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): April 21, 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 April 21, 2011, Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the first quarter of 2011. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.3, 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 April 21, 2011, Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the first quarter of 2011. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.3, 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. Copy of this item is attached as Exhibit 99.2. 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 April 21, 2011

Exhibit 99.2 – First Quarter Earnings Conference Call

Exhibit 99.3 – Quarterly Financial Supplement

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)
April 21, 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) (513) 534-8424 Rich Rosen, CFA (Investors) (513) 534-3307 Debra DeCourcy, APR (Media) (513) 579-4153	FOR IMMEDIATE RELEASE         April 21, 2011

FIFTH THIRD BANCORP ANNOUNCES FIRST QUARTER 2011 NET INCOME OF $265 MILLION

• 1Q11 earnings per diluted common share of $0.10 including effect of the accelerated TARP discount accretion, $0.27 per share excluding it; earnings per diluted share of $0.33 in 4Q10 and net loss per diluted share of $0.09 in 1Q10

• 1Q11 net income of $265 million compared with 4Q10 net income of $333 million and 1Q10 net loss of $10 million; 1Q11 return on assets of 1.0%

• 1Q11 net income available to common shareholders of $88 million compared with $270 million in 4Q10 and a net loss of $72 million in 1Q10

- 1Q11 net income available to common shareholders reduced by $153 million of discount accretion recorded in preferred dividends accelerated by the February repurchase of $3.408 billion in TARP CPP Preferred Stock;

• February 2011 repurchase of $3.408 billion of TARP CPP Preferred Stock and the March 2011 repurchase of the associated warrant followed completion of successful stock and debt offerings in which the company raised more than $2.7 billion

- Taxpayers’ returns included more than $350 million in cash dividends and $280 million on the warrant

• Pre-provision net revenue (PPNR)* of $545 million

- Net interest income of $884 million, down 4 percent sequentially driven by lower day count, mortgage warehouse balances, the prior refinancing of the FTPS, LLC loan and the effect of the debt issuance; net interest margin of 3.71 percent, down 4 bps sequentially

- Noninterest income of $584 million, down 11 percent sequentially driven primarily by lower mortgage-related revenue

- Noninterest expense of $918 million, down 7 percent sequentially

• Credit trends remain favorable

- 1Q11 net charge-offs of $367 million (1.92 percent of loans and leases) vs. 4Q10 NCOs of $356 million and 1Q10 NCOs of $582 million; one credit represented $22 million of 1Q11 NCOs

- Total nonperforming assets of $2.3 billion including held-for-sale declined $126 million or 5 percent sequentially to lowest level since 2Q08; nonperforming assets excluding held-for-sale of $2.1 billion declined $48 million or 2 percent

- NPA ratio of 2.73 percent down 6 bps from 4Q10, NPL ratio of 2.11 percent down 4 bps from 4Q10; NPL inflows down approximately 12 percent

- Total delinquencies (includes loans and leases 30-89 days past due and 90 days past due) declined 12 percent sequentially to lowest level since 2006

- Allowance to loan ratio of 3.62 percent, 132 percent of nonperforming assets, 170 percent of nonperforming loans and leases, and 1.9 times annualized 1Q11 net charge-offs

• Strong capital ratios; exceed fully phased-in Basel III proposed standards

- Tier 1 common ratio 9.00 percent, up 150 bps sequentially; Tier 1 ratio 12.21 percent, down 173 bps; Total capital ratio 16.29 percent, down 185 bps

- Tangible common equity ratio of 8.39 percent excluding unrealized gains/losses; 8.61 percent including unrealized gains/losses

• Book value per share of $12.80; tangible book value per share of $10.11

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

Fifth Third Bancorp (Nasdaq: FITB) today reported first quarter 2011 net income of $265 million, compared with net income of $333 million in the fourth quarter of 2010 and a net loss of $10 million in the first quarter of 2010. After preferred dividends, first quarter 2011 net income available to common shareholders was $88 million or $0.10 per diluted share, compared with fourth quarter net income of $270 million or $0.33 per diluted share, and a net loss of $72 million or $0.09 per diluted share in the first quarter of 2010. In connection with the repayment of the $3.408 billion TARP investment during the quarter, accretion of the remaining issuance discount was accelerated and reduced net income available to common shareholders by $153 million, or $0.17 per diluted share. This discount accretion was recorded in the preferred dividend line.

First quarter 2010 results included $121 million after-tax in benefits related to the decision to surrender one of our bank-owned life insurance (BOLI) policies.

Earnings Highlights

				For the Three Months Ended												% Change
	March			December			September			June			March
	2011			2010			2010			2010			2010			Seq			Yr/Yr
Earnings ($ in millions)
Net income (loss) attributable to Bancorp	$	265		$	333		$	238		$	192		($	10	)		(20	%)		NM
Net income (loss) available to common shareholders	$	88		$	270		$	175		$	130		($	72	)		(67	%)		NM
Common Share Data
Earnings per share, basic		0.10			0.34			0.22			0.16			(0.09	)		(71	%)		NM
Earnings per share, diluted		0.10			0.33			0.22			0.16			(0.09	)		(70	%)		NM
Cash dividends per common share		0.06			0.01			0.01			0.01			0.01			500	%		500	%
Financial Ratios
Return on average assets		0.97	%		1.18	%		0.84	%		0.68	%		(.04	%)		(18	%)		NM
Return on average common equity		3.1			10.4			6.8			5.2			(3.0	)		(70	%)		NM
Tier I capital		12.21			13.94			13.85			13.65			13.39			(12	%)		(9	%)
Tier I common equity		9.00			7.50			7.34			7.17			6.96			20	%		29	%
Net interest margin (a)		3.71			3.75			3.70			3.57			3.63			(1	%)		2	%
Efficiency (a)		62.5			62.6			56.2			62.1			62.5			—			—
Common shares outstanding (in thousands)		918,728			796,273			796,283			796,320			794,816			15	%		16	%
Average common shares outstanding (in thousands):
Basic		880,830			791,072			791,017			790,839			790,473			11	%		11	%
Diluted		894,841			836,225			797,492			802,255			790,473			7	%		13	%

(a) Presented on a fully taxable equivalent basis

NM: Not Meaningful

“The first quarter was a significant one for Fifth Third,” said Kevin T. Kabat, president and CEO of Fifth Third Bancorp. “We redeemed the preferred stock investment purchased by the U.S. Treasury under the TARP program, as well as the associated warrant. Fifth Third never issued debt guaranteed by the TLGP program and we have thus completely exited all crisis-era government programs. In March, our Board of Directors approved a $0.05 increase in our quarterly common stock dividend to $0.06 per share. We expect that dividend to grow as earnings increase. Our capital position is robust, and all capital ratios exceed proposed Basel III capital standards as if those standards were phased-in today.

2

First quarter results reflect broader trends within the economy, which remain sluggish although continuing to slowly recover. Average portfolio loans increased 2 percent sequentially but were flat on a period end basis, as demand remains below par for this stage of the recovery and low rates have increased borrower refinancings in the capital markets. Deposit growth continued to be strong, including transaction deposit growth of 3 percent sequentially. Net interest income results were not as strong as expected. In addition to a lower day count and the effect of debt issued as part of the repayment of TARP, loan growth was lower than anticipated and yields on new loan originations declined as credit spreads narrowed given robust capital markets conditions. We currently expect stronger net interest income results in the second quarter and second half of the year. As expected, fee income also declined due to lower mortgage-related revenue as long-term rates have reduced refinancing activity. Offsetting those trends were lower operating expenses, due to lower mortgage origination expense, and lower credit-related costs. Credit trends overall remain favorable and we expect further improvement in coming quarters in this area as well.”

Income Statement Highlights

			For the Three Months Ended									% Change
	March		December		September		June		March
	2011		2010		2010		2010		2010			Seq			Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	884	$	919	$	916	$	887	$	901			(4	%)		(2	%)
Provision for loan and lease losses		168		166		457		325		590			1	%		(72	%)
Total noninterest income		584		656		827		620		627			(11	%)		(7	%)
Total noninterest expense		918		987		979		935		956			(7	%)		(4	%)
Income (loss) before income taxes (taxable equivalent)		382		422		307		247		(18	)		(9	%)		NM
Taxable equivalent adjustment		5		5		4		5		4			—			25	%
Applicable income taxes		112		83		65		50		(12	)		35	%		NM
Net Income (loss)		265		334		238		192		(10	)		(20	%)		NM
Less: Net Income (loss) attributable to noncontrolling interest		—		1		—		—		—			(100	%)		—
Net income (loss) attributable to Bancorp		265		333		238		192		(10	)		(20	%)		NM
Dividends on preferred stock		177		63		63		62		62			181	%		185	%
Net income (loss) available to common shareholders		88		270		175		130		(72	)		(67	%)		NM
Earnings per share, diluted	$	0.10	$	0.33	$	0.22	$	0.16	($	0.09	)		(70	%)		NM

NM: Not Meaningful

3

Net Interest Income

				For the Three Months Ended												% Change
	March			December			September			June			March
	2011			2010			2010			2010			2010			Seq			Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,065		$	1,109		$	1,130		$	1,121		$	1,147			(4	%)		(7	%)
Total interest expense		181			190			214			234			246			(5	%)		(26	%)
Net interest income (taxable equivalent)	$	884		$	919		$	916		$	887		$	901			(4	%)		(2	%)
Average Yield
Yield on interest-earning assets		4.47	%		4.52	%		4.57	%		4.51	%		4.62	%		(1	%)		(3	%)
Yield on interest-bearing liabilities		1.02	%		1.04	%		1.13	%		1.23	%		1.29	%		(2	%)		(21	%)
Net interest rate spread (taxable equivalent)		3.45	%		3.48	%		3.44	%		3.28	%		3.33	%		(1	%)		4	%
Net interest margin (taxable equivalent)		3.71	%		3.75	%		3.70	%		3.57	%		3.63	%		(1	%)		2	%
Average Balances ($ in millions)
Loans and leases, including held for sale	$	79,379		$	79,148		$	78,854		$	78,807		$	80,136			—			(1	%)
Total securities and other short-term investments		17,290			18,066			19,309			20,891			20,559			(4	%)		(16	%)
Total interest-earning assets		96,669			97,214			98,163			99,698			100,695			(1	%)		(4	%)
Total interest-bearing liabilities		72,372			72,657			75,076			76,415			77,655			—			(7	%)
Bancorp shareholders’ equity		13,052			14,007			13,852			13,563			13,518			(7	%)		(3	%)

Net interest income of $884 million on a taxable equivalent basis decreased $35 million from the fourth quarter of 2010. The decline in net interest income reflected two fewer days during the quarter (approximately $12 million); the full-quarter effect of the refinancing of the FTPS, LLC loan (approximately $8 million); lower mortgage warehouse balances in loans held-for-sale (approximately $8 million); and the effect of the $1 billion fixed-rate debt issuance done in connection with our TARP repayment (approximately $7 million). Otherwise, net interest income was flat, with the benefit of higher average loan balances, lower interest reversals on nonperforming loans, and lower deposit costs offset by lower yields on new commercial and consumer loan originations and lower loan purchase accounting accretion. The net interest margin was 3.71 percent, a decrease of 4 bps from 3.75 percent in the previous quarter. The full quarter effect of the refinancing of the FTPS, LLC loan reduced the margin by approximately 3 bps and the debt issuance reduced the margin by 3 bps, partially offset by the lower day count which improved the margin by approximately 3 bps. Otherwise, the margin was relatively stable.

Compared with the first quarter of 2010, net interest income decreased $17 million and the net interest margin increased 8 bps. The decrease in net interest income was largely the result of lower average loan balances from a year ago, while the net interest margin improvement largely reflected deposit growth and shift in mix from higher cost term deposits to lower cost deposit products.

Securities

Average securities and other short-term investments were $17.3 billion in the first quarter of 2011, compared with $18.1 billion in the previous quarter and $20.6 billion in the first quarter of 2010. The primary driver of the sequential decline was a $500 million decrease in average short-term investments due to lower cash balances at the Fed. The year-over-year decline was due to our decision not to fully reinvest cash flows from the portfolio in 2010.

4

Loans

			For the Three Months Ended								% Change
	March		December		September		June		March
	2011		2010		2010		2010		2010		Seq			Yr/Yr
Average Portfolio Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	27,331	$	26,338	$	26,344	$	26,176	$	26,294		4	%		4	%
Commercial mortgage		10,685		10,985		11,375		11,659		11,708		(3	%)		(9	%)
Commercial construction		2,030		2,171		2,885		3,160		3,700		(6	%)		(45	%)
Commercial leases		3,364		3,314		3,257		3,336		3,467		2	%		(3	%)
Subtotal - commercial loans and leases		43,410		42,808		43,861		44,331		45,169		1	%		(4	%)
Consumer:
Residential mortgage loans		9,282		8,382		7,837		7,805		7,976		11	%		16	%
Home equity		11,376		11,655		11,897		12,102		12,338		(2	%)		(8	%)
Automobile loans		11,070		10,825		10,517		10,170		10,185		2	%		9	%
Credit card		1,852		1,844		1,838		1,859		1,940		—			(5	%)
Other consumer loans and leases		646		722		667		706		773		(11	%)		(16	%)
Subtotal - consumer loans and leases		34,226		33,428		32,756		32,642		33,212		2	%		3	%
Total average loans and leases (excluding held for sale)	$	77,636	$	76,236	$	76,617	$	76,973	$	78,381		2	%		(1	%)
Average loans held for sale		1,743		2,912		2,237		1,834		1,756		(40	%)		(1	%)

Average loan and lease balances (excluding loans held-for-sale) increased 2 percent sequentially and declined 1 percent from the first quarter of 2010. Period end loan and lease balances were flat sequentially, as first quarter originations were generally offset by payoffs and pay-downs experienced during the quarter.

Average commercial portfolio loan and lease balances increased 1 percent sequentially and declined 4 percent from the first quarter of 2010. Commercial and industrial (C&I) average loans increased 4 percent sequentially, due to the effect of strong levels of originations late in the fourth quarter of 2010 and modestly higher utilization rates in the first quarter. The full quarter effect of the fourth quarter refinancing of the $1.25 billion FTPS, LLC loan reduced first quarter average C&I loans by $277 million. Compared with the first quarter of 2010, C&I average loans increased 4 percent. Average commercial mortgage and commercial construction loan balances declined by a combined 3 percent sequentially and 17 percent from the same period the previous year, reflecting continued low customer demand and tighter underwriting standards. The year-over-year comparison was also affected by the transfer of $961 million 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 first quarter, increased slightly to 33.3 percent of committed lines versus 32.7 percent in the fourth quarter of 2010 and 32.6 percent in the first quarter 2010. Commercial portfolio period end loan balances were down $260 million, or 1 percent, driven by lower commercial mortgage and commercial construction loans as those portfolios continue to experience run-off, partially offset by higher C&I balances.

Average consumer portfolio loan and lease balances were up 2 percent sequentially and increased 3 percent from the first quarter 2010. Average residential mortgage loans increased 11 percent sequentially and 16 percent compared with the first quarter 2010. Residential mortgage average loan balances benefitted by $310 million sequentially from the continued retention of certain shorter-term fixed-rate residential mortgages, largely branch originated. Average auto loans increased 2 percent sequentially and 9 percent year-over-year as continued strong loan origination volumes more than offset higher pay downs. This growth was partially offset by lower home equity loan balances, which declined 2 percent sequentially and 8 percent year-over-year due to lower demand and production.

5

Average loans held-for-sale of $1.7 billion declined $1.2 billion from fourth quarter levels due primarily to lower mortgage loans in the held-for-sale warehouse. Loans held-for-sale were relatively flat compared with the first quarter of 2010.

Deposits

			For the Three Months Ended								% Change
	March		December		September		June		March
	2011		2010		2010		2010		2010		Seq			Yr/Yr
Average Deposits ($ in millions)
Demand deposits	$	21,582	$	21,066	$	19,362	$	19,406	$	18,822		2	%		15	%
Interest checking		18,539		17,578		17,142		18,652		19,533		5	%		(5	%)
Savings		21,324		20,602		19,905		19,446		18,469		4	%		15	%
Money market		5,136		4,985		4,940		4,679		4,622		3	%		11	%
Foreign office (a)		3,580		3,733		3,592		3,325		2,757		(4	%)		30	%
Subtotal - Transaction deposits		70,161		67,964		64,941		65,508		64,203		3	%		9	%
Other time		7,363		8,490		10,261		11,336		12,059		(13	%)		(39	%)
Subtotal - Core deposits		77,524		76,454		75,202		76,844		76,262		1	%		2	%
Certificates - $100,000 and over		4,226		4,858		6,096		6,354		7,049		(13	%)		(40	%)
Other		1		9		4		5		8		(85	%)		(84	%)
Total deposits		$81,751		$81,321		$81,302		$83,203		$83,319		1	%		(2	%)

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

Average core deposits increased 1 percent sequentially and 2 percent from the first quarter of 2010, with strong transaction deposit growth partially offset by continued runoff of consumer time deposits (CDs). Average transaction deposits, excluding consumer time deposits, increased 3 percent from the fourth quarter of 2010 and 9 percent year-over-year. Sequential growth was primarily driven by higher interest checking, savings, and demand deposit account (DDA) balances. Year-over-year performance was largely due to growth in savings and DDA balances.

Retail average transaction deposits increased 3 percent sequentially and 14 percent from the first quarter of 2010 and reflected growth across all transaction deposit account categories for each comparison period. Higher average DDA and interest checking account balances contributed to the improvement. Consumer CDs included in core deposits declined 13 percent sequentially and 39 percent year-over-year, driven by ongoing downward pricing adjustments, which continued to reflect our high levels of liquidity as well as customer reluctance to extend CD maturities given the current low rate environment.

