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.