EX-99.2

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 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 Vantiv, LLC, formerly 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.

3Q11 in review

Credit continuing to improve

•

Net charge-offs of $262mm (1.32% of loans and leases) declined

$42mm, or 14%, sequentially to lowest level since 4Q07

•

Total NPAs of $2.1B including held-for-sale declined $123mm or 5%

sequentially to lowest level since 2Q08

•

Provision expense of $87mm, reduction in allowance of $175mm

•

Loan loss allowance 3.08% of loans; coverage 125% of NPAs, 158% of

NPLs, and 2.4x annualized third quarter net charge-offs

Actions driving progress

•

Focus 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 $373mm, or $0.40

per diluted share

•

Pre-provision net revenue^ of $617mm, flat sequentially

•

Period end loans and leases* up $1.2B (2%); average loans and

leases* up $683mm sequentially (1%)

•

1.3% ROA; 15% ROTCE^

•

Strong capital ratios: Tier 1 common 9.3%, Tier 1 capital ratio 12.0%,

Total capital ratio 16.3%**

•

Tangible book value per share^ growth 5% from 2Q11, 13% from 3Q10

^ Non-GAAP measure. See Reg. G reconciliation on slides 34-35.

* Excluding loans held-for-sale

** Current period regulatory capital data ratios are estimated

Financial summary

•

3Q11 earnings of $0.40 per diluted share driven by strong revenue and improved credit results

•

1.3% return on average assets; 15% return on average tangible common equity

•

Average transaction deposits up 1%; core deposits flat sequentially

•

Average loans* up 3% from 3Q10, reflecting strength in C&I and auto loans

Actual

Seq.

YOY

($ in millions)

3Q10

2Q11

3Q11

Average

Balances

Commercial loans*

$43,861

$43,570

$309

$18

Consumer loans*

32,756

34,367

34,741

374

1,985

Total loans & leases*

$76,617

$77,937

$78,620

$683

$2,003

Core deposits

$75,202

$78,244

$78,218

($26)

$3,016

Income

Statement

Data

Net interest income (taxable equivalent)

$916

$869

$902

$33

($14)

(2%)

Provision for loan and lease losses

457

113

(26)

(23%)

(370)

(81%)

Noninterest income

827

656

665

(162)

(20%)

Noninterest expense

979

901

946

(33)

(3%)

Net Income

$238

$337

$381

$44

13%

$143

60%

Net

income

available

common

shareholders

$175

$328

$373

$45

14%

$198

112%

Pre-provision net revenue^

$760

$619

$617

($2)

($143)

(19%)

Earnings per share, basic

$0.22

$0.36

$0.41

$0.05

14%

$0.19

86%

Earnings per share, diluted

$0.22

$0.35

$0.40

$0.05

14%

$0.18

82%

Net interest margin

3.70%

3.62%

3.65%

3bps

(5bps)

(1%)

Return on average assets

0.84%

1.22%

1.34%

12bps

10%

50bps

60%

Return on average tangible common equity^

9.4%

14.0%

14.9%

90bps

550bps

59%

^ Non-GAAP measure. See Reg. G reconciliation on slides 34-35.

* Excluding loans held-for-sale

$43,879

Net interest income

•

Sequential net interest income trends reflected growth in C&I, residential mortgage, auto, and

bankcard loan balances, as well as securities balances, which offset lower yields on loans and

securities

–

NII up $33mm, or 4%, sequentially and down $14mm, or 2%, year-over-year

–

NIM up 3 bps sequentially and down 5 bps year-over-year

•

Yield on interest-earning assets declined 9 bps sequentially and 29 bps year-over-year

–

Investment of excess cash in bankers acceptances ($617mm, up $62mm sequentially)

reduced reported C&I loan yields by ~6 bps

* Represents purchase accounting adjustments included in net interest income.

($mm)

Yield Analysis

Interest-earning assets

3Q10

2Q11

3Q11

(bps)

Commercial and industrial loans

4.81%

4.35%

4.29%

(6)

(52)

Commercial mortgage loans

3.97%

4.00%

3.94%

(6)

(3)

Commercial construction loans

3.06%

3.01%

3.02%

(4)

Commercial leases

4.34%

4.06%

3.87%

(19)

(47)

Residential mortgage loans

4.81%

4.54%

4.47%

(7)

(34)

Home equity

3.99%

3.91%

3.89%

(2)

(10)

Automobile loans

5.71%

4.81%

4.52%

(29)

(119)

Credit card

10.70%

9.91%

9.49%

(42)

(121)

Other consumer loans and leases

18.59%

22.02%

30.76%

874

1217

Total loans and leases

4.85%

4.54%

4.48%

(6)

(37)

Taxable securities

4.06%

3.97%

3.88%

(9)

(18)

Tax exempt securities

4.05%

6.41%

5.84%

(57)

179

Other short-term investments

0.36%

0.25%

(11)

Total interest-earning assets

4.57%

4.37%

4.28%

(9)

(29)

3.70%

3.75%

3.71%

3.62%

3.65%

$450

$550

$650

$750

$850

$950

3Q10

4Q10

1Q11

2Q11

3Q11

$916

$919

$884

$869

$902

NII and NIM (FTE)

Net Interest Income (right axis)

PAA*

NIM

2.0%

2.5%

3.0%

3.5%

4.0%

Seq.

