8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): January 17, 2013

(Exact Name of Registrant as Specified in Its Charter)

OHIO	001-33653	31-0854434
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
Fifth Third Center 38 Fountain Square Plaza, Cincinnati, Ohio		45263
(Address of Principal Executive Offices)		(Zip Code)

(800) 972-3030

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On January 17, 2013, Fifth Third Bancorp issued a press release and its quarterly and annual financial supplements announcing its earnings release for the fourth quarter of 2012. A copy of this press release and its quarterly and annual financial supplements are attached as Exhibits 99.1, 99.3, and 99.4, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 7.01 Regulation FD Disclosure

On January 17, 2013, Fifth Third Bancorp issued a press release and its quarterly and annual financial supplements announcing its earnings release for the fourth quarter of 2012. A copy of this press release and its quarterly and annual financial supplements are attached as Exhibits 99.1, 99.3, and 99.4, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

For the benefit of its investors, Fifth Third Bancorp is furnishing information regarding its earnings conference call. 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 January 17, 2013

Exhibit 99.2 – Fourth Quarter Earnings Conference Call

Exhibit 99.3 – Quarterly Financial Supplement

Exhibit 99.4 – Annual 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)
January 17, 2013		/s/ Daniel T. Poston
		Daniel T. Poston
		Executive Vice President and
		Chief Financial Officer

EX-99.1

Exhibit 99.1

		News Release
CONTACTS:	Jim Eglseder (Investors) (513) 534-8424 Laura Wehby (Investors) (513) 534-7407 Debra DeCourcy, APR (Media) (513) 534-4153	FOR IMMEDIATE RELEASE January 17, 2013

FIFTH THIRD ANNOUNCES 2012 EARNINGS PER SHARE OF $1.66, UP 41 PERCENT FROM 2011

Fourth quarter earnings per share $0.43, up 30 percent from fourth quarter 2011

• 4Q12 net income available to common shareholders of $390 million, or $0.43 per diluted share, vs. $354 million, or $0.38 per diluted share, in 3Q12 and $305 million, or $0.33 per diluted share, in 4Q11. 4Q12 results included:

• $157 million pre-tax gain (~$102 million after-tax, or $0.11 per share) on the sale of Vantiv shares

• $134 million pre-tax expense for debt extinguishment (~$87 million after-tax, or $0.09 per share) associated with the termination of FHLB debt

• $19 million pre-tax negative adjustment (~$12 million after-tax, or $0.01 per share) on the valuation of the warrant Fifth Third holds in Vantiv

• $15 million pre-tax charge ($10 million after-tax, or $0.01 per share) related to valuation of Visa total return swap

• $29 million (~$19 million after-tax, or $0.02 per share) in charges related to an increase in the mortgage representation and warranty reserve due to new Freddie Mac guidance for potential 2004-06 repurchase claims

• 4Q12 return on assets (ROA) of 1.33%; return on average common equity of 11.5%; return on average tangible common equity** of 14.1%

• Pre-provision net revenue (PPNR)** of $616 million in 4Q12

• Net interest income (FTE) of $903 million, down $4 million from 3Q12; net interest margin 3.49%; end of period loans up $2.7 billion, or 3 percent, sequentially

• Noninterest income of $880 million included $157 million gain on Vantiv shares and $37 million charges noted above

• Noninterest expense of $1.2 billion included $134 million of debt extinguishment costs associated with the termination of FHLB debt as well as $26 million in additional expenses resulting from an increase in mortgage representation and warranty reserve

• 4Q12 effective tax rate of 26.8% compared with 27.7% in 3Q12

• Credit trends remain favorable

• 4Q12 net charge-offs of $147 million (0.70% of loans and leases) vs. 3Q12 NCOs of $156 million and 4Q11 NCOs of $239 million; lowest NCO level since 3Q07; 4Q12 provision expense of $76 million compared with 3Q12 provision of $65 million and 4Q11 provision of $55 million

• Loan loss allowance declined $71 million sequentially reflecting continued improvement in credit trends; allowance to loan ratio of 2.16%, 144% of nonperforming assets, 180% of nonperforming loans and leases, and 3.2 times 4Q12 annualized net charge-offs

• Total nonperforming assets (NPAs) of $1.3 billion including loans held-for-sale (HFS) declined $174 million, or 12%, sequentially; NPAs excluding loans HFS of $1.3 billion declined $160 million, or 11%, lowest since 4Q07; NPA ratio of 1.49% down 24 bps from 3Q12, NPL ratio of 1.19% down 19 bps from 3Q12

• Total delinquencies (includes loans 30-89 days past due and over 90 days past due) down 4% sequentially, lowest levels since 2Q04

• Strong capital ratios*

• Tier 1 common ratio 9.51%**, down 16 bps sequentially (Basel III pro forma estimate of ~8.8%)

• Tier 1 capital ratio 10.65%, Total capital ratio 14.42%, Leverage ratio 10.05%

• Tangible common equity ratio** of 8.83% excluding unrealized gains/losses; 9.10% including them

• Repurchased ~14 million common shares through share repurchase transactions expected to settle in 1Q13 (these transaction are expected to further reduce average share count in 1Q13 versus 4Q12 by ~5 million shares)

• Book value per share of $15.10; tangible book value per share** of $12.33 up 2% from 3Q12 and 10% from 4Q11

* Capital ratios estimated; presented under current U.S. capital regulations. The pro forma Basel III Tier I common equity ratio is management’s estimate based upon its current interpretation of the three draft Federal Register notices proposing enhancements to regulatory capital requirements published in June 2012. The actual impact to the Bancorp’s Tier I common equity ratio may change significantly due to revisions to the agencies’ final rules. See pp. 15-16 for more information.

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

Fifth Third Bancorp (Nasdaq: FITB) today reported full year 2012 net income of $1.6 billion, up 22 percent from net income of $1.3 billion in 2011. After preferred dividends, 2012 net income available to common shareholders was $1.5 billion, or $1.66 per diluted share, up 41 percent compared with 2011 net income available to common shareholders of $1.1 billion, or $1.18 per diluted share.

Fourth quarter 2012 net income was $399 million, an increase of 10 percent from net income of $363 million in the third quarter of 2012 and 27 percent from net income of $314 million in the fourth quarter of 2011. After preferred dividends, net income available to common shareholders was $390 million, or $0.43 per diluted share, in the fourth quarter of 2012, compared with $354 million, or $0.38 per diluted share, in the third quarter of 2012, and $305 million, or $0.33 per diluted share, in the fourth quarter of 2011. Earnings per diluted share increased 13 percent from the third quarter of 2012 and 30 percent from the fourth quarter of 2011.

Fourth quarter 2012 noninterest income included a $157 million gain on the sale of Vantiv shares; a $19 million negative valuation adjustment on the Vantiv warrant; and a $15 million charge related to the valuation of the Visa total return swap. Net gains on investment securities were $2 million. Fourth quarter noninterest expense included $134 million of debt extinguishment costs associated with the termination of Federal Home Loan Bank (FHLB) debt and $13 million in charges to increase litigation reserves. Results also included an additional $29 million of charges to increase the mortgage representation and warranty reserve due to new Freddie Mac guidance for potential 2004-2006 repurchase claims. Fourth quarter 2012 taxes were reduced by approximately $10 million due to the termination of certain leases.

Third quarter 2012 noninterest income included a $16 million negative valuation adjustment on the Vantiv warrant; $13 million in gains recognized on the sale of certain Fifth Third funds; and a $1 million reduction related to the valuation of the Visa total return swap. Net gains on investment securities were $2 million. Third quarter noninterest expense included $26 million of debt extinguishment costs associated with the redemption of Fifth Third Capital Trust V and Fifth Third Capital Trust VI trust preferred securities (TruPS), a $5 million benefit from the sale of affordable housing investments, $5 million in charges to increase litigation reserves, and $2 million of expenses associated with the sale of certain Fifth Third funds. Results also included an additional $24 million of charges associated with the increase of the mortgage representation and warranty reserve. Fourth quarter 2011 results included a $54 million pre-tax charge to noninterest income related to the valuation of the Visa total return swap and $10 million in charges to increase litigation reserves, primarily reserves associated with bankcard association membership. Fourth quarter 2011 results also included $10 million in positive valuation adjustments on Vantiv puts and warrants and investment securities gains of $5 million.

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Earnings Highlights

	For the Three Months Ended															% Change
	December			September			June			March			December
	2012			2012			2012			2012			2011			Seq			Yr/Yr
Earnings ($ in millions)
Net income attributable to Bancorp	$	399		$	363		$	385		$	430		$	314			10	%		27	%
Net income available to common shareholders	$	390		$	354		$	376		$	421		$	305			10	%		28	%
Common Share Data
Earnings per share, basic		0.44			0.39			0.41			0.46			0.33			13	%		33	%
Earnings per share, diluted		0.43			0.38			0.40			0.45			0.33			13	%		30	%
Cash dividends per common share		0.10			0.10			0.08			0.08			0.08			—			25	%
Financial Ratios
Return on average assets		1.33	%		1.23	%		1.32	%		1.49	%		1.08	%		8	%		23	%
Return on average common equity		11.5			10.4			11.4			13.1			9.5			11	%		21	%
Return on average tangible common equity		14.1			12.8			14.1			16.2			11.9			10	%		19	%
Tier I capital		10.65			10.85			12.31			12.20			11.91			(2	%)		(11	%)
Tier I common equity		9.51			9.67			9.77			9.64			9.35			(2	%)		2	%
Net interest margin (a)		3.49			3.56			3.56			3.61			3.67			(2	%)		(5	%)
Efficiency (a)		65.2			63.7			59.4			58.3			67.5			2	%		(3	%)
Common shares outstanding (in thousands)		882,152			897,467			918,913			920,056			919,804			(2	%)		(4	%)
Average common shares outstanding (in thousands):
Basic		884,676			904,475			913,541			915,226			914,997			(2	%)		(3	%)
Diluted		925,585			944,821			954,622			957,416			956,349			(2	%)		(3	%)

(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 rather than the rounded dollar amounts.

“Strong fourth quarter earnings of $399 million were highlighted by quality loan production, fee income growth, and credit improvement,” said Kevin Kabat, CEO of Fifth Third Bancorp. “Every caption in fee income was up for the quarter, including mortgage banking revenue up 29 percent and corporate banking revenue up 13 percent sequentially. Net interest income was consistent with third quarter results and stronger than expected.

“These quarterly results capped a solidly profitable year in which Fifth Third generated the second highest level of net income in our Company’s history and pre-provision net revenue of $2.5 billion. Loans increased nearly $5 billion on an end of period basis. We produced double-digit growth in commercial and industrial loans and residential mortgage loan originations due to higher demand and low interest rates. Average core deposits increased 5 percent with a continued favorable mix shift to lower cost deposits.

“Credit trends continued to be favorable, with full year net charge-offs down 40 percent from 2011 and nonperforming assets declining 29 percent, both the lowest levels reported since 2007. At year end, total delinquencies were at their lowest level since the second quarter of 2004. The improvement in credit trends resulted in a $400 million reduction in loan loss reserves during the year, although reserve levels and coverage ratios remain strong at 2.16 percent of loans and 180 percent of nonperforming portfolio loans.

“Pursuant to our capital plan, we increased the return of capital to shareholders in 2012, with our recent increase of the quarterly common stock dividend to $0.10 per share and common stock repurchases of approximately $650 million during the year, including $175 million related to Vantiv gains. Despite these actions, our strong common equity capital ratios increased for the year. Our capital plan included the potential

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repurchase of an additional $125 million in the first quarter of 2013. Given our capacity for internal capital generation, we would expect to continue to return capital to shareholders in a responsible manner, absent unforeseen developments.”

Income Statement Highlights

	For the Three Months Ended											% Change
	December			September		June		March		December
	2012			2012		2012		2012		2011		Seq			Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	903		$	907	$	899	$	903	$	920		—			(2	%)
Provision for loan and lease losses		76			65		71		91		55		17	%		38	%
Total noninterest income		880			671		678		769		550		31	%		60	%
Total noninterest expense		1,163			1,006		937		973		993		16	%		17	%
Income before income taxes (taxable equivalent)		544			507		569		608		422		7	%		29	%
Taxable equivalent adjustment		4			4		4		5		4		—			—
Applicable income taxes		144			139		180		173		104		4	%		38	%
Net income		396			364		385		430		314		9	%		26	%
Less: Net income attributable to noncontrolling interest		(3	)		1		—		—		—		NM			NM
Net income attributable to Bancorp		399			363		385		430		314		10	%		27	%
Dividends on preferred stock		9			9		9		9		9		—			—
Net income available to common shareholders		390			354		376		421		305		10	%		28	%
Earnings per share, diluted	$	0.43		$	0.38	$	0.40	$	0.45	$	0.33		13	%		30	%

Net Interest Income

	For the Three Months Ended															% Change
	December			September			June			March			December
	2012			2012			2012			2012			2011			Seq			Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,020		$	1,027		$	1,031		$	1,045		$	1,061			(1	%)		(4	%)
Total interest expense		117			120			132			142			141			(3	%)		(17	%)
Net interest income (taxable equivalent)	$	903		$	907		$	899		$	903		$	920			—			(2	%)
Average Yield
Yield on interest-earning assets (taxable equivalent)		3.94	%		4.03	%		4.08	%		4.18	%		4.23	%		(2	%)		(7	%)
Yield on interest-bearing liabilities		0.65	%		0.67	%		0.73	%		0.79	%		0.79	%		(3	%)		(18	%)
Net interest rate spread (taxable equivalent)		3.29	%		3.36	%		3.35	%		3.39	%		3.44	%		(2	%)		(4	%)
Net interest margin (taxable equivalent)		3.49	%		3.56	%		3.56	%		3.61	%		3.67	%		(2	%)		(5	%)
Average Balances ($ in millions)
Loans and leases, including held for sale	$	86,180		$	84,829		$	84,508		$	83,757		$	82,278			2	%		5	%
Total securities and other short-term investments		16,765			16,588			17,168			16,735			17,243			1	%		(3	%)
Total interest-earning assets		102,945			101,417			101,676			100,492			99,521			2	%		3	%
Total interest-bearing liabilities		71,420			72,026			73,162			72,219			71,467			(1	%)		—
Bancorp shareholders' equity		13,855			13,887			13,628			13,366			13,147			—			5	%

Net interest income of $903 million on a fully taxable equivalent basis decreased $4 million from the third quarter. The decline in net interest income was driven by the effect of approximately $10 million in non-recurring benefits recorded in the third quarter. Otherwise, net interest income benefited from a decline in interest expense driven by higher demand deposit balances and continued runoff in consumer CD balances; a $2 million reduction in long-term debt expense due to the FHLB debt termination in December; and a $5 million reduction in long-term debt expense due to the full quarter impact of the TruPS redemption in the third quarter. The benefit of net loan growth on interest income was offset by a decline in interest income

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attributable to loan repricing, primarily in the C&I, auto, and residential mortgage portfolios, as well as lower reinvestment rates on the securities portfolio.

The net interest margin was 3.49 percent, a decrease of 7 bps from 3.56 percent in the previous quarter. The decline in net interest margin was driven by the 4 bps benefit in the third quarter from non-recurring items described above as well as lower loan and securities yields. The margin otherwise benefited by 2 bps from the full quarter impact of the TruPS redemption in the third quarter and 1 bp from the FHLB debt termination in December.

Compared with the fourth quarter of 2011, net interest income decreased $17 million and the net interest margin decreased 18 bps, driven by lower asset yields partially offset by higher average loan balances, run-off in higher-priced CDs and mix shift to lower cost deposit products.

Securities

Average securities and other short-term investments were $16.8 billion in the fourth quarter of 2012 compared with $16.6 billion in the previous quarter and $17.2 billion in the fourth quarter of 2011. The sequential increase in average balances was related to the pre-investment in the third quarter of anticipated fourth quarter cash flows. The year-over-year decline was due to the timing of reinvestment in portfolio cash flows during 2011 as well as lower cash balances held at the Federal Reserve.

Loans

	For the Three Months Ended										% Change
	December		September		June		March		December
	2012		2012		2012		2012		2011		Seq			Yr/Yr
Average Portfolio Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	34,301	$	33,111	$	32,734	$	31,371	$	29,891		4	%		15	%
Commercial mortgage		9,193		9,567		9,810		10,007		10,262		(4	%)		(10	%)
Commercial construction		686		742		873		992		1,132		(8	%)		(39	%)
Commercial leases		3,509		3,481		3,469		3,543		3,351		1	%		5	%
Subtotal—commercial loans and leases		47,689		46,901		46,886		45,913		44,636		2	%		7	%
Consumer:
Residential mortgage loans		11,846		11,578		11,274		10,828		10,464		2	%		13	%
Home equity		10,129		10,312		10,430		10,606		10,810		(2	%)		(6	%)
Automobile loans		11,944		11,812		11,755		11,882		11,696		1	%		2	%
Credit card		2,029		1,971		1,915		1,926		1,906		3	%		6	%
Other consumer loans and leases		306		314		326		345		402		(3	%)		(24	%)
Subtotal—consumer loans and leases		36,254		35,987		35,700		35,587		35,278		1	%		3	%
Total average loans and leases (excluding held for sale)	$	83,943	$	82,888	$	82,586	$	81,500	$	79,914		1	%		5	%
Average loans held for sale		2,237		1,941		1,920		2,257		2,364		15	%		(5	%)

Average loan and lease balances (excluding loans held-for-sale) increased $1.1 billion, or 1 percent, sequentially and increased $4.0 billion, or 5 percent, from the fourth quarter of 2011. Period end loan and lease balances (excluding loans held-for-sale) increased $2.7 billion, or 3 percent, sequentially and $4.8 billion, or 6 percent, from a year ago.

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Average commercial portfolio loan and lease balances were up $788 million, or 2 percent, sequentially and increased $3.1 billion, or 7 percent, from the fourth quarter of 2011. Average C&I loans increased 4 percent sequentially and 15 percent compared with the fourth quarter of 2011. Average commercial mortgage and commercial construction loan balances combined declined 4 percent sequentially and 13 percent from the same period the previous year. Commercial line usage, on an end of period basis, was 31 percent of committed lines in the fourth quarter of 2012 compared with 32 percent in the third quarter of 2012 and 32 percent in the fourth quarter of 2011.

Average consumer portfolio loan and lease balances increased $267 million, or 1 percent, sequentially and $976 million, or 3 percent, from the fourth quarter of 2011. Average residential mortgage loans increased 2 percent sequentially, reflecting strong originations due to continued refinancing activity associated with historically low interest rates as well as the continued retention of certain shorter term residential mortgage loans. Compared with the fourth quarter of 2011, average residential mortgage loans increased 13 percent and reflected the retention of these shorter term residential mortgage loans. Home equity loan balances declined 2 percent sequentially and 6 percent year-over-year due to lower demand and production. Average auto loans increased 1 percent sequentially and increased 2 percent year-over-year.

Average loans held-for-sale balance fluctuations were primarily driven by changes in residential mortgage held-for-sale balances. Average loans held-for-sale balances of $2.2 billion increased $296 million sequentially and decreased $127 million compared with the fourth quarter of 2011, and period end loans held-for-sale of $2.9 billion increased $1.1 billion from the previous quarter and decreased $15 million from the fourth quarter of 2011.

Deposits

	For the Three Months Ended										% Change
	December		September		June		March		December
	2012		2012		2012		2012		2011		Seq			Yr/Yr
Average Deposits ($ in millions)
Demand deposits	$	29,223	$	27,127	$	26,351	$	26,063	$	26,069		8	%		12	%
Interest checking		23,556		22,967		23,548		22,308		19,263		3	%		22	%
Savings		20,216		21,283		22,143		21,944		21,715		(5	%)		(7	%)
Money market		6,026		4,776		4,258		4,543		5,255		26	%		15	%
Foreign office (a)		1,174		1,345		1,321		2,277		3,325		(13	%)		(65	%)
Subtotal—Transaction deposits		80,195		77,498		77,621		77,135		75,627		3	%		6	%
Other time		4,094		4,224		4,359		4,551		4,960		(3	%)		(17	%)
Subtotal—Core deposits		84,289		81,722		81,980		81,686		80,587		3	%		5	%
Certificates—$100,000 and over		3,084		3,016		3,130		3,178		3,085		2	%		—
Other		32		32		23		19		16		(2	%)		94	%
Total deposits	$	87,405	$	84,770	$	85,133	$	84,883	$	83,688		3	%		4	%

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

Average core deposits increased $2.6 billion, or 3 percent, sequentially and increased $3.7 billion, or 5 percent, from the fourth quarter of 2011. Average transaction deposits,

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which are included in core deposits, increased $2.7 billion, or 3 percent, from the third quarter of 2012 primarily driven by higher demand deposits, money market, and interest checking balances, partially offset by lower savings balances. Year-over-year transaction deposits increased $4.6 billion, or 6 percent, driven by higher interest checking, demand deposits, and money market balances, partially offset by lower foreign office and savings balances. Other time deposits, primarily CDs, decreased 3 percent sequentially and 17 percent compared with the fourth quarter of 2011.

Commercial average transaction deposits increased 5 percent sequentially and 8 percent from the previous year. Sequential performance reflected higher demand deposits and money market balances. Year-over-year growth was primarily driven by higher inflows to interest checking and demand deposit account balances, partially offset by lower foreign office balances. Average public funds balances were $5.0 billion compared with $5.1 billion in the third quarter of 2012 and $5.6 billion in the fourth quarter of 2011.

Consumer average transaction deposits increased 2 percent sequentially and increased 4 percent from the fourth quarter of 2011. The sequential increase reflected higher money market, demand deposits, and interest checking balances, which were partially offset by lower savings balances. Year-over-year growth was primarily driven by increased interest checking and demand deposit balances partially offset by lower savings balances. Consumer CDs included in core deposits declined 3 percent sequentially, driven by customer reluctance to purchase CDs given the current low rate environment, and declined 17 percent year-over-year driven by maturities of higher-rate CDs.

