a $20 million positive valuation adjustment of warrants and puts related to the processing business sale. Excluding these items, other noninterest income increased $9 million from the previous quarter, primarily due to the effects of lower credit-related costs, and decreased $2 million from the fourth quarter of 2009.

Net credit-related costs recognized in noninterest income were $34 million in the fourth quarter of 2010 versus $42 million last quarter and $31 million in the fourth quarter of 2009. This quarter we realized $21 million of net gains on sales of commercial loans held-for-sale and recorded $35 million of fair value charges on commercial loans held-for-sale. We also recorded $19 million of losses on other real estate owned (OREO). Third quarter 2010 results included net losses of $1 million on the sale of commercial loans held-for-sale, $9 million of fair value charges on commercial loans held-for-sale, and $29 million of losses on OREO. Fourth quarter 2009 results included net gains of $8 million on the sale of commercial loans held-for-sale, $17 million of fair value charges on commercial loans held-for-sale, and $21 million of losses on OREO.

Net gains on investment securities were $21 million in the fourth quarter of 2010, compared with investment securities gains of $4 million in the previous quarter and $2 million in the same period the previous year.

Noninterest Expense

	For the Three Months Ended										% Change
	December 2010		September 2010		June 2010		March 2010		December 2009		Seq			Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	385	$	360	$	356	$	329	$	331		7	%		16	%
Employee benefits		73		82		73		86		69		(11	%)		5	%
Net occupancy expense		76		72		73		76		75		5	%		1	%
Technology and communications		52		48		45		45		47		8	%		9	%
Equipment expense		32		30		31		30		31		5	%		3	%
Card and processing expense		26		26		31		25		27		2	%		(2	%)
Other noninterest expense		343		361		326		365		387		(5	%)		(11	%)
Total noninterest expense	$	987	$	979	$	935	$	956	$	967		1	%		2	%

Noninterest expense of $987 million increased $8 million sequentially and $20 million from a year ago. Fourth quarter 2010 results included $17 million of expenses related to the termination of $1 billion in FHLB funding. Third quarter 2010 results included $25 million in legal expenses associated with the previously described

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BOLI settlement. Fourth quarter 2009 results included a $22 million reserve established for litigation associated with bank card association memberships. Excluding these items, noninterest expense was $970 million in the fourth quarter of 2010, compared with $954 million in the third quarter of 2010 and $945 million in the fourth quarter of 2009. This sequential and year-over-year increase was driven by higher compensation expense primarily due to revenue-based incentives, as well as investment in sales force expansion, partially offset by lower credit-related expenses. Each period included operating expenses related to the processing business that were largely offset by revenue under the TSA reported in other noninterest income.

Noninterest expenses incurred related to problem assets totaled $53 million in the fourth quarter of 2010, compared with $67 million in the third quarter of 2010 and $73 million in the fourth quarter of 2009. Fourth quarter credit-related expenses included mortgage repurchase expense of $20 million, compared with $45 million in the third quarter of 2010 and $17 million a year ago. (Realized mortgage repurchase losses were $23 million in the fourth quarter of 2010, compared with $29 million last quarter and $15 million in the fourth quarter of 2009.) Provision expense for unfunded commitments was a $4 million reduction in the allowance for unfunded commitments in the current quarter, compared with a $23 million reduction last quarter and $11 million of expense to increase this allowance a year ago. Derivative valuation adjustments related to customer credit risk were positive $1 million this quarter versus $8 million of expense last quarter and $2 million in gains a year ago. OREO expense was $11 million this quarter, compared with $9 million last quarter and $9 million a year ago. Other work out-related expenses were $27 million in the fourth quarter, compared with $28 million the previous quarter and $37 million in the same period last year.

Credit Quality

	For the Three Months Ended
	December 2010			September 2010			June 2010			March 2009			December 2010
Total net losses charged off ($ in millions)
Commercial and industrial loans	($	85	)	($	237	)	($	104	)	($	161	)	($	183	)
Commercial mortgage loans		(80	)		(268	)		(78	)		(99	)		(142	)
Commercial construction loans		(11	)		(121	)		(43	)		(78	)		(135	)
Commercial leases		3			(1	)		—			(4	)		(8	)
Residential mortgage loans		(62	)		(204	)		(85	)		(88	)		(78	)
Home equity		(65	)		(66	)		(61	)		(73	)		(82	)
Automobile loans		(19	)		(17	)		(20	)		(31	)		(32	)
Credit card		(33	)		(36	)		(42	)		(44	)		(44	)
Other consumer loans and leases		(4	)		(6	)		(1	)		(4	)		(4	)
Total net losses charged off		(356	)		(956	)		(434	)		(582	)		(708	)
Total losses		(399	)		(992	)		(472	)		(622	)		(743	)
Total recoveries		43			36			38			40			35
Total net losses charged off	($	356	)	($	956	)	($	434	)	($	582	)	($	708	)
Ratios (annualized)
Net losses charged off as a percent of average loans and leases (excluding held for sale)		1.86	%		4.95	%		2.26	%		3.01	%		3.62	%
Commercial		1.59	%		5.66	%		2.03	%		3.07	%		4.08	%
Consumer		2.20	%		4.00	%		2.57	%		2.93	%		2.97	%

Net charge-offs were $356 million in the fourth quarter of 2010, or 186 bps of average loans on an annualized basis. Third quarter 2010 net charge-offs were $956 million, or 495 bps of average loans on an annualized basis and included net losses of $510 million realized on the sale or transfer of loans to held-for-sale.

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Excluding these losses, fourth quarter 2010 portfolio net-charge offs declined $90 million from third quarter 2010 portfolio net charge-offs of $446 million. Fourth quarter 2009 net charge-offs were $708 million. The decreases in net charge-offs from the prior quarters reflected continued improvement in the credit quality of loans in our portfolio as well as the benefit from the credit actions taken during the third quarter of 2010.

Commercial net charge-offs were $173 million, or 159 bps, compared with $627 million, or 566 bps, in the third quarter of 2010, which included $387 million in net charge-offs on the transfer of loans held-for-sale. Excluding these losses, commercial net charge-offs decreased $67 million from the $240 million of net portfolio losses in the previous quarter. C&I net losses in the portfolio were $85 million, compared with net portfolio losses of $129 million in the previous quarter and $108 million in net losses realized on loans transferred to held-for-sale. The sequential decrease in net portfolio losses was primarily driven by $32 million of improvement in losses on loans to companies in real-estate related industries. Commercial mortgage net losses in the portfolio totaled $80 million compared with net portfolio losses of $66 million in the third quarter and $202 million in net losses realized on loans transferred to held-for-sale. Commercial construction net losses in the portfolio were $11 million, compared with net portfolio losses of $44 million in the prior quarter and $77 million in net losses realized on loans transferred to held-for-sale. Net losses on residential builder and developer portfolio loans across the C&I and commercial real estate categories totaled $19 million, the lowest level experienced in several years. Originations of homebuilder/developer loans were suspended in 2007 and the remaining portfolio balance is $699 million, down from a peak of $3.3 billion in the second quarter of 2008.

Consumer net charge-offs were $183 million, or 220 bps, in the fourth quarter of 2010, compared with $329 million, or 400 bps, in the third quarter, which included $123 million in net charge-offs on the sale of residential mortgage loans during the third quarter. Excluding these losses, consumer net charge-offs decreased $23 million from $206 million in the third quarter. Net charge-offs on residential mortgage loans in the portfolio were $62 million, compared with portfolio losses of $81 million in the previous quarter and $123 million in net charge-offs on loans sold during the third quarter. Home equity net charge-offs were $65 million, consistent with last quarter. Net losses on brokered home equity loans represented 38 percent of fourth quarter home equity losses and 15 percent of the total home equity portfolio. The home equity portfolio included $1.7 billion of brokered loans, down from a peak of $2.6 billion in 2007; originations of these loans were discontinued in 2007. Net charge-offs in the auto portfolio of $19 million increased $2 million from the third quarter, primarily due to seasonality, and net losses on consumer credit card loans were $33 million, down $3 million from the previous quarter.

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	For the Three Months Ended
	December 2010			September 2010			June 2010			March 2010			December 2009
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	3,194		$	3,693		$	3,802		$	3,749		$	3,681
Impact of cumulative effect of change in accounting principle		—			—			—			45			—
Total net losses charged off		(356	)		(956	)		(434	)		(582	)		(708	)
Provision for loan and lease losses		166			457			325			590			776
Allowance for loan and lease losses, ending		3,004			3,194			3,693			3,802			3,749
Reserve for unfunded commitments, beginning		231			254			260			294			284
Impact of cumulative effect of change in accounting principle		—			—			—			(43	)		—
Provision for unfunded commitments		(4	)		(23	)		(6	)		9			10
Reserve for unfunded commitments, ending		227			231			254			260			294
Components of allowance for credit losses:
Allowance for loan and lease losses		3,004			3,194			3,693			3,802			3,749
Reserve for unfunded commitments		227			231			254			260			294
Total allowance for credit losses	$	3,231		$	3,425		$	3,947		$	4,062		$	4,043
Allowance for loan and lease losses ratio
As a percent of loans and leases		3.88	%		4.20	%		4.85	%		4.91	%		4.88	%
As a percent of nonperforming loans and leases (a)		179	%		202	%		146	%		139	%		127	%
As a percent of nonperforming assets (a)		138	%		153	%		124	%		122	%		116	%

(a) Excludes non accrual loans and leases in loans held for sale

Provision for loan and lease losses totaled $166 million in the fourth quarter of 2010, a decrease of $291 million from the third quarter and down $610 million from the fourth quarter of 2009. The allowance for loan and lease losses represented 3.88 percent of total loans and leases outstanding as of quarter end, compared with 4.20 percent last quarter, and represented 179 percent of nonperforming loans and leases and 138 percent of nonperforming assets.

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	As of
	December 2010			September 2010			June 2010			March 2010			December 2009
Nonperforming Assets and Delinquent Loans ($ in millions)
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	557		$	525		$	731		$	746		$	734
Commercial mortgage loans		407			464			773			853			898
Commercial construction loans		182			211			383			479			646
Commercial leases		11			30			45			55			67
Residential mortgage loans		152			124			282			266			275
Home equity		23			23			21			23			21
Automobile loans		1			1			1			1			1
Other consumer loans and leases		—			—			—			—			—
Total nonaccrual loans and leases	$	1,333		$	1,378		$	2,236		$	2,423		$	2,642
Restructured loans and leases - commercial (nonaccrual)		141			31			48			39			47
Restructured loans and leases - consumer (nonaccrual)		206			175			246			271			258
Total nonperforming loans and leases	$	1,680		$	1,584		$	2,530		$	2,733		$	2,947
Repossessed personal property		27			29			16			21			22
Other real estate owned (a)		467			469			423			375			275
Total nonperforming assets (b)	$	2,174		$	2,082		$	2,969		$	3,129		$	3,244
Nonaccrual loans held for sale		247			680			163			239			220
Restructured loans - commercial (nonaccrual) held for sale		47			19			4			4			4
Total nonperforming assets including loans held for sale	$	2,468		$	2,781		$	3,136		$	3,372		$	3,468
Restructured Consumer loans and leases (accrual)	$	1,560		$	1,652		$	1,561		$	1,480		$	1,392
Restructured Commercial loans and leases (accrual)	$	228		$	146		$	109		$	76		$	68
Total loans and leases 90 days past due	$	274		$	317		$	397		$	436		$	567
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned (b)		2.15	%		2.07	%		3.30	%		3.51	%		3.82	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (b)		2.79	%		2.72	%		3.87	%		4.02	%		4.22	%

(a) Excludes government insured advances.

(b) Does not include nonaccrual loans held-for-sale.

Total nonperforming assets, including loans held-for-sale, were $2.5 billion, a decline of $313 million, or 11 percent, from the previous quarter and reflected sales of commercial nonperforming loans moved to held-for-sale in the third quarter of 2010. Nonperforming assets held-for-investment (NPAs) at quarter end were $2.2 billion or 2.79 percent of total loans, leases and OREO, and increased $92 million, or 4 percent, from the previous quarter. Nonperforming loans held-for-investment (NPLs) at quarter end were $1.7 billion or 2.15 percent of total loans and leases, and increased $96 million, or 6 percent, from the third quarter. The increases in NPAs and NPLs were driven primarily by lower outflows from NPAs as a result of the transfer of and charge offs on the nonperforming loans transferred to held-for-sale in the third quarter of 2010.

Commercial portfolio NPAs at quarter-end were $1.7 billion, or 3.79 percent of commercial loans, leases and OREO, and increased $57 million, or 4 percent, from the third quarter. Commercial portfolio NPLs were $1.3 billion, or 2.99 percent of commercial loans and leases. Commercial construction portfolio NPAs were $259 million, a decline of $32 million from the previous quarter. Commercial mortgage portfolio NPAs were $679 million, which was consistent with the prior quarter. Commercial real estate loans in Michigan and Florida represented 50 percent of commercial real estate NPAs and 37 percent of our total commercial real estate portfolio. C&I portfolio NPAs of $696 million increased $102 million from the previous quarter. Within the overall commercial loan portfolio, residential real estate builder and developer portfolio NPAs declined $21 million from the third quarter to $259 million, of which $86 million were commercial construction assets, $161 million were commercial mortgage assets and $12 million were C&I assets. Commercial portfolio NPAs

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included $141 million of nonaccrual troubled debt restructurings (TDRs), compared with $32 million last quarter, due to higher restructuring activity during the quarter.

Consumer portfolio NPAs of $513 million, or 1.50 percent of consumer loans, leases and OREO, increased $35 million from the third quarter. Consumer portfolio NPLs were $382 million, or 1.12 percent of consumer loans and leases, and increased $60 million from last quarter. Of consumer NPAs, $440 million were in residential real estate portfolios. Residential real estate loans in Michigan and Florida represented 37 percent of residential real estate NPAs and 34 percent of total residential real estate loans. Residential mortgage NPAs were $368 million, up $40 million from the previous quarter, due to lower outflows from NPAs as a result of last quarter’s portfolio sale. Home equity NPAs decreased $1 million from last quarter to $72 million. Credit card NPAs declined $2 million from the previous quarter to $56 million. Consumer nonaccrual TDRs were $206 million in the fourth quarter of 2010, compared with $175 million in the third quarter.

Fourth quarter OREO balances included in portfolio NPA balances described above were $467 million compared with $469 million in the third quarter of 2010, and included $312 million in commercial real estate assets, $100 million in residential mortgage assets, $41 million in C&I assets, and $16 million in home equity assets. Repossessed personal property of $27 million largely consisted of autos.

Loans still accruing over 90 days past due were $274 million, down $43 million, or 14 percent, from the third quarter of 2010. Commercial balances 90 days past due of $30 million decreased $34 million sequentially. Consumer balances 90 days past due of $244 million declined $9 million from the previous quarter. Loans 30-89 days past due of $636 million decreased $31 million, or 5 percent, from the previous quarter. Commercial balances 30-89 days past due of $207 million declined $45 million, or 18 percent, sequentially and consumer balances 30-89 days past due of $428 million were up $14 million from the third quarter, largely due to seasonality.

At quarter-end, we held $294 million of commercial nonaccrual loans for sale, compared with $699 million at the end of the third quarter. During the quarter, we transferred approximately $18 million of loans from loans held-for-sale to OREO. We recorded negative valuation adjustments of $35 million on held-for-sale loans and we recorded net gains of $20 million on loans that were sold or settled during the quarter.

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Capital Position

	For the Three Months Ended
	December 2010			September 2010			June 2010			March 2010			December 2009
Capital Position
Average shareholders’ equity to average assets		12.52	%		12.38	%		12.04	%		11.92	%		12.31	%
Tangible equity (a)		10.42	%		10.04	%		9.89	%		9.67	%		9.71	%
Tangible common equity (excluding unrealized gains/losses) (a)		7.04	%		6.70	%		6.55	%		6.37	%		6.45	%
Tangible common equity (including unrealized gains/losses) (a)		7.30	%		7.06	%		6.91	%		6.61	%		6.64	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (a) (b)		7.59	%		7.40	%		7.23	%		7.04	%		7.06	%
Regulatory capital ratios: (c)
Tier I capital		13.94	%		13.85	%		13.65	%		13.39	%		13.30	%
Total risk-based capital		18.14	%		18.28	%		17.99	%		17.54	%		17.48	%
Tier I leverage		12.79	%		12.54	%		12.24	%		12.00	%		12.34	%
Tier I common equity (a)		7.50	%		7.34	%		7.17	%		6.96	%		6.99	%
Book value per share		13.06			12.86			12.65			12.31			12.44
Tangible book value per share (a)		9.94			9.74			9.51			9.16			9.26

(a) The tangible equity, tangible common equity, tier I common equity and tangible book value per share ratios, while not required by accounting principles generally accepted in the United States of America (U.S. GAAP), are considered to be critical metrics with which to analyze banks. The ratios have been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition. See the Regulation G Non-GAAP Reconciliation table for a reconciliation of these ratios to U.S. GAAP.

(b) Under the banking agencies risk-based capital guidelines, assets and credit equivalent amounts of derivatives and off-balance sheet exposures are assigned to broad risk categories. The aggregate dollar amount in each risk category is multiplied by the associated risk weight of the category. The resulting weighted values are added together resulting in the Bancorp’s total risk weighted assets.

(c) Current period regulatory capital data ratios are estimated.

Capital ratios remained strong during the quarter. Compared with the prior quarter, the Tier 1 common equity ratio increased 16 bps to 7.50 percent, the Tier 1 capital ratio increased 9 bps to 13.94 percent and the Total capital ratio decreased 14 bps to 18.14 percent. The tangible common equity to tangible assets ratio increased 34 bps to 7.04 percent excluding unrealized gains/losses, and increased 24 bps to 7.30 percent including unrealized gains/losses.

Book value per share at December 31, 2010 was $13.06 and tangible book value per share was $9.94, compared with September 30, 2010 book value per share of $12.86 and tangible book value per share of $9.74.

Average diluted common shares of 836 million shares increased 39 million shares from the third quarter of 2010. Due to the level of the fourth quarter 2010 earnings, the reporting of results under the “if converted” method resulted in an increase in our diluted share count for the quarter, due to the inclusion of all shares underlying the Series G convertible preferred shares. In prior quarters, these shares were excluded from the diluted EPS calculation, as their impact would have been anti-dilutive to EPS. These shares are not included in the diluted shares count for the full year ended 2010 because they are anti-dilutive to the full year earnings per share computation. Additionally, this had no impact on end of period common shares outstanding, which were 796 million in the third and fourth quarters of 2010.

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The Bank for International Settlements (BIS) recently proposed new capital rules for Internationally Active banks, known as “Basel III.” Fifth Third is subject to U.S. bank regulations for capital, which have not yet been issued in response to the Basel proposals. Fifth Third’s capital levels exceed current U.S. “well-capitalized” standards and proposed Basel III standards, and we expect Fifth Third’s capital levels to continue to exceed U.S. “well-capitalized” standards including the adoption of U.S. rules that incorporate changes contemplated under Basel III.

Fifth Third’s Tier 1 and Total capital levels at 12/31/10 included $3.4 billion of preferred stock, or approximately 3.4 percent of risk weighted assets, issued under the U.S. Treasury’s Capital Purchase Program. Tier 1 and Total capital levels also included $2.8 billion of Trust Preferred securities, or 2.8 percent of risk weighted assets. Under the Dodd-Frank financial reform legislation recently passed, these Trust Preferred securities are intended to be phased out of Tier 1 capital over three years beginning in 2013. The BIS also issued proposals that would include a phase-out of these securities, although over a longer period. To the extent these securities remain outstanding during and after the phase-in period, they would be expected to continue to be included in Total capital, subject to prevailing U.S. capital standards. The BIS has also proposed adjustments to definitions of capital, including what is to be included in its definition of common equity, and to risk weightings applied to certain types of assets. We do not currently expect these proposed adjustments to negatively affect Fifth Third’s common equity capital levels and for any positive effect to be modest.

We expect to manage our capital structure – including the components represented by common equity and non-common equity – over time to adapt to the effect of legislation, changes in U.S. bank capital regulations reflecting changes to BIS capital rules, and our goals for capital levels and capital composition as appropriate given any changes in rules.

Conference Call

Fifth Third will host a conference call to discuss these financial results at 5:30 p.m. (Eastern Time) today. This conference call will be webcast live by Thomson Financial and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on “About Fifth Third” then “Investor Relations”). The webcast also is being distributed over Thomson Financial’s Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Financial’s individual investor center at www.earnings.com or by visiting any of the investor sites in Thomson Financial’s Individual Investor Network. Institutional investors can access the call via Thomson Financial’s password-protected event management site, StreetEvents (www.streetevents.com).

Those unable to listen to the live webcast may access a webcast replay or podcast through the Fifth Third Investor Relations website at the same web address. Additionally, a telephone replay of the conference call will be available beginning approximately two hours after the conference call until Wednesday, February 2^nd

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by dialing 800-642-1687 for domestic access and 706-645-9291 for international access (passcode 38327453#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of December 31, 2010, the Company had $111 billion in assets and operated 15 affiliates with 1,312 full-service Banking Centers, including 103 Bank Mart^® locations open seven days a week inside select grocery stores and 2,445 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 49% interest in Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2010, had $266 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the NASDAQ^® National Global Select Market under the symbol “FITB.”

Forward-Looking Statements

This news release contains 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. 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, including the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act; (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.

# # #

18

Quarterly Financial Review for December 31, 2010

Table of Contents

Financial Highlights	20-21
Consolidated Statements of Income	22
Consolidated Statements of Income (Taxable Equivalent)	23
Consolidated Balance Sheets	24-25
Consolidated Statements of Changes in Shareholders’ Equity	26
Average Balance Sheet and Yield Analysis	27-29
Summary of Loans and Leases	30
Regulatory Capital	31
Summary of Credit Loss Experience	32
Asset Quality	33
Regulation G Non-GAAP Reconciliation	34
Segment Presentation	35

19

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended									% Change						Year to Date						% Change
	December 2010			September 2010			December 2009			Seq			Yr/Yr			December 2010			December 2009			Yr/Yr
Income Statement Data
Net interest income (a)	$	919		$	916		$	883			—			4	%	$	3,622		$	3,374			7	%
Noninterest income		656			827			651			(21	%)		1	%		2,729			4,782			(43	%)
Total revenue (a)		1,575			1,743			1,534			(10	%)		3	%		6,351			8,156			(22	%)
Provision for loan and lease losses		166			457			776			(64	%)		(79	%)		1,538			3,543			(57	%)
Noninterest expense		987			979			967			1	%		2	%		3,855			3,826			1	%
Net income (loss) attributable to Bancorp		333			238			(98	)		40	%		NM			753			737			2	%
Net income (loss) available to common shareholders		270			175			(160	)		54	%		NM			503			511			(1	%)
Common Share Data
Earnings per share, basic	$	0.34		$	0.22		($	0.20	)		55	%		NM		$	0.63		$	0.73			(14	%)
Earnings per share, diluted		0.33			0.22			(0.20	)		50	%		NM			0.63			0.67			(6	%)
Cash dividends per common share		0.01			0.01			0.01			—			—			0.04			0.04			—
Book value per share		13.06			12.86			12.44			2	%		5	%		13.06			12.44			5	%
Market price per share		14.68			12.03			9.75			22	%		51	%		14.68			9.75			51	%
Common shares outstanding (in thousands)		796,273			796,283			795,068			—			—			796,273			795,068			—
Average common shares outstanding (in thousands):
Basic		791,072			791,017			790,442			—			—			790,852			696,452			14	%
Diluted		836,225			797,492			790,442			5	%		6	%		799,381			726,508			10	%
Market capitalization	$	11,689		$	9,579		$	7,752			22	%		51	%	$	11,689		$	7,752			51	%
Financial Ratios
Return on assets		1.18	%		0.84	%		(0.35	%)		40	%		NM			0.67	%		0.64	%		5	%
Return on average common equity		10.4	%		6.8	%		(6.3	%)		53	%		NM			5.0	%		5.6	%		(11	%)
Noninterest income as a percent of total revenue		42	%		47	%		42	%		(11	%)		—			43	%		59	%		(27	%)
Average equity as a percent of average assets		12.52	%		12.38	%		12.31	%		1	%		2	%		12.22	%		11.36	%		8	%
Tangible equity (b) (d)		10.42	%		10.04	%		9.71	%		4	%		7	%		10.42	%		9.71	%		7	%
Tangible common equity (c) (d)		7.04	%		6.70	%		6.45	%		5	%		9	%		7.04	%		6.45	%		9	%
Net interest margin (a)		3.75	%		3.70	%		3.55	%		1	%		6	%		3.66	%		3.32	%		10	%
Efficiency (a)		62.6	%		56.2	%		63.1	%		11	%		(1	%)		60.7	%		46.9	%		29	%
Effective tax rate		20.0	%		21.5	%		54.4	%		(7	%)		(63	%)		19.8	%		3.9	%		408	%
Credit Quality
Net losses charged off	$	356		$	956		$	708			(63	%)		(50	%)	$	2,328		$	2,581			(10	%)
Net losses charged off as a percent of average loans and leases		1.86	%		4.95	%		3.62	%		(62	%)		(49	%)		3.02	%		3.20	%		(6	%)
Allowance for loan and lease losses as a percent of loans and leases		3.88	%		4.20	%		4.88	%		(8	%)		(20	%)		3.88	%		4.88	%		(20	%)
Allowance for credit losses as a percent of loans and leases		4.17	%		4.51	%		5.27	%		(8	%)		(21	%)		4.17	%		5.27	%		(21	%)
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned (e)		2.79	%		2.72	%		4.22	%		3	%		(34	%)		2.79	%		4.22	%		(34	%)
Average Balances
Loans and leases, including held for sale	$	79,148		$	78,854		$	79,920			—			(1	%)	$	79,232		$	83,391			(5	%)
Total securities and other short-term investments		18,066			19,309			18,869			(6	%)		(4	%)		19,699			18,135			9	%
Total assets		111,858			111,854			111,505			—			—			112,434			114,856			(2	%)
Transaction deposits (f)		67,964			64,941			58,796			5	%		16	%		65,662			55,235			19	%
Core deposits (g)		76,454			75,202			71,845			2	%		6	%		76,188			69,338			10	%
Wholesale funding (h)		17,269			19,236			22,107			(10	%)		(22	%)		18,917			28,539			(34	%)
Bancorp shareholders’ equity		14,007			13,852			13,724			1	%		2	%		13,737			13,053			5	%
Regulatory Capital Ratios (i)
Tier I capital		13.94	%		13.85	%		13.30	%		1	%		5	%		13.94	%		13.30	%		5	%
Total risk-based capital		18.14	%		18.28	%		17.48	%		(1	%)		4	%		18.14	%		17.48	%		4	%
Tier I leverage		12.79	%		12.54	%		12.34	%		2	%		4	%		12.79	%		12.34	%		4	%
Tier I common equity (d)		7.50	%		7.34	%		6.99	%		2	%		7	%		7.50	%		6.99	%		7	%
Operations
Banking centers		1,312			1,309			1,309			—			—			1,312			1,309			—
ATMs		2,445			2,390			2,358			2	%		4	%		2,445			2,358			4	%
Full-time equivalent employees		20,838			20,667			20,998			1	%		(1	%)		20,838			20,998			(1	%)

(a) Presented on a fully taxable equivalent basis

(b) The tangible equity ratio is calculated as tangible equity (shareholders’ equity less goodwill, intangible assets and accumulated other comprehensive income) divided by tangible assets (total assets less goodwill, intangible assets and tax effected accumulated other comprehensive income.)

(c) The tangible common equity ratio is calculated as tangible common equity (shareholders’ equity less preferred stock, goodwill intangible assets and accumulated other comprehensive income) divided by tangible assets (defined above.)

(d) The tangible equity, tangible common equity and tier I common equity ratios, while not required by U.S. GAAP, are considered to be critical metrics with which to analyze banks. The ratios have been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition.

