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 April 18, 2013

FIFTH THIRD ANNOUNCES FIRST QUARTER 2013 NET INCOME TO COMMON SHAREHOLDERS OF $413 MILLION OR $0.46 PER SHARE

• 1Q13 net income available to common shareholders of $413 million, or $0.46 per diluted common share, vs. $390 million or $0.43 per share in 4Q12, up 7% and $421 million or $0.45 per share in 1Q12, up 2%

• 1Q13 results included a benefit of $34 million pre-tax (~$22 million after-tax, or ~$0.02 per share) on the valuation of the warrant Fifth Third holds in Vantiv

• Significant items in 4Q12 included a positive net pre-tax impact related to Vantiv shares and warrants of $138 million (~$90 million after tax, or ~$0.10 per share) and pre-tax expense for FHLB debt extinguishment of $134 million (~$87 million after-tax, or ~$0.09 per share); significant 1Q12 items included a positive net pre-tax impact related to Vantiv shares and warrants of $127 million (~$83 million after-tax, or ~$0.09 per share)

• Excluding these items, earnings per diluted common share of $0.44^ increased $0.08, or 22%, from 1Q12

• 1Q13 return on assets (ROA) of 1.41%; return on average common equity of 12.5%; return on average tangible common equity** of 15.4%

• Pre-provision net revenue (PPNR)** of $653 million in 1Q13

• Net interest income (FTE) of $893 million, down 1% sequentially due primarily to lower day count; net interest margin 3.42%; average portfolio loans up 2% sequentially driven by 6% sequential growth in C&I loans

• Noninterest income of $743 million included $34 million gain on Vantiv warrant and $17 million in investment securities gains; compared with $880 million in prior quarter which included net gains of $138 million related to Vantiv shares and warrant

• Noninterest expense of $978 million, down 16% from 4Q12 which included FHLB debt termination charge

• 1Q13 effective tax rate of 30.4% compared with 26.8% in 4Q12 and 28.6% in 1Q12; 1Q13 income taxes included seasonal increase of $12 million related to expiration of stock options; 4Q12 income taxes included $10 million benefit from the termination of certain leases

• Credit trends remain favorable

• 1Q13 net charge-offs of $133 million (0.63% of loans and leases) vs. 4Q12 NCOs of $147 million and 1Q12 NCOs of $220 million; lowest NCO level since 2Q07; 1Q13 provision expense of $62 million compared with 4Q12 provision of $76 million and 1Q12 provision of $91 million

• Loan loss allowance decreased $71 million sequentially reflecting continued improvement in credit trends; allowance to loan ratio of 2.08%, 147% of nonperforming assets, 187% of nonperforming loans and leases, and 3.3 times 1Q13 annualized net charge-offs

• Total nonperforming assets (NPAs) of $1.2 billion including loans held-for-sale (HFS) declined $86 million, or 7%, sequentially; portfolio NPA ratio of 1.41% down 8 bps from 4Q12, NPL ratio of 1.11% down 8 bps from 4Q12

• Total delinquencies (includes loans 30-89 days past due and over 90 days past due) at lowest levels since 1Q01

• Strong capital ratios*

• Tier 1 common ratio 9.70%**, up 19 bps sequentially (Basel III pro forma estimate of ~8.9%)

• Tier 1 capital ratio 10.83%, Total capital ratio 14.35%, Leverage ratio 10.03%

• Tangible common equity ratio** of 9.03% excluding unrealized gains/losses; 9.28% including them

• Repurchased ~8 million common shares in 1Q13; average share count reduced by 14 million shares including impact from 4Q12 and 1Q13 share repurchases; new 100 million share repurchase authorization in March

• Book value per share of $15.42; tangible book value per share** of $12.62 up 2% from 4Q12 and 8% from 1Q12

* 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 33.

^ Non-GAAP measure. This measure has been included herein to facilitate a greater understanding of the Bancorp’s financial condition.

Fifth Third Bancorp (Nasdaq: FITB) today reported first quarter 2013 net income of $422 million, compared with net income of $399 million in the fourth quarter of 2012 and net income of $430 million in the first quarter of 2012. After preferred dividends, first quarter 2013 net income available to common shareholders was $413 million, or $0.46 per diluted share, compared with fourth quarter net income of $390 million, or $0.43 per diluted share, and net income of $421 million, or $0.45 per diluted share, in the first quarter of 2012.

First quarter 2013 noninterest income results included a $34 million positive valuation adjustment on the Vantiv warrant; a $7 million gain on the sale of certain Fifth Third Asset Management (FTAM) advisory contracts; and a $7 million charge related to the valuation of the Visa total return swap. Net gains on investment securities were $17 million. First quarter 2013 noninterest expense results included a $9 million benefit from the sale of affordable housing investments and $9 million in charges to increase litigation reserves. First quarter income tax expense was higher by $12 million due to the seasonal expiration of employee stock options.

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.

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

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Earnings Highlights

	For the Three Months Ended															% Change
	March			December			September			June			March
	2013			2012			2012			2012			2012			Seq			Yr/Yr
Earnings ($ in millions)
Net income attributable to Bancorp	$	422		$	399		$	363		$	385		$	430			6	%		(2	%)
Net income available to common shareholders	$	413		$	390		$	354		$	376		$	421			6	%		(2	%)
Common Share Data
Earnings per share, basic		0.47			0.44			0.39			0.41			0.46			7	%		2	%
Earnings per share, diluted		0.46			0.43			0.38			0.40			0.45			7	%		2	%
Cash dividends per common share		0.11			0.10			0.10			0.08			0.08			10	%		38	%
Financial Ratios
Return on average assets		1.41	%		1.33	%		1.23	%		1.32	%		1.49	%		6	%		(5	%)
Return on average common equity		12.5			11.5			10.4			11.4			13.1			9	%		(4	%)
Return on average tangible common equity		15.4			14.1			12.8			14.1			16.2			9	%		(5	%)
Tier I capital		10.83			10.65			10.85			12.31			12.20			2	%		(11	%)
Tier I common equity		9.70			9.51			9.67			9.77			9.64			2	%		1	%
Net interest margin(a)		3.42			3.49			3.56			3.56			3.61			(2	%)		(5	%)
Efficiency(a)		59.8			65.2			63.7			59.4			58.3			(8	%)		3	%
Common shares outstanding (in thousands)		874,645			882,152			897,467			918,913			920,056			(1	%)		(5	%)
Average common shares outstanding
(in thousands):
Basic		870,923			884,676			904,475			913,541			915,226			(2	%)		(5	%)
Diluted		913,163			925,585			944,821			954,622			957,416			(1	%)		(5	%)

(a) Presented on a fully taxable equivalent basis

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

“First quarter earnings results demonstrated continued strong momentum for Fifth Third,” said Kevin Kabat, CEO of Fifth Third Bancorp. “Net income to common shareholders of $413 million was among the best results in company history. Return on average assets was 1.41 percent and return on average tangible common equity* was 15.4 percent.

“Loan growth remained strong and net interest income results were higher than expected. Average loans increased 2 percent sequentially, driven by 4 percent growth in average commercial loans with continued strength in C&I lending, up 6 percent from the fourth quarter. Residential mortgage lending also remained strong. Fee income results were solid despite the negative effects of seasonality in the first quarter.

“Credit trends continued to be favorable, with net charge-offs declining 10 percent, to 0.63 percent of average loans and leases, the lowest level since the second quarter of 2007. Nonperforming assets declined 7 percent. Loan loss reserve levels and coverage ratios remain strong at 2.08 percent of loans and 187 percent of nonperforming portfolio loans.

“We completed our repurchase activity related to our 2012 capital plan in early April. Total repurchases in 2012 and the first quarter of 2013 were 50 million shares, including those related to after-tax gains on the sale of Vantiv shares. Period end shares have declined 5 percent since year-end 2011. Despite these actions, our strong common equity capital ratios have increased 35 basis points over this period. Additionally, in March, we announced a 10 percent increase in the

* Non-GAAP measure; see Reg. G reconciliation on page 33.

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quarterly common stock dividend, to $0.11. 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
	March			December			September		June		March
	2013			2012			2012		2012		2012		Seq			Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	893		$	903		$	907	$	899	$	903		(1	%)		(1	%)
Provision for loan and lease losses		62			76			65		71		91		(18	%)		(31	%)
Total noninterest income		743			880			671		678		769		(16	%)		(3	%)
Total noninterest expense		978			1,163			1,006		937		973		(16	%)		—
Income before income taxes (taxable equivalent)		596			544			507		569		608		10	%		(2	%)
Taxable equivalent adjustment		5			4			4		4		5		4	%		1	%
Applicable income taxes		179			144			139		180		173		24	%		4	%
Net income		412			396			364		385		430		4	%		(4	%)
Less: Net income attributable to noncontrolling interest		(10	)		(3	)		1		—		—		NM			NM
Net income attributable to Bancorp		422			399			363		385		430		6	%		(2	%)
Dividends on preferred stock		9			9			9		9		9		—			—
Net income available to common shareholders		413			390			354		376		421		6	%		(2	%)
Earnings per share, diluted	$	0.46		$	0.43		$	0.38	$	0.40	$	0.45		7	%		2	%

Net Interest Income

	For the Three Months Ended															% Change
	March 2013			December 2012			September 2012			June 2012			March 2012			Seq			Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,000		$	1,020		$	1,027		$	1,031		$	1,045			(2	%)		(4	%)
Total interest expense		107			117			120			132			142			(8	%)		(25	%)
Net interest income (taxable equivalent)	$	893		$	903		$	907		$	899		$	903			(1	%)		(1	%)
Average Yield
Yield on interest-earning assets (taxable equivalent)		3.84	%		3.94	%		4.03	%		4.08	%		4.18	%		(3	%)		(8	%)
Yield on interest-bearing liabilities		0.59	%		0.65	%		0.67	%		0.73	%		0.79	%		(10	%)		(26	%)
Net interest rate spread (taxable equivalent)		3.25	%		3.29	%		3.36	%		3.35	%		3.39	%		(1	%)		(4	%)
Net interest margin (taxable equivalent)		3.42	%		3.49	%		3.56	%		3.56	%		3.61	%		(2	%)		(5	%)
Average Balances ($ in millions)
Loans and leases, including held for sale	$	88,880		$	86,180		$	84,829		$	84,508		$	83,757			3	%		6	%
Total securities and other short-term investments		16,846			16,765			16,588			17,168			16,735			—			1	%
Total interest-earning assets		105,726			102,945			101,417			101,676			100,492			3	%		5	%
Total interest-bearing liabilities		74,038			71,420			72,026			73,162			72,219			4	%		3	%
Bancorp shareholders’ equity		13,779			13,855			13,887			13,628			13,366			(1	%)		3	%

Net interest income of $893 million on a fully taxable equivalent basis decreased $10 million from the fourth quarter and reflected a $12 million decrease due to lower day count in the first quarter. Excluding the impact of day count, the benefit of loan growth partially offset the effect of loan repricing and lower reinvestment rates on the securities portfolio. Net interest income also benefited from a decline in interest expense driven by a reduction in long-term debt expense reflecting the full quarter impact of the FHLB debt termination in the fourth quarter of approximately $9 million.

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The net interest margin was 3.42 percent, a decrease of 7 bps from 3.49 percent in the previous quarter. The decline in net interest margin was primarily driven by lower loan and securities yields and was partially offset by the benefit of 3 bps from the full quarter impact of the FHLB debt termination in the fourth quarter and 2 bps from the effect of lower day count in the first quarter.

Compared with the first quarter of 2012, net interest income decreased $10 million and the net interest margin decreased 19 bps, driven by lower asset yields partially offset by higher average loan balances, lower long-term debt expense, 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 first quarter of 2013 compared with $16.8 billion in the previous quarter and $16.7 billion in the first quarter of 2012.