Commercial average transaction deposits increased 3 percent sequentially and 2 percent from the previous year. Excluding public funds balances, commercial average transaction deposits increased 1 percent sequentially and 17 percent from the first quarter of 2010 driven by DDA and interest checking balances. Average public funds balances were $5.7 billion, up $574 million sequentially largely due to seasonally strong deposit balances, and down $2.5 billion from the first quarter of 2010 due to ongoing pricing adjustments which continue to reflect our excess liquidity position.

6

Noninterest Income

			For the Three Months Ended								% Change
	March		December		September		June		March
	2011		2010		2010		2010		2010		Seq			Yr/Yr
Noninterest Income ($ in millions)
Service charges on deposits	$	124	$	140	$	143	$	149	$	142		(11	%)		(12	%)
Corporate banking revenue		86		103		86		93		81		(17	%)		6	%
Mortgage banking net revenue		102		149		232		114		152		(31	%)		(33	%)
Investment advisory revenue		98		93		90		87		91		5	%		8	%
Card and processing revenue		80		81		77		84		73		(1	%)		10	%
Other noninterest income		81		55		195		85		74		48	%		8	%
Securities gains (losses), net		8		21		4		8		14		(62	%)		(43	%)
Securities gains, net - non-qualifying hedges on mortgage servicing rights		5		14		—		—		—		(60	%)		NM
Total noninterest income	$	584	$	656	$	827	$	620	$	627		(11	%)		(7	%)
NM: Not Meaningful

Noninterest income of $584 million decreased $72 million, or 11 percent, sequentially and decreased $43 million, or 7 percent compared with results a year ago. The sequential decline was driven by lower mortgage-related revenue, investment securities gains, and seasonally lower corporate banking revenue and deposit service charges, partially offset by lower credit-related costs recognized in other noninterest income. The year-over-year decline reflected lower mortgage-related revenue and deposit service charges due to the effect of the August implementation of Regulation E.

First quarter 2011 results included a $2 million negative valuation adjustment on warrants and puts related to the processing business sale, compared with $3 million in positive valuation adjustments on these instruments in the fourth quarter of 2010 and $2 million in negative valuation adjustments in the first quarter of 2010. First quarter 2011 results included a $9 million reduction in income due to the increase in fair value of the liability related to the total return swap entered into as part of the 2009 sale of Visa, Inc. Class B shares. This item reduced noninterest income in the fourth quarter of 2010 and first quarter of 2010 by $5 million and $9 million, respectively. Excluding these items, as well as investment securities gains in all periods, noninterest income decreased $40 million, or 6 percent, from the previous quarter driven by lower mortgage-related revenue, seasonal declines in corporate banking revenue and service charges on deposits, partially offset by lower credit-related costs recognized in other noninterest income. On a year-over-year basis, noninterest income excluding the items mentioned above decreased $37 million, or 6 percent, due to lower mortgage-related revenue and deposit service fees.

Service charges on deposits of $124 million decreased 11 percent sequentially and 12 percent compared with the same quarter last year. Retail service charges declined 16 percent from the previous quarter due primarily to seasonality and declined 26 percent compared with the first quarter of 2010, largely due to the implementation of new overdraft regulations and overdraft policies. Commercial service charges decreased 7 percent sequentially due to seasonality and were consistent with last year.

Corporate banking revenue of $86 million decreased 17 percent from seasonally strong fourth quarter results and increased 6 percent from the same period last year. Sequential results were driven by lower syndication fee revenue and business lending fees as well as lower letter of credit and foreign exchange revenue. On a year-over-year basis, higher revenue from syndication fees and interest rate derivative sales and foreign exchange more than offset lower institutional sales revenue and letters of credit fees.

7

Investment advisory revenue of $98 million increased 5 percent sequentially and 8 percent from the first quarter of 2010. The sequential growth was driven by higher tax-related private bank revenue, institutional trust revenue, and brokerage fees due to continued market value increases, as well as improved sales production resulting in strong net asset and account growth. On a year-over-year basis, improvement reflected an overall increase in equity and bond market values.

Card and processing revenue was $80 million in the first quarter of 2011, down 1 percent sequentially and up 10 percent from the first quarter of 2010. The sequential decrease reflected lower transaction volumes versus the seasonally strong fourth quarter while the year-over-year comparison reflected higher transaction volumes as general improvement in the economy drove increased spending.

Mortgage banking net revenue was $102 million in the first quarter of 2011, a decrease of $47 million from the fourth quarter of 2010 and a decrease of $50 million from the first quarter of 2010. First quarter 2011 originations were $3.9 billion, a decrease from $7.4 billion in the previous quarter and increase from $3.5 billion in the first quarter of 2010. First quarter 2011 originations resulted in gains of $62 million on mortgages sold compared with gains of $158 million during the previous quarter and $71 million during the first quarter of 2010. Gain on sale margins declined sequentially due to rising mortgage rates in the quarter. Mortgage servicing fees this quarter were $58 million, compared with $59 million in the fourth quarter of 2010 and $53 million in the first quarter of 2010. 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 $18 million in the first quarter of 2011 (reflecting MSR amortization of $28 million and MSR valuation adjustments of positive $10 million); negative $67 million in the fourth quarter of 2010 (MSR amortization of $47 million and MSR valuation adjustments of negative $20 million); and positive $28 million in the first quarter of 2010 (MSR amortization of $23 million and positive $51 million in MSR valuation adjustments). The mortgage-servicing asset, net of the valuation reserve, was $894 million at quarter end on a servicing portfolio of $55 billion.

Gains on securities held as non-qualifying hedges for the MSR were $5 million in the first quarter of 2011 compared with $14 million in the fourth quarter of 2010 and none in the first quarter of 2010.

Other noninterest income totaled $81 million in the first quarter of 2011 compared with $55 million in the previous quarter and $74 million in the first quarter of 2010, largely driven by improvements in net credit-related costs. Other noninterest income for all periods included revenue associated with the transition service agreement (TSA) entered into as part of our processing business sale, revenue from our equity interest in the processing business, any effects of the valuation of warrants and puts related to the processing business sale, and any changes in income related to the valuation of the total return swap entered into as part of the

8

2009 sale of Visa, Inc. Class B shares. As of March 31, 2011, December 31, 2010, and March 31, 2010, TSA revenue was $11 million, $11 million, and $13 million, respectively; revenue from our processing business equity interest was $9 million, $8 million, and $5 million, respectively; valuation adjustments were negative $2 million, positive $3 million, and negative $2 million, respectively; and reductions in income related to the Visa, Inc. total return swap were $9 million, $5 million, and $9 million, respectively. Excluding these items, other noninterest income increased $44 million from the previous quarter, primarily due to the effects of lower net credit-related costs, and increased $5 million from the first quarter of 2010.

Net credit-related costs recognized in noninterest income were $3 million in the first quarter of 2011 versus $34 million last quarter and $1 million in the first quarter of 2010. First quarter 2011 results included $17 million of net gains on sales of commercial loans held-for-sale and $16 million of fair value charges on commercial loans held-for-sale, as well as $2 million of losses on other real estate owned (OREO). Fourth quarter 2010 results included $21 million of net gains on sales of commercial loans held-for-sale and $35 million of fair value charges on commercial loans held-for-sale, as well as $19 million of losses on OREO. First quarter 2010 results included net gains of $25 million on the sale of loans held-for-sale, $9 million of fair value charges on commercial loans held-for-sale, and $16 million of losses on OREO.

Net gains on investment securities were $8 million in the first quarter of 2011, compared with investment securities gains of $21 million in the previous quarter and $14 million in the first quarter of 2010.

Noninterest Expense

			For the Three Months Ended								% Change
	March		December		September		June		March
	2011		2010		2010		2010		2010		Seq			Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	351	$	385	$	360	$	356	$	329		(9	%)		7	%
Employee benefits		97		73		82		73		86		33	%		13	%
Net occupancy expense		77		76		72		73		76		1	%		1	%
Technology and communications		45		52		48		45		45		(13	%)		—
Equipment expense		29		32		30		31		30		(8	%)		(2	%)
Card and processing expense		29		26		26		31		25		10	%		17	%
Other noninterest expense		290		343		361		326		365		(15	%)		(21	%)
Total noninterest expense	$	918	$	987	$	979	$	935	$	956		(7	%)		(4	%)

Noninterest expense of $918 million in the first quarter 2011 decreased from $987 million in the fourth quarter 2010 and $956 million a year ago. Excluding $17 million of expenses related to the termination of $1 billion in FHLB funding in the fourth quarter 2010, noninterest expense declined $52 million sequentially. This remaining sequential decline was driven primarily by lower revenue-based compensation as well as lower credit-related expenses, partially offset by a $23 million seasonal increase in FICA and unemployment costs. Excluding a $4 million charge to increase the litigation reserve associated with bank card memberships in the first quarter 2010, noninterest expense declined $34 million from a year ago, due to significantly 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.

9

Noninterest expenses incurred related to problem assets totaled $31 million in the first quarter of 2011, compared with $53 million in the fourth quarter of 2010 and $91 million in the first quarter of 2010. First quarter credit-related expenses included provision expense for mortgage repurchases of $8 million, compared with $20 million in the fourth quarter of 2010 and $39 million a year ago. (Realized mortgage repurchase losses were $24 million in the first quarter of 2011, compared with $23 million last quarter and $13 million in the first quarter of 2010.) Provision for unfunded commitments was a benefit of $16 million in the current quarter, compared with a benefit of $4 million last quarter and $9 million of expense to increase this reserve a year ago. Derivative valuation adjustments related to customer credit risk were a net zero this quarter versus positive $1 million last quarter and $8 million in expense a year ago. OREO expense was $13 million this quarter, compared with $11 million last quarter and $6 million a year ago. Other work out-related expenses were $26 million in the first quarter, compared with $27 million the previous quarter and $29 million in the same period last year.

Credit Quality

				For the Three Months Ended
	March			December			September			June			March
	2011			2010			2010			2010			2010
Total net losses charged off ($ in millions)
Commercial and industrial loans		($83	)		($85	)		($237	)		($104	)		($161	)
Commercial mortgage loans		(54	)		(80	)		(268	)		(78	)		(99	)
Commercial construction loans		(26	)		(11	)		(121	)		(43	)		(78	)
Commercial leases		(1	)		3			(1	)		—			(4	)
Residential mortgage loans		(65	)		(62	)		(204	)		(85	)		(88	)
Home equity		(63	)		(65	)		(66	)		(61	)		(73	)
Automobile loans		(20	)		(19	)		(17	)		(20	)		(31	)
Credit card		(31	)		(33	)		(36	)		(42	)		(44	)
Other consumer loans and leases		(24	)		(4	)		(6	)		(1	)		(4	)
Total net losses charged off		(367	)		(356	)		(957	)		(434	)		(582	)
Total losses		(397	)		(399	)		(992	)		(472	)		(622	)
Total recoveries		30			43			35			38			40
Total net losses charged off		($367	)		($356	)		($957	)		($434	)		($582	)
Ratios (annualized)
Net losses charged off as a percent of average loans and leases (excluding held for sale)		1.92	%		1.86	%		4.95	%		2.26	%		3.01	%
Commercial		1.52	%		1.59	%		5.66	%		2.03	%		3.07	%
Consumer		2.43	%		2.20	%		4.00	%		2.57	%		2.93	%

Net charge-offs were $367 million in the first quarter of 2011, or 192 bps of average loans on an annualized basis. Fourth quarter 2010 net charge-offs were $356 million, or 186 bps of average loans on an annualized basis. The increase in net charge-offs from the prior quarter was primarily the result of a commercial loan that was foreclosed upon in the fourth quarter 2010 which was collateralized by individual consumer loans. These loans were subsequently moved to other consumer loans in the fourth quarter 2010. We recorded $22 million of charge-offs related to these loans in the first quarter of 2011, recorded in “other consumer loans and leases.” First quarter 2010 net charge-offs were $582 million, or 301 bps of average loans on an annualized basis. The decrease in net charge-offs from the prior year reflected continued improvement in the credit quality of loans in our portfolio as well as the impact of the credit actions taken during the third quarter of 2010.

10

Commercial net charge-offs were $164 million, or 152 bps, compared with $173 million, or 159 bps, in the fourth quarter of 2010. Commercial net charge-offs decreased $9 million sequentially with improvement in commercial mortgage and C&I partially offset by higher commercial construction losses. C&I net losses were $83 million, compared with net losses of $85 million in the previous quarter. Commercial mortgage net losses totaled $54 million compared with net losses of $80 million in the fourth quarter. Commercial construction net losses were $26 million, compared with net losses of $11 million in the prior quarter. Net losses on residential builder and developer portfolio loans across the C&I and commercial real estate categories totaled $22 million. Originations of homebuilder/developer loans were suspended in 2007 and the remaining portfolio balance is $651 million, down from a peak of $3.3 billion in the second quarter of 2008.

Consumer net charge-offs were $203 million, or 243 bps, in the first quarter of 2011, compared with $183 million, or 220 bps, in the fourth quarter. Consumer net charge-offs increased $20 million as a result of higher losses in other consumer loans, as discussed earlier. Net charge-offs on residential mortgage loans in the portfolio were $65 million, compared with portfolio losses of $62 million in the previous quarter. Home equity net charge-offs were $63 million, compared with portfolio losses of $65 million in the fourth quarter of 2010. Net losses on brokered home equity loans represented 38 percent of first quarter home equity losses and 15 percent of the total home equity portfolio. The home equity portfolio included $1.6 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 $20 million was consistent with the prior quarter, and net losses on consumer credit card loans were $31 million, down $2 million from the previous quarter. Net charge-offs in other consumer loans were $24 million, up $20 million from the previous quarter due to the previously mentioned commercial loan that was foreclosed upon in the fourth quarter of 2010.

				For the Three Months Ended
	March			December			September			June			March
	2011			2010			2010			2010			2010
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	3,004		$	3,194		$	3,693		$	3,802		$	3,749
Impact of cumulative effect of change in accounting principle		—			—			—			—			45
Total net losses charged off		(367	)		(356	)		(956	)		(434	)		(582	)
Provision for loan and lease losses		168			166			457			325			590
Allowance for loan and lease losses, ending		2,805			3,004			3,194			3,693			3,802
Reserve for unfunded commitments, beginning		227			231			254			260			294
Impact of cumulative effect of change in accounting principle		—			—			—			—			(43	)
Provision for unfunded commitments		(16	)		(4	)		(23	)		(6	)		9
Reserve for unfunded commitments, ending		211			227			231			254			260
Components of allowance for credit losses:
Allowance for loan and lease losses		2,805			3,004			3,194			3,693			3,802
Reserve for unfunded commitments		211			227			231			254			260
Total allowance for credit losses	$	3,016		$	3,231		$	3,425		$	3,947		$	4,062
Allowance for loan and lease losses ratio
As a percent of loans and leases		3.62	%		3.88	%		4.20	%		4.85	%		4.91	%
As a percent of nonperforming loans and leases (a)		170	%		179	%		202	%		146	%		139	%
As a percent of nonperforming assets (a)		132	%		138	%		153	%		124	%		122	%

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

11

Provision for loan and lease losses totaled $168 million in the first quarter of 2011, up $2 million from the fourth quarter and down $422 million from the first quarter of 2010. The allowance for loan and lease losses represented 3.62 percent of total loans and leases outstanding as of quarter end, compared with 3.88 percent last quarter, and represented 170 percent of nonperforming loans and leases, 132 percent of nonperforming assets, and 188 percent of first quarter annualized net charge-offs.

							As of
	March			December			September			June			March
	2011			2010			2010			2010			2010
Nonperforming Assets and Delinquent Loans ($ in millions)
Nonaccrual portfolio loans and leases:
Commercial and industrial loans (a)	$	477		$	473		$	525		$	731		$	746
Commercial mortgage loans		415			407			464			773			853
Commercial construction loans		159			182			211			383			479
Commercial leases		11			11			30			45			55
Residential mortgage loans		140			152			124			282			266
Home equity		24			23			23			21			23
Automobile loans		1			1			1			1			1
Other consumer loans and leases (a)		60			84			—			—			—
Total nonaccrual loans and leases	$	1,287		$	1,333		$	1,378		$	2,236		$	2,423
Restructured loans and leases - commercial (nonaccrual)		149			141			31			48			39
Restructured loans and leases - consumer (nonaccrual)		209			206			175			246			271
Total nonperforming loans and leases	$	1,645		$	1,680		$	1,584		$	2,530		$	2,733
Repossessed personal property		20			27			29			16			21
Other real estate owned (b)		461			467			469			423			375
Total nonperforming assets (c)	$	2,126		$	2,174		$	2,082		$	2,969		$	3,129
Nonaccrual loans held for sale		184			247			680			163			239
Restructured loans - commercial (nonaccrual) held for sale		32			47			19			4			4
Total nonperforming assets including loans held for sale	$	2,342		$	2,468		$	2,781		$	3,136		$	3,372
Restructured Consumer loans and leases (accrual)	$	1,564		$	1,560		$	1,652		$	1,561		$	1,480
Restructured Commercial loans and leases (accrual)	$	243		$	228		$	146		$	109		$	76
Total loans and leases 90 days past due	$	266		$	274		$	317		$	397		$	436
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned (c)		2.11	%		2.15	%		2.07	%		3.30	%		3.51	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (c)		2.73	%		2.79	%		2.72	%		3.87	%		4.02	%

(a) Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from commercial and industrial loans to other consumer loans and leases which occurred after the Bancorp’s Form 8-K was filed on January 19, 2011. This reclassification was primarily a result of the determination that consumer loans obtained in the foreclosure of a commercial loan were more appropriately categorized as other consumer loans and leases in accordance with regulatory guidelines.