(e) Excludes nonaccrual loans held for sale

(f) Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers

(g) Includes transaction deposits plus other time deposits

(h) Includes certificates $100,000 and over, other deposits, federal funds purchased, short-term borrowings and long-term debt

(i) Current period regulatory capital ratios are estimates

20

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended
	December 2010			September 2010			June 2010			March 2010			December 2009
Income Statement Data
Net interest income (a)	$	919		$	916		$	887		$	901		$	883
Noninterest income		656			827			620			627			651
Total revenue (a)		1,575			1,743			1,507			1,528			1,534
Provision for loan and lease losses		166			457			325			590			776
Noninterest expense		987			979			935			956			967
Net income (loss) attributable to Bancorp		333			238			192			(10	)		(98	)
Net income (loss) available to common shareholders		270			175			130			(72	)		(160	)
Common Share Data
Earnings per share, basic	$	0.34		$	0.22		$	0.16		($	0.09	)	($	0.20	)
Earnings per share, diluted		0.33			0.22			0.16			(0.09	)		(0.20	)
Cash dividends per common share		0.01			0.01			0.01			0.01			0.01
Book value per share		13.06			12.86			12.65			12.31			12.44
Market price per share		14.68			12.03			12.29			13.56			9.75
Common shares outstanding (in thousands)		796,273			796,283			796,320			794,816			795,068
Average common shares outstanding (in thousands):
Basic		791,072			791,017			790,839			790,473			790,442
Diluted		836,225			797,492			802,255			790,473			790,442
Market capitalization	$	11,689		$	9,579		$	9,787		$	10,778		$	7,752
Financial Ratios
Return on assets		1.18	%		0.84	%		0.68	%		(0.04	%)		(0.35	%)
Return on average common equity		10.4	%		6.8	%		5.2	%		(3.0	%)		(6.3	%)
Noninterest income as a percent of total revenue		42	%		47	%		41	%		41	%		42	%
Average equity as a percent of average assets		12.52	%		12.38	%		12.04	%		11.92	%		12.31	%
Tangible equity (b) (d)		10.42	%		10.04	%		9.89	%		9.67	%		9.71	%
Tangible common equity (c) (d)		7.04	%		6.70	%		6.55	%		6.37	%		6.45	%
Net interest margin (a)		3.75	%		3.70	%		3.57	%		3.63	%		3.55	%
Efficiency (a)		62.6	%		56.2	%		62.1	%		62.5	%		63.1	%
Effective tax rate		20.0	%		21.5	%		20.5	%		53.0	%		54.4	%
Credit Quality
Net losses charged off	$	356		$	956		$	434		$	582		$	708
Net losses charged off as a percent of average loans and leases		1.86	%		4.95	%		2.26	%		3.01	%		3.62	%
Allowance for loan and lease losses as a percent of loans and leases		3.88	%		4.20	%		4.85	%		4.91	%		4.88	%
Allowance for credit losses as a percent of loans and leases		4.17	%		4.51	%		5.18	%		5.25	%		5.27	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned (e)		2.79	%		2.72	%		3.87	%		4.02	%		4.22	%
Average Balances
Loans and leases, including held for sale	$	79,148		$	78,854		$	78,807		$	80,136		$	79,920
Total securities and other short-term investments		18,066			19,309			20,891			20,559			18,869
Total assets		111,858			111,854			112,613			113,433			111,505
Transaction deposits (f)		67,964			64,941			65,508			64,203			58,796
Core deposits (g)		76,454			75,202			76,844			76,262			71,845
Wholesale funding (h)		17,269			19,236			18,977			20,215			22,107
Bancorp shareholders’ equity		14,007			13,852			13,563			13,518			13,724
Regulatory Capital Ratios (i)
Tier I capital		13.94	%		13.85	%		13.65	%		13.39	%		13.30	%
Total risk-based capital		18.14	%		18.28	%		17.99	%		17.54	%		17.48	%
Tier I leverage		12.79	%		12.54	%		12.24	%		12.00	%		12.34	%
Tier I common equity (d)		7.50	%		7.34	%		7.17	%		6.96	%		6.99	%
Operations
Banking centers		1,312			1,309			1,309			1,309			1,309
ATMs		2,445			2,390			2,362			2,364			2,358
Full-time equivalent employees		20,838			20,667			20,479			20,038			20,998

(a) Presented on a fully taxable equivalent basis

(b) The tangible equity ratio is calculated as tangible equity (shareholders’ equity less goodwill, intangible assets and accumulated other comprehensive income) divided by tangible assets (total assets less goodwill, intangible assets and tax effected accumulated other comprehensive income.)

(c) The tangible common equity ratio is calculated as tangible common equity (shareholders’ equity less preferred stock, goodwill intangible assets and accumulated other comprehensive income) divided by tangible assets (defined above.)

(d) The tangible equity, tangible common equity and tier I common equity ratios, while not required by U.S. GAAP, are considered to be critical metrics with which to analyze banks. The ratios have been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition.

(e) Excludes nonaccrual loans held for sale

(f) Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers

(g) Includes transaction deposits plus other time deposits

(h) Includes certificates $100,000 and over, other deposits, federal funds purchased, short-term borrowings and long-term debt

(i) Current period regulatory capital ratios are estimates

21

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income

$ in millions

(unaudited)

	For the Three Months Ended							% Change						Year to Date					% Change
	December 2010		September 2010		December 2009			Seq			Yr/Yr			December 2010		December 2009			Yr/Yr
Interest Income
Interest and fees on loans and leases	$	950	$	962	$	957			(1	%)		(1	%)	$	3,823	$	3,934			(3	%)
Interest on securities		152		161		186			(6	%)		(18	%)		658		733			(10	%)
Interest on other short-term investments		2		3		—			(51	%)		NM			8		1			NM
Total interest income		1,104		1,126		1,143			(2	%)		(3	%)		4,489		4,668			(4	%)
Interest Expense
Interest on deposits		118		141		194			(16	%)		(39	%)		591		953			(38	%)
Interest on short-term borrowings		1		1		2			(9	%)		(38	%)		4		43			(91	%)
Interest on long-term debt		71		72		69			(2	%)		4	%		290		318			(9	%)
Total interest expense		190		214		265			(11	%)		(28	%)		885		1,314			(33	%)
Net Interest Income		914		912		878			—			4	%		3,604		3,354			7	%
Provision for loan and lease losses		166		457		776			(64	%)		(79	%)		1,538		3,543			(57	%)
Net interest income (loss) after provision for loan and lease losses		748		455		102			64	%		637	%		2,066		(189	)		NM
Noninterest Income
Service charges on deposits		140		143		159			(3	%)		(12	%)		574		632			(9	%)
Corporate banking revenue		103		86		89			21	%		16	%		364		372			(2	%)
Mortgage banking net revenue		149		232		132			(36	%)		13	%		647		553			17	%
Investment advisory revenue		93		90		86			4	%		8	%		361		326			11	%
Card and processing revenue		81		77		76			5	%		7	%		316		615			(49	%)
Gain on sale of processing business		—		—		—			NM			NM			—		1,758			(100	%)
Other noninterest income		55		195		107			(72	%)		(49	%)		406		479			(15	%)
Securities gains (losses), net		21		4		2			425	%		950	%		47		(10	)		NM
Securities gains, net - non-qualifying hedges on mortgage servicing rights		14		—		—			NM			NM			14		57			(75	%)
Total noninterest income		656		827		651			(21	%)		1	%		2,729		4,782			(43	%)
Noninterest Expense
Salaries, wages and incentives		385		360		331			7	%		16	%		1,430		1,339			7	%
Employee benefits		73		82		69			(11	%)		5	%		314		311			1	%
Net occupancy expense		76		72		75			5	%		1	%		298		308			(3	%)
Technology and communications		52		48		47			8	%		9	%		189		181			5	%
Equipment expense		32		30		31			5	%		3	%		122		123			—
Card and processing expense		26		26		27			2	%		(2	%)		108		193			(44	%)
Other noninterest expense		343		361		387			(5	%)		(11	%)		1,394		1,371			2	%
Total noninterest expense		987		979		967			1	%		2	%		3,855		3,826			1	%
Income (loss) before income taxes		417		303		(214	)		38	%		NM			940		767			23	%
Applicable income taxes		83		65		(116	)		28	%		NM			187		30			523	%
Net Income (loss)		334		238		(98	)		40	%		NM			753		737			2	%
Less: Net income attributable to noncontrolling interest		1		—		—			NM			NM			—		—			NM
Net income (loss) attributable to Bancorp		333		238		(98	)		40	%		NM			753		737			2	%
Dividends on preferred stock		63		63		62			—			2	%		250		226			11	%
Net income (loss) available to common shareholders	$	270	$	175	($	160	)		54	%		NM		$	503	$	511			(1	%)

22

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	December 2010		September 2010		June 2010		March 2010			December 2009
Interest Income
Interest and fees on loans and leases	$	950	$	962	$	951	$	960		$	957
Interest on securities		152		161		163		182			186
Interest on other short-term investments		2		3		2		1			—
Total interest income		1,104		1,126		1,116		1,143			1,143
Taxable equivalent adjustment		5		4		5		4			5
Total interest income (taxable equivalent)		1,109		1,130		1,121		1,147			1,148
Interest Expense
Interest on deposits		118		141		161		171			194
Interest on short-term borrowings		1		1		1		1			2
Interest on long-term debt		71		72		72		74			69
Total interest expense		190		214		234		246			265
Net interest income (taxable equivalent)		919		916		887		901			883
Provision for loan and lease losses		166		457		325		590			776
Net interest income (taxable equivalent) after provision for loan and lease losses		753		459		562		311			107
Noninterest Income
Service charges on deposits		140		143		149		142			159
Corporate banking revenue		103		86		93		81			89
Mortgage banking net revenue		149		232		114		152			132
Investment advisory revenue		93		90		87		91			86
Card and processing revenue		81		77		84		73			76
Gain on sale of processing business		—		—		—		—			—
Other noninterest income		55		195		85		74			107
Securities gains (losses), net		21		4		8		14			2
Securities gains, net - non-qualifying hedges on mortgage servicing rights		14		—		—		—			—
Total noninterest income		656		827		620		627			651
Noninterest Expense
Salaries, wages and incentives		385		360		356		329			331
Employee benefits		73		82		73		86			69
Net occupancy expense		76		72		73		76			75
Technology and communications		52		48		45		45			47
Equipment expense		32		30		31		30			31
Card and processing expense		26		26		31		25			27
Other noninterest expense		343		361		326		365			387
Total noninterest expense		987		979		935		956			967
Income (loss) before income taxes (taxable equivalent)		422		307		247		(18	)		(209	)
Taxable equivalent adjustment		5		4		5		4			5
Income (loss) before income taxes		417		303		242		(22	)		(214	)
Applicable income taxes		83		65		50		(12	)		(116	)
Net Income (loss)		334		238		192		(10	)		(98	)
Less: Net Income attributable to noncontrolling interest		1		—		—		—			—
Net income (loss) attributable to Bancorp		333		238		192		(10	)		(98	)
Dividends on preferred stock		63		63		62		62			62
Net income (loss) available to common shareholders	$	270	$	175	$	130	($	72	)	($	160	)

23

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	December 2010			September 2010			December 2009			Seq			Yr/Yr
Assets
Cash and due from banks	$	2,159		$	2,215		$	2,318			(3	%)		(7	%)
Available-for-sale and other securities (a)		15,414			15,975			18,213			(4	%)		(15	%)
Held-to-maturity securities (b)		353			354			355			—			(1	%)
Trading securities		294			320			355			(8	%)		(17	%)
Other short-term investments		1,515			3,271			3,369			(54	%)		(55	%)
Loans held for sale		2,216			2,733			2,067			(19	%)		7	%
Portfolio loans and leases:
Commercial and industrial loans		27,191			26,302			25,683			3	%		6	%
Commercial mortgage loans		10,845			10,985			11,803			(1	%)		(8	%)
Commercial construction loans		2,048			2,349			3,784			(13	%)		(46	%)
Commercial leases		3,378			3,304			3,535			2	%		(4	%)
Residential mortgage loans		8,956			7,975			8,035			12	%		11	%
Home equity		11,513			11,774			12,174			(2	%)		(5	%)
Automobile loans		10,983			10,738			8,995			2	%		22	%
Credit card		1,896			1,832			1,990			4	%		(5	%)
Other consumer loans and leases		681			750			780			(9	%)		(13	%)
Portfolio loans and leases		77,491			76,009			76,779			2	%		1	%
Allowance for loan and lease losses		(3,004	)		(3,194	)		(3,749	)		(6	%)		(20	%)
Portfolio loans and leases, net		74,487			72,815			73,030			2	%		2	%
Bank premises and equipment		2,389			2,377			2,400			1	%		—
Operating lease equipment		479			470			499			2	%		(4	%)
Goodwill		2,417			2,417			2,417			—			—
Intangible assets		62			72			106			(14	%)		(41	%)
Servicing rights		822			599			700			37	%		17	%
Other assets		8,400			8,704			7,551			(3	%)		11	%
Total assets	$	111,007		$	112,322		$	113,380			(1	%)		(2	%)
Liabilities
Deposits:
Demand	$	21,413		$	20,109		$	19,411			6	%		10	%
Interest checking		18,560			17,225			19,935			8	%		(7	%)
Savings		20,903			20,260			17,898			3	%		17	%
Money market		5,035			5,064			4,431			(1	%)		14	%
Foreign office		3,721			3,807			2,454			(2	%)		52	%
Other time		7,728			9,379			12,466			(18	%)		(38	%)
Certificates - $100,000 and over		4,287			5,515			7,700			(22	%)		(44	%)
Other		1			3			10			(72	%)		(92	%)
Total deposits		81,648			81,362			84,305			—			(3	%)
Federal funds purchased		279			368			182			(24	%)		53	%
Other short-term borrowings		1,574			1,775			1,415			(11	%)		11	%
Accrued taxes, interest and expenses		889			869			773			2	%		15	%
Other liabilities		2,979			3,082			2,701			(3	%)		10	%
Long-term debt		9,558			10,953			10,507			(13	%)		(9	%)
Total liabilities		96,927			98,409			99,883			(2	%)		(3	%)
Equity
Common stock		1,779			1,779			1,779			—			—
Preferred stock		3,654			3,642			3,609			—			1	%
Capital surplus		1,715			1,707			1,743			—			(2	%)
Retained earnings		6,719			6,456			6,326			4	%		6	%
Accumulated other comprehensive income		314			432			241			(27	%)		31	%
Treasury stock		(130	)		(132	)		(201	)		(2	%)		(35	%)
Total Bancorp shareholders' equity		14,051			13,884			13,497			1	%		4	%
Noncontrolling interest		29			29			—			—			NM
Total Equity		14,080			13,913			13,497			1	%		4	%
Total liabilities and equity	$	111,007		$	112,322		$	113,380			(1	%)		(2	%)
(a) Amortized cost	$	14,919		$	15,308		$	17,879			(3	%)		(17	%)
(b) Market values		353			354			355			—			(1	%)
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			2,000,000			—			—
Outstanding, excluding treasury		796,273			796,283			795,068			—			—
Treasury		5,232			5,221			6,436			—			(19	%)

24

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	December 2010			September 2010			June 2010			March 2010			December 2009
Assets
Cash and due from banks	$	2,159		$	2,215		$	2,216		$	2,133		$	2,318
Available-for-sale and other securities (a)		15,414			15,975			16,021			16,935			18,213
Held-to-maturity securities (b)		353			354			354			355			355
Trading securities		294			320			270			305			355
Other short-term investments		1,515			3,271			4,322			3,904			3,369
Loans held for sale		2,216			2,733			2,150			1,607			2,067
Portfolio loans and leases:
Commercial and industrial loans		27,191			26,302			26,008			26,131			25,683
Commercial mortgage loans		10,845			10,985			11,481			11,744			11,803
Commercial construction loans		2,048			2,349			2,965			3,277			3,784
Commercial leases		3,378			3,304			3,271			3,388			3,535
Residential mortgage loans		8,956			7,975			7,707			7,918			8,035
Home equity		11,513			11,774			11,987			12,186			12,174
Automobile loans		10,983			10,738			10,285			10,180			8,995
Credit card		1,896			1,832			1,841			1,863			1,990
Other consumer loans and leases		681			750			687			736			780
Portfolio loans and leases		77,491			76,009			76,232			77,423			76,779
Allowance for loan and lease losses		(3,004	)		(3,194	)		(3,693	)		(3,802	)		(3,749	)
Portfolio loans and leases, net		74,487			72,815			72,539			73,621			73,030
Bank premises and equipment		2,389			2,377			2,374			2,384			2,400
Operating lease equipment		479			470			489			492			499
Goodwill		2,417			2,417			2,417			2,417			2,417
Intangible assets		62			72			83			94			106
Servicing rights		822			599			646			725			700
Other assets		8,400			8,704			8,144			7,679			7,551
Total assets	$	111,007		$	112,322		$	112,025		$	112,651		$	113,380
Liabilities
Deposits:
Demand	$	21,413		$	20,109		$	19,256		$	19,482		$	19,411
Interest checking		18,560			17,225			17,759			19,126			19,935
Savings		20,903			20,260			19,646			19,099			17,898
Money market		5,035			5,064			4,666			4,782			4,431
Foreign office		3,721			3,807			3,430			2,844			2,454
Other time		7,728			9,379			10,966			11,643			12,466
Certificates - $100,000 and over		4,287			5,515			6,389			6,596			7,700
Other		1			3			3			2			10
Total deposits		81,648			81,362			82,115			83,574			84,305
Federal funds purchased		279			368			240			271			182
Other short-term borrowings		1,574			1,775			1,556			1,359			1,415
Accrued taxes, interest and expenses		889			869			721			633			773
Other liabilities		2,979			3,082			2,703			2,459			2,701
Long-term debt		9,558			10,953			10,989			10,947			10,507
Total liabilities		96,927			98,409			98,324			99,243			99,883
Equity
Common stock		1,779			1,779			1,779			1,779			1,779
Preferred stock		3,654			3,642			3,631			3,620			3,609
Capital surplus		1,715			1,707			1,696			1,753			1,743
Retained earnings		6,719			6,456			6,289			6,169			6,326
Accumulated other comprehensive income		314			432			440			288			241
Treasury stock		(130	)		(132	)		(134	)		(201	)		(201	)
Total Bancorp shareholders’ equity		14,051			13,884			13,701			13,408			13,497
Noncontrolling interest		29			29			—			—			—
Total Equity		14,080			13,913			13,701			13,408			13,497
Total liabilities and equity	$	111,007		$	112,322		$	112,025		$	112,651		$	113,380
(a) Amortized cost	$	14,919		$	15,308		$	15,356		$	16,523		$	17,879
(b) Market values		353			354			354			355			355
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			2,000,000			2,000,000			2,000,000
Outstanding, excluding treasury		796,273			796,283			796,320			794,816			795,068
Treasury		5,232			5,221			5,184			6,688			6,436

25

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Equity

$ in millions

(unaudited)

	For the Three Months Ended						Year to Date
	December 2010			December 2009			December 2010			December 2009
Total equity, beginning	$	13,913		$	13,688		$	13,497		$	12,077
Net income (loss) attributable to Bancorp		333			(98	)		753			737
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		(112	)		(58	)		105			100
Qualifying cash flow hedges		(6	)		(3	)		(38	)		18
Change in accumulated other comprehensive income related to employee benefit plans		1			17			6			25
Comprehensive income		216			(142	)		826			880
Cash dividends declared:
Common stock		(8	)		(8	)		(32	)		(29	)
Preferred stock		(51	)		(51	)		(205	)		(220	)
Issuance of common stock		—			—			—			986
Dividends on exchange of preferred stock		—			—			—			35
Exchange of preferred stock, Series G		—			—			—			(269	)
Stock-based awards exercised, including treasury shares issued		—			—			(4	)		—
Stock-based compensation expense		11			9			44			45
Loans repaid (issued) related to exercise of stock-based awards, net		1			—			1			—
Impact of cumulative effect of change in accounting principle		—			—			(77	)		—
Change in corporate tax benefit related to stock-based compensation		—			—			—			(29	)
Reversal of OTTI		—			—			—			24
Noncontrolling interest		(1	)		—			29			—
Other		(1	)		1			1			(3	)
Total equity, ending	$	14,080		$	13,497		$	14,080		$	13,497

26

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	December 2010			September 2010			December 2009			Seq			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	26,509		$	26,348		$	25,838			1	%		3	%
Commercial mortgage loans		11,276			11,462			12,126			(2	%)		(7	%)
Commercial construction loans		2,289			2,955			4,134			(23	%)		(45	%)
Commercial leases		3,314			3,257			3,574			2	%		(7	%)
Residential mortgage loans		10,693			9,897			10,142			8	%		5	%
Home equity		11,655			11,897			12,291			(2	%)		(5	%)
Automobile loans		10,825			10,517			8,973			3	%		21	%
Credit card		1,844			1,838			1,982			—			(7	%)
Other consumer loans and leases		743			683			860			9	%		(14	%)
Taxable securities		15,367			15,580			16,999			(1	%)		(10	%)
Tax exempt securities		268			273			727			(2	%)		(63	%)
Other short-term investments		2,431			3,456			1,143			(30	%)		113	%
Total interest-earning assets		97,214			98,163			98,789			(1	%)		(2	%)
Cash and due from banks		2,284			2,283			2,276			—			—
Other assets		15,449			15,088			14,084			2	%		10	%
Allowance for loan and lease losses		(3,089	)		(3,680	)		(3,644	)		(16	%)		(15	%)
Total assets	$	111,858		$	111,854		$	111,505			—			—
Liabilities
Interest-bearing liabilities:
Interest checking	$	17,578		$	17,142		$	16,324			3	%		8	%
Savings		20,602			19,905			17,540			4	%		17	%
Money market		4,985			4,940			4,279			1	%		16	%
Foreign office		3,733			3,592			2,516			4	%		48	%
Other time		8,490			10,261			13,049			(17	%)		(35	%)
Certificates - $100,000 and over		4,858			6,096			8,200			(20	%)		(41	%)
Other		9			4			51			112	%		(83	%)
Federal funds purchased		376			302			423			25	%		(11	%)
Other short-term borrowings		1,728			1,880			3,029			(8	%)		(43	%)
Long-term debt		10,298			10,954			10,404			(6	%)		(1	%)
Total interest-bearing liabilities		72,657			75,076			75,815			(3	%)		(4	%)
Demand deposits		21,066			19,362			18,137			9	%		16	%
Other liabilities		4,099			3,544			3,829			16	%		7	%
Total liabilities		97,822			97,982			97,781			—			—
Equity		14,036			13,872			13,724			1	%		2	%
Total liabilities and equity	$	111,858		$	111,854		$	111,505			—			—
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.64	%		4.81	%		4.48	%
Commercial mortgage loans		4.17	%		3.97	%		4.19	%
Commercial construction loans		2.90	%		3.06	%		2.65	%
Commercial leases		4.21	%		4.34	%		4.59	%
Residential mortgage loans		4.64	%		4.81	%		5.19	%
Home equity		3.98	%		3.99	%		4.06	%
Automobile loans		5.41	%		5.71	%		6.18	%
Credit card		10.55	%		10.70	%		9.66	%
Other consumer loans and leases		18.68	%		18.59	%		11.59	%
Total loans and leases		4.78	%		4.85	%		4.77	%
Taxable securities		3.88	%		4.06	%		4.24	%
Tax exempt securities		4.27	%		4.05	%		3.50	%
Other short-term investments		0.25	%		0.36	%		0.10	%
Total interest-earning assets		4.52	%		4.57	%		4.61	%
Interest-bearing liabilities:
Interest checking		0.28	%		0.29	%		0.27	%
Savings		0.45	%		0.48	%		0.70	%
Money market		0.34	%		0.39	%		0.51	%
Foreign office		0.34	%		0.38	%		0.36	%
Other time		2.39	%		2.57	%		2.95	%
Certificates - $100,000 and over		1.94	%		1.95	%		2.27	%
Other		0.26	%		0.09	%		0.09	%
Federal funds purchased		0.19	%		0.17	%		0.13	%
Other short-term borrowings		0.19	%		0.21	%		0.20	%
Long-term debt		2.72	%		2.61	%		2.65	%
Total interest-bearing liabilities		1.04	%		1.13	%		1.39	%
Ratios:
Net interest margin (taxable equivalent)		3.75	%		3.70	%		3.55	%
Net interest rate spread (taxable equivalent)		3.48	%		3.44	%		3.22	%
Interest-bearing liabilities to interest-earning assets		74.74	%		76.48	%		76.74	%

27

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	Year to Date						% Change
	December 2010			December 2009			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	26,334		$	27,556			(4	%)
Commercial mortgage loans		11,585			12,511			(7	%)
Commercial construction loans		3,066			4,638			(34	%)
Commercial leases		3,343			3,543			(6	%)
Residential mortgage loans		9,868			10,886			(9	%)
Home equity		11,996			12,534			(4	%)
Automobile loans		10,427			8,807			18	%
Credit card		1,870			1,907			(2	%)
Other consumer loans and leases		743			1,009			(26	%)
Taxable securities		16,054			15,897			1	%
Tax exempt securities		317			1,203			(74	%)
Other short-term investments		3,328			1,035			221	%
Total interest-earning assets		98,931			101,526			(3	%)
Cash and due from banks		2,245			2,329			(4	%)
Other assets		14,841			14,266			4	%
Allowance for loan and lease losses		(3,583	)		(3,265	)		10	%
Total assets	$	112,434		$	114,856			(2	%)
Liabilities
Interest-bearing liabilities:
Interest checking	$	18,218		$	15,070			21	%
Savings		19,612			16,875			16	%
Money market		4,808			4,320			11	%
Foreign office		3,355			2,108			59	%
Other time		10,526			14,103			(25	%)
Certificates - $100,000 and over		6,083			10,367			(41	%)
Other		6			157			(96	%)
Federal funds purchased		291			517			(44	%)
Other short-term borrowings		1,635			6,463			(75	%)
Long-term debt		10,902			11,035			(1	%)
Total interest-bearing liabilities		75,436			81,015			(7	%)
Demand deposits		19,669			16,862			17	%
Other liabilities		3,580			3,926			(9	%)
Total liabilities		98,685			101,803			(3	%)
Equity		13,749			13,053			5	%
Total liabilities and equity	$	112,434		$	114,856			(2	%)
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.70	%		4.22	%
Commercial mortgage loans		4.11	%		4.35	%
Commercial construction loans		3.01	%		2.90	%
Commercial leases		4.40	%		4.24	%
Residential mortgage loans		4.84	%		5.53	%
Home equity		4.00	%		4.15	%
Automobile loans		5.83	%		6.31	%
Credit card		10.73	%		10.10	%
Other consumer loans and leases		15.58	%		8.49	%
Total loans and leases		4.84	%		4.73	%
Taxable securities		4.05	%		4.52	%
Tax exempt securities		3.92	%		1.71	%
Other short-term investments		0.25	%		0.14	%
Total interest-earning assets		4.56	%		4.62	%
Interest-bearing liabilities:
Interest checking		0.29	%		0.26	%
Savings		0.55	%		0.75	%
Money market		0.40	%		0.60	%
Foreign office		0.35	%		0.45	%
Other time		2.62	%		3.33	%
Certificates - $100,000 and over		2.06	%		2.70	%
Other		0.13	%		0.20	%
Federal funds purchased		0.17	%		0.20	%
Other short-term borrowings		0.21	%		0.64	%
Long-term debt		2.65	%		2.89	%
Total interest-bearing liabilities		1.17	%		1.62	%
Ratios:
Net interest margin (taxable equivalent)		3.66	%		3.32	%
Net interest rate spread (taxable equivalent)		3.39	%		3.00	%
Interest-bearing liabilities to interest-earning assets		76.25	%		79.80	%