Loans

	For the Three Months Ended										% Change
	March 2013		December 2012		September 2012		June 2012		March 2012		Seq			Yr/Yr
Average Portfolio Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	36,395	$	34,301	$	33,111	$	32,734	$	31,371		6	%		16	%
Commercial mortgage		8,965		9,193		9,567		9,810		10,007		(2	%)		(10	%)
Commercial construction		695		686		742		873		992		1	%		(30	%)
Commercial leases		3,556		3,509		3,481		3,469		3,543		1	%		—
Subtotal—commercial loans and leases		49,611		47,689		46,901		46,886		45,913		4	%		8	%
Consumer:
Residential mortgage loans		12,096		11,846		11,578		11,274		10,828		2	%		12	%
Home equity		9,872		10,129		10,312		10,430		10,606		(3	%)		(7	%)
Automobile loans		11,961		11,944		11,812		11,755		11,882		—			1	%
Credit card		2,069		2,029		1,971		1,915		1,926		2	%		7	%
Other consumer loans and leases		294		306		314		326		345		(4	%)		(15	%)
Subtotal—consumer loans and leases		36,292		36,254		35,987		35,700		35,587		—			2	%
Total average loans and leases (excluding held for sale)	$	85,903	$	83,943	$	82,888	$	82,586	$	81,500		2	%		5	%
Average loans held for sale		2,977		2,237		1,941		1,922		2,257		33	%		32	%

Average loan and lease balances (excluding loans held-for-sale) increased $2.0 billion, or 2 percent, sequentially and increased $4.4 billion, or 5 percent, from the first quarter of 2012. Period end loan and lease balances (excluding loans held-for-sale) decreased $106 million sequentially and increased $3.6 billion, or 4 percent, from a year ago. These comparisons reflect the securitization of $500 million of auto loans in March 2013. This reduced average portfolio loans for the quarter by $169 million.

Average commercial portfolio loan and lease balances were up $1.9 billion, or 4 percent, sequentially and increased $3.7 billion, or 8 percent, from the first quarter of 2012. Average C&I loans increased 6 percent sequentially and 16 percent compared with the first quarter of 2012. Average commercial mortgage and commercial construction loan balances combined declined 2 percent sequentially and 12 percent from the same period in the previous year. Commercial line usage, on an end of period basis, was 31 percent of committed lines in the first quarter of 2013 compared with 31 percent in the fourth quarter of 2012 and 32 percent in the first quarter of 2012.

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Average consumer portfolio loan and lease balances were flat sequentially and increased $705 million, or 2 percent, from the first quarter of 2012. During the quarter, $500 million in auto loans were reclassified to held-for-sale in anticipation of their securitization and sale, which took place at the end of March. This reduced average portfolio loans for the quarter by $169 million. Including that effect, average auto loans were flat sequentially and increased 1 percent from the first quarter of 2012 due to increased originations. Average residential mortgage loans increased 2 percent sequentially and 12 percent from a year ago, reflecting the continued retention of certain shorter term residential mortgage loans. Home equity loan balances declined 3 percent sequentially and 7 percent year-over-year due to lower demand and production.

Average loans held-for-sale balance growth was primarily driven by higher residential mortgage held-for-sale balances as well as auto loans that were moved to held-for-sale prior to being securitized and sold at the end of March. Average loans held-for-sale balances of $3.0 billion increased $740 million sequentially, reflecting a $588 million increase in residential mortgage loans and a $135 million increase in auto loans, and increased $720 million compared with the first quarter of 2012. Period end loans held-for-sale of $2.7 billion decreased $248 million from the previous quarter and increased $1.1 billion from the first quarter of 2012 reflecting fluctuations in residential mortgage held-for-sale balances.

Deposits

	For the Three Months Ended										% Change
	March 2013		December 2012		September 2012		June 2012		March 2012		Seq			Yr/Yr
Average Deposits ($ in millions)
Demand deposits	$	28,565	$	29,223	$	27,127	$	26,351	$	26,063		(2	%)		10	%
Interest checking		23,763		23,556		22,967		23,548		22,308		1	%		7	%
Savings		19,576		20,216		21,283		22,143		21,944		(3	%)		(11	%)
Money market		7,932		6,026		4,776		4,258		4,543		32	%		75	%
Foreign office (a)		1,102		1,174		1,345		1,321		2,277		(6	%)		(52	%)
Subtotal—Transaction deposits		80,938		80,195		77,498		77,621		77,135		1	%		5	%
Other time		3,982		4,094		4,224		4,359		4,551		(3	%)		(13	%)
Subtotal—Core deposits		84,920		84,289		81,722		81,980		81,686		1	%		4	%
Certificates—$100,000 and over		4,017		3,084		3,016		3,130		3,178		30	%		26	%
Other		40		32		32		23		19		25	%		NM
Total deposits	$	88,977	$	87,405	$	84,770	$	85,133	$	84,883		2	%		5	%

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

Average core deposits increased $631 million, or 1 percent, sequentially and increased $3.2 billion, or 4 percent, from the first quarter of 2012. Average transaction deposits, which are included in core deposits, increased $743 million, or 1 percent, from the fourth quarter of 2012 primarily driven by higher money market and interest checking balances, partially offset by lower demand deposits, and savings balances. Year-over-year transaction deposits increased $3.8 billion, or 5 percent, driven by higher money market, demand deposits, and interest checking balances, partially offset by lower savings and foreign office balances. Other time deposits, primarily CDs, decreased 3 percent sequentially and 13 percent compared with the first quarter of 2012.

Commercial average transaction deposits decreased 2 percent sequentially and increased 3 percent from the previous year. Sequential performance reflected lower demand deposit balances due to seasonality and migration to interest checking balances. Year-over-year growth was primarily driven by higher inflows to interest checking, demand deposit and money market account balances, partially offset by lower foreign office balances. Average public funds balances were $5.5 billion compared with $5.0 billion in the fourth quarter of 2012 and $6.2 billion in the first quarter of 2012.

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Consumer average transaction deposits increased 4 percent sequentially and increased 7 percent from the first quarter of 2012. The sequential increase reflected seasonally higher money market and demand deposits, which were partially offset by lower interest checking and savings balances. Year-over-year growth was driven by increased money market, demand deposit, and interest checking 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 13 percent year-over-year driven by maturities of higher-rate CDs.

Wholesale Funding

	For the Three Months Ended										% Change
	March		December		September		June		March
	2013		2012		2012		2012		2012		Seq			Yr/Yr
Average Wholesale Funding ($ in millions)
Certificates—$100,000 and over	$	4,017	$	3,084	$	3,016	$	3,130	$	3,178		30	%		26	%
Other deposits		40		32		32		23		19		25	%		NM
Federal funds purchased		691		794		664		408		370		(13	%)		87	%
Other short-term borrowings		5,429		4,553		4,856		4,303		3,261		19	%		66	%
Long-term debt		7,506		7,891		8,863		9,669		9,768		(5	%)		(23	%)
Total wholesale funding	$	17,683	$	16,354	$	17,431	$	17,533	$	16,596		8	%		7	%

Average wholesale funding of $17.7 billion increased $1.3 billion, or 8 percent, sequentially and increased $1.1 billion, or 7 percent, from the first quarter of 2012. The sequential and year-over-year comparisons reflect the issuance of certificates $100,000 and over and higher short-term borrowings, primarily short-term FHLB borrowings, partially offset by a decrease in long-term debt balances. The reduction in average long-term debt balances reflects the full quarter impact of the $1.0 billion termination of FHLB debt in the fourth quarter partially offset by the partial quarter impact of the issuance of $1.3 billion in bank notes at the end of February 2013.

Noninterest Income

	For the Three Months Ended											% Change
	March		December			September		June		March
	2013		2012			2012		2012		2012		Seq			Yr/Yr
Noninterest Income ($ in millions)
Service charges on deposits	$	131	$	134		$	128	$	130	$	129		(3	%)		1	%
Corporate banking revenue		99		114			101		102		97		(13	%)		2	%
Mortgage banking net revenue		220		258			200		183		204		(15	%)		7	%
Investment advisory revenue		100		93			92		93		96		8	%		4	%
Card and processing revenue		65		66			65		64		59		(1	%)		11	%
Other noninterest income		109		215			78		103		175		(48	%)		(37	%)
Securities gains, net		17		2			2		3		9		NM			92	%
Securities gains (losses), net—non-qualifying hedges on mortgage servicing rights		2		(2	)		5		—		—		NM			NM
Total noninterest income	$	743	$	880		$	671	$	678	$	769		(16	%)		(3	%)

NM: Not Meaningful

Noninterest income of $743 million decreased $137 million sequentially, or 16 percent, and decreased $26 million, or 3 percent, compared with prior year results. The sequential decrease was primarily driven by the $157 million gain from the sale of Vantiv shares in the fourth quarter, partially offset by Vantiv warrant valuation adjustments (gains of $34 million in

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the first quarter of 2013 versus losses of $19 million in the fourth quarter 2012). Otherwise, the sequential comparison reflected lower mortgage banking and corporate banking revenue. The year-over-year comparison primarily reflected the impact to first quarter 2012 results of $115 million in gains from Vantiv’s IPO, $34 million in charges recorded in equity method earnings related to Vantiv’s debt refinancing and related termination charges, and a $46 million positive valuation adjustment on the Vantiv warrant and put option.

First quarter 2013 results also included $7 million in gains on the sale of certain FTAM advisory contracts. Current quarter’s results also included a $7 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 $15 million in the fourth quarter of 2012 and $19 million in the first quarter of 2012. Excluding these items, the aforementioned Vantiv-related impacts, and investment securities gains in all periods, noninterest income of $692 million decreased $63 million, or 8 percent, from the previous quarter and increased $40 million, or 6 percent, from the first quarter of 2012.

Service charges on deposits of $131 million decreased 3 percent from the fourth quarter and increased 1 percent compared with the same quarter last year. Retail service charges decreased 6 percent sequentially due to seasonally lower consumer overdraft occurrences in the first quarter. Compared with the first quarter of 2012, retail service charges decreased 6 percent primarily due to changes in our overdraft policies during 2012. Commercial service charges decreased 1 percent sequentially but increased 6 percent from a year ago. The improved performance year-over-year was primarily due to pricing changes implemented during 2012.

Corporate banking revenue of $99 million decreased 13 percent from the fourth quarter of 2012 driven by lower syndication fees, business lending fees, and derivative fees, which benefited in the fourth quarter from higher activity in anticipation of changes to tax rules. Corporate banking revenue increased 2 percent from the same period last year driven by higher institutional sales and foreign exchange fees as a result of investments in our capital markets capabilities.

Mortgage banking net revenue was $220 million in the first quarter of 2013, a 15 percent decrease from the fourth quarter of 2012 and a 7 percent increase from the first quarter of 2012. First quarter 2013 originations were a record $7.4 billion, compared with $7.0 billion in the previous quarter and $6.4 billion in the first quarter of 2012. First quarter 2013 originations resulted in gains of $169 million on mortgages sold, compared with gains of $239 million during the previous quarter and $174 million during the first quarter of 2012. The decline from the prior quarter and prior year reflected lower gain on sale margins. Mortgage servicing fees this quarter were $61 million, compared with $64 million in the previous quarter and $61 million in the first quarter of 2012. 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 $10 million in the first quarter of 2013 (reflecting MSR amortization of $53 million and MSR valuation adjustments of positive $43 million); negative $45 million in the fourth quarter of 2012 (MSR amortization of $52 million and MSR valuation adjustments of positive $7 million); and negative $31 million in the first quarter of 2012 (MSR amortization of $46 million and MSR valuation adjustments of positive $15 million). The mortgage servicing asset, net of the valuation reserve, was $766 million at quarter end on a servicing portfolio of $65 billion.

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Net gains on securities held as non-qualifying hedges for the MSR portfolio were $2 million in the first quarter of 2013, compared with net losses of $2 million in the fourth quarter of 2012 and no gains or losses in the first quarter of 2012.

