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): October 20, 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 October 20, 2015 Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the third 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 October 20, 2015 Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the third 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 October 20, 2015

Exhibit 99.2 – Third 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)
October 20, 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	October 20, 2015
	Larry Magnesen (Media)
	(513) 534-8055

FIFTH THIRD ANNOUNCES THIRD QUARTER 2015 NET INCOME TO COMMON SHAREHOLDERS OF $366 MILLION, OR $0.45 PER DILUTED SHARE

• 3Q15 net income available to common shareholders of $366 million, or $0.45 per diluted common share

• Includes a $130 million pre-tax (~$84 million after tax) positive valuation adjustment on the warrant Fifth Third holds in Vantiv, $35 million pre-tax (~$23 million after tax) of provision expense related to the restructuring of a student loan backed commercial credit originally extended in 2007, a $9 million pre-tax (~$6 million after tax) charge associated with executive retirement and severance costs, and an $8 million pre-tax (~$5 million after tax) charge related to the valuation of the Visa total return swap, resulting in a net $0.06 impact on earnings per share

• 3Q15 return on average assets (ROA) of 1.07%; return on average common equity of 10.0%; return on average tangible common equity** of 12.0%

• Pre-provision net revenue (PPNR)** of $671 million in 3Q15

• Net interest income (FTE) of $906 million, up 2 percent sequentially and flat from 3Q14; net interest margin of 2.89%, down 1 bp sequentially

• Average portfolio loans of $93.4 billion, up $1.2 billion sequentially and up $2.6 billion from 3Q14; both increases primarily driven by increases in C&I loans

• Noninterest income of $713 million compared with $556 million in the prior quarter; impacted by valuations on the Vantiv warrant in both quarters, lower mortgage banking net revenue, and the impairment charge related to announced changes in the branch network in the prior quarter

• Noninterest expense of $943 million, flat from prior quarter

• Credit trends

• 3Q15 net charge-offs of $188 million (0.80% of loans and leases) increased from 2Q15 NCOs of $86 million (0.37% of loans and leases) due to the $102 million impact from the restructuring of a student loan backed commercial credit originally extended in 2007

• Portfolio NPA ratio of 0.65% down 2 bps from 2Q15, NPL ratio of 0.49% down 2 bps from 2Q15; total nonperforming assets (NPAs) of $608 million, including loans held-for-sale (HFS), declined $19 million sequentially

• 3Q15 provision expense of $156 million; $79 million in 2Q15 and $71 million in 3Q14; increases driven by a $35 million expense related to the restructuring of a student loan backed commercial credit originally extended in 2007 in 3Q15 and broadening global economic slowdown and associated implications

• Strong capital ratios*

• Common equity Tier 1 (CET1) ratio 9.40%; fully phased-in CET1 ratio of 9.30%

• Tier 1 risk-based capital ratio 10.49%, Total risk-based capital ratio 13.68%, Leverage ratio 9.38%

• Tangible common equity ratio** of 8.65%; 8.32% excluding securities portfolio unrealized gains/losses

• 15 million reduction in common shares outstanding during the quarter

• Book value per share of $18.22 up 3 percent from 2Q15 and up 8 percent from 3Q14; tangible book value per share** of $15.18

* 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 third quarter 2015 net income of $381 million versus net income of $315 million in the second quarter of 2015 and $340 million in the third quarter of 2014. After preferred dividends, net income available to common shareholders was $366 million, or $0.45 per diluted share, in the third quarter of 2015, compared with $292 million, or $0.36 per diluted share, in the second quarter of 2015, and $328 million, or $0.39 per diluted share, in the third quarter of 2014.

Third quarter 2015 included:

Income

• $130 million positive valuation adjustment on the Vantiv warrant

• ($8 million) charge related to the valuation of the Visa total return swap

Expense

• ($9 million) charge associated with executive retirement and severance costs

Results also included $35 million of provision expense related to the restructuring of a student loan backed commercial credit originally extended in 2007.