28

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	December 2010			September 2010			June 2010			March 2010			December 2009
Assets
Interest-earning assets:
Commercial and industrial loans	$	26,509		$	26,348		$	26,179		$	26,299		$	25,838
Commercial mortgage loans		11,276			11,462			11,772			11,836			12,126
Commercial construction loans		2,289			2,955			3,258			3,781			4,134
Commercial leases		3,314			3,257			3,336			3,468			3,574
Residential mortgage loans		10,693			9,897			9,390			9,478			10,142
Home equity		11,655			11,897			12,102			12,338			12,291
Automobile loans		10,825			10,517			10,170			10,185			8,973
Credit card		1,844			1,838			1,859			1,940			1,982
Other consumer loans and leases		743			683			741			811			860
Taxable securities		15,367			15,580			16,263			17,030			16,999
Tax exempt securities		268			273			343			385			727
Other short-term investments		2,431			3,456			4,285			3,144			1,143
Total interest-earning assets		97,214			98,163			99,698			100,695			98,789
Cash and due from banks		2,284			2,283			2,163			2,247			2,276
Other assets		15,449			15,088			14,550			14,262			14,084
Allowance for loan and lease losses		(3,089	)		(3,680	)		(3,798	)		(3,771	)		(3,644	)
Total assets	$	111,858		$	111,854		$	112,613		$	113,433		$	111,505
Liabilities
Interest-bearing liabilities:
Interest checking	$	17,578		$	17,142		$	18,652		$	19,533		$	16,324
Savings		20,602			19,905			19,446			18,469			17,540
Money market		4,985			4,940			4,679			4,622			4,279
Foreign office		3,733			3,592			3,325			2,757			2,516
Other time		8,490			10,261			11,336			12,059			13,049
Certificates - $100,000 and over		4,858			6,096			6,354			7,049			8,200
Other		9			4			5			8			51
Federal funds purchased		376			302			264			220			423
Other short-term borrowings		1,728			1,880			1,478			1,449			3,029
Long-term debt		10,298			10,954			10,876			11,489			10,404
Total interest-bearing liabilities		72,657			75,076			76,415			77,655			75,815
Demand deposits		21,066			19,362			19,406			18,822			18,137
Other liabilities		4,099			3,544			3,229			3,438			3,829
Total liabilities		97,822			97,982			99,050			99,915			97,781
Equity		14,036			13,872			13,563			13,518			13,724
Total liabilities and equity	$	111,858		$	111,854		$	112,613		$	113,433		$	111,505
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.64	%		4.81	%		4.75	%		4.61	%		4.48	%
Commercial mortgage loans		4.17	%		3.97	%		4.10	%		4.20	%		4.19	%
Commercial construction loans		2.90	%		3.06	%		3.15	%		2.92	%		2.65	%
Commercial leases		4.21	%		4.34	%		4.51	%		4.54	%		4.59	%
Residential mortgage loans		4.64	%		4.81	%		4.77	%		5.18	%		5.19	%
Home equity		3.98	%		3.99	%		4.01	%		4.02	%		4.06	%
Automobile loans		5.41	%		5.71	%		6.01	%		6.24	%		6.18	%
Credit card		10.55	%		10.70	%		10.91	%		10.76	%		9.66	%
Other consumer loans and leases		18.68	%		18.59	%		13.65	%		11.87	%		11.59	%
Total loans and leases		4.78	%		4.85	%		4.86	%		4.87	%		4.77	%
Taxable securities		3.88	%		4.06	%		3.96	%		4.28	%		4.24	%
Tax exempt securities		4.27	%		4.05	%		3.82	%		3.65	%		3.50	%
Other short-term investments		0.25	%		0.36	%		0.20	%		0.18	%		0.10	%
Total interest-earning assets		4.52	%		4.57	%		4.51	%		4.62	%		4.61	%
Interest-bearing liabilities:
Interest checking		0.28	%		0.29	%		0.30	%		0.28	%		0.27	%
Savings		0.45	%		0.48	%		0.60	%		0.67	%		0.70	%
Money market		0.34	%		0.39	%		0.42	%		0.46	%		0.51	%
Foreign office		0.34	%		0.38	%		0.36	%		0.34	%		0.36	%
Other time		2.39	%		2.57	%		2.70	%		2.75	%		2.95	%
Certificates - $100,000 and over		1.94	%		1.95	%		2.13	%		2.16	%		2.27	%
Other		0.26	%		0.09	%		0.10	%		0.02	%		0.09	%
Federal funds purchased		0.19	%		0.17	%		0.17	%		0.13	%		0.13	%
Other short-term borrowings		0.19	%		0.21	%		0.21	%		0.23	%		0.20	%
Long-term debt		2.72	%		2.61	%		2.64	%		2.64	%		2.65	%
Total interest-bearing liabilities		1.04	%		1.13	%		1.23	%		1.29	%		1.39	%
Ratios:
Net interest margin (taxable equivalent)		3.75	%		3.70	%		3.57	%		3.63	%		3.55	%
Net interest rate spread (taxable equivalent)		3.48	%		3.44	%		3.28	%		3.33	%		3.22	%
Interest-bearing liabilities to interest-earning assets		74.74	%		76.48	%		76.65	%		77.12	%		76.74	%

29

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	December 2010		September 2010		June 2010		March 2010		December 2009
Average Loans and Leases
Commercial:
Commercial and industrial loans	$	26,338	$	26,344	$	26,176	$	26,294	$	25,816
Commercial mortgage loans		10,985		11,375		11,659		11,708		11,981
Commercial construction loans		2,171		2,885		3,160		3,700		4,024
Commercial leases		3,314		3,257		3,336		3,467		3,574
Subtotal - commercial		42,808		43,861		44,331		45,169		45,395
Consumer:
Residential mortgage loans		8,382		7,837		7,805		7,976		8,129
Home equity		11,655		11,897		12,102		12,338		12,291
Automobile loans		10,825		10,517		10,170		10,185		8,973
Credit card		1,844		1,838		1,859		1,940		1,982
Other consumer loans and leases		722		667		706		773		831
Subtotal - consumer		33,428		32,756		32,642		33,212		32,206
Total average loans and leases (excluding held for sale)	$	76,236	$	76,617	$	76,973	$	78,381	$	77,601
Average loans held for sale		2,912		2,237		1,834		1,756		2,319
End of Period Loans and Leases
Commercial:
Commercial and industrial loans	$	27,191	$	26,302	$	26,008	$	26,131	$	25,683
Commercial mortgage loans		10,845		10,985		11,481		11,744		11,803
Commercial construction loans		2,048		2,349		2,965		3,277		3,784
Commercial leases		3,378		3,304		3,271		3,388		3,535
Subtotal - commercial		43,462		42,940		43,725		44,540		44,805
Consumer:
Residential mortgage loans		8,956		7,975		7,707		7,918		8,035
Home equity		11,513		11,774		11,987		12,186		12,174
Automobile loans		10,983		10,738		10,285		10,180		8,995
Credit card		1,896		1,832		1,841		1,863		1,990
Other consumer loans and leases		681		750		687		736		780
Subtotal - consumer		34,029		33,069		32,507		32,883		31,974
Total portfolio loans and leases	$	77,491	$	76,009	$	76,232	$	77,423	$	76,779
Core business activity		1,922		2,034		1,983		1,364		1,851
Portfolio management activity		294		699		167		243		216
Total loans held for sale		2,216		2,733		2,150		1,607		2,067
Operating lease equipment		479		470		489		492		499
Loans and Leases Serviced for Others (a):
Commercial and industrial loans		490		452		492		503		1,193
Commercial mortgage loans		337		335		315		291		264
Commercial construction loans		55		55		43		134		196
Commercial leases		125		133		143		146		150
Residential mortgage loans		54,234		52,433		51,325		50,293		48,638
Home equity		—		—		—		—		263
Automobile loans		—		—		—		—		1,230
Credit card		—		—		—		—		15
Other consumer loans and leases		—		—		—		—		7
Total loans and leases serviced for others		55,241		53,408		52,318		51,367		51,956
Total loans and leases serviced	$	135,427	$	132,620	$	131,189	$	130,889	$	131,301

(a) Fifth Third sells certain loans and leases and obtains servicing responsibilities

30

Fifth Third Bancorp and Subsidiaries

Regulatory Capital (a)

$ in millions

(unaudited)

	As of
	December 2010			September 2010			June 2010			March 2010			December 2009
Tier I capital:
Bancorp shareholders’ equity	$	14,051		$	13,884		$	13,701		$	13,408		$	13,497
Goodwill and certain other intangibles		(2,546	)		(2,525	)		(2,537	)		(2,556	)		(2,565	)
Unrealized (gains) losses		(314	)		(432	)		(440	)		(288	)		(240	)
Qualifying trust preferred securities		2,763			2,763			2,763			2,763			2,763
Other		11			8			(25	)		(30	)		(27	)
Total tier I capital	$	13,965		$	13,698		$	13,462		$	13,297		$	13,428
Total risk-based capital:
Tier I capital	$	13,965		$	13,698		$	13,462		$	13,297		$	13,428
Qualifying allowance for credit losses		1,278			1,265			1,267			1,277			1,297
Qualifying subordinated notes		2,930			3,114			3,012			2,843			2,923
Total risk-based capital	$	18,173		$	18,077		$	17,741		$	17,417		$	17,648
Risk-weighted assets (b)	$	100,193		$	98,904		$	98,604		$	99,281		$	100,933
Ratios:
Average shareholders’ equity to average assets		12.52	%		12.38	%		12.04	%		11.92	%		12.31	%
Regulatory capital:
Fifth Third Bancorp
Tier I capital		13.94	%		13.85	%		13.65	%		13.39	%		13.30	%
Total risk-based capital		18.14	%		18.28	%		17.99	%		17.54	%		17.48	%
Tier I leverage		12.79	%		12.54	%		12.24	%		12.00	%		12.34	%
Tier I common equity		7.50	%		7.34	%		7.17	%		6.96	%		6.99	%
Fifth Third Bank
Tier I capital		13.18	%		14.48	%		14.23	%		13.88	%		13.49	%
Total risk-based capital		15.17	%		16.49	%		16.24	%		15.88	%		15.56	%
Tier I leverage		12.08	%		13.10	%		12.75	%		12.41	%		12.69	%
Tier I common equity		13.18	%		14.48	%		14.23	%		13.88	%		13.50	%

(a) Current period regulatory capital data and ratios are estimated.

(b) Under the banking agencies’ risk-based capital guidelines, assets and credit equivalent amounts of derivatives and off-balance sheet exposures are assigned to broad risk categories. The aggregate dollar amount in each risk category is multiplied by the associated risk weight of the category. The resulting weighted values are added together resulting in the Bancorp’s total risk weighted assets.

31

Fifth Third Bancorp and Subsidiaries

Summary of Credit Loss Experience

$ in millions

(unaudited)

	For the Three Months Ended
	December 2010			September 2010			June 2010			March 2010			December 2009
Average loans and leases (excluding held for sale):
Commercial and industrial loans	$	26,338		$	26,344		$	26,176		$	26,294		$	25,816
Commercial mortgage loans		10,985			11,375			11,659			11,708			11,981
Commercial construction loans		2,171			2,885			3,160			3,700			4,024
Commercial leases		3,314			3,257			3,336			3,467			3,574
Residential mortgage loans		8,382			7,837			7,805			7,976			8,129
Home equity		11,655			11,897			12,102			12,338			12,291
Automobile loans		10,825			10,517			10,170			10,185			8,973
Credit card		1,844			1,838			1,859			1,940			1,982
Other consumer loans and leases		722			667			706			773			831
Total average loans and leases (excluding held for sale)	$	76,236		$	76,617		$	76,973		$	78,381		$	77,601
Losses charged off:
Commercial and industrial loans	($	98	)	($	247	)	($	111	)	($	175	)	($	197	)
Commercial mortgage loans		(83	)		(271	)		(85	)		(102	)		(144	)
Commercial construction loans		(15	)		(126	)		(45	)		(80	)		(134	)
Commercial leases		(1	)		(1	)		(1	)		(4	)		(11	)
Residential mortgage loans		(63	)		(205	)		(85	)		(88	)		(78	)
Home equity		(68	)		(69	)		(64	)		(75	)		(85	)
Automobile loans		(28	)		(27	)		(32	)		(44	)		(41	)
Credit card		(35	)		(38	)		(44	)		(46	)		(46	)
Other consumer loans and leases		(8	)		(8	)		(5	)		(8	)		(7	)
Total losses		(399	)		(992	)		(472	)		(622	)		(743	)
Recoveries of losses previously charged off:
Commercial and industrial loans		13			10			7			14			14
Commercial mortgage loans		3			3			7			3			2
Commercial construction loans		4			5			2			2			(1	)
Commercial leases		4			—			1			—			3
Residential mortgage loans		1			1			—			—			—
Home equity		3			3			3			2			3
Automobile loans		9			10			12			13			9
Credit card		2			2			2			2			2
Other consumer loans and leases		4			2			4			4			3
Total recoveries		43			36			38			40			35
Net losses charged off:
Commercial and industrial loans		(85	)		(237	)		(104	)		(161	)		(183	)
Commercial mortgage loans		(80	)		(268	)		(78	)		(99	)		(142	)
Commercial construction loans		(11	)		(121	)		(43	)		(78	)		(135	)
Commercial leases		3			(1	)		—			(4	)		(8	)
Residential mortgage loans		(62	)		(204	)		(85	)		(88	)		(78	)
Home equity		(65	)		(66	)		(61	)		(73	)		(82	)
Automobile loans		(19	)		(17	)		(20	)		(31	)		(32	)
Credit card		(33	)		(36	)		(42	)		(44	)		(44	)
Other consumer loans and leases		(4	)		(6	)		(1	)		(4	)		(4	)
Total net losses charged off	($	356	)	($	956	)	($	434	)	($	582	)	($	708	)
Net charge-off Ratios:
Commercial and industrial loans		1.27	%		3.57	%		1.58	%		2.49	%		2.81	%
Commercial mortgage loans		2.86	%		9.34	%		2.68	%		3.42	%		4.69	%
Commercial construction loans		1.88	%		16.58	%		5.46	%		8.57	%		13.28	%
Commercial leases		(0.34	%)		0.10	%		(0.01	%)		0.44	%		0.88	%
Residential mortgage loans		2.93	%		10.37	%		4.35	%		4.46	%		3.82	%
Home equity		2.20	%		2.19	%		2.03	%		2.38	%		2.65	%
Automobile loans		0.68	%		0.65	%		0.80	%		1.27	%		1.38	%
Credit card		7.12	%		7.68	%		9.05	%		9.23	%		8.81	%
Other consumer loans and leases		4.09	%		3.88	%		0.31	%		2.07	%		2.49	%
Total net charge-off ratio		1.86	%		4.95	%		2.26	%		3.01	%		3.62	%

32

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	December 2010			September 2010			June 2010			March 2010			December 2009
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	3,194		$	3,693		$	3,802		$	3,749		$	3,681
Impact of change in accounting principle		—			—			—			45			—
Total net losses charged off		(356	)		(956	)		(434	)		(582	)		(708	)
Provision for loan and lease losses		166			457			325			590			776
Allowance for loan and lease losses, ending	$	3,004		$	3,194		$	3,693		$	3,802		$	3,749
Reserve for unfunded commitments, beginning	$	231		$	254		$	260		$	294		$	284
Impact of change in accounting principle		—			—			—			(43	)		—
Provision for unfunded commitments		(4	)		(23	)		(6	)		9			10
Reserve for unfunded commitments, ending	$	227		$	231		$	254		$	260		$	294
Components of allowance for credit losses:
Allowance for loan and lease losses	$	3,004		$	3,194		$	3,693		$	3,802		$	3,749
Reserve for unfunded commitments		227			231			254			260			294
Total allowance for credit losses	$	3,231		$	3,425		$	3,947		$	4,062		$	4,043
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	557		$	525		$	731		$	746		$	734
Commercial mortgage loans		407			464			773			853			898
Commercial construction loans		182			211			383			479			646
Commercial leases		11			30			45			55			67
Residential mortgage loans		152			124			282			266			275
Home equity		23			23			21			23			21
Automobile loans		1			1			1			1			1
Other consumer loans and leases		—			—			—			—			—
Total nonaccrual portfolio loans and leases		1,333			1,378			2,236			2,423			2,642
Restructured loans and leases - commercial (non accrual)		141			31			48			39			47
Restructured loans and leases - consumer (non accrual)		206			175			246			271			258
Total nonperforming portfolio loans and leases		1,680			1,584			2,530			2,733			2,947
Repossessed personal property		27			29			16			21			22
Other real estate owned		467			469			423			375			275
Total nonperforming assets (a)		2,174			2,082			2,969			3,129			3,244
Nonaccrual loans held for sale		247			680			163			239			220
Restructured loans - commercial (non accrual) held for sale		47			19			4			4			4
Total nonperforming assets including loans held for sale	$	2,468		$	2,781		$	3,136		$	3,372		$	3,468
Restructured Consumer loans and leases (accrual)	$	1,560		$	1,588		$	1,602		$	1,480		$	1,392
Restructured Commercial loans and leases (accrual)	$	228		$	146		$	113		$	76		$	68
Ninety days past due loans and leases:
Commercial and industrial loans	$	16		$	29		$	48		$	63		$	118
Commercial mortgage loans		11			29			53			44			59
Commercial construction loans		3			5			37			9			17
Commercial leases		—			1			4			4			4
Total commercial loans and leases		30			64			142			120			198
Residential mortgage loans		100			111			107			157			189
Home equity		89			87			90			89			99
Automobile loans		13			13			12			13			17
Credit card		42			42			46			57			64
Other consumer loans and leases		—			—			—			—			—
Total consumer loans and leases		244			253			255			316			369
Total ninety days past due loans and leases	$	274		$	317		$	397		$	436		$	567
Ratios
Net losses charged off as a percent of average loans and leases		1.86	%		4.95	%		2.26	%		3.01	%		3.62	%
Allowance for loan and lease losses:
As a percent of loans and leases		3.88	%		4.20	%		4.85	%		4.91	%		4.88	%
As a percent of nonperforming loans and leases (a)		179	%		202	%		146	%		139	%		127	%
As a percent of nonperforming assets (a)		138	%		153	%		124	%		122	%		116	%
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned (a)		2.15	%		2.07	%		3.30	%		3.51	%		3.82	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (a)		2.79	%		2.72	%		3.87	%		4.02	%		4.22	%
Nonperforming assets as a percent of total loans, leases and other assets, including other real estate owned		3.08	%		3.51	%		3.98	%		4.24	%		4.38	%

(a) Does not include nonaccrual loans held for sale

33

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

	For the Three Months Ended
	December 2010			September 2010			June 2010			March 2010			December 2009
Total Bancorp shareholders’ equity (U.S. GAAP)		14,051			13,884			13,701			13,408			13,497
Less:
Preferred stock		(3,654	)		(3,642	)		(3,631	)		(3,620	)		(3,609	)
Goodwill		(2,417	)		(2,417	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(62	)		(72	)		(83	)		(94	)		(106	)
Tangible common equity, including unrealized gains / losses (a)		7,918			7,753			7,570			7,277			7,365
Less: Accumulated other comprehensive income / loss		(314	)		(432	)		(440	)		(288	)		(241	)
Tangible common equity, excluding unrealized gains / losses (b)		7,604			7,321			7,130			6,989			7,124
Add back: Preferred stock		3,654			3,642			3,631			3,620			3,609
Tangible equity (c)		11,258			10,963			10,761			10,609			10,733
Total assets (U.S. GAAP)		111,007			112,322			112,025			112,651			113,380
Less:
Goodwill		(2,417	)		(2,417	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(62	)		(72	)		(83	)		(94	)		(106	)
Tangible assets, including unrealized gains / losses (d)		108,528			109,833			109,525			110,140			110,857
Less: Accumulated other comprehensive income / loss, before tax		(483	)		(665	)		(677	)		(443	)		(370	)
Tangible assets, excluding unrealized gains / losses (e)		108,045			109,168			108,848			109,697			110,487
Total Bancorp shareholders’ equity (U.S. GAAP)		14,051			13,884			13,701			13,408			13,497
Goodwill and certain other intangibles		(2,546	)		(2,525	)		(2,537	)		(2,556	)		(2,565	)
Unrealized gains		(314	)		(432	)		(440	)		(288	)		(241	)
Qualifying trust preferred securities		2,763			2,763			2,763			2,763			2,763
Other		11			8			(25	)		(30	)		(26	)
Tier I capital		13,965			13,698			13,462			13,297			13,428
Less:
Preferred stock		(3,654	)		(3,642	)		(3,631	)		(3,620	)		(3,609	)
Qualifying trust preferred securities		(2,763	)		(2,763	)		(2,763	)		(2,763	)		(2,763	)
Qualifying noncontrolling interest in consolidated subsidiaries		(30	)		(30	)		—			—			—
Tier I common equity (f)		7,518			7,263			7,068			6,914			7,056
Common shares outstanding (g)		796			796			796			795			795
Risk-weighted assets, determined in accordance with prescribed regulatory requirements (h)		100,193			98,904			98,604			99,281			100,933
Ratios:
Tangible equity (c) / (e)		10.42	%		10.04	%		9.89	%		9.67	%		9.71	%
Tangible common equity (excluding unrealized gains/losses) (b) / (e)		7.04	%		6.70	%		6.55	%		6.37	%		6.45	%
Tangible common equity (including unrealized gains/losses) (a) / (d)		7.30	%		7.06	%		6.91	%		6.61	%		6.64	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (b) / (h)		7.59	%		7.40	%		7.23	%		7.04	%		7.06	%
Tangible book value per share (a) / (g)		9.94			9.74			9.51			9.16			9.26
Tier I common equity (f) / (h)		7.50	%		7.34	%		7.17	%		6.96	%		6.99	%

34

Fifth Third Bancorp and Subsidiaries

Segment Presentation

$ in millions

(unaudited)

For the three months ended December 31, 2010	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		390			357			108			29			35			919
Provision for loan and lease losses		(135	)		(117	)		(93	)		(11	)		190			(166	)
Net interest income after provision for loan and lease losses		255			240			15			18			225			753
Total noninterest income		170			225			159			90			12			656
Total noninterest expense		(266	)		(390	)		(157	)		(108	)		(66	)		(987	)
Net income before taxes		159			75			17			—			171			422
Applicable income taxes (a)		(17	)		(26	)		(6	)		—			(39	)		(88	)
Net income		142			49			11			—			132			334
Net income attributable to noncontrolling interest		—			—			—			—			1			1
Net income attributable to Bancorp		142			49			11			—			131			333
Dividends on preferred stock		—			—			—			—			63			63
Net income available to common shareholders		142			49			11			—			68			270
For the three months ended September 30, 2010	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		389			381			105			35			6			916
Provision for loan and lease losses		(559	)		(150	)		(235	)		(12	)		499			(457	)
Net interest income after provision for loan and lease losses		(170	)		231			(130	)		23			505			459
Total noninterest income		139			227			225			88			148			827
Total noninterest expense		(246	)		(387	)		(146	)		(101	)		(99	)		(979	)
Net income (loss) before taxes		(277	)		71			(51	)		10			554			307
Applicable income taxes (a)		132			(25	)		18			(4	)		(190	)		(69	)
Net income (loss)		(145	)		46			(33	)		6			364			238
Net income (loss) attributable to noncontrolling interest		—			—			—			—			—			—
Net income (loss) attributable to Bancorp		(145	)		46			(33	)		6			364			238
Dividends on preferred stock		—			—			—			—			63			63
Net income (loss) available to common shareholders		(145	)		46			(33	)		6			301			175
For the three months ended June 30, 2010	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		390			380			96			36			(15	)		887
Provision for loan and lease losses		(188	)		(121	)		(117	)		(8	)		109			(325	)
Net interest income after provision for loan and lease losses		202			259			(21	)		28			94			562
Total noninterest income		164			227			123			87			19			620
Total noninterest expense		(241	)		(391	)		(139	)		(100	)		(64	)		(935	)
Net income (loss) before taxes		125			95			(37	)		15			49			247
Applicable income taxes (a)		(9	)		(33	)		13			(5	)		(21	)		(55	)
Net income (loss)		116			62			(24	)		10			28			192
Dividends on preferred stock		—			—			—			—			62			62
Net income (loss) available to common shareholders		116			62			(24	)		10			(34	)		130
For the three months ended March 31, 2010	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		377			382			109			38			(5	)		901
Provision for loan and lease losses		(278	)		(153	)		(137	)		(13	)		(9	)		(590	)
Net interest income after provision for loan and lease losses		99			229			(28	)		25			(14	)		311
Total noninterest income		161			213			155			91			7			627
Total noninterest expense		(237	)		(374	)		(118	)		(96	)		(131	)		(956	)
Net income (loss) before taxes		23			68			9			20			(138	)		(18	)
Applicable income taxes (a)		28			(24	)		(3	)		(7	)		14			8
Net income (loss)		51			44			6			13			(124	)		(10	)
Dividends on preferred stock		—			—			—			—			62			62
Net income (loss) available to common shareholders		51			44			6			13			(186	)		(72	)
For the three months ended December 31, 2009	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		357			388			109			40			(12	)		882
Provision for loan and lease losses		(405	)		(159	)		(128	)		(14	)		(70	)		(776	)
Net interest income after provision for loan and lease losses		(48	)		229			(19	)		26			(82	)		106
Total noninterest income		144			236			132			89			50			651
Total noninterest expense		(243	)		(349	)		(130	)		(94	)		(151	)		(967	)
Net income (loss) before taxes		(147	)		116			(17	)		21			(183	)		(210	)
Applicable income taxes (a)		84			(41	)		6			(7	)		70			112
Net income (loss)		(63	)		75			(11	)		14			(113	)		(98	)
Dividends on preferred stock		—			—			—			—			62			62
Net income (loss) available to common shareholders		(63	)		75			(11	)		14			(175	)		(160	)

(a) Includes taxable equivalent adjustments of $5 million for the three months ended December 31, 2010, $4 million for the three months ended September 30, 2010, $5 million for the three months ended June 30, 2010, $4 million for the three months ended March 31, 2010 and $5 for the three months ended December 31, 2009.

35

EX-99.2

©

Fifth Third Bank | All Rights Reserved

4Q10 Earnings Conference Call

January 19, 2011

Please refer to earnings release dated January 19, 2011 for further information.

Exhibit 99.2

2

©

Fifth Third Bank | All Rights Reserved

Cautionary statement

This report contains 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. 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, including the

recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act; (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. 

3

©

Fifth Third Bank | All Rights Reserved

4Q10 in review

Credit continuing to improve

•

Net charge-offs of $356 million (1.86 percent of loans and leases) vs. 3Q10

NCOs of $956 million (3Q10 included $510 million of losses on the sale or

transfer of loans to held-for-sale and $446 million of losses on remaining loan

portfolio)

•

Total NPAs

of $2.5 billion including held-for-sale declined $313 million or 11

percent sequentially to lowest level since 2008 

–

Total delinquencies down 7% sequentially (lowest level since 1Q07)

•

Provision expense of $166 million

•

Loan loss allowance of 3.88%; coverage 138% of NPAs

and 179% 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 $270 million, $0.33 per diluted

share

•

Period end loans and leases up $1.5 billion or 2% sequentially

•

Pre-provision net revenue (PPNR)* of $583 million reflecting solid net interest

income, mortgage banking revenue, and corporate revenue results.

•

Return on average assets of 1.18%; return on average common equity of 10.4%

•

Strong capital ratios: Tier 1 common 7.50%, Tier 1 ratio 13.94%,

Total capital

ratio 18.14%

•

Extended $26 billion of new and renewed credit

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

4

©

Fifth Third Bank | All Rights Reserved

Financial summary

•

4Q10 earnings $0.33 per diluted share, up 50% sequentially, demonstrating strong operating results and continued improvement in credit

results

•

Return on average assets of 1.18% and return on average common equity of 10.4%.

