8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): January 23, 2014

(Exact Name of Registrant as Specified in Its Charter)

OHIO

(State or Other Jurisdiction of Incorporation)

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

(800) 972-3030

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

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

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

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

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

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

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

Item 2.02 Results of Operations and Financial Condition

On January 23, 2014, Fifth Third Bancorp issued a press release and its quarterly and annual financial supplements announcing its earnings release for the fourth quarter of 2013. A copy of this press release and its quarterly and annual financial supplements are attached as Exhibits 99.1, 99.3, and 99.4, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 7.01 Regulation FD Disclosure

On January 23, 2014, Fifth Third Bancorp issued a press release and its quarterly and annual financial supplements announcing its earnings release for the fourth quarter of 2013. A copy of this press release and its quarterly and annual financial supplements are attached as Exhibits 99.1, 99.3, and 99.4, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

For the benefit of its investors, Fifth Third Bancorp is furnishing information regarding its earnings conference call. A copy of this item is attached as Exhibit 99.2. The information in this Form 8-K and Exhibit attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1 – Press release dated January 23, 2014

Exhibit 99.2 – Fourth Quarter Earnings Conference Call

Exhibit 99.3 – Quarterly Financial Supplement

Exhibit 99.4 – Annual Financial Supplement

SIGNATURES

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

	FIFTH THIRD BANCORP (Registrant)
January 23, 2014	/s/ Tayfun Tuzun
	Tayfun Tuzun
	Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

		News Release
CONTACTS:	Jim Eglseder (Investors) (513) 534-8424 Laura Wehby (Investors) (513) 534-7407 Larry Magnesen (Media) (513) 534-8055	FOR IMMEDIATE RELEASE January 23, 2014

FIFTH THIRD ANNOUNCES FOURTH QUARTER EARNINGS PER DILUTED SHARE OF $0.43

2013 EARNINGS PER DILUTED SHARE OF $2.02, UP 22 PERCENT FROM 2012

Record full year net income and net income to common shareholders

• 4Q13 net income available to common shareholders of $383 million, or $0.43 per diluted common share

• 4Q13 return on average assets (ROA) of 1.24%; return on average common equity of 10.8%; return on average tangible common equity** of 13.1%

• Pre-provision net revenue (PPNR)** of $614 million in 4Q13, including $91 million pre-tax gains on the valuation of the Vantiv warrant and $69 million increased litigation reserves

• Net interest income (FTE) of $905 million, up 1% sequentially; net interest margin of 3.21%

• Period end portfolio loans of $88.6 billion, up $1.4 billion; average portfolio loans up 1% sequentially

• Noninterest income of $703 million compared with $721 million in prior quarter (gains on Vantiv investments similar in each quarter)

• Noninterest expense of $989 million, up 3% from 3Q13, driven by higher litigation reserve expense partially offset by a benefit to the mortgage repurchase provision

• Overall credit trends remain favorable

• 4Q13 net charge-offs of $148 million (0.67% of loans and leases) vs. 3Q13 NCOs of $109 million (0.49% of loans and leases) and 4Q12 NCOs of $147 million (0.70% of loans and leases); 4Q13 results included $43 million of charge-offs on a loan restructured during the quarter and $6 million of home equity charge-offs due to a change in policy, which together contributed 22 bps to the 4Q13 charge off ratio

• 4Q13 provision expense of $53 million vs. $51 million in 3Q13 and $76 million in 4Q12

• Allowance for loan and lease losses decreased $95 million sequentially reflecting continued improvement in credit trends and charges to the allowance; allowance to loan ratio of 1.79%

• Total nonperforming assets (NPAs) of $986 million, including loans held-for-sale (HFS), declined $39 million, or 4%, sequentially; portfolio NPA ratio of 1.10% down 6 bps from 3Q13, NPL ratio of 0.84% down 4 bps from 3Q13; results reflect $46 million of additions due to a change in policy on home equity nonaccruals

• Strong capital ratios*; sequentially reduced due to 4Q13 repurchases

• Tier 1 common ratio 9.38%**, vs. 9.88% in 3Q13 (Basel III pro forma estimate of ~9.0%**)

• Tier 1 risk-based capital ratio 10.35%, Total risk-based capital ratio 14.07%, Leverage ratio 9.64%

• Tangible common equity ratio** of 8.63% excluding unrealized gains/losses; 8.69% including them

• Book value per share of $15.85; tangible book value per share** of $13.00; down 1% from 3Q13 and up 5% from 4Q12

• Repurchased 32 million common shares in 4Q13; reduced average diluted share count by 12 million

* 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. See “Capital Position” section for more information.

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

Fifth Third Bancorp (Nasdaq: FITB) today reported record full year 2013 net income of $1.8 billion, up 16 percent from net income of $1.6 billion in 2012. After preferred dividends, 2013 net income available to common shareholders was a record $1.8 billion, or $2.02 per diluted share, up 17 percent compared with 2012 net income available to common shareholders of $1.5 billion, or $1.66 per diluted share.

Fourth quarter 2013 net income was $402 million, a decrease of 4 percent from net income of $421 million in the third quarter of 2013 and an increase of 1 percent from net income of $399 million in the fourth quarter of 2012. After preferred dividends, net income available to common shareholders was $383 million, or $0.43 per diluted share, in the fourth quarter 2013, compared with $421 million, or $0.47 per diluted share, in the third quarter 2013, and $390 million, or $0.43 per diluted share, in the fourth quarter of 2012.

Fourth quarter 2013 included:

Income

• $91 million positive valuation adjustment on the Vantiv warrant

• ($18 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

• $9 million annual payment received from Vantiv pursuant to tax receivable agreement

Expenses

• ($69 million) in net charges to increase litigation reserves

• ($8 million) of debt extinguishment costs associated with the redemption of Fifth Third Capital Trust IV trust preferred securities (TruPS)

• ($8 million) contribution to Fifth Third Foundation

• ($8 million) in severance expense

Results also included a benefit to the mortgage repurchase provision of $28 million primarily related to Fifth Third’s settlement with Freddie Mac and corresponding expectations for future repurchase requests and file claims.*

Third quarter 2013 included:

Income

• $85 million gain on the sale of Vantiv shares

• $6 million positive valuation adjustment on the Vantiv warrant

• ($2 million) charge related to the valuation of the Visa total return swap

Expenses

• ($30 million) in charges to increase litigation reserves

• ($5 million) in severance expense

• ($5 million) in large bank assessments for 2012 and 2013 initiated by regulators under the Dodd-Frank Act

• ($4 million) seasonal pension settlement charge

Results also included a benefit to the mortgage repurchase provision of $4 million.

Fourth quarter 2012 included:

Income

• $157 million gain on the sale of Vantiv shares

• ($19 million) negative valuation adjustment on the Vantiv warrant

• ($15 million) charge related to the valuation of the Visa total return swap

Expenses

• ($134 million) of debt extinguishment costs associated with the termination of Federal Home Loan Bank (FHLB) debt

• ($13 million) in charges to increase litigation reserves

• ($3 million) in severance expense

Other

• Fourth quarter 2012 taxes were reduced by approximately $10 million due to the termination of certain leases

Results also included the impact of $47 million in mortgage repurchase provision.

* Additionally, as previously announced, Fifth Third entered into a settlement for $25 million with Freddie Mac to resolve certain repurchase claims associated with mortgage loans originated and sold prior to January 1, 2009, which was charged against the representation and warranty reserve.

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Earnings Highlights

	For the Three Months Ended															% Change
	December 2013			September 2013			June 2013			March 2013			December 2012			Seq			Yr/Yr
Earnings ($ in millions)
Net income attributable to Bancorp	$	402		$	421		$	591		$	422		$	399			(4	%)		1	%
Net income available to common shareholders	$	383		$	421		$	582		$	413		$	390			(9	%)		(2	%)
Common Share Data
Earnings per share, basic		0.44			0.47			0.67			0.47			0.44			(6	%)		—
Earnings per share, diluted		0.43			0.47			0.65			0.46			0.43			(9	%)		—
Cash dividends per common share		0.12			0.12			0.12			0.11			0.10			—			20	%
Financial Ratios
Return on average assets		1.24	%		1.35	%		1.94	%		1.41	%		1.33	%		(8	%)		(7	%)
Return on average common equity		10.8			12.1			17.3			12.5			11.5			(10	%)		(6	%)
Return on average tangible common equity		13.1			14.7			21.1			15.4			14.1			(11	%)		(7	%)
Tier I risk-based capital		10.35			11.14			11.07			10.83			10.65			(7	%)		(3	%)
Tier I common equity		9.38			9.88			9.43			9.70			9.51			(5	%)		(1	%)
Net interest margin(a)		3.21			3.31			3.33			3.42			3.49			(3	%)		(8	%)
Efficiency(a)		61.5			59.2			53.2			59.8			65.2			4	%		(6	%)
Common shares outstanding (in thousands)		855,306			887,030			851,474			874,645			882,152			(4	%)		(3	%)
Average common shares outstanding (in thousands):
Basic		868,077			880,183			858,583			870,923			884,676			(1	%)		(2	%)
Diluted		877,511			888,111			900,625			913,163			925,585			(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 and not the rounded dollar amounts.

NM: Not meaningful.

“Fifth Third reported full year net income available to common shareholders of $1.8 billion in 2013, which marks the best result in our Company’s history and represents 17 percent growth from strong 2012 earnings,” said Kevin T. Kabat, Vice Chairman and CEO of Fifth Third Bancorp. “Return on average assets of 1.48 percent increased 11 percent over last year, and return on average tangible common equity of 16.0 percent was up 12 percent over last year.

“Fourth quarter earnings of $402 million rounded out a very good year. Earning asset growth, including 2 percent sequential loan growth, contributed to a $7 million increase in net interest income. Total deposits were up 5 percent sequentially, highlighted by 8 percent demand deposit growth. Most fee income comparisons were up, led by mortgage banking which increased 4 percent sequentially, and service charges on deposits, investment advisory revenue, and card and processing revenue which all increased in the low single digits.

“Full year net charge-offs were down more than $200 million, or 29 percent from last year, and were at the lowest levels since 2007. Nonperforming assets were down 24 percent from last year and were at the lowest levels since 2006.

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

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“We continued to prudently and actively manage our capital position, reducing our share count by 3 percent, inclusive of the additional 35.5 million shares attributable to the conversion of our Series G preferred stock to common stock during the year. We also increased our annual dividends to $0.47 per share, up 31 percent from 2012. Despite these substantial returns, shareholders’ equity increased 4 percent from a year ago. Fifth Third performed very well in 2013, and we feel the Company is well positioned to succeed as we enter 2014.”

Income Statement Highlights

	For the Three Months Ended															% Change
	December 2013			September 2013			June 2013			March 2013			December 2012			Seq			Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	905		$	898		$	885		$	893		$	903			1	%		—
Provision for loan and lease losses		53			51			64			62			76			5	%		(30	%)
Total noninterest income		703			721			1,060			743			880			(2	%)		(20	%)
Total noninterest expense		989			959			1,035			978			1,163			3	%		(15	%)
Income before income taxes (taxable equivalent)		566			609			846			596			544			(7	%)		4	%
Taxable equivalent adjustment		5			5			5			5			4			4	%		17	%
Applicable income taxes		159			183			250			179			144			(13	%)		11	%
Net income		402			421			591			412			396			(5	%)		2	%
Less: Net income attributable to noncontrolling interests		—			—			—			(10	)		(3	)		NM			(89	%)
Net income attributable to Bancorp		402			421			591			422			399			(4	%)		1	%
Dividends on preferred stock		19			—			9			9			9			—			NM
Net income available to common shareholders		383			421			582			413			390			(9	%)		(2	%)
Earnings per share, diluted	$	0.43		$	0.47		$	0.65		$	0.46		$	0.43			(9	%)		—
Net Interest Income
	For the Three Months Ended															% Change
	December 2013			September 2013			June 2013			March 2013			December 2012			Seq			Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,007		$	997		$	989		$	1,000		$	1,020			1	%		(1	%)
Total interest expense		102			99			104			107			117			3	%		(13	%)
Net interest income (taxable equivalent)	$	905		$	898		$	885		$	893		$	903			1	%		—
Average Yield
Yield on interest-earning assets (taxable equivalent)		3.57	%		3.68	%		3.73	%		3.84	%		3.94	%		(3	%)		(9	%)
Rate paid on interest-bearing liabilities		0.52	%		0.54	%		0.57	%		0.59	%		0.65	%		(3	%)		(20	%)
Net interest rate spread (taxable equivalent)		3.05	%		3.14	%		3.16	%		3.25	%		3.29	%		(3	%)		(7	%)
Net interest margin (taxable equivalent)		3.21	%		3.31	%		3.33	%		3.42	%		3.49	%		(3	%)		(8	%)
Average Balances ($ in millions)
Loans and leases, including held for sale	$	88,865		$	89,154		$	89,473		$	88,880		$	86,180			—			3	%
Total securities and other short-term investments		23,043			18,528			16,962			16,846			16,765			24	%		37	%
Total interest-earning assets		111,908			107,682			106,435			105,726			102,945			4	%		9	%
Total interest-bearing liabilities		77,573			73,190			73,363			74,038			71,420			6	%		9	%
Bancorp shareholders’ equity		14,757			14,440			14,221			13,779			13,855			2	%		7	%

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

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Net interest income of $905 million on a fully taxable equivalent basis increased $7 million from the third quarter. The increase was driven by higher balances and yields in investment securities, higher portfolio loan balances, and the benefit from high-priced CDs that matured during the quarter. These benefits were partially offset by the effects of loan repricing, lower held-for-sale loan balances, and higher interest expense as a result of debt issuances during the quarter.

The net interest margin was 3.21 percent, a decrease of 10 bps from 3.31 percent in the previous quarter. The decline in net interest margin was largely due to higher cash balances driven by strong deposit growth as well as the impact of the debt issuances during the quarter. Otherwise, the benefit from the maturity of high-priced CDs and higher securities yields offset the impact of lower loan yields.

Compared with the fourth quarter of 2012, net interest income increased $2 million and the net interest margin decreased 28 bps, driven by lower asset yields partially offset by higher average loan balances, lower long-term debt expense due to a reduction in higher cost average long-term debt, and run-off in higher-priced CDs.

Securities

Average securities and other short-term investments were $23.0 billion in the fourth quarter of 2013 compared with $18.5 billion in the previous quarter and $16.8 billion in the fourth quarter of 2012. Average securities of $18.4 billion increased $1.8 billion from the prior quarter, largely due to net securities added during the third quarter of 2013 and approximately $550 million net additions in the fourth quarter of 2013. Other short-term investments average balances of $4.6 billion increased $2.7 billion sequentially with higher interest-bearing cash balances held at the Federal Reserve at quarter end related to deposit growth and the debt issuances during the quarter.

Loans

	For the Three Months Ended										% Change
	December 2013		September 2013		June 2013		March 2013		December 2012		Seq			Yr/Yr
Average Portfolio Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	38,835	$	38,133	$	37,630	$	36,395	$	34,301		2	%		13	%
Commercial mortgage loans		8,047		8,273		8,618		8,965		9,193		(3	%)		(12	%)
Commercial construction loans		952		793		713		695		686		20	%		39	%
Commercial leases		3,578		3,572		3,552		3,556		3,509		—			2	%
Subtotal—commercial loans and leases		51,412		50,771		50,513		49,611		47,689		1	%		8	%
Consumer:
Residential mortgage loans		12,609		12,486		12,260		12,096		11,846		1	%		6	%
Home equity		9,296		9,432		9,625		9,872		10,129		(1	%)		(8	%)
Automobile loans		12,019		12,083		11,887		11,961		11,944		(1	%)		1	%
Credit card		2,202		2,140		2,071		2,069		2,029		3	%		9	%
Other consumer loans and leases		357		360		351		294		306		(1	%)		17	%
Subtotal—consumer loans and leases		36,483		36,501		36,194		36,292		36,254		—			1	%
Total average loans and leases (excluding held for sale)	$	87,895	$	87,272	$	86,707	$	85,903	$	83,943		1	%		5	%
Average loans held for sale		970		1,882		2,766		2,977		2,237		(48	%)		(57	%)

Average loan and lease balances (excluding loans held-for-sale) increased $623 million, or 1 percent, sequentially and increased $4.0 billion, or 5 percent, from the fourth quarter of 2012. The increase in average loans and leases was primarily driven by growth in the commercial and industrial (C&I), commercial construction, and residential mortgage loan

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portfolios. The growth was partially offset by declines in commercial mortgage, home equity, and auto loans. Period end loans and leases (excluding loans held-for-sale) of $88.6 billion increased $1.4 billion, or 2 percent, sequentially and $2.8 billion, or 3 percent, from a year ago.

Average commercial portfolio loan and lease balances increased $641 million, or 1 percent, sequentially and increased $3.7 billion, or 8 percent, from the fourth quarter of 2012. The increase from prior periods was largely driven by growth in average C&I loans of $702 million from the prior quarter and $4.5 billion from the fourth quarter of 2012, partially offset by lower average commercial real estate balances. Within commercial real estate, average commercial mortgage balances continued to decline although average commercial construction balances increased for the fourth consecutive quarter. Commercial line usage, on an end of period basis, was 29 percent of committed lines in the fourth quarter of 2013 compared with 30 percent in the third quarter of 2013 and 31 percent in the fourth quarter of 2012.

Average consumer portfolio loan and lease balances were flat sequentially and increased 1 percent year-over-year. Average residential mortgage loans increased $123 million sequentially and $763 million from a year ago, reflecting the continued retention of certain residential mortgage loans. Otherwise, on a sequential basis, average home equity and auto loans each declined 1 percent due to seasonally lower production volumes while average bankcard loans increased 3 percent reflecting growth in actively used cards and seasonally higher balances. Compared with the fourth quarter of 2012, growth in all other consumer loan categories was partially offset by lower home equity balances as paydowns continue to outpace new production.

Average loans held-for-sale balances of $970 million decreased $912 million sequentially and $1.3 billion compared with the fourth quarter of 2012. Period end loans held-for-sale of $944 million decreased $386 million from the previous quarter and $2.0 billion from the fourth quarter of 2012. Both comparisons reflected lower residential mortgage held-for-sale balances due to the lower volume of mortgage originations.

Deposits

	For the Three Months Ended										% Change
	December 2013		September 2013		June 2013		March 2013		December 2012		Seq			Yr/Yr
Average Deposits ($ in millions)
Demand	$	30,765	$	30,655	$	29,682	$	28,565	$	29,223		—			5	%
Interest checking		24,650		23,116		22,796		23,763		23,556		7	%		5	%
Savings		17,323		18,026		18,864		19,576		20,216		(4	%)		(14	%)
Money market		11,285		9,693		8,918		7,932		6,026		16	%		87	%
Foreign office(a)		1,717		1,755		1,418		1,102		1,174		(2	%)		46	%
Subtotal—Transaction deposits		85,740		83,245		81,678		80,938		80,195		3	%		7	%
Other time		3,529		3,676		3,859		3,982		4,094		(4	%)		(14	%)
Subtotal—Core deposits		89,269		86,921		85,537		84,920		84,289		3	%		6	%
Certificates—$100,000 and over		7,456		7,315		6,519		4,017		3,084		2	%		142	%
Other		—		17		10		40		32		(99	%)		(99	%)
Total deposits	$	96,725	$	94,253	$	92,066	$	88,977	$	87,405		3	%		11	%

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

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Average core deposits increased $2.3 billion, or 3 percent, sequentially and increased $5.0 billion, or 6 percent, from the fourth quarter of 2012. Average transaction deposits, which are included in core deposits, increased $2.5 billion, or 3 percent, from the third quarter of 2013 and $5.5 billion, or 7 percent from the fourth quarter of 2012 driven by higher money market account, interest checking, and demand deposit balances, partially offset by lower savings balances. Other time deposits, primarily CDs, decreased 4 percent sequentially and 14 percent compared with the fourth quarter of 2012.

Commercial average transaction deposits increased 6 percent sequentially and 10 percent from the previous year. Sequential and year-over-year growth reflected higher money market account, interest checking, and demand deposit balances due to new accounts and customers holding higher balances.

Consumer average transaction deposits increased 1 percent sequentially and 4 percent from the fourth quarter of 2012. The sequential increase reflected higher interest checking and money market account balances, which were partially offset by lower savings and demand deposit balances. Year-over-year growth was driven by increased money market account and demand deposit balances partially offset by lower savings balances. Consumer CDs included in core deposits declined 4 percent sequentially and 14 percent year-over-year driven by maturities of higher-rate CDs.

Wholesale Funding

	For the Three Months Ended										% Change
	December 2013		September 2013		June 2013		March 2013		December 2012		Seq			Yr/Yr
Average Wholesale Funding ($ in millions)
Certificates—$100,000 and over	$	7,456	$	7,315	$	6,519	$	4,017	$	3,084		2	%		NM
Other deposits		—		17		10		40		32		(99	%)		(99	%)
Federal funds purchased		301		464		560		691		794		(35	%)		(62	%)
Other short-term borrowings		2,177		1,675		2,867		5,429		4,553		30	%		(52	%)
Long-term debt		9,135		7,453		7,552		7,506		7,891		23	%		16	%
Total wholesale funding	$	19,069	$	16,924	$	17,508	$	17,683	$	16,354		13	%		17	%

Average wholesale funding of $19.1 billion increased $2.1 billion, or 13 percent, sequentially and increased $2.7 billion, or 17 percent, compared with the fourth quarter of 2012. The sequential increase was driven by an increase in long-term debt and short-term borrowings, however, short-term borrowings on an end of period basis decreased by $2.1 billion from the prior quarter due to a decline in FHLB borrowings. The year-over-year increase reflected the issuance of certificates $100,000 and over and an increase in long-term debt, partially offset by a decrease in short-term borrowings. Average long-term debt balances reflected the issuance of $750 million in Bancorp subordinated debt and $1.75 billion in Bank senior debt in the fourth quarter of 2013, as well as the full quarter impact of the $1.3 billion in long-term funding issued in conjunction with the auto securitization in August of 2013. On December 30, 2013, Fifth Third also redeemed $750 million of Fifth Third Capital Trust IV TruPS, which did not impact the average balances due to the timing of the redemption.

