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): July 21, 2015

(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 July 21, 2015 Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the second quarter of 2015. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.3, 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 July 21, 2015 Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the second quarter of 2015. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.3, 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 July 21, 2015

Exhibit 99.2 – Second Quarter Earnings Conference Call

Exhibit 99.3 – Quarterly 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)
July 21, 2015	/s/ Tayfun Tuzun
	Tayfun Tuzun
	Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

		News Release
CONTACTS:	Jim Eglseder (Investors)	FOR IMMEDIATE RELEASE
	(513) 534-8424	July 21, 2015
	Larry Magnesen (Media)
	(513) 534-8055

FIFTH THIRD ANNOUNCES SECOND QUARTER 2015 NET INCOME TO COMMON SHAREHOLDERS OF $292 MILLION, OR $0.36 PER DILUTED SHARE

• 2Q15 net income available to common shareholders of $292 million, or $0.36 per diluted common share

• Includes a $97 million pre-tax (~$63 million after tax) non-cash impairment charge related to previously announced changes in the branch network and a $14 million pre-tax (~$9 million after tax) positive valuation adjustment on the warrant Fifth Third holds in Vantiv, resulting in a net $0.07 impact on earnings per share

• 2Q15 return on average assets (ROA) of 0.90%; return on average common equity of 8.1%; return on average tangible common equity** of 9.70%

• Pre-provision net revenue (PPNR)** of $496 million in 2Q15

• Net interest income (FTE) of $892 million, up 5 percent sequentially and down 1 percent from 2Q14; net interest margin of 2.90%, up 4 basis points sequentially

• Average portfolio loans of $92.2 billion, up $1.7 billion sequentially and up $1.6 billion from 2Q14; both increases primarily driven by increases in C&I loans

• Noninterest income of $556 million compared with $630 million in the prior quarter; impacted by the impairment charge related to announced changes in the branch network in the current quarter, increased corporate banking revenue and mortgage banking net revenue, and valuations on the Vantiv warrant in both quarters; prior quarter comparisons were also impacted by the gain on sale of residential mortgage TDRs and the impairment associated with aircraft leases in 1Q15

• Noninterest expense of $947 million, up 3 percent from prior quarter primarily driven by higher incentive-based compensation expenses, partially offset by seasonally lower benefits expense; prior quarter comparisons were also impacted by the benefit from a settlement of a tax liability related to prior years recognized in 1Q15

• Credit trends

• Net charge-offs declined 15 percent year-over-year; 2Q15 net charge-offs of $86 million (0.37% of loans and leases) vs. 1Q15 NCOs of $91 million (0.41% of loans and leases) and 2Q14 NCOs of $101 million (0.45% of loans and leases)

• Portfolio NPA ratio of 0.67% down 9 bps from 1Q15, NPL ratio of 0.51% down 6 bps from 1Q15; total nonperforming assets (NPAs) of $627 million, including loans held-for-sale (HFS), declined $66 million sequentially

• 2Q15 provision expense of $79 million; $69 million in 1Q15 and $76 million in 2Q14

• Strong capital ratios*

• Common equity Tier 1 (CET1) ratio 9.41%; fully phased-in CET1 ratio of 9.3%

• Tier 1 risk-based capital ratio 10.49%, Total risk-based capital ratio 13.67%, Leverage ratio 9.44%

• Tangible common equity ratio** of 8.51%; 8.33% excluding securities portfolio unrealized gains/losses

• 8 million reduction in average diluted share count

• Book value per share of $17.62 down 1 percent from 1Q15 and up 5 percent from 2Q14; tangible book value per share** of $14.62

* Capital ratios estimated; presented under current U.S. capital regulations.

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

Fifth Third Bancorp (Nasdaq: FITB) today reported second quarter 2015 net income of $315 million versus net income of $361 million in the first quarter of 2015 and $439 million in the second quarter of 2014. After preferred dividends, net income available to common shareholders was $292 million, or $0.36 per diluted share, in the second quarter of 2015, compared with $346 million, or $0.42 per diluted share, in the first quarter of 2015, and $416 million, or $0.49 per diluted share, in the second quarter of 2014.

Second quarter 2015 included:

Income

• $14 million positive valuation adjustment on the Vantiv warrant

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

• ($97 million) non-cash impairment charge related to previously announced changes in the branch network

First quarter 2015 included:

Income

• $70 million positive valuation adjustment on the Vantiv warrant

• $37 million gain on the sale of residential mortgage loans classified as troubled debt restructurings

• ($17 million) charge related to the valuation of the Visa total return swap

• ($30 million) impairment associated with aircraft leases

Second quarter 2014 included:

Income

• $125 million gain on the sale of Vantiv shares

• $63 million positive valuation adjustment on the Vantiv warrant

• ($17 million) negative valuation adjustments for branches and land

• ($16 million) charge related to the valuation of the Visa total return swap

• ($12 million) negative impact to the equity method income from the Bancorp’s interest in Vantiv related to certain charges recognized by Vantiv as a result of their acquisition of Mercury Payment Systems

Expenses

• ($61 million) in litigation reserve charges

2

Earnings Highlights

	For the Three Months Ended															% Change
	June 2015			March 2015			December 2014			September 2014			June 2014			Seq			Yr/Yr
Earnings ($ in millions)
Net income attributable to Bancorp	$	315		$	361		$	385		$	340		$	439			(13	%)		(28	%)
Net income available to common shareholders	$	292		$	346		$	362		$	328		$	416			(16	%)		(30	%)
Common Share Data
Earnings per share, basic		0.36			0.42			0.44			0.39			0.49			(14	%)		(27	%)
Earnings per share, diluted		0.36			0.42			0.43			0.39			0.49			(14	%)		(27	%)
Cash dividends per common share		0.13			0.13			0.13			0.13			0.13			—			—
Financial Ratios
Return on average assets		0.90	%		1.06	%		1.13	%		1.02	%		1.34	%		(15	%)		(33	%)
Return on average common equity		8.1			9.7			10.0			9.2			11.9			(16	%)		(32	%)
Return on average tangible common equity(b)		9.7			11.7			12.1			11.1			14.4			(17	%)		(33	%)
CET1 capital(c)		9.41			9.52			N/A			N/A			N/A			(1	%)		N/A
Tier I risk-based capital(c)		10.49			10.62			10.83			10.83			10.80			(1	%)		(3	%)
Tier I common equity(b)		N/A			N/A			9.65			9.64			9.61			N/A			N/A
CET1 capital (fully-phased in)(b)(c)		9.30			9.41			N/A			N/A			N/A			(1	%)		N/A
Net interest margin(a)		2.90			2.86			2.96			3.10			3.15			1	%		(8	%)
Efficiency(a)		65.4			62.3			59.6			62.1			58.2			5	%		12	%
Common shares outstanding (in thousands)		810,054			815,190			824,047			834,262			844,489			(1	%)		(4	%)
Average common shares outstanding (in thousands):
Basic		803,965			810,210			819,057			829,392			838,492			(1	%)		(4	%)
Diluted		812,843			818,672			827,831			838,324			848,245			(1	%)		(4	%)

(a) Presented on a fully taxable equivalent basis.

(b) These 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.

(c) Under the banking agencies’ Basel III Final Rule, assets and credit equivalent amounts of off-balance sheet exposures are calculated according to the standardized approach for risk-weighted assets. The resulting values are added together resulting in the Bancorp’s total risk-weighted assets used in the calculation of the tier I risk-based capital and common equity tier 1 ratios beginning January 1, 2015. Current period regulatory capital ratios are estimated.

NA: Not applicable.

“We are very pleased with our core business trends. The strategic and tactical decisions that we have made over the past year are producing the intended results, and reflect our focus on revenue generation and balance sheet management in this low rate environment. Net interest income was up 5 percent sequentially, reflecting solid growth in our commercial business, particularly in C&I lending, which was up 3 percent sequentially. Core deposits were up 8 percent over last year and crossed $100 billion for the first time in our history, which contributed to our core funding ratio of 108% in the quarter,” said Kevin Kabat, CEO of Fifth Third Bancorp. “Credit performance metrics continue to reflect the underlying positive trends in our portfolio as net charge-offs declined to 37 basis points and non-performing assets improved to 67 basis points. Our balance sheet is not only positioned to generate good returns in this environment, but also in the upcoming rate cycle that we expect to operate in once the Fed decides to raise short-term rates.”

3

“Fee income results for the quarter showed sequential growth, highlighted by corporate banking revenue growth of 79 percent, and mortgage banking revenue up 36 percent. Expenses were in line with our expectations and reflected our investment in our business as we continue to make adjustments to the company in the current operating environment and the heightened focus on risk and compliance infrastructure,” added Kabat.

“While we are very focused on our current operating results we continue to take long-term strategic actions to maximize our company’s performance in the changing banking environment. Our decision to close approximately 105 branches not only shows our management team’s intense focus on expense management, but also aligns our customer service quality and product delivery strategies with our customers’ preferences,” said Greg Carmichael, who will become the Chief Executive Officer in November. “I am very excited to have the opportunity to lead this great company and continue Kevin’s successful track record in building long-term shareholder value. Our industry is undergoing important fundamental changes and my goal is to maintain the momentum that we have in our core businesses as I look to achieve our revenue growth targets and look for further opportunities to improve operational efficiencies.”

Income Statement Highlights

	For the Three Months Ended											% Change
	June 2015			March 2015		December 2014		September 2014		June 2014		Seq			Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	892		$	852	$	888	$	908	$	905		5	%		(1	%)
Provision for loan and lease losses		79			69		99		71		76		14	%		4	%
Total noninterest income		556			630		653		520		736		(12	%)		(24	%)
Total noninterest expense		947			923		918		888		954		3	%		(1	%)
Income before income taxes (taxable equivalent)		422			490		524		469		611		(14	%)		(31	%)
Taxable equivalent adjustment		5			5		5		5		5		—			—
Applicable income taxes		108			124		134		124		167		(13	%)		(35	%)
Net income		309			361		385		340		439		(14	%)		(30	%)
Less: Net income attributable to noncontrolling interests		(6	)		—		—		—		—		(100	%)		(100	%)
Net income attributable to Bancorp		315			361		385		340		439		(13	%)		(28	%)
Dividends on preferred stock		23			15		23		12		23		53	%		—
Net income available to common shareholders		292			346		362		328		416		(16	%)		(30	%)
Earnings per share, diluted	$	0.36		$	0.42	$	0.43	$	0.39	$	0.49		(14	%)		(27	%)

4

Net Interest Income

	For the Three Months Ended															% Change
	June 2015			March 2015			December 2014			September 2014			June 2014			Seq			Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,008		$	975		$	1,016		$	1,023		$	1,013			3	%		—
Total interest expense		116			123			128			115			108			(6	%)		7	%
Net interest income (taxable equivalent)	$	892		$	852		$	888		$	908		$	905			5	%		(1	%)
Average Yield
Yield on interest-earning assets (taxable equivalent)		3.28	%		3.28	%		3.38	%		3.49	%		3.53	%		—			(7	%)
Rate paid on interest-bearing liabilities		0.56	%		0.60	%		0.61	%		0.56	%		0.54	%		(7	%)		4	%
Net interest rate spread (taxable equivalent)		2.72	%		2.68	%		2.77	%		2.93	%		2.99	%		1	%		(9	%)
Net interest margin (taxable equivalent)		2.90	%		2.86	%		2.96	%		3.10	%		3.15	%		1	%		(8	%)
Average Balances ($ in millions)
Loans and leases, including held for sale	$	92,739		$	91,659		$	91,581		$	91,428		$	91,241			1	%		2	%
Total securities and other short-term investments		30,563			29,038			27,604			24,927			23,940			5	%		28	%
Total interest-earning assets		123,302			120,697			119,185			116,355			115,181			2	%		7	%
Total interest-bearing liabilities		83,512			83,339			82,544			81,157			80,770			—			3	%
Bancorp shareholders’ equity		15,841			15,820			15,644			15,486			15,157			—			5	%

Net interest income of $892 million on a fully taxable equivalent basis increased $40 million from the first quarter, driven by earning asset growth and lower deposit costs. Additionally, net interest income was positively impacted by $7 million due to an extra day in the quarter. These benefits were partially offset by continued repricing in our loan portfolio and the effect of the TDR sale in the first quarter of 2015.

The net interest margin was 2.90 percent, an increase of 4 bps from the previous quarter primarily driven by a 6 basis point benefit due to deployment of cash balances into investment securities, 3 basis points due to better funding rates including the continued rationalization of deposit rates, partially offset by 4 basis points of loan yield compression and a 1 basis point decrease primarily due to day count.

Compared with the second quarter of 2014, net interest income decreased $13 million and the net interest margin decreased 25 bps. The decline in net interest income was driven by the impact of changes to the Bancorp’s deposit advance product that were effective January 1, 2015, higher interest expense due to increased long-term debt balances, as well as continued loan repricing, partially offset by the impact of higher investment securities balances. The decline in the net interest margin from the prior year was primarily driven by the impact of the changes to the deposit advance product and loan repricing.

Securities

Average securities and other short-term investments were $30.6 billion in the second quarter of 2015 compared with $29.0 billion in the previous quarter and $23.9 billion in the second quarter of 2014. Other short-term investments average balances of $3.2 billion decreased $2.7 billion sequentially reflecting lower cash balances held at the Federal Reserve. On an end of period basis, securities balances of $28.5 billion increased $1.5 billion driven by purchases of securities that were funded with cash balances at the Federal Reserve held in other short-term investments.

5

Loans

	For the Three Months Ended										% Change
	June 2015		March 2015		December 2014		September 2014		June 2014		Seq			Yr/Yr
Average Portfolio Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	42,550	$	41,426	$	41,277	$	41,477	$	41,374		3	%		3	%
Commercial mortgage loans		7,148		7,241		7,480		7,633		7,885		(1	%)		(9	%)
Commercial construction loans		2,549		2,197		1,909		1,563		1,362		16	%		87	%
Commercial leases		3,776		3,715		3,600		3,571		3,555		2	%		6	%
Subtotal—commercial loans and leases		56,023		54,579		54,266		54,244		54,176		3	%		3	%
Consumer:
Residential mortgage loans		12,831		12,433		13,046		12,785		12,611		3	%		2	%
Home equity		8,654		8,802		8,937		9,009		9,101		(2	%)		(5	%)
Automobile loans		11,902		11,933		12,073		12,105		12,070		—			(1	%)
Credit card		2,296		2,321		2,324		2,295		2,232		(1	%)		3	%
Other consumer loans and leases		467		440		395		361		359		6	%		30	%
Subtotal—consumer loans and leases		36,150		35,929		36,775		36,555		36,373		1	%		(1	%)
Total average loans and leases (excluding held for sale)	$	92,173	$	90,508	$	91,041	$	90,799	$	90,549		2	%		2	%
Average loans held for sale		566		1,151		540		629		692		(51	%)		(18	%)

Average loan and lease balances (excluding loans held-for-sale) increased $1.7 billion, or 2 percent, sequentially and increased $1.6 billion, or 2 percent, from the second quarter of 2014. The sequential and prior year increases in average loans and leases were driven by increased commercial and industrial (C&I), commercial construction, and residential mortgage balances, partially offset by decreased home equity balances. Period end loans and leases (excluding loans held-for-sale) of $92.7 billion increased $1.5 billion, or 2 percent, sequentially and increased $2.2 billion, or 2 percent, from a year ago.

Average commercial portfolio loan and lease balances increased $1.4 billion, or 3 percent, sequentially and increased $1.8 billion, or 3 percent, from the second quarter of 2014. Average C&I loans increased $1.1 billion from the prior quarter and increased $1.2 billion from the second quarter of 2014. Within commercial real estate, average commercial mortgage balances continued to decline and average commercial construction balances increased due to continued focus on that business. Commercial line usage, on an end of period basis, was 33 percent of committed lines in the second quarter of 2015 compared with 32 percent in the first quarter of 2015 and 32 percent in the second quarter of 2014.

Average consumer portfolio loan and lease balances increased $221 million, or 1 percent, sequentially and decreased $223 million, or 1 percent, year-over-year. Average residential mortgage loans increased 3 percent sequentially and 2 percent from a year ago. Average auto loans were flat sequentially and down 1 percent from the previous year. Average home equity loans declined 2 percent sequentially and 5 percent from the second quarter of 2014. Average credit card loans decreased 1 percent sequentially and increased 3 percent from the second quarter of 2014.

6

Average loans held-for-sale balances of $566 million decreased $585 million sequentially primarily due to the full quarter impact from the sale of certain residential mortgage loans classified as troubled debt restructurings sold in the first quarter and decreased $126 million compared with the second quarter of 2014. Period end loans held-for-sale of $995 million increased $271 million from the previous quarter and $313 million from the second quarter of 2014.

Deposits

	For the Three Months Ended										% Change
	June 2015		March 2015		December 2014		September 2014		June 2014		Seq			Yr/Yr
Average Deposits ($ in millions)
Demand	$	35,384	$	33,760	$	33,301	$	31,790	$	31,275		5	%		13	%
Interest checking		26,894		26,885		25,478		24,926		25,222		—			7	%
Savings		15,156		15,174		15,173		15,759		16,509		—			(8	%)
Money market		18,071		17,492		17,023		15,222		13,942		3	%		30	%
Foreign office(a)		955		861		1,439		1,663		2,200		11	%		(57	%)
Subtotal—Transaction deposits		96,460		94,172		92,414		89,360		89,148		2	%		8	%
Other time		4,074		4,022		3,936		3,800		3,693		1	%		10	%
Subtotal—Core deposits		100,534		98,194		96,350		93,160		92,841		2	%		8	%
Certificates—$100,000 and over		2,558		2,683		2,998		3,339		3,840		(5	%)		(33	%)
Total deposits	$	103,092	$	100,877	$	99,348	$	96,499	$	96,681		2	%		7	%

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

Average core deposits increased $2.3 billion, or 2 percent, sequentially and increased $7.7 billion, or 8 percent, from the second quarter of 2014. Average transaction deposits increased $2.3 billion, or 2 percent, from the first quarter of 2015 primarily driven by higher demand deposit and money market account balances. Year-over-year transaction deposits increased $7.3 billion, or 8 percent, driven by higher money market account, demand deposit, and interest checking balances, partially offset by lower savings and foreign office balances. Other time deposits increased 1 percent sequentially and 10 percent compared with the second quarter of 2014.

Average commercial transaction deposits increased 4 percent sequentially and 12 percent from the previous year. Sequential performance was primarily driven by higher demand and money market account balances. Year-over-year growth reflected higher demand deposit, interest checking, and money market balances, partially offset by lower foreign office balances.

Average consumer transaction deposits increased 1 percent sequentially and increased 5 percent from the second quarter of 2014. The sequential performance reflected higher demand deposit balances. Year-over-year growth was driven by increased money market account balances, partially offset by lower savings balances.