•

Strong net interest income and net interest margin performance

–

Reflected

ongoing

CD

repricing

and

deposit

mix

shift

out

of

CDs,

as

well

as

higher

average

total

loan

balances

and

continued

deposit

pricing discipline, partially offset by effect of FTPS loan refinancing

–

Average core deposits up 6% year-over-year; up 2% sequentially, reflecting seasonally high DDA balances and includes decline in

consumer CDs

•

4Q10 NCO ratio of 1.86% reflecting continued improvement in the credit quality of loans as well as the benefit from 3Q10 credit actions

Actual

Seq.

YOY

($ in millions)

4Q09

3Q10

4Q10

$

%

$

%

Average Balances

Commercial loans

$45,395

$43,861

$42,808

($1,053)

(2%)

($2,587)

(6%)

Consumer loans

32,206

32,756

33,428

671

2%

1,222

4%

Total loans & leases (excl. held-for-sale)

$77,601

$76,617

$76,236

($381)

0%

($1,365)

(2%)

Core deposits

$71,845

$75,202

$76,454

$1,252

2%

$4,609

6%

Income Statement Data

Net interest income (taxable equivalent)

$883

$916

$919

$3

0%

$36

4%

Provision for loan and lease losses

776

457

166

(290)

(64%)

(610)

(79%)

Noninterest income

651

827

656

(171)

(21%)

4

1%

Noninterest expense

967

979

987

8

1%

20

2%

Net Income (loss)

($98)

$238

$333

$95

40%

$431

NM

Diluted earnings after preferred dividends

($160)

$175

$270

$95

54%

$430

NM

Pre-provision net revenue

$562

$760

$583

($177)

(23%)

$21

4%

Earnings per share, basic

($0.20)

$0.22

$0.34

$0.12

55%

$0.54

NM

Earnings per share, diluted

($0.20)

$0.22

$0.33

$0.11

50%

$0.53

NM

Net interest margin

3.55%

3.70%

3.75%

5 bps

1%

20bps

6%

Return on average assets

(0.35%)

0.84%

1.18%

50bps

40%

153bps

NM

5

©

Fifth Third Bank | All Rights Reserved

Net interest income

NII and NIM (FTE)

•

Sequential trends in net interest income and net

interest margin (FTE) reflect CD repricing,

deposit mix shift out of CDs, higher average total

loan balances and continued deposit pricing

discipline partially offset by effect of FTPS loan

refinancing

–

NII up $3 million sequentially and up $36

million, or 4%, year-over-year

–

NIM up 5 bps sequentially and 20 bps year-

over-year

(bps)

* Represents purchase accounting adjustments included in net interest income.

Yields and rates

($mm)

•

Yield on interest-earning assets down 5 bps

sequentially and down 9 bps year-over-year

–

Average loan and lease yield down 7 bps

sequentially and up 1 bp

versus prior year

•

Cost of interest-bearing liabilities down 9 bps

sequentially and down 35 bps versus prior year

6

©

Fifth Third Bank | All Rights Reserved

Balance sheet

•

Extended $26 billion of new and renewed credit in 4Q10

•

C&I loans flat sequentially and up 2% from the previous year

•

CRE loans down 8% sequentially and 18% from the previous year

•

Consumer loans up 2% sequentially and up 4% from the previous year

•

Warehoused residential mortgage loans held-for-sale were $2.3 billion at

quarter end

Flat QoQ;  (2%) YoY

+2% QoQ; +6% YoY

•

Core deposit to loan ratio of 100%, up from 93% in 4Q09

•

DDAs

up 9% sequentially and 16% year-over-year

•

Retail average transaction deposits up 4% sequentially and 14% from the

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

checking account balances

•

Commercial average transaction deposits up 5% sequentially, driven by growth

in demand deposit interest checking account balance

–

Excluding public funds balances, commercial average transaction deposits

increased 6% sequentially and 33% over prior year

Average loan growth ($B)^

Average core deposit growth ($B)

78

78

72

76

Average wholesale funding ($B)

20

22

•

Reduced wholesale funding by $4.8 billion from the fourth quarter of 2009

–

Non-core deposits down 20% sequentially and 41% from the previous year

–

Short term borrowings down 4% sequentially and 39% from the previous

year

–

Long-term debt down 6% sequentially and 1% from the previous year

^ Excludes loans held-for-sale

Note: Numbers may not sum due to rounding

77

77

19

19

75

76

17

7

©

Fifth Third Bank | All Rights Reserved

Noninterest income

•

Noninterest income of $656 million down $171 million, or 21%, from prior quarter; excluding 3Q10 BOLI settlement

noninterest income decreased $19 million, or 3%, compared with 3Q10 noninterest income of $675 million driven by

exceptionally strong third quarter mortgage results

–

Strong corporate banking revenue results; mortgage banking net revenue largely driven by originations of $7.4

billion

•

OREO write-downs, negative fair value adjustments, and gains/losses on loan

sales recorded in other noninterest

income continue to negatively impact noninterest income:

Noninterest income

Note: Numbers may not sum due to rounding

Actual

($ in millions)

4Q09

3Q10

4Q10

Gain / (loss) on sale of loans

8

(1)

21

Commercial loans HFS FV adjustment

(17)

(9)

(35)

Gain / (loss) on sale of OREO properties

(21)

(29)

(19)

Mortgage repurchase costs

(2)

(2)

(1)

Total credit-related revenue

($31)

($42)

($34)

Actual

Seq.

YOY

4Q09

3Q10

4Q10

$

%

$

%

($ in millions)

Service charges on deposits

$159

$143

$140

($3)

(2%)

($19)

(12%)

Corporate banking revenue

89

86

103

17

20%

14

16%

Mortgage banking revenue

132

232

149

(83)

(36%)

17

13%

Investment advisory services

86

90

93

3

3%

7

8%

Card and processing revenue

76

77

81

4

5%

5

7%

Other noninterest income

107

195

55

(140)

(72%)

(52)

(49%)

Securities gain (losses), net

2

4

21

17

NM

19

NM

Securities gains, net -

-

-

14

14

14

non-qualifying hedges on MSRs

NM

NM

Noninterest income

$651

$827

$656

$ (171)

(21%)

$5

1%

8

©

Fifth Third Bank | All Rights Reserved

Noninterest expense

Noninterest expense

•

Noninterest expense of $987 million increased $8 million, or 1%,

compared with 3Q10, driven by an increase in

revenue-based incentives; 4Q10 included a $17

million charge related to termination of FHLB debt and 3Q10 included

$25 million in legal expenses associated with the BOLI settlement

–

Year-over-year increase also impacted by growth in salaries, wages, and incentives due to higher levels of

production and investment in sales force expansion

•

Credit related expenses declined but remain elevated:

Note: Numbers may not sum due to rounding

Actual

Seq.

YOY

4Q09

3Q10

4Q10

$

%

$

%

($ in millions)

Salaries, wages and incentives

$331

$360

$385

$25

7%

$54

16%

Employee benefits

69

82

73

(9)

(11%)

3

5%

Net occupancy expense

75

72

76

4

5%

1

1%

Technology and communications

47

48

52

4

8%

4

9%

Equipment expense

31

30

32

2

5%

1

3%

Card and processing expense

27

26

26

0

2%

(1)

(2%)

Other noninterest expense

387

361

343

(19)

(5%)

(44)

(11%)

Noninterest expense

$967

$979

$987

$8

1%

$20

2%

Actual

($ in millions)

4Q09

3Q10

4Q10

Mortgage repurchase expense

$17

$45

$20

Provision for unfunded commitments

11

(23)

(4)

Derivative valuation adjustments

(2)

8

(1)

OREO expense

9

9

11

Other work-out related expenses

37

28

27

Total credit-related operating expenses

$73

$67

$53

9

©

Fifth Third Bank | All Rights Reserved

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 $583 million down 23% from strong 3Q10 levels which included the BOLI

litigation settlement and higher mortgage banking revenue, and up 4% over prior year

reflecting solid net interest income and mortgage banking revenue results

•

Adjusted PPNR of $576 million, including adjustments totaling ($27) million, resulting in

adjusted sequential decrease of 9% and year-over-year increase of 2%

•

Excluding the impact of credit-related adjustments ($87mm in 4Q10), PPNR down 11% versus

3Q10; stable versus 4Q09

Adjusted PPNR +2% Credit adjusted PPNR flat%

Core PPNR reconciliation

4Q09

1Q10

2Q10

3Q10

4Q10

Reported PPNR

$562

$568

$567

$760

$583

Adjustments:

BOLI

-

-

-

(127)

-

Gain on sale of Visa shares

-

9

-

-

-

Divested merchant and EFT revenue

(2)

-

-

-

-

Securities gains/losses

(2)

(14)

(8)

(4)

(21)

Other litigation reserve expense

22

4

3

-

-

FTPS warrants + puts

(20)

2

(10)

5

(3)

Extinguishment of FHLB funding

-

-

-

-

17

Divested merchant and EFT expense (estimated)

2

-

-

-

-

Adjusted PPNR

$562

$569

$552

$634

$576

Credit

Related

Items:

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

31

1

15

42

34

Problem asset work-out expenses

73

91

55

67

53

Credit adjusted PPNR

$666

$661

$622

$743

$663

10

©

Fifth Third Bank | All Rights Reserved

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

6.5%

6.4%

6.6%

6.7%

7.0%

0%

1%

2%

3%

4%

5%

6%

7%

8%

4Q09

1Q10

2Q10

3Q10

4Q10

Tangible common equity ratio^

7.0%

7.0%

7.2%

7.3%

7.5%

0%

1%

2%

3%

4%

5%

6%

7%

8%

4Q09

1Q10

2Q10

3Q10

4Q10

Tier I common equity

9.9%

10.0%

10.3%

10.5%

10.5%

13.9%

13.3%

13.4%

13.7%

13.9%

0%

2%

4%

6%

8%

10%

12%

14%

4Q09

1Q10

2Q10

3Q10

4Q10

Tier 1 Capital Ratio ex-TARP

Tier 1 Capital Ratio

Tier I capital ratio

14.1%

14.1%

14.6%

14.9%

14.7%

18.3%

17.5%

17.5%

18.0%

18.1%

0%

5%

10%

15%

20%

4Q09

1Q10

2Q10

3Q10

4Q10

Total RBC ratio ex-TARP

Total RBC ratio

Total risk-based capital ratio

11

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Fifth Third Bank | All Rights Reserved

Net charge-offs

Net charge-offs by loan type

Net charge-offs by geography

Net charge-offs ($mm)

$mm

%

Commercial

$173

49%

Consumer

$183

51%

Total  

$356

100%

Actual

Seq.

YOY

($ in millions)

4Q09

3Q10

4Q10

$

%

$

%

C&I

$183

$237

$85

($152)

(64%)

($98)

(54%)

Commercial mortgage

142

268

80

($188)

(70%)

($62)

(44%)

Commercial construction

135

121

11

($110)

(91%)

($124)

(92%)

Commercial lease

8

1

(3)

($4)

(400%)

($11)

(138%)

Commercial

$468

$627

$173

($454)

(72%)

($295)

(63%)

Residential mortgage loans

78

204

62

(142)

(70%)

(16)

(21%)

Home equity

82

66

65

(1)

(2%)

(17)

(21%)

Automobile

32

17

19

2

12%

(13)

(41%)

Credit card

44

36

33

(3)

(8%)

(11)

(25%)

Other consumer

4

6

4

(2)

(33%)

0

0%

Consumer

$240

$329

$183

($146)

(44%)

($57)

(24%)

Total net charge-offs

$708

$956

$356

($600)

(63%)

($352)

(50%)

Charge-offs down due to improving credit trends and effect of 3Q10 credit actions*

* See slide 36 for more information

12

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Fifth Third Bank | All Rights Reserved

Nonperforming assets

•

NPAs

of $2.17B excluding held-for-sale

•

Commercial NPAs

of $1.66B, down 35% from

the previous year

–

Homebuilder/developer NPAs

of

$259mm; represent 16% of total NPAs

•

Consumer NPAs

of $513mm, down 27% from

the previous year

•

NPAs

in held-for-sale of $294mm

•

Decline in 3Q10 largely driven by credit

actions*

C&I / Lease

$723mm, 33%

CRE

$938mm, 43%

Residential

$440mm, 20%

Other Consumer

$73mm, 3%

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

NORTH

CAROLINA

OTHER /

NATIONAL

NPAs

exclude loans held-for-sale.

* See slide 36 for more information

Nonperforming assets ($mm)

$3,244

$3,129

Nonperforming assets continue to improve

$2,969

$2,082

$2,174

13

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Fifth Third Bank | All Rights Reserved

NPL Rollforward

Significant improvement in NPL inflows over past two years

NPL HFI Rollforward

Commercial

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

Beginning NPL Amount

1,406

1,937

2,110

2,430

2,392

2,172

1,980

1,261

New nonaccrual loans

799

544

832

602

405

310

290

308

Paydowns, payoffs, sales and net other activity

(157)

(190)

(246)

(332)

(425)

(401)

(631)

(169)

Charge-offs

(111)

(181)

(266)

(308)

(200)

(100)

(379)

(103)

Ending Commercial NPL

1,937

2,110

2,430

2,392

2,172

1,980

1,261

1,298

Consumer

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

Beginning NPL Amount

457

459

477

517

555

561

550

323

New nonaccrual loans

157

125

160

152

137

205

157

159

Net other activity

(155)

(107)

(120)

(114)

(131)

(216)

(384)

(100)

Ending Consumer NPL

459

477

517

555

561

550

323

382

Total NPL

2,396

2,587

2,947

2,947

2,733

2,530

1,584

1,680

Total new nonaccrual loans -

HFI

956

669

992

754

542

515

447

467

14

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Fifth Third Bank | All Rights Reserved

Non-performing loans

Non-performing loans ($mm)

$2.9B

$2.7B

Non-performing loans improving with lower

severity mix; benefit of sales/transfers

$2.5B

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

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

proportionally lower than peers

FITB NPL inflows (relative to loans) vs. peers

FITB

Source: SNL Financial and company filings. Peers include: BAC, BBT, C, CMA, HBAN, JPM, KEY, MI, MTB, PNC, RF, STI, USB, and WFC

New HFI non-performing loan flows ($mm)

NPL inflows have declined significantly

$1.6B

* 3Q10 inflows into NPLs

HFS

were $217mm, reflecting performing loans moved to held-for-sale in 3Q10 that were deemed impaired as a result of the decision to sell these loans

FITB

ex-HFS

$1.7B

15

©

Fifth Third Bank | All Rights Reserved

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

less

likely

to

redefault

than

modifications on GSE mortgages

Of $1.8B in consumer TDRs, $1.6B were on accrual status and

$206M were nonaccruals

—

$1.1 billion of TDRs

are current and

have been on the

books 6 or more months; within that, nearly $800

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 see much lower defaults on current loans after a

vintage approaches 12 months since modification

TDR performance has improved in newer vintages

Outperforming redefault

benchmarks

Source:  Fifth Third and OCC/OTS data through 3Q10

Mortgage TDR 60+ redefault

trend by vintage

1Q08      $55

2Q08    $114

3Q08    $112

4Q08    $128

1Q09    $189

2Q09    $219

Months since modification

Mortgage TDR 60+ redefault

rate: Fifth Third comparison

(January 1, 2008 through September 2010)

Fannie Mae

Industry

portfolio loans

Fifth Third

Volume by

vintage ($mm)

Freddie Mac

3Q09    $269

Current consumer TDRs

(%)

4Q09    $137

$1.1

billion

2008

2009

1Q10    $131

2Q10    $105

16

©

Fifth Third Bank | All Rights Reserved

Strong relative credit trends

FITB credit metrics are now generally better than peers

NPA ratio vs. peers

Net charge-off ratio vs. peers

Loans 90+ days delinquent % vs. peers

Loans 30-89 days delinquent % vs. peers

(7.5%)*

(HFS transfer)

3.8%

Before credit

actions

5.0%

1Q11

expect

stable

2.3%*

Before credit

actions

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

* 4Q08 NCOs included $800mm in NCOs related to commercial loans moved to held-for-sale; 3Q10 NCOs included $510mm in NCOs related to loans sold or moved to held-for-sale

17

©

Fifth Third Bank | All Rights Reserved

Strong reserve position

4Q10 coverage ratios strong

relative to peers (3Q10)

$708

$582

$434

$956

$356

$68

$8

($109)

($499)

($190)

4.88%

4.91%

4.85%

3.88%

4.20%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

4Q09

1Q10

2Q10

3Q10

4Q10

($600)

($400)

($200)

$0

$200

$400

$600

$800

$1,000

$1,200

Net Charge-offs

Additional Provision

Reserves

Industry leading reserve levels

89%

138%

Reserves / NPAs

107%

179%

Reserves / NPLs

179%

Fifth Third

(4Q10)

Peer Average

(3Q10)

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.

18

©

Fifth Third Bank | All Rights Reserved

$4.1B

Realized credit losses have been significantly below SCAP submissions; expect further improvement

Actual

$2.6B

Actual

$2.7B

$2.8B

2009 SCAP scenarios vs. current loss expectations under internally-specified scenarios

Internal

Base Case

Updated internal stress analysis vs. SCAP scenarios

Fifth Third’s realized credit

losses were 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 have been much

better than expected in

Spring 2009

2010 charge-offs of $2.3bn

(included $510mm

on sale /

transfer of $900mm of NPLs

in

3Q10)

–

16% lower than baseline

submission, 53% below

adverse scenario under

SCAP

2011 charge-offs expected lower

than 2010

–

Reflects aggressive actions

to address / dispose of

problem credits

–

3Q10 dispositions alone

expected to reduce 2011

charge-offs by ~$300mm³

Base

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. 

Moody’s Economy.com scenarios; macroeconomic scenarios and estimates as of November 2010 (probabilities assigned by Moody’s).

It is not known what, if any, losses taken in 2010 due to 3Q10 credit actions would have been taken in 2011 through “normal” charge-off recognition processes

1

2

3

19

©

Fifth Third Bank | All Rights Reserved

Well-positioned for the future

•

Holding company cash currently sufficient for more than two years of obligations; no holding company or

Bank debt maturities until 2013

•

Bank level capital ratios significantly above most peers

•

After TARP repayment, Fifth Third will have completely exited all crisis-era government support programs

–

Fifth Third is one of the few large banks that have no TLGP-guaranteed debt

Superior capital and liquidity position

•

$1.2bn problem assets addressed through loan sales and transfer to HFS in 3Q10

•

NCOs below 2%; 213% reserves / annualized NCOs

•

Substantial reduction in exposure to CRE since 1Q09; relatively low CRE exposure versus peers

Proactive approach to risk management

•

Traditional commercial banking franchise built on customer-oriented localized operating model

•

Strong market share in key markets with focus on further improving density

•

Fee income ~40% of total revenues

Diversified traditional banking platform

•

PPNR has remained strong throughout the credit cycle

•

PPNR substantially exceeds annual net charge-offs (164% PPNR / NCOs in 4Q10)

•

1.18% ROAA in 4Q10

Strong industry leader in earnings power

20

©

Fifth Third Bank | All Rights Reserved

Appendix 1 –

Capital plan

21

©

Fifth Third Bank | All Rights Reserved

Overview and rationale

Following extensive dialogue with our regulators, the company believes that now is

the

appropriate

time

to

redeem

TARP

($3.408bn),

given

its

strong

foundation

for

future growth:

—

$1.7bn common equity issuance

—

Planned senior debt issuance

—

Internally available funds (expected to be the predominant source of

additional liquidity necessary for TARP redemption)

After TARP repayment, intend to negotiate for with Treasury repurchase of

warrants;

if

mutually

agreeable

value

not

reached,

will

evaluate

participation

in

auction

—

Incorporated into capital plans (but not pro formas)

Strong capital levels provide strategic flexibility and capital deployment optionality

(9.0% pro forma Tier 1 common)

Pro forma capital structure provides additional flexibility in capital deployment

22

©

Fifth Third Bank | All Rights Reserved

Pro forma capital ratios

Refer to Regulation G Non-GAAP Reconciliation in appendix

Note: Pro forma capital ratios net of write-off of discount accretion on TARP preferred stock of $164mm and underwriting fees of approximately $51mm.

¹

Pro forma ratios include $1,700mm  common equity issuance

²

Pro forma ratios also assume repurchase of the Bancorp’s Fixed Rate Cumulative Perpetual Preferred Stock, Series F, issued under TARP CPP subject to U.S. Treasury approval.

3

Also includes proposed phase-out of trust preferred securities under Dodd-Frank Act and Basel III

4

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

Post-offering capital position creates foundation for future growth

TCE / TA (incl. unrealized gains)

Tier 1 common

Tier 1 capital

Total capital

7.1%

7.3%

13.9%

18.3%

7.3%

7.5%

13.9%

18.1%

4Q10

4Q10

$1.7bn offering

pro

forma

3Q10

Consolidated

Bank

Tier 1 common

Tier 1 capital

14.5%

13.2%

14.5%

13.2%

8.8%

9.1%

15.6%

19.8%

13.2%

13.2%

7.1%

8.3%

11.7%

15.2%

3Q10

Peer

Median

4

10.1%

10.1%

TCE / TA (excl. unrealized gains)

6.7%

7.0%

8.6%

7.1%

including

phase-out

of

TRUPS

11.1%

11.2%

12.8%

8.9%

Tier 1 leverage

12.5%

12.8%

14.3%

9.4%

4Q10 TARP

redemption

pro

forma

8.7%

9.0%

12.2%

16.4%

13.2%

13.2%

8.4%

9.4%

11.2%

2

1

3  

23

©

Fifth Third Bank | All Rights Reserved

Pro forma capital position vs. peers

(not

adjusted

for Basel III)

Fifth Third’s capital position will be well in excess of any established standards and most peers

Red: repaid TARP

Tier 1 common (peers)

Tier 1 common (FITB)

Reserves

(Tier 1 common + reserves)  RWA

Red: repaid  

TARP

Tier 1 capital ex-TPS & TARP (peers)

Tier 1 capital ex-TPS & TARP (FITB)

Tier 1 capital ratio

Trust preferred

TARP CPP

Preferred equity

11.6%

12.0%

12.5%

12.0%

12.2%

11.1%

11.2%

10.5%

10.9%

9.8%

10.6%

9.9%

7.9%

10.3%

CMA    PNC     PF       PF

BBT   ZION    KEY     STI     WFC

RF     USB

FITB     MI      MTB

HBAN¹

FITB²

10.5%

11.9%

14.0%

10.8%

9.7%

12.2%

10.9%

9.6%

11.7%

8.9%

11.2%

14.3%

13.6%

11.7%

13.9%

12.1%

10.8%

9.5%

10.3%

9.9%

10.4%

8.5%

6.8%

8.2%

8.6%

8.2%

10.4%

7.6%

PF    PNC    CMA    ZION   WFC     PF

BBT

KEY     USB

STI     FITB      RF       MI     MTB

HBAN¹

FITB²

Ranked in order of Tier 1 capital from instruments not being phased out

9.4%

Source: SNL Financial and company filings (financial data as of 3Q10). Common equity ratios for non-TARP repayers exclude discount accretion from attribution of TARP value (included in “TARP CPP” at top of bars).

1

Consolidated capital ratios pro forma adjusted for common equity and subordinated debt issuance. HBAN reported 3Q10 Tier 1 common ratio of 7.4% and Tier 1 capital ratio of 12.8%

2

Pro forma for TARP redemption and issuance of $1.7bn of common equity net of associated items. FITB reported 4Q10 Tier 1 common ratio of 7.5% and Tier 1 capital ratio of 13.9%. Refer to Regulation G Non-GAAP Reconciliation in

appendix.

24

©

Fifth Third Bank | All Rights Reserved

Pro forma capital position including TARP repayment

(adjusted

for Basel III*)

Source: SNL Financial, company filings, and third-party estimates. Financial data as of 3Q10, not adjusted for potential mitigation efforts.

Note: Four large peers include estimated Basel III RWA impact based on BIS proposals

* Estimates

based on current Basel III rules released by the Basel Committee

¹

Pro forma for TARP redemption, issuance of $1.7bn of common equity, net of associated items, and phase-out of trust-preferred securities. Reported 4Q10 Tier 1 common ratio of 7.5%.

Tier 1 common ratio (+ reserves / RWA)

Adjusted

for

Basel

III,

Fifth

Third’s

pro

forma

capital

position

would

be

strongest

among

peers

in

level

and quality

Reserves

Tier 1 common (peers)

Tier 1 common (FITB)

12.3%

Note: Peers not in order of prior slide; estimated

Unlike other SCAP commercial banks, Fifth Third

does not expect adverse effect to common

capital ratios from Basel III

—

Improvement of relative capital position

Potentially net positive impact on regulatory

capital

—

Limited deductions for mortgage servicing

rights and deferred tax assets

—

Potentially positive impact from the absence

of an adjustment for unrealized gains and

losses

Do not expect significant risk weighted assets

impact

—

Low level of financial counterparty

interconnectedness

—

Daily Value-at-Risk less than $500 thousand

—

Fifth Third is not a Basel II bank

9.7% Tier 1 capital ratio on fully phased-in basis*

—

Top of peer group under Basel III

11.1%

PF    Bank  Bank    Bank

Bank

Bank

FITB   Bank   Bank

Bank

Bank

Bank

Bank

Bank

Bank

Bank

Bank

FITB¹

1         2          3          4         5               

6          7         8          9        10        11    

12       13       14      15

9.3%

7.8%

25

©

Fifth Third Bank | All Rights Reserved

Capital management philosophy

•

Return excess capital to shareholders after assessment of other capital deployment alternatives and

maintenance of buffers over targeted and required capital levels

•

Evaluate any share repurchases in context of stock price level

•

Not expected in near term

Share repurchases*

•

Prudently expand franchise or increase density in core markets via disciplined acquisition evaluation

•

Attain top 3 market position in 65% of markets or more

Strategic opportunities*

•

Strong levels of profitability would support significantly higher dividend than current dividend

•

Subject to consideration and approval of plans submitted under CCPR**

Return to more normal dividend policy*

•

Support growth of core banking franchise

•

Improving loan demand in recovering economy

Organic growth opportunities

* Subject to Board of Directors and regulatory approval

** Comprehensive Capital Plan Review by Federal Reserve

Internal Tier 1 common equity target of 8% range

26

©

Fifth Third Bank | All Rights Reserved

Potential effects of capital plan and TARP repayment

on income statement and earnings per share

Fifth Third has not provided earnings or earnings per share guidance

The comments below relate to the expected effects of our capital

plan on our earnings and earnings per share.

—

Write-off of discount accretion and avoidance of accretion of discount: when we recorded the TARP preferred in

our books, we were required to allocate the $3.408 billion to the value of the preferred stock and to the

associated warrants. The amortized value of the discount assigned to the preferred stock was $153 million as of

12/31/10.

This

will

be

written-off

at

the

time

of

TARP

redemption

through

an

increase

in

“preferred

dividends”

and

reduce income available to common shareholders by

the amount of the write-off. We will avoid future accretion

of discount ($11 million in 4Q10)

—

TARP

preferred

dividend:

The

TARP

preferred

dividend

is

5%

of

$3.408

billion

($170.4

million

a

year

or

$42.6

million

a

quarter).

It

represents

approximately

$0.20

per

common

share

on

an

annual

basis

and

approximately

$0.05 per common share on a quarterly basis. Net income available to common shareholders will begin to benefit

from the elimination of this dividend at the time of TARP repayment.

—

Net interest income would be modestly reduced by the net effect of our capital plan and TARP repayment. This

would be driven by the following factors:

–

Our announced common stock offering will be “free funds”

from a net interest income perspective. However,

TARP preferred stock is also free funds from a net interest income perspective.

–

We

intend

to

fund

the

remainder

of

TARP

repayment

primarily

from

available

funds

but

also

with

a

planned

debt offering. The cost of replacing available funds with other sources of similar funding is currently very low

in this interest rate environment. The effect of the planned debt offering is yet to be determined and will

depend on the size of that offering, its cost, and the time of that offering and any associated hedges.