YoY

Balance sheet

•

C&I loans up 3% sequentially and 9% from 3Q10

•

CRE loans down 4% sequentially and 17% from 3Q10

•

Consumer loans up 1% sequentially and 6% from 3Q10

•

Warehoused residential mortgage loans held-for-sale were $1.2B at

quarter end versus $1B at 2Q11

+1% QoQ; +3% YoY

Flat QoQ; +4% YoY

•

Core deposit to loan ratio of 100%, up 1% from 3Q10

•

DDAs up 7% sequentially and 22% year-over-year

•

Retail average transaction deposits up 1% sequentially and 13%

from the previous year, driven by growth in demand deposit,

savings, MMDA, and interest checking account balances

•

Commercial average transaction deposits up 1% sequentially and

7% from the previous year

Average loan growth ($B)^

Average core deposit growth ($B)

Average wholesale funding ($B)

•

Reduced wholesale funding by $1.3B from 3Q10

–

Non-core deposits down 15% sequentially and 45% from 3Q10

–

Short term borrowings up 126% sequentially and 102% from

3Q10

–

Long-term debt down 4% sequentially and 7% from 3Q10

^ Excludes loans held-for-sale

Note: Numbers may not sum due to rounding

3Q10

4Q10

1Q11

2Q11

3Q11

Commercial Loans

Consumer Loans

3Q10

4Q10

1Q11

2Q11

3Q11

Demand

IBT/Savings/MMDA

Consumer CD/Core foreign

3Q10

4Q10

1Q11

2Q11

3Q11

LT debt

ST borrowings

Non-core deposits

Noninterest income

•

Noninterest income of $665mm increased $9mm, or 1%, from prior quarter; driven by securities gains,

higher mortgage banking net revenue, and service charges on deposits

•

3Q11 debit interchange revenue of $58mm

–

3Q11 debit interchange $ volume: $4.4B (Signature $3.4B, PIN $0.9B)

–

3Q11 debit interchange transaction volume: 121mm (Signature 97mm, PIN 24mm)

•

Credit costs recorded in noninterest income:

Noninterest income

Note: Numbers may not sum due to rounding

Actual

($ in millions)

3Q10

2Q11

3Q11

Gain / (loss) on sale of loans

($1)

Commercial loans HFS FV adjustment

(9)

(6)

Gain / (loss) on sale of OREO properties

(29)

(26)

(21)

Mortgage repurchase costs

(4)

(2)

Total credit-related revenue impact

($44)

($28)

($25)

Actual

Seq.

YOY

3Q10

2Q11

3Q11

($ in millions)

Service charges on deposits

$143

$126

$134

($9)

(6%)

Corporate banking revenue

(8)

(8%)

Mortgage banking net revenue

232

162

178

10%

(54)

(23%)

Investment advisory revenue

(3)

(3%)

Card and processing revenue

(11)

(12%)

Other noninterest income

195

(19)

(23%)

(131)

(67%)

Securities gains, net

333%

550%

Securities gains, net -

non-qualifying hedges on MSRs

Noninterest income

$827

$656

$665

($162)

(20%)

Noninterest expense

Note: Numbers may not sum due to rounding

Actual

($ in millions)

3Q10

2Q11

3Q11

Mortgage repurchase expense

$45

$14

$19

Provision for unfunded commitments

(23)

(14)

(10)

Derivative valuation adjustments

OREO expense

Other problem asset related expenses

Total credit-related operating expenses

$67

$36

$45

Actual

Seq.

YOY

3Q10

2Q11

3Q11

($ in millions)

Salaries, wages and incentives

$360

$365

$369

Employee benefits

(9)

(12%)

(12)

(15%)

Net occupancy expense

Technology and communications

Equipment expense

(2)

(6%)

Card and processing expense

18%

33%

Other noninterest expense

361

277

322

16%

(39)

(11%)

Noninterest expense

$979

$901

$946

$45

($33)

(3%)

•

Noninterest expense of $946mm increased from unusually low 2Q11 levels, largely due to $28mm in costs related to

the termination of certain FHLB borrowings and hedging transactions

•

Credit costs recorded in noninterest expense:

Pre-tax pre-provision earnings*

PPNR trend

•

PPNR of $617mm flat from 2Q11 levels and down 19% over prior year; prior year comparison

driven by lower mortgage banking revenue and the 3Q10 net benefit from the settlement of

BOLI-related litigation, as well as improved credit costs

•

Adjusted

PPNR

$633mm,

including

positive

adjustments

totaling

$16mm,

sequentially and flat year-over-year

PPNR reconciliation

634

581

545

582

633

$100

$200

$300

$400

$500

$600

$700

$800

3Q10

4Q10

1Q11

2Q11

3Q11

Noninterest Expense Credit Items

Fee Income Credit Items

Adjusted

* Non-GAAP measure. See Reg. G reconciliation on slides 34-35.

