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): July 19, 2012

(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 July 19, 2012, Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the second quarter of 2012. 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 July 19, 2012, Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the second quarter of 2012. 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. A copy of this item is attached as Exhibit 99.2. The information in this Form 8-K and Exhibit 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 July 19, 2012

Exhibit 99.2 – Second 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)
July 19, 2012	/s/ Daniel T. Poston
	Daniel T. Poston
	Executive Vice President and
	Chief Financial Officer

EX-99.1

Exhibit 99.1

		News Release
CONTACTS:	Jim Eglseder (Investors)	FOR IMMEDIATE RELEASE
	(513) 534-8424	July 19, 2012
	Laura Wehby (Investors)
	(513) 534-7407
	Debra DeCourcy, APR (Media)
	(513) 534-4153

FIFTH THIRD ANNOUNCES SECOND QUARTER 2012 NET INCOME

TO COMMON SHAREHOLDERS OF $376 MILLION OR $0.40 PER SHARE

DILUTED EPS UP 14 PERCENT FROM SECOND QUARTER 2011

• 2Q12 net income available to common shareholders of $376 million, or $0.40 per diluted common share, vs. $421 million, or $0.45 per share, in 1Q12 and $328 million, or $0.35 per share in 2Q11

• 2Q12 results included a benefit of $56 million pre-tax gain (~$36 million after-tax, or $0.04 per share) on the valuation of the warrant Fifth Third holds in Vantiv

• 1Q12 results included net Vantiv-related benefits of $127 million (~$82 million or $0.09 per share after-tax), including $115 million pre-tax gains associated with Vantiv, Inc’s. initial public offering (IPO), warrant gain of $46 million pre-tax, and a $34 million pre-tax charge from Vantiv debt termination-related charges recorded in equity method earnings; 2Q11 results included warrant gains of $29 million pre-tax ($19 million or $0.02 per share after-tax)

• 2Q12 return on assets (ROA) of 1.32%; return on average common equity of 11.4%; return on average tangible common equity** of 14.1%

• Pre-provision net revenue (PPNR)** of $636 million; excluding Vantiv impact outlined above, PPNR of $580 million up $13 million or 2% from 1Q12

• Net interest income (FTE) of $899 million, flat sequentially; net interest margin 3.56%; average portfolio loans up 1% sequentially driven by 4% growth in C&I loans

• Noninterest income of $678 million compared with $769 million in prior quarter; excluding Vantiv impact above, noninterest income of $622 million down $20 million or 3% from 1Q12

• Noninterest expense of $937 million, down 4% sequentially

• 2Q12 effective tax rate of 31.8% vs. 28.6% in 1Q12; seasonal increase in income taxes of $19 million (after-tax) related to expiration of stock options

• Credit trends remain favorable

• 2Q12 net charge-offs of $181 million (0.88% of loans and leases) vs. 1Q12 NCOs of $220 million and 2Q11 NCOs of $304 million; lowest NCO level since 4Q07; 2Q12 provision expense of $71 million compared with 1Q12 provision of $91 million and 2Q11 provision of $113 million

• Loan loss allowance declined $110 million sequentially reflecting continued improvement in credit trends; allowance to loan ratio of 2.45%, 125% of nonperforming assets, 150% of nonperforming loans and leases, and 2.8 times 2Q12 annualized net charge-offs

• Total nonperforming assets (NPAs) of $1.7 billion including loans held-for-sale (HFS) declined $111 million, or 6%, sequentially; NPAs excluding loans HFS of $1.6 billion declined $54 million or 3%; lowest since 1Q08

• NPA ratio of 1.96% down 7 bps from 1Q12, NPL ratio of 1.62% down 2 bps from 1Q12

• Total delinquencies (includes loans 30-89 days past due and over 90 days past due) down 2% sequentially, lowest levels since 2005

• Strong capital ratios*

• Tier 1 common ratio 9.77%**, up 13 bps sequentially

• Tier 1 capital ratio 12.31%***, Total capital ratio 16.24%***, Leverage ratio 11.39%***

• Tangible common equity ratio** of 9.15% excluding unrealized gains/losses; 9.49% including them

• Book value per share of $14.56; tangible book value per share** of $11.89 up 2% from 1Q12 and 13% from 2Q11

* Capital ratios estimated; presented under current U.S. capital regulations. U.S. banking regulators have recently proposed new capital rules for U.S. banks as well as changes to risk-weightings (“the Standardized Approach”). The proposals have been presented for public comment. We are currently evaluating these proposals and their potential impact. See pp. 14-15 for more information.

** Non-GAAP measure; see Reg. G reconciliation on page 34.

*** Pro forma regulatory capital ratios for Fifth Third as of June 30, 2012, including the impact of Fifth Third’s call of $1.4 billion in trust preferred securities (“TruPS”) in July of 2012, were as follows: Tier 1 Capital ratio of 11.0%, Total capital ratio of 14.9% and leverage ratio of 10.1%. See pp. 14-15 for more information.

Fifth Third Bancorp (Nasdaq: FITB) today reported second quarter 2012 net income of $385 million, compared with net income of $430 million in the first quarter of 2012 and net income of $337 million in the second quarter of 2011. After preferred dividends, second quarter 2012 net income available to common shareholders was $376 million or $0.40 per diluted share, compared with first quarter net income of $421 million or $0.45 per diluted share, and net income of $328 million or $0.35 per diluted share in the second quarter of 2011.

Second quarter 2012 noninterest income results included $56 million in positive valuation adjustments on the Vantiv warrant; $17 million in negative valuation adjustments associated with bank premises held-for-sale; and a $17 million reduction in other noninterest income related to the valuation of a total return swap entered into as part of the 2009 sale of Visa, Inc. Class B shares. Second quarter noninterest expense was reduced by $17 million related to affordable housing investments and FDIC insurance. Net gains on investment securities were $3 million. Second quarter net income taxes were seasonally higher by $19 million due to the seasonal expiration of employee stock options expense.

First quarter 2012 results included $115 million in pre-tax gains on the initial public offering of Vantiv, Inc., $46 million in positive valuation adjustments on the Vantiv warrant and put option, as well as $34 million of charges recorded in equity method earnings in other noninterest income related to Vantiv’s bank debt refinancing and debt termination charges. First quarter results also included $23 million in income from an agreement reached on certain outstanding disputes for non-income tax related assessments in noninterest expense; a $19 million charge to noninterest income related to the Visa total return swap, additions to litigation reserves of $13 million, debt termination charges of $9 million, and severance expense of $6 million. Net gains on investment securities were $9 million. Second quarter 2011 results included $29 million in positive valuation adjustments on the Vantiv warrant, debt extinguishment gains of $6 million and a $4 million charge related to the Visa total return swap. Net gains on investment securities were $6 million. Second quarter 2011 net income taxes were seasonally higher by $23 million due to the seasonal expiration of employee stock options expense.

2

Earnings Highlights

	For the Three Months Ended															% Change
	June 2012			March 2012			December 2011			September 2011			June 2011			Seq			Yr/Yr
Earnings ($ in millions)
Net income attributable to Bancorp	$	385		$	430		$	314		$	381		$	337			(10	%)		14	%
Net income available to common shareholders	$	376		$	421		$	305		$	373		$	328			(11	%)		15	%
Common Share Data
Earnings per share, basic		0.41			0.46			0.33			0.41			0.36			(11	%)		14	%
Earnings per share, diluted		0.40			0.45			0.33			0.40			0.35			(11	%)		14	%
Cash dividends per common share		0.08			0.08			0.08			0.08			0.06			—			33	%
Financial Ratios
Return on average assets		1.32	%		1.49	%		1.08	%		1.34	%		1.22	%		(11	%)		8	%
Return on average common equity		11.4			13.1			9.5			11.9			11.0			(13	%)		4	%
Return on average tangible common equity		14.1			16.2			11.9			14.9			14.0			(13	%)		1	%
Tier I capital		12.31			12.20			11.91			11.96			11.93			1	%		3	%
Tier I common equity		9.77			9.64			9.35			9.33			9.20			1	%		6	%
Net interest margin (a)		3.56			3.61			3.67			3.65			3.62			(1	%)		(2	%)
Efficiency (a)		59.4			58.3			67.5			60.4			59.1			2	%		1	%
Common shares outstanding (in thousands)		918,913			920,056			919,804			919,779			919,818			—			—
Average common shares outstanding (in thousands):
Basic		913,541			915,226			914,997			914,947			914,601			—			—
Diluted		954,622			957,416			956,349			955,490			955,478			—			—

(a) Presented on a fully taxable equivalent basis

The percentages in all of the tables in this earning release are calculated on actual dollar amounts not the rounded dollar amounts.

“Earnings trends remained positive in the second quarter of 2012. Results came in better than we had anticipated and followed a very strong first quarter,” said Kevin Kabat, President and CEO of Fifth Third Bancorp. “Mortgage results remained strong. Our capabilities and strength of market position has enabled us to capture significant business as we assist our customers in taking advantage of historically low interest rates. Card and processing revenue was up 9 percent sequentially, and corporate banking revenue increased 5 percent sequentially as loan production and ancillary business volume remained healthy during the quarter.

“Expenses were well managed and declined 4 percent in the quarter. We remain focused on expenses as we navigate through a relatively sluggish economic environment, even as we continue to develop new products and enhance services to customers. Charged-off loans dropped to 88 basis points of loans and leases, the lowest level since 2007 and we continue to expect further improvement in the second half of the year.

“Capital levels and capital generation remain very strong. Earnings per share increased 14 percent and tangible book value per share increased 13 percent from a year ago. Our tangible common equity ratio ended the quarter at 9.5 percent and the Tier 1 common ratio was 9.8 percent. We re-submitted our capital plan to the Federal Reserve on June 8 and look forward to their response to our plans to resume a prudent and more appropriate capital management strategy given our earnings generation and capital position.

“We believe our capabilities and business model continue to position Fifth Third well to compete in this environment and in the future.”

3

Income Statement Highlights

	For the Three Months Ended										% Change
	June 2012		March 2012		December 2011		September 2011		June 2011		Seq			Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	899	$	903	$	920	$	902	$	869		—			3	%
Provision for loan and lease losses		71		91		55		87		113		(21	%)		(37	%)
Total noninterest income		678		769		550		665		656		(12	%)		3	%
Total noninterest expense		937		973		993		946		901		(4	%)		4	%
Income before income taxes (taxable equivalent)		569		608		422		534		511		(6	%)		11	%
Taxable equivalent adjustment		4		5		4		4		5		(20	%)		(20	%)
Applicable income taxes		180		173		104		149		169		4	%		7	%
Net income		385		430		314		381		337		(11	%)		14	%
Less: Net income attributable to noncontrolling interest		—		—		—		—		—		—			—
Net income attributable to Bancorp		385		430		314		381		337		(10	%)		14	%
Dividends on preferred stock		9		9		9		8		9		—			—
Net income available to common shareholders		376		421		305		373		328		(11	%)		15	%
Earnings per share, diluted	$	0.40	$	0.45	$	0.33	$	0.40	$	0.35		(11	%)		14	%

Net Interest Income

	For the Three Months Ended															% Change
	June 2012			March 2012			December 2011			September 2011			June 2011			Seq			Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,031		$	1,045		$	1,061		$	1,059		$	1,050			(1	%)		(2	%)
Total interest expense		132			142			141			157			181			(7	%)		(27	%)
Net interest income (taxable equivalent)	$	899		$	903		$	920		$	902		$	869			—			3	%
Average Yield
Yield on interest-earning assets (taxable equivalent)		4.08	%		4.18	%		4.23	%		4.28	%		4.37	%		(2	%)		(7	%)
Yield on interest-bearing liabilities		0.73	%		0.79	%		0.79	%		0.86	%		1.00	%		(8	%)		(27	%)
Net interest rate spread (taxable equivalent)		3.35	%		3.39	%		3.44	%		3.42	%		3.37	%		(1	%)		(1	%)
Net interest margin (taxable equivalent)		3.56	%		3.61	%		3.67	%		3.65	%		3.62	%		(1	%)		(2	%)
Average Balances ($ in millions)
Loans and leases, including held for sale	$	84,508		$	83,757		$	82,278		$	80,013		$	79,153			1	%		7	%
Total securities and other short-term investments		17,168			16,735			17,243			18,142			17,192			3	%		—
Total interest-earning assets		101,676			100,492			99,521			98,155			96,345			1	%		6	%
Total interest-bearing liabilities		73,162			72,219			71,467			72,473			72,503			1	%		1	%
Bancorp shareholders’ equity		13,629			13,366			13,147			12,841			12,365			2	%		10	%

Net interest income of $899 million on a fully taxable equivalent basis declined $4 million from the first quarter, with a $14 million decrease in interest income and a $10 million decrease in interest expense. The decline in interest income was primarily attributable to loan repricing, particularly in the C&I and auto portfolios; Vantiv’s debt refinancing in March; and lower reinvestment rates on the securities portfolio given the sharp reduction in intermediate and long-term interest rates. These effects were partially offset by the benefit of loan growth and higher purchase accounting accretion. Despite growth in interest-bearing liabilities, interest expense declined as a result of deposit mix shift into lower yielding products as well as the impact of hedge ineffectiveness in the first quarter of 2012 (positive benefit of $1 million this quarter compared with a negative impact of $8 million in the first quarter). The full quarter net impact of our first quarter senior debt issuance and debt terminations modestly increased interest expense.

The net interest margin was 3.56 percent, a decrease of 5 bps from 3.61 percent in the previous quarter. The decrease was primarily due to lower loan and lower securities yields, which reduced the margin by 7 bps and

4

3 bps, respectively. These effects were partially offset by the impact of hedge ineffectiveness and deposit mix shift, which respectively contributed 3 bps and 1 bp to the change in the margin.

Compared with the second quarter of 2011, net interest income increased $30 million, driven by higher average loan balances, run-off in higher-priced CDs and mix shift to lower cost deposit products, partially offset by lower asset yields. The net interest margin decreased 6 bps from a year ago.

Securities

Average securities and other short-term investments were $17.2 billion in the second quarter of 2012 compared with $16.7 billion in the previous quarter and $17.2 billion in the second quarter of 2011. The sequential increase in average balances was related to the pre-investment of a portion of portfolio cash flows during the quarter and higher cash balances held at the Fed reflected in short-term investments balances.

Loans

	For the Three Months Ended										% Change
	June 2012		March 2012		December 2011		September 2011		June 2011		Seq			Yr/Yr
Average Portfolio Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	32,734	$	31,371	$	29,891	$	28,777	$	27,909		4	%		17	%
Commercial mortgage		9,810		10,007		10,262		10,050		10,394		(2	%)		(6	%)
Commercial construction		873		992		1,132		1,752		1,918		(12	%)		(54	%)
Commercial leases		3,469		3,543		3,351		3,300		3,349		(2	%)		4	%
Subtotal - commercial loans and leases		46,886		45,913		44,636		43,879		43,570		2	%		8	%
Consumer:
Residential mortgage loans		11,274		10,828		10,464		10,006		9,654		4	%		17	%
Home equity		10,430		10,606		10,810		10,985		11,144		(2	%)		(6	%)
Automobile loans		11,755		11,882		11,696		11,445		11,188		(1	%)		5	%
Credit card		1,915		1,926		1,906		1,864		1,834		(1	%)		4	%
Other consumer loans and leases		326		345		402		441		547		(6	%)		(40	%)
Subtotal - consumer loans and leases		35,700		35,587		35,278		34,741		34,367		—			4	%
Total average loans and leases (excluding held for sale)	$	82,586	$	81,500	$	79,914	$	78,620	$	77,937		1	%		6	%
Average loans held for sale		1,920		2,257		2,364		1,393		1,216		(15	%)		58	%

Average loan and lease balances (excluding loans held-for-sale) increased $1.1 billion, or 1 percent, sequentially and increased 6 percent from the second quarter of 2011. Period end loan and lease balances (excluding loans held-for-sale) increased $246 million sequentially and $4.4 billion, or 6 percent, from a year ago.

Average commercial portfolio loan and lease balances were up $973 million, or 2 percent, sequentially and increased $3.3 billion, or 8 percent, from the second quarter of 2011. Average C&I loans increased 4 percent sequentially and 17 percent compared with the second quarter of 2011. Average commercial mortgage and commercial construction loan balances declined by a combined 3 percent sequentially and 13 percent from the same period the previous year, reflecting continued low customer demand and business opportunities. Commercial line usage, on an end of period basis, was 31.9 percent of committed lines in the second quarter of 2012 compared with 32.1 percent in the first quarter of 2012 and 32.9 percent in the second quarter of 2011.

5

Average consumer portfolio loan and lease balances increased $113 million sequentially and $1.3 billion, or 4 percent, from the second quarter of 2011. Average residential mortgage loans increased 4 percent sequentially, reflecting continued strong refinancing activity associated with historically low interest rates as well as the continued retention of certain residential mortgages. Compared with the second quarter of 2011, average residential mortgage loans increased 17 percent and reflected the retention of these mortgages. Home equity loan balances declined 2 percent sequentially and 6 percent year-over-year due to lower demand and production. Average auto loans decreased 1 percent sequentially and increased 5 percent year-over-year.

Average loans held-for-sale of $1.9 billion decreased $337 million sequentially and increased $704 million compared with the second quarter of 2011 primarily driven by changes in balances of mortgages held for sale. Period end loans held-for-sale increased $279 million from the previous quarter and $678 million from the second quarter of 2011.

Deposits

	For the Three Months Ended										% Change
	June 2012		March 2012		December 2011		September 2011		June 2011		Seq			Yr/Yr
Average Deposits ($ in millions)
Demand deposits	$	26,351	$	26,063	$	26,069	$	23,677	$	22,174		1	%		19	%
Interest checking		23,548		22,308		19,263		18,322		18,701		6	%		26	%
Savings		22,143		21,944		21,715		21,747		21,817		1	%		1	%
Money market		4,258		4,543		5,255		5,213		5,009		(6	%)		(15	%)
Foreign office (a)		1,321		2,277		3,325		3,255		3,805		(42	%)		(65	%)
Subtotal - Transaction deposits		77,621		77,135		75,627		72,214		71,506		1	%		9	%
Other time		4,359		4,551		4,960		6,008		6,738		(4	%)		(35	%)
Subtotal - Core deposits		81,980		81,686		80,587		78,222		78,244		—			5	%
Certificates - $100,000 and over		3,130		3,178		3,085		3,376		3,955		(2	%)		(21	%)
Other		23		19		16		7		2		20	%		NM
Total deposits	$	85,133	$	84,883	$	83,688	$	81,605	$	82,201		—			4	%

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

Average core deposits were relatively stable, increasing slightly sequentially, and increased 5 percent from the second quarter of 2011, as transaction deposit growth was offset by continued run-off of other time deposits. Average transaction deposits, excluding other time deposits, increased 1 percent from the first quarter of 2012 primarily driven by higher interest checking, demand deposits, and savings balances, reflecting account migration from foreign office deposits and money market accounts. Year-over-year growth of 9 percent was driven by higher interest checking, demand deposits, and savings balances, partially offset by lower foreign office and money market account balances.

Consumer average transaction deposits increased 1 percent sequentially and 6 percent from the second quarter of 2011. Transaction deposit growth reflected higher interest checking, demand deposit, and savings balances, which were partially offset by lower money market balances. Consumer CDs included in core deposits declined 4 percent sequentially, driven by customer reluctance to purchase CDs given the current low rate environment, and declined 35 percent year-over-year driven by maturities of higher-rate CDs.

6

Commercial average transaction deposits were flat sequentially and increased 12 percent from the previous year. Sequential performance reflected continued mix shift of foreign office deposits into domestic interest-bearing checking products. Year-over-year growth was primarily driven by higher inflows to DDAs and interest checking balances, partially offset by lower foreign office deposits. Average public funds balances were $5.7 billion compared with $6.2 billion in the first quarter of 2012 and $5.9 billion in the second quarter of 2011.

Noninterest Income

	For the Three Months Ended											% Change
	June 2012		March 2012		December 2011			September 2011		June 2011		Seq			Yr/Yr
Noninterest Income ($ in millions)
Service charges on deposits	$	130	$	129	$	136		$	134	$	126		1	%		4	%
Corporate banking revenue		102		97		82			87		95		5	%		7	%
Mortgage banking net revenue		183		204		156			178		162		(10	%)		13	%
Investment advisory revenue		93		96		90			92		95		(4	%)		(2	%)
Card and processing revenue		64		59		60			78		89		9	%		(28	%)
Other noninterest income		103		175		24			64		83		(41	%)		25	%
Securities gains, net		3		9		5			26		6		(67	%)		(50	%)
Securities gains, net - non-qualifying hedges on mortgage servicing rights		—		—		(3	)		6		—		NM			NM
Total noninterest income	$	678	$	769	$	550		$	665	$	656		(12	%)		3	%

NM: Not Meaningful

Noninterest income of $678 million decreased $91 million sequentially, or 12 percent, and increased $22 million, or 3 percent, compared with year ago results. The sequential decline was primarily due to the first quarter benefit of Vantiv’s IPO and related debt refinancing as well as lower mortgage banking net revenue, while the increase from a year ago largely reflected second quarter 2012 warrant gains and higher mortgage banking income, which more than offset the impact of debit interchange legislation on card and processing revenue.