—

Earnings per share*: Will be affected by the above effects on any period, and the effect of the addition of the

shares expected to be issued in our announced common stock offering. Our average fully diluted share count for

fourth quarter 2010 was approximately 836 million (actual shares

were approximately 796 million). Using our

closing share price on January 18, 2011 of $14.86, the contemplated $1.7 billion offering would involve the

issuance of approximately 114 million shares. Thus, our announced offering would increase our average fully

diluted share count on an annualized basis by the shares issued,

and increase the number of fully diluted shares

by approximately 12 percent (number of actual shares by approximately 12.5 percent).

* Excludes effect of any over-allotment option and associated equity forward agreement

27

©

Fifth Third Bank | All Rights Reserved

Appendix 2 –

Other information

Note that data does not include any pro forma impact

of the proposed offering and TARP repayment unless indicated otherwise.

28

©

Fifth Third Bank | All Rights Reserved

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^

Returns:

ROA

ROACE

Capital Ratios:

Tier I common equity

Tier I leverage

Tier I capital

Total risk-based capital

Category

Fifth Third: First quarter 2011 outlook

1Q11 Outlook

$79.1 billion

$76.4 billion

Down $5-10mm

Up 5-10bps

$600mm +/-

~$950mm range

~$550-560mm range

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.

Does not incorporate effects of proposed offering

4Q10 Actual

Results

Outlook as of January 19, 2011

Continued growth

Modest decline

Stable

Lower

Lower

Building

$919 million

3.75%

$656 million

$987 million

$583 million

7.5%

12.8%

13.9%

18.1%

$356 million

$3.0 billion (3.88%)

$2.2 billion (2.79%)

1.18%

10.3%

1%+ (normalized 1.3%-1.5%)

10% vicinity

Includes 1Q

seasonality

A foundation of continued growth

Capital

–

foundation for continued growth

—

Tier 1 common capital has increased 313bps or $2.6bn

1

—

Capital base transformed through series of capital actions

–

9.4% pro forma Tier 1 ratio excluding trust preferred

securities to be phased-out beginning 2013

2

—

Capital levels supplemented by strong reserve levels

–

Loan loss reserves 3.88% of loans and 179% of NPLs

—

9.0% pro forma Tier 1 common ratio

2

is $1.0bn in excess of

internal 8.0% target

Credit

–

ongoing discipline driving steady improvement

—

Broad-based improvements in problem loans

–

72% reduction in 90+ day delinquent loans since 3Q09

–

NCO ratio of 1.86%, first time below 2.0% since 2Q08

–

164% PPNR

3

/ NCOs in 4Q10

—

Balance sheet risk lowered through asset sales, resolutions

–

$1.3bn (43%) decline in NPLs

since 4Q09

Profitability

–

recent results support positive momentum

—

PPNR remained stable throughout cycle

—

5 consecutive quarters of increasing earnings with 3

consecutive profitable quarters

—

Return on assets 1.18%; Return on average common equity

10.4% in 4Q10

Tier 1 common ratio (%)

NPL / Loans

4

(%)

PPNR / Net charge-offs (%)

Return on assets (%)

5

Well positioned due to combination of strong PPNR trends,

robust reserves and strong Tier 1 common capital

29

©

Fifth Third Bank | All Rights Reserved

1

Since December 31, 2008

2

See page 22

3

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

refer to Regulation G  Non-GAAP Reconciliation in appendix

4

Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real

estate owned (excludes nonaccrual loans held-for-sale)

5

Excluding $510mm net charge-offs attributable to credit actions and $127mm in net BOLI settlement gains

Pre-provision net revenue:

Strong in crisis and growing since

Source:

SNL

Financial.

Peers

include

–

Med TARP Holders: BOK,

FHN,

HBAN,

KEY,

MI,

MTB,

RF,

SNV,

STI,

ZION;

Med

SCAP

TARP

Repayers:

BAC,

BBT,

C,

CMA,

COF,

JPM,

PNC,

USB,

WFC;

Med

Top

20

Banks

by

Total

Assets

as

of

3Q10

Pre-provision net revenue (PPNR): net interest income plus noninterest income minus noninterest expense; refer to Regulation G Non-GAAP Reconciliation in appendix

¹

Excluding $965mm goodwill impairment

2

Excluding $1.8bn FTPS gain

3

Excluding $187mm Visa gain

4

3Q10 PPNR Excluding $127mm in net BOLI settlement gains

5

Includes and excludes net charge-offs related to loans sold or moved to held-for-sale during 3Q10 for FITB ($510mm), RF ($233mm), and BBT ($432mm)

30

©

Fifth Third Bank | All Rights Reserved

PPNR / Tangible assets

Robust profitability provides first line of defense against credit losses

PPNR

4

/

Risk-weighted

assets

4

PPNR

4

/ Net

charge-offs

5

PPNR

4

/ HFI Nonperforming assets

31

©

Fifth Third Bank | All Rights Reserved

Well-positioned for changed financial landscape

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

—

Largest bank headquartered within Fifth Third’s core Midwest footprint

—

Focused on expansion and development of businesses where regional leadership

matters

—

Capital investments, management talent, and added focus on businesses where

(1) regional leadership creates an advantage (i.e., retail, small business, and mid-

market commercial), and (2) select national lines where the bank

has a distinctive

element (i.e., Fifth Third Processing Solutions, Indirect Auto, Healthcare)

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 <$150mm HELOC from 2003)

—

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

—

Low level of financial system “interconnectedness”

(e.g., Fifth Third loss in

Lehman bankruptcy should be less than $2mm)

—

Little to no impact from Volcker rule (de minimis

market maker in derivatives,

proprietary trading); daily VaR

less than $500 thousand

–

Small private equity portfolio ~$100mm (holding company subsidiary)

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

reintermediation

and the landscape to evolve further toward our traditional strengths

32

©

Fifth Third Bank | All Rights Reserved

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)

•

2010 debit interchange revenue of $204mm

•

2010 debit interchange $ volume: $15.7B

–

Signature $12.2B, PIN $3.5B

•

2010 debit interchange transaction volume:

433mm

–

Signature 347mm, PIN 86mm

•

Fed has proposed limits on debt interchange; proposal

currently out for comment

•

Proposals would apply caps of $0.12 or $0.07 per transaction

(e.g., on volume which in 2010 was 433 million transactions)

•

If proposal implemented as written, we would expect

substantial mitigation of any reduction in revenue through

actions by FITB and competitors to recapture costs of providing

this service to customers and merchants

Deposit

Insurance

•

Current assessed base (Deposits): ~$78B

•

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

•

FITB rate under new industry assessment, based

upon large bank scorecard, less than rate under old

assessment

•

Lower due to reduced share of assessed base

Reg. E

•

Requires

customers

to

“opt-in”

to

allow

non-recurring

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

•

Estimated quarterly impact of $17mm ($68mm

annualized) to deposit service charges, before effect of

mitigation; in full run-rate for 4Q10

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

–

Expected to be 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 and does not include benefit of mitigation activities. Please refer also to cautionary statement.

33

©

Fifth Third Bank | All Rights Reserved

Strong liquidity profile

Retail Brokered CD maturities: $17.6mm in 2011

FHLB borrowings $1.5bn

12/31 unused avail. capacity $25.3bn ($19.5bn in Fed and $5.8bn in FHLB)

Holding Company cash at 12/31/10: $2.3bn*

Expected cash obligations over the next 12 months

(assuming no TARP repayment)*

—

$0 debt maturities

—

~$32mm common dividends

—

~$205mm annual preferred dividends  (~$35mm Series G,

~$170mm TARP prior to repayment)

—

~$376mm interest and other expenses

Cash currently sufficient to satisfy all fixed obligations** for

more than two 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)

* Does not incorporate effects of proposed offering

** Debt

maturities,

common

and

preferred

dividends,

interest

and

other

expenses

S-T

wholesale

6%

FITB’s

internal macroeconomic assumptions

Source:  Moody's Economy.com

*3Q10 Data

Unemployment

Cumulative HPI Growth

Cumulative GDP Growth

Cumulative Equity Price Index Growth

OFHEO Index

OFHEO Index

OFHEO Index

S&P 500

S&P 500

S&P 500

Current

Base Case

Moody's 25%

probability

Recession

Moody's 4%

probability

Depression

Economic Assumptions

4Q10

2011

2012

2011

2012

2011

2012

Average Unemployment

9.6%

9.9%

8.3%

11.3%

10.2%

13.5%

14.7%

YoY

GDP Growth

3.1%*

4.1%

5.1%

2.2%

6.1%

(2.0%)

3.3%

YoY

Change in Housing Prices

(1.6%)*

(2.4%)

1.4%

(9.6%)

0.9%

(13.9%)

(7.2%)

Avg

Effective Fed Funds

0.2%

0.2%

1.4%

0.2%

0.9%

0.1%

0.3%

Avg

Capacity Utilization

75.5%

74.8%

78.1%

72.0%

76.4%

67.2%

68.9%

Avg

Consumer Confidence

52.2

62.9

83.4

68.2

72.2

51.6

44.9

Avg

YoY

Equity Price Index Growth

12.8%

11.2%

5.8%

13.5%

16.1%

(9.5%)

1.9%

Note: These internally-specified

scenarios are from Moody’s

Economy.com

and do not

reflect the supervisory-

specified stress scenarios

provided to 19 U.S. banks in

November

34

©

Fifth Third Bank | All Rights Reserved

Significantly improved credit metrics

Reserves / NPLs

Source:

SNL

Financial

and

company

reports.

Data

as

of

3Q10.

NPLs

and

NPAs

exclude

loans

held-for-sale.

* Includes and excludes net charge-offs related to loans sold or moved to held-for-sale during 3Q10 for FITB ($510mm), RF ($233mm), and BBT ($432mm)

Texas Ratio

(HFI NPAs

+ Over 90s) / (Reserves + TCE)

Well positioned from credit and coverage standpoint

Net charge-off ratio* (Annualized)

HFI NPA ratio

Peer average: 3.8%

Peer average: 107%

Peer average: 30%

Peer average:

2.3%

Lighter portion includes

charge-offs on loans

sold or moved to held-

for-sale in 3Q10

35

©

Fifth Third Bank | All Rights Reserved

36

©

Fifth Third Bank | All Rights Reserved

Aggressive portfolio actions in 3Q10

Furthered problem asset resolution and reduced future losses

•

Residential mortgage loan sale

–

$228 million of balances sold

–

$205 million of balances were

nonaccrual

–

$123 million of NCOs realized

•

Commercial HFS transfer

–

$961 million of balances transferred

–

$694 million of balances were

nonaccrual

–

$387 million of NCOs realized

–

$267 million of performing loans

($217

million of

NPLs

transferred

into held-for-sale)

•

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

25

15

Illinois

15

9

Michigan

15

8

Indiana

10

6

Other

23

13

Total

$228

$123

Commercial HFS transfers -

O/S

Florida

Michigan

Other

Total

Commercial mortgage

$174

$45

$267

$486

Commercial construction

32

12

123

167

C&I

51

38

219

308

Total

$257

$95

$609

$961

Commercial

HFS

transfers

-

nonaccruals

Florida

Michigan

Other

Total

Commercial mortgage

$106

$38

$183

$327

Commercial construction

32

11

86

129

C&I

49

35

154

238

Total

$187

$84

$423

$694

Commercial HFS transfers -

NCO (marks)

Florida

Michigan

Other

Total

Commercial mortgage

$75

$20

$107

$202

Commercial construction

20

6

51

77

C&I

26

10

72

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

Fifth Third’s past portfolio management activity has accelerated loss recognition and reduced potential future

losses

37

©

Fifth Third Bank | All Rights Reserved

Mortgage repurchase overview

Demand requests and repurchase losses remain volatile and near-term

repurchase losses are expected to remain elevated

—

Number of outstanding demand requests (units) down 9% from Q3

2010, outstanding demand requests ($) down13%

Virtually all sold loans and new claims relate to GSEs or GNMA

—

98% of outstanding balance of loans sold

—

92% of outstanding claims

Majority of new claims and repurchase losses relate to 2006 through 2008

vintages

—

75% of new claims for 2010 YTD

Majority of outstanding balances of the serviced for others portfolio relates

to origination activity in 2009 and later

Claims and exposure related to whole loan sales (no outstanding first

mortgage securitizations)

Repurchase Reserves* ($ in millions)

Q4

2009

Q1

2010

Q2

2010

Q3

2010

Q4

2010

Beginning balance

$48

$58

$84

$85

$103

Net reserve additions

25

39

19

47

21

Repurchase losses

(15)

(13)

(18)

(29)

(23)

Ending balance

$58

$84

$85

$103

$101

Outstanding Counterparty Claims ($ in millions)

Outstanding Balance of Sold Loans ($ in millions)

GSE

GNMA

Private

Total

2005 and prior

$8,497

$333

$705

$9,535

2006

2,194

71

333

2,598

2007

3,591

105

285

3,981

2008

3,746

847

-

4,593

2009 and later

25,355

7,173

-

32,527

Total

$43,382

$8,529

$1,323

$53,234

*

Includes

reps

and

warranty

reserve

($85mm)

and

reserve

for

loans

sold

with

recourse

($16mm).

38

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Fifth Third Bank | All Rights Reserved

Non-performing assets and net charge-offs:

Product view*

Total NPAs

Total NCOs

*NPAs

exclude loans held-for-sale.

3Q10 NCOs exclude $510mm loans sold of moved to held-for-sale in 3Q10

39

©

Fifth Third Bank | All Rights Reserved

Total NPAs

Total NCOs

Non-performing assets and net charge-offs:

Geographic view*

*NPAs exclude loans held-for-sale.

3Q10 NCOs exclude $510mm loans sold of moved to held-for-sale in 3Q10

39

40

©

Fifth Third Bank | All Rights Reserved

Source: SNL Financial and company filings

Note: Ratios exclude outstanding TARP

CRE / Total RBC

Reduced exposure to high-risk loan categories

C&D Loans / Total RBC

Non-owner Occupied CRE /

Total RBC

3Q10

PNC

18.0%

Wells Fargo

21.9%

KeyCorp

23.4%

SunTrust

32.4%

Fifth Third

34.3%

U.S. Bancorp

34.5%

Huntington

35.5%

Comerica

38.4%

Regions

49.1%

M&T

56.1%

BB&T

67.1%

Zions

82.2%

M&I

91.3%

Peer median

36.9%

Peer average

45.8%

3Q10

Wells Fargo

64.4%

Fifth Third

71.4%

PNC

74.9%

SunTrust

77.2%

Comerica

87.4%

KeyCorp

93.6%

U.S. Bancorp

109.2%

BB&T

131.7%

Huntington

138.8%

Regions

162.1%

M&T

219.8%

Zions

224.2%

M&I

271.7%

Peer median

120.4%

Peer average

137.9%

3Q10

SunTrust

27.3%

Fifth Third

28.4%

Wells Fargo

29.9%

Comerica

31.3%

PNC

38.6%

KeyCorp

40.3%

U.S. Bancorp

51.2%

BB&T

51.4%

Regions

67.9%

Huntington

78.4%

M&T

115.8%

Zions

118.8%

M&I

119.0%

Peer median

51.3%

Peer average

64.1%

Fifth Third has relatively low CRE

exposure that has been

significantly reduced

over past 3+ years

FITB

Peer median

3Q10 ratios; all ratios exclude TARP capital for all BHCs

Commercial & industrial*

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & industrial loans represented 35% of total loans

and 24% of net charge-offs

•

24% of 4Q10 losses on loans to companies in real estate

related industries

–

Loans to real estate related industries of $2.9B (10%);

3Q10 NCO ratio of 2.8%

•

FL represented 8% of 4Q10 losses, 6% of loans; MI represented

27% of losses, 13% of loans

* NPAs

exclude loans held-for-sale.

3Q10 includes losses on loans transferred to held-for-sale

($ in millions)

4Q09

1Q10

2Q10

3Q10

4Q10

Balance

$25,683

$26,131

$26,008

$26,302

$27,191

90+ days delinquent

$118

$63

$49

$28

$16

as % of loans

0.46%

0.24%

0.19%

0.11%

0.06%

NPAs

$781

$788

$792

$594

$696

as % of loans

3.04%

3.02%

3.05%

2.26%

2.56%

Net charge-offs

$183

$161

$104

$237

$85

as % of loans

2.81%

2.49%

1.58%

3.57%

1.27%

C&I

Non-core:

$108

Core:

$129

Core NCO Rate:

1.94%

3Q10 NCO Breakout

41

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Fifth Third Bank | All Rights Reserved

Commercial mortgage*

Loans by geography

Credit trends

Loans by industry

Comments

* NPAs

exclude loans held-for-sale.

3Q10 includes losses on loans transferred to held-for-sale

•

Commercial mortgage loans represented 14% of total loans

and 22% of net charge-offs

•

Owner occupied 4Q10 NCO ratio of 1.3%, other non-owner

occupied 4Q10 NCO ratio of 4.3%

•

Loans from FL/MI represented 38% of portfolio loans, 58% of

portfolio losses in 4Q10

($ in millions)

4Q09

1Q10

2Q10

3Q10

4Q10

Balance

$11,803

$11,744

$11,481

$10,985

$10,845

90+ days delinquent

$59

$44

$53

$29

$11

as % of loans

0.50%

0.38%

0.46%

0.26%

0.10%

NPAs

$985

$1,002

$956

$679

$679

as % of loans

8.34%

8.53%

8.33%

6.19%

6.26%

Net charge-offs

$142

$99

$78

$268

$79

as % of loans

4.69%

3.42%

2.68%

9.34%

2.86%

Commercial mortgage

Non-core:

$202

Core:

$66

Core NCO Rate:

2.30%

3Q10 NCO Breakout

42

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Fifth Third Bank | All Rights Reserved

Commercial construction*

Loans by geography

Credit trends

Loans by industry

Comments

* NPAs

exclude loans held-for-sale.

3Q10 includes losses on loans transferred to held-for-sale

•

Commercial construction loans represented 3% of total loans

and 3% of net charge-offs

•

Loans from FL/MI represented 31% of portfolio loans, 52% of

portfolio losses in 4Q10

($ in millions)

4Q09

1Q10

2Q10

3Q10

4Q10

Balance

$3,784

$3,277

$2,965

$2,349

$2,048

90+ days delinquent

$16

$9

$37

$5

$3

as % of loans

0.44%

0.28%

1.24%

0.21%

0.13%

NPAs

$707

$569

$482

$291

$259

as % of loans

18.68%

17.36%

16.26%

12.40%

12.65%

Net charge-offs

$135

$78

$43

$121

$10

as % of loans

13.28%

8.57%

5.46%

16.58%

1.88%

Commercial construction

Non-core:

$77

Core:

$44

Core NCO Rate:

5.99%

3Q10 NCO Breakout

43

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Fifth Third Bank | All Rights Reserved

Homebuilders/developers*

Loans by geography

Credit trends

Loans by industry

Comments

•

Originations of builder/developer loans suspended in 2007

•

Remaining portfolio balance of $699mm, down 79% from peak

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

and 2% of commercial loans

•

$19mm of NCOs (53% commercial mortgage, 36% commercial

construction, 11%

C&I)

•

$259mm of NPAs

(62% commercial mortgage, 33%

commercial construction, 4% C&I), down $20mm sequentially

* NPAs

exclude loans held-for-sale.

3Q10 includes losses on loans transferred to held-for-sale

Non-core:

$95

Core:

$32

Core NCO Rate:

12.25%

3Q10 NCO Breakout

($ in millions)

4Q09

1Q10

2Q10

3Q10

4Q10

Balance

$1,563

$1,324

$1,207

$824

$699

90+ days delinquent

$19

$6

$12

$3

$1

as % of loans

1.19%

0.43%

1.03%

0.37%

0.12%

NPAs

$548

$520

$431

$280

$259

as % of loans

35.09%

39.28%

35.68%

33.97%

37.12%

Net charge-offs

$110

$81

$48

$127

$19

as % of loans

26.25%

22.89%

15.01%

48.74%

10.08%

Homebuilders/developers

44

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Fifth Third Bank | All Rights Reserved

45

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Fifth Third Bank | All Rights Reserved

Residential mortgage

1

liens:

100%;

weighted

average

LTV:

76%

Weighted average origination FICO: 739

Origination FICO distribution:  <660 9%; 660-689 7%; 690-719

11%;

720-749

14%;

750+

42%;

Other

^

17%

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

Origination LTV distribution: <=70 32%; 70.1-80 40%; 80.1-90 9%;

90.1-95 5%; >95 14%

Vintage distribution: 2010 28%; 2009 6%; 2008 9%; 2007 11%;

2006 11%; 2005 17%; 2004 and prior 18%

% through broker: 14%; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

^ Includes acquired loans where FICO at origination is not available

3Q10 includes losses on loans sold

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

12%

of

total

loans

and

18% of net charge-offs

•

FL portfolio 21% of residential mortgage loans driving 49% of

portfolio losses

•

FL lots ($196mm) running at 27% annualized loss rate (YTD)

Non-core:

$123

Core:

$81

Core NCO Rate:

4.10%

3Q10 NCO Breakout

($ in millions)

4Q09

1Q10

2Q10

3Q10

4Q10

Balance

$8,035

$7,918

$7,707

$7,975

$8,956

90+ days delinquent

$189

$157

$107

$111

$100

as % of loans

2.35%

1.98%

1.38%

1.39%

1.12%

NPAs

$523

$521

$549

$328

$368

as % of loans

6.51%

6.57%

7.12%

4.11%

4.11%

Net charge-offs

$78

$88

$85

$204

$62

as % of loans

3.82%

4.46%

4.35%

10.37%

2.93%

Residential mortgage

st

46

©

Fifth Third Bank | All Rights Reserved

Home equity

1st

liens:

30%;

2

liens:

70% 

Weighted average origination FICO: 749

Origination FICO distribution^: <660 4%; 660-689 7%; 690-719 13%; 720-749

17%; 750+ 50%; Other 9%

Average CLTV: 75% Origination CLTV distribution: <=70 38%; 70.1-80 22%;

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

Vintage

distribution:

2010

4%;

2009

5%;

2008

11%;

2007

12%;

2006

15%;

2005 14%; 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 18% of net

charge-offs

Approximately 15% of portfolio in broker product driving 38% total

loss

Approximately

one

third

of

Fifth

Third

2

liens

are

behind

Fifth

Third

1   liens

2005/2006 vintages represent approximately 30% of portfolio; account

for 52% 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)

4Q09

1Q10

2Q10

3Q10

4Q10

Balance

$1,948

$1,906

$1,838

$1,770

$1,698

90+ days delinquent

$33

$29

$29

$26

$25

as % of loans

1.72%

1.53%

1.57%

1.46%

1.46%

Net charge-offs

$34

$30

$24

$26

$25

as % of loans

7.02%

6.45%

5.29%

5.87%

5.74%

Home equity - brokered

($ in millions)

4Q09

1Q10

2Q10

3Q10

4Q10

Balance

$10,226

$10,280

$10,149

$10,004

$9,815

90+ days delinquent

$65

$60

$61

$61

$59

as % of loans

0.64%

0.58%

0.60%

0.61%

0.60%

Net charge-offs

$48

$43

$37

$40

$40

as % of loans

1.85%

1.68%

1.45%

1.57%

1.61%

Home equity - direct

nd

nd

st

47

©

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.

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

1.8

7%

57

8%

7

8%

Commercial mortgage

1.3

12%

166

24%

13

17%

Commercial construction

0.4

18%

105

40%

2

20%

Commercial lease

0.0

1%

0

0%

0

0%

Commercial

3.5

8%

328

20%

22

13%

Mortgage

1.9

21%

167

45%

31

49%

Home equity

0.9

8%

7

9%

10

16%

Auto

0.5

5%

1

8%

2

9%

Credit card

0.1

5%

4

8%

3

10%

Other consumer

0.0

2%

0

37%

1

11%

Consumer

3.4

10%

180

35%

47

25%

Total

6.9

9%

507

23%

69

19%

Florida

Weak commercial real estate market

Losses due to significant declines in

valuations

Valuations; relatively small home

equity portfolio

48

©

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.

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

3.5

13%

122

18%

23

27%

Commercial mortgage

2.8

26%

169

25%

33

41%

Commercial construction

0.3

13%

31

12%

3

32%

Commercial lease

0.2

6%

6

23%

0

0%

Commercial

6.8

16%

329

20%

59

34%

Mortgage

1.3

15%

43

12%

11

18%

Home equity

2.4

21%

18

25%

16

24%

Auto

1.0

9%

2

11%

3

15%

Credit card

0.3

15%

12

21%

6

17%

Other consumer

0.1

14%

0

0%

1

13%

Consumer

5.1

15%

75

15%

36

19%

Total

11.9

15%

404

19%

95

27%

Michigan

Negative impact from housing

valuations, economy,

unemployment

Economic weakness impacts

commercial real estate market

49

©

Fifth Third Bank | All Rights Reserved

Regulation G Non-GAAP reconciliation

Fifth Third believes that pre-tax pre-provision earnings is useful as a tool to help evaluate availability to provide for credit costs through operations. Fifth Third

believes that information adjusted for the impact of certain items may be useful due to the extent to which the items are not indicative of our ongoing operations.

