8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 12, 2013

(Exact Name of Registrant as Specified in Its Charter)

OHIO

(State or Other Jurisdiction

of Incorporation)

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

(800) 972-3030

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

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

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

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

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

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

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

Item 7.01 Regulation FD Disclosure

On August 12, 2013 through August 14, 2013 Fifth Third Bancorp will present its August Investor Update. A copy of this presentation is attached as Exhibit 99.1. The information in this Form 8-K and the Exhibit attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1 Fifth Third Bancorp Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FIFTH THIRD BANCORP
	(Registrant)
August 12, 2013	/s/ Daniel T. Poston
	Daniel T. Poston
	Executive Vice President and
	Chief Financial Officer

EX-99.1

©

Fifth Third Bank | All Rights Reserved

Investor Update

August 2013

Please refer to earnings release dated July 18, 2013

and 10-Q dated August 7, 2013 for further information

Exhibit 99.1

2

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Fifth Third Bank | All Rights Reserved

Fifth Third franchise

$123 billion assets (#12)

$93 billion total deposits (#12)

$15 billion market cap (#12)

18 affiliates in 12 states

1,326 banking centers

2,433 ATMs

Leading market share in mature

Midwest market; strong presence in

higher growth Southeastern markets

Source: SNL Financial. Rankings based on U.S. headquartered commercial banks.

Data as of 6/30/13 

Kentucky

Tennessee

Georgia

Florida

North

Carolina

West

Virginia

Pennsylvania

Ohio

Michigan

Illinois

Indiana

Missouri

3

A strong franchise with strong momentum

Return on avg. assets

Net charge-off ratio

Net income available to

common shareholders ($MM)

Generated highest level of net income

to common shareholders since 2005.

Improving profitability approaching

target for normalized environment.

Problem assets are at the lowest

levels in five years.

Tier 1 common ratio*

Total payout ratio

ALLL / NPLs

Coverage levels more than adequate

to protect against potential losses.

Capital ratios continue to be strong

and remain near record levels.

Capital has increased

despite higher payouts.

31%

63%

11%

Vantiv

Other

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

$511

$503

$1,094

$1,541

2009

2010

2011

2012

2009

2010

2011

2012

0.64%

0.67%

1.15%

1.34%

3.20%

3.02%

1.49%

0.85%

2009

2010

2011

2012

2009

2010

2011

2012

127%

179%

157%

180%

6.99%

7.48%

9.35%

9.51%

2009

2010

2011

2012

2009

2010

2011

2012

6%

6%

23%

Dividends

Share Repurchase

©

Fifth Third Bank | All Rights Reserved

21%

4

Net income available to common shareholders of $582MM ($0.65 per

diluted share), vs. $413MM ($0.46 per share) in

1Q13 and $376MM ($0.40 per share) in 2Q12

—

Return on assets of 1.94%; return on average common equity of 17.3%; return on average tangible common equity** of 21.1%

—

Net

charge-offs

(NCOs)

of

$112MM

(0.51%

of

loans

and

leases)

down

$21MM

(12

bps)

vs.

1Q13

—

Provision expense of $64MM, up $2MM vs. 1Q13

—

Loan loss allowance down $48MM sequentially; allowance to loan ratio of 1.99%, 151% of nonperforming assets (NPAs),

191% of nonperforming loans and leases (NPLs)

—

Total

NPAs

of

$1.2B

including

loans

held-for-sale

(HFS)

down

$64MM,

or

5%,

from

1Q13;

NPA

ratio

of

1.32%

down

9

bps

from

1Q13, NPL ratio of 1.04% down 7 bps from 1Q13

—

Tier

1

common

ratio

9.43%**,

down

27

bps

sequentially

(Basel

III

pro

forma

estimate

of

~9.09%)

—

Tier 1 capital ratio 11.07%, Total capital ratio 14.34%, Leverage ratio 10.40%

—

Tangible common equity ratio** of 8.83% excluding unrealized gains/losses; 8.94% including them

—

Book value per share of $15.56; tangible book value per share** of $12.69 up 1% from 1Q13 and 7% from 2Q12

—

Repurchased ~26MM common shares in 2Q13; avg. diluted share count reduced by 13MM shares including impact from 1Q13

and 2Q13 share repurchases

2Q13 in review

*

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 recent prospective regulatory capital requirements approved in July 2013 and assumes that the Company elects to maintain the current treatment

of AOCI components in capital.

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

Significant

items

in

2Q13

results

$ in MM, except per share data

Net income impact

After tax EPS

impact

Pre-tax

After tax

Gain on sale of Vantiv shares

$242

$157

Valuation adjustment on Vantiv warrant

$76

$49

Bank-Owned Life Insurance (BOLI) settlement

$10

$7

Valuation adjustment on Visa total return swap

($5)

($3)

Increase to litigation reserves

($51)

($39)

Total

$171

$0.19

©

Fifth Third Bank | All Rights Reserved

Credit trends remain favorable

Strong capital ratios*

5

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Strong revenue and profit generation

2Q13 returns strong relative to peers

ROAA

ROATCE

•

Business mix provides higher than average diversity between spread and fee

revenues (45+% of revenue)

•

Relatively strong margin and relatively high fee income contribution drives strong

profitability despite interest rate environment

2Q13 PPNR* / Average Assets

Source: SNL

Financial

and

Company

Reports.

Data

as

of

2Q13.

Peer

median

includes:

BBT,

CMA,

HBAN,

KEY,

MTB,

PNC,

RF,

STI,

USB,

WFC,

and

ZION.

PPNR and ROATCE are Non-GAAP measures. See Reg. G reconciliation in appendix.

* Excludes securities gains / losses for FITB and peers.

^ See Page 20 in the Appendix for adjustments

Peer med. 1.7%

2.1%

Significant purchase

accounting benefit               

21.1%

1.94%

Adjusted^

As reported

USB

MTB

WFC

BBT

PNC

FITB^

HBAN

STI

RF

KEY

CMA

ZION

2.5%

3.0%

1.0%

1.5%

2.0%

0.0%

0.5%

1.35%

1.08%

14.7%

12.3%

FITB

Peer Median

FITB

Peer Median

6

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NII results reflect continued moderate NIM

pressure offset by balance sheet growth

* Represents purchase accounting adjustments included in net interest income.