^ See Slide 7 and Slide 8 for detailed breakout of credit-related items.

** There are limitations on the usefulness of credit-adjusted PPNR, including the significant degree to which changes in credit and fair value are integral, recurring components of the

Bancorp’s core operations as a financial institution. This measure has been included herein to facilitate a greater understanding of the Bancorp’s financial condition.

($ in millions)

3Q10

4Q10

1Q11

2Q11

3Q11

Income before income taxes (U.S. GAAP) (a)

$303

$417

$377

$506

$530

Add: Provision expense (U.S. GAAP) (b)

457

166

168

113

PPNR (a) + (b)

$760

$583

$545

$619

$617

Adjustments remove (benefit) / detriment:

BOLI

(127)

Valuation of 2009 Visa total return swap

Securities (gains) / losses

(4)

(21)

(8)

(6)

(26)

FTPS warrants & puts

(3)

(29)

(3)

Extinguishment (gains) / losses

(3)

(6)

Termination of

certain borrowings and

hedging transactions

Adjusted PPNR

$634

$581

$545

$582

$633

Credit-related items^:

In noninterest income

In noninterest expense

Credit-adjusted PPNR**

$745

$668

$580

$646

$703

Strong capital position

Strong capital ratios under Basel I; estimated Basel III Tier 1 common ratio of 9.8%*

10%

3Q10

4Q10

1Q11

2Q11

3Q11

Tangible common equity ratio^

10%

3Q10

4Q10

1Q11

2Q11

3Q11

Tier I common equity

10%

12%

14%

3Q10

4Q10

1Q11

2Q11

3Q11

Tier 1 Capital Ratio ex-TARP

Tier 1 Capital Ratio

Tier I capital ratio

10%

15%

20%

3Q10

4Q10

1Q11

2Q11

3Q11

Total RBC ratio ex-TARP

Total RBC ratio

Total risk-based capital ratio

Current period regulatory capital data ratios are estimated.

^ Tangible common equity ratio excluding (dark blue) and including (light blue) unrealized securities gains / losses after-tax

* Estimate, subject to final rule-making and clarification by U.S. banking regulators; currently assumes unrealized securities gains are included in common equity for purposes of this calculation

6.7%

7.0%

8.4%

8.6%

9.0%

7.1%

7.3%

8.6%

9.0%

7.3%

7.5%

9.0%

9.2%

9.3%

10.5%

12.2%

11.9%

12.0%

13.9%

14.9%

14.7%

16.3%

16.0%

16.3%

18.1%

18.3%

Net charge-offs

Net charge-offs by loan type

Net charge-offs by geography

Net charge-offs ($mm)

$mm

Commercial

$136

52%

Consumer

$126

48%

Total

$262

100%

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

$mm

Florida

$52

20%

Michigan

14%

Subtotal

$88

34%

Other

174

66%

Total

$262

100%

$200

$400

$600

$800

$1,000

C&I

21%

Coml

mortgage

18%

Coml

const.

13%

Coml lease

Residential

mortgage

14%

Home

equity

20%

Auto

Card

Other

consumer

14%

23%

15%

Other /

13%

20%

National

Actual

Seq.

YOY

($ in millions)

3Q10

2Q11

3Q11

C&I

237

(21)

(28%)

(182)

(77%)

Commercial mortgage

268

(221)

(82%)

Commercial construction

121

75%

(86)

(71%)

Commercial lease

(2)

(1)

(50%)

(2)

(200%)

Commercial

627

141

136

(5)

(4%)

(491)

(78%)

Residential mortgage loans

204

(168)

(82%)

Home equity

(1)

(2%)

(13)

(20%)

Automobile

50%

(5)

(29%)

Credit card

(10)

(36%)

(18)

(50%)

Other consumer

(30)

(81%)

17%

Consumer

329

163

126

(37)

(23%)

(203)

(62%)

Total net charge-offs

956

304

262

(42)

(14%)

(694)

(73%)

$262

$356

NCOs

due to

3Q10

credit

actions

$367

240

173

164

141

136

206

183

203

163

126

3Q10

4Q10

1Q11

2Q11

3Q11

$304

$956

Commercial

Consumer

Nonperforming assets

•

NPAs of $1.9B excluding held-for-sale down

7% year-over-year

•

Commercial NPAs of $1.5B, down 8% from the

previous year

–

Homebuilder / developer NPAs of

$207mm; represent 14% of total

commercial NPAs

•

Consumer NPAs of $470mm, down 2% from

the previous year

•

NPAs in held-for-sale of $197mm

C&I / Lease

$607mm, 31%

CRE

$868mm, 45%

Residential

$407mm, 21%

Other Consumer

$63mm, 3%

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

NORTH

CAROLINA

OTHER /

NATIONAL

NPAs exclude loans held-for-sale.

