EX-99.2

3Q14 Earnings Conference Call

October 16, 2014

Refer to earnings release dated October 16, 2014 for further information.

Exhibit 99.2

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 Fifth Third’s investment in, relationship with, and

nature of the 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.

3Q14 in review

Balancing current earnings growth with prudent decisions to increase long-term shareholder value

($ in millions)

3Q14

Seq.

YOY

Average Balances

Total loans & leases

$90,799

$250

$3,527

Core deposits

$93,160

$319

$6,239

Income Statement Data

Net interest income (taxable equivalent)

$908

Provision for loan and lease losses

(7%)

40%

Noninterest income

520

(29%)

(28%)

Noninterest expense

888

(7%)

Net income attributable to Bancorp

$340

(22%)

(19%)

Net income available to common

shareholders

$328

(21%)

(22%)

Financial Ratios

Earnings per share, diluted

$0.39

(20%)

(17%)

Net interest margin

3.10%

(5bps)

(21bps)

Efficiency ratio

62.1%

390bps

290bps

Return on average assets

1.02%

(32bps)

(33bps)

Return on avg common equity

9.2%

(270bps)

(290bps)

11.1%

(330bps)

(360bps)

Note:

The

percentages

all

the

tables

this

presentation

are

calculated

actual

dollar

amounts

and

not

the

rounded

dollar

amounts.

Excludes loans held-for-sale

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

Adjusted efficiency ratio excludes items reflected on page 8 as adjustments to remove (benefit) / detriment in noninterest income and noninterest expense in 3Q14.

Significant pre-tax items in 3Q14 results

(~$0.04 negative after-tax EPS impact):

—

($53MM) valuation adjustment on

Vantiv warrant

Reflects sequential decline in

Vantiv’s stock price

$181MM net positive valuation

adjustments recorded 1Q13-

3Q14

3Q14 operating results stable with

balance sheet growth and well-

controlled expenses

—

Adjusted efficiency ratio of 59.5%

Issued $850MM of fixed-rate long-term

debt

Credit trends at low levels, with NCOs of

0.50% and NPAs of 0.88%; strong

reserve coverage of 1.56% of loans and

leases

Strong capital ratios

with tangible book

value per share up 7% from 3Q13

Return

avg

tangible

common

equity

Balance sheet

Loan balances ($B)

•

Average commercial loans flat

sequentially and up 7% year-over-year

•

Targeting prudent risk/reward profile in

lending

•

Commercial loan growth driven primarily

by C&I, partially offset by lower

commercial mortgage

•

Consumer loan growth driven by

residential mortgage and bankcard

•

End of period commercial line utilization

32%; flat sequentially

•

Continued deposit growth with increases

in money market and demand deposit

balances

–

Consumer average transaction

deposits flat sequentially and up 5%

year-over-year

–

Commercial average transaction

deposits up 1% sequentially and up

10% year-over-year

•

Core deposit to loan ratio of 103%

Average core deposit balances ($B)

$93.2

$86.9

Average securities and

short-term investments ($B)

•

$6.0 billion added to the average

securities portfolio in last 12 months

•

Securities portfolio / total assets of 17.5%

in 3Q14, up from 14.8% a year ago

•

End of period short-term investments

increased $1.3B sequentially, reflecting

higher cash balances held at the Federal

Reserve

$18.5

$23.0

$22.9

$23.9

$24.9

$87.2

$90.6

$87.3

$87.9

$89.5

$90.5

$90.8

3Q13

4Q13

1Q14

2Q14

3Q14

EOP loans HFI

Avg loans HFI

$16.6

$18.4

$20.4

$21.8

$22.6

3Q13

4Q13

1Q14

2Q14

3Q14

Average securities

Short-

term investments

$83.2

$85.7

$87.9

$89.1

$89.4

3Q13

4Q13

1Q14

2Q14

3Q14

Transaction deposits

Other time deposits

•

33% of consumer deposit transactions

now digital; 31% in 2Q14 and 27% in

3Q13

Net interest income

NII and NIM (FTE)

•

Net interest income up $3MM from 2Q14

–

Increase driven by higher average investment securities balances, an additional day in the third quarter, and

loan growth, partially offset by the effects of loan repricing and debt issuances

•

NIM decreased 5 bps sequentially primarily due to the effects of

loan repricing, debt issuances, and day count

•

Year-over-year NII increased $10MM and NIM decreased 21 bps

–

NII increase driven by higher balances and yields in investment securities, as well as higher loan balances,

partially offset by the effect of loan repricing

–

NIM decrease due to the impact of loan repricing

Yield Analysis

3Q13

2Q14

3Q14

Seq.