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Noninterest Income

	For the Three Months Ended											% Change
	December 2013		September 2013		June 2013		March 2013		December 2012			Seq			Yr/Yr
Noninterest Income ($ in millions)
Service charges on deposits	$	142	$	140	$	136	$	131	$	134			1	%		6	%
Corporate banking revenue		94		102		106		99		114			(8	%)		(18	%)
Mortgage banking net revenue		126		121		233		220		258			4	%		(51	%)
Investment advisory revenue		98		97		98		100		93			2	%		6	%
Card and processing revenue		71		69		67		65		66			3	%		8	%
Other noninterest income		170		185		414		109		215			(7	%)		(21	%)
Securities gains, net		2		2		—		17		2			(36	%)		(23	%)
Securities gains (losses), net—non-qualifying hedges on mortgage servicing rights		—		5		6		2		(2	)		(100	%)		100	%
Total noninterest income	$	703	$	721	$	1,060	$	743	$	880			(2	%)		(20	%)

Noninterest income of $703 million decreased $18 million sequentially and $177 million compared with prior year results. These comparisons reflect the impacts described below.

Fourth quarter 2013 results included a $91 million positive valuation adjustment on the Vantiv warrant as well as $9 million in payments received pursuant to Fifth Third’s tax receivable agreement with Vantiv which is expected to be an annual payment from this point forward. This compares with an $85 million gain on the sale of Vantiv shares and a $6 million positive warrant valuation adjustment in the third quarter of 2013, and a $157 million gain on the sale of Vantiv shares and a $19 million negative warrant valuation adjustment in the fourth quarter of 2012. Quarterly results also included charges 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 $18 million, $2 million, and $15 million in the in the fourth quarter of 2013, the third quarter of 2013, and the fourth quarter of 2012, respectively. Excluding these items and net securities gains in all periods, noninterest income of $619 million decreased $11 million, or 2 percent, from the previous quarter and decreased $136 million, or 18 percent, from the fourth quarter of 2012. The sequential decline was primarily due to lower corporate banking revenue and other noninterest income. The year-over-year decline was primarily the result of lower mortgage banking net revenue and corporate banking revenue.

Service charges on deposits of $142 million increased 1 percent from the third quarter and increased 6 percent compared with the same quarter last year. Retail service charges were flat sequentially and increased 6 percent from the fourth quarter of 2012. The year-over-year increase was primarily related to the transition to our new and simplified deposit product offerings. Commercial service charges increased 2 percent sequentially and 6 percent from a year ago primarily as a result of new customer accounts and higher treasury management fees.

Corporate banking revenue of $94 million decreased 8 percent from the third quarter of 2013 and decreased 18 percent from the same period last year. The sequential decline was primarily driven by lower lease remarketing and syndication fees, partially offset by higher institutional sales revenue, foreign exchange fees and business lending fees. The year-over-year decline was primarily driven by lower lease remarketing, syndication fees, interest rate derivatives and letter of credit fees, which benefited the year-ago quarter from higher activity in anticipation of changes to tax rules. The decline in

8

lease remarketing fees was driven by a $9 million write-down of equipment value on an operating lease during the quarter.

Mortgage banking net revenue was $126 million in the fourth quarter of 2013, a 4 percent increase from the third quarter of 2013 and a 51 percent decrease from the fourth quarter of 2012. Fourth quarter 2013 originations were $2.6 billion, compared with $4.8 billion in the previous quarter and $7.0 billion in the fourth quarter of 2012. Fourth quarter 2013 originations resulted in gains of $60 million on mortgages sold, compared with gains of $74 million during the previous quarter and $239 million during the fourth quarter of 2012. The decrease from the prior quarter reflected lower production partially offset by increased gain on sale margins, while the decrease from the prior year reflected lower production and lower gain on sale margins. Mortgage servicing fees this quarter were $64 million, compared with $63 million in the previous quarter and $64 million in the fourth quarter of 2012. Mortgage banking net revenue is also affected by net servicing asset valuation 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 positive $3 million in the fourth quarter of 2013 (reflecting MSR amortization of $23 million and MSR valuation adjustments of positive $26 million); negative $16 million in the third quarter of 2013 (MSR amortization of $39 million and MSR valuation adjustments of positive $23 million); and negative $45 million in the fourth quarter of 2012 (MSR amortization of $52 million and MSR valuation adjustments of positive $7 million). The mortgage servicing asset, net of the valuation reserve, was $967 million at quarter end on a servicing portfolio of $69 billion.

Net gains on securities held as non-qualifying hedges for the MSR portfolio were zero in the fourth quarter of 2013, compared with net gains of $5 million in the third quarter of 2013 and net losses of $2 million in the fourth quarter of 2012.

Investment advisory revenue of $98 million increased 2 percent from the third quarter and 6 percent year-over-year. The sequential and year-over-year increase was attributable to higher brokerage fees and private client services revenue reflecting strong production and market performance. These increases were partially offset by a decrease in institutional trust fees.

Card and processing revenue of $71 million in the fourth quarter of 2013 increased 3 percent sequentially and 8 percent from the fourth quarter of 2012, reflecting the impact of higher transaction volumes and an increase in the number of actively used cards.

Other noninterest income totaled $170 million in the fourth quarter of 2013, compared with $185 million in the previous quarter and $215 million in the fourth quarter of 2012. Other noninterest income included 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 December 31, 2013, September 30, 2013, and December 31, 2012, the impact of warrant valuation adjustments were positive $91 million, positive $6 million, and negative $19 million, respectively, and changes in income related to the Visa total return swap were losses of $18 million, $2 million, and $15 million, respectively. The fourth quarter of 2013 also included $9 million in payments received pursuant to Fifth Third’s tax receivable agreement with Vantiv which is expected to be an annual payment from this point forward. Gains on the sale of Vantiv shares were $85 million in the third quarter of 2013 and $157 million in the fourth quarter of 2012. Excluding the items detailed above, other noninterest income of $88

9

million decreased approximately $8 million, or 8 percent, from the third quarter of 2013 and decreased approximately $4 million, or 4 percent, from the fourth quarter of 2012.

Net credit-related costs recognized in other noninterest income were $5 million in the fourth quarter of 2013 versus $5 million last quarter and $13 million in the fourth quarter of 2012. Fourth quarter 2013 results primarily reflected $6 million of losses on other real estate owned (OREO) and $2 million of fair value charges on commercial loans held-for-sale. Third quarter 2013 results primarily reflected $5 million of losses on 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.

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

Noninterest Expense

	For the Three Months Ended										% Change
	December 2013		September 2013		June 2013		March 2013		December 2012		Seq			Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	388	$	389	$	404	$	399	$	416		—			(7	%)
Employee benefits		78		83		83		114		96		(6	%)		(19	%)
Net occupancy expense		77		75		76		79		76		2	%		1	%
Technology and communications		53		52		50		49		52		2	%		2	%
Equipment expense		29		29		28		28		27		—			8	%
Card and processing expense		37		33		33		31		31		13	%		18	%
Other noninterest expense		327		298		361		278		465		10	%		(30	%)
Total noninterest expense	$	989	$	959	$	1,035	$	978	$	1,163		3	%		(15	%)

Noninterest expense of $989 million increased 3 percent from the third quarter of 2013 and decreased 15 percent versus the fourth quarter of 2012.

Fourth quarter 2013 expenses included $69 million in charges to increase litigation reserves, $8 million of debt extinguishment costs associated with the redemption of Fifth Third Capital Trust IV, an $8 million contribution to Fifth Third Foundation, and $8 million in severance expense. Third quarter 2013 expenses included $30 million in charges to increase litigation reserves, $5 million in severance expense, and $5 million in large bank assessment fees. Fourth quarter 2012 expenses included $134 million of debt extinguishment costs associated with the termination of $1 billion of FHLB debt, $13 million in charges to increase litigation reserves and $3 million in severance expense. Excluding these items, the sequential and year-over-year decline reflected lower credit-related costs, including the benefit of a reduction in the mortgage representation and warranty reserve in the fourth quarter, lower compensation-related expense and benefits expense, primarily in the mortgage business, and lower marketing-related expenses.

Credit costs related to problem assets recorded as noninterest expense were a benefit of $12 million in the fourth quarter of 2013, compared with expense of $16 million in the third quarter of 2013 and expense of $68 million in the fourth quarter of 2012. Fourth quarter credit-related expenses included provision for mortgage repurchases that was a benefit of $26

10

million reflecting the reduction in the mortgage representation and warranty reserve primarily related to Fifth Third’s settlement with Freddie Mac and corresponding expectations for future repurchase requests and file claims. This is compared with a benefit of $4 million in the third quarter and expense of $44 million a year ago. (Realized mortgage repurchase losses were $33 million in the fourth quarter of 2013 reflecting the previously mentioned settlement payment with Freddie Mac, compared with $13 million last quarter and $15 million in the fourth quarter of 2012). Provision for unfunded commitments was a benefit of $5 million in the current quarter, compared with an expense of $1 million last quarter and an expense of $3 million a year ago. Derivative valuation adjustments related to customer credit risk were positive $2 million for the current quarter, immaterial last quarter, and positive $2 million for the year ago quarter. 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 $17 million in the fourth quarter, compared with $14 million the previous quarter and $19 million in the same period last year.

Credit Quality

	For the Three Months Ended
	December 2013			September 2013			June 2013			March 2013			December 2012
Total net losses charged off ($ in millions)
Commercial and industrial loans	($	66	)	($	44	)	($	33	)	($	25	)	($	36	)
Commercial mortgage loans		(8	)		(2	)		(10	)		(26	)		(17	)
Commercial construction loans		(4	)		2			—			(3	)		(4	)
Commercial leases		—			—			(2	)		—			1
Residential mortgage loans		(13	)		(12	)		(15	)		(20	)		(23	)
Home equity		(26	)		(19	)		(23	)		(30	)		(34	)
Automobile loans		(6	)		(6	)		(5	)		(4	)		(9	)
Credit card		(21	)		(19	)		(19	)		(20	)		(19	)
Other consumer loans and leases		(4	)		(9	)		(5	)		(5	)		(6	)
Total net losses charged off		(148	)		(109	)		(112	)		(133	)		(147	)
Total losses		(183	)		(141	)		(145	)		(168	)		(177	)
Total recoveries		35			32			33			35			30
Total net losses charged off	($	148	)	($	109	)	($	112	)	($	133	)	($	147	)
Ratios (annualized)
Net losses charged off as a percent of average loans and leases (excluding held for sale)		0.67	%		0.49	%		0.51	%		0.63	%		0.70	%
Commercial		0.60	%		0.35	%		0.36	%		0.44	%		0.46	%
Consumer		0.76	%		0.70	%		0.73	%		0.89	%		1.01	%

Net charge-offs were $148 million in the fourth quarter of 2013, or 67 bps of average loans on an annualized basis, compared with net charge-offs of $109 million in the third quarter 2013 and $147 million in the fourth quarter 2012. During the fourth quarter of 2013, we restructured a single large credit resulting in a charge-off of $43 million, or 19 bps. This charge-off was absorbed by existing reserves for this credit. Additionally, we changed the timing of when home equity loans are placed on nonaccrual and we changed our policy regarding treatment of second lien mortgages behind nonperforming first lien mortgages. This resulted in additional home equity net charge-offs of $6 million, or 3 bps.

Commercial net charge-offs were $78 million, or 60 bps, up $34 million sequentially. C&I net charge-offs of $66 million increased $22 million from the previous quarter primarily reflecting the single restructured credit mentioned above.

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Excluding the $43 million charge-off on that credit, commercial and C&I net charge-offs declined from the prior quarter. Commercial real estate net charge-offs increased $12 million from an immaterial amount in the previous quarter.

Consumer net charge-offs were $70 million, or 76 bps, up $5 million sequentially. Net charge-offs on residential mortgage loans in the portfolio were $13 million, up $1 million from the previous quarter. Home equity net charge-offs were $26 million, up $7 million from the third quarter of 2013 primarily due to the change in nonaccrual accounting policy. Net charge-offs on brokered home equity loans represented 32 percent of fourth quarter home equity losses; such loans are 13 percent of the total $9.2 billion home equity portfolio. Originations of these loans were discontinued in 2007. Net charge-offs in the auto portfolio of $6 million were flat compared with the prior quarter. Net charge-offs on consumer credit card loans were $21 million, up $2 million from the third quarter. Net charge-offs on other consumer loans were $4 million, down $5 million compared with the previous quarter.

	For the Three Months Ended
	December 2013			September 2013			June 2013			March 2013			December 2012
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	1,677		$	1,735		$	1,783		$	1,854		$	1,925
Total net losses charged off		(148	)		(109	)		(112	)		(133	)		(147	)
Provision for loan and lease losses		53			51			64			62			76
Allowance for loan and lease losses, ending		1,582			1,677			1,735			1,783			1,854
Reserve for unfunded commitments, beginning		167			166			168			179			176
Provision (benefit) for unfunded commitments		(5	)		1			(2	)		(11	)		3
Reserve for unfunded commitments, ending		162			167			166			168			179
Components of allowance for credit losses:
Allowance for loan and lease losses		1,582			1,677			1,735			1,783			1,854
Reserve for unfunded commitments		162			167			166			168			179
Total allowance for credit losses	$	1,744		$	1,844		$	1,901		$	1,951		$	2,033
Allowance for loan and lease losses ratio
As a percent of loans and leases		1.79	%		1.92	%		1.99	%		2.08	%		2.16	%
As a percent of nonperforming loans and leases(a)		211	%		218	%		191	%		187	%		180	%
As a percent of nonperforming assets(a)		161	%		165	%		151	%		147	%		144	%

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

Provision for loan and lease losses totaled $53 million in the fourth quarter of 2013, up $2 million from the third quarter of 2013 and down $23 million from the fourth quarter of 2012. The allowance for loan and lease losses declined $95 million sequentially reflecting continued improvement in credit trends and charges to the allowance. The allowance represented 1.79 percent of total loans and leases outstanding as of quarter end, compared with 1.92 percent last quarter, and represented 211 percent of nonperforming loans and leases, and 161 percent of nonperforming assets.

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	As of
	December 2013			September 2013			June 2013			March 2013			December 2012
Nonperforming Assets and Delinquent Loans ($ in millions)
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	127		$	146		$	218		$	229		$	234
Commercial mortgage loans		90			106			169			184			215
Commercial construction loans		10			27			39			66			70
Commercial leases		3			1			1			1			1
Residential mortgage loans		83			83			96			110			114
Home equity		74			28			28			28			30
Automobile loans		—			—			—			—			—
Other consumer loans and leases		—			—			—			—			1
Total nonaccrual loans and leases	$	387		$	391		$	551		$	618		$	665
Restructured loans and leases—commercial (nonaccrual)(c)		228			241			196			159			177
Restructured loans and leases—consumer (nonaccrual)		136			138			162			174			187
Total nonperforming loans and leases	$	751		$	770		$	909		$	951		$	1,029
Repossessed personal property		7			7			6			7			8
Other real estate owned(a)		222			237			235			252			249
Total nonperforming assets(b)	$	980		$	1,014		$	1,150		$	1,210		$	1,286
Nonaccrual loans held for sale		6			11			15			16			25
Restructured loans—commercial (nonaccrual) held for sale		—			—			—			3			4
Total nonperforming assets including loans held for sale	$	986		$	1,025		$	1,165		$	1,229		$	1,315
Restructured Consumer loans and leases (accrual)	$	1,685		$	1,694		$	1,671		$	1,683		$	1,655
Restructured Commercial loans and leases (accrual)(c)	$	869		$	499		$	475		$	441		$	431
Total loans and leases 90 days past due	$	103		$	156		$	152		$	164		$	195
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned(b)		0.84	%		0.88	%		1.04	%		1.11	%		1.19	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned(b)		1.10	%		1.16	%		1.32	%		1.41	%		1.49	%

(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 as of December 31, 2013, September 30, 2013, June 30, 2013 and March 31, 2013.

Total nonperforming assets, including loans held-for-sale, were $986 million, a decline of $39 million, or 4 percent, from the previous quarter. Nonperforming assets held-for-investment (NPAs) were $980 million, or 1.10 percent, of total loans, leases and OREO, and decreased $34 million, or 3 percent, from the previous quarter. Nonperforming loans held-for-investment (NPLs) at quarter end were $751 million or 0.84 percent of total loans, leases and OREO, and decreased $19 million, or 2 percent, from the previous quarter. During the quarter, the change in nonaccrual policy increased nonaccrual home equity loans by $46 million, or 5 bps.

Commercial portfolio NPAs were $607 million, or 1.16 percent of commercial loans, leases and OREO, and decreased $73 million, or 11 percent, from the third quarter. Commercial portfolio NPLs were $458 million, or 0.88 percent of commercial loans and leases, and decreased $63 million from last quarter. C&I portfolio NPAs of $290 million decreased $31 million from the prior quarter. Commercial mortgage portfolio NPAs were $252 million, down $44 million from the previous quarter. Commercial construction portfolio NPAs were $59 million, a decrease of $3 million from the previous quarter. Commercial lease portfolio NPAs were $5 million, an increase of $4 million from the previous quarter.

13

Commercial real estate loans in Michigan and Florida represented 52 percent of commercial real estate NPAs and 35 percent of our total commercial real estate portfolio. Commercial portfolio NPAs included $228 million of nonaccrual troubled debt restructurings (TDRs), compared with $241 million last quarter.

Consumer portfolio NPAs of $373 million, or 1.02 percent of consumer loans, leases and OREO, increased $39 million from the third quarter. Consumer portfolio NPLs were $293 million, or 0.80 percent of consumer loans and leases and increased $44 million from last quarter. Of consumer NPAs, $332 million were in residential real estate portfolios. Residential mortgage NPAs were $223 million, $6 million lower than last quarter, with Florida representing 38 percent of residential mortgage NPAs and 13 percent of total residential mortgage loans. Home equity NPAs of $109 million were up $46 million compared with last quarter due to the change in nonaccrual policy. Credit card NPAs of $33 million decreased $1 million compared to the previous quarter. Consumer nonaccrual TDRs were $136 million in the fourth quarter of 2013, compared with $138 million in the third quarter 2013.

Fourth quarter OREO balances included in portfolio NPA balances described above were $222 million, down $15 million from the third quarter, and included $149 million in commercial OREO and $73 million in consumer OREO. Repossessed personal property of $7 million consisted largely of autos.

Loans still accruing over 90 days past due were $103 million, down $53 million, or 34 percent, from the third quarter of 2013. Commercial balances over 90 days past due were immaterial and consumer balances 90 days past due of $103 million were down $50 million from the previous quarter. The sequential decline was primarily due to a $46 million decrease in home equity loans over 90 days past due, which resulted from the previously mentioned change in nonaccrual policy. Loans 30-89 days past due of $276 million increased $18 million, or 7 percent, from the previous quarter. Commercial balances 30-89 days past due of $17 million were up $4 million sequentially and consumer balances 30-89 days past due of $259 million increased $14 million from the third quarter. The above delinquencies figures exclude nonaccruals described previously.

Commercial nonaccrual loans held-for-sale were $6 million, compared with $11 million at the end of the third quarter.

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Capital Position

	For the Three Months Ended
	December 2013			September 2013			June 2013			March 2013			December 2012
Capital Position
Average shareholders’ equity to average assets		11.51	%		11.71	%		11.64	%		11.38	%		11.65	%
Tangible equity(a)		9.44	%		9.75	%		9.65	%		9.36	%		9.17	%
Tangible common equity (excluding unrealized gains/losses)(a)		8.63	%		9.27	%		8.83	%		9.03	%		8.83	%
Tangible common equity (including unrealized gains/losses)(a)		8.69	%		9.42	%		8.94	%		9.28	%		9.10	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses)(a)(b)		9.45	%		9.95	%		9.49	%		9.77	%		9.57	%
Regulatory capital ratios:(c)
Tier I risk-based capital		10.35	%		11.14	%		11.07	%		10.83	%		10.65	%
Total risk-based capital		14.07	%		14.35	%		14.34	%		14.35	%		14.42	%
Tier I leverage		9.64	%		10.58	%		10.40	%		10.03	%		10.05	%
Tier I common equity(a)		9.38	%		9.88	%		9.43	%		9.70	%		9.51	%
Book value per share		15.85			15.84			15.56			15.42			15.10
Tangible book value per share(a)		13.00			13.09			12.69			12.62			12.33

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

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

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

Capital ratios remained strong during the quarter, reflecting growth in retained earnings, and included the impact of the redemption of TruPS and issuance of preferred stock during the quarter as well as the payment of preferred dividends and share repurchase activity. Compared with the prior quarter, the Tier 1 common equity ratio* of 9.38 percent decreased 50 bps. The tangible common equity to tangible assets ratio* was 8.63 percent (excluding unrealized gains/losses) and 8.69 percent (including unrealized gains/losses). The Tier 1 risk-based capital ratio decreased 79 bps to 10.35 percent. The Total risk-based capital ratio decreased 28 bps to 14.07 percent and the Leverage ratio decreased 94 bps to 9.64 percent.

Book value per share at December 31, 2013 was $15.85 and tangible book value per share* was $13.00, compared with September 30, 2013 book value per share of $15.84 and tangible book value per share of $13.09.

As previously announced, Fifth Third entered into a share repurchase agreement with a counterparty on November 13, 2013, whereby Fifth Third would purchase approximately $200 million of its outstanding common stock. For the quarter, this transaction reduced Fifth Third’s share count by 8.5 million shares on the initial transaction date, which had a 4 million impact on average share count. Fifth Third expects the settlement of the forward contract to occur on or before February 28, 2014. Additionally, as previously announced, Fifth Third entered into another share repurchase agreement with a counterparty on December 10, 2013, whereby Fifth Third would purchase approximately $456 million of its outstanding common stock. For the quarter, this transaction reduced Fifth Third’s share count by 19.1 million shares on the initial

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

15

transaction date, which had a 4 million impact on average share count. Fifth Third expects the settlement of the forward contract to occur on or before March 26, 2014. Also, the settlement of the forward contract related to the May 21, 2013 share repurchase agreement occurred on October 1, 2013, and an additional 4.3 million shares were repurchased upon completion of the agreement which was reflected in the fourth quarter share count.

As previously announced, pursuant to Fifth Third’s 2013 CCAR capital plan, Fifth Third issued 6.625 percent fixed-to-floating noncumulative perpetual preferred stock (Series I preferred stock) for net proceeds of $443 million on December 4, 2013.