7

Wholesale Funding

	For the Three Months Ended										% Change
	June 2015		March 2015		December 2014		September 2014		June 2014		Seq			Yr/Yr
Average Wholesale Funding ($ in millions)
Certificates—$100,000 and over	$	2,558	$	2,683	$	2,998	$	3,339	$	3,840		(5	%)		(33	%)
Federal funds purchased		326		172		161		520		606		90	%		(46	%)
Other short-term borrowings		1,705		1,602		1,481		1,973		2,234		6	%		(24	%)
Long-term debt		13,773		14,448		14,855		13,955		12,524		(5	%)		10	%
Total wholesale funding	$	18,362	$	18,905	$	19,495	$	19,787	$	19,204		(3	%)		(4	%)

Average wholesale funding of $18.4 billion decreased $543 million, or 3 percent, sequentially and decreased $842 million, or 4 percent, compared with the second quarter of 2014. The sequential decrease was driven by a decline in long-term debt due to pay-downs from securitizations and the maturation of $500 million of bank-level subordinated debt in the middle of the first quarter, as well as a decrease in certificates $100,000 and over, partially offset by an increase in short-term borrowings. The year-over-year decrease in average wholesale funding reflected an increase in long-term debt due to issuances during 2014, partially offset by a decrease in certificates $100,000 and over and short-term borrowings.

Noninterest Income

	For the Three Months Ended										% Change
	June 2015		March 2015		December 2014		September 2014		June 2014		Seq			Yr/Yr
Noninterest Income ($ in millions)
Service charges on deposits	$	139	$	135	$	142	$	145	$	139		3	%		—
Corporate banking revenue		113		63		120		100		107		79	%		6	%
Mortgage banking net revenue		117		86		61		61		78		36	%		50	%
Investment advisory revenue		105		108		100		103		102		(3	%)		3	%
Card and processing revenue		77		71		76		75		76		8	%		1	%
Other noninterest income		1		163		150		33		226		(99	%)		(100	%)
Securities gains, net		4		4		4		3		8		—			(50	%)
Total noninterest income	$	556	$	630	$	653	$	520	$	736		(12	%)		(24	%)

Noninterest income of $556 million decreased $74 million sequentially and decreased $180 million compared with prior year results. The second quarter of 2015 included a $97 million non-cash impairment charge related to previously announced changes in the branch network, which was slightly higher than the original estimate due to the receipt of updated third party appraisals and the inclusion of five additional branches. These actions are expected to be complete by mid-2016, and the expected annualized reduction in operating expenses associated with these actions is now expected to be $65 million, higher by $5 million as a result of the additions. In addition to the impairment, the sequential and year-over-year comparisons also reflect the impacts described below.

8

Noninterest Income excluding certain items

	For the Three Months Ended									% Change
	June 2015			March 2015			June 2014			Seq			Yr/Yr
Noninterest income (as reported)	$	556		$	630		$	736
Vantiv warrant valuation		(14	)		(70	)		(63	)
Valuation of Visa total return swap		2			17			16
Branch / land valuation adjustments		97			—			17
Gain on sale of TDRs		—			(37	)		—
Impairment from aircraft leases		—			30			—
Gain on sale of Vantiv shares		—			—			(125	)
Other Vantiv-related items		—			—			12
Securities (gains) / losses		(4	)		(4	)		(8	)
Noninterest income excluding certain items	$	637		$	566		$	585			13	%		9	%

Excluding the items in the table above, noninterest income of $637 million increased $71 million, or 13 percent, from the previous quarter and increased $52 million, or 9 percent, from the second quarter of 2014. The sequential increase was primarily due to increases in corporate banking revenue and mortgage banking net revenue. The year-over-year increase was primarily due to higher mortgage banking net revenue.

Service charges on deposits of $139 million increased 3 percent from the first quarter and were flat compared with the same quarter last year. The sequential increase was due to a 5 percent increase in retail service charges due to higher overdraft occurrences as well as a 1 percent increase in commercial service charges.

Corporate banking revenue of $113 million increased $50 million from the first quarter of 2015 and increased $6 million from the second quarter of 2014. First quarter of 2015 results included a $30 million impairment associated with aircraft leases and excluding this charge, the sequential increase was primarily due to improvement in institutional sales revenue and higher syndication fees. The year-over-year increase was driven by higher institutional sales revenue and business lending fees, partially offset by lower syndication fees.

Mortgage banking net revenue was $117 million in the second quarter of 2015, up 36 percent from the first quarter of 2015 and up 50 percent from the second quarter of 2014. Second quarter 2015 originations were seasonally strong at $2.5 billion, compared with $1.8 billion in the previous quarter and $2.0 billion in the second quarter of 2014. Second quarter 2015 originations resulted in gains of $43 million on mortgages sold, compared with gains of $44 million during the previous quarter and $42 million during the second quarter of 2014. Mortgage servicing fees were $56 million this quarter, $59 million in the first quarter of 2015, and $62 million in the second quarter of 2014. 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 $18 million in the second quarter of 2015 (reflecting MSR amortization of $39 million and MSR valuation adjustments of positive $57 million); negative $17 million in the first quarter of 2015 (MSR amortization of $34 million and MSR valuation adjustments of positive $17 million); and negative $26 million in the second quarter of 2014 (MSR amortization of $32 million and MSR valuation adjustments of positive $6 million). The mortgage servicing asset, net of the valuation reserve, was $854 million at quarter end on a servicing portfolio of $62 billion.

9

Investment advisory revenue of $105 million decreased 3 percent from the first quarter and increased 3 percent year-over-year. The sequential decrease was attributable to seasonally lower tax-related private client services revenue, partially offset by an increase in securities and brokerage fees due to a continued shift from transaction-based fees to recurring revenue streams. The year-over-year increase reflected an increase in securities and brokerage fees and an increase in personal asset management fees due to market-related growth.

Card and processing revenue of $77 million in the second quarter of 2015 increased 8 percent sequentially and increased 1 percent from the second quarter of 2014. The sequential increase reflected higher transaction volumes compared with seasonally weak first quarter volumes. The year-over-year increase reflects an increase in the number of actively used cards and an increase in customer spend volume.

Other noninterest income totaled $1 million in the second quarter of 2015, compared with $163 million in the previous quarter and $226 million in the second quarter of 2014. As previously described, the results included the adjustments in the table above with the exception of securities gains in all comparable periods and the impairment of aircraft leases in the first quarter of 2015, which is recorded in corporate banking revenue. Excluding these items, other noninterest income of $86 million increased approximately $13 million, or 18 percent, from the first quarter of 2015 and increased approximately $3 million, or 4 percent, from the second quarter of 2014.

Net gains on investment securities were $4 million in the second quarter of 2015, compared with $4 million in the previous quarter and $8 million in the second quarter of 2014.

Noninterest Expense

	For the Three Months Ended										% Change
	June 2015		March 2015		December 2014		September 2014		June 2014		Seq			Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	383	$	369	$	366	$	357	$	368		4	%		4	%
Employee benefits		78		99		79		75		79		(21	%)		(1	%)
Net occupancy expense		83		79		77		78		79		5	%		5	%
Technology and communications		54		55		54		53		52		(2	%)		4	%
Equipment expense		31		31		30		30		30		—			3	%
Card and processing expense		38		36		36		37		37		6	%		3	%
Other noninterest expense		280		254		276		258		309		10	%		(9	%)
Total noninterest expense	$	947	$	923	$	918	$	888	$	954		3	%		(1	%)

Noninterest expense of $947 million increased 3 percent compared with the first quarter of 2015 and decreased 1 percent compared with the second quarter of 2014. The sequential increase was primarily due to higher incentive-based compensation expenses, partially offset by a decrease in FICA and unemployment tax expense recorded in employee benefits. Additionally, the sequential comparison reflected the first quarter benefit from a settlement of a tax liability related to prior years recorded in other noninterest expense. The year-over-year decrease reflected lower charges to litigation reserves, partially offset by higher compensation expense.

10

Credit Quality

	For the Three Months Ended
	June 2015			March 2015			December 2014			September 2014			June 2014
Total net losses charged-off ($ in millions)
Commercial and industrial loans	($	34	)	($	38	)	($	44	)	($	50	)	($	31	)
Commercial mortgage loans		(11	)		(1	)		(10	)		(5	)		(9	)
Commercial construction loans		—			—			—			—			(8	)
Commercial leases		—			—			(1	)		—			—
Residential mortgage loans		(5	)		(6	)		(94	)		(9	)		(8	)
Home equity		(9	)		(14	)		(11	)		(14	)		(18	)
Automobile loans		(4	)		(8	)		(7	)		(7	)		(5	)
Credit card		(21	)		(21	)		(20	)		(23	)		(21	)
Other consumer loans and leases		(2	)		(3	)		(4	)		(7	)		(1	)
Total net losses charged-off		(86	)		(91	)		(191	)		(115	)		(101	)
Total losses		(112	)		(115	)		(215	)		(146	)		(127	)
Total recoveries		26			24			24			31			26
Total net losses charged-off	($	86	)	($	91	)	($	191	)	($	115	)	($	101	)
Ratios (annualized)
Net losses charged-off as a percent of average loans and leases (excluding held for sale)		0.37	%		0.41	%		0.83	%		0.50	%		0.45	%
Commercial		0.32	%		0.29	%		0.40	%		0.40	%		0.35	%
Consumer		0.46	%		0.59	%		1.47	%		0.66	%		0.60	%

Net charge-offs were $86 million, or 37 bps of average loans on an annualized basis, in the second quarter of 2015 compared with net charge-offs of $91 million, or 41 bps, in the first quarter of 2015 and $101 million, or 45 bps, in the second quarter of 2014.

Commercial net charge-offs were $45 million, or 32 bps, and were up $6 million sequentially. C&I net charge-offs of $34 million decreased $4 million from the previous quarter and commercial real estate net charge-offs increased $10 million from the previous quarter.

Consumer net charge-offs were $41 million, or 46 bps, down $11 million sequentially. Net charge-offs on residential mortgage loans in the portfolio were $5 million, down $1 million from the previous quarter. Home equity net charge-offs were $9 million, down $5 million from the first quarter of 2015, and net charge-offs in the auto portfolio of $4 million were down $4 million compared with the prior quarter. Net charge-offs on consumer credit card loans were $21 million, flat from the first quarter. Net charge-offs on other consumer loans were $2 million, down $1 million compared with the previous quarter.

11

	For the Three Months Ended
	June 2015			March 2015			December 2014			September 2014			June 2014
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	1,300		$	1,322		$	1,414		$	1,458		$	1,483
Total net losses charged-off		(86	)		(91	)		(191	)		(115	)		(101	)
Provision for loan and lease losses		79			69			99			71			76
Allowance for loan and lease losses, ending		1,293			1,300			1,322			1,414			1,458
Reserve for unfunded commitments, beginning		130			135			134			142			153
Provision (benefit) for unfunded commitments		2			(4	)		1			(8	)		(11	)
Charge-offs		—			(1	)		—			—			—
Reserve for unfunded commitments, ending		132			130			135			134			142
Components of allowance for credit losses:
Allowance for loan and lease losses		1,293			1,300			1,322			1,414			1,458
Reserve for unfunded commitments		132			130			135			134			142
Total allowance for credit losses	$	1,425		$	1,430		$	1,457		$	1,548		$	1,600
Allowance for loan and lease losses ratio
As a percent of portfolio loans and leases		1.39	%		1.42	%		1.47	%		1.56	%		1.61	%
As a percent of nonperforming loans and leases(a)		272	%		247	%		228	%		228	%		228	%
As a percent of nonperforming assets(a)		206	%		188	%		178	%		178	%		175	%

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

Provision for loan and lease losses totaled $79 million in the second quarter of 2015 and increased $10 million from the first quarter of 2015 and increased $3 million from the second quarter of 2014. The allowance for loan and lease losses declined $7 million sequentially reflecting the portfolio’s overall risk profile and charges to the allowance. The allowance represented 1.39 percent of total portfolio loans and leases outstanding as of quarter end, compared with 1.42 percent last quarter, and represented 272 percent of nonperforming loans and leases, and 206 percent of nonperforming assets.

12

	As of
	June 2015			March 2015			December 2014			September 2014			June 2014
Nonperforming Assets and Delinquent Loans ($ in millions)
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	61		$	61		$	86		$	102		$	103
Commercial mortgage loans		49			57			64			77			86
Commercial construction loans		—			—			—			2			3
Commercial leases		2			2			3			3			2
Residential mortgage loans		35			40			44			52			56
Home equity		70			71			72			69			73
Total nonaccrual portfolio loans and leases (excludes restructured loans)	$	217		$	231		$	269		$	305		$	323
Restructured loans—commercial (nonaccrual)(c)		175			205			214			201			202
Restructured loans—consumer (nonaccrual)		83			90			96			114			115
Total nonaccrual portfolio loans and leases	$	475		$	526		$	579		$	620		$	640
Repossessed personal property		16			20			18			19			18
OREO(a)		135			145			147			157			174
Total nonperforming assets(b)	$	626		$	691		$	744		$	796		$	832
Nonaccrual loans held for sale		1			2			24			4			5
Restructured loans—(nonaccrual) held for sale		—			—			15			3			—
Total nonperforming assets including loans held for sale	$	627		$	693		$	783		$	803		$	837
Restructured Consumer loans and leases (accrual)	$	970		$	943		$	905		$	1,610		$	1,623
Restructured Commercial loans and leases (accrual)(c)	$	769		$	774		$	844		$	885		$	914
Total loans and leases 90 days past due	$	70		$	78		$	87		$	87		$	94
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including OREO(b)		0.51	%		0.57	%		0.64	%		0.68	%		0.70	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(b)		0.67	%		0.76	%		0.82	%		0.88	%		0.92	%

(a) Excludes OREO related to government insured loans. The Bancorp has historically excluded government guaranteed loans classified in OREO from its nonperforming asset disclosures. Upon the prospective adoption on January 1, 2015 of ASU 2014-14 “Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure,” government guaranteed loans meeting certain criteria will be reclassified to other receivables rather than OREO upon foreclosure.

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

(c) Excludes $21 million of restructured nonaccrual loans and $7 million of restructured accruing loans as of June 30, 2015, March 31, 2015, December 31, 2014, September 30, 2014 and June 30, 2014.

Total nonperforming assets, including loans held-for-sale, were $627 million, a decline of $66 million, or 10 percent, from the previous quarter. Nonperforming loans (NPLs) at quarter-end were $475 million or 0.51 percent of total loans, leases and OREO, and decreased $51 million, or 10 percent, from the previous quarter.

Commercial NPAs were $376 million, or 0.66 percent of commercial loans, leases and OREO, and decreased $45 million, or 11 percent, from the first quarter. Commercial NPLs were $287 million, or 0.51 percent of commercial loans and leases, and decreased $38 million from last quarter. C&I NPAs of $193 million decreased $23 million from the prior quarter. Commercial mortgage NPAs were $166 million, down $20 million from the previous quarter. Commercial construction NPAs were $14 million, down $2 million from the previous quarter. Commercial lease NPAs were $3 million, flat from the previous quarter. Commercial NPAs included $175 million of nonaccrual troubled debt restructurings (TDRs), compared with $205 million last quarter.

13

Consumer NPAs of $250 million, or 0.69 percent of consumer loans, leases and OREO, decreased $20 million from the first quarter. Consumer NPLs were $188 million, or 0.52 percent of consumer loans and leases and decreased $13 million from last quarter. Residential mortgage NPAs were $101 million, $12 million lower than last quarter. Home equity NPAs of $106 million decreased $5 million sequentially and credit card NPAs of $36 million were down $2 million compared with the previous quarter. Consumer nonaccrual TDRs were $83 million in the second quarter of 2015, compared with $90 million in the first quarter of 2015.

Second quarter OREO balances included in NPA balances were $135 million, down $10 million from the first quarter, and included $78 million in commercial OREO and $57 million in consumer OREO. Repossessed personal property of $16 million decreased $4 million from the prior quarter.

Loans over 90 days past due and still accruing were $70 million, down $8 million from the first quarter of 2015. Commercial balances over 90 days past due were $2 million compared with $3 million in the prior quarter, and consumer balances 90 days past due of $68 million were down $7 million from the previous quarter. Loans 30-89 days past due of $213 million were up $10 million from the previous quarter. Commercial balances 30-89 days past due of $24 million were down $1 million sequentially and consumer balances 30-89 days past due of $189 million increased $11 million from the first quarter. The above delinquencies figures exclude nonaccruals described previously.

14

Capital Position

	For the Three Months Ended
	June 2015			March 2015			December 2014			September 2014			June 2014
Capital Position
Average shareholders’ equity to average assets		11.32	%		11.49	%		11.54	%		11.71	%		11.57	%
Tangible equity(a)		9.28	%		9.37	%		9.41	%		9.65	%		9.77	%
Tangible common equity (excluding unrealized gains/losses)(a)		8.33	%		8.40	%		8.43	%		8.64	%		8.74	%
Tangible common equity (including unrealized gains/losses)(a)		8.51	%		8.77	%		8.71	%		8.84	%		9.00	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses)		9.38	%(b)		9.49	%(b)		9.70	%(d)		9.70	%(d)		9.67	%(d)
	Basel III Transitional(c)			Basel I(d)
Regulatory capital ratios:
CET1 capital		9.41	%(b)		9.52	%(b)		N/A			N/A			N/A
Tier I risk-based capital		10.49	%(b)		10.62	%(b)		10.83	%		10.83	%		10.80	%
Total risk-based capital		13.67	%(b)		14.01	%(b)		14.33	%		14.34	%		14.30	%
Tier I leverage		9.44	%		9.59	%		9.66	%		9.82	%		9.86	%
Tier I common equity		N/A			N/A			9.65	%(a)		9.64	%(a)		9.61	%(a)
CET1 capital (fully-phased in)		9.30	(a)(b)		9.41	(a)(b)		N/A			N/A			N/A
Book value per share		17.62			17.83			17.35			16.87			16.74
Tangible book value per share(a)		14.62			14.85			14.40			13.95			13.86

(a) These 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 Basel III Final Rule, assets and credit equivalent amounts of off-balance sheet exposures are calculated based upon the standardized approach for risk-weighted assets. The resulting values are added together resulting in the Bancorp’s total risk-weighted assets.

(c) Current period regulatory capital ratios are estimated.

(d) These capital ratios were calculated under the Supervisory Agencies general risk-based capital rules (Basel I) which was in effect prior to January 1, 2015.

Capital ratios remained strong during the quarter, reflecting growth in retained earnings, the payment of preferred dividends, and share repurchase activity. The common equity Tier 1 ratio was 9.41 percent, the tangible common equity to tangible assets ratio* was 8.33 percent (excluding unrealized gains/losses), and 8.51 percent (including unrealized gains/losses). The Tier 1 risk-based capital ratio was 10.49 percent, the total risk-based capital ratio was 13.67 percent, and the Leverage ratio was 9.44 percent.

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

15

Book value per share at June 30, 2015 was $17.62 and tangible book value per share* was $14.62, compared with the March 31, 2015 book value per share of $17.83 and tangible book value per share* of $14.85.

As previously announced, Fifth Third entered into a share repurchase agreement with a counterparty on April 27, 2015, whereby Fifth Third would purchase approximately $155 million of its outstanding common stock. This transaction reduced Fifth Third’s second quarter share count by 6.7 million shares on April 30, 2015. Settlement of the forward contract related to this agreement is expected to occur on or before July 28, 2015. In addition, the settlement of the forward contract related to the January 22, 2015 $180 million share repurchase agreement occurred on April 23, 2015. An additional 1.1 million shares were repurchased upon completion of the agreement. In total, the incremental impact to the average diluted share count in the second quarter of 2015 was approximately 7.96 million shares due to share repurchase transactions in the second quarter and first quarter of 2015.

Tax Rate

The effective tax rate was 26.1 percent this quarter compared with 25.6 percent in the first quarter of 2015 and 27.6 percent in the second quarter of 2014.