(b) Excludes government insured advances.

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

Total nonperforming assets, including loans held-for-sale, were $2.3 billion, a decline of $126 million, or 5 percent, from the previous quarter. Nonperforming assets held-for-investment (NPAs) at quarter end were $2.1 billion or 2.73 percent of total loans, leases and OREO, and decreased $48 million, or 2 percent, from the previous quarter. Nonperforming loans held-for-investment (NPLs) at quarter end were $1.6 billion or 2.11 percent of total loans and leases, and decreased $35 million, or 2 percent, from the fourth quarter. The decrease in total nonperforming assets was driven by the sale of assets from held-for-sale during the quarter and by decreases in NPLs and OREO in the held-for-investment portfolio.

Commercial portfolio NPAs at quarter-end were $1.6 billion, or 3.64 percent of commercial loans, leases and OREO, and increased $10 million, or 1 percent, from the fourth quarter. Commercial portfolio NPLs were $1.2 billion, or 2.78 percent of commercial loans and leases, and decreased $3 million from last quarter. Commercial construction portfolio NPAs were $248 million, a decline of $11 million from the previous quarter.

12

Commercial mortgage portfolio NPAs were $696 million, up $18 million from the prior quarter. Commercial real estate loans in Michigan and Florida represented 48 percent of commercial real estate NPAs and 37 percent of our total commercial real estate portfolio. C&I portfolio NPAs of $620 million increased $8 million from the previous quarter. Within the overall commercial loan portfolio, residential real estate builder and developer portfolio NPAs declined $10 million from the fourth quarter to $249 million, of which $75 million were commercial construction assets, $160 million were commercial mortgage assets and $14 million were C&I assets. Commercial portfolio NPAs included $149 million of nonaccrual troubled debt restructurings (TDRs), compared with $141 million last quarter.

Consumer portfolio NPAs of $538 million, or 1.57 percent of consumer loans, leases and OREO, decreased $58 million from the fourth quarter. Consumer portfolio NPLs were $434 million, or 1.26 percent of consumer loans and leases, and decreased $32 million from last quarter. Of consumer NPAs, $409 million were in residential real estate portfolios. Residential mortgage NPAs were $338 million, down $29 million from the previous quarter, with Florida representing 47 percent of residential mortgage NPAs and 19 percent of total residential mortgage loans. Home equity NPAs were consistent with last quarter at $71 million. Credit card NPAs declined $2 million from the previous quarter to $54 million. Other consumer NPAs declined $24 million to $60 million, due to charge-offs on loans that collateralized the previously mentioned commercial loan foreclosed upon in the fourth quarter 2010. Consumer nonaccrual TDRs were $209 million in the first quarter of 2011, compared with $206 million in the fourth quarter of 2010.

Fourth quarter OREO balances included in portfolio NPA balances described above were $461 million compared with $467 million in the fourth quarter of 2010, and included $323 million in commercial real estate assets, $77 million in residential mortgage assets, $46 million in C&I assets, and $15 million in home equity assets. Repossessed personal property of $20 million consisted largely of autos.

Loans still accruing over 90 days past due were $266 million, down $8 million or 3 percent from the fourth quarter of 2010. Commercial balances 90 days past due of $39 million increased $9 million sequentially. Consumer balances 90 days past due of $227 million declined $17 million from the previous quarter. Loans 30-89 days past due of $538 million decreased $98 million, or 15 percent, from the previous quarter. Commercial balances 30-89 days past due of $187 million declined $20 million, or 10 percent, sequentially and consumer balances 30-89 days past due of $351 million declined $78 million, or 18 percent, from the seasonally high fourth quarter.

At quarter-end, we held $216 million of commercial nonaccrual loans for sale, compared with $294 million at the end of the fourth quarter. During the quarter, we transferred approximately $43 million of commercial loans from the portfolio to loans held-for-sale, and we transferred approximately $10 million of loans from loans held-for-sale to OREO. We recorded negative valuation adjustments of $16 million on held-for-sale loans and we recorded net gains of $17 million on loans that were sold or settled during the quarter.

13

Capital Position

				For the Three Months Ended
	March			December			September			June			March
	2011			2010			2010			2010			2010
Capital Position
Average shareholders’ equity to average assets		11.77	%		12.52	%		12.38	%		12.04	%		11.92	%
Tangible equity (a)		8.76	%		10.42	%		10.04	%		9.89	%		9.67	%
Tangible common equity (excluding unrealized gains/losses) (a)		8.39	%		7.04	%		6.70	%		6.55	%		6.37	%
Tangible common equity (including unrealized gains/losses) (a)		8.61	%		7.30	%		7.06	%		6.91	%		6.61	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (a) (b)		9.09	%		7.59	%		7.40	%		7.23	%		7.04	%
Regulatory capital ratios: (c)
Tier I capital		12.21	%		13.94	%		13.85	%		13.65	%		13.39	%
Total risk-based capital		16.29	%		18.14	%		18.28	%		17.99	%		17.54	%
Tier I leverage		11.20	%		12.79	%		12.54	%		12.24	%		12.00	%
Tier I common equity (a)		9.00	%		7.50	%		7.34	%		7.17	%		6.96	%
Book value per share		12.80			13.06			12.86			12.65			12.31
Tangible book value per share (a)		10.11			9.94			9.74			9.51			9.16

(a) The tangible equity, tangible common equity, tier I common equity and tangible book value per share ratios, while not required byaccounting principles generally accepted in the United States of America (U.S. GAAP), are considered to be critical metrics with which toanalyze banks. The ratios have been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financialcondition. 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 sheetexposures are assigned to broad risk categories. The aggregate dollar amount in each risk category is multiplied by the associated riskweight 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 150 bps to 9.00 percent, the Tier 1 capital ratio decreased 173 bps to 12.21 percent and the Total capital ratio decreased 185 bps to 16.29 percent. The tangible common equity to tangible assets ratio increased 135 bps to 8.39 percent excluding unrealized gains/losses, and increased 131 bps to 8.61 percent including unrealized gains/losses. The Tier 1 common and tangible common equity ratios increased due to the issuance of $1.7 billion in common equity during the first quarter in connection with the redemption of the TARP preferred stock of $3.4 billion, as well higher retained earnings. The Tier 1 capital, total capital, and other ratios that include preferred stock declined due to the net $1.7 billion reduction in preferred and common stock, partially offset by higher retained earnings.

Book value per share at March 31, 2011 was $12.80 and tangible book value per share was $10.11, compared with December 31, 2010 book value per share of $13.06 and tangible book value per share of $9.94. Book value and tangible book value per share were increased by higher retained earnings and the issuance of common stock at a premium, offset by the effect of the repurchase of the TARP warrant from the U.S. Treasury.

Average diluted common shares of 895 million shares increased 59 million shares from 836 million shares in the fourth quarter of 2010. During the first quarter, we issued 122 million common shares in connection with the redemption of TARP preferred stock. However, the acceleration of the discount accretion associated with

14

the TARP preferred stock reduced earnings below the level at which our Series G convertible preferred shares are included in the fully diluted common share count (in other words, absent this item, the 36 million shares underlying the Series G convertible preferred shares would have been included in the fully diluted share count). Fourth quarter 2010 earnings per share were computed using the “if converted” method, which resulted in an increase in our diluted share count for the quarter. In most previous quarters, these shares were excluded from the diluted EPS calculation, as their impact would have been anti-dilutive to EPS. Period end common shares outstanding were 918.7 million in the first quarter of 2011, up 122.4 million compared with 796.3 million in the fourth quarter of 2010, due to the issuance of 122.4 million shares during the quarter. The inclusion or exclusion of the fully dilutive effect of the common shares underlying the Series G shares has no impact on end of period shares.

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 March 31, 2011 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 the definition of Tier 1 common, and to risk weightings applied to certain types of assets. We do not currently expect these proposed adjustments to negatively affect Fifth Third’s Tier 1 common capital levels and for any positive effect to be modest.

Fifth Third was one of 19 bank holding companies that submitted a capital plan for the years 2011 and 2012, approved by its board of directors, to the Federal Reserve as part of the Comprehensive Capital Analysis and Review. The Board of Governors of the Federal Reserve System did not object to the proposed capital actions in its capital plan, which included an increase in the quarterly common stock dividend in the first quarter of 2011 and the possible future redemption of certain trust preferred securities. The board of directors approved an increase to the quarterly common stock dividend to $0.06 per share on March 22, 2011 from $0.01 per share.

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.

15

Conference Call

Fifth Third will host a conference call to discuss these financial results at 9:00 a.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 Thursday, May 5^th by dialing 800-642-1687 for domestic access and 706-645-9291 for international access (passcode 49810171#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of March 31, 2011, the Company had $110 billion in assets and operated 15 affiliates with 1,310 full-service Banking Centers, including 101 Bank Mart^® locations open seven days a week inside select grocery stores and 2,453 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 March 31, 2011, had $274 billion in assets under care, of which it managed $26 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

16

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.

# # #

17

Quarterly Financial Review for March 31, 2011

Table of Contents

Financial Highlights	19-20
Consolidated Statements of Income	21
Consolidated Statements of Income (Taxable Equivalent)	22
Consolidated Balance Sheets	23-24
Consolidated Statements of Changes in Equity	25
Average Balance Sheet and Yield Analysis	26-27
Summary of Loans and Leases	28
Regulatory Capital	29
Summary of Credit Loss Experience	30
Asset Quality	31
Regulation G Non-GAAP Reconciliation	32
Segment Presentation	33

18

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended									% Change
	March 2011			December 2010			March 2010			Seq			Yr/Yr
Income Statement Data
Net interest income (a)	$	884		$	919		$	901			(4	%)		(2	%)
Noninterest income		584			656			627			(11	%)		(7	%)
Total revenue (a)		1,468			1,575			1,528			(7	%)		(4	%)
Provision for loan and lease losses		168			166			590			1	%		(72	%)
Noninterest expense		918			987			956			(7	%)		(4	%)
Net income (loss) attributable to Bancorp		265			333			(10	)		(20	%)		NM
Net income (loss) available to common shareholders		88			270			(72	)		(67	%)		NM
Common Share Data
Earnings per share, basic	$	0.10		$	0.34		($	0.09	)		(71	%)		NM
Earnings per share, diluted		0.10			0.33			(0.09	)		(70	%)		NM
Cash dividends per common share		0.06			0.01			0.01			500	%		500	%
Book value per share		12.80			13.06			12.31			(2	%)		4	%
Market price per share		13.89			14.68			13.56			(5	%)		2	%
Common shares outstanding (in thousands)		918,728			796,273			794,816			15	%		16	%
Average common shares outstanding (in thousands):
Basic		880,830			791,072			790,473			11	%		11	%
Diluted		894,841			836,225			790,473			7	%		13	%
Market capitalization	$	12,761		$	11,689		$	10,778			9	%		18	%
Financial Ratios
Return on assets		0.97	%		1.18	%		(0.04	%)		(18	%)		NM
Return on average common equity		3.1	%		10.4	%		(3.0	%)		(70	%)		NM
Noninterest income as a percent of total revenue		40	%		42	%		41	%		(5	%)		(2	%)
Average equity as a percent of average assets		11.77	%		12.52	%		11.92	%		(6	%)		(1	%)
Tangible equity (b) (d)		8.76	%		10.42	%		9.67	%		(16	%)		(9	%)
Tangible common equity (c) (d)		8.39	%		7.04	%		6.37	%		19	%		32	%
Net interest margin (a)		3.71	%		3.75	%		3.63	%		(1	%)		2	%
Efficiency (a)		62.5	%		62.6	%		62.5	%		—			—
Effective tax rate		29.7	%		20.0	%		53.0	%		49	%		(44	%)
Credit Quality
Net losses charged off	$	367		$	356		$	582			3	%		(32	%)
Net losses charged off as a percent of average loans and leases		1.92	%		1.86	%		3.01	%		3	%		(36	%)
Allowance for loan and lease losses as a percent of loans and leases		3.62	%		3.88	%		4.91	%		(7	%)		(26	%)
Allowance for credit losses as a percent of loans and leases		3.89	%		4.17	%		5.25	%		(7	%)		(26	%)
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned (e)		2.73	%		2.79	%		4.02	%		(2	%)		(32	%)
Average Balances
Loans and leases, including held for sale	$	79,379		$	79,148		$	80,136			—			(1	%)
Total securities and other short-term investments		17,290			18,066			20,559			(4	%)		(16	%)
Total assets		110,844			111,858			113,433			(1	%)		(2	%)
Transaction deposits (f)		70,161			67,964			64,203			3	%		9	%
Core deposits (g)		77,524			76,454			76,262			1	%		2	%
Wholesale funding (h)		16,430			17,269			20,215			(5	%)		(19	%)
Bancorp shareholders’ equity		13,052			14,007			13,518			(7	%)		(3	%)
Regulatory Capital Ratios (i)
Tier I capital		12.21	%		13.94	%		13.39	%		(12	%)		(9	%)
Total risk-based capital		16.29	%		18.14	%		17.54	%		(10	%)		(7	%)
Tier I leverage		11.20	%		12.79	%		12.00	%		(12	%)		(7	%)
Tier I common equity (d)		9.00	%		7.50	%		6.96	%		20	%		29	%
Operations
Banking centers		1,310			1,312			1,309			—			—
ATMs		2,453			2,445			2,364			—			4	%
Full-time equivalent employees		20,837			20,838			20,038			—			4	%

(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

19

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended
	March 2011			December 2010			September 2010			June 2010			March 2010
Income Statement Data
Net interest income (a)	$	884		$	919		$	916		$	887		$	901
Noninterest income		584			656			827			620			627
Total revenue (a)		1,468			1,575			1,743			1,507			1,528
Provision for loan and lease losses		168			166			457			325			590
Noninterest expense		918			987			979			935			956
Net income (loss) attributable to Bancorp		265			333			238			192			(10	)
Net income (loss) available to common shareholders		88			270			175			130			(72	)
Common Share Data
Earnings per share, basic	$	0.10		$	0.34		$	0.22		$	0.16		($	0.09	)
Earnings per share, diluted		0.10			0.33			0.22			0.16			(0.09	)
Cash dividends per common share		0.06			0.01			0.01			0.01			0.01
Book value per share		12.80			13.06			12.86			12.65			12.31
Market price per share		13.89			14.68			12.03			12.29			13.56
Common shares outstanding (in thousands)		918,728			796,273			796,283			796,320			794,816
Average common shares outstanding (in thousands):
Basic		880,830			791,072			791,017			790,839			790,473
Diluted		894,841			836,225			797,492			802,255			790,473
Market capitalization	$	12,761		$	11,689		$	9,579		$	9,787		$	10,778
Financial Ratios
Return on assets		0.97	%		1.18	%		0.84	%		0.68	%		(0.04	%)
Return on average common equity		3.1	%		10.4	%		6.8	%		5.2	%		(3.0	%)
Noninterest income as a percent of total revenue		40	%		42	%		47	%		41	%		41	%
Average equity as a percent of average assets		11.77	%		12.52	%		12.38	%		12.04	%		11.92	%
Tangible equity (b) (d)		8.76	%		10.42	%		10.04	%		9.89	%		9.67	%
Tangible common equity (c) (d)		8.39	%		7.04	%		6.70	%		6.55	%		6.37	%
Net interest margin (a)		3.71	%		3.75	%		3.70	%		3.57	%		3.63	%
Efficiency (a)		62.5	%		62.6	%		56.2	%		62.1	%		62.5	%
Effective tax rate		29.7	%		20.0	%		21.5	%		20.5	%		53.0	%
Credit Quality
Net losses charged off	$	367		$	356		$	956		$	434		$	582
Net losses charged off as a percent of average loans and leases		1.92	%		1.86	%		4.95	%		2.26	%		3.01	%
Allowance for loan and lease losses as a percent of loans and leases		3.62	%		3.88	%		4.20	%		4.85	%		4.91	%
Allowance for credit losses as a percent of loans and leases		3.89	%		4.17	%		4.51	%		5.18	%		5.25	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned (e)		2.73	%		2.79	%		2.72	%		3.87	%		4.02	%
Average Balances
Loans and leases, including held for sale	$	79,379		$	79,148		$	78,854		$	78,807		$	80,136
Total securities and other short-term investments		17,290			18,066			19,309			20,891			20,559
Total assets		110,844			111,858			111,854			112,613			113,433
Transaction deposits (f)		70,161			67,964			64,941			65,508			64,203
Core deposits (g)		77,524			76,454			75,202			76,844			76,262
Wholesale funding (h)		16,430			17,269			19,236			18,977			20,215
Bancorp shareholders’ equity		13,052			14,007			13,852			13,563			13,518
Regulatory Capital Ratios (i)
Tier I capital		12.21	%		13.94	%		13.85	%		13.65	%		13.39	%
Total risk-based capital		16.29	%		18.14	%		18.28	%		17.99	%		17.54	%
Tier I leverage		11.20	%		12.79	%		12.54	%		12.24	%		12.00	%
Tier I common equity (d)		9.00	%		7.50	%		7.34	%		7.17	%		6.96	%
Operations
Banking centers		1,310			1,312			1,309			1,309			1,309
ATMs		2,453			2,445			2,390			2,362			2,364
Full-time equivalent employees		20,837			20,838			20,667			20,479			20,038

(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

Consolidated Statements of Income

$ in millions

(unaudited)