(bps)

YoY

(bps)

Commercial and industrial loans

3.49%

3.27%

3.25%

(2)

(24)

Commercial mortgage loans

3.60%

3.39%

3.34%

(5)

(26)

Commercial construction loans

3.71%

3.54%

3.49%

(5)

(22)

Commercial leases

3.22%

3.04%

2.96%

(8)

(26)

Residential mortgage loans

3.87%

3.93%

3.84%

(9)

(3)

Home equity

3.74%

3.71%

3.69%

(2)

(5)

Automobile loans

3.02%

2.77%

2.72%

(5)

(30)

Credit card

9.93%

10.06%

9.87%

(19)

(6)

Other consumer loans and leases

42.84%

35.63%

36.98%

135

(586)

Total loans and leases

3.83%

3.65%

3.61%

(4)

(22)

Taxable securities

3.20%

3.34%

3.32%

(2)

Tax exempt securities

5.08%

4.69%

5.34%

Other short-term investments

0.26%

0.28%

0.26%

(2)

Total interest-earning assets

3.68%

3.53%

3.49%

(4)

(19)

Total interest-bearing liabilities

0.54%

0.56%

Net interest rate spread

3.14%

2.99%

2.93%

(6)

(21)

$908

$898

$905

$898

$905

3.31%

3.21%

3.22%

3.15%

3.10%

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

3Q13

4Q13

1Q14

2Q14

3Q14

Net Interest Income ($MM)

NIM

3Q14

Seq.

YOY

($ in millions)

Service charges on deposits

$145

Corporate banking revenue

100

(7%)

(2%)

Mortgage banking net revenue

(21%)

(49%)

Investment advisory revenue

103

Card and processing revenue

(1%)

Other

noninterest

income

(86%)

(82%)

Securities gains, net

(57%)

40%

Securities gains (losses), net -

(100%)

non-qualifying hedges on MSRs

Total noninterest income

$520

(29%)

(28%)

Noninterest income

Net credit-related costs recognized in other noninterest income were immaterial in 3Q14. This compares with net credit-related costs of $4MM in 2Q14, $10MM in 1Q14, $5MM in 4Q13,

and $5MM in 3Q13.

Compared with 2Q14

•

Retail service charges on deposits up 9% sequentially;

commercial up 2%

•

Mortgage banking results reflected lower gain on sale

revenue, due to retaining more production on balance sheet

and lower gain on sale margins, and MSR valuation

•

Corporate banking results driven by lower syndication and

business lending fees

Compared with 3Q13

•

Record investment advisory fees with increases in personal

AUM, securities and brokerage fees, and market values

•

Card and processing revenue reflects greater card

utilization and higher consumer purchase volume

3Q13

4Q13

1Q14

2Q14

3Q14

Reported noninterest income

$721

$703

$564

$736

$520

Gain on sale of Vantiv shares

(85)

(125)

Vantiv warrant valuation

(6)

(91)

(63)

Other Vantiv-related items

(9)

Valuation of Visa total return swap

(1)

Land valuation adjustments

Securities (gains) / losses

(2)

(7)

(8)

(3)

Adjusted noninterest income

$630

$619

$592

$585

$573

Components of noninterest income

5 quarter trend ($MM)

Adjustments to remove (benefit) / detriment

$630

$619

$592

$585

$573

$200

$400

$600

$800

3Q13

4Q13

1Q14

2Q14

3Q14

Adjusted noninterest income

Mortgage banking net revenue

Reported noninterest income

Noninterest expense

•

Expenses declined 7% both sequentially and year-

over-year

•

Improvement in employee-related costs largely

driven by changes in retail and mortgage staffing

—

Retail FTE down 9% from 3Q13 as branch roles are

consolidated and redefined

•

12% year-over-year increase in card and processing

expense commensurate with higher revenue in that

business

($ in millions)