Other

Fifth Third Bank owns 43 million units representing a 22.8 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 $38.19 on June 30, 2015, our interest in Vantiv was valued at approximately $1.6 billion. Next month in our 10-Q, we will update our disclosure of the carrying value of our interest in Vantiv stock, which was $402 million as of March 31, 2015. 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 $500 million as of June 30, 2015.

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”). 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 two hours after the conference call until Tuesday, August 4, 2015 by dialing 800-585-8367 for domestic access or 404-537-3406 for international access (passcode 57890508#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of June 30, 2015, the Company had $142 billion in assets and operated 15 affiliates with 1,299 full-service Banking Centers, including 101 Bank Mart^® locations, most open seven days a week, inside select grocery stores and 2,630 ATMs in Ohio, Kentucky, Indiana,

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

16

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 22.8% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2015, had $304 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 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,” “anticipates,” “potential,” “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 as updated from time to time by our Quarterly Reports on Form 10-Q. 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 is a risk that additional information may arise during the company’s close process or as a result of subsequent events that would require the company to make adjustments to the financial information contained herein.

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 and adequate sources of funding and liquidity 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) difficulties in separating the operations of any branches or other assets divested; (23) inability to achieve expected benefits from branch consolidations and planned sales within desired timeframes, if at all; (24) ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; and (25) 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.

# # #

17

Quarterly Financial Review for June 30, 2015

Table of Contents

Financial Highlights	19-20
Consolidated Statements of Income	21
Consolidated Statements of Income (Taxable Equivalent)	22
Consolidated Balance Sheets	23-24
Consolidated Statements of Changes in Equity	25
Average Balance Sheet and Yield Analysis	26-28
Summary of Loans and Leases	29
Regulatory Capital	30
Summary of Credit Loss Experience	31
Asset Quality	32
Regulation G Non-GAAP Reconciliation	33
Segment Presentation	34

18

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended									% Change						Year to Date						% Change
	June 2015			March 2015			June 2014			Seq			Yr/Yr			June 2015			June 2014			Yr/Yr
Income Statement Data
Net interest income(a)	$	892		$	852		$	905			5	%		(1	%)	$	1,744		$	1,803			(3	%)
Noninterest income		556			630			736			(12	%)		(24	%)		1,187			1,300			(9	%)
Total revenue(a)		1,448			1,482			1,641			(2	%)		(12	%)		2,931			3,103			(6	%)
Provision for loan and lease losses		79			69			76			14	%		4	%		148			146			1	%
Noninterest expense		947			923			954			3	%		(1	%)		1,871			1,903			(2	%)
Net income attributable to Bancorp		315			361			439			(13	%)		(28	%)		676			756			(11	%)
Net income available to common shareholders		292			346			416			(16	%)		(30	%)		638			724			(12	%)
Common Share Data
Earnings per share, basic	$	0.36		$	0.42		$	0.49			(14	%)		(27	%)	$	0.78		$	0.85			(8	%)
Earnings per share, diluted		0.36			0.42			0.49			(14	%)		(27	%)		0.77			0.84			(8	%)
Cash dividends per common share		0.13			0.13			0.13			—			—			0.26			0.25			4	%
Book value per share		17.62			17.83			16.74			(1	%)		5	%		17.62			16.74			5	%
Market price per share		20.82			18.85			21.35			10	%		(2	%)		20.82			21.35			(2	%)
Common shares outstanding (in thousands)		810,054			815,190			844,489			(1	%)		(4	%)		810,054			844,489			(4	%)
Average common shares outstanding (in thousands):
Basic		803,965			810,210			838,492			(1	%)		(4	%)		807,070			842,156			(4	%)
Diluted		812,843			818,672			848,245			(1	%)		(4	%)		815,741			853,058			(4	%)
Market capitalization	$	16,865		$	15,366		$	18,030			10	%		(6	%)	$	16,865		$	18,030			(6	%)
Financial Ratios
Return on average assets		0.90	%		1.06	%		1.34	%		(15	%)		(33	%)		0.98	%		1.17	%		(16	%)
Return on average common equity		8.1	%		9.7	%		11.9	%		(16	%)		(32	%)		8.9	%		10.5	%		(15	%)
Return on average tangible common equity(b)(j)		9.7	%		11.7	%		14.4	%		(17	%)		(33	%)		10.7	%		12.7	%		(16	%)
Noninterest income as a percent of total revenue		38	%		43	%		45	%		(12	%)		(16	%)		40	%		42	%		(5	%)
Average Bancorp shareholders’ equity as a percent of average assets		11.32	%		11.49	%		11.57	%		(1	%)		(2	%)		11.40	%		11.55	%		(1	%)
Tangible common equity(c)(d)(j)		8.33	%		8.40	%		8.74	%		(1	%)		(5	%)		8.33	%		8.74	%		(5	%)
Net interest margin(a)		2.90	%		2.86	%		3.15	%		1	%		(8	%)		2.88	%		3.18	%		(9	%)
Efficiency(a)		65.4	%		62.3	%		58.2	%		5	%		12	%		63.8	%		61.4	%		4	%
Effective tax rate		26.1	%		25.6	%		27.6	%		2	%		(5	%)		25.8	%		27.5	%		(6	%)
Credit Quality
Net losses charged-off	$	86		$	91		$	101			(5	%)		(15	%)	$	177		$	270			(34	%)
Net losses charged-off as a percent of average portfolio loans and leases		0.37	%		0.41	%		0.45	%		(10	%)		(18	%)		0.39	%		0.60	%		(35	%)
ALLL as a percent of portfolio loans and leases		1.39	%		1.42	%		1.61	%		(2	%)		(14	%)		1.39	%		1.61	%		(14	%)
Allowance for credit losses as a percent of portfolio loans and leases		1.54	%		1.57	%		1.77	%		(2	%)		(13	%)		1.54	%		1.77	%		(13	%)
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(e)		0.67	%		0.76	%		0.92	%		(12	%)		(27	%)		0.67	%		0.92	%		(27	%)
Average Balances
Loans and leases, including held for sale	$	92,739		$	91,659		$	91,241			1	%		2	%	$	92,202		$	90,742			2	%
Total securities and other short-term investments		30,563			29,038			23,940			5	%		28	%		29,805			23,443			27	%
Total assets		139,992			137,651			130,965			2	%		7	%		138,828			129,953			7	%
Transaction deposits(f)		96,460			94,172			89,148			2	%		8	%		95,322			88,526			8	%
Core deposits(g)		100,534			98,194			92,841			2	%		8	%		99,370			92,181			8	%
Wholesale funding(h)		18,362			18,905			19,204			(3	%)		(4	%)		18,632			18,726			(1	%)
Bancorp shareholders’ equity		15,841			15,820			15,157			—			5	%		15,831			15,011			5	%
Regulatory Capital Ratios(i)	Basel III Transitional						Basel I(l)									Basel III Transitional			Basel I(l)
CET1 capital(k)		9.41	%		9.52	%		N/A			(1	%)		N/A			9.41	%		N/A			N/A
Tier I risk-based capital		10.49	%		10.62	%		10.80	%		(1	%)		(3	%)		10.50	%		10.80	%		(3	%)
Total risk-based capital		13.67	%		14.01	%		14.30	%		(2	%)		(4	%)		13.67	%		14.30	%		(4	%)
Tier I leverage		9.44	%		9.59	%		9.86	%		(2	%)		(4	%)		9.44	%		9.86	%		(4	%)
Tier I common equity(d)(j)		N/A			N/A			9.61	%		N/A			N/A			N/A			9.61	%		N/A
CET1 capital (fully phased-in)(k)		9.30	%		9.41	%		N/A			(1	%)		N/A			9.30	%		N/A			N/A
Operations
Banking centers		1,299			1,303			1,309			—			(1	%)		1,299			1,309			(1	%)
ATMs		2,630			2,637			2,619			—			—			2,630			2,619			—
Full-time equivalent employees		18,527			18,471			18,732			—			(1	%)		18,527			18,732			(1	%)

(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 AOCI).

(d) These ratios have been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition. Non-GAAP measure; see Reg. G reconciliation on page 33.

(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.

(j) Non-GAAP measure; see Reg. G reconciliation on page 33.

(k) Under the banking agencies’ Basel III Final Rule, assets and credit equivalent amounts of off-balance sheet exposures are calculated based upon the standardized approach for risk-weighted assets. The resulting values are added together resulting in the Bancorp’s total risk-weighted assets.

(l) These capital ratios were calculated under the Supervisory Agencies general risk-based capital rules (Basel I) which were in effect prior to January 1, 2015.

19

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended
	June 2015			March 2015			December 2014			September 2014			June 2014
Income Statement Data
Net interest income(a)	$	892		$	852		$	888		$	908		$	905
Noninterest income		556			630			653			520			736
Total revenue(a)		1,448			1,482			1,541			1,428			1,641
Provision for loan and lease losses		79			69			99			71			76
Noninterest expense		947			923			918			888			954
Net income attributable to Bancorp		315			361			385			340			439
Net income available to common shareholders		292			346			362			328			416
Common Share Data
Earnings per share, basic	$	0.36		$	0.42		$	0.44		$	0.39		$	0.49
Earnings per share, diluted		0.36			0.42			0.43			0.39			0.49
Cash dividends per common share		0.13			0.13			0.13			0.13			0.13
Book value per share		17.62			17.83			17.35			16.87			16.74
Market price per share		20.82			18.85			20.38			20.02			21.35
Common shares outstanding (in thousands)		810,054			815,190			824,047			834,262			844,489
Average common shares outstanding (in thousands):
Basic		803,965			810,210			819,057			829,392			838,492
Diluted		812,843			818,672			827,831			838,324			848,245
Market capitalization	$	16,865		$	15,366		$	16,790		$	16,702		$	18,030
Financial Ratios
Return on average assets		0.90	%		1.06	%		1.13	%		1.02	%		1.34	%
Return on average common equity		8.1	%		9.7	%		10.0	%		9.2	%		11.9	%
Return on average tangible common equity(b)(j)		9.7	%		11.7	%		12.1	%		11.1	%		14.4	%
Noninterest income as a percent of total revenue		38	%		43	%		42	%		36	%		45	%
Average Bancorp shareholders’ equity as a percent of average assets		11.32	%		11.49	%		11.54	%		11.71	%		11.57	%
Tangible common equity(c)(d)(j)		8.33	%		8.40	%		8.43	%		8.64	%		8.74	%
Net interest margin(a)		2.90	%		2.86	%		2.96	%		3.10	%		3.15	%
Efficiency(a)		65.4	%		62.3	%		59.6	%		62.1	%		58.2	%
Effective tax rate		26.1	%		25.6	%		25.9	%		26.7	%		27.6	%
Credit Quality
Net losses charged-off	$	86		$	91		$	191		$	115		$	101
Net losses charged-off as a percent of average portfolio loans and leases		0.37	%		0.41	%		0.83	%		0.50	%		0.45	%
ALLL as a percent of portfolio loans and leases		1.39	%		1.42	%		1.47	%		1.56	%		1.61	%
Allowance for credit losses as a percent of portfolio loans and leases		1.54	%		1.57	%		1.62	%		1.71	%		1.77	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(e)		0.67	%		0.76	%		0.82	%		0.88	%		0.92	%
Average Balances
Loans and leases, including held for sale	$	92,739		$	91,659		$	91,581		$	91,428		$	91,241
Total securities and other short-term investments		30,563			29,038			27,604			24,927			23,940
Total assets		139,992			137,651			135,580			132,220			130,965
Transaction deposits(f)		96,460			94,172			92,414			89,360			89,148
Core deposits(g)		100,534			98,194			96,350			93,160			92,841
Wholesale funding(h)		18,362			18,905			19,495			19,787			19,204
Bancorp shareholders’ equity		15,841			15,820			15,644			15,486			15,157
Regulatory Capital Ratios(i)	Basel III Transitional						Basel I(l)
CET1 capital(k)		9.41	%		9.52	%		N/A			N/A			N/A
Tier I risk-based capital		10.49	%		10.62	%		10.83	%		10.83	%		10.80	%
Total risk-based capital		13.67	%		14.01	%		14.33	%		14.34	%		14.30	%
Tier I leverage		9.44	%		9.59	%		9.66	%		9.82	%		9.86	%
Tier I common equity(d)(j)		N/A			N/A			9.65	%		9.64	%		9.61	%
CET1 capital (fully phased-in)(k)		9.30	%		9.41	%		N/A			N/A			N/A
Operations
Banking centers		1,299			1,303			1,302			1,308			1,309
ATMs		2,630			2,637			2,638			2,639			2,619
Full-time equivalent employees		18,527			18,471			18,351			18,503			18,732

(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 AOCI).

(d) The ratios have been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition. Non-GAAP measure; see Reg. G reconciliation on page 33.

(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.

(j) Non-GAAP measure; see Reg. G reconciliation on page 33.

(k) Under the banking agencies’ Basel III Final Rule, assets and credit equivalent amounts of off-balance sheet exposures are calculated based upon the standardized approach for risk-weighted assets. The resulting values are added together resulting in the Bancorp’s total risk-weighted assets.

(l) These capital ratios were calculated under the Supervisory Agencies general risk-based capital rules (Basel I) which were in effect prior to January 1, 2015.

20

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income

$ in millions

(unaudited)

	For the Three Months Ended							% Change						Year to Date					% Change
	June 2015			March 2015		June 2014		Seq			Yr/Yr			June 2015			June 2014		Yr/Yr
Interest Income
Interest and fees on loans and leases	$	782		$	778	$	826		1	%		(5	%)	$	1,560		$	1,649		(5	%)
Interest on securities		219			188		181		16	%		21	%		407			349		17	%
Interest on other short-term investments		2			4		1		(50	%)		100	%		6			3		100	%
Total interest income		1,003			970		1,008		3	%		—			1,973			2,001		(1	%)
Interest Expense
Interest on deposits		46			50		49		(8	%)		(6	%)		96			96		—
Interest on other short-term borrowings		1			—		1		—			—			1			1		—
Interest on long-term debt		69			73		58		(5	%)		19	%		142			111		28	%
Total interest expense		116			123		108		(6	%)		7	%		239			208		15	%
Net Interest Income		887			847		900		5	%		(1	%)		1,734			1,793		(3	%)
Provision for loan and lease losses		79			69		76		14	%		4	%		148			146		1	%
Net interest income after provision for loan and lease losses		808			778		824		4	%		(2	%)		1,586			1,647		(4	%)
Noninterest Income
Service charges on deposits		139			135		139		3	%		—			274			272		1	%
Corporate banking revenue		113			63		107		79	%		6	%		176			211		(17	%)
Mortgage banking net revenue		117			86		78		36	%		50	%		203			187		9	%
Investment advisory revenue		105			108		102		(3	%)		3	%		212			204		4	%
Card and processing revenue		77			71		76		8	%		1	%		148			144		3	%
Other noninterest income		1			163		226		(99	%)		(100	%)		165			268		(38	%)
Securities gains, net		4			4		8		—			(50	%)		9			14		(36	%)
Total noninterest income		556			630		736		(12	%)		(24	%)		1,187			1,300		(9	%)
Noninterest Expense
Salaries, wages and incentives		383			369		368		4	%		4	%		752			727		3	%
Employee benefits		78			99		79		(21	%)		(1	%)		176			180		(2	%)
Net occupancy expense		83			79		79		5	%		5	%		162			158		3	%
Technology and communications		54			55		52		(2	%)		4	%		109			105		4	%
Equipment expense		31			31		30		—			3	%		61			60		2	%
Card and processing expense		38			36		37		6	%		3	%		74			68		9	%
Other noninterest expense		280			254		309		10	%		(9	%)		537			605		(11	%)
Total noninterest expense		947			923		954		3	%		(1	%)		1,871			1,903		(2	%)
Income before income taxes		417			485		606		(14	%)		(31	%)		902			1,044		(14	%)
Applicable income tax expense		108			124		167		(13	%)		(35	%)		232			287		(19	%)
Net income		309			361		439		(14	%)		(30	%)		670			757		(11	%)
Less: Net income attributable to noncontrolling interests		(6	)		—		—		(100	%)		(100	%)		(6	)		1		NM
Net income attributable to Bancorp		315			361		439		(13	%)		(28	%)		676			756		(11	%)
Dividends on preferred stock		23			15		23		53	%		—			38			32		19	%
Net income available to common shareholders	$	292		$	346	$	416		(16	%)		(30	%)	$	638		$	724		(12	%)

21

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	June 2015			March 2015		December 2014		September 2014		June 2014
Interest Income
Interest and fees on loans and leases	$	782		$	778	$	823	$	827	$	826
Interest on securities		219			188		185		189		181
Interest on other short-term investments		2			4		3		2		1
Total interest income		1,003			970		1,011		1,018		1,008
Taxable equivalent adjustment		5			5		5		5		5
Total interest income (taxable equivalent)		1,008			975		1,016		1,023		1,013
Interest Expense
Interest on deposits		46			50		54		51		49
Interest on other short-term borrowings		1			—		—		1		1
Interest on long-term debt		69			73		74		63		58
Total interest expense		116			123		128		115		108
Net Interest Income (taxable equivalent)		892			852		888		908		905
Provision for loan and lease losses		79			69		99		71		76
Net interest income (taxable equivalent) after provision for loan and lease losses		813			783		789		837		829
Noninterest Income
Service charges on deposits		139			135		142		145		139
Corporate banking revenue		113			63		120		100		107
Mortgage banking net revenue		117			86		61		61		78
Investment advisory revenue		105			108		100		103		102
Card and processing revenue		77			71		76		75		76
Other noninterest income		1			163		150		33		226
Securities gains, net		4			4		4		3		8
Total noninterest income		556			630		653		520		736
Noninterest Expense
Salaries, wages and incentives		383			369		366		357		368
Employee benefits		78			99		79		75		79
Net occupancy expense		83			79		77		78		79
Technology and communications		54			55		54		53		52
Equipment expense		31			31		30		30		30
Card and processing expense		38			36		36		37		37
Other noninterest expense		280			254		276		258		309
Total noninterest expense		947			923		918		888		954
Income before income taxes (taxable equivalent)		422			490		524		469		611
Taxable equivalent adjustment		5			5		5		5		5
Income before income taxes		417			485		519		464		606
Applicable income tax expense		108			124		134		124		167
Net income		309			361		385		340		439
Less: Net Income attributable to noncontrolling interests		(6	)		—		—		—		—
Net income attributable to Bancorp		315			361		385		340		439
Dividends on preferred stock		23			15		23		12		23
Net income available to common shareholders	$	292		$	346	$	362	$	328	$	416