^ Estimate; funding (DDAs + interest-bearing liabilities); liabilities attributed to fixed or floating using terms and expected beta

Fixed / Floating Portfolio

•

NIM declined 9 bps sequentially primarily due to lower loan yields and the maturity of

interest rate floors, partially offset by higher securities yields and debt maturity in 2Q13

•

Negative impact of lower rates on net interest income generally offset by loan growth

•

New origination spreads in commercial are tighter and reflect the impact of better credit

and overall relationship profitability targets that are supported by fee opportunities

•

Spreads in consumer businesses remain tight, inline with increased level of competition

•

Coupons on new fixed rate loan originations converging with portfolio average coupons

Interest-Earning

Assets

Funding^

Fixed

~55-60%

NII and NIM (FTE) ($MM)

Loans

51%

Loans

33%

Investment

Portfolio 3%

$885

$893

$903

$907

$899

Floating

54%

Fixed

46%

Floating

Fixed

Floating

~40-45%

4.0%

3.5%

3.0%

2.5%

2.0%

2Q12

3Q12

4Q12

1Q13

2Q13

Net Interest Income (right axis)

PAA*

NIM

$950

$850

$750

$650

$550

$450

3.56%

3.56%

3.49%

3.42%

3.33%

Investment

Portfolio

13%

7

©

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Strong loan growth,

ample opportunities for ongoing growth

Loan balances ($B)

Loan composition (EOP HFI)

47% C&I / lease

11% Commercial real estate

Commercial

25% Resi. mtg. / home equity

14% Auto

3% Card / other

Consumer

•

Solid loan growth with

disciplined lending standards

•

C&I and residential mortgage

balance growth more than

offset run-off in both home

equity and commercial real

estate loans (CRE run-off

continues to slow)

EOP loans HFI

Avg loans HFI

2Q12

3Q12

4Q12

1Q13

2Q13

$82.6

$82.9

$83.9

$85.9

$86.7

$87.0

$82.4

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Strengthened deposit profile

and increased value proposition to customers

Average deposit balances ($B)

Simplified deposit products

•

Straightforward,  easy to use

accounts

•

Reduced complexity

•

Elimination of certain fees

•

Total relationship earns better

rates and lower costs

•

Compatible with Fifth Third’s

strategic direction and new

regulatory landscape

Deposit growth benefited

from focus on

full customer relationship

$77.6

$77.5

$80.2

$80.9

$81.7

$82.0

$85.5

2Q12

3Q12

4Q12

1Q13

2Q13

Transaction deposits

Other time deposits

8

9

©

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Diverse revenue stream

55% Fee income

NII

Fee income as % of 2Q13 revenue

2Q13 Fee income distribution

Economic trends should support long-term improvement in results through

balance sheet growth and higher business activity

^ Includes other noninterest income and securities gains.

Strong momentum in key businesses:

•

Corporate banking: recent investments in capital markets capabilities, increased syndication

and interest rate derivatives revenue

•

Investment advisors: reflects strong brokerage production and wealth management fees as

well as higher market values

•

Retail banking: listening to voice of customer and enhancing channels and products to meet

consumer preferences

•

Consumer lending: reflects record mortgage originations offset by decline in margins; and

solid auto lending results

45%

Mortgage

22%

Card and

Processing

6%

Deposit

Fees

13%

Corporate

Banking

10%

Investment

Advisors

9%

Other^

40%

10

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Fifth Third Bank | All Rights Reserved

Disciplined expense management

•

Long-term target for mid-50% efficiency

ratio in normalized environment

Expense trend ($MM)

* Non-recurring items listed on page 20 in the appendix.

Managing expenses carefully in response to revenue

environment; continuous process of expense evaluation

Efficiency ratio trend

–

Potential benefit of higher interest

rates in future

–

Reflects below-capacity balance sheet

and lower revenue than we expect and

can support longer term

$1,200

$1,100

$1,000

$900

$800

$700

$600

2Q12

3Q12

4Q12

1Q13

2Q13

Reported expense

$937

$1,006

$1,163

$978

$1,035

Non-recurring items*:

Decreasing Expense

$18

$5

--

$9

$2

Increasing Expense

--

($55)

($173)

($9)

($60)

Adjusted Expense

$955

$956

$990

$978

$977

2Q12

3Q12

4Q12

1Q13

2Q13

62%

61%

60%

60%

62%

53%

60%

65%

59%

Efficiency Ratio

Adjusted*

64%

11

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Strong reserve position

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

Source: SNL and company reports. NPAs / NPLs exclude held-for-sale portion for all banks as well as covered assets for BBT, USB, and ZION

2Q13 coverage ratios strong

relative to peers

Industry leading reserve levels

Fifth Third

Peer Median

3.50%

3.00%

2.50%

2.00%

1.50%

1.00%

0.50%

0.00%

2Q12

3Q12

4Q12

1Q13

2Q13

($150)

($100)

($50)

$0

$50

$100

$150

$200

2.45%

2.32%

2.16%

2.08%

1.99%

$112

$133

$147

$156

$181

($110)

($91)

($71)

($71)

($48)

Net Charge-offs

Change in ALLL

Reserves

191%

151%

352%

134%

129%

311%

Reserves / NPLs

Reserves / NPAs

Reserves / Annualized YTD NCOs

12

©

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Strong capital position

Capital ratios remain strong

Tangible common equity ratio^*

Tier I capital ratio

Total risk-based capital ratio

Tier 1 common equity*

Including securities gains/losses

Basel III

Est. 9.1%**

2Q12

3Q12

4Q12

1Q13

2Q13

9.2%

9.1%

8.8%

9.0%

8.8%

9.5%

9.5%

9.1%

9.3%

8.9%

0%

2%

4%

6%

8%

10%

1%

3%

5%

7%

9%

9.8%

9.7%

9.5%

9.7%

9.4%

2Q12

3Q12

4Q12

1Q13

2Q13

0%

2%

4%

6%

8%

10%

12.3%

10.9%

10.7%

10.8%

11.1%

2Q12

3Q12

4Q12

1Q13

2Q13

TruPS redemption Impact^^

0%

6%

10%

2%

4%

8%

12%

14%

2Q12

3Q12

4Q12

1Q13

2Q13

TruPS redemption Impact^^

16.2%

14.8%

14.4%

14.4%

14.3%

0%

5%

10%

15%

20%

16.1%

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

** 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 recent prospective regulatory capital requirements approved in July 2013 and assumes that the Company elects to maintain the current treatment of

AOCI components in capital.

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

^^ Regulatory capital ratios for Fifth Third as of September 30, 2012, excluding the ~135 bps impact of Fifth Third’s call of $1.4B in TruPS in 3Q12 

Current period regulatory capital data ratios are estimated.