	For the Three Months Ended							% Change
	March 2011		December 2010		March 2010			Seq			Yr/Yr
Interest Income
Interest and fees on loans and leases	$	910	$	950	$	960			(4	%)		(5	%)
Interest on securities		149		152		182			(2	%)		(18	%)
Interest on other short-term investments		1		2		1			(22	%)		(14	%)
Total interest income		1,060		1,104		1,143			(4	%)		(7	%)
Interest Expense
Interest on deposits		106		118		171			(10	%)		(38	%)
Interest on short-term borrowings		1		1		1			(12	%)		(2	%)
Interest on long-term debt		74		71		74			4	%		—
Total interest expense		181		190		246			(5	%)		(26	%)
Net Interest Income		879		914		897			(4	%)		(2	%)
Provision for loan and lease losses		168		166		590			1	%		(72	%)
Net interest income after provision for loan and lease losses		711		748		307			(5	%)		131	%
Noninterest Income
Service charges on deposits		124		140		142			(11	%)		(12	%)
Corporate banking revenue		86		103		81			(17	%)		6	%
Mortgage banking net revenue		102		149		152			(31	%)		(33	%)
Investment advisory revenue		98		93		91			5	%		8	%
Card and processing revenue		80		81		73			(1	%)		10	%
Other noninterest income		81		55		74			48	%		8	%
Securities gains (losses), net		8		21		14			(62	%)		(43	%)
Securities gains, net - non-qualifying hedges on mortgage servicing rights		5		14		—			(60	%)		NM
Total noninterest income		584		656		627			(11	%)		(7	%)
Noninterest Expense
Salaries, wages and incentives		351		385		329			(9	%)		7	%
Employee benefits		97		73		86			33	%		13	%
Net occupancy expense		77		76		76			1	%		1	%
Technology and communications		45		52		45			(13	%)		—
Equipment expense		29		32		30			(8	%)		(2	%)
Card and processing expense		29		26		25			10	%		17	%
Other noninterest expense		290		343		365			(15	%)		(21	%)
Total noninterest expense		918		987		956			(7	%)		(4	%)
Income (loss) before income taxes		377		417		(22	)		(10	%)		NM
Applicable income taxes		112		83		(12	)		35	%		NM
Net Income (loss)		265		334		(10	)		(20	%)		NM
Less: Net income (loss) attributable to noncontrolling interest		—		1		—			(15	%)		NM
Net income (loss) attributable to Bancorp		265		333		(10	)		(20	%)		NM
Dividends on preferred stock		177		63		62			181	%		185	%
Net income (loss) available to common shareholders	$	88	$	270	($	72	)		(67	%)		NM

21

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	March 2011		December 2010		September 2010		June 2010		March 2010
Interest Income
Interest and fees on loans and leases	$	910	$	950	$	962	$	951	$	960
Interest on securities		149		152		161		163		182
Interest on other short-term investments		1		2		3		2		1
Total interest income		1,060		1,104		1,126		1,116		1,143
Taxable equivalent adjustment		5		5		4		5		4
Total interest income (taxable equivalent)		1,065		1,109		1,130		1,121		1,147
Interest Expense
Interest on deposits		106		118		141		161		171
Interest on short-term borrowings		1		1		1		1		1
Interest on long-term debt		74		71		72		72		74
Total interest expense		181		190		214		234		246
Net interest income (taxable equivalent)		884		919		916		887		901
Provision for loan and lease losses		168		166		457		325		590
Net interest income (taxable equivalent) after provision for loan and lease losses		716		753		459		562		311
Noninterest Income
Service charges on deposits		124		140		143		149		142
Corporate banking revenue		86		103		86		93		81
Mortgage banking net revenue		102		149		232		114		152
Investment advisory revenue		98		93		90		87		91
Card and processing revenue		80		81		77		84		73
Other noninterest income		81		55		195		85		74
Securities gains (losses), net		8		21		4		8		14
Securities gains, net - non-qualifying hedges on mortgage servicing rights		5		14		—		—		—
Total noninterest income		584		656		827		620		627
Noninterest Expense
Salaries, wages and incentives		351		385		360		356		329
Employee benefits		97		73		82		73		86
Net occupancy expense		77		76		72		73		76
Technology and communications		45		52		48		45		45
Equipment expense		29		32		30		31		30
Card and processing expense		29		26		26		31		25
Other noninterest expense		290		343		361		326		365
Total noninterest expense		918		987		979		935		956
Income (loss) before income taxes (taxable equivalent)		382		422		307		247		(18	)
Taxable equivalent adjustment		5		5		4		5		4
Income (loss) before income taxes		377		417		303		242		(22	)
Applicable income taxes		112		83		65		50		(12	)
Net Income (loss)		265		334		238		192		(10	)
Less: Net Income (loss) attributable to noncontrolling interest		—		1		—		—		—
Net income (loss) attributable to Bancorp		265		333		238		192		(10	)
Dividends on preferred stock		177		63		63		62		62
Net income (loss) available to common shareholders	$	88	$	270	$	175	$	130	($	72	)

22

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	March 2011			December 2010			March 2010			Seq			Yr/Yr
Assets
Cash and due from banks	$	2,121		$	2,159		$	2,133			(2	%)		(1	%)
Available-for-sale and other securities (a)		15,135			15,414			16,935			(2	%)		(11	%)
Held-to-maturity securities (b)		346			353			355			(2	%)		(2	%)
Trading securities		216			294			305			(26	%)		(29	%)
Other short-term investments		2,481			1,515			3,904			64	%		(36	%)
Loans held for sale		1,291			2,216			1,607			(42	%)		(20	%)
Portfolio loans and leases:
Commercial and industrial loans		27,344			27,191			26,131			1	%		5	%
Commercial mortgage loans		10,510			10,845			11,744			(3	%)		(11	%)
Commercial construction loans		1,980			2,048			3,277			(3	%)		(40	%)
Commercial leases		3,367			3,378			3,388			—			(1	%)
Residential mortgage loans		9,530			8,956			7,918			6	%		20	%
Home equity		11,222			11,513			12,186			(3	%)		(8	%)
Automobile loans		11,129			10,983			10,180			1	%		9	%
Credit card		1,821			1,896			1,863			(4	%)		(2	%)
Other consumer loans and leases		562			681			736			(17	%)		(24	%)
Portfolio loans and leases		77,465			77,491			77,423			—			—
Allowance for loan and lease losses		(2,805	)		(3,004	)		(3,802	)		(7	%)		(26	%)
Portfolio loans and leases, net		74,660			74,487			73,621			—			1	%
Bank premises and equipment		2,389			2,389			2,384			—			—
Operating lease equipment		513			479			492			7	%		4	%
Goodwill		2,417			2,417			2,417			—			—
Intangible assets		55			62			94			(12	%)		(41	%)
Servicing rights		894			822			725			9	%		23	%
Other assets		7,967			8,400			7,679			(5	%)		4	%
Total assets	$	110,485		$	111,007		$	112,651			—			(2	%)
Liabilities
Deposits:
Demand	$	22,066		$	21,413		$	19,482			3	%		13	%
Interest checking		18,597			18,560			19,126			—			(3	%)
Savings		21,697			20,903			19,099			4	%		14	%
Money market		5,184			5,035			4,782			3	%		8	%
Foreign office		3,569			3,721			2,844			(4	%)		25	%
Other time		7,043			7,728			11,643			(9	%)		(40	%)
Certificates - $100,000 and over		4,160			4,287			6,596			(3	%)		(37	%)
Other		1			1			2			(18	%)		(61	%)
Total deposits		82,317			81,648			83,574			1	%		(2	%)
Federal funds purchased		332			279			271			19	%		22	%
Other short-term borrowings		1,297			1,574			1,359			(18	%)		(5	%)
Accrued taxes, interest and expenses		844			889			633			(5	%)		33	%
Other liabilities		2,948			2,979			2,459			(1	%)		20	%
Long-term debt		10,555			9,558			10,947			10	%		(4	%)
Total liabilities		98,293			96,927			99,243			1	%		(1	%)
Equity
Common stock		2,051			1,779			1,779			15	%		15	%
Preferred stock		398			3,654			3,620			(89	%)		(89	%)
Capital surplus		2,824			1,715			1,753			65	%		61	%
Retained earnings		6,752			6,719			6,169			—			9	%
Accumulated other comprehensive income		263			314			288			(16	%)		(9	%)
Treasury stock		(125	)		(130	)		(201	)		(4	%)		(38	%)
Total Bancorp shareholders’ equity		12,163			14,051			13,408			(13	%)		(9	%)
Noncontrolling interest		29			29			—			—			NM
Total Equity		12,192			14,080			13,408			(13	%)		(9	%)
Total liabilities and equity	$	110,485		$	111,007		$	112,651			—			(2	%)
(a) Amortized cost	$	14,707		$	14,919		$	16,523			(1	%)		(11	%)
(b) Market values		346			353			355			(2	%)		(2	%)
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			2,000,000			—			—
Outstanding, excluding treasury		918,728			796,273			794,816			15	%		16	%
Treasury		5,165			5,232			6,688			(1	%)		(23	%)

23

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	March 2011			December 2010			September 2010			June 2010			March 2010
Assets
Cash and due from banks	$	2,121		$	2,159		$	2,215		$	2,216		$	2,133
Available-for-sale and other securities (a)		15,135			15,414			15,975			16,021			16,935
Held-to-maturity securities (b)		346			353			354			354			355
Trading securities		216			294			320			270			305
Other short-term investments		2,481			1,515			3,271			4,322			3,904
Loans held for sale		1,291			2,216			2,733			2,150			1,607
Portfolio loans and leases:
Commercial and industrial loans		27,344			27,191			26,302			26,008			26,131
Commercial mortgage loans		10,510			10,845			10,985			11,481			11,744
Commercial construction loans		1,980			2,048			2,349			2,965			3,277
Commercial leases		3,367			3,378			3,304			3,271			3,388
Residential mortgage loans		9,530			8,956			7,975			7,707			7,918
Home equity		11,222			11,513			11,774			11,987			12,186
Automobile loans		11,129			10,983			10,738			10,285			10,180
Credit card		1,821			1,896			1,832			1,841			1,863
Other consumer loans and leases		562			681			750			687			736
Portfolio loans and leases		77,465			77,491			76,009			76,232			77,423
Allowance for loan and lease losses		(2,805	)		(3,004	)		(3,194	)		(3,693	)		(3,802	)
Portfolio loans and leases, net		74,660			74,487			72,815			72,539			73,621
Bank premises and equipment		2,389			2,389			2,377			2,374			2,384
Operating lease equipment		513			479			470			489			492
Goodwill		2,417			2,417			2,417			2,417			2,417
Intangible assets		55			62			72			83			94
Servicing rights		894			822			599			646			725
Other assets		7,967			8,400			8,704			8,144			7,679
Total assets	$	110,485		$	111,007		$	112,322		$	112,025		$	112,651
Liabilities
Deposits:
Demand	$	22,066		$	21,413		$	20,109		$	19,256		$	19,482
Interest checking		18,597			18,560			17,225			17,759			19,126
Savings		21,697			20,903			20,260			19,646			19,099
Money market		5,184			5,035			5,064			4,666			4,782
Foreign office		3,569			3,721			3,807			3,430			2,844
Other time		7,043			7,728			9,379			10,966			11,643
Certificates - $100,000 and over		4,160			4,287			5,515			6,389			6,596
Other		1			1			3			3			2
Total deposits		82,317			81,648			81,362			82,115			83,574
Federal funds purchased		332			279			368			240			271
Other short-term borrowings		1,297			1,574			1,775			1,556			1,359
Accrued taxes, interest and expenses		844			889			869			721			633
Other liabilities		2,948			2,979			3,082			2,703			2,459
Long-term debt		10,555			9,558			10,953			10,989			10,947
Total liabilities		98,293			96,927			98,409			98,324			99,243
Equity
Common stock		2,051			1,779			1,779			1,779			1,779
Preferred stock		398			3,654			3,642			3,631			3,620
Capital surplus		2,824			1,715			1,707			1,696			1,753
Retained earnings		6,752			6,719			6,456			6,289			6,169
Accumulated other comprehensive income		263			314			432			440			288
Treasury stock		(125	)		(130	)		(132	)		(134	)		(201	)
Total Bancorp shareholders’ equity		12,163			14,051			13,884			13,701			13,408
Noncontrolling interest		29			29			29			—			—
Total Equity		12,192			14,080			13,913			13,701			13,408
Total liabilities and equity	$	110,485		$	111,007		$	112,322		$	112,025		$	112,651
(a) Amortized cost	$	14,707		$	14,919		$	15,308		$	15,356		$	16,523
(b) Market values		346			353			354			354			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		918,728			796,273			796,283			796,320			794,816
Treasury		5,165			5,232			5,221			5,184			6,688

24

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Equity

$ in millions

(unaudited)

	For the Three Months Ended
	March 2011			March 2010
Total equity, beginning	$	14,080		$	13,497
Net income (loss) attributable to Bancorp		265			(10	)
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		(44	)		51
Qualifying cash flow hedges		(9	)		(6	)
Change in accumulated other comprehensive income related to employee benefit plans		2			2
Comprehensive income		214			37
Cash dividends declared:
Common stock		(55	)		(8	)
Preferred stock		(24	)		(51	)
Issuance of common stock		1,648			—
TARP repayment		(3,408	)		—
Stock-based awards exercised, including treasury shares issued		1			—
Loans repaid (issued) related to exercise of stock-based awards, net		1			—
Redemption of preferred stock warrants issued under TARP CPP		(280	)		—
Stock-based compensation expense		15			10
Impact of cumulative effect of change in accounting principle		—			(77	)
Total equity, ending	$	12,192		$	13,408

25

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	March 2011			December 2010			March 2010			Seq			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	27,404		$	26,509		$	26,299			3	%		4	%
Commercial mortgage loans		10,816			11,276			11,836			(4	%)		(9	%)
Commercial construction loans		2,085			2,289			3,781			(9	%)		(45	%)
Commercial leases		3,364			3,314			3,468			2	%		(3	%)
Residential mortgage loans		10,736			10,693			9,478			—			13	%
Home equity		11,376			11,655			12,338			(2	%)		(8	%)
Automobile loans		11,070			10,825			10,185			2	%		9	%
Credit card		1,852			1,844			1,940			—			(5	%)
Other consumer loans and leases		676			743			811			(9	%)		(17	%)
Taxable securities		15,156			15,367			17,240			(1	%)		(11	%)
Tax exempt securities		197			268			175			(26	%)		(49	%)
Other short-term investments		1,937			2,431			3,144			(20	%)		(38	%)
Total interest-earning assets		96,669			97,214			100,695			(1	%)		(4	%)
Cash and due from banks		2,268			2,284			2,247			(1	%)		1	%
Other assets		14,897			15,449			14,262			(4	%)		4	%
Allowance for loan and lease losses		(2,990	)		(3,089	)		(3,771	)		(3	%)		(21	%)
Total assets	$	110,844		$	111,858		$	113,433			(1	%)		(2	%)
Liabilities
Interest-bearing liabilities:
Interest checking	$	18,539		$	17,578		$	19,533			5	%		(5	%)
Savings		21,324			20,602			18,469			4	%		15	%
Money market		5,136			4,985			4,622			3	%		11	%
Foreign office		3,580			3,733			2,757			(4	%)		30	%
Other time		7,363			8,490			12,059			(13	%)		(39	%)
Certificates - $100,000 and over		4,226			4,858			7,049			(13	%)		(40	%)
Other		1			9			8			(85	%)		(84	%)
Federal funds purchased		310			376			220			(18	%)		41	%
Other short-term borrowings		1,638			1,728			1,449			(5	%)		13	%
Long-term debt		10,255			10,298			11,489			—			(11	%)
Total interest-bearing liabilities		72,372			72,657			77,655			—			(7	%)
Demand deposits		21,582			21,066			18,822			2	%		15	%
Other liabilities		3,809			4,099			3,438			(7	%)		11	%
Total liabilities		97,763			97,822			99,915			—			(2	%)
Equity		13,081			14,036			13,518			(7	%)		(3	%)
Total liabilities and equity	$	110,844		$	111,858		$	113,433			(1	%)		(2	%)
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.45	%		4.64	%		4.61	%
Commercial mortgage loans		4.11	%		4.17	%		4.20	%
Commercial construction loans		3.15	%		2.90	%		2.92	%
Commercial leases		4.17	%		4.21	%		4.54	%
Residential mortgage loans		4.67	%		4.64	%		5.18	%
Home equity		3.96	%		3.98	%		4.02	%
Automobile loans		5.10	%		5.41	%		6.24	%
Credit card		10.43	%		10.55	%		10.76	%
Other consumer loans and leases		18.54	%		18.68	%		11.87	%
Total loans and leases		4.67	%		4.78	%		4.87	%
Taxable securities		3.96	%		3.88	%		4.23	%
Tax exempt securities		4.77	%		4.27	%		7.08	%
Other short-term investments		0.25	%		0.25	%		0.18	%
Total interest-earning assets		4.47	%		4.52	%		4.62	%
Interest-bearing liabilities:
Interest checking		0.28	%		0.28	%		0.28	%
Savings		0.43	%		0.45	%		0.67	%
Money market		0.32	%		0.34	%		0.46	%
Foreign office		0.31	%		0.34	%		0.34	%
Other time		2.36	%		2.39	%		2.75	%
Certificates - $100,000 and over		1.99	%		1.94	%		2.16	%
Other		0.05	%		0.26	%		0.02	%
Federal funds purchased		0.14	%		0.19	%		0.13	%
Other short-term borrowings		0.19	%		0.19	%		0.23	%
Long-term debt		2.95	%		2.72	%		2.64	%
Total interest-bearing liabilities		1.02	%		1.04	%		1.29	%
Ratios:
Net interest margin (taxable equivalent)		3.71	%		3.75	%		3.63	%
Net interest rate spread (taxable equivalent)		3.45	%		3.48	%		3.33	%
Interest-bearing liabilities to interest-earning assets		74.87	%		74.74	%		77.12	%