Nonperforming assets ($mm)

$2,088

$1,944

Nonperforming assets continue to improve

$2,082

$2,174

$2,126

14%

1,604

1,578

1,588

1,612

1,474

478

597

538

476

470

$500

$1,000

$1,500

$2,000

$2,500

$3,000

3Q10

4Q10

1Q11

2Q11

3Q11

Commercial

Consumer

14%

25%

14%

16%

19%

28%

11%

12%

19%

37%

10%

13%

18%

35%

12%

NPL HFI Rollforward

Commercial

3Q10

4Q10

1Q11

2Q11

3Q11

Beginning NPL Amount

1,980

1,261

1,214

1,211

1,253

Transfers to nonperforming

522

269

329

340

217

Transfers to performing

(21)

(2)

(10)

(11)

Transfers to performing (restructured)

(10)

(1)

Transfers to held for sale

(342)

(16)

(15)

(58)

Loans sold from portfolio

(5)

(9)

(12)

(7)

(17)

Loan paydowns/payoffs

(153)

(111)

(108)

(91)

(77)

Transfer to other real estate owned

(92)

(48)

(37)

(39)

(20)

Charge-offs

(627)

(170)

(164)

(141)

(136)

Draws/other extensions of credit

Ending Commercial NPL

1,261

1,214

1,211

1,253

1,155

Consumer

3Q10

4Q10

1Q11

2Q11

3Q11

Beginning NPL Amount

549

323

466

434

386

Transfers to nonperforming

256

365

232

214

201

Transfers to performing

(45)

(36)

(35)

(34)

(33)

Transfers to performing (restructured)

(29)

(25)

(50)

(41)

(39)

Transfers to held for sale

(205)

Loans sold from portfolio

(1)

(21)

Loan paydowns/payoffs

(37)

(17)

(18)

(27)

Transfer to other real estate owned

(50)

(20)

(18)

(15)

(16)

Charge-offs

(118)

(130)

(144)

(126)

(91)

Draws/other extensions of credit

Ending Consumer NPL

323

466

434

386

383

Total NPL

1,584

1,680

1,645

1,639

1,538

Total new nonaccrual loans - HFI

778

634

561

554

418

NPL Rollforward

Significant improvement in NPL inflows over past year

Prior period NPL inflows restated to reflect additional detail and with transfers to nonaccrual status presented to reflect gross inflows and charge-offs.

Non-performing loans

Non-performing loans ($mm)

$1.6B

$1.5B

Non-performing loans improving with lower

severity mix; benefit of sales/transfers

$1.6B

Fifth Third’s non-performing loan inflows (relative to loans) 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, MTB, PNC, RF, STI, USB, and WFC

New HFI non-performing loan flows ($mm)

NPL inflows down significantly

$1.7B

$1.6B

FITB

ex-HFS

* 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

Prior period NPL inflows restated to reflect additional detail and with transfers to nonaccrual status presented to reflect gross inflows and charge-offs.

See slide 13 for more information

Troubled debt restructurings overview

Successive improvement in vintage performance during

2008 and 2009 as volume of modification increased

Fifth Third’s mortgage portfolio TDRs have redefaulted

at a lower rate than GSE composites

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

status and $215mm were nonaccruals

—

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

books 6 or more months; within that, nearly

$940mm 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 1Q11

Mortgage TDR 60+ redefault trend by vintage*

1Q08 4%

2Q08 7%

3Q08 7%

4Q08 8%

1Q09 11%

2Q09 13%

Months since modification

Mortgage TDR 60+ redefault rate: Fifth Third comparison

(January 1, 2008 through June 2011)*

Fannie Mae

Industry

portfolio loans

Fifth Third

Volume by

vintage

Freddie Mac

3Q09 12%

$1.3B current consumer TDRs (%)

4Q09 8%

$1.1

billion

2008

2009

1Q10 7%

2Q10 5%

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

2010

3Q10 5%

4Q10 4%

1Q11 5%

Strong relative credit trends

FITB credit metrics are in line with or better than peers

NPA ratio vs. peers

Loans 90+ days delinquent % vs. peers

Loans 30-89 days delinquent % vs. peers

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1.6%

1.8%

2.0%

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

0.5%

1.5%

2.5%

3.5%

4.5%

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

FITB

Peer Average

FITB

Peer Average

FITB

Peer Average

FITB

Peer Average

Peer average includes: BBT, CMA, HBAN, KEY, MTB, PNC, RF, STI, USB, WFC, and ZION

Source: SNL Financial and company filings. All 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

Net charge-off ratio vs. peers

(7.5%)*

(HFS transfer)

5.0%*

3.8%

Before credit

actions

2.3%

Before credit

actions

Well-positioned for the future

•

Holding company cash currently sufficient for more than 2 years of obligations; minimal holding company or Bank

debt maturities until 2013

•

Fifth Third has completely exited all crisis-era government support programs

Superior capital and liquidity position

•

NCOs of 1.3%; 2.4x 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 (235% PPNR / NCOs^ in 3Q11)

•

1.3% ROAA; 15% return on average tangible common equity^

Industry leader in earnings power

^ Non-GAAP measure. See Reg. G reconciliation on slides 34-35.