Salaries, wages and incentives

$357

(3%)

(8%)

Employee benefits

(5%)

(9%)

Net occupancy expense

(1%)

Technology and communications

Equipment expense

Card and processing expense

12%

258

(17%)

(13%)

Total noninterest expense

$888

(7%)

3Q13

4Q13

1Q14

2Q14

3Q14

Reported noninterest expense

$959

$989

$950

$954

$888

Litigation reserve charges

(30)

(69)

(51)

(61)

(4)

Severance expense

(5)

(8)

(4)

(1)

(2)

Debt extinguishment costs

(8)

Sale of LIH tax credits

Fed assessment

(5)

Foundation

(8)

Adjusted noninterest expense

$920

$896

$895

$892

$882

5 quarter trend ($MM)

Components of noninterest expense

Adjustments to remove benefit / (detriment)

$920

$896

$895

$892

$882

$200

$400

$600

$800

$1,000

3Q13

4Q13

1Q14

2Q14

3Q14

Adjusted noninterest expense

Reported noninterest expense

3Q14

Seq.

YOY

Net credit-related costs recognized in other noninterest expense were $13MM in 3Q14. This compares with net credit-related costs of $6MM in 2Q14, $9MM in

1Q14, ($12MM) in 4Q13, and $16MM in 3Q13.

Other

noninterest

expense

Pre-tax

pre-provision

earnings

PPNR trend

PPNR decreased 22% sequentially, reflecting

impact of $59MM in net detriment in 3Q14 and

$89MM in net benefit in 2Q14 from significant

items. Excluding those items, adjusted PPNR

increased $1MM sequentially.

PPNR reconciliation

Efficiency ratio

($ in millions)

3Q13

4Q13

1Q14

2Q14

3Q14

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

$604

$561

$438

$606

$464

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

PPNR (a) + (b)

$655

$614

$507

$682

$535

Adjustments

remove

(benefit)

detriment²:

In noninterest income:

Gain from sales of Vantiv shares

(85)

(125)

Vantiv warrant valuation

(6)

(91)

(63)

Reduction in equity method income from interest in Vantiv

Land valuation adjusments

Other Vantiv-related income

(9)

Valuation of 2009 Visa total return swap

(1)

Securities (gains) / losses

(2)

(7)

(8)

(3)

In noninterest expense:

Debt extinguishment (gains) / losses

Severance expense

Large bank assessment fees

Gain on sale of affordable housing investments

(1)

Donation to Fifth Third Foundation

Litigation reserve charges

Adjusted PPNR

$603

$623

$590

$593

$594

Credit-related items:

In noninterest income

(0)

In noninterest expense

(12)

Credit-adjusted PPNR

$624

$616

$609

$603

$607

$603

$623

$590

$593

$594

$100

$200

$300

$400

$500

$600

$700

3Q13

4Q13

1Q14

2Q14

3Q14

Adjusted PPNR

Reported PPNR

59.2%

61.5%

64.9%

58.2%

62.1%

60.2%

58.8%

60.1%

59.8%

59.5%

3Q13

4Q13

1Q14

2Q14

3Q14

Efficiency Ratio

Adjusted Efficiency Ratio

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

Prior quarters include similar adjustments.

There

are

limitations

the

usefulness

credit-adjusted

PPNR,

including

the

significant

degree

which

changes

credit

and fair value are integral, recurring components of the Bancorp’s

core

operations

financial

institution.

This

measure

has

been

included

herein

facilitate

greater

understanding

the

Bancorp’s financial condition.

Note: 3Q14, 2Q14, and 1Q14 included the impact of $3MM, $1MM, and $3MM, respectively in mortgage repurchase provision. 4Q13 and 3Q13 included benefits to the mortgage repurchase

provision

$26MM

and

$4MM,

respectively.

These

impacts

are

reflected

“Credit-related

items”

and

“Adjusted

Efficiency

Ratio”

listed

above.