12.2%

13

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Fifth Third Bank | All Rights Reserved

Capital management philosophy

* Subject to Board of Directors and regulatory approval

Organic growth opportunities

•

Support growth of core banking franchise

•

Continued loan growth despite sluggish

economy

Strategic opportunities

•

Prudently evaluate opportunities to increase

density of franchise via disciplined

acquisitions or selective de novos

•

Expect future acquisition opportunities

although activity likely to remain muted in

near-term

•

Attain top 3 market position in 65% of

markets or more longer term

Dividends*

•

As previously indicated, target levels more

consistent with Fed’s near-term payout ratio

guidance of 30%

•

Strong levels of profitability would support

higher dividend than current level

•

Quarterly dividend increased to $0.12 in 2Q13

Repurchases / Redemptions

Consistent and prudent capital management philosophy

Capital Retention / Deployment

Capital Return

•

Common share repurchases to limit / manage growth of

excess capital levels

•

2013 CCAR included:

–

Potential repurchase of ~$1.2B in common stock

(including repurchases related to already realized

Vantiv gains)

o

Repurchased $539MM of common shares in

2Q13

–

Potential issuance of $1.05B in preferred stock

o

$593MM of preferred stock issued in 2Q13

–

Conversion of $398MM in 8.5% convertible preferred

stock into ~35.5MM common shares –

July 2013

•

Ability to repurchase shares in amount equal to any

future after-tax gains on sale of Vantiv shares

*

*

14

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Fifth Third Bank | All Rights Reserved

Available and contingent borrowing capacity (2Q13):

–

FHLB ~$11B available, ~$12B total

–

Federal Reserve ~$29B

Holding Company cash at 6/30/13: $1.8B

Cash currently sufficient to satisfy all fixed obligations

in a stressed environment for over 2 years (debt

maturities, common and preferred dividends, interest

and other expenses) without accessing capital markets;

relying on dividends from subsidiaries or any other

discretionary actions

Expected cash obligations over the next 24 months

—

~$783MM common dividends

—

~$74MM Series G preferred dividends

—

~$639MM interest and other expenses

Holding company unsecured debt maturities ($MM)

Bank unsecured debt maturities ($MM)

Heavily core funded

Strong liquidity profile

2013

2014

2015

2016

2017

2018

2019 on

Fifth Third Bancorp

Fifth Third Capital Trust (Bancorp)

$1,250

$500

$500

$2,312

2013

2014

2015

2016

2017

2018

2019 on

$1,447

$500

$700

$600

Interest

checking

19%

Demand

24%

L-T debt

6%

Equity

12%

Other

liabilities

5%

Savings/

MMDA

22%

Consumer

time

3%

Foreign

Office

1%

S-T

borrowings

2%

Non-Core

Deposits

6%

S-T

wholesale

8%

15

©

Fifth Third Bank | All Rights Reserved

Well-positioned for the future

•

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

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

on dividends from subsidiaries or any other discretionary actions

•

~9.1% pro forma Basel III Tier 1 common capital ratio^ under recent prospective regulatory capital requirements 

Superior capital and liquidity position

•

NCOs lowest reported in more than 5 years; delinquencies at lowest level since 2001

•

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

•

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

Proactive approach to risk management

•

Traditional commercial banking franchise built on customer-oriented localized operating model

•

Strong market share in key markets with focus on further improving density

•

Fee income ~55% of total revenue

Diversified traditional banking platform

•

2012 most profitable year since 2005; second highest level of net income in Fifth Third’s history

•

PPNR has remained strong throughout the credit cycle

•

1.9% ROAA,21.1% ROATCE^; excluding Vantiv 1.3% ROAA, 13.7% ROTCE

Industry leader in earnings power

^ Non-GAAP measure.  See Reg. G reconciliation in Appendix.

16

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Fifth Third Bank | All Rights Reserved

Well-positioned for success and leadership in new banking landscape

Strong levels of

profitability

Broad-based

credit

improvements

Exceed fully

phased-in Basel

III capital

standards today

Well-established

franchise in key

markets

Organic growth

success

Continued

investments to

maintain and

enhance

revenue-

generation

Disciplined

expense control

Traditional

banking focus

consistent with

direction of

financial reform

17

©

Fifth Third Bank | All Rights Reserved

Cautionary statement

This report contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act

of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and

Rule 3b-6 promulgated thereunder. These statements relate to our financial condition, results of operations, plans, objectives, future

performance or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are

expected to,” “is anticipated,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as

“believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,”

“should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks

and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K. When considering

these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements we may

make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then

actually known to us. 

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-

looking statements. Factors that might cause such a difference include, but are not limited to: (1) general economic conditions and

weakening in the economy, specifically the real estate market, either nationally or in the states in which Fifth Third, one or more acquired

entities and/or the combined company do business, are less favorable than expected; (2) deteriorating credit quality; (3) political

developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes

in the interest rate environment reduce interest margins; (5) prepayment speeds, loan origination and sale volumes, charge-offs and loan

loss provisions; (6) Fifth Third’s ability to maintain required capital levels and adequate sources of funding and liquidity; (7) maintaining

capital requirements may limit Fifth Third’s operations and potential growth; (8) changes and trends in capital markets; (9) problems

encountered by larger or similar financial institutions may adversely affect the banking industry and/or Fifth Third; (10) competitive

pressures among depository institutions increase significantly; (11) effects of critical accounting policies and judgments; (12) changes in

accounting policies or procedures as may be required by the Financial Accounting Standards Board (FASB) or other regulatory

agencies; (13) legislative or regulatory changes or actions, or significant litigation, adversely affect Fifth Third, one or more acquired

entities and/or the combined company or the businesses in which Fifth Third, one or more acquired entities and/or the combined

company are engaged, including the Dodd-Frank Wall Street Reform and Consumer Protection Act; (14) ability to maintain favorable

ratings from rating agencies; (15) fluctuation of Fifth Third’s stock price; (16) ability to attract and retain key personnel; (17) ability to

receive dividends from its subsidiaries; (18) potentially dilutive effect of future acquisitions on current shareholders’ ownership of Fifth

Third; (19) effects of accounting or financial results of one or more acquired entities; (20) difficulties from the separation of or the results

of operations of Vantiv, LLC; (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.

©

Fifth Third Bank | All Rights Reserved

Appendix

19

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Fifth Third Bank | All Rights Reserved

Financial summary

Actual

Seq.

YOY

($ in millions)

2Q12

1Q13

2Q13

$

%

$

%

Average Balances

Commercial loans*

$46,886

$49,611

$50,513

$902

2%

$3,627

8%

Consumer loans*

35,700

36,292

36,194

(98)

-

494

1%

Total loans & leases*

$82,586

$85,903

$86,707

$804

1%

$4,121

5%

Core deposits

$81,980

$84,920

$85,537

$617

1%

$3,557

4%

Income Statement Data

Net interest income (taxable equivalent)

$899

$893

$885

($8)

(1%)

($14)

(2%)

Provision for loan and lease losses

71

62

64

2

2%

(7)

(11%)

Noninterest income

678

743

1,060

317

43%

382

56%

Noninterest expense

937

978

1,035

57

6%

98

10%

Net income attributable to Bancorp

$385

$422

$591

$169

40%

$206

53%

Net income available to common shareholders

$376

$413

$582

$169

41%

$206

55%

Pre-provision net revenue^

$636

$653

$905

$252

39%

$269

42%

Earnings per share, diluted

0.40

0.46

0.65

$0.19

41%

$0.25

63%

Net interest margin

3.56%

3.42%

3.33%

(9bps)

(3%)

(23bps)

(6%)

Return on average assets

1.32%

1.41%

1.94%

53bps

38%

62bps

47%

Return on average common equity

11.4%

12.5%

17.3%

480bps

38%

590bps

52%

Return on average tangible common equity^

14.1%

15.4%

21.1%

570bps

37%

700bps

50%

* Excluding loans held-for-sale

^

Non-GAAP measure; See Reg. G reconciliation.