26

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	March 2011			December 2010			September 2010			June 2010			March 2010
Assets
Interest-earning assets:
Commercial and industrial loans	$	27,404		$	26,509		$	26,348		$	26,179		$	26,299
Commercial mortgage loans		10,816			11,276			11,462			11,772			11,836
Commercial construction loans		2,085			2,289			2,955			3,258			3,781
Commercial leases		3,364			3,314			3,257			3,336			3,468
Residential mortgage loans		10,736			10,693			9,897			9,390			9,478
Home equity		11,376			11,655			11,897			12,102			12,338
Automobile loans		11,070			10,825			10,517			10,170			10,185
Credit card		1,852			1,844			1,838			1,859			1,940
Other consumer loans and leases		676			743			683			741			811
Taxable securities		15,156			15,367			15,580			16,263			17,240
Tax exempt securities		197			268			273			343			175
Other short-term investments		1,937			2,431			3,456			4,285			3,144
Total interest-earning assets		96,669			97,214			98,163			99,698			100,695
Cash and due from banks		2,268			2,284			2,283			2,163			2,247
Other assets		14,897			15,449			15,088			14,550			14,262
Allowance for loan and lease losses		(2,990	)		(3,089	)		(3,680	)		(3,798	)		(3,771	)
Total assets	$	110,844		$	111,858		$	111,854		$	112,613		$	113,433
Liabilities
Interest-bearing liabilities:
Interest checking	$	18,539		$	17,578		$	17,142		$	18,652		$	19,533
Savings		21,324			20,602			19,905			19,446			18,469
Money market		5,136			4,985			4,940			4,679			4,622
Foreign office		3,580			3,733			3,592			3,325			2,757
Other time		7,363			8,490			10,261			11,336			12,059
Certificates - $100,000 and over		4,226			4,858			6,096			6,354			7,049
Other		1			9			4			5			8
Federal funds purchased		310			376			302			264			220
Other short-term borrowings		1,638			1,728			1,880			1,478			1,449
Long-term debt		10,255			10,298			10,954			10,876			11,489
Total interest-bearing liabilities		72,372			72,657			75,076			76,415			77,655
Demand deposits		21,582			21,066			19,362			19,406			18,822
Other liabilities		3,809			4,099			3,544			3,229			3,438
Total liabilities		97,763			97,822			97,982			99,050			99,915
Equity		13,081			14,036			13,872			13,563			13,518
Total liabilities and equity	$	110,844		$	111,858		$	111,854		$	112,613		$	113,433
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.45	%		4.64	%		4.81	%		4.75	%		4.61	%
Commercial mortgage loans		4.11	%		4.17	%		3.97	%		4.10	%		4.20	%
Commercial construction loans		3.15	%		2.90	%		3.06	%		3.15	%		2.92	%
Commercial leases		4.17	%		4.21	%		4.34	%		4.51	%		4.54	%
Residential mortgage loans		4.67	%		4.64	%		4.81	%		4.77	%		5.18	%
Home equity		3.96	%		3.98	%		3.99	%		4.01	%		4.02	%
Automobile loans		5.10	%		5.41	%		5.71	%		6.01	%		6.24	%
Credit card		10.43	%		10.55	%		10.70	%		10.91	%		10.76	%
Other consumer loans and leases		18.54	%		18.68	%		18.59	%		13.65	%		11.87	%
Total loans and leases		4.67	%		4.78	%		4.85	%		4.86	%		4.87	%
Taxable securities		3.96	%		3.88	%		4.06	%		3.96	%		4.23	%
Tax exempt securities		4.77	%		4.27	%		4.05	%		3.82	%		7.08	%
Other short-term investments		0.25	%		0.25	%		0.36	%		0.20	%		0.18	%
Total interest-earning assets		4.47	%		4.52	%		4.57	%		4.51	%		4.62	%
Interest-bearing liabilities:
Interest checking		0.28	%		0.28	%		0.29	%		0.30	%		0.28	%
Savings		0.43	%		0.45	%		0.48	%		0.60	%		0.67	%
Money market		0.32	%		0.34	%		0.39	%		0.42	%		0.46	%
Foreign office		0.31	%		0.34	%		0.38	%		0.36	%		0.34	%
Other time		2.36	%		2.39	%		2.57	%		2.70	%		2.75	%
Certificates - $100,000 and over		1.99	%		1.94	%		1.95	%		2.13	%		2.16	%
Other		0.05	%		0.26	%		0.09	%		0.10	%		0.02	%
Federal funds purchased		0.14	%		0.19	%		0.17	%		0.17	%		0.13	%
Other short-term borrowings		0.19	%		0.19	%		0.21	%		0.21	%		0.23	%
Long-term debt		2.95	%		2.72	%		2.61	%		2.64	%		2.64	%
Total interest-bearing liabilities		1.02	%		1.04	%		1.13	%		1.23	%		1.29	%
Ratios:
Net interest margin (taxable equivalent)		3.71	%		3.75	%		3.70	%		3.57	%		3.63	%
Net interest rate spread (taxable equivalent)		3.45	%		3.48	%		3.44	%		3.28	%		3.33	%
Interest-bearing liabilities to interest-earning assets		74.87	%		74.74	%		76.48	%		76.65	%		77.12	%

27

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	March 2011		December 2010		September 2010		June 2010		March 2010
Average Loans and Leases
Commercial:
Commercial and industrial loans	$	27,331	$	26,338	$	26,344	$	26,176	$	26,294
Commercial mortgage loans		10,685		10,985		11,375		11,659		11,708
Commercial construction loans		2,030		2,171		2,885		3,160		3,700
Commercial leases		3,364		3,314		3,257		3,336		3,467
Subtotal - commercial		43,410		42,808		43,861		44,331		45,169
Consumer:
Residential mortgage loans		9,282		8,382		7,837		7,805		7,976
Home equity		11,376		11,655		11,897		12,102		12,338
Automobile loans		11,070		10,825		10,517		10,170		10,185
Credit card		1,852		1,844		1,838		1,859		1,940
Other consumer loans and leases		646		722		667		706		773
Subtotal - consumer		34,226		33,428		32,756		32,642		33,212
Total average loans and leases (excluding held for sale)	$	77,636	$	76,236	$	76,617	$	76,973	$	78,381
Average loans held for sale		1,743		2,912		2,237		1,834		1,756
End of Period Loans and Leases
Commercial:
Commercial and industrial loans	$	27,344	$	27,191	$	26,302	$	26,008	$	26,131
Commercial mortgage loans		10,510		10,845		10,985		11,481		11,744
Commercial construction loans		1,980		2,048		2,349		2,965		3,277
Commercial leases		3,367		3,378		3,304		3,271		3,388
Subtotal - commercial		43,201		43,462		42,940		43,725		44,540
Consumer:
Residential mortgage loans		9,530		8,956		7,975		7,707		7,918
Home equity		11,222		11,513		11,774		11,987		12,186
Automobile loans		11,129		10,983		10,738		10,285		10,180
Credit card		1,821		1,896		1,832		1,841		1,863
Other consumer loans and leases		562		681		750		687		736
Subtotal - consumer		34,264		34,029		33,069		32,507		32,883
Total portfolio loans and leases	$	77,465	$	77,491	$	76,009	$	76,232	$	77,423
Core business activity		1,076		1,922		2,034		1,983		1,364
Portfolio management activity		216		294		699		167		243
Total loans held for sale		1,291		2,216		2,733		2,150		1,607
Operating lease equipment		513		479		470		489		492
Loans and Leases Serviced for Others (a):
Commercial and industrial loans		547		490		452		492		503
Commercial mortgage loans		328		337		335		315		291
Commercial construction loans		56		55		55		43		134
Commercial leases		118		125		133		143		146
Residential mortgage loans		55,447		54,234		52,433		51,325		50,293
Home equity		—		—		—		—		—
Automobile loans		—		—		—		—		—
Credit card		—		—		—		—		—
Other consumer loans and leases		—		—		—		—		—
Total loans and leases serviced for others		56,496		55,241		53,408		52,318		51,367
Total loans and leases serviced	$	135,765	$	135,427	$	132,620	$	131,189	$	130,889

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

28

Fifth Third Bancorp and Subsidiaries

Regulatory Capital (a)

$ in millions

(unaudited)

	As of
	March 2011			December 2010			September 2010			June 2010			March 2010
Tier I Capital:
Bancorp shareholders’ equity	$	12,163		$	14,051		$	13,884		$	13,701		$	13,408
Goodwill and certain other intangibles		(2,557	)		(2,546	)		(2,525	)		(2,537	)		(2,556	)
Unrealized (gains) losses		(263	)		(314	)		(432	)		(440	)		(288	)
Qualifying trust preferred securities		2,763			2,763			2,763			2,763			2,763
Other		12			11			8			(25	)		(30	)
Total tier I capital	$	12,118		$	13,965		$	13,698		$	13,462		$	13,297
Total risk-based capital:
Tier I capital	$	12,118		$	13,965		$	13,698		$	13,462		$	13,297
Qualifying allowance for credit losses		1,264			1,278			1,265			1,267			1,277
Qualifying subordinated notes		2,780			2,930			3,114			3,012			2,843
Total risk-based capital	$	16,162		$	18,173		$	18,077		$	17,741		$	17,417
Risk-weighted assets (b)	$	99,240		$	100,193		$	98,904		$	98,604		$	99,281
Ratios:
Average shareholders’ equity to average assets		11.77	%		12.52	%		12.38	%		12.04	%		11.92	%
Regulatory capital:
Fifth Third Bancorp
Tier I capital		12.21	%		13.94	%		13.85	%		13.65	%		13.39	%
Total risk-based capital		16.29	%		18.14	%		18.28	%		17.99	%		17.54	%
Tier I leverage		11.20	%		12.79	%		12.54	%		12.24	%		12.00	%
Tier I common equity		9.00	%		7.50	%		7.34	%		7.17	%		6.96	%
Fifth Third Bank
Tier I capital		13.63	%		13.18	%		14.48	%		14.23	%		13.88	%
Total risk-based capital		15.50	%		15.17	%		16.49	%		16.24	%		15.88	%
Tier I leverage		12.48	%		12.08	%		13.10	%		12.75	%		12.41	%
Tier I common equity		13.62	%		13.18	%		14.48	%		14.23	%		13.88	%

(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.

29

Fifth Third Bancorp and Subsidiaries

Summary of Credit Loss Experience

$ in millions

(unaudited)

	For the Three Months Ended
	March 2011			December 2010			September 2010			June 2010			March 2010
Average loans and leases (excluding held for sale):
Commercial and industrial loans	$	27,331		$	26,338		$	26,344		$	26,176		$	26,294
Commercial mortgage loans		10,685			10,985			11,375			11,659			11,708
Commercial construction loans		2,030			2,171			2,885			3,160			3,700
Commercial leases		3,364			3,314			3,257			3,336			3,467
Residential mortgage loans		9,282			8,382			7,837			7,805			7,976
Home equity		11,376			11,655			11,897			12,102			12,338
Automobile loans		11,070			10,825			10,517			10,170			10,185
Credit card		1,852			1,844			1,838			1,859			1,940
Other consumer loans and leases		646			722			667			706			773
Total average loans and leases (excluding held for sale)	$	77,636		$	76,236		$	76,617		$	76,973		$	78,381
Losses charged off:
Commercial and industrial loans	($	90	)	($	98	)	($	247	)	($	111	)	($	175	)
Commercial mortgage loans		(58	)		(83	)		(271	)		(85	)		(102	)
Commercial construction loans		(27	)		(15	)		(126	)		(45	)		(80	)
Commercial leases		(1	)		(1	)		(1	)		(1	)		(4	)
Residential mortgage loans		(67	)		(63	)		(205	)		(85	)		(88	)
Home equity		(66	)		(68	)		(69	)		(64	)		(75	)
Automobile loans		(28	)		(28	)		(27	)		(32	)		(44	)
Credit card		(33	)		(35	)		(38	)		(44	)		(46	)
Other consumer loans and leases		(27	)		(8	)		(8	)		(5	)		(8	)
Total losses		(397	)		(399	)		(992	)		(472	)		(622	)
Recoveries of losses previously charged off:
Commercial and industrial loans		7			13			10			7			14
Commercial mortgage loans		4			3			3			7			3
Commercial construction loans		1			4			5			2			2
Commercial leases		—			4			—			1			—
Residential mortgage loans		2			1			1			—			—
Home equity		3			3			3			3			2
Automobile loans		8			9			10			12			13
Credit card		2			2			2			2			2
Other consumer loans and leases		3			4			2			4			4
Total recoveries		30			43			36			38			40
Net losses charged off:
Commercial and industrial loans		(83	)		(85	)		(237	)		(104	)		(161	)
Commercial mortgage loans		(54	)		(80	)		(268	)		(78	)		(99	)
Commercial construction loans		(26	)		(11	)		(121	)		(43	)		(78	)
Commercial leases		(1	)		3			(1	)		—			(4	)
Residential mortgage loans		(65	)		(62	)		(204	)		(85	)		(88	)
Home equity		(63	)		(65	)		(66	)		(61	)		(73	)
Automobile loans		(20	)		(19	)		(17	)		(20	)		(31	)
Credit card		(31	)		(33	)		(36	)		(42	)		(44	)
Other consumer loans and leases		(24	)		(4	)		(6	)		(1	)		(4	)
Total net losses charged off	($	367	)	($	356	)	($	956	)	($	434	)	($	582	)
Net charge-off Ratios:
Commercial and industrial loans		1.22	%		1.27	%		3.57	%		1.58	%		2.49	%
Commercial mortgage loans		2.04	%		2.86	%		9.34	%		2.68	%		3.42	%
Commercial construction loans		5.24	%		1.88	%		16.58	%		5.46	%		8.57	%
Commercial leases		0.04	%		(0.34	%)		0.10	%		(0.01	%)		0.44	%
Residential mortgage loans		2.82	%		2.93	%		10.37	%		4.35	%		4.46	%
Home equity		2.23	%		2.20	%		2.19	%		2.03	%		2.38	%
Automobile loans		0.73	%		0.68	%		0.65	%		0.80	%		1.27	%
Credit card		6.60	%		7.12	%		7.68	%		9.05	%		9.23	%
Other consumer loans and leases		17.16	%		4.09	%		3.88	%		0.31	%		2.07	%
Total net charge-off ratio		1.92	%		1.86	%		4.95	%		2.26	%		3.01	%

30

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	March 2011			December 2010			September 2010			June 2010			March 2010
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	3,004		$	3,194		$	3,693		$	3,802		$	3,749
Impact of change in accounting principle		—			—			—			—			45
Total net losses charged off		(367	)		(356	)		(956	)		(434	)		(582	)
Provision for loan and lease losses		168			166			457			325			590
Allowance for loan and lease losses, ending	$	2,805		$	3,004		$	3,194		$	3,693		$	3,802
Reserve for unfunded commitments, beginning	$	227		$	231		$	254		$	260		$	294
Impact of change in accounting principle		—			—			—			—			(43	)
Provision for unfunded commitments		(16	)		(4	)		(23	)		(6	)		9
Reserve for unfunded commitments, ending	$	211		$	227		$	231		$	254		$	260
Components of allowance for credit losses:
Allowance for loan and lease losses	$	2,805		$	3,004		$	3,194		$	3,693		$	3,802
Reserve for unfunded commitments		211			227			231			254			260
Total allowance for credit losses	$	3,016		$	3,231		$	3,425		$	3,947		$	4,062
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	477		$	473		$	525		$	731		$	746
Commercial mortgage loans		415			407			464			773			853
Commercial construction loans		159			182			211			383			479
Commercial leases		11			11			30			45			55
Residential mortgage loans		140			152			124			282			266
Home equity		24			23			23			21			23
Automobile loans		1			1			1			1			1
Other consumer loans and leases		60			84			—			—			—
Total nonaccrual portfolio loans and leases		1,287			1,333			1,378			2,236			2,423
Restructured loans and leases - commercial (non accrual)		149			141			31			48			39
Restructured loans and leases - consumer (non accrual)		209			206			175			246			271
Total nonperforming portfolio loans and leases		1,645			1,680			1,584			2,530			2,733
Repossessed personal property		20			27			29			16			21
Other real estate owned		461			467			469			423			375
Total nonperforming assets (a)		2,126			2,174			2,082			2,969			3,129
Nonaccrual loans held for sale		184			247			680			163			239
Restructured loans - commercial (non accrual) held for sale		32			47			19			4			4
Total nonperforming assets including loans held for sale	$	2,342		$	2,468		$	2,781		$	3,136		$	3,372
Restructured Consumer loans and leases (accrual)	$	1,564		$	1,560		$	1,588		$	1,602		$	1,480
Restructured Commercial loans and leases (accrual)	$	243		$	228		$	146		$	113		$	76
Ninety days past due loans and leases:
Commercial and industrial loans	$	8		$	16		$	29		$	48		$	63
Commercial mortgage loans		8			11			29			53			44
Commercial construction loans		23			3			5			37			9
Commercial leases		—			—			1			4			4
Total commercial loans and leases		39			30			64			142			120
Residential mortgage loans		98			100			111			107			157
Home equity		84			89			87			90			89
Automobile loans		9			13			13			12			13
Credit card		36			42			42			46			57
Other consumer loans and leases		—			—			—			—			—
Total consumer loans and leases		227			244			253			255			316
Total ninety days past due loans and leases	$	266		$	274		$	317		$	397		$	436
Ratios
Net losses charged off as a percent of average loans and leases		1.92	%		1.86	%		4.95	%		2.26	%		3.01	%
Allowance for loan and lease losses:
As a percent of loans and leases		3.62	%		3.88	%		4.20	%		4.85	%		4.91	%
As a percent of nonperforming loans and leases (a)		170	%		179	%		202	%		146	%		139	%
As a percent of nonperforming assets (a)		132	%		138	%		153	%		124	%		122	%
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned (a)		2.11	%		2.15	%		2.07	%		3.30	%		3.51	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (a)		2.73	%		2.79	%		2.72	%		3.87	%		4.02	%
Nonperforming assets as a percent of total loans, leases and other assets, including other real estate owned		2.96	%		3.08	%		3.51	%		3.98	%		4.24	%