Credit quality overview

$109

Net charge-offs ($MM)

$148

$101

NCO ratio

0.49%

0.67%

0.76%

0.45%

0.50%

$168

HFI Nonperforming assets ($MM)

$796

$1,014

$832

$946

NPAs down 21% from 3Q13;

lowest level since 2007

Reserve Coverage

Accruing Past Due ($MM)

$414

$379

$337

Includes 3Q14 provision expense of $71MM;

reserve coverage levels remain solid

Total delinquencies declined 12% from 3Q13;

sequential change due to seasonality

Net charge-offs within range of expected variability

$115

$366

258

276

243

279

156

103

$50

$100

$150

$200

$250

$300

$350

$400

$450

3Q13

4Q13

1Q14

2Q14

3Q14

89 Days Past Due

90+ Days Past Due

680

607

595

512

487

334

373

351

320

309

$250

$500

$750

$1,000

$1,250

3Q13

4Q13

1Q14

2Q14

3Q14

105

$25

$50

$75

$100

$125

$150

$175

3Q13

4Q13

1Q14

2Q14

3Q14

$1,677

$1,582

$1,483

$1,458

$1,414

1.92%

1.79%

1.65%

1.61%

1.56%

$500

$1,000

$1,500

$2,000

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

3Q13

4Q13

1Q14

2Q14

3Q14

Allowance for Loan & Lease Losses (ALLL) ($MM)

ALLL / Loans and Leases

$980

Commercial

Consumer

Commercial

Consumer

NPA ratio

1.16%

1.10%

1.05%

0.92%

0.88%

Strong capital position

Avg. Diluted Shares Outstanding (MM)

and Tangible Book Value per share

•

2014 CCAR plan included the potential repurchase of

common shares in an amount up to $669MM

–

Announced $225MM of share repurchases in

3Q14

–

Also have the ability to repurchase shares in the

amount of any after-tax gains from the sale of

Vantiv Inc. stock

EOP share impact

(MM)

Average share impact

(MM)

2Q14

3Q14

4Q14

2Q14

3Q14

4Q14

$200MM ASR

0.8

$456MM ASR

2.1

$99MM ASR

1.8

$150MM ASR

6.2

4.2

2.8

0.2

$225MM ASR

10.4

1.9

7.0

4.0

6.2

10.4

1.9

8.9

9.8

4.2

Capital Actions

Impact of Share Repurchases

888

878

858

848

838

$13.09

$13.00

$13.40

$13.86

$13.95

660

710

760

810

860

910

$11.00

$11.50

$12.00

$12.50

$13.00

$13.50

$14.00

3Q13

4Q13

1Q14

2Q14

3Q14

Tier

common

equity

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

Common Shares O/S

TBV per share

4Q14 end of period and average share impacts reflect settlement of the $225MM share repurchase transaction as described in the Form 8-K filed on October 14, 2014.

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

interpretation of the Basel III Final Rule approved in July 2013.

Balance Sheet:

Average loans & leases (excl. HFS)

Average transaction deposits

Income Statement:

Net interest income

Net interest margin

Noninterest income

Noninterest expense

Pre-provision net revenue

1,2

ROA

Effective tax rate

1,2

Asset Quality:

Net charge-offs

Loan loss allowance

Nonperforming assets

Tier

common

equity

3,6

Category

Fifth Third: Outlook

2014 Outlook

$87.0B

$82.9B

2013 results exclude a net $534MM benefit from gains on Vantiv share sales and valuation adjustments on the Vantiv warrant. 2014 outlook excludes a net realized $99MM benefit from gains

on Vantiv share sales and valuation adjustments on the Vantiv warrant. 2014 outlook also 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.

Presented on a fully-taxable equivalent basis.

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

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.