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ in millions

(unaudited)

December

September

June

March

December

September

June

March

December

2010

2010

2010

2010

2009

2009

2009

2009

2008

Net interest income

914

912

882

897

878

869

831

776

892

Noninterest income

656

827

620

627

651

851

2,583

697

642

Noninterest expense

987

979

935

956

967

876

1,021

962

2,022

Pre-tax, pre-provision net revenue

583

760

567

568

562

844

2,393

511

(488)

Goodwill impairment charge

(965)

Gain on sale of processing stake

(6)

1,764

Gain on sale of Visa class B shares

187

Gain on BOLI settlement

127

Adjusted PPNR

583

633

567

568

562

663

629

511

477

Annualized Adjusted PPNR (a)

2,332

2,532

2,268

2,272

2,248

2,652

2,516

2,044

1,908

Tangible Assets (b)

108,528

109,833

109,525

110,140

110,857

108,204

113,434

116,536

116,972

Risk Weighted Assets (c)

100,204

98,904

Net charge-offs

356

956

434

582

708

756

626

521

1,652

Portfolio action net charge-offs

-

510

-

-

-

-

-

-

800

Adjust net charge-offs

356

446

434

582

708

756

626

521

852

Annualized net charge-offs (d)

1,424

3,824

1,736

2,328

2,832

3,024

2,504

2,084

6,608

Annualized adjusted NCO (e)

1,424

1,784

1,736

2,328

2,832

3,024

2,504

2,084

3,408

HFI Nonperforming Asssets (f)

2,174

2,082

Ratios:

PPNR / Tangible Assets (a) / (b)

2.1%

2.3%

2.1%

2.1%

2.0%

2.5%

2.2%

1.8%

1.6%

PPNR / RWA (a) / (c)

2.3%

2.6%

PPNR / NCO (a) / (d)

164%

66%

131%

98%

79%

PPNR / Adjusted NCO (a) / (e)

164%

142%

131%

98%

79%

PPNR / HFI NPA (a) / (f)

107%

122%

For the Three Months Ended

50

©

Fifth Third Bank | All Rights Reserved

Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

Pro forma

Pro forma

(unaudited)

Common Share Issuance, TARP

Common Share Issuance

December

December

December

September

June

March

December

2010

2010

2010

2010

2010

2010

2009

Total Bancorp shareholders' equity (U.S. GAAP)

12,292

15,700

14,051

13,884

13,701

13,408

13,497

Less: 

Preferred stock

(398)

(3,654)

(3,654)

(3,642)

(3,631)

(3,620)

(3,609)

Goodwill

(2,417)

(2,417)

(2,417)

(2,417)

(2,417)

(2,417)

(2,417)

Intangible assets

(62)

(62)

(62)

(72)

(83)

(94)

(106)

Tangible common equity, including unrealized gains / losses (a)

9,415

9,567

7,918

7,753

7,570

7,277

7,365

Less: Accumulated other comprehensive income / loss

(314)

(314)

(314)

(432)

(440)

(288)

(241)

Tangible common equity, excluding unrealized gains / losses (b)

9,101

9,253

7,604

7,321

7,130

6,989

7,124

Add back: Preferred stock

398

3,654

3,654

3,642

3,631

3,620

3,609

Tangible equity (c)

9,499

12,907

11,258

10,963

10,761

10,609

10,733

Total assets (U.S. GAAP)

111,007

111,007

111,007

112,322

112,025

112,651

113,380

Less: 

Goodwill

(2,417)

(2,417)

(2,417)

(2,417)

(2,417)

(2,417)

(2,417)

Intangible assets

(62)

(62)

(62)

(72)

(83)

(94)

(106)

Tangible assets, including unrealized gains / losses (d)

108,528

108,528

108,528

109,833

109,525

110,140

110,857

Less: Accumulated other comprehensive income / loss, before tax

(483)

(483)

(483)

(665)

(677)

(443)

(370)

Tangible assets, excluding unrealized gains / losses (e)

108,045

108,045

108,045

109,168

108,848

109,697

110,487

Total Bancorp shareholders' equity (U.S. GAAP)

12,292

15,700

14,051

13,884

13,701

13,408

13,497

Goodwill and certain other intangibles

(2,546)

(2,546)

(2,546)

(2,525)

(2,537)

(2,556)

(2,565)

Unrealized gains

(314)

(314)

(314)

(432)

(440)

(288)

(241)

Qualifying trust preferred securities

2,763

2,763

2,763

2,763

2,763

2,763

2,763

Other

11

11

11

8

(25)

(30)

(26)

Tier I capital

12,206

15,614

13,965

13,698

13,462

13,297

13,428

Less:

Preferred stock

(398)

(3,654)

(3,654)

(3,642)

(3,631)

(3,620)

(3,609)

Qualifying trust preferred securities

(2,763)

(2,763)

(2,763)

(2,763)

(2,763)

(2,763)

(2,763)

Qualifying noncontrolling interest in consolidated subsidiaries

(30)

(30)

(30)

(30)

-

-

-

Tier I common equity (f)

9,015

9,167

7,518

7,263

7,068

6,914

7,056

Common shares outstanding (g)

796

796

796

796

796

795

795

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (h)

100,193

100,193

100,193

98,904

98,604

99,281

100,933

Ratios:

Tangible equity (c) / (e)

8.79%

11.95%

10.42%

10.04%

9.89%

9.67%

9.71%

Tangible common equity (excluding unrealized gains/losses) (b) / (e)

8.42%

8.56%

7.04%

6.70%

6.55%

6.37%

6.45%

Tangible common equity (including unrealized gains/losses) (a) / (d)

8.68%

8.82%

7.30%

7.06%

6.91%

6.61%

6.64%

Tangible common equity as a percent of risk-weighted assets

(excluding unrealized gains/losses) (b) / (h)

9.08%

9.24%

7.59%

7.40%

7.23%

7.04%

7.06%

Tangible book value per share (a) / (g)

11.83

12.02

9.94

9.74

9.51

9.16

9.26

Tier I common equity (f) / (h)

9.00%

9.14%

7.50%

7.34%

7.17%

6.96%

6.99%

For the Three Months Ended

51

©

Fifth Third Bank | All Rights Reserved

Regulation G Non-GAAP reconciliation

Common offering and TARP repay

4Q10

Common share offering only

4Q10

Tier 1 Capital ratio

Tier 1 Capital ratio

Tier 1 capital

13,964,857

$              

Tier 1 capital

13,964,857

$           

TARP repay

(3,408,000)

$              

Equity raise

1,648,830

$                

Equity raise

1,648,830

$             

12,205,687

$              

15,613,687

$           

RWA

100,193,435

$            

RWA

100,193,435

$         

Asset increase

-

$                           

Asset increase

-

$                         

100,193,435

$            

100,193,435

$         

Tier 1

13.9%

Tier 1

13.9%

Tier 1 pro forma

12.2%

Tier 1 pro forma

15.6%

Total RBC ratio

Total RBC ratio

Total RBC

18,173,452

$              

Total rbc

18,173,452

$           

TARP repay

(3,408,000)

$              

Equity raise

1,648,830

$                

Equity raise

1,648,830

$             

16,414,282

$              

19,822,282

$           

RWA

100,193,435

$            

RWA

100,193,435

$         

Asset increase

-

$                           

Asset increase

-

$                         

100,193,435

$            

100,193,435

$         

Total RBC

18.1%

Total RBC

18.1%

Total RBC pro forma

16.4%

Total RBC

19.8%

pro forma

Tier 1 leverage

Tier 1 leverage

Tier 1 capital

13,964,857

$              

Tier 1 capital

13,964,857

$           

TARP repay

(3,408,000)

$              

Equity raise

1,648,830

$                

Equity raise

1,648,830

$             

12,205,687

$              

15,613,687

$           

Quarterly Avg Assets

109,207,711

$            

Quarterly Avg Assets

109,207,711

$         

Asset increase

-

$                           

Asset increase

-

$                         

109,207,711

$            

109,207,711

$         

Tier 1 lev

12.8%

Tier 1 lev

12.8%

Tier 1 lev pro forma

11.2%

Tier 1 lev pro forma

14.3%

52

©

Fifth Third Bank | All Rights Reserved

Regulation G Non-GAAP reconciliation

The Bancorp considers various measures when evaluating capital utilization and adequacy, including the tangible equity ratio, tangible common equity ratio and

tier I common equity ratio, in addition to capital ratios defined by banking regulators. These calculations are intended to complement the capital ratios defined by

banking regulators for both absolute and comparative purposes. Because U.S. GAAP does not include capital ratio measures, the Bancorp believes there are no

comparable U.S. GAAP financial measures to these ratios. Tier I common equity is not formally defined by U.S. GAAP or codified in the federal banking

regulations and, therefore, is considered to be a non-GAAP financial measure. Since analysts and banking regulators may assess the Bancorp’s capital

adequacy using these ratios, the Bancorp believes they are useful to provide investors the ability to assess its capital adequacy on this same basis.

The Bancorp believes these non-GAAP measures are important because they reflect the level of capital available to withstand unexpected market conditions.

Additionally, presentation of these measures allows readers to compare certain aspects of the Bancorp’s capitalization to other organizations. However, because

there are no standardized definitions for these ratios, the Bancorp’s calculations may not be comparable with other organizations, and the usefulness of these

measures to investors may be limited. As a result, the Bancorp encourages readers to consider its Condensed Consolidated Financial Statements in their

entirety and not to rely on any single financial measure.

Phase out of TRUPs (Equity raise)

4Q10

Tier 1 Capital ratio

Tier 1 capital

13,964,857

$            

TARP repay

TRUPs

(2,762,782)

Equity raise

1,648,830

$              

12,850,905

$            

RWA

100,193,435

$          

Asset increase

-

$                          

100,193,435

$          

Tier 1

13.9%

Tier 1 pro forma

12.8%

Phase out of TRUPs (TARP, Equity raise)

4Q10

Tier 1 Capital ratio

Tier 1 capital

13,964,857

$             

TARP repay

(3,408,000)

$             

TRUPs

(2,762,782)

Equity raise

1,648,830

$               

9,442,905

$               

RWA

100,193,435

$           

Asset increase

-

$                          

100,193,435

$           

Tier 1

13.9%

Tier 1 pro forma

9.4%

Common share offering only

4Q10

Tangible Common Equity ratio

Tangible CE

7,603,486

$               

Equity raise

1,648,830

$               

9,252,316

$               

Tangible Assets

108,044,298

$           

Asset increase

-

$                           

108,044,298

$           

TCE

7.0%

TCE pro forma

8.6%

Tier 1 Common

Tier 1 common

7,518,667

$               

Equity raise

1,648,830

$               

9,167,497

$               

RWA

100,193,435

$           

Asset increase

-

$                           

100,193,435

$           

Tier 1 common

7.5%

Tier 1 common

9.1%

pro forma

EX-99.3

Exhibit 99.3

January 2011

QUARTERLY FINANCIAL SUPPLEMENT

Investment Community Member:

To assist in your financial analysis, the following supplement of most requested information concerning Fifth Third Bancorp is provided.

Numbers are unaudited for quarterly information.

If you need further information, please fax or e-mail your request to Fifth Third's Investor Relations Department at (513) 534-3945 or IR@53.com

Jim Eglseder	Rich Rosen
VP / Investor Relations	VP / Investor Relations
(513) 534-8424	(513) 534-3307

Quarterly Data

	Three Months Ended
	December 31,		September 30,		June 30,		March 31,			December 31,			September 30,			June 30,		March 31,
	2010		2010		2010		2010			2009			2009			2009		2009
Ratios (percent)
Return on assets		1.18		0.84		0.68		(0.04	)		(0.35	)		(0.34	)		3.05		0.17
Return on average common equity		10.4		6.8		5.2		(3.0	)		(6.3	)		(6.1	)		41.2		(1.4	)
Average equity as a percent of average assets		12.52		12.38		12.04		11.92			12.31			12.24			10.78		10.18
Net interest margin (a)		3.75		3.70		3.57		3.63			3.55			3.43			3.26		3.06
Efficiency (a)		62.6		56.2		62.1		62.6			63.1			50.8			29.9		65.1
Net losses charged off as a percent of average loans and leases		1.86		4.95		2.26		3.01			3.62			3.75			3.08		2.38
Allowance for loan and lease losses as a percent of loans and leases		3.88		4.20		4.85		4.91			4.88			4.69			4.28		3.72
Allowance for credit losses as a percent of loans and leases		4.17		4.51		5.18		5.25			5.27			5.06			4.57		4.00
Nonperforming assets as a percent of loans, leases and other assets, including OREO (b)		2.79		2.72		3.87		4.02			4.22			4.09			3.48		3.20
Allowance for loan and lease losses as a percent of nonperforming assets (b)		138.18		153.41		124.40		121.50			115.55			114.30			122.71		115.93
Allowance for credit losses as a percent of nonperforming assets (b)		148.62		164.54		132.97		129.80			124.63			123.11			131.12		124.66
Common Share Data
Earnings per share	$	0.34	$	0.22	$	0.16	$	(0.09	)	$	(0.20	)	$	(0.20	)	$	1.35	$	(0.04	)
Earnings per diluted share	$	0.33	$	0.22	$	0.16	$	(0.09	)	$	(0.20	)	$	(0.20	)	$	1.15	$	(0.04	)
Cash dividends per common share		0.01		0.01		0.01		0.01			0.01			0.01			0.01		0.01
Book value per share		13.06		12.86		12.65		12.31			12.44			12.69			12.71		13.61
Common shares outstanding, excluding treasury		796,272,522		796,283,198		796,319,712		794,816,131			795,068,164			795,316,187			795,313,448		576,935,997
Market price per share:
High	$	15.11	$	13.81	$	15.95	$	14.05		$	10.92		$	11.20		$	9.15	$	8.65
Low		11.71		10.64		12.00		9.81			8.76			6.33			2.50		1.01
End of period		14.68		12.03		12.29		13.56			9.75			10.13			7.10		2.92
Supplemental Data
Common dividends declared ($ in millions)	$	8	$	8	$	8	$	8		$	8		$	8		$	8	$	5
Full-time equivalent employees		20,838		20,667		20,479		20,038			20,998			20,559			20,702		20,618
Banking centers		1,312		1,309		1,309		1,309			1,309			1,306			1,306		1,311
ATMs		2,445		2,390		2,362		2,364			2,358			2,372			2,355		2,354

(a) Presented on a fully taxable equivalent basis (FTE).

(b) Excludes nonperforming assets held for sale.

Page 1

Quarterly Data

	Three Months Ended
	December 31,			September 30,			June 30,			March 31,			December 31,			September 30,			June 30,			March 31,
	2010			2010			2010			2010			2009			2009			2009			2009
Income Statement ($ in millions)
Interest income (FTE)	$	1,109		$	1,130		$	1,121		$	1,147		$	1,147		$	1,174		$	1,184		$	1,183
Interest expense		190			214			234			246			265			300			348			402
Net interest income (FTE)		919			916			887			901			882			874			836			781
Provision for loan and lease losses		166			457			325			590			776			952			1,041			773
Noninterest income:
Service charges on deposits		140			143			149			142			159			164			162			146
Investment advisory revenue		93			90			87			91			86			82			79			79
Corporate banking revenue		103			86			93			81			89			77			93			113
Mortgage banking net revenue		149			232			114			152			132			140			147			134
Card and processing revenue		81			77			84			73			76			74			243			223
Gain on sale of processing business		—			—			—			—			—			(6	)		1,764			—
Other noninterest income		55			195			85			74			107			312			49			10
Securities gains (losses), net		21			4			8			14			2			8			5			(24	)
Securities gains, net - non-qualifying hedges on mortgage servicing rights		14			—			—			—			—			—			41			16
Total noninterest income		656			827			620			627			651			851			2,583			697
Noninterest expense:
Salaries, wages and incentives		385			360			356			329			331			335			346			327
Employee benefits		73			82			73			86			69			83			75			83
Net occupancy expense		76			72			73			76			75			75			79			79
Technology and communications		52			48			45			45			47			43			45			45
Equipment expense		32			30			31			30			31			30			31			31
Card and processing expense		26			26			31			25			27			25			75			67
Other noninterest expense		343			361			326			365			387			285			370			330
Total noninterest expense		987			979			935			956			967			876			1,021			962
Income (loss) before income taxes (FTE)		422			307			247			(18	)		(210	)		(103	)		1,357			(257	)
Taxable equivalent adjustment		5			4			5			4			4			5			5			5
Income (loss) before income taxes		417			303			242			(22	)		(214	)		(108	)		1,352			(262	)
Applicable income tax (benefit)		83			65			50			(12	)		(116	)		(11	)		470			(312	)
Net income (loss)	$	334		$	238		$	192		$	(10	)	$	(98	)	$	(97	)	$	882		$	50
Less: Net income attributable to noncontrolling interests		1			—			—			—			—			—			—			—
Net income (loss) attributable to Bancorp	$	333		$	238		$	192		$	(10	)	$	(98	)	$	(97	)	$	882		$	50
Dividends on preferred stock		63			63			62			62			62			62			26			76
Net income (loss) available to common shareholders	$	270		$	175		$	130		$	(72	)	$	(160	)	$	(159	)	$	856		$	(26	)
Regulatory Capital Data ($ in millions) (a)
Tier I capital	$	13,965		$	13,698		$	13,462		$	13,297		$	13,428		$	13,574		$	13,742		$	11,924
Tier II capital		4,208			4,379			4,279			4,120			4,207			4,352			4,330			4,578
Total risk-based capital	$	18,173		$	18,077		$	17,741		$	17,417		$	17,648		$	17,926		$	18,072		$	16,502
Risk-weighted assets	$	100,193		$	98,904		$	98,604		$	99,281		$	100,933		$	102,875		$	106,538		$	109,087
Tier I capital ratio		13.94	%		13.85	%		13.65	%		13.39	%		13.30	%		13.19	%		12.90	%		10.93	%
Total risk-based capital ratio		18.14	%		18.28	%		17.99	%		17.54	%		17.48	%		17.43	%		16.96	%		15.13	%
Tier I leverage ratio		12.79	%		12.54	%		12.24	%		12.00	%		12.34	%		12.34	%		12.17	%		10.29	%
Tier I common equity ratio		7.50	%		7.34	%		7.17	%		6.96	%		6.99	%		7.01	%		6.94	%		4.50	%

(a) Current period regulatory capital data and ratios are estimated.

Page 2

Quarterly Data

	As of
	December 31,			September 30,			June 30,			March 31,			December 31,			September 30,			June 30,			March 31,
	2010			2010			2010			2010			2009			2009			2009			2009
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,159		$	2,215		$	2,216		$	2,133		$	2,318		$	2,130		$	2,899		$	2,491
Available-for-sale and other securities		15,414			15,975			16,021			16,935			18,213			15,682			16,061			16,916
Held-to-maturity securities		353			354			354			355			355			356			357			358
Trading securities		294			320			270			305			355			1,079			1,354			1,407
Other short-term investments		1,515			3,271			4,322			3,904			3,369			1,126			513			1,587
Total cash and securities		19,735			22,135			23,183			23,632			24,610			20,373			21,184			22,759
Loans held for sale		2,216			2,733			2,150			1,607			2,067			2,063			3,341			2,602
Portfolio loans and leases		77,491			76,009			76,232			77,423			76,779			78,419			81,429			82,569
Total loans and leases		79,707			78,742			78,382			79,030			78,846			80,482			84,770			85,171
Allowance for loan and lease losses		(3,004	)		(3,194	)		(3,693	)		(3,802	)		(3,749	)		(3,681	)		(3,485	)		(3,070	)
Bank premises and equipment		2,389			2,377			2,374			2,384			2,400			2,426			2,440			2,490
Operating lease equipment		479			470			489			492			499			486			474			470
Goodwill		2,417			2,417			2,417			2,417			2,417			2,417			2,417			2,623
Intangible assets		62			72			83			94			106			119			133			154
Servicing rights		822			599			646			725			700			626			595			481
Other real estate owned		506			504			454			399			300			274			249			255
Other assets		7,894			8,200			7,690			7,280			7,251			7,218			7,207			7,980
Total assets	$	111,007		$	112,322		$	112,025		$	112,651		$	113,380		$	110,740		$	115,984		$	119,313
Liabilities
Deposits:
Demand	$	21,413		$	20,109		$	19,256		$	19,482		$	19,411		$	17,666		$	17,202		$	16,370
Interest checking		18,560			17,225			17,759			19,126			19,935			15,168			14,630			14,510
Savings		20,903			20,260			19,646			19,099			17,898			17,098			16,819			16,517
Money market		5,035			5,064			4,666			4,782			4,431			4,378			4,193			4,353
Foreign office		3,721			3,807			3,430			2,844			2,454			2,356			2,244			1,671
Other time		7,728			9,379			10,966			11,643			12,466			13,725			14,540			14,571
Certificates - $100,000 and over		4,287			5,515			6,389			6,596			7,700			8,962			10,688			11,784
Other foreign office		1			3			3			2			10			5			504			6
Total deposits		81,648			81,362			82,115			83,574			84,305			79,358			80,820			79,782
Federal funds purchased		279			368			240			271			182			433			435			363
Other short-term borrowings		1,574			1,775			1,556			1,359			1,415			3,674			6,802			11,076
Other liabilities		3,868			3,951			3,424			3,092			3,474			3,425			4,125			3,812
Long-term debt		9,558			10,953			10,989			10,947			10,507			10,162			10,102			12,178
Total liabilities		96,927			98,409			98,324			99,243			99,883			97,052			102,284			107,211
Equity
Common and preferred equity		13,867			13,584			13,395			13,321			13,457			13,603			13,752			12,180
Net unrealized gains (losses):
Available-for-sale securities		321			434			432			268			216			274			157			178
Qualifying cash flow hedges		67			73			84			98			105			108			95			76
Accumulated other comprehensive income related to employee benefit plans		(74	)		(75	)		(76	)		(78	)		(80	)		(97	)		(100	)		(103	)
Treasury stock, at cost		(130	)		(132	)		(134	)		(201	)		(201	)		(200	)		(204	)		(229	)
Total shareholders’ equity		14,051			13,884			13,701			13,408			13,497			13,688			13,700			12,102
Noncontrolling interest		29			29			—			—			—			—			—			—
Total Equity		14,080			13,913			13,701			13,408			13,497			13,688			13,700			12,102
Total liabilities & equity	$	111,007		$	112,322		$	112,025		$	112,651		$	113,380		$	110,740		$	115,984		$	119,313
Share Data
Preferred shares outstanding		152,771			152,771			152,771			152,771			152,771			152,771			152,771			180,620
Common shares outstanding, excluding treasury		796,272,522			796,283,198			796,319,712			794,816,131			795,068,164			795,316,187			795,313,448			576,935,997
Treasury shares held		5,231,665			5,220,989			5,184,475			6,688,056			6,436,023			6,188,001			6,190,740			6,491,107

Page 3

Quarterly Data

	Three Months Ended
	December 31,			September 30,			June 30,			March 31,			December 31,			September 30,			June 30,			March 31,
	2010			2010			2010			2010			2009			2009			2009			2009
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	79,148		$	78,854		$	78,807		$	80,136		$	79,920		$	82,889		$	84,995		$	85,828
Taxable securities		15,367			15,580			16,263			17,030			16,999			15,652			15,578			15,343
Tax exempt securities		268			273			343			385			727			1,443			1,443			1,202
Other short-term investments		2,431			3,456			4,285			3,144			1,143			969			742			1,290
Total interest-earning assets		97,214			98,163			99,698			100,695			98,789			100,953			102,758			103,663
Cash and due from banks		2,284			2,283			2,163			2,247			2,276			2,257			2,350			2,438
Other assets		15,449			15,088			14,550			14,262			14,084			13,724			13,907			15,364
Allowance for loan and lease losses		(3,089	)		(3,680	)		(3,798	)		(3,771	)		(3,644	)		(3,481	)		(3,137	)		(2,784	)
Total assets	$	111,858		$	111,854		$	112,613		$	113,433		$	111,505		$	113,453		$	115,878		$	118,681
Liabilities
Interest-bearing liabilities:
Interest checking	$	17,578		$	17,142		$	18,652		$	19,533		$	16,324		$	14,869		$	14,837		$	14,229
Savings		20,602			19,905			19,446			18,469			17,540			16,967			16,705			16,272
Money market		4,985			4,940			4,679			4,622			4,279			4,280			4,167			4,559
Foreign office		3,733			3,592			3,325			2,757			2,516			2,432			1,717			1,755
Other time		8,490			10,261			11,336			12,059			13,049			14,264			14,612			14,501
Certificates - $100,000 and over		4,858			6,096			6,354			7,049			8,200			10,055			11,455			11,802
Other foreign office		9			4			5			8			51			95			240			247
Federal funds purchased		376			302			264			220			423			404			542			701
Other short-term borrowings		1,728			1,880			1,478			1,449			3,029			5,285			8,002			9,621
Long-term debt		10,298			10,954			10,876			11,489			10,404			10,108			11,130			12,531
Total interest-bearing liabilities		72,657			75,076			76,415			77,655			75,815			78,759			83,407			86,218
Demand deposits		21,066			19,362			19,406			18,822			18,137			17,059			16,689			15,532
Other liabilities		4,099			3,544			3,229			3,438			3,829			3,750			3,292			4,847
Total liabilities		97,822			97,982			99,050			99,915			97,781			99,568			103,388			106,597
Equity		14,036			13,872			13,563			13,518			13,724			13,885			12,490			12,084
Total liabilities & equity	$	111,858		$	111,854		$	112,613		$	113,433		$	111,505		$	113,453		$	115,878		$	118,681
Average loans and leases (excluding held for sale)	$	76,236		$	76,617		$	76,973		$	78,381		$	77,601		$	80,060		$	81,573		$	83,561
Average common shares outstanding:
Basic		791,072,308			791,016,740			790,838,716			790,472,577			790,441,911			790,334,226			629,789,476			571,810,034
Diluted		836,224,575			797,492,107			802,254,845			790,472,577			790,441,911			790,334,226			718,245,141			571,810,034

Page 4

Quarterly Data

	Three Months Ended
	December 31,			September 30,			June 30,			March 31,			December 31,			September 30,			June 30,			March 31,
	2010			2010			2010			2010			2009			2009			2009			2009
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	27,274		$	26,502		$	26,011		$	26,134		$	25,687		$	26,215		$	28,419		$	28,627
Commercial mortgage		10,992			11,333			11,569			11,865			11,936			12,252			12,600			12,768
Commercial construction		2,111			2,500			3,042			3,396			3,871			4,268			4,641			4,930
Commercial leases		3,378			3,304			3,271			3,388			3,535			3,584			3,532			3,521
Subtotal - commercial		43,755			43,639			43,893			44,783			45,029			46,319			49,192			49,846
Consumer:
Residential mortgage		10,858			9,989			9,672			9,239			9,845			9,955			11,440			10,972
Home equity		11,513			11,774			11,987			12,186			12,174			12,377			12,511			12,710
Automobile loans		10,983			10,738			10,285			10,180			8,995			8,972			8,741			8,688
Credit card		1,896			1,832			1,841			1,863			1,990			1,973			1,914			1,816
Other consumer loans and leases		702			770			704			779			813			886			972			1,139
Subtotal - consumer		35,952			35,103			34,489			34,247			33,817			34,163			35,578			35,325
Total loans and leases	$	79,707		$	78,742		$	78,382		$	79,030		$	78,846		$	80,482		$	84,770		$	85,171
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	26,509		$	26,348		$	26,179		$	26,299		$	25,838		$	27,416		$	28,038		$	28,968
Commercial mortgage		11,276			11,462			11,772			11,836			12,126			12,449			12,668			12,809
Commercial construction		2,289			2,955			3,258			3,781			4,134			4,475			4,842			5,115
Commercial leases		3,314			3,257			3,336			3,468			3,574			3,522			3,512			3,564
Subtotal - commercial		43,388			44,022			44,545			45,384			45,672			47,862			49,060			50,456
Consumer:
Residential mortgage		10,693			9,897			9,390			9,478			10,141			10,820			11,669			10,921
Home equity		11,655			11,897			12,102			12,338			12,291			12,452			12,636			12,763
Automobile loans		10,825			10,517			10,170			10,185			8,973			8,871			8,692			8,687
Credit card		1,844			1,838			1,859			1,940			1,982			1,955			1,863			1,825
Other consumer loans and leases		743			683			741			811			861			929			1,075			1,177
Subtotal - consumer		35,760			34,832			34,262			34,752			34,248			35,027			35,935			35,373
Total average loans and leases	$	79,148		$	78,854		$	78,807		$	80,136		$	79,920		$	82,889		$	84,995		$	85,829
Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	1,333		$	1,378		$	2,236		$	2,423		$	2,642		$	2,704		$	2,387		$	2,229
Nonaccrual loans held for sale		247			680			163			239			220			286			352			403
Restructured loans - commercial (non accrual) held for sale		47			19			4			4			4			2			—			—
Restructured loans and leases (non accrual) portfolio		347			206			294			310			305			243			200			167
Other assets, including other real estate owned		494			498			439			396			297			273			253			252
Total nonperforming assets	$	2,468		$	2,781		$	3,136		$	3,372		$	3,468		$	3,508		$	3,192		$	3,051
Ninety days past due loans and leases	$	317		$	317		$	397		$	436		$	567		$	992		$	762		$	733
Nonperforming Loans ($ in millions)(non-accrual plus renegotiated)
Commercial and industrial loans and leases	$	753		$	769		$	800		$	828		$	840		$	826		$	673		$	704
Commercial mortgage		581			820			878			980			1,035			1,072			953			900
Commercial construction loans		258			371			469			606			741			820			837			736
Consumer mortgage and construction		268			208			435			408			412			379			360			346
Other consumer loans and leases		114			115			115			153			144			138			116			113
Total nonperforming loans and leases (including held for sale)	$	1,974		$	2,283		$	2,697		$	2,975		$	3,172		$	3,235		$	2,939		$	2,799
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(399	)	$	(992	)	$	(472	)	$	(622	)	$	(743	)	$	(796	)	$	(658	)	$	(521	)
Recoveries		43			36			38			40			35			40			32			31
Net losses charged off	$	(356	)	$	(956	)	$	(434	)	$	(582	)	$	(708	)	$	(756	)	$	(626	)	$	(490	)

Page 5

EX-99.4

Exhibit 99.4

January 2011

ANNUAL FINANCIAL SUPPLEMENT

Investment Community Member:

To assist in your financial analysis, the following supplement of most requested information concerning Fifth Third Bancorp is provided.

Numbers are unaudited for year-end information.