Noninterest Income

	For the Three Months Ended												% Change
	December			September		June		March		December
	2012			2012		2012		2012		2011			Seq			Yr/Yr
Noninterest Income ($ in millions)
Service charges on deposits	$	134		$	128	$	130	$	129	$	136			5	%		(1	%)
Corporate banking revenue		114			101		102		97		82			13	%		38	%
Mortgage banking net revenue		258			200		183		204		156			29	%		65	%
Investment advisory revenue		93			92		93		96		90			1	%		3	%
Card and processing revenue		66			65		64		59		60			2	%		10	%
Other noninterest income		215			78		103		175		24			NM			NM
Securities gains, net		2			2		3		9		5			—			(60	%)
Securities gains (losses), net—non-qualifying hedges on mortgage servicing rights		(2	)		5		—		—		(3	)		NM			NM
Total noninterest income	$	880		$	671	$	678	$	769	$	550			31	%		60	%

NM: Not Meaningful

Noninterest income of $880 million increased $209 million sequentially, or 31 percent, and increased $330 million, or 60 percent, compared with prior year results. The sequential and year-over-year increases were both driven by a $157 million gain from the sale of Vantiv shares and higher mortgage banking and corporate banking revenue.

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Fourth quarter 2012 noninterest income results included a $19 million negative valuation adjustment on the Vantiv warrant, compared with a $16 million negative valuation adjustment in the third quarter of 2012 and a $10 million positive valuation adjustment on the Vantiv warrant and put instruments in the fourth quarter of 2011. Current quarter’s results also included a $15 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. Negative valuation adjustments on this swap were $1 million in the third quarter of 2012 and $54 million in the fourth quarter of 2011. Third quarter 2012 results also included $13 million in gains recognized on the sale of certain Fifth Third funds. Excluding these items, the gain from the sale of Vantiv shares, and investment securities gains in all periods, noninterest income of $755 million increased $82 million, or 12 percent, from the previous quarter and increased $166 million, or 28 percent, from the fourth quarter of 2011.

Service charges on deposits of $134 million increased 5 percent from the third quarter and decreased 1 percent compared with the same quarter last year. Retail service charges grew 10 percent sequentially largely due to a seasonal increase in consumer overdrafts as well as the initial benefit of the transition to our new and simplified deposit product offerings. Compared with the fourth quarter of 2011, retail service charges decreased 11 percent primarily due to changes in our overdraft policies during 2012. Commercial service charges increased 2 percent sequentially and 6 percent from a year ago primarily as a result of higher treasury management fees.

Corporate banking revenue of $114 million increased 13 percent from the third quarter of 2012 driven by higher syndication fees, business lending fees, and derivative fees, which benefited from higher activity in anticipation of changes to tax rules. Corporate banking revenue increased 38 percent from the same period last year driven by increased syndication fees and business lending fees as a result our investments in our capital markets and treasury management capabilities, which are creating more lead opportunities and increased production.

Mortgage banking net revenue was $258 million in the fourth quarter of 2012, a 29 percent increase from the third quarter of 2012 and a 65 percent increase from the fourth quarter of 2011. Fourth quarter 2012 originations were $7.0 billion, compared with $5.8 billion in the previous quarter and $7.1 billion in the fourth quarter of 2011. Fourth quarter 2012 originations resulted in gains of $239 million on mortgages sold, reflecting higher mortgage sales revenue partially offset by lower gain on sale margins. This compares with gains of $226 million during the previous quarter and $152 million during the fourth quarter of 2011. Mortgage servicing fees this quarter were $64 million, compared with $62 million in the previous quarter and $58 million in the fourth 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 $45 million in the fourth quarter of 2012 (reflecting MSR amortization of $52 million and MSR valuation adjustments of positive $7 million);

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negative $88 million in the third quarter of 2012 (MSR amortization of $48 million and MSR valuation adjustments of negative $40 million); and negative $54 million in the fourth quarter of 2011 (MSR amortization of $47 million and MSR valuation adjustments of negative $7 million). The mortgage servicing asset, net of the valuation reserve, was $697 million at quarter end on a servicing portfolio of $62 billion.

Net losses on securities held as non-qualifying hedges for the MSR portfolio were $2 million in the fourth quarter of 2012, compared with net gains of $5 million in the third quarter of 2012 and net losses of $3 million in the fourth quarter of 2011.

Investment advisory revenue of $93 million increased 1 percent sequentially and increased 3 percent year–over-year, reflecting higher private client services and institutional trust fees, which benefited from improvement in equity and bond market values, partially offset by lower mutual fund fees largely due to the sale of certain Fifth Third funds in the third quarter of 2012.

Card and processing revenue was $66 million in the fourth quarter of 2012, an increase of 2 percent sequentially and 10 percent from the fourth quarter of 2011, reflecting higher transaction volumes, higher levels of consumer spending, and new products.

Other noninterest income totaled $215 million in the fourth quarter of 2012, compared with $78 million in the previous quarter and $24 million in the fourth quarter of 2011. The growth sequentially and from the fourth quarter of 2011 was primarily driven by the $157 million gain on the sale of Vantiv shares. 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 quarters ending December 31, 2012, September 30, 2012, and December 31, 2011, the impact of warrant and put option valuation adjustments were negative $19 million, negative $16 million, and positive $10 million, respectively, and reductions in income related to the Visa total return swap were $15 million, $1 million, and $54 million, respectively. Third quarter 2012 results also included $13 million in gains recognized on the sale of certain Fifth Third funds. Excluding the items detailed above, other noninterest income of $92 million increased approximately $10 million from the previous quarter and increased approximately $24 million from the fourth quarter of 2011.

Net credit-related costs recognized in other noninterest income were $13 million in the fourth quarter of 2012 versus $14 million last quarter and $33 million in the fourth quarter of 2011. Fourth quarter 2012 results included $4 million of net gains on sales of commercial loans held-for-sale and $3 million of fair value charges on commercial loans held-for-sale, as well as $10 million of losses on other real estate owned (OREO). Third quarter 2012 results included $2 million of net gains on sales of commercial loans held-for-sale and $3 million of fair value charges on commercial loans held-for-sale, as well as $11 million of losses on OREO. Fourth quarter 2011 results included $9 million of net gains on sales of commercial loans held-for-sale, $18 million of fair value charges on commercial loans held-for-sale, and $22 million of losses on OREO.

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Net gains on investment securities were $2 million in the fourth quarter of 2012, compared with investment securities gains of $2 million in the previous quarter and $5 million in the fourth quarter of 2011.

Noninterest Expense

	For the Three Months Ended										% Change
	December		September		June		March		December
	2012		2012		2012		2012		2011		Seq			Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	416	$	399	$	393	$	399	$	393		4	%		6	%
Employee benefits		96		79		84		112		84		22	%		15	%
Net occupancy expense		76		76		74		77		79		—			(3	%)
Technology and communications		52		49		48		47		48		6	%		10	%
Equipment expense		27		28		27		27		27		(2	%)		(1	%)
Card and processing expense		31		30		30		30		28		5	%		10	%
Other noninterest expense		465		345		281		281		334		35	%		39	%
Total noninterest expense	$	1,163	$	1,006	$	937	$	973	$	993		16	%		17	%

Noninterest expense of $1.2 billion increased 16 percent from the third quarter of 2012 and increased 17 percent from the fourth quarter of 2011. Fourth quarter 2012 expenses included $134 million of debt extinguishment costs associated with the termination of $1 billion of FHLB debt; $26 million of additional expenses associated with the increase in the representation and warranty reserve; and $13 million in charges to increase litigation reserves. Third quarter 2012 expenses included $26 million of debt extinguishment costs associated with the redemption of Capital Trust V and Capital Trust VI TruPS; $22 million of additional expenses associated with the increase in the mortgage representation and warranty reserve; $5 million in charges to increase litigation reserves; a $5 million benefit from the sale of affordable housing investments; and $2 million of costs associated with the sale of certain Fifth Third funds. Fourth quarter 2011 expenses included $10 million in charges to increase litigation reserves, primarily related to bankcard association membership. Excluding these items, noninterest expense of $990 million increased $34 million, or 4 percent, compared with the third quarter of 2012 and increased $7 million, or 1 percent, compared with the fourth quarter of 2011. The increase in both periods was largely due to higher compensation-related expenses, primarily performance incentives, driven by strong mortgage originations and commercial and corporate banking results. In addition, the sequential comparison was affected by $6 million of annual pension settlement expense in the fourth quarter.

Credit costs related to problem assets recorded as noninterest expense totaled $68 million in the fourth quarter of 2012, compared with $59 million in the third quarter of 2012 and $44 million in the fourth quarter of 2011. Fourth quarter credit-related expenses included provisioning for mortgage repurchases of $44 million, compared with $36 million in the third quarter and $18 million a year ago. (Realized mortgage repurchase losses were $15 million in the fourth quarter of 2012, compared with $15 million last quarter and $17 million in the fourth quarter of 2011.) The increase in mortgage representation and warranty expense was primarily due to an increase in the reserve as a result of additional information obtained from Freddie Mac regarding changes to their selection criteria for future mortgage repurchases and file requests, which now includes 2004

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through 2006 vintages. As such, we were able to better estimate the losses that are probable on loans sold to Freddie Mac with representation and warranty provisions. (Freddie Mac loans represent approximately 56 percent of Fifth Third’s mortgage servicing portfolio.) Provision for unfunded commitments was an expense of $3 million in the current quarter, compared with a benefit of $2 million last quarter and a benefit of $6 million a year ago. Derivative valuation adjustments related to customer credit risk were positive $2 million, $2 million, and $5 million for this quarter, last quarter and the year ago quarter, respectively. OREO expense was $5 million this quarter, compared with $6 million last quarter and $8 million a year ago. Other problem asset-related expenses were $19 million in the fourth quarter, compared with $21 million the previous quarter and $28 million in the same period last year.

Credit Quality

	For the Three Months Ended
	December			September			June			March			December
	2012			2012			2012			2012			2011
Total net losses charged off ($ in millions)
Commercial and industrial loans	($	36	)	($	29	)	($	46	)	($	54	)	($	62	)
Commercial mortgage loans		(17	)		(28	)		(25	)		(30	)		(47	)
Commercial construction loans		(4	)		(4	)		—			(18	)		(4	)
Commercial leases		1			(1	)		(7	)		—			—
Residential mortgage loans		(23	)		(26	)		(36	)		(37	)		(36	)
Home equity		(34	)		(37	)		(39	)		(46	)		(50	)
Automobile loans		(9	)		(7	)		(7	)		(9	)		(13	)
Credit card		(19	)		(18	)		(18	)		(20	)		(21	)
Other consumer loans and leases		(6	)		(6	)		(3	)		(6	)		(6	)
Total net losses charged off		(147	)		(156	)		(181	)		(220	)		(239	)
Total losses		(177	)		(188	)		(219	)		(253	)		(280	)
Total recoveries		30			32			38			33			41
Total net losses charged off	($	147	)	($	156	)	($	181	)	($	220	)	($	239	)
Ratios (annualized)
Net losses charged off as a percent of average loans and leases (excluding held for sale)		0.70	%		0.75	%		0.88	%		1.08	%		1.19	%
Commercial		0.46	%		0.53	%		0.67	%		0.89	%		1.00	%
Consumer		1.01	%		1.04	%		1.15	%		1.34	%		1.43	%

Net charge-offs were $147 million in the fourth quarter of 2012, or 70 bps of average loans on an annualized basis, the lowest level since the third quarter of 2007. Net charge-offs declined 6 percent compared with third quarter 2012 net charge-offs of $156 million, and declined 38 percent versus fourth quarter 2011 net charge-offs of $239 million.

Commercial net charge-offs were $56 million, or 46 bps, down $6 million compared with $62 million, or 53 bps, in the third quarter driven by declines in commercial mortgage net charge-offs. Commercial net charge-offs were at the lowest level since the third quarter of 2007. Commercial mortgage net charge-offs were $17 million, down $11 million from $28 million in the previous quarter. C&I net charge-offs totaled $36 million, compared with net losses of $29 million in the previous quarter. Commercial construction net charge-offs were $4 million in the fourth quarter, or flat compared with the prior quarter. The homebuilder / developer portfolio now totals $318 million, down from a peak of $3.3 billion in the second quarter of 2008. We recorded

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no material net charge-offs on these loans in the fourth quarter of 2012. This lending was suspended in 2007 and originations remain extremely limited.

Consumer net charge-offs were $91 million, or 101 bps, down $3 million sequentially. Net charge-offs on residential mortgage loans in the portfolio were $23 million, down $3 million from the previous quarter. Home equity net charge-offs were $34 million, down $3 million from the third quarter. Net charge-offs on brokered home equity loans represented 35 percent of fourth quarter home equity losses; such loans are 14 percent of the total home equity portfolio. The home equity portfolio included $1.3 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 $9 million increased $2 million compared with the prior quarter. Net charge-offs on consumer credit card loans were $19 million, up $1 million from third quarter. Net charge-offs in other consumer loans were $6 million, or flat compared with the previous quarter.

	For the Three Months Ended
	December			September			June			March			December
	2012			2012			2012			2012			2011
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	1,925		$	2,016		$	2,126		$	2,255		$	2,439
Total net losses charged off		(147	)		(156	)		(181	)		(220	)		(239	)
Provision for loan and lease losses		76			65			71			91			55
Allowance for loan and lease losses, ending		1,854			1,925			2,016			2,126			2,255
Reserve for unfunded commitments, beginning		176			178			179			181			187
Provision for unfunded commitments		3			(2	)		(1	)		(2	)		(6	)
Reserve for unfunded commitments, ending		179			176			178			179			181
Components of allowance for credit losses:
Allowance for loan and lease losses		1,854			1,925			2,016			2,126			2,255
Reserve for unfunded commitments		179			176			178			179			181
Total allowance for credit losses	$	2,033		$	2,101		$	2,194		$	2,305		$	2,436
Allowance for loan and lease losses ratio
As a percent of loans and leases		2.16	%		2.32	%		2.45	%		2.59	%		2.78	%
As a percent of nonperforming loans and leases (a)		180	%		167	%		150	%		157	%		157	%
As a percent of nonperforming assets (a)		144	%		133	%		125	%		127	%		124	%

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

Provision for loan and lease losses totaled $76 million in the fourth quarter of 2012, up $11 million from the third quarter of 2012 and up $21 million from the fourth quarter of 2011. The allowance for loan and lease losses declined $71 million sequentially reflecting continued improvement in credit trends. This allowance represented 2.16 percent of total loans and leases outstanding as of quarter end, compared with 2.32 percent last quarter, and represented 180 percent of nonperforming loans and leases, 144 percent of nonperforming assets, and 317 percent of fourth quarter annualized net charge-offs.

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	As of
	December			September			June			March			December
	2012			2012			2012			2012			2011
Nonperforming Assets and Delinquent Loans ($ in millions)
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	234		$	309		$	377		$	358		$	408
Commercial mortgage loans		215			263			357			347			358
Commercial construction loans		70			76			99			118			123
Commercial leases		1			5			3			8			9
Residential mortgage loans		114			126			135			135			134
Home equity		30			29			30			26			25
Automobile loans		—			—			1			1			—
Other consumer loans and leases		1			—			—			1			1
Total nonaccrual loans and leases	$	665		$	808		$	1,002		$	994		$	1,058
Restructured loans and leases—commercial (nonaccrual)		177			153			147			157			160
Restructured loans and leases—consumer (nonaccrual)		187			192			193			201			220
Total nonperforming loans and leases	$	1,029		$	1,153		$	1,342		$	1,352		$	1,438
Repossessed personal property		8			10			9			8			14
Other real estate owned (a)		249			283			268			313			364
Total nonperforming assets (b)	$	1,286		$	1,446		$	1,619		$	1,673		$	1,816
Nonaccrual loans held for sale		25			38			55			110			131
Restructured loans—commercial (nonaccrual) held for sale		4			5			5			7			7
Total nonperforming assets including loans held for sale	$	1,315		$	1,489		$	1,679		$	1,790		$	1,954
Restructured Consumer loans and leases (accrual)	$	1,655		$	1,641		$	1,634		$	1,624		$	1,612
Restructured Commercial loans and leases (accrual)	$	431		$	442		$	455		$	481		$	390
Total loans and leases 90 days past due	$	195		$	201		$	203		$	216		$	200
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned (b)		1.19	%		1.38	%		1.62	%		1.64	%		1.76	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (b)		1.49	%		1.73	%		1.96	%		2.03	%		2.23	%

(a) Excludes government insured advances.

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

Total nonperforming assets, including loans held-for-sale, were $1.3 billion, a decline of $174 million, or 12 percent, from the previous quarter. Nonperforming assets held-for-investment (NPAs) were $1.3 billion or 1.49 percent of total loans, leases and OREO, and decreased $160 million, or 11 percent, from the previous quarter. Nonperforming loans held-for-investment (NPLs) at quarter end were $1.0 billion or 1.19 percent of total loans, leases and OREO, and decreased $124 million, or 11 percent, from the previous quarter.

Commercial portfolio NPAs were $883 million, or 1.78 percent of commercial loans, leases and OREO, and decreased $134 million, or 13 percent, from the third quarter. Commercial portfolio NPLs were $697 million, or 1.41 percent of commercial loans and leases, and decreased $109 million from last quarter driven by declines in C&I and commercial mortgage NPLs. C&I portfolio NPAs of $352 million decreased $55 million from the previous quarter. Commercial mortgage portfolio NPAs were $434 million, down $55 million from the prior quarter. Commercial construction portfolio NPAs were $88 million, a decline of $23 million from the previous quarter. Commercial real estate loans in Michigan and Florida represented 46 percent of commercial real estate NPAs and 37 percent of our total commercial real estate portfolio. Within the overall commercial loan portfolio, residential real estate builder and developer portfolio NPAs of $88 million declined $16 million from the third quarter, of which $26 million were commercial construction assets, $51 million were commercial mortgage assets and $11 million were C&I assets. Commercial portfolio NPAs included $177 million of nonaccrual troubled debt restructurings (TDRs), compared with $153 million last quarter.

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Consumer portfolio NPAs of $403 million, or 1.10 percent of consumer loans, leases and OREO, decreased $26 million from the third quarter. Consumer portfolio NPLs were $332 million, or 0.91 percent of consumer loans and leases and decreased $15 million from last quarter. Of consumer NPAs, $352 million were in residential real estate portfolios. Residential mortgage NPAs were $290 million, $28 million lower than last quarter, with Florida representing 47 percent of residential mortgage NPAs and 14 percent of total residential mortgage loans. Home equity NPAs of $62 million were flat compared with last quarter. Credit card NPAs were also flat compared to the previous quarter at $39 million. Consumer nonaccrual TDRs were $187 million in the fourth quarter of 2012, compared with $192 million in the third quarter 2012.

Fourth quarter OREO balances included in portfolio NPA balances described above were $249 million, down $34 million from the third quarter, and included $186 million in commercial OREO and $63 million in consumer OREO. Repossessed personal property of $8 million consisted largely of autos.

Loans still accruing over 90 days past due were $195 million, down $6 million, or 3 percent, from the third quarter of 2012. Commercial balances 90 days past due of $24 million were up $1 million sequentially. Consumer balances 90 days past due of $171 million were down $7 million from the previous quarter. Loans 30-89 days past due of $330 million decreased $15 million, or 4 percent, from the previous quarter. Commercial balances 30-89 days past due of $17 million were down $7 million sequentially driven by increased payoffs, paydowns, and renewals and consumer balances 30-89 days past due of $313 million decreased $8 million from the third quarter, reflecting declines in mortgage.

Commercial nonaccrual loans held-for-sale were $29 million, compared with $43 million at the end of the third quarter. During the quarter, $11 million of nonaccrual held-for-sale loans were sold; no nonaccrual commercial loans from the portfolio were transferred to loans held-for-sale, and $1 million of loans from loans held-for-sale were transferred to OREO. Negative valuation adjustments of $3 million were recorded on held-for-sale loans and net gains of $4 million were recorded on loans that were sold or settled during the quarter.

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Capital Position

	For the Three Months Ended
	December			September			June			March			December
	2012			2012			2012			2012			2011
Capital Position
Average shareholders’ equity to average assets		11.65	%		11.82	%		11.58	%		11.49	%		11.41	%
Tangible equity (a)		9.17	%		9.45	%		9.50	%		9.37	%		9.03	%
Tangible common equity (excluding unrealized gains/losses) (a)		8.83	%		9.10	%		9.15	%		9.02	%		8.68	%
Tangible common equity (including unrealized gains/losses) (a)		9.10	%		9.45	%		9.49	%		9.37	%		9.04	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (a) (b)		9.57	%		9.74	%		9.84	%		9.71	%		9.41	%
Regulatory capital ratios: (c)
Tier I capital		10.65	%		10.85	%		12.31	%		12.20	%		11.91	%
Total risk-based capital		14.42	%		14.76	%		16.24	%		16.07	%		16.09	%
Tier I leverage		10.05	%		10.09	%		11.39	%		11.31	%		11.10	%
Tier I common equity (a)		9.51	%		9.67	%		9.77	%		9.64	%		9.35	%
Book value per share		15.10			14.84			14.56			14.30			13.92
Tangible book value per share (a)		12.33			12.12			11.89			11.64			11.25

(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, reflecting growth in retained earnings and included the impact of share repurchase activity during the quarter. Compared with the prior quarter, the Tier 1 common equity ratio* decreased 16 bps to 9.51 percent. The tangible common equity to tangible assets ratio* was 8.83 percent (excluding unrealized gains/losses) and 9.10 percent (including unrealized gains/losses). The Tier 1 capital ratio decreased 20 bps to 10.65 percent. The Total capital ratio decreased 34 bps to 14.42 percent and the Leverage ratio decreased 4 bps to 10.05 percent. The Tier 1 common capital ratio was reduced during the quarter by approximately 20 bps due to the repurchase of $225 million in common shares.

Book value per share at December 31, 2012 was $15.10 and tangible book value per share* was $12.33, compared with September 30, 2012 book value per share of $14.84 and tangible book value per share of $12.12.