As a percentage of loans and leases

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

Outlook as of October 16, 2014;

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

Mid-single digit growth

Mid-to-high single digit growth

Down

~$15MM

(~mid-50

bps

)

Lower vs. 4Q13

Down ~20% vs. 4Q13

$3.58B

3.32% (3.21% 4Q13)

$2.70B

$3.95B

$2.31B

~1.2%

~28.4%

9.45%

$501MM

(0.58%

)

$1.6B (1.79%)

$980MM (1.10%)

~Consistent with 4Q13

Stable to Modest growth

~3.13%

Down low double digits

(up low-to-mid-single digits ex-mortgage)

Down mid-single digits

Modest decline

~1.15%

~27.0%

Also excludes items reflected on page 8 as adjustments to remove (benefit) / detriment in noninterest income and noninterest expense for 1Q14, 2Q14, 3Q14.

Appendix

Mortgage

originations

($B)

and

gain on sale

margin

Mortgage banking results

•

$2.1B in originations; 70% purchase volume

•

3Q14 mortgage drivers:

–

Gain on sale margin down 14 bps sequentially

–

Retaining conforming ARMs and shorter-term fixed-rate production on balance sheet

Mortgage Banking Net Revenue ($MM)

Note: Numbers may not sum due to rounding.

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

$121

$78

$126

$109

$61

–

Discontinued broker channel originations in 1Q14

–

Origination fees and gain on sale revenue down $8MM

–

MSR valuation adjustments of negative $1MM; servicing rights amortization of negative $33MM

–

$61MM in gross servicing fees

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3Q13

4Q13

1Q14

2Q14

3Q14

Originations for sale

Originations HFI

(39)

(23)

(22)

(32)

(33)

(1)

3Q13

4Q13

1Q14

2Q14

3Q14

Orig fees and gains on loan sales

Gross servicing fees

Servicing rights amortization

MSR valuation adjustments

Margin

Available and contingent borrowing capacity

(3Q14):

–

FHLB ~$11.9B available

–

Federal Reserve ~$27.2B

Holding Company cash at 9/30/14: $2.4B

Cash currently sufficient to satisfy all fixed

obligations in a stressed environment for over

23 months (debt maturities, common and

preferred dividends, interest and other

expenses) without accessing capital markets,

relying on future 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

S-T

wholesale

$1,250

$500

$2,312

2014

2015

2016

2017

2018

2019

2020 on

Fifth Third Bancorp

Fifth Third Capital Trust (Bancorp)

Demand

24%

Interest

checking

19%

Savings/

MMDA

23%

Consumer

time

Foreign

Office

Non-Core

Deposits

S-T

borrowings

Other

liabilities

Equity

12%

L-T debt

11%

$10

$875

$2,450

$650

$600

$850

2014

2015

2016

2017

2018

2019

2020 On

Interest rate risk management

Strategically

positioned

balance

sheet

limit

risk

downside

rate

scenarios

•

Balance sheet is well positioned for a rising rate environment

—

62% of total loans are floating rate (80% of commercial and 35% of consumer)

—

Investment portfolio duration of approximately 5 years

—

Short-term wholesale funding represents only 4% of total funding

—

$14.1B in funding will reprice beyond 1 year

•

Forecasted balances represent our current

expectations regarding balance sheet trends

•

Static balances assume current composition of

balance sheet remains constant

•

In ramp scenarios, rate changes occur evenly over

the first four quarters

•

In shock scenarios, rate changes are instantaneous

+100 bps

+200 bps

+100 bps

+200 bps

Forecast Balances

Static Balances

Year 1

0.9%

1.7%

0.9%

1.7%

Year 2

4.0%

6.7%

4.5%

7.6%

Year 1

2.1%

4.0%

2.1%

3.8%

Year 2

4.9%

8.4%

5.5%

9.3%

+100 bps

+200 bps

(2.0%)

(4.4%)

EVE at Risk

—

Weighted-average deposit beta of 70% (2004 –

2006 cycle betas ~50%)

—

No modeled lag in deposit repricing

—

Modeled DDA runoff of approximately $2.5B (approximately 8%) for

each 100 bps increase in rates

—

For every $1B of incremental DDA runoff beyond what is modeled, asset sensitivity decreases:

15 bps in year 1 and 28 bps in year 2 in a 100 bps ramp

35 bps in both year 1 and year 2 in a 100 bps shock

•

Interest rate sensitivities are based on conservative deposit assumptions

Repricing percentage or “beta” is the estimated change in yield over 12 months as a result of a shock or ramp 100 bps parallel shift in the yield curve.