Investment advisory revenue of $100 million increased 8 percent sequentially and increased 4 percent year-over-year. Sequential growth reflected higher tax-related private client services revenue, which is seasonally stronger in the first quarter, and an increase in brokerage fees resulting from increased production as well as improvement in equity and bond market values. The year-over-year increase was due to higher brokerage fees and private client services revenue partially offset by the absence of mutual fund fees largely due to the sale of certain Fifth Third funds in the third quarter of 2012.

Card and processing revenue of $65 million in the first quarter of 2013 decreased 1 percent sequentially and increased 11 percent from the first quarter of 2012. The sequential decrease reflected lower transactions volumes compared with seasonally strong fourth quarter volumes. The year-over-year increase reflected the impact of higher transaction volumes, higher levels of consumer spending, and new products.

Other noninterest income totaled $109 million in the first quarter of 2013, compared with $215 million in the previous quarter and $175 million in the first quarter of 2012. The sequential decrease was driven by the $157 million gain from the sale of Vantiv shares in the fourth quarter. The year-over-year comparison reflected $115 million in gains from Vantiv’s IPO and the $34 million charge recorded in equity method earnings related to Vantiv’s debt refinancing and related termination charges in the first quarter of 2012. First quarter 2013 results also included $7 million in gains on the sale of certain FTAM advisory contracts. Other noninterest income also includes effects of the valuation of the Vantiv warrant and changes in income related to the valuation of the Visa total return swap. For the quarters ending March 31, 2013, December 31, 2012, and March 31, 2012, the impact of warrant valuation adjustments were positive $34 million, negative $19 million, and positive $46 million, respectively, and changes in income related to the Visa total return swap were losses of $7 million, $15 million, and $19 million, respectively. Excluding the items detailed above, other noninterest income of $75 million decreased approximately $17 million from the previous quarter and increased approximately $8 million from the first quarter of 2012.

Net credit-related costs recognized in other noninterest income were $10 million in the first quarter of 2013 versus $13 million last quarter and $14 million in the first quarter of 2012. First quarter 2013 results included $2 million of net gains on sales of commercial loans held-for-sale and $1 million of fair value charges on commercial loans held-for-sale, as well as $10 million of losses on other real estate owned (OREO). 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 OREO. First quarter 2012 results included $5 million of net gains on sales of commercial loans held-for-sale, $1 million of fair value charges on commercial loans held-for-sale, and $17 million of losses on OREO.

Net gains on investment securities were $17 million in the first quarter of 2013, compared with investment securities gains of $2 million in the previous quarter and $9 million in the first quarter of 2012.

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Noninterest Expense

	For the Three Months Ended										% Change
	March		December		September		June		March
	2013		2012		2012		2012		2012		Seq			Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	399	$	416	$	399	$	393	$	399		(4	%)		—
Employee benefits		114		96		79		84		112		18	%		2	%
Net occupancy expense		79		76		76		74		77		4	%		2	%
Technology and communications		49		52		49		48		47		(5	%)		6	%
Equipment expense		28		27		28		27		27		3	%		3	%
Card and processing expense		31		31		30		30		30		—			5	%
Other noninterest expense		278		465		345		281		281		(40	%)		(2	%)
Total noninterest expense	$	978	$	1,163	$	1,006	$	937	$	973		(16	%)		—

Noninterest expense of $978 million decreased 16 percent from the fourth quarter of 2012 and was flat versus the first quarter of 2012. First quarter 2013 expenses included a $9 million benefit from the sale of affordable housing investments and $9 million in charges to increase litigation reserves. 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. First quarter 2012 expenses included a $23 million benefit from an agreement reached on certain outstanding disputes for non-income tax related assessments, $14 million in additions to litigation reserves, $9 million in debt termination charges, and $6 million in severance expense. Excluding these items, noninterest expense of $978 million decreased $12 million, or 1 percent, compared with the fourth quarter of 2012 and increased $11 million, or 1 percent, compared with the first quarter of 2012. The sequential decrease was largely due to lower credit-related costs and compensation-related expenses partially offset by increased employee benefits expense due to seasonally higher FICA and unemployment costs of approximately $27 million.

Credit costs related to problem assets recorded as noninterest expense totaled $24 million in the first quarter of 2013, compared with $68 million in the fourth quarter of 2012 and $34 million in the first quarter of 2012. First quarter credit-related expenses included provisioning for mortgage repurchases of $20 million, compared with $44 million in the fourth quarter and $15 million a year ago. (Realized mortgage repurchase losses were $20 million in the first quarter of 2013, compared with $15 million last quarter and $17 million in the first quarter of 2012.) Fourth quarter 2012 mortgage repurchase provision included $26 million of additional expense to increase the representation and warranty reserve as a result of additional information obtained from Freddie Mac regarding changes to their selection criteria for future mortgage repurchases and file requests. Provision for unfunded commitments was a benefit of $11 million in the current quarter, compared with an expense of $3 million last quarter and a benefit of $2 million a year ago. Derivative valuation adjustments related to customer credit risk were positive $1 million, $2 million, and $4 million for this quarter, last quarter and the year ago quarter, respectively. OREO expense was $4 million this quarter, compared with $5 million last quarter and $5 million a year ago. Other problem asset-related expenses were $12 million in the first quarter, compared with $19 million the previous quarter and $19 million in the same period last year.

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Credit Quality

	For the Three Months Ended
	March			December			September			June			March
	2013			2012			2012			2012			2012
Total net losses charged off ($ in millions)
Commercial and industrial loans	($	25	)	($	36	)	($	29	)	($	46	)	($	54	)
Commercial mortgage loans		(26	)		(17	)		(28	)		(25	)		(30	)
Commercial construction loans		(3	)		(4	)		(4	)		—			(18	)
Commercial leases		—			1			(1	)		(7	)		—
Residential mortgage loans		(20	)		(23	)		(26	)		(36	)		(37	)
Home equity		(30	)		(34	)		(37	)		(39	)		(46	)
Automobile loans		(4	)		(9	)		(7	)		(7	)		(9	)
Credit card		(20	)		(19	)		(18	)		(18	)		(20	)
Other consumer loans and leases		(5	)		(6	)		(6	)		(3	)		(6	)
Total net losses charged off		(133	)		(147	)		(156	)		(181	)		(220	)
Total losses		(168	)		(177	)		(188	)		(219	)		(253	)
Total recoveries		35			30			32			38			33
Total net losses charged off	($	133	)	($	147	)	($	156	)	($	181	)	($	220	)
Ratios (annualized)
Net losses charged off as a percent of average loans and leases (excluding held for sale)		0.63	%		0.70	%		0.75	%		0.88	%		1.08	%
Commercial		0.44	%		0.46	%		0.53	%		0.67	%		0.89	%
Consumer		0.89	%		1.01	%		1.04	%		1.15	%		1.34	%

Net charge-offs were $133 million in the first quarter of 2013, or 63 bps of average loans on an annualized basis, the lowest level since the third quarter of 2007. Net charge-offs declined 10 percent compared with fourth quarter 2012 net charge-offs of $147 million, and declined 39 percent versus first quarter 2012 net charge-offs of $220 million.

Commercial net charge-offs were $54 million, or 44 bps, down $2 million compared with $56 million, or 46 bps, in the fourth quarter driven by declines in C&I net charge-offs. Commercial net charge-offs were at the lowest level since the third quarter of 2007. C&I net charge-offs were $25 million, down $11 million from $36 million in the previous quarter. Commercial mortgage net charge-offs totaled $26 million, compared with $17 million in the prior quarter. Commercial construction net charge-offs were $3 million in the first quarter, down $1 million compared with the previous quarter. The homebuilder / developer portfolio now totals $309 million, down from a peak of $3.3 billion in the second quarter of 2008. We recorded $1 million of net charge-offs on these loans in the first quarter of 2013.

Consumer net charge-offs were $79 million, or 89 bps, down $12 million sequentially. Net charge-offs on residential mortgage loans in the portfolio were $20 million, down $3 million from the previous quarter. Home equity net charge-offs were $30 million, down from $34 million in the fourth quarter of 2012. Net charge-offs on brokered home equity loans represented 34 percent of first 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 $4 million decreased $5 million compared with the prior quarter. Net charge-offs on consumer credit card loans were $20 million, up $1 million from fourth quarter. Net charge-offs in other consumer loans were $5 million, down $1 million compared with the previous quarter.

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	For the Three Months Ended
	March			December			September			June			March
	2013			2012			2012			2012			2012
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	1,854		$	1,925		$	2,016		$	2,126		$	2,255
Total net losses charged off		(133	)		(147	)		(156	)		(181	)		(220	)
Provision for loan and lease losses		62			76			65			71			91
Allowance for loan and lease losses, ending		1,783			1,854			1,925			2,016			2,126
Reserve for unfunded commitments, beginning		179			176			178			179			181
Provision for unfunded commitments		(11	)		3			(2	)		(1	)		(2	)
Reserve for unfunded commitments, ending		168			179			176			178			179
Components of allowance for credit losses:
Allowance for loan and lease losses		1,783			1,854			1,925			2,016			2,126
Reserve for unfunded commitments		168			179			176			178			179
Total allowance for credit losses	$	1,951		$	2,033		$	2,101		$	2,194		$	2,305
Allowance for loan and lease losses ratio
As a percent of loans and leases		2.08	%		2.16	%		2.32	%		2.45	%		2.59	%
As a percent of nonperforming loans and leases(a)		187	%		180	%		167	%		150	%		157	%
As a percent of nonperforming assets(a)		147	%		144	%		133	%		125	%		127	%

(a) Excludes nonaccrual loans and leases in loans held for sale

Provision for loan and lease losses totaled $62 million in the first quarter of 2013, down $14 million from the fourth quarter of 2012 and down $29 million from the first quarter of 2012. The allowance for loan and lease losses declined $71 million sequentially reflecting continued improvement in credit trends. This allowance represented 2.08 percent of total loans and leases outstanding as of quarter end, compared with 2.16 percent last quarter, and represented 187 percent of nonperforming loans and leases, 147 percent of nonperforming assets, and 3.3 times first quarter annualized net charge-offs.

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	As of
	March			December			September			June			March
	2013			2012			2012			2012			2012
Nonperforming Assets and Delinquent Loans ($ in millions)
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	229		$	234		$	309		$	377		$	358
Commercial mortgage loans		184			215			263			357			347
Commercial construction loans		66			70			76			99			118
Commercial leases		1			1			5			3			8
Residential mortgage loans		110			114			126			135			135
Home equity		28			30			29			30			26
Automobile loans		—			—			—			1			1
Other consumer loans and leases		—			1			—			—			1
Total nonaccrual loans and leases	$	618		$	665		$	808		$	1,002		$	994
Restructured loans and leases—commercial (nonaccrual) (c)		159			177			153			147			157
Restructured loans and leases—consumer (nonaccrual)		174			187			192			193			201
Total nonperforming loans and leases	$	951		$	1,029		$	1,153		$	1,342		$	1,352
Repossessed personal property		7			8			10			9			8
Other real estate owned (a)		252			249			283			268			313
Total nonperforming assets (b)	$	1,210		$	1,286		$	1,446		$	1,619		$	1,673
Nonaccrual loans held for sale		16			25			38			55			110
Restructured loans—commercial (nonaccrual) held for sale		3			4			5			5			7
Total nonperforming assets including loans held for sale	$	1,229		$	1,315		$	1,489		$	1,679		$	1,790
Restructured Consumer loans and leases (accrual)	$	1,683		$	1,655		$	1,641		$	1,634		$	1,624
Restructured Commercial loans and leases (accrual) (c)	$	441		$	431		$	442		$	455		$	481
Total loans and leases 90 days past due	$	164		$	195		$	201		$	203		$	216
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned (b)		1.11	%		1.19	%		1.38	%		1.62	%		1.64	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (b)		1.41	%		1.49	%		1.73	%		1.96	%		2.03	%

(a) Excludes government insured advances.

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

(c) Excludes $21.5 million of restructured nonaccrual loans and $7.6 million of restructured accruing loans associated with a consolidated variable interest entity in which the Bancorp has no continuing credit risk.