U.S. banking regulators have approved final capital rules for U.S. banks, including changes to the definition of capital components (i.e. the numerator of capital ratios) and changes to risk-weighting rules for assets (i.e. the denominator of capital ratios). These final rules implement portions of rules proposed by international banking regulators known as Basel III and Basel II. Fifth Third is not a Basel “Advanced Approaches” institution. Therefore, Fifth Third would be subject to the general capital rules governing the capital or numerator portion of these final rules and the “Standardized Approach” for risk-weighting assets. Additionally, Fifth Third would have a one-time irrevocable option to neutralize certain accumulated other comprehensive income (AOCI) components in capital, comparable to treatment under prevailing capital rules. Fifth Third will also be subject to the Market Risk Rule for trading assets and liabilities, which has been re-proposed for alignment with the other final capital rules. We continue to evaluate the final rule and its impact, which would apply beginning reporting periods after January 1, 2015.

Our current estimate of the pro-forma fully phased in Tier I common equity ratio at December 31, 2013 under the final capital rule, assuming the Company elected to maintain the current treatment of AOCI components in capital, would be approximately 9.0 percent**. This would compare with 9.4 percent* as calculated under the currently prevailing Basel I capital framework. The primary drivers of the change from the prevailing capital framework to the Basel III framework would be an increase in Tier I common equity of approximately 6 bps, which would be more than offset by modestly higher risk-weighted assets. (The largest impact to the numerator is that the new rules would not require the current 10 percent deduction of mortgage servicing rights assets; the largest changes to the denominator would be the treatment of securitizations, mortgage servicing rights, and lending commitments of less than a year.) Should Fifth Third make the election to include AOCI components in capital, the December 31, 2013 pro forma Basel III Tier 1 common ratio would be increased by approximately 7 bps. Fifth Third’s pro forma Tier 1 common equity ratio exceeds the minimum buffered Tier 1 common equity ratio of 7 percent, comprising a minimum of 4.5 percent plus a capital conservation buffer of 2.5 percent. The pro forma Tier 1 common equity ratio does not include the effect of any mitigating actions the Bancorp may undertake to offset any impact of the final capital rules.

The new regulations approved by U.S. banking regulators also cease Tier 1 capital treatment for outstanding TruPS for banking organizations greater than $15 billion by January 1, 2016. On December 30, 2013, Fifth Third redeemed the $750

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

** 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.

16

million of Fifth Third Capital Trust IV due to a determination of a Capital Treatment Event. Fifth Third’s Tier 1 and Total capital levels at December 31, 2013 included $60 million of TruPS.

Fifth Third is subject to the Federal Reserve’s (FRB) Capital Plan Rule which was issued November 1, 2013. Under this rule, we are required to submit our annual capital plan to the Federal Reserve, for its objection or non-objection. Fifth Third submitted its 2014 capital plan on January 6, 2014, as required. 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 2014 through the first quarter of 2015. Our plan for the covered period included the possibility that we would increase our common dividend consistent with the FRB’s 30 percent payout ratio guidance and conduct common share repurchases at levels which would be expected to maintain common equity capital levels in the current range. Any such actions would be based on the FRB’s non-objection, environmental 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. The Federal Reserve has indicated to the BHCs that it will issue its response on or before March 31, 2014.

Tax Rate

The effective tax rate was 28.4 percent this quarter compared with 30.3 percent in the third quarter and 26.8 percent in the fourth quarter of 2012.

Other

Fifth Third Bank owns 48.8 million units representing a 25 percent interest in Vantiv Holding, LLC, convertible into shares of Vantiv, Inc., a publicly traded firm (NYSE: VNTV). Based upon Vantiv’s closing price of $32.61 on December 31, 2013, our interest in Vantiv was valued at approximately $1.6 billion. Next month in our 10-K, we will update our disclosure of the carrying value of our interest in Vantiv stock, which was $415 million as of September 30, 2013. The difference between the market value and the book value of Fifth Third’s interest in Vantiv’s shares 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 $384 million as of December 31, 2013.

Conference Call

Fifth Third will host a conference call to discuss these financial results at 9:00 a.m. (Eastern Time) today. This conference call will be webcast live by Thomson Financial and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on “About Fifth Third” then “Investor Relations”). The webcast also is being distributed over Thomson Financial’s Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Financial’s individual investor center at www.earnings.com or by visiting any of the investor sites in Thomson Financial’s Individual Investor Network. Institutional investors can access the call via Thomson Financial’s password-protected event management site, StreetEvents (www.streetevents.com).

Those unable to listen to the live webcast may access a webcast replay through the Fifth Third Investor Relations website at the same web address. Additionally, a telephone replay of the conference call will be available beginning approximately

17

two hours after the conference call until Thursday, February 6 by dialing 800-585-8367 for domestic access and 404-537-3406 for international access (passcode 144287558#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of December 31, 2013, the Company had $130 billion in assets and operated 17 affiliates with 1,320 full-service Banking Centers, including 104 Bank Mart^® locations, most open seven days a week, inside select grocery stores and 2,586 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 25% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2013, had $302 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^® 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; (21) loss of income from any sale or potential sale of businesses that could have an adverse effect on Fifth Third’s earnings and future growth; (22) ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; and (23) the impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity.

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

# # #

18

Quarterly Financial Review for December 31, 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	27-29
Summary of Loans and Leases	30
Regulatory Capital	31
Summary of Credit Loss Experience	32
Asset Quality	33
Regulation G Non-GAAP Reconciliation	34
Segment Presentation	35

19

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended									% Change						Year to Date						% Change
	December 2013			September 2013			December 2012			Seq			Yr/Yr			December 2013			December 2012			Yr/Yr
Income Statement Data
Net interest income(a)	$	905		$	898		$	903			1	%		—		$	3,581		$	3,612			(1	%)
Noninterest income		703			721			880			(2	%)		(20	%)		3,227			2,999			8	%
Total revenue(a)		1,608			1,619			1,783			(1	%)		(10	%)		6,808			6,611			3	%
Provision for loan and lease losses		53			51			76			5	%		(30	%)		229			303			(24	%)
Noninterest expense		989			959			1,163			3	%		(15	%)		3,961			4,080			(3	%)
Net income attributable to Bancorp		402			421			399			(4	%)		1	%		1,836			1,576			16	%
Net income available to common shareholders		383			421			390			(9	%)		(2	%)		1,799			1,541			17	%
Common Share Data
Earnings per share, basic	$	0.44		$	0.47		$	0.44			(6	%)		—		$	2.05		$	1.69			21	%
Earnings per share, diluted		0.43			0.47			0.43			(9	%)		—			2.02			1.66			22	%
Cash dividends per common share		0.12			0.12			0.10			—			20	%		0.47			0.36			31	%
Book value per share		15.85			15.84			15.10			0	%		5	%		15.85			15.10			5	%
Market price per share		21.03			18.05			15.20			17	%		38	%		21.03			15.20			38	%
Common shares outstanding (in thousands)		855,306			887,030			882,152			(4	%)		(3	%)		855,306			882,152			(3	%)
Average common shares outstanding (in thousands):
Basic		868,077			880,183			884,676			(1	%)		(2	%)		869,463			904,425			(4	%)
Diluted		877,511			888,111			925,585			(1	%)		(5	%)		894,736			945,554			(5	%)
Market capitalization	$	17,987		$	16,011		$	13,409			12	%		34	%	$	17,987		$	13,409			34	%
Financial Ratios
Return on average assets		1.24	%		1.35	%		1.33	%		(8	%)		(7	%)		1.48	%		1.34	%		11	%
Return on average common equity		10.8	%		12.1	%		11.5	%		(10	%)		(6	%)		13.1	%		11.6	%		13	%
Return on average tangible common equity(b)		13.1	%		14.7	%		14.1	%		(11	%)		(7	%)		16.0	%		14.3	%		12	%
Noninterest income as a percent of total revenue		44	%		45	%		49	%		(2	%)		(11	%)		47	%		45	%		5	%
Average Bancorp shareholders’ equity as a percent of average assets		11.51	%		11.71	%		11.65	%		(2	%)		(1	%)		11.56	%		11.65	%		(1	%)
Tangible common equity(c)(d)		8.63	%		9.27	%		8.83	%		(7	%)		(2	%)		8.63	%		8.83	%		(2	%)
Net interest margin(a)		3.21	%		3.31	%		3.49	%		(3	%)		(8	%)		3.32	%		3.55	%		(7	%)
Efficiency(a)		61.5	%		59.2	%		65.2	%		4	%		(6	%)		58.2	%		61.7	%		(6	%)
Effective tax rate		28.4	%		30.3	%		26.8	%		(6	%)		6	%		29.7	%		28.8	%		3	%
Credit Quality
Net losses charged off	$	148		$	109		$	147			36	%		—		$	501		$	704			(29	%)
Net losses charged off as a percent of average loans and leases		0.67	%		0.49	%		0.70	%		35	%		(4	%)		0.58	%		0.85	%		(32	%)
Allowance for loan and lease losses as a percent of portfolio loans and leases		1.79	%		1.92	%		2.16	%		(7	%)		(17	%)		1.79	%		2.16	%		(17	%)
Allowance for credit losses as a percent of portfolio loans and leases		1.97	%		2.11	%		2.37	%		(7	%)		(17	%)		1.97	%		2.37	%		(17	%)
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned(e)		1.10	%		1.16	%		1.49	%		(5	%)		(26	%)		1.10	%		1.49	%		(26	%)
Average Balances
Loans and leases, including held for sale	$	88,865		$	89,154		$	86,180			—			3	%	$	89,093		$	84,822			5	%
Total securities and other short-term investments		23,043			18,528			16,765			24	%		37	%		18,861			16,814			12	%
Total assets		128,179			123,346			118,943			4	%		8	%		123,732			117,614			5	%
Transaction deposits(f)		85,740			83,245			80,195			3	%		7	%		82,915			78,116			6	%
Core deposits(g)		89,269			86,921			84,289			3	%		6	%		86,675			82,422			5	%
Wholesale funding(h)		19,069			16,924			16,354			13	%		17	%		17,797			16,978			5	%
Bancorp shareholders’ equity		14,757			14,440			13,855			2	%		7	%		14,302			13,701			4	%
Regulatory Capital Ratios(i)
Tier I risk-based capital		10.35	%		11.14	%		10.65	%		(7	%)		(3	%)		10.35	%		10.65	%		(3	%)
Total risk-based capital		14.07	%		14.35	%		14.42	%		(2	%)		(2	%)		14.07	%		14.42	%		(2	%)
Tier I leverage		9.64	%		10.58	%		10.05	%		(9	%)		(4	%)		9.64	%		10.05	%		(4	%)
Tier I common equity(d)		9.38	%		9.88	%		9.51	%		(5	%)		(1	%)		9.38	%		9.51	%		(1	%)
Operations
Banking centers		1,320			1,326			1,325			—			—			1,320			1,325			—
ATMs		2,586			2,374			2,415			9	%		7	%		2,586			2,415			7	%
Full-time equivalent employees		19,446			20,256			20,798			(4	%)		(7	%)		19,446			20,798			(7	%)

(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
	December 2013			September 2013			June 2013			March 2013			December 2012
Income Statement Data
Net interest income(a)	$	905		$	898		$	885		$	893		$	903
Noninterest income		703			721			1,060			743			880
Total revenue(a)		1,608			1,619			1,945			1,636			1,783
Provision for loan and lease losses		53			51			64			62			76
Noninterest expense		989			959			1,035			978			1,163
Net income attributable to Bancorp		402			421			591			422			399
Net income available to common shareholders		383			421			582			413			390
Common Share Data
Earnings per share, basic	$	0.44		$	0.47		$	0.67		$	0.47		$	0.44
Earnings per share, diluted		0.43			0.47			0.65			0.46			0.43
Cash dividends per common share		0.12			0.12			0.12			0.11			0.10
Book value per share		15.85			15.84			15.56			15.42			15.10
Market price per share		21.03			18.05			18.05			16.31			15.20
Common shares outstanding (in thousands)		855,306			887,030			851,474			874,645			882,152
Average common shares outstanding (in thousands):
Basic		868,077			880,183			858,583			870,923			884,676
Diluted		877,511			888,111			900,625			913,163			925,585
Market capitalization	$	17,987		$	16,011		$	15,369		$	14,265		$	13,409
Financial Ratios
Return on average assets		1.24	%		1.35	%		1.94	%		1.41	%		1.33	%
Return on average common equity		10.8	%		12.1	%		17.3	%		12.5	%		11.5	%
Return on average tangible common equity(b)		13.1	%		14.7	%		21.1	%		15.4	%		14.1	%
Noninterest income as a percent of total revenue		44	%		45	%		55	%		45	%		49	%
Average Bancorp shareholders’ equity as a percent of average assets		11.51	%		11.71	%		11.64	%		11.38	%		11.65	%
Tangible common equity(c)(d)		8.63	%		9.27	%		8.83	%		9.03	%		8.83	%
Net interest margin(a)		3.21	%		3.31	%		3.33	%		3.42	%		3.49	%
Efficiency(a)		61.5	%		59.2	%		53.2	%		59.8	%		65.2	%
Effective tax rate		28.4	%		30.3	%		29.7	%		30.4	%		26.8	%
Credit Quality
Net losses charged off	$	148		$	109		$	112		$	133		$	147
Net losses charged off as a percent of average loans and leases		0.67	%		0.49	%		0.51	%		0.63	%		0.70	%
Allowance for loan and lease losses as a percent of portfolio loans and leases		1.79	%		1.92	%		1.99	%		2.08	%		2.16	%
Allowance for credit losses as a percent of portfolio loans and leases		1.97	%		2.11	%		2.18	%		2.28	%		2.37	%
Nonperforming assets as a percent of portfolio loans, leases
and other assets, including other real estate owned(e)		1.10	%		1.16	%		1.32	%		1.41	%		1.49	%
Average Balances
Loans and leases, including held for sale	$	88,865		$	89,154		$	89,473		$	88,880		$	86,180
Total securities and other short-term investments		23,043			18,528			16,962			16,846			16,765
Total assets		128,179			123,346			122,212			121,117			118,943
Transaction deposits(f)		85,740			83,245			81,678			80,938			80,195
Core deposits(g)		89,269			86,921			85,537			84,920			84,289
Wholesale funding(h)		19,069			16,924			17,508			17,683			16,354
Bancorp shareholders’ equity		14,757			14,440			14,221			13,779			13,855
Regulatory Capital Ratios(i)
Tier I risk-based capital		10.35	%		11.14	%		11.07	%		10.83	%		10.65	%
Total risk-based capital		14.07	%		14.35	%		14.34	%		14.35	%		14.42	%
Tier I leverage		9.64	%		10.58	%		10.40	%		10.03	%		10.05	%
Tier I common equity(d)		9.38	%		9.88	%		9.43	%		9.70	%		9.51	%
Operations
Banking centers		1,320			1,326			1,326			1,320			1,325
ATMs		2,586			2,374			2,433			2,426			2,415
Full-time equivalent employees		19,446			20,256			20,569			20,744			20,798

(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						Year to Date						% Change
	December 2013		September 2013		December 2012			Seq			Yr/Yr			December 2013			December 2012			Yr/Yr
Interest Income
Interest and fees on loans and leases	$	845	$	857	$	891			(1	%)		(5	%)		3,447			3,574			(4	%)
Interest on securities		154		134		124			15	%		25	%		520			529			(2	%)
Interest on other short-term investments		3		1		1			NM			NM			6			4			61	%
Total interest income		1,002		992		1,016			1	%		(1	%)		3,973			4,107			(3	%)
Interest Expense
Interest on deposits		48		51		51			(7	%)		(7	%)		202			216			(7	%)
Interest on other short-term borrowings		1		1		3			(7	%)		(66	%)		6			8			(29	%)
Interest on long-term debt		53		47		63			15	%		(15	%)		204			289			(29	%)
Total interest expense		102		99		117			3	%		(13	%)		412			513			(19	%)
Net Interest Income		900		893		899			1	%		—			3,561			3,594			(1	%)
Provision for loan and lease losses		53		51		76			5	%		(30	%)		229			303			(24	%)
Net interest income after provision for loan and lease losses		847		842		823			—			3	%		3,332			3,291			1	%
Noninterest Income
Service charges on deposits		142		140		134			1	%		6	%		549			522			5	%
Corporate banking revenue		94		102		114			(8	%)		(18	%)		400			413			(3	%)
Mortgage banking net revenue		126		121		258			4	%		(51	%)		700			845			(17	%)
Investment advisory revenue		98		97		93			2	%		6	%		393			374			5	%
Card and processing revenue		71		69		66			3	%		8	%		272			253			8	%
Other noninterest income		170		185		215			(7	%)		(21	%)		879			574			53	%
Securities gains, net		2		2		2			(36	%)		(23	%)		21			15			40	%
Securities gains, net—non-qualifying hedges on mortgage servicing rights		—		5		(2	)		(100	%)		(100	%)		13			3			NM
Total noninterest income		703		721		880			(2	%)		(20	%)		3,227			2,999			8	%
Noninterest Expense
Salaries, wages and incentives		388		389		416			—			(7	%)		1,581			1,607			(2	%)
Employee benefits		78		83		96			(6	%)		(19	%)		357			371			(4	%)
Net occupancy expense		77		75		76			2	%		1	%		307			302			2	%
Technology and communications		53		52		52			2	%		2	%		204			196			4	%
Equipment expense		29		29		27			—			8	%		114			110			4	%
Card and processing expense		37		33		31			13	%		18	%		134			121			11	%
Other noninterest expense		327		298		465			10	%		(30	%)		1,264			1,373			(8	%)
Total noninterest expense		989		959		1,163			3	%		(15	%)		3,961			4,080			(3	%)
Income before income taxes		561		604		540			(7	%)		4	%		2,598			2,210			18	%
Applicable income tax expense		159		183		144			(13	%)		11	%		772			636			22	%
Net Income		402		421		396			(5	%)		2	%		1,826			1,574			16	%
Less: Net income attributable to noncontrolling interests		—		—		(3	)		NM			89	%		(10	)		(2	)		NM
Net income attributable to Bancorp		402		421		399			(4	%)		1	%		1,836			1,576			16	%
Dividends on preferred stock		19		—		9			100	%		NM			37			35			5	%
Net income available to common shareholders	$	383	$	421	$	390			(9	%)		(2	%)		1,799			1,541			17	%

22

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	December 2013		September 2013		June 2013		March 2013			December 2012
Interest Income
Interest and fees on loans and leases	$	845	$	857	$	864	$	882		$	891
Interest on securities		154		134		119		112			124
Interest on other short-term investments		3		1		1		1			1
Total interest income		1,002		992		984		995			1,016
Taxable equivalent adjustment		5		5		5		5			4
Total interest income (taxable equivalent)		1,007		997		989		1,000			1,020
Interest Expense
Interest on deposits		48		51		53		50			51
Interest on other short-term borrowings		1		1		1		3			3
Interest on long-term debt		53		47		50		54			63
Total interest expense		102		99		104		107			117
Net Interest Income (taxable equivalent)		905		898		885		893			903
Provision for loan and lease losses		53		51		64		62			76
Net interest income (taxable equivalent) after provision for loan and lease losses		852		847		821		831			827
Noninterest Income
Service charges on deposits		142		140		136		131			134
Corporate banking revenue		94		102		106		99			114
Mortgage banking net revenue		126		121		233		220			258
Investment advisory revenue		98		97		98		100			93
Card and processing revenue		71		69		67		65			66
Other noninterest income		170		185		414		109			215
Securities gains, net		2		2		—		17			2
Securities gains, net—non-qualifying hedges on mortgage servicing rights		—		5		6		2			(2	)
Total noninterest income		703		721		1,060		743			880
Noninterest Expense
Salaries, wages and incentives		388		389		404		399			416
Employee benefits		78		83		83		114			96
Net occupancy expense		77		75		76		79			76
Technology and communications		53		52		50		49			52
Equipment expense		29		29		28		28			27
Card and processing expense		37		33		33		31			31
Other noninterest expense		327		298		361		278			465
Total noninterest expense		989		959		1,035		978			1,163
Income before income taxes (taxable equivalent)		566		609		846		596			544
Taxable equivalent adjustment		5		5		5		5			4
Income before income taxes		561		604		841		591			540
Applicable income tax expense		159		183		250		179			144
Net Income		402		421		591		412			396
Less: Net Income attributable to noncontrolling interests		—		—		—		(10	)		(3	)
Net income attributable to Bancorp		402		421		591		422			399
Dividends on preferred stock		19		—		9		9			9
Net income available to common shareholders	$	383	$	421	$	582	$	413		$	390

23

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	December 2013			September 2013			December 2012			Seq			Yr/Yr
Assets
Cash and due from banks	$	3,178		$	2,887		$	2,441			10	%		30	%
Available-for-sale and other securities(a)		18,597			18,080			15,207			3	%		22	%
Held-to-maturity securities(b)		208			265			284			(21	%)		(27	%)
Trading securities		343			246			207			39	%		65	%
Other short-term investments		5,116			2,622			2,421			95	%		NM
Loans held for sale		944			1,330			2,939			(29	%)		(68	%)
Portfolio loans and leases:
Commercial and industrial loans		39,316			38,253			36,038			3	%		9	%
Commercial mortgage loans		8,066			8,052			9,103			—			(11	%)
Commercial construction loans		1,039			875			698			19	%		49	%
Commercial leases		3,625			3,572			3,549			1	%		2	%
Residential mortgage loans		12,680			12,534			12,017			1	%		6	%
Home equity		9,246			9,356			10,018			(1	%)		(8	%)
Automobile loans		11,984			12,072			11,972			(1	%)		—
Credit card		2,294			2,157			2,097			6	%		9	%
Other consumer loans and leases		364			360			290			1	%		25	%
Portfolio loans and leases		88,614			87,231			85,782			2	%		3	%
Allowance for loan and lease losses		(1,582	)		(1,677	)		(1,854	)		(6	%)		(15	%)
Portfolio loans and leases, net		87,032			85,554			83,928			2	%		4	%
Bank premises and equipment		2,531			2,528			2,542			—			—
Operating lease equipment		730			707			581			3	%		26	%
Goodwill		2,416			2,416			2,416			—			—
Intangible assets		19			21			27			(8	%)		(28	%)
Servicing rights		971			919			697			6	%		39	%
Other assets		8,358			8,098			8,204			3	%		2	%
Total assets	$	130,443		$	125,673		$	121,894			4	%		7	%
Liabilities
Deposits:
Demand	$	32,634		$	30,153		$	30,023			8	%		9	%
Interest checking		25,875			23,527			24,477			10	%		6	%
Savings		17,045			17,583			19,879			(3	%)		(14	%)
Money market		11,644			10,433			6,875			12	%		69	%
Foreign office		1,976			1,409			885			40	%		NM
Other time		3,530			3,524			4,015			—			(12	%)
Certificates—$100,000 and over		6,571			7,497			3,284			(12	%)		100	%
Other		—			—			79			—			(100	%)
Total deposits		99,275			94,126			89,517			5	%		11	%
Federal funds purchased		284			225			901			26	%		(69	%)
Other short-term borrowings		1,380			3,487			6,280			(60	%)		(78	%)
Accrued taxes, interest and expenses		1,758			1,692			1,708			4	%		3	%
Other liabilities		3,487			3,365			2,639			4	%		32	%
Long-term debt		9,633			8,098			7,085			19	%		36	%
Total liabilities		115,817			110,993			108,130			4	%		7	%
Equity
Common stock(c)		2,051			2,051			2,051			—			—
Preferred stock		1,034			593			398			75	%		NM
Capital surplus		2,561			2,565			2,758			—			(7	%)
Retained earnings		10,156			9,876			8,768			3	%		16	%
Accumulated other comprehensive income		82			218			375			(63	%)		(78	%)
Treasury stock		(1,295	)		(662	)		(634	)		96	%		NM
Total Bancorp shareholders’ equity		14,589			14,641			13,716			—			6	%
Noncontrolling interests		37			39			48			(3	%)		(22	%)
Total Equity		14,626			14,680			13,764			—			6	%
Total liabilities and equity	$	130,443		$	125,673		$	121,894			4	%		7	%
(a) Amortized cost	$	18,409		$	17,665		$	14,571			4	%		26	%
(b) Market values		208			265			284			(21	%)		(27	%)
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			2,000,000			—			—
Outstanding, excluding treasury		855,306			887,030			882,152			(4	%)		(3	%)
Treasury		68,587			36,863			41,741			86	%		64	%