–

Fifth Third is one of the few large banks that have no TLGP-guaranteed debt to refinance in 2012

Balance Sheet:

Average loans & leases (excl. HFS)

Average transaction deposits

Income Statement:

Net interest income*

Net interest margin*

Noninterest income

Noninterest expense

Pre-provision net revenue

ROA

Effective tax rate

Asset Quality:

Net charge-offs

Loan loss allowance

Nonperforming assets^

Capital Ratios

Tier I common equity (Basel III)

Tier I leverage

Tier I capital

Total risk-based capital

Category

Fifth Third: Outlook

4Q11 Outlook

$78.6 billion

$72.2

billion

Modest growth vs. 3Q11

Up couple bps vs. 3Q11

~$625mm +/-

Flat/up modestly vs. 3Q11

~$575mm +/-

>1.2%

28%

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

* Presented on a fully-taxable equivalent basis.

** Noninterest income forecast includes impact of Durbin amendment starting in October 2011.

^ Ratio 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.

^^ Annualized net charge-offs as a percentage of average loans and leases

# Current period regulatory capital data ratios are estimated; see slide 35 for estimation of Basel III phased-in Tier 1 common

3Q11 Actual

Outlook as of October 20, 2011

Solid growth vs. 3Q11

Modest growth vs. 3Q11

Relatively stable

Lower vs. 3Q11

Down $50-$100mm vs. 3Q11

Building

$902 million

3.65%

$665 million

$946 million

$617 million

1.3%

28%

9.3% (~9.8%)

11.1%

12.0%

16.3%

$262 million (1.32%^^)

$2.4 billion (3.08%)

$1.9 billion (2.44%)

Customer-centric traditional banking model:

well-positioned for changed financial landscape

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

direction of financial reform

—

Dodd-Frank / Basel III do not require substantial changes to Fifth Third’s business

model or asset mix with attendant execution risk

—

Low level of financial system “interconnectedness”

–

International activity primarily related to trade finance and lending to U.S.

subsidiaries of foreign companies

–

(e.g.)

Fifth

Third

loss

Lehman

bankruptcy

expected

less

than

$2mm

—

Little to no impact from Volcker rule (de minimis market maker in derivatives,

proprietary trading)

–

Daily VaR ~$1mm or less

–

Small private equity portfolio ~$100mm

No significant business at Fifth Third impaired during crisis

—

No originations of CDOs, securitizations on behalf of others

—

Didn’t originate or sell subprime mortgages or Option ARMs

—

No mortgage securitizations outstanding (except ~$28mm HELOC from 2003)

Business

profile

positions

Fifth

Third

well

–

today

and

the

future

Liquidity levels elevated in 3Q11

As of 3Q11, readily available borrowing capacity at FHLB:

$6.3B; contingent borrowing capacity at the Fed: $21.2B

—

Executed $2.5B in three-month FHLB borrowings in July

as a precaution to supplement liquidity through the

discussion and resolution of the U.S. debt ceiling limit

Holding Company cash at 9/30/11: $2.1B

Cash currently sufficient to satisfy all fixed obligations

for more than 2 years (debt maturities, common and

preferred dividends, interest and other expenses)

without accessing capital markets; relying on dividends

from subsidiaries; proceeds from asset sales

Expected cash obligations over the next 12 months

—

$25mm debt maturities (face value TruPS approved

to redeem)

—

~$333mm common dividends

—

~$35mm Series G preferred dividends

—

~$459mm interest and other expenses

Holding company unsecured debt maturities ($mm)

Bank

unsecured

debt

maturities

($mm

–

excl.

Brokered

CDs)

Heavily core funded

$500

2011

2012

2013

2014

2015

2016

2017

2018

Strong liquidity profile

S-T

wholesale

3,749

750

1,250

500

2011

2012

2013

2014

2015

2016

2017

2018 on

Fifth Third Bancorp

Fifth Third Capital Trust (Bancorp)

Demand

21%

Interest

checking

16%

Savings/

MMDA

24%

Foreign office

Consumer

time

Non-core

deposits

S-T

borrowings

Other

liabilities

Equity

11%

L-T debt

Mortgage repurchase overview

33% drop in 3Q11 outstanding claims balance driven by

high number of resolutions in quarter

Virtually all sold loans and the majority of new claims

relate to agencies

—

98% of outstanding balance of loans sold

—

Three-quarters of current quarter outstanding claims

Majority of outstanding balances of the serviced for

others portfolio relates to origination activity in 2009

and later

Private claims and exposure relate to whole loan sales

(no outstanding first mortgage securitizations)