Total nonperforming assets, including loans held-for-sale, were $1.2 billion, a decline of $86 million, or 7 percent, from the previous quarter. Nonperforming assets held-for-investment (NPAs) were $1.2 billion, or 1.41 percent, of total loans, leases and OREO, and decreased $76 million, or 6 percent, from the previous quarter. Nonperforming loans held-for-investment (NPLs) at quarter end were $951 billion or 1.11 percent of total loans, leases and OREO, and decreased $78 million, or 8 percent, from the previous quarter.

Commercial portfolio NPAs were $828 million, or 1.66 percent of commercial loans, leases and OREO, and decreased $55 million, or 6 percent, from the fourth quarter. Commercial portfolio NPLs were $639 million, or 1.28 percent of commercial loans and leases, and decreased $58 million from last quarter driven by declines in commercial mortgage and C&I NPLs. Commercial mortgage portfolio NPAs were $409 million, down $25 million from the previous quarter. C&I portfolio NPAs of $332 million decreased $20 million from the prior quarter. Commercial construction portfolio NPAs were $78 million, a decline of $10 million from the previous quarter. Commercial real estate loans in Michigan and Florida represented 49 percent of commercial real estate NPAs and 36 percent of our total commercial real estate portfolio. Within the overall commercial loan portfolio, residential real estate builder and developer portfolio NPAs of $79 million declined $9 million from the fourth quarter, of which $48 million were commercial mortgage assets, $21 million were

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commercial construction assets and $10 million were C&I assets. Commercial portfolio NPAs included $159 million of nonaccrual troubled debt restructurings (TDRs), compared with $177 million last quarter.

Consumer portfolio NPAs of $382 million, or 1.06 percent of consumer loans, leases and OREO, decreased $21 million from the fourth quarter. Consumer portfolio NPLs were $312 million, or 0.87 percent of consumer loans and leases and decreased $20 million from last quarter. Of consumer NPAs, $333 million were in residential real estate portfolios. Residential mortgage NPAs were $275 million, $15 million lower than last quarter, with Florida representing 46 percent of residential mortgage NPAs and 14 percent of total residential mortgage loans. Home equity NPAs of $58 million were down $4 million compared with last quarter. Credit card NPAs were up $1 million compared to the previous quarter at $40 million. Consumer nonaccrual TDRs were $174 million in the first quarter of 2013, compared with $187 million in the fourth quarter 2012.

First quarter OREO balances included in portfolio NPA balances described above were $252 million, up $3 million from the fourth quarter, and included $190 million in commercial OREO and $62 million in consumer OREO. Repossessed personal property of $7 million consisted largely of autos.

Loans still accruing over 90 days past due were $164 million, down $31 million, or 16 percent, from the fourth quarter of 2012. Commercial balances 90 days past due of $1 million were down $23 million sequentially. Consumer balances 90 days past due of $163 million were down $8 million from the previous quarter. Loans 30-89 days past due excluding nonaccruals of $306 million decreased $24 million, or 7 percent, from the previous quarter. Commercial balances 30-89 days past due excluding nonaccruals of $37 million were up $20 million sequentially driven by one large credit and consumer balances 30-89 days past due excluding nonaccruals of $269 million decreased $44 million from the fourth quarter, reflecting declines in all categories.

Commercial nonaccrual loans held-for-sale were $19 million, compared with $29 million at the end of the fourth quarter. During the quarter, $10 million of nonaccrual held-for-sale loans were sold; $3 million of nonaccrual commercial loans from the portfolio were transferred to loans held-for-sale, and $3 million of loans from loans held-for-sale were transferred to OREO. Negative valuation adjustments of $1 million were recorded on held-for-sale loans and net gains of $3 million were recorded on loans that were sold or settled during the quarter.

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Capital Position

	For the Three Months Ended
	March			December			September			June			March
	2013			2012			2012			2012			2012
Capital Position
Average shareholders’ equity to average assets		11.38	%		11.65	%		11.82	%		11.58	%		11.49	%
Tangible equity (a)		9.36	%		9.17	%		9.45	%		9.50	%		9.37	%
Tangible common equity (excluding unrealized gains/losses) (a)		9.03	%		8.83	%		9.10	%		9.15	%		9.02	%
Tangible common equity (including unrealized gains/losses) (a)		9.28	%		9.10	%		9.45	%		9.49	%		9.37	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (a) (b)		9.77	%		9.57	%		9.74	%		9.84	%		9.71	%
Regulatory capital ratios: (c)
Tier I capital		10.83	%		10.65	%		10.85	%		12.31	%		12.20	%
Total risk-based capital		14.35	%		14.42	%		14.76	%		16.24	%		16.07	%
Tier I leverage		10.03	%		10.05	%		10.09	%		11.39	%		11.31	%
Tier I common equity (a)		9.70	%		9.51	%		9.67	%		9.77	%		9.64	%
Book value per share		15.42			15.10			14.84			14.56			14.30
Tangible book value per share (a)		12.62			12.33			12.12			11.89			11.64

(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* increased 19 bps to 9.70 percent. The tangible common equity to tangible assets ratio* was 9.03 percent (excluding unrealized gains/losses) and 9.28 percent (including unrealized gains/losses). The Tier 1 capital ratio increased 18 bps to 10.83 percent. The Total capital ratio decreased 7 bps to 14.35 percent and the Leverage ratio decreased 2 bps to 10.03 percent. The Tier 1 common capital ratio was reduced by 11 bps due to the repurchase of approximately $125 million in common shares announced during the quarter.

Book value per share at March 31, 2013 was $15.42 and tangible book value per share* was $12.62, compared with December 31, 2012 book value per share of $15.10 and tangible book value per share of $12.33.

As previously announced, Fifth Third entered into a share repurchase agreement with a counterparty on January 28, 2013, 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 million shares on the initial transaction date, which had a 5 million share impact on average share count. The settlement of the forward contract occurred on April 5, 2013 and an additional 849,037 shares were repurchased upon completion of the agreement.

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

* Non-GAAP measure; see Reg. G reconciliation on page 33.

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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 March 31, 2013 under the proposed capital rules is approximately 8.9 percent** compared with 9.70 percent* 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 36 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 percent comprised of a minimum of 4.5 percent plus a capital conservation buffer of 2.5 percent. 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 March 31, 2013 included $810 million of TruPS, or 74 bps of risk weighted assets. Based on regulatory developments, we will continue to evaluate the role of these types of securities in our capital structure and included the potential redemption of $750 million in TruPS in our 2013 CCAR plan (see below). 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.

Fifth Third is 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. The plan includes 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.

On March 14, 2013, Fifth Third announced that the FRB did not object to Fifth Third’s 2013 CCAR capital plan, which included the potential increase in the quarterly common stock dividend to $0.12, to be considered by the Board at its scheduled quarterly meeting in June; the potential repurchase of up to $750 million in TruPS, subject to the determination of a regulatory capital event, and replacement with the issuance of a similar amount of Tier 2-qualifying subordinated debt; the potential exercise by Fifth Third of its option to convert the $398 million in outstanding Depositary Shares representing Series G 8.5 percent convertible preferred stock into approximately 35.5 million common shares issued to the holders.¹ (Note that these securities are currently accounted for under the “if-converted” method for inclusion in common shares for earnings per share reporting purposes.) If this conversion were to occur, the capital plan incorporated the intention to repurchase an amount of common shares similar to the amount issued in the conversion up to $550 million in market value, and issue $550 million in a new class of preferred securities; the potential repurchase of common

* Non-GAAP measure; see Reg. G reconciliation on page 33.

¹ The earliest business day that any such conversion could occur is July 1, 2013, and is subject to Fifth Third giving 20 days prior notice of the conversion date. Fifth Third has the option to mandate conversion if the closing price of Fifth Third’s common stock is at or above the applicable conversion price of $15.05 for 20 of the 30 consecutive trading days immediately preceding the date Fifth Third gives notice of conversion.

16

shares in an amount up to $984 million, including up to $550 million related to the potential issuance of shares issued in a Series G preferred stock conversion; and the potential issuance of an additional $500 million in a new class of preferred securities to increase the non-common portion of Tier 1 capital as defined under Basel III proposed rules.² In addition, the capital plan incorporated the intention that we would make incremental repurchases of common shares in the amount of any after-tax gains from the sale of Vantiv, Inc. (“Vantiv”) stock. These common share repurchase plans were intended to limit the further accumulation of excess common equity capital during the CCAR period. These plans were more fully described in our March 14, 2013 announcement of the FRB’s response to our capital plan. Any such actions would be based on environmental and market conditions, earnings results, our capital position, and other factors, as well as approval by the Fifth Third Board of Directors, at the time.

Tax Rate

The effective tax rate was 30.4 percent this quarter compared with 26.8 percent in the fourth quarter. The first quarter 2013 tax rate was seasonally high due to the expiration of employee stock options. The fourth quarter 2012 tax rate was lower than normal due to the 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 $23.74 on March 28, 2013, our interest in Vantiv was valued at approximately $1.7 billion. Next month in our 10-Q, we will update our disclosure of the carrying value of our interest in Vantiv stock which was $563 million as of December 31, 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 $211 million.

Fifth Third is the general partner in a partnership, which is consolidated for reporting purposes but for which Fifth Third has immaterial economic risk, with risk being borne primarily by the limited partners. During the quarter, Fifth Third recorded $2 million in charge-offs and $8 million in additional provision expense related to this partnership. The effect of these impacts is fully offset in net income attributable to noncontrolling interests recorded below Fifth Third’s net income line.

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

²  Any common share repurchases would be conducted under Board authorization and may be executed through open market purchases or one or more private negotiated transactions, including Rule 10b5-1 programs.

17

two hours after the conference call until Thursday, May 2 by dialing 800-585-8367 for domestic access and 404-537-3406 for international access (passcode 24633234#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of March 31, 2013, the Company had $121 billion in assets and operated 18 affiliates with 1,320 full-service Banking Centers, including 104 Bank Mart^® locations open seven days a week inside select grocery stores and 2,426 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 March 31, 2013, had $318 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 March 31, 2013

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	27-28
Summary of Loans and Leases	29
Regulatory Capital	30
Summary of Credit Loss Experience	31
Asset Quality	32
Regulation G Non-GAAP Reconciliation	33
Segment Presentation	34