Note: Numbers may not sum due to rounding and percentages in all of the tables in this presentation are calculated on actual dollar amounts not the rounded dollar

amounts.

•

2Q13

earnings

of

$0.65

per

share

included

net

$0.22

benefit

from

sale

of

Vantiv

shares

and

warrant

valuation.

•

ROAA of 1.94% including Vantiv-related gains, 1.26% excluding them; ROATCE^ of 21.1% including Vantiv-related gains, 13.7%

excluding them.

•

10

consecutive

quarter

of

sequential

average

portfolio

loan

growth.

th

20

Pre-tax pre-provision earnings*

PPNR trend

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

**

There

are

limitations

on

the

usefulness

of

credit-adjusted

PPNR,

including

the

significant

degree

to

which

changes

in

credit

and

fair

value

are

integral,

recurring

components

of

the

Bancorp’s

core

operations

as

a

financial

institution.

This

measure

has

been

included

herein

to

facilitate

a

greater

understanding

of

the

Bancorp’s

financial condition.

^ Prior quarters include similar adjustments.

^^ See Slide 7 and Slide 8 of 2Q13 Earnings Presentation dated July 18, 2013 for detailed breakout of credit-related items.

Note:

2Q13,

4Q12,

and

3Q12

also

included

mortgage

repurchase

reserve

build

of

$9

million,

$26

million,

and

$22

million,

respectively

related

to

additional

guidance

received from Freddie Mac.

•

PPNR of $905MM up 39% from 1Q13 levels and up 42% from prior year

•

Adjusted PPNR of $631MM, up 5% sequentially and up 6% from prior

year

PPNR reconciliation

$800

$700

$600

$500

$400

$300

$200

$100

$0

2Q12

3Q12

4Q12

1Q13

2Q13

PPNR

$636

$568

$616

$653

$905

40

17

59

14

68

13

24

10

35

6

593

598

638

602

631

($ in millions)

2Q12

3Q12

4Q12

1Q13

2Q13

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

$565

$503

$540

$591

$841

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

71

65

76

62

64

PPNR (a) + (b)

$636

$568

$616

$653

$905

Adjustments

to

remove

(benefit)

/

detriment^:

In

noninterest

income:

-

-

(157)

-

(242)

Valuation of 2009 Visa total return swap

11

1

15

7

5

Vantiv warrant & puts

(56)

16

19

(34)

(76)

Valuation of bank premises moved to HFS

17

-

-

-

-

Litigation reserve additions in revenue

6

-

-

-

-

Sale of certain Fifth Third funds

-

(13)

-

(7)

-

BOLI settlement

-

-

-

-

(10)

Securities (gains) / losses

(3)

(2)

(2)

(17)

-

In

noninterest

expense:

Debt extinguishment (gains) / losses

-

26

134

-

-

Sale of certain Fifth Third funds

-

2

-

-

-

FDIC insurance expense

(9)

-

-

-

-

Gain on sale of affordable housing

(8)

(5)

-

(9)

(2)

Litigation reserve additions in expense

(1)

5

13

9

51

Adjusted PPNR

$593

$598

$638

$602

$631

Credit-related

items^^:

In noninterest income

17

14

13

10

6

In noninterest expense

40

59

68

24

35

Credit-adjusted PPNR**

$650

$671

$719

$636

$672

Noninterest Expense Credit Items

Fee Income Credit Items

Adjusted

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

©

Fifth Third Bank | All Rights Reserved

21

©

Fifth Third Bank | All Rights Reserved

Strong mortgage banking results

•

Record origination fees and gain on loan

sales in FY12

–

Driven by record gain on sale margins

and origination volumes

Mortgage originations and gain-on-sale margin*

Mortgage Banking Revenue ($MM)

* Gain-on-sale margin represents gains on all loans originated for sale.

Note: Numbers may not sum due to rounding

$233

$220

$200

$183

63

62

64

7

42

61

62

72

(51)

(53)

(52)

(48)

(40)

(22)

(41)

239

169

$258

226

183

150

$8

$7

$6

$5

$4

$3

$2

$1

$0

($B)

2Q12

3Q12

4Q12

1Q13

2Q13

Margin*

Originations HFI

Originations for sale

5.0%

4.5%

4.0%

3.5%

3.0%

2.5%

2.0%

1.5%

1.0%

0.5%

0.0%

•

2Q13 mortgage volume a record

•

Expect lower mortgage gain on sale

revenue on lower volume due to:

2Q12

3Q12

4Q12

1Q13

2Q13

Orig fees and gains on loan sales

Servicing rights amortization

Gross servicing fees

MSR valuation adjustment

–

Gains down $19MM due to lower gain

on sale margins

–

Gain on sale margins declined

significantly in June due to rising

mortgage rates

–

MSR valuation adjustments of positive

$72 million offset lower gains on sale

–

Waning of refinance boom

o

Impact of higher mortgage rates

–

Competitive pressure on industry

margins

–

Lower HARP volumes

•

Potential for better mortgage servicing

results as rates increase

22

©

Fifth Third Bank | All Rights Reserved

Corporate banking business generating growth

•

3% average C&I loan growth

2Q13 vs 1Q13; 15% average C&I

loan growth 2Q13 vs 2Q12

•

Reflects investments in mid-

corporate space (businesses

that generate $500MM to $2B in

revenue)

•

C&I production broad based

across industries and sectors;

reflects strength in healthcare

and manufacturing industries

•

Launch of Energy Lending

initiative in 2H12

C&I Portfolio^ ($B)

^ Presented on an average basis; Excluding held-for-sale loans.