22

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	June 2015			March 2015			June 2014			Seq			Yr/Yr
Assets
Cash and due from banks	$	2,785		$	2,920		$	3,312			(5	%)		(16	%)
Available-for-sale and other securities(a)		27,987			26,409			22,814			6	%		23	%
Held-to-maturity securities(b)		157			177			194			(11	%)		(19	%)
Trading securities		370			392			361			(6	%)		2	%
Other short-term investments		3,451			4,919			2,386			(30	%)		45	%
Loans held for sale		995			724			682			37	%		46	%
Portfolio loans and leases:
Commercial and industrial loans		42,800			42,052			41,299			2	%		4	%
Commercial mortgage loans		7,150			7,209			7,805			(1	%)		(8	%)
Commercial construction loans		2,709			2,302			1,424			18	%		90	%
Commercial leases		3,881			3,786			3,567			3	%		9	%
Residential mortgage loans		12,933			12,569			12,652			3	%		2	%
Home equity		8,547			8,714			9,056			(2	%)		(6	%)
Automobile loans		11,909			11,873			12,050			—			(1	%)
Credit card		2,278			2,291			2,261			(1	%)		1	%
Other consumer loans and leases		496			448			370			11	%		34	%
Portfolio loans and leases		92,703			91,244			90,484			2	%		2	%
Allowance for loan and lease losses		(1,293	)		(1,300	)		(1,458	)		(1	%)		(11	%)
Portfolio loans and leases, net		91,410			89,944			89,026			2	%		3	%
Bank premises and equipment		2,298			2,433			2,491			(6	%)		(8	%)
Operating lease equipment		670			695			667			(4	%)		—
Goodwill		2,416			2,416			2,416			—			—
Intangible assets		13			14			17			(7	%)		(24	%)
Servicing rights		854			789			931			8	%		(8	%)
Other assets		8,252			8,638			7,265			(4	%)		14	%
Total assets	$	141,658		$	140,470		$	132,562			1	%		7	%
Liabilities
Deposits:
Demand	$	35,449		$	35,343		$	32,140			—			10	%
Interest checking		27,074			27,191			24,744			—			9	%
Savings		14,976			15,355			16,087			(2	%)		(7	%)
Money market		17,900			18,105			14,216			(1	%)		26	%
Foreign office		728			811			1,418			(10	%)		(49	%)
Other time		4,050			4,044			3,724			—			9	%
Certificates—$100,000 and over		2,846			2,566			3,623			11	%		(21	%)
Total deposits		103,023			103,415			95,952			—			7	%
Federal funds purchased		126			200			153			(37	%)		(18	%)
Other short-term borrowings		4,136			1,413			3,146			NM			31	%
Accrued taxes, interest and expenses		1,858			1,979			1,824			(6	%)		2	%
Other liabilities		3,356			3,504			2,018			(4	%)		66	%
Long-term debt		13,521			14,055			13,961			(4	%)		(3	%)
Total liabilities		126,020			124,566			117,054			1	%		8	%
Equity
Common stock(c)		2,051			2,051			2,051			—			—
Preferred stock		1,331			1,331			1,331			—			—
Capital surplus		2,632			2,659			2,613			(1	%)		1	%
Retained earnings		11,564			11,380			10,666			2	%		8	%
Accumulated other comprehensive income		291			588			382			(51	%)		(24	%)
Treasury stock		(2,264	)		(2,145	)		(1,574	)		6	%		44	%
Total Bancorp shareholders’ equity		15,605			15,864			15,469			(2	%)		1	%
Noncontrolling interests		33			40			39			(18	%)		(15	%)
Total equity		15,638			15,904			15,508			(2	%)		1	%
Total liabilities and equity	$	141,658		$	140,470		$	132,562			1	%		7	%
(a) Amortized cost	$	27,483		$	25,475		$	22,184			8	%		24	%
(b) Market values		157			177			194			(11	%)		(19	%)
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			2,000,000			—			—
Outstanding, excluding treasury		810,054			815,190			844,489			(1	%)		(4	%)
Treasury		113,838			108,702			79,404			5	%		43	%

23

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	June 2015			March 2015			December 2014			September 2014			June 2014
Assets
Cash and due from banks	$	2,785		$	2,920		$	3,091		$	3,125		$	3,312
Available-for-sale and other securities(a)		27,987			26,409			22,408			22,912			22,814
Held-to-maturity securities(b)		157			177			187			191			194
Trading securities		370			392			360			389			361
Other short-term investments		3,451			4,919			7,914			3,637			2,386
Loans held for sale		995			724			1,261			641			682
Portfolio loans and leases:
Commercial and industrial loans		42,800			42,052			40,765			41,072			41,299
Commercial mortgage loans		7,150			7,209			7,399			7,564			7,805
Commercial construction loans		2,709			2,302			2,069			1,702			1,424
Commercial leases		3,881			3,786			3,720			3,554			3,567
Residential mortgage loans		12,933			12,569			12,389			12,941			12,652
Home equity		8,547			8,714			8,886			8,987			9,056
Automobile loans		11,909			11,873			12,037			12,121			12,050
Credit card		2,278			2,291			2,401			2,317			2,261
Other consumer loans and leases		496			448			418			366			370
Portfolio loans and leases		92,703			91,244			90,084			90,624			90,484
Allowance for loan and lease losses		(1,293	)		(1,300	)		(1,322	)		(1,414	)		(1,458	)
Portfolio loans and leases, net		91,410			89,944			88,762			89,210			89,026
Bank premises and equipment		2,298			2,433			2,465			2,467			2,491
Operating lease equipment		670			695			728			732			667
Goodwill		2,416			2,416			2,416			2,416			2,416
Intangible assets		13			14			15			16			17
Servicing rights		854			789			858			935			931
Other assets		8,252			8,638			8,241			7,517			7,265
Total assets	$	141,658		$	140,470		$	138,706		$	134,188		$	132,562
Liabilities
Deposits:
Demand	$	35,449		$	35,343		$	34,809		$	32,258		$	32,140
Interest checking		27,074			27,191			26,800			24,930			24,744
Savings		14,976			15,355			15,051			15,355			16,087
Money market		17,900			18,105			17,083			16,199			14,216
Foreign office		728			811			1,114			1,577			1,418
Other time		4,050			4,044			3,960			3,856			3,724
Certificates-$100,000 and over		2,846			2,566			2,895			3,117			3,623
Total deposits		103,023			103,415			101,712			97,292			95,952
Federal funds purchased		126			200			144			148			153
Other short-term borrowings		4,136			1,413			1,556			2,730			3,146
Accrued taxes, interest and expenses		1,858			1,979			2,020			1,706			1,824
Other liabilities		3,356			3,504			2,642			2,533			2,018
Long-term debt		13,521			14,055			14,967			14,336			13,961
Total liabilities		126,020			124,566			123,041			118,745			117,054
Equity
Common stock(c)		2,051			2,051			2,051			2,051			2,051
Preferred stock		1,331			1,331			1,331			1,331			1,331
Capital surplus		2,632			2,659			2,646			2,621			2,613
Retained earnings		11,564			11,380			11,141			10,886			10,666
Accumulated other comprehensive income		291			588			429			301			382
Treasury stock		(2,264	)		(2,145	)		(1,972	)		(1,786	)		(1,574	)
Total Bancorp shareholders’ equity		15,605			15,864			15,626			15,404			15,469
Noncontrolling interests		33			40			39			39			39
Total equity		15,638			15,904			15,665			15,443			15,508
Total liabilities and equity	$	141,658		$	140,470		$	138,706		$	134,188		$	132,562
(a) Amortized cost	$	27,483		$	25,475		$	21,677		$	22,392		$	22,184
(b) Market values		157			177			187			191			194
(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		810,054			815,190			824,047			834,262			844,489
Treasury		113,838			108,702			99,846			89,631			79,404

24

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Equity

$ in millions

(unaudited)

	For the Three Months Ended						Year to Date
	June 2015			June 2014			June 2015			June 2014
Total equity, beginning	$	15,904		$	14,864		$	15,665		$	14,626
Net income attributable to Bancorp		315			439			676			756
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		(281	)		178			(148	)		288
Qualifying cash flow hedges		(18	)		7			6			10
Change in accumulated other comprehensive income related to employee benefit plans		2			1			4			2
Comprehensive income		18			625			538			1,056
Cash dividends declared:
Common stock		(105	)		(110	)		(211	)		(211	)
Preferred stock		(23	)		(23	)		(38	)		(32	)
Impact of stock transactions under stock compensation plans, net		6			4			26			19
Shares acquired for treasury		(155	)		(150	)		(335	)		(249	)
Issuance of preferred stock		—			297			—			297
Noncontrolling interest		(7	)		1			(6	)		1
Other		—			—			(1	)		1
Total equity, ending	$	15,638		$	15,508		$	15,638		$	15,508

25

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	June 2015			March 2015			June 2014			Seq			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	42,554		$	41,462		$	41,451			3	%		3	%
Commercial mortgage loans		7,149			7,248			7,886			(1	%)		(9	%)
Commercial construction loans		2,549			2,198			1,364			16	%		87	%
Commercial leases		3,776			3,716			3,556			2	%		6	%
Residential mortgage loans		13,375			13,515			13,202			(1	%)		1	%
Home equity		8,655			8,802			9,101			(2	%)		(5	%)
Automobile loans		11,902			11,933			12,070			—			(1	%)
Credit card		2,296			2,321			2,232			(1	%)		3	%
Other consumer loans and leases		483			464			379			4	%		27	%
Taxable securities		27,344			23,102			21,706			18	%		26	%
Tax exempt securities		59			59			52			—			13	%
Other short-term investments		3,160			5,877			2,182			(46	%)		45	%
Total interest-earning assets		123,302			120,697			115,181			2	%		7	%
Cash and due from banks		2,636			2,830			2,847			(7	%)		(7	%)
Other assets		15,354			15,446			14,417			(1	%)		6	%
Allowance for loan and lease losses		(1,300	)		(1,322	)		(1,480	)		(2	%)		(12	%)
Total assets	$	139,992		$	137,651		$	130,965			2	%		7	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	26,894		$	26,885		$	25,222			—			7	%
Savings		15,156			15,174			16,509			—			(8	%)
Money market		18,071			17,492			13,942			3	%		30	%
Foreign office		955			861			2,200			11	%		(57	%)
Other time		4,074			4,022			3,693			1	%		10	%
Certificates—$100,000 and over		2,558			2,683			3,840			(5	%)		(33	%)
Federal funds purchased		326			172			606			90	%		(46	%)
Other short-term borrowings		1,705			1,602			2,234			6	%		(24	%)
Long-term debt		13,773			14,448			12,524			(5	%)		10	%
Total interest-bearing liabilities		83,512			83,339			80,770			—			3	%
Demand deposits		35,384			33,760			31,275			5	%		13	%
Other liabilities		5,215			4,693			3,724			11	%		40	%
Total liabilities		124,111			121,792			115,769			2	%		7	%
Equity		15,881			15,859			15,196			—			5	%
Total liabilities and equity	$	139,992		$	137,651		$	130,965			2	%		7	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		3.14	%		3.16	%		3.27	%
Commercial mortgage loans		3.22	%		3.27	%		3.39	%
Commercial construction loans		3.17	%		3.23	%		3.54	%
Commercial leases		2.83	%		2.90	%		3.04	%
Residential mortgage loans		3.69	%		3.83	%		3.93	%
Home equity		3.66	%		3.66	%		3.71	%
Automobile loans		2.65	%		2.68	%		2.77	%
Credit card		10.33	%		10.22	%		10.06	%
Other consumer loans and leases		8.49	%		10.79	%		35.63	%
Total loans and leases		3.41	%		3.46	%		3.65	%
Taxable securities		3.20	%		3.30	%		3.34	%
Tax exempt securities		4.82	%		5.24	%		4.69	%
Other short-term investments		0.25	%		0.25	%		0.28	%
Total interest-earning assets		3.28	%		3.28	%		3.53	%
Interest-bearing liabilities:
Interest checking		0.19	%		0.20	%		0.22	%
Savings		0.05	%		0.07	%		0.11	%
Money market		0.23	%		0.32	%		0.33	%
Foreign office		0.14	%		0.20	%		0.29	%
Other time		1.24	%		1.17	%		1.03	%
Certificates—$100,000 and over		1.24	%		1.16	%		0.83	%
Federal funds purchased		0.12	%		0.09	%		0.10	%
Other short-term borrowings		0.12	%		0.11	%		0.10	%
Long-term debt		2.04	%		2.02	%		1.89	%
Total interest-bearing liabilities		0.56	%		0.60	%		0.54	%
Ratios:
Net interest margin (taxable equivalent)		2.90	%		2.86	%		3.15	%
Net interest rate spread (taxable equivalent)		2.72	%		2.68	%		2.99	%
Interest-bearing liabilities to interest-earning assets		67.73	%		69.05	%		70.12	%

26

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	Year to Date						% Change
	June 2015			June 2014			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	42,011		$	40,933			3	%
Commercial mortgage loans		7,198			7,934			(9	%)
Commercial construction loans		2,375			1,242			91	%
Commercial leases		3,746			3,582			5	%
Residential mortgage loans		13,444			13,252			1	%
Home equity		8,728			9,147			(5	%)
Automobile loans		11,918			12,047			(1	%)
Credit card		2,308			2,231			3	%
Other consumer loans and leases		474			374			27	%
Taxable securities		25,235			21,049			20	%
Tax exempt securities		59			49			20	%
Other short-term investments		4,511			2,345			92	%
Total interest-earning assets		122,007			114,185			7	%
Cash and due from banks		2,733			2,848			(4	%)
Other assets		15,399			14,448			7	%
Allowance for loan and lease losses		(1,311	)		(1,528	)		(14	%)
Total assets	$	138,828		$	129,953			7	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	26,889		$	25,565			5	%
Savings		15,165			16,705			(9	%)
Money market		17,784			13,195			35	%
Foreign office		908			2,109			(57	%)
Other time		4,048			3,655			11	%
Certificates—$100,000 and over		2,620			4,703			(44	%)
Other		—			—			—
Federal funds purchased		249			577			(57	%)
Other short-term borrowings		1,654			2,022			(18	%)
Long-term debt		14,109			11,424			24	%
Total interest-bearing liabilities		83,426			79,955			4	%
Demand deposits		34,576			30,952			12	%
Other liabilities		4,956			3,997			24	%
Total liabilities		122,958			114,904			7	%
Equity		15,870			15,049			5	%
Total liabilities and equity	$	138,828		$	129,953			7	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		3.15	%		3.31	%		(5	%)
Commercial mortgage loans		3.25	%		3.41	%		(5	%)
Commercial construction loans		3.20	%		3.51	%		(9	%)
Commercial leases		2.87	%		3.06	%		(6	%)
Residential mortgage loans		3.76	%		3.94	%		(5	%)
Home equity		3.66	%		3.72	%		(2	%)
Automobile loans		2.67	%		2.82	%		(5	%)
Credit card		10.28	%		9.98	%		3	%
Other consumer loans and leases		9.61	%		37.74	%		(75	%)
Total loans and leases		3.43	%		3.69	%		(7	%)
Taxable securities		3.25	%		3.34	%		(3	%)
Tax exempt securities		5.03	%		5.07	%		(1	%)
Other short-term investments		0.25	%		0.27	%		(7	%)
Total interest-earning assets		3.28	%		3.55	%		(8	%)
Interest-bearing liabilities:
Interest checking		0.20	%		0.22	%
Savings		0.06	%		0.11	%
Money market		0.28	%		0.31	%
Foreign office		0.17	%		0.29	%
Other time		1.20	%		1.01	%
Certificates—$100,000 and over		1.20	%		0.75	%
Other		0.00	%		0.05	%
Federal funds purchased		0.11	%		0.10	%
Other short-term borrowings		0.11	%		0.10	%
Long-term debt		2.03	%		1.95	%
Total interest-bearing liabilities		0.58	%		0.52	%
Ratios:
Net interest margin (taxable equivalent)		2.88	%		3.18	%
Net interest rate spread (taxable equivalent)		2.70	%		3.03	%
Interest-bearing liabilities to interest-earning assets		68.38	%		70.02	%

27

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	June 2015			March 2015			December 2014			September 2014			June 2014
Assets
Interest-earning assets:
Commercial and industrial loans	$	42,554		$	41,462		$	41,313		$	41,525		$	41,451
Commercial mortgage loans		7,149			7,248			7,482			7,637			7,886
Commercial construction loans		2,549			2,198			1,911			1,565			1,364
Commercial leases		3,776			3,716			3,601			3,576			3,556
Residential mortgage loans		13,375			13,515			13,526			13,342			13,202
Home equity		8,655			8,802			8,937			9,009			9,101
Automobile loans		11,902			11,933			12,073			12,105			12,070
Credit card		2,296			2,321			2,324			2,295			2,232
Other consumer loans and leases		483			464			414			374			379
Taxable securities		27,344			23,102			22,364			22,594			21,706
Tax exempt securities		59			59			64			50			52
Other short-term investments		3,160			5,877			5,176			2,283			2,182
Total interest-earning assets		123,302			120,697			119,185			116,355			115,181
Cash and due from banks		2,636			2,830			3,008			2,862			2,847
Other assets		15,354			15,446			14,800			14,461			14,417
Allowance for loan and lease losses		(1,300	)		(1,322	)		(1,413	)		(1,458	)		(1,480	)
Total assets	$	139,992		$	137,651		$	135,580		$	132,220		$	130,965
Liabilities
Interest-bearing liabilities:
Interest checking	$	26,894		$	26,885		$	25,478		$	24,926		$	25,222
Savings		15,156			15,174			15,173			15,759			16,509
Money market		18,071			17,492			17,023			15,222			13,942
Foreign office		955			861			1,439			1,663			2,200
Other time		4,074			4,022			3,936			3,800			3,693
Certificates—$100,000 and over		2,558			2,683			2,998			3,339			3,840
Federal funds purchased		326			172			161			520			606
Other short-term borrowings		1,705			1,602			1,481			1,973			2,234
Long-term debt		13,773			14,448			14,855			13,955			12,524
Total interest-bearing liabilities		83,512			83,339			82,544			81,157			80,770
Demand deposits		35,384			33,760			33,301			31,790			31,275
Other liabilities		5,215			4,693			4,052			3,749			3,724
Total liabilities		124,111			121,792			119,897			116,696			115,769
Equity		15,881			15,859			15,683			15,524			15,196
Total liabilities and equity	$	139,992		$	137,651		$	135,580		$	132,220		$	130,965
Yield Analysis
Interest-earning assets:
Commercial and industrial loans		3.14	%		3.16	%		3.21	%		3.25	%		3.27	%
Commercial mortgage loans		3.22	%		3.27	%		3.28	%		3.34	%		3.39	%
Commercial construction loans		3.17	%		3.23	%		3.30	%		3.49	%		3.54	%
Commercial leases		2.83	%		2.90	%		2.96	%		2.96	%		3.04	%
Residential mortgage loans		3.69	%		3.83	%		3.80	%		3.84	%		3.93	%
Home equity		3.66	%		3.66	%		3.68	%		3.69	%		3.71	%
Automobile loans		2.65	%		2.68	%		2.73	%		2.72	%		2.77	%
Credit card		10.33	%		10.22	%		10.08	%		9.87	%		10.06	%
Other consumer loans and leases		8.49	%		10.79	%		31.97	%		36.98	%		35.63	%
Total loans and leases		3.41	%		3.46	%		3.58	%		3.61	%		3.65	%
Taxable securities		3.20	%		3.30	%		3.28	%		3.32	%		3.34	%
Tax exempt securities		4.82	%		5.24	%		4.42	%		5.34	%		4.69	%
Other short-term investments		0.25	%		0.25	%		0.26	%		0.26	%		0.28	%
Total interest-earning assets		3.28	%		3.28	%		3.38	%		3.49	%		3.53	%
Interest-bearing liabilities:
Interest checking		0.19	%		0.20	%		0.22	%		0.22	%		0.22	%
Savings		0.05	%		0.07	%		0.08	%		0.09	%		0.11	%
Money market		0.23	%		0.32	%		0.39	%		0.37	%		0.33	%
Foreign office		0.14	%		0.20	%		0.30	%		0.29	%		0.29	%
Other time		1.24	%		1.17	%		1.14	%		1.07	%		1.03	%
Certificates—$100,000 and over		1.24	%		1.16	%		1.05	%		0.96	%		0.83	%
Federal funds purchased		0.12	%		0.09	%		0.10	%		0.09	%		0.10	%
Other short-term borrowings		0.12	%		0.11	%		0.10	%		0.10	%		0.10	%
Long-term debt		2.04	%		2.02	%		1.94	%		1.80	%		1.89	%
Total interest-bearing liabilities		0.56	%		0.60	%		0.61	%		0.56	%		0.54	%
Ratios:
Net interest margin (taxable equivalent)		2.90	%		2.86	%		2.96	%		3.10	%		3.15	%
Net interest rate spread (taxable equivalent)		2.72	%		2.68	%		2.77	%		2.93	%		2.99	%
Interest-bearing liabilities to interest-earning assets		67.73	%		69.05	%		69.26	%		69.75	%		70.12	%