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

Third quarter 2014 included:

Income

• ($53 million) negative valuation adjustment on the Vantiv warrant

• ($3 million) charge related to the valuation of the Visa total return swap

2

Earnings Highlights

	For the Three Months Ended															% Change
	September 2015			June 2015			March 2015			December 2014			September 2014			Seq			Yr/Yr
Earnings ($ in millions)
Net income attributable to Bancorp	$	381		$	315		$	361		$	385		$	340			21%			12%
Net income available to common shareholders	$	366		$	292		$	346		$	362		$	328			25%			12%
Common Share Data
Earnings per share, basic		0.46			0.36			0.42			0.44			0.39			28%			18%
Earnings per share, diluted		0.45			0.36			0.42			0.43			0.39			25%			15%
Cash dividends per common share		0.13			0.13			0.13			0.13			0.13			—			—
Financial Ratios
Return on average assets		1.07	%		0.90	%		1.06	%		1.13	%		1.02	%		19%			5%
Return on average common equity		10.0			8.1			9.7			10.0			9.2			23%			9%
Return on average tangible common equity(b)		12.0			9.7			11.7			12.1			11.1			25%			9%
CET1 capital(c)		9.40			9.42			9.52			N/A			N/A			—			N/A
Tier I risk-based capital(c)		10.49			10.51			10.62			10.83			10.83			—			N/A
Tier I common equity(b)		N/A			N/A			N/A			9.65			9.64			N/A			N/A
CET1 capital (fully-phased in)(b)(c)		9.30			9.31			9.41			N/A			N/A			—			N/A
Net interest margin(a)		2.89			2.90			2.86			2.96			3.10			—			(7%	)
Efficiency(a)		58.2			65.4			62.3			59.6			62.1			(11%	)		(6%	)
Common shares outstanding (in thousands)		795,439			810,054			815,190			824,047			834,262			(2%	)		(5%	)
Average common shares outstanding (in thousands):
Basic		795,793			803,965			810,210			819,057			829,392			(1%	)		(4%	)
Diluted		805,023			812,843			818,672			827,831			838,324			(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 had a very active quarter as we made progress in our strategic business executions to improve the future performance of our company,” said Greg D. Carmichael, President and CEO-elect of Fifth Third Bancorp. “During the quarter we executed the sale of 29 retail locations in Pittsburgh and St. Louis which are expected to close early next year, while the remaining branch consolidations continue on the planned track for completion by the middle of 2016. In the past few weeks, we also resolved three significant, long-standing matters with government agencies, as previously disclosed. In addition, during the quarter we added three seasoned, key executives to the executive team. I am confident that we have the experience and talent to achieve our goal to be the top performing bank across the full business cycle. Our focus is on building long-term value for our shareholders by growing profitable relationships with our retail and commercial clients as a trusted partner.

3

“Our core businesses continue to produce solid results despite the uncertainties surrounding the domestic and global economic environment,” said Carmichael. “Current strategies reflect our focus on loan growth and revenue generation with an emphasis on maintaining a strong balance sheet that will perform well in a variety of economic environments. The business decisions and risk management actions this quarter and going forward will continue to reflect our fundamental goal to produce consistent, long-term outperformance in our sector. Our management team will maintain that discipline in all of our businesses.

“Net interest income was up 2 percent sequentially and flat from a year ago, supported by growth in our commercial business, particularly in C&I lending, which was up 1 percent sequentially and 4 percent from a year ago. Corporate banking revenues grew 4 percent from a year ago, driven by capital markets fee growth of 17%. Our balance sheet remains well-positioned with appropriate interest rate and liquidity risk positions for the current rate environment.

“As I begin my tenure as CEO, our 18,000-plus team members are focused on maintaining the historical core performance of the company and creating and sustaining the operational excellence necessary to perform well through the economic cycles.”

Income Statement Highlights

	For the Three Months Ended											% Change
	September 2015		June 2015			March 2015		December 2014		September 2014		Seq			Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	906	$	892		$	852	$	888	$	908		2	%		—
Provision for loan and lease losses		156		79			69		99		71		97	%		NM
Total noninterest income		713		556			630		653		520		28	%		37	%
Total noninterest expense		943		947			923		918		888		—			6	%
Income before income taxes (taxable equivalent)		520		422			490		524		469		23	%		11	%
Taxable equivalent adjustment		5		5			5		5		5		—			—
Applicable income taxes		134		108			124		134		124		24	%		8	%
Net income		381		309			361		385		340		23	%		12	%
Less: Net income attributable to noncontrolling interests		—		(6	)		—		—		—		(100	%)		—
Net income attributable to Bancorp		381		315			361		385		340		21	%		12	%
Dividends on preferred stock		15		23			15		23		12		(35	%)		25	%
Net income available to common shareholders		366		292			346		362		328		25	%		12	%
Earnings per share, diluted	$	0.45	$	0.36		$	0.42	$	0.43	$	0.39		25	%		15	%