Corporate banking

revenue ($MM)

Commercial deposit fees

YoY % growth

•

2Q13 corporate banking revenue

up 7% from 1Q13 and 4% from

2Q12

•

YOY growth in corporate

banking revenue driven by:

–

Investments in capital

markets capabilities

–

Increased syndication and

business lending fees

•

Led/co-led ~80% of syndications

in 2012 vs ~60% in 2011

•

Broad product set and

capabilities to deliver solutions

that meet client needs

•

Growth from investments in

treasury management business

•

Remote Currency Manager

(RCM) contributed ~$13MM in

revenue in 2012

–

Remote cash management

solution that simplifies

cash handling and

improves cash flow

•

Specialized healthcare industry

products including RevLink

Solutions platform; ~20%

increase in accounts 2012 vs

2011

$32

$34

$30

$28

$26

$24

$22

$20

2011

2012

2011

2012

2011

2012

$410

$430

$370

$390

$330

$350

$290

$310

$270

$250

5%

6%

7%

8%

2%

3%

4%

0%

1%

28.5

32.9

350

413

+7%

+2%

Momentum building in consumer bank as a

result of investments and strategic changes

Consumer deposit activity

More distribution channels for customers to access our products and services

Online banking

Mobile banking

Alternative channel delivery

Consumer segment net income ($MM)

Investments showing up in

stronger consumer segment results

Indirect auto lending footprint

Expanded footprint

Card innovation

New products that fit the way

customers choose to bank

% of checking households with

Transaction volume by channel

5%

18%

77%

Branch

ATM

Mobile

2009

2Q13

47%

50%

2011

2Q13

9%

19%

2009

2012

36 states

45 states

2Q12

3Q12

4Q12

1Q13

2Q13

Branch Banking

Consumer Lending

$129

$83

©

Fifth Third Bank | All Rights Reserved

23

24

©

Fifth Third Bank | All Rights Reserved

Mortgage repurchase overview

2Q13 balances of outstanding claims increased 13% from 1Q13

—

Within recent range of quarterly volatility

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

agencies

—

99% of outstanding balance of loans sold

—

89% of current quarter outstanding claims

Approximately 87% of outstanding balances of the serviced for

others portfolio relates to origination activity in 2009 and later

Private claims and exposure relate to whole loan sales (no

outstanding first mortgage securitizations)

—

Preponderance of private sales prior to 2006

Repurchase Reserves* ($ in millions)

Outstanding Counterparty Claims ($ in millions)

2Q12

3Q12

4Q12

1Q13

2Q13

Beginning balance

$71

$75

$99

$131

$133

Net reserve additions   

20

39

47

22

20

Repurchase losses

(16)

(15)

(15)

(20)

(14)

Ending balance

$75

$99

$131

$133

$139

* Includes reps and warranty reserve ($117MM) and reserve for loans sold with recourse ($21MM)

Note: Numbers may not sum due to rounding

% Current          41%           29%           19%           26%

27%           

Outstanding Balance of Sold Loans ($ in millions)

Fannie

Freddie

GNMA

Private

Total

2003 and Prior

$422

$1,876

$131

$141

$2,570

2004

177

679

26

103

985

2005

170

806

35

104

1,116

2006

230

644

32

169

1,075

9%

2007

330

1,059

42

140

1,572

2008

407

794

315

-

1,517

2009

969

4,661

2,414

1

8,045

2010

2,298

5,204

2,288

-

9,790

2011

2,962

5,518

1,854

-

10,333

2012

5,274

10,058

4,376

52

19,760

2013

2,425

4,325

3,504

151

10,405

Grand Total

$15,663

$35,625

$15,017

$862

$67,167

1.2%

$100

$120

$60

$80

$20

$40

$-

$96

$73

$66

$47

$53

18

19

19

5

6

79

55

48

42

47

2Q12

3Q12

4Q12

1Q13

2Q13

Agencies

Private

Total Claims

2004-2008 vintages account for ~84% of total life to date losses

of $422MM from sold portfolio

$9 increase in representation & warranty reserve resulting from

new Freddie Mac guidance regarding potential for 2004-2006

repurchase claims

25

©

Fifth Third Bank | All Rights Reserved

Actual

Seq.

YOY

($ in millions)

2Q12

1Q13

2Q13

$

%

$

%

C&I

$46

$25

$33

$8

32%

($13)

(28%)

Commercial mortgage

25

26

10

(16)

(58%)

(15)

(57%)

Commercial construction

-

3

-

(3)

NM

-

NM

Commercial lease

7

-

2

2

NM

(5)

(78%)

Commercial

$78

$54

$45

($9)

(15%)

($33)

(42%)

Residential mortgage loans

36

20

15

(5)

(29%)

(21)

(59%)

Home equity

39

30

23

(7)

(23%)

(16)

(41%)

Automobile

7

4

5

1

6%

(2)

(22%)

Credit card

18

20

19

(1)

(3%)

1

6%

Other consumer

3

5

5

-

(8%)

2

37%

Consumer

$103

$79

$67

($12)

(17%)

($36)

(36%)

Total net charge-offs

$181

$133

$112

($21)

(16%)

($69)

(39%)

Net charge-offs

Net charge-offs by loan type

Net charge-offs by geography

$133

Net charge-offs ($MM)

$112

$181

$156

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

$MM

%

Florida

$13

12%

Michigan

15        

14%

Subtotal

$28

26%

Other

84        

74%

Total

$112

100%

NCO ratio

0.88%

0.75%

0.70%

0.63%

0.51%

Note: Numbers may not sum due to rounding.

Card

17%

Auto

4%

Home

equity

21%

Residential

mortgage

13%

Coml lease

1%

Coml.

mortgage

10%

C&l

30%

Other

consumer

4%

NC

3%

FL

12%

MI

14%

OH

24%

IN

4%

IL

17%

KY

4%

Other /

National

21%

TN

1%

$200

$150

$100

$50

$0

$147

67

79

91

94

103

78

62

56

54

45

2Q12

3Q12

4Q12

1Q13

2Q13

$MM

%

Commercial

$45

41%

Consumer

$67

59%

Total  

$112

100%

Commercial

Consumer

26

©

Fifth Third Bank | All Rights Reserved

Nonperforming assets

•

NPAs of $1.2B excluding held-for-sale down

29% year-over-year

•

Commercial NPAs of $794MM, down 33% from

the previous year

–

Homebuilder / developer NPAs of

$63MM; represent 8% of total

commercial NPAs

•

Consumer NPAs of $356MM, down 18% from

the previous year

•

NPAs in held-for-sale of $15MM

C&I / Lease

$370MM, 32%

CRE

$424MM, 37%

Residential Mortgage

$312MM, 27%

Other Consumer

$44MM, 4%

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

NORTH

CAROLINA

OTHER /

NATIONAL

NPAs exclude loans held-for-sale.