24

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	December 2013			September 2013			June 2013			March 2013			December 2012
Assets
Cash and due from banks	$	3,178		$	2,887		$	2,390		$	2,186		$	2,441
Available-for-sale and other securities(a)		18,597			18,080			16,187			15,263			15,207
Held-to-maturity securities(b)		208			265			274			283			284
Trading securities		343			246			219			218			207
Other short-term investments		5,116			2,622			1,109			2,286			2,421
Loans held for sale		944			1,330			2,148			2,691			2,939
Portfolio loans and leases:
Commercial and industrial loans		39,316			38,253			37,856			36,757			36,038
Commercial mortgage loans		8,066			8,052			8,443			8,766			9,103
Commercial construction loans		1,039			875			754			694			698
Commercial leases		3,625			3,572			3,567			3,568			3,549
Residential mortgage loans		12,680			12,534			12,400			12,091			12,017
Home equity		9,246			9,356			9,531			9,727			10,018
Automobile loans		11,984			12,072			12,015			11,741			11,972
Credit card		2,294			2,157			2,114			2,043			2,097
Other consumer loans and leases		364			360			352			289			290
Portfolio loans and leases		88,614			87,231			87,032			85,676			85,782
Allowance for loan and lease losses		(1,582	)		(1,677	)		(1,735	)		(1,783	)		(1,854	)
Portfolio loans and leases, net		87,032			85,554			85,297			83,893			83,928
Bank premises and equipment		2,531			2,528			2,540			2,540			2,542
Operating lease equipment		730			707			645			598			581
Goodwill		2,416			2,416			2,416			2,416			2,416
Intangible assets		19			21			23			25			27
Servicing rights		971			919			899			772			697
Other assets		8,358			8,098			9,213			8,211			8,204
Total assets	$	130,443		$	125,673		$	123,360		$	121,382		$	121,894
Liabilities
Deposits:
Demand	$	32,634		$	30,153		$	30,097		$	30,027		$	30,023
Interest checking		25,875			23,527			22,878			23,175			24,477
Savings		17,045			17,583			18,448			19,339			19,879
Money market		11,644			10,433			9,247			8,613			6,875
Foreign office		1,976			1,409			1,570			1,089			885
Other time		3,530			3,524			3,793			3,909			4,015
Certificates—$100,000 and over		6,571			7,497			7,374			5,472			3,284
Other		—			—			47			—			79
Total deposits		99,275			94,126			93,454			91,624			89,517
Federal funds purchased		284			225			636			386			901
Other short-term borrowings		1,380			3,487			2,112			2,439			6,280
Accrued taxes, interest and expenses		1,758			1,692			1,619			1,599			1,708
Other liabilities		3,487			3,365			4,322			3,094			2,639
Long-term debt		9,633			8,098			6,940			8,320			7,085
Total liabilities		115,817			110,993			109,083			107,462			108,130
Equity
Common stock(c)		2,051			2,051			2,051			2,051			2,051
Preferred stock		1,034			593			991			398			398
Capital surplus		2,561			2,565			2,689			2,782			2,758
Retained earnings		10,156			9,876			9,561			9,084			8,768
Accumulated other comprehensive income		82			218			149			333			375
Treasury stock		(1,295	)		(662	)		(1,202	)		(766	)		(634	)
Total Bancorp shareholders’ equity		14,589			14,641			14,239			13,882			13,716
Noncontrolling interests		37			39			38			38			48
Total Equity		14,626			14,680			14,277			13,920			13,764
Total liabilities and equity	$	130,443		$	125,673		$	123,360		$	121,382		$	121,894
(a) Amortized cost	$	18,409		$	17,665		$	15,793		$	14,652		$	14,571
(b) Market values		208			265			274			283			284
(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		855,306			887,030			851,474			874,645			882,152
Treasury		68,587			36,863			72,419			49,248			41,741

25

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Equity

$ in millions

(unaudited)

	For the Three Months Ended						Year to Date
	December 2013			December 2012			December 2013			December 2012
Total equity, beginning	$	14,680		$	13,769		$	13,764		$	13,251
Net income attributable to Bancorp		402			399			1,836			1,576
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		(147	)		(82	)		(291	)		(73	)
Qualifying cash flow hedges		(18	)		(12	)		(37	)		(30	)
Change in accumulated other comprehensive income related to employee benefit plans		29			1			35			8
Comprehensive income		266			306			1,543			1,481
Cash dividends declared:
Common stock		(103	)		(88	)		(407	)		(325	)
Preferred stock		(19	)		(9	)		(37	)		(35	)
Impact of stock transactions under stock compensation plans, net		17			14			60			44
Shares acquired for treasury		(656	)		(225	)		(1,320	)		(650	)
Issuance of preferred stock		442			—			1,035			—
Noncontrolling interest		(1	)		(3	)		(11	)		(2	)
Other		—			—			(1	)		—
Total equity, ending	$	14,626		$	13,764		$	14,626		$	13,764

26

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	December 2013			September 2013			December 2012			Seq			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	38,846		$	38,145		$	34,311			2	%		13	%
Commercial mortgage loans		8,051			8,280			9,209			(3	%)		(12	%)
Commercial construction loans		955			797			697			20	%		39	%
Commercial leases		3,579			3,574			3,509			—			2	%
Residential mortgage loans		13,544			14,333			14,028			(6	%)		(3	%)
Home equity		9,296			9,432			10,129			(1	%)		(8	%)
Automobile loans		12,019			12,083			11,944			(1	%)		1	%
Credit card		2,202			2,140			2,029			3	%		9	%
Other consumer loans and leases		373			370			324			1	%		17	%
Taxable securities		18,383			16,590			15,187			11	%		21	%
Tax exempt securities		48			44			57			11	%		(15	%)
Other short-term investments		4,612			1,894			1,521			NM			NM
Total interest-earning assets		111,908			107,682			102,945			4	%		9	%
Cash and due from banks		2,956			2,380			2,442			24	%		21	%
Other assets		14,986			15,015			15,468			—			(3	%)
Allowance for loan and lease losses		(1,671	)		(1,731	)		(1,912	)		(3	%)		(13	%)
Total assets	$	128,179		$	123,346		$	118,943			4	%		8	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	24,650		$	23,116		$	23,556			7	%		5	%
Savings		17,323			18,026			20,216			(4	%)		(14	%)
Money market		11,285			9,693			6,026			16	%		87	%
Foreign office		1,717			1,755			1,174			(2	%)		46	%
Other time		3,529			3,676			4,094			(4	%)		(14	%)
Certificates—$100,000 and over		7,456			7,315			3,084			2	%		142	%
Other		—			17			32			(99	%)		(99	%)
Federal funds purchased		301			464			794			(35	%)		(62	%)
Other short-term borrowings		2,177			1,675			4,553			30	%		(52	%)
Long-term debt		9,135			7,453			7,891			23	%		16	%
Total interest-bearing liabilities		77,573			73,190			71,420			6	%		9	%
Demand deposits		30,765			30,655			29,223			—			5	%
Other liabilities		5,045			5,023			4,394			—			15	%
Total liabilities		113,383			108,868			105,037			4	%		8	%
Equity		14,796			14,478			13,906			2	%		6	%
Total liabilities and equity	$	128,179		$	123,346		$	118,943			4	%		8	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		3.46	%		3.49	%		4.01	%
Commercial mortgage loans		3.53	%		3.60	%		3.69	%
Commercial construction loans		3.46	%		3.71	%		3.01	%
Commercial leases		3.10	%		3.22	%		3.42	%
Residential mortgage loans		3.88	%		3.87	%		3.94	%
Home equity		3.62	%		3.74	%		3.72	%
Automobile loans		2.96	%		3.02	%		3.46	%
Credit card		9.90	%		9.93	%		9.96	%
Other consumer loans and leases		43.19	%		42.84	%		50.06	%
Total loans and leases		3.79	%		3.83	%		4.13	%
Taxable securities		3.32	%		3.20	%		3.23	%
Tax exempt securities		5.65	%		5.08	%		2.91	%
Other short-term investments		0.26	%		0.26	%		0.28	%
Total interest-earning assets		3.57	%		3.68	%		3.94	%
Interest-bearing liabilities:
Interest checking		0.22	%		0.23	%		0.22	%
Savings		0.11	%		0.11	%		0.14	%
Money market		0.26	%		0.24	%		0.23	%
Foreign office		0.27	%		0.29	%		0.27	%
Other time		0.98	%		1.33	%		1.54	%
Certificates—$100,000 and over		0.64	%		0.74	%		1.39	%
Other		0.05	%		0.08	%		0.14	%
Federal funds purchased		0.14	%		0.10	%		0.16	%
Other short-term borrowings		0.15	%		0.21	%		0.21	%
Long-term debt		2.32	%		2.47	%		3.19	%
Total interest-bearing liabilities		0.52	%		0.54	%		0.65	%
Ratios:
Net interest margin (taxable equivalent)		3.21	%		3.31	%		3.49	%
Net interest rate spread (taxable equivalent)		3.05	%		3.14	%		3.29	%
Interest-bearing liabilities to interest-earning assets		69.32	%		67.97	%		69.38	%

27

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	Year to Date						% Change
	December 2013			December 2012			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	37,770		$	32,911			15	%
Commercial mortgage loans		8,481			9,686			(12	%)
Commercial construction loans		793			835			(4	%)
Commercial leases		3,565			3,502			2	%
Residential mortgage loans		14,428			13,370			8	%
Home equity		9,554			10,369			(8	%)
Automobile loans		12,021			11,849			1	%
Credit card		2,121			1,960			8	%
Other consumer loans and leases		360			340			5	%
Taxable securities		16,395			15,262			7	%
Tax exempt securities		49			57			(12	%)
Other short-term investments		2,417			1,495			62	%
Total interest-earning assets		107,954			101,636			6	%
Cash and due from banks		2,482			2,355			5	%
Other assets		15,053			15,695			(4	%)
Allowance for loan and lease losses		(1,757	)		(2,072	)		(15	%)
Total assets		123,732			117,614			5	%
Liabilities
Interest-bearing liabilities:
Interest checking		23,582			23,096			2	%
Savings		18,440			21,393			(14	%)
Money market		9,467			4,903			93	%
Foreign office		1,501			1,528			(2	%)
Other time		3,760			4,306			(13	%)
Certificates—$100,000 and over		6,339			3,102			104	%
Other		17			27			(37	%)
Federal funds purchased		503			560			(10	%)
Other short-term borrowings		3,024			4,246			(29	%)
Long-term debt		7,914			9,043			(12	%)
Total interest-bearing liabilities		74,547			72,204			3	%
Demand deposits		29,925			27,196			10	%
Other liabilities		4,917			4,462			10	%
Total liabilities		109,389			103,862			5	%
Equity		14,343			13,752			4	%
Total liabilities and equity		123,732			117,614			5	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		3.60	%		4.10	%		(12	%)
Commercial mortgage loans		3.60	%		3.81	%		(5	%)
Commercial construction loans		3.45	%		2.99	%		15	%
Commercial leases		3.26	%		3.62	%		(10	%)
Residential mortgage loans		3.91	%		4.06	%		(4	%)
Home equity		3.71	%		3.79	%		(2	%)
Automobile loans		3.10	%		3.70	%		(16	%)
Credit card		9.87	%		9.79	%		1	%
Other consumer loans and leases		42.93	%		45.32	%		(5	%)
Total loans and leases		3.89	%		4.23	%		(8	%)
Taxable securities		3.16	%		3.45	%		(9	%)
Tax exempt securities		5.29	%		3.29	%		6	%
Other short-term investments		0.26	%		0.26	%		—
Total interest-earning assets		3.70	%		4.06	%		(9	%)
Interest-bearing liabilities:
Interest checking		0.23	%		0.22	%
Savings		0.12	%		0.17	%
Money market		0.25	%		0.22	%
Foreign office		0.28	%		0.27	%
Other time		1.33	%		1.59	%
Certificates—$100,000 and over		0.78	%		1.48	%
Other		0.11	%		0.13	%
Federal funds purchased		0.12	%		0.14	%
Other short-term borrowings		0.18	%		0.18	%
Long-term debt		2.58	%		3.17	%
Total interest-bearing liabilities		0.55	%		0.71	%
Ratios:
Net interest margin (taxable equivalent)		3.32	%		3.55	%
Net interest rate spread (taxable equivalent)		3.15	%		3.35	%
Interest-bearing liabilities to interest-earning assets		69.05	%		71.04	%

28

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	December 2013			September 2013			June 2013			March 2013			December 2012
Assets
Interest-earning assets:
Commercial and industrial loans	$	38,846		$	38,145		$	37,636		$	36,423		$	34,311
Commercial mortgage loans		8,051			8,280			8,627			8,978			9,209
Commercial construction loans		955			797			717			700			697
Commercial leases		3,579			3,574			3,553			3,557			3,509
Residential mortgage loans		13,544			14,333			14,984			14,866			14,028
Home equity		9,296			9,432			9,625			9,872			10,129
Automobile loans		12,019			12,083			11,887			12,096			11,944
Credit card		2,202			2,140			2,071			2,069			2,029
Other consumer loans and leases		373			370			373			319			324
Taxable securities		18,383			16,590			15,346			15,224			15,187
Tax exempt securities		48			44			55			51			57
Other short-term investments		4,612			1,894			1,561			1,571			1,521
Total interest-earning assets		111,908			107,682			106,435			105,726			102,945
Cash and due from banks		2,956			2,380			2,359			2,225			2,442
Other assets		14,986			15,015			15,198			15,016			15,468
Allowance for loan and lease losses		(1,671	)		(1,731	)		(1,780	)		(1,850	)		(1,912	)
Total assets	$	128,179		$	123,346		$	122,212		$	121,117		$	118,943
Liabilities
Interest-bearing liabilities:
Interest checking	$	24,650		$	23,116		$	22,796		$	23,763		$	23,556
Savings		17,323			18,026			18,864			19,576			20,216
Money market		11,285			9,693			8,918			7,932			6,026
Foreign office		1,717			1,755			1,418			1,102			1,174
Other time		3,529			3,676			3,859			3,982			4,094
Certificates—$100,000 and over		7,456			7,315			6,519			4,017			3,084
Other		—			17			10			40			32
Federal funds purchased		301			464			560			691			794
Other short-term borrowings		2,177			1,675			2,867			5,429			4,553
Long-term debt		9,135			7,453			7,552			7,506			7,891
Total interest-bearing liabilities		77,573			73,190			73,363			74,038			71,420
Demand deposits		30,765			30,655			29,682			28,565			29,223
Other liabilities		5,045			5,023			4,908			4,687			4,394
Total liabilities		113,383			108,868			107,953			107,290			105,037
Equity		14,796			14,478			14,259			13,827			13,906
Total liabilities and equity	$	128,179		$	123,346		$	122,212		$	121,117		$	118,943
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		3.46	%		3.49	%		3.58	%		3.90	%		4.01	%
Commercial mortgage loans		3.53	%		3.60	%		3.65	%		3.63	%		3.69	%
Commercial construction loans		3.46	%		3.71	%		3.41	%		3.21	%		3.01	%
Commercial leases		3.10	%		3.22	%		3.36	%		3.38	%		3.42	%
Residential mortgage loans		3.88	%		3.87	%		3.91	%		3.98	%		3.94	%
Home equity		3.62	%		3.74	%		3.76	%		3.74	%		3.72	%
Automobile loans		2.96	%		3.02	%		3.16	%		3.29	%		3.46	%
Credit card		9.90	%		9.93	%		9.97	%		9.67	%		9.96	%
Other consumer loans and leases		43.19	%		42.84	%		39.49	%		46.77	%		50.06	%
Total loans and leases		3.79	%		3.83	%		3.89	%		4.04	%		4.13	%
Taxable securities		3.32	%		3.20	%		3.09	%		2.98	%		3.23	%
Tax exempt securities		5.65	%		5.08	%		5.01	%		5.44	%		2.91	%
Other short-term investments		0.26	%		0.26	%		0.24	%		0.26	%		0.28	%
Total interest-earning assets		3.57	%		3.68	%		3.73	%		3.84	%		3.94	%
Interest-bearing liabilities:
Interest checking		0.22	%		0.23	%		0.23	%		0.23	%		0.22	%
Savings		0.11	%		0.11	%		0.12	%		0.13	%		0.14	%
Money market		0.26	%		0.24	%		0.24	%		0.24	%		0.23	%
Foreign office		0.27	%		0.29	%		0.29	%		0.26	%		0.27	%
Other time		0.98	%		1.33	%		1.48	%		1.50	%		1.54	%
Certificates—$100,000 and over		0.64	%		0.74	%		0.82	%		1.09	%		1.39	%
Other		0.05	%		0.08	%		0.08	%		0.13	%		0.14	%
Federal funds purchased		0.14	%		0.10	%		0.11	%		0.14	%		0.16	%
Other short-term borrowings		0.15	%		0.21	%		0.18	%		0.18	%		0.21	%
Long-term debt		2.32	%		2.47	%		2.65	%		2.94	%		3.19	%
Total interest-bearing liabilities		0.52	%		0.54	%		0.57	%		0.59	%		0.65	%
Ratios:
Net interest margin (taxable equivalent)		3.21	%		3.31	%		3.33	%		3.42	%		3.49	%
Net interest rate spread (taxable equivalent)		3.05	%		3.14	%		3.16	%		3.25	%		3.29	%
Interest-bearing liabilities to interest-earning assets		69.32	%		67.97	%		68.93	%		70.03	%		69.38	%

29

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions (unaudited)

	For the Three Months Ended
	December 2013		September 2013		June 2013		March 2013		December 2012
Average Loans and Leases
Commercial:
Commercial and industrial loans	$	38,835	$	38,133	$	37,630	$	36,395	$	34,301
Commercial mortgage loans		8,047		8,273		8,618		8,965		9,193
Commercial construction loans		952		793		713		695		686
Commercial leases		3,578		3,572		3,552		3,556		3,509
Subtotal—commercial		51,412		50,771		50,513		49,611		47,689
Consumer:
Residential mortgage loans		12,609		12,486		12,260		12,096		11,846
Home equity		9,296		9,432		9,625		9,872		10,129
Automobile loans		12,019		12,083		11,887		11,961		11,944
Credit card		2,202		2,140		2,071		2,069		2,029
Other consumer loans and leases		357		360		351		294		306
Subtotal—consumer		36,483		36,501		36,194		36,292		36,254
Total average loans and leases (excluding held for sale)	$	87,895	$	87,272	$	86,707	$	85,903	$	83,943
Average loans held for sale		970		1,882		2,766		2,977		2,237
End of Period Loans and Leases
Commercial:
Commercial and industrial loans	$	39,316	$	38,253	$	37,856	$	36,757	$	36,038
Commercial mortgage loans		8,066		8,052		8,443		8,766		9,103
Commercial construction loans		1,039		875		754		694		698
Commercial leases		3,625		3,572		3,567		3,568		3,549
Subtotal—commercial		52,046		50,752		50,620		49,785		49,388
Consumer:
Residential mortgage loans		12,680		12,534		12,400		12,091		12,017
Home equity		9,246		9,356		9,531		9,727		10,018
Automobile loans		11,984		12,072		12,015		11,741		11,972
Credit card		2,294		2,157		2,114		2,043		2,097
Other consumer loans and leases		364		360		352		289		290
Subtotal—consumer		36,568		36,479		36,412		35,891		36,394
Total portfolio loans and leases	$	88,614	$	87,231	$	87,032	$	85,676	$	85,782
Core business activity		938		1,318		2,134		2,672		2,910
Portfolio management activity		6		12		14		19		29
Total loans held for sale		944		1,330		2,148		2,691		2,939
Operating lease equipment		730		707		645		598		581
Loans and Leases Serviced for Others:(a)
Commercial and industrial loans		685		727		748		757		721
Commercial mortgage loans		274		284		293		334		325
Commercial construction loans		43		40		39		28		29
Commercial leases		227		211		179		184		179
Residential mortgage loans		69,159		68,987		67,160		64,768		62,465
Automobile loans		370		408		448		489		—
Total loans and leases serviced for others		70,758		70,657		68,867		66,560		63,719
Total loans and leases serviced	$	161,046	$	159,925	$	158,692	$	155,525	$	153,021

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

30

Fifth Third Bancorp and Subsidiaries

Regulatory Capital^(a)

$ in millions

(unaudited)

	As of
	December 2013			September 2013			June 2013			March 2013			December 2012
Tier I capital:
Bancorp shareholders’ equity		14,589			14,641			14,239			13,882			13,716
Goodwill and certain other intangibles		(2,492	)		(2,492	)		(2,496	)		(2,504	)		(2,499	)
Unrealized (gains) losses		(82	)		(218	)		(149	)		(333	)		(375	)
Qualifying trust preferred securities		60			810			810			810			810
Other		19			21			22			23			33
Total tier I capital		12,094			12,762			12,426			11,878			11,685
Total risk-based capital:
Tier I capital		12,094			12,762			12,426			11,878			11,685
Qualifying allowance for credit losses		1,465			1,438			1,411			1,379			1,381
Qualifying subordinated notes		2,883			2,236			2,264			2,474			2,750
Total risk-based capital		16,442			16,436			16,101			15,731			15,816
Risk-weighted assets(b)		116,836			114,544			112,285			109,626			109,699
Ratios:
Average shareholders’ equity to average assets		11.51	%		11.71	%		11.64	%		11.38	%		11.65	%
Regulatory capital:
Fifth Third Bancorp
Tier I risk-based capital		10.35	%		11.14	%		11.07	%		10.83	%		10.65	%
Total risk-based capital		14.07	%		14.35	%		14.34	%		14.35	%		14.42	%
Tier I leverage		9.64	%		10.58	%		10.40	%		10.03	%		10.05	%
Tier I common equity(c)		9.38	%		9.88	%		9.43	%		9.70	%		9.51	%
Fifth Third Bank
Tier I risk-based capital		11.51	%		11.61	%		11.76	%		11.47	%		11.28	%
Total risk-based capital		12.85	%		12.96	%		13.12	%		12.84	%		12.74	%
Tier I leverage		10.73	%		11.02	%		11.05	%		10.63	%		10.65	%

(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 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) The tier I common equity ratio while not required by U.S. GAAP, is considered to be an important metric with which to analyze a bank’s position. The ratio has been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition.