19

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended									% Change
	March 2013			December 2012			March 2012			Seq			Yr/Yr
Income Statement Data
Net interest income (a)	$	893		$	903		$	903			(1	%)		(1	%)
Noninterest income		743			880			769			(16	%)		(3	%)
Total revenue (a)		1,636			1,783			1,672			(8	%)		(2	%)
Provision for loan and lease losses		62			76			91			(18	%)		(31	%)
Noninterest expense		978			1,163			973			(16	%)		—
Net income attributable to Bancorp		422			399			430			6	%		(2	%)
Net income available to common shareholders		413			390			421			6	%		(2	%)
Common Share Data
Earnings per share, basic	$	0.47		$	0.44		$	0.46			7	%		2	%
Earnings per share, diluted		0.46			0.43			0.45			7	%		2	%
Cash dividends per common share		0.11			0.10			0.08			10	%		38	%
Book value per share		15.42			15.10			14.30			2	%		8	%
Market price per share		16.31			15.20			14.04			7	%		16	%
Common shares outstanding (in thousands)		874,645			882,152			920,056			(1	%)		(5	%)
Average common shares outstanding (in thousands):
Basic		870,923			884,676			915,226			(2	%)		(5	%)
Diluted		913,163			925,585			957,416			(1	%)		(5	%)
Market capitalization	$	14,265		$	13,409		$	12,918			6	%		10	%
Financial Ratios
Return on assets		1.41	%		1.33	%		1.49	%		6	%		(5	%)
Return on average common equity		12.5	%		11.5	%		13.1	%		9	%		(4	%)
Return on average tangible common equity (b)		15.4	%		14.1	%		16.2	%		9	%		(5	%)
Noninterest income as a percent of total revenue		45	%		49	%		46	%		(8	%)		(1	%)
Average equity as a percent of average assets		11.38	%		11.65	%		11.49	%		(2	%)		(1	%)
Tangible common equity (c) (d)		9.03	%		8.83	%		9.02	%		2	%		—
Net interest margin (a)		3.42	%		3.49	%		3.61	%		(2	%)		(5	%)
Efficiency (a)		59.8	%		65.2	%		58.3	%		(8	%)		3	%
Effective tax rate		30.4	%		26.8	%		28.6	%		14	%		6	%
Credit Quality
Net losses charged off	$	133		$	147		$	220			(10	%)		(39	%)
Net losses charged off as a percent of average loans and leases		0.63	%		0.70	%		1.08	%		(10	%)		(42	%)
Allowance for loan and lease losses as a percent of loans and leases		2.08	%		2.16	%		2.59	%		(4	%)		(20	%)
Allowance for credit losses as a percent of loans and leases		2.28	%		2.37	%		2.81	%		(4	%)		(19	%)
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned (e)		1.41	%		1.49	%		2.03	%		(6	%)		(31	%)
Average Balances
Loans and leases, including held for sale	$	88,880		$	86,180		$	83,757			3	%		6	%
Total securities and other short-term investments		16,846			16,765			16,735			—			1	%
Total assets		121,117			118,943			116,325			2	%		4	%
Transaction deposits (f)		80,938			80,195			77,135			1	%		5	%
Core deposits (g)		84,920			84,289			81,686			1	%		4	%
Wholesale funding (h)		17,683			16,354			16,596			8	%		7	%
Bancorp shareholders’ equity		13,779			13,855			13,366			(1	%)		3	%
Regulatory Capital Ratios(i)
Tier I capital		10.83	%		10.65	%		12.20	%		2	%		(11	%)
Total risk-based capital		14.35	%		14.42	%		16.07	%		—			(11	%)
Tier I leverage		10.03	%		10.05	%		11.31	%		—			(11	%)
Tier I common equity (d)		9.70	%		9.51	%		9.64	%		2	%		1	%
Operations
Banking centers		1,320			1,325			1,315			—			—
ATMs		2,426			2,415			2,404			—			1	%
Full-time equivalent employees		20,744			20,798			21,206			—			(2	%)

(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 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
	March 2013			December 2012			September 2012			June 2012			March 2012
Income Statement Data
Net interest income (a)	$	893		$	903		$	907		$	899		$	903
Noninterest income		743			880			671			678			769
Total revenue (a)		1,636			1,783			1,578			1,577			1,672
Provision for loan and lease losses		62			76			65			71			91
Noninterest expense		978			1,163			1,006			937			973
Net income attributable to Bancorp		422			399			363			385			430
Net income available to common shareholders		413			390			354			376			421
Common Share Data
Earnings per share, basic	$	0.47		$	0.44		$	0.39		$	0.41		$	0.46
Earnings per share, diluted		0.46			0.43			0.38			0.40			0.45
Cash dividends per common share		0.11			0.10			0.10			0.08			0.08
Book value per share		15.42			15.10			14.84			14.56			14.30
Market price per share		16.31			15.20			15.51			13.40			14.04
Common shares outstanding (in thousands)		874,645			882,152			897,467			918,913			920,056
Average common shares outstanding (in thousands):
Basic		870,923			884,676			904,475			913,541			915,226
Diluted		913,163			925,585			944,821			954,622			957,416
Market capitalization	$	14,265		$	13,409		$	13,920		$	12,313		$	12,918
Financial Ratios
Return on assets		1.41	%		1.33	%		1.23	%		1.32	%		1.49	%
Return on average common equity		12.5	%		11.5	%		10.4	%		11.4	%		13.1	%
Return on average tangible common equity (b)		15.4	%		14.1	%		12.8	%		14.1	%		16.2	%
Noninterest income as a percent of total revenue		45	%		49	%		43	%		43	%		46	%
Average equity as a percent of average assets		11.38	%		11.65	%		11.82	%		11.58	%		11.49	%
Tangible common equity (c) (d)		9.03	%		8.83	%		9.10	%		9.15	%		9.02	%
Net interest margin (a)		3.42	%		3.49	%		3.56	%		3.56	%		3.61	%
Efficiency (a)		59.8	%		65.2	%		63.7	%		59.4	%		58.3	%
Effective tax rate		30.4	%		26.8	%		27.7	%		31.8	%		28.6	%
Credit Quality
Net losses charged off	$	133		$	147		$	156		$	181		$	220
Net losses charged off as a percent of average loans and leases		0.63	%		0.70	%		0.75	%		0.88	%		1.08	%
Allowance for loan and lease losses as a percent of loans and leases		2.08	%		2.16	%		2.32	%		2.45	%		2.59	%
Allowance for credit losses as a percent of loans and leases		2.28	%		2.37	%		2.53	%		2.66	%		2.81	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned(e)		1.41	%		1.49	%		1.73	%		1.96	%		2.03	%
Average Balances
Loans and leases, including held for sale	$	88,880		$	86,180		$	84,829		$	84,508		$	83,757
Total securities and other short-term investments		16,846			16,765			16,588			17,168			16,735
Total assets		121,117			118,943			117,521			117,654			116,325
Transaction deposits (f)		80,938			80,195			77,498			77,621			77,135
Core deposits (g)		84,920			84,289			81,722			81,980			81,686
Wholesale funding (h)		17,683			16,354			17,431			17,533			16,596
Bancorp shareholders’ equity		13,779			13,855			13,887			13,628			13,366
Regulatory Capital Ratios(i)
Tier I capital		10.83	%		10.65	%		10.85	%		12.31	%		12.20	%
Total risk-based capital		14.35	%		14.42	%		14.76	%		16.24	%		16.07	%
Tier I leverage		10.03	%		10.05	%		10.09	%		11.39	%		11.31	%
Tier I common equity (d)		9.70	%		9.51	%		9.67	%		9.77	%		9.64	%
Operations
Banking centers		1,320			1,325			1,320			1,322			1,315
ATMs		2,426			2,415			2,404			2,409			2,404
Full-time equivalent employees		20,744			20,798			20,789			20,888			21,206

(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 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
	March 2013			December 2012			March 2012		Seq			Yr/Yr
Interest Income
Interest and fees on loans and leases	$	882		$	891		$	898		(1	%)		(2	%)
Interest on securities		112			124			141		(9	%)		(20	%)
Interest on other short-term investments		1			1			1		(6	%)		16	%
Total interest income		995			1,016			1,040		(2	%)		(4	%)
Interest Expense
Interest on deposits		50			51			58		(1	%)		(14	%)
Interest on short-term borrowings		3			3			1		(4	%)		NM
Interest on long-term debt		54			63			83		(14	%)		(34	%)
Total interest expense		107			117			142		(8	%)		(25	%)
Net Interest Income		888			899			898		(1	%)		(1	%)
Provision for loan and lease losses		62			76			91		(18	%)		(31	%)
Net interest income after provision for loan and lease losses		826			823			807		—			2	%
Noninterest Income
Service charges on deposits		131			134			129		(3	%)		1	%
Corporate banking revenue		99			114			97		(13	%)		2	%
Mortgage banking net revenue		220			258			204		(15	%)		7	%
Investment advisory revenue		100			93			96		8	%		4	%
Card and processing revenue		65			66			59		(1	%)		11	%
Other noninterest income		109			215			175		(48	%)		(37	%)
Securities gains, net		17			2			9		NM			92	%
Securities gains (losses), net—non-qualifying hedges on mortgage servicing rights		2			(2	)		—		NM			NM
Total noninterest income		743			880			769		(16	%)		(3	%)
Noninterest Expense
Salaries, wages and incentives		399			416			399		(4	%)		—
Employee benefits		114			96			112		18	%		2	%
Net occupancy expense		79			76			77		4	%		2	%
Technology and communications		49			52			47		(5	%)		6	%
Equipment expense		28			27			27		3	%		3	%
Card and processing expense		31			31			30		—			5	%
Other noninterest expense		278			465			281		(40	%)		(2	%)
Total noninterest expense		978			1,163			973		(16	%)		—
Income before income taxes		591			540			603		9	%		(2	%)
Applicable income taxes		179			144			173		24	%		4	%
Net Income		412			396			430		4	%		(4	%)
Less: Net income attributable to noncontrolling interests		(10	)		(3	)		—		NM			NM
Net income attributable to Bancorp		422			399			430		6	%		(2	%)
Dividends on preferred stock		9			9			9		—			—
Net income available to common shareholders	$	413		$	390		$	421		6	%		(2	%)

22

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	March 2013			December 2012			September 2012		June 2012		March 2012
Interest Income
Interest and fees on loans and leases	$	882		$	891		$	893	$	891	$	898
Interest on securities		112			124			129		135		141
Interest on other short-term investments		1			1			1		1		1
Total interest income		995			1,016			1,023		1,027		1,040
Taxable equivalent adjustment		5			4			4		4		5
Total interest income (taxable equivalent)		1,000			1,020			1,027		1,031		1,045
Interest Expense
Interest on deposits		50			51			52		55		58
Interest on short-term borrowings		3			3			3		2		1
Interest on long-term debt		54			63			65		75		83
Total interest expense		107			117			120		132		142
Net Interest Income (taxable equivalent)		893			903			907		899		903
Provision for loan and lease losses		62			76			65		71		91
Net interest income (taxable equivalent) after provision for loan and lease losses		831			827			842		828		812
Noninterest Income
Service charges on deposits		131			134			128		130		129
Corporate banking revenue		99			114			101		102		97
Mortgage banking net revenue		220			258			200		183		204
Investment advisory revenue		100			93			92		93		96
Card and processing revenue		65			66			65		64		59
Other noninterest income		109			215			78		103		175
Securities gains, net		17			2			2		3		9
Securities gains, net—non-qualifying hedges on mortgage servicing rights		2			(2	)		5		—		—
Total noninterest income		743			880			671		678		769
Noninterest Expense
Salaries, wages and incentives		399			416			399		393		399
Employee benefits		114			96			79		84		112
Net occupancy expense		79			76			76		74		77
Technology and communications		49			52			49		48		47
Equipment expense		28			27			28		27		27
Card and processing expense		31			31			30		30		30
Other noninterest expense		278			465			345		281		281
Total noninterest expense		978			1,163			1,006		937		973
Income before income taxes (taxable equivalent)		596			544			507		569		608
Taxable equivalent adjustment		5			4			4		4		5
Income before income taxes		591			540			503		565		603
Applicable income taxes		179			144			139		180		173
Net Income		412			396			364		385		430
Less: Net Income attributable to noncontrolling interests		(10	)		(3	)		1		—		—
Net income attributable to Bancorp		422			399			363		385		430
Dividends on preferred stock		9			9			9		9		9
Net income available to common shareholders	$	413		$	390		$	354	$	376	$	421