Nonperforming assets ($MM)

Nonperforming assets continue to improve

$1,286

$1,210

$1,150

$1,619

$1,446

437

429

403

382

356

1,182

1,017

883

828

794

$2,000

$1,500

$1,000

$500

$0

2Q12

3Q12

4Q12

1Q13

2Q13

NPA ratio

Commercial

Consumer

1.96%

1.73%

1.49%

1.41%

1.32%

13%

9%

12%

2%

25%

14%

<1%

<1%

25%

28%

24%

20%

5%

10%

5%

2%

4%

2%

40%

11%

18%

4%

12%

4%

3%

8%

7%

16%

29%

8%

10%

9%

3%

18%

27

Troubled debt restructurings overview

Successive improvement in vintage performance during

2008 and 2009 as volume of modification increased

Of $1.8B in consumer TDRs, $1.7B were on accrual

status and $162MM were nonaccruals

—

$1.2B of TDRs are current and have been on the

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

TDRs are current and have been on the books for

more than a year

As current TDRs season, their default propensity

declines significantly

—

We see much lower defaults on current loans after

a vintage approaches 12 months since

modification

TDR performance has improved in newer vintages

Source:  Fifth Third and OCC/OTS data through 4Q12

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

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

©

Fifth Third Bank | All Rights Reserved

58%

10%

12%

11%

9%

< 6 months

6-12 months

12-18 months

18-24 months

24+ months

$1.4B current consumer TDRs (%)

$1.2

billion

10%

1%

22%

12%

18%

37%

2008

2009

2010

2011

2012

2013

45%

40%

35%

30%

25%

20%

15%

10%

5%

0%

6

12

18

2008

2009

2010

2011

2012

Mortgage TDR Volume by Vintage

Months Since Modification

28

NPL Rollforward

Significant improvement in NPL inflows over past year

Note: Numbers may not sum due to rounding

NPL HFI Rollforward

Commercial

2Q12

3Q12

4Q12

1Q13

2Q13

988

983

806

697

639

Transfers to nonperforming

203

120

68

80

151

Transfers to performing

0

(17)

(4)

(1)

(6)

Transfers to performing (restructured)

(4)

(20)

(5)

(4)

(7)

Transfers to held-for-sale

(3)

(7)

-

(1)

(2)

Loans sold from portfolio

(4)

(18)

(6)

(3)

(2)

Loan paydowns/payoffs

(123)

(159)

(89)

(53)

(80)

Transfers to other real estate owned

(15)

(35)

(22)

(27)

(28)

Charge-offs

(79)

(62)

(55)

(54)

(45)

Draws/other extensions of credit

20

21

4

5

3

983

806

697

639

623

Consumer

2Q12

3Q12

4Q12

1Q13

2Q13

364

359

347

332

312

Transfers to nonperforming

182

161

146

124

116

Transfers to performing

(26)

(29)

(28)

(26)

(31)

Transfers to performing (restructured)

(40)

(37)

(34)

(29)

(28)

Transfers to held-for-sale

-

-

-

-

-

Loans sold from portfolio

-

-

-

-

-

Loan paydowns/payoffs

(32)

(38)

(36)

(27)

(32)

Transfers to OREO/other repossessed property

(18)

(17)

(18)

(17)

(21)

Charge-offs

(72)

(53)

(47)

(46)

(30)

Draws/other extensions of credit

1

1

1

1

(1)

359

347

332

312

285

Total NPL

1,342

1,153

1,029

951

909

Total

new

nonaccrual

loans

-

HFI

385

281

214

204

267

Beginning NPL amount

Ending Commercial NPL

Beginning NPL amount

Ending Consumer NPL

©

Fifth Third Bank | All Rights Reserved

29

Commercial & industrial

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & industrial loans represented 43% of total loans

and 29% of net charge-offs

•

FL represented 6% of loans, 10% of 2Q13 losses

* Excludes loans held-for-sale.

©

Fifth Third Bank | All Rights Reserved

FL

6%

MI

8%

OH

14%

IN

5%

IL

13%

KY

3%

TN

5%

NC

4%

($ in millions)

2Q12

3Q12

4Q12

1Q13

2Q13

EOP Balance*

$32,612

$33,344

$36,038

$36,757

$37,856

Avg Loans*

$32,734

$33,111

$34,301

$36,395

$37,630

90+ days delinquent

$2

$1

$1

$1

-

as % of loans

0.01%

NM

NM

NM

NM

NPAs*

$479

$406

$352

$332

$361

as % of loans

1.47%

1.22%

0.98%

0.90%

0.95%

Net charge-offs

$46

$29

$36

$25

$33

as % of loans

0.57%

0.36%

0.42%

0.28%

0.35%

C&I

Auto

Manufacturing

1%

Accommodation

3%

Construction

4%

Finance &

Insurance

14%

Other

36%

Wholesale

Trade

10%

Auto Retailers

2%

Retail Trade

4%

Real Estate

3%

Manufacturing

23%

Other /

National

42%

30

©

Fifth Third Bank | All Rights Reserved

Commercial mortgage

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial mortgage loans represented 10% of total loans

and 9% of net charge-offs

•

Owner occupied 2Q13 NCO ratio of 0.3%, non-owner occupied

2Q13 NCO ratio of 0.7%

•

Loans from FL/MI represented 37% of portfolio loans, 49% of

portfolio losses in 2Q13

* Excludes loans held-for-sale.

($ in millions)

2Q12

3Q12

4Q12

1Q13

2Q13

EOP Balance*

$9,662

$9,348

$9,103

$8,766

$8,443

Avg Loans*

$9,810

$9,567

$9,193

$8,965

$8,618

90+ days delinquent

$22

$22

$22

-

-

as % of loans

0.23%

0.24%

0.24%

NM

NM

NPAs*

$555

$489

$434

$409

$355

as % of loans

5.66%

5.15%

4.69%

4.59%

4.15%

Net charge-offs

$25

$28

$17

$26

$10

as % of loans

1.04%

1.15%

0.70%

1.18%

0.50%

Commercial mortgage

MI

24%

OH

27%

IN

6%

IL

10%

KY

3%

TN

2%

NC

4%

Other /

National

11%

FL

13%

Accommodation

5%

Auto

Manufacturing

<1%

Construction

5%

Finance &

Insurance

3%

Manufacturing

8%

Real Estate

38%

Retail Trade

5%

Auto Retailers

3%

Whoesale

Trade

4%

Other

28%

31

©

Fifth Third Bank | All Rights Reserved

Commercial construction

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial construction loans represented 1% of total loans

and increased 9% from 1Q13

•

Loans from FL/MI represented 22% of portfolio loans

* Excludes loans held-for-sale.

Accommodation

1%

Construction

18%

Finance &

insurance

3%

Manufacturing

1%

Real estate

58%

Retail Trade

1%

Auto Retailers

1%

Wholesale

Trade

1%

Other

16%

MI

12%

OH

21%

IN

3%

IL

14%

KY

3%

TN

3%

NC

4%

Other /

National

30%

FL

10%

($ in millions)

2Q12

3Q12

4Q12

1Q13

2Q13

EOP Balance*

$822

$672

$698

$694

$754

Avg Loans*

$873

$742

$686

$695

$713

90+ days delinquent

-

-

$1

-

-

as % of loans

NM

NM

0.14%

NM

NM

NPAs*

$141

$110

$88

$78

$69

as % of loans

16.57%

15.77%

12.37%

11.12%

8.88%

Net charge-offs

-

$4

$4

$3

-

as % of loans

(0.12%)

2.29%

1.91%

1.44%

(0.04%)

Commercial construction

32

©

Fifth Third Bank | All Rights Reserved

Homebuilders/developers

(included in previous slides)

Loans by geography

Credit trends

Loans by industry

Comments

•

Originations of builder/developer loans suspended in 2007

•

Remaining portfolio balance of $253MM, down 92% from

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

<1% of commercial loans

•

$63MM of NPAs (60% commercial mortgage, 28%

commercial construction, 12% C&I)

* Excludes loans held-for-sale.