31

Fifth Third Bancorp and Subsidiaries

Summary of Credit Loss Experience

$ in millions

(unaudited)

	For the Three Months Ended
	December 2013			September 2013			June 2013			March 2013			December 2012
Average loans and leases (excluding held for sale):
Commercial and industrial loans	$	38,835		$	38,133		$	37,630		$	36,395		$	34,301
Commercial mortgage loans		8,047			8,273			8,618			8,965			9,193
Commercial construction loans		952			793			713			695			686
Commercial leases		3,578			3,572			3,552			3,556			3,509
Residential mortgage loans		12,609			12,486			12,260			12,096			11,846
Home equity		9,296			9,432			9,625			9,872			10,129
Automobile loans		12,019			12,083			11,887			11,961			11,944
Credit card		2,202			2,140			2,071			2,069			2,029
Other consumer loans and leases		357			360			351			294			306
Total average loans and leases (excluding held for sale)	$	87,895		$	87,272		$	86,707		$	85,903		$	83,943
Losses charged off:
Commercial and industrial loans	($	78	)	($	52	)	($	42	)	($	35	)	($	43	)
Commercial mortgage loans		(13	)		(8	)		(15	)		(29	)		(23	)
Commercial construction loans		(4	)		(1	)		—			(4	)		(4	)
Commercial leases		—			—			(2	)		—			—
Residential mortgage loans		(15	)		(15	)		(18	)		(22	)		(25	)
Home equity		(30	)		(23	)		(27	)		(34	)		(38	)
Automobile loans		(11	)		(10	)		(11	)		(12	)		(14	)
Credit card		(24	)		(22	)		(23	)		(23	)		(22	)
Other consumer loans and leases		(8	)		(10	)		(7	)		(9	)		(8	)
Total losses		(183	)		(141	)		(145	)		(168	)		(177	)
Recoveries of losses previously charged off:
Commercial and industrial loans		12			8			9			10			7
Commercial mortgage loans		5			6			5			3			6
Commercial construction loans		—			3			—			1			—
Commercial leases		—			—			—			—			1
Residential mortgage loans		2			3			3			2			2
Home equity		4			4			4			4			4
Automobile loans		5			4			6			8			5
Credit card		3			3			4			3			3
Other consumer loans and leases		4			1			2			4			2
Total recoveries		35			32			33			35			30
Net losses charged off:
Commercial and industrial loans		(66	)		(44	)		(33	)		(25	)		(36	)
Commercial mortgage loans		(8	)		(2	)		(10	)		(26	)		(17	)
Commercial construction loans		(4	)		2			—			(3	)		(4	)
Commercial leases		—			—			(2	)		—			1
Residential mortgage loans		(13	)		(12	)		(15	)		(20	)		(23	)
Home equity		(26	)		(19	)		(23	)		(30	)		(34	)
Automobile loans		(6	)		(6	)		(5	)		(4	)		(9	)
Credit card		(21	)		(19	)		(19	)		(20	)		(19	)
Other consumer loans and leases		(4	)		(9	)		(5	)		(5	)		(6	)
Total net losses charged off	($	148	)	($	109	)	($	112	)	($	133	)	($	147	)
Net charge-off ratios:
Commercial and industrial loans		0.67	%		0.46	%		0.35	%		0.28	%		0.42	%
Commercial mortgage loans		0.40	%		0.14	%		0.50	%		1.18	%		0.70	%
Commercial construction loans		1.65	%		(1.16	%)		(0.04	%)		1.44	%		1.91	%
Commercial leases		(0.01	%)		(0.02	%)		0.18	%		0.03	%		(0.08	%)
Residential mortgage loans		0.39	%		0.39	%		0.48	%		0.69	%		0.77	%
Home equity		1.09	%		0.79	%		0.96	%		1.23	%		1.36	%
Automobile loans		0.20	%		0.19	%		0.16	%		0.16	%		0.27	%
Credit card		3.69	%		3.52	%		3.68	%		3.82	%		3.71	%
Other consumer loans and leases		6.03	%		9.09	%		5.02	%		6.61	%		9.83	%
Total net charge-off ratio		0.67	%		0.49	%		0.51	%		0.63	%		0.70	%

32

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	December 2013			September 2013			June 2013			March 2013			December 2012
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	1,677		$	1,735		$	1,783		$	1,854		$	1,925
Total net losses charged off		(148	)		(109	)		(112	)		(133	)		(147	)
Provision for loan and lease losses		53			51			64			62			76
Allowance for loan and lease losses, ending	$	1,582		$	1,677		$	1,735		$	1,783		$	1,854
Reserve for unfunded commitments, beginning	$	167		$	166		$	168		$	179		$	176
Provision (benefit) for unfunded commitments		(5	)		1			(2	)		(11	)		3
Reserve for unfunded commitments, ending	$	162		$	167		$	166		$	168		$	179
Components of allowance for credit losses:
Allowance for loan and lease losses	$	1,582		$	1,677		$	1,735		$	1,783		$	1,854
Reserve for unfunded commitments		162			167			166			168			179
Total allowance for credit losses	$	1,744		$	1,844		$	1,901		$	1,951		$	2,033
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	127		$	146		$	218		$	229		$	234
Commercial mortgage loans		90			106			169			184			215
Commercial construction loans		10			27			39			66			70
Commercial leases		3			1			1			1			1
Residential mortgage loans		83			83			96			110			114
Home equity		74			28			28			28			30
Automobile loans		—			—			—			—			—
Other consumer loans and leases		—			—			—			—			1
Total nonaccrual portfolio loans and leases		387			391			551			618			665
Restructured loans and leases—commercial (nonaccrual)		228			241			196			159			177
Restructured loans and leases—consumer (nonaccrual)		136			138			162			174			187
Total nonperforming portfolio loans and leases		751			770			909			951			1,029
Repossessed property		7			7			6			7			8
Other real estate owned(b)		222			237			235			252			249
Total nonperforming assets(a)		980			1,014			1,150			1,210			1,286
Nonaccrual loans held for sale		6			11			15			16			25
Restructured loans—commercial (nonaccrual) held for sale		—			—			—			3			4
Total nonperforming assets including loans held for sale	$	986		$	1,025		$	1,165		$	1,229		$	1,315
Restructured portfolio consumer loans and leases (accrual)	$	1,685		$	1,694		$	1,671		$	1,683		$	1,655
Restructured portfolio commercial loans and leases (accrual)	$	869		$	499		$	475		$	441		$	431
Ninety days past due loans and leases:
Commercial and industrial loans	$	—		$	3		$	—		$	1		$	1
Commercial mortgage loans		—			—			—			—			22
Commercial construction loans		—			—			—			—			1
Commercial leases		—			—			—			—			—
Total commercial loans and leases		—			3			—			1			24
Residential mortgage loans		66			73			71			74			75
Home equity		—			46			48			53			58
Automobile loans		8			8			6			7			8
Credit card		29			26			27			29			30
Other consumer loans and leases		—			—			—			—			—
Total consumer loans and leases		103			153			152			163			171
Total ninety days past due loans and leases	$	103		$	156		$	152		$	164		$	195
Ratios
Net losses charged off as a percent of average loans and leases		0.67	%		0.49	%		0.51	%		0.63	%		0.70	%
Allowance for loan and lease losses:
As a percent of portfolio loans and leases		1.79	%		1.92	%		1.99	%		2.08	%		2.16	%
As a percent of nonperforming loans and leases(a)		211	%		218	%		191	%		187	%		180	%
As a percent of nonperforming assets(a)		161	%		165	%		151	%		147	%		144	%
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets , including other real estate owned(a)		0.84	%		0.88	%		1.04	%		1.11	%		1.19	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned(a)		1.10	%		1.16	%		1.32	%		1.41	%		1.49	%
Nonperforming assets as a percent of total loans, leases and other assets, including other real estate owned		1.10	%		1.15	%		1.30	%		1.39	%		1.48	%

(a) Does not include nonaccrual loans held for sale

(b) Excludes OREO related to government insured loans

33

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ and shares in millions

(unaudited)

	For the Three Months Ended
	December 2013			September 2013			June 2013			March 2013			December 2012
Income before income taxes (U.S. GAAP)	$	561		$	604		$	841		$	591		$	540
Add: Provision expense (U.S. GAAP)		53			51			64			62			76
Pre-provision net revenue		614			655			905			653			616
Net income available to common shareholders (U.S. GAAP)		383			421			582			413			390
Add: Intangible amortization, net of tax		1			1			1			1			2
Tangible net income available to common shareholders		384			422			583			414			392
Tangible net income available to common shareholders (annualized) (a)		1,523			1,674			2,338			1,679			1,559
Average Bancorp shareholders’ equity (U.S. GAAP)		14,757			14,440			14,221			13,779			13,855
Less: Average preferred stock		(703	)		(593	)		(717	)		(398	)		(398	)
Average goodwill		(2,416	)		(2,416	)		(2,416	)		(2,416	)		(2,417	)
Average intangible assets		(20	)		(22	)		(24	)		(26	)		(28	)
Average tangible common equity (b)		11,618			11,409			11,064			10,939			11,012
Total Bancorp shareholders’ equity (U.S. GAAP)		14,589			14,641			14,239			13,882			13,716
Less: Preferred stock		(1,034	)		(593	)		(991	)		(398	)		(398	)
Goodwill		(2,416	)		(2,416	)		(2,416	)		(2,416	)		(2,416	)
Intangible assets		(19	)		(21	)		(23	)		(25	)		(27	)
Tangible common equity, including unrealized gains / losses (c)		11,120			11,611			10,809			11,043			10,875
Less: Accumulated other comprehensive income		(82	)		(218	)		(149	)		(333	)		(375	)
Tangible common equity, excluding unrealized gains / losses (d)		11,038			11,393			10,660			10,710			10,500
Add: Preferred stock		1,034			593			991			398			398
Tangible equity (e)		12,072			11,986			11,651			11,108			10,898
Total assets (U.S. GAAP)		130,443			125,673			123,360			121,382			121,894
Less: Goodwill		(2,416	)		(2,416	)		(2,416	)		(2,416	)		(2,416	)
Intangible assets		(19	)		(21	)		(23	)		(25	)		(27	)
Tangible assets, including unrealized gains / losses (f)		128,008			123,236			120,921			118,941			119,451
Less: Accumulated other comprehensive income / loss, before tax		(126	)		(335	)		(229	)		(512	)		(577	)
Tangible assets, excluding unrealized gains / losses (g)		127,882			122,901			120,692			118,429			118,874
Total Bancorp shareholders’ equity (U.S. GAAP)		14,589			14,641			14,239			13,882			13,716
Goodwill and certain other intangibles		(2,492	)		(2,492	)		(2,496	)		(2,504	)		(2,499	)
Unrealized gains		(82	)		(218	)		(149	)		(333	)		(375	)
Qualifying trust preferred securities		60			810			810			810			810
Other		19			21			22			23			33
Tier I capital		12,094			12,762			12,426			11,878			11,685
Less: Preferred stock		(1,034	)		(593	)		(991	)		(398	)		(398	)
Qualifying trust preferred securities		(60	)		(810	)		(810	)		(810	)		(810	)
Qualifying noncontrolling interests in consolidated subsidiaries		(37	)		(39	)		(38	)		(38	)		(48	)
Tier I common equity (h)		10,963			11,320			10,587			10,632			10,429
Common shares outstanding (i)		855			887			851			875			882
Risk-weighted assets, determined in accordance with prescribed regulatory requirements (j)		116,836			114,544			112,285			109,626			109,699
Ratios:
Return on average tangible common equity (a) / (b)		13.1	%		14.7	%		21.1	%		15.4	%		14.1	%
Tangible equity (e) / (g)		9.44	%		9.75	%		9.65	%		9.36	%		9.17	%
Tangible common equity (excluding unrealized gains/losses) (d) / (g)		8.63	%		9.27	%		8.83	%		9.03	%		8.83	%
Tangible common equity (including unrealized gains/losses) (c) / (f)		8.69	%		9.42	%		8.94	%		9.28	%		9.10	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (d) / (j)		9.45	%		9.95	%		9.49	%		9.77	%		9.57	%
Tangible book value per share (c) / (i)	$	13.00		$	13.09		$	12.69		$	12.62		$	12.33
Tier I common equity (h) / (j)		9.38	%		9.88	%		9.43	%		9.70	%		9.51	%
Basel III-Estimated Tier I common equity ratio
	December 2013			September 2013
Tier I common equity (Basel I)		10,963			11,320
Add: Adjustment related to capital components		82			88
Estimated Tier I common equity under final Basel III rules without AOCI (opt out)(k)		11,045			11,408
Add: Adjustment related to AOCI		82			218
Estimated Tier I common equity under final Basel III rules with AOCI (non opt out)(l)		11,127			11,626
Estimated risk-weighted assets under final Basel III rules (m)		122,602			120,447
Estimated Tier I common equity ratio under final Basel III rules (opt out) (k) / (m)		9.01	%		9.47	%
Estimated Tier I common equity ratio under final Basel III rules (non opt out) (l) / (m)		9.08	%		9.65	%

(k)(l) 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 I common equity. Other adjustments include mortgage servicing rights and deferred tax assets subject to threshold limitations and deferred tax liabilities related to intangible assets.

(m) 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 I capital; and (4) Derivatives are differentiated between exchange clearing and over-the-counter and the 50% risk-weight cap is removed.

34

Fifth Third Bancorp and Subsidiaries

Segment Presentation

$ in millions

(unaudited)

For the three months ended December 31, 2013	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income(a)	$	398		$	382		$	66		$	45		$	14		$	905
Provision for loan and lease losses		(71	)		(56	)		(21	)		—			95			(53	)
Net interest income after provision for loan and lease losses		327			326			45			45			109			852
Total noninterest income		191			217			133			100			62			703
Total noninterest expense		(301	)		(428	)		(130	)		(108	)		(22	)		(989	)
Net income before taxes		217			115			48			37			149			566
Applicable income taxes(a)		(43	)		(40	)		(16	)		(13	)		(52	)		(164	)
Net income		174			75			32			24			97			402
Net income attributable to noncontrolling interest		—			—			—			—			—			—
Net income attributable to Bancorp		174			75			32			24			97			402
Dividends on preferred stock		—			—			—			—			19			19
Net income available to common shareholders	$	174		$	75		$	32		$	24		$	78		$	383
For the three months ended September 30, 2013	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income(a)	$	379		$	374		$	76		$	38		$	31		$	898
Provision for loan and lease losses		(37	)		(52	)		(20	)		—			58			(51	)
Net interest income after provision for loan and lease losses		342			322			56			38			89			847
Total noninterest income		205			217			136			99			64			721
Total noninterest expense		(287	)		(430	)		(168	)		(107	)		33			(959	)
Net income before taxes		260			109			24			30			186			609
Applicable income taxes(a)		(54	)		(38	)		(9	)		(10	)		(77	)		(188	)
Net income		206			71			15			20			109			421
Net income attributable to noncontrolling interest		—			—			—			—			—			—
Net income attributable to Bancorp		206			71			15			20			109			421
Dividends on preferred stock		—			—			—			—			—			—
Net income available to common shareholders	$	206		$	71		$	15		$	20		$	109		$	421
For the three months ended June 30, 2013	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income(a)	$	366		$	358		$	85		$	35		$	41		$	885
Provision for loan and lease losses		(37	)		(51	)		(22	)		(1	)		47			(64	)
Net interest income after provision for loan and lease losses		329			307			63			34			88			821
Total noninterest income		198			216			250			99			297			1,060
Total noninterest expense		(279	)		(426	)		(208	)		(123	)		1			(1,035	)
Net income before taxes		248			97			105			10			386			846
Applicable income taxes(a)		(50	)		(35	)		(38	)		(3	)		(129	)		(255	)
Net income		198			62			67			7			257			591
Net income attributable to noncontrolling interest		—			—			—			—			—			—
Net income attributable to Bancorp		198			62			67			7			257			591
Dividends on preferred stock		—			—			—			—			9			9
Net income available to common shareholders	$	198		$	62		$	67		$	7		$	248		$	582
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

(a) Includes taxable equivalent adjustments of $5 million for the three months ended December 31, 2013, $5 million for the three months ended September 30, 2013, $5 million for the three months ended June 30, 2013, $5 million for the three months ended March 31, 2013, and $4 million for the three months ended December 31, 2012.

35

EX-99.2

©

Fifth Third Bank | All Rights Reserved

4Q13 Earnings Conference Call

January 23, 2014

Please refer to earnings release dated January 23, 2014 for further information.

Exhibit 99.2

2

©

Fifth Third Bank | All Rights Reserved

Cautionary statement

This

report

contains

statements

that

we

believe

are

“forward-looking

statements”

within

the

meaning

of

Section

27A

of

the

Securities

Act

of

1933,

as

amended,

and

Rule

175

promulgated

thereunder,

and

Section

21E

of

the

Securities

Exchange

Act

of

1934,

as

amended,

and

Rule

3b-6

promulgated

thereunder.

These

statements

relate

to

our

financial

condition,

results

of

operations,

plans,

objectives,

future

performance

or

business.

They

usually

can

be

identified

by

the

use

of

forward-looking

language

such

as

“will

likely

result,”

“may,”

“are

expected

to,”

“is

anticipated,”

“estimate,”

“forecast,”

“projected,”

“intends

to,”

or

may

include

other

similar

words

or

phrases

such

as

“believes,”

“plans,”

“trend,”

“objective,”

“continue,”

“remain,”

or

similar

expressions,

or

future

or

conditional

verbs

such

as

“will,”

“would,”

“should,”

“could,”

“might,”

“can,”

or

similar

verbs.

You

should

not

place

undue

reliance

on

these

statements,

as

they

are

subject

to

risks

and

uncertainties,

including

but

not

limited

to

the

risk

factors

set

forth

in

our

most

recent

Annual

Report

on

Form

10-K.

When

considering

these

forward-looking

statements,

you

should

keep

in

mind

these

risks

and

uncertainties,

as

well

as

any

cautionary

statements

we

may

make.

Moreover,

you

should

treat

these

statements

as

speaking

only

as

of

the

date

they

are

made

and

based

only

on

information

then

actually

known

to

us.

There

are

a

number

of

important

factors

that

could

cause

future

results

to

differ

materially

from

historical

performance

and

these

forward-

looking

statements.

Factors

that

might

cause

such

a

difference

include,

but

are

not

limited

to:

(1)

general

economic

conditions

and

weakening

in

the

economy,

specifically

the

real

estate

market,

either

nationally

or

in

the

states

in

which

Fifth

Third,

one

or

more

acquired

entities

and/or

the

combined

company

do

business,

are

less

favorable

than

expected;

(2)

deteriorating

credit

quality;

(3)

political

developments,

wars

or

other

hostilities

may

disrupt

or

increase

volatility

in

securities

markets

or

other

economic

conditions;

(4)

changes

in

the

interest

rate

environment

reduce

interest

margins;

(5)

prepayment

speeds,

loan

origination

and

sale

volumes,

charge-offs

and

loan

loss

provisions;

(6)

Fifth

Third’s

ability

to

maintain

required

capital

levels

and

adequate

sources

of

funding

and

liquidity;

(7)

maintaining

capital

requirements

may

limit

Fifth

Third’s

operations

and

potential

growth;

(8)

changes

and

trends

in

capital

markets;

(9)

problems

encountered

by

larger

or

similar

financial

institutions

may

adversely

affect

the

banking

industry

and/or

Fifth

Third;

(10)

competitive

pressures

among

depository

institutions

increase

significantly;

(11)

effects

of

critical

accounting

policies

and

judgments;

(12)

changes

in

accounting

policies

or

procedures

as

may

be

required

by

the

Financial

Accounting

Standards

Board

(FASB)

or

other

regulatory

agencies;

(13)

legislative

or

regulatory

changes

or

actions,

or

significant

litigation,

adversely

affect

Fifth

Third,

one

or

more

acquired

entities

and/or

the

combined

company

or

the

businesses

in

which

Fifth

Third,

one

or

more

acquired

entities

and/or

the

combined

company

are

engaged,

including

the

Dodd-Frank

Wall

Street

Reform

and

Consumer

Protection

Act;

(14)

ability

to

maintain

favorable

ratings

from

rating

agencies;

(15)

fluctuation

of

Fifth

Third’s

stock

price;

(16)

ability

to

attract

and

retain

key

personnel;

(17)

ability

to

receive

dividends

from

its

subsidiaries;

(18)

potentially

dilutive

effect

of

future

acquisitions

on

current

shareholders’

ownership

of

Fifth

Third;

(19)

effects

of

accounting

or

financial

results

of

one

or

more

acquired

entities;

(20)

difficulties

from

the

separation

of

or

the

results

of

operations

of

Vantiv,

LLC;

(21)

loss

of

income

from

any

sale

or

potential

sale

of

businesses

that

could

have

an

adverse

effect

on

Fifth

Third’s

earnings

and

future

growth;

(22)

ability

to

secure

confidential

information

and

deliver

products

and

services

through

the

use

of

computer

systems

and

telecommunications

networks;

and

(23)

the

impact

of

reputational

risk

created

by

these

developments

on

such

matters

as

business

generation

and

retention,

funding

and

liquidity.