If you need further information, please fax or e-mail your request to Fifth Third's Investor Relations Department at (513) 534-3945 or IR@53.com

Jim Eglseder	Rich Rosen
VP / Investor Relations	VP / Investor Relations
(513) 534-8424	(513) 534-3307

Yearly Data

	Years Ended December 31,
	2010		2009		2008			2007		2006
Ratios (percent)
Return on assets		0.67		0.64		(1.85	)		1.05		1.13
Return on average common equity		5.0		5.6		(23.0	)		11.2		12.1
Average equity as a percent of average assets		12.22		11.36		8.78			9.35		9.32
Net interest margin (a)		3.66		3.32		3.54			3.36		3.06
Efficiency (a)		60.7		46.9		70.4			60.2		55.4
Net losses charged off as a percent of average loans and leases		3.02		3.20		3.23			0.61		0.44
Allowance for loan and lease losses as a percent of loans and leases		3.88		4.88		3.31			1.17		1.04
Allowance for credit losses as a percent of loans and leases		4.17		5.27		3.54			1.29		1.14
Nonperforming assets as a percent of loans, leases and other assets, including OREO (b)		2.79		4.22		2.38			1.32		0.61
Allowance for loan and lease losses as a percent of nonperforming assets (b)		138.18		115.55		138.93			88.06		169.45
Allowance for credit losses as a percent of nonperforming assets (b)		148.62		124.63		148.64			96.97		186.20
Common Share Data
Earnings per share	$	0.63	$	0.73	$	(3.91	)	$	1.99	$	2.13
Earnings per diluted share		0.63		0.67		(3.91	)		1.98		2.12
Cash dividends per common share		0.04		0.04		0.75			1.70		1.58
Book value per share		13.06		12.44		13.57			17.24		18.00
Common shares outstanding, excluding treasury		796,272,522		795,068,164		577,386,612			532,671,925		556,252,674
Market price per share:
High	$	15.95	$	11.20	$	28.58		$	43.32	$	41.57
Low		9.81		1.01		6.32			24.82		35.86
Close		14.68		9.75		8.26			25.13		40.93
Supplemental Data
Common dividends declared ($ in millions)	$	32	$	29	$	413		$	914	$	880
Full-time equivalent employees		20,838		20,998		21,476			21,683		21,362
Banking centers		1,312		1,309		1,307			1,227		1,150
ATMs		2,445		2,358		2,341			2,211		2,096

(a) Presented on a fully taxable equivalent basis (FTE).

(b) Excludes nonperforming assets held for sale.

Page 1

Yearly Data

	Years Ended December 31,
	2010			2009			2008			2007			2006
Income Statement ($ in millions)
Interest income (FTE)	$	4,507		$	4,687		$	5,630		$	6,051		$	5,981
Interest expense		885			1,314			2,094			3,018			3,082
Net interest income (FTE)		3,622			3,373			3,536			3,033			2,899
Provision for loan and lease losses		1,538			3,543			4,560			628			343
Noninterest income:
Service charges on deposits		574			632			641			579			517
Investment advisory revenue		361			326			366			382			367
Corporate banking revenue		364			372			431			367			318
Mortgage banking net revenue		647			553			199			133			155
Card and processing revenue		316			615			912			825			717
Gain on sale of processing business		—			1,758			—			—			—
Other noninterest income		406			479			363			154			299
Securities gains (losses), net		47			(10	)		(86	)		21			(364	)
Securities gains, net - non-qualifying hedges on mortgage servicing rights		14			57			120			6			3
Total noninterest income		2,729			4,782			2,946			2,467			2,012
Noninterest expense:
Salaries, wages, and incentives		1,430			1,339			1,337			1,239			1,174
Employee benefits		314			311			278			278			292
Net occupancy expense		298			308			300			269			245
Technology and communications		189			181			191			169			141
Equipment expense		122			123			130			123			116
Card and processing expense		108			193			274			244			184
Other noninterest expense		1,394			1,371			2,054			989			763
Total noninterest expense		3,855			3,826			4,564			3,311			2,915
Income (loss) before income taxes and cumulative effect (FTE)		958			786			(2,642	)		1,561			1,653
Taxable equivalent adjustment		18			19			22			24			26
Income (loss) before income taxes and cumulative effect		940			767			(2,664	)		1,537			1,627
Applicable income taxes		187			30			(551	)		461			443
Income (loss) before cumulative effect		753			737			(2,113	)		1,076			1,184
Cumulative effect of change in accounting principle, net of tax		—			—			—			—			4
Net income (loss)	$	753		$	737		$	(2,113	)	$	1,076		$	1,188
Less: Net income attributable to noncontrolling interests		—			—			—			—			—
Net income (loss) attributable to Bancorp		753			737			(2,113	)		1,076			1,188
Dividend on Preferred Stock		250			226			67			1			—
Net income (loss) available to common shareholders	$	503		$	511		$	(2,180	)	$	1,075		$	1,188
Regulatory Capital Data ($ in millions) (a)
Tier I capital	$	13,965		$	13,428		$	11,924		$	8,924		$	8,625
Tier II capital		4,208			4,207			4,722			2,809			2,760
Total risk-based capital	$	18,173		$	17,635		$	16,646		$	11,733		$	11,385
Risk-weighted assets	$	100,193		$	100,933		$	112,622		$	115,529		$	102,823
Tier I capital ratio		13.94	%		13.30	%		10.59	%		7.72	%		8.39	%
Total risk-based capital ratio		18.14	%		17.48	%		14.78	%		10.16	%		11.07	%
Tier I leverage ratio		12.79	%		12.34	%		10.27	%		8.50	%		8.44	%
Tier I common equity ratio		7.50	%		6.99	%		4.37	%		5.72	%		8.22	%

(a) 2009 regulatory capital data and ratios are estimated.

Page 2

Yearly Data

	Years Ended December 31,
	2010			2009			2008			2007			2006
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,159		$	2,318		$	2,739		$	2,660		$	2,705
Available-for-sale securities		15,414			18,213			12,728			10,677			11,053
Held-to-maturity securities		353			355			360			355			356
Trading securities		294			355			1,191			171			187
Other short-term investments		1,515			3,369			3,578			620			841
Total cash and securities		19,735			24,610			20,596			14,483			15,142
Loans held for sale		2,216			2,067			1,452			4,329			1,150
Portfolio loans and leases		77,491			76,779			84,143			80,253			74,353
Total loans and leases		79,707			78,846			85,595			84,582			75,503
Allowance for loan and lease losses		(3,004	)		(3,749	)		(2,787	)		(937	)		(771	)
Bank premises and equipment		2,389			2,400			2,494			2,223			1,940
Operating lease equipment		479			499			463			353			202
Goodwill		2,417			2,417			2,624			2,470			2,193
Intangible assets		62			106			168			147			166
Servicing rights		822			700			499			618			524
Other real estate owned		506			300			231			159			88
Other assets		7,894			7,251			9,881			9,087			7,622
Total assets	$	111,007		$	113,380		$	119,764		$	110,962		$	100,669
Liabilities
Deposits:
Demand	$	21,413		$	19,411		$	15,287		$	14,404		$	14,331
Interest checking		18,560			19,935			14,222			15,254			15,993
Savings		20,903			17,898			16,063			15,635			13,181
Money market		5,035			4,431			4,689			6,521			6,584
Foreign Office		3,721			2,454			2,144			2,572			1,353
Other time		7,728			12,466			14,350			11,440			10,987
Certificates - $100,000 and over		4,287			7,700			11,851			6,738			6,628
Other foreign office		1			10			7			2,881			323
Total deposits		81,648			84,305			78,613			75,445			69,380
Federal funds purchased		279			182			287			4,427			1,421
Other short-term borrowings		1,574			1,415			9,959			4,747			2,796
Other liabilities		3,868			3,474			5,243			4,325			4,492
Long-term debt		9,558			10,507			13,585			12,857			12,558
Total liabilities		96,927			99,883			107,687			101,801			90,647
Equity
Common and preferred equity		13,867			13,457			12,208			11,496			11,433
Net unrealized gains (losses):
Available-for-sale securities		321			216			115			(93	)		(119	)
Qualifying cash flow hedges		67			105			88			24			(1	)
Accumulated other comprehensive income related to employee benefit plans		(74	)		(80	)		(105	)		(57	)		(59	)
Treasury stock, at cost		(130	)		(201	)		(229	)		(2,209	)		(1,232	)
Total shareholder’s equity		14,051			13,497			12,077			9,161			10,022
Noncontrolling interest		29			—			—			—			—
Total Equity		14,080			13,497			12,077			9,161			10,022
Total liabilities & equity	$	111,007		$	113,380		$	119,764		$	110,962		$	100,669
Share Data
Preferred shares outstanding		152,771			152,771			180,620			9,250			9,250
Common shares outstanding, excluding treasury		796,272,522			795,068,164			577,386,612			532,671,925			556,252,674
Treasury shares held		5,231,665			6,436,023			6,040,492			50,755,179			27,174,430

Page 3

Yearly Data

	Years Ended December 31,
	2010			2009			2008			2007			2006
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	79,232		$	83,391		$	85,835		$	78,348		$	73,493
Taxable securities		16,054			15,897			13,082			11,131			20,306
Tax exempt securities		317			1,203			342			499			604
Other short-term investments		3,328			1,035			621			404			410
Total interest-earning assets		98,931			101,526			99,880			90,382			94,813
Cash and due from banks		2,245			2,329			2,490			2,275			2,463
Other assets		14,841			14,266			13,411			10,613			8,713
Allowance for loan and lease losses		(3,583	)		(3,265	)		(1,485	)		(793	)		(751	)
Total assets	$	112,434		$	114,856		$	114,296		$	102,477		$	105,238
Liabilities
Interest-bearing liabilities:
Interest checking	$	18,218		$	15,070		$	14,191		$	14,820		$	16,650
Savings		19,612			16,875			16,192			14,836			12,189
Money market		4,808			4,320			6,127			6,308			6,366
Foreign office		3,355			2,108			2,153			1,762			732
Other time		10,526			14,103			11,135			10,778			10,500
Certificates - $100,000 and over		6,083			10,367			9,532			6,466			5,795
Other foreign office		6			157			2,066			1,393			2,979
Federal funds purchased		291			517			2,975			3,646			4,148
Short-term borrowings		1,635			6,463			7,785			3,244			8,670
Long-term debt		10,902			11,035			13,903			12,505			14,247
Total interest-bearing liabilities		75,436			81,015			86,059			75,758			78,128
Demand deposits		19,669			16,862			14,017			13,261			13,741
Other liabilities		3,580			3,926			4,182			3,876			3,558
Total liabilities		98,685			101,803			104,258			92,894			95,427
Equity		13,749			13,053			10,038			9,583			9,811
Total liabilities & equity	$	112,434		$	114,856		$	114,296		$	102,477		$	105,238
Average loans and leases (excluding held for sale)	$	77,045		$	80,681		$	83,895		$	76,033		$	72,447
Average common shares outstanding:
Basic		790,852,185			696,452,466			553,112,898			537,669,793			554,983,021
Diluted		799,381,153			726,508,263			553,112,898			540,118,386			557,493,607

Page 4

Yearly Data

	Years Ended December 31,
	2010			2009			2008			2007			2006
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial loans	$	27,274		$	25,687		$	29,220		$	26,079		$	20,831
Commercial mortgage		10,992			11,936			12,952			11,967			10,405
Commercial construction		2,111			3,871			5,114			5,561			6,168
Commercial leases		3,378			3,535			3,666			3,737			3,841
Subtotal - commercial		43,755			45,029			50,952			47,344			41,245
Consumer:
Residential mortgage		10,858			9,845			10,292			11,433			9,905
Home equity		11,513			12,174			12,752			11,874			12,154
Automobile loans		10,983			8,995			8,594			11,183			10,028
Credit card		1,896			1,990			1,811			1,591			1,004
Other consumer loans and leases		702			813			1,198			1,157			1,167
Subtotal - consumer		35,952			33,817			34,647			37,238			34,258
Total loans and leases	$	79,707		$	78,846		$	85,599		$	84,582		$	75,503
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial loans	$	26,334		$	27,556		$	28,426		$	22,351		$	20,504
Commercial mortgage		11,585		$	12,511			12,776			11,078			9,797
Commercial construction		3,066		$	4,638			5,846			5,661			6,015
Commercial leases		3,343		$	3,543			3,680			3,683			3,730
Subtotal - commercial		44,328		$	48,248			50,728			42,773			40,046
Consumer:
Residential mortgage		9,868		$	10,886			10,993			10,489			9,574
Home equity		11,996		$	12,534			12,269			11,887			12,070
Automobile loans		10,427		$	8,807			8,925			10,704			9,570
Credit card		1,870		$	1,907			1,708			1,276			838
Other consumer loans and leases		743		$	1,009			1,213			1,219			1,394
Subtotal - consumer		34,904		$	35,143			35,108			35,575			33,446
Total average loans and leases	$	79,232		$	83,391		$	85,836		$	78,348		$	73,492
Asset Quality ($ in millions)
Nonaccrual loans and leases	$	1,333		$	2,642		$	1,696		$	813		$	352
Nonaccrual loans held for sale		247			220			473			—			—
Restructured loans - commercial (non accrual) held for sale		47			4			—			—			—
Restructured loans and leases (non accrual) portfolio		347			305			80			80			—
Other assets, including other real estate owned		494			297			230			171			103
Total nonperforming assets	$	2,468		$	3,468		$	2,479		$	1,064		$	455
Ninety days past due loans and leases	$	317		$	567		$	662		$	491		$	210
Nonperforming Loans ($ in millions) (non-accrual plus renegotiated)
Commercial mortgage	$	581			1,035			715			243			84
Commercial construction loans		258			741			578			249			54
Commercial and industrial loans and leases		753			840			586			180			133
Consumer mortgage and construction		268			412			279			121			38
Other consumer loans and leases		114			144			91			100			43
Total nonperforming loans	$	1,974		$	3,172		$	2,249		$	893		$	352
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(2,484	)	$	(2,719	)	$	(2,792	)	$	(544	)	$	(408	)
Recoveries		156			138			82			81			92
Net losses charged off	$	(2,328	)	$	(2,581	)	$	(2,710	)	$	(463	)	$	(316	)

Page 5

EX-99.5

Exhibit 99.5

Fourth Quarter 2010 Portfolio Loan and Lease Stratifications

Please refer to January 2011 earnings release for further information

Fourth Quarter 2010 Portfolio Loan and Lease Stratifications

Consumer

2

Brokered home equity ($1.7 billion)

Combined loan-to-value (origination)

		<=70%**	70.1-80%	80.1-90%	90.1-95%	95.1 +	Total
Florida	Loans (% of total)	1%	1%	1%	<1%	1%	3%
	NPA + 90+ ratio	4.4%	9.1%	6.3%	9.5%	8.4%	7.6%
	NCO ratio	1.3%	16.2%	25.5%	8.4%	23.5%	16.7%
Michigan	Loans (% of total)	2%	3%	5%	4%	7%	21%
	NPA + 90+ ratio	3.1%	2.3%	2.0%	2.1%	2.9%	2.5%
	NCO ratio	6.3%	2.9%	6.5%	9.0%	7.6%	6.8%
Other	Loans (% of total)	7%	9%	16%	11%	33%	76%
	NPA + 90+ ratio	2.2%	2.9%	1.9%	2.0%	2.7%	2.4%
	NCO ratio	0.7%	3.1%	4.8%	5.5%	6.7%	5.1%
Total	Loans (% of total)	10%	13%	22%	14%	41%	100%
	NPA + 90+ ratio	2.5%	3.1%	2.0%	2.1%	2.8%	2.5%
	NCO ratio	2.1%	3.7%	5.7%	6.5%	7.2%	5.8%
1sts	Loans (% of total)	5%	4%	3%	1%	4%	16%
	NPA + 90+ ratio	2.2%	3.5%	2.8%	2.4%	3.9%	3.0%
	NCO ratio	4.1%	3.0%	2.9%	2.1%	2.3%	3.1%
2nds	Loans (% of total)	5%	9%	19%	14%	37%	84%
	NPA + 90+ ratio	2.8%	2.9%	1.9%	2.1%	2.7%	2.5%
	NCO ratio	0.2%	4.0%	6.1%	6.6%	7.7%	6.3%
Total	Loans (% of total)	10%	13%	22%	14%	41%	100%
	NPA + 90+ ratio	2.5%	3.1%	2.0%	2.1%	2.8%	2.5%
	NCO ratio	2.1%	3.7%	5.7%	6.5%	7.2%	5.8%
HE loans	Loans (% of total)	1%	3%	4%	3%	12%	23%
	NPA + 90+ ratio	2.6%	4.5%	2.6%	2.6%	3.3%	3.2%
	NCO ratio	1.6%	3.4%	6.3%	5.1%	7.0%	5.9%
HELOCs	Loans (% of total)	9%	10%	18%	11%	29%	77%
	NPA + 90+ ratio	2.5%	2.7%	1.9%	2.0%	2.6%	2.4%
	NCO ratio	2.1%	3.8%	5.6%	6.8%	7.3%	5.8%
Total	Loans (% of total)	10%	13%	22%	14%	41%	100%
	NPA + 90+ ratio	2.5%	3.1%	2.0%	2.1%	2.8%	2.5%
	NCO ratio	2.1%	3.7%	5.7%	6.5%	7.2%	5.8%
< 660#	Loans (% of total)	1%	1%	1%	1%	1%	4%
	NPA + 90+ ratio	9.1%	11.9%	4.0%	3.4%	4.2%	5.6%
	NCO ratio	3.4%	9.7%	12.4%	8.6%	13.2%	10.6%
660-689	Loans (% of total)	1%	1%	3%	2%	5%	12%
	NPA + 90+ ratio	2.9%	3.6%	3.3%	4.3%	4.1%	3.8%
	NCO ratio	8.0%	11.5%	6.9%	15.7%	10.6%	10.4%
690-719	Loans (% of total)	1%	2%	4%	3%	10%	21%
	NPA + 90+ ratio	3.9%	5.0%	3.2%	2.7%	3.2%	3.4%
	NCO ratio	5.8%	3.2%	11.4%	4.7%	8.6%	7.8%
720-749	Loans (% of total)	2%	3%	5%	4%	11%	23%
	NPA + 90+ ratio	1.4%	3.1%	1.9%	1.7%	2.7%	2.3%
	NCO ratio	1.7%	2.8%	4.5%	6.6%	6.4%	5.3%
750+	Loans (% of total)	5%	6%	9%	5%	13%	39%
	NPA + 90+ ratio	1.4%	1.5%	1.0%	1.1%	2.0%	1.5%
	NCO ratio	0.2%	2.4%	2.6%	4.1%	4.7%	3.1%
Other^	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	<1%
	NPA + 90+ ratio	8.3%	0.0%	0.0%	0.0%	0.0%	5.8%
	NCO ratio	1.3%	0.0%	0.0%	-5.3%	-0.6%	0.6%
Total	Loans (% of total)	10%	13%	22%	14%	41%	100%
	NPA + 90+ ratio	2.5%	3.1%	2.0%	2.1%	2.8%	2.5%
	NCO ratio	2.1%	3.7%	5.7%	6.5%	7.2%	5.8%

^# Includes relationship based and private lending

** Contains some loans (primarily acquired) where LTV was not recorded. The NCO ratio of these loans is materially lower than the total portfolio.

^{^} Includes acquired loans where FICOs at origination is not available

Note: Consumer net charge-off ratios are calculated using end of period loan balances

Note: Numbers may not tie due to rounding and minor differences between internal management and external reporting with respect to certain products

3

Retail direct home equity ($9.6 billion)
Combined loan-to-value (origination)
		<=70%**	70.1-80%	80.1-90%	90.1-95%	95.1 +	Total
Florida	Loans (% of total)	5%	2%	1%	<1%	<1%	9%
	NPA + 90+ ratio	2.1%	2.0%	7.3%	7.4%	5.6%	2.9%
	NCO ratio	2.7%	3.3%	8.8%	14.8%	4.9%	3.9%
Michigan	Loans (% of total)	9%	5%	4%	1%	2%	21%
	NPA + 90+ ratio	0.9%	0.8%	1.1%	1.3%	2.1%	1.0%
	NCO ratio	0.9%	1.7%	2.1%	5.5%	3.7%	1.9%
Other	Loans (% of total)	29%	17%	13%	4%	7%	70%
	NPA + 90+ ratio	0.9%	0.8%	1.0%	1.0%	1.3%	1.0%
	NCO ratio	0.6%	1.2%	1.5%	1.7%	3.5%	1.3%
Total	Loans (% of total)	43%	24%	18%	6%	9%	100%
	NPA + 90+ ratio	1.1%	0.9%	1.4%	1.4%	1.6%	1.1%
	NCO ratio	0.9%	1.5%	2.0%	3.2%	3.6%	1.6%
1sts	Loans (% of total)	20%	8%	3%	1%	1%	32%
	NPA + 90+ ratio	0.7%	1.0%	1.6%	3.9%	2.3%	0.9%
	NCO ratio	0.4%	0.8%	0.9%	2.9%	2.2%	0.6%
2nds	Loans (% of total)	23%	16%	15%	5%	9%	68%
	NPA + 90+ ratio	1.4%	0.8%	1.3%	1.1%	1.5%	1.2%
	NCO ratio	1.4%	1.8%	2.2%	3.2%	3.7%	2.1%
Total	Loans (% of total)	43%	24%	18%	6%	9%	100%
	NPA + 90+ ratio	1.1%	0.9%	1.4%	1.4%	1.6%	1.1%
	NCO ratio	0.9%	1.5%	2.0%	3.2%	3.6%	1.6%
HE loans	Loans (% of total)	3%	2%	2%	1%	2%	10%
	NPA + 90+ ratio	2.1%	1.6%	2.5%	1.7%	2.3%	2.1%
	NCO ratio	1.1%	1.5%	2.4%	1.9%	3.1%	1.8%
HELOCs	Loans (% of total)	40%	22%	16%	5%	8%	90%
	NPA + 90+ ratio	1.0%	0.8%	1.2%	1.3%	1.5%	1.0%
	NCO ratio	0.9%	1.5%	2.0%	3.5%	3.7%	1.6%
Total	Loans (% of total)	43%	24%	18%	6%	9%	100%
	NPA + 90+ ratio	1.1%	0.9%	1.4%	1.4%	1.6%	1.1%
	NCO ratio	0.9%	1.5%	2.0%	3.2%	3.6%	1.6%
< 660#	Loans (% of total)	1%	1%	1%	<1%	1%	3%
	NPA + 90+ ratio	4.3%	3.4%	2.6%	3.2%	4.6%	3.7%
	NCO ratio	2.9%	4.5%	4.1%	5.6%	9.6%	4.7%
660-689	Loans (% of total)	2%	2%	1%	1%	1%	7%
	NPA + 90+ ratio	1.8%	1.9%	3.1%	1.5%	1.7%	2.1%
	NCO ratio	1.7%	3.0%	3.6%	2.5%	4.5%	2.9%
690-719	Loans (% of total)	3%	3%	2%	1%	2%	12%
	NPA + 90+ ratio	1.3%	1.8%	2.0%	1.8%	1.6%	1.7%
	NCO ratio	1.1%	4.2%	2.4%	5.6%	5.2%	3.2%
720-749	Loans (% of total)	5%	4%	3%	1%	2%	16%
	NPA + 90+ ratio	1.0%	1.1%	1.6%	1.0%	1.4%	1.2%
	NCO ratio	0.7%	1.3%	3.0%	3.5%	2.4%	1.8%
750+	Loans (% of total)	21%	14%	10%	3%	4%	52%
	NPA + 90+ ratio	0.4%	0.4%	0.8%	1.2%	1.3%	0.6%
	NCO ratio	0.4%	0.7%	1.1%	2.2%	2.4%	0.8%
Other^	Loans (% of total)	11%	<1%	<1%	<1%	<1%	11%
	NPA + 90+ ratio	1.9%	1.4%	1.5%	3.1%	0.3%	1.9%
	NCO ratio	1.7%	0.0%	4.9%	2.9%	0.0%	1.7%
Total	Loans (% of total)	43%	24%	18%	6%	9%	100%
	NPA + 90+ ratio	1.1%	0.9%	1.4%	1.4%	1.6%	1.1%
	NCO ratio	0.9%	1.5%	2.0%	3.2%	3.6%	1.6%

^# Includes relationship based and private lending

^ Includes acquired loans where FICOs at origination is not available

Note: Consumer net charge-off ratios are calculated using end of period loan balances

Note: Numbers may not tie due to rounding and minor differences between internal management and external reporting with respect to certain products

4

Total home equity ($11.3 billion)
Combined loan-to-value (origination)
		<=70%**	70.1-80%	80.1-90%	90.1-95%	95.1 +	Total
Florida	Loans (% of total)	5%	2%	1%	<1%	<1%	8%
	NPA + 90+ ratio	2.2%	2.4%	7.2%	7.7%	6.5%	3.2%
	NCO ratio	2.7%	4.0%	10.3%	13.9%	10.7%	4.6%
Michigan	Loans (% of total)	8%	5%	4%	2%	3%	21%
	NPA + 90+ ratio	1.0%	0.9%	1.3%	1.5%	2.4%	1.3%
	NCO ratio	1.1%	1.8%	3.0%	6.6%	5.2%	2.6%
Other	Loans (% of total)	26%	16%	13%	5%	11%	71%
	NPA + 90+ ratio	1.0%	1.0%	1.2%	1.3%	1.9%	1.2%
	NCO ratio	0.6%	1.3%	2.1%	2.9%	4.9%	1.9%
Total	Loans (% of total)	38%	22%	18%	7%	14%	100%
	NPA + 90+ ratio	1.1%	1.1%	1.5%	1.6%	2.1%	1.4%
	NCO ratio	1.0%	1.7%	2.7%	4.2%	5.1%	2.2%
1sts	Loans (% of total)	18%	7%	3%	1%	1%	30%
	NPA + 90+ ratio	0.7%	1.2%	1.8%	3.7%	3.0%	1.1%
	NCO ratio	0.5%	1.0%	1.2%	2.8%	2.3%	0.8%
2nds	Loans (% of total)	21%	15%	15%	7%	13%	70%
	NPA + 90+ ratio	1.5%	1.0%	1.4%	1.4%	2.0%	1.5%
	NCO ratio	1.3%	2.0%	3.0%	4.3%	5.4%	2.9%
Total	Loans (% of total)	38%	22%	18%	7%	14%	100%
	NPA + 90+ ratio	1.1%	1.1%	1.5%	1.6%	2.1%	1.4%
	NCO ratio	1.0%	1.7%	2.7%	4.2%	5.1%	2.2%
HE loans	Loans (% of total)	3%	2%	2%	1%	3%	12%
	NPA + 90+ ratio	2.1%	2.2%	2.5%	2.0%	2.8%	2.4%
	NCO ratio	1.1%	1.9%	3.6%	3.0%	5.2%	3.0%
HELOCs	Loans (% of total)	35%	20%	16%	6%	11%	88%
	NPA + 90+ ratio	1.0%	1.0%	1.3%	1.5%	1.9%	1.2%
	NCO ratio	0.9%	1.6%	2.5%	4.4%	5.1%	2.1%
Total	Loans (% of total)	38%	22%	18%	7%	14%	100%
	NPA + 90+ ratio	1.1%	1.1%	1.5%	1.6%	2.1%	1.4%
	NCO ratio	1.0%	1.7%	2.7%	4.2%	5.1%	2.2%
< 660#	Loans (% of total)	1%	1%	1%	<1%	1%	4%
	NPA + 90+ ratio	4.7%	4.2%	2.9%	3.3%	4.5%	4.0%
	NCO ratio	2.9%	5.0%	5.9%	6.6%	10.8%	5.8%
660-689	Loans (% of total)	2%	2%	2%	1%	2%	7%
	NPA + 90+ ratio	1.8%	2.1%	3.2%	2.5%	2.8%	2.5%
	NCO ratio	2.1%	3.9%	4.4%	7.1%	7.3%	4.7%
690-719	Loans (% of total)	3%	3%	3%	1%	3%	13%
	NPA + 90+ ratio	1.5%	2.2%	2.3%	2.1%	2.4%	2.1%
	NCO ratio	1.4%	4.1%	4.4%	5.3%	6.9%	4.3%
720-749	Loans (% of total)	4%	4%	4%	2%	3%	17%
	NPA + 90+ ratio	1.0%	1.3%	1.6%	1.2%	2.0%	1.4%
	NCO ratio	0.8%	1.4%	3.3%	4.5%	4.3%	2.5%
750+	Loans (% of total)	19%	13%	9%	3%	5%	50%
	NPA + 90+ ratio	0.4%	0.5%	0.8%	1.2%	1.5%	0.7%
	NCO ratio	0.4%	0.8%	1.3%	2.6%	3.2%	1.1%
Other^	Loans (% of total)	9%	<1%	<1%	<1%	<1%	9%
	NPA + 90+ ratio	2.0%	1.4%	1.4%	2.9%	0.2%	1.9%
	NCO ratio	1.7%	0.0%	4.7%	2.3%	-0.1%	1.7%
Total	Loans (% of total)	38%	22%	18%	7%	14%	100%
	NPA + 90+ ratio	1.1%	1.1%	1.5%	1.6%	2.1%	1.4%
	NCO ratio	1.0%	1.7%	2.7%	4.2%	5.1%	2.2%