Second quarter 2012 noninterest income results included a $56 million positive valuation adjustment on the Vantiv warrant, compared with $46 million in positive valuation adjustments on Vantiv warrant and put instruments in the first quarter of 2012 and $29 million in positive valuation adjustments in the second quarter of 2011. This quarter’s results also included $17 million in lower of cost or market adjustments associated with bank premises held-for-sale, as well as a $17 million charge related to the valuation of the total return swap entered into as part of the 2009 sale of Visa, Inc. Class B shares. Valuation adjustments on this swap were $19 million in the first quarter of 2012 and $4 million in the second quarter of 2011. First quarter 2012 results included $115 million in gains from Vantiv’s IPO, as well as the $34 million charge recorded in equity method earnings related to Vantiv’s debt refinancing and related termination charges. Excluding these items, as well as investment securities gains in all periods, noninterest income of $653 million increased $1 million from the previous quarter and increased $28 million, or 4 percent, from the second quarter of 2011.

Service charges on deposits of $130 million increased 1 percent from the first quarter and 4 percent compared with the same quarter last year. Retail service charges declined 1 percent sequentially and 1

7

percent compared with the second quarter of 2011. Commercial service charges increased 2 percent sequentially and 7 percent compared with results a year ago.

Corporate banking revenue of $102 million increased 5 percent from the first quarter of 2012 and 7 percent from the same period last year. The sequential and year-over-year increases were driven by increased foreign exchange, institutional sales, and interest rate derivatives revenue. Additionally, increased business lending fees benefited the year-over-year comparison.

Mortgage banking net revenue was $183 million in the second quarter of 2012, a 10 percent decrease from the first quarter of 2012 and an increase of 13 percent from the second quarter of 2011. Second quarter 2012 originations were $5.9 billion, compared with $6.4 billion in the previous quarter and $3.1 billion in the second quarter of 2011. Second quarter 2012 originations resulted in gains of $183 million on mortgages sold reflecting higher gain on sale margins. This compares with gains of $174 million during the previous quarter and $64 million during the second quarter of 2011. Mortgage servicing fees this quarter were $63 million, compared with $61 million in the previous quarter and $58 million in the second quarter of 2011. Mortgage banking net 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 $63 million in the second quarter of 2012 (reflecting MSR amortization of $41 million and MSR valuation adjustments of negative $22 million); negative $31 million in the first quarter of 2012 (MSR amortization of $46 million and MSR valuation adjustments of positive $15 million); and positive $40 million in the second quarter of 2011 (MSR amortization of $25 million and MSR valuation adjustments of positive $65 million). The mortgage servicing asset, net of the valuation reserve, was $736 million at quarter end on a servicing portfolio of $62 billion.

Investment advisory revenue of $93 million decreased 4 percent sequentially and 2 percent from the second quarter of 2011. The sequential decline was driven by lower tax-related private client services revenue which is seasonally strong in the first quarter, as well as lower mutual fund fees, partially offset by higher brokerage fees.

Card and processing revenue was $64 million in the second quarter of 2012, an increase of 9 percent sequentially and decline of 28 percent from the second quarter of 2011. The sequential increase reflected higher transaction volumes compared with the seasonally weak first quarter. The year-over-year decline was driven by the impact of debit interchange legislation, partially offset by higher transaction volumes.

Other noninterest income totaled $103 million in the second quarter of 2012, compared with $175 million in the previous quarter and $83 million in the second quarter of 2011. Other noninterest income includes effects of the valuation of the Vantiv warrant and changes in income related to the valuation of the Visa total return swap. For periods ending June 30, 2012, March 31, 2012, and June 30, 2011, the impact of warrant and put option valuation adjustments were positive $56 million, positive $46 million, and positive $29 million, respectively, and reductions in income related to the Visa total return swap were $17 million, $19 million, and

8

$4 million, respectively. Second quarter 2012 results also included $17 million in lower of cost or market adjustments associated with bank premises held-for-sale. First quarter 2012 results also included $115 million in gains from Vantiv’s IPO, as well as the $34 million charge recorded in equity method earnings related to Vantiv’s debt refinancing and related termination charges. Excluding the items detailed above, other noninterest income of $81 million increased approximately $14 million from the previous quarter and increased approximately $23 million from the second quarter of 2011.

Net credit-related costs recognized in other noninterest income were $17 million in the second quarter of 2012 versus $14 million last quarter and $28 million in the second quarter of 2011. Second quarter 2012 results included $8 million of net gains on sales of commercial loans held-for-sale and $5 million of fair value charges on commercial loans held-for-sale, as well as $19 million of losses on other real estate owned (OREO). First quarter 2012 results included $5 million of net gains on sales of commercial loans held-for-sale and $1 million of fair value charges on commercial loans held-for-sale, as well as $17 million of losses on OREO. Second quarter 2011 results included net gains of $8 million of net gains on sales of commercial loans held-for-sale, $9 million of fair value charges on commercial loans held-for-sale, and $26 million of losses on OREO.

Net gains on investment securities were $3 million in the second quarter of 2012, compared with investment securities gains of $9 million in the previous quarter and $6 million in the second quarter of 2011.

Noninterest Expense

	For the Three Months Ended										% Change
	June 2012		March 2012		December 2011		September 2011		June 2011		Seq			Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	393	$	399	$	393	$	369	$	365		(2	%)		8	%
Employee benefits		84		112		84		70		79		(25	%)		6	%
Net occupancy expense		74		77		79		75		75		(4	%)		(1	%)
Technology and communications		48		47		48		48		48		3	%		1	%
Equipment expense		27		27		27		28		28		—			(2	%)
Card and processing expense		30		30		28		34		29		2	%		4	%
Other noninterest expense		281		281		334		322		277		—			1	%
Total noninterest expense	$	937	$	973	$	993	$	946	$	901		(4	%)		4	%

Noninterest expense of $937 million decreased 4 percent from the first quarter of 2012 and increased 4 percent from the second quarter of 2011. Second quarter 2012 expenses included a $9 million reduction to FDIC insurance expense and an $8 million benefit from the sale of affordable housing investments. First quarter 2012 expenses included a $23 million benefit from an agreement reached on certain outstanding disputes for non-income tax related assessments, $13 million in additions to litigation reserves, $9 million in debt termination charges, and $6 million in severance expense. Second quarter 2011 expenses included debt extinguishment gains which reduced other noninterest expense by $6 million. Excluding these items, noninterest expense of $954 million decreased $14 million, or 1 percent, from the first quarter of 2012 largely due to lower employee benefits costs partially offset by increased marketing expense, and increased $47 million, or 5 percent, compared with the second quarter of 2011.

9

Credit costs related to problem assets recorded as noninterest expense totaled $41 million in the second quarter of 2012, compared with $34 million in the first quarter of 2012 and $36 million in the second quarter of 2011. Second quarter credit-related expenses included provisioning for mortgage repurchases of $18 million, compared with $15 million in the first quarter and $14 million a year ago. (Realized mortgage repurchase losses were $16 million in the second quarter of 2012, compared with $17 million last quarter and $22 million in the second quarter of 2011.) Provision for unfunded commitments was a benefit of $1 million in the current quarter, compared with a benefit of $2 million last quarter and $14 million a year ago. Derivative valuation adjustments related to customer credit risk were a net zero this quarter versus positive $4 million last quarter and $1 million in expense a year ago. OREO expense was $5 million this quarter, compared with $5 million last quarter and $6 million a year ago. Other problem asset-related expenses were $19 million in the second quarter, compared with $19 million the previous quarter and $29 million in the same period last year, with the reduction primarily driven by lower work-out related expenses.

Credit Quality

	For the Three Months Ended
	June 2012			March 2012			December 2011			September 2011			June 2011
Total net losses charged off ($ in millions)
Commercial and industrial loans	($	46	)	($	54	)	($	62	)	($	55	)	($	76	)
Commercial mortgage loans		(25	)		(30	)		(47	)		(47	)		(47	)
Commercial construction loans		—			(18	)		(4	)		(35	)		(20	)
Commercial leases		(7	)		—			—			1			2
Residential mortgage loans		(36	)		(37	)		(36	)		(36	)		(36	)
Home equity		(39	)		(46	)		(50	)		(53	)		(54	)
Automobile loans		(7	)		(9	)		(13	)		(12	)		(8	)
Credit card		(18	)		(20	)		(21	)		(18	)		(28	)
Other consumer loans and leases		(3	)		(6	)		(6	)		(7	)		(37	)
Total net losses charged off		(181	)		(220	)		(239	)		(262	)		(304	)
Total losses		(219	)		(253	)		(280	)		(294	)		(343	)
Total recoveries		38			33			41			32			39
Total net losses charged off	($	181	)	($	220	)	($	239	)	($	262	)	($	304	)
Ratios (annualized)
Net losses charged off as a percent of average loans and leases (excluding held for sale)		0.88	%		1.08	%		1.19	%		1.32	%		1.56	%
Commercial		0.67	%		0.89	%		1.00	%		1.23	%		1.30	%
Consumer		1.15	%		1.34	%		1.43	%		1.43	%		1.89	%

Net charge-offs were $181 million in the second quarter of 2012, or 88 bps of average loans on an annualized basis, the lowest level since the fourth quarter of 2007. Net charge-offs declined 18 percent compared with first quarter 2012 net charge-offs of $220 million, and declined 40 percent versus second quarter 2011 net charge-offs of $304 million.

Commercial net charge-offs were $78 million, or 67 bps, down $24 million compared with $102 million, or 89 bps, in the first quarter. Commercial net charge-offs were at the lowest level since the fourth quarter of 2007. C&I net losses were $46 million compared with net losses of $54 million in the previous quarter. Commercial mortgage net losses totaled $25 million, compared with net losses of $30 in the previous quarter. There were no commercial construction net losses in the second quarter, compared with net losses of $18 million in the prior quarter. Net losses on residential builder and developer portfolio loans across the C&I and commercial

10

real estate categories totaled $4 million. Originations of homebuilder / developer loans were suspended in 2007 and the remaining portfolio balance is $376 million, down from a peak of $3.3 billion in the second quarter of 2008.

Consumer net charge-offs were $103 million, or 115 bps, down $15 million sequentially. Net charge-offs on residential mortgage loans in the portfolio were $36 million, down $1 million from the previous quarter. Home equity net charge-offs were $39 million, down $7 million from the first quarter. Net losses on brokered home equity loans represented 35 percent of second quarter home equity losses; such loans are 14 percent of the total home equity portfolio. The home equity portfolio included $1.4 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 $7 million decreased $2 million from the prior quarter. Net losses on consumer credit card loans were $18 million, down $2 million from the previous quarter. Net charge-offs in other consumer loans were $3 million, down $3 million from the previous quarter.

	For the Three Months Ended
	June 2012			March 2012			December 2011			September 2011			June 2011
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	2,126		$	2,255		$	2,439		$	2,614		$	2,805
Total net losses charged off		(181	)		(220	)		(239	)		(262	)		(304	)
Provision for loan and lease losses		71			91			55			87			113
Allowance for loan and lease losses, ending		2,016			2,126			2,255			2,439			2,614
Reserve for unfunded commitments, beginning		179			181			187			197			211
Provision for unfunded commitments		(1	)		(2	)		(6	)		(10	)		(14	)
Reserve for unfunded commitments, ending		178			179			181			187			197
Components of allowance for credit losses:
Allowance for loan and lease losses		2,016			2,126			2,255			2,439			2,614
Reserve for unfunded commitments		178			179			181			187			197
Total allowance for credit losses	$	2,194		$	2,305		$	2,436		$	2,626		$	2,811
Allowance for loan and lease losses ratio
As a percent of loans and leases		2.45	%		2.59	%		2.78	%		3.08	%		3.35	%
As a percent of nonperforming loans and leases (a)		150	%		157	%		157	%		158	%		160	%
As a percent of nonperforming assets (a)		125	%		127	%		124	%		125	%		125	%

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

Provision for loan and lease losses totaled $71 million in the second quarter of 2012, down $20 million from the first quarter of 2012 and down $42 million from the second quarter of 2011. The allowance for loan and lease losses declined $110 million reflecting continued improvement in credit trends. This allowance represented 2.45 percent of total loans and leases outstanding as of quarter end, compared with 2.59 percent last quarter, and represented 150 percent of nonperforming loans and leases, 125 percent of nonperforming assets, and 277 percent of second quarter annualized net charge-offs.

11

	As of
	June 2012			March 2012			December 2011			September 2011			June 2011
Nonperforming Assets and Delinquent Loans ($ in millions)
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	377		$	358		$	408		$	449		$	485
Commercial mortgage loans		357			347			358			353			417
Commercial construction loans		99			118			123			151			147
Commercial leases		3			8			9			13			16
Residential mortgage loans		135			135			134			142			145
Home equity		30			26			25			25			26
Automobile loans		1			1			—			—			1
Other consumer loans and leases		—			1			1			1			3
Total nonaccrual loans and leases	$	1,002		$	994		$	1,058		$	1,134		$	1,240
Restructured loans and leases - commercial (nonaccrual)		147			157			160			189			188
Restructured loans and leases - consumer (nonaccrual)		193			201			220			215			211
Total nonperforming loans and leases	$	1,342		$	1,352		$	1,438		$	1,538		$	1,639
Repossessed personal property		9			8			14			17			15
Other real estate owned (a)		268			313			364			389			434
Total nonperforming assets (b)	$	1,619		$	1,673		$	1,816		$	1,944		$	2,088
Nonaccrual loans held for sale		55			110			131			171			147
Restructured loans - commercial (nonaccrual) held for sale		5			7			7			26			29
Total nonperforming assets including loans held for sale	$	1,679		$	1,790		$	1,954		$	2,141		$	2,264
Restructured Consumer loans and leases (accrual)	$	1,624		$	1,624		$	1,612		$	1,601		$	1,593
Restructured Commercial loans and leases (accrual)	$	455		$	481		$	390		$	349		$	266
Total loans and leases 90 days past due	$	203		$	216		$	200		$	274		$	279
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned (b)		1.62	%		1.64	%		1.76	%		1.93	%		2.09	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (b)		1.96	%		2.03	%		2.23	%		2.44	%		2.66	%

(a) Excludes government insured advances.

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

Total nonperforming assets, including loans held-for-sale, were $1.7 billion, a decline of $111 million, or 6 percent, from the previous quarter. Nonperforming assets held-for-investment (NPAs) were $1.6 billion or 1.96 percent of total loans, leases and OREO, and decreased $54 million, or 3 percent, from the previous quarter. Nonperforming loans held-for-investment (NPLs) at quarter end were $1.3 billion or 1.62 percent of total loans, leases and OREO, and decreased $10 million or 1 percent from the first quarter.

Commercial portfolio NPAs were $1.2 billion, or 2.53 percent of commercial loans, leases and OREO, and decreased $43 million, or 3 percent, from the first quarter. Commercial portfolio NPLs were $983 million, or 2.10 percent of commercial loans and leases, and decreased $5 million from last quarter. Commercial mortgage portfolio NPAs were $555 million, down $13 million from the prior quarter. Commercial construction portfolio NPAs were $141 million, a decline of $30 million from the previous quarter. Commercial real estate loans in Michigan and Florida represented 42 percent of commercial real estate NPAs and 37 percent of our total commercial real estate portfolio. C&I portfolio NPAs of $479 million increased $5 million from the previous quarter. Within the overall commercial loan portfolio, residential real estate builder and developer portfolio NPAs of $114 million declined $9 million from the first quarter, of which $45 million were commercial construction assets, $58 million were commercial mortgage assets and $10 million were C&I assets. Commercial portfolio NPAs included $147 million of nonaccrual troubled debt restructurings (TDRs), compared with $157 million last quarter.

Consumer portfolio NPAs of $437 million, or 1.22 percent of consumer loans, leases and OREO, decreased $12 million from the first quarter. Consumer portfolio NPLs were $359 million, or 1.00 percent of consumer

12

loans and leases and decreased $5 million from last quarter. Of consumer NPAs, $385 million were in residential real estate portfolios. Residential mortgage NPAs were $322 million, $9 million lower than last quarter, with Florida representing 46 percent of residential mortgage NPAs and 15 percent of total residential mortgage loans. Home equity NPAs of $64 million were up $1 million compared with last quarter. Credit card NPAs decreased $3 million from the previous quarter to $42 million. Consumer nonaccrual TDRs were $193 million in the second quarter of 2012, compared with $201 million in the first quarter 2012.

Second quarter OREO balances included in portfolio NPA balances described above were $268 million, down $45 million from the first quarter, and included $196 million in commercial OREO and $71 million in consumer OREO. Repossessed personal property of $9 million consisted largely of autos.

Loans still accruing over 90 days past due were $203 million, down $13 million, or 6 percent, from the first quarter of 2012. Commercial balances 90 days past due of $24 million decreased $8 million sequentially. Consumer balances 90 days past due of $179 million were down $5 million from the previous quarter. Loans 30-89 days past due of $370 million increased $3 million, or 1 percent, from the previous quarter. Commercial balances 30-89 days past due of $61 million were down $11 million sequentially and consumer balances 30-89 days past due of $309 million increased $14 million from the first quarter, reflecting seasonality.

At quarter-end, we held $60 million of commercial nonaccrual loans for sale, compared with $117 million at the end of the first quarter. During the quarter we sold approximately $39 million of non-accrual held-for-sale loans; we transferred approximately $3 million of non-accrual commercial loans from the portfolio to loans held-for-sale, and we transferred approximately $4 million of loans from loans held-for-sale to OREO. We recorded negative valuation adjustments of $5 million on held-for-sale loans and recorded net gains of $8 million on loans that were sold or settled during the quarter.

13

Capital Position

	For the Three Months Ended
	June 2012			March 2012			December 2011			September 2011			June 2011
Capital Position
Average shareholders’ equity to average assets		11.58	%		11.49	%		11.41	%		11.33	%		11.12	%
Tangible equity (a)		9.50	%		9.37	%		9.03	%		8.98	%		9.01	%
Tangible common equity (excluding unrealized gains/losses) (a)		9.15	%		9.02	%		8.68	%		8.63	%		8.64	%
Tangible common equity (including unrealized gains/losses) (a)		9.49	%		9.37	%		9.04	%		9.04	%		8.96	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (a) (b)		9.84	%		9.80	%		9.41	%		9.39	%		9.28	%
Regulatory capital ratios: (c)
Tier I capital		12.31	%		12.20	%		11.91	%		11.96	%		11.93	%
Total risk-based capital		16.24	%		16.07	%		16.09	%		16.25	%		16.03	%
Tier I leverage		11.39	%		11.31	%		11.10	%		11.08	%		11.03	%
Tier I common equity (a)		9.77	%		9.64	%		9.35	%		9.33	%		9.20	%
Book value per share		14.56			14.30			13.92			13.73			13.23
Tangible book value per share (a)		11.89			11.64			11.25			11.05			10.55

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

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

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

Capital ratios remained strong during the quarter and reflected growth in retained earnings. Compared with the prior quarter, the Tier 1 common equity ratio* increased 13 bps to 9.77 percent. The tangible common equity to tangible assets ratio* was 9.15 percent (excluding unrealized gains/losses) and 9.49 percent (including unrealized gains/losses). The Tier 1 capital ratio increased 11 bps to 12.31 percent. The Total capital ratio increased 17 bps to 16.24 percent and the Leverage ratio increased 8 bps to 11.39 percent. Capital ratios were reduced during the quarter by approximately 7 bps due to the repurchase of $75 million in common shares.

Book value per share at June 30, 2012 was $14.56 and tangible book value per share* was $11.89, compared with March 31, 2012 book value per share of $14.30 and tangible book value per share of $11.64.

U.S. banking regulators have recently proposed new capital rules for U.S. banks as well as changes to risk-weightings for assets, which implement portions of rules proposed by international banking regulators known as Basel III and Basel II. Fifth Third would be subject to the proposed “standardized approach” for risk-weightings of assets and would be subject to the Market Risk Rule for trading assets and liabilities. These proposals have been presented for public comment. We are currently evaluating these proposals and their potential impact. We fully expect that our current capital ratios, as well as our capital ratios pro forma for changes as currently proposed and as if they were fully phased in today, would substantially exceed new

* Non-GAAP measure; See Reg. G reconciliation on page 34

14

well-capitalized minimums including fully phased-in minimums. Our current capital ratios also substantially exceed current U.S. well-capitalized minimums.