You

should

refer

to

our

periodic

and

current

reports

filed

with

the

Securities

and

Exchange

Commission,

or

“SEC,”

for

further

information

on

other

factors,

which

could

cause

actual

results

to

be

significantly

different

from

those

expressed

or

implied

by

these

forward-looking

statements.

3

©

Fifth Third Bank | All Rights Reserved

2013: A record year

Return on avg. assets

Net charge-off ratio

Net income to common ($MM)

Generated highest level of net

income in Company’s history.

Improving profitability approaching

target for normalized environment.

Problem assets are at the lowest

levels in five years.

Tier 1 common ratio

1

Total payout ratio

ALLL / NPLs

Coverage levels more than adequate

to protect against potential losses.

Capital ratios strong and above

regulatory well-capitalized levels.

Net

payouts

to

shareholders

of

$1.3B

2

in

2013.

1

Non-GAAP measure; see Reg. G reconciliation in appendix; capital ratios estimated; presented under current U.S. capital regulations.

2

2013 is net of the issuance of shares valued at $398MM related to the Series G preferred stock conversion on July 1, 2013.

3

Repurchases of shares in the amount of after-tax gains on the sale of Vantiv shares.

4

©

Fifth Third Bank | All Rights Reserved

Net

income

available

to

common

shareholders

of

$383MM

($0.43

per

diluted

share),

vs.

$421MM

($0.47

per

share)

in

3Q13

and

$390MM

($0.43

per

share)

in

4Q12

Overall credit trends remain favorable

—

Net charge-offs of $148MM (0.67% of loans and leases)

–

Includes $43MM of charge-offs on a C&I loan restructured during the quarter and $6MM of home equity charge-offs

due to a change in policy (22 bps combined impact)

–

Excluding these items, net charge-offs declined $10MM or 4 bps from 3Q13

—

Total nonperforming assets (NPA) of $986MM including loans held-for-sale, down $39MM, or 4%, from 3Q13;

NPA ratio of 1.10% down 6 bps from 3Q13, nonperforming loans ratio of 0.84% down 4 bps from 3Q13

–

Includes $46MM of additions due to a change in policy on home equity nonaccruals (5 bps impact to NPA ratio)

Strong capital ratios

2

; sequentially reduced due to 4Q13 repurchases

—

Repurchased 32MM common shares in 4Q13; reduced average diluted share count by 12MM

—

Tier 1 common ratio 9.38%

3

vs. 9.88% in 3Q13; Basel III pro forma estimate of ~9.0%

3

—

Tier 1 risk-based capital ratio 10.35%, Total risk-based capital ratio 14.07%, Leverage ratio 9.64%

—

Tangible common equity ratio

3

of 8.63% excluding unrealized gains/losses; 8.69% including them

—

Book value per share of $15.85; tangible book value per share

1

of $13.00, up 5% from 4Q12

4Q13 in review

1

Assumes 35% marginal tax rate

2

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.

3

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

Significant items in 4Q13 results

$ in MM, except per share data

Net income impact

After tax EPS

impact

Pre-tax

After tax

1

Valuation adjustment on Vantiv warrant

$91

$59

Mortgage repurchase provision benefit

$28

$18

Vantiv tax receivable agreement

$9

$6

Contribution to Fifth Third Foundation

($8)

($5)

Severance expense

($8)

($5)

TruPS debt extinguishment

($8)

($5)

Valuation adjustment on Visa total return swap

($18)

($12)

Expense to increase litigation reserves

($69)

($45)

Total

$17

$11

~$0.01

5

©

Fifth Third Bank | All Rights Reserved

Financial summary

•

Strong returns, with sequential growth in NII and certain fee income categories as well as ongoing disciplined

expense management

•

4Q13 included $19MM, or $0.02 per diluted share, of dividends on

preferred stock

Actual

Seq.

YOY

($ in millions)

4Q12

3Q13

4Q13

$

%

$

%

Average Balances

Total loans & leases1

$83,943

$87,272

$87,895

$623

1%

$3,952

5%

Core deposits

$84,289

$86,921

$89,269

$2,348

3%

$4,980

6%

Income Statement Data

Net interest income (taxable equivalent) (NII)

$903

$898

$905

$7

1%

$2

-

Provision for loan and lease losses

76

51

53

2

5%

(23)

(30%)

Noninterest income

880

721

703

(18)

(2%)

(177)

(20%)

Noninterest expense

1,163

959

989

30

3%

(174)

(15%)

Net income attributable to Bancorp

$399

$421

$402

($19)

(4%)

3

1%

Net income available to common shareholders

$390

$421

$383

($38)

(9%)

($7)

(2%)

Financial Ratios

Earnings per share, diluted

0.43

0.47

0.43

($0.04)

(9%)

-

-

Net interest margin

3.49%

3.31%

3.21%

(10bps)

(3%)

(28bps)

(8%)

Efficiency ratio

65.2%

59.2%

61.5%

230bps

4%

(370bps)

(6%)

Return on average assets

1.33%

1.35%

1.24%

(11bps)

(8%)

(9bps)

(7%)

Return on average common equity

11.5%

12.1%

10.8%

(130bps)

(10%)

(70bps)

(6%)

Return on average tangible common equity2

14.1%

14.7%

13.1%

(160bps)

(11%)

(100bps)

(7%)

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.

1

Excludes loans held-for-sale

2

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

6

©

Fifth Third Bank | All Rights Reserved

Net interest income

NII and NIM (FTE)

•

Net interest income up $7MM from 3Q13 and $2MM from 4Q12

–

Sequential increase due to higher balances and yields in investment securities, higher portfolio loan balances,

and the benefit from high-priced CD maturities partially offset by the effects of loan repricing, lower held-for-

sale loan balances, and higher interest expense.

–

Year-over-year increase due to lower asset yields partially offset by higher average loan balances, lower long-

term debt expense, and run-off in higher-priced CDs.

•

NIM declined 10 bps sequentially largely due to higher cash balances driven by strong deposit growth as well as

the impact of the debt issuances during the quarter. Otherwise, the benefit from the maturity of high-priced CDs

and higher securities yields offset the impact of lower loan yields.

Yield Analysis

4Q12

3Q13

4Q13

Seq.

(bps)

YoY

(bps)

Commercial and industrial loans

4.01%

3.49%

3.46%

(3)

(55)

Commercial mortgage loans

3.69%

3.60%

3.53%

(7)

(16)

Commercial construction loans

3.01%

3.71%

3.46%

(25)

45

Commercial leases

3.42%

3.22%

3.10%

(12)

(32)

Residential mortgage loans

3.94%

3.87%

3.88%

1

(6)

Home equity

3.72%

3.74%

3.62%

(12)

(10)

Automobile loans

3.46%

3.02%

2.96%

(6)

(50)

Credit card

9.96%

9.93%

9.90%

(3)

(6)

Other consumer loans and leases

50.06%

42.84%

43.19%

35

(687)

Total loans and leases

4.13%

3.83%

3.79%

(4)

(34)

Taxable securities

3.23%

3.20%

3.32%

12

9

Tax exempt securities

2.91%

5.08%

5.65%

57

274

Other short-term investments

0.28%

0.26%

0.26%

-

(2)

Total interest-earning assets

3.94%

3.68%

3.57%

(11)

(37)

Total interest-bearing liabilities

0.65%

0.54%

0.52%

(2)

(13)

Net interest spread

3.29%

3.14%

3.05%

(9)

(24)

7

©

Fifth Third Bank | All Rights Reserved

Balance sheet

•

Average C&I loans up 2% sequentially and 13% from 4Q12

•

Period end CRE loans up 2% sequentially;

first quarter of sequential CRE growth since 2Q08

•

End of period commercial line utilization 29%;

potential source of future growth

•

Average consumer loans flat sequentially and

up 1% year-over-year

•

Lower production reduced average warehoused

residential mortgage loans held-for-sale to $934MM in

4Q13 versus $1.8B in 3Q13

•

Core deposit to loan ratio of 102%

–

DDAs flat sequentially and up 5% from 4Q12

–

Consumer average transaction deposits up 1%

sequentially and up 4% year-over-year

–

Commercial average transaction deposits up 6%

sequentially and up 10% year-over-year

•

Short-term wholesale borrowings represent <3% of total

funding

Note: Numbers may not sum due to rounding.

1

Excludes loans held-for-sale

Average loan growth ($B)

1

Average core deposit growth ($B)

8

©

Fifth Third Bank | All Rights Reserved

Noninterest income

Noninterest income

Note: Numbers may not sum due to rounding.

1

Net

credit-related

costs

recognized

in

other

noninterest

income

were

$5MM

in

4Q13,

reflecting

$6MM

of

losses

on

OREO,

$2MM

of

fair

value

charges

on

commercial

loans

HFS,

and

$2MM

of

mortgage

repurchase

benefits.

This

compares

with

net

credit-related

costs

of

$5MM

in

3Q13

and

$13MM

in

4Q12.

•

4Q13 fee income included sequential growth in mortgage banking net revenue, card and processing revenue,

service charges on deposits, and investment advisory revenue, partially offset by lower other noninterest income

and corporate banking revenue.

•

4Q13 other noninterest income included a $91MM positive valuation adjustment on the Vantiv warrant, $9MM in

payments received pursuant to Fifth Third’s tax receivable agreement with Vantiv, and an $18MM negative

valuation on the Visa total return swap.

–

3Q13 other noninterest income included $89MM of net gains on significant items, listed on page 10.

•

Growth in service charges on deposits due to deeper customer relationships across consumer and commercial

platforms

Actual

Seq.

YOY

4Q12

3Q13

4Q13

$

%

$

%

($ in millions)

Service charges on deposits

$134

$140

$142

$2

1%

$8

6%

Corporate banking revenue

114

102

94

(8)

(8%)

(20)

(18%)

Mortgage banking net revenue

258

121

126

5

4%

(132)

(51%)

Investment advisory revenue

93

97

98

1

2%

5

6%

Card and processing revenue

66

69

71

2

3%

5

8%

Other noninterest income

1

215

185

170

(15)

(7%)

(45)

(21%)

Securities gains, net

2

2

2

-

(36%)

-

(23%)

Securities gains (losses), net -

         (2)

5

-

(5)

(100%)

2

100%

   non-qualifying hedges on MSRs

Total noninterest income

$880

$721

$703

($18)

(2%)

($177)

(20%)

9

©

Fifth Third Bank | All Rights Reserved

Noninterest expense

Noninterest expense

•

4Q13 results included $69MM in charges to increase litigation reserves, $8MM of debt extinguishment costs related

to TruPS,

$8MM

contribution

to

the

Fifth

Third

Foundation,

and

$8MM

in

severance

expense.

Results

also

included

a

$26MM

benefit

to

the

mortgage

repurchase

provision.

•

3Q13 results included $30MM in charges to increase litigation reserves, $5MM in severance expense, $5MM in large

bank assessment fees, and a $4MM seasonal pension settlement charge. Results also included a $4MM benefit to the

mortgage repurchase provision.

•

Credit costs recorded in noninterest expense:

Note: Numbers may not sum due to rounding.

Actual

($ in millions)

4Q12

3Q13

4Q13

Mortgage repurchase expense

$44

($4)

($26)

Provision for unfunded commitments

3

1

(5)

Derivative valuation adjustments

(2)

-

(2)          

OREO expense

5

5

4

Other problem asset related expenses

19

14

17

Total credit-related operating expenses

$68

$16

($12)

Actual

Seq.

YOY

4Q12

3Q13

4Q13

$

%

$

%

($ in millions)

Salaries, wages and incentives

$416

$389

$388

($1)

-

($28)

(7%)

Employee benefits

96

83

78

(5)

(6%)

(18)

(19%)

Net occupancy expense

76

75

77

2

2%

          1

1%

Technology and communications

52

52

53

1

2%

1

2%

Equipment expense

27

29

29

           -

-

           2

8%

Card and processing expense

31

33

37

4

13%

           6

18%

Other noninterest expense

465

298

327

29

10%

      (138)

(30%)

Total noninterest expense

$1,163

$959

$989

$30

3%

($174)

(15%)

10

©

Fifth Third Bank | All Rights Reserved

Pre-tax pre-provision earnings

1

PPNR trend

1

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

2

Prior quarters include similar adjustments.

3

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.

Note:

4Q13

and

3Q13

also

included benefits to the mortgage repurchase provision of $28MM and $4MM, respectively. 2Q13 also included the impact of $47MM in mortgage repurchase

provision.

These

impacts

are

reflected

in

“Credit-related

items”

and

“Adjusted

Efficiency

Ratio”

listed

above.

•

PPNR of $614MM down 6% from 3Q13 levels and

flat to prior year

•

Adjusted PPNR of $623MM, up 3% sequentially and

down 3% from prior year

PPNR reconciliation

Efficiency ratio

($ in millions)

4Q12

1Q13

2Q13

3Q13

4Q13

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

$540

$591

$841

$604

$561

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

76

62

64

51

53

PPNR (a) + (b)

$616

$653

$905

$655

$614

2

In noninterest income:

Gain from sales of Vantiv shares

(157)

-

(242)

(85)

-

Vantiv warrant & puts

19

(34)

(76)

(6)

(91)

Other Vantiv-related income

-

-

-

-

(9)

Valuation of 2009 Visa total return swap

15

7

5

2

18

Sale of certain Fifth Third funds

-

(7)

-

-

-

BOLI settlement

-

-

(10)

-

-

Securities (gains) / losses

(2)

(17)

-

(2)

(2)

In noninterest expense:

Debt extinguishment (gains) / losses

134

-

-

-

8

Severance expense

3

3

1

5

8

Large bank assessment fees

-

-

-

5

-

Gain on sale of affordable housing investments

-

(9)

(2)

(1)

-

Donation to Fifth Third Foundation

-

3

-

-

8

Additions to litigation reserves

13

9

51

30

69

Adjusted PPNR

$641

$608

$632

$603

$623

Credit-related items

:

In noninterest income

13

10

6

5

5

In noninterest expense

68

24

35

16

(12)

Credit-adjusted PPNR

3

$722

$642

$673

$624

$616

:

Adjustments to remove (benefit) / detriment

11

©

Fifth Third Bank | All Rights Reserved

Improving Credit Quality

Net charge-offs ($MM)

4Q13 incl. a $43MM charge-off on a C&I loan restructured during the

quarter and $6MM of home equity charge-offs due to an accounting

policy change.

HFI Nonperforming assets ($MM)

NPAs down 24% from 4Q12;

lowest level since 2007

Reserve Coverage

Accruing Past Due ($MM)

Includes 4Q13 provision expense of $53MM;

Total delinquencies declined 28% from 4Q12;

remain at very low levels

reserve coverage levels remain among best-in-class

12

©

Fifth Third Bank | All Rights Reserved

NPL Rollforward

1

Increase in NPL inflow due to $43 million in inflows related to a portion of a large credit restructured in 4Q13. This portion was charged off in 4Q13, therefore resulting in no net impact to ending

NPL balances.

2

Increase in NPL inflow primarily due to $46 million inflow resulting from change in home equity nonaccrual policy.

Note: Numbers may not sum due to rounding.

NPL HFI Rollforward

Commercial

4Q12

1Q13

2Q13

3Q13

4Q13

806

697

639

623

521

Transfers to nonperforming

68

80

151

71

107

Transfers to performing

(4)

(1)

(6)

(1)

(1)

Transfers to performing (restructured)

(5)

(4)

(7)

(2)

(2)

Transfers to held-for-sale

0

(1)

(2)

-

-

Loans sold from portfolio

(6)

(3)

(2)

(14)

(19)

Loan paydowns/payoffs

(89)

(53)

(80)

(101)

(61)

Transfers to other real estate owned

(22)

(27)

(28)

(14)

(12)

Charge-offs

(55)

(54)

(45)

(44)

(78)

Draws/other extensions of credit

4

5

3

3

3

697

639

623

521

458

Consumer

4Q12

1Q13

2Q13

3Q13

4Q13

347

332

314

286

248

Transfers to nonperforming

146

124

116

95

165

Transfers to performing

(28)

(26)

(31)

(30)

(25)

Transfers to performing (restructured)

(34)

(29)

(28)

(24)

(22)

Transfers to held-for-sale

-

-

-

-

-

Loans sold from portfolio

-

-

-

-

-

Loan paydowns/payoffs

(36)

(27)

(33)

(39)

(24)

Transfers to OREO/other repossessed property

(18)

(17)

(21)

(28)

(20)

Charge-offs

(47)

(46)

(30)

(13)

(30)

Draws/other extensions of credit

1

1

(1)

1

1

332

312

286

248

293

Total NPL

1,029

951

909

769

751

Total new nonaccrual loans -

HFI

214

204

267

166

272

Beginning NPL amount

Ending Commercial NPL

Beginning NPL amount

Ending Consumer NPL

1

1

2

13

©

Fifth Third Bank | All Rights Reserved

Mortgage repurchase overview

4Q13 balances of outstanding claims decreased 6% from 3Q13

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 89% of outstanding balances of the serviced for

others portfolio relates to origination activity in 2009 and later

Private claims and exposure relate to whole loan sales (no

outstanding first mortgage securitizations)

—

Preponderance of private sales prior to 2006

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

of $449MM from sold portfolio

$60MM decrease in repurchase reserves resulting from

previously announced settlement with Freddie Mac as well as

the corresponding expectations for future repurchase requests

and file claims.

Repurchase Reserves

1

($ in millions)

Outstanding Counterparty Claims ($ in millions)

4Q12

1Q13

2Q13

3Q13

4Q13

Beginning balance

$99

$131

$133

$139

$121

Net reserve additions   

47

22

20

(4)

(27)

Repurchase losses

(15)

(20)

(14)

(13)

(33)

Ending balance

$131

$133

$139

$121

$61

1

Includes representation and warranty reserve ($44MM) and reserve for loans sold with recourse ($16MM)

Note: Numbers may not sum due to rounding.

Outstanding Balance of Sold Loans ($ in millions)

Fannie

Freddie

GNMA

Private

Total

2003 and Prior

$366

$1,590

$115

$122

$2,193

2004

151

586

22

92

851

2005

137

691

29

93

950

2006

182

537

25

150

895

8%

2007

269

888

33

126

1,316

2008

329

654

245

1,228

2009

858

4,174

2,179

1

7,211

2010

2,084

4,753

2,113

8,950

2011

2,744

5,101

1,721

9,566

2012

5,042

9,630

4,173

33

18,879

2013

3,932

7,376

5,553

259

17,120

Grand Total

16,095

35,979

16,208

877

69,159

1.3%

14

©

Fifth Third Bank | All Rights Reserved

Strong capital position

1

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

2

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.

Significant payouts to shareholders

$710MM common

stock repurchases

(net of $398MM

shares issued

related to Series G

conversion)

$407MM common

dividends declared

$212MM common

stock repurchases

utilizing AT Vantiv

gains

•

Continue to execute on capital plans in 4Q13

–

Issued $450MM of preferred stock, Series I

–

Redeemed $750MM of Fifth Third Capital Trust

IV TruPS

Tier 1 common equity

1

Common Shares Outstanding (MM)

and Tangible Book Value per share

15

©

Fifth Third Bank | All Rights Reserved

Balance Sheet:

Average loans & leases (excl. HFS)

Average transaction deposits

Income Statement:

Net interest income

2

Net interest margin

2

Noninterest income

1

Noninterest expense

Pre-provision net revenue

1,2

ROA

1

Effective tax rate

1

Asset Quality:

Net charge-offs

Loan loss allowance

4

Nonperforming assets

4

Tier 1 common equity

3,6

Category

Fifth Third: Outlook

2014 Outlook

1

$87.0B

$82.9B

1

2013 results exclude a net $534MM benefit from gains on Vantiv share issuance and Vantiv warrants. 2014 outlook does not include potential but currently unforecasted items, such as any

potential additional Vantiv gains or losses, future capital actions, or changes in regulatory or accounting guidance.

2

Presented on a fully-taxable equivalent basis.

3

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

4

Ratio as a percent of loans excluding held-for-sale; allowance expectation assumes current expectation for credit and economic trends and is subject to review in each period.

5

As a percentage of loans and leases

6

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

Repurchases subject to ongoing evaluation under the Federal Reserve’s CCAR process.

2013-Adjusted

1

Outlook as of January 23, 2014;

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

Mid single digit growth

Mid single digit growth

Down ~$100MM (~0.40-0.45%

5

)

Lower vs. 4Q13

Down ~20%

vs. 4Q13

$3.58B

3.32% (3.21% 4Q13)

$2.70B

$3.95B

$2.31B

~1.2%

~28.4%

9.38%

$501MM (0.58%

5

)

$1.6B (1.79%)

$980MM (1.10%)

Consistent with 4Q13

16

©

Fifth Third Bank | All Rights Reserved

Appendix

17

©

Fifth Third Bank | All Rights Reserved

Mortgage banking results

•

4Q13 mortgage components:

–

MSR valuation adjustments of positive $26 million partially offset by lower gains on sale

–

Gain on sale margins improved

•

Expect stronger mortgage servicing results as rates rise

•

Emphasis on purchase business continues to shift volumes

–

51% purchase volume in 4Q13 vs. 43% 3Q13

Mortgage originations ($B) and gain-on-sale margin1

Mortgage Banking Net Revenue ($MM)

Note: Numbers may not sum due to rounding.