28

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	June 2015		March 2015		December 2014		September 2014		June 2014
Average Loans and Leases (excluding held for sale)
Commercial:
Commercial and industrial loans	$	42,550	$	41,426	$	41,277	$	41,477	$	41,374
Commercial mortgage loans		7,148		7,241		7,480		7,633		7,885
Commercial construction loans		2,549		2,197		1,909		1,563		1,362
Commercial leases		3,776		3,715		3,600		3,571		3,555
Subtotal—commercial		56,023		54,579		54,266		54,244		54,176
Consumer:
Residential mortgage loans		12,831		12,433		13,046		12,785		12,611
Home equity		8,654		8,802		8,937		9,009		9,101
Automobile loans		11,902		11,933		12,073		12,105		12,070
Credit card		2,296		2,321		2,324		2,295		2,232
Other consumer loans and leases		467		440		395		361		359
Subtotal—consumer		36,150		35,929		36,775		36,555		36,373
Total average loans and leases (excluding held for sale)	$	92,173	$	90,508	$	91,041	$	90,799	$	90,549
Average loans held for sale	$	566	$	1,151	$	540	$	629	$	692
End of Period Loans and Leases
Commercial:
Commercial and industrial loans	$	42,800	$	42,052	$	40,765	$	41,072	$	41,299
Commercial mortgage loans		7,150		7,209		7,399		7,564		7,805
Commercial construction loans		2,709		2,302		2,069		1,702		1,424
Commercial leases		3,881		3,786		3,720		3,554		3,567
Subtotal—commercial		56,540		55,349		53,953		53,892		54,095
Consumer:
Residential mortgage loans		12,933		12,569		12,389		12,941		12,652
Home equity		8,547		8,714		8,886		8,987		9,056
Automobile loans		11,909		11,873		12,037		12,121		12,050
Credit card		2,278		2,291		2,401		2,317		2,261
Other consumer loans and leases		496		448		418		366		370
Subtotal—consumer		36,163		35,895		36,131		36,732		36,389
Total portfolio loans and leases	$	92,703	$	91,244	$	90,084	$	90,624	$	90,484
Core business activity	$	994	$	722	$	590	$	634	$	677
Portfolio management activity		1		2		671		7		5
Total loans held for sale	$	995	$	724	$	1,261	$	641	$	682
Operating lease equipment	$	670	$	695	$	728	$	732	$	667
Loans and Leases Serviced for Others:(a)
Commercial and industrial loans	$	594	$	609	$	637	$	620	$	649
Commercial mortgage loans		266		279		270		274		277
Commercial construction loans		25		21		20		22		39
Commercial leases		260		257		283		267		235
Residential mortgage loans		61,727		64,178		65,413		66,808		68,085
Automobile loans		174		203		232		263		297
Total loans and leases serviced for others		63,046		65,547		66,855		68,254		69,582
Total loans and leases serviced	$	157,414	$	158,210	$	158,928	$	160,251	$	161,415

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

29

Fifth Third Bancorp and Subsidiaries

Regulatory Capital^(a)

$ in millions

(unaudited)

	Basel III Transitional			Basel I(c)
	As of
	June 2015			March 2015			December 2014			September 2014			June 2014
Tier I capital:
Common stock and related surplus (net of treasury stock)	$	2,419		$	2,565			N/A			N/A			N/A
Retained earnings		11,564			11,380			N/A			N/A			N/A
Common equity tier I capital adjustments and deductions		(2,401	)		(2,402	)		N/A			N/A			N/A
CET1 capital		11,582			11,543			N/A			N/A			N/A
Additional tier I capital		1,340			1,339			N/A			N/A			N/A
Tier I capital		12,922			12,882		$	12,764		$	12,661		$	12,644
Tier II capital		3,909			4,112			4,131			4,103			4,101
Total risk-based capital	$	16,831		$	16,994		$	16,895		$	16,764		$	16,745
Risk-weighted assets	$	123,134	(b)	$	121,310	(b)	$	117,878		$	116,917		$	117,117
Ratios:
Average shareholders’ equity to average assets		11.32	%		11.49	%		11.54	%		11.71	%		11.57	%
Regulatory capital:
	Basel III Transitional			Basel I(c)
Fifth Third Bancorp
CET1 capital		9.41	%(b)		9.52	%(b)		N/A			N/A			N/A
Tier I risk-based capital		10.49	%(b)		10.62	%(b)		10.83	%		10.83	%		10.80	%
Total risk-based capital		13.67	%(b)		14.01	%(b)		14.33	%		14.34	%		14.30	%
Tier I leverage		9.44	%		9.59	%		9.66	%		9.82	%		9.86	%
Tier I common equity		N/A			N/A			9.65	%(d)		9.64	%(d)		9.61	%(d)
CET1 capital (fully phased-in)		9.30	%(b)(d)		9.41	%(b)(d)		N/A			N/A			N/A
Fifth Third Bank
Tier I risk-based capital		11.26	%(b)		11.36	%(b)		11.85	%		11.87	%		11.79	%
Total risk-based capital		12.46	%(b)		12.58	%(b)		13.10	%		13.12	%		13.04	%
Tier I leverage		10.15	%		10.30	%		10.58	%		10.77	%		10.77	%

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

(b) Under the banking agencies’ Basel III Final Rule, assets and credit equivalent amounts of off-balance sheet exposures are calculated according to the standardized approach for risk-weighted assets. The resulting weighted values are added together resulting in the total risk-weighted assets.

(c) These capital amounts and ratios were calculated under the Supervisory Agencies general risk-based capital rules (Basel I) which were in effect prior to January 1, 2015.

(d) This ratio has been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition. Non-GAAP measure; see Reg. G reconciliation on page 33.

30

Fifth Third Bancorp and Subsidiaries

Summary of Credit Loss Experience

$ in millions

(unaudited)

	For the Three Months Ended
	June 2015			March 2015			December 2014			September 2014			June 2014
Average loans and leases (excluding held for sale):
Commercial and industrial loans	$	42,550		$	41,426		$	41,277		$	41,477		$	41,374
Commercial mortgage loans		7,148			7,241			7,480			7,633			7,885
Commercial construction loans		2,549			2,197			1,909			1,563			1,362
Commercial leases		3,776			3,715			3,600			3,571			3,555
Residential mortgage loans		12,831			12,433			13,046			12,785			12,611
Home equity		8,654			8,802			8,937			9,009			9,101
Automobile loans		11,902			11,933			12,073			12,105			12,070
Credit card		2,296			2,321			2,324			2,295			2,232
Other consumer loans and leases		467			440			395			361			359
Total average loans and leases (excluding held for sale)	$	92,173		$	90,508		$	91,041		$	90,799		$	90,549
Losses charged-off:
Commercial and industrial loans		($40	)		($43	)		($50	)		($62	)		($36	)
Commercial mortgage loans		(14	)		(5	)		(12	)		(10	)		(11	)
Commercial construction loans		—			—			—			—			(8	)
Commercial leases		—			—			(1	)		—			—
Residential mortgage loans		(8	)		(9	)		(97	)		(12	)		(11	)
Home equity		(13	)		(17	)		(15	)		(18	)		(22	)
Automobile loans		(9	)		(13	)		(11	)		(11	)		(10	)
Credit card		(24	)		(24	)		(23	)		(26	)		(24	)
Other consumer loans and leases		(4	)		(4	)		(6	)		(7	)		(5	)
Total losses charged-off	($	112	)	($	115	)	($	215	)	($	146	)	($	127	)
Recoveries of losses previously charged-off:
Commercial and industrial loans	$	6		$	5		$	6		$	12		$	5
Commercial mortgage loans		3			4			2			5			2
Commercial construction loans		—			—			—			—			—
Commercial leases		—			—			—			—			—
Residential mortgage loans		3			3			3			3			3
Home equity		4			3			4			4			4
Automobile loans		5			5			4			4			5
Credit card		3			3			3			3			3
Other consumer loans and leases		2			1			2			—			4
Total recoveries of losses previously charged-off	$	26		$	24		$	24		$	31		$	26
Net losses charged-off:
Commercial and industrial loans		($34)			($38)			($44)			($50)			($31)
Commercial mortgage loans		(11	)		(1	)		(10	)		(5	)		(9	)
Commercial construction loans		—			—			—			—			(8	)
Commercial leases		—			—			(1	)		—			—
Residential mortgage loans		(5	)		(6	)		(94	)		(9	)		(8	)
Home equity		(9	)		(14	)		(11	)		(14	)		(18	)
Automobile loans		(4	)		(8	)		(7	)		(7	)		(5	)
Credit card		(21	)		(21	)		(20	)		(23	)		(21	)
Other consumer loans and leases		(2	)		(3	)		(4	)		(7	)		(1	)
Total net losses charged-off	($	86	)	($	91	)	($	191	)	($	115	)	($	101	)
Net losses charged-off as a percent of average portfolio loans and leases:
Commercial and industrial loans		0.32	%		0.38	%		0.43	%		0.48	%		0.30	%
Commercial mortgage loans		0.62	%		0.05	%		0.53	%		0.24	%		0.44	%
Commercial construction loans		0.00	%		(0.06	%)		(0.01	%)		(0.11	%)		2.26	%
Commercial leases		(0.01	%)		0.00	%		0.06	%		0.00	%		0.00	%
Residential mortgage loans		0.16	%		0.19	%		2.87	%		0.28	%		0.24	%
Home equity		0.41	%		0.61	%		0.47	%		0.63	%		0.80	%
Automobile loans		0.14	%		0.28	%		0.22	%		0.24	%		0.15	%
Credit card		3.62	%		3.60	%		3.40	%		3.89	%		3.71	%
Other consumer loans and leases		2.45	%		4.02	%		4.57	%		8.13	%		4.08	%
Total net losses charged-off as a percent of average portfolio loans and leases		0.37	%		0.41	%		0.83	%		0.50	%		0.45	%

31

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	June 2015			March 2015			December 2014			September 2014			June 2014
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	1,300		$	1,322		$	1,414		$	1,458		$	1,483
Total net losses charged-off		(86	)		(91	)		(191	)		(115	)		(101	)
Provision for loan and lease losses		79			69			99			71			76
Allowance for loan and lease losses, ending	$	1,293		$	1,300		$	1,322		$	1,414		$	1,458
Reserve for unfunded commitments, beginning	$	130		$	135		$	134		$	142		$	153
Provision (benefit) for unfunded commitments		2			(4	)		1			(8	)		(11	)
Charge-offs		—			(1	)		—			—			—
Reserve for unfunded commitments, ending	$	132		$	130		$	135		$	134		$	142
Components of allowance for credit losses:
Allowance for loan and lease losses	$	1,293		$	1,300		$	1,322		$	1,414		$	1,458
Reserve for unfunded commitments		132			130			135			134			142
Total allowance for credit losses	$	1,425		$	1,430		$	1,457		$	1,548		$	1,600
	As of
	June 2015			March 2015			December 2014			September 2014			June 2014
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	61		$	61		$	86		$	102		$	103
Commercial mortgage loans		49			57			64			77			86
Commercial construction loans		—			—			—			2			3
Commercial leases		2			2			3			3			2
Residential mortgage loans		35			40			44			52			56
Home equity		70			71			72			69			73
Total nonaccrual portfolio loans and leases (excludes restructured loans)		217			231			269			305			323
Restructured loans—commercial (nonaccrual)		175			205			214			201			202
Restructured loans—consumer (nonaccrual)		83			90			96			114			115
Total nonaccrual portfolio loans and leases		475			526			579			620			640
Repossessed property		16			20			18			19			18
OREO(b)		135			145			147			157			174
Total nonperforming portfolio assets(a)		626			691			744			796			832
Nonaccrual loans held for sale		1			2			24			4			5
Restructured loans—(nonaccrual) held for sale		—			—			15			3			—
Total nonperforming assets including loans held for sale	$	627		$	693		$	783		$	803		$	837
Restructured portfolio consumer loans and leases (accrual)	$	970		$	943		$	905		$	1,610		$	1,623
Restructured portfolio commercial loans and leases (accrual)	$	769		$	774		$	844		$	885		$	914
Ninety days past due loans and leases:
Commercial and industrial loans	$	2		$	2		$	—		$	—		$	—
Commercial mortgage loans		—			1			—			1			—
Commercial construction loans		—			—			—			—			—
Commercial leases		—			—			—			—			—
Total commercial loans and leases		2			3			—			1			—
Residential mortgage loans		43			48			56			57			60
Home equity		—			—			—			—			—
Automobile loans		8			7			8			8			8
Credit card		17			20			23			21			26
Other consumer loans and leases		—			—			—			—			—
Total consumer loans and leases		68			75			87			86			94
Total ninety days past due loans and leases(c)	$	70		$	78		$	87		$	87		$	94
Ratios
Net losses charged-off as a percent of average portfolio loans and leases		0.37	%		0.41	%		0.83	%		0.50	%		0.45	%
Allowance for loan and lease losses:
As a percent of portfolio loans and leases		1.39	%		1.42	%		1.47	%		1.56	%		1.61	%
As a percent of nonperforming loans and leases(a)		272	%		247	%		228	%		228	%		228	%
As a percent of nonperforming assets(a)		206	%		188	%		178	%		178	%		175	%
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including OREO(a)		0.51	%		0.57	%		0.64	%		0.68	%		0.70	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(a)		0.67	%		0.76	%		0.82	%		0.88	%		0.92	%
Nonperforming assets as a percent of total loans, leases and other assets, including OREO		0.67	%		0.75	%		0.86	%		0.88	%		0.92	%
Allowance for credit losses as a percent of nonperforming assets		228	%		207	%		196	%		195	%		192	%

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

(b) Excludes $28, $42, $71, $85 and $92 of OREO related to government insured loans at June 30, 2015, March 31, 2015, December 31, 2014, September 30, 2014 and June 30, 2014, respectively. The Bancorp has historically excluded government guaranteed loans classified in OREO from its nonperforming asset disclosures. Upon the prospective adoption on January 1, 2015 of ASU 2014-14 “Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure,” government guaranteed loans meeting certain criteria will be reclassified to other receivables rather than OREO upon foreclosure. The Bancorp had $37 and $21 of government guaranteed loans classified as other receivables as of June 30, 2015 and March 31, 2015, respectively.

(c) Does not include loans held for sale.

32

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ and shares in millions

(unaudited)

	For the Three Months Ended
	June 2015			March 2015			December 2014			September 2014			June 2014
Income before income taxes (U.S. GAAP)	$	417		$	485		$	519		$	464		$	606
Add: Provision expense (U.S. GAAP)		79			69			99			71			76
Pre-provision net revenue		496			554			618			535			682
Net income available to common shareholders (U.S. GAAP)		292			346			362			328			416
Add: Intangible amortization, net of tax		—			—			1			1			1
Tangible net income available to common shareholders		292			346			363			329			417
Tangible net income available to common shareholders (annualized) (a)		1,171			1,403			1,440			1,305			1,673
Average Bancorp shareholders’ equity (U.S. GAAP)		15,841			15,820			15,644			15,486			15,157
Less: Average preferred stock		(1,331	)		(1,331	)		(1,331	)		(1,331	)		(1,119	)
Average goodwill		(2,416	)		(2,416	)		(2,416	)		(2,416	)		(2,416	)
Average intangible assets and other servicing rights		(15	)		(15	)		(17	)		(16	)		(17	)
Average tangible common equity (b)		12,079			12,058			11,880			11,723			11,605
Total Bancorp shareholders’ equity (U.S. GAAP)		15,605			15,864			15,626			15,404			15,469
Less: Preferred stock		(1,331	)		(1,331	)		(1,331	)		(1,331	)		(1,331	)
Goodwill		(2,416	)		(2,416	)		(2,416	)		(2,416	)		(2,416	)
Intangible assets and other servicing rights		(14	)		(15	)		(16	)		(16	)		(17	)
Tangible common equity, including unrealized gains / losses (c)		11,844			12,102			11,863			11,641			11,705
Less: Accumulated other comprehensive income		(291	)		(588	)		(429	)		(301	)		(382	)
Tangible common equity, excluding unrealized gains / losses (d)		11,553			11,514			11,434			11,340			11,323
Add: Preferred stock		1,331			1,331			1,331			1,331			1,331
Tangible equity (e)		12,884			12,845			12,765			12,671			12,654
Total assets (U.S. GAAP)		141,658			140,470			138,706			134,188			132,562
Less: Goodwill		(2,416	)		(2,416	)		(2,416	)		(2,416	)		(2,416	)
Intangible assets and other servicing rights		(14	)		(15	)		(16	)		(16	)		(17	)
Tangible assets, including unrealized gains / losses (f)		139,228			138,039			136,274			131,756			130,129
Less: Accumulated other comprehensive income / loss, before tax		(448	)		(905	)		(660	)		(463	)		(588	)
Tangible assets, excluding unrealized gains / losses (g)	$	138,780		$	137,134			135,614			131,293			129,541
Total Bancorp shareholders’ equity (U.S. GAAP)		N/A			N/A			15,626			15,404			15,469
Less: Goodwill and certain other intangibles		N/A			N/A			(2,476	)		(2,484	)		(2,484	)
Unrealized gains		N/A			N/A			(429	)		(301	)		(382	)
Qualifying trust preferred securities		N/A			N/A			60			60			60
Other		N/A			N/A			(17	)		(18	)		(19	)
Tier I capital		N/A			N/A			12,764			12,661			12,644
Less: Preferred stock		N/A			N/A			(1,331	)		(1,331	)		(1,331	)
Qualifying trust preferred securities		N/A			N/A			(60	)		(60	)		(60	)
Qualifying noncontrolling interests in consolidated subsidiaries		N/A			N/A			(1	)		(1	)		(1	)
Tier I common equity (h)		N/A	(2)		N/A	(2)	$	11,372		$	11,269		$	11,252
Common shares outstanding (i)		810			815			824			834			844
	Basel III Transitional						Basel I
Risk-weighted assets (actual) (j) (1)		123,134			121,310			117,878			116,917			117,117
Ratios:
Return on average tangible common equity (a) / (b)		9.7	%		11.7	%		12.1	%		11.1	%		14.4	%
Tangible equity (e) / (g)		9.28	%		9.37	%		9.41	%		9.65	%		9.77	%
Tangible common equity (excluding unrealized gains/losses) (d) / (g)		8.33	%		8.40	%		8.43	%		8.64	%		8.74	%
Tangible common equity (including unrealized gains/losses) (c) / (f)		8.51	%		8.77	%		8.71	%		8.84	%		9.00	%
Tangible common equity as a percent of risk-weighted assets
(excluding unrealized gains/losses) (d) / (j)		9.38	%		9.49	%		9.70	%		9.70	%		9.67	%
Tangible book value per share (c) / (i)	$	14.62		$	14.85		$	14.40		$	13.95		$	13.86
Tier I common equity (h) / (j)		N/A	(2)		N/A	(2)		9.65	%		9.64	%		9.61	%
Basel III Final Rule—Transition to fully phased-in
	June 2015			March 2015			December 2014			September 2014			June 2014
CET1 capital (transitional)	$	11,582		$	11,543			N/A			N/A			N/A
Less: Adjustments to CET1 capital from transitional to fully phased-in (3)		(12	)		(13	)		N/A			N/A			N/A
CET1 capital (fully phased-in) (k)		11,570			11,530			N/A			N/A			N/A
Risk-weighted assets (transitional)		123,134			121,310			N/A			N/A			N/A
Add: Adjustments to risk-weighted assets from transitional to fully phased-in (4)		1,280			1,182			N/A			N/A			N/A
Risk-weighted assets (fully phased-in) (l)	$	124,414		$	122,492			N/A			N/A			N/A
Estimated CET1 capital ratio under Basel III Final Rule (fully phased-in) (k)/(l)		9.30	%		9.41	%		N/A			N/A			N/A

(1) 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, along with the measure for market risk, resulting in the Bancorp’s total risk-weighted assets.