Fifth Third has previously made estimates of its pro forma Tier 1 common ratio, as if the new Basel III rules were implemented into U.S. banking regulations and fully phased in. The estimate of this ratio for the first quarter of 2012 was 10.0 percent. The new capital rules proposed by U.S. banking regulators include changes to both capital definitions and risk-weighted assets. The changes to capital definitions were largely consistent with previous expectations, although they remain subject to comment and final rule-making. The proposed changes to risk-weighted assets had not been previously proposed and do not derive directly from Basel proposed rules for non-“internationally active” banks, such as Fifth Third. As a result, our previous estimates for our pro forma Tier 1 common ratio did not include such changes to risk-weighted assets. While we continue to evaluate these proposals and their potential impact, we believe the proposed rules would increase our risk-weighted assets and would lower our estimated pro forma Tier 1 common ratio relative to our current Tier 1 common ratio of 9.8 percent. As noted, the proposed rules remain subject to public comment, interpretation, and change.

Under the Dodd-Frank Act financial reform legislation, trust preferred securities (“TruPS”) were to be phased out of Tier 1 capital over three years beginning in 2013. The new regulations proposed by U.S. banking regulators also propose to cease Tier 1 capital treatment for outstanding TruPS with a similar phasing period. Fifth Third’s Tier 1 and Total capital levels at June 30, 2012 included $2.2 billion of TruPS, or 2.1 percent of risk weighted assets. On July 9, 2012, Fifth Third announced that it would call the $862.5 million of Capital Trust VI TruPS on August 8, 2012 due to a determination of a Capital Treatment Event. On July 2, 2012, Fifth Third announced that it would call the $575 million of Capital Trust V TruPS on August 15, 2012. The pro forma regulatory capital ratios for Fifth Third as of June 30, 2012, including the impact of Fifth Third’s call of $1.4 billion in TruPS in July of 2012, were as follows: Tier 1 Capital ratio of 11.0%, Total capital ratio of 14.9% and leverage ratio of 10.1%. We will continue to evaluate the role of these types of securities in our capital structure, based on regulatory developments. To the extent these types of securities remain outstanding during and after the phase-in period they would be expected to continue to be included in Total capital, subject to final rule-making for U.S. capital standards.

Fifth Third is one of 31 large U.S. Bank Holding Companies (BHCs) subject to the Federal Reserve’s (FRB) Capital Plans Rule which was issued November 22, 2011, and is also subject to the FRB’s Comprehensive Capital Analysis & Review process for 19 large U.S. BHCs. Under this rule, we are required to submit an annual capital plan to the Federal Reserve, for its objection or non-objection. Fifth Third submitted its capital plan on January 9, 2012, as required. The submitted plan included an evaluation of results under four required macroeconomic scenarios: a baseline and stress scenario determined by the firms, and a baseline and stress scenario provided by the FRB. As required, the plan also included those capital actions Fifth Third intended to pursue or contemplate during the period covered by the FRB’s response, which was for 2012 and the first quarter of 2013. Our plan for the covered period included the possibility that we would increase our common dividend and would initiate common share repurchases, although any such actions would be based

15

on the FRB’s non-objection, environmental conditions, earnings results, our capital position and other factors, as well as approval by the Fifth Third Board of Directors, at the time such actions were considered. On March 13, 2012, the FRB provided a response to Fifth Third that included no objection to Fifth Third’s current common dividend level, plans to repurchase common shares in an amount equal to any after-tax gains on the sale of Vantiv shares, and the potential to redeem $1.4 billion in TruPS, and included an objection to other plans to increase the common dividend and initiate additional common share repurchases. We do not believe that the FRB’s objection was based on our financial condition. In its analysis published on March 13, 2012 of stress scenario results for the 19 CCAR banks, the FRB indicated that Fifth Third’s stressed capital levels would exceed all minimum capital standards, including the assumption that Fifth Third pursued the capital actions it assumed under baseline scenario conditions during and after the covered period subject to Federal Reserve non-objection.

Fifth Third resubmitted its capital plan to the Federal Reserve on June 8, 2012, using updated macroeconomic scenarios as of March 31, 2012. The resubmitted plan included capital actions and distributions for the covered period through March 31, 2013 that were substantially similar to those included in our original submission, with adjustments primarily reflecting the change in the expected timing of capital actions and distributions relative to the timing assumed in our original submission. The Capital Plans Rule provides that the Fed will respond no later than 75 days after re-submission.

During the second quarter we repurchased $75 million of common shares as a result of our realized gains in Vantiv’s IPO and as part of our previously authorized 30 million share repurchase program. In total, 5,470,696 shares were repurchased at an average price of $13.7094. Upon completion of the transaction, Fifth Third has remaining authority to repurchase approximately 14 million shares under its existing share repurchase authorization.

Tax Rate

The effective tax rate was 31.8 percent this quarter compared with 28.6 percent in the first quarter. The higher rate was due to tax expense of $19 million associated with the expiration of employee stock options.

Other

Following Vantiv, LLC’s initial public offering, Fifth Third Bank owns 84 million units representing a 39 percent interest in Vantiv Holding, LLC, formerly Fifth Third Processing Solutions, LLC. This interest is recorded on Fifth Third’s balance sheet as an equity method investment with a book value of approximately $640 million. Based upon Vantiv’s closing price of $23.29 on June 29, 2012, our interest in Vantiv was valued at approximately $2.0 billion. The difference between the market value and our book value is not recognized in Fifth Third’s equity or capital. Additionally, Fifth Third has a warrant to purchase additional shares in Vantiv which is carried as a derivative asset at a fair value of $213 million.

16

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 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, August 2 by dialing 800-585-8367 for domestic access and 404-537-3406 for international access (passcode 93003209#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of June 30, 2012, the Company had $118 billion in assets and operated 15 affiliates with 1,322 full-service Banking Centers, including 105 Bank Mart® locations open seven days a week inside select grocery stores and 2,409 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 39% interest in Vantiv Holding, LLC, formerly Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2012, had $291 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the NASDAQ® National Global Select Market under the symbol “FITB.”

Forward-Looking Statements

This news release contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is anticipated,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements we may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us.

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) general economic conditions and weakening in the economy, specifically the real estate market, either nationally or in the states in which Fifth Third, one or more acquired entities and/or the combined company do business, are less favorable than expected; (2) deteriorating credit quality; (3) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes in the interest rate environment reduce interest margins; (5) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (6) Fifth Third’s ability to maintain required capital levels and adequate sources of funding and liquidity; (7) maintaining capital requirements may limit Fifth Third’s operations and potential growth; (8) changes and trends in capital markets; (9) problems encountered by larger or similar financial institutions may adversely affect the banking industry and/or Fifth Third; (10) competitive

17

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 from the separation of 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.

# # #

18

Quarterly Financial Review for June 30, 2012

Table of Contents

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

19

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended									% Change						Year to Date						% Change
	June 2012			March 2012			June 2011			Seq			Yr/Yr			June 2012			June 2011			Yr/ Yr
Income Statement Data
Net interest income (a)	$	899		$	903		$	869			—			3	%	$	1,802		$	1,752			3	%
Noninterest income		678			769			656			(12	%)		3	%		1,448			1,240			17	%
Total revenue (a)		1,577			1,672			1,525			(6	%)		3	%		3,250			2,992			9	%
Provision for loan and lease losses		71			91			113			(21	%)		(37	%)		162			281			(42	%)
Noninterest expense		937			973			901			(4	%)		4	%		1,911			1,819			5	%
Net income attributable to Bancorp		385			430			337			(10	%)		14	%		815			602			35	%
Net income available to common shareholders		376			421			328			(11	%)		15	%		797			417			91	%
Common Share Data
Earnings per share, basic	$	0.41		$	0.46		$	0.36			(11	%)		14	%	$	0.87		$	0.46			89	%
Earnings per share, diluted		0.40			0.45			0.35			(11	%)		14	%		0.85			0.46			85	%
Cash dividends per common share		0.08			0.08			0.06			—			33	%		0.16			0.12			33	%
Book value per share		14.56			14.30			13.23			2	%		10	%		14.56			13.23			10	%
Market price per share		13.40			14.04			12.75			(5	%)		5	%		13.40			12.75			5	%
Common shares outstanding (in thousands)		918,913			920,056			919,818			—			—			918,913			919,818			—
Average common shares outstanding (in thousands):
Basic		913,541			915,226			914,601			—			—			914,383			897,808			2	%
Diluted		954,622			957,416			955,478			—			—			956,016			907,484			5	%
Market capitalization	$	12,313		$	12,918		$	11,728			(5	%)		5	%	$	12,313		$	11,728			5	%
Financial Ratios
Return on assets		1.32	%		1.49	%		1.22	%		(11	%)		8	%		1.40	%		1.09	%		28	%
Return on average common equity		11.4	%		13.1	%		11.0	%		(13	%)		4	%		12.2	%		7.2	%		69	%
Return on average tangible common equity (b)		14.1	%		16.2	%		14.0	%		(13	%)		1	%		15.2	%		9.3	%		63	%
Noninterest income as a percent of total revenue		43	%		46	%		43	%		(7	%)		—			45	%		41	%		10	%
Average equity as a percent of average assets		11.58	%		11.49	%		11.12	%		1	%		4	%		11.54	%		11.44	%		1	%
Tangible common equity (c) (d)		9.15	%		9.02	%		8.64	%		1	%		6	%		9.15	%		8.64	%		6	%
Net interest margin (a)		3.56	%		3.61	%		3.62	%		(1	%)		(2	%)		3.59	%		3.66	%		(2	%)
Efficiency (a)		59.4	%		58.3	%		59.1	%		2	%		1	%		58.8	%		60.8	%		(3	%)
Effective tax rate		31.8	%		28.6	%		33.3	%		11	%		(5	%)		30.2	%		31.8	%		(5	%)
Credit Quality
Net losses charged off	$	181		$	220		$	304			(18	%)		(40	%)	$	401		$	671			(40	%)
Net losses charged off as a percent of average loans and leases		0.88	%		1.08	%		1.56	%		(19	%)		(44	%)		0.98	%		1.74	%		(44	%)
Allowance for loan and lease losses as a percent of loans and leases		2.45	%		2.59	%		3.35	%		(5	%)		(27	%)		2.45	%		3.35	%		(27	%)
Allowance for credit losses as a percent of loans and leases		2.66	%		2.81	%		3.61	%		(5	%)		(26	%)		2.66	%		3.61	%		(26	%)
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned (e)		1.96	%		2.03	%		2.66	%		(3	%)		(26	%)		1.96	%		2.66	%		(26	%)
Average Balances
Loans and leases, including held for sale	$	84,508		$	83,757		$	79,153			1	%		7	%	$	84,132		$	79,265			6	%
Total securities and other short-term investments		17,168			16,735			17,192			3	%		—			16,952			17,241			(2	%)
Total assets		117,654			116,325			111,200			1	%		6	%		116,989			111,023			5	%
Transaction deposits (f)		77,621			77,135			71,506			1	%		9	%		77,378			70,838			9	%
Core deposits (g)		81,980			81,686			78,244			—			5	%		81,833			77,887			5	%
Wholesale funding (h)		17,533			16,596			16,433			6	%		7	%		17,065			16,430			4	%
Bancorp shareholders’ equity		13,628			13,366			12,365			2	%		10	%		13,497			12,706			6	%
Regulatory Capital Ratios (i)
Tier I capital		12.31	%		12.20	%		11.93	%		1	%		3	%		12.31	%		11.93	%		3	%
Total risk-based capital		16.24	%		16.07	%		16.03	%		1	%		1	%		16.24	%		16.03	%		1	%
Tier I leverage		11.39	%		11.31	%		11.03	%		1	%		3	%		11.39	%		11.03	%		3	%
Tier I common equity (d)		9.77	%		9.64	%		9.20	%		1	%		6	%		9.77	%		9.20	%		6	%
Operations
Banking centers		1,322			1,315			1,316			1	%		—			1,322			1,316			—
ATMs		2,409			2,404			2,456			—			(2	%)		2,409			2,456			(2	%)
Full-time equivalent employees		20,888			21,206			20,953			(1	%)		—			20,888			20,953			—

(a) Presented on a fully taxable equivalent basis

(b) The return on average tangible common equity is calculated as tangible net income available to common shareholders (net income available to common shareholders excluding tax effected amortization of intangibles) divided by average tangible common equity, (average common equity less goodwill and intangible assets).

(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 (total assets less goodwill, intangible assets and accumulated other comprehensive income.)

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

(e) Excludes nonaccrual loans held for sale

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

(g) Includes transaction deposits plus other time deposits

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

(i) Current period regulatory capital ratios are estimates

20

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended
	June 2012			March 2012			December 2011			September 2011			June 2011
Income Statement Data
Net interest income (a)	$	899		$	903		$	920		$	902		$	869
Noninterest income		678			769			550			665			656
Total revenue (a)		1,577			1,672			1,470			1,567			1,525
Provision for loan and lease losses		71			91			55			87			113
Noninterest expense		937			973			993			946			901
Net income attributable to Bancorp		385			430			314			381			337
Net income available to common shareholders		376			421			305			373			328
Common Share Data
Earnings per share, basic	$	0.41		$	0.46		$	0.33		$	0.41		$	0.36
Earnings per share, diluted		0.40			0.45			0.33			0.40			0.35
Cash dividends per common share		0.08			0.08			0.08			0.08			0.06
Book value per share		14.56			14.30			13.92			13.73			13.23
Market price per share		13.40			14.04			12.72			10.10			12.75
Common shares outstanding (in thousands)		918,913			920,056			919,804			919,779			919,818
Average common shares outstanding (in thousands):
Basic		913,541			915,226			914,997			914,947			914,601
Diluted		954,622			957,416			956,349			955,490			955,478
Market capitalization	$	12,313		$	12,918		$	11,700		$	9,290		$	11,728
Financial Ratios
Return on assets		1.32	%		1.49	%		1.08	%		1.34	%		1.22	%
Return on average common equity		11.4	%		13.1	%		9.5	%		11.9	%		11.0	%
Return on average tangible common equity (b)		14.1	%		16.2	%		11.9	%		14.9	%		14.0	%
Noninterest income as a percent of total revenue		43	%		46	%		37	%		42	%		43	%
Average equity as a percent of average assets		11.58	%		11.49	%		11.41	%		11.33	%		11.12	%
Tangible common equity (c) (d)		9.15	%		9.02	%		8.68	%		8.63	%		8.64	%
Net interest margin (a)		3.56	%		3.61	%		3.67	%		3.65	%		3.62	%
Efficiency (a)		59.4	%		58.3	%		67.5	%		60.4	%		59.1	%
Effective tax rate		31.8	%		28.6	%		24.9	%		27.9	%		33.3	%
Credit Quality
Net losses charged off	$	181		$	220		$	239		$	262		$	304
Net losses charged off as a percent of average loans and leases		0.88	%		1.08	%		1.19	%		1.32	%		1.56	%
Allowance for loan and lease losses as a percent of loans and leases		2.45	%		2.59	%		2.78	%		3.08	%		3.35	%
Allowance for credit losses as a percent of loans and leases		2.66	%		2.81	%		3.01	%		3.32	%		3.61	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned (e)		1.96	%		2.03	%		2.23	%		2.44	%		2.66	%
Average Balances
Loans and leases, including held for sale	$	84,508		$	83,757		$	82,278		$	80,013		$	79,153
Total securities and other short-term investments		17,168			16,735			17,248			18,142			17,192
Total assets		117,654			116,325			115,268			113,295			111,200
Transaction deposits (f)		77,621			77,135			75,627			72,214			71,506
Core deposits (g)		81,980			81,686			80,587			78,222			78,244
Wholesale funding (h)		17,533			16,596			16,939			17,928			16,433
Bancorp shareholders’ equity		13,628			13,366			13,147			12,841			12,365
Regulatory Capital Ratios (i)
Tier I capital		12.31	%		12.20	%		11.91	%		11.96	%		11.93	%
Total risk-based capital		16.24	%		16.07	%		16.09	%		16.25	%		16.03	%
Tier I leverage		11.39	%		11.31	%		11.10	%		11.08	%		11.03	%
Tier I common equity (d)		9.77	%		9.64	%		9.35	%		9.33	%		9.20	%
Operations
Banking centers		1,322			1,315			1,316			1,314			1,316
ATMs		2,409			2,404			2,425			2,437			2,456
Full-time equivalent employees		20,888			21,206			21,334			21,172			20,953

(a) Presented on a fully taxable equivalent basis

(b) The return on average tangible common equity is calculated as tangible net income available to common shareholders (net income available to common shareholders excluding tax effected amortization of intangibles) divided by average tangible common equity, (average common equity less goodwill and intangible assets).

(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 (total assets less goodwill, intangible assets and accumulated other comprehensive income.)

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

(e) Excludes nonaccrual loans held for sale

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

(g) Includes transaction deposits plus other time deposits

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

(i) Current period regulatory capital ratios are estimates

21

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income

$ in millions

(unaudited)

	For the Three Months Ended						% Change						Year to Date				% Change
	June 2012		March 2012		June 2011		Seq			Yr/Yr			June 2012		June 2011		Yr/Yr
Interest Income
Interest and fees on loans and leases	$	891	$	898	$	893		(1	%)		—		$	1,789	$	1,803		(1	%)
Interest on securities		135		141		151		(4	%)		(10	%)		276		300		(8	%)
Interest on other short-term investments		1		1		1		8	%		(24	%)		2		2		(26	%)
Total interest income		1,027		1,040		1,045		(1	%)		(2	%)		2,067		2,105		(2	%)
Interest Expense
Interest on deposits		55		58		97		(5	%)		(43	%)		114		203		(44	%)
Interest on short-term borrowings		2		1		1		NM			—			3		2		89	%
Interest on long-term debt		75		83		83		(9	%)		(9	%)		157		157		—
Total interest expense		132		142		181		(7	%)		(27	%)		274		362		(24	%)
Net Interest Income		895		898		864		—			4	%		1,793		1,743		3	%
Provision for loan and lease losses		71		91		113		(21	%)		(37	%)		162		281		(42	%)
Net interest income after provision for loan and lease losses		824		807		751		2	%		10	%		1,631		1,462		12	%
Noninterest Income
Service charges on deposits		130		129		126		1	%		4	%		260		250		4	%
Corporate banking revenue		102		97		95		5	%		7	%		199		181		10	%
Mortgage banking net revenue		183		204		162		(10	%)		13	%		387		264		47	%
Investment advisory revenue		93		96		95		(4	%)		(2	%)		190		193		(2	%)
Card and processing revenue		64		59		89		9	%		(28	%)		122		169		(28	%)
Other Noninterest Income		103		175		83		(41	%)		25	%		279		164		71	%
Securities gains, net		3		9		6		(67	%)		(50	%)		11		14		(21	%)
Securities gains, net - non-qualifying hedges on mortgage servicing rights		—		—		—		—			—			—		5		(100	%)
Total noninterest income		678		769		656		(12	%)		3	%		1,448		1,240		17	%
Noninterest Expense
Salaries, wages and incentives		393		399		365		(2	%)		8	%		792		716		11	%
Employee benefits		84		112		79		(25	%)		6	%		195		176		11	%
Net occupancy expense		74		77		75		(4	%)		(1	%)		151		152		(1	%)
Technology and communications		48		47		48		3	%		1	%		95		93		2	%
Equipment expense		27		27		28		—			(2	%)		55		57		(4	%)
Card and processing expense		30		30		29		2	%		4	%		60		58		4	%
Other noninterest expense		281		281		277		—			1	%		563		567		(1	%)
Total noninterest expense		937		973		901		(4	%)		4	%		1,911		1,819		5	%
Income before income taxes		565		603		506		(6	%)		12	%		1,168		883		32	%
Applicable income taxes		180		173		169		4	%		7	%		352		281		25	%
Net Income		385		430		337		(11	%)		14	%		816		602		35	%
Less: Net income attributable to noncontrolling interest		—		—		—		—			—			1		—		(100	%)
Net income attributable to Bancorp		385		430		337		(10	%)		14	%		815		602		35	%
Dividends on preferred stock		9		9		9		—			—			18		185		(90	%)
Net income available to common shareholders	$	376	$	421	$	328		(11	%)		15	%	$	797	$	417		91	%