4

Net Interest Income

	For the Three Months Ended															% Change
	September 2015			June 2015			March 2015			December 2014			September 2014			Seq			Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,031		$	1,008		$	975		$	1,016		$	1,023			2	%		1	%
Total interest expense		125			116			123			128			115			8	%		9	%
Net interest income (taxable equivalent)	$	906		$	892		$	852		$	888		$	908			2	%		—
Average Yield
Yield on interest-earning assets (taxable equivalent)		3.29	%		3.28	%		3.28	%		3.38	%		3.49	%		—			(6	%)
Rate paid on interest-bearing liabilities		0.58	%		0.56	%		0.60	%		0.61	%		0.56	%		4	%		4	%
Net interest rate spread (taxable equivalent)		2.71	%		2.72	%		2.68	%		2.77	%		2.93	%		—			(8	%)
Net interest margin (taxable equivalent)		2.89	%		2.90	%		2.86	%		2.96	%		3.10	%		—			(7	%)
Average Balances ($ in millions)
Loans and leases, including held for sale	$	94,329		$	92,739		$	91,659		$	91,581		$	91,428			2	%		3	%
Total securities and other short-term investments		30,102			30,563			29,038			27,604			24,927			(2	%)		21	%
Total interest-earning assets		124,431			123,302			120,697			119,185			116,355			1	%		7	%
Total interest-bearing liabilities		85,204			83,512			83,339			82,544			81,157			2	%		5	%
Bancorp shareholders’ equity		15,815			15,841			15,820			15,644			15,486			—			2	%

Net interest income increased $14 million to $906 million on a fully taxable equivalent basis from the second quarter, primarily driven by loan growth, partially offset by interest expense associated with the $1.1 billion of holding company debt and $1.3 billion of bank-level debt issued in the third quarter of 2015.

The net interest margin was 2.89 percent, a decrease of 1 bp from the previous quarter, primarily driven by the impact of debt issuances discussed above, day count, and loan yield compression, partially offset by the benefit of the slightly lower short-term cash position during the quarter.

Compared with the third quarter of 2014, net interest income decreased $2 million and the net interest margin decreased 21 bps. The decrease in net interest income was driven by a $24 million decline due to the 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 an 8 basis point impact due to the changes to the deposit advance product and loan repricing.

Securities

Average securities and other short-term investments were $30.1 billion in the third quarter of 2015 compared with $30.6 billion in the previous quarter and $24.9 billion in the third quarter of 2014. Other short-term investments average balances of $1.8 billion decreased $1.4 billion sequentially reflecting lower cash balances held at the Federal Reserve. On an end of period basis, securities balances of $29.3 billion increased $816 million driven by purchases funded with cash balances at the Federal Reserve held in other short-term investments and the increase in the unrealized gain in the available-for-sale portfolio of $309 million.

5

Loans

	For the Three Months Ended										% Change
	September 2015		June 2015		March 2015		December 2014		September 2014		Seq			Yr/Yr
Average Portfolio Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	43,149	$	42,550	$	41,426	$	41,277	$	41,477		1	%		4	%
Commercial mortgage loans		7,023		7,148		7,241		7,480		7,633		(2	%)		(8	%)
Commercial construction loans		2,965		2,549		2,197		1,909		1,563		16	%		90	%
Commercial leases		3,846		3,776		3,715		3,600		3,571		2	%		8	%
Subtotal—commercial loans and leases		56,983		56,023		54,579		54,266		54,244		2	%		5	%
Consumer:
Residential mortgage loans		13,144		12,831		12,433		13,046		12,785		2	%		3	%
Home equity		8,479		8,654		8,802		8,937		9,009		(2	%)		(6	%)
Automobile loans		11,877		11,902		11,933		12,073		12,105		—			(2	%)
Credit card		2,277		2,296		2,321		2,324		2,295		(1	%)		(1	%)
Other consumer loans and leases		613		467		440		395		361		31	%		70	%
Subtotal—consumer loans and leases		36,390		36,150		35,929		36,775		36,555		1	%		—
Total average loans and leases (excluding held for sale)	$	93,373	$	92,173	$	90,508	$	91,041	$	90,799		1	%		3	%
Average loans held for sale		956		566		1,151		540		629		69	%		52	%