As previously announced, Fifth Third entered into a share repurchase agreement with a counterparty on November 6, 2012, whereby Fifth Third would purchase approximately $125 million of its outstanding common stock. For the quarter, this transaction reduced Fifth Third’s share count by 7.7 million shares on the initial transaction date, which had a 4 million impact on average share count. Fifth Third expects the settlement of the forward contract to occur on or before February 7, 2013.

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

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In addition, Fifth Third entered into another share repurchase agreement with a counterparty on December 14, 2012, whereby Fifth Third would purchase approximately $100 million of its outstanding common stock. For the quarter, this transaction reduced Fifth Third’s share count by 6.3 million shares on the initial transaction date, which had a 1 million impact on average share count. Fifth Third expects the settlement of the forward contract to occur on or before March 14, 2013. Our annual capital plan included a remaining $125 million in additional potential repurchases through March 31, 2013.

U.S. banking regulators 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 were presented for public comment, which regulators are currently studying. We continue to evaluate these proposals and their potential impact. Our current estimate of the pro-forma fully phased in Tier I common equity ratio at December 31, 2012 under the proposed capital rules is approximately 8.8%** compared with 9.5%* as calculated under the existing Basel I capital framework. The primary drivers of the change from the existing Basel I capital framework to the Basel III proposal are an increase in Tier I common equity of approximately 40 bps (primarily from the inclusion of AOCI) which would be more than offset by the impact of increases in risk-weighted assets (primarily from 1-4 family senior and junior lien residential mortgages and commitments with an original maturity of one year or less). The pro forma Tier I common equity ratio exceeds the proposed minimum Tier I common equity ratio of 7% comprised of a minimum of 4.5% plus a capital conservation buffer of 2.5%. The pro forma Tier I common equity ratio does not include the effect of any mitigating actions the Bancorp may undertake to offset the impact of any final capital rules. As noted, the proposed rules remain subject to public comment, interpretation, and change.

Under the Dodd-Frank Act financial reform legislation, 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 December 31, 2012 included $810 million of TruPS, or 0.8 percent of risk weighted assets. 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. We expect to manage our capital structure over time – including the components represented by common equity and non-common equity – to adapt to and reflect the effect of legislation, changes in U.S. bank capital regulations that reflect international capital rules developments, regulatory expectations, and our goals for capital levels and capital composition as appropriate given any changes in rules.

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

** The pro forma Tier I common equity ratio is management’s estimate based upon its current interpretation of the three draft Federal Register notices proposing enhancements to regulatory capital requirements published in June 2012. The actual impact to the Bancorp’s Tier I common equity ratio may change significantly due to further clarification of the agencies proposals or revisions to the agencies final rules, which remain subject to public comment.

16

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 9, 2012. Under this rule, we are required to submit our annual capital plan to the Federal Reserve, for its objection or non-objection. Fifth Third submitted its 2013 capital plan on January 7, 2013, as required. The plan included those capital actions Fifth Third intends to pursue or contemplate during the period covered by the FRB’s response, which is the second quarter of 2013 through the first quarter of 2014. Our plan for the covered period included the possibility that we would increase our common dividend, consistent with the FRB’s 30 percent payout ratio guidance and conduct common share repurchases at levels consistent with the pace of recent activity, which would be expected to maintain common equity capital levels in the current range. Any such actions would be based 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. The Federal Reserve has indicated to the BHCs that it will issue its response on or before March 31, 2013.

Tax Rate

The effective tax rate was 26.8 percent this quarter compared with 27.7 percent in the third quarter, due to a benefit of approximately $10 million related to the termination of certain leases.

Other

Fifth Third Bank owns 70.2 million units representing a 33 percent interest in Vantiv Holding, LLC. Based upon Vantiv’s closing price of $20.42 on December 31, 2012, our interest in Vantiv was valued at approximately $1.4 billion. Next month in our 10-K, we will update our disclosure of the carrying value of our interest in Vantiv stock which was approximately $651 million as of September 30, 2012. 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 $177 million.

Conference Call

Fifth Third will host a conference call to discuss these financial results at 9:30 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, January 31 by dialing 800-585-8367 for domestic access and 404-537-3406 for international access (passcode 79425141#).

17

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of December 31, 2012, the Company had $122 billion in assets and operated 15 affiliates with 1,325 full-service Banking Centers, including 106 Bank Mart^® locations open seven days a week inside select grocery stores and 2,415 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 33% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2012, had $308 billion in assets under care, of which it managed $27 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the NASDAQ^® National Global Select Market under the symbol “FITB.”

Forward-Looking Statements

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

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1) general economic conditions and weakening in the economy, specifically the real estate market, either nationally or in the states in which Fifth Third, one or more acquired entities and/or the combined company do business, are less favorable than expected; (2) deteriorating credit quality; (3) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes in the interest rate environment reduce interest margins; (5) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (6) Fifth Third’s ability to maintain required capital levels and adequate sources of funding and liquidity; (7) maintaining capital requirements may limit Fifth Third’s operations and potential growth; (8) changes and trends in capital markets; (9) problems encountered by larger or similar financial institutions may adversely affect the banking industry and/or Fifth Third; (10) competitive pressures among depository institutions increase significantly; (11) effects of critical accounting policies and judgments; (12) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board (FASB) or other regulatory agencies; (13) legislative or regulatory changes or actions, or significant litigation, adversely affect Fifth Third, one or more acquired entities and/or the combined company or the businesses in which Fifth Third, one or more acquired entities and/or the combined company are engaged, including the 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 or the results of operations of Vantiv, LLC 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 and deliver products and services through the use of computer systems and telecommunications networks; and (23) the impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity.

You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements.

# # #

18

Quarterly Financial Review for December 31, 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
	December 2012			September 2012			December 2011			Seq			Yr/Yr			December 2012			December 2011			Yr/Yr
Income Statement Data
Net interest income (a)	$	903		$	907		$	920			—			(2	%)	$	3,613		$	3,575			1	%
Noninterest income		880			671			550			31	%		60	%		2,999			2,455			22	%
Total revenue (a)		1,783			1,578			1,470			13	%		21	%		6,612			6,030			10	%
Provision for loan and lease losses		76			65			55			17	%		38	%		303			423			(28	%)
Noninterest expense		1,163			1,006			993			16	%		17	%		4,081			3,758			9	%
Net income attributable to Bancorp		399			363			314			10	%		27	%		1,576			1,297			22	%
Net income available to common shareholders		390			354			305			10	%		28	%		1,541			1,094			41	%
Common Share Data
Earnings per share, basic	$	0.44		$	0.39		$	0.33			13	%		33	%	$	1.69		$	1.20			41	%
Earnings per share, diluted		0.43			0.38			0.33			13	%		30	%		1.66			1.18			41	%
Cash dividends per common share		0.10			0.10			0.08			—			25	%		0.36			0.28			29	%
Book value per share		15.10			14.84			13.92			2	%		8	%		15.10			13.92			8	%
Market price per share		15.20			15.51			12.72			(2	%)		19	%		15.20			12.72			19	%
Common shares outstanding (in thousands)		882,152			897,467			919,804			(2	%)		(4	%)		882,152			919,804			(4	%)
Average common shares outstanding (in thousands):
Basic		884,676			904,475			914,997			(2	%)		(3	%)		904,425			906,461			—
Diluted		925,585			944,821			956,349			(2	%)		(3	%)		945,554			949,545			—
Market capitalization	$	13,409		$	13,920		$	11,700			(4	%)		15	%	$	13,409		$	11,700			15	%
Financial Ratios
Return on assets		1.33	%		1.23	%		1.08	%		8	%		23	%		1.34	%		1.15	%		17	%
Return on average common equity		11.5	%		10.4	%		9.5	%		11	%		21	%		11.6	%		9.0	%		29	%
Return on average tangible common equity (b)		14.1	%		12.8	%		11.9	%		10	%		19	%		14.3	%		11.4	%		25	%
Noninterest income as a percent of total revenue		49	%		43	%		37	%		14	%		32	%		45	%		41	%		10	%
Average equity as a percent of average assets		11.65	%		11.82	%		11.41	%		(1	%)		2	%		11.65	%		11.41	%		2	%
Tangible common equity (c) (d)		8.83	%		9.10	%		8.68	%		(3	%)		2	%		8.83	%		8.68	%		2	%
Net interest margin (a)		3.49	%		3.56	%		3.67	%		(2	%)		(5	%)		3.55	%		3.66	%		(3	%)
Efficiency (a)		65.2	%		63.7	%		67.5	%		2	%		(3	%)		61.7	%		62.3	%		(1	%)
Effective tax rate		26.8	%		27.7	%		24.9	%		(3	%)		8	%		28.8	%		29.1	%		(1	%)
Credit Quality
Net losses charged off	$	147		$	156		$	239			(6	%)		(38	%)	$	704		$	1,172			(40	%)
Net losses charged off as a percent of average loans and leases		0.70	%		0.75	%		1.19	%		(7	%)		(41	%)		0.85	%		1.49	%		(43	%)
Allowance for loan and lease losses as a percent of loans and leases		2.16	%		2.32	%		2.78	%		(7	%)		(22	%)		2.16	%		2.78	%		(22	%)
Allowance for credit losses as a percent of loans and leases		2.37	%		2.53	%		3.01	%		(6	%)		(21	%)		2.37	%		3.01	%		(21	%)
Nonperforming assets as a percent of loans, lease sand other assets, including other real estate owned (e)		1.49	%		1.73	%		2.23	%		(14	%)		(34	%)		1.49	%		2.23	%		(34	%)
Average Balances
Loans and leases, including held for sale	$	86,180		$	84,829		$	82,278			2	%		5	%	$	84,822		$	80,214			6	%
Total securities and other short-term investments		16,765			16,588			17,243			1	%		(3	%)		16,814			17,468			(4	%)
Total assets		118,943			117,521			115,268			1	%		3	%		117,614			112,666			4	%
Transaction deposits (f)		80,195			77,498			75,627			3	%		6	%		78,116			72,392			8	%
Core deposits (g)		84,289			81,722			80,587			3	%		5	%		82,422			78,652			5	%
Wholesale funding (h)		16,354			17,431			16,939			(6	%)		(4	%)		16,978			16,939			—
Bancorp shareholders’ equity		13,855			13,887			13,147			—			5	%		13,701			12,885			6	%
Regulatory Capital Ratios (i)
Tier I capital		10.65	%		10.85	%		11.91	%		(2	%)		(11	%)		10.65	%		11.91	%		(11	%)
Total risk-based capital		14.42	%		14.76	%		16.09	%		(2	%)		(10	%)		14.42	%		16.09	%		(10	%)
Tier I leverage		10.05	%		10.09	%		11.10	%		—			(9	%)		10.05	%		11.10	%		(9	%)
Tier I common equity (d)		9.51	%		9.67	%		9.35	%		(2	%)		2	%		9.51	%		9.35	%		2	%
Operations
Banking centers		1,325			1,320			1,316			—			1	%		1,325			1,316			1	%
ATMs		2,415			2,404			2,425			—			—			2,415			2,425			—
Full-time equivalent employees		20,798			20,789			21,334			—			(3	%)		20,798			21,334			(3	%)

(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
	December 2012			September 2012			June 2012			March 2012			December 2011
Income Statement Data
Net interest income (a)	$	903		$	907		$	899		$	903		$	920
Noninterest income		880			671			678			769			550
Total revenue (a)		1,783			1,578			1,577			1,672			1,470
Provision for loan and lease losses		76			65			71			91			55
Noninterest expense		1,163			1,006			937			973			993
Net income attributable to Bancorp		399			363			385			430			314
Net income available to common shareholders		390			354			376			421			305
Common Share Data
Earnings per share, basic	$	0.44		$	0.39		$	0.41		$	0.46		$	0.33
Earnings per share, diluted		0.43			0.38			0.40			0.45			0.33
Cash dividends per common share		0.10			0.10			0.08			0.08			0.08
Book value per share		15.10			14.84			14.56			14.30			13.92
Market price per share		15.20			15.51			13.40			14.04			12.72
Common shares outstanding (in thousands)		882,152			897,467			918,913			920,056			919,804
Average common shares outstanding (in thousands):
Basic		884,676			904,475			913,541			915,226			914,997
Diluted		925,585			944,821			954,622			957,416			956,349
Market capitalization	$	13,409		$	13,920		$	12,313		$	12,918		$	11,700
Financial Ratios
Return on assets		1.33	%		1.23	%		1.32	%		1.49	%		1.08	%
Return on average common equity		11.5	%		10.4	%		11.4	%		13.1	%		9.5	%
Return on average tangible common equity (b)		14.1	%		12.8	%		14.1	%		16.2	%		11.9	%
Noninterest income as a percent of total revenue		49	%		43	%		43	%		46	%		37	%
Average equity as a percent of average assets		11.65	%		11.82	%		11.58	%		11.49	%		11.41	%
Tangible common equity (c) (d)		8.83	%		9.10	%		9.15	%		9.02	%		8.68	%
Net interest margin (a)		3.49	%		3.56	%		3.56	%		3.61	%		3.67	%
Efficiency (a)		65.2	%		63.7	%		59.4	%		58.3	%		67.5	%
Effective tax rate		26.8	%		27.7	%		31.8	%		28.6	%		24.9	%
Credit Quality
Net losses charged off	$	147		$	156		$	181		$	220		$	239
Net losses charged off as a percent of average loans and leases		0.70	%		0.75	%		0.88	%		1.08	%		1.19	%
Allowance for loan and lease losses as a percent of loans and leases		2.16	%		2.32	%		2.45	%		2.59	%		2.78	%
Allowance for credit losses as a percent of loans and leases		2.37	%		2.53	%		2.66	%		2.81	%		3.01	%
Nonperforming assets as a percent of loans, lease sand other assets, including other real estate owned (e)		1.49	%		1.73	%		1.96	%		2.03	%		2.23	%
Average Balances
Loans and leases, including held for sale	$	86,180		$	84,829		$	84,508		$	83,757		$	82,278
Total securities and other short-term investments		16,765			16,588			17,168			16,735			17,243
Total assets		118,943			117,521			117,654			116,325			115,268
Transaction deposits (f)		80,195			77,498			77,621			77,135			75,627
Core deposits (g)		84,289			81,722			81,980			81,686			80,587
Wholesale funding (h)		16,354			17,431			17,533			16,596			16,939
Bancorp shareholders’ equity		13,855			13,887			13,628			13,366			13,147
Regulatory Capital Ratios (i)
Tier I capital		10.65	%		10.85	%		12.31	%		12.20	%		11.91	%
Total risk-based capital		14.42	%		14.76	%		16.24	%		16.07	%		16.09	%
Tier I leverage		10.05	%		10.09	%		11.39	%		11.31	%		11.10	%
Tier I common equity (d)		9.51	%		9.67	%		9.77	%		9.64	%		9.35	%
Operations
Banking centers		1,325			1,320			1,322			1,315			1,316
ATMs		2,415			2,404			2,409			2,404			2,425
Full-time equivalent employees		20,798			20,789			20,888			21,206			21,334

(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
	December 2012			September 2012		December 2011			Seq			Yr/Yr			December 2012			December 2011		Yr/Yr
Interest Income
Interest and fees on loans and leases	$	891		$	893	$	911			—			(2	%)	$	3,574		$	3,613		(1	%)
Interest on securities		124			129		145			(4	%)		(15	%)		529			600		(12	%)
Interest on other short-term investments		1			1		1			9	%		(9	%)		4			5		(24	%)
Total interest income		1,016			1,023		1,057			(1	%)		(4	%)		4,107			4,218		(3	%)
Interest Expense
Interest on deposits		51			52		65			(2	%)		(22	%)		216			352		(38	%)
Interest on short-term borrowings		3			3		1			7	%		NM			8			4		NM
Interest on long-term debt		63			65		75			(4	%)		(17	%)		288			305		(6	%)
Total interest expense		117			120		141			(3	%)		(17	%)		512			661		(23	%)
Net Interest Income		899			903		916			—			(2	%)		3,595			3,557		1	%
Provision for loan and lease losses		76			65		55			17	%		38	%		303			423		(28	%)
Net interest income after provision for loan and lease losses		823			838		861			(2	%)		(4	%)		3,292			3,134		5	%
Noninterest Income
Service charges on deposits		134			128		136			5	%		(1	%)		522			520		—
Corporate banking revenue		114			101		82			13	%		38	%		413			350		18	%
Mortgage banking net revenue		258			200		156			29	%		65	%		845			597		41	%
Investment advisory revenue		93			92		90			1	%		3	%		374			375		—
Card and processing revenue		66			65		60			2	%		10	%		253			308		(18	%)
Other noninterest income		215			78		24			NM			NM			574			250		NM
Securities gains, net		2			2		5			—			(60	%)		15			46		(67	%)
Securities gains (loss), net—non-qualifying hedge son mortgage servicing rights		(2	)		5		(3	)		NM			NM			3			9		(71	%)
Total noninterest income		880			671		550			31	%		60	%		2,999			2,455		22	%
Noninterest Expense
Salaries, wages and incentives		416			399		393			4	%		6	%		1,607			1,478		9	%
Employee benefits		96			79		84			22	%		15	%		371			330		12	%
Net occupancy expense		76			76		79			—			(3	%)		302			305		(1	%)
Technology and communications		52			49		48			6	%		10	%		196			188		5	%
Equipment expense		27			28		27			(2	%)		(1	%)		110			113		(3	%)
Card and processing expense		31			30		28			5	%		10	%		121			120		1	%
Other noninterest expense		465			345		334			35	%		39	%		1,374			1,224		12	%
Total noninterest expense		1,163			1,006		993			16	%		17	%		4,081			3,758		9	%
Income before income taxes		540			503		418			7	%		29	%		2,210			1,831		21	%
Applicable income taxes		144			139		104			4	%		38	%		636			533		19	%
Net Income		396			364		314			9	%		26	%		1,574			1,298		21	%
Less: Net income attributable to noncontrolling interest		(3	)		1		—			NM			NM			(2	)		1		NM
Net income attributable to Bancorp		399			363		314			10	%		27	%		1,576			1,297		22	%
Dividends on preferred stock		9			9		9			—			—			35			203		(83	%)
Net income available to common shareholders	$	390		$	354	$	305			10	%		28	%	$	1,541		$	1,094		41	%

22

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	December 2012			September 2012		June 2012		March 2012		December 2011
Interest Income
Interest and fees on loans and leases	$	891		$	893	$	891	$	898	$	911
Interest on securities		124			129		135		141		145
Interest on other short-term investments		1			1		1		1		1
Total interest income		1,016			1,023		1,027		1,040		1,057
Taxable equivalent adjustment		4			4		4		5		4
Total interest income (taxable equivalent)		1,020			1,027		1,031		1,045		1,061
Interest Expense
Interest on deposits		51			52		55		58		65
Interest on short-term borrowings		3			3		2		1		1
Interest on long-term debt		63			65		75		83		75
Total interest expense		117			120		132		142		141
Net interest income (taxable equivalent)		903			907		899		903		920
Provision for loan and lease losses		76			65		71		91		55
Net interest income (taxable equivalent) after provision for loan and lease losses		827			842		828		812		865
Noninterest Income
Service charges on deposits		134			128		130		129		136
Corporate banking revenue		114			101		102		97		82
Mortgage banking net revenue		258			200		183		204		156
Investment advisory revenue		93			92		93		96		90
Card and processing revenue		66			65		64		59		60
Other noninterest income		215			78		103		175		24
Securities gains, net		2			2		3		9		5
Securities gains (loss), net—non-qualifying hedge son mortgage servicing rights		(2	)		5		—		—		(3	)
Total noninterest income		880			671		678		769		550
Noninterest Expense
Salaries, wages and incentives		416			399		393		399		393
Employee benefits		96			79		84		112		84
Net occupancy expense		76			76		74		77		79
Technology and communications		52			49		48		47		48
Equipment expense		27			28		27		27		27
Card and processing expense		31			30		30		30		28
Other noninterest expense		465			345		281		281		334
Total noninterest expense		1,163			1,006		937		973		993
Income before income taxes (taxable equivalent)		544			507		569		608		422
Taxable equivalent adjustment		4			4		4		5		4
Income before income taxes		540			503		565		603		418
Applicable income taxes		144			139		180		173		104
Net Income		396			364		385		430		314
Less: Net Income attributable to noncontrolling interest		(3	)		1		—		—		—
Net income attributable to Bancorp		399			363		385		430		314
Dividends on preferred stock		9			9		9		9		9
Net income available to common shareholders	$	390		$	354	$	376	$	421	$	305