Actual results may vary from these simulated results due to timing, magnitude, and frequency of interest rate changes, as well as changes in market conditions and management strategies.

NII –

Asset Sensitivity

NPL rollforward

NPL HFI Rollforward

Commercial

3Q13

4Q13

1Q14

2Q14

3Q14

623

521

458

464

396

Transfers to nonperforming

107

164

141

116

Transfers to performing

(1)

(2)

(20)

Transfers to performing (restructured)

(2)

(1)

(47)

Transfers from held for sale

Transfers to held for sale

(1)

(3)

Loans sold from portfolio

(14)

(19)

(2)

(24)

(12)

Loan paydowns/payoffs

(101)

(61)

(43)

(54)

(39)

Transfers to other real estate owned

(14)

(12)

(7)

(18)

(9)

Charge-offs

(44)

(78)

(105)

(46)

(66)

Draws/other extensions of credit

521

458

464

396

385

Consumer

3Q13

4Q13

1Q14

2Q14

3Q14

286

248

293

269

244

Transfers to nonperforming

165

Transfers to performing

(30)

(25)

(28)

(24)

(15)

Transfers to performing (restructured)

(24)

(22)

(20)

(25)

Transfers to held for sale

Loans sold from portfolio

Loan paydowns/payoffs

(39)

(24)

(29)

(11)

(5)

Transfers to OREO/other repossessed property

(28)

(20)

(24)

(21)

Charge-offs

(13)

(30)

(15)

(30)

(33)

Draws/other extensions of credit

(1)

248

293

269

244

235

Total NPL

769

751

733

640

620

Total

new

nonaccrual

loans

HFI

166

272

257

226

206

Beginning NPL amount

Ending Commercial NPL

Beginning NPL amount

Ending Consumer NPL

Troubled debt restructurings overview

Of $1.7B in consumer TDRs, $1.6B were on accrual

status and $114MM 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

TDR performance has improved in newer vintages

Data through 1Q14

$1.3B current consumer TDRs (%)

$1.2

billion

73%

< 6 months

6-12 months

12-18 months

18-24 months

24+ months

10%

15%

20%

25%

30%

35%

Months Since Modification

2008

2009

2010

2011

2012

2013

2014

21%

35%

16%

11%

10%

Mortgage TDR Volume by Vintage

2008

2009

2010

2011

2012

2013

2014

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

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

Commercial & industrial

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & industrial loans represented 45% of total loans

and 43% of net charge-offs

•

C&I loans were down 1% sequentially and increased 7% since

3Q13

•

Leveraged loans of $5.2B in 3Q14

—

Regulatory definitions regarding purpose, senior debt/

EBITDA >3x, total debt/EBITDA >4x

* Excludes loans held-for-sale.

($ in millions)

3Q13

4Q13

1Q14

2Q14

3Q14

EOP Balance*

$38,253

$39,316

$40,591

$41,299

$41,072

Avg Loans*

$38,133

$38,835

$40,377

$41,374

$41,477

90+ days delinquent

as % of loans

0.01%

NPAs*

$321

$290

$304

$265

$278

as % of loans

0.84%

0.74%

0.75%

0.64%

0.68%

Net charge-offs

$44

$66

$97

$31

$50

as % of loans

0.46%

0.67%

0.97%

0.30%

0.48%

C&I

13%

11%

Other /

National

44%

Accommodation

Auto

Manufacturing

Construction

Finance &

Insurance

14%

Manufacturing

22%

Real Estate

Retail Trade

Auto Retailers

Wholesale Trade

10%

Other

38%

Commercial real estate

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial mortgage loans represented 8% of total loans

and 4% of net charge-offs

—

Owner occupied 3Q14 NCO ratio of 0.4%, non-owner

occupied 3Q14 NCO ratio of 0.1%

—

Loans from FL/MI represented 33% of portfolio loans

and 29% of portfolio losses in 3Q14

•

Commercial construction loans represented 2% of total loans

and 0% of net charge-offs

—

Loans from FL/MI represented 17% of portfolio loans

* Excludes loans held-for-sale.