^# Includes relationship based and private lending

^ Includes acquired loans where FICOs at origination is not available

Note: Consumer net charge-off ratios are calculated using end of period loan balances

Note: Numbers may not tie due to rounding and minor differences between internal management and external reporting with respect to certain products

5

Total residential mortgage ($9.0 billion)

FICO (origination)

		< 660#	660-689	690-719	720-750	750+	Other^	Total
Lots	Loans (% of total)	<1%	<1%	1%	1%	2%	2%	5%
	NPA + 90+ ratio	22.7%	16.5%	13.7%	7.1%	5.7%	15.5%	11.4%
	NCO ratio	17.4%	21.6%	22.6%	8.5%	8.9%	27.2%	17.4%
Residential construction	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	<1%	<1%
	NPA + 90+ ratio	0.0%	0.0%	0.0%	0.0%	0.0%	N/A	0.0%
	NCO ratio	0.0%	0.0%	0.0%	0.0%	0.0%	N/A	0.0%
Other non-owner occupied	Loans (% of total)	<1%	<1%	<1%	<1%	1%	3%	5%
	NPA + 90+ ratio	19.4%	23.3%	12.2%	11.5%	5.9%	13.9%	13.1%
	NCO ratio	12.7%	14.4%	10.3%	10.0%	4.1%	8.0%	8.2%
Owner occupied	Loans (% of total)	8%	6%	10%	13%	40%	13%	90%
	NPA + 90+ ratio	8.9%	7.2%	6.9%	4.6%	1.3%	7.8%	4.4%
	NCO ratio	3.6%	3.4%	2.5%	1.9%	0.7%	2.1%	1.7%
Total	Loans (% of total)	9%	7%	11%	14%	42%	18%	100%
	NPA + 90+ ratio	9.4%	8.2%	7.4%	4.9%	1.5%	9.4%	5.1%
	NCO ratio	4.1%	4.7%	3.8%	2.5%	1.0%	5.3%	2.8%

Total residential mortgage ($9.0 billion)

Loan-to-value (origination)

		<=70%	70.1-80%	80.1-90%	90.1-95%	95.1 +	Total
Lots	Loans (% of total)	1%	1%	1%	<1%	2%	5%
	NPA + 90+ ratio	12.9%	14.0%	12.4%	7.4%	8.6%	11.4%
	NCO ratio	22.6%	20.8%	14.1%	11.6%	15.9%	17.4%
Residential construction	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	<1%
	NPA + 90+ ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
	NCO ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Other non-owner occupied	Loans (% of total)	1%	2%	1%	<1%	<1%	5%
	NPA + 90+ ratio	7.8%	13.7%	17.0%	16.9%	13.0%	13.1%
	NCO ratio	4.4%	9.8%	9.3%	0.4%	9.0%	8.2%
Owner occupied	Loans (% of total)	30%	36%	7%	4%	13%	90%
	NPA + 90+ ratio	3.4%	4.2%	7.6%	7.9%	4.6%	4.4%
	NCO ratio	0.7%	1.6%	3.6%	3.5%	2.9%	1.7%
Total	Loans (% of total)	32%	40%	9%	5%	15%	100%
	NPA + 90+ ratio	3.7%	5.1%	9.1%	8.2%	5.2%	5.1%
	NCO ratio	1.2%	2.7%	5.6%	3.8%	4.6%	2.8%

Total residential mortgage ($9.0 billion)

		Florida	Michigan	Other	Total
Lots	Loans (% of total)	2%	<1%	2%	5%
	NPA + 90+ ratio	16.3%	4.1%	8.2%	11.4%
	NCO ratio	27.5%	9.2%	9.7%	17.4%
Residential	Loans (% of total)	<1%	<1%	<1%	<1%
	NPA + 90+ ratio	0.0%	0.0%	0.0%	0.0%
	NCO ratio	0.0%	0.0%	0.0%	0.0%
Other non-owner occupied	Loans (% of total)	2%	<1%	2%	5%
	NPA + 90+ ratio	17.4%	12.3%	7.6%	13.1%
	NCO ratio	11.4%	7.6%	4.3%	8.2%
Owner occupied	Loans (% of total)	16%	14%	60%	90%
	NPA + 90+ ratio	9.4%	4.2%	3.1%	4.4%
	NCO ratio	3.0%	3.0%	1.1%	1.7%
Total	Loans (% of total)	21%	15%	65%	100%
	NPA + 90+ ratio	11.1%	4.3%	3.4%	5.1%
	NCO ratio	6.6%	3.3%	1.5%	2.8%

# Loans with FICO < 660 include CRA and FHA/VA loans as well as relationship based and private lending

^ Includes acquired loans where FICOs at origination is not available

Note: Consumer net charge-off ratios are calculated using end of period loan balances

Note: Numbers may not tie due to rounding and minor differences between internal management and external reporting with respect to certain products

6

Total auto ($10.7 billion)
FICO (origination)
		< 660	660-689	690-719	720-750	750+	Other^	Total
Auto/Van	Loans (% of total)	<1%	2%	7%	9%	22%	<1%	41%
	NPA + 90+ ratio	1.0%	0.8%	0.5%	0.3%	0.1%	0.4%	0.3%
	NCO ratio	1.9%	1.8%	1.3%	0.8%	0.3%	1.4%	0.7%
Small/Med SUV and	Loans (% of total)	<1%	2%	5%	7%	17%	<1%	31%
Compact Pickup	NPA + 90+ ratio	1.1%	0.7%	0.4%	0.2%	0.1%	0.1%	0.2%
	NCO ratio	0.1%	1.3%	1.1%	0.6%	0.1%	0.1%	0.4%
Large SUV/Full Size Pickup	Loans (% of total)	<1%	1%	4%	5%	11%	1%	22%
	NPA + 90+ ratio	0.7%	0.9%	0.5%	0.3%	0.1%	0.2%	0.3%
	NCO ratio	0.5%	0.8%	0.9%	0.6%	0.3%	0.3%	0.5%
Other	Loans (% of total)	<1%	<1%	1%	1%	3%	<1%	5%
	NPA + 90+ ratio	1.3%	0.8%	0.9%	0.5%	0.6%	2.9%	0.8%
	NCO ratio	4.4%	5.3%	3.4%	1.7%	2.1%	3.4%	2.6%
Total	Loans (% of total)	1%	6%	17%	22%	52%	1%	100%
	NPA + 90+ ratio	1.0%	0.8%	0.5%	0.3%	0.1%	0.8%	0.3%
	NCO ratio	1.7%	1.7%	1.2%	0.7%	0.3%	1.1%	0.7%
New	Loans (% of total)	<1%	2%	7%	10%	27%	1%	48%
	NPA + 90+ ratio	1.1%	0.7%	0.5%	0.2%	0.1%	0.4%	0.2%
	NCO ratio	1.9%	1.2%	1.1%	0.6%	0.2%	0.5%	0.5%
Used	Loans (% of total)	1%	3%	10%	12%	25%	1%	52%
	NPA + 90+ ratio	1.0%	0.8%	0.5%	0.3%	0.1%	1.4%	0.3%
	NCO ratio	1.6%	2.0%	1.4%	0.8%	0.5%	1.9%	0.8%
Total	Loans (% of total)	1%	6%	17%	22%	52%	1%	100%
	NPA + 90+ ratio	1.0%	0.8%	0.5%	0.3%	0.1%	0.8%	0.3%
	NCO ratio	1.7%	1.7%	1.2%	0.7%	0.3%	1.1%	0.7%
<=100% advance rate	Loans (% of total)	1%	4%	9%	12%	35%	1%	61%
	NPA + 90+ ratio	1.0%	0.6%	0.3%	0.2%	0.1%	0.8%	0.2%
	NCO ratio	1.4%	1.2%	0.6%	0.4%	0.2%	1.0%	0.4%
>100% advance rate	Loans (% of total)	<1%	2%	8%	10%	18%	<1%	39%
	NPA + 90+ ratio	1.0%	1.2%	0.7%	0.4%	0.2%	0.6%	0.4%
	NCO ratio	2.3%	2.6%	2.0%	1.1%	0.7%	1.8%	1.2%
Total	Loans (% of total)	1%	6%	17%	22%	52%	1%	100%
	NPA + 90+ ratio	1.0%	0.8%	0.5%	0.3%	0.1%	0.8%	0.3%
	NCO ratio	1.7%	1.7%	1.2%	0.7%	0.3%	1.1%	0.7%
<=60 month term	Loans (% of total)	<1%	1%	3%	5%	18%	1%	29%
	NPA + 90+ ratio	1.1%	0.5%	0.2%	0.2%	0.0%	0.3%	0.1%
	NCO ratio	1.1%	0.8%	0.7%	0.2%	0.1%	0.2%	0.2%
>60 month term	Loans (% of total)	1%	5%	14%	17%	34%	1%	71%
	NPA + 90+ ratio	1.0%	0.9%	0.6%	0.3%	0.2%	1.3%	0.4%
	NCO ratio	2.0%	1.9%	1.4%	0.9%	0.5%	2.0%	0.9%
Total	Loans (% of total)	1%	6%	17%	22%	52%	1%	100%
	NPA + 90+ ratio	1.0%	0.8%	0.5%	0.3%	0.1%	0.8%	0.3%
	NCO ratio	1.7%	1.7%	1.2%	0.7%	0.3%	1.1%	0.7%

^ Includes acquired loans where FICOs at origination is not available

Note: Consumer net charge-off ratios are calculated using end of period loan balances

Note: Numbers may not tie due to rounding and minor differences between internal management and external reporting with respect to certain products

7

		Consumer loans by vintage
		Mortgage				Home equity
		Lot	Resi constr	Other non- owner  occ’d	Owner occ’d	Brokered	Direct	Auto	Card	Other	Total
2010	Loans (% of total, by loan type)	1%	41%	5%	30%	0%	4%	43%	12%	13%	23%
	NPA + 90+ ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.6%	0.0%	0.1%
	NCO ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	1.1%	0.6%	0.1%
2009	Loans (% of total, by loan type)	<1%	33%	1%	7%	0%	5%	22%	14%	8%	11%
	NPA + 90+ ratio	3.0%	0.0%	4.9%	0.3%	0.0%	0.0%	0.2%	3.3%	0.5%	0.4%
	NCO ratio	0.0%	0.0%	5.7%	0.4%	0.0%	0.2%	2.6%	26.7%	17.4%	3.8%
2008	Loans (% of total, by loan type)	2%	7%	3%	10%	1%	13%	14%	14%	40%	12%
	NPA + 90+ ratio	11.5%	0.0%	20.7%	5.9%	0.0%	0.4%	0.5%	6.8%	0.1%	2.0%
	NCO ratio	7.2%	0.0%	15.1%	2.7%	-0.3%	0.9%	1.2%	9.3%	0.8%	2.0%
2007	Loans (% of total, by loan type)	14%	8%	8%	11%	14%	11%	11%	24%	19%	12%
	NPA + 90+ ratio	10.2%	0.0%	16.2%	8.9%	2.4%	1.5%	0.6%	6.5%	0.3%	3.7%
	NCO ratio	14.4%	0.0%	26.7%	3.4%	5.7%	2.0%	1.3%	8.5%	6.6%	3.5%
2006	Loans (% of total, by loan type)	35%	6%	16%	9%	31%	13%	5%	10%	8%	10%
	NPA + 90+ ratio	11.5%	0.0%	20.4%	11.1%	3.1%	1.8%	0.7%	6.9%	0.9%	4.8%
	NCO ratio	15.3%	0.0%	9.6%	3.9%	7.8%	3.5%	1.4%	7.6%	8.8%	4.8%
2005	Loans (% of total, by loan type)	38%	2%	33%	15%	26%	12%	2%	8%	4%	11%
	NPA + 90+ ratio	11.3%	0.0%	16.6%	6.5%	2.4%	1.5%	0.8%	5.8%	1.6%	4.5%
	NCO ratio	20.8%	0.0%	8.8%	2.1%	5.8%	2.7%	1.4%	8.0%	28.7%	4.2%
2004 & prior	Loans (% of total, by loan type)	10%	3%	35%	17%	28%	43%	2%	19%	8%	20%
	NPA + 90+ ratio	14.0%	0.0%	7.1%	4.6%	2.3%	1.2%	1.2%	5.8%	0.4%	2.4%
	NCO ratio	20.3%	0.0%	3.5%	2.2%	3.8%	1.2%	3.0%	7.1%	3.7%	2.1%
Total	Loans (% of total, by loan type)	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%
	NPA + 90+ ratio	11.4%	0.0%	13.1%	4.4%	2.5%	1.1%	0.3%	5.3%	0.3%	2.2%
	NCO ratio	17.4%	0.0%	8.2%	1.7%	5.8%	1.6%	1.1%	9.8%	5.1%	2.5%

Note: Consumer net charge-off ratios are calculated using end of period loan balances

Note: Numbers may not tie due to rounding and minor differences between internal management and external reporting with respect to certain products

8

Fourth Quarter 2010 Portfolio Loan and Lease Stratifications

Commercial

9

Total commercial loans ($43.5 billion)
		Florida			Michigan			Other			Total
Other non-owner occupied RE	Loans (% of total)		2	%		4	%		10	%		16	%
	NPA ratio		24.3	%		7.5	%		7.7	%		9.8	%
	NCO ratio		5.0	%		6.3	%		2.5	%		3.8	%
Owner-occupied RE	Loans (% of total)		2	%		3	%		9	%		13	%
	NPA ratio		6.9	%		5.3	%		3.3	%		4.2	%
	NCO ratio		1.7	%		2.3	%		1.0	%		1.4	%
C&I	Loans (% of total)		4	%		8	%		50	%		63	%
	NPA ratio		3.1	%		3.5	%		2.4	%		2.6	%
	NCO ratio		1.6	%		2.5	%		1.0	%		1.3	%
Commercial lease	Loans (% of total)		<1	%		<1	%		7	%		8	%
	NPA ratio		0.0	%		2.9	%		0.7	%		0.8	%
	NCO ratio		0.0	%		NM			NM			NM
Other	Loans (% of total)		<1	%		<1	%		<1	%		<1	%
	NPA ratio		0.0	%		0.0	%		0.0	%		0.0	%
	NCO ratio		0.0	%		0.0	%		0.0	%		0.0	%
Total	Loans (% of total)		8	%		16	%		76	%		100	%
	NPA ratio		9.4	%		4.8	%		3.0	%		3.8	%
	NCO ratio		2.5	%		3.3	%		1.1	%		1.6	%
C&I	Loans (% of total)		4	%		8	%		50	%		63	%
	NPA ratio		3.1	%		3.5	%		2.4	%		2.6	%
	NCO ratio		1.6	%		2.5	%		1.0	%		1.3	%
Commercial mortgage	Loans (% of total)		3	%		6	%		16	%		25	%
	NPA ratio		13.3	%		6.1	%		5.0	%		6.3	%
	NCO ratio		3.9	%		4.5	%		1.9	%		2.9	%
Commercial construction	Loans (% of total)		1	%		1	%		3	%		5	%
	NPA ratio		28.7	%		11.4	%		8.7	%		12.7	%
	NCO ratio		2.2	%		4.7	%		1.3	%		1.9	%
Commercial lease	Loans (% of total)		<1	%		<1	%		7	%		8	%
	NPA ratio		0.0	%		2.9	%		0.7	%		0.8	%
	NCO ratio		0.0	%		NM			NM			NM
Other	Loans (% of total)		<1	%		<1	%		<1	%		<1	%
	NPA ratio		0.0	%		0.0	%		0.0	%		0.0	%
	NCO ratio		0.0	%		0.0	%		0.0	%		0.0	%
Total	Loans (% of total)		8	%		16	%		76	%		100	%
	NPA ratio		9.4	%		4.8	%		3.0	%		3.8	%
	NCO ratio		2.5	%		3.3	%		1.1	%		1.6	%
Homebuilders / developers	Loans (% of total)		<1	%		<1	%		1	%		2	%
(included in #’s above)	NPA ratio		101.8	%		23.4	%		26.8	%		37.1	%
	NCO ratio		17.5	%		16.5	%		5.9	%		10.1	%

NPAs exclude loans held-for-sale

NPA ratio calculated as nonperforming assets/end-of-period loans

Note: Percentages may not sum due to rounding

10

Total commercial loans ($43.5 billion)
		C&I	Commercial mortgage	Commercial construction	Other	Total
Other non-owner occupied RE	Loans (% of total)	<1%	13%	4%	<1%	16%
	NPA ratio	0.0%	8.5%	14.5%	0.0%	9.8%
	NCO ratio	0.0%	4.3%	1.9%	0.0%	3.8%
Owner-occupied RE	Loans (% of total)	<1%	12%	1%	<1%	13%
	NPA ratio	0.0%	4.0%	6.9%	0.0%	4.2%
	NCO ratio	0.0%	1.3%	2.3%	0.0%	1.4%
C&I	Loans (% of total)	63%	<1%	<1%	<1%	63%
	NPA ratio	2.6%	0.0%	0.0%	0.0%	2.6%
	NCO ratio	1.3%	0.0%	0.0%	0.0%	1.3%
Commercial lease	Loans (% of total)	<1%	<1%	<1%	8%	8%
	NPA ratio	0.0%	0.0%	0.0%	0.8%	0.8%
	NCO ratio	0.0%	0.0%	0.0%	0.4%	NM
Other	Loans (% of total)	<1%	<1%	<1%	<1%	<1%
	NPA ratio	0.0%	0.0%	0.0%	0.0%	0.0%
	NCO ratio	0.0%	0.0%	0.0%	0.0%	0.0%
Total	Loans (% of total)	63%	25%	5%	8%	100%
	NPA ratio	2.6%	6.3%	12.7%	0.8%	3.8%
	NCO ratio	1.3%	2.9%	1.9%	NM	1.6%
Homebuilders / developers (included in #’s above)	Loans (% of total)	<1%	1%	<1%	<1%	2%
	NPA ratio	8.6%	43.4%	44.8%	0.0%	37.1%
	NCO ratio	5.8%	10.0%	13.3%	0.0%	10.1%

NPAs exclude loans held-for-sale

NPA ratio calculated as nonperforming assets/end-of-period loans

Note: Percentages may not sum due to rounding

11

Total commercial loans ($43.5 billion)
		Residential raw land	Residential developed land	Residential vertical land	Commercial raw land	Commercial developed land	Other	Total
Other non-owner occupied RE	Loans (% of total)	1%	<1%	1%	<1%	1%	13%	16%
	NPA ratio	44.0%	53.0%	22.1%	19.6%	17.1%	4.8%	9.8%
	NCO ratio	8.9%	12.7%	5.7%	4.4%	6.4%	2.8%	3.8%
Owner-occupied RE	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	13%	13%
	NPA ratio	0.0%	37.7%	6.2%	0.0%	1.9%	4.1%	4.2%
	NCO ratio	0.0%	58.8%	5.2%	0.0%	0.0%	1.3%	1.4%
C&I	Loans (% of total)	<1%	<1%	1%	<1%	<1%	62%	63%
	NPA ratio	3.9%	8.4%	10.0%	7.5%	14.2%	2.5%	2.6%
	NCO ratio	1.7%	0.1%	3.5%	6.2%	NM	1.2%	1.3%
Commercial lease	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	8%	8%
	NPA ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.8%	0.8%
	NCO ratio	0.0%	0.0%	0.0%	0.0%	0.0%	NM	NM
Other	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	<1%	<1%
	NPA ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
	NCO ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Total	Loans (% of total)	1%	<1%	2%	1%	1%	95%	100%
	NPA ratio	38.8%	49.0%	16.7%	15.0%	15.7%	2.9%	3.8%
	NCO ratio	7.8%	13.1%	5.0%	5.0%	5.5%	1.3%	1.6%
Florida	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	7%	8%
	NPA ratio	87.5%	151.1%	32.4%	8.7%	25.9%	5.3%	9.4%
	NCO ratio	4.3%	25.0%	4.6%	1.6%	17.0%	1.5%	2.5%
Michigan	Loans (% of total)	<1%	<1%	<1%	<1%	<1%	15%	16%
	NPA ratio	42.1%	9.6%	13.4%	23.0%	11.3%	4.1%	4.8%
	NCO ratio	25.6%	8.5%	3.7%	3.3%	0.8%	3.1%	3.3%
Other	Loans (% of total)	<1%	<1%	1%	<1%	1%	73%	73%
	NPA ratio	25.8%	34.3%	15.1%	15.7%	11.3%	2.4%	3.0%
	NCO ratio	3.4%	9.9%	5.4%	6.6%	0.5%	0.9%	1.1%
Total	Loans (% of total)	1%	<1%	2%	1%	1%	95%	100%
	NPA ratio	38.8%	49.0%	16.7%	15.0%	15.7%	2.9%	3.8%
	NCO ratio	7.8%	13.1%	5.0%	5.0%	5.5%	1.3%	1.6%
Homebuilders / developers	Loans (% of total)	1%	<1%	<1%	<1%	<1%	<1%	2%
(included in #’s above)	NPA ratio	38.8%	49.0%	27.7%	0.0%	0.0%	6.7%	37.1%
	NCO ratio	8.1%	15.2%	5.9%	0.0%	0.0%	8.6%	10.1%

NPAs exclude loans held-for-sale

NPA ratio calculated as nonperforming assets/end-of-period loans

Note: Percentages may not sum due to rounding

12

Total commercial loans ($43.5 billion)
		C&I	Commercial mortgage	Commercial construction	Other	Total
Accommodation	Loans (% of total)	1%	1%	<1%	<1%	2%
	NPA ratio	2.3%	4.1%	13.0%	0.0%	3.2%
	NCO ratio	0.7%	2.3%	NM	0.0%	1.3%
Auto manufacturing	Loans (% of total)	1%	<1%	<1%	<1%	1%
	NPA ratio	0.0%	0.7%	0.0%	0.0%	0.1%
	NCO ratio	NM	0.0%	0.0%	0.0%	NM
Construction	Loans (% of total)	3%	2%	1%	<1%	6%
	NPA ratio	4.3%	17.4%	24.1%	0.2%	12.4%
	NCO ratio	2.4%	6.0%	5.7%	1.8%	4.3%
Finance & insurance	Loans (% of total)	8%	<1%	<1%	<1%	9%
	NPA ratio	4.2%	2.8%	0.0%	4.9%	4.2%
	NCO ratio	0.8%	0.7%	0.0%	0.0%	0.8%
Manufacturing	Loans (% of total)	14%	1%	<1%	1%	16%
	NPA ratio	2.4%	2.3%	0.0%	0.9%	2.2%
	NCO ratio	1.6%	0.3%	0.0%	0.1%	1.4%
Real estate	Loans (% of total)	4%	12%	3%	1%	19%
	NPA ratio	5.3%	6.8%	10.7%	0.3%	6.8%
	NCO ratio	3.1%	3.9%	2.0%	0.0%	3.4%
Retail trade	Loans (% of total)	2%	1%	<1%	<1%	4%
	NPA ratio	2.0%	4.8%	2.9%	0.0%	2.7%
	NCO ratio	0.5%	0.8%	0.0%	0.0%	0.6%
Auto retailers	Loans (% of total)	2%	<1%	<1%	<1%	2%
	NPA ratio	1.0%	5.0%	8.5%	0.0%	1.9%
	NCO ratio	0.7%	1.4%	0.0%	0.0%	0.8%
Wholesale trade	Loans (% of total)	6%	1%	<1%	<1%	7%
	NPA ratio	0.4%	3.5%	3.4%	0.1%	0.7%
	NCO ratio	0.0%	0.0%	0.0%	0.0%	0.0%
Other	Loans (% of total)	23%	6%	1%	5%	35%
	NPA ratio	2.1%	3.0%	2.0%	0.8%	2.1%
	NCO ratio	1.2%	1.0%	NM	NM	0.8%
Total	Loans (% of total)	63%	25%	5%	8%	100%
	NPA ratio	2.6%	6.3%	12.7%	0.8%	3.8%
	NCO ratio	1.3%	2.9%	1.9%	NM	1.6%

NPAs exclude loans held-for-sale

NPA ratio calculated as nonperforming assets/end-of-period loans

Note: Percentages may not sum due to rounding

13

Total commercial loans ($43.5 billion)
		Florida	Michigan	Other	Total
Accommodation	Loans (% of total)	<1%	<1%	1%	2%
	NPA ratio	1.0%	8.7%	2.2%	3.2%
	NCO ratio	0.0%	2.2%	1.4%	1.3%
Auto manufacturing	Loans (% of total)	<1%	<1%	<1%	1%
	NPA ratio	0.0%	0.1%	0.1%	0.1%
	NCO ratio	0.0%	0.0%	NM	NM
Construction	Loans (% of total)	1%	1%	5%	6%
	NPA ratio	26.6%	8.7%	11.2%	12.4%
	NCO ratio	5.5%	5.3%	3.9%	4.3%
Finance & insurance	Loans (% of total)	<1%	1%	8%	9%
	NPA ratio	2.2%	3.5%	4.3%	4.2%
	NCO ratio	0.3%	3.7%	0.4%	0.8%
Manufacturing	Loans (% of total)	<1%	2%	13%	16%
	NPA ratio	1.2%	2.1%	2.3%	2.2%
	NCO ratio	12.9%	1.5%	1.0%	1.4%
Real estate	Loans (% of total)	2%	5%	12%	19%
	NPA ratio	23.8%	7.1%	3.8%	6.8%
	NCO ratio	7.8%	5.7%	1.7%	3.4%
Retail trade	Loans (% of total)	<1%	1%	3%	4%
	NPA ratio	5.7%	8.5%	0.9%	2.7%
	NCO ratio	2.0%	1.3%	0.2%	0.6%
Auto retailers	Loans (% of total)	<1%	<1%	2%	2%
	NPA ratio	2.1%	2.3%	1.7%	1.9%
	NCO ratio	NM	1.6%	0.8%	0.8%
Wholesale trade	Loans (% of total)	1%	1%	5%	7%
	NPA ratio	0.0%	1.6%	0.7%	0.7%
	NCO ratio	0.1%	NM	0.0%	0.0%
Other	Loans (% of total)	3%	4%	27%	35%
	NPA ratio	1.6%	3.2%	2.0%	2.1%
	NCO ratio	NM	2.4%	0.9%	0.8%
Total	Loans (% of total)	8%	16%	76%	100%
	NPA ratio	9.4%	4.8%	3.0%	3.8%
	NCO ratio	2.5%	3.3%	1.1%	1.6%

NPAs exclude loans held-for-sale

NPA ratio calculated as nonperforming assets/end-of-period loans

Note: Percentages may not sum due to rounding

14

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. 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, including the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act; (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.

15