23

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	December 2012			September 2012			December 2011			Seq			Yr/Yr
Assets
Cash and due from banks	$	2,441		$	2,490		$	2,663			(2	%)		(8	%)
Available-for-sale and other securities (a)		15,207			15,402			15,362			(1	%)		(1	%)
Held-to-maturity securities (b)		284			287			322			(1	%)		(12	%)
Trading securities		207			205			177			1	%		17	%
Other short-term investments		2,421			1,286			1,781			88	%		36	%
Loans held for sale		2,939			1,802			2,954			63	%		(1	%)
Portfolio loans and leases:
Commercial and industrial loans		36,038			33,344			30,783			8	%		17	%
Commercial mortgage loans		9,103			9,348			10,138			(3	%)		(10	%)
Commercial construction loans		698			672			1,020			4	%		(32	%)
Commercial leases		3,549			3,549			3,531			—			—
Residential mortgage loans		12,017			11,708			10,672			3	%		13	%
Home equity		10,018			10,238			10,719			(2	%)		(7	%)
Automobile loans		11,972			11,912			11,827			1	%		1	%
Credit card		2,097			1,994			1,978			5	%		6	%
Other consumer loans and leases		290			294			350			(1	%)		(17	%)
Portfolio loans and leases		85,782			83,059			81,018			3	%		6	%
Allowance for loan and lease losses		(1,854	)		(1,925	)		(2,255	)		(4	%)		(18	%)
Portfolio loans and leases, net		83,928			81,134			78,763			3	%		7	%
Bank premises and equipment		2,542			2,520			2,447			1	%		4	%
Operating lease equipment		581			542			497			7	%		17	%
Goodwill		2,416			2,417			2,417			—			—
Intangible assets		27			30			40			(10	%)		(33	%)
Servicing rights		697			679			681			3	%		2	%
Other assets		8,205			8,689			8,863			(6	%)		(7	%)
Total assets	$	121,895		$	117,483		$	116,967			4	%		4	%
Liabilities
Deposits:
Demand	$	30,023		$	27,606		$	27,600			9	%		9	%
Interest checking		24,477			22,891			20,392			7	%		20	%
Savings		19,879			20,624			21,756			(4	%)		(9	%)
Money market		6,875			5,285			4,989			30	%		38	%
Foreign office		885			1,059			3,250			(16	%)		(73	%)
Other time		4,015			4,167			4,638			(4	%)		(13	%)
Certificates—$100,000 and over		3,284			2,978			3,039			10	%		8	%
Other		79			78			46			1	%		73	%
Total deposits		89,517			84,688			85,710			6	%		4	%
Federal funds purchased		901			686			346			31	%		NM
Other short-term borrowings		6,280			5,503			3,239			14	%		94	%
Accrued taxes, interest and expenses		1,717			1,588			1,469			8	%		17	%
Other liabilities		2,631			3,122			3,270			(16	%)		(20	%)
Long-term debt		7,085			8,127			9,682			(13	%)		(27	%)
Total liabilities		108,131			103,714			103,716			4	%		4	%
Equity
Common stock		2,051			2,051			2,051			—			—
Preferred stock		398			398			398			—			—
Capital surplus		2,758			2,733			2,792			1	%		(1	%)
Retained earnings		8,768			8,466			7,554			4	%		16	%
Accumulated other comprehensive income		375			468			470			(20	%)		(20	%)
Treasury stock		(634	)		(398	)		(64	)		59	%		NM
Total Bancorp shareholders’ equity		13,716			13,718			13,201			—			4	%
Noncontrolling interest		48			51			50			(6	%)		(4	%)
Total Equity		13,764			13,769			13,251			—			4	%
Total liabilities and equity	$	121,895		$	117,483		$	116,967			4	%		4	%
(a) Amortized cost	$	14,571		$	14,641		$	14,614			—			—
(b) Market values		284			287			322			(1	%)		(12	%)
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			2,000,000			—			—
Outstanding, excluding treasury		882,152			897,467			919,804			(2	%)		(4	%)
Treasury		41,741			26,425			4,088			58	%		NM

24

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	December 2012			September 2012			June 2012			March 2012			December 2011
Assets
Cash and due from banks	$	2,441		$	2,490		$	2,393		$	2,235		$	2,663
Available-for-sale and other securities (a)		15,207			15,402			15,552			16,093			15,362
Held-to-maturity securities (b)		284			287			305			321			322
Trading securities		207			205			200			195			177
Other short-term investments		2,421			1,286			1,964			1,628			1,781
Loans held for sale		2,939			1,802			1,863			1,584			2,954
Portfolio loans and leases:
Commercial and industrial loans		36,038			33,344			32,612			32,155			30,783
Commercial mortgage loans		9,103			9,348			9,662			9,909			10,138
Commercial construction loans		698			672			822			901			1,020
Commercial leases		3,549			3,549			3,467			3,512			3,531
Residential mortgage loans		12,017			11,708			11,429			11,094			10,672
Home equity		10,018			10,238			10,377			10,493			10,719
Automobile loans		11,972			11,912			11,739			11,832			11,827
Credit card		2,097			1,994			1,943			1,896			1,978
Other consumer loans and leases		290			294			308			321			350
Portfolio loans and leases		85,782			83,059			82,359			82,113			81,018
Allowance for loan and lease losses		(1,854	)		(1,925	)		(2,016	)		(2,126	)		(2,255	)
Portfolio loans and leases, net		83,928			81,134			80,343			79,987			78,763
Bank premises and equipment		2,542			2,520			2,506			2,485			2,447
Operating lease equipment		581			542			511			495			497
Goodwill		2,416			2,417			2,417			2,417			2,417
Intangible assets		27			30			33			36			40
Servicing rights		697			679			736			767			681
Other assets		8,205			8,689			8,720			8,504			8,863
Total assets	$	121,895		$	117,483		$	117,543		$	116,747		$	116,967
Liabilities
Deposits:
Demand	$	30,023		$	27,606		$	26,251		$	26,385		$	27,600
Interest checking		24,477			22,891			23,197			23,971			20,392
Savings		19,879			20,624			22,011			22,245			21,756
Money market		6,875			5,285			4,223			4,275			4,989
Foreign office		885			1,059			1,265			1,251			3,250
Other time		4,015			4,167			4,261			4,446			4,638
Certificates—$100,000 and over		3,284			2,978			3,065			3,162			3,039
Other		79			78			—			56			46
Total deposits		89,517			84,688			84,273			85,791			85,710
Federal funds purchased		901			686			641			319			346
Other short-term borrowings		6,280			5,503			4,613			2,877			3,239
Accrued taxes, interest and expenses		1,717			1,588			1,491			1,436			1,469
Other liabilities		2,631			3,122			3,016			3,066			3,270
Long-term debt		7,085			8,127			9,685			9,648			9,682
Total liabilities		108,131			103,714			103,719			103,137			103,716
Equity
Common stock		2,051			2,051			2,051			2,051			2,051
Preferred stock		398			398			398			398			398
Capital surplus		2,758			2,733			2,752			2,803			2,792
Retained earnings		8,768			8,466			8,201			7,902			7,554
Accumulated other comprehensive income		375			468			454			468			470
Treasury stock		(634	)		(398	)		(83	)		(62	)		(64	)
Total Bancorp shareholders’ equity		13,716			13,718			13,773			13,560			13,201
Noncontrolling interest		48			51			51			50			50
Total Equity		13,764			13,769			13,824			13,610			13,251
Total liabilities and equity	$	121,895		$	117,483		$	117,543		$	116,747		$	116,967
(a) Amortized cost	$	14,571		$	14,641		$	14,818		$	15,341		$	14,614
(b) Market values		284			287			305			321			322
(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		882,152			897,467			918,913			920,056			919,804
Treasury		41,741			26,425			4,979			3,836			4,088

25

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Equity

$ in millions

(unaudited)

	For the Three Months Ended						Year to Date
	December 2012			December 2011			December 2012			December 2011
Total equity, beginning	$	13,769		$	13,058		$	13,251		$	14,080
Net income attributable to Bancorp		399			314			1,576			1,297
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		(82	)		(34	)		(73	)		164
Qualifying cash flow hedges		(12	)		(11	)		(30	)		13
Change in accumulated other comprehensive income related to employee benefit plans		1			(26	)		8			(21	)
Comprehensive income		306			243			1,481			1,454
Cash dividends declared:
Common stock		(88	)		(74	)		(325	)		(257	)
Preferred stock		(9	)		(9	)		(35	)		(50	)
Issuance of common stock		—			—			—			1,648
TARP repayment		—			—			—			(3,408	)
Stock-based awards exercised, including treasury shares issued		(1	)		—			(20	)		1
Other		—			—			1			1
Redemption of preferred stock warrants issued under TARP CPP		—			—			—			(280	)
Stock-based compensation expense		15			12			63			42
Shares acquired for treasury		(225	)		—			(650	)		—
Noncontrolling interest		(3	)		21			(2	)		21
Total equity, ending	$	13,764		$	13,251		$	13,764		$	13,251

26

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	December 2012			September 2012			December 2011			Seq			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	34,311		$	33,124		$	29,954			4	%		15	%
Commercial mortgage loans		9,209			9,592			10,350			(4	%)		(11	%)
Commercial construction loans		697			751			1,155			(7	%)		(40	%)
Commercial leases		3,509			3,483			3,352			1	%		5	%
Residential mortgage loans		14,028			13,458			12,638			4	%		11	%
Home equity		10,129			10,312			10,810			(2	%)		(6	%)
Automobile loans		11,944			11,812			11,696			1	%		2	%
Credit card		2,029			1,971			1,906			3	%		6	%
Other consumer loans and leases		324			326			417			(1	%)		(22	%)
Taxable securities		15,187			15,005			15,270			1	%		(1	%)
Tax exempt securities		57			48			58			18	%		(2	%)
Other short-term investments		1,521			1,535			1,915			(1	%)		(21	%)
Total interest-earning assets		102,945			101,417			99,521			2	%		3	%
Cash and due from banks		2,442			2,368			2,418			3	%		1	%
Other assets		15,468			15,749			15,758			(2	%)		(2	%)
Allowance for loan and lease losses		(1,912	)		(2,013	)		(2,429	)		(5	%)		(21	%)
Total assets	$	118,943		$	117,521		$	115,268			1	%		3	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	23,556		$	22,967		$	19,263			3	%		22	%
Savings		20,216			21,283			21,715			(5	%)		(7	%)
Money market		6,026			4,776			5,255			26	%		15	%
Foreign office		1,174			1,345			3,325			(13	%)		(65	%)
Other time		4,094			4,224			4,960			(3	%)		(17	%)
Certificates—$100,000 and over		3,084			3,016			3,085			2	%		—
Other		32			32			16			(2	%)		94	%
Federal funds purchased		794			664			348			20	%		NM
Other short-term borrowings		4,553			4,856			3,793			(6	%)		20	%
Long-term debt		7,891			8,863			9,707			(11	%)		(19	%)
Total interest-bearing liabilities		71,420			72,026			71,467			(1	%)		—
Demand deposits		29,223			27,127			26,069			8	%		12	%
Other liabilities		4,394			4,430			4,536			(1	%)		(2	%)
Total liabilities		105,037			103,583			102,072			1	%		3	%
Equity		13,906			13,938			13,196			—			5	%
Total liabilities and equity	$	118,943		$	117,521		$	115,268			1	%		3	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.01	%		4.08	%		4.28	%
Commercial mortgage loans		3.69	%		3.76	%		3.89	%
Commercial construction loans		3.01	%		2.83	%		3.04	%
Commercial leases		3.42	%		3.62	%		3.87	%
Residential mortgage loans		3.94	%		4.03	%		4.16	%
Home equity		3.72	%		3.78	%		3.87	%
Automobile loans		3.46	%		3.61	%		4.27	%
Credit card		9.96	%		9.82	%		9.66	%
Other consumer loans and leases		50.06	%		49.00	%		36.95	%
Total loans and leases		4.13	%		4.21	%		4.41	%
Taxable securities		3.23	%		3.41	%		3.75	%
Tax exempt securities		2.91	%		3.29	%		5.42	%
Other short-term investments		0.28	%		0.25	%		0.24	%
Total interest-earning assets		3.94	%		4.03	%		4.23	%
Interest-bearing liabilities:
Interest checking		0.22	%		0.21	%		0.24	%
Savings		0.14	%		0.15	%		0.23	%
Money market		0.23	%		0.22	%		0.22	%
Foreign office		0.27	%		0.29	%		0.25	%
Other time		1.54	%		1.59	%		1.77	%
Certificates—$100,000 and over		1.39	%		1.49	%		1.73	%
Other		0.14	%		0.13	%		0.03	%
Federal funds purchased		0.16	%		0.13	%		0.10	%
Other short-term borrowings		0.21	%		0.19	%		0.10	%
Long-term debt		3.19	%		2.97	%		3.09	%
Total interest-bearing liabilities		0.65	%		0.67	%		0.79	%
Ratios:
Net interest margin (taxable equivalent)		3.49	%		3.56	%		3.67	%
Net interest rate spread (taxable equivalent)		3.29	%		3.36	%		3.44	%
Interest-bearing liabilities to interest-earning assets		69.38	%		71.02	%		71.81	%

27

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	Year to Date						% Change
	December 2012			December 2011			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	32,911		$	28,546			15	%
Commercial mortgage loans		9,686			10,447			(7	%)
Commercial construction loans		835			1,740			(52	%)
Commercial leases		3,502			3,341			5	%
Residential mortgage loans		13,370			11,318			18	%
Home equity		10,369			11,077			(6	%)
Automobile loans		11,849			11,352			4	%
Credit card		1,960			1,864			5	%
Other consumer loans and leases		340			529			(36	%)
Taxable securities		15,262			15,334			—
Tax exempt securities		57			103			(45	%)
Other short-term investments		1,495			2,031			(26	%)
Total interest-earning assets		101,636			97,682			4	%
Cash and due from banks		2,355			2,352			—
Other assets		15,695			15,335			2	%
Allowance for loan and lease losses		(2,072	)		(2,703	)		(23	%)
Total assets	$	117,614		$	112,666			4	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	23,096		$	18,707			23	%
Savings		21,393			21,652			(1	%)
Money market		4,903			5,154			(5	%)
Foreign office		1,528			3,490			(56	%)
Other time		4,306			6,260			(31	%)
Certificates—$100,000 and over		3,102			3,656			(15	%)
Other		27			7			NM
Federal funds purchased		560			345			62	%
Other short-term borrowings		4,246			2,777			53	%
Long-term debt		9,043			10,154			(11	%)
Total interest-bearing liabilities		72,204			72,202			—
Demand deposits		27,196			23,389			16	%
Other liabilities		4,462			4,189			7	%
Total liabilities		103,862			99,780			4	%
Equity		13,752			12,886			6	%
Total liabilities and equity	$	117,614		$	112,666			4	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.10	%		4.34	%
Commercial mortgage loans		3.81	%		3.99	%
Commercial construction loans		2.99	%		3.06	%
Commercial leases		3.62	%		3.99	%
Residential mortgage loans		4.06	%		4.45	%
Home equity		3.79	%		3.91	%
Automobile loans		3.70	%		4.67	%
Credit card		9.79	%		9.86	%
Other consumer loans and leases		45.32	%		25.77	%
Total loans and leases		4.23	%		4.52	%
Taxable securities		3.45	%		3.89	%
Tax exempt securities		3.29	%		5.41	%
Other short-term investments		0.26	%		0.25	%
Total interest-earning assets		4.06	%		4.34	%
Interest-bearing liabilities:
Interest checking		0.22	%		0.26	%
Savings		0.17	%		0.31	%
Money market		0.22	%		0.27	%
Foreign office		0.27	%		0.28	%
Other time		1.59	%		2.23	%
Certificates—$100,000 and over		1.48	%		1.97	%
Other		0.13	%		0.03	%
Federal funds purchased		0.14	%		0.11	%
Other short-term borrowings		0.18	%		0.12	%
Long-term debt		3.17	%		3.01	%
Total interest-bearing liabilities		0.71	%		0.92	%
Ratios:
Net interest margin (taxable equivalent)		3.55	%		3.66	%
Net interest rate spread (taxable equivalent)		3.35	%		3.42	%
Interest-bearing liabilities to interest-earning assets		71.04	%		73.92	%

28

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	December 2012			September 2012			June 2012			March 2012			December 2011
Assets
Interest-earning assets:
Commercial and industrial loans	$	34,311		$	33,124		$	32,770		$	31,421		$	29,954
Commercial mortgage loans		9,209			9,592			9,873			10,077			10,350
Commercial construction loans		697			751			886			1,008			1,155
Commercial leases		3,509			3,483			3,471			3,543			3,352
Residential mortgage loans		14,028			13,458			13,059			12,928			12,638
Home equity		10,129			10,312			10,430			10,606			10,810
Automobile loans		11,944			11,812			11,755			11,882			11,696
Credit card		2,029			1,971			1,915			1,926			1,906
Other consumer loans and leases		324			326			349			366			417
Taxable securities		15,187			15,005			15,548			15,313			15,270
Tax exempt securities		57			48			62			59			58
Other short-term investments		1,521			1,535			1,558			1,363			1,915
Total interest-earning assets		102,945			101,417			101,676			100,492			99,521
Cash and due from banks		2,442			2,368			2,264			2,345			2,418
Other assets		15,468			15,749			15,835			15,734			15,758
Allowance for loan and lease losses		(1,912	)		(2,013	)		(2,121	)		(2,246	)		(2,429	)
Total assets	$	118,943		$	117,521		$	117,654		$	116,325		$	115,268
Liabilities
Interest-bearing liabilities:
Interest checking	$	23,556		$	22,967		$	23,548		$	22,308		$	19,263
Savings		20,216			21,283			22,143			21,944			21,715
Money market		6,026			4,776			4,258			4,543			5,255
Foreign office		1,174			1,345			1,321			2,277			3,325
Other time		4,094			4,224			4,359			4,551			4,960
Certificates—$100,000 and over		3,084			3,016			3,130			3,178			3,085
Other		32			32			23			19			16
Federal funds purchased		794			664			408			370			348
Other short-term borrowings		4,553			4,856			4,303			3,261			3,793
Long-term debt		7,891			8,863			9,669			9,768			9,707
Total interest-bearing liabilities		71,420			72,026			73,162			72,219			71,467
Demand deposits		29,223			27,127			26,351			26,063			26,069
Other liabilities		4,394			4,430			4,462			4,627			4,536
Total liabilities		105,037			103,583			103,975			102,909			102,072
Equity		13,906			13,938			13,679			13,416			13,196
Total liabilities and equity	$	118,943		$	117,521		$	117,654		$	116,325		$	115,268
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		4.01	%		4.08	%		4.13	%		4.20	%		4.28	%
Commercial mortgage loans		3.69	%		3.76	%		3.81	%		3.95	%		3.89	%
Commercial construction loans		3.01	%		2.83	%		3.05	%		3.04	%		3.04	%
Commercial leases		3.42	%		3.62	%		3.68	%		3.79	%		3.87	%
Residential mortgage loans		3.94	%		4.03	%		4.12	%		4.17	%		4.16	%
Home equity		3.72	%		3.78	%		3.80	%		3.85	%		3.87	%
Automobile loans		3.46	%		3.61	%		3.76	%		3.99	%		4.27	%
Credit card		9.96	%		9.82	%		9.92	%		9.43	%		9.66	%
Other consumer loans and leases		50.06	%		49.00	%		42.87	%		40.13	%		36.95	%
Total loans and leases		4.13	%		4.21	%		4.26	%		4.34	%		4.41	%
Taxable securities		3.23	%		3.41	%		3.48	%		3.68	%		3.75	%
Tax exempt securities		2.91	%		3.29	%		5.02	%		5.60	%		5.42	%
Other short-term investments		0.28	%		0.25	%		0.24	%		0.26	%		0.24	%
Total interest-earning assets		3.94	%		4.03	%		4.08	%		4.18	%		4.23	%
Interest-bearing liabilities:
Interest checking		0.22	%		0.21	%		0.22	%		0.22	%		0.24	%
Savings		0.14	%		0.15	%		0.19	%		0.21	%		0.23	%
Money market		0.23	%		0.22	%		0.22	%		0.22	%		0.22	%
Foreign office		0.27	%		0.29	%		0.27	%		0.26	%		0.25	%
Other time		1.54	%		1.59	%		1.60	%		1.62	%		1.77	%
Certificates—$100,000 and over		1.39	%		1.49	%		1.50	%		1.55	%		1.73	%
Other		0.14	%		0.13	%		0.13	%		0.08	%		0.03	%
Federal funds purchased		0.16	%		0.13	%		0.15	%		0.10	%		0.10	%
Other short-term borrowings		0.21	%		0.19	%		0.17	%		0.12	%		0.10	%
Long-term debt		3.19	%		2.97	%		3.11	%		3.41	%		3.09	%
Total interest-bearing liabilities		0.65	%		0.67	%		0.73	%		0.79	%		0.79	%
Ratios:
Net interest margin (taxable equivalent)		3.49	%		3.56	%		3.56	%		3.61	%		3.67	%
Net interest rate spread (taxable equivalent)		3.29	%		3.36	%		3.35	%		3.39	%		3.44	%
Interest-bearing liabilities to interest-earning assets		69.38	%		71.02	%		71.96	%		71.87	%		71.81	%

29

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	December 2012		September 2012		June 2012		March 2012		December 2011
Average Loans and Leases
Commercial:
Commercial and industrial loans	$	34,301	$	33,111	$	32,734	$	31,371	$	29,891
Commercial mortgage loans		9,193		9,567		9,810		10,007		10,262
Commercial construction loans		686		742		873		992		1,132
Commercial leases		3,509		3,481		3,469		3,543		3,351
Subtotal—commercial		47,689		46,901		46,886		45,913		44,636
Consumer:
Residential mortgage loans		11,846		11,578		11,274		10,828		10,464
Home equity		10,129		10,312		10,430		10,606		10,810
Automobile loans		11,944		11,812		11,755		11,882		11,696
Credit card		2,029		1,971		1,915		1,926		1,906
Other consumer loans and leases		306		314		326		345		402
Subtotal—consumer		36,254		35,987		35,700		35,587		35,278
Total average loans and leases (excluding held for sale)	$	83,943	$	82,888	$	82,586	$	81,500	$	79,914
Average loans held for sale		2,237		1,941		1,920		2,257		2,364
End of Period Loans and Leases
Commercial:
Commercial and industrial loans	$	36,038	$	33,344	$	32,612	$	32,155	$	30,783
Commercial mortgage loans		9,103		9,348		9,662		9,909		10,138
Commercial construction loans		698		672		822		901		1,020
Commercial leases		3,549		3,549		3,467		3,512		3,531
Subtotal—commercial		49,388		46,913		46,563		46,477		45,472
Consumer:
Residential mortgage loans		12,017		11,708		11,429		11,094		10,672
Home equity		10,018		10,238		10,377		10,493		10,719
Automobile loans		11,972		11,912		11,739		11,832		11,827
Credit card		2,097		1,994		1,943		1,896		1,978
Other consumer loans and leases		290		294		308		321		350
Subtotal—consumer		36,394		36,146		35,796		35,636		35,546
Total portfolio loans and leases	$	85,782	$	83,059	$	82,359	$	82,113	$	81,018
Core business activity		2,910		1,758		1,803		1,467		2,816
Portfolio management activity		29		44		60		117		138
Total loans held for sale		2,939		1,802		1,863		1,584		2,954
Operating lease equipment		581		542		511		495		497
Loans and Leases Serviced for Others (a):
Commercial and industrial loans		721		783		682		585		606
Commercial mortgage loans		325		324		319		319		286
Commercial construction loans		29		39		41		41		64
Commercial leases		179		180		184		171		166
Residential mortgage loans		62,465		62,428		61,631		60,384		57,126
Home equity		—		—		—		—		—
Automobile loans		—		—		—		—		—
Credit card		—		—		—		—		—
Other consumer loans and leases		—		—		—		—		—
Total loans and leases serviced for others		63,719		63,754		62,857		61,500		58,248
Total loans and leases serviced	$	153,021	$	149,157	$	147,590	$	145,692	$	142,717