(a) Does not include nonaccrual loans held for sale

31

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ and shares in millions

(unaudited)

	For the Three Months Ended
	March 2011			December 2010			September 2010			June 2010			March 2010
Total Bancorp shareholders’ equity (U.S. GAAP)		12,163			14,051			13,884			13,701			13,408
Less:
Preferred stock		(398	)		(3,654	)		(3,642	)		(3,631	)		(3,620	)
Goodwill		(2,417	)		(2,417	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(55	)		(62	)		(72	)		(83	)		(94	)
Tangible common equity, including unrealized gains / losses (a)		9,293			7,918			7,753			7,570			7,277
Less: Accumulated other comprehensive income / loss		(263	)		(314	)		(432	)		(440	)		(288	)
Tangible common equity, excluding unrealized gains / losses (b)		9,030			7,604			7,321			7,130			6,989
Add back: Preferred stock		398			3,654			3,642			3,631			3,620
Tangible equity (c)		9,428			11,258			10,963			10,761			10,609
Total assets (U.S. GAAP)		110,485			111,007			112,322			112,025			112,651
Less:
Goodwill		(2,417	)		(2,417	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(55	)		(62	)		(72	)		(83	)		(94	)
Tangible assets, including unrealized gains / losses (d)		108,013			108,528			109,833			109,525			110,140
Less: Accumulated other comprehensive income / loss, before tax		(405	)		(483	)		(665	)		(677	)		(443	)
Tangible assets, excluding unrealized gains / losses (e)		107,608			108,045			109,168			108,848			109,697
Total Bancorp shareholders’ equity (U.S. GAAP)		12,163			14,051			13,884			13,701			13,408
Goodwill and certain other intangibles		(2,557	)		(2,546	)		(2,525	)		(2,537	)		(2,556	)
Unrealized gains		(263	)		(314	)		(432	)		(440	)		(288	)
Qualifying trust preferred securities		2,763			2,763			2,763			2,763			2,763
Other		12			11			8			(25	)		(30	)
Tier I capital		12,118			13,965			13,698			13,462			13,297
Less:
Preferred stock		(398	)		(3,654	)		(3,642	)		(3,631	)		(3,620	)
Qualifying trust preferred securities		(2,763	)		(2,763	)		(2,763	)		(2,763	)		(2,763	)
Qualifying noncontrolling interest in consolidated subsidiaries		(30	)		(30	)		(30	)		—			—
Tier I common equity (f)		8,927			7,518			7,263			7,068			6,914
Common shares outstanding (g)		919			796			796			796			795
Risk-weighted assets, determined in accordance with prescribed regulatory requirements (h)		99,240			100,193			98,904			98,604			99,281
Ratios:
Tangible equity (c) / (e)		8.76	%		10.42	%		10.04	%		9.89	%		9.67	%
Tangible common equity (excluding unrealized gains/losses) (b) / (e)		8.39	%		7.04	%		6.70	%		6.55	%		6.37	%
Tangible common equity (including unrealized gains/losses) (a) / (d)		8.60	%		7.30	%		7.06	%		6.91	%		6.61	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (b) / (h)		9.10	%		7.59	%		7.40	%		7.23	%		7.04	%
Tangible book value per share (a) / (g)		10.11			9.94			9.74			9.51			9.16
Tier I common equity (f) / (h)		9.00	%		7.50	%		7.34	%		7.17	%		6.96	%

32

Fifth Third Bancorp and Subsidiaries

Segment Presentation

$ in millions

(unaudited)

For the three months ended March 31, 2011	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		333			336			93			28			94			884
Provision for loan and lease losses		(152	)		(113	)		(97	)		(5	)		199			(168	)
Net interest income after provision for loan and lease losses		181			223			(4	)		23			293			716
Total noninterest income		175			201			116			98			(6	)		584
Total noninterest expense		(274	)		(392	)		(157	)		(107	)		12			(918	)
Net income before taxes		82			32			(45	)		14			299			382
Applicable income taxes (a)		7			(11	)		16			(5	)		(124	)		(117	)
Net income		89			21			(29	)		9			175			265
Net income (loss) attributable to noncontrolling interest		—			—			—			—			—			—
Net income attributable to Bancorp		89			21			(29	)		9			175			265
Dividends on preferred stock		—			—			—			—			177			177
Net income available to common shareholders		89			21			(29	)		9			(2	)		88
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 (loss) 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	)

(a) Includes taxable equivalent adjustments of $5 million for the three months ended March 31, 2011 and December 31, 2010, $4 million for the three months ended September 30, 2010, $5 million for the three months ended June 30, 2010 and $4 million for the three months ended March 31, 2010.

33

EX-99.2

Fifth Third Bank | All Rights Reserved

1Q11 Earnings Conference Call

April 21, 2011

Please refer to earnings release dated April 21, 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

1Q11 in review

Credit continuing to improve

•

Net charge-offs

of

$367mm

(1.92%

of

loans

and

leases)

vs.

4Q10

NCOs of $356mm (1.86% of loans and leases)

•

Total

NPAs

of

$2.3B

including

held-for-sale

declined

$126mm

or

5%

sequentially

to

lowest

level

since

2Q08 

–

Total delinquencies down 12% sequentially (lowest level since

2006)

•

Provision expense of $168mm, reduction in allowance of $199mm

•

Loan

loss

allowance

of

3.62%;

coverage

132%

of

NPAs

and

170%

of

NPLs

and

1.9x

annualized

first

quarter

net

charge-offs

Actions driving progress

•

Focusing on credit quality, portfolio management, and loss mitigation

strategies

•

Executing on customer experience and employee engagement

initiatives

•

Enhancing breadth and profitability of offerings and relationships

•

Exit from all crisis-era government programs

Continued strong operating results

•

Net income available to common shareholders of $88mm, or $0.10 per

diluted share

–

Net income reduced by $153mm of discount accretion recorded

in preferred dividends accelerated by February repurchase of

$3.4B in TARP CPP Preferred Stock; $0.17 per share impact

•

Average loan and lease balances excluding held-for-sale up 2%

sequentially; period end loans and leases flat sequentially

•

Return on average assets of 1.0%

•

Strong capital ratios: Tier 1 common 9.0%, Tier 1 capital ratio 12.2%,

Total capital ratio 16.3%*

* Current period regulatory capital data ratios are estimated

4

Fifth Third Bank | All Rights Reserved

Financial summary

•

1Q11 earnings of $0.10 per diluted share reduced by $153mm ($0.17 per share) of discount accretion

recorded in preferred dividends accelerated by February repurchase of $3.4B in TARP CPP Preferred Stock

•

Return on average assets of 1.0%

•

Decline

in

net

interest

income

and

net

interest

margin

driven

by

two

fewer

days

in

quarter;

debt

issuance

for

TARP repayment; lower mortgage warehouse HFS balances; and 4Q10 FTPS, LLC loan refinancing

–

Average core deposits up 1% sequentially, reflecting higher DDA balances and decline in consumer

CDs

–

Average

loans

up

2%

sequentially,

reflecting

strength

in

C&I

and

auto

loans

Actual

Seq.

YOY

($ in millions)

1Q10

4Q10

1Q11

$

%

$

%

Average Balances

Commercial loans

$45,169

$42,808

$43,410

$602

1%

($1,759)

(4%)

Consumer loans

33,212

33,428

34,226

798

2%

1,014

3%

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

$78,381

$76,236

$77,636

$1,400

2%

($745)

(1%)

Core deposits

$76,262

$76,454

$77,524

$1,070

1%

$1,262

2%

Income Statement Data

Net interest income (taxable equivalent)

$901

$919

$884

($35)

(4%)

($17)

(2%)

Provision for loan and lease losses

590

166

168

2

1%

(422)

(72%)

Noninterest income

627

656

584

(71)

(11%)

(43)

(7%)

Noninterest expense

956

987

918

(69)

(7%)

(38)

(4%)

Net Income (loss)

($10)

$334

$265

($69)

(20%)

$275

NM

Diluted earnings after preferred dividends

($72)

$270

$88

($182)

(67%)

$161

NM

Pre-provision net revenue

$568

$583

$545

($38)

(7%)

($23)

(4%)

Earnings per share, basic

($0.09)

$0.34

$0.10

($0.24)

(71%)

$0.19

NM

Earnings per share, diluted

($0.09)

$0.33

$0.10

($0.23)

(70%)

$0.19

NM

Net interest margin

3.63%

3.75%

3.71%

(4bps)

(1%)

8bps

2%

Return on average assets

(0.04%)

1.18%

0.97%

(21bps)

(18%)

101bps

NM

Net interest income

NII and NIM (FTE)

•

Sequential net interest income and net interest

margin (FTE) performance driven by lower

daycount, debt issuance for TARP repayment,

lower mortgage warehouse HFS balances, 4Q10

FTPS, LLC loan refinancing, and lower yields,

partially offset by deposit mix shift and pricing as

well as higher average total loan balances

–

NII down $35mm, or 4%, sequentially and

down $17mm, or 2%, year-over-year

–

NIM down 4 bps sequentially and up 8 bps

year-over-year

•

4Q10 FTPS, LLC loan refinancing represented

nearly half of decline in C&I loan yields

* Represents purchase accounting adjustments included in net interest income.

($mm)

Yield Analysis

Interest-earning assets

1Q10

4Q10

1Q11

Seq.

(bps)

YoY

(bps)

Commercial and industrial loans

4.61%

4.64%

4.45%

(19)

(16)

Commercial mortgage loans

4.20%

4.17%

4.11%

(6)

(9)

Commercial construction loans

2.92%

2.90%

3.15%

25

23

Commercial leases

4.54%

4.21%

4.17%

(4)

(37)

Residential mortgage loans

5.18%

4.64%

4.67%

3

(51)

Home equity

4.02%

3.98%

3.96%

(2)

(6)

Automobile loans

6.24%

5.41%

5.10%

(31)

(114)

Credit card

10.76%

10.55%

10.43%

(12)

(33)

Other consumer loans and leases

11.87%

18.68%

18.54%

(14)

667

Total loans and leases

4.87%

4.78%

4.67%

(11)

(20)

Taxable securities

4.28%

3.88%

3.96%

8

(32)

Tax exempt securities

3.65%

4.27%

4.77%

50

112

Other short-term investments

0.18%

0.25%

0.25%

-

7

Total interest-earning assets

4.62%

4.52%

4.47%

(5)

(15)

•

Yield on interest-earning assets declined 5 bps

sequentially and 15 bps year-over-year

Net Interest Income Reconciliation

($ in millions)

4Q10 NII (FTE)

$919

Daycount

(12)

FTPS loan restructuring

(8)

Lower mortgage warehouse

(8)

$1B debt issuance

(7)

1Q11 NII (FTE)

$884

5

Fifth Third Bank | All Rights Reserved

Balance sheet

•

C&I loans up 4% sequentially and 4% from the previous year

•

CRE loans down 3% sequentially and 17% from the previous year

•

Consumer loans up 2% sequentially and 3% from the previous year

•

Warehoused residential mortgage loans held-for-sale were $1.5B at quarter

end versus $2.3B at year-end

+2% QoQ;  (1%) YoY

+1% QoQ; +2% YoY

•

Core deposit to loan ratio of 100%, up from 97% in 1Q10

•

DDAs up 2% sequentially and 15% year-over-year

•

Retail average transaction deposits up 3% sequentially and 14% from the

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

checking account balances

•

Commercial average transaction deposits up 3% sequentially, driven by growth

in demand deposit and interest checking account balances

–

Excluding public funds balances, commercial average transaction deposits

increased 1% sequentially and 17% over prior year

Average loan growth ($B)^

Average core deposit growth ($B)

78

77

77

77

Average wholesale funding ($B)

19

20

•

Reduced

wholesale

funding

by

$3.8

billion

from

the

first

quarter

of

2010

–

Non-core deposits down 13% sequentially and 40% from the previous year

–

Short term borrowings down 8% sequentially and up 16% from the

previous year

–

Long-term debt flat sequentially and down 11% from the previous year

^ Excludes loans held-for-sale

Note: Numbers may not sum due to rounding

77

75

19

17

76

78

16

6

Fifth Third Bank | All Rights Reserved

7

Fifth Third Bank | All Rights Reserved

Noninterest income

•

Noninterest income of $584 million down $72 million, or 11%, from prior quarter; driven by lower mortgage banking

revenue and seasonally lower deposit service charges

–

Strong investment advisory results

–

Mortgage banking net revenue largely driven by increase in mortgage rates

•

Significant improvement

in

OREO

write-downs,

negative

fair

value

adjustments,

and

gains/losses

on

loan

sales

recorded in other noninterest income:

Noninterest income

Note: Numbers may not sum due to rounding

Actual

($ in millions)

1Q10

4Q10

1Q11

Gain / (loss) on sale of loans

25

21

17

Commercial loans HFS FV adjustment

(9)

(35)

(16)

Gain / (loss) on sale of OREO properties

(16)

(19)

(2)

Mortgage repurchase costs

-

(1)

(2)

Total credit-related revenue

($1)

($34)

($3)

Actual

Seq.

YOY

1Q10

4Q10

1Q11

$

%

$

%

($ in millions)

Service charges on deposits

$142

$140

$124

($15)

(11%)

($18)

(12%)

Corporate banking revenue

81

103

86

(18)

(17%)

5

6%

Mortgage banking revenue

152

149

102

(47)

(31%)

(50)

(33%)

Investment advisory services

91

93

98

4

5%

7

8%

Card and processing revenue

73

81

80

(1)

(1%)

7

10%

Other noninterest income

74

55

81

26

48%

7

8%

Securities gain (losses), net

14

21

8

(13)

(62%)

(5)

(43%)

Securities gains, net -

-

14

5

(8)

(60%)

5

NM

non-qualifying hedges on MSRs

Noninterest income

$627

$656

$584

($72)

(11%)

($43)

(7%)

8

Fifth Third Bank | All Rights Reserved

Noninterest expense

Noninterest expense

•

Noninterest expense of $918 million decreased $69 million, or 7%, compared with 4Q10, driven by a decrease in

revenue-based compensation and lower credit-related expenses

•

Credit related expenses declined:

Note: Numbers may not sum due to rounding

Actual

Seq.

YOY

1Q10

4Q10

1Q11

$

%

$

%

($ in millions)

Salaries, wages and incentives

$329

$385

$351

($33)

(9%)

$22

7%

Employee benefits

86

73

97

24

33%

11

13%

Net occupancy expense

76

76

77

1

1%

1

1%

Technology and communications

45

52

45

(7)

(13%)

0

-

Equipment expense

30

32

29

(3)

(8%)

(1)

(2%)

Card and processing expense

25

26

29

3

10%

4

17%

Other noninterest expense

365

343

290

(53)

(15%)

(74)

(21%)

Noninterest expense

$956

$987

$918

($69)

(7%)

($37)

(4%)

Actual

($ in millions)

1Q10

4Q10

1Q11

Mortgage repurchase expense

$39

$20

$8

Provision for unfunded commitments

9

(4)

(16)

Derivative valuation adjustments

8

(1)

(0)

OREO expense

6

11

13

Other work-out related expenses

29

27

26

Total credit-related operating expenses

$91

$53

$31

Pre-tax pre-provision earnings

Core PPNR trend

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

Core PPNR reconciliation

1Q10

2Q10

3Q10

4Q10

1Q11

Reported PPNR

$568

$567

$760

$583

$545

Adjustments remove benefit/detriment:

BOLI

-

-

(127)

-

-

Gain on sale of Visa shares

9

-

-

5 

9

Securities gains/losses

(14)

(8)

(4)

(21)

(8)

Other litigation reserve expense

4

3

-

-

-

FTPS warrants + puts

2

(10)

5

(3)

2

Extinguishment of FHLB funding

-

-

-

17

-

Adjusted PPNR

$569

$552

$634

$581

$548

Credit Related Items:

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

1

15

42

34

3

Problem asset work-out expenses

91

55

67

53

31

Credit adjusted PPNR

$661

$622

$743

$668

$582

•

Reported PPNR of $545 million down 7% from 4Q10 levels and down 4% over prior year

reflecting

lower

net

interest

income

and

noninterest

income,

partially

offset

by

improved

noninterest

expense

•

Adjusted PPNR of $548 million, including adjustments totaling $3

million, resulting in adjusted

sequential decrease of 6% and year-over-year decrease of 4%

9

Fifth Third Bank | All Rights Reserved

581

Strong capital position

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

Current period regulatory capital data ratios are estimated.

Tangible common equity ratio^

Tier I common equity

Tier I capital ratio

Total risk-based capital ratio

Fifth Third Bank | All Rights Reserved

10

Capital ratios strong and reflect TARP CPP redemption

Net charge-offs

Net charge-offs by loan type

Net charge-offs by geography

$582

$434

Net charge-offs ($mm)

$956

$356

NCOs

due to

3Q10

credit

actions

$mm

%

Commercial

$164

45%

Consumer

$203

55%

Total  

$367

100%

$367

Actual

Seq.