($ in millions)

3Q13

4Q13

1Q14

2Q14

3Q14

EOP Balance*

$8,052

$8,066

$7,958

$7,805

$7,564

Avg Loans*

$8,273

$8,047

$7,981

$7,885

$7,633

NPAs*

$296

$252

$240

$212

$186

as % of loans

3.62%

3.09%

2.98%

2.69%

2.43%

Net charge-offs

as % of loans

0.14%

0.40%

0.16%

0.44%

0.24%

Commercial mortgage

($ in millions)

3Q13

4Q13

1Q14

2Q14

3Q14

EOP Balance*

$875

$1,039

$1,218

$1,424

$1,702

Avg Loans*

$793

$952

$1,116

$1,362

$1,563

NPAs*

$62

$59

$46

$31

$19

as % of loans

6.86%

5.53%

3.68%

2.17%

1.09%

Net charge-offs

($2)

as % of loans

(1.16%)

1.65%

1.66%

2.26%

(0.11%)

Commercial construction

Accommodation

Construction

Finance &

insurance

Auto

Manufacturing

Real Estate

43%

Retail Trade

Auto Retailers

Wholesale Trade

Other

24%

18%

26%

Other /

National

17%

12%

Residential mortgage

liens:

100%;

weighted

average

LTV:

73.4%

Weighted average origination FICO: 754

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

720-749 14%; 750+ 58%; Other^ 8%

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

Origination LTV distribution: <=70 37%; 70.1-80 36%; 80.1-90 7%;

90.1-95 5%; >95 15%

Vintage distribution: 2014: 12%, 2013: 21%; 2012 21%; 2011 13%;

2010 7%; 2009 4%; 2008 3%; 2007 4%; 2006 4%; 2005 6%; 2004

and prior 5%

15%

originated

through

party;

performance

similar

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%

total

loans

and

8% of net charge-offs

•

Net charge-offs increased by $1MM in 3Q14

—

MI, IL, and OH account for 26%, 26%, and 17% of

residential mortgage net charge-offs, respectively

($ in millions)

3Q13

4Q13

1Q14

2Q14

3Q14

EOP Balance*

$12,534

$12,680

$12,626

$12,652

$12,941

Avg Loans*

$12,486

$12,609

$12,659

$12,611

$12,785

90+ days delinquent

$73

$66

$56

$60

$57

as % of loans

0.58%

0.52%

0.44%

0.47%

0.44%

NPAs*

$229

$223

$201

$172

$164

as % of loans

1.82%

1.76%

1.59%

1.36%

1.27%

Net charge-offs

$12

$13

$15

as % of loans

0.39%

0.49%

0.24%

0.28%

Residential mortgage

15%

24%

13%

Other /

National

15%

12%

Home equity loans represented 10% of total loans and 12% of net

charge-offs

Approximately 12% of portfolio in broker product generated 28% total

loss

37%

Fifth

Third

liens

are

behind

Fifth

Third

liens

2005/2006 vintages represent approximately 24% of portfolio; account

for 50% of losses

Home equity

liens:

34%;

liens:

66%

Weighted average origination FICO: 752

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

720-749 16%; 750+ 54%; Other 8%

Average CLTV: 73%; Origination CLTV distribution: <=70 41%; 70.1-

80 24%; 80.1-90 18%; 90.1-95 6%; >95 11%

Vintage distribution: 2014: 6%, 2013: 6%; 2012 4%; 2011 3%; 2010

2%; 2009 3%; 2008 9%; 2007 9%; 2006 12%; 2005 11%; 2004 and

prior 35%

% through broker channels: 12% WA FICO: 734 brokered, 755 direct;

WA CLTV: 88% brokered; 70% 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)

3Q13

4Q13

1Q14

2Q14

3Q14

EOP Balance*

$1,231

$1,190

$1,155

$1,131

$1,094

90+ days delinquent

$11

as % of loans

0.88%

Net charge-offs

as % of loans

1.91%

2.81%

1.85%

2.35%

1.42%

Home equity - brokered

($ in millions)