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

30

Fifth Third Bancorp and Subsidiaries

Regulatory Capital (a)

$ in millions

(unaudited)

	As of
	December 2012			September 2012			June 2012			March 2012			December 2011
Tier I capital:
Bancorp shareholders’ equity	$	13,716		$	13,718		$	13,773		$	13,560		$	13,201
Goodwill and certain other intangibles		(2,499	)		(2,504	)		(2,512	)		(2,518	)		(2,514	)
Unrealized (gains) losses		(375	)		(468	)		(454	)		(468	)		(470	)
Qualifying trust preferred securities		810			810			2,248			2,248			2,248
Other		33			38			38			38			38
Total tier I capital	$	11,685		$	11,594		$	13,093		$	12,860		$	12,503
Total risk-based capital:
Tier I capital	$	11,685		$	11,594		$	13,093		$	12,860		$	12,503
Qualifying allowance for credit losses		1,381			1,347			1,342			1,331			1,328
Qualifying subordinated notes		2,750			2,836			2,846			2,745			3,054
Total risk-based capital	$	15,816		$	15,777		$	17,281		$	16,936		$	16,885
Risk-weighted assets (b)	$	109,705		$	106,858		$	106,398		$	105,412		$	104,945
Ratios:
Average shareholders’ equity to average assets		11.65	%		11.82	%		11.58	%		11.49	%		11.41	%
Regulatory capital:
Fifth Third Bancorp
Tier I capital		10.65	%		10.85	%		12.31	%		12.20	%		11.91	%
Total risk-based capital		14.42	%		14.76	%		16.24	%		16.07	%		16.09	%
Tier I leverage		10.05	%		10.09	%		11.39	%		11.31	%		11.10	%
Tier I common equity		9.51	%		9.67	%		9.77	%		9.64	%		9.35	%
Fifth Third Bank
Tier I capital		11.27	%		12.29	%		12.72	%		12.40	%		12.02	%
Total risk-based capital		12.74	%		13.76	%		14.19	%		13.88	%		13.61	%
Tier I leverage		10.65	%		11.44	%		11.75	%		11.51	%		11.20	%
Tier I common equity		11.28	%		12.29	%		12.72	%		12.40	%		12.02	%

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

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

31

Fifth Third Bancorp and Subsidiaries

Summary of Credit Loss Experience

$ in millions

(unaudited)

	For the Three Months Ended
	December 2012			September 2012			June 2012			March 2012			December 2011
Average loans and leases (excluding held for sale):
Commercial and industrial loans	$	34,301		$	33,111		$	32,734		$	31,371		$	29,891
Commercial mortgage loans		9,193			9,567			9,810			10,007			10,262
Commercial construction loans		686			742			873			992			1,132
Commercial leases		3,509			3,481			3,469			3,543			3,351
Residential mortgage loans		11,846			11,578			11,274			10,828			10,464
Home equity		10,129			10,312			10,430			10,606			10,810
Automobile loans		11,944			11,812			11,755			11,882			11,696
Credit card		2,029			1,971			1,915			1,926			1,906
Other consumer loans and leases		306			314			326			345			402
Total average loans and leases (excluding held for sale)	$	83,943		$	82,888		$	82,586		$	81,500		$	79,914
Losses charged off:
Commercial and industrial loans	$	(43	)	$	(39	)	$	(53	)	$	(60	)	$	(76	)
Commercial mortgage loans		(23	)		(32	)		(28	)		(37	)		(53	)
Commercial construction loans		(4	)		(4	)		(6	)		(20	)		(6	)
Commercial leases		—			(1	)		(8	)		—			(1	)
Residential mortgage loans		(25	)		(28	)		(38	)		(38	)		(38	)
Home equity		(38	)		(41	)		(43	)		(50	)		(54	)
Automobile loans		(14	)		(13	)		(13	)		(16	)		(20	)
Credit card		(22	)		(21	)		(24	)		(24	)		(25	)
Other consumer loans and leases		(8	)		(9	)		(6	)		(8	)		(7	)
Total losses		(177	)		(188	)		(219	)		(253	)		(280	)
Recoveries of losses previously charged off:
Commercial and industrial loans		7			10			7			6			14
Commercial mortgage loans		6			4			3			7			6
Commercial construction loans		—			—			6			2			2
Commercial leases		1			—			1			—			1
Residential mortgage loans		2			2			2			1			2
Home equity		4			4			4			4			4
Automobile loans		5			6			6			7			7
Credit card		3			3			6			4			4
Other consumer loans and leases		2			3			3			2			1
Total recoveries		30			32			38			33			41
Net losses charged off:
Commercial and industrial loans		(36	)		(29	)		(46	)		(54	)		(62	)
Commercial mortgage loans		(17	)		(28	)		(25	)		(30	)		(47	)
Commercial construction loans		(4	)		(4	)		—			(18	)		(4	)
Commercial leases		1			(1	)		(7	)		—			—
Residential mortgage loans		(23	)		(26	)		(36	)		(37	)		(36	)
Home equity		(34	)		(37	)		(39	)		(46	)		(50	)
Automobile loans		(9	)		(7	)		(7	)		(9	)		(13	)
Credit card		(19	)		(18	)		(18	)		(20	)		(21	)
Other consumer loans and leases		(6	)		(6	)		(3	)		(6	)		(6	)
Total net losses charged off	$	(147	)	$	(156	)	$	(181	)	$	(220	)	$	(239	)
Net charge-off Ratios:
Commercial and industrial loans		0.42	%		0.36	%		0.57	%		0.69	%		0.82	%
Commercial mortgage loans		0.70	%		1.15	%		1.04	%		1.18	%		1.82	%
Commercial construction loans		1.91	%		2.29	%		(0.12	%)		7.30	%		1.37	%
Commercial leases		(0.08	%)		0.11	%		0.87	%		0.01	%		(0.01	%)
Residential mortgage loans		0.77	%		0.90	%		1.28	%		1.39	%		1.38	%
Home equity		1.36	%		1.43	%		1.50	%		1.76	%		1.83	%
Automobile loans		0.27	%		0.22	%		0.21	%		0.33	%		0.44	%
Credit card		3.71	%		3.49	%		3.78	%		4.18	%		4.29	%
Other consumer loans and leases		9.83	%		9.11	%		3.95	%		5.51	%		6.75	%
Total net charge-off ratio		0.70	%		0.75	%		0.88	%		1.08	%		1.19	%

32

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	December 2012			September 2012			June 2012			March 2012			December 2011
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	1,925		$	2,016		$	2,126		$	2,255		$	2,439
Total net losses charged off		(147	)		(156	)		(181	)		(220	)		(239	)
Provision for loan and lease losses		76			65			71			91			55
Allowance for loan and lease losses, ending	$	1,854		$	1,925		$	2,016		$	2,126		$	2,255
Reserve for unfunded commitments, beginning	$	176		$	178		$	179		$	181		$	187
Provision for unfunded commitments		3			(2	)		(1	)		(2	)		(6	)
Reserve for unfunded commitments, ending	$	179		$	176		$	178		$	179		$	181
Components of allowance for credit losses:
Allowance for loan and lease losses	$	1,854		$	1,925		$	2,016		$	2,126		$	2,255
Reserve for unfunded commitments		179			176			178			179			181
Total allowance for credit losses	$	2,033		$	2,101		$	2,194		$	2,305		$	2,436
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	234		$	309		$	377		$	358		$	408
Commercial mortgage loans		215			263			357			347			358
Commercial construction loans		70			76			99			118			123
Commercial leases		1			5			3			8			9
Residential mortgage loans		114			126			135			135			134
Home equity		30			29			30			26			25
Automobile loans		—			—			1			1			—
Other consumer loans and leases		1			—			—			1			1
Total nonaccrual portfolio loans and leases		665			808			1,002			994			1,058
Restructured loans and leases—commercial (non accrual)		177			153			147			157			160
Restructured loans and leases—consumer (non accrual)		187			192			193			201			220
Total nonperforming portfolio loans and leases		1,029			1,153			1,342			1,352			1,438
Repossessed property		8			10			9			8			14
Other real estate owned		249			283			268			313			364
Total nonperforming assets (a)		1,286			1,446			1,619			1,673			1,816
Nonaccrual loans held for sale		25			38			55			110			131
Restructured loans—commercial (non accrual) held for sale		4			5			5			7			7
Total nonperforming assets including loans held for sale	$	1,315		$	1,489		$	1,679		$	1,790		$	1,954
Restructured portfolio consumer loans and leases (accrual)	$	1,655		$	1,641		$	1,634		$	1,624		$	1,612
Restructured portfolio commercial loans and leases (accrual)	$	431		$	442		$	455		$	481		$	390
Ninety days past due loans and leases:
Commercial and industrial loans	$	1		$	1		$	2		$	2		$	4
Commercial mortgage loans		22			22			22			30			3
Commercial construction loans		1			—			—			—			1
Commercial leases		—			—			—			—			—
Total commercial loans and leases		24			23			24			32			8
Residential mortgage loans		75			76			80			73			79
Home equity		58			65			67			74			74
Automobile loans		8			9			8			8			9
Credit card		30			28			24			29			30
Other consumer loans and leases		—			—			—			—			—
Total consumer loans and leases		171			178			179			184			192
Total ninety days past due loans and leases	$	195		$	201		$	203		$	216		$	200
Ratios
Net losses charged off as a percent of average loans and leases		0.70	%		0.75	%		0.88	%		1.08	%		1.19	%
Allowance for loan and lease losses:
As a percent of loans and leases		2.16	%		2.32	%		2.45	%		2.59	%		2.78	%
As a percent of nonperforming loans and leases (a)		180	%		167	%		150	%		157	%		157	%
As a percent of nonperforming assets (a)		144	%		133	%		125	%		127	%		124	%
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned (a)		1.19	%		1.38	%		1.62	%		1.64	%		1.76	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (a)		1.49	%		1.73	%		1.96	%		2.03	%		2.23	%
Nonperforming assets as a percent of total loans, leases and other assets, including other real estate owned		1.48	%		1.75	%		1.99	%		2.13	%		2.32	%

(a) Does not include nonaccrual loans held for sale

33

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

	For the Three Months Ended
	December 2012			September 2012			June 2012			March 2012			December 2011
Income before income taxes (U.S. GAAP)		540			503			565			603			418
Add: Provision expense (U.S. GAAP)		76			65			71			91			55
Pre-provision net revenue		616			568			636			694			473
Net income available to common shareholders (U.S. GAAP)		390			354			376			421			305
Add: Intangible amortization, net of tax		2			2			2			3			3
Tangible net income available to common shareholders		392			356			378			424			308
Tangible net income available to common shareholders (annualized) (a)		1,559			1,416			1,520			1,705			1,222
Average Bancorp shareholders’ equity (U.S. GAAP)		13,855			13,887			13,628			13,366			13,147
Less: Average preferred stock		398			398			398			398			398
Average goodwill		2,417			2,417			2,417			2,417			2,417
Average intangible assets		28			31			34			38			42
Average tangible common equity (b)		11,012			11,041			10,779			10,513			10,290
Total Bancorp shareholders’ equity (U.S. GAAP)		13,716			13,718			13,773			13,560			13,201
Less: Preferred stock		(398	)		(398	)		(398	)		(398	)		(398	)
Goodwill		(2,416	)		(2,417	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(27	)		(30	)		(33	)		(36	)		(40	)
Tangible common equity, including unrealized gains / losses (c)		10,875			10,873			10,925			10,709			10,346
Less: Accumulated other comprehensive income / loss		(375	)		(468	)		(454	)		(468	)		(470	)
Tangible common equity, excluding unrealized gains / losses (d)		10,500			10,405			10,471			10,241			9,876
Add: Preferred stock		398			398			398			398			398
Tangible equity (e)		10,898			10,803			10,869			10,639			10,274
Total assets (U.S. GAAP)		121,895			117,483			117,543			116,747			116,967
Less: Goodwill		(2,416	)		(2,417	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(27	)		(30	)		(33	)		(36	)		(40	)
Tangible assets, including unrealized gains / losses (f)		119,452			115,036			115,093			114,294			114,510
Less: Accumulated other comprehensive income / loss, before tax		(577	)		(720	)		(698	)		(720	)		(723	)
Tangible assets, excluding unrealized gains / losses (g)		118,875			114,316			114,395			113,574			113,787
Total Bancorp shareholders’ equity (U.S. GAAP)		13,716			13,718			13,773			13,560			13,201
Goodwill and certain other intangibles		(2,499	)		(2,504	)		(2,512	)		(2,518	)		(2,514	)
Unrealized gains		(375	)		(468	)		(454	)		(468	)		(470	)
Qualifying trust preferred securities		810			810			2,248			2,248			2,248
Other		33			38			38			38			38
Tier I capital		11,685			11,594			13,093			12,860			12,503
Less: Preferred stock		(398	)		(398	)		(398	)		(398	)		(398	)
Qualifying trust preferred securities		(810	)		(810	)		(2,248	)		(2,248	)		(2,248	)
Qualifying noncontrolling interest in consolidated subsidiaries		(48	)		(51	)		(51	)		(50	)		(50	)
Tier I common equity (h)		10,429			10,335			10,396			10,164			9,807
Common shares outstanding (i)		882			897			919			920			920
Risk-weighted assets, determined in accordance with prescribed regulatory requirements (j)		109,705			106,858			106,398			105,412			104,945
Ratios:
Return on average tangible common equity (a) / (b)		14.16	%		12.83	%		14.10	%		16.22	%		11.88	%
Tangible equity (e) / (g)		9.17	%		9.45	%		9.50	%		9.37	%		9.03	%
Tangible common equity (excluding unrealized gains/losses) (d) / (g)		8.83	%		9.10	%		9.15	%		9.02	%		8.68	%
Tangible common equity (including unrealized gains/losses) (c) / (f)		9.10	%		9.45	%		9.49	%		9.37	%		9.04	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (d) / (j)		9.57	%		9.74	%		9.84	%		9.71	%		9.41	%
Tangible book value per share (c) / (i)	$	12.33		$	12.12		$	11.89		$	11.64		$	11.25
Tier I common equity (h) / (j)		9.51	%		9.67	%		9.77	%		9.64	%		9.35	%
Basel III—Estimates (Amounts in billions)
	December 2012			September 2012			June 2012
Tier I common equity (Basel I)		10.4			10.3			10.4
Add: Adjustment related to AOCI for AFS securities		0.5			0.5			0.5
All other adjustments		—			—			—
Estimated Tier I common equity under Basel III rules (a)		10.9			10.8			10.9
Estimated risk-weighted assets under Basel III rules (b)		123.7			120.3			119.4
Estimated Tier I common equity ratio under Basel III rules		8.78	%		9.01	%		9.17	%

(a) Tier I common equity under Basel III includes the unrealized gains and losses for AFS securities. Other adjustments include mortgage servicing rights and deferred tax assets subject to threshold limitations and deferred tax liabilities related to intangible assets.

(b) Key differences under Basel III in the calculation of risk-weighted assets compared to Basel I include: (1) Risk weighting for commitments under 1 year; (2) Higher risk weighting for exposures to residential mortgage, home equity, past due loans, foreign banks and certain commercial real estate; (3) Higher risk weighting for mortgage servicing rights and deferred tax assets that are under certain thresholds as a percent of Tier I capital; (4) Incremental capital requirements for stress VaR; and (5) Derivatives are differentiated between exchange clearing and over-the-counter and the 50% risk-weight cap is removed.

34

Fifth Third Bancorp and Subsidiaries

Segment Presentation

$ in millions

(unaudited)

For the three months ended December 31, 2012	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		386			341			80			31			65			903
Provision for loan and lease losses		(42	)		(68	)		(36	)		(1	)		71			(76	)
Net interest income after provision for loan and lease losses		344			273			44			30			136			827
Total noninterest income		201			214			263			94			108			880
Total noninterest expense		(277	)		(393	)		(174	)		(105	)		(214	)		(1,163	)
Net income before taxes		268			94			133			19			30			544
Applicable income taxes (a)		(59	)		(33	)		(47	)		(6	)		(3	)		(148	)
Net income		209			61			86			13			27			396
Net income attributable to noncontrolling interest		—			—			—			—			(3	)		(3	)
Net income attributable to Bancorp		209			61			86			13			30			399
Dividends on preferred stock		—			—			—			—			9			9
Net income available to common shareholders		209			61			86			13			21			390
For the three months ended Septemberp, 30, 2012	Commercial Bankingg			Branch Bankingg			Consumer Lendingg			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)		358			344			77			30			98			907
Provision for loan and lease losses		(45	)		(71	)		(38	)		(3	)		92			(65	)
Net interest income after provision for loan and lease losses		313			273			39			27			190			842
Total noninterest income		183			203			212			107			(34	)		671
Total noninterest expense		(271	)		(405	)		(167	)		(109	)		(54	)		(1,006	)
Net income before taxes		225			71			84			25			102			507
Applicable income taxes (a)		(43	)		(25	)		(30	)		(9	)		(36	)		(143	)
Net income		182			46			54			16			66			364
Net income attributable to noncontrolling interest		—			—			—			—			1			1
Net income attributable to Bancorp		182			46			54			16			65			363
Dividends on preferred stock		—			—			—			—			9			9
Net income available to common shareholders		182			46			54			16			56			354
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
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
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
Dividends on preferred stock		—			—			—			—			9			9
Net income available to common shareholders		132			59			11			7			96			305

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

35

EX-99.2

Fifth Third Bank | All Rights Reserved

4Q12 Earnings Conference Call

January 17, 2013

Please refer to earnings release dated January 17, 2013 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

or

the

results

of

operations

of

Vantiv,

LLC

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

and

deliver

products

and

services

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

$390MM

($0.43

per

diluted

share),

vs.

$354MM

($0.38

per

share)

in

3Q12

and

$305MM ($0.33 per share) in 4Q11

—

Return on assets of 1.33%; return on average common equity of 11.5%; return on average tangible common equity** of 14.1%

Credit trends remain favorable

—

Net charge-offs (NCOs) of $147MM (0.70% of loans and leases) down $9MM (5 bps) vs. 3Q12; lowest since 3Q07

—

Provision expense of $76MM, up $11MM vs. 3Q12; loan loss allowance down $71MM sequentially; allowance to loan ratio of

2.16%, 144% of nonperforming assets (NPAs), 180% of nonperforming loans and leases (NPLs), and 3.2 times 4Q12

annualized NCOs

—

Total NPAs of $1.3B including loans held-for-sale (HFS) down $174MM, or 12%, from 3Q12; NPAs excluding loans HFS of

$1.3B down $160MM, or 11% from 3Q12; lowest since 4Q07

—

NPA ratio of 1.49% down 24 bps from 3Q12, NPL ratio of 1.19% down 19 bps from 3Q12

—

Total

delinquencies

(loans

30-89

days

past

due

and

90

days

past

due)

down

4%

sequentially,

lowest

since

2Q04

Strong capital ratios*

—

Tier

1

common

ratio

9.51%**,

down

16

bps

sequentially

(Basel

III

pro

forma

estimate

of ~8.8%)

—

Tier 1 capital ratio 10.65%, Total capital ratio 14.42%, Leverage ratio 10.05%

—

Tangible common equity ratio** of 8.83% excluding unrealized gains/losses; 9.10% including them

—

Book value per share of $15.10; tangible book value per share** of $12.33 up 2% from 3Q12 and 10% from 4Q11

4Q12 in review

Significant items in 4Q12 results

$ in MM, except per share data

Net income impact

After tax EPS

impact

Pre-tax

After tax

Sale of Vantiv shares

$157

~$102

Extinguishment costs related to termination of FHLB debt

($134)

(~$87)

Valuation adjustment on Vantiv warrant

($19)

(~$12)

Valuation adjustment on Visa total return swap

($15)

(~$10)

Increase in mortgage rep and warranty reserve

($29)

(~$19)

Termination of leases

N/A

$10

Total

($16)

($0.02)

* Capital ratios estimated; presented under current U.S. capital regulations. The pro forma Tier I common equity ratio is management’s estimate based upon its current interpretation of

the three draft Federal Register notices proposing enhancements to regulatory capital requirements published in June 2012. The actual impact to the Bancorp’s Tier I common equity

ratio may change significantly due to revisions to the agencies’  final rules.

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

4

Fifth Third Bank | All Rights Reserved

Financial summary

•

4Q12 earnings of $0.43 per share included $157MM ($0.11 per share after-tax) gains on the sale of Vantiv stock,

$134MM ($0.09 per share after-tax) of debt extinguishment costs associated with FHLB debt termination, $19MM ($0.01

per share after-tax) in valuation adjustments on Vantiv warrants, and $15MM ($0.01 per share after-tax) in valuation

adjustments on Visa total return swap

•

4Q12 also included additional charges of $29MM ($0.02 per share after-tax) related to the increase in mortgage

repurchase reserve due to new Freddie Mac guidance for potential

2004-2006 repurchase claims.

Actual

Seq.