YOY

($ in millions)

1Q10

4Q10

1Q11

$

%

$

%

C&I

$161

$85

$83

($2)

(2%)

($78)

(48%)

Commercial mortgage

99

80

54

(26)

(33%)

(45)

(45%)

Commercial construction

78

11

26

15

136%

(52)

(67%)

Commercial lease

4

(3)

1

4

133%

(3)

(75%)

Commercial

$342

$173

$164

($9)

(5%)

($178)

(52%)

Residential mortgage loans

88

62

65

3

5%

(23)

(26%)

Home equity

73

65

63

(2)

(3%)

(10)

(14%)

Automobile

31

19

20

1

5%

(11)

(35%)

Credit card

44

33

31

(2)

(6%)

(13)

(30%)

Other consumer

4

4

24

20

500%

20

500%

Consumer

$240

$183

$203

$20

11%

($37)

(15%)

Total net charge-offs

$582

$356

$367

$11

3%

($215)

(37%)

Year-over-year charge-offs down significantly due to improving credit trends and effect of 3Q10 credit actions

$mm

%

Florida

$82

22%

Michigan

74

20%

Subtotal

$156

42%

Other

211

58%

Total

$367

100%

11

Fifth Third Bank | All Rights Reserved

Nonperforming assets

•

NPAs

of $2.1B excluding held-for-sale

•

Commercial

NPAs

of

$1.6B,

down

34%

from

the previous year

–

Homebuilder/developer

NPAs

of

$249mm; represent 12% of total NPAs

•

Consumer

NPAs

of

$538mm,

down

25%

from

the previous year

•

NPAs

in held-for-sale of $216mm

C&I / Lease

$643mm, 30%

CRE

$945mm, 44%

Residential

$409mm, 19%

Other Consumer

$129mm, 6%

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

NORTH

CAROLINA

OTHER /

NATIONAL

NPAs

exclude loans held-for-sale.

* Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from commercial and industrial loans to other consumer loans and leases

which occurred after the Bancorp's Form 8-K was filed on January 19, 2011.

Nonperforming assets ($mm)

$3,129

$2,969

Nonperforming assets continue to improve

$2,082

$2,174

$2,126

Fifth Third Bank | All Rights Reserved

12

13

Fifth Third Bank | All Rights Reserved

NPL Rollforward

Significant improvement in NPL inflows over past two years

Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from commercial and industrial loans to other consumer loans and leases

which occurred after the Bancorp's Form 8-K was filed on January 19, 2011.

NPL HFI Rollforward

Commercial

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

Beginning NPL Amount

1,406

1,937

2,110

2,430

2,392

2,172

1,980

1,261

1,214

New nonaccrual loans

799

544

832

602

405

310

290

224

299

Paydowns, payoffs, sales and net other activity

(157)

(190)

(246)

(332)

(425)

(402)

(630)

(168)

(199)

Charge-offs

(111)

(181)

(266)

(308)

(200)

(100)

(379)

(103)

(103)

Ending Commercial NPL

1,937

2,110

2,430

2,392

2,172

1,980

1,261

1,214

1,211

Consumer

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

Beginning NPL Amount

457

459

477

517

555

561

550

323

466

New nonaccrual loans

157

125

160

152

137

205

157

243

113

Net other activity

(155)

(107)

(120)

(114)

(131)

(216)

(384)

(100)

(145)

Ending Consumer NPL

459

477

517

555

561

550

323

466

434

Total NPL

2,396

2,587

2,947

2,947

2,733

2,530

1,584

1,680

1,645

Total

new

nonaccrual

loans

-

HFI

956

669

992

754

542

515

447

467

412

Non-performing loans

Non-performing loans ($mm)

$2.7B

$2.5B

Non-performing loans improving with lower

severity mix; benefit of sales/transfers

$1.6B

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 down significantly

$1.7B

* 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

^ Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from commercial and industrial loans to other consumer loans and leases which occurred after the

Bancorp's Form 8-K was filed on January 19, 2011.

FITB

ex-HFS

$1.6B

14

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 $209mm were nonaccruals

—

$1.1B of TDRs are current and have been on the

books 6 or more months; within that, nearly $890mm

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 4Q10

Mortgage TDR 60+ redefault trend by vintage*

1Q08      5%

2Q08    10%

3Q08      9%

4Q08    10%

1Q09    10%    

2Q09    11%

Months since modification

Mortgage TDR 60+ redefault rate: Fifth Third comparison

(January 1, 2008 through December 2010)*

Fannie Mae

Industry

portfolio loans

Fifth Third

Volume by

vintage

Freddie Mac

3Q09    11%

Current consumer TDRs (%)

4Q09      9%

$1.1

billion

2008

2009

1Q10      9%

2Q10      6%

* Fifth Third data includes changes made to align with OCC/OTS methodology (i.e. excludes government loans, closed loans and OREO from calculations)

15

Fifth Third Bank | All Rights Reserved

3Q10      6%

Strong relative credit trends

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%

2Q11

expect

down

2.3%*

Before credit

actions

16

Fifth Third Bank | All Rights Reserved

FITB credit metrics are now generally better than peers

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

Strong reserve position

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

1Q11 coverage ratios strong

relative to peers (4Q10)

Industry leading reserve levels

Fifth Third

(1Q11)

Peer Average

(4Q10)

17

Fifth Third Bank | All Rights Reserved

18

Fifth Third Bank | All Rights Reserved

Well-positioned for the future

•

Holding company cash currently sufficient for approximately 2 years of obligations; no holding company or Bank debt

maturities until 2013

•

Fifth Third has 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

•

NCOs below 2%; 1.9x reserves / annualized NCOs

•

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

•

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 (149% PPNR / NCOs in 1Q11)

•

1.0% ROAA in 1Q11

Strong industry leader in earnings power

19

Fifth Third Bank | All Rights Reserved

Appendix

20

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

ROA 

Asset Quality:

Net charge-offs

Loan loss allowance 

Nonperforming assets^

Capital

Ratios

#

:

Tier I common equity

Tier I leverage

Tier I capital

Total risk-based capital

Category

Fifth Third: Second quarter 2011 outlook

2Q11 Outlook; 2H11

$79.4 billion

$77.5 billion

Up vs. 1Q11 (daycount +$6mm); up 2H11

Relatively stable vs. 1Q11; up 2H11

Consistent with 1Q11

Increase modestly

Similar to 1Q11

~1%

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.

# Current period regulatory capital data ratios are estimated

1Q11 Actual Results

Outlook as of April

20,

2011

Up modestly

Relatively stable

Lower ($330-350mm range); <1.5% 2H11

Lower

Lower

Building

$884 million

3.71%

$584 million

$918 million

$545 million

1.0%

9.0%

11.2%

12.2%

16.3%

$367 million

$2.8 billion (3.62%)

$2.1 billion (2.73%)

21

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)

•

1Q11 debit interchange revenue of $54mm

•

1Q11 debit interchange $ volume: $4.1B

–

Signature $3.3B, PIN $.8B

•

1Q11 debit interchange transaction volume:

109mm

–

Signature 89mm, PIN 20mm

•

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

1Q11

was

109

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): ~$96B

•

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

•

Impact

fully

absorbed

in

run-rate

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.

Strong liquidity profile

Retail Brokered CD maturities: $218mm in 2011

FHLB borrowings $1.6B

3/31 unused avail. capacity $28B ($21B in Fed and $7B in FHLB)

Holding Company cash at 3/31/11: $1.3B

Expected cash obligations over the next 12 months

—

$0 debt maturities

—

~$221mm common dividends (at $0.06 per share)

—

~$35mm Series G preferred dividends

—

~$392mm interest and other expenses

Cash currently sufficient to satisfy all fixed obligations * over

the next 21 months (debt maturities, common and preferred

dividends, interest and other expenses) without accessing

capital markets; relying on dividends from subsidiaries;

proceeds from asset sales

Bank

unsecured

debt

maturities

($mm

–

excl.

Brokered

CDs)

Heavily core funded

Holding company unsecured debt maturities ($mm)

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

S-T

wholesale

5%

2017 on

22

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

Virtually all sold loans and new claims relate to GSEs

or

GNMA

—

98% of outstanding balance of loans sold

—

92% of outstanding claims

Losses remain focused in 2006 thru 2008 vintages.

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)

1Q10

2Q10

3Q10

4Q10

1Q11

Beginning balance

$58

$84

$85

$103

$101

Net reserve additions

39

19

47

21

10

Repurchase losses

(13)

(18)

(29)

(23)

(23)

Ending balance

$84

$85

$103

$101

$88

Outstanding Counterparty Claims ($ in millions)

Outstanding Balance of Sold Loans ($ in millions)

2005 and prior

GSE

GNMA

Private

Total

$8,876

$325

$648

$9,850

2006

2,036

69

309

2,414

2007

3,331

101

272

3,705

2008

3,460

802

3

4,262

2009 and later

27,432

7,782

1

32,214

Total

$45,135

$9,079

$1,233

$55,447

*

Includes

reps

and

warranty

reserve

($73mm)

and

reserve

for

loans

sold

with

recourse

($14mm).

23

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

Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from commercial and industrial loans to other consumer loans and leases

which occurred after the Bancorp's Form 8-K was filed on January 19, 2011.

24

Fifth Third Bank | All Rights Reserved

25

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

Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from commercial and industrial loans to other consumer loans and leases

which occurred after the Bancorp's Form 8-K was filed on January 19, 2011.

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$26,131

$26,008

$26,302

$27,191

$27,344

90+ days delinquent

$63

$49

$28

$16

$8

as % of loans

0.24%

0.19%

0.11%

0.06%

0.03%

NPAs

$788

$792

$594

$612

$620

as % of loans

3.02%

3.05%

2.26%

2.25%

2.27%

Net charge-offs

$161

$104

$237

$85

$83

as % of loans

2.49%

1.58%

3.57%

1.27%

1.22%

C&I

Commercial & industrial*

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & industrial loans represented 35% of total loans

and 23% of net charge-offs

•

47% of 1Q11 losses on loans to companies in real estate

related industries

–

Loans to real estate related industries of $2.8B (10%);

1Q11 NCO ratio of 5.52%

•

FL represented 23% of 1Q11 losses, 7% of loans; MI

represented 34% of losses, 12% of loans

* NPAs exclude loans held-for-sale.

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

Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from

commercial and industrial loans to other consumer loans and leases which occurred after the Bancorp's Form 8-K was

filed on January 19, 2011.

Non-core:

$108

Core:

$129

Core NCO Rate:

1.94%

3Q10 NCO Breakout

26

Fifth Third Bank | All Rights Reserved

27

Fifth Third Bank | All Rights Reserved

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$11,744

$11,481

$10,985

$10,845

$10,510

90+ days delinquent

$44

$53

$29

$11

$8

as % of loans

0.38%

0.46%

0.26%

0.10%

0.08%

NPAs

$1,002

$956

$679

$679

$696

as % of loans

8.53%

8.33%

6.19%

6.26%

6.63%

Net charge-offs

$99

$78

$268

$79

$54

as % of loans

3.42%

2.68%

9.34%

2.86%

2.04%

Commercial mortgage

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 15% of net charge-offs

•

Owner occupied 1Q11 NCO ratio of 1.4%, other non-owner

occupied 1Q11 NCO ratio of 2.7%

•

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

portfolio losses in 1Q11

Non-core:

$202

Core:

$66

Core NCO Rate:

2.30%

3Q10 NCO Breakout

28

Fifth Third Bank | All Rights Reserved

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$3,277

$2,965

$2,349

$2,048

$1,980

90+ days delinquent

$9

$37

$5

$3

$23

as % of loans

0.28%

1.24%

0.21%

0.13%

1.16%

NPAs

$569

$482

$291

$259

$248

as % of loans

17.36%

16.26%

12.40%

12.65%

12.53%

Net charge-offs

$78

$43

$121

$10

$26

as % of loans

8.57%

5.46%

16.58%

1.88%

5.24%

Commercial construction

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 7% of net charge-offs

•

Loans from FL/MI represented 32% of portfolio loans, 17% of

portfolio losses in 1Q11

Non-core:

$77

Core:

$44

Core NCO Rate:

5.99%

3Q10 NCO Breakout

30

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$1,324

$1,207

$824

$699

$651

90+ days delinquent

$6

$12

$3

$1

$1

as % of loans

0.43%

1.03%

0.37%

0.12%

0.16%

NPAs

$520

$431

$280

$259

$249

as % of loans

39.28%

35.68%

33.97%

37.12%

38.30%

Net charge-offs

$81

$48

$127

$19

$22

as % of loans

22.89%

15.01%

48.74%

10.08%

13.04%

Homebuilders/developers

Homebuilders/developers*

Loans by geography

Credit trends

Loans by industry

Comments

•

Originations of builder/developer loans suspended in 2007

•

Remaining portfolio balance of $651mm, down 80% from peak

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

and 1.5% of commercial loans

•

$22mm of NCOs (27% commercial mortgage, 67% commercial

construction, 6% C&I)

•

$249mm of NPAs (65% commercial mortgage, 30%

commercial construction, 5% C&I), down $10mm 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

Fifth Third Bank | All Rights Reserved

30

Fifth Third Bank | All Rights Reserved

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$7,918

$7,707

$7,975

$8,956

$9,530

90+ days delinquent

$157

$107

$111

$100

$98

as % of loans

1.98%

1.38%

1.39%

1.12%

1.03%

NPAs

$521

$549

$328

$368

$338

as % of loans

6.57%

7.12%

4.11%

4.11%

3.55%

Net charge-offs

$88

$85

$204

$62

$65

as % of loans

4.46%

4.35%

10.37%

2.93%

2.82%

Residential mortgage

Residential mortgage

1

liens: 100%; weighted average LTV: 74.7%

Weighted average origination FICO: 743

Origination

FICO

distribution:

<660

8%;

660-689

6%;

690-719

10%; 720-749 14%; 750+ 45%; Other^ 16%

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

Origination LTV distribution: <=70 33%; 70.1-80 40%; 80.1-90 8%;

90.1-95 5%; >95 14%

Vintage distribution: 2011 9%; 2010 27%; 2009 6%; 2008 8%; 2007

10%; 2006 9%; 2005 15%; 2004 and prior 16%

% 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 19% of residential mortgage loans driving 57% of

portfolio losses

•

FL lots ($184mm) running at 32% annualized loss rate (YTD)

Non-core:

$123

Core:

$81

Core NCO Rate:

4.10%

3Q10 NCO Breakout

st

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$10,280

$10,149

$10,004

$9,815

9,585

90+ days delinquent

$60

$61

$61

$59

$59

as % of loans

0.58%

0.60%

0.61%

0.60%

0.62%

Net charge-offs

$43

$37

$40

$40

$39

as % of loans

1.68%

1.45%

1.57%

1.61%

1.64%

Home equity - direct

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$1,906

$1,838

$1,770

$1,698

1,637

90+ days delinquent

$29

$29

$26

$25

$25

as % of loans

1.53%

1.57%

1.46%

1.46%

1.51%

Net charge-offs

$30

$24

$26

$25

$24

as % of loans

6.45%

5.29%

5.87%

5.74%

5.88%

Home equity - brokered

Home equity

1  

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: 74% Origination CLTV distribution: <=70 39%; 70.1-80 22%;

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

Vintage distribution: 2011 1%; 2010 3%; 2009 4%; 2008 11%; 2007 11%; 2006

15%; 2005 14%; 2004 and prior 40%

% through broker channels: 15% WA FICO: 735 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 17% 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

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

31

Fifth Third Bank | All Rights Reserved

1    liens

st

st

nd

nd

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

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.

Weak commercial real estate market

Losses due to significant declines in

valuations

Valuations; relatively small home

equity portfolio

32

Fifth Third Bank | All Rights Reserved

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

3.3

12%

109

18%

28

34%

Commercial mortgage

2.8

26%

160

23%

15

28%

Commercial construction

0.3

14%

29

12%

0

1%

Commercial lease

0.2

6%

8

35%

0

0%

Commercial

6.5

15%

307

19%

44

27%

Mortgage

1.4

15%

33

10%

8

12%

Home equity

2.3

21%

10

14%

14

23%

Auto

1.0

9%

3

17%

3

14%

Credit card

0.3

15%

11

20%

5

15%

Other consumer

0.1

14%

0

0%

1

3%

Consumer

5.1

15%

56

10%

31

15%

Total

11.7

15%

363

17%

74

20%

Michigan

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.