—

Preponderance of private sales prior to 2006

Repurchase Reserves* ($ in millions)

Outstanding Counterparty Claims ($ in millions)

Outstanding Balance of Sold Loans ($ in millions)

3Q10

4Q10

1Q11

2Q11

3Q11

Beginning balance

103

101

Net reserve additions

Repurchase losses

(29)

(23)

(22)

(31)

Ending balance

103

101

2005 and prior

GSE

GNMA

Private

Total

$7,838

$301

$578

$8,717

2006

1,791

277

2,132

2007

2,911

239

3,244

2008

2,975

729

0.3

3,704

2009 and later

29,971

8,718

38,690

Total

$45,485

$9,907

$1,096

$56,488

Includes

reps

and

warranty

reserve

($52mm)

and

reserve

for

loans

sold

with

recourse

($17mm)

172

150

135

110

$184

$161

$145

$127

$85

$40

$60

$80

$100

$120

$140

$160

$180

$200

3Q10

4Q10

1Q11

2Q11

3Q11

Agencies

Private

Claims

Commercial & industrial*

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & Industrial loans represented 37% of total loans

and 21% of net charge-offs

•

26% of 3Q11 losses on loans to companies in real estate

related industries

–

Loans to real estate related industries of $2.4B (8%);

3Q11 NCO ratio of 2.18%

•

FL represented 5% of 3Q11 losses, 6% of loans; MI

represented 14% of losses, 11% of loans

* NPAs exclude loans held-for-sale.

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

Non-core:

$108

Core:

$129

Core NCO Rate:

1.94%

3Q10 NCO Breakout

($ in millions)

3Q10

4Q10

1Q11

2Q11

3Q11

EOP Balance

$26,302

$27,191

$27,344

$28,099

$29,258

Avg Loans

$26,344

$26,338

$27,331

$27,909

$28,777

90+ days delinquent

$29

$16

as % of loans

0.11%

0.06%

0.03%

0.02%

0.03%

NPAs

$594

$612

$620

$638

$588

as % of loans

2.26%

2.25%

2.27%

2.01%

Net charge-offs

$237

$85

$83

$76

$55

as % of loans

3.57%

1.27%

1.22%

1.10%

0.76%

C&I

11%

Other /

National

36%

14%

18%

Accommodation

Auto

Manufacturing

Construction

Finance

Insurance

13%

Manufacturing

23%

Real Estate

Retail

Trade

Auto Retailers

Wholesale

Trade

11%

Other

36%

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 12% of total loans

and 18% of net charge-offs

•

Owner occupied 3Q11 NCO ratio of 1.1%, non-owner

occupied 3Q11 NCO ratio of 2.7%

•

Loans from FL/MI represented 38% of portfolio loans, 32% of

portfolio losses in 3Q11

Non-core:

$202

Core:

$66

Core NCO Rate:

2.30%

3Q10 NCO Breakout

($ in millions)

3Q10

4Q10

1Q11

2Q11

3Q11

EOP Balance

$10,985

$10,845

$10,510

$10,233

$9,862

Avg Loans

$11,375

$10,985

$10,685

$10,394

$10,050

90+ days delinquent

$29

$11

$12

$10

as % of loans

0.26%

0.10%

0.08%

0.11%

0.10%

NPAs

$679

$696

$710

$631

as % of loans

6.19%

6.26%

6.63%

6.94%

6.39%

Net charge-offs

$268

$80

$54

$47

as % of loans

9.34%

2.89%

2.04%

1.83%

1.86%

Commercial mortgage

26%

28%

11%

Other /

National

12%

Accommodation

Auto

Manufacturing

Construction

Finance &

Insurance

Manufacturing

Real Estate

44%

Retail Trade

Auto Retailers

Wholesale

Trade

Other

25%

($ in millions)

3Q10

4Q10

1Q11

2Q11

3Q11

EOP Balance

$2,349

$2,048

$1,980

$1,778

$1,681

Avg Loans

$2,885

$2,171

$2,030

$1,918

$1,752

90+ days delinquent

$23

$48

$43

as % of loans

0.21%

0.13%

1.16%

2.71%

2.55%

NPAs

$291

$259

$248

$240

$237

as % of loans

12.40%

12.65%

12.53%

13.52%

14.11%

Net charge-offs

$121

$11

$26

$20

$35

as % of loans

16.58%

2.01%

5.24%

4.09%

7.90%

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 2% of total loans

and 13% of net charge-offs

•

Loans from FL/MI represented 33% of portfolio loans, 25% of

portfolio losses in 3Q11

Non-core:

$77

Core:

$44

Core NCO Rate:

5.99%

3Q10 NCO Breakout

15%

32%

11%

Other /

National

18%

Accommodation

Construction

20%

Finance &

insurance

Manufacturing

Real estate

53%

Retail Trade

Auto Retailers

Wholesale

Trade

Other

17%

Homebuilders/developers*

(included in previous slides)