YOY

($ in millions, except per share data)

4Q11

3Q12

4Q12

$

%

$

%

Average Balances

Commercial loans*

$44,636

$46,901

$47,689

$788

2%

$3,053

7%

Consumer loans*

35,278

35,987

36,254

267

1%

976

3%

Total loans & leases*

$79,914

$82,888

$83,943

$1,055

1%

$4,029

5%

Core deposits

$80,587

$81,722

$84,289

$2,567

3%

$3,702

5%

Income Statement Data

Net interest income (taxable equivalent)

$920

$907

$903

($4)

-

($17)

(2%)

Provision for loan and lease losses

55

65

76

11

17%

21

38%

Noninterest income

550

671

880

209

31%

330

60%

Noninterest expense

993

1,006

1,163

157

16%

170

17%

Net income attributable to Bancorp

$314

$363

$399

$36

10%

$85

27%

Net income available to common shareholders

$305

$354

$390

$36

10%

$85

28%

Pre-provision net revenue^

$473

$568

$616

$48

8%

$143

30%

Earnings per share, diluted

$0.33

$0.38

$0.43

$0.05

13%

$0.10

30%

Net interest margin

3.67%

3.56%

3.49%

(7bps)

(2%)

(18bps)

(5%)

Return on average assets

1.08%

1.23%

1.33%

10bps

8%

25bps

23%

Return on average common equity

9.5%

10.4%

11.5%

110bps

11%

200bps

21%

Return on average tangible common equity^

11.9%

12.8%

14.1%

130bps

10%

220bps

19%

* 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 $10MM benefit from non-recurring items in 3Q12 and asset yield

compression in loans and securities, which more than offset lower deposit costs, reductions in long-term debt

expense, and net loan growth

–

NII down $4MM sequentially and $17MM year-over-year

–

NIM down 7 bps sequentially and 18 bps year-over-year

•

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

* Represents purchase accounting adjustments included in net interest income.

Yield Analysis

4Q11

3Q12

4Q12

Seq.

(bps)

YoY

(bps)

Commercial and industrial loans

4.28%

4.08%

4.01%

(7)

(27)

Commercial mortgage loans

3.89%

3.76%

3.69%

(7)

(20)

Commercial construction loans

3.04%

2.83%

3.01%

18

(3)

Commercial leases

3.87%

3.62%

3.42%

(20)

(45)

Residential mortgage loans

4.16%

4.03%

3.94%

(9)

(22)

Home equity

3.87%

3.78%

3.72%

(6)

(15)

Automobile loans

4.27%

3.61%

3.46%

(15)

(81)

Credit card

9.66%

9.82%

9.96%

14

30

Other consumer loans and leases

36.95%

49.00%

50.06%

106

1,311

Total loans and leases

4.41%

4.21%

4.13%

(8)

(28)

Taxable securities

3.75%

3.41%

3.23%

(18)

(52)

Tax exempt securities

5.42%

3.29%

2.91%

(38)

(251)

Other short-term investments

0.24%

0.25%

0.28%

3

4

Total interest-earning assets

4.23%

4.03%

3.94%

(9)

(29)

Total interest-bearing liabilities

0.79%

0.67%

0.65%

(2)

(14)

Net interest spread

3.44%

3.36%

3.29%

(7)

(15)

6

Fifth Third Bank | All Rights Reserved

Balance sheet

•

C&I loans up 4% sequentially and 15% from 4Q11

•

Commercial line utilization of 31%; potential source

of future growth

•

CRE loans down 4% sequentially and 13% from 4Q11

•

Consumer loans were up 1% sequentially and 3%

year-over-year

•

Average warehoused residential mortgage loans

held-for-sale were $2.2B in 4Q12 versus $1.9B in

3Q12

•

Core deposit to loan ratio of 100%

–

DDAs up 8% sequentially and 12% from 4Q11

–

Consumer average transaction deposits up 2%

sequentially and 4% year-over-year

–

Commercial average transaction deposits up 5%

sequentially and 8% year-over-year

Average loan growth ($B)^

Average core deposit growth ($B)

^ Excludes loans held-for-sale

Note: Numbers may not sum due to rounding

•

Short-term wholesale borrowings represent only 6%

of total funding

7

Fifth Third Bank | All Rights Reserved

Noninterest income

•

4Q12 results included $157MM of gains on the sale of Vantiv stock, a $19MM negative valuation adjustment on Vantiv

warrant and a $15MM negative valuation adjustment on Visa total return swap

•

3Q12 results included $16MM negative valuation adjustment on Vantiv warrant and $13MM of gains on the sale of

certain Fifth Third funds

•

Credit costs recorded in noninterest income:

Noninterest income

Note: Numbers may not sum due to rounding

Actual

($ in millions)

4Q11

3Q12

4Q12

Gain / (loss) on sale of loans

$9

$2

$4

Commercial loans HFS FV adjustment

(18)

(3)

(3)

Gain / (loss) on sale of OREO properties

(22)

(11)

(10)

Mortgage repurchase costs

(1)

(2)

(3)

Total credit-related revenue impact

($33)

($14)

($13)

Actual

Seq.

YOY

4Q11

3Q12

4Q12

$

%

$

%

($ in millions)

Service charges on deposits

$136

$128

$134

$6

5%

($2)

(1%)

Corporate banking revenue

82

101

114

13

13%

32

38%

Mortgage banking net revenue

156

200

258

58

29%

102

65%

Investment advisory revenue

90

92

93

1

1%

3

3%

Card and processing revenue

60

65

66

1

2%

6

10%

Other noninterest income

24

78

215

137

NM

191

NM

Securities gains, net

5

2

2

-

-

(3)

(60%)

Securities gains/(losses), net -

(3)

5

(2)

(7)

NM

1

NM

non-qualifying hedges on MSRs

Noninterest income

$550

$671

$880

$209

31%

$330

60%

8

Fifth Third Bank | All Rights Reserved

Noninterest expense

Noninterest expense

•

4Q12 results included $134MM in extinguishment costs associated with the termination of FHLB debt, $26MM of

additional expense to increase mortgage rep and warranty reserve

and $13MM in litigation reserves

•

3Q12 results included $26MM of debt extinguishment costs related

to the redemption of TruPS, $22MM of additional

expense to increase the mortgage rep and warranty reserve, $5MM benefit from sale of affordable housing

investments, $5MM in litigation reserves, and $2MM of costs associated with the sale of certain Fifth Third funds

•

Credit costs recorded in noninterest expense:

Note: Numbers may not sum due to rounding

Actual

Seq.

YOY

4Q11

3Q12

4Q12

$

%

$

%

($ in millions)

Salaries, wages and incentives

$393

$399

$416

$17

4%

$23

6%

Employee benefits

84

79

96

17

22%

12

15%

Net occupancy expense

79

76

76

-

-

(3)

(3%)

Technology and communications

48

49

52

3

6%

4

10%

Equipment expense

27

28

27

(1)

(2%)

-

(1%)

Card and processing expense

28

30

31

1

5%

3

10%

Other noninterest expense

334

345

465

120

35%

131

39%

Noninterest expense

$993

$1,006

$1,163

$157

16%

$170

17%

Actual

($ in millions)

4Q11

3Q12

4Q12

Mortgage repurchase expense

$18

$36

$44

Provision for unfunded commitments

(6)

(2)

3

Derivative valuation adjustments

(5)

(2)

(2)

OREO expense

8

6

5

Other problem asset related expenses

28

21

19

Total credit-related operating expenses

$44

$59

$68

9

Fifth Third Bank | All Rights Reserved

Pre-tax pre-provision earnings*

PPNR trend

* 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.

# 60% also excluding  4Q12 mortgage repurchase reserve build

•

PPNR of $616MM up 8% from 3Q12 levels and 30% from

prior year

•

Adjusted PPNR of $638MM, up 7% sequentially and 22%

year-over-year

—

Including 4Q12 mortgage repurchase reserve build

of $29MM in adjustments, related to new Freddie

Mac guidance, adjusted PPNR of $667MM

PPNR reconciliation

Efficiency ratio

($ in millions)

4Q11

1Q12

2Q12

3Q12

4Q12

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

$418

$603

$565

$503

$540

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

55

91

71

65

76

PPNR (a) + (b)

$473

$694

$636

$568

$616

Adjustments to remove (benefit) / detriment^:

In noninterest income:

Gain from Vantiv IPO (1Q12) and sale of shares (4Q12)

-

(115)

-

-

(157)

Vantiv debt refinancing

-

34

-

-

-

Valuation of 2009 Visa total return swap

54

19

11

1

15

Vantiv warrant & puts

(10)

(46)

(56)

16

19

Valuation of bank premises moved to HFS

-

-

17

-

-

Litigation reserve additions in revenue

-

-

6

-

-

Sale of certain Fifth Third funds

-

-

-

(13)

-

Securities (gains) / losses

(5)

(9)

(3)

(2)

(2)

In noninterest expense:

Debt extinguishment (gains) / losses

-

9

-

26

134

Non-income tax related assessment resolution

-

(23)

-

-

-

Sale of certain Fifth Third funds

-

-

-

2

-

Termination of certain borrowing & hedging transactions

-

-

-

-

-

Severance expense

-

6

-

-

-

FDIC insurance expense

-

-

(9)

-

-

Gain on sale of affordable housing

-

-

(8)

(5)

-

Litigation reserve additions in expense

10

14

(1)

5

13

Adjusted PPNR

$522

$583

$593

$598

$638

Credit-related items^^:

In noninterest income

33

14

17

14

13

In noninterest expense

44

34

40

59

68

Credit-adjusted PPNR**

$599

$631

$650

$671

$719

10

Fifth Third Bank | All Rights Reserved

Net charge-offs

Net charge-offs* by loan type

Net charge-offs by geography

Net charge-offs ($MM)

$MM

%

Commercial

$56

38%

Consumer

$91

62%

Total  

$147

100%

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

$MM

%

Florida

$19

13%

Michigan

25

17%

Subtotal

$44

30%

Other

103        

70%

Total

$147

100%

Actual

Seq.

YOY

($ in millions)

4Q11

3Q12

4Q12

$

%

$

%

C&I

$62

$29

$36

$7

24%

($26)

(42%)

Commercial mortgage

47

28

17

($11)

(39%)

($30)

(64%)

Commercial construction

4

4

4

-

-

-

-

Commercial lease

-

1

(1)

($2)

(200%)

($1)

NM

Commercial

$113

$62

$56

($6)

(10%)

($57)

(50%)

Residential mortgage loans

36

26

23

($3)

(12%)

($13)

(36%)

Home equity

50

37

34

($3)

(8%)

($16)

(32%)

Automobile

13

7

9

$2

29%

($4)

(31%)

Credit card

21

18

19

$1

6%

($2)

(10%)

Other consumer

6

6

6

-

-

-

-

Consumer

$126

$94

$91

($3)

(3%)

($35)

(28%)

Total net charge-offs

$239

$156

$147

($9)

(6%)

($92)

(38%)

* Commercial lease net charge-offs resulted in a $1MM net recovery

11

Fifth Third Bank | All Rights Reserved

Nonperforming assets

•

NPAs of $1.3B excluding held-for-sale down

29% year-over-year

•

Commercial NPAs of $883MM, down 34% from

the previous year

–

Homebuilder / developer NPAs of

$88MM; represent 10% of total

commercial NPAs

•

Consumer NPAs of $403MM, down 16% from

the previous year

•

NPAs in held-for-sale of $29MM

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

NORTH

CAROLINA

OTHER /

NATIONAL

NPAs exclude loans held-for-sale.

Nonperforming assets ($MM)

Nonperforming assets continue to improve

12

Fifth Third Bank | All Rights Reserved

NPL HFI Rollforward

Commercial

4Q11

1Q12

2Q12

3Q12

4Q12

Beginning NPL Amount

1,155

1,058

988

983

806

Transfers to nonperforming

189

168

203

121

68

Transfers to performing

-

(1)

-

(17)

(4)

Transfers to performing (restructured)

-

(2)

(4)

(20)

(5)

Transfers from held for sale

4

-

-

-

-

Transfers to held for sale

(3)

(3)

(3)

(7)

-

Loans sold from portfolio

(21)

(8)

(4)

(18)

(6)

Loan paydowns/payoffs

(149)

(94)

(123)

(160)

(89)

Transfer to other real estate owned

(14)

(36)

(15)

(35)

(22)

Charge-offs

(113)

(101)

(79)

(62)

(55)

Draws/other extensions of credit

10

7

20

21

4

Ending Commercial NPL

1,058

988

983

806

697

Consumer

4Q11

1Q12

2Q12

3Q12

4Q12

Beginning NPL Amount

383

380

364

359

347

Transfers to nonperforming

205

184

182

161

145

Transfers to performing

(28)

(36)

(26)

(29)

(27)

Transfers to performing (restructured)

(39)

(36)

(40)

(37)

(34)

Transfers to held for sale

-

-

-

-

-

Loans sold from portfolio

-

(4)

-

-

-

Loan paydowns/payoffs

(26)

(28)

(32)

(38)

(35)

Transfer to other real estate owned

(30)

(18)

(18)

(17)

(18)

Charge-offs

(87)

(80)

(72)

(53)

(47)

Draws/other extensions of credit

2

2

1

1

1

Ending Consumer NPL

380

364

359

347

332

Total NPL

1,438

1,352

1,342

1,153

1,029

Total new nonaccrual loans -

HFI

394

352

385

282

213

NPL Rollforward

Significant improvement in NPL inflows over past year

Note: Numbers may not sum due to rounding

13

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.

*

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

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

14

Fifth Third Bank | All Rights Reserved

Strong reserve position

Peer median 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

4Q12 coverage ratios strong

relative to peers (3Q12)

Industry leading reserve levels

15

Fifth Third Bank | All Rights Reserved

Mortgage repurchase overview

4Q12 balances of outstanding claims decreased 10% from 3Q12

—

Within recent range of quarterly volatility

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

agencies

—

99% of outstanding balance of loans sold

—

73% of current quarter outstanding claims

Approximately 82% of outstanding balances of the serviced for

others portfolio relates to origination activity in 2009 and later

Private claims and exposure relate to whole loan sales (no

outstanding first mortgage securitizations)

—

Preponderance of private sales prior to 2006

2004-2008 vintages account for ~80% of total life to date

losses of $389MM from sold portfolio

$29MM increase in representation & warranty reserve

resulting from new Freddie Mac guidance regarding

potential for 2004-2006 repurchase claims

Repurchase Reserves* ($ in millions)

Outstanding Counterparty Claims ($ in millions)

4Q11

1Q12

2Q12

3Q12

4Q12

Beginning balance

$69

$72

$71

$75

$99

Net reserve additions   

20

17

20

39

47

Repurchase losses

(17)

(17)

(16)

(15)

(15)

Ending balance

$72

$71

$75

$99

$131

* Includes reps and warranty reserve ($110MM) and reserve for loans sold with recourse ($20MM)

Note: Numbers may not sum due to rounding

Outstanding Balance of Sold Loans ($ in millions)

Fannie

Freddie

GNMA

Private

Total

2003 and Prior

$502

$2,343

$149

$168

$3,162

2004

223

862

32

116

1,234

2005

248

1,044

44

122

1,458

2006

328

839

42

202

1,411

13%

2007

501

1,363

56

157

2,077

2008

620

1,069

433

-

2,122

2009

1,213

5,779

2,886

1

9,878

2010

2,737

6,161

2,583

-

11,481

2011

3,410

6,352

2,124

-

11,885

2012

4,763

8,947

4,052

-

17,761

Grand Total

$14,544

$34,759

$12,400

$767

$62,470

1.2%

16

Fifth Third Bank | All Rights Reserved

Strong capital position

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

** The pro forma Tier I common equity ratio is management’s estimate based upon its current interpretation of the three draft Federal Register notices proposing enhancements to regulatory

capital

requirements

published

in

June

2012.

The

actual

impact

to

the

Bancorp’s

Tier

I

common

equity

ratio

may

change

significantly

due

to

revisions

to

the

agencies’

final

rules.

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

^^

Regulatory

capital

ratios

for

Fifth

Third

as

of

September

30,

2012,

excluding

the

~135

bps

impact

of

Fifth

Third’s

call

of

$1.4B

in

TruPS

in

3Q12

Current period regulatory capital data ratios are estimated.

Capital ratios remained strong during the quarter

Tangible common equity ratio^*

Tier I capital ratio

Total risk-based capital ratio

Tier 1 common equity*

Basel III

Est  9.0%

Basel III

Est 8.8%**

Basel III

Est  9.2%

17

©

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

^

Tier

I

common

equity**

^^^

Category

Fifth Third: Outlook

2013 Outlook

#

$82.7B

$78.1B

Consistent

with

FY2012

#

(lower

in

1Q13)

~3.35-3.40%

Low single

digit

growth

vs.

FY2012

#

Consistent

with

FY2012

#

Moderate

growth

vs.

FY2012

#

~1.25% +/-

~28-28.5%

2012-Adjusted

#

Outlook as of January 17, 2013;

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

Mid-high single digit growth

Stable to up modestly

Down

~200MM

(~0.55-0.60%

^^

)

Lower vs. 4Q12

Down ~20-25% vs. 4Q12

$3.6B

3.55% (3.49% 4Q12)

$2.7B

$3.9B

$2.4B

~1.25%

~28.5%

9.51%

$704MM

(0.85%

^^

)

$1.9B (2.16%)

$1.3B (1.49%)

Relatively stable

# 2012 fee income excludes a net $305 million in benefit from gains on Vantiv share issuance, Vantiv warrants, and Vantiv debt refinancing costs. 2012 expense excludes $169

million in FHLB and TruPS debt extinguishment costs. 2012 PPNR and ROA exclude $136 million in net benefits from these items (ROA after tax). 2013 outlook does not include

potential but currently unforecasted items, such as any potential Vantiv gains or change in regulatory guidance for treatment of Chapter 7 bankrupt borrowers.

* Presented on a fully-taxable equivalent basis.

** Non-GAAP measure.  See Reg. G reconciliation on slides 32-33 for actual 2012 results. 

^ 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 in each period.

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

^^^ Current period capital ratios estimated. Tier 1 common equity ratio outlook assumes stable common equity levels managed through asset growth and share repurchases.

Repurchases subject to non-objection under the Federal Reserve’s CCAR process.

18

Fifth Third Bank | All Rights Reserved

Appendix

19

Fifth Third Bank | All Rights Reserved

Well-positioned for the future

•

Cash currently sufficient to satisfy all fixed obligations in a stressed environment for approximately 2 years (debt

maturities, common and preferred dividends, interest and other expenses) without accessing capital markets; relying

on dividends from subsidiaries or any other discretionary actions.

•

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

Superior capital and liquidity position

•

NCOs of 0.70%; 3.2x 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 ~49% of total revenue

Diversified traditional banking platform

•

PPNR has remained strong throughout the credit cycle

•

PPNR substantially exceeds annual net charge-offs (419% PPNR / NCOs^ in 4Q12)

•

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

20

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

Financial system

interconnectedness

•

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

–

Low trading business activity; daily VaR < $1MM

–

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; current estimate of capital ~8.8%

due primarily to increase in risk weighted assets

•

Proposed rules remain subject to final rule making

21

Fifth Third Bank | All Rights Reserved

European Exposure

Total

Funded

Total

Funded

Total

Funded

Total

Funded

exposure

exposure

exposure

exposure

exposure

exposure

exposure

exposure

(amounts in $MM)

Peripheral Europe

-

-

26

-

184

115

210

115

Other Eurozone

-

-

50

46

1,463

846

1,513

892

Total Eurozone

-

-

76

46

1,647

961

1,723

1,007

Other Europe

-

-

62

32

821

485

883

517

Total Europe

-

-

138

78

2,468

1,446

2,606

1,524

Sovereigns

Financial Institutions

Non-Financial Entities

Total

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

z

•

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 <$150MM

•

Total exposure to five peripheral Europe countries ~$200MM

•

$961MM in funded exposure to Eurozone-related companies (~1% of total loan portfolio)

z

z

22

Fifth Third Bank | All Rights Reserved

Available and contingent borrowing capacity (4Q12):

–

FHLB ~$8B available, ~$12B total

–

Federal Reserve ~$26B

Holding Company cash at 12/30/12: $2.4B

Cash currently sufficient to satisfy all fixed obligations

in a stressed environment for approximately 2 years

(debt maturities, common and preferred dividends,

interest and other expenses) without accessing capital

markets; relying on dividends from subsidiaries or any

other discretionary actions

Expected cash obligations over the next 24 months

—

~$713MM common dividends

—

~$70MM Series G preferred dividends

—

~$673MM interest and other expenses

Holding company unsecured debt maturities ($MM)

Bank

unsecured

debt

maturities

($MM

–

excl.

Brokered

CDs)

Heavily core funded

Strong liquidity profile

Demand

25%

Interest

checking

20%

Savings/

MMDA

22%

Consumer

time

3%

Foreign

Office

1%

Non-Core

Deposits

3%

S-T

borrowings

6%

Other

liabilities

3%

Equity

11%

L-T debt

6%

S-T

wholesale

9%

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 $187MM 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 2Q12

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

1Q08      3%

2Q08      6%

3Q08      6%

4Q08      7%

1Q09     10%    

2Q09     11%

Months since modification

Volume by

vintage

3Q09     11%

$1.3B current consumer TDRs (%)

4Q09      7%

$1.1

billion

2008

2009-

2012

1Q10      6%

2Q10      4%

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

4Q10

3%

1Q11

4%

2Q11

3%

3Q11      3%

4Q11

3%

2Q12

3%

3Q10

4%

1Q12

2%

24

Fifth Third Bank | All Rights Reserved

Commercial & industrial

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & industrial loans represented 41% of total loans

and 24% of net charge-offs

•

FL represented 26% of 4Q12 losses, 7% of loans; MI

represented 8% of losses, 9% of loans

*Excludes loans held-for-sale.

($ in millions)

4Q11

1Q12

2Q12

3Q12

4Q12

EOP Balance*

$30,783

$32,155

$32,612

$33,344

$36,038

Avg Loans*

$29,891

$31,371

$32,734

$33,111

$34,301

90+ days delinquent

$4

$2

$2

$1

$1

as % of loans

0.01%

0.01%

0.01%

NM

NPAs*

$509

$474

$479

$406

$352

as % of loans

1.65%

1.47%

1.47%

1.22%

0.98%

Net charge-offs

$62

$54

$46

$29

$36

as % of loans

0.82%

0.69%

0.57%

0.36%

0.42%

C&I

NM

25

Fifth Third Bank | All Rights Reserved

($ in millions)

4Q11

1Q12

2Q12

3Q12

4Q12

EOP Balance*

$10,138

$9,909

$9,662

$9,348

$9,103

Avg Loans*

$10,262

$10,007

$9,810

$9,567

$9,193

90+ days delinquent

$3

$30

$22

$22

$22

as % of loans

0.03%

0.30%

0.23%

0.24%

0.24%

NPAs*

$637

$568

$555

$489

$434

as % of loans

6.15%

5.64%

5.66%

5.15%

4.69%

Net charge-offs

$47

$30

$25

$28

$17

as % of loans

1.82%

1.18%

1.04%

1.15%

0.70%

Commercial mortgage

Commercial mortgage

Loans by geography

Credit trends

Loans by industry

Comments

*Excludes

loans

held-for-sale.