22

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	June 2012		March 2012		December 2011			September 2011		June 2011
Interest Income
Interest and fees on loans and leases	$	891	$	898	$	911		$	899	$	893
Interest on securities		135		141		145			155		151
Interest on other short-term investments		1		1		1			1		1
Total interest income		1,027		1,040		1,057			1,055		1,045
Taxable equivalent adjustment		4		5		4			4		5
Total interest income (taxable equivalent)		1,031		1,045		1,061			1,059		1,050
Interest Expense
Interest on deposits		55		58		65			84		97
Interest on short-term borrowings		2		1		1			1		1
Interest on long-term debt		75		83		75			72		83
Total interest expense		132		142		141			157		181
Net interest income (taxable equivalent)		899		903		920			902		869
Provision for loan and lease losses		71		91		55			87		113
Net interest income (taxable equivalent) after provision for loan and lease losses		828		812		865			815		756
Noninterest Income
Service charges on deposits		130		129		136			134		126
Corporate banking revenue		102		97		82			87		95
Mortgage banking net revenue		183		204		156			178		162
Investment advisory revenue		93		96		90			92		95
Card and processing revenue		64		59		60			78		89
Other noninterest income		103		175		24			64		83
Securities gains, net		3		9		5			26		6
Securities gains, net - non-qualifying hedges on mortgage servicing rights		—		—		(3	)		6		—
Total noninterest income		678		769		550			665		656
Noninterest Expense
Salaries, wages and incentives		393		399		393			369		365
Employee benefits		84		112		84			70		79
Net occupancy expense		74		77		79			75		75
Technology and communications		48		47		48			48		48
Equipment expense		27		27		27			28		28
Card and processing expense		30		30		28			34		29
Other noninterest expense		281		281		334			322		277
Total noninterest expense		937		973		993			946		901
Income before income taxes (taxable equivalent)		569		608		422			534		511
Taxable equivalent adjustment		4		5		4			4		5
Income before income taxes		565		603		418			530		506
Applicable income taxes		180		173		104			149		169
Net Income		385		430		314			381		337
Less: Net Income attributable to noncontrolling interest		—		—		—			—		—
Net income attributable to Bancorp		385		430		314			381		337
Dividends on preferred stock		9		9		9			8		9
Net income available to common shareholders	$	376	$	421	$	305		$	373	$	328

23

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	June 2012			March 2012			June 2011			Seq			Yr/Yr
Assets
Cash and due from banks	$	2,393		$	2,235		$	2,380			7	%		1	%
Available-for-sale and other securities (a)		15,552			16,093			15,502			(3	%)		—
Held-to-maturity securities (b)		305			321			344			(5	%)		(11	%)
Trading securities		200			195			217			3	%		(8	%)
Other short-term investments		1,964			1,628			1,370			21	%		43	%
Loans held for sale		1,863			1,584			1,185			18	%		57	%
Portfolio loans and leases:
Commercial and industrial loans		32,612			32,155			28,099			1	%		16	%
Commercial mortgage loans		9,662			9,909			10,233			(2	%)		(6	%)
Commercial construction loans		822			901			1,778			(9	%)		(54	%)
Commercial leases		3,467			3,512			3,326			(1	%)		4	%
Residential mortgage loans		11,429			11,094			9,849			3	%		16	%
Home equity		10,377			10,493			11,048			(1	%)		(6	%)
Automobile loans		11,739			11,832			11,315			(1	%)		4	%
Credit card		1,943			1,896			1,856			3	%		5	%
Other consumer loans and leases		308			321			463			(4	%)		(33	%)
Portfolio loans and leases		82,359			82,113			77,967			—			6	%
Allowance for loan and lease losses		(2,016	)		(2,126	)		(2,614	)		(5	%)		(23	%)
Portfolio loans and leases, net		80,343			79,987			75,353			—			7	%
Bank premises and equipment		2,506			2,485			2,395			1	%		5	%
Operating lease equipment		511			495			492			3	%		4	%
Goodwill		2,417			2,417			2,417			—			—
Intangible assets		33			36			49			(10	%)		(34	%)
Servicing rights		736			767			847			(4	%)		(13	%)
Other assets		8,720			8,504			8,254			3	%		6	%
Total assets	$	117,543		$	116,747		$	110,805			1	%		6	%
Liabilities
Deposits:
Demand	$	26,251		$	26,385		$	22,589			(1	%)		16	%
Interest checking		23,197			23,971			18,072			(3	%)		28	%
Savings		22,011			22,245			21,764			(1	%)		1	%
Money market		4,223			4,275			4,859			(1	%)		(13	%)
Foreign office		1,265			1,251			3,271			1	%		(61	%)
Other time		4,261			4,446			6,399			(4	%)		(33	%)
Certificates - $100,000 and over		3,065			3,162			3,642			(3	%)		(16	%)
Other		—			56			2			(100	%)		(88	%)
Total deposits		84,273			85,791			80,598			(2	%)		5	%
Federal funds purchased		641			319			403			101	%		59	%
Other short-term borrowings		4,613			2,877			2,702			60	%		71	%
Accrued taxes, interest and expenses		1,491			1,436			1,067			4	%		40	%
Other liabilities		3,016			3,066			3,282			(2	%)		(8	%)
Long-term debt		9,685			9,648			10,152			—			(5	%)
Total liabilities		103,719			103,137			98,204			1	%		6	%
Equity
Common stock		2,051			2,051			2,051			—			—
Preferred stock		398			398			398			—			—
Capital surplus		2,752			2,803			2,769			(2	%)		(1	%)
Retained earnings		8,201			7,902			7,024			4	%		17	%
Accumulated other comprehensive income		454			468			396			(3	%)		15	%
Treasury stock		(83	)		(62	)		(66	)		34	%		26	%
Total Bancorp shareholders’ equity		13,773			13,560			12,572			2	%		10	%
Noncontrolling interest		51			50			29			—			74	%
Total Equity		13,824			13,610			12,601			2	%		10	%
Total liabilities and equity	$	117,543		$	116,747		$	110,805			1	%		6	%
(a) Amortized cost	$	14,818		$	15,341		$	14,889			(3	%)		—
(b) Market values		305			321			344			(5	%)		(11	%)
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			2,000,000			—			—
Outstanding, excluding treasury		918,913			920,056			919,818			—			—
Treasury		4,979			3,836			4,074			30	%		22	%

24

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	June 2012			March 2012			December 2011			September 2011			June 2011
Assets
Cash and due from banks	$	2,393		$	2,235		$	2,663		$	2,348		$	2,380
Available-for-sale and other securities (a)		15,552			16,093			15,362			16,227			15,502
Held-to-maturity securities (b)		305			321			322			337			344
Trading securities		200			195			177			189			217
Other short-term investments		1,964			1,628			1,781			2,028			1,370
Loans held for sale		1,863			1,584			2,954			1,840			1,185
Portfolio loans and leases:
Commercial and industrial loans		32,612			32,155			30,783			29,258			28,099
Commercial mortgage loans		9,662			9,909			10,138			10,330			10,233
Commercial construction loans		822			901			1,020			1,213			1,778
Commercial leases		3,467			3,512			3,531			3,368			3,326
Residential mortgage loans		11,429			11,094			10,672			10,249			9,849
Home equity		10,377			10,493			10,719			10,920			11,048
Automobile loans		11,739			11,832			11,827			11,593			11,315
Credit card		1,943			1,896			1,978			1,878			1,856
Other consumer loans and leases		308			321			350			407			463
Portfolio loans and leases		82,359			82,113			81,018			79,216			77,967
Allowance for loan and lease losses		(2,016	)		(2,126	)		(2,255	)		(2,439	)		(2,614	)
Portfolio loans and leases, net		80,343			79,987			78,763			76,777			75,353
Bank premises and equipment		2,506			2,485			2,447			2,410			2,395
Operating lease equipment		511			495			497			462			492
Goodwill		2,417			2,417			2,417			2,417			2,417
Intangible assets		33			36			40			45			49
Servicing rights		736			767			681			662			847
Other assets		8,720			8,504			8,863			9,163			8,254
Total assets	$	117,543		$	116,747		$	116,967		$	114,905		$	110,805
Liabilities
Deposits:
Demand	$	26,251		$	26,385		$	27,600		$	24,547		$	22,589
Interest checking		23,197			23,971			20,392			18,616			18,072
Savings		22,011			22,245			21,756			21,673			21,764
Money market		4,223			4,275			4,989			5,448			4,859
Foreign office		1,265			1,251			3,250			3,139			3,271
Other time		4,261			4,446			4,638			5,439			6,399
Certificates - $100,000 and over		3,065			3,162			3,039			3,092			3,642
Other		—			56			46			93			2
Total deposits		84,273			85,791			85,710			82,047			80,598
Federal funds purchased		641			319			346			427			403
Other short-term borrowings		4,613			2,877			3,239			4,894			2,702
Accrued taxes, interest and expenses		1,491			1,436			1,469			1,307			1,067
Other liabilities		3,016			3,066			3,270			3,372			3,282
Long-term debt		9,685			9,648			9,682			9,800			10,152
Total liabilities		103,719			103,137			103,716			101,847			98,204
Equity
Common stock		2,051			2,051			2,051			2,051			2,051
Preferred stock		398			398			398			398			398
Capital surplus		2,752			2,803			2,792			2,780			2,769
Retained earnings		8,201			7,902			7,554			7,323			7,024
Accumulated other comprehensive income		454			468			470			542			396
Treasury stock		(83	)		(62	)		(64	)		(65	)		(66	)
Total Bancorp shareholders’ equity		13,773			13,560			13,201			13,029			12,572
Noncontrolling interest		51			50			50			29			29
Total Equity		13,824			13,610			13,251			13,058			12,601
Total liabilities and equity	$	117,543		$	116,747		$	116,967		$	114,905		$	110,805
(a) Amortized cost	$	14,818		$	15,341		$	14,614		$	15,427		$	14,889
(b) Market values		305			321			322			337			344
(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		918,913			920,056			919,804			919,779			919,818
Treasury		4,979			3,836			4,088			4,114			4,074

25

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Equity

$ in millions

(unaudited)

	For the Three Months Ended						Year to Date
	June 2012			June 2011			June 2012			June 2011
Total equity, beginning	$	13,610		$	12,192		$	13,251		$	14,080
Net income attributable to Bancorp		385			337			815			602
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		(12	)		121			(9	)		77
Qualifying cash flow hedges		(4	)		10			(11	)		1
Change in accumulated other comprehensive income related to employee benefit plans		2			2			4			4
Comprehensive income		371			470			799			684
Cash dividends declared:
Common stock		(74	)		(55	)		(148	)		(110	)
Preferred stock		(9	)		(9	)		(18	)		(33	)
Issuance of common stock		—			—			—			1,648
TARP repayment		—			—			—			(3,408	)
Stock-based awards exercised, including treasury shares issued		(18	)		—			(15	)		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		19			3			30			18
Shares acquired for treasury		(75	)		—			(75	)		—
Noncontrolling interest		—			—			—			—
Total equity, ending	$	13,824		$	12,601		$	13,824		$	12,601

26

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	June 2012			March 2012			June 2011			Seq			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	32,770		$	31,421		$	27,970			4	%		17	%
Commercial mortgage loans		9,873			10,077			10,491			(2	%)		(6	%)
Commercial construction loans		886			1,008			1,950			(12	%)		(55	%)
Commercial leases		3,471			3,543			3,349			(2	%)		4	%
Residential mortgage loans		13,059			12,928			10,655			1	%		23	%
Home equity		10,430			10,606			11,144			(2	%)		(6	%)
Automobile loans		11,755			11,882			11,188			(1	%)		5	%
Credit card		1,915			1,926			1,834			(1	%)		4	%
Other consumer loans and leases		349			366			572			(5	%)		(39	%)
Taxable securities		15,548			15,313			15,115			2	%		3	%
Tax exempt securities		62			59			96			6	%		(35	%)
Other short-term investments		1,558			1,363			1,981			14	%		(21	%)
Total interest-earning assets		101,676			100,492			96,345			1	%		6	%
Cash and due from banks		2,264			2,345			2,356			(3	%)		(4	%)
Other assets		15,835			15,734			15,298			1	%		4	%
Allowance for loan and lease losses		(2,121	)		(2,246	)		(2,799	)		(6	%)		(24	%)
Total assets	$	117,654		$	116,325		$	111,200			1	%		6	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	23,548		$	22,308		$	18,701			6	%		26	%
Savings		22,143			21,944			21,817			1	%		1	%
Money market		4,258			4,543			5,009			(6	%)		(15	%)
Foreign office		1,321			2,277			3,805			(42	%)		(65	%)
Other time		4,359			4,551			6,738			(4	%)		(35	%)
Certificates - $100,000 and over		3,130			3,178			3,955			(2	%)		(21	%)
Other		23			19			2			20	%		NM
Federal funds purchased		408			370			344			10	%		19	%
Other short-term borrowings		4,303			3,261			1,605			32	%		168	%
Long-term debt		9,669			9,768			10,527			(1	%)		(8	%)
Total interest-bearing liabilities		73,162			72,219			72,503			1	%		1	%
Demand deposits		26,351			26,063			22,174			1	%		19	%
Other liabilities		4,462			4,627			4,129			(4	%)		8	%
Total liabilities		103,975			102,909			98,806			1	%		5	%
Equity		13,679			13,416			12,394			2	%		10	%
Total liabilities and equity	$	117,654		$	116,325		$	111,200			1	%		6	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.13	%		4.20	%		4.35	%
Commercial mortgage loans		3.81	%		3.95	%		4.00	%
Commercial construction loans		3.05	%		3.04	%		3.01	%
Commercial leases		3.68	%		3.79	%		4.06	%
Residential mortgage loans		4.12	%		4.17	%		4.54	%
Home equity		3.80	%		3.85	%		3.91	%
Automobile loans		3.76	%		3.99	%		4.81	%
Credit card		9.92	%		9.43	%		9.91	%
Other consumer loans and leases		42.87	%		40.13	%		22.02	%
Total loans and leases		4.26	%		4.34	%		4.54	%
Taxable securities		3.48	%		3.68	%		3.97	%
Tax exempt securities		5.02	%		5.60	%		6.41	%
Other short-term investments		0.24	%		0.26	%		0.25	%
Total interest-earning assets		4.08	%		4.18	%		4.37	%
Interest-bearing liabilities:
Interest checking		0.22	%		0.22	%		0.26	%
Savings		0.19	%		0.21	%		0.33	%
Money market		0.22	%		0.22	%		0.29	%
Foreign office		0.27	%		0.26	%		0.29	%
Other time		1.60	%		1.62	%		2.40	%
Certificates - $100,000 and over		1.50	%		1.55	%		2.05	%
Other		0.13	%		0.08	%		0.02	%
Federal funds purchased		0.15	%		0.10	%		0.11	%
Other short-term borrowings		0.17	%		0.12	%		0.16	%
Long-term debt		3.11	%		3.41	%		3.16	%
Total interest-bearing liabilities		0.73	%		0.79	%		1.00	%
Ratios:
Net interest margin (taxable equivalent)		3.56	%		3.61	%		3.62	%
Net interest rate spread (taxable equivalent)		3.35	%		3.39	%		3.37	%
Interest-bearing liabilities to interest-earning assets		71.96	%		71.87	%		75.25	%

27

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	Year to Date						% Change
	June 2012			June 2011			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	32,095		$	27,689			16	%
Commercial mortgage loans		9,975			10,652			(6	%)
Commercial construction loans		947			2,017			(53	%)
Commercial leases		3,507			3,356			4	%
Residential mortgage loans		12,994			10,695			21	%
Home equity		10,518			11,259			(7	%)
Automobile loans		11,819			11,130			6	%
Credit card		1,920			1,843			4	%
Other consumer loans and leases		357			624			(43	%)
Taxable securities		15,430			15,135			2	%
Tax exempt securities		61			147			(59	%)
Other short-term investments		1,461			1,959			(25	%)
Total interest-earning assets		101,084			96,509			5	%
Cash and due from banks		2,304			2,313			—
Other assets		15,785			15,095			5	%
Allowance for loan and lease losses		(2,184	)		(2,894	)		(25	%)
Total assets	$	116,989		$	111,023			5	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	22,928		$	18,621			23	%
Savings		22,043			21,572			2	%
Money market		4,401			5,072			(13	%)
Foreign office		1,799			3,693			(51	%)
Other time		4,455			7,049			(37	%)
Certificates - $100,000 and over		3,154			4,090			(23	%)
Other		21			2			NM
Federal funds purchased		389			327			19	%
Other short-term borrowings		3,782			1,622			133	%
Long-term debt		9,719			10,389			(6	%)
Total interest-bearing liabilities		72,691			72,437			—
Demand deposits		26,207			21,880			20	%
Other liabilities		4,544			3,970			14	%
Total liabilities		103,442			98,287			5	%
Equity		13,547			12,736			6	%
Total liabilities and equity	$	116,989		$	111,023			5	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.16	%		4.40	%
Commercial mortgage loans		3.88	%		4.06	%
Commercial construction loans		3.05	%		3.08	%
Commercial leases		3.73	%		4.12	%
Residential mortgage loans		4.15	%		4.60	%
Home equity		3.82	%		3.94	%
Automobile loans		3.87	%		4.95	%
Credit card		9.67	%		10.17	%
Other consumer loans and leases		41.46	%		20.14	%
Total loans and leases		4.30	%		4.61	%
Taxable securities		3.58	%		3.96	%
Tax exempt securities		5.31	%		5.31	%
Other short-term investments		0.25	%		0.25	%
Total interest-earning assets		4.13	%		4.42	%
Interest-bearing liabilities:
Interest checking		0.22	%		0.27	%
Savings		0.20	%		0.38	%
Money market		0.22	%		0.30	%
Foreign office		0.26	%		0.30	%
Other time		1.61	%		2.38	%
Certificates - $100,000 and over		1.52	%		2.02	%
Other		0.11	%		0.03	%
Federal funds purchased		0.13	%		0.12	%
Other short-term borrowings		0.15	%		0.18	%
Long-term debt		3.26	%		3.05	%
Total interest-bearing liabilities		0.76	%		1.01	%
Ratios:
Net interest margin (taxable equivalent)		3.59	%		3.66	%
Net interest rate spread (taxable equivalent)		3.37	%		3.41	%
Interest-bearing liabilities to interest-earning assets		71.91	%		75.06	%

28

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	June 2012			March 2012			December 2011			September 2011			June 2011
Assets
Interest-earning assets:
Commercial and industrial loans	$	32,770		$	31,421		$	29,954		$	28,824		$	27,970
Commercial mortgage loans		9,873			10,077			10,350			10,140			10,491
Commercial construction loans		886			1,008			1,155			1,777			1,950
Commercial leases		3,471			3,543			3,352			3,300			3,349
Residential mortgage loans		13,059			12,928			12,638			11,224			10,655
Home equity		10,430			10,606			10,810			10,985			11,144
Automobile loans		11,755			11,882			11,696			11,445			11,188
Credit card		1,915			1,926			1,906			1,864			1,834
Other consumer loans and leases		349			366			417			454			572
Taxable securities		15,548			15,313			15,270			15,790			15,115
Tax exempt securities		62			59			58			64			96
Other short-term investments		1,558			1,363			1,915			2,288			1,981
Total interest-earning assets		101,676			100,492			99,521			98,155			96,345
Cash and due from banks		2,264			2,345			2,418			2,362			2,356
Other assets		15,835			15,734			15,758			15,381			15,298
Allowance for loan and lease losses		(2,121	)		(2,246	)		(2,429	)		(2,603	)		(2,799	)
Total assets	$	117,654		$	116,325		$	115,268		$	113,295		$	111,200
Liabilities
Interest-bearing liabilities:
Interest checking	$	23,548		$	22,308		$	19,263		$	18,322		$	18,701
Savings		22,143			21,944			21,715			21,747			21,817
Money market		4,258			4,543			5,255			5,213			5,009
Foreign office		1,321			2,277			3,325			3,255			3,805
Other time		4,359			4,551			4,960			6,008			6,738
Certificates - $100,000 and over		3,130			3,178			3,085			3,376			3,955
Other		23			19			16			7			2
Federal funds purchased		408			370			348			376			344
Other short-term borrowings		4,303			3,261			3,793			4,033			1,605
Long-term debt		9,669			9,768			9,707			10,136			10,527
Total interest-bearing liabilities		73,162			72,219			71,467			72,473			72,503
Demand deposits		26,351			26,063			26,069			23,677			22,174
Other liabilities		4,462			4,627			4,536			4,275			4,129
Total liabilities		103,975			102,909			102,072			100,425			98,806
Equity		13,679			13,416			13,196			12,870			12,394
Total liabilities and equity	$	117,654		$	116,325		$	115,268		$	113,295		$	111,200
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.13	%		4.20	%		4.28	%		4.29	%		4.35	%
Commercial mortgage loans		3.81	%		3.95	%		3.89	%		3.94	%		4.00	%
Commercial construction loans		3.05	%		3.04	%		3.04	%		3.02	%		3.01	%
Commercial leases		3.68	%		3.79	%		3.87	%		3.87	%		4.06	%
Residential mortgage loans		4.12	%		4.17	%		4.16	%		4.47	%		4.54	%
Home equity		3.80	%		3.85	%		3.87	%		3.89	%		3.91	%
Automobile loans		3.76	%		3.99	%		4.27	%		4.52	%		4.81	%
Credit card		9.92	%		9.43	%		9.66	%		9.49	%		9.91	%
Other consumer loans and leases		42.87	%		40.13	%		36.95	%		30.76	%		22.02	%
Total loans and leases		4.26	%		4.34	%		4.41	%		4.48	%		4.54	%
Taxable securities		3.48	%		3.68	%		3.75	%		3.88	%		3.97	%
Tax exempt securities		5.02	%		5.60	%		5.42	%		5.84	%		6.41	%
Other short-term investments		0.24	%		0.26	%		0.24	%		0.25	%		0.25	%
Total interest-earning assets		4.08	%		4.18	%		4.23	%		4.28	%		4.37	%
Interest-bearing liabilities:
Interest checking		0.22	%		0.22	%		0.24	%		0.25	%		0.26	%
Savings		0.19	%		0.21	%		0.23	%		0.25	%		0.33	%
Money market		0.22	%		0.22	%		0.22	%		0.27	%		0.29	%
Foreign office		0.27	%		0.26	%		0.25	%		0.26	%		0.29	%
Other time		1.60	%		1.62	%		1.77	%		2.27	%		2.40	%
Certificates - $100,000 and over		1.50	%		1.55	%		1.73	%		2.09	%		2.05	%
Other		0.13	%		0.08	%		0.03	%		0.03	%		0.02	%
Federal funds purchased		0.15	%		0.10	%		0.10	%		0.10	%		0.11	%
Other short-term borrowings		0.17	%		0.12	%		0.10	%		0.10	%		0.16	%
Long-term debt		3.11	%		3.41	%		3.09	%		2.85	%		3.16	%
Total interest-bearing liabilities		0.73	%		0.79	%		0.79	%		0.86	%		1.00	%
Ratios:
Net interest margin (taxable equivalent)		3.56	%		3.61	%		3.67	%		3.65	%		3.62	%
Net interest rate spread (taxable equivalent)		3.35	%		3.39	%		3.44	%		3.42	%		3.37	%
Interest-bearing liabilities to interest-earning assets		71.96	%		71.86	%		71.81	%		73.83	%		75.25	%