23

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	March 2013			December 2012			March 2012			Seq			Yr/Yr
Assets
Cash and due from banks	$	2,186		$	2,441		$	2,235			(10	%)		(2	%)
Available-for-sale and other securities (a)		15,263			15,207			16,093			—			(5	%)
Held-to-maturity securities (b)		283			284			321			—			(12	%)
Trading securities		218			207			195			5	%		12	%
Other short-term investments		2,286			2,421			1,628			(6	%)		40	%
Loans held for sale		2,691			2,939			1,584			(8	%)		70	%
Portfolio loans and leases:
Commercial and industrial loans		36,757			36,038			32,155			2	%		14	%
Commercial mortgage loans		8,766			9,103			9,909			(4	%)		(12	%)
Commercial construction loans		694			698			901			—			(23	%)
Commercial leases		3,568			3,549			3,512			1	%		2	%
Residential mortgage loans		12,091			12,017			11,094			1	%		9	%
Home equity		9,727			10,018			10,493			(3	%)		(7	%)
Automobile loans		11,741			11,972			11,832			(2	%)		(1	%)
Credit card		2,043			2,097			1,896			(3	%)		8	%
Other consumer loans and leases		289			290			321			(1	%)		(10	%)
Portfolio loans and leases		85,676			85,782			82,113			—			4	%
Allowance for loan and lease losses		(1,783	)		(1,854	)		(2,126	)		(4	%)		(16	%)
Portfolio loans and leases, net		83,893			83,928			79,987			—			5	%
Bank premises and equipment		2,540			2,542			2,485			—			2	%
Operating lease equipment		598			581			495			3	%		21	%
Goodwill		2,416			2,416			2,417			—			—
Intangible assets		25			27			36			(5	%)		(30	%)
Servicing rights		772			697			767			11	%		1	%
Other assets		8,211			8,204			8,504			—			(3	%)
Total assets	$	121,382		$	121,894		$	116,747			—			4	%
Liabilities
Deposits:
Demand	$	30,027		$	30,023		$	26,385			—			14	%
Interest checking		23,175			24,477			23,971			(5	%)		(3	%)
Savings		19,339			19,879			22,245			(3	%)		(13	%)
Money market		8,613			6,875			4,275			25	%		NM
Foreign office		1,089			885			1,251			23	%		(13	%)
Other time		3,909			4,015			4,446			(3	%)		(12	%)
Certificates—$100,000 and over		5,472			3,284			3,162			67	%		73	%
Other		—			79			56			(100	%)		(100	%)
Total deposits		91,624			89,517			85,791			2	%		7	%
Federal funds purchased		386			901			319			(57	%)		21	%
Other short-term borrowings		2,439			6,280			2,877			(61	%)		(15	%)
Accrued taxes, interest and expenses		1,599			1,708			1,436			(6	%)		11	%
Other liabilities		3,094			2,639			3,066			17	%		1	%
Long-term debt		8,320			7,085			9,648			17	%		(14	%)
Total liabilities		107,462			108,130			103,137			(1	%)		4	%
Equity
Common stock (c)		2,051			2,051			2,051			—			—
Preferred stock		398			398			398			—			—
Capital surplus		2,782			2,758			2,803			1	%		(1	%)
Retained earnings		9,084			8,768			7,902			4	%		15	%
Accumulated other comprehensive income		333			375			468			(11	%)		(29	%)
Treasury stock		(766	)		(634	)		(62	)		21	%		NM
Total Bancorp shareholders’ equity		13,882			13,716			13,560			1	%		2	%
Noncontrolling interests		38			48			50			(21	%)		(24	%)
Total Equity		13,920			13,764			13,610			1	%		2	%
Total liabilities and equity	$	121,382		$	121,894		$	116,747			—			4	%
(a) Amortized cost	$	14,652		$	14,571		$	15,341			1	%		(4	%)
(b) Market values		283			284			321			—			(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		874,645			882,152			920,056			(1	%)		(5	%)
Treasury		49,248			41,741			3,836			18	%		NM

24

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	March 2013			December 2012			September 2012			June 2012			March 2012
Assets
Cash and due from banks	$	2,186		$	2,441		$	2,490		$	2,393		$	2,235
Available-for-sale and other securities (a)		15,263			15,207			15,402			15,552			16,093
Held-to-maturity securities (b)		283			284			287			305			321
Trading securities		218			207			205			200			195
Other short-term investments		2,286			2,421			1,286			1,964			1,628
Loans held for sale		2,691			2,939			1,802			1,863			1,584
Portfolio loans and leases:
Commercial and industrial loans		36,757			36,038			33,344			32,612			32,155
Commercial mortgage loans		8,766			9,103			9,348			9,662			9,909
Commercial construction loans		694			698			672			822			901
Commercial leases		3,568			3,549			3,549			3,467			3,512
Residential mortgage loans		12,091			12,017			11,708			11,429			11,094
Home equity		9,727			10,018			10,238			10,377			10,493
Automobile loans		11,741			11,972			11,912			11,739			11,832
Credit card		2,043			2,097			1,994			1,943			1,896
Other consumer loans and leases		289			290			294			308			321
Portfolio loans and leases		85,676			85,782			83,059			82,359			82,113
Allowance for loan and lease losses		(1,783	)		(1,854	)		(1,925	)		(2,016	)		(2,126	)
Portfolio loans and leases, net		83,893			83,928			81,134			80,343			79,987
Bank premises and equipment		2,540			2,542			2,520			2,506			2,485
Operating lease equipment		598			581			542			511			495
Goodwill		2,416			2,416			2,417			2,417			2,417
Intangible assets		25			27			30			33			36
Servicing rights		772			697			679			736			767
Other assets		8,211			8,204			8,689			8,720			8,504
Total assets	$	121,382		$	121,894		$	117,483		$	117,543		$	116,747
Liabilities
Deposits:
Demand	$	30,027		$	30,023		$	27,606		$	26,251		$	26,385
Interest checking		23,175			24,477			22,891			23,197			23,971
Savings		19,339			19,879			20,624			22,011			22,245
Money market		8,613			6,875			5,285			4,223			4,275
Foreign office		1,089			885			1,059			1,265			1,251
Other time		3,909			4,015			4,167			4,261			4,446
Certificates—$100,000 and over		5,472			3,284			2,978			3,065			3,162
Other		—			79			78			—			56
Total deposits		91,624			89,517			84,688			84,273			85,791
Federal funds purchased		386			901			686			641			319
Other short-term borrowings		2,439			6,280			5,503			4,613			2,877
Accrued taxes, interest and expenses		1,599			1,708			1,588			1,491			1,436
Other liabilities		3,094			2,639			3,122			3,016			3,066
Long-term debt		8,320			7,085			8,127			9,685			9,648
Total liabilities		107,462			108,130			103,714			103,719			103,137
Equity
Common stock (c)		2,051			2,051			2,051			2,051			2,051
Preferred stock		398			398			398			398			398
Capital surplus		2,782			2,758			2,733			2,752			2,803
Retained earnings		9,084			8,768			8,466			8,201			7,902
Accumulated other comprehensive income		333			375			468			454			468
Treasury stock		(766	)		(634	)		(398	)		(83	)		(62	)
Total Bancorp shareholders’ equity		13,882			13,716			13,718			13,773			13,560
Noncontrolling interests		38			48			51			51			50
Total Equity		13,920			13,764			13,769			13,824			13,610
Total liabilities and equity	$	121,382		$	121,894		$	117,483		$	117,543		$	116,747
(a) Amortized cost	$	14,652		$	14,571		$	14,641		$	14,818		$	15,341
(b) Market values		283			284			287			305			321
(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		874,645			882,152			897,467			918,913			920,056
Treasury		49,248			41,741			26,425			4,979			3,836

25

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Equity

$ in millions

(unaudited)

	For the Three Months Ended
	March 2013			March 2012
Total equity, beginning	$	13,764		$	13,251
Net income attributable to Bancorp		422			430
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		(31	)		2
Qualifying cash flow hedges		(13	)		(7	)
Change in accumulated other comprehensive income related to employee benefit plans		2			3
Comprehensive income		380			428
Cash dividends declared:
Common stock		(96	)		(74	)
Preferred stock		(9	)		(9	)
Stock-based awards exercised, including treasury shares issued		—			2
Stock-based compensation expense		17			12
Shares acquired for treasury		(125	)		—
Noncontrolling interest		(10	)		—
Other		(1	)		—
Total equity, ending	$	13,920		$	13,610

26

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	March 2013			December 2012			March 2012			Seq			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	36,423		$	34,311		$	31,421			6	%		16	%
Commercial mortgage loans		8,978			9,209			10,077			(2	%)		(10	%)
Commercial construction loans		700			697			1,008			1	%		(30	%)
Commercial leases		3,557			3,509			3,543			1	%		—
Residential mortgage loans		14,866			14,028			12,928			6	%		15	%
Home equity		9,872			10,129			10,606			(3	%)		(7	%)
Automobile loans		12,096			11,944			11,882			—			1	%
Credit card		2,069			2,029			1,926			2	%		7	%
Other consumer loans and leases		319			324			366			(4	%)		(15	%)
Taxable securities		15,224			15,187			15,313			—			(1	%)
Tax exempt securities		51			57			59			(10	%)		(13	%)
Other short-term investments		1,571			1,521			1,363			3	%		15	%
Total interest-earning assets		105,726			102,945			100,492			3	%		5	%
Cash and due from banks		2,225			2,442			2,345			(9	%)		(5	%)
Other assets		15,016			15,468			15,734			(3	%)		(5	%)
Allowance for loan and lease losses		(1,850	)		(1,912	)		(2,246	)		(3	%)		(18	%)
Total assets	$	121,117		$	118,943		$	116,325			2	%		4	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	23,763		$	23,556		$	22,308			1	%		7	%
Savings		19,576			20,216			21,944			(3	%)		(11	%)
Money market		7,932			6,026			4,543			32	%		75	%
Foreign office		1,102			1,174			2,277			(6	%)		(52	%)
Other time		3,982			4,094			4,551			(3	%)		(13	%)
Certificates—$100,000 and over		4,017			3,084			3,178			30	%		26	%
Other		40			32			19			25	%		NM
Federal funds purchased		691			794			370			(13	%)		87	%
Other short-term borrowings		5,429			4,553			3,261			19	%		66	%
Long-term debt		7,506			7,891			9,768			(5	%)		(23	%)
Total interest-bearing liabilities		74,038			71,420			72,219			4	%		3	%
Demand deposits		28,565			29,223			26,063			(2	%)		10	%
Other liabilities		4,687			4,394			4,627			7	%		1	%
Total liabilities		107,290			105,037			102,909			2	%		4	%
Equity		13,827			13,906			13,416			(1	%)		3	%
Total liabilities and equity	$	121,117		$	118,943		$	116,325			2	%		4	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		3.90	%		4.01	%		4.20	%
Commercial mortgage loans		3.63	%		3.69	%		3.95	%
Commercial construction loans		3.21	%		3.01	%		3.04	%
Commercial leases		3.38	%		3.42	%		3.79	%
Residential mortgage loans		3.98	%		3.94	%		4.17	%
Home equity		3.74	%		3.72	%		3.85	%
Automobile loans		3.29	%		3.46	%		3.99	%
Credit card		9.67	%		9.96	%		9.43	%
Other consumer loans and leases		46.77	%		50.06	%		40.13	%
Total loans and leases		4.04	%		4.13	%		4.34	%
Taxable securities		2.98	%		3.23	%		3.68	%
Tax exempt securities		5.44	%		2.91	%		5.60	%
Other short-term investments		0.26	%		0.28	%		0.26	%
Total interest-earning assets		3.84	%		3.94	%		4.18	%
Interest-bearing liabilities:
Interest checking		0.23	%		0.22	%		0.22	%
Savings		0.13	%		0.14	%		0.21	%
Money market		0.24	%		0.23	%		0.22	%
Foreign office		0.26	%		0.27	%		0.26	%
Other time		1.50	%		1.54	%		1.62	%
Certificates—$100,000 and over		1.09	%		1.39	%		1.55	%
Other		0.13	%		0.14	%		0.08	%
Federal funds purchased		0.14	%		0.16	%		0.10	%
Other short-term borrowings		0.18	%		0.21	%		0.12	%
Long-term debt		2.94	%		3.19	%		3.41	%
Total interest-bearing liabilities		0.59	%		0.65	%		0.79	%
Ratios:
Net interest margin (taxable equivalent)		3.42	%		3.49	%		3.61	%
Net interest rate spread (taxable equivalent)		3.25	%		3.29	%		3.39	%
Interest-bearing liabilities to interest-earning assets		70.03	%		69.38	%		71.87	%