Loans by geography

Credit trends

Loans by industry

Comments

•

Originations of builder/developer loans suspended in 2007

•

Remaining portfolio balance of $578mm, down 82% from peak

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

and 1.3% of commercial loans

•

$18mm of NCOs (46% commercial mortgage, 36% commercial

construction, 18% C&I)

•

$207mm of NPAs (69% commercial mortgage, 24%

commercial construction, 7% C&I)

* 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

21%

31%

10%

Other /

National

14%

C&I

26%

Commercial

construction

21%

Commercial

mortgage

53%

($ in millions)

3Q10

4Q10

1Q11

2Q11

3Q11

EOP Balance

$824

$699

$651

$597

$578

90+ days delinquent

as % of loans

0.37%

0.12%

0.16%

0.19%

0.59%

NPAs

$280

$259

$249

$243

$207

as % of loans

33.97%

37.12%

38.30%

40.67%

35.87%

Net charge-offs

$127

$19

$22

$14

$18

as % of loans

48.74%

10.08%

13.04%

8.91%

11.50%

Homebuilders/developers

Residential mortgage

1 liens: 100%; weighted average LTV: 74.2%

Weighted average origination FICO: 746

Origination FICO distribution: <660 8%; 660-689 6%; 690-719

10%; 720-749 13%; 750+ 49%; Other^ 14%

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

Origination LTV distribution: <=70 35%; 70.1-80 39%; 80.1-90 8%;

90.1-95 4%; >95 14%

Vintage distribution: 2011 22%; 2010 23%; 2009 5%; 2008 7%;

2007 8%; 2006 8%; 2005 13%; 2004 and prior 14%

% through broker: 14%; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

12%

17%

Other /

National

11%

25%

15%

^ Includes acquired loans where FICO at origination is not available

3Q10 includes losses on loans sold

•

Residential mortgage loans represented 13% of total loans

and 14% of net charge-offs

•

FL portfolio 17% of residential mortgage loans and 53% of

portfolio losses

Non-core:

$123

Core:

$81

Core NCO Rate:

4.10%

3Q10 NCO Breakout

($ in millions)

3Q10

4Q10

1Q11

2Q11

3Q11

EOP Balance

$7,975

$8,956

$9,530

$9,849

$10,249

Avg Loans

$7,837

$8,382

$9,282

$9,654

$10,006

90+ days delinquent

$111

$100

$98

$87

$91

as % of loans

1.39%

1.12%

1.03%

0.88%

0.89%

NPAs

$328

$368

$338

$337

as % of loans

4.11%

3.55%

3.43%

3.29%

Net charge-offs

$204

$62

$65

$36

as % of loans

10.33%

2.93%

2.82%

1.50%

1.41%

Residential mortgage

($ in millions)

3Q10

4Q10

1Q11

2Q11

3Q11

EOP Balance

$1,770

$1,698

$1,637

$1,586

$1,540

90+ days delinquent

$26

$25

$23

$21

as % of loans

1.46%

1.51%

1.46%

1.37%

Net charge-offs

$26

$25

$24

$20

$18

as % of loans

5.87%

5.74%

5.88%

4.95%

4.53%

Home equity - brokered

Home equity

liens:

31%;

liens:

69%

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 2%; 2010 3%; 2009 4%; 2008 11%; 2007 11%; 2006

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

% through broker channels: 14% WA FICO: 735 brokered, 752 direct; WA

CLTV: 88% brokered; 72% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

Home equity loans represented 14% of total loans and 20% of net

charge-offs

Approximately 14% of portfolio in broker product driving 33% total

loss

Approximately

one

third

Fifth

Third

liens

are

behind

Fifth

Third

1 liens

2005/2006 vintages represent approximately 29% of portfolio; account

for 54% of losses

Aggressive home equity line management strategies in place

Note: Brokered and direct home equity net charge-off ratios are calculated based on end of period loan balances

^ Includes acquired loans where FICO at origination is not available

($ in millions)

3Q10

4Q10

1Q11

2Q11

3Q11

EOP Balance

$10,004

$9,815

$9,585

$9,462

$9,380

90+ days delinquent

$61

$59

$61

$62

as % of loans

0.61%

0.60%

0.62%

0.64%

0.66%

Net charge-offs

$40

$39

$34

$35

as % of loans

1.57%

1.61%

1.64%

1.46%

1.50%

Home equity - direct

21%

31%

14%

Other

21%

25%

10%

12%

Other

19%

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

28%

18%

27%

13%

17%

29%

21%

30%

17%

36%

20%

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

1.9

14%

Commercial mortgage

1.2

12%

137

22%

18%

Commercial construction

0.3

18%

103

43%

25%

Commercial lease

0.0

Commercial

3.4

323

22%

15%

Mortgage

1.8

17%

144

43%

52%

Home equity

0.8

12%

20%

Auto

0.5

Credit card

0.1

Other consumer

0.0

11%

Consumer

3.2

156

33%

25%

Total

6.6

480

25%

20%

Florida

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

3.3

11%

14%

Commercial mortgage

2.6

26%

129

20%

14%

Commercial construction

0.3

15%

Commercial lease

0.2

15%

(0)

