Exhibit 12.1

Fifth Third Bancorp

Computations of Consolidated Ratios of Earnings to Fixed Charges

($ In Millions)

	Three Months Ended September 30, 2014			Nine Months Ended September 30,  2014
Excluding Interest on Deposits:
Fixed Charges:
Interest Expense (excluding interest on deposits)	$	64		$	176
One-Third of Rents, Net of Income from Subleases		7			22
Total Fixed Charges	$	71		$	198
Earnings:
Income Before Income Taxes	$	464		$	1,509
Fixed Charges		71			198
Total Earnings	$	535		$	1,707
Ratio of Earnings to Fixed Charges, Excluding Interest On Deposits		7.54	x		8.62	x
Including Interest on Deposits:
Fixed Charges:
Interest Expense	$	115		$	323
One-Third of Rents, Net of Income from Subleases		7			22
Total Fixed Charges	$	122		$	345
Earnings:
Income Before Income Taxes	$	464		$	1,509
Fixed Charges		122			345
Total Earnings	$	586		$	1,854
Ratio of Earnings to Fixed Charges, Including Interest On Deposits		4.80	x		5.37	x