C&I

26%

Commercial

mortgage

43%

Commercial

construction

31%

OH

44%

MI

18%

FL

2%

Other /

National

<1%

NC

10%

TN

6%

KY

4%

IL

10%

IN

6%

($ in millions)

2Q12

3Q12

4Q12

1Q13

2Q13

EOP Balance*

$376

$376

$318

$309

$285

90+ days delinquent

-

-

-

-

-

as % of loans

NM

NM

NM

NM

NM

NPAs*

$114

$104

$88

$79

$63

as % of loans

26.52%

23.96%

24.19%

22.44%

22.00%

Net charge-offs

$4

$3

-

$1

($1)

as % of loans

4.37%

2.85%

0.28%

1.57%

(0.84%)

Homebuilders/developers

33

©

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Residential mortgage

1    liens: 100%; weighted average LTV: 72.6%

Weighted average origination FICO: 753

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

720-749 14%; 750+ 57%; Other^ 8%

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

Origination LTV distribution: <=70 39%; 70.1-80 37%; 80.1-90 7%;

90.1-95 4%; >95 13%

Vintage distribution: 2013: 14%; 2012 26%; 2011 17%; 2010 9%;

2009 4%; 2008 4%; 2007 5%; 2006 5%; 2005 8%; 2004 and prior 8%

13% originated through broker; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

^ Includes acquired loans where FICO at origination is not available

* Excludes loans held-for-sale

•

Residential mortgage loans represented 14% of total loans

and 13% of net charge-offs

•

FL portfolio 13% of residential mortgage loans and 31% of

portfolio losses; MI portfolio 15% of residential mortgage

loans and 18% of portfolio losses

st

MI

15%

OH

25%

IN

8%

IL

13%

KY

6%

TN

2%

NC

5%

Other / 

National

13%

FL

13%

($ in millions)

2Q12

3Q12

4Q12

1Q13

2Q13

EOP Balance*

$11,429

$11,708

$12,017

$12,091

$12,400

Avg Loans*

$11,274

$11,578

$11,846

$12,096

$12,260

90+ days delinquent

$80

$76

$75

$74

$71

as % of loans

0.70%

0.65%

0.62%

0.61%

0.57%

NPAs*

$322

$317

$290

$275

$255

as % of loans

2.82%

2.71%

2.41%

2.27%

2.06%

Net charge-offs

$36

$26

$23

$20

$15

as % of loans

1.28%

0.90%

0.77%

0.69%

0.48%

Residential mortgage

34

Home equity loans represented  11% of total loans and 21% of net

charge-offs

Approximately 13% of portfolio in broker product generated 32% total

loss

Approximately

one

third

of

Fifth

Third

2

liens

are

behind

Fifth

Third

1

liens

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

for 43% of losses

Home equity

1

liens:

33%;

2nd

liens:

67% 

Weighted average origination FICO: 751

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

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

Average CLTV: 73%; Origination CLTV distribution: <=70 40%; 70.1-

80 23%; 80.1-90 19%; 90.1-95 6%; >95 12%

Vintage distribution: 2013: 3%; 2012 5%; 2011 3%; 2010 3%; 2009

4%; 2008 10%; 2007 10%; 2006 14%; 2005 13%; 2004 and prior 35%

% through broker channels: 13% WA FICO: 734 brokered, 754 direct;

WA CLTV: 88% brokered; 71% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

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

^ Includes acquired loans where FICO at origination is not available

* Excludes loans held-for-sale

($ in millions)

2Q12

3Q12

4Q12

1Q13

2Q13

EOP Balance*

$1,458

$1,414

$1,366

$1,321

$1,275

90+ days delinquent

$17

$16

$14

$13

$11

as % of loans

1.15%

1.16%

1.05%

1.02%

0.89%

Net charge-offs

$14

$13

$12

$10

$7

as % of loans

3.76%

3.62%

3.48%

3.08%

2.30%

Home equity -

brokered

($ in millions)

2Q12

3Q12

4Q12

1Q13

2Q13

EOP Balance*

$8,919

$8,824

$8,652

$8,406

$8,256

90+ days delinquent

$50

$49

$44

$40

$37

as % of loans

0.56%

0.55%

0.50%

0.47%

0.44%

Net charge-offs

$25

$24

$22

$20

$16

as % of loans

1.14%

1.09%

1.01%

0.93%

0.76%

Home equity -

direct

©

Fifth Third Bank | All Rights Reserved

IL

13%

IN

10%

OH

25%

KY

7%

TN

2%

NC

1%

Other

17%

FL

3%

MI

22%

Other

2%

FL

9%

MI

20%

NC

5%

TN

1%

KY

8%

IL

14%

IN

9%

OH

32%

nd

st

st

35

©

Fifth Third Bank | All Rights Reserved

Florida market*

Deterioration in real estate values having effect on credit trends as evidenced by elevated NPA/NCOs in real estate related products

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

* NPAs exclude loans held-for-sale.

Note: Numbers may not sum due to rounding

Loans ($B)

% of

FITB

NPAs

($MM)

% of

FITB

NCOs

($MM)

% of

FITB

Commercial loans

2.4

6%

39

11%

3

10%

Commercial mortgage

1.1

13%

93

26%

1

6%

Commercial construction

0.1

10%

24

34%

-

NM

Commercial lease

0.1

2%

7

88%

-

NM

Commercial

3.7

7%

164

21%

4

9%

Mortgage

1.7

13%

113

46%

5

31%

Home equity

0.7

8%

11

19%

3

12%

Auto

0.6

5%

1

8%

-

NM

Credit card

0.1

5%

3

7%

1

6%

Other consumer

0.0

3%

-

NM

1

13%

Consumer

3.1

8%

127

36%

9

14%

Total

6.8

291

13

Florida

8%

12%

25%

8%

2%

36%

17%

1%

1%

24%

11%

39%

3%

8%

32%

14%

<1%

4%

1%

22%

9%

4%

25%

5%

<1%

34%

36

©

Fifth Third Bank | All Rights Reserved

Michigan market*

Deterioration in home price values coupled with weak economy impacted credit results due to frequency of defaults and severity

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs**

30%

19%

18%

8%

1%

2%

18%

3%

1%

53%

5%

15%

5%

18%

<1%

<1%

4%

17%

29%

5%

16%

29%

4%

Loans ($B)

% of

FITB

NPAs

($MM)

% of

FITB

NCOs

($MM)

% of

FITB

Commercial loans

3.2

8%

33

9%

-

NM

Commercial mortgage

2.1

24%

93

26%

5

43%

Commercial construction

0.1

12%

8

12%

-

NM

Commercial lease

0.2

5%

0

3%

-

NM

Commercial

5.5

11%

134

17%

4

9%

Mortgage

1.9

15%

26

10%

3

18%

Home equity

1.9

20%

9

16%

5

20%

Auto

0.9

7%

1

7%

1

15%

Credit card

0.3

14%

7

18%

2

13%

Other consumer

0.1

20%

-

NM

1

16%

Consumer

5.0

14%

42

12%

11

17%

Total

10.5

12%

176

15%

15

14%

Michigan

* NPAs exclude loans held-for-sale.