(2) The Bancorp became subject to the Basel III Final Rule on January 1, 2015. This codified in the federal banking regulations the risk-based capital ratios the Bancorp is now subject to, as such these ratios are no longer considered Non-GAAP measures.

(3) Primarily relates to disallowed intangible assets (other than goodwill and MSRs, net of associated deferred tax liabilities).

(4) Primarily relates to higher risk-weighting for MSRs.

33

Fifth Third Bancorp and Subsidiaries

Segment Presentation

$ in millions

(unaudited)

For the three months ended June 30, 2015	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income(a)	$	407		$	376		$	63		$	29		$	17		$	892
Provision for loan and lease losses		(38	)		(38	)		(8	)		(2	)		7			(79	)
Net interest income after provision for loan and lease losses		369			338			55			27			24			813
Total noninterest income		232			94			122			103			5			556
Total noninterest expense		(356	)		(396	)		(112	)		(115	)		32			(947	)
Income before income taxes		245			36			65			15			61			422
Applicable income tax expense(a)		(39	)		(13	)		(23	)		(6	)		(32	)		(113	)
Net income		206			23			42			9			29			309
Less: Net income attributable to noncontrolling interests		—			—			—			—			(6	)		(6	)
Net income attributable to Bancorp		206			23			42			9			35			315
Dividends on preferred stock		—			—			—			—			23			23
Net income available to common shareholders	$	206		$	23		$	42		$	9		$	12		$	292
For the three months ended March 31, 2015	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income(a)	$	397		$	377		$	63		$	29		($	14	)	$	852
Provision for loan and lease losses		(33	)		(42	)		(14	)		(2	)		22			(69	)
Net interest income after provision for loan and lease losses		364			335			49			27			8			783
Total noninterest income		174			176			129			107			44			630
Total noninterest expense		(357	)		(392	)		(104	)		(115	)		45			(923	)
Income before income taxes		181			119			74			19			97			490
Applicable income tax expense(a)		(18	)		(42	)		(26	)		(7	)		(36	)		(129	)
Net income		163			77			48			12			61			361
Less: Net income attributable to noncontrolling interests		—			—			—			—			—			—
Net income attributable to Bancorp		163			77			48			12			61			361
Dividends on preferred stock		—			—			—			—			15			15
Net income available to common shareholders	$	163		$	77		$	48		$	12		$	46		$	346
For the three months ended December 31, 2014(b)	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income(a)	$	420		$	402		$	64		$	31		($	29	)	$	888
Provision for loan and lease losses		(50	)		(40	)		(100	)		(1	)		92			(99	)
Net interest income after provision for loan and lease losses		370			362			(36	)		30			63			789
Total noninterest income		237			188			69			102			57			653
Total noninterest expense		(331	)		(386	)		(107	)		(111	)		17			(918	)
Income (loss) before income taxes		276			164			(74	)		21			137			524
Applicable income tax expense(a)		(55	)		(58	)		26			(7	)		(45	)		(139	)
Net income (loss)		221			106			(48	)		14			92			385
Less: Net income attributable to noncontrolling interests		—			—			—			—			—			—
Net income (loss) attributable to Bancorp		221			106			(48	)		14			92			385
Dividends on preferred stock		—			—			—			—			23			23
Net income (loss) available to common shareholders	$	221		$	106		($	48	)	$	14		$	69		$	362
For the three months ended September 30, 2014(b)	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income(a)	$	416		$	396		$	64		$	30		$	2		$	908
Provision for loan and lease losses		(47	)		(50	)		(17	)		(1	)		44			(71	)
Net interest income after provision for loan and lease losses		369			346			47			29			46			837
Total noninterest income		218			194			71			102			(65	)		520
Total noninterest expense		(323	)		(392	)		(114	)		(111	)		52			(888	)
Income before income taxes		264			148			4			20			33			469
Applicable income tax expense(a)		(52	)		(52	)		(1	)		(7	)		(17	)		(129	)
Net income		212			96			3			13			16			340
Less: Net income attributable to noncontrolling interests		—			—			—			—			—			—
Net income attributable to Bancorp		212			96			3			13			16			340
Dividends on preferred stock		—			—			—			—			12			12
Net income available to common shareholders	$	212		$	96		$	3		$	13		$	4		$	328
For the three months ended June 30, 2014(b)	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income(a)	$	408		$	384		$	65		$	29		$	19		$	905
Provision for loan and lease losses		(40	)		(47	)		(13	)		(1	)		25			(76	)
Net interest income after provision for loan and lease losses		368			337			52			28			44			829
Total noninterest income		216			171			90			101			158			736
Total noninterest expense		(330	)		(385	)		(165	)		(111	)		37			(954	)
Income (loss) before income taxes		254			123			(23	)		18			239			611
Applicable income tax expense(a)		(46	)		(43	)		8			(6	)		(85	)		(172	)
Net income (loss)		208			80			(15	)		12			154			439
Less: Net income attributable to noncontrolling interests		—			—			—			—			—			—
Net income (loss) attributable to Bancorp		208			80			(15	)		12			154			439
Dividends on preferred stock		—			—			—			—			23			23
Net income (loss) available to common shareholders	$	208		$	80		($	15	)	$	12		$	131		$	416

(a) Includes taxable equivalent adjustments of $5 million for the three months ended June 30, 2015, March 31, 2015, December 31, 2014, September 30, 2014 and June 30, 2014.

(b) Prior period balances have been adjusted for changes in the structure of the reporting units.

34

EX-99.2

Fifth Third Bank | All Rights Reserved

2Q15 Earnings Presentation

July 21, 2015

Refer to earnings release dated July 21, 2015 for further information.

Exhibit 99.2

2

Fifth Third Bank | All Rights Reserved

Cautionary statement

This 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,” “anticipates,”

“potential,” “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 as updated from time to time by our Quarterly Reports on Form 10-Q.

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 is a risk that additional information may arise during the company’s close process or as a result of

subsequent events that would require the company to make adjustments to the financial information contained herein.

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 and adequate sources of

funding

and

liquidity

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)

difficulties

in

separating

the

operations of any branches or other assets divested; (23) inability to achieve expected benefits from branch consolidations and planned sales

within desired timeframes, if at all; (24) ability to secure confidential information and deliver products and services through the use of computer

systems and telecommunications networks; and (25) 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

2Q15 in review

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

($ in millions)

2Q15

Seq.

YOY

Average Balances

Total loans & leases

1

$92,173

$1,665

$1,624

Core deposits

$100,534

$2,340

$7,693

Income Statement Data

Net interest income (taxable equivalent)

$892

5%

(1%)

Provision for loan and lease losses

79

14%

4%

Noninterest income

556

(12%)

(24%)

Noninterest expense

947

3%

(1%)

Net income attributable to Bancorp

$315

(13%)

(28%)

Net income available to common

shareholders

$292

(16%)

(30%)

Financial Ratios

Earnings per share, diluted

0.36

(14%)

(27%)

Net interest margin

2.90%

4bps

(25bps)

Efficiency ratio

65.4%

310bps

720bps

Return on average assets

0.90%

(16bps)

(44bps)

Return on average common equity

8.1%

(160bps)

(380bps)

Return on average tangible common

equity

2

9.7%

(200bps)

(470bps)

Tangible

book

value

per

share

2

$   14.62

(2%)

5%

Note: The percentages in all of the tables in this presentation are calculated on actual dollar amounts and not the rounded dollar amounts.

1

Excludes loans held-for-sale

2

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

Significant pre-tax items in 2Q15 results

(~$0.07 negative after-tax EPS impact):

—

$97MM non-cash impairment charge

related to previously announced changes

in the branch network (see form 8-K dated

June 22, 2015)

—

$14MM positive valuation adjustment on

the Vantiv

warrant

2Q15 core business trends solid despite

continued low interest rate environment

Credit quality continues to improve

—

NCO ratio 37bps of loans as of 2Q15

—

NPAs down $66MM compared with 1Q15;

NPA ratio 67bps

Strong capital ratios; tangible book value per

share

2

up 5% from 2Q14

4

Fifth Third Bank | All Rights Reserved

$90.5

$92.7

$90.5

$90.8

$91.0

$90.5

$92.2

70

75

80

85

90

95

2Q14

3Q14

4Q14

1Q15

2Q15

EOP loans HFI

Avg loans HFI

Balance sheet

Loan balances ($B)

•

Continuing to target prudent risk/reward

profile in lending

•

Average commercial loans HFI up 3%

sequentially and up 3% year-over-year

–

Year-over-year growth primarily

driven by C&I and commercial

construction, partially offset by

lower commercial mortgage

–

End of period commercial line

utilization 33%

•

Average consumer loans HFI increased

1% sequentially and declined 1%

year-

over-year

•

Average transaction deposits up $2.3B

sequentially with increases in  demand

deposit and money market balances

–

Consumer average transaction

deposits up 1% sequentially and up

5% year-over-year

–

Commercial average transaction

deposits up 4% sequentially and up

12% year-over-year

•

Average core deposit to loan ratio of

109%

Average core deposit balances ($B)

Average securities and short-term

investments ($B)

•

Average securities up $5.6B from 2Q14

driven by LCR requirements

•

Securities portfolio / total assets of

20.1% in 2Q15, up from 17.6% a year

ago

•

Average other short-term investments

increased $1.0B year-over-year

reflecting higher cash balances at the

Federal Reserve

Note: Numbers may not sum due to rounding.

5

Fifth Third Bank | All Rights Reserved

Net interest income

NII and NIM (FTE)

•

Net interest income up $40MM from 1Q15

–

Increase driven by earning asset growth, lower deposit costs, and the $7MM positive impact from higher day

count

–

NIM increased 4 bps sequentially driven by a 6 bp

benefit due to deployment of cash balances into

investment securities, 3 bps due to better funding rates including the continued rationalization of deposit

rates, partially offset by 4 bps of loan yield compression and a 1 basis point decrease primarily due to day

count

•

Year-over-year NII decreased $13MM and NIM decreased 25 bps

–

NII decrease driven by changes to deposit advance product, higher interest expense due to increased

long-term debt balances, and continued loan repricing, partially offset by the impact of higher investment

securities balances

–

NIM decrease primarily driven by the impact of the changes to the deposit advance product and loan

repricing

Yield Analysis

2Q14

1Q15

2Q15

Seq.

(bps)

YoY

(bps)

Commercial and industrial loans

3.27%

3.16%

3.14%

(2 )

(13)

Commercial mortgage loans

3.39%

3.27%

3.22%

(5)

(17)

Commercial construction loans

3.54%

3.23%

3.17%

(6)

(37)

Commercial leases

3.04%

2.90%

2.83%

(7)

(21)

Residential mortgage loans

3.93%

3.83%

3.69%

(14 )

(24)

Home equity

3.71%

3.66%

3.66%

-

(5)

Automobile loans

2.77%

2.68%

2.65%

(3)

(12)

Credit card

10.06%

10.22%

10.33%

11

27

Other consumer loans and leases

35.63%

10.79%

8.49%

(230)

(2,714)

Total loans and leases

3.65%

3.46%

3.41%

(5)

(24)

Taxable securities

3.34%

3.30%

3.20%

(10)

(14)

Tax exempt securities

4.69%

5.24%

4.82%

(42)

13

Other short-term investments

0.28%

0.25%

0.25%

-

(3)

Total interest-earning assets

3.53%

3.28%

3.28%

-

(25)

Total interest-bearing liabilities

0.54%

0.60%

0.56%

(4)

2

Net interest spread

2.99%

2.68%

2.72%

4

(27)

$905

$908

$888

$852

$892

3.15%

3.10%

2.96%

2.86%

2.90%

$0

$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%

2Q14

3Q14

4Q14

1Q15

2Q15

Net Interest Income ($MM)

NIM

6

Fifth Third Bank | All Rights Reserved

2Q14

1Q15

2Q15

Seq.

YOY

($ in millions)

$139

$135

$139

3%

-

107

63

113

79%

6%

78

86

117

36%

50%

102

108

105

(3%)

3%

revenue

76

71

77

8%

1%

income

226

163

1

(99%)

(100%)

gains, net

8

4

4

-

(50%)

noninterest income

$736

$630

$556

(12%)

(24%)

Gain on sale of Vantiv shares

(125)

-

-

Vantiv warrant valuation

(63)

(70)

(14)

Other Vantiv-related

items

12

-

-

Valuation of Visa total return swap

16

17

2

sale of

TDRs

-

(37)

-

Impairment from

aircraft leases

-

30

-

Branch / Land valuation adjustments

17

-

97

Securities (gains) / losses

(8)

(4)

(4)

Adjusted noninterest income

$585

$566

$637

13%

9%

Noninterest income

Compared with 1Q15

•

Corporate banking revenue results were primarily due to

improvement in institutional sales revenue and higher

syndication fees; sequential quarter comps impacted by

the $30 million impairment associated with aircraft

leases in 1Q15

•

Mortgage banking revenue results reflect seasonally

strong originations and a higher mortgage servicing

revenues in 2Q15

Compared with 2Q14

•

Increase in mortgage banking revenue reflected higher

mortgage servicing revenue in 2Q15

•

Corporate banking revenue results driven by higher

institutional sales revenue and business lending fees,

partially offset by lower syndication fees

Components of noninterest income

5 quarter trend ($MM)

$566

$585

$573

$612

$637

$-

$200

$400

$600

$800

2Q14

3Q14

4Q14

1Q15

2Q15

Adjusted noninterest income

Mortgage banking net revenue

Reported noninterest income

7

Fifth Third Bank | All Rights Reserved

Noninterest expense

Compared with 1Q15

•

Expenses were up 3% sequentially, primarily due to higher

incentive-based compensation expenses, which includes

the seasonal pickup in long-term incentives, partially offset

by a decrease in FICA and unemployment tax expense

recorded in employee benefits

•

The sequential comparison also reflected the first quarter

benefit from a settlement of a tax liability related to prior

years recorded in other noninterest expense.

Compared with 2Q14

•

Expenses were down 1% year-over-year due to a decrease

in litigation reserve charges, partially offset by an increase

in compensation expenses

2Q14

1Q15

2Q15

Seq.

YOY

($ in millions)

Salaries, wages and incentives

$368

$369

$383

4%

4%

Employee benefits

79

99

78

(21%)

(1%)

Net occupancy expense

79

79

83

5%

5%

Technology and

communications

52

55

54

(2%)

4%

Equipment expense

30

31

31

-

3%

Card and processing expense

37

36

38

6%

3%

Other noninterest expense

309

254

280

10%

(9%)

Noninterest expense

$954

$923

$947

3%

(1%)

Litigation reserve charges

(61)

Adjusted noninterest expense

$893

$923

$947

3%

6%

Components of noninterest expense

$-

$200

$400

$600

$800

$1,000

2Q14

3Q14

4Q14

1Q15

2Q15

Adjusted noninterest expense

Reported noninterest expense

5 quarter trend ($MM)

Note: Provision for unfunded commitments was an expense of $2M in 2Q15, a benefit of $4M in 1Q15, an expense of $1M in 4Q14, a benefit of $8M in 3Q14, and a benefit of $11M in

2Q14.

$893

$888

$912

$923

$947

8

Fifth Third Bank | All Rights Reserved

48

55

55

39

45

53

60

49

52

41

87

$0

$25

$50

$75

$100

$125

$150

$175

$200

2Q14

3Q14

4Q14

1Q15

2Q15

Commercial

Consumer

Related to TDR Transfer to HFS

Credit quality overview

Net charge-offs ($MM)

$86

$115

NCO ratio

0.45%

0.50%

0.83%

0.41%

0.37%

$101

HFI Nonperforming assets ($MM)

512

487

461

421

376

320

309

283

270

250

$0

$200

$400

$600

$800

$1,000

2Q14

3Q14

4Q14

1Q15

2Q15

Commercial

Consumer

$691

$626

$832

$744

$796

NPAs down 9% sequentially and 25% from 2Q14;

lowest level since 2007

$1,458

$1,414

$1,322

$1,300

$1,293

1.61%

1.56%

1.47%

1.42%

1.39%

$0

$500

$1,000

$1,500

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

2Q14

3Q14

4Q14

1Q15

2Q15

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

ALLL / Loans and Leases

Reserve Coverage

$94

$87

$87

$78

$70

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

$100

2Q14

3Q14

4Q14

1Q15

2Q15

Accruing 90+ Days Past Due ($MM)

2Q15 provision expense of $79MM,

reserve coverage levels remain solid

90 + delinquencies declined 26% from 2Q14

NPA ratio   0.92%             0.88%            0.82%             0.76%             0.67%   

Net charge-offs down 5% sequentially and 15% year-over-year

$191

$91

9

Fifth Third Bank | All Rights Reserved

Strong capital position

1

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

2

Represents Basel III common equity tier 1 ratio under the final capital rule, subject to phase-in periods. Fifth Third made a one-time permanent election to not include AOCI in common equity tier

1 capital in the March 31, 2015 regulatory filings.

Tier

1

Common

Ratio

1

Avg. Diluted Shares Outstanding (MM)

EOP share impact

(MM)

Average share impact

(MM)

1Q15

2Q15

1Q15

2Q15

3Q15

$225MM ASR

-

-

0.3

-

-

$180MM ASR

0.8

-

2.7

0.1

-

$180MM ASR

8.5

1.1

6.0

3.4

0.3

$155MM ASR

-

6.7

-

4.5

3.2

9.3

7.8

9.0

8.0

3.5

Capital Actions

Impact of Share Repurchases

Common Equity

Tier 1 Ratio

2015 CCAR plan included potential repurchase of

common shares in an amount up to $765MM

—

Also included the ability to repurchase shares in the

amount of any after-tax gains from the sale of Vantiv

Inc. stock

Announced $155MM share repurchase transaction in

2Q15; expected to be completed on or before July 28,

2015

0%

2%

4%

6%

8%

2Q14

3Q14

4Q14

1Q15

2Q15

10%

9.6%

9.6%

9.7%

9.5%

9.4%

848

838

828

819

813

625

675

725

775

825

875

$10.00

$11.00

$12.00

$13.00

$14.00

$15.00

$16.00

2Q14

3Q14

4Q14

1Q15

2Q15

Common Shares O/S

TBV per share

$17.00

$13.86

$13.95

$14.40

$14.85

$14.62

2

(Basel III)

(Basel I)

and Tangible Book Value per share

1

10

Fifth Third Bank | All Rights Reserved

Appendix

11

Fifth Third Bank | All Rights Reserved

58.2%

62.1%

59.6%

62.3%

59.8%

59.5%

60.9%

64.9%

61.9%

2Q14

3Q14

4Q14

1Q15

2Q15

Efficiency Ratio

Adjusted Efficiency Ratio

$593

$594

$580

$493

$578

$0

$100

$200

$300

$400

$500

$600

$700

2Q14

3Q14

4Q14

1Q15

2Q15

Adjusted PPNR

Reported PPNR

Pre-tax pre-provision earnings

1

PPNR trend

1

Non-GAAP

measure;

see

Reg.