29

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	June 2012		March 2012		December 2011		September 2011		June 2011
Average Loans and Leases
Commercial:
Commercial and industrial loans	$	32,734	$	31,371	$	29,891	$	28,777	$	27,909
Commercial mortgage loans		9,810		10,007		10,262		10,050		10,394
Commercial construction loans		873		992		1,132		1,752		1,918
Commercial leases		3,469		3,543		3,351		3,300		3,349
Subtotal - commercial		46,886		45,913		44,636		43,879		43,570
Consumer:
Residential mortgage loans		11,274		10,828		10,464		10,006		9,654
Home equity		10,430		10,606		10,810		10,985		11,144
Automobile loans		11,755		11,882		11,696		11,445		11,188
Credit card		1,915		1,926		1,906		1,864		1,834
Other consumer loans and leases		326		345		402		441		547
Subtotal - consumer		35,700		35,587		35,278		34,741		34,367
Total average loans and leases (excluding held for sale)	$	82,586	$	81,500	$	79,914	$	78,620	$	77,937
Average loans held for sale		1,920		2,257		2,364		1,393		1,216
End of Period Loans and Leases
Commercial:
Commercial and industrial loans	$	32,612	$	32,155	$	30,783	$	29,258	$	28,099
Commercial mortgage loans		9,662		9,909		10,138		10,330		10,233
Commercial construction loans		822		901		1,020		1,213		1,778
Commercial leases		3,467		3,512		3,531		3,368		3,326
Subtotal - commercial		46,563		46,477		45,472		44,169		43,436
Consumer:
Residential mortgage loans		11,429		11,094		10,672		10,249		9,849
Home equity		10,377		10,493		10,719		10,920		11,048
Automobile loans		11,739		11,832		11,827		11,593		11,315
Credit card		1,943		1,896		1,978		1,878		1,856
Other consumer loans and leases		308		321		350		407		463
Subtotal - consumer		35,796		35,636		35,546		35,047		34,531
Total portfolio loans and leases	$	82,359	$	82,113	$	81,018	$	79,216	$	77,967
Core business activity		1,803		1,467		2,816		1,643		1,009
Portfolio management activity		60		117		138		197		176
Total loans held for sale		1,863		1,584		2,954		1,840		1,185
Operating lease equipment		511		495		497		462		492
Loans and Leases Serviced for Others (a):
Commercial and industrial loans		682		585		606		640		602
Commercial mortgage loans		319		319		286		301		304
Commercial construction loans		41		41		64		67		67
Commercial leases		184		171		166		94		104
Residential mortgage loans		61,631		60,384		57,126		56,483		56,026
Home equity		—		—		—		—		—
Automobile loans		—		—		—		—		—
Credit card		—		—		—		—		—
Other consumer loans and leases		—		—		—		—		—
Total loans and leases serviced for others		62,857		61,500		58,248		57,585		57,103
Total loans and leases serviced	$	147,590	$	145,692	$	142,717	$	139,103	$	136,747

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

30

Fifth Third Bancorp and Subsidiaries

Regulatory Capital (a)

$ in millions

(unaudited)

	As of
	June 2012			March 2012			December 2011			September 2011			June 2011
Tier I capital:
Bancorp shareholders’ equity	$	13,773		$	13,560		$	13,201		$	13,029		$	12,572
Goodwill and certain other intangibles		(2,512	)		(2,518	)		(2,514	)		(2,514	)		(2,536	)
Unrealized (gains) losses		(454	)		(468	)		(470	)		(542	)		(396	)
Qualifying trust preferred securities		2,248			2,248			2,248			2,273			2,312
Other		38			38			38			20			20
Total tier I capital	$	13,093		$	12,860		$	12,503		$	12,266		$	11,972
Total risk-based capital:
Tier I capital	$	13,093		$	12,860		$	12,503		$	12,266		$	11,972
Qualifying allowance for credit losses		1,342			1,331			1,328			1,299			1,275
Qualifying subordinated notes		2,846			2,745			3,054			3,098			2,837
Total risk-based capital	$	17,281		$	16,936		$	16,885		$	16,663		$	16,084
Risk-weighted assets (b)	$	106,398		$	105,412		$	104,945		$	102,562		$	100,320
Ratios:		11.58	%		11.49	%		11.41	%		11.33	%		11.12	%
Average shareholders’ equity to average assets
Regulatory capital:
Fifth Third Bancorp
Tier I capital		12.31	%		12.20	%		11.91	%		11.96	%		11.93	%
Total risk-based capital		16.24	%		16.07	%		16.09	%		16.25	%		16.03	%
Tier I leverage		11.39	%		11.31	%		11.10	%		11.08	%		11.03	%
Tier I common equity		9.77	%		9.64	%		9.35	%		9.33	%		9.20	%
Fifth Third Bank
Tier I capital		12.72	%		12.40	%		12.02	%		12.32	%		13.26	%
Total risk-based capital		14.19	%		13.88	%		13.61	%		14.18	%		15.13	%
Tier I leverage		11.75	%		11.51	%		11.20	%		11.40	%		12.25	%
Tier I common equity		12.72	%		12.40	%		12.02	%		12.32	%		13.26	%

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

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

31

Fifth Third Bancorp and Subsidiaries

Summary of Credit Loss Experience

$ in millions

(unaudited)

	For the Three Months Ended
	June 2012			March 2012			December 2011			September 2011			June 2011
Average loans and leases (excluding held for sale):
Commercial and industrial loans	$	32,734		$	31,371		$	29,891		$	28,777		$	27,909
Commercial mortgage loans		9,810			10,007			10,262			10,050			10,394
Commercial construction loans		873			992			1,132			1,752			1,918
Commercial leases		3,469			3,543			3,351			3,300			3,349
Residential mortgage loans		11,274			10,828			10,464			10,006			9,654
Home equity		10,430			10,606			10,810			10,985			11,144
Automobile loans		11,755			11,882			11,696			11,445			11,188
Credit card		1,915			1,926			1,906			1,864			1,834
Other consumer loans and leases		326			345			402			441			547
Total average loans and leases (excluding held for sale)	$	82,586		$	81,500		$	79,914		$	78,620		$	77,937
Losses charged off:
Commercial and industrial loans	($	53	)	($	60	)	($	76	)	($	62	)	($	86	)
Commercial mortgage loans		(28	)		(37	)		(53	)		(49	)		(51	)
Commercial construction loans		(6	)		(20	)		(6	)		(35	)		(21	)
Commercial leases		(8	)		—			(1	)		—			—
Residential mortgage loans		(38	)		(38	)		(38	)		(38	)		(37	)
Home equity		(43	)		(50	)		(54	)		(56	)		(58	)
Automobile loans		(13	)		(16	)		(20	)		(19	)		(18	)
Credit card		(24	)		(24	)		(25	)		(26	)		(31	)
Other consumer loans and leases		(6	)		(8	)		(7	)		(9	)		(41	)
Total losses		(219	)		(253	)		(280	)		(294	)		(343	)
Recoveries of losses previously charged off:
Commercial and industrial loans		7			6			14			7			10
Commercial mortgage loans		3			7			6			2			4
Commercial construction loans		6			2			2			—			1
Commercial leases		1			—			1			1			2
Residential mortgage loans		2			1			2			2			1
Home equity		4			4			4			3			4
Automobile loans		6			7			7			7			10
Credit card		6			4			4			8			3
Other consumer loans and leases		3			2			1			2			4
Total recoveries		38			33			41			32			39
Net losses charged off:
Commercial and industrial loans		(46	)		(54	)		(62	)		(55	)		(76	)
Commercial mortgage loans		(25	)		(30	)		(47	)		(47	)		(47	)
Commercial construction loans		—			(18	)		(4	)		(35	)		(20	)
Commercial leases		(7	)		—			—			1			2
Residential mortgage loans		(36	)		(37	)		(36	)		(36	)		(36	)
Home equity		(39	)		(46	)		(50	)		(53	)		(54	)
Automobile loans		(7	)		(9	)		(13	)		(12	)		(8	)
Credit card		(18	)		(20	)		(21	)		(18	)		(28	)
Other consumer loans and leases		(3	)		(6	)		(6	)		(7	)		(37	)
Total net losses charged off	($	181	)	($	220	)	($	239	)	($	262	)	($	304	)
Net charge-off Ratios:
Commercial and industrial loans		0.57	%		0.69	%		0.82	%		0.76	%		1.10	%
Commercial mortgage loans		1.04	%		1.18	%		1.82	%		1.86	%		1.83	%
Commercial construction loans		(0.12	%)		7.30	%		1.37	%		7.90	%		4.09	%
Commercial leases		0.87	%		0.01	%		(0.01	%)		(0.12	%)		(0.25	%)
Residential mortgage loans		1.28	%		1.39	%		1.38	%		1.41	%		1.50	%
Home equity		1.50	%		1.76	%		1.83	%		1.89	%		1.94	%
Automobile loans		0.21	%		0.33	%		0.44	%		0.41	%		0.29	%
Credit card		3.78	%		4.18	%		4.29	%		3.86	%		6.08	%
Other consumer loans and leases		3.95	%		5.51	%		6.75	%		6.67	%		26.47	%
Total net charge-off ratio		0.88	%		1.08	%		1.19	%		1.32	%		1.56	%

32

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	June 2012			March 2012			December 2011			September 2011			June 2011
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	2,126		$	2,255		$	2,439		$	2,614		$	2,805
Total net losses charged off		(181	)		(220	)		(239	)		(262	)		(304	)
Provision for loan and lease losses		71			91			55			87			113
Allowance for loan and lease losses, ending	$	2,016		$	2,126		$	2,255		$	2,439		$	2,614
Reserve for unfunded commitments, beginning	$	179		$	181		$	187		$	197		$	211
Provision for unfunded commitments		(1	)		(2	)		(6	)		(10	)		(14	)
Reserve for unfunded commitments, ending	$	178		$	179		$	181		$	187		$	197
Components of allowance for credit losses:
Allowance for loan and lease losses	$	2,016		$	2,126		$	2,255		$	2,439		$	2,614
Reserve for unfunded commitments		178			179			181			187			197
Total allowance for credit losses	$	2,194		$	2,305		$	2,436		$	2,626		$	2,811
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	377		$	358		$	408		$	449		$	485
Commercial mortgage loans		357			347			358			353			417
Commercial construction loans		99			118			123			151			147
Commercial leases		3			8			9			13			16
Residential mortgage loans		135			135			134			142			145
Home equity		30			26			25			25			26
Automobile loans		1			1			—			—			1
Other consumer loans and leases		—			1			1			1			3
Total nonaccrual portfolio loans and leases		1,002			994			1,058			1,134			1,240
Restructured loans and leases - commercial (non accrual)		147			157			160			189			188
Restructured loans and leases - consumer (non accrual)		193			201			220			215			211
Total nonperforming portfolio loans and leases		1,342			1,352			1,438			1,538			1,639
Repossessed property		9			8			14			17			15
Other real estate owned		268			313			364			389			434
Total nonperforming assets (a)		1,619			1,673			1,816			1,944			2,088
Nonaccrual loans held for sale		55			110			131			171			147
Restructured loans - commercial (non accrual) held for sale		5			7			7			26			29
Total nonperforming assets including loans held for sale	$	1,679		$	1,790		$	1,954		$	2,141		$	2,264
Restructured portfolio consumer loans and leases (accrual)	$	1,624		$	1,624		$	1,612		$	1,601		$	1,593
Restructured portfolio commercial loans and leases (accrual)	$	455		$	481		$	390		$	349		$	266
Ninety days past due loans and leases:
Commercial and industrial loans	$	2		$	2		$	4		$	9		$	7
Commercial mortgage loans		22			30			3			10			12
Commercial construction loans		—			—			1			43			48
Commercial leases		—			—			—			1			1
Total commercial loans and leases		24			32			8			63			68
Residential mortgage loans		80			73			79			91			87
Home equity		67			74			74			83			84
Automobile loans		8			8			9			9			10
Credit card		24			29			30			28			30
Other consumer loans and leases		—			—			—			—			—
Total consumer loans and leases		179			184			192			211			211
Total ninety days past due loans and leases	$	203		$	216		$	200		$	274		$	279
Ratios
Net losses charged off as a percent of average loans and leases		0.88	%		1.08	%		1.19	%		1.32	%		1.56	%
Allowance for loan and lease losses:
As a percent of loans and leases		2.45	%		2.59	%		2.78	%		3.08	%		3.35	%
As a percent of nonperforming loans and leases (a)		150	%		157	%		157	%		158	%		160	%
As a percent of nonperforming assets (a)		125	%		127	%		124	%		125	%		125	%
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned (a)		1.62	%		1.64	%		1.76	%		1.93	%		2.09	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (a)		1.96	%		2.03	%		2.23	%		2.44	%		2.66	%
Nonperforming assets as a percent of total loans, leases and other assets, including other real estate owned		1.99	%		2.13	%		2.32	%		2.64	%		2.84	%

(a) Does not include nonaccrual loans held for sale

33

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ and shares in millions

(unaudited)

	For the Three Months Ended
	June 2012			March 2012			December 2011			September 2011			June 2011
Income before income taxes (U.S. GAAP)		565			603			418			530			506
Add: Provision expense (U.S. GAAP)		71			91			55			87			113
Pre-provision net revenue		636			694			473			617			619
Net income available to common shareholders (U.S. GAAP)		376			421			305			373			328
Add: Intangible amortization, net of tax		2			3			3			3			4
Tangible net income available to common shareholders		378			424			308			376			332
Tangible net income available to common shareholders (annualized) (a)		1,520			1,705			1,222			1,492			1,332
Average Bancorp shareholders’ equity (U.S. GAAP)		13,628			13,366			13,147			12,841			12,365
Less: Average preferred stock		398			398			398			398			398
Average goodwill		2,417			2,417			2,417			2,417			2,417
Average intangible assets		34			38			42			47			52
Average tangible common equity (b)		10,779			10,513			10,290			9,979			9,498
Total Bancorp shareholders’ equity (U.S. GAAP)		13,773			13,560			13,201			13,029			12,572
Less: Preferred stock		(398	)		(398	)		(398	)		(398	)		(398	)
Goodwill		(2,417	)		(2,417	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(33	)		(36	)		(40	)		(45	)		(49	)
Tangible common equity, including unrealized gains / losses (c)		10,925			10,709			10,346			10,169			9,708
Less: Accumulated other comprehensive income / loss		(454	)		(468	)		(470	)		(542	)		(396	)
Tangible common equity, excluding unrealized gains / losses (d)		10,471			10,241			9,876			9,627			9,312
Add: Preferred stock		398			398			398			398			398
Tangible equity (e)		10,869			10,639			10,274			10,025			9,710
Total assets (U.S. GAAP)		117,543			116,747			116,967			114,905			110,805
Less: Goodwill		(2,417	)		(2,417	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(33	)		(36	)		(40	)		(45	)		(49	)
Tangible assets, including unrealized gains / losses (f)		115,093			114,294			114,510			112,443			108,339
Less: Accumulated other comprehensive income / loss, before tax		(698	)		(720	)		(723	)		(834	)		(609	)
Tangible assets, excluding unrealized gains / losses (g)		114,395			113,574			113,787			111,609			107,730
Total Bancorp shareholders’ equity (U.S. GAAP)		13,773			13,560			13,201			13,029			12,572
Goodwill and certain other intangibles		(2,512	)		(2,518	)		(2,514	)		(2,514	)		(2,536	)
Unrealized gains		(454	)		(468	)		(470	)		(542	)		(396	)
Qualifying trust preferred securities		2,248			2,248			2,248			2,273			2,312
Other		38			38			38			20			20
Tier I capital		13,093			12,860			12,503			12,266			11,972
Less: Preferred stock		(398	)		(398	)		(398	)		(398	)		(398	)
Qualifying trust preferred securities		(2,248	)		(2,248	)		(2,248	)		(2,273	)		(2,312	)
Qualifying noncontrolling interest in consolidated subsidiaries		(50	)		(50	)		(50	)		(30	)		(30	)
Tier I common equity (h)		10,397			10,164			9,807			9,565			9,232
Common shares outstanding (i)		919			920			920			920			920
Risk-weighted assets, determined in accordance with prescribed regulatory requirements (j)		106,398			105,412			104,945			102,562			100,320
Ratios:
Return on average tangible common equity (a) / (b)		14.10	%		16.22	%		11.88	%		14.95	%		14.02	%
Tangible equity (e) / (g)		9.50	%		9.37	%		9.03	%		8.98	%		9.01	%
Tangible common equity (excluding unrealized gains/losses) (d) / (g)		9.15	%		9.02	%		8.68	%		8.63	%		8.64	%
Tangible common equity (including unrealized gains/losses) (c) / (f)		9.49	%		9.37	%		9.04	%		9.04	%		8.96	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (d) / (j)		9.84	%		9.72	%		9.41	%		9.39	%		9.28	%
Tangible book value per share (c) / (i)	$	11.89		$	11.64		$	11.25		$	11.05		$	10.55
Tier I common equity (h) / (j)		9.77	%		9.64	%		9.35	%		9.33	%		9.20	%

34

Fifth Third Bancorp and Subsidiaries

Segment Presentation

$ in millions

(unaudited)

For the three months ended June 30, 2012	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		352			342			77			29			99			899
Provision for loan and lease losses		(61	)		(69	)		(49	)		(2	)		110			(71	)
Net interest income after provision for loan and lease losses		291			273			28			27			209			828
Total noninterest income		177			205			189			98			9			678
Total noninterest expense		(269	)		(401	)		(166	)		(112	)		11			(937	)
Net income before taxes		199			77			51			13			229			569
Applicable income taxes (a)		(36	)		(27	)		(18	)		(5	)		(98	)		(184	)
Net income		163			50			33			8			131			385
Net income attributable to noncontrolling interest		—			—			—			—			—			—
Net income attributable to Bancorp		163			50			33			8			131			385
Dividends on preferred stock		—			—			—			—			9			9
Net income available to common shareholders		163			50			33			8			122			376
For the three months ended March 31, 2012	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		353			335			80			27			108			903
Provision for loan and lease losses		(76	)		(86	)		(54	)		(3	)		128			(91	)
Net interest income after provision for loan and lease losses		277			249			26			24			236			812
Total noninterest income		177			190			211			97			94			769
Total noninterest expense		(288	)		(394	)		(162	)		(110	)		(19	)		(973	)
Net income before taxes		166			45			75			11			311			608
Applicable income taxes (a)		(24	)		(16	)		(27	)		(4	)		(107	)		(178	)
Net income		142			29			48			7			204			430
Net income attributable to noncontrolling interest		—			—			—			—			—			—
Net income attributable to Bancorp		142			29			48			7			204			430
Dividends on preferred stock		—			—			—			—			9			9
Net income available to common shareholders		142			29			48			7			195			421
For the three months ended December 31, 2011	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		359			365			87			28			81			920
Provision for loan and lease losses		(88	)		(92	)		(56	)		(1	)		182			(55	)
Net interest income after provision for loan and lease losses		271			273			31			27			263			865
Total noninterest income		144			205			157			88			(44	)		550
Total noninterest expense		(270	)		(387	)		(171	)		(104	)		(61	)		(993	)
Net income before taxes		145			91			17			11			158			422
Applicable income taxes (a)		(13	)		(32	)		(6	)		(4	)		(53	)		(108	)
Net income		132			59			11			7			105			314
Net income attributable to noncontrolling interest		—			—			—			—			—			—
Net income attributable to Bancorp		132			59			11			7			105			314
Dividends on preferred stock		—			—			—			—			9			9
Net income available to common shareholders		132			59			11			7			96			305
For the three months ended September 30, 2011	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		345			359			85			28			85			902
Provision for loan and lease losses		(104	)		(87	)		(55	)		(15	)		174			(87	)
Net interest income after provision for loan and lease losses		241			272			30			13			259			815
Total noninterest income		159			215			191			92			8			665
Total noninterest expense		(258	)		(399	)		(158	)		(105	)		(26	)		(946	)
Net income before taxes		142			88			63			—			241			534
Applicable income taxes (a)		(12	)		(31	)		(22	)		—			(88	)		(153	)
Net income		130			57			41			—			153			381
Dividends on preferred stock		—			—			—			—			8			8
Net income available to common shareholders		130			57			41			—			145			373
For the three months ended June 30, 2011	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		339			359			81			28			62			869
Provision for loan and lease losses		(147	)		(98	)		(55	)		(4	)		191			(113	)
Net interest income after provision for loan and lease losses		192			261			26			24			253			756
Total noninterest income		163			213			167			95			18			656
Total noninterest expense		(276	)		(391	)		(147	)		(104	)		17			(901	)
Net income before taxes		79			83			46			15			288			511
Applicable income taxes (a)		9			(29	)		(16	)		(5	)		(133	)		(174	)
Net income		88			54			30			10			155			337
Dividends on preferred stock		—			—			—			—			9			9
Net income available to common shareholders		88			54			30			10			146			328

(a) Includes taxable equivalent adjustments of $4 million for the three months ended June 30, 2012, $5 million for the three months ended March 31, 2012, $4 million for the three months ended December 31, 2011, $4 million for the three months ended September 30, 2011, and $5 million for the three months ended June 30, 2011.