1

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

18

©

Fifth Third Bank | All Rights Reserved

Total

Funded

Total

Funded

Total

Funded

Total

Funded

(amounts in $MMs)

exposure

exposure

exposure

exposure

exposure

exposure

exposure

exposure

Peripheral Europe

-

-

10

-

202

103

212

103

Other Eurozone

-

-

56

14

2,031

1,161

2,087

1,175

  Total Eurozone

-

-

66

14

2,233

1,264

2,299

1,278

Other Europe

-

-

83

23

889

500

972

523

  Total Europe

-

-

149

37

3,122

1,764

3,271

1,801

Sovereigns

Financial Institutions

Non-Financial Entities

Total

European Exposure

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

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

Eurozone includes countries participating in the European common

currency (Euro)

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

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

•

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

foreign parent or overseas activities of U.S. customers

•

No European sovereign exposure (total international sovereign exposure $7MM)

•

Total exposure to European financial institutions <$150MM

•

Total exposure to five peripheral Europe countries ~$200MM

•

~$1.3B in funded exposure to Eurozone-related companies (~1% of total loan portfolio)

19

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Available and contingent borrowing capacity

(4Q13):

–

FHLB ~$12B available, ~$13B total

–

Federal Reserve ~$28B

Holding Company cash at 12/31/13: $2.1B

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

Holding company unsecured debt maturities ($MM)

Bank unsecured debt maturities ($MM –

excl. Brokered CDs)

Heavily core funded

Strong liquidity profile

Demand

25%

Interest

checking

20%

Savings/

MMDA

22%

Consumer

time

3%

Foreign

Office

2%

Non-Core

Deposits

5%

S-T

borrowings

1%

Other

liabilities

4%

Equity

11%

L-T debt

7%

S-T

wholesale

6%

$1,250

$500

$500

$2,312

2014

2015

2016

2017

2018

2019

2020 on

Fifth Third Bancorp

Fifth Third Capital Trust (Bancorp)

20

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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 $136MM were nonaccruals

—

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

books 6 or more months; within that, ~$1.1B 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

Source:  Fifth Third and OCC/OTS data through 2Q13

$1.3B current consumer TDRs (%)

1

Fifth

Third

data

includes

changes

made

to

align

with

OCC/OTS

methodology

(i.e.

excludes

government

loans,

closed

loans

and

OREO

from

calculations)

TDR performance has improved in newer vintages

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

1

21

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Fifth Third Bank | All Rights Reserved

Commercial & industrial

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & industrial loans represented 44% of total loans and

45% of net charge-offs

–

4Q13 NCOs included a $43 million charge-off on a single

restructured credit

* Excludes loans held-for-sale.

($ in millions)

4Q12

1Q13

2Q13

3Q13

4Q13

EOP Balance*

$36,038

$36,757

$37,856

$38,253

$39,316

Avg Loans*

$34,301

$36,395

$37,630

$38,133

$38,835

90+ days delinquent

$1

$1

-

$3

-

as % of loans

NM

NM

NM

0.01%

NM

NPAs*

$352

$332

$361

$321

$290

as % of loans

0.98%

0.90%

0.95%

0.84%

0.74%

Net charge-offs

$36

$25

$33

$44

$66

as % of loans

0.42%

0.28%

0.35%

0.46%

0.67%

C&I

22

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Commercial mortgage

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial mortgage loans represented 9% of total loans and

5% of net charge-offs

•

Owner occupied 4Q13 NCO ratio of 0.4%, non-owner occupied

4Q13 NCO ratio of 0.3%

•

Loans from FL/MI represented 36% of portfolio loans, 93% of

portfolio losses in 4Q13

* Excludes loans held-for-sale.

($ in millions)

4Q12

1Q13

2Q13

3Q13

4Q13

EOP Balance*

$9,103

$8,766

$8,443

$8,052

$8,066

Avg Loans*

$9,193

$8,965

$8,618

$8,273

$8,047

90+ days delinquent

$22

-

-

-

-

as % of loans

0.24%

NM

NM

NM

NM

NPAs*

$434

$409

$355

$296

$252

as % of loans

4.69%

4.59%

4.15%

3.62%

3.09%

Net charge-offs

$17

$26

$10

$2

$8

as % of loans

0.70%

1.18%

0.50%

0.14%

0.40%

Commercial mortgage

23

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Commercial construction

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial construction loans represented 1% of total loans

and 3% of net charge-offs

•

Loans from FL/MI represented 17% of portfolio loans

* Excludes loans held-for-sale.

($ in millions)

4Q12

1Q13

2Q13

3Q13

4Q13

EOP Balance*

$698

$694

$754

$875

$1,039

Avg Loans*

$686

$695

$713

$793

$952

90+ days delinquent

$1

-

-

-

-

as % of loans

0.14%

NM

NM

NM

NM

NPAs*

$88

$78

$69

$62

$59

as % of loans

12.37%

11.12%

8.88%

6.86%

5.53%

Net charge-offs

$4

$3

-

($2)

$4

as % of loans

1.91%

1.44%

(0.04%)

(1.16%)

1.65%

Commercial construction

24

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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 $194MM, down 94% from peak of

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

loans

•

$47MM of NPAs (71% commercial mortgage, 16% commercial

construction, 13% C&I)

* Excludes loans held-for-sale.

($ in millions)

4Q12

1Q13

2Q13

3Q13

4Q13

EOP Balance*

$318

$309

$285

$226

$194

90+ days delinquent

-

-

-

-

-

as % of loans

NM

NM

NM

NM

NM

NPAs*

$88

$79

$63

$53

$47

as % of loans

24.19%

22.44%

22.00%

20.85%

20.72%

Net charge-offs

-

$1

($1)

($1)

$4

as % of loans

0.28%

1.57%

(0.84%)

(0.96%)

7.40%

Homebuilders/developers

25

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Residential mortgage

1

st

liens: 100%; weighted average LTV: 72.7%

Weighted average origination FICO: 753

Origination FICO distribution:  <660 6%; 660-689 5%; 690-719 9%;

720-749 14%; 750+ 57%; Other^ 9%

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

Origination LTV distribution: <=70 39%; 70.1-80 36%; 80.1-90 7%;

90.1-95 4%; >95 14%

Vintage distribution: 2013: 22%; 2012 24%; 2011 15%; 2010 8%;

2009 4%; 2008 4%; 2007 4%; 2006 4%; 2005 7%; 2004 and prior

8%

15% originated through 3rd

party; 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 8%

of

net charge-offs

•

FL portfolio 13% of residential mortgage loans and 16% of portfolio

losses; MI portfolio 15% of residential mortgage loans and 18% of

portfolio losses

($ in millions)

4Q12

1Q13

2Q13

3Q13

4Q13

EOP Balance*

$12,017

$12,091

$12,400

$12,534

$12,680

Avg Loans*

$11,846

$12,096

$12,260

$12,486

$12,609

90+ days delinquent

$75

$74

$71

$73

$66

as % of loans

0.62%

0.61%

0.57%

0.58%

0.52%

NPAs*

$290

$275

$255

$229

$222

as % of loans

2.41%

2.27%

2.06%

1.83%

1.75%

Net charge-offs

$23

$20

$15

$12

$13

as % of loans

0.77%

0.69%

0.48%

0.39%

0.39%

Residential mortgage

26

©

Fifth Third Bank | All Rights Reserved

Home equity loans represented 10% of total loans and 17% of net

charge-offs

–

4Q13 included $6 million of additional charge-offs and $46 million

of additional NPAs due to a change in policy on home equity

nonaccruals

Approximately 13% of portfolio in broker product generated 31% total

loss

Approximately one third of Fifth Third 2

nd

liens are behind Fifth Third

1

st

liens

2005/2006 vintages represent approximately 25% of portfolio; account

for 45% of losses

Home equity

1

st

liens: 34%; 2nd liens: 66% 

Weighted average origination FICO: 751

Origination FICO distribution^: <660 3%; 660-689 7%; 690-719 12%;

720-749 16%; 750+ 53%; Other 9%

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: 7%; 2012 5%; 2011 3%; 2010 3%; 2009

3%; 2008 9%; 2007 10%; 2006 13%; 2005 12%; 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)

4Q12

1Q13

2Q13

3Q13

4Q13

EOP Balance*

$1,366

$1,321

$1,275

$1,231

$1,190

90+ days delinquent

$14

$13

$11

$11

-

as % of loans

1.05%

1.02%

0.89%

0.88%

NM

Net charge-offs

$12

$10

$7

$6

$8

as % of loans

3.48%

3.08%

2.30%

1.91%

2.75%

Home equity - brokered

($ in millions)

4Q12

1Q13

2Q13

3Q13

4Q13

EOP Balance*

$8,652

$8,406

$8,256

$8,125

$8,056

90+ days delinquent

$44

$40

$37

$35

-

as % of loans

0.50%

0.47%

0.44%

0.43%

NM

Net charge-offs

$22

$20

$16

$13

$18

as % of loans

1.01%

0.93%

0.76%

0.64%

0.87%

Home equity - direct

27

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Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

December

September

June

March

December

2013

2013

2013

2013

2012

Income before income taxes (U.S. GAAP)

$561

$604

$841

$591

$540

Add:

Provision expense (U.S. GAAP)

53

51

64

62

76

Pre-provision net revenue (a)

614

655

905

653

616

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

383

421

582

413

390

Add:

Intangible amortization, net of tax

1

1

1

1

2

Tangible net income available to common shareholders

384

422

583

414

392

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

1,523

1,674

2,338

1,679

1,559

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

14,757

14,440

14,221

13,779

13,855

Less:

Average preferred stock

(703)

(593)

(717)

(398)

(398)

Average goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,417)

Average intangible assets

(20)

(22)

(24)

(26)

(28)

Average tangible common equity (c)

11,618

11,409

11,064

10,939

11,012

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

14,589

14,641

14,239

13,882

13,716

Less: 

Preferred stock

(1,034)

(593)

(991)

(398)

(398)

Goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,416)

Intangible assets

(19)

(21)

(23)

(25)

(27)

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

11,120

11,611

10,809

11,043

10,875

Less: Accumulated other comprehensive income

(82)

(218)

(149)

(333)

(375)

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

11,038

11,393

10,660

10,710

10,500

Total assets (U.S. GAAP)

130,443

125,673

123,360

121,382

121,894

Less: 

Goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,416)

Intangible assets

(19)

(21)

(23)

(25)

(27)

Tangible assets, including unrealized gains / losses (f)

128,008

123,236

120,921

118,941

119,451

Less: Accumulated other comprehensive income / loss, before tax

(126)

(335)

(229)

(512)

(577)

Tangible assets, excluding unrealized gains / losses (g)

127,882

122,901

120,692

118,429

118,874

Common shares outstanding (h)

855

887

851

875

882

Ratios:

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

13.1%

14.7%

21.1%

15.4%

14.1%

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

8.63%

9.27%

8.83%

9.03%

8.83%

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

8.69%

9.42%

8.94%

9.28%

9.10%

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

13.00

13.09

12.69

12.62

12.33

For the Three Months Ended

28

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Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

December

September

June

March

December

2013

2013

2013

2013

2012

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

$14,589

$14,641

$14,239

$13,882

$13,716

Goodwill and certain other intangibles

(2,492)

(2,492)

(2,496)

(2,504)

(2,499)

Unrealized gains

(82)

(218)

(149)

(333)

(375)

Qualifying trust preferred securities

60

810

810

810

810

Other

19

21

22

23

33

Tier I capital

12,094

12,762

12,426

11,878

11,685

Less:

Preferred stock

(1,034)

(593)

(991)

(398)

(398)

Qualifying trust preferred securities

(60)

(810)

(810)

(810)

(810)

Qualifying noncontrolling interest in consolidated subsidiaries

(37)

(39)

(38)

(38)

(48)

Tier I common equity (a)

10,963

11,320

10,587

10,632

10,429

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (b)

116,836

114,544

112,285

109,626

109,699

Ratio:

Tier I common equity (a) / (b)

9.38%

9.88%

9.43%

9.70%

9.51%

Basel III - Estimated Tier 1 common equity ratio

December

September

2013

2013

Tier 1 common equity (Basel I)

$10,963

$11,320

Add:

Adjustment related to capital components

$82

$88

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

$11,045

$11,408

Add:

Adjustment related to AOCI

$82

$218

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

$11,127

$11,626

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

122,602

120,447

Estimated Tier 1 common equity ratio under final Basel III rules (opt out) (c) / (e)

9.01%

9.47%

Estimated Tier 1 common equity ratio under final Basel III rules (non opt out) (d) / (e)

9.08%

9.65%

(c), (d)

(e)

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.

For the Three Months Ended

29

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Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

2013

2012

2011

2010

2009

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

$14,589

$13,716

$13,201

$14,051

$13,497

Goodwill and certain other intangibles

(2,492)

(2,499)

(2,514)

(2,546)

(2,565)

Unrealized gains

(82)

(375)

(470)

(314)

(241)

Qualifying trust preferred securities

60

810

2,248

2,763

2,763

Other

19

33

38

11

(26)

Tier I capital

12,094

11,685

12,503

13,965

13,428

Less:

Preferred stock

(1,034)

(398)

(398)

(3,654)

(3,609)

Qualifying trust preferred securities

(60)

(810)

(2,248)

(2,763)

(2,763)

Qualifying noncontrolling interest in consolidated subsidiaries

(37)

(48)

(50)

(30)

-

Tier I common equity (a)

10,963

10,429

9,807

7,518

7,056

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (b)

116,836

109,699

104,945

100,561

100,933

Ratio:

Tier I common equity (a) / (b)

9.38%

9.51%

9.35%

7.48%

6.99%

For the Year Ended

EX-99.3

Exhibit 99.3

January 2014

QUARTERLY FINANCIAL SUPPLEMENT

Investment Community Member:

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

Numbers are unaudited for quarterly information.

If you need further information, please fax or e-mail your request to Fifth Third’s Investor Relations Department at (513) 534-0629 or IR@53.com

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

Quarterly Data

	Three Months Ended
	December 2013		September 2013		June 2013		March 2013		December 2012		September 2012		June 2012		March 2012
Ratios (percent)
Return on average assets		1.24		1.35		1.94		1.41		1.33		1.23		1.32		1.49
Return on average common equity		10.8		12.1		17.3		12.5		11.5		10.4		11.4		13.1
Average Bancorp shareholders’ equity as a percent of average assets		11.51		11.71		11.64		11.38		11.65		11.82		11.58		11.49
Net interest margin(a)		3.21		3.31		3.33		3.42		3.49		3.56		3.56		3.61
Efficiency(a)		61.5		59.2		53.2		59.8		65.2		63.7		59.4		58.3
Net losses charged off as a percent of average loans and leases		0.67		0.49		0.51		0.63		0.70		0.75		0.88		1.08
ALLL as a percent of portfolio loans and leases		1.79		1.92		1.99		2.08		2.16		2.32		2.45		2.59
Allowance for credit losses as a percent of portfolio loans and leases		1.97		2.11		2.18		2.28		2.37		2.53		2.66		2.81
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(b)		1.10		1.16		1.32		1.41		1.49		1.73		1.96		2.03
Allowance for loan and lease losses as a percent of nonperforming assets(b)		161		165		151		147		144		133		125		127
Allowance for credit losses as a percent of nonperforming assets(b)		178		182		165		161		158		145		136		138
Common Share Data
Earnings per share	$	0.44	$	0.47	$	0.67	$	0.47	$	0.44	$	0.39	$	0.41	$	0.46
Earnings per diluted share	$	0.43	$	0.47	$	0.65	$	0.46	$	0.43	$	0.38	$	0.40	$	0.45
Cash dividends per common share		0.12		0.12		0.12		0.11		0.10		0.10		0.08		0.08
Book value per share		15.85		15.84		15.56		15.42		15.10		14.84		14.56		14.30
Common shares outstanding, excluding treasury		855,305,745		887,029,539		851,473,955		874,644,725		882,152,057		897,467,317		918,913,253		920,056,340
Market price per share:
High	$	21.04	$	19.69	$	18.60	$	16.61	$	16.16	$	15.95	$	14.67	$	14.73
Low		17.50		18.04		15.80		15.35		13.75		13.07		12.04		12.78
End of period		21.03		18.05		18.05		16.31		15.20		15.51		13.40		14.04
Supplemental Data
Common dividends declared ($ in millions)	$	103	$	106	$	102	$	96	$	88	$	89	$	74	$	74
Full-time equivalent employees		19,446		20,256		20,569		20,744		20,798		20,789		20,888		21,206
Banking centers		1,320		1,326		1,326		1,320		1,325		1,320		1,322		1,315
ATMs		2,586		2,374		2,433		2,426		2,415		2,404		2,409		2,404

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

(b) Excludes nonperforming assets held for sale.

Page 2

Quarterly Data

	Three Months Ended
	December			September			June			March			December			September			June			March
	2013			2013			2013			2013			2012			2012			2012			2012
Income Statement ($ in millions)
Interest income (FTE)	$	1,007		$	997		$	989		$	1,000		$	1,020		$	1,027		$	1,031		$	1,045
Interest expense		102			99			104			107			117			120			132			142
Net interest income (FTE)		905			898			885			893			903			907			899			903
Provision for loan and lease losses		53			51			64			62			76			65			71			91
Noninterest income:
Service charges on deposits		142			140			136			131			134			128			130			129
Investment advisory revenue		98			97			98			100			93			92			93			96
Corporate banking revenue		94			102			106			99			114			101			102			97
Mortgage banking net revenue		126			121			233			220			258			200			183			204
Card and processing revenue		71			69			67			65			66			65			64			59
Other noninterest income		170			185			414			109			215			78			103			175
Securities gains, net		2			2			—			17			2			2			3			9
Securities gains, net—non-qualifying hedges on mortgage servicing rights		—			5			6			2			(2	)		5			—			—
Total noninterest income		703			721			1,060			743			880			671			678			769
Noninterest expense:
Salaries, wages and incentives		388			389			404			399			416			399			393			399
Employee benefits		78			83			83			114			96			79			84			112
Net occupancy expense		77			75			76			79			76			76			74			77
Technology and communications		53			52			50			49			52			49			48			47
Equipment expense		29			29			28			28			27			28			27			27
Card and processing expense		37			33			33			31			31			30			30			30
Other noninterest expense		327			298			361			278			465			345			281			281
Total noninterest expense		989			959			1,035			978			1,163			1,006			937			973
Income before income taxes (FTE)		566			609			846			596			544			507			569			608
Taxable equivalent adjustment		5			5			5			5			4			4			4			5
Income before income taxes		561			604			841			591			540			503			565			603
Applicable income tax		159			183			250			179			144			139			180			173
Net income	$	402		$	421		$	591		$	412		$	396		$	364		$	385		$	430
Less: Net income attributable to noncontrolling interests		—			—			—			(10	)		(3	)		1			—			—
Net income attributable to Bancorp	$	402		$	421		$	591		$	422		$	399		$	363		$	385		$	430
Dividends on preferred stock		19			—			9			9			9			9			9			9
Net income available to common shareholders	$	383		$	421		$	582		$	413		$	390		$	354		$	376		$	421
Regulatory Capital Data ($ in millions)(a)
Tier I capital	$	12,094		$	12,762		$	12,426		$	11,878		$	11,685		$	11,594		$	13,093		$	12,860
Tier II capital		4,348			3,674			3,675			3,853			4,131			4,183			4,188			4,076
Total risk-based capital	$	16,442		$	16,436		$	16,101		$	15,731		$	15,816		$	15,777		$	17,281		$	16,936
Risk-weighted assets	$	116,836		$	114,544		$	112,285		$	109,626		$	109,699		$	106,858		$	106,398		$	105,412
Tier I risk-based capital ratio		10.35	%		11.14	%		11.07	%		10.83	%		10.65	%		10.85	%		12.31	%		12.20	%
Total risk-based capital ratio		14.07	%		14.35	%		14.34	%		14.35	%		14.42	%		14.76	%		16.24	%		16.07	%
Tier I leverage ratio		9.64	%		10.58	%		10.40	%		10.03	%		10.05	%		10.09	%		11.39	%		11.31	%
Tier I common equity ratio		9.38	%		9.88	%		9.43	%		9.70	%		9.51	%		9.67	%		9.77	%		9.64	%

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

Page 3

Quarterly Data

	As of
	December			September			June			March			December			September			June			March
	2013			2013			2013			2013			2012			2012			2012			2012
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	3,178		$	2,887		$	2,390		$	2,186		$	2,441		$	2,490		$	2,393		$	2,235
Available-for-sale and other securities		18,597			18,080			16,187			15,263			15,207			15,402			15,552			16,093
Held-to-maturity securities		208			265			274			283			284			287			305			321
Trading securities		343			246			219			218			207			205			200			195
Other short-term investments		5,116			2,622			1,109			2,286			2,421			1,286			1,964			1,628
Total cash and securities		27,442			24,100			20,179			20,236			20,560			19,670			20,414			20,472
Loans held for sale		944			1,330			2,148			2,691			2,939			1,802			1,863			1,584
Portfolio loans and leases		88,614			87,231			87,032			85,676			85,782			83,059			82,359			82,113
Total loans and leases		89,558			88,561			89,180			88,367			88,721			84,861			84,222			83,697
Allowance for loan and lease losses		(1,582	)		(1,677	)		(1,735	)		(1,783	)		(1,854	)		(1,925	)		(2,016	)		(2,126	)
Bank premises and equipment		2,531			2,528			2,540			2,540			2,542			2,520			2,506			2,485
Operating lease equipment		730			707			645			598			581			542			511			495
Goodwill		2,416			2,416			2,416			2,416			2,416			2,417			2,417			2,417
Intangible assets		19			21			23			25			27			30			33			36
Servicing rights		971			919			899			772			697			679			736			767
Other real estate owned		299			312			301			316			320			356			338			383
Other assets		8,059			7,786			8,912			7,895			7,884			8,333			8,382			8,121
Total assets	$	130,443		$	125,673		$	123,360		$	121,382		$	121,894		$	117,483		$	117,543		$	116,747
Liabilities
Deposits:
Demand	$	32,634		$	30,153		$	30,097		$	30,027		$	30,023		$	27,606		$	26,251		$	26,385
Interest checking		25,875			23,527			22,878			23,175			24,477			22,891			23,197			23,971
Savings		17,045			17,583			18,448			19,339			19,879			20,624			22,011			22,245
Money market		11,644			10,433			9,247			8,613			6,875			5,285			4,223			4,275
Foreign office		1,976			1,409			1,570			1,089			885			1,059			1,265			1,251
Other time		3,530			3,524			3,793			3,909			4,015			4,167			4,261			4,446
Certificates—$100,000 and over		6,571			7,497			7,374			5,472			3,284			2,978			3,065			3,162
Other foreign office		—			—			47			—			79			78			—			56
Total deposits		99,275			94,126			93,454			91,624			89,517			84,688			84,273			85,791
Federal funds purchased		284			225			636			386			901			686			641			319
Other short-term borrowings		1,380			3,487			2,112			2,439			6,280			5,503			4,613			2,877
Other liabilities		5,245			5,057			5,941			4,693			4,347			4,710			4,507			4,502
Long-term debt		9,633			8,098			6,940			8,320			7,085			8,127			9,685			9,648
Total liabilities		115,817			110,993			109,083			107,462			108,130			103,714			103,719			103,137
Equity
Common and preferred equity		15,802			15,085			15,292			14,315			13,975			13,648			13,402			13,154
Net unrealized gains (losses):
Available-for-sale securities		121			268			203			381			412			494			476			487
Qualifying cash flow hedges		13			31			29			37			50			62			69			73
Accumulated other comprehensive income related to employee benefit plans		(52	)		(81	)		(83	)		(85	)		(87	)		(88	)		(91	)		(92	)
Treasury stock, at cost		(1,295	)		(662	)		(1,202	)		(766	)		(634	)		(398	)		(83	)		(62	)
Total Bancorp shareholders’ equity		14,589			14,641			14,239			13,882			13,716			13,718			13,773			13,560
Noncontrolling interests		37			39			38			38			48			51			51			50
Total equity		14,626			14,680			14,277			13,920			13,764			13,769			13,824			13,610
Total liabilities and equity	$	130,443		$	125,673		$	123,360		$	121,382		$	121,894		$	117,483		$	117,543		$	116,747
Share Data
Preferred shares outstanding—Series G		—			—			16,442			16,450			16,450			16,450			16,450			16,450
Preferred shares outstanding—Series H		24,000			24,000			24,000			—			—			—			—			—
Preferred shares outstanding—Series I		18,000			—			—			—			—			—			—			—
Common shares outstanding, excluding treasury		855,305,745			887,029,539			851,473,955			874,644,725			882,152,057			897,467,317			918,913,253			920,056,340
Treasury shares held		68,586,836			36,863,042			72,418,626			49,247,856			41,740,524			26,425,263			4,979,328			3,836,240