** C&I, Commercial Construction, and Commercial Lease net charge-offs resulted in ~$0.5MM net recoveries, which are excluded from this graph.

Note: Numbers may not sum due to rounding

37

©

Fifth Third Bank | All Rights Reserved

Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

June

March

December

September

June

2013

2013

2012

2012

2012

Income before income taxes (U.S. GAAP)

$841

$591

$540

$503

$565

Add:

Provision expense (U.S. GAAP)

64

62

76

65

71

Pre-provision net revenue (a)

905

653

616

568

636

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

582

413

390

354

376

Add:

Intangible amortization, net of tax

1

1

2

2

2

Tangible net income available to common shareholders

583

414

392

356

378

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

2,338

1,679

1,559

1,416

1,520

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

14,221

13,779

13,855

13,887

13,628

Less:

Average preferred stock

(717)

(398)

(398)

(398)

(398)

Average goodwill

(2,416)

(2,416)

(2,417)

(2,417)

(2,417)

Average intangible assets

(24)

(26)

(28)

(31)

(34)

Average tangible common equity (c)

11,064

10,939

11,012

11,041

10,779

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

14,239

13,882

13,716

13,718

13,773

Less: 

Preferred stock

(991)

(398)

(398)

(398)

(398)

Goodwill

(2,416)

(2,416)

(2,416)

(2,417)

(2,417)

Intangible assets

(23)

(25)

(27)

(30)

(33)

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

10,809

11,043

10,875

10,873

10,925

Less: Accumulated other comprehensive income / loss

(149)

(333)

(375)

(468)

(454)

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

10,660

10,710

10,500

10,405

10,471

Total assets (U.S. GAAP)

123,360

121,382

121,894

117,483

117,543

Less: 

Goodwill

(2,416)

(2,416)

(2,416)

(2,417)

(2,417)

Intangible assets

(23)

(25)

(27)

(30)

(33)

Tangible assets, including unrealized gains / losses (f)

120,921

118,941

119,451

115,036

115,093

Less: Accumulated other comprehensive income / loss, before tax

(229)

(512)

(577)

(720)

(698)

Tangible assets, excluding unrealized gains / losses (g)

120,692

118,429

118,874

114,316

114,395

Common shares outstanding (h)

851

875

882

897

919

Ratios:

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

21.1%

15.4%

14.1%

12.8%

14.1%

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

8.83%

9.03%

8.83%

9.10%

9.15%

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

8.94%

9.28%

9.10%

9.45%

9.49%

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

12.69

12.62

12.33

12.12

11.89

For the Three Months Ended

38

©

Fifth Third Bank | All Rights Reserved

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

June

March

December

September

June

2013

2013

2012

2012

2012

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

$14,239

$13,882

$13,716

$13,718

$13,773

Goodwill and certain other intangibles

(2,496)

(2,504)

(2,499)

(2,504)

(2,512)

Unrealized gains

(149)

(333)

(375)

(468)

(454)

Qualifying trust preferred securities

810

810

810

810

2,248

Other

22

23

33

38

38

Tier I capital

12,426

11,878

11,685

11,594

13,093

Less:

Preferred stock

(991)

(398)

(398)

(398)

(398)

Qualifying trust preferred securities

(810)

(810)

(810)

(810)

(2,248)

Qualifying noncontrolling interest in consolidated subsidiaries

(38)

(38)

(48)

(51)

(51)

Tier I common equity (a)

10,587

10,632

10,429

10,335

10,396

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (b)

112,285

109,626

109,699

106,858

106,398

Ratio:

Tier I common equity (a) / (b)

9.43%

9.70%

9.51%

9.67%

9.77%

Basel III -

Estimated Tier 1 common equity ratio

June

2013

Tier 1 common equity (Basel I)

$10,587

Add:

Adjustment related to Capital components

$86

Estimated Tier 1 common equity under final Basel III rules without AOCI (opt out)(c)

$10,673

Add:

Adjustment related to AOCI

$149

Estimated Tier 1 common equity under final Basel III rules with AOCI (non opt out)(d)

$10,822

Estimated risk-weighted assets under final Basel III rules (e)

117,366

Estimated

Tier

1

common

equity

ratio

under

final

Basel

III rules

(opt

out)

(c)

/

(e)

9.09%

Estimated

Tier

1

common

equity

ratio

under

final

Basel

III rules

(non

opt

out)

(d)

/

(e)

9.22%

(c), (d)

(e)

For the Three Months Ended

Regulation G Non-GAAP reconciliation

Under the final Basel III rules, non-advanced approach banks are permitted to make a one-time election to opt out of the requirement to include AOCI in Tier 1 common equity. Other

adjustments include mortgage servicing rights and deferred tax assets subject to threshold limitations and deferred tax liabilities related to intangible assets.

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

exposures to securitizations, past due loans, foreign banks and certain commercial real estate; (3) Higher risk weighting for mortgage servicing rights and deferred tax assets that are

under certain thresholds as a percent of Tier 1 capial; and (4) Derivatives are differentiated between exchange clearing and over-the-counter and the 50% risk-weight cap is removed.

39

©

Fifth Third Bank | All Rights Reserved

Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

2012

2011

2010

2009

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

$13,716

$13,201

$14,051

$13,497

Goodwill and certain other intangibles

(2,499)

(2,514)

(2,546)

(2,565)

Unrealized gains

(375)

(470)

(314)

(241)

Qualifying trust preferred securities

810

2,248

2,763

2,763

Other

33

38

11

(26)

Tier I capital

11,685

12,503

13,965

13,428

Less:

Preferred stock

(398)

(398)

(3,654)

(3,609)

Qualifying trust preferred securities

(810)

(2,248)

(2,763)

(2,763)

Qualifying noncontrolling interest in consolidated subsidiaries

(48)

(50)

(30)

-

Tier I common equity (a)

10,429

9,807

7,518

7,056

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (b)

109,699

104,945

100,561

100,933

Ratio:

Tier I common equity (a) / (b)

9.51%

9.35%

7.48%

6.99%

For the Year Ended