35

EX-99.2

©

Fifth Third Bank | All Rights Reserved

2Q12 Earnings Conference Call

July 19, 2012

Please

refer

to

earnings

release

dated

July

19,

2012

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 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 from the separation of 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.

3

©

Fifth Third Bank | All Rights Reserved

Net income available to common shareholders of $376mm ($0.40 per

diluted common share), vs. $421mm ($0.45 per

share) in 1Q12 and $328mm ($0.35 per share) in 2Q11

—

Results included a benefit of $56mm pre-tax gain (~$36mm after-tax, or $0.04 per share) on the valuation of the

warrant Fifth Third holds in Vantiv; 1Q12 included Vantiv related benefits of ~$0.09 per share

—

Effective tax rate of 31.8% vs. 28.6% in 1Q12; seasonal increase

in income taxes of $19mm (after-tax) related to

expiration of stock options

—

Return on assets (ROA) of 1.32%; return on average common equity

of 11.4%; return on average tangible common

equity** of 14.1%

Credit trends remain favorable

—

Net charge-offs (NCOs) of $181mm (0.88% of loans and leases) down $39mm (20

bps) vs. 1Q12; lowest since 4Q07

—

Provision expense of $71mm, down $20mm vs. 1Q12; loan loss allowance down $110mm sequentially; allowance

to loan ratio of 2.45%, 125% of nonperforming assets (NPAs), 150% of nonperforming loans and leases (NPLs),

and 2.8 times 2Q12 annualized NCOs

—

Total NPAs of $1.7B including loans held-for-sale (HFS) down $111mm, or 6%, from 1Q12; NPAs excluding loans

HFS of $1.6B down $54mm, or 3%; lowest since 1Q08

—

NPA ratio of 1.96% down 7 bps from 1Q12, NPL ratio of 1.62% down

2 bps from 1Q12

—

Total delinquencies (loans 30-89 days past due and

90 days past due) down 2% sequentially, lowest since 2005

Strong capital ratios*

2Q12 in review

* Capital ratios estimated; presented under current U.S. capital regulations. U.S. banking regulators have recently proposed new capital rules for U.S. banks as well as

changes to risk-weightings (“the Standardized Approach”). The proposals have been presented for public comment. We are currently evaluating these proposals and their

potential impact.

** Non-GAAP measure; see Reg. G reconciliation in appendix.

*** Pro forma regulatory capital ratios for Fifth Third as of June 30, 2012, including the impact of Fifth Third’s call of $1.4 billion in trust preferred securities (“TruPS”) in

July of 2012, were as follows: Tier 1 Capital ratio of 11.0%, Total capital ratio of 14.9% and leverage ratio of 10.1%.

—

Tier 1 common ratio 9.77%**, up 13 bps sequentially

—

Tier 1 capital ratio 12.31%***, Total capital ratio 16.24%***, Leverage ratio 11.39%***

—

Tangible common equity ratio** of 9.15% excluding unrealized gains/losses; 9.49% including them

—

Book value per share of $14.56; tangible book value per share** of $11.89 up 2% from 1Q12 and 13% from 2Q11

4

©

Fifth Third Bank | All Rights Reserved

Financial summary

•

2Q12 earnings of $0.40 per diluted share included benefit of $56mm ($0.04 per share after-tax) on the valuation of the

warrant Fifth Third holds in Vantiv

compared with

1Q12 EPS of $0.45, which included net Vantiv-related benefits of

$127 million ($0.09 per share after-tax).

•

Return on assets of 1.32% up 10 bps compared with 2Q11 due to strong core results resulting from focus on fee

income, continued expense management, and higher gains on Vantiv

warrants

Actual

Seq.

YOY

($ in millions)

2Q11

1Q12

2Q12

$

%

$

%

Average Balances

Commercial loans*

$43,570

$45,913

$46,886

$973

2%

$3,316

8%

Consumer loans*

34,367

35,587

35,700

113

-

1,333

4%

Total loans & leases*

$77,937

$81,500

$82,586

$1,086

1%

$4,649

6%

Core deposits

$78,244

$81,686

$81,980

$294

-

$3,736

5%

Income Statement Data

Net interest income (taxable equivalent)

$869

$903

$899

($4)

-

$30

3%

Provision for loan and lease losses

113

91

71

(20)

(21%)

(42)

(37%)

Noninterest income

656

769

678

(91)

(12%)

22

3%

Noninterest expense

901

973

937

(36)

(4%)

36

4%

Net Income

$337

$430

$385

($45)

(10%)

$48

14%

Net income available to common shareholders

$328

$421

$376

($45)

(11%)

$48

15%

Pre-provision net revenue^

$619

$694

$636

($58)

(8%)

$17

3%

Earnings per share, diluted

$0.35

$0.45

$0.40

($0.05)

(11%)

$0.05

14%

Net interest margin

3.62%

3.61%

3.56%

(5bps)

(1%)

(6bps)

(2%)

Return on average assets

1.22%

1.49%

1.32%

(17bps)

(11%)

10bps

8%

Return on average common equity

11.0%

13.1%

11.4%

(170bps)

(13%)

40bps

4%

Return on average tangible common equity^

14.0%

16.2%

14.1%

(210bps)

(13%)

10bps

1%

* Excluding loans held-for-sale

^

Non-GAAP measure; See Reg. G reconciliation in appendix 

Note: Numbers may not sum due to rounding and percentages are calculated on actual dollar amounts not the rounded dollar amounts

5

©

Fifth Third Bank | All Rights Reserved

Net interest income

NII and NIM (FTE)

•

Sequential net interest income decline reflected asset yield compression in loans and

securities, partially offset by growth in C&I and residential mortgage loan balances

–

NII down $4mm sequentially and up $30mm, or 3%, year-over-year

–

NIM down 5 bps sequentially and 6 bps year-over-year

•

Yield on interest-earning assets declined 10 bps sequentially and 29 bps year-over-year

* Represents purchase accounting adjustments included in net interest income.

($mm)

Yield Analysis

2Q11

1Q12

2Q12

Seq.

(bps)

YoY

(bps)

Commercial and industrial loans

4.35%

4.20%

4.13%

(7)

(22)

Commercial mortgage loans

4.00%

3.95%

3.81%

(14)

(19)

Commercial construction loans

3.01%

3.04%

3.05%

1

4

Commercial leases

4.06%

3.79%

3.68%

(11)

(38)

Residential mortgage loans

4.54%

4.17%

4.12%

(5)

(42)

Home equity

3.91%

3.85%

3.80%

(5)

(11)

Automobile loans

4.81%

3.99%

3.76%

(23)

(105)

Credit card

9.91%

9.43%

9.92%

49

1

Other consumer loans and leases

22.02%

40.13%

42.87%

274

NM

Total loans and leases

4.54%

4.34%

4.26%

(8)

(28)

Taxable securities

3.97%

3.68%

3.48%

(20)

(49)

Tax exempt securities

6.41%

5.60%

5.02%

(58)

(139)

Other short-term investments

0.25%

0.26%

0.24%

(2)

(1)

Total interest-earning assets

4.37%

4.18%

4.08%

(10)

(29)

Total interest-bearing liabilities

1.00%

0.79%

0.73%

(6)

(27)

Net interest spread

3.37%

3.39%

3.35%

(4)

(2)

$899

3.62%

3.65%

3.67%

3.61%

3.56%

$450

$550

$650

$750

$850

$950

2.0%

2.5%

3.0%

3.5%

4.0%

2Q11

3Q11

4Q11

1Q12

2Q12

Net Interest Income (right axis)

PAA*

NIM

$869

$902

$920

$903

Balance sheet

•

C&I loans up 4% sequentially and 17% from 2Q11

•

CRE loans down 3% sequentially and 13% from

2Q11

•

Consumer loans were flat sequentially and up 4%

year-over-year

•

Average warehoused residential mortgage loans

held-for-sale were $1.8B in 2Q12 versus $2.1B in

1Q12

Flat QoQ; +5% YoY

•

Core deposit to loan ratio of 99% down 1% versus

2Q11

–

DDAs up 1% sequentially and 19% year-over-

year

–

Consumer average transaction deposits up

1% sequentially and 6% from the previous

year

–

Commercial average transaction deposits flat

sequentially and up 12% from the previous

year

Average loan growth ($B)^

Average core deposit growth ($B)

^ Excludes loans held-for-sale

Note: Numbers may not sum due to rounding

6

©

Fifth Third Bank | All Rights Reserved

44

44

45

46

47

34

35

35

36

36

2Q11

3Q11

4Q11

1Q12

2Q12

Commercial Loans

Consumer Loans

80

22

24

26

26

26

46

45

46

49

50

11

9

8

7

6

2Q11

3Q11

4Q11

1Q12

2Q12

Demand

IBT/Savings/MMDA

Consumer CD/Core foreign

83

78

82

78

79

78

81

82

82

7

©

Fifth Third Bank | All Rights Reserved

Noninterest income

•

Noninterest income of $678mm decreased $91mm, or 12%, from prior

quarter primarily due to the 1Q12 benefit of the

Vantiv, Inc. IPO; 3% year-over-year increase driven by higher Vantiv warrant valuation and mortgage banking

revenue

•

2Q12 debit interchange revenue of $30mm, versus $29mm in 1Q12 and $60mm in 2Q11

•

Credit costs recorded in noninterest income:

Noninterest income

Note: Numbers may not sum due to rounding

Actual

($ in millions)

2Q11

1Q12

2Q12

Gain / (loss) on sale of loans

$8

$5

$8

Commercial loans HFS FV adjustment

(9)

(1)

(5)

Gain / (loss) on sale of OREO properties

(26)

(17)

(19)

Mortgage repurchase costs

-

(2)

(2)

Total credit-related revenue impact

($28)

($14)

($17)

Actual

Seq.

YOY

2Q11

1Q12

2Q12

$

%

$

%

($ in millions)

Service charges on deposits

$126

$129

$130

$1

1%

$4

4%

Corporate banking revenue

95

97

102

5

5%

7

7%

Mortgage banking net revenue

162

204

183

(21)

(10%)

21

13%

Investment advisory revenue

95

96

93

(3)

(4%)

(2)

(2%)

Card and processing revenue

89

59

64

5

9%

(25)

(28%)

Other noninterest income

83

175

103

(72)

(41%)

20

25%

Securities gains, net

6

9

3

(6)

(67%)

(3)

(50%)

Securities gains, net -

-

-

-

-

-

-

-

non-qualifying hedges on MSRs

Noninterest income

$656

$769

$678

($91)

(12%)

$22

3%

8

©

Fifth Third Bank | All Rights Reserved

Noninterest expense

Noninterest expense

•

Noninterest expense of $937mm decreased $36mm, or 4%, compared with 1Q12 and included $17 million benefit

related to affordable housing investments and FDIC insurance. Lower employee benefit costs, partially offset by

increased marketing expenses, also contributed to the sequential

decline.

•

Credit costs recorded in noninterest expense:

Note: Numbers may not sum due to rounding

Actual

Seq.

YOY

2Q11

1Q12

2Q12

$

%

$

%

($ in millions)

Salaries, wages and incentives

$365

$399

$393

($6)

(2%)

$28

8%

Employee benefits

79

112

84

(28)

(25%)

5

6%

Net occupancy expense

75

77

74

(3)

(4%)

(1)

(1%)

Technology and communications

48

47

48

1

3%

0

1%

Equipment expense

28

27

27

-

-

(1)

(2%)

Card and processing expense

29

30

30

0

2%

1

4%

Other noninterest expense

277

281

281

-

-

4

1%

Noninterest expense

$901

$973

$937

($36)

(4%)

$36

4%

Actual

($ in millions)

2Q11

1Q12

2Q12

Mortgage repurchase expense

$14

$15

$18

Provision for unfunded commitments

(14)

(2)

(1)

Derivative valuation adjustments

1

(4)

(0)

OREO expense

6

5

5

Other problem asset related expenses

29

19

19

Total credit-related operating expenses

$36

$34

$41

9

©

Fifth Third Bank | All Rights Reserved

Pre-tax pre-provision earnings*

PPNR trend

•

PPNR of $636mm down 8% from 1Q12 levels and up 3% over prior year

•

Adjusted

PPNR

of

$594mm,

including

negative

adjustments

totaling

$42mm,

up

2%

sequentially and year-over-year

PPNR reconciliation

($ in millions)

2Q11

3Q11

4Q11

1Q12

2Q12

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

$506

$530

$418

$603

$565

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

113

87

55

91

71

PPNR (a) + (b)

$619

$617

$473

$694

$636

Adjustments to remove (benefit) / detriment^:

Vantiv IPO gain

-

-

-

(115)

-

Vantiv debt refinancing

-

-

-

34

-

Valuation of 2009 Visa total return swap

4

17

54

19

17

Securities (gains) / losses

(6)

(26)

(5)

(9)

(3)

Non-income tax related assessment resolution

-

-

-

(23)

-

Vantiv warrants & puts

(29)

(3)

(10)

(46)

(56)

Extinguishment (gains) / losses

(6)

-

-

9

-

Termination of certain borrowings and hedging

    transactions

-

28

-

-

-

Severance expense

-

-

-

6

-

Valuation of bank premises moved to HFS

-

-

-

-

17

FDIC insurance expense

-

-

-

-

(9)

Gain on sale of affordable housing

-

-

-

-

(8)

Litigation reserve additions

-

4

19

13

-

Adjusted PPNR

$582

$637

$531

$582

$594

Credit-related items^^:

In noninterest income

28

25

33

14

17

In noninterest expense

36

45

44

34

41

Credit-adjusted PPNR**

$646

$707

$608

$630

$652

* Non-GAAP measure.  See Reg. G reconciliation in appendix.

** 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.

^ Prior quarters include similar adjustments.

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

Fifth Third Bank | All Rights Reserved

Strong capital position

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

^^ Pro forma regulatory capital ratios for Fifth Third as of June 30, 2012, including the impact of Fifth Third’s call of $1.4B in trust preferred securities (“TruPS”) in July of 2012

*Non-GAAP measure.  See Reg. G reconciliation in appendix.

Capital ratios remained strong during the quarter and reflected growth in retained earnings

Tangible common equity ratio^*

Tier I capital ratio

Total risk-based capital ratio

Tier 1 common equity*

10

11

©

Fifth Third Bank | All Rights Reserved

Net charge-offs

Net charge-offs by loan type

Net charge-offs by geography

$mm

%

Commercial

$78

43%

Consumer

$103

57%

Total  

$181

100%

Year-over-year charge-offs down significantly due to improving credit trends

$mm

%

Florida

$41

23%

Michigan

$35        

19%

Subtotal

$76

42%

Other

105

58%

Total

$181

100%

Actual

Seq.

YOY

($ in millions)

2Q11

1Q12

2Q12

$

%

$

%

C&I

$76

$54

$46

($8)

(15%)

($30)

(39%)

Commercial mortgage

47

30

25

(5)

(17%)

(22)

(47%)

Commercial construction

20

18

-

(18)

(100%)

(20)

(100%)

Commercial lease

(2)

-

7

7

NM

9

450%

Commercial

$141

$102

$78

($24)

(24%)

($63)

(45%)

Residential mortgage loans

36

37

36

(1)

(3%)

-

-

Home equity

54

46

39

(7)

(15%)

(15)

(28%)

Automobile

8

9

7

(2)

(22%)

(1)

(13%)

Credit card

28

20

18

(2)

(10%)

(10)

(36%)

Other consumer

37

6

3

(3)

(50%)

(34)

(92%)

Consumer

$163

$118

$103

($15)

(13%)

($60)

(37%)

Total net charge-offs

$304

$220

$181

($39)

(18%)

($123)

(40%)

Net charge-offs ($mm)

$400

$300

$200

$100

$0

$220

$181

$304

$262

$239

163

126

126

118

103

141

136

113

102

78

2Q11

3Q11

4Q11

1Q12

2Q12

C&I

25%

Coml

mortgage

14%

Coml

const.

0%

Coml lease

4%

Residential

mortgage

20%

Home

equity

22%

Auto

3%

Card

10%

Other

consumer

2%

MI

19%

OH

22%

IN

4%

IL

13%

KY

5%

Other /

National

12%

NC

2%

FL

23%

Commercial

Consumer

12

©

Fifth Third Bank | All Rights Reserved

Nonperforming assets

•

NPAs of $1.6B excluding held-for-sale down

22% year-over-year

•

Commercial NPAs of $1.2B, down 27% from

the previous year

–

Homebuilder / developer NPAs of

$114mm; represent 10% of total

commercial NPAs

•

Consumer

NPAs

of

$437mm,

down

8%

from

the previous year

•

NPAs in held-for-sale of $60mm

C&I / Lease

$486mm, 30%

CRE

$696mm, 43%

Residential

$385mm, 24%

Other Consumer

$52mm, 3%

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

NORTH

CAROLINA

OTHER /

NATIONAL

NPAs exclude loans held-for-sale.

Nonperforming assets ($mm)

$1,816

$1,673

$1,619

$2,088

$1,944

Nonperforming assets continue to improve

13

©

Fifth Third Bank | All Rights Reserved

NPL Rollforward

Significant improvement in NPL inflows over past year

Note: Numbers may not sum due to rounding

NPL HFI Rollforward

Commercial

2Q11

3Q11

4Q11

1Q12

2Q12

Beginning NPL Amount

1,211

1,253

1,155

1,058

988

Transfers to nonperforming

340

217

189

168

203

Transfers to performing

(10)

(11)

-

(1)

-

Transfers to performing (restructured)

-

(1)

-

(2)

(4)

Transfers from held for sale

-

-

4

-

(3)

Transfers to held for sale

(15)

(58)

(3)

(3)

-

Loans sold from portfolio

(7)

(17)

(21)

(8)

(4)

Loan paydowns/payoffs

(91)

(77)

(149)

(94)

(123)

Transfer to other real estate owned

(39)

(20)

(14)

(36)

(15)

Charge-offs

(141)

(136)

(113)

(101)

(79)

Draws/other extensions of credit

5

5

10

7

20

Ending Commercial NPL

1,253

1,155

1,058

988

983

Consumer

2Q11

3Q11

4Q11

1Q12

2Q12

Beginning NPL Amount

434

386

383

380

364

Transfers to nonperforming

214

201

205

184

182

Transfers to performing

(34)

(33)

(28)

(36)

(26)

Transfers to performing (restructured)

(41)

(39)

(39)

(36)

(40)

Transfers to held for sale

-

-

-

-

-

Loans sold from portfolio

(21)

-

-

(4)

-

Loan paydowns/payoffs

(27)

(27)

(26)

(28)

(32)

Transfer to other real estate owned

(15)

(16)

(30)

(18)

(18)

Charge-offs

(126)

(91)

(87)

(80)

(72)

Draws/other extensions of credit

2

2

2

2

1

Ending Consumer NPL

386

383

380

364

359

Total NPL

1,639

1,538

1,438

1,352

1,342

Total new nonaccrual loans -

HFI

554

418

394

352

385

14

©

Fifth Third Bank | All Rights Reserved

Continued improvement in credit trends

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.