•

Commercial mortgage loans represented 11% of total loans

and 12% of net charge-offs

•

Owner occupied 4Q12 NCO ratio of 0.4%, non-owner occupied

4Q12 NCO ratio of 1.1%

•

Loans from FL/MI represented 37% of portfolio loans, 33% of

portfolio losses in 4Q12

26

Fifth Third Bank | All Rights Reserved

Commercial construction

Loans by geography

Credit trends

Loans by industry

Comments

*Excludes loans held-for-sale.

•

Commercial construction loans represented 1% of total loans

and 3% of net charge-offs

•

Loans from FL/MI represented 26% of portfolio loans

($ in millions)

4Q11

1Q12

2Q12

3Q12

4Q12

EOP Balance*

$1,020

$901

$822

$672

$698

Avg Loans*

$1,132

$992

$873

$742

$686

90+ days delinquent

$1

-

$1

as % of loans

0.09%

0.05%

NM

NM

0.14%

NPAs*

$179

$171

$141

$110

$88

as % of loans

16.92%

18.20%

16.57%

15.77%

12.37%

Net charge-offs

$4

$18

$4

$4

as % of loans

1.37%

7.30%

(0.12%)

2.29%

1.91%

Commercial construction

-

-

-

27

Fifth Third Bank | All Rights Reserved

($ in millions)

4Q11

1Q12

2Q12

3Q12

4Q12

EOP Balance*

$512

$423

$376

$376

$318

90+ days delinquent

-

$1

-

-

-

as % of loans

0.03%

0.15%

NM

NM

NM

NPAs*

$155

$123

$114

$104

$88

as % of loans

30.34%

29.06%

26.52%

23.96%

24.19%

Net charge-offs

$2

$21

$4

$3

-

as % of loans

1.28%

18.49%

4.37%

2.85%

0.28%

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 $318MM, down 90% from peak

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

commercial loans

•

No material net charge-offs in 4Q12

•

$88MM of NPAs (58% commercial mortgage, 30% commercial

construction, 12% C&I)

*Excludes loans held-for-sale.

28

Fifth Third Bank | All Rights Reserved

Residential mortgage

1

liens: 100%; weighted average LTV: 73.1%

Weighted average origination FICO: 752

Origination FICO distribution:  <660 7%; 660-689 5%; 690-719 9%;

720-749 13%; 750+ 55%; Other^ 11%

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

Origination LTV distribution: <=70 37%; 70.1-80 38%; 80.1-90 7%;

90.1-95 4%; >95 14%

Vintage distribution: 2012 28%; 2011 21%; 2010 12%; 2009 5%;

2008 5%; 2007 6%; 2006 5%; 2005 9%; 2004 and prior 9%

14% originated through broker; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

^ Includes acquired loans where FICO at origination is not available

*Excludes loans held-for-sale

•

Residential mortgage loans represented 14% of total loans and

16% of net charge-offs

•

FL portfolio 14% of residential mortgage loans and 48% of

portfolio losses

($ in millions)

4Q11

1Q12

2Q12

3Q12

4Q12

EOP Balance*

$10,672

$11,094

$11,429

$11,708

$12,017

Avg Loans*

$10,464

$10,828

$11,274

$11,578

$11,846

90+ days delinquent

$79

$73

$80

$76

$75

as % of loans

0.74%

0.66%

0.70%

0.65%

0.62%

NPAs*

$350

$331

$322

$317

$290

as % of loans

3.28%

2.98%

2.82%

2.71%

2.41%

Net charge-offs

$36

$37

$36

$26

$23

as % of loans

1.38%

1.39%

1.28%

0.90%

0.77%

Residential mortgage

st

29

Fifth Third Bank | All Rights Reserved

($ in millions)

4Q11

1Q12

2Q12

3Q12

4Q12

EOP Balance*

$9,232

$8,986

$8,919

$8,824

$8,652

90+ days delinquent

$56

$55

$50

$49

$44

as % of loans

0.62%

0.62%

0.56%

0.55%

0.50%

Net charge-offs

$33

$31

$25

$24

$22

as % of loans

1.42%

1.39%

1.14%

1.09%

1.01%

Home equity - direct

($ in millions)

4Q11

1Q12

2Q12

3Q12

4Q12

EOP Balance*

$1,487

$1,507

$1,458

$1,414

$1,366

90+ days delinquent

$18

$19

$17

$16

$14

as % of loans

1.24%

1.23%

1.15%

1.16%

1.05%

Net charge-offs

$17

$15

$14

$13

$12

as % of loans

4.54%

4.01%

3.76%

3.62%

3.48%

Home equity - brokered

Home equity loans represented 12% of total loans and 23% of net

charge-offs

Approximately 14% of portfolio in broker product generated 35% total

loss

Approximately one third of Fifth Third 2nd

liens are behind Fifth Third

1st

liens

2005/2006 vintages represent approximately 27% of portfolio; account

for 52% of losses

Home equity

1    liens: 32%; 2nd liens: 68% 

Weighted average origination FICO: 751

Origination FICO distribution^: <660 3%; 660-689 7%; 690-719 13%;

720-749 17%; 750+ 52%; Other 8%

Average CLTV: 73%; Origination CLTV distribution: <=70 39%; 70.1-

80 23%; 80.1-90 19%; 90.1-95 6%; >95 13%

Vintage distribution: 2012 5%; 2011 4%; 2010 3%; 2009 4%; 2008

10%; 2007 10%; 2006 14%; 2005 13%; 2004 and prior 37%

% through broker channels: 14%

WA FICO: 735 brokered, 754 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

*

Excludes loans held-for-sale

St

30

Fifth Third Bank | All Rights Reserved

Loans ($B)

% of

FITB

NPAs

($MM)

% of

FITB

NCOs

($MM)

% of

FITB

Commercial loans

2.4

7%

34

10%

9

26%

Commercial mortgage

1.2

13%

90

21%

0

2%

Commercial construction

0.1

13%

39

44%

(0)

0%

Commercial lease

0.1

2%

7

80%

-

0%

Commercial

3.7

7%

170

19%

10

17%

Mortgage

0.9

8%

136

46%

1

4%

Home equity

0.8

8%

11

17%

5

15%

Auto

0.6

5%

1

5%

1

8%

Credit card

0.1

5%

3

7%

1

7%

Other consumer

0.0

2%

-

0%

1

16%

Consumer

2.4

7%

150

37%

9

10%

Total

6.1

7%

320

25%

19

13%

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.

Note: Numbers may not sum due to rounding

31

Fifth Third Bank | All Rights Reserved

Loans ($B)

% of

FITB

NPAs ($MM)

% of

FITB

NCOs

($MM)

% of FITB

Commercial loans

3.2

9%

43

12%

3

8%

Commercial mortgage

2.2

25%

100

23%

5

32%

Commercial construction

0.1

12%

9

10%

2

53%

Commercial lease

0.2

5%

0

4%

(0)

0%

Commercial

5.7

12%

153

17%

10

17%

Mortgage

3.0

25%

27

9%

3

14%

Home equity

2.0

20%

11

18%

8

23%

Auto

0.9

8%

1

10%

1

10%

Credit card

0.3

15%

7

19%

3

13%

Other consumer

0.1

24%

-

0%

1

13%

Consumer

6.3

17%

47

12%

15

17%

Total

12.0

14%

200

16%

25

17%

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.

Note: Numbers may not sum due to rounding

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)

December

September

June

March

December

2012

2012

2012

2012

2011

Income before income taxes (U.S. GAAP)

$540

$503

$565

$603

$418

Add:

Provision expense (U.S. GAAP)

76

65

71

91

55

Pre-provision net revenue (a)

616

568

636

694

473

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

390

354

376

421

305

Add:

Intangible amortization, net of tax

2

2

2

3

3

Tangible net income available to common shareholders

392

356

378

424

308

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

1,559

1,416

1,520

1,705

1,222

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

13,855

13,887

13,628

13,366

13,147

Less:

Average preferred stock

(398)

(398)

(398)

(398)

(398)

Average goodwill

(2,417)

(2,417)

(2,417)

(2,417)

(2,417)

Average intangible assets

(28)

(31)

(34)

(38)

(42)

Average tangible common equity (c)

11,012

11,041

10,779

10,513

10,290

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

13,716

13,718

13,773

13,560

13,201

Less: 

Preferred stock

(398)

(398)

(398)

(398)

(398)

Goodwill

(2,416)

(2,417)

(2,417)

(2,417)

(2,417)

Intangible assets

(27)

(30)

(33)

(36)

(40)

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

10,875

10,873

10,925

10,709

10,346

Less: Accumulated other comprehensive income / loss

(375)

(468)

(454)

(468)

(470)

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

10,500

10,405

10,471

10,241

9,876

Total assets (U.S. GAAP)

121,895

117,483

117,543

116,747

116,967

Less: 

Goodwill

(2,416)

(2,417)

(2,417)

(2,417)

(2,417)

Intangible assets

(27)

(30)

(33)

(36)

(40)

Tangible assets, including unrealized gains / losses (f)

119,452

115,036

115,093

114,294

114,510

Less: Accumulated other comprehensive income / loss, before tax

(577)

(720)

(698)

(720)

(723)

Tangible assets, excluding unrealized gains / losses (g)

118,875

114,316

114,395

113,574

113,787

Common shares outstanding (h)

882

897

919

920

920

Net charge-offs (i)

147

156

181

220

239

Ratios:

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

14.2%

12.8%

14.1%

16.2%

11.9%

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

8.83%

9.10%

9.15%

9.02%

8.68%

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

9.10%

9.45%

9.49%

9.37%

9.04%

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

12.33

12.12

11.89

11.64

11.25

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

419%

364%

351%

315%

198%

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 Reconciliation

$ and shares in millions

(unaudited)

December

September

June

March

December

2012

2012

2012

2012

2011

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

$13,716

$13,718

$13,773

$13,560

$13,201

Goodwill and certain other intangibles

(2,499)

(2,504)

(2,512)

(2,518)

(2,514)

Unrealized gains

(375)

(468)

(454)

(468)

(470)

Qualifying trust preferred securities

810

810

2,248

2,248

2,248

Other

33

38

38

38

38

Tier I capital

11,685

11,594

13,093

12,860

12,503

Less:

Preferred stock

(398)

(398)

(398)

(398)

(398)

Qualifying trust preferred securities

(810)

(810)

(2,248)

(2,248)

(2,248)

Qualifying noncontrolling interest in consolidated subsidiaries

(48)

(51)

(51)

(50)

(50)

Tier I common equity (a)

10,429

10,335

10,396

10,164

9,807

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (b)

109,705

106,858

106,398

105,412

104,945

Ratio:

Tier I common equity (a) / (b)

9.51%

9.67%

9.77%

9.64%

9.35%

Basel III -

Estimates (Amounts in billions)

December

September

June

2012

2012

2012

Tier 1 common equity (Basel I)

$10.4

$10.3

$10.4

Add:

Adjustment related to AOCI for AFS securities

0.5

0.5

0.5

All other adjustments

-

-

-

Estimated Tier 1 common equity under Basel III rules (a)

$10.9

$10.8

$10.9

Estimated risk-weighted assets under Basel III rules (b)

123.7

120.3

119.4

Estimated Tier 1 common equity ratio under Basel III rules

8.8%

9.0%

9.2%

(a)

(b)

For the Three Months Ended

For the Three Months Ended

Tier 1 common equity under Basel III includes the unrealized gains and losses for AFS securities. Other adjustments include mortgage servicing rights and deferred tax assets subject to threshold

limitations and deferred tax liabilities related to intangible assets.

Key differences under Basel III in the calculation of risk-weighted assets compared to Basel I include: (1) Risk weighting for commitments under 1 year; (2) Higher risk weighting for exposures to

residential mortgage, home equity, past due loans, foreign banks and certain commercial real estate; (3) Higher risk weighting for mortgage servicing rights and deferred tax assets that are under

certain thresholds as a percent of Tier 1 capial; (4) Incremental capital requirements for stress VaR; and (5) Derivatives are differentiated between exchange clearing and over-the-counter and the

50% risk-weight cap is removed.

EX-99.3

Exhibit 99.3

January 2013

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) 534-0629 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
	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012		December 31, 2011		September 30, 2011		June 30, 2011		March 31, 2011
Ratios (percent)
Return on assets		1.33		1.23		1.32		1.49		1.08		1.34		1.22		0.97
Return on average common equity		11.5		10.4		11.4		13.1		9.5		11.9		11.0		3.1
Average equity as a percent of average assets		11.65		11.82		11.58		11.49		11.41		11.33		11.12		11.77
Net interest margin (a)		3.49		3.56		3.56		3.61		3.67		3.65		3.62		3.71
Efficiency (a)		65.2		63.7		59.4		58.3		67.5		60.4		59.1		62.5
Net losses charged off as a percent of average loans and leases		0.70		0.75		0.88		1.08		1.19		1.32		1.56		1.92
Allowance for loan and lease losses as a percent of loans and leases		2.16		2.32		2.45		2.59		2.78		3.08		3.35		3.62
Allowance for credit losses as a percent of loans and leases		2.37		2.53		2.66		2.81		3.01		3.32		3.61		3.89
Nonperforming assets as a percent of loans, leases and other assets, including OREO (b)		1.49		1.73		1.96		2.03		2.23		2.44		2.66		2.73
Allowance for loan and lease losses as a percent of nonperforming assets (b)		144		133		125		127		124		125		125		132
Allowance for credit losses as a percent of nonperforming assets (b)		158		145		136		138		134		135		135		142
Common Share Data
Earnings per share	$	0.44	$	0.39	$	0.41	$	0.46	$	0.33	$	0.41	$	0.36	$	0.10
Earnings per diluted share	$	0.43	$	0.38	$	0.40	$	0.45	$	0.33	$	0.40	$	0.35	$	0.10
Cash dividends per common share		0.10		0.10		0.08		0.08		0.08		0.08		0.06		0.06
Book value per share		15.10		14.84		14.56		14.30		13.92		13.73		13.23		12.80
Common shares outstanding, excluding treasury		882,152,057		897,467,317		918,913,253		920,056,340		919,804,436		919,778,512		919,818,137		918,728,008
Market price per share:
High	$	16.16	$	15.95	$	14.67	$	14.73	$	13.08	$	13.09	$	14.15	$	15.75
Low		13.75		13.07		12.04		12.78		9.60		9.13		11.88		13.25
End of period		15.20		15.51		13.40		14.04		12.72		10.10		12.75		13.89
Supplemental Data
Common dividends declared ($ in millions)	$	88	$	89	$	74	$	74	$	74	$	74	$	55	$	55
Full-time equivalent employees		20,798		20,789		20,888		21,206		21,334		21,172		20,953		20,837
Banking centers		1,325		1,320		1,322		1,315		1,316		1,314		1,316		1,310
ATMs		2,415		2,404		2,409		2,404		2,425		2,437		2,456		2,453

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

(b) Excludes nonaccrual loans held for sale.

Page 2

Quarterly Data

	Three Months Ended
	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011
Income Statement ($ in millions)
Interest income (FTE)	$	1,020		$	1,027		$	1,031		$	1,045		$	1,061		$	1,059		$	1,050		$	1,065
Interest expense		117			120			132			142			141			157			181			181
Net interest income (FTE)		903			907			899			903			920			902			869			884
Provision for loan and lease losses		76			65			71			91			55			87			113			168
Noninterest income:
Mortgage banking net revenue		258			200			183			204			156			178			162			102
Service charges on deposits		134			128			130			129			136			134			126			124
Corporate banking revenue		114			101			102			97			82			87			95			86
Investment advisory revenue		93			92			93			96			90			92			95			98
Card and processing revenue		66			65			64			59			60			78			89			80
Other noninterest income		215			78			103			175			24			64			83			81
Securities gains, net		2			2			3			9			5			26			6			8
Securities gains, net—non-qualifying hedges on mortgage servicing rights		(2	)		5			—			—			(3	)		6			—			5
Total noninterest income		880			671			678			769			550			665			656			584
Noninterest expense:
Salaries, wages and incentives		416			399			393			399			393			369			365			351
Employee benefits		96			79			84			112			84			70			79			97
Net occupancy expense		76			76			74			77			79			75			75			77
Technology and communications		52			49			48			47			48			48			48			45
Card and processing expense		31			30			30			30			28			34			29			29
Equipment expense		27			28			27			27			27			28			28			29
Other noninterest expense		465			345			281			281			334			322			277			290
Total noninterest expense		1,163			1,006			937			973			993			946			901			918
Income before income taxes (FTE)		544			507			569			608			422			534			511			382
Taxable equivalent adjustment		4			4			4			5			4			4			5			5
Income before income taxes		540			503			565			603			418			530			506			377
Applicable income tax		144			139			180			173			104			149			169			112
Net income	$	396		$	364		$	385		$	430		$	314		$	381		$	337		$	265
Less: Net income attributable to noncontrolling interests		(3	)		1			—			—			—			—			—			—
Net income attributable to Bancorp	$	399		$	363		$	385		$	430		$	314		$	381		$	337		$	265
Dividends on preferred stock		9			9			9			9			9			8			9			177
Net income available to common shareholders	$	390		$	354		$	376		$	421		$	305		$	373		$	328		$	88
Regulatory Capital Data ($ in millions) (a)
Tier I capital	$	11,685		$	11,594		$	13,093		$	12,860		$	12,503		$	12,266		$	11,972		$	12,129
Tier II capital		4,131			4,183			4,188			4,076			4,382			4,397			4,112			4,046
Total risk-based capital	$	15,816		$	15,777		$	17,281		$	16,936		$	16,885		$	16,663		$	16,084		$	16,175
Risk-weighted assets	$	109,705		$	106,858		$	106,398		$	105,412		$	104,945		$	102,562		$	100,320		$	99,392
Tier I capital ratio		10.65	%		10.85	%		12.31	%		12.20	%		11.91	%		11.96	%		11.93	%		12.20	%
Total risk-based capital ratio		14.42	%		14.76	%		16.24	%		16.07	%		16.09	%		16.25	%		16.03	%		16.27	%
Tier I leverage ratio		10.05	%		10.09	%		11.39	%		11.31	%		11.10	%		11.08	%		11.03	%		11.21	%
Tier I common equity ratio		9.51	%		9.67	%		9.77	%		9.64	%		9.35	%		9.33	%		9.20	%		8.99	%

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

Page 3

Quarterly Data

	As of
	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,441		$	2,490		$	2,393		$	2,235		$	2,663		$	2,348		$	2,380		$	2,121
Available-for-sale and other securities		15,207			15,402			15,552			16,093			15,362			16,227			15,502			15,135
Held-to-maturity securities		284			287			305			321			322			337			344			346
Trading securities		207			205			200			195			177			189			217			216
Other short-term investments		2,421			1,286			1,964			1,628			1,781			2,028			1,370			2,481
Total cash and securities		20,560			19,670			20,414			20,472			20,305			21,129			19,813			20,299
Loans held for sale		2,939			1,802			1,863			1,584			2,954			1,840			1,185			1,291
Portfolio loans and leases		85,782			83,059			82,359			82,113			81,018			79,216			77,967			77,465
Total loans and leases		88,721			84,861			84,222			83,697			83,972			81,056			79,152			78,756
Allowance for loan and lease losses		(1,854	)		(1,925	)		(2,016	)		(2,126	)		(2,255	)		(2,439	)		(2,614	)		(2,805	)
Bank premises and equipment		2,542			2,520			2,506			2,485			2,447			2,410			2,395			2,389
Operating lease equipment		581			542			511			495			497			462			492			513
Goodwill		2,416			2,417			2,417			2,417			2,417			2,417			2,417			2,417
Intangible assets		27			30			33			36			40			45			49			55
Servicing rights		697			679			736			767			681			662			847			894
Other real estate owned		320			356			338			383			429			447			488			514
Other assets		7,885			8,333			8,382			8,121			8,434			8,716			7,766			7,453
Total assets	$	121,895		$	117,483		$	117,543		$	116,747		$	116,967		$	114,905		$	110,805		$	110,485
Liabilities
Deposits:
Demand	$	30,023		$	27,606		$	26,251		$	26,385		$	27,600		$	24,547		$	22,589		$	22,066
Interest checking		24,477			22,891			23,197			23,971			20,392			18,616			18,072			18,597
Savings		19,879			20,624			22,011			22,245			21,756			21,673			21,764			21,697
Money market		6,875			5,285			4,223			4,275			4,989			5,448			4,859			5,184
Foreign office		885			1,059			1,265			1,251			3,250			3,139			3,271			3,569
Other time		4,015			4,167			4,261			4,446			4,638			5,439			6,399			7,043
Certificates—$100,000 and over		3,284			2,978			3,065			3,162			3,039			3,092			3,642			4,160
Other foreign office		79			78			—			56			46			93			2			1
Total deposits		89,517			84,688			84,273			85,791			85,710			82,047			80,598			82,317
Federal funds purchased		901			686			641			319			346			427			403			332
Other short-term borrowings		6,280			5,503			4,613			2,877			3,239			4,894			2,702			1,297
Other liabilities		4,348			4,710			4,507			4,502			4,739			4,679			4,349			3,792
Long-term debt		7,085			8,127			9,685			9,648			9,682			9,800			10,152			10,555
Total liabilities		108,131			103,714			103,719			103,137			103,716			101,847			98,204			98,293
Equity
Common and preferred equity		13,975			13,648			13,402			13,154			12,795			12,552			12,242			12,025
Net unrealized gains (losses):
Available-for-sale securities		412			494			476			487			485			519			397			277
Qualifying cash flow hedges		50			62			69			73			80			91			68			58
Accumulated other comprehensive income related to employee benefit plans		(87	)		(88	)		(91	)		(92	)		(95	)		(68	)		(69	)		(72	)
Treasury stock, at cost		(634	)		(398	)		(83	)		(62	)		(64	)		(65	)		(66	)		(125	)
Total Bancorp shareholders’ equity		13,716			13,718			13,773			13,560			13,201			13,029			12,572			12,163
Noncontrolling interest		48			51			51			50			50			29			29			29
Total equity		13,764			13,769			13,824			13,610			13,251			13,058			12,601			12,192
Total liabilities and equity	$	121,895		$	117,483		$	117,543		$	116,747		$	116,967		$	114,905		$	110,805		$	110,485
Share Data
Preferred shares outstanding		16,450			16,450			16,450			16,450			16,450			16,450			16,450			16,450
Common shares outstanding, excluding treasury		882,152,057			897,467,317			918,913,253			920,056,340			919,804,436			919,778,512			919,818,137			918,728,008
Treasury shares held		41,740,524			26,425,263			4,979,328			3,836,240			4,088,144			4,114,068			4,074,443			5,164,573