Page 4

Quarterly Data

	Three Months Ended
	December			September			June			March			December			September			June			March
	2013			2013			2013			2013			2012			2012			2012			2012
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	88,865		$	89,154		$	89,473			88,880		$	86,180		$	84,829		$	84,508		$	83,757
Taxable securities		18,383			16,590			15,346			15,224			15,187			15,005			15,548			15,313
Tax exempt securities		48			44			55			51			57			48			62			59
Other short-term investments		4,612			1,894			1,561			1,571			1,521			1,535			1,558			1,363
Total interest-earning assets		111,908			107,682			106,435			105,726			102,945			101,417			101,676			100,492
Cash and due from banks		2,956			2,380			2,359			2,225			2,442			2,368			2,264			2,345
Other assets		14,986			15,015			15,198			15,016			15,468			15,749			15,835			15,734
Allowance for loan and lease losses		(1,671	)		(1,731	)		(1,780	)		(1,850	)		(1,912	)		(2,013	)		(2,121	)		(2,246	)
Total assets	$	128,179		$	123,346		$	122,212		$	121,117		$	118,943		$	117,521		$	117,654		$	116,325
Liabilities
Interest-bearing liabilities:
Interest checking	$	24,650		$	23,116		$	22,796		$	23,763		$	23,556		$	22,967		$	23,548		$	22,308
Savings		17,323			18,026			18,864			19,576			20,216			21,283			22,143			21,944
Money market		11,285			9,693			8,918			7,932			6,026			4,776			4,258			4,543
Foreign office		1,717			1,755			1,418			1,102			1,174			1,345			1,321			2,277
Other time		3,529			3,676			3,859			3,982			4,094			4,224			4,359			4,551
Certificates—$100,000 and over		7,456			7,315			6,519			4,017			3,084			3,016			3,130			3,178
Other foreign office		—			17			10			40			32			32			23			19
Federal funds purchased		301			464			560			691			794			664			408			370
Other short-term borrowings		2,177			1,675			2,867			5,429			4,553			4,856			4,303			3,261
Long-term debt		9,135			7,453			7,552			7,506			7,891			8,863			9,669			9,768
Total interest-bearing liabilities		77,573			73,190			73,363			74,038			71,420			72,026			73,162			72,219
Demand deposits		30,765			30,655			29,682			28,565			29,223			27,127			26,351			26,063
Other liabilities		5,045			5,023			4,908			4,687			4,394			4,430			4,462			4,627
Total liabilities		113,383			108,868			107,953			107,290			105,037			103,583			103,975			102,909
Equity		14,796			14,478			14,259			13,827			13,906			13,938			13,679			13,416
Total liabilities and equity	$	128,179		$	123,346		$	122,212		$	121,117		$	118,943		$	117,521		$	117,654		$	116,325
Average loans and leases (excluding held for sale)	$	87,895		$	87,272		$	86,707		$	85,903		$	83,943		$	82,888		$	82,586		$	81,500
Average common shares outstanding:
Basic		868,077,089			880,182,513			858,582,710			870,923,074			884,676,065			904,474,989			913,540,510			915,225,816
Diluted		877,510,663			888,111,269			900,625,454			913,163,262			925,585,306			944,820,608			954,622,463			957,415,527

Page 5

Quarterly Data

	Three Months Ended
	December			September			June			March			December			September			June			March
	2013			2013			2013			2013			2012			2012			2012			2012
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	39,347		$	38,260		$	37,868		$	36,782		$	36,077		$	33,357		$	32,625		$	32,203
Commercial mortgage loans		8,069			8,058			8,450			8,777			9,116			9,368			9,697			9,976
Commercial construction loans		1,041			879			758			699			707			683			834			916
Commercial leases		3,626			3,572			3,570			3,568			3,549			3,549			3,471			3,512
Subtotal—commercial		52,083			50,769			50,646			49,826			49,449			46,957			46,627			46,607
Consumer:
Residential mortgage loans		13,570			13,832			14,513			14,713			14,873			13,449			13,218			12,523
Home equity		9,246			9,356			9,531			9,727			10,018			10,238			10,377			10,493
Automobile loans		11,984			12,072			12,015			11,741			11,972			11,912			11,739			11,832
Credit card		2,294			2,157			2,114			2,043			2,097			1,994			1,943			1,896
Other consumer loans and leases		381			375			361			317			312			311			318			346
Subtotal—consumer		37,475			37,792			38,534			38,541			39,272			37,904			37,595			37,090
Total loans and leases	$	89,558		$	88,561		$	89,180		$	88,367		$	88,721		$	84,861		$	84,222		$	83,697
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	38,846		$	38,145		$	37,636		$	36,423		$	34,311		$	33,124		$	32,770		$	31,421
Commercial mortgage loans		8,051			8,280			8,627			8,978			9,209			9,592			9,873			10,077
Commercial construction loans		955			797			717			700			697			751			886			1,008
Commercial leases		3,579			3,574			3,553			3,557			3,509			3,483			3,471			3,543
Subtotal—commercial		51,431			50,796			50,533			49,658			47,726			46,950			47,000			46,049
Consumer:
Residential mortgage loans		13,544			14,333			14,984			14,866			14,028			13,458			13,059			12,928
Home equity		9,296			9,432			9,625			9,872			10,129			10,312			10,430			10,606
Automobile loans		12,019			12,083			11,887			12,096			11,944			11,812			11,755			11,882
Credit card		2,202			2,140			2,071			2,069			2,029			1,971			1,915			1,926
Other consumer loans and leases		373			370			373			319			324			326			349			366
Subtotal—consumer		37,434			38,358			38,940			39,222			38,454			37,879			37,508			37,708
Total average loans and leases	$	88,865		$	89,154		$	89,473		$	88,880		$	86,180		$	84,829		$	84,508		$	83,757
Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	387		$	391		$	551		$	618		$	665		$	808		$	1,002		$	994
Nonaccrual loans held for sale		6			11			15			16			25			38			55			110
Restructured loans—commercial (nonaccrual) held for sale		—			—			—			3			4			5			5			7
Restructured loans and leases (nonaccrual) portfolio		364			379			358			333			364			345			340			358
Other assets, including other real estate owned		229			244			241			259			257			293			277			321
Total nonperforming assets	$	986		$	1,025		$	1,165		$	1,229		$	1,315		$	1,489		$	1,679		$	1,790
Ninety days past due loans and leases	$	103		$	156		$	152		$	164		$	195		$	201		$	203		$	216
Nonperforming Loans ($ in millions)(nonaccrual plus renegotiated)
Commercial and industrial loans and leases	$	287		$	310		$	356		$	323		$	345		$	401		$	471		$	489
Commercial mortgage loans		146			187			235			260			296			356			449			470
Commercial construction loans		31			34			47			74			85			93			123			146
Residential mortgage loans		165			166			202			221			237			254			260			265
Other consumer loans and leases		128			84			84			92			95			93			99			99
Total nonperforming loans and leases (including held for sale)	$	757		$	781		$	924		$	970		$	1,058		$	1,197		$	1,402		$	1,469
Credit Charge-Offs ($ in millions)
Gross charge-offs	($	183	)	($	141	)	($	145	)	($	168	)	($	177	)	($	188	)	($	219	)	($	253	)
Recoveries		35			32			33			35			30			32			38		$	33
Net losses charged off	($	148	)	($	109	)	($	112	)	($	133	)	($	147	)	($	156	)	($	181	)	($	220	)

Page 6

EX-99.4

Exhibit 99.4

January 2014

ANNUAL FINANCIAL SUPPLEMENT

Investment Community Member:

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

Numbers are unaudited for year-end information.

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

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

Yearly Data

	Years Ended December 31,
	2013		2012		2011		2010		2009
Ratios (percent)
Return on average assets		1.48		1.34		1.15		0.67		0.64
Return on average common equity		13.1		11.6		9.0		5.0		5.6
Average Bancorp shareholders’ equity as a percent of average assets		11.56		11.65		11.41		12.22		11.36
Net interest margin(a)		3.32		3.55		3.66		3.66		3.32
Efficiency(a)		58.2		61.7		62.3		60.7		46.9
Net losses charged off as a percent of average loans and leases		0.58		0.85		1.49		3.02		3.20
ALLL as a percent of portfolio loans and leases		1.79		2.16		2.78		3.88		4.88
Allowance for credit losses as a percent of portfolio loans and leases		1.97		2.37		3.01		4.17		5.27
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(b)		1.10		1.49		2.23		2.79		4.22
Allowance for loan and lease losses as a percent of nonperforming assets(b)		161		144		124		138		116
Allowance for credit losses as a percent of nonperforming assets(b)		178		158		134		149		125
Common Share Data
Earnings per share	$	2.05	$	1.69	$	1.20	$	0.63	$	0.73
Earnings per diluted share	$	2.02	$	1.66	$	1.18	$	0.63	$	0.67
Cash dividends per common share		0.47		0.36		0.28		0.04		0.04
Book value per share		15.85		15.10		13.92		13.06		12.44
Common shares outstanding, excluding treasury		855,305,745		882,152,057		919,804,436		796,272,522		795,068,164
Market price per share:
High	$	21.04	$	16.16	$	15.75	$	15.95	$	11.20
Low		15.35		12.04		9.13		9.81		1.01
End of period		21.03		15.20		12.72		14.68		9.75
Supplemental Data
Common dividends declared ($ in millions)	$	407	$	325	$	257	$	32	$	29
Full-time equivalent employees		19,446		20,798		21,334		20,838		20,998
Banking centers		1,320		1,325		1,316		1,312		1,309
ATMs		2,586		2,415		2,425		2,445		2,358

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

(b) Excludes nonperforming assets held for sale.

Page 2

Yearly Data

	Years Ended December 31,
	2013			2012			2011			2010			2009
Income Statement ($ in millions)
Interest income (FTE)	$	3,993		$	4,125		$	4,236		$	4,507		$	4,687
Interest expense		412			512			661			885			1,314
Net interest income (FTE)		3,581			3,613			3,575			3,622			3,373
Provision for loan and lease losses		229			303			423			1,538			3,543
Noninterest income:
Service charges on deposits		549			522			520			574			632
Investment advisory revenue		393			374			375			361			326
Corporate banking revenue		400			413			350			364			372
Mortgage banking net revenue		700			845			597			647			553
Card and processing revenue		272			253			308			316			615
Gain on sale of processing business		—			—			—			—			1,758
Other noninterest income		879			574			250			406			479
Securities gains, net		21			15			46			47			(10	)
Securities gains, net—non-qualifying hedges on mortgage servicing rights		13			3			9			14			57
Total noninterest income		3,227			2,999			2,455			2,729			4,782
Noninterest expense:
Salaries, wages and incentives		1,581			1,607			1,478			1,430			1,339
Employee benefits		357			371			330			314			311
Net occupancy expense		307			302			305			298			308
Technology and communications		204			196			188			189			181
Equipment expense		114			110			113			122			123
Card and processing expense		134			121			120			108			193
Other noninterest expense		1,264			1,374			1,224			1,394			1,371
Total noninterest expense		3,961			4,081			3,758			3,855			3,826
Income before income taxes (FTE)		2,618			2,228			1,849			958			786
Taxable equivalent adjustment		20			18			18			18			19
Income before income taxes		2,598			2,210			1,831			940			767
Applicable income tax		772			636			533			187			30
Net income	$	1,826		$	1,574		$	1,298		$	753		$	737
Less: Net income attributable to noncontrolling interests		(10	)		(2	)		1			—			—
Net income attributable to Bancorp	$	1,836		$	1,576		$	1,297		$	753		$	737
Dividends on preferred stock		37			35			203			250			226
Net income available to common shareholders	$	1,799		$	1,541		$	1,094		$	503		$	511
Regulatory Capital Data ($ in millions)(a)
Tier I capital	$	12,094		$	11,685		$	12,503		$	13,965		$	13,428
Tier II capital		4,348			4,131			4,382			4,208			4,207
Total risk-based capital	$	16,442		$	15,816		$	16,885		$	18,173		$	17,635
Risk-weighted assets	$	116,836		$	109,699		$	104,945		$	100,193		$	100,933
Tier I risk-based capital ratio		10.35	%		10.65	%		11.91	%		13.89	%		13.30	%
Total risk-based capital ratio		14.07	%		14.42	%		16.09	%		18.08	%		17.48	%
Tier I leverage ratio		9.64	%		10.05	%		11.10	%		12.79	%		12.34	%
Tier I common equity ratio		9.38	%		9.51	%		9.35	%		7.48	%		6.99	%

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

Page 3

Yearly Data

	Years Ended December 31,
	2013			2012			2011			2010			2009
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	3,178		$	2,441		$	2,663		$	2,159		$	2,318
Available-for-sale and other securities		18,597			15,207			15,362			15,414			18,213
Held-to-maturity securities		208			284			322			353			355
Trading securities		343			207			177			294			355
Other short-term investments		5,116			2,421			1,781			1,515			3,369
Total cash and securities		27,442			20,560			20,305			19,735			24,610
Loans held for sale		944			2,939			2,954			2,216			2,067
Portfolio loans and leases		88,614			85,782			81,018			77,491			76,779
Total loans and leases		89,558			88,721			83,972			79,707			78,846
Allowance for loan and lease losses		(1,582	)		(1,854	)		(2,255	)		(3,004	)		(3,749	)
Bank premises and equipment		2,531			2,542			2,447			2,389			2,400
Operating lease equipment		730			581			497			479			499
Goodwill		2,416			2,416			2,417			2,417			2,417
Intangible assets		19			27			40			62			106
Servicing rights		971			697			681			822			700
Other real estate owned		299			320			429			506			300
Other assets		8,059			7,884			8,434			7,894			7,251
Total assets	$	130,443		$	121,894		$	116,967		$	111,007		$	113,380
Liabilities
Deposits:
Demand	$	32,634		$	30,023		$	27,600		$	21,413		$	19,411
Interest checking		25,875			24,477			20,392			18,560			19,935
Savings		17,045			19,879			21,756			20,903			17,898
Money market		11,644			6,875			4,989			5,035			4,431
Foreign office		1,976			885			3,250			3,721			2,454
Other time		3,530			4,015			4,638			7,728			12,466
Certificates—$100,000 and over		6,571			3,284			3,039			4,287			7,700
Other foreign office		—			79			46			1			10
Total deposits		99,275			89,517			85,710			81,648			84,305
Federal funds purchased		284			901			346			279			182
Other short-term borrowings		1,380			6,280			3,239			1,574			1,415
Other liabilities		5,245			4,347			4,739			3,868			3,474
Long-term debt		9,633			7,085			9,682			9,558			10,507
Total liabilities		115,817			108,130			103,716			96,927			99,883
Equity
Common and preferred equity		15,802			13,975			12,795			13,867			13,457
Net unrealized gains (losses):
Available-for-sale securities		121			412			485			321			216
Qualifying cash flow hedges		13			50			80			67			105
Accumulated other comprehensive income related to employee benefit plans		(52	)		(87	)		(95	)		(74	)		(80	)
Treasury stock, at cost		(1,295	)		(634	)		(64	)		(130	)		(201	)
Total Bancorp shareholders’ equity		14,589			13,716			13,201			14,051			13,497
Noncontrolling interests		37			48			50			29			—
Total equity		14,626			13,764			13,251			14,080			13,497
Total liabilities and equity	$	130,443		$	121,894		$	116,967		$	111,007		$	113,380
Share Data
Preferred shares outstanding—Series G		—			16,450			16,450			152,771			152,771
Preferred shares outstanding—Series H		24,000			—			—			—			—
Preferred shares outstanding—Series I		18,000			—			—			—			—
Common shares outstanding, excluding treasury		855,305,745			882,152,057			919,804,436			796,272,522			795,068,164
Treasury shares held		68,586,836			41,740,524			4,088,144			5,231,665			6,436,023

Page 4

Yearly Data

	Years Ended December 31,
	2013			2012			2011			2010			2009
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	89,093		$	84,822		$	80,214		$	79,232		$	83,391
Taxable securities		16,395			15,262			15,334			16,054			15,897
Tax exempt securities		49			57			103			317			1,203
Other short-term investments		2,417			1,495			2,031			3,328			1,035
Total interest-earning assets		107,954			101,636			97,682			98,931			101,526
Cash and due from banks		2,482			2,355			2,352			2,245			2,329
Other assets		15,053			15,695			15,335			14,841			14,266
Allowance for loan and lease losses		(1,757	)		(2,072	)		(2,703	)		(3,583	)		(3,265	)
Total assets	$	123,732		$	117,614		$	112,666		$	112,434		$	114,856
Liabilities
Interest-bearing liabilities:
Interest checking	$	23,582		$	23,096		$	18,707		$	18,218		$	15,070
Savings		18,440			21,393			21,652			19,612			16,875
Money market		9,467			4,903			5,154			4,808			4,320
Foreign office		1,501			1,528			3,490			3,355			2,108
Other time		3,760			4,306			6,260			10,526			14,103
Certificates—$100,000 and over		6,339			3,102			3,656			6,083			10,367
Other foreign office		17			27			7			6			157
Federal funds purchased		503			560			345			291			517
Other short-term borrowings		3,024			4,246			2,777			1,635			6,463
Long-term debt		7,914			9,043			10,154			10,902			11,035
Total interest-bearing liabilities		74,547			72,204			72,202			75,436			81,015
Demand deposits		29,925			27,196			23,389			19,669			16,862
Other liabilities		4,917			4,462			4,189			3,580			3,926
Total liabilities		109,389			103,862			99,780			98,685			101,803
Equity		14,343			13,752			12,886			13,749			13,053
Total liabilities and equity	$	123,732		$	117,614		$	112,666		$	112,434		$	114,856
Average loans and leases (excluding held for sale)	$	86,950		$	82,733		$	78,533		$	77,045		$	80,681
Average common shares outstanding:
Basic		869,462,977			904,425,226			906,460,550			790,852,185			696,452,466
Diluted		894,736,445			945,554,102			949,545,420			799,381,153			726,508,263

Page 5

Yearly Data

	Years Ended December 31,
	2013			2012			2011			2010			2009
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	39,347		$	36,077		$	30,828		$	27,274		$	25,687
Commercial mortgage loans		8,069			9,116			10,214			10,992			11,936
Commercial construction loans		1,041			707			1,037			2,111			3,871
Commercial leases		3,626			3,549			3,531			3,378			3,535
Subtotal—commercial		52,083			49,449			45,610			43,755			45,029
Consumer:
Residential mortgage loans		13,570			14,873			13,474			10,858			9,845
Home equity		9,246			10,018			10,719			11,513			12,174
Automobile loans		11,984			11,972			11,827			10,983			8,995
Credit card		2,294			2,097			1,978			1,896			1,990
Other consumer loans and leases		381			312			364			702			813
Subtotal—consumer		37,475			39,272			38,362			35,952			33,817
Total loans and leases	$	89,558		$	88,721		$	83,972		$	79,707		$	78,846
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	37,770		$	32,911		$	28,546		$	26,334		$	27,556
Commercial mortgage loans		8,481			9,686			10,447			11,585			12,511
Commercial construction loans		793			835			1,740			3,066			4,638
Commercial leases		3,565			3,502			3,341			3,343			3,543
Subtotal—commercial		50,609			46,934			44,074			44,328			48,248
Consumer:
Residential mortgage loans		14,428			13,370			11,318			9,868			10,886
Home equity		9,554			10,369			11,077			11,996			12,534
Automobile loans		12,021			11,849			11,352			10,427			8,807
Credit card		2,121			1,960			1,864			1,870			1,907
Other consumer loans and leases		360			340			529			743			1,009
Subtotal—consumer		38,484			37,888			36,140			34,904			35,143
Total average loans and leases	$	89,093		$	84,822		$	80,214		$	79,232		$	83,391
Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	387		$	665		$	1,058		$	1,333		$	2,642
Nonaccrual loans held for sale		6			25			131			247			220
Restructured loans—commercial (nonaccrual) held for sale		—			4			7			47			4
Restructured loans and leases (nonaccrual) portfolio		364			364			380			347			305
Other assets, including other real estate owned		229			257			378			494			297
Total nonperforming assets	$	986		$	1,315		$	1,954		$	2,468		$	3,468
Ninety days past due loans and leases	$	103		$	195		$	200		$	317		$	567
Nonperforming Loans ($ in millions)(nonaccrual plus renegotiated)
Commercial and industrial loans and leases	$	287		$	345		$	544		$	753		$	840
Commercial mortgage loans		146			296			497			581			1,035
Commercial construction loans		31			85			156			258			741
Residential mortgage loans		165			237			275			268			412
Other consumer loans and leases		128			95			104			114			144
Total nonperforming loans and leases (including held for sale)	$	757		$	1,058		$	1,576		$	1,974		$	3,172
Credit Charge-Offs ($ in millions)
Gross charge-offs	($	637	)	($	837	)	($	1,314	)	($	2,484	)	($	2,719	)
Recoveries		136			133			142			156			138
Net losses charged off	($	501	)	($	704	)	($	1,172	)	($	2,328	)	($	2,581	)

Page 6