NPA ratio vs. peers

Net charge-off ratio vs. peers

Loans 90+ days delinquent % vs. peers

Loans 30-89 days delinquent % vs. peers

FITB credit metrics are in line with or better than peers

* 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

15

©

Fifth Third Bank | All Rights Reserved

Strong reserve position

Peer

average

includes:

BBT,

CMA,

HBAN,

KEY,

MTB,

PNC,

RF,STI,

USB,

WFC,

and

ZION

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

2Q12 coverage ratios strong

relative to peers (1Q12)

Industry leading reserve levels

Fifth Third

(2Q12)

Peer Average

(1Q12)

16

©

Fifth Third Bank | All Rights Reserved

Mortgage repurchase overview

2Q12  balances of outstanding claims increased 23% from 1Q12

—

Within recent norms of quarterly increases and decreases

Virtually all sold loans and the majority of new claims relate to

agencies

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)

Repurchase Reserves* ($ in millions)

Outstanding Counterparty Claims ($ in millions)

2Q11

3Q11

4Q11

1Q12

2Q12

Beginning balance

$87

$80

$69

$72

$71

Net reserve additions   

15

20

20

17

20

Repurchase losses

(23)

(31)

(17)

(17)

(16)

Ending balance

$80

$69

$72

$71

$75

* Includes reps and warranty reserve ($57mm) and reserve for loans sold with recourse ($19mm)

Note: Numbers may not sum due to rounding

% Current       42%           49%           41%           37%  

41%           

Fannie

Freddie

GNMA

Private

Total

2004 and Prior

$825

$3,789

$206

$323

$5,143

2005

295

1,263

55

137

1,750

2006

385

1,038

52

234

1,709

2007

606

1,688

75

203

2,572

2008

792

1,370

595

-

2,575

2009

1,506

7,176

3,404

1

12,087

2010

3,257

7,290

2,847

-

13,395

2011

3,962

7,255

2,361

-

13,578

2012

2,734

4,355

1,555

-

8,644

Grand Total

$14,361

$35,225

$11,150

$899

$61,635

Outstanding Balance of Sold Loans ($ in millions)

$-

$20

$40

$60

$80

$100

$120

$140

$160

$180

2Q11

3Q11

4Q11

1Q12

2Q12

Agencies

Private

Total Claims

110

64

47

60

79

17

21

19

18

18

$127

$85

$66

$78

$96

—

Preponderance of private sales prior to 2006

2005-2008 vintages account for ~80% of total life to date losses of

$354mm from sold portfolio

—

99% of outstanding balance of loans sold

—

82% of current quarter outstanding claims

17

©

Fifth Third Bank | All Rights Reserved

Traditional banking focus

consistent with direction of financial reform

Business

profile

positions

Fifth

Third

well

–

today

and

in

the

future

•

Does not require substantial changes to Fifth Third’s business model or asset mix with

attendant execution risk

Dodd-Frank

•

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

foreign companies (e.g. Fifth Third loss in Lehman bankruptcy expected to be less than

$2mm)

Financial system

interconnectedness

•

Little to no impact (de minimis market maker in derivatives, proprietary trading)

–

Low trading business activity; daily VaR ~$1mm or less

–

Small private equity portfolio <$200mm

Volcker rule

•

Other large firms facing significant litigation related to mortgage securitizations, GSE

repurchases, and private label mortgage repurchases

•

Fifth Third’s mortgage risks are manageable

–

Quarterly mortgage repurchase costs in ~$20mm range

–

No mortgage securitizations outstanding

Mortgage Putback /

Litigation risk

Basel III NPR

•

Subject

to

proposed

“standardized

approach”

for

risk-weightings

of

assets,

Market

Risk

Rule for trading assets and liabilities

•

Expect current capital ratios, as well as capital ratios pro forma for changes as currently

proposed and as if they were fully phased in today, would substantially exceed new

well-capitalized minimums including fully phased-in buffered minimums

•

Continue

to

evaluate

proposals

and

potential

impact;

believe

the

proposed

rules

would

increase risk-weighted assets and would lower estimated pro forma Tier 1 common ratio

relative to current Tier 1 common ratio of 9.8%

•

Proposed

rules

remain

subject

to

public

comment,

interpretation,

and

change

18

©

Fifth Third Bank | All Rights Reserved

Appendix

19

©

Fifth Third Bank | All Rights Reserved

Well-positioned for the future

•

Holding company cash currently sufficient for more than 2 years of obligations; no holding company and minimal

Bank unsecured debt maturities until 2013

•

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

Superior capital and liquidity position

•

NCOs of 0.88%; 2.8x reserves / annualized NCOs

•

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

•

Very low relative exposure to areas of concern, e.g. European financials, mortgage repurchase risk

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 ~43% of total revenue

Diversified traditional banking platform

•

PPNR has remained strong throughout the credit cycle

•

PPNR substantially exceeds annual net charge-offs (351% PPNR / NCOs^ in 2Q12)

•

1.3% ROAA; 14% return on average tangible common equity^

Industry leader in earnings power

^ Non-GAAP measure.  See Reg. G reconciliation on slides 32-33

–

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

20

©

Fifth Third Bank | All Rights Reserved

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***

Tier I leverage

Tier I capital

Total risk-based capital

Category

Fifth Third: Outlook

3Q12 Outlook

$82.6B

$77.6B

Relatively stable ~$900mm +/-

Down ~2-3 bps +/-

vs. 2Q12

~$670mm +/-

~$970-$975mm +/-

ex-TruPS charge**

~$585 ex-TruPS charge**

>~1.25% ex-TruPS charge**

~28.5%

* Presented on a fully-taxable equivalent basis.

** Vantiv warrant gains $56mm in 2Q12. Estimated charge to write-off TruPS debt issuance cost ~$27mm in 3Q12.

*** Non-GAAP measure.  See Reg. G reconciliation on slides 32-33.

^ 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.

2Q12 Actual

Outlook as of July 19, 2012

Continued growth

Stable vs. 2Q12

Down ~$10mm vs. 2Q12

Lower vs. 2Q12

Down ~$100mm vs. 2Q12

$899mm

3.56%

$678mm ($622mm ex-Vantiv warrants**)

$937mm

$636mm ($580 ex-Vantiv warrants**)

1.3% (~1.2% ex-Vantiv warrants**)

32%

9.8%

11.4%

12.3%

16.2%

$181mm (0.88%^^)

$2.0B (2.45%)

$1.6B (1.96%)

Please see cautionary statement on slide 2 for risk factors related to forward-looking statements

Fifth Third Bank | All Rights Reserved

European Exposure

Total exposure includes funded and unfunded commitments, net of collateral; funded exposure excludes unfunded exposure

Peripheral Europe includes Greece, Ireland, Italy, Portugal and Spain

Eurozone

includes

countries

participating

in

the

European

common

currency

(Euro)

Other Europe includes European countries not part of the Euro (primarily the United Kingdom and Switzerland)

Data above includes exposure to U.S. subsidiaries of Europe-domiciled companies

Note: Numbers may not sum due to rounding

•

International exposure primarily related to trade finance and financing activities of U.S. companies with

foreign parent or overseas activities of U.S. customers

•

No European sovereign exposure (total international sovereign exposure $3mm)

•

Total exposure to European financial institutions <$100mm

•

Total exposure to five peripheral Europe countries <$200mm

•

$881mm in funded exposure to Eurozone-related companies (~1% of total loan portfolio)

21

European Exposure

Total

Funded

Total

Funded

Total

Funded

Total

Funded

exposure

exposure

exposure

exposure

exposure

exposure

exposure

exposure

(amounts in $mms)

Peripheral Europe

-

-

15

-

161

119

176

119

Other Eurozone

-

-

25

25

1,297

762

1,322

787

Total Eurozone

-

-

40

25

1,458

881

1,498

906

Other Europe

-

-

25

20

771

441

796

461

Total Europe

-

-

65

45

2,229

1,322

2,294

1,367

Sovereigns

Financial Institutions

Non-Financial Entities

Total

22

©

Fifth Third Bank | All Rights Reserved

Available and contingent borrowing capacity (2Q12):

–

FHLB ~$7B available, ~$12B total

–

Federal Reserve ~$25B

Holding Company cash at 6/30/12: $2.9B

Cash currently sufficient to satisfy all fixed obligations

in a stressed environment 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 24 months

—

~$586mm common dividends

—

~$70mm Series G preferred dividends

—

~$919mm interest and other expenses

Holding company unsecured debt maturities ($mm)

Bank

unsecured

debt

maturities

($mm

–

excl.

Brokered

CDs)

Heavily core funded

Strong liquidity profile

4,249

S-T

wholesale

7%

750

1,250

500

2012

2013

2014

2015

2016

2017

2018 on

Fifth Third Bancorp

Fifth Third Capital Trust (Bancorp)

$340

2012

2013

2014

2015

2016

2017

2018 on

$500

$500

Demand

Interest

L-T debt

8%

Liabilities

4%

22%

checking

20%

Savings/

MMDA

22%

Consumer

time

4%

Foreign

Office

1%

Deposits

3%

-T

S-T

borrowings

4%

Other

Equity

12%

-

Non-Core

23

©

Fifth Third Bank | All Rights Reserved

Troubled debt restructurings overview

Successive improvement in vintage performance during

2008 and 2009 as volume of modification increased

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

status and $193mm were nonaccruals

—

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

books 6 or more months; within that, ~$1B 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

Source:  Fifth Third and OCC/OTS data through 4Q11

Mortgage TDRs that are past due 60 days or more trend by vintage*

1Q08      3%

2Q08      7%

3Q08      7%

4Q08      8%

1Q09     11%    

2Q09     12%

Months since modification

Volume by

vintage

3Q09     12%

$1.3B current consumer TDRs (%)

4Q09      7%

$1.1

billion

2008

2009-

2012

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)

12%

12%

12%

15%

49%

< 6 months

6-12 months

12-

18

months

18

-

24 months

24+ months

50%

40%

30%

20%

10%

0%

3

4

5

6

7

8

9

10

11

12

4Q11      3%

3Q10      5%

4Q10      4%

1Q11      4%

2Q11      4%

3Q11      3%

24

©

Fifth Third Bank | All Rights Reserved

Commercial & industrial*

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & industrial loans represented 40% of total loans

and 25% of net charge-offs

•

34% of 2Q12 losses on loans to companies in real estate

related industries

–

Loans to real estate related industries of $2.6B (8%);

2Q12 NCO ratio of 2.47%

•

FL represented 29% of 2Q12 losses, 7% of loans; MI

represented 10% of losses, 9% of loans

*NPAs exclude loans held-for-sale.

($ in millions)

2Q11

3Q11

4Q11

1Q12

2Q12

EOP Balance

$28,099

$29,258

$30,783

$32,155

$32,612

Avg Loans

$27,909

$28,777

$29,891

$31,371

$32,734

90+ days delinquent

$7

$9

$4

$2

$2

as % of loans

0.02%

0.03%

0.01%

0.01%

0.01%

NPAs

$638

$588

$509

$474

$479

as % of loans

2.27%

2.01%

1.65%

1.47%

1.47%

Net charge-offs

$76

$55

$62

$54

$46

as % of loans

1.10%

0.76%

0.82%

0.69%

0.57%

C&I

MI

9%

OH

16%

IN

4%

IL

14%

KY

4%

TN

4%

NC

3%

Other /

National

39%

FL

7%

Accommodation

2%

Auto

Manufacturing

2%

Construction

4%

Finance &

Insurance

14%

Manufacturing

24%

Real Estate

4%

Retail Trade

4%

Auto Retailers

2%

Wholesale

Trade

10%

Other

34%

25

©

Fifth Third Bank | All Rights Reserved

Commercial mortgage*

Loans by geography

Credit trends

Loans by industry

Comments

*NPAs exclude loans held-for-sale.

•

Commercial mortgage loans represented 12% of total loans

and 14% of net charge-offs

•

Owner occupied 2Q12 NCO ratio of 0.7%, non-owner

occupied 2Q12 NCO ratio of 1.4%

•

Loans from FL/MI represented 38% of portfolio loans, 57% of

portfolio losses in 2Q12

Accomodation

4%

Auto

Manufacturing

0%

Construction

6%

Finance &

Insurance

2%

Manufacturing

7%

Real Estate

43%

Retail Trade

5%

Auto Retailers

2%

Wholesale

Trade

4%

Other

27%

MI

25%

OH

27%

IN

6%

IL

11%

KY

4%

TN

2%

NC

5%

Other /

National

7%

FL

13%

($ in millions)

2Q11

3Q11

4Q11

1Q12

2Q12

EOP Balance

$10,233

$10,330

$10,138

$9,909

$9,662

Avg Loans

$10,394

$10,050

$10,262

$10,007

$9,810

90+ days delinquent

$12

$10

$3

$30

$22

as % of loans

0.11%

0.10%

0.03%

0.30%

0.23%

NPAs

$710

$630

$637

$568

$555

as % of loans

6.78%

5.97%

6.15%

5.64%

5.66%

Net charge-offs

$47

$47

$47

$30

$25

as % of loans

1.83%

1.86%

1.82%

1.18%

1.04%

Commercial mortgage

26

©

Fifth Third Bank | All Rights Reserved

Commercial construction*

Loans by geography

Credit trends

Loans by industry

Comments

*NPAs exclude loans held-for-sale.

•

Commercial construction loans represented 1% of total loans

with zero net charge-offs

•

Loans from FL/MI represented 28% of portfolio loans

($ in millions)

2Q11

3Q11

4Q11

1Q12

2Q12

EOP Balance

$1,778

$1,213

$1,020

$901

$822

Avg Loans

$1,918

$1,752

$1,132

$992

$873

90+ days delinquent

$48

$43

$1

$0

$0

as % of loans

2.71%

3.54%

0.09%

0.05%

NM

NPAs

$240

$238

$179

$171

$141

as % of loans

12.93%

18.53%

16.92%

18.20%

16.57%

Net charge-offs

$20

$35

$4

$18

$0

as % of loans

4.09%

7.90%

1.37%

7.30%

(0.12%)

Commercial construction

27

©

Fifth Third Bank | All Rights Reserved

($ in millions)

2Q11

3Q11

4Q11

1Q12

2Q12

EOP Balance

$597

$578

$512

$423

$376

90+ days delinquent

$1

$3

$0

$1

$0

as % of loans

0.19%

0.59%

0.03%

0.15%

NM

NPAs

$243

$207

$155

$123

$114

as % of loans

40.67%

30.73%

30.34%

29.06%

26.52%

Net charge-offs

$14

$18

$2

$21

$4

as % of loans

8.91%

11.50%

1.28%

20.12%

4.37%

Homebuilders/developers

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 $376mm, down 89% from

peak of $3.3B in 2Q08; represents <1% of total loans and <1%

of commercial loans

•

$4mm of NCOs (78% commercial mortgage, 13% commercial

construction, 9% C&I)

•

$114mm of NPAs (51% commercial mortgage, 40%

commercial construction, 9% C&I)

*NPAs exclude loans held-for-sale.

28

©

Fifth Third Bank | All Rights Reserved

($ in millions)

2Q11

3Q11

4Q11

1Q12

2Q12

EOP Balance

$9,849

$10,249

$10,672

$11,094

$11,429

Avg Loans

$9,654

$10,006

$10,464

$10,828

$11,274

90+ days delinquent

$87

$91

$79

$73

$79

as % of loans

0.88%

0.89%

0.74%

0.66%

0.70%

NPAs

$338

$337

$350

$331

$322

as % of loans

3.43%

3.29%

3.28%

2.98%

2.82%

Net charge-offs

$36

$36

$36

$37

$36

as % of loans

1.50%

1.41%

1.38%

1.39%

1.28%

Residential mortgage

Residential mortgage

1  

liens: 100%; weighted average LTV: 73.5%

Weighted average origination FICO: 751

Origination FICO distribution:  <660 7%; 660-689 6%; 690-719 9%;

720-749 13%; 750+ 54%; Other^ 11%

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

Origination LTV distribution: <=70 36%; 70.1-80 38%; 80.1-90 7%;

90.1-95 4%; >95 15%

Vintage distribution: 2012 14%; 2011 26%; 2010 15%; 2009 5%;

2008 5%; 2007 6%; 2006 6%; 2005 10%; 2004 and prior 13%

% through broker: 13%; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

^ Includes acquired loans where FICO at origination is not available

•

Residential mortgage loans represented 14% of total loans

and 20% of net charge-offs

•

FL portfolio 15% of residential mortgage loans and 49% of

portfolio losses

st

29

©

Fifth Third Bank | All Rights Reserved

($ in millions)

2Q11

3Q11

4Q11

1Q12

2Q12

EOP Balance

$9,462

$9,380

$9,232

$8,986

$8,919

90+ days delinquent

$61

$62

$56

$55

$50

as % of loans

0.64%

0.66%

0.62%

0.62%

0.56%

Net charge-offs

$34

$35

$33

$31

$25

as % of loans

1.46%

1.50%

1.42%

1.39%

1.14%

Home equity - direct

($ in millions)

2Q11

3Q11

4Q11

1Q12

2Q12

EOP Balance

$1,586

$1,540

$1,487

$1,507

$1,458

90+ days delinquent

$23

$21

$18

$19

$17

as % of loans

1.46%

1.37%

1.24%

1.23%

1.15%

Net charge-offs

$20

$18

$17

$15

$14

as % of loans

4.95%

4.53%

4.54%

4.01%

3.76%

Home equity - brokered

Home equity loans represented 13% of total loans and 22% of net

charge-offs

Approximately 14% of portfolio in broker product generated 36%

total loss

Approximately

one

third

of

Fifth

Third

2

liens

are

behind

Fifth

Third 1  

liens

2005/2006 vintages represent approximately 27% of portfolio;

account for 54% of losses

Aggressive home equity line management strategies in place

Home equity

1   liens: 32%; 2nd liens: 68% 

Weighted average origination FICO: 750

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

720-749 17%; 750+ 52%; Other 7%

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

80 23%; 80.1-90 19%; 90.1-95 7%; >95 12%

Vintage distribution: 2012 3%; 2011 4%; 2010 3%; 2009 4%; 2008

10%; 2007 10%; 2006 14%; 2005 13%; 2004 and prior 39%

% through broker channels: 14% WA FICO: 735 brokered, 753 direct;

WA CLTV: 88% brokered; 71% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

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

st

st

nd

30

©

Fifth Third Bank | All Rights Reserved

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

2.2

7%

45

9%

13

29%

Commercial mortgage

1.2

13%

74

13%

4

16%

Commercial construction

0.1

17%

64

45%

0

NM

Commercial lease

0.0

0%

-

0%

-

0%

Commercial

3.6

8%

183

16%

18

22%

Mortgage

1.7

15%

147

46%

17

49%

Home equity

0.8

8%

11

17%

4

11%

Auto

0.5

5%

0

5%

1

9%

Credit card

0.1

5%

3

8%

1

6%

Other consumer

0.0

6%

0

12%

1

18%

Consumer

3.2

9%

162

37%

24

23%

Total

6.8

8%

345

21%

41

23%

Florida

Florida market*

Deterioration in real estate values having effect on credit trends as evidenced by elevated 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

31

©

Fifth Third Bank | All Rights Reserved

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

3.0

9%

82

17%

4

10%

Commercial mortgage

2.5

25%

141

25%

11

41%

Commercial construction

0.1

11%

14

10%

2

NM

Commercial lease

0.2

5%

2

30%

(0)

0%

Commercial

5.7

12%

239

20%

16

21%

Mortgage

1.7

15%

34

10%

5

13%

Home equity

2.1

20%

10

16%

9

24%

Auto

0.9

8%

1

8%

1

13%

Credit card

0.3

15%

8

18%

3

15%

Other consumer

0.1

21%

0

43%

1

16%

Consumer

5.1

14%

52

12%

18

18%

Total

10.8

13%

292

18%

35

19%

Michigan

Michigan market*

Deterioration in home price values coupled with weak economy impacted credit results 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

28%

23%

1%

1%

16%

19%

8%

3%

1%

13%

30%

4%

0%

14%

27%

2%

8%

2%

28%

48%

5%

1%

12%

3%

0%

3%

0%

32

©

Fifth Third Bank | All Rights Reserved

Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

June

March

December

September

June

2012

2012

2011

2011

2011

Income before income taxes (U.S. GAAP)

$565

$603

$418

$530

$506

Add:

Provision expense (U.S. GAAP)

71

91

55

87

113

Pre-provision net revenue (a)

636

694

473

617

619

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

376

421

305

373

328

Add:

Intangible amortization, net of tax

2

3

3

3

4

Tangible net income available to common shareholders

378

424

308

376

332

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

1,520

1,705

1,222

1,492

1,332

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

13,628

13,366

13,147

12,841

12,365

Less:

Average preferred stock

398

398

398

398

398

Average goodwill

2,417

2,417

2,417

2,417

2,417

Average intangible assets

34

38

42

47

52

Average tangible common equity (c)