Negative impact from housing

valuations, economy,

unemployment

Economic weakness impacts

commercial real estate market

33

Fifth Third Bank | All Rights Reserved

EX-99.3

Exhibit 99.3

April 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
	March 31, 2011		December 31, 2010		September 30, 2010		June 30, 2010		March 31, 2010			December 31, 2009			September 30, 2009			June 30, 2009
Ratios (percent)
Return on assets		0.97		1.18		0.84		0.68		(0.04	)		(0.35	)		(0.34	)		3.05
Return on average common equity		3.1		10.4		6.8		5.2		(3.0	)		(6.3	)		(6.1	)		41.2
Average equity as a percent of average assets		11.77		12.52		12.38		12.04		11.92			12.31			12.24			10.78
Net interest margin (a)		3.71		3.75		3.70		3.57		3.63			3.55			3.43			3.26
Efficiency (a)		62.5		62.6		56.2		62.1		62.6			63.1			50.8			29.9
Net losses charged off as a percent of average loans and leases		1.92		1.86		4.95		2.26		3.01			3.62			3.75			3.08
Allowance for loan and lease losses as a percent of loans and leases		3.62		3.88		4.20		4.85		4.91			4.88			4.69			4.28
Allowance for credit losses as a percent of loans and leases		3.89		4.17		4.51		5.18		5.25			5.27			5.06			4.57
Nonperforming assets as a percent of loans, leases and other assets, including OREO (b)		2.73		2.79		2.72		3.87		4.02			4.22			4.09			3.48
Allowance for loan and lease losses as a percent of nonperforming assets (b)		131.94		138.18		153.41		124.40		121.50			115.55			114.30			122.71
Allowance for credit losses as a percent of nonperforming assets (b)		141.86		148.62		164.54		132.97		129.80			124.63			123.11			131.12
Common Share Data
Earnings per share	$	0.10	$	0.34	$	0.22	$	0.16	$	(0.09	)	$	(0.20	)	$	(0.20	)	$	1.35
Earnings per diluted share	$	0.10	$	0.33	$	0.22	$	0.16	$	(0.09	)	$	(0.20	)	$	(0.20	)	$	1.15
Cash dividends per common share		0.06		0.01		0.01		0.01		0.01			0.01			0.01			0.01
Book value per share		12.80		13.06		12.86		12.65		12.31			12.44			12.69			12.71
Common shares outstanding, excluding treasury		918,728,008		796,272,522		796,283,198		796,319,712		794,816,131			795,068,164			795,316,187			795,313,448
Market price per share:
High	$	15.75	$	15.11	$	13.81	$	15.95	$	14.05		$	10.92		$	11.20		$	9.15
Low		13.25		11.71		10.64		12.00		9.81			8.76			6.33			2.50
End of period		13.89		14.68		12.03		12.29		13.56			9.75			10.13			7.10
Supplemental Data
Common dividends declared ($ in millions)	$	55	$	8	$	8	$	8	$	8		$	8		$	8		$	8
Full-time equivalent employees		20,837		20,838		20,667		20,479		20,038			20,998			20,559			20,702
Banking centers		1,310		1,312		1,309		1,309		1,309			1,309			1,306			1,306
ATMs		2,453		2,445		2,390		2,362		2,364			2,358			2,372			2,355

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

(b) Excludes nonperforming assets held for sale.

Page 2

Quarterly Data

	Three Months Ended
	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010			December 31, 2009			September 30, 2009			June 30, 2009
Income Statement ($ in millions)
Interest income (FTE)	$	1,065		$	1,109		$	1,130		$	1,121		$	1,147		$	1,147		$	1,174		$	1,184
Interest expense		181			190			214			234			246			265			300			348
Net interest income (FTE)		884			919			916			887			901			882			874			836
Provision for loan and lease losses		168			166			457			325			590			776			952			1,041
Noninterest income:
Service charges on deposits		124			140			143			149			142			159			164			162
Investment advisory revenue		98			93			90			87			91			86			82			79
Corporate banking revenue		86			103			86			93			81			89			77			93
Mortgage banking net revenue		102			149			232			114			152			132			140			147
Card and processing revenue		80			81			77			84			73			76			74			243
Gain on sale of processing business		—			—			—			—			—			—			(6	)		1,764
Other noninterest income		81			55			195			85			74			107			312			49
Securities gains (losses), net		8			21			4			8			14			2			8			5
Securities gains, net - non-qualifying hedges on mortgage servicing rights		5			14			—			—			—			—			—			41
Total noninterest income		584			656			827			620			627			651			851			2,583
Noninterest expense:
Salaries, wages and incentives		351			385			360			356			329			331			335			346
Employee benefits		97			73			82			73			86			69			83			75
Net occupancy expense		77			76			72			73			76			75			75			79
Technology and communications		45			52			48			45			45			47			43			45
Equipment expense		29			32			30			31			30			31			30			31
Card and processing expense		29			26			26			31			25			27			25			75
Other noninterest expense		290			343			361			326			365			387			285			370
Total noninterest expense		918			987			979			935			956			967			876			1,021
Income (loss) before income taxes (FTE)		382			422			307			247			(18	)		(210	)		(103	)		1,357
Taxable equivalent adjustment		5			5			4			5			4			4			5			5
Income (loss) before income taxes		377			417			303			242			(22	)		(214	)		(108	)		1,352
Applicable income tax (benefit)		112			83			65			50			(12	)		(116	)		(11	)		470
Net income (loss)	$	265		$	334		$	238		$	192		$	(10	)	$	(98	)	$	(97	)	$	882
Less: Net income attributable to noncontrolling interests		—			1			—			—			—			—			—			—
Net income (loss) attribtable to Bancorp	$	265		$	333		$	238		$	192		$	(10	)	$	(98	)	$	(97	)	$	882
Dividends on preferred stock		177			63			63			62			62			62			62			26
Net income (loss) available to common shareholders	$	88		$	270		$	175		$	130		$	(72	)	$	(160	)	$	(159	)	$	856
Regulatory Capital Data ($ in millions) (a)
Tier I capital	$	12,118		$	13,965		$	13,698		$	13,462		$	13,297		$	13,428		$	13,574		$	13,742
Tier II capital		4,044			4,208			4,379			4,279			4,120			4,207			4,352			4,330
Total risk-based capital	$	16,162		$	18,173		$	18,077		$	17,741		$	17,417		$	17,648		$	17,926		$	18,072
Risk-weighted assets	$	99,240		$	100,193		$	98,904		$	98,604		$	99,281		$	100,933		$	102,875		$	106,538
Tier I capital ratio		12.21	%		13.94	%		13.85	%		13.65	%		13.39	%		13.30	%		13.19	%		12.90	%
Total risk-based capital ratio		16.29	%		18.14	%		18.28	%		17.99	%		17.54	%		17.48	%		17.43	%		16.96	%
Tier I leverage ratio		11.20	%		12.79	%		12.54	%		12.24	%		12.00	%		12.34	%		12.34	%		12.17	%
Tier I common equity ratio		9.00	%		7.50	%		7.34	%		7.17	%		6.96	%		6.99	%		7.01	%		6.94	%

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

Page 3

Quarterly Data

	As of
	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010			December 31, 2009			September 30, 2009			June 30, 2009
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,121		$	2,159		$	2,215		$	2,216		$	2,133		$	2,318		$	2,130		$	2,899
Available-for-sale and other securities		15,135			15,414			15,975			16,021			16,935			18,213			15,682			16,061
Held-to-maturity securities		346			353			354			354			355			355			356			357
Trading securities		216			294			320			270			305			355			1,079			1,354
Other short-term investments		2,481			1,515			3,271			4,322			3,904			3,369			1,126			513
Total cash and securities		20,299			19,735			22,135			23,183			23,632			24,610			20,373			21,184
Loans held for sale		1,291			2,216			2,733			2,150			1,607			2,067			2,063			3,341
Portfolio loans and leases		77,465			77,491			76,009			76,232			77,423			76,779			78,419			81,429
Total loans and leases		78,756			79,707			78,742			78,382			79,030			78,846			80,482			84,770
Allowance for loan and lease losses		(2,805	)		(3,004	)		(3,194	)		(3,693	)		(3,802	)		(3,749	)		(3,681	)		(3,485	)
Bank premises and equipment		2,389			2,389			2,377			2,374			2,384			2,400			2,426			2,440
Operating lease equipment		513			479			470			489			492			499			486			474
Goodwill		2,417			2,417			2,417			2,417			2,417			2,417			2,417			2,417
Intangible assets		55			62			72			83			94			106			119			133
Servicing rights		894			822			599			646			725			700			626			595
Other real estate owned		514			506			504			454			399			300			274			249
Other assets		7,453			7,894			8,200			7,690			7,280			7,251			7,218			7,207
Total assets	$	110,485		$	111,007		$	112,322		$	112,025		$	112,651		$	113,380		$	110,740		$	115,984
Liabilities
Deposits:
Demand	$	22,066		$	21,413		$	20,109		$	19,256		$	19,482		$	19,411		$	17,666		$	17,202
Interest checking		18,597			18,560			17,225			17,759			19,126			19,935			15,168			14,630
Savings		21,697			20,903			20,260			19,646			19,099			17,898			17,098			16,819
Money market		5,184			5,035			5,064			4,666			4,782			4,431			4,378			4,193
Foreign office		3,569			3,721			3,807			3,430			2,844			2,454			2,356			2,244
Other time		7,043			7,728			9,379			10,966			11,643			12,466			13,725			14,540
Certificates - $100,000 and over		4,160			4,287			5,515			6,389			6,596			7,700			8,962			10,688
Other foreign office		1			1			3			3			2			10			5			504
Total deposits		82,317			81,648			81,362			82,115			83,574			84,305			79,358			80,820
Federal funds purchased		332			279			368			240			271			182			433			435
Other short-term borrowings		1,297			1,574			1,775			1,556			1,359			1,415			3,674			6,802
Other liabilities		3,792			3,868			3,951			3,424			3,092			3,474			3,425			4,125
Long-term debt		10,555			9,558			10,953			10,989			10,947			10,507			10,162			10,102
Total liabilities		98,293			96,927			98,409			98,324			99,243			99,883			97,052			102,284
Equity
Common and preferred equity		12,025			13,867			13,584			13,395			13,321			13,457			13,603			13,752
Net unrealized gains (losses):
Available-for-sale securities		277			321			434			432			268			216			274			157
Qualifying cash flow hedges		58			67			73			84			98			105			108			95
Accumulated other comprehensive income related to employee benefit plans		(72	)		(74	)		(75	)		(76	)		(78	)		(80	)		(97	)		(100	)
Treasury stock, at cost		(125	)		(130	)		(132	)		(134	)		(201	)		(201	)		(200	)		(204	)
Total shareholders’ equity		12,163			14,051			13,884			13,701			13,408			13,497			13,688			13,700
Noncontrolling interest		29			29			29			—			—			—			—			—
Total Equity		12,192			14,080			13,913			13,701			13,408			13,497			13,688			13,700
Total liabilities & equity	$	110,485		$	111,007		$	112,322		$	112,025		$	112,651		$	113,380		$	110,740		$	115,984
Share Data
Preferred shares outstanding		16,450			152,771			152,771			152,771			152,771			152,771			152,771			152,771
Common shares outstanding, excluding treasury		918,728,008			796,272,522			796,283,198			796,319,712			794,816,131			795,068,164			795,316,187			795,313,448
Treasury shares held		5,164,573			5,231,665			5,220,989			5,184,475			6,688,056			6,436,023			6,188,001			6,190,740

Page 4

Quarterly Data

	Three Months Ended
	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010			December 31, 2009			September 30, 2009			June 30, 2009
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	79,379		$	79,148		$	78,854		$	78,807		$	80,136		$	79,920		$	82,889		$	84,995
Taxable securities		15,156			15,367			15,580			16,263			17,030			16,999			15,652			15,578
Tax exempt securities		197			268			273			343			385			727			1,443			1,443
Other short-term investments		1,937			2,431			3,456			4,285			3,144			1,143			969			742
Total interest-earning assets		96,669			97,214			98,163			99,698			100,695			98,789			100,953			102,758
Cash and due from banks		2,268			2,284			2,283			2,163			2,247			2,276			2,257			2,350
Other assets		14,897			15,449			15,088			14,550			14,262			14,084			13,724			13,907
Allowance for loan and lease losses		(2,990	)		(3,089	)		(3,680	)		(3,798	)		(3,771	)		(3,644	)		(3,481	)		(3,137	)
Total assets	$	110,844		$	111,858		$	111,854		$	112,613		$	113,433		$	111,505		$	113,453		$	115,878
Liabilities
Interest-bearing liabilities:
Interest checking	$	18,539		$	17,578		$	17,142		$	18,652		$	19,533		$	16,324		$	14,869		$	14,837
Savings		21,324			20,602			19,905			19,446			18,469			17,540			16,967			16,705
Money market		5,136			4,985			4,940			4,679			4,622			4,279			4,280			4,167
Foreign office		3,580			3,733			3,592			3,325			2,757			2,516			2,432			1,717
Other time		7,363			8,490			10,261			11,336			12,059			13,049			14,264			14,612
Certificates - $100,000 and over		4,226			4,858			6,096			6,354			7,049			8,200			10,055			11,455
Other foreign office		1			9			4			5			8			51			95			240
Federal funds purchased		310			376			302			264			220			423			404			542
Other short-term borrowings		1,638			1,728			1,880			1,478			1,449			3,029			5,285			8,002
Long-term debt		10,255			10,298			10,954			10,876			11,489			10,404			10,108			11,130
Total interest-bearing liabilities		72,372			72,657			75,076			76,415			77,655			75,815			78,759			83,407
Demand deposits		21,582			21,066			19,362			19,406			18,822			18,137			17,059			16,689
Other liabilities		3,809			4,099			3,544			3,229			3,438			3,829			3,750			3,292
Total liabilities		97,763			97,822			97,982			99,050			99,915			97,781			99,568			103,388
Equity		13,081			14,036			13,872			13,563			13,518			13,724			13,885			12,490
Total liabilities & equity	$	110,844		$	111,858		$	111,854		$	112,613		$	113,433		$	111,505		$	113,453		$	115,878
Average loans and leases (excluding held for sale)	$	77,636		$	76,236		$	76,617		$	76,973		$	78,381		$	77,601		$	80,060		$	81,573
Average common shares outstanding:
Basic		880,829,800			791,072,308			791,016,740			790,838,716			790,472,577			790,441,911			790,334,226			629,789,476
Diluted		894,841,321			836,224,575			797,492,107			802,254,845			790,472,577			790,441,911			790,334,226			718,245,141

Page 5

Quarterly Data

	Three Months Ended
	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010			December 31, 2009			September 30, 2009			June 30, 2009
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	27,431		$	27,274		$	26,502		$	26,011		$	26,134		$	25,687		$	26,215		$	28,419
Commercial mortgage		10,617			10,992			11,333			11,569			11,865			11,936			12,252			12,600
Commercial construction		2,020			2,111			2,500			3,042			3,396			3,871			4,268			4,641
Commercial leases		3,367			3,378			3,304			3,271			3,388			3,535			3,584			3,532
Subtotal - commercial		43,435			43,755			43,639			43,893			44,783			45,029			46,319			49,192
Consumer:
Residential mortgage		10,557			10,858			9,989			9,672			9,239			9,845			9,955			11,440
Home equity		11,222			11,513			11,774			11,987			12,186			12,174			12,377			12,511
Automobile loans		11,129			10,983			10,738			10,285			10,180			8,995			8,972			8,741
Credit card		1,821			1,896			1,832			1,841			1,863			1,990			1,973			1,914
Other consumer loans and leases		592			702			770			704			779			813			886			972
Subtotal - consumer		35,321			35,952			35,103			34,489			34,247			33,817			34,163			35,578
Total loans and leases	$	78,756		$	79,707		$	78,742		$	78,382		$	79,030		$	78,846		$	80,482		$	84,770
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	27,404		$	26,509		$	26,348		$	26,179		$	26,299		$	25,838		$	27,416		$	28,038
Commercial mortgage		10,816			11,276			11,462			11,772			11,836			12,126			12,449			12,668
Commercial construction		2,085			2,289			2,955			3,258			3,781			4,134			4,475			4,842
Commercial leases		3,364			3,314			3,257			3,336			3,468			3,574			3,522			3,512
Subtotal - commercial		43,669			43,388			44,022			44,545			45,384			45,672			47,862			49,060
Consumer:
Residential mortgage		10,736			10,693			9,897			9,390			9,478			10,141			10,820			11,669
Home equity		11,376			11,655			11,897			12,102			12,338			12,291			12,452			12,636
Automobile loans		11,070			10,825			10,517			10,170			10,185			8,973			8,871			8,692
Credit card		1,852			1,844			1,838			1,859			1,940			1,982			1,955			1,863
Other consumer loans and leases		676			743			683			741			811			861			929			1,075
Subtotal - consumer		35,710			35,760			34,832			34,262			34,752			34,248			35,027			35,935
Total average loans and leases	$	79,379		$	79,148		$	78,854		$	78,807		$	80,136		$	79,920		$	82,889		$	84,995
Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	1,287		$	1,333		$	1,378		$	2,236		$	2,423		$	2,642		$	2,704		$	2,387
Nonaccrual loans held for sale		184			247			680			163			239			220			286			352
Restructured loans - commercial (non accrual) held for sale		32			47			19			4			4			4			2			—
Restructured loans and leases (non accrual) portfolio		358			347			206			294			310			305			243			200
Other assets, including other real estate owned		481			494			498			439			396			297			273			253
Total nonperforming assets	$	2,342		$	2,468		$	2,781		$	3,136		$	3,372		$	3,468		$	3,508		$	3,192
Ninety days past due loans and leases	$	266		$	274		$	317		$	397		$	436		$	567		$	992		$	762
Nonperforming Loans ($ in millions) (non-accrual plus renegotiated)
Commercial and industrial loans and leases	$	652		$	753		$	769		$	800		$	828		$	840		$	826		$	673
Commercial mortgage		559			581			820			878			980			1,035			1,072			953
Commercial construction loans		208			258			371			469			606			741			820			837
Consumer mortgage and construction		261			268			208			435			408			412			379			360
Other consumer loans and leases		181			114			115			115			153			144			138			116
Total nonperforming loans and leases (including held for sale)	$	1,861		$	1,974		$	2,283		$	2,697		$	2,975		$	3,172		$	3,235		$	2,939
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(397	)	$	(399	)	$	(992	)	$	(472	)	$	(622	)	$	(743	)	$	(796	)	$	(658	)
Recoveries		30			43			36			38			40			35			40			32
Net losses charged off	$	(367	)	$	(356	)	$	(956	)	$	(434	)	$	(582	)	$	(708	)	$	(756	)	$	(626	)

Page 6