G

reconciliation

in

appendix.

2

Prior

quarters

include

similar

adjustments.

PPNR decreased 10% sequentially, reflecting

impact of $82MM in net detriment in 2Q15 and a

$61MM benefit in 1Q15 from significant items.

Excluding those items, adjusted PPNR increased

17% sequentially, reflecting higher NII in 2Q15

PPNR reconciliation

Efficiency ratio

65.4%

($ in millions)

2Q14

3Q14

4Q14

1Q15

2Q15

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

$606

$464

$519

$485

$417

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

76

71

99

69

79

PPNR (a) + (b)

$682

$535

$618

$554

$496

Adjustments

to

remove

(benefit)

/

detriment

:

In noninterest income:

Gain from sales of Vantiv

shares

(125)

-

-

-

-

Vantiv warrant valuation

(63)

53

(56)

(70)

(14)

Reduction in equity method income from interest in Vantiv

12

-

-

-

-

Branch and land valuation adjusments

17

-

-

-

97

Gain from sales of troubled debt restructurings

-

-

-

(37)

-

Impairment associated with aircraft leases

-

-

-

30

-

Valuation of 2009 Visa total return swap

16

3

19

17

2

Securities (gains) / losses

(8)

(3)

(4)

(4)

(4)

In noninterest expense:

Severance expense

1

2

6

1

2

Litigation reserve charges

61

4

(3)

2

(1)

Adjusted PPNR

$593

$594

$580

$493

$578

2

12

Fifth Third Bank | All Rights Reserved

Mortgage banking results

•

$2.5B in originations; 53% purchase volume

•

2Q15 mortgage drivers:

–

Origination fees and gain on sale revenue down $1MM

–

Gain on sale margin down 39 bps sequentially

–

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

–

MSR valuation adjustments of positive $57MM; servicing rights amortization of $39MM

–

$56MM in gross servicing fees

Mortgage

originations

($B)

and

gain

on

sale

margin

1

42

34

36

44

43

62

61

60

59

56

(32)

(33)

(32)

(34)

(39)

6

(1)

(2)

17

57

2Q14

3Q14

4Q14

1Q15

2Q15

Orig fees and gains on loan sales

Gross servicing fees

Servicing rights amortization

MSR valuation adjustments

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.

$117

$61

$78

$61

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

2Q14

3Q14

4Q14

1Q15

2Q15

Originations for sale

Originations HFI

Margin

1

$86

13

Fifth Third Bank | All Rights Reserved

$350

$2,450

$650

$600

$850

$850

2015

2016

2017

2018

2019

2020

2021 On

Available and contingent borrowing capacity

(2Q15):

–

FHLB ~$10.1B available, ~$14.7B total

–

Federal Reserve ~$26.5B

Holding Company cash at 6/30/15: $2.4B

Cash currently sufficient to satisfy all fixed

obligations in a stressed environment for ~18

months (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

S-T

wholesale

5%

$1,250

$500

$500

$500

$2,312

2015

2016

2017

2018

2019

2020

2021 on

Fifth Third Bancorp

Fifth Third Capital Trust (Bancorp)

14

Fifth Third Bank | All Rights Reserved

Interest Rate Risk Management

1.

Actual

results

may

vary

from

these

simulated

results

due

to

differences

between

forecasted

and

actual

balance

sheet

composition,

timing,

magnitude,

and

frequency

of

interest

rate

changes, as well as other changes in market conditions and management strategies. 

2.

Re-pricing 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

Well-positioned for rising rates

•

NII benefits from asset re-pricings in a rising rate environment

–

64% of total loans are floating rate (81% of commercial and 36% of consumer)

–

Investment portfolio duration of approximately 4.9 years

–

Short-term

wholesale

funding

represents

approximately

3.5%

-

4.0%

of

total

funding

–

Approximately $12BN in non-core funding matures beyond one year

•

Interest rate sensitivities are based on conservative deposit assumptions

–

70%

beta

on

all

interest-bearing

deposit

and

sweep

balances

(~50%

betas

experienced

in

2004

–

2006

Fed

tightening

cycle)

–

No modeled re-pricing lag

–

Modeled non-interest bearing commercial DDA runoff of approximately $2.5BN (about 10%) for each 100 bps increase in

rates

–

DDA runoff rolls into an interest bearing product with a 100% beta

Change in Interest Rates

+200 bps Shock

Change in Interest Rates

+100 bps Shock

+200 bps Ramp

1.63%

6.65%

(4.00%)

+25 bps Shock

+100 bps Ramp

0.89%

4.23%

-

-25 bps Shock

Betas 25% Higher

Betas 25% Lower

Change in Interest Rates

12

Months

13 to 24

Months

12

Months

Change in Interest Rates

12

Months

13 to 24

Months

12

Months

13 to 24

Months

+200 bps Ramp

1.35%

6.09%

1.91%

+200 bps Ramp

(1.37%)

0.65%

4.63%

12.65%

+100 bps Ramp

0.75%

3.95%

1.03%

+100 bps Ramp

(0.61%)

1.23%

2.39%

7.23%

ESTIMATED NII SENSITIVITY PROFILE

ESTIMATED EVE SENSITIVITY PROFILE

Percent Change in

NII (FTE)

ALCO Policy Limits

Change in EVE

ALCO Policy Limit

12

Months

13 to 24

Months

12

Months

13 to 24 Months

(12.00%)

(1.84%)

(6.00%)

(0.33%)

-

0.22%

(4.63%)

13 to 24 Months

7.21%

4.52%

ESTIMATED NII SENSITIVITY with DEMAND DEPOSIT BALANCE CHANGES

ESTIMATED NII SENSITIVITY with DEPOSIT BETA CHANGES

Percent Change in NII (FTE)

Percent Change in NII (FTE)

$1B Balance Decrease

$1B Balance Increase

15

Fifth Third Bank | All Rights Reserved

NPL rollforward

NPL HFI Rollforward

Commercial

2Q14

3Q14

4Q14

1Q15

2Q15

464

396

385

367

325

Transfers to nonperforming

141

116

99

80

66

Transfers to performing

(67)

-

(1)

(1)

(3)

Transfers from held for sale

-

-

-

-

-

Transfers to held for sale

(1)

(3)

-

-

-

Loans sold from portfolio

(24)

(12)

(5)

(5)

(3)

Loan paydowns/payoffs

(54)

(39)

(45)

(62)

(44)

Transfers to other real estate owned

(18)

(9)

(7)

(9)

(10)

Charge-offs

(46)

(66)

(62)

(45)

(49)

Draws/other extensions of credit

1

2

3

-

5

396

385

367

325

287

Consumer

2Q14

3Q14

4Q14

1Q15

2Q15

269

244

235

212

201

Transfers to nonperforming

85

90

86

54

55

Transfers to performing

(44)

(40)

(33)

(23)

(26)

Transfers from held for sale

-

-

(24)

-

-

Transfers to held for sale

-

-

-

5

-

Loans sold from portfolio

-

-

-

-

-

Loan paydowns/payoffs

(11)

(5)

(5)

(8)

(14)

Transfers to OREO/other repossessed property

(24)

(21)

(20)

(17)

(10)

Charge-offs

(30)

(33)

(27)

(22)

(18)

Draws/other extensions of credit

(1)

-

-

-

-

244

235

212

201

188

Total NPL

640

620

579

526

475

Total new nonaccrual loans -

HFI

226

206

185

134

121

Beginning NPL amount

Ending Commercial NPL

Beginning NPL amount

Ending Consumer NPL

16

Fifth Third Bank | All Rights Reserved

Commercial & industrial

Loans by geography

Credit trends

Loans by industry

Comments

MI

7%

OH

14%

IN

4%

IL

11%

KY

2%

TN

5%

NC

5%

Other /

National

45%

FL

7%

* Excludes loans held-for-sale.

•

Commercial & industrial loans represented 46% of total loans

•

C&I loans were up 2% sequentially and up 4% since 2Q14

•

SNC portfolio $25.1B; all material impacts from exam

included in Q2 results

•

Non-power producer Energy portfolio $1.7B, down slightly

from 1Q15

($ in millions)

2Q14

3Q14

4Q14

1Q15

2Q15

EOP Balance*

$41,299

$41,072

$40,765

$42,052

$42,800

Avg Loans*

$41,374

$41,477

$41,277

$41,426

$42,550

90+ days delinquent

-

-

-

$2

$2

as % of loans

NM

NM

NM

NM

NM

NPAs*

$265

$278

$246

$216

$193

as % of loans

0.64%

0.68%

0.60%

0.58%

0.45%

Net charge-offs

$31

$50

$44

$38

$34

as % of loans

0.30%

0.48%

0.43%

0.38%

0.32%

C&I

17

Fifth Third Bank | All Rights Reserved

Commercial real estate

Loans by geography

Credit trends

Loans by industry

Comments

MI

15%

OH

26%

IN

5%

IL

10%

KY

2%

TN

2%

NC

6%

Other /

National

22%

FL

12%

•

Commercial mortgage loans represented 8% of total loans

—

Non-owner occupied 2Q15 NCO ratio of 0.9%

•

Commercial construction loans represented 3% of total loans

—

Portfolio focused on large professional developers

—

Top 3 categories:  Apartments, office and REIT

* Excludes loans held-for-sale.

($ in millions)

2Q14

3Q14

4Q14

1Q15

2Q15

EOP Balance*

$7,805

$7,564

$7,399

$7,209

$7,150

Avg Loans*

$7,885

$7,633

$7,480

$7,241

$7,148

NPAs*

$212

$186

$195

$186

$166

as % of loans

2.69%

2.43%

2.62%

2.56%

2.31%

Net charge-offs

$9

$5

$10

$1

$11

as % of loans

0.44%

0.24%

0.53%

0.05%

0.62%

Commercial mortgage

($ in millions)

2Q14

3Q14

4Q14

1Q15

2Q15

EOP Balance*

$1,424

$1,702

$2,069

$2,302

$2,709

Avg Loans*

$1,362

$1,563

$1,909

$2,197

$2,549

NPAs*

$31

$19

$16

$16

$14

as % of loans

2.17%

1.09%

0.75%

0.67%

0.51%

Net charge-offs

$8

-

-

-

-

as % of loans

2.26%

(0.11%)

(0.01%)

(0.06%)

0.00%

Commercial construction

18

Fifth Third Bank | All Rights Reserved

Residential mortgage

1

st

liens: 100%; weighted average LTV: 73.1%

Weighted average origination FICO: 757

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

720-749 14%; 750+ 62%; Other^ 5%

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

Origination LTV distribution: <=70 38%; 70.1-80 36%; 80.1-90 7%;

90.1-95 5%; >95 14%

Vintage distribution: 2015: 14%, 2014: 17%, 2013: 18%; 2012 17%;

2011 10%; 2010 6%; 2009 3%; 2008 2%; 2007 2%; 2006 2%; 2005

4%; 2004 and prior 5%

15%

originated

through

3

rd

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

6% of net charge-offs

•

Net charge-offs decreased by $1MM sequentially

—

MI, IL, and OH account for 24%, 18%, and 16% of

residential mortgage net charge-offs, respectively

MI

15%

OH

24%

IN

8%

IL

14%

KY

6%

TN

2%

NC

5%

Other /

National

15%

FL

11%

($ in millions)

2Q14

3Q14

4Q14

1Q15

2Q15

EOP Balance*

$12,652

$12,941

$12,389

$12,569

$12,933

Avg Loans*

$12,611

$12,785

$13,046

$12,433

$12,831

90+ days delinquent

$60

$57

$56

$48

$43

as % of loans

0.47%

0.44%

0.44%

0.38%

0.33%

NPAs*

$172

$164

$126

$113

$101

as % of loans

1.36%

1.27%

1.01%

0.91%

0.78%

Net charge-offs

$8

$9

$94

$6

$5

as % of loans

0.24%

0.28%

2.87%

0.19%

0.16%

Residential mortgage

19

Fifth Third Bank | All Rights Reserved

Home equity loans represented 9% of total loans and 10% of net

charge-offs

Approximately 12% of portfolio in broker product generated 29% total

loss

38%

of

Fifth

Third

2

nd

liens

are

behind

Fifth

Third

1

st

liens

2005/2006 vintages represent approximately 23% of portfolio; account

for 40% of losses

Home equity

1

st

liens:

35%;

2

nd

liens:

65%

Weighted average origination FICO: 753

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

720-749 16%; 750+ 55%; Other 7%

Average CLTV: 72%; Origination CLTV distribution: <=70 42%; 70.1-

80 24%; 80.1-90 18%; 90.1-95 5%; >95 11%

Vintage distribution: 2015: 3%; 2014: 8%, 2013: 6%; 2012 4%; 2011

2%; 2010 2%; 2009 3%; 2008 9%; 2007 9%; 2006 12%; 2005 11%; 2004

and prior 31%

% through broker channels: 12% WA FICO: 734 brokered, 756 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)

2Q14

3Q14

4Q14

1Q15

2Q15

EOP Balance*

$1,131

$1,094

$1,062

$1,028

$987

90+ days delinquent

-

-

-

-

-

as % of loans

NM

NM

NM

NM

NM

Net charge-offs

$7

$4

$3

$3

$3

as % of loans

2.35%

1.42%

1.05%

1.11%

1.06%

Home equity - brokered

($ in millions)

2Q14

3Q14

4Q14

1Q15

2Q15

EOP Balance*

$7,925

$7,893

$7,824

$7,686

$7,560

90+ days delinquent

-

-

-

-

-

as % of loans

NM

NM

NM

NM

NM

Net charge-offs

$11

$10

$8

$11

$6

as % of loans

0.58%

0.51%

0.42%

0.59%

0.34%

Home equity - direct

20

Fifth Third Bank | All Rights Reserved

Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

June

March

December

September

June

2015

2015

2014

2014

2014

Income before income taxes (U.S. GAAP)

417

485

519

464

606

Add:

Provision expense (U.S. GAAP)

79

69

99

71

76

Pre-provision net revenue

496

554

618

535

682

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

292

346

362

328

416

Add:

Intangible amortization, net of tax

-

-

1

1

1

Tangible net income available to common shareholders

292

346

363

329

417

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

1,171

1,403

1,440

1,305

1,673

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

15,841

15,820

15,644

15,486

15,157

Less:

Average preferred stock

(1,331)

(1,331)

(1,331)

(1,331)

(1,119)

Average goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,416)

Average intangible assets and other servicing rights

(15)

(15)

(17)

(16)

(17)

Average tangible common equity (b)

12,079

12,058

11,880

11,723

11,605

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

15,605

15,864

15,626

15,404

15,469

Less: 

Preferred stock

(1,331)

(1,331)

(1,331)

(1,331)

(1,331)

Goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,416)

Intangible assets and other servicing rights

(14)

(15)

(16)

(16)

(17)

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

11,844

12,102

11,863

11,641

11,705

Less: Accumulated other comprehensive income

(291)

(588)

(429)

(301)

(382)

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

11,553

11,514

11,434

11,340

11,323

Total assets (U.S. GAAP)

141,658

140,470

138,706

134,188

132,562

Less: 

Goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,416)

Intangible assets and other servicing rights

(14)

(15)

(16)

(16)

(17)

Tangible assets, including unrealized gains / losses (e)

139,228

138,039

136,274

131,756

130,129

Less: Accumulated other comprehensive income / loss, before tax

(448)

(905)

(660)

(463)

(588)

Tangible assets, excluding unrealized gains / losses (f)

138,780

137,134

135,614

131,293

129,541

Common shares outstanding (g)

810

815

824

834

844

Ratios:

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

9.7%

11.7%

12.1%

11.1%

14.4%

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

8.33%

8.40%

8.43%

8.64%

8.74%

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

8.51%

8.77%

8.71%

8.84%

9.00%

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

$14.62

$14.85

$14.40

$13.95

$13.86

For the Three Months Ended

21

Fifth Third Bank | All Rights Reserved

Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

June

March

December

September

June

2015

2015

2014

2014

2014

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

N/A

N/A

15,626

15,404

15,469

Goodwill and certain other intangibles

N/A

N/A

(2,476)

(2,484)

(2,484)

Unrealized gains

N/A

N/A

(429)

(301)

(382)

Qualifying trust preferred securities

N/A

N/A

60

60

60

Other

N/A

N/A

(17)

(18)

(19)

Tier I capital

N/A

N/A

12,764

12,661

12,644

Less:

Preferred stock

N/A

N/A

(1,331)

(1,331)

(1,331)

Qualifying trust preferred securities

N/A

N/A

(60)

(60)

(60)

Qualifying noncontrolling interest in consolidated subsidiaries

N/A

N/A

(1)

(1)

(1)

Tier I common equity (a)

N/A

(2)

N/A

(2)

11,372

11,269

11,252

Risk-weighted assets (actual) (b)

(1)

123,134

121,310

117,878

116,917

117,117

Ratio:

Tier I common equity (a) / (b)

N/A

(2)

N/A

(2)

9.65%

9.64%

9.61%

Basel

III

Final

Rule

-

Transitional

to

fully

phased-in

CET 1 capital (transitional)

11,582

11,543

Less: Adjustments to CET 1 capital from transitional to fully phased-in

(3)

(12)

(13)

CET 1 capital (fully phased-in) (c)

11,570

11,530

Risk-weighted assets (transitional)

123,134

121,310

Add: Adjustments to risk-weighted assets from transitional to fully phased-in

(4)

1,280

1,182

Risk-weighted assets (fully phased-in) (d)

124,414

122,492

Estimated CET 1 capital ratio under Basel III Final Rule (fully phased-in) (c) / (d)

9.30%

9.41%

(1)

(2)

The Bancorp became subject to the Basel III Final Rule on January 1, 2015. This codified in the federal banking regulations the risk-based capital ratios the Bancorp is now subject to, as such these ratios are no longer

considered Non-GAAP measures.

(3)

Primarily relates to disallowed intangible assets (other than goodwill and MSRs, net of associated deferred tax liabilities).

(4)

Primarily relates to higher risk-weighting for MSRs.

For the Three Months Ended

Basel I

Basel III Transitional

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, along with the measure for market risk, resulting in the Bancorp’s total risk-weighted assets.