10,779

10,513

10,290

9,979

9,498

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

13,773

13,560

13,201

13,029

12,572

Less: 

Preferred stock

(398)

(398)

(398)

(398)

(398)

Goodwill

(2,417)

(2,417)

(2,417)

(2,417)

(2,417)

Intangible assets

(33)

(36)

(40)

(45)

(49)

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

10,925

10,709

10,346

10,169

9,708

Less: Accumulated other comprehensive income / loss

(454)

(468)

(470)

(542)

(396)

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

10,471

10,241

9,876

9,627

9,312

Total assets (U.S. GAAP)

117,543

116,747

116,967

114,905

110,805

Less: 

Goodwill

(2,417)

(2,417)

(2,417)

(2,417)

(2,417)

Intangible assets

(33)

(36)

(40)

(45)

(49)

Tangible assets, including unrealized gains / losses (f)

115,093

114,294

114,510

112,443

108,339

Less: Accumulated other comprehensive income / loss, before tax

(698)

(720)

(723)

(834)

(609)

Tangible assets, excluding unrealized gains / losses (g)

114,395

113,574

113,787

111,609

107,730

Common shares outstanding (h)

919

920

920

920

920

Net charge-offs (i)

181

220

239

262

304

Ratios:

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

14.1%

16.2%

11.9%

15.0%

14.0%

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

9.15%

9.02%

8.68%

8.63%

8.64%

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

9.49%

9.37%

9.04%

9.04%

8.96%

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

11.89

11.64

11.25

11.05

10.55

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

351%

315%

198%

235%

204%

For the Three Months Ended

33

©

Fifth Third Bank | All Rights Reserved

Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

June

March

December

September

June

2012

2012

2011

2011

2011

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

$13,773

$13,560

$13,201

$13,029

$12,572

Goodwill and certain other intangibles

(2,512)

(2,518)

(2,514)

(2,514)

(2,536)

Unrealized gains

(454)

(468)

(470)

(542)

(396)

Qualifying trust preferred securities

2,248

2,248

2,248

2,273

2,312

Other

38

38

38

20

20

Tier I capital

13,093

12,860

12,503

12,266

11,972

Less:

Preferred stock

(398)

(398)

(398)

(398)

(398)

Qualifying trust preferred securities

(2,248)

(2,248)

(2,248)

(2,273)

(2,312)

Qualifying noncontrolling interest in consolidated subsidiaries

(50)

(50)

(50)

(30)

(30)

Tier I common equity (a)

10,397

10,164

9,807

9,565

9,232

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (b)

106,398

105,412

104,945

102,562

100,320

Ratios:

Tier I common equity (a) / (b)

9.77%

9.64%

9.35%

9.33%

9.20%

For the Three Months Ended

EX-99.3

Exhibit 99.3

July 2012

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	Laura Wehby
VP / Investor Relations	VP / Investor Relations
(513) 534-8424	(513) 534-7407

Quarterly Data

	Three Months Ended
	June 30,		March 31,		December 31,		September 30,		June 30,		March 31,		December 31,		September 30,
	2012		2012		2011		2011		2011		2011		2010		2010
Ratios (percent)
Return on assets		1.32		1.49		1.08		1.34		1.22		0.97		1.18		0.84
Return on average common equity		11.4		13.1		9.5		11.9		11.0		3.1		10.4		6.8
Average equity as a percent of average assets		11.58		11.49		11.41		11.33		11.12		11.77		12.52		12.38
Net interest margin (a)		3.56		3.61		3.67		3.65		3.62		3.71		3.75		3.70
Efficiency (a)		59.4		58.3		67.5		60.4		59.1		62.5		62.6		56.2
Net losses charged off as a percent of average loans and leases		0.88		1.08		1.19		1.32		1.56		1.92		1.86		4.95
Allowance for loan and lease losses as a percent of loans and leases		2.45		2.59		2.78		3.08		3.35		3.62		3.88		4.20
Allowance for credit losses as a percent of loans and leases		2.66		2.81		3.01		3.32		3.61		3.89		4.17		4.51
Nonperforming assets as a percent of loans, leases and other assets, including OREO (b)		1.96		2.03		2.23		2.44		2.66		2.73		2.79		2.72
Allowance for loan and lease losses as a percent of nonperforming assets (b)		125		127		124		125		125		132		138		153
Allowance for credit losses as a percent of nonperforming assets (b)		136		138		134		135		135		142		149		165
Common Share Data
Earnings per share	$	0.41	$	0.46	$	0.33	$	0.41	$	0.36	$	0.10	$	0.34	$	0.22
Earnings per diluted share	$	0.40	$	0.45	$	0.33	$	0.40	$	0.35	$	0.10	$	0.33	$	0.22
Cash dividends per common share		0.08		0.08		0.08		0.08		0.06		0.06		0.01		0.01
Book value per share		14.56		14.30		13.92		13.73		13.23		12.80		13.06		12.86
Common shares outstanding, excluding treasury		918,913,253		920,056,340		919,804,436		919,778,512		919,818,137		918,728,008		796,272,522		796,283,198
Market price per share:
High	$	14.67	$	14.73	$	13.08	$	13.09	$	14.15	$	15.75	$	15.11	$	13.81
Low		12.04		12.78		9.60		9.13		11.88		13.25		11.71		10.64
End of period		13.40		14.04		12.72		10.10		12.75		13.89		14.68		12.03
Supplemental Data
Common dividends declared ($ in millions)	$	74	$	74	$	74	$	74	$	55	$	55	$	8	$	8
Full-time equivalent employees		20,888		21,206		21,334		21,172		20,953		20,837		20,838		20,667
Banking centers		1,322		1,315		1,316		1,314		1,316		1,310		1,312		1,309
ATMs		2,409		2,404		2,425		2,437		2,456		2,453		2,445		2,390

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

(b) Excludes nonperforming assets held for sale.

Page 1

Quarterly Data

	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			March 31,			December 31,			September 30,
	2012			2012			2011			2011			2011			2011			2010			2010
Income Statement ($ in millions)
Interest income (FTE)	$	1,031		$	1,045		$	1,061		$	1,059		$	1,050		$	1,065		$	1,109		$	1,130
Interest expense		132			142			141			157			181			181			190			214
Net interest income (FTE)		899			903			920			902			869			884			919			916
Provision for loan and lease losses		71			91			55			87			113			168			166			457
Noninterest income:
Service charges on deposits		130			129			136			134			126			124			140			143
Investment advisory revenue		93			96			90			92			95			98			93			90
Corporate banking revenue		102			97			82			87			95			86			103			86
Mortgage banking net revenue		183			204			156			178			162			102			149			232
Card and processing revenue		64			59			60			78			89			80			81			77
Other noninterest income		103			175			24			64			83			81			55			195
Securities gains, net		3			9			5			26			6			8			21			4
Securities gains, net—non-qualifying hedges on mortgage servicing rights		—			—			(3	)		6			—			5			14			—
Total noninterest income		678			769			550			665			656			584			656			827
Noninterest expense:
Salaries, wages and incentives		393			399			393			369			365			351			385			360
Employee benefits		84			112			84			70			79			97			73			82
Net occupancy expense		74			77			79			75			75			77			76			72
Technology and communications		48			47			48			48			48			45			52			48
Equipment expense		27			27			27			28			28			29			32			30
Card and processing expense		30			30			28			34			29			29			26			26
Other noninterest expense		281			281			334			322			277			290			343			361
Total noninterest expense		937			973			993			946			901			918			987			979
Income before income taxes (FTE)		569			608			422			534			511			382			422			307
Taxable equivalent adjustment		4			5			4			4			5			5			5			4
Income before income taxes		565			603			418			530			506			377			417			303
Applicable income tax		180			173			104			149			169			112			83			65
Net income	$	385		$	430		$	314		$	381		$	337		$	265		$	334		$	238
Less: Net income attributable to noncontrolling interests		—			—			—			—			—			—			1			—
Net income attributable to Bancorp	$	385		$	430		$	314		$	381		$	337		$	265		$	333		$	238
Dividends on preferred stock		9			9			9			8			9			177			63			63
Net income available to common shareholders	$	376		$	421		$	305		$	373		$	328		$	88		$	270		$	175
Regulatory Capital Data ($ in millions) (a)
Tier I capital	$	13,093		$	12,860		$	12,503		$	12,266		$	11,972		$	12,129		$	13,965		$	13,698
Tier II capital		4,188			4,076			4,382			4,397			4,112			4,046			4,213			4,379
Total risk-based capital	$	17,281		$	16,936		$	16,885		$	16,663		$	16,084		$	16,175		$	18,178		$	18,077
Risk-weighted assets	$	106,398		$	105,412		$	104,945		$	102,562		$	100,320		$	99,392		$	100,561		$	98,904
Tier I capital ratio		12.31	%		12.20	%		11.91	%		11.96	%		11.93	%		12.20	%		13.89	%		13.85	%
Total risk-based capital ratio		16.24	%		16.07	%		16.09	%		16.25	%		16.03	%		16.27	%		18.08	%		18.28	%
Tier I leverage ratio		11.39	%		11.31	%		11.10	%		11.08	%		11.03	%		11.21	%		12.79	%		12.54	%
Tier I common equity ratio		9.77	%		9.64	%		9.35	%		9.33	%		9.20	%		8.99	%		7.48	%		7.34	%

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

Page 2

Quarterly Data

	As of
	June 30,			March 31,			December 31,			September 30,			June 30,			March 31,			December 31,			September 30,
	2012			2012			2011			2011			2011			2011			2010			2010
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,393		$	2,235		$	2,663		$	2,348		$	2,380		$	2,121		$	2,159		$	2,215
Available-for-sale and other securities		15,552			16,093			15,362			16,227			15,502			15,135			15,414			15,975
Held-to-maturity securities		305			321			322			337			344			346			353			354
Trading securities		200			195			177			189			217			216			294			320
Other short-term investments		1,964			1,628			1,781			2,028			1,370			2,481			1,515			3,271
Total cash and securities		20,414			20,472			20,305			21,129			19,813			20,299			19,735			22,135
Loans held for sale		1,863			1,584			2,954			1,840			1,185			1,291			2,216			2,733
Portfolio loans and leases		82,359			82,113			81,018			79,216			77,967			77,465			77,491			76,009
Total loans and leases		84,222			83,697			83,972			81,056			79,152			78,756			79,707			78,742
Allowance for loan and lease losses		(2,016	)		(2,126	)		(2,255	)		(2,439	)		(2,614	)		(2,805	)		(3,004	)		(3,194	)
Bank premises and equipment		2,506			2,485			2,447			2,410			2,395			2,389			2,389			2,377
Operating lease equipment		511			495			497			462			492			513			479			470
Goodwill		2,417			2,417			2,417			2,417			2,417			2,417			2,417			2,417
Intangible assets		33			36			40			45			49			55			62			72
Servicing rights		736			767			681			662			847			894			822			599
Other real estate owned		338			383			429			447			488			514			506			504
Other assets		8,382			8,121			8,434			8,716			7,766			7,453			7,894			8,200
Total assets	$	117,543		$	116,747		$	116,967		$	114,905		$	110,805		$	110,485		$	111,007		$	112,322
Liabilities
Deposits:
Demand	$	26,251		$	26,385		$	27,600		$	24,547		$	22,589		$	22,066		$	21,413		$	20,109
Interest checking		23,197			23,971			20,392			18,616			18,072			18,597			18,560			17,225
Savings		22,011			22,245			21,756			21,673			21,764			21,697			20,903			20,260
Money market		4,223			4,275			4,989			5,448			4,859			5,184			5,035			5,064
Foreign office		1,265			1,251			3,250			3,139			3,271			3,569			3,721			3,807
Other time		4,261			4,446			4,638			5,439			6,399			7,043			7,728			9,379
Certificates—$100,000 and over		3,065			3,162			3,039			3,092			3,642			4,160			4,287			5,515
Other foreign office		—			56			46			93			2			1			1			3
Total deposits		84,273			85,791			85,710			82,047			80,598			82,317			81,648			81,362
Federal funds purchased		641			319			346			427			403			332			279			368
Other short-term borrowings		4,613			2,877			3,239			4,894			2,702			1,297			1,574			1,775
Other liabilities		4,507			4,502			4,739			4,679			4,349			3,792			3,868			3,951
Long-term debt		9,685			9,648			9,682			9,800			10,152			10,555			9,558			10,953
Total liabilities		103,719			103,137			103,716			101,847			98,204			98,293			96,927			98,409
Equity
Common and preferred equity		13,402			13,154			12,795			12,552			12,242			12,025			13,867			13,584
Net unrealized gains (losses):
Available-for-sale securities		476			487			484			519			397			277			321			434
Qualifying cash flow hedges		69			73			81			91			68			58			67			73
Accumulated other comprehensive income related to employee benefit plans		(91	)		(92	)		(95	)		(68	)		(69	)		(72	)		(74	)		(75	)
Treasury stock, at cost		(83	)		(62	)		(64	)		(65	)		(66	)		(125	)		(130	)		(132	)
Total Bancorp shareholders’ equity		13,773			13,560			13,201			13,029			12,572			12,163			14,051			13,884
Noncontrolling interest		51			50			50			29			29			29			29			29
Total equity		13,824			13,610			13,251			13,058			12,601			12,192			14,080			13,913
Total liabilities and equity	$	117,543		$	116,747		$	116,967		$	114,905		$	110,805		$	110,485		$	111,007		$	112,322
Share Data
Preferred shares outstanding		16,450			16,450			16,450			16,450			16,450			16,450			16,451			16,451
Common shares outstanding, excluding treasury		918,913,253			920,056,340			919,804,436			919,778,512			919,818,137			918,728,008			796,272,522			796,283,198
Treasury shares held		4,979,328			3,836,240			4,088,144			4,114,068			4,074,443			5,164,573			5,231,665			5,220,989

Page 3

Quarterly Data

	Three Months Ended
	June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010			September 30, 2010
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	84,508		$	83,757		$	82,278		$	80,013		$	79,153		$	79,379		$	79,148		$	78,854
Taxable securities		15,548			15,313			15,270			15,790			15,115			15,156			15,367			15,580
Tax exempt securities		62			59			58			64			96			197			268			273
Other short-term investments		1,558			1,363			1,915			2,288			1,981			1,937			2,431			3,456
Total interest-earning assets		101,676			100,492			99,521			98,155			96,345			96,669			97,214			98,163
Cash and due from banks		2,264			2,345			2,418			2,362			2,356			2,268			2,284			2,283
Other assets		15,835			15,734			15,758			15,381			15,298			14,897			15,449			15,088
Allowance for loan and lease losses		(2,121	)		(2,246	)		(2,429	)		(2,603	)		(2,799	)		(2,990	)		(3,089	)		(3,680	)
Total assets	$	117,654		$	116,325		$	115,268		$	113,295		$	111,200		$	110,844		$	111,858		$	111,854
Liabilities
Interest-bearing liabilities:
Interest checking	$	23,548		$	22,308		$	19,263		$	18,322		$	18,701		$	18,539		$	17,578		$	17,142
Savings		22,143			21,944			21,715			21,747			21,817			21,324			20,602			19,905
Money market		4,258			4,543			5,255			5,213			5,009			5,136			4,985			4,940
Foreign office		1,321			2,277			3,325			3,255			3,805			3,580			3,733			3,592
Other time		4,359			4,551			4,960			6,008			6,738			7,363			8,490			10,261
Certificates—$100,000 and over		3,130			3,178			3,085			3,376			3,955			4,226			4,858			6,096
Other foreign office		23			19			16			7			2			1			9			4
Federal funds purchased		408			370			348			376			344			310			376			302
Other short-term borrowings		4,303			3,261			3,793			4,033			1,605			1,638			1,728			1,880
Long-term debt		9,669			9,768			9,707			10,136			10,527			10,255			10,298			10,954
Total interest-bearing liabilities		73,162			72,219			71,467			72,473			72,503			72,372			72,657			75,076
Demand deposits		26,351			26,063			26,069			23,677			22,174			21,582			21,066			19,362
Other liabilities		4,462			4,627			4,536			4,275			4,129			3,809			4,099			3,544
Total liabilities		103,975			102,909			102,072			100,425			98,806			97,763			97,822			97,982
Equity		13,679			13,416			13,196			12,870			12,394			13,081			14,036			13,872
Total liabilities and equity	$	117,654		$	116,325		$	115,268		$	113,295		$	111,200		$	110,844		$	111,858		$	111,854
Average loans and leases (excluding held for sale)	$	82,586		$	81,500		$	79,914		$	78,620		$	77,937		$	77,636		$	76,236		$	76,617
Average common shares outstanding:
Basic		913,540,510			915,225,816			914,996,543			914,946,545			914,600,600			880,829,800			791,072,308			791,016,740
Diluted		954,622,463			957,415,527			956,348,893			955,490,439			955,477,616			894,841,321			836,224,575			797,492,107

Page 4

Quarterly Data

	Three Months Ended
	June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010			September 30, 2010
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	32,626		$	32,203		$	30,828		$	29,324		$	28,155		$	27,431		$	27,275		$	26,502
Commercial mortgage		9,697			9,976			10,214			10,435			10,331			10,617			10,992			11,333
Commercial construction		834			916			1,037			1,239			1,805			2,020			2,111			2,500
Commercial leases		3,471			3,512			3,531			3,368			3,326			3,367			3,378			3,304
Subtotal—commercial		46,628			46,607			45,610			44,366			43,617			43,435			43,756			43,639
Consumer:
Residential mortgage		13,217			12,523			13,474			11,878			10,838			10,556			10,857			9,989
Home equity		10,378			10,493			10,719			10,920			11,048			11,222			11,513			11,774
Automobile loans		11,739			11,832			11,827			11,593			11,315			11,129			10,983			10,738
Credit card		1,943			1,896			1,978			1,878			1,856			1,821			1,896			1,832
Other consumer loans and leases		317			346			364			421			478			593			702			770
Subtotal—consumer		37,594			37,090			38,362			36,690			35,535			35,321			35,951			35,103
Total loans and leases	$	84,222		$	83,697		$	83,972		$	81,056		$	79,152		$	78,756		$	79,707		$	78,742
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	32,770		$	31,421		$	29,954		$	28,824		$	27,970		$	27,404		$	26,509		$	26,348
Commercial mortgage		9,873			10,077			10,350			10,140			10,491			10,816			11,276			11,462
Commercial construction		886			1,008			1,155			1,777			1,950			2,085			2,289			2,955
Commercial leases		3,471			3,543			3,352			3,300			3,349			3,364			3,314			3,257
Subtotal—commercial		47,000			46,049			44,811			44,041			43,760			43,669			43,388			44,022
Consumer:
Residential mortgage		13,059			12,928			12,638			11,224			10,655			10,736			10,693			9,897
Home equity		10,430			10,606			10,810			10,985			11,144			11,376			11,655			11,897
Automobile loans		11,755			11,882			11,696			11,445			11,188			11,070			10,825			10,517
Credit card		1,915			1,926			1,906			1,864			1,834			1,852			1,844			1,838
Other consumer loans and leases		349			366			417			454			572			676			743			683
Subtotal—consumer		37,508			37,708			37,467			35,972			35,393			35,710			35,760			34,832
Total average loans and leases	$	84,508		$	83,757		$	82,278		$	80,013		$	79,153		$	79,379		$	79,148		$	78,854
Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	1,002		$	994		$	1,058		$	1,134		$	1,240		$	1,287		$	1,333		$	1,378
Nonaccrual loans held for sale		55			110			131			171			147			184			247			680
Restructured loans—commercial (non accrual) held for sale		5			7			7			26			29			32			47			19
Restructured loans and leases (non accrual) portfolio		340			358			380			404			399			358			347			206
Other assets, including other real estate owned		277			321			378			406			449			481			494			498
Total nonperforming assets	$	1,679		$	1,790		$	1,954		$	2,141		$	2,264		$	2,342		$	2,468		$	2,781
Ninety days past due loans and leases	$	203		$	216		$	200		$	274		$	279		$	266		$	274		$	317
Nonperforming Loans ($ in millions)(non-accrual plus renegotiated)
Commercial and industrial loans and leases	$	471		$	453		$	499		$	646		$	684		$	652		$	753		$	769
Commercial mortgage		449			404			421			513			558			559			581			820
Commercial construction loans		123			131			139			194			187			208			258			371
Consumer mortgage and construction		260			265			275			276			272			261			268			208
Other consumer loans and leases		99			99			104			108			114			181			114			115
Total nonperforming loans and leases (including held for sale)	$	1,402		$	1,352		$	1,438		$	1,737		$	1,815		$	1,861		$	1,974		$	2,283
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(219	)	$	(253	)	$	(280	)	$	(294	)	$	(343	)	$	(397	)	$	(399	)	$	(992	)
Recoveries		38			33			41			32			39			30			43			36
Net losses charged off	$	(181	)	$	(220	)	$	(239	)	$	(262	)	$	(304	)	$	(367	)	$	(356	)	$	(956	)

Page 5