3Q13

4Q13

1Q14

2Q14

3Q14

EOP Balance*

$8,125

$8,056

$7,970

$7,925

$7,893

90+ days delinquent

$35

as % of loans

0.43%

Net charge-offs

$13

$18

$11

$10

as % of loans

0.64%

0.87%

0.55%

0.58%

0.51%

Home equity - direct

22%

25%

10%

13%

Other

17%

18%

38%

13%

Other

Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

September

June

March

December

September

2014

2013

Income before income taxes (U.S. GAAP)

464

606

438

561

604

Add:

Provision expense (U.S. GAAP)

Pre-provision net revenue

535

682

507

614

655

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

328

416

309

383

421

Add:

Intangible amortization, net of tax

Tangible net income available to common shareholders

329

417

310

384

422

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

1,305

1,673

1,257

1,523

1,674

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

15,486

15,157

14,862

14,757

14,440

Less:

Average preferred stock

(1,331)

(1,119)

(1,034)

(703)

(593)

Average goodwill

(2,416)

Average intangible assets

(16)

(17)

(19)

(20)

(22)

Average tangible common equity (b)

11,723

11,605

11,393

11,618

11,409

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

15,404

15,469

14,826

14,589

14,641

Less:

Preferred stock

(1,331)

(1,034)

(593)

Goodwill

(2,416)

Intangible assets

(16)

(17)

(18)

(19)

(21)

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

11,641

11,705

11,358

11,120

11,611

Less: Accumulated other comprehensive income

(301)

(382)

(196)

(82)

(218)

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

11,340

11,323

11,162

11,038

11,393

Total assets (U.S. GAAP)

134,188

132,562

129,654

130,443

125,673

Less:

Goodwill

(2,416)

Intangible assets

(16)

(17)

(18)

(19)

(21)

Tangible assets, including unrealized gains / losses (e)

131,756

130,129

127,220

128,008

123,236

Less: Accumulated other comprehensive income / loss, before tax

(463)

(588)

(302)

(126)

(335)

Tangible assets, excluding unrealized gains / losses (f)

131,293

129,541

126,918

127,882

122,901

Common shares outstanding (g)

834

844

848

855

887

Ratios:

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

11.1%

14.4%

11.0%

13.1%

14.7%

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

8.64%

8.74%

8.79%

8.63%

9.27%

Tangible common equity (including unrealized gains/losses) (c) / (e)

8.84%

9.00%

8.93%

8.69%

9.42%

Tangible book value per share (c) / (g)

$13.95

$13.86

$13.40

$13.00

$13.09

For the Three Months Ended

Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

September

June

March

December

September

2014

2013

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

15,404

15,469

14,826

14,589

14,641

Goodwill and certain other intangibles

(2,484)

(2,490)

(2,492)

Unrealized gains

(301)

(382)

(196)

(82)

(218)

Qualifying trust preferred securities

810

Other

(18)

(19)

(18)

Tier I capital

12,661

12,644

12,182

12,094

12,762

Less:

Preferred stock

(1,331)

(1,034)

(593)

Qualifying trust preferred securities

(60)

(810)

Qualifying noncontrolling interest in consolidated subsidiaries

(1)

(37)

(39)

Tier I common equity (a)

11,269

11,252

11,087

10,963

11,320

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (b)

116,920

117,117

116,622

115,969

113,801

Ratio:

Tier I common equity (a) / (b)

9.64%

9.61%

9.51%

9.45%

9.95%

Basel III -

Estimated Tier 1 common equity ratio

September

June

March

December

September

2014

2013

Tier 1 common equity (Basel I)

11,269

11,252

11,087

10,963

11,320

Add:

Adjustment related to capital components

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

11,368

11,348

11,186

11,045

11,408

Add:

Adjustment related to AOCI

301

382

196

218

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

11,669

11,730

11,382

11,127

11,626

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

121,068

122,465

122,659

122,074

120,447

Estimated

Tier

common

equity

ratio

under

final

Basel

III

rules

(opt

out)

(c)

(e)

9.39%

9.27%

9.12%

9.05%

9.47%

Estimated

Tier

common

equity

ratio

under

final

Basel

III

rules

(non

opt

out)

(d)

(e)

9.64%

9.58%

9.28%

9.12%

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 capital; 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