Page 4

Quarterly Data

	Three Months Ended
	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	86,180		$	84,829		$	84,508		$	83,757		$	82,278		$	80,013		$	79,153		$	79,379
Taxable securities		15,187			15,005			15,548			15,313			15,270			15,790			15,115			15,156
Tax exempt securities		57			48			62			59			58			64			96			197
Other short-term investments		1,521			1,535			1,558			1,363			1,915			2,288			1,981			1,937
Total interest-earning assets		102,945			101,417			101,676			100,492			99,521			98,155			96,345			96,669
Cash and due from banks		2,442			2,368			2,264			2,345			2,418			2,362			2,356			2,268
Other assets		15,468			15,749			15,835			15,734			15,758			15,381			15,298			14,897
Allowance for loan and lease losses		(1,912	)		(2,013	)		(2,121	)		(2,246	)		(2,429	)		(2,603	)		(2,799	)		(2,990	)
Total assets	$	118,943		$	117,521		$	117,654		$	116,325		$	115,268		$	113,295		$	111,200		$	110,844
Liabilities
Interest-bearing liabilities:
Interest checking	$	23,556		$	22,967		$	23,548		$	22,308		$	19,263		$	18,322		$	18,701		$	18,539
Savings		20,216			21,283			22,143			21,944			21,715			21,747			21,817			21,324
Money market		6,026			4,776			4,258			4,543			5,255			5,213			5,009			5,136
Foreign office		1,174			1,345			1,321			2,277			3,325			3,255			3,805			3,580
Other time		4,094			4,224			4,359			4,551			4,960			6,008			6,738			7,363
Certificates—$100,000 and over		3,084			3,016			3,130			3,178			3,085			3,376			3,955			4,226
Other foreign office		32			32			23			19			16			7			2			1
Federal funds purchased		794			664			408			370			348			376			344			310
Other short-term borrowings		4,553			4,856			4,303			3,261			3,793			4,033			1,605			1,638
Long-term debt		7,891			8,863			9,669			9,768			9,707			10,136			10,527			10,255
Total interest-bearing liabilities		71,420			72,026			73,162			72,219			71,467			72,473			72,503			72,372
Demand deposits		29,223			27,127			26,351			26,063			26,069			23,677			22,174			21,582
Other liabilities		4,394			4,430			4,462			4,627			4,536			4,275			4,129			3,809
Total liabilities		105,037			103,583			103,975			102,909			102,072			100,425			98,806			97,763
Equity		13,906			13,938			13,679			13,416			13,196			12,870			12,394			13,081
Total liabilities and equity	$	118,943		$	117,521		$	117,654		$	116,325		$	115,268		$	113,295		$	111,200		$	110,844
Average loans and leases (excluding held for sale)	$	83,943		$	82,888		$	82,586		$	81,500		$	79,914		$	78,620		$	77,937		$	77,636
Average common shares outstanding:
Basic		884,676,065			904,474,989			913,540,510			915,225,816			914,996,543			914,946,545			914,600,600			880,829,800
Diluted		925,585,306			944,820,608			954,622,463			957,415,527			956,348,893			955,490,439			955,477,616			894,841,321

Page 5

Quarterly Data

	Three Months Ended
	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	36,077		$	33,357		$	32,625		$	32,203		$	30,828		$	29,324		$	28,155		$	27,431
Commercial mortgage		9,116			9,368			9,697			9,976			10,214			10,435			10,331			10,617
Commercial construction		707			683			834			916			1,037			1,239			1,805			2,020
Commercial leases		3,549			3,549			3,471			3,512			3,531			3,368			3,326			3,367
Subtotal—commercial		49,449			46,957			46,627			46,607			45,610			44,366			43,617			43,435
Consumer:
Residential mortgage		14,873			13,449			13,218			12,523			13,474			11,878			10,838			10,556
Home equity		10,018			10,238			10,377			10,493			10,719			10,920			11,048			11,222
Automobile loans		11,972			11,912			11,739			11,832			11,827			11,593			11,315			11,129
Credit card		2,097			1,994			1,943			1,896			1,978			1,878			1,856			1,821
Other consumer loans and leases		312			311			318			346			364			421			478			593
Subtotal—consumer		39,272			37,904			37,595			37,090			38,362			36,690			35,535			35,321
Total loans and leases	$	88,721		$	84,861		$	84,222		$	83,697		$	83,972		$	81,056		$	79,152		$	78,756
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	34,311		$	33,124		$	32,770		$	31,421		$	29,954		$	28,824		$	27,970		$	27,404
Commercial mortgage		9,209			9,592			9,873			10,077			10,350			10,140			10,491			10,816
Commercial construction		697			751			886			1,008			1,155			1,777			1,950			2,085
Commercial leases		3,509			3,483			3,471			3,543			3,352			3,300			3,349			3,364
Subtotal—commercial		47,726			46,950			47,000			46,049			44,811			44,041			43,760			43,669
Consumer:
Residential mortgage		14,028			13,458			13,059			12,928			12,638			11,224			10,655			10,736
Home equity		10,129			10,312			10,430			10,606			10,810			10,985			11,144			11,376
Automobile loans		11,944			11,812			11,755			11,882			11,696			11,445			11,188			11,070
Credit card		2,029			1,971			1,915			1,926			1,906			1,864			1,834			1,852
Other consumer loans and leases		324			326			349			366			417			454			572			676
Subtotal—consumer		38,454			37,879			37,508			37,708			37,467			35,972			35,393			35,710
Total average loans and leases	$	86,180		$	84,829		$	84,508		$	83,757		$	82,278		$	80,013		$	79,153		$	79,379
Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	665		$	808		$	1,002		$	994		$	1,058		$	1,134		$	1,240		$	1,287
Nonaccrual loans held for sale		25			38			55			110			131			171			147			184
Restructured loans—commercial (non accrual) held for sale		4			5			5			7			7			26			29			32
Restructured loans and leases (non accrual) portfolio		364			345			340			358			380			404			399			358
Other assets, including other real estate owned		257			293			277			321			378			406			449			481
Total nonperforming assets	$	1,315		$	1,489		$	1,679		$	1,790		$	1,954		$	2,141		$	2,264		$	2,342
Ninety days past due loans and leases	$	195		$	201		$	203		$	216		$	200		$	274		$	279		$	266
Nonperforming Loans ($ in millions)(non-accrual plus renegotiated)
Commercial and industrial loans and leases	$	345		$	401		$	471		$	489		$	544		$	646		$	684		$	652
Commercial mortgage		296			356			449			470			497			513			558			559
Commercial construction loans		85			93			123			146			156			194			187			208
Consumer mortgage and construction		237			254			260			265			275			276			272			261
Other consumer loans and leases		95			93			99			99			104			108			114			181
Total nonperforming loans and leases (including held for sale)	$	1,058		$	1,197		$	1,402		$	1,469		$	1,576		$	1,737		$	1,815		$	1,861
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(177	)	$	(188	)	$	(219	)	$	(253	)	$	(280	)	$	(294	)	$	(343	)	$	(397	)
Recoveries		30			32			38			33			41			32			39			30
Net losses charged off	$	(147	)	$	(156	)	$	(181	)	$	(220	)	$	(239	)	$	(262	)	$	(304	)	$	(367	)

Page 6

EX-99.4

Exhibit 99.4

January 2013

ANNUAL FINANCIAL SUPPLEMENT

Investment Community Member:

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

Numbers are unaudited for year-end information.

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

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

Yearly Data

	Years Ended December 31,
	2012		2011		2010		2009		2008
Ratios (percent)
Return on assets		1.34		1.15		0.67		0.64		(1.85	)
Return on average common equity		11.6		9.0		5.0		5.6		(23.0	)
Average equity as a percent of average assets		11.65		11.41		12.22		11.36		8.78
Net interest margin (a)		3.55		3.66		3.66		3.32		3.54
Efficiency (a)		61.7		62.3		60.7		46.9		70.4
Net losses charged off as a percent of average loans and leases		0.85		1.49		3.02		3.20		3.23
Allowance for loan and lease losses as a percent of loans and leases		2.16		2.78		3.88		4.88		3.31
Allowance for credit losses as a percent of loans and leases		2.37		3.01		4.17		5.27		3.54
Nonperforming assets as a percent of loans, leases and other assets, including OREO (b)		1.49		2.23		2.79		4.22		2.38
Allowance for loan and lease losses as a percent of nonperforming assets (b)		144		124		138		116		139
Allowance for credit losses as a percent of nonperforming assets (b)		158		134		149		125		149
Common Share Data
Earnings per share	$	1.69	$	1.20	$	0.63	$	0.73	$	(3.91	)
Earnings per diluted share		1.66		1.18		0.63		0.67		(3.91	)
Cash dividends per common share		0.36		0.28		0.04		0.04		0.75
Book value per share		15.10		13.92		13.06		12.44		13.57
Common shares outstanding, excluding treasury		882,152,057		919,804,436		796,272,522		795,068,164		577,386,612
Market price per share:
High	$	16.16	$	15.75	$	15.95	$	11.20	$	28.58
Low		12.04		9.13		9.81		1.01		6.32
Close		15.20		12.72		14.68		9.75		8.26
Supplemental Data
Common dividends declared ($ in millions)	$	325	$	257	$	32	$	29	$	413
Full-time equivalent employees		20,798		21,334		20,838		20,998		21,476
Banking centers		1,325		1,316		1,312		1,309		1,307
ATMs		2,415		2,425		2,445		2,358		2,341

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

(b) Excludes nonaccrual loans held for sale.

Page 2

Yearly Data

	Years Ended December 31,
	2012			2011			2010			2009			2008
Income Statement ($ in millions)
Interest income (FTE)	$	4,125		$	4,236		$	4,507		$	4,687		$	5,630
Interest expense		512			661			885			1,314			2,094
Net interest income (FTE)		3,613			3,575			3,622			3,373			3,536
Provision for loan and lease losses		303			423			1,538			3,543			4,560
Noninterest income:
Service charges on deposits		522			520			574			632			641
Investment advisory revenue		374			375			361			326			366
Corporate banking revenue		413			350			364			372			431
Mortgage banking net revenue		845			597			647			553			199
Card and processing revenue		253			308			316			615			912
Gain on sale of processing business		—			—			—			1,758			—
Other noninterest income		574			250			406			479			363
Securities gains (losses), net		15			46			47			(10	)		(86	)
Securities gains, net—non-qualifying hedges on mortgage servicing rights		3			9			14			57			120
Total noninterest income		2,999			2,455			2,729			4,782			2,946
Noninterest expense:
Salaries, wages, and incentives		1,607			1,478			1,430			1,339			1,337
Employee benefits		371			330			314			311			278
Net occupancy expense		302			305			298			308			300
Technology and communications		196			188			189			181			191
Equipment expense		110			113			122			123			130
Card and processing expense		121			120			108			193			274
Other noninterest expense		1,374			1,224			1,394			1,371			2,054
Total noninterest expense		4,081			3,758			3,855			3,826			4,564
Income (loss) before income taxes and cumulative effect (FTE)		2,228			1,849			958			786			(2,642	)
Taxable equivalent adjustment		18			18			18			19			22
Income (loss) before income taxes and cumulative effect		2,210			1,831			940			767			(2,664	)
Applicable income taxes		636			533			187			30			(551	)
Net income (loss)	$	1,574		$	1,298		$	753		$	737		$	(2,113	)
Less: Net income attributable to noncontrolling interests		(2	)		1			—			—			—
Net income (loss) attributable to Bancorp		1,576			1,297			753			737			(2,113	)
Dividend on preferred stock		35			203			250			226			67
Net income (loss) available to common shareholders	$	1,541		$	1,094		$	503		$	511		$	(2,180	)
Regulatory Capital Data ($ in millions) (a)
Tier I capital	$	11,685		$	12,503		$	13,965		$	13,428		$	11,924
Tier II capital		4,131			4,382			4,208			4,207			4,722
Total risk-based capital	$	15,816		$	16,885		$	18,173		$	17,635		$	16,646
Risk-weighted assets	$	109,705		$	104,945		$	100,193		$	100,933		$	112,622
Tier I capital ratio		10.65	%		11.91	%		13.94	%		13.30	%		10.59	%
Total risk-based capital ratio		14.42	%		16.09	%		18.14	%		17.48	%		14.78	%
Tier I leverage ratio		10.05	%		11.10	%		12.79	%		12.34	%		10.27	%
Tier I common equity ratio		9.51	%		9.35	%		7.50	%		6.99	%		4.37	%

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

Page 3

Yearly Data

	Years Ended December 31,
	2012			2011			2010			2009			2008
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,441		$	2,663		$	2,159		$	2,318		$	2,739
Available-for-sale securities		15,207			15,362			15,414			18,213			12,728
Held-to-maturity securities		284			322			353			355			360
Trading securities		207			177			294			355			1,191
Other short-term investments		2,421			1,781			1,515			3,369			3,578
Total cash and securities		20,560			20,305			19,735			24,610			20,596
Loans held for sale		2,939			2,954			2,216			2,067			1,452
Portfolio loans and leases		85,782			81,018			77,491			76,779			84,143
Total loans and leases		88,721			83,972			79,707			78,846			85,595
Allowance for loan and lease losses		(1,854	)		(2,255	)		(3,004	)		(3,749	)		(2,787	)
Bank premises and equipment		2,542			2,447			2,389			2,400			2,494
Operating lease equipment		581			497			479			499			463
Goodwill		2,416			2,417			2,417			2,417			2,624
Intangible assets		27			40			62			106			168
Servicing rights		697			681			822			700			499
Other real estate owned		320			429			506			300			231
Other assets		7,885			8,434			7,894			7,251			9,881
Total assets	$	121,895		$	116,967		$	111,007		$	113,380		$	119,764
Liabilities
Deposits:
Demand	$	30,023		$	27,600		$	21,413		$	19,411		$	15,287
Interest checking		24,477			20,392			18,560			19,935			14,222
Savings		19,879			21,756			20,903			17,898			16,063
Money market		6,875			4,989			5,035			4,431			4,689
Foreign Office		885			3,250			3,721			2,454			2,144
Other time		4,015			4,638			7,728			12,466			14,350
Certificates—$100,000 and over		3,284			3,039			4,287			7,700			11,851
Other foreign office		79			46			1			10			7
Total deposits		89,517			85,710			81,648			84,305			78,613
Federal funds purchased		901			346			279			182			287
Other short-term borrowings		6,280			3,239			1,574			1,415			9,959
Other liabilities		4,348			4,739			3,868			3,474			5,243
Long-term debt		7,085			9,682			9,558			10,507			13,585
Total liabilities		108,131			103,716			96,927			99,883			107,687
Equity
Common and preferred equity		13,975			12,795			13,867			13,457			12,208
Net unrealized gains (losses):
Available-for-sale securities		412			485			321			216			115
Qualifying cash flow hedges		50			80			67			105			88
Accumulated other comprehensive income related to employee benefit plans		(87	)		(95	)		(74	)		(80	)		(105	)
Treasury stock, at cost		(634	)		(64	)		(130	)		(201	)		(229	)
Total shareholder’s equity		13,716			13,201			14,051			13,497			12,077
Noncontrolling interest		48			50			29			—			—
Total Equity		13,764			13,251			14,080			13,497			12,077
Total liabilities & equity	$	121,895		$	116,967		$	111,007		$	113,380		$	119,764
Share Data
Preferred shares outstanding		16,450			16,450			152,771			152,771			180,620
Common shares outstanding, excluding treasury		882,152,057			919,804,436			796,272,522			795,068,164			577,386,612
Treasury shares held		41,740,524			4,088,144			5,231,665			6,436,023			6,040,492

Page 4

Yearly Data

	Years Ended December 31,
	2012			2011			2010			2009			2008
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	84,822		$	80,214		$	79,232		$	83,391		$	85,835
Taxable securities		15,262			15,334			16,054			15,897			13,082
Tax exempt securities		57			103			317			1,203			342
Other short-term investments		1,495			2,031			3,328			1,035			621
Total interest-earning assets		101,636			97,682			98,931			101,526			99,880
Cash and due from banks		2,355			2,352			2,245			2,329			2,490
Other assets		15,695			15,335			14,841			14,266			13,411
Allowance for loan and lease losses		(2,072	)		(2,703	)		(3,583	)		(3,265	)		(1,485	)
Total assets	$	117,614		$	112,666		$	112,434		$	114,856		$	114,296
Liabilities
Interest-bearing liabilities:
Interest checking	$	23,096		$	18,707		$	18,218		$	15,070		$	14,191
Savings		21,393			21,652			19,612			16,875			16,192
Money market		4,903			5,154			4,808			4,320			6,127
Foreign office		1,528			3,490			3,355			2,108			2,153
Other time		4,306			6,260			10,526			14,103			11,135
Certificates—$100,000 and over		3,102			3,656			6,083			10,367			9,532
Other foreign office		27			7			6			157			2,066
Federal funds purchased		560			345			291			517			2,975
Short-term borrowings		4,246			2,777			1,635			6,463			7,785
Long-term debt		9,043			10,154			10,902			11,035			13,903
Total interest-bearing liabilities		72,204			72,202			75,436			81,015			86,059
Demand deposits		27,196			23,389			19,669			16,862			14,017
Other liabilities		4,462			4,189			3,580			3,926			4,182
Total liabilities		103,862			99,780			98,685			101,803			104,258
Equity		13,752			12,886			13,749			13,053			10,038
Total liabilities & equity	$	117,614		$	112,666		$	112,434		$	114,856		$	114,296
Average loans and leases (excluding held for sale)	$	82,733		$	78,533		$	77,045		$	80,681		$	83,895
Average common shares outstanding:
Basic		904,425,226			906,460,550			790,852,185			696,452,466			553,112,898
Diluted		945,554,102			949,545,420			799,381,153			726,508,263			553,112,898

Page 5

Yearly Data

	Years Ended December 31,
	2012			2011			2010			2009			2008
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial loans	$	36,077		$	30,828		$	27,274		$	25,687		$	29,220
Commercial mortgage		9,116			10,214			10,992			11,936			12,952
Commercial construction		707			1,037			2,111			3,871			5,114
Commercial leases		3,549			3,531			3,378			3,535			3,666
Subtotal—commercial		49,449			45,610			43,755			45,029			50,952
Consumer:
Residential mortgage		14,873			13,474			10,858			9,845			10,292
Home equity		10,018			10,719			11,513			12,174			12,752
Automobile loans		11,972			11,827			10,983			8,995			8,594
Credit card		2,097			1,978			1,896			1,990			1,811
Other consumer loans and leases		312			364			702			813			1,198
Subtotal—consumer		39,272			38,362			35,952			33,817			34,647
Total loans and leases	$	88,721		$	83,972		$	79,707		$	78,846		$	85,599
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial loans	$	32,911		$	28,546		$	26,334		$	27,556		$	28,426
Commercial mortgage		9,686			10,447		$	11,585			12,511			12,776
Commercial construction		835			1,740		$	3,066			4,638			5,846
Commercial leases		3,502			3,341		$	3,343			3,543			3,680
Subtotal—commercial		46,934			44,074		$	44,328			48,248			50,728
Consumer:
Residential mortgage		13,370			11,318		$	9,868			10,886			10,993
Home equity		10,369			11,077		$	11,996			12,534			12,269
Automobile loans		11,849			11,352		$	10,427			8,807			8,925
Credit card		1,960			1,864		$	1,870			1,907			1,708
Other consumer loans and leases		340			529		$	743			1,009			1,213
Subtotal—consumer		37,888			36,140		$	34,904			35,143			35,108
Total average loans and leases	$	84,822		$	80,214		$	79,232		$	83,391		$	85,836
Asset Quality ($ in millions)
Nonaccrual loans and leases	$	665		$	1,058		$	1,333		$	2,642		$	1,696
Nonaccrual loans held for sale		25			131			247			220			473
Restructured loans—commercial (non accrual) held for sale		4			7			47			4			—
Restructured loans and leases (non accrual) portfolio		364			380			347			305			80
Other assets, including other real estate owned		257			378			494			297			230
Total nonperforming assets	$	1,315		$	1,954		$	2,468		$	3,468		$	2,479
Ninety days past due loans and leases	$	195		$	200		$	317		$	567		$	662
Nonperforming Loans ($ in millions)(non-accrual plus renegotiated)
Commercial and industrial loans and leases	$	345		$	544			753			840			586
Commercial mortgage		296			497			581			1,035			715
Commercial construction loans		85			156			258			741			578
Consumer mortgage and construction		237			275			268			412			279
Other consumer loans and leases		95			104			114			144			91
Total nonperforming loans and leases (including held for sale)	$	1,058		$	1,576		$	1,974		$	3,172		$	2,249
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(837	)	$	(1,314	)	$	(2,484	)	$	(2,719	)	$	(2,792	)
Recoveries		133			142			156			138			82
Net losses charged off	$	(704	)	$	(1,172	)	$	(2,328	)	$	(2,581	)	$	(2,710	)

Page 6