EX-99.3

Exhibit 99.3

July 2015

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

SVP / Investor Relations

(513) 534-8424

Page 1

Quarterly Data	Three Months Ended
	June		March		December		September		June		March		December		September
	2015		2015		2014		2014		2014		2014		2013		2013
Ratios (percent)
Return on average assets		0.90		1.06		1.13		1.02		1.34		1.00		1.24		1.35
Return on average common equity		8.1		9.7		10.0		9.2		11.9		9.0		10.8		12.1
Average Bancorp shareholders’ equity as a percent of average assets		11.32		11.49		11.54		11.71		11.57		11.53		11.51		11.71
Net interest margin(a)		2.90		2.86		2.96		3.10		3.15		3.22		3.21		3.31
Efficiency(a)		65.4		62.3		59.6		62.1		58.2		64.9		61.5		59.2
Net losses charged-off as a percent of average portfolio loans and leases		0.37		0.41		0.83		0.50		0.45		0.76		0.67		0.49
ALLL as a percent of portfolio loans and leases		1.39		1.42		1.47		1.56		1.61		1.65		1.79		1.92
Allowance for credit losses as a percent of portfolio loans and leases		1.54		1.57		1.62		1.71		1.77		1.82		1.97		2.11
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(b)		0.67		0.76		0.82		0.88		0.92		1.05		1.10		1.16
Allowance for loan and lease losses as a percent of nonperforming assets(b)		206		188		178		178		175		157		161		165
Allowance for credit losses as a percent of nonperforming assets(b)		228		207		196		195		192		173		178		182
Common Share Data
Earnings per share—basic	$	0.36	$	0.42	$	0.44	$	0.39	$	0.49	$	0.36	$	0.44	$	0.47
Earnings per share—diluted	$	0.36	$	0.42	$	0.43	$	0.39	$	0.49	$	0.36	$	0.43	$	0.47
Cash dividends per common share		0.13		0.13		0.13		0.13		0.13		0.12		0.12		0.12
Book value per share		17.62		17.83		17.35		16.87		16.74		16.27		15.85		15.84
Common shares outstanding, excluding treasury		810,054,148		815,190,210		824,046,952		834,261,897		844,488,849		847,568,728		855,305,745		887,029,539
Market price per share:
High	$	21.69	$	20.21	$	20.69	$	21.75	$	23.19	$	23.39	$	21.04	$	19.69
Low		18.91		17.22		17.74		19.52		20.03		20.50		17.50		18.04
End of period		20.82		18.85		20.38		20.02		21.35		22.96		21.03		18.05
Supplemental Data
Common dividends declared ($ in millions)	$	105	$	106	$	107	$	108	$	110	$	102	$	103	$	106
Full-time equivalent employees		18,527		18,471		18,351		18,503		18,732		19,080		19,446		20,256
Banking centers		1,299		1,303		1,302		1,308		1,309		1,311		1,320		1,326
ATMs		2,630		2,637		2,638		2,639		2,619		2,614		2,586		2,374

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

(b) Excludes nonperforming assets held for sale.

Page 2

Quarterly Data	Three Months Ended
	June			March			December			September			June			March			December			September
	2015			2015			2014			2014			2014			2014			2013			2013
Income Statement ($ in millions)
Interest income (FTE)	$	1,008		$	975		$	1,016		$	1,023		$	1,013		$	998		$	1,007		$	997
Interest expense		116			123			128			115			108			100			102			99
Net interest income (FTE)		892			852			888			908			905			898			905			898
Provision for loan and lease losses		79			69			99			71			76			69			53			51
Noninterest income:
Service charges on deposits		139			135			142			145			139			133			142			140
Investment advisory revenue		105			108			100			103			102			102			98			97
Corporate banking revenue		113			63			120			100			107			104			94			102
Mortgage banking net revenue		117			86			61			61			78			109			126			121
Card and processing revenue		77			71			76			75			76			68			71			69
Other noninterest income		1			163			150			33			226			41			170			185
Securities gains, net		4			4			4			3			8			7			2			2
Securities gains, net—non-qualifying hedges on mortgage servicing rights		—			—			—			—			—			—			—			5
Total noninterest income		556			630			653			520			736			564			703			721
Noninterest expense:
Salaries, wages and incentives		383			369			366			357			368			359			388			389
Employee benefits		78			99			79			75			79			101			78			83
Net occupancy expense		83			79			77			78			79			80			77			75
Technology and communications		54			55			54			53			52			53			53			52
Equipment expense		31			31			30			30			30			30			29			29
Card and processing expense		38			36			36			37			37			31			37			33
Other noninterest expense		280			254			276			258			309			296			327			298
Total noninterest expense		947			923			918			888			954			950			989			959
Income before income taxes (FTE)		422			490			524			469			611			443			566			609
Taxable equivalent adjustment		5			5			5			5			5			5			5			5
Income before income taxes		417			485			519			464			606			438			561			604
Applicable income tax expense		108			124			134			124			167			119			159			183
Net income	$	309		$	361		$	385		$	340		$	439		$	319		$	402		$	421
Less: Net income attributable to noncontrolling interests		(6	)		—			—			—			—			1			—			—
Net income attributable to Bancorp	$	315		$	361		$	385		$	340		$	439		$	318		$	402		$	421
Dividends on preferred stock		23			15			23			12			23			9			19			—
Net income available to common shareholders	$	292		$	346		$	362		$	328		$	416		$	309		$	383		$	421
	Basel III Transitional						Basel I
Regulatory Capital Data ($ in millions)(a)
CET1 capital	$	11,582		$	11,543			N/A			N/A			N/A			N/A			N/A			N/A
Additional tier I capital		1,340			1,339			N/A			N/A			N/A			N/A			N/A			N/A
Tier I capital	$	12,922		$	12,882		$	12,764		$	12,661		$	12,644		$	12,182		$	12,094		$	12,762
Tier II capital		3,909			4,112			4,131			4,103			4,101			4,174			4,337			3,665
Total risk-based capital	$	16,831		$	16,994		$	16,895		$	16,764		$	16,745		$	16,356		$	16,431		$	16,427
Risk-weighted assets	$	123,134	(b)	$	121,310	(b)	$	117,878		$	116,917		$	117,117		$	116,622		$	115,969		$	113,801
CET1 capital ratio		9.41	%(b)		9.52	%(b)		N/A			N/A			N/A			N/A			N/A			N/A
Tier I risk-based capital ratio		10.49	%(b)		10.62	%(b)		10.83	%		10.83	%		10.80	%		10.45	%		10.43	%		11.21	%
Total risk-based capital ratio		13.67	%(b)		14.01	%(b)		14.33	%		14.34	%		14.30	%		14.02	%		14.17	%		14.43	%
Tier I leverage ratio		9.44	%		9.59	%		9.66	%		9.82	%		9.86	%		9.71	%		9.73	%		10.64	%
Tier I common equity ratio		N/A			N/A			9.65	%(c)		9.64	%(c)		9.61	%(c)		9.51	%(c)		9.45	%(c)		9.95	%(c)
CET1 capital ratio (fully phased-in)		9.30	%(b)(c)		9.41	%(b)(c)		N/A			N/A			N/A			N/A			N/A			N/A

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

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

(c) This ratio has been included herein to facilitate a greater understanding of the Bancorp’s capital structure and financial condition. This is a Non-GAAP measure.

Page 3

Quarterly Data	As of
	June 2015			March 2015			December 2014			September 2014			June 2014			March 2014			December 2013			September 2013
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,785		$	2,920		$	3,091		$	3,125		$	3,312		$	3,153		$	3,178		$	2,887
Available-for-sale and other securities		27,987			26,409			22,408			22,912			22,814			20,749			18,597			18,080
Held-to-maturity securities		157			177			187			191			194			195			208			265
Trading securities		370			392			360			389			361			347			343			246
Other short-term investments		3,451			4,919			7,914			3,637			2,386			2,202			5,116			2,622
Total cash and securities		34,750			34,817			33,960			30,254			29,067			26,646			27,442			24,100
Loans held for sale		995			724			1,261			641			682			780			944			1,330
Portfolio loans and leases		92,703			91,244			90,084			90,624			90,484			89,705			88,614			87,231
Total loans and leases		93,698			91,968			91,345			91,265			91,166			90,485			89,558			88,561
Allowance for loan and lease losses		(1,293	)		(1,300	)		(1,322	)		(1,414	)		(1,458	)		(1,483	)		(1,582	)		(1,677	)
Bank premises and equipment		2,298			2,433			2,465			2,467			2,491			2,528			2,531			2,528
Operating lease equipment		670			695			728			732			667			714			730			707
Goodwill		2,416			2,416			2,416			2,416			2,416			2,416			2,416			2,416
Intangible assets		13			14			15			16			17			18			19			21
Servicing rights		854			789			858			935			931			975			971			919
Other real estate owned(a)		163			187			217			242			266			291			299			312
Other assets		8,089			8,451			8,024			7,275			6,999			7,064			8,059			7,786
Total assets	$	141,658		$	140,470		$	138,706		$	134,188		$	132,562		$	129,654		$	130,443		$	125,673
Liabilities
Deposits:
Demand	$	35,449		$	35,343		$	34,809		$	32,258		$	32,140		$	31,234		$	32,634		$	30,153
Interest checking		27,074			27,191			26,800			24,930			24,744			25,472			25,875			23,527
Savings		14,976			15,355			15,051			15,355			16,087			16,867			17,045			17,583
Money market		17,900			18,105			17,083			16,199			14,216			13,208			11,644			10,433
Foreign office		728			811			1,114			1,577			1,418			1,922			1,976			1,409
Other time		4,050			4,044			3,960			3,856			3,724			3,660			3,530			3,524
Certificates—$100,000 and over		2,846			2,566			2,895			3,117			3,623			4,511			6,571			7,497
Total deposits		103,023			103,415			101,712			97,292			95,952			96,874			99,275			94,126
Federal funds purchased		126			200			144			148			153			268			284			225
Other short-term borrowings		4,136			1,413			1,556			2,730			3,146			2,717			1,380			3,487
Other liabilities		5,214			5,483			4,662			4,239			3,842			3,698			5,245			5,057
Long-term debt		13,521			14,055			14,967			14,336			13,961			11,233			9,633			8,098
Total liabilities	$	126,020		$	124,566		$	123,041		$	118,745		$	117,054		$	114,790		$	115,817		$	110,993
Equity
Common and preferred equity	$	17,578		$	17,421		$	17,169		$	16,889		$	16,661		$	16,122		$	15,802		$	15,085
Net unrealized gains:
Available-for-sale securities		327			608			475			338			410			231			121			268
Qualifying cash flow hedges		29			47			23			12			22			16			13			31
Accumulated other comprehensive income
related to employee benefit plans		(65	)		(67	)		(69	)		(49	)		(50	)		(51	)		(52	)		(81	)
Treasury stock, at cost		(2,264	)		(2,145	)		(1,972	)		(1,786	)		(1,574	)		(1,492	)		(1,295	)		(662	)
Total Bancorp shareholders’ equity		15,605			15,864			15,626			15,404			15,469			14,826			14,589			14,641
Noncontrolling interests		33			40			39			39			39			38			37			39
Total equity	$	15,638		$	15,904		$	15,665		$	15,443		$	15,508		$	14,864		$	14,626		$	14,680
Total liabilities and equity	$	141,658		$	140,470		$	138,706		$	134,188		$	132,562		$	129,654		$	130,443		$	125,673
Share Data
Preferred shares outstanding—Series H		24,000			24,000			24,000			24,000			24,000			24,000			24,000			24,000
Preferred shares outstanding—Series I		18,000			18,000			18,000			18,000			18,000			18,000			18,000			—
Preferred shares outstanding—Series J		12,000			12,000			12,000			12,000			12,000			—			—			—
Common shares outstanding, excluding treasury		810,054,148			815,190,210			824,046,952			834,261,897			844,488,849			847,568,728			855,305,745			887,029,539
Treasury shares held		113,838,433			108,702,371			99,845,629			89,630,684			79,403,732			76,323,853			68,586,836			36,863,042

(a) Includes OREO related to government insured loans. Upon the prospective adoption on January 1, 2015 of ASU 2014-14 “Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure,” government guaranteed loans meeting certain criteria were reclassified to other receivables rather than OREO upon foreclosure.

Page 4

Quarterly Data
	Three Months Ended
	June 2015			March 2015			December 2014			September 2014			June 2014			March 2014			December 2013			September 2013
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	92,739		$	91,659		$	91,581			91,428		$	91,241		$	90,238		$	88,865		$	89,154
Taxable securities		27,344			23,102			22,364			22,594			21,706			20,385			18,383			16,590
Tax exempt securities		59			59			64			50			52			46			48			44
Other short-term investments		3,160			5,877			5,176			2,283			2,182			2,509			4,612			1,894
Total interest-earning assets		123,302			120,697			119,185			116,355			115,181			113,178			111,908			107,682
Cash and due from banks		2,636			2,830			3,008			2,862			2,847			2,850			2,956			2,380
Other assets		15,354			15,446			14,800			14,461			14,417			14,478			14,986			15,015
Allowance for loan and lease losses		(1,300	)		(1,322	)		(1,413	)		(1,458	)		(1,480	)		(1,576	)		(1,671	)		(1,731	)
Total assets	$	139,992		$	137,651		$	135,580		$	132,220		$	130,965		$	128,930		$	128,179		$	123,346
Liabilities
Interest-bearing liabilities:
Interest checking	$	26,894		$	26,885		$	25,478		$	24,926		$	25,222		$	25,911		$	24,650		$	23,116
Savings		15,156			15,174			15,173			15,759			16,509			16,903			17,323			18,026
Money market		18,071			17,492			17,023			15,222			13,942			12,439			11,285			9,693
Foreign office		955			861			1,439			1,663			2,200			2,017			1,717			1,755
Other time		4,074			4,022			3,936			3,800			3,693			3,616			3,529			3,676
Certificates—$100,000 and over		2,558			2,683			2,998			3,339			3,840			5,576			7,456			7,315
Other foreign office		—			—			—			—			—			—			—			17
Federal funds purchased		326			172			161			520			606			547			301			464
Other short-term borrowings		1,705			1,602			1,481			1,973			2,234			1,808			2,177			1,675
Long-term debt		13,773			14,448			14,855			13,955			12,524			10,313			9,135			7,453
Total interest-bearing liabilities		83,512			83,339			82,544			81,157			80,770			79,130			77,573			73,190
Demand deposits		35,384			33,760			33,301			31,790			31,275			30,626			30,765			30,655
Other liabilities		5,215			4,693			4,052			3,749			3,724			4,274			5,045			5,023
Total liabilities		124,111			121,792			119,897			116,696			115,769			114,030			113,383			108,868
Equity		15,881			15,859			15,683			15,524			15,196			14,900			14,796			14,478
Total liabilities and equity	$	139,992		$	137,651		$	135,580		$	132,220		$	130,965		$	128,930		$	128,179		$	123,346
Average loans and leases (excluding held for sale)	$	92,173		$	90,508		$	91,041		$	90,799		$	90,549		$	89,530		$	87,895		$	87,272
Share Data
Average common shares outstanding - basic		803,965,057			810,209,585			819,057,247			829,391,505			838,492,046			845,860,065			868,077,089			880,182,513
Average common shares outstanding - diluted		812,842,540			818,672,259			827,831,317			838,324,420			848,245,111			857,923,596			877,510,663			888,111,269

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Quarterly Data	Three Months Ended
	June 2015			March 2015			December 2014			September 2014			June 2014			March 2014			December 2013			September 2013
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	42,812		$	42,062		$	40,801		$	41,111		$	41,364		$	40,692		$	39,347		$	38,260
Commercial mortgage loans		7,165			7,210			7,410			7,566			7,807			7,959			8,069			8,058
Commercial construction loans		2,709			2,303			2,071			1,704			1,426			1,220			1,041			879
Commercial leases		3,882			3,787			3,721			3,555			3,572			3,577			3,626			3,572
Subtotal - commercial		56,568			55,362			54,003			53,936			54,169			53,448			52,083			50,769
Consumer:
Residential mortgage loans		13,792			13,258			13,582			13,520			13,250			13,275			13,570			13,832
Home equity		8,591			8,714			8,886			8,987			9,056			9,125			9,246			9,356
Automobile loans		11,914			11,873			12,037			12,121			12,050			12,088			11,984			12,072
Credit card		2,278			2,291			2,401			2,317			2,261			2,177			2,294			2,157
Other consumer loans and leases		555			470			436			384			380			372			381			375
Subtotal - consumer		37,130			36,606			37,342			37,329			36,997			37,037			37,475			37,792
Total loans and leases	$	93,698		$	91,968		$	91,345		$	91,265		$	91,166		$	90,485		$	89,558		$	88,561
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	42,554		$	41,462		$	41,313		$	41,525		$	41,451		$	40,409		$	38,846		$	38,145
Commercial mortgage loans		7,149			7,248			7,482			7,637			7,886			7,983			8,051			8,280
Commercial construction loans		2,549			2,198			1,911			1,565			1,364			1,118			955			797
Commercial leases		3,776			3,716			3,601			3,576			3,556			3,607			3,579			3,574
Subtotal - commercial		56,028			54,624			54,307			54,303			54,257			53,117			51,431			50,796
Consumer:
Residential mortgage loans		13,375			13,515			13,526			13,342			13,202			13,304			13,544			14,333
Home equity		8,655			8,802			8,937			9,009			9,101			9,194			9,296			9,432
Automobile loans		11,902			11,933			12,073			12,105			12,070			12,023			12,019			12,083
Credit card		2,296			2,321			2,324			2,295			2,232			2,230			2,202			2,140
Other consumer loans and leases		483			464			414			374			379			370			373			370
Subtotal - consumer		36,711			37,035			37,274			37,125			36,984			37,121			37,434			38,358
Total average loans and leases	$	92,739		$	91,659		$	91,581		$	91,428		$	91,241		$	90,238		$	88,865		$	89,154
Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	217		$	231		$	269		$	305		$	323		$	398		$	387		$	391
Nonaccrual loans held for sale		1			2			24			4			5			3			6			11
Restructured loans - (nonaccrual) held for sale		—			—			15			3			—			—			—			—
Restructured loans and leases (nonaccrual) portfolio		258			295			310			315			317			335			364			379
OREO and other repossessed property(a)		151			165			165			176			192			213			229			244
Total nonperforming assets	$	627		$	693		$	783		$	803		$	837		$	949		$	986		$	1,025
Ninety days past due loans and leases	$	70		$	78		$	87		$	87		$	94		$	94		$	103		$	156
Nonperforming Loans ($ in millions)(nonaccrual plus renegotiated)
Commercial and industrial loans and leases	$	182		$	200		$	241		$	267		$	249		$	301		$	287		$	310
Commercial mortgage loans		106			126			146			121			141			147			146			187
Commercial construction loans		—			1			2			4			10			19			31			34
Residential mortgage loans		62			70			94			111			117			141			165			166
Home equity		88			90			93			85			93			94			93			48
Other consumer loans and leases		38			41			42			39			35			34			35			36
Total nonperforming loans and leases (including held for sale)	$	476		$	528		$	618		$	627		$	645		$	736		$	757		$	781
Credit Charge-Offs ($ in millions)
Losses charged-off	($	112	)	($	115	)	($	215	)	($	146	)	($	127	)	($	190	)	($	183	)	($	141	)
Recoveries of losses previously charged-off		26			24			24			31			26			22			35			32
Net losses charged-off	($	86	)	($	91	)	($	191	)	($	115	)	($	101	)	($	168	)	($	148	)	($	109	)

(a) Excludes OREO related to government insured loans. The Bancorp has historically excluded government guaranteed loans classified in OREO from its nonperforming asset disclosures. Upon the prospective adoption on January 1, 2015 of ASU 2014-14 “Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure,” government guaranteed loans meeting certain criteria will be reclassified to other receivables rather than OREO upon foreclosure.

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