27

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	March 2013			December 2012			September 2012			June 2012			March 2012
Assets
Interest-earning assets:
Commercial and industrial loans	$	36,423		$	34,311		$	33,124		$	32,770		$	31,421
Commercial mortgage loans		8,978			9,209			9,592			9,873			10,077
Commercial construction loans		700			697			751			886			1,008
Commercial leases		3,557			3,509			3,483			3,471			3,543
Residential mortgage loans		14,866			14,028			13,458			13,059			12,928
Home equity		9,872			10,129			10,312			10,430			10,606
Automobile loans		12,096			11,944			11,812			11,755			11,882
Credit card		2,069			2,029			1,971			1,915			1,926
Other consumer loans and leases		319			324			326			349			366
Taxable securities		15,224			15,187			15,005			15,548			15,313
Tax exempt securities		51			57			48			62			59
Other short-term investments		1,571			1,521			1,535			1,558			1,363
Total interest-earning assets		105,726			102,945			101,417			101,676			100,492
Cash and due from banks		2,225			2,442			2,368			2,264			2,345
Other assets		15,016			15,468			15,749			15,835			15,734
Allowance for loan and lease losses		(1,850	)		(1,912	)		(2,013	)		(2,121	)		(2,246	)
Total assets	$	121,117		$	118,943		$	117,521		$	117,654		$	116,325
Liabilities
Interest-bearing liabilities:
Interest checking	$	23,763		$	23,556		$	22,967		$	23,548		$	22,308
Savings		19,576			20,216			21,283			22,143			21,944
Money market		7,932			6,026			4,776			4,258			4,543
Foreign office		1,102			1,174			1,345			1,321			2,277
Other time		3,982			4,094			4,224			4,359			4,551
Certificates—$100,000 and over		4,017			3,084			3,016			3,130			3,178
Other		40			32			32			23			19
Federal funds purchased		691			794			664			408			370
Other short-term borrowings		5,429			4,553			4,856			4,303			3,261
Long-term debt		7,506			7,891			8,863			9,669			9,768
Total interest-bearing liabilities		74,038			71,420			72,026			73,162			72,219
Demand deposits		28,565			29,223			27,127			26,351			26,063
Other liabilities		4,687			4,394			4,430			4,462			4,627
Total liabilities		107,290			105,037			103,583			103,975			102,909
Equity		13,827			13,906			13,938			13,679			13,416
Total liabilities and equity	$	121,117		$	118,943		$	117,521		$	117,654		$	116,325
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		3.90	%		4.01	%		4.08	%		4.13	%		4.20	%
Commercial mortgage loans		3.63	%		3.69	%		3.76	%		3.81	%		3.95	%
Commercial construction loans		3.21	%		3.01	%		2.83	%		3.05	%		3.04	%
Commercial leases		3.38	%		3.42	%		3.62	%		3.68	%		3.79	%
Residential mortgage loans		3.98	%		3.94	%		4.03	%		4.12	%		4.17	%
Home equity		3.74	%		3.72	%		3.78	%		3.80	%		3.85	%
Automobile loans		3.29	%		3.46	%		3.61	%		3.76	%		3.99	%
Credit card		9.67	%		9.96	%		9.82	%		9.92	%		9.43	%
Other consumer loans and leases		46.77	%		50.06	%		49.00	%		42.87	%		40.13	%
Total loans and leases		4.04	%		4.13	%		4.21	%		4.26	%		4.34	%
Taxable securities		2.98	%		3.23	%		3.41	%		3.48	%		3.68	%
Tax exempt securities		5.44	%		2.91	%		3.29	%		5.02	%		5.60	%
Other short-term investments		0.26	%		0.28	%		0.25	%		0.24	%		0.26	%
Total interest-earning assets		3.84	%		3.94	%		4.03	%		4.08	%		4.18	%
Interest-bearing liabilities:
Interest checking		0.23	%		0.22	%		0.21	%		0.22	%		0.22	%
Savings		0.13	%		0.14	%		0.15	%		0.19	%		0.21	%
Money market		0.24	%		0.23	%		0.22	%		0.22	%		0.22	%
Foreign office		0.26	%		0.27	%		0.29	%		0.27	%		0.26	%
Other time		1.50	%		1.54	%		1.59	%		1.60	%		1.62	%
Certificates—$100,000 and over		1.09	%		1.39	%		1.49	%		1.50	%		1.55	%
Other		0.13	%		0.14	%		0.13	%		0.13	%		0.08	%
Federal funds purchased		0.14	%		0.16	%		0.13	%		0.15	%		0.10	%
Other short-term borrowings		0.18	%		0.21	%		0.19	%		0.17	%		0.12	%
Long-term debt		2.94	%		3.19	%		2.97	%		3.11	%		3.41	%
Total interest-bearing liabilities		0.59	%		0.65	%		0.67	%		0.73	%		0.79	%
Ratios:
Net interest margin (taxable equivalent)		3.42	%		3.49	%		3.56	%		3.56	%		3.61	%
Net interest rate spread (taxable equivalent)		3.25	%		3.29	%		3.36	%		3.35	%		3.39	%
Interest-bearing liabilities to interest-earning assets		70.03	%		69.38	%		71.02	%		71.96	%		71.87	%

28

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	March 2013		December 2012		September 2012		June 2012		March 2012
Average Loans and Leases
Commercial:
Commercial and industrial loans	$	36,395	$	34,301	$	33,111	$	32,734	$	31,371
Commercial mortgage loans		8,965		9,193		9,567		9,810		10,007
Commercial construction loans		695		686		742		873		992
Commercial leases		3,556		3,509		3,481		3,469		3,543
Subtotal—commercial		49,611		47,689		46,901		46,886		45,913
Consumer:
Residential mortgage loans		12,096		11,846		11,578		11,274		10,828
Home equity		9,872		10,129		10,312		10,430		10,606
Automobile loans		11,961		11,944		11,812		11,755		11,882
Credit card		2,069		2,029		1,971		1,915		1,926
Other consumer loans and leases		294		306		314		326		345
Subtotal—consumer		36,292		36,254		35,987		35,700		35,587
Total average loans and leases (excluding held for sale)	$	85,903	$	83,943	$	82,888	$	82,586	$	81,500
Average loans held for sale		2,977		2,237		1,941		1,922		2,257
End of Period Loans and Leases
Commercial:
Commercial and industrial loans	$	36,757	$	36,038	$	33,344	$	32,612	$	32,155
Commercial mortgage loans		8,766		9,103		9,348		9,662		9,909
Commercial construction loans		694		698		672		822		901
Commercial leases		3,568		3,549		3,549		3,467		3,512
Subtotal—commercial		49,785		49,388		46,913		46,563		46,477
Consumer:
Residential mortgage loans		12,091		12,017		11,708		11,429		11,094
Home equity		9,727		10,018		10,238		10,377		10,493
Automobile loans		11,741		11,972		11,912		11,739		11,832
Credit card		2,043		2,097		1,994		1,943		1,896
Other consumer loans and leases		289		290		294		308		321
Subtotal—consumer		35,891		36,394		36,146		35,796		35,636
Total portfolio loans and leases	$	85,676	$	85,782	$	83,059	$	82,359	$	82,113
Core business activity		2,672		2,910		1,758		1,803		1,467
Portfolio management activity		19		29		44		60		117
Total loans held for sale		2,691		2,939		1,802		1,863		1,584
Operating lease equipment		598		581		542		511		495
Loans and Leases Serviced for Others: (a)
Commercial and industrial loans		757		721		783		682		585
Commercial mortgage loans		334		325		324		319		319
Commercial construction loans		28		29		39		41		41
Commercial leases		184		179		180		184		171
Residential mortgage loans		64,768		62,465		62,428		61,631		60,384
Home equity		—		—		—		—		—
Automobile loans		—		—		—		—		—
Credit card		—		—		—		—		—
Other consumer loans and leases		—		—		—		—		—
Total loans and leases serviced for others		66,071		63,719		63,754		62,857		61,500
Total loans and leases serviced	$	155,036	$	153,021	$	149,157	$	147,590	$	145,692

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

29

Fifth Third Bancorp and Subsidiaries

Regulatory Capital (a)

$ in millions

(unaudited)

	As of
	March 2013			December 2012			September 2012			June 2012			March 2012
Tier I capital:
Bancorp shareholders’ equity		13,882			13,716			13,718			13,773			13,560
Goodwill and certain other intangibles		(2,504	)		(2,499	)		(2,504	)		(2,512	)		(2,518	)
Unrealized (gains) losses		(333	)		(375	)		(468	)		(454	)		(468	)
Qualifying trust preferred securities		810			810			810			2,248			2,248
Other		23			33			38			38			38
Total tier I capital		11,878			11,685			11,594			13,093			12,860
Total risk-based capital:
Tier I capital		11,878			11,685			11,594			13,093			12,860
Qualifying allowance for credit losses		1,379			1,381			1,347			1,342			1,331
Qualifying subordinated notes		2,474			2,750			2,836			2,846			2,745
Total risk-based capital		15,731			15,816			15,777			17,281			16,936
Risk-weighted assets (b)		109,626			109,699			106,858			106,398			105,412
Ratios:
Average shareholders’ equity to average assets		11.38	%		11.65	%		11.82	%		11.58	%		11.49	%
Regulatory capital:
Fifth Third Bancorp
Tier I risk-based capital		10.83	%		10.65	%		10.85	%		12.31	%		12.20	%
Total risk-based capital		14.35	%		14.42	%		14.76	%		16.24	%		16.07	%
Tier I leverage		10.03	%		10.05	%		10.09	%		11.39	%		11.31	%
Tier I common equity		9.70	%		9.51	%		9.67	%		9.77	%		9.64	%
Fifth Third Bank
Tier I risk-based capital		11.47	%		11.27	%		12.29	%		12.72	%		12.40	%
Total risk-based capital		12.84	%		12.74	%		13.76	%		14.19	%		13.88	%
Tier I leverage		10.63	%		10.65	%		11.44	%		11.75	%		11.51	%
Tier I common equity		11.47	%		11.28	%		12.29	%		12.72	%		12.40	%

(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.

30

Fifth Third Bancorp and Subsidiaries

Summary of Credit Loss Experience

$ in millions

(unaudited)

	For the Three Months Ended
	March 2013			December 2012			September 2012			June 2012			March 2012
Average loans and leases (excluding held for sale):
Commercial and industrial loans		$36,395			$34,301			$33,111			$32,734			$31,371
Commercial mortgage loans		8,965			9,193			9,567			9,810			10,007
Commercial construction loans		695			686			742			873			992
Commercial leases		3,556			3,509			3,481			3,469			3,543
Residential mortgage loans		12,096			11,846			11,578			11,274			10,828
Home equity		9,872			10,129			10,312			10,430			10,606
Automobile loans		11,961			11,944			11,812			11,755			11,882
Credit card		2,069			2,029			1,971			1,915			1,926
Other consumer loans and leases		294			306			314			326			345
Total average loans and leases (excluding held for sale)		$85,903			$83,943			$82,888			$82,586			$81,500
Losses charged off:
Commercial and industrial loans		($35	)		($43	)		($39	)		($53	)		($60	)
Commercial mortgage loans		(29	)		(23	)		(32	)		(28	)		(37	)
Commercial construction loans		(4	)		(4	)		(4	)		(6	)		(20	)
Commercial leases		—			—			(1	)		(8	)		—
Residential mortgage loans		(22	)		(25	)		(28	)		(38	)		(38	)
Home equity		(34	)		(38	)		(41	)		(43	)		(50	)
Automobile loans		(12	)		(14	)		(13	)		(13	)		(16	)
Credit card		(23	)		(22	)		(21	)		(24	)		(24	)
Other consumer loans and leases		(9	)		(8	)		(9	)		(6	)		(8	)
Total losses		(168	)		(177	)		(188	)		(219	)		(253	)
Recoveries of losses previously charged off:
Commercial and industrial loans		10			7			10			7			6
Commercial mortgage loans		3			6			4			3			7
Commercial construction loans		1			—			—			6			2
Commercial leases		—			1			—			1			—
Residential mortgage loans		2			2			2			2			1
Home equity		4			4			4			4			4
Automobile loans		8			5			6			6			7
Credit card		3			3			3			6			4
Other consumer loans and leases		4			2			3			3			2
Total recoveries		35			30			32			38			33
Net losses charged off:
Commercial and industrial loans		(25	)		(36	)		(29	)		(46	)		(54	)
Commercial mortgage loans		(26	)		(17	)		(28	)		(25	)		(30	)
Commercial construction loans		(3	)		(4	)		(4	)		—			(18	)
Commercial leases		—			1			(1	)		(7	)		—
Residential mortgage loans		(20	)		(23	)		(26	)		(36	)		(37	)
Home equity		(30	)		(34	)		(37	)		(39	)		(46	)
Automobile loans		(4	)		(9	)		(7	)		(7	)		(9	)
Credit card		(20	)		(19	)		(18	)		(18	)		(20	)
Other consumer loans and leases		(5	)		(6	)		(6	)		(3	)		(6	)
Total net losses charged off		($133	)		($147	)		($156	)		($181	)		($220	)
Net charge-off ratios:
Commercial and industrial loans		0.28	%		0.42	%		0.36	%		0.57	%		0.69	%
Commercial mortgage loans		1.18	%		0.70	%		1.15	%		1.04	%		1.18	%
Commercial construction loans		1.44	%		1.91	%		2.29	%		(0.12	%)		7.30	%
Commercial leases		0.03	%		(0.08	%)		0.11	%		0.87	%		0.01	%
Residential mortgage loans		0.69	%		0.77	%		0.90	%		1.28	%		1.39	%
Home equity		1.23	%		1.36	%		1.43	%		1.50	%		1.76	%
Automobile loans		0.16	%		0.27	%		0.22	%		0.21	%		0.33	%
Credit card		3.82	%		3.71	%		3.49	%		3.78	%		4.18	%
Other consumer loans and leases		6.61	%		9.83	%		9.11	%		3.95	%		5.51	%
Total net charge-off ratio		0.63	%		0.70	%		0.75	%		0.88	%		1.08	%