Commercial

6.3

14%

250

17%

11%

Mortgage

1.6

15%

12%

13%

Home equity

2.3

21%

13%

23%

Auto

1.0

17%

13%

Credit card

0.3

15%

19%

14%

Other consumer

0.1

22%

11%

Consumer

5.2

15%

13%

17%

Total

11.5

15%

309

16%

14%

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 impact on

commercial real estate market

29%

22%

14%

20%

27%

42%

11%

12%

21%

19%

13%

33%

Regulation G Non-GAAP reconciliation

$ and shares in millions

(unaudited)

For the Three Months Ended

September

June

March

December

September

2011

2010

Income before income taxes (U.S. GAAP)

530

506

377

417

303

Add:

Provision expense (U.S. GAAP)

113

168

166

457

Pre-provision net revenue (a)

617

619

545

583

760

Net income available to common shareholders (U.S. GAAP)

373

328

270

175

Add:

Intangible amortization, net of tax

Tangible net income available to common shareholders

376

332

277

182

Tangible net income available to common shareholders (annualized) (b)

1,492

1,332

377

1,099

722

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

12,841

12,365

13,052

14,007

13,852

Less:

Average preferred stock

398

1,557

3,648

3,637

Average goodwill

2,417

Average intangible assets

Average tangible common equity (c)

9,979

9,498

9,019

7,875

7,720

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

13,029

12,572

12,163

14,051

13,884

Less:

Preferred stock

(398)

(3,654)

(3,642)

Goodwill

(2,417)

Intangible assets

(45)

(49)

(55)

(62)

(72)

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

10,169

9,708

9,293

7,918

7,753

Less: Accumulated other comprehensive income / loss

(542)

(396)

(263)

(314)

(432)

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

9,627

9,312

9,030

7,604

7,321

Total assets (U.S. GAAP)

114,905

110,805

110,485

111,007

112,322

Less:

Goodwill

(2,417)

Intangible assets

(45)

(49)

(55)

(62)

(72)

Tangible assets, including unrealized gains / losses (f)

112,443

108,339

108,013

108,528

109,833

Less: Accumulated other comprehensive income / loss, before tax

(834)

(609)

(405)

(483)

(665)

Tangible assets, excluding unrealized gains / losses (g)

111,609

107,730

107,608

108,045

109,168

Common shares outstanding (h)

920

919

796

Net charge-offs (i)

262

304

367

356

956

Ratios:

Return on average tangible common equity (b) / (c)

14.9%

14.0%

4.2%

13.9%

9.4%

Tangible

common

equity

(excluding

unrealized

gains/losses)

(e)

(g)

8.63%

8.64%

8.39%

7.04%

6.70%

Tangible

common

equity

(including

unrealized

gains/losses)

(d)

(f)

9.04%

8.96%

8.60%

7.30%

7.06%

Tangible book value per share (d) / (h)

11.05

10.55

10.11

9.94

9.74

Pre-provision net revenue / net charge-offs (a) / (i)

235%

204%

149%

164%

79%

Regulation G Non-GAAP reconciliation

$ in millions

(unaudited)

For the Three Months Ended

September

June

March

December

September

2011

2010

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

13,029

12,572

12,163

14,051

13,884

Goodwill and certain other intangibles

(2,514)

(2,536)

(2,546)

(2,525)

Unrealized gains

(542)

(396)

(263)

(314)

(432)

Qualifying trust preferred securities

2,273

2,312

2,763

Other

Tier I capital

12,266

11,972

12,129

13,965

13,698

Less:

Preferred stock

(398)

(3,654)

(3,642)

Qualifying trust preferred securities

(2,273)

(2,312)

(2,763)

Qualifying noncontrolling interest in consolidated subsidiaries

(30)

Tier I common equity (a)

9,565

9,232

8,938

7,518

7,263

Unrealized gains

542

Disallowed deferred tax assets

Disallowed MSRs

Other

Less:

10% of individual deferred tax assets, MSRs, investment in financial entities

15% of aggregate deferred tax assets, MSRs, investment in financial entities

Tier 1 common equity, Basel III proforma (b)

10,181

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (c)

102,562

100,320

99,392

100,561

98,904

Add:

Regulatory deductions not deducted from Tier 1 common equity,

risk-weighted at 250%

1,377

Risk-weighted assets, Basel III proforma (d)

103,939

Ratios:

Tier I common equity (a) / (c)

9.33%

9.20%

8.99%

7.48%

7.34%

Tier I common equity, Basel III proforma (b) / (d)

9.80%