31

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

				For the Three Months Ended
	March 2013			December 2012			September 2012			June 2012			March 2012
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	1,854		$	1,925		$	2,016		$	2,126		$	2,255
Total net losses charged off		(133	)		(147	)		(156	)		(181	)		(220	)
Provision for loan and lease losses		62			76			65			71			91
Allowance for loan and lease losses, ending	$	1,783		$	1,854		$	1,925		$	2,016		$	2,126
Reserve for unfunded commitments, beginning	$	179		$	176		$	178		$	179		$	181
Provision for unfunded commitments		(11	)		3			(2	)		(1	)		(2	)
Reserve for unfunded commitments, ending	$	168		$	179		$	176		$	178		$	179
Components of allowance for credit losses:
Allowance for loan and lease losses	$	1,783		$	1,854		$	1,925		$	2,016		$	2,126
Reserve for unfunded commitments		168			179			176			178			179
Total allowance for credit losses	$	1,951		$	2,033		$	2,101		$	2,194		$	2,305
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	229		$	234		$	309		$	377		$	358
Commercial mortgage loans		184			215			263			357			347
Commercial construction loans		66			70			76			99			118
Commercial leases		1			1			5			3			8
Residential mortgage loans		110			114			126			135			135
Home equity		28			30			29			30			26
Automobile loans		—			—			—			1			1
Other consumer loans and leases		—			1			—			—			1
Total nonaccrual portfolio loans and leases		618			665			808			1,002			994
Restructured loans and leases—commercial (nonaccrual)		159			177			153			147			157
Restructured loans and leases—consumer (nonaccrual)		174			187			192			193			201
Total nonperforming portfolio loans and leases		951			1,029			1,153			1,342			1,352
Repossessed property		7			8			10			9			8
Other real estate owned		252			249			283			268			313
Total nonperforming assets (a)		1,210			1,286			1,446			1,619			1,673
Nonaccrual loans held for sale		16			25			38			55			110
Restructured loans—commercial (nonaccrual) held for sale		3			4			5			5			7
Total nonperforming assets including loans held for sale	$	1,229		$	1,315		$	1,489		$	1,679		$	1,790
Restructured portfolio consumer loans and leases (accrual)	$	1,683		$	1,655		$	1,641		$	1,634		$	1,624
Restructured portfolio commercial loans and leases (accrual)	$	441		$	431		$	442		$	455		$	481
Ninety days past due loans and leases:
Commercial and industrial loans	$	1		$	1		$	1		$	2		$	2
Commercial mortgage loans		—			22			22			22			30
Commercial construction loans		—			1			—			—			—
Commercial leases		—			—			—			—			—
Total commercial loans and leases		1			24			23			24			32
Residential mortgage loans		74			75			76			80			73
Home equity		53			58			65			67			74
Automobile loans		7			8			9			8			8
Credit card		29			30			28			24			29
Other consumer loans and leases		—			—			—			—			—
Total consumer loans and leases		163			171			178			179			184
Total ninety days past due loans and leases	$	164		$	195		$	201		$	203		$	216
Ratios
Net losses charged off as a percent of average loans and leases		0.63	%		0.70	%		0.75	%		0.88	%		1.08	%
Allowance for loan and lease losses:
As a percent of loans and leases		2.08	%		2.16	%		2.32	%		2.45	%		2.59	%
As a percent of nonperforming loans and leases (a)		187	%		180	%		167	%		150	%		157	%
As a percent of nonperforming assets (a)		147	%		144	%		133	%		125	%		127	%
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets , including other real estate owned (a)		1.11	%		1.19	%		1.38	%		1.62	%		1.64	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned (a)		1.41	%		1.49	%		1.73	%		1.96	%		2.03	%
Nonperforming assets as a percent of total loans, leases and other assets, including other real estate owned		1.39	%		1.48	%		1.75	%		1.99	%		2.13	%

(a) Does not include nonaccrual loans held for sale

32

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ and shares in millions

(unaudited)

	For the Three Months Ended
	March 2013			December 2012			September 2012			June 2012			March 2012
Income before income taxes (U.S. GAAP)	$	591		$	540		$	503		$	565		$	603
Add: Provision expense (U.S. GAAP)		62			76			65			71			91
Pre-provision net revenue		653			616			568			636			694
Net income available to common shareholders (U.S. GAAP)		413			390			354			376			421
Add: Intangible amortization, net of tax		1			2			2			2			3
Tangible net income available to common shareholders		414			392			356			378			424
Tangible net income available to common shareholders (annualized) (a)		1,679			1,559			1,416			1,520			1,705
Average Bancorp shareholders’ equity (U.S. GAAP)		13,779			13,855			13,887			13,628			13,366
Less: Average preferred stock		398			398			398			398			398
Average goodwill		2,416			2,417			2,417			2,417			2,417
Average intangible assets		26			28			31			34			38
Average tangible common equity (b)		10,939			11,012			11,041			10,779			10,513
Total Bancorp shareholders’ equity (U.S. GAAP)		13,882			13,716			13,718			13,773			13,560
Less: Preferred stock		(398	)		(398	)		(398	)		(398	)		(398	)
Goodwill		(2,416	)		(2,416	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(25	)		(27	)		(30	)		(33	)		(36	)
Tangible common equity, including unrealized gains / losses (c)		11,043			10,875			10,873			10,925			10,709
Less: Accumulated other comprehensive income		(333	)		(375	)		(468	)		(454	)		(468	)
Tangible common equity, excluding unrealized gains / losses (d)		10,710			10,500			10,405			10,471			10,241
Add: Preferred stock		398			398			398			398			398
Tangible equity (e)		11,108			10,898			10,803			10,869			10,639
Total assets (U.S. GAAP)		121,382			121,894			117,483			117,543			116,747
Less: Goodwill		(2,416	)		(2,416	)		(2,417	)		(2,417	)		(2,417	)
Intangible assets		(25	)		(27	)		(30	)		(33	)		(36	)
Tangible assets, including unrealized gains / losses (f)		118,941			119,451			115,036			115,093			114,294
Less: Accumulated other comprehensive income / loss, before tax		(512	)		(577	)		(720	)		(698	)		(720	)
Tangible assets, excluding unrealized gains / losses (g)		118,429			118,874			114,316			114,395			113,574
Total Bancorp shareholders’ equity (U.S. GAAP)		13,882			13,716			13,718			13,773			13,560
Goodwill and certain other intangibles		(2,504	)		(2,499	)		(2,504	)		(2,512	)		(2,518	)
Unrealized gains		(333	)		(375	)		(468	)		(454	)		(468	)
Qualifying trust preferred securities		810			810			810			2,248			2,248
Other		23			33			38			38			38
Tier I capital		11,878			11,685			11,594			13,093			12,860
Less: Preferred stock		(398	)		(398	)		(398	)		(398	)		(398	)
Qualifying trust preferred securities		(810	)		(810	)		(810	)		(2,248	)		(2,248	)
Qualifying noncontrolling interests in consolidated subsidiaries		(38	)		(48	)		(51	)		(51	)		(50	)
Tier I common equity (h)		10,632			10,429			10,335			10,396			10,164
Common shares outstanding (i)		875			882			897			919			920
Risk-weighted assets, determined in accordance withprescribed regulatory requirements (j)		109,626			109,699			106,858			106,398			105,412
Ratios:
Return on average tangible common equity (a) / (b)		15.4	%		14.1	%		12.8	%		14.1	%		16.2	%
Tangible equity (e) / (g)		9.36	%		9.17	%		9.45	%		9.50	%		9.37	%
Tangible common equity (excluding unrealized gains/losses) (d) / (g)		9.03	%		8.83	%		9.10	%		9.15	%		9.02	%
Tangible common equity (including unrealized gains/losses) (c) / (f)		9.28	%		9.10	%		9.45	%		9.49	%		9.37	%
Tangible common equity as a percent of risk-weighted assets
(excluding unrealized gains/losses) (d) / (j)		9.77	%		9.57	%		9.74	%		9.84	%		9.71	%
Tangible book value per share (c) / (i)	$	12.62		$	12.33		$	12.12		$	11.89		$	11.64
Tier I common equity (h) / (j)		9.70	%		9.51	%		9.67	%		9.77	%		9.64	%
Basel III-Estimated Tier I common equity ratio
	March 2013			December 2012			September 2012			June 2012
Tier I common equity (Basel I)		10,632			10,429			10,335			10,396
Add: Adjustment related to AOCI for AFS securities		397			429			506			551
Estimated Tier I common equity under Basel III rules (k)		11,029			10,858			10,841			10,947
Estimated risk-weighted assets under Basel III rules (l)		123,720			123,725			120,308			119,428
Estimated Tier I common equity ratio under Basel III rules		8.91	%		8.78	%		9.01	%		9.17	%

(k) 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.

(l) 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.

33

Fifth Third Bancorp and Subsidiaries

Segment Presentation

$ in millions

(unaudited)

For the three months ended March 31, 2013	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income (a)	$	365		$	347		$	85		$	36		$	60		$	893
Provision for loan and lease losses		(43	)		(58	)		(29	)		(1	)		69			(62	)
Net interest income after provision for loan and lease losses		322			289			56			35			129			831
Total noninterest income		184			205			229			108			17			743
Total noninterest expense		(277	)		(423	)		(177	)		(115	)		14			(978	)
Net income before taxes		229			71			108			28			160			596
Applicable income taxes (a)		(44	)		(26	)		(38	)		(10	)		(66	)		(184	)
Net income		185			45			70			18			94			412
Net income attributable to noncontrolling interest		—			—			—			—			(10	)		(10	)
Net income attributable to Bancorp		185			45			70			18			104			422
Dividends on preferred stock		—			—			—			—			9			9
Net income available to common shareholders	$	185		$	45		$	70		$	18		$	95		$	413
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 September 30, 2012	Commercial Banking			Branch Banking			Consumer Lending			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

(a) Includes taxable equivalent adjustments of $5 million for the three months ended March 31, 2013, $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, and $5 million for the three months ended March 31, 2012.

34