Average loan and lease balances (excluding loans held-for-sale) increased $1.2 billion, or 1 percent, sequentially and increased $2.6 billion, or 3 percent, from the third 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 and commercial mortgage balances. Period end loans and leases (excluding loans held-for-sale) of $93.6 billion increased $871 million, or 1 percent, sequentially and increased $3.0 billion, or 3 percent, from a year ago.

Average commercial portfolio loan and lease balances increased $960 million, or 2 percent, sequentially and increased $2.7 billion, or 5 percent, from the third quarter of 2014. Average C&I loans increased $599 million, or 1 percent, from the prior quarter and increased $1.7 billion, or 4 percent, from the third quarter of 2014. Within commercial real estate, average commercial mortgage balances continued to decline and average commercial construction balances increased due to better customer activity and the continued focus on that business. Commercial line usage, on an end of period basis, was 32 percent of committed lines in the third quarter of 2015 compared with 33 percent in the second quarter of 2015 and 32 percent in the third quarter of 2014.

Average consumer portfolio loan and lease balances increased $240 million, or 1 percent, sequentially and were flat year-over-year. Average residential mortgage loans increased 2 percent sequentially and 3 percent from a year ago. Average auto loans were flat sequentially and down 2 percent from the previous year. Average home equity loans declined 2 percent sequentially and 6 percent from the third quarter of 2014. Average credit card loans decreased 1 percent sequentially and from the third quarter of 2014.

6

Average loans held-for-sale balances of $956 million increased $390 million sequentially primarily due to loans associated with the announced sale of certain branches during the quarter, and increased $327 million compared with the third quarter of 2014.

Deposits

	For the Three Months Ended										% Change
	September 2015		June 2015		March 2015		December 2014		September 2014		Seq			Yr/Yr
Average Deposits ($ in millions)
Demand	$	35,231	$	35,384	$	33,760	$	33,301	$	31,790		—			11	%
Interest checking		25,590		26,894		26,885		25,478		24,926		(5	%)		3	%
Savings		14,868		15,156		15,174		15,173		15,759		(2	%)		(6	%)
Money market		18,253		18,071		17,492		17,023		15,222		1	%		20	%
Foreign office(a)		718		955		861		1,439		1,663		(25	%)		(57	%)
Subtotal—Transaction deposits		94,660		96,460		94,172		92,414		89,360		(2	%)		6	%
Other time		4,057		4,074		4,022		3,936		3,800		—			7	%
Subtotal—Core deposits		98,717		100,534		98,194		96,350		93,160		(2	%)		6	%
Certificates—$100,000 and over		2,924		2,558		2,683		2,998		3,339		14	%		(12	%)
Other		222		—		—		—		—		100	%		100	%
Total average deposits	$	101,863	$	103,092	$	100,877	$	99,348	$	96,499		(1	%)		6	%

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

Average core deposits decreased $1.8 billion, or 2 percent, sequentially and increased $5.6 billion, or 6 percent, from the third quarter of 2014. Average transaction deposits decreased $1.8 billion, or 2 percent, from the second quarter of 2015 primarily driven by lower interest checking and savings account balances, partially offset by higher money market account balances. The lower interest checking balances were largely due to targeted pricing changes in certain accounts. Year-over-year transaction deposits increased $5.3 billion, or 6 percent, driven by higher demand deposit, money market account, and interest checking account balances, partially offset by lower foreign office and savings account balances. Other time deposits were flat sequentially and increased 7 percent compared with the third quarter of 2014.

Average commercial transaction deposits decreased 2 percent sequentially and increased 9 percent from the previous year. Sequential performance was primarily driven by declines in interest checking account balances due to targeted pricing changes in LCR punitive accounts, partially offset by higher money market account and demand deposit account balances. Year-over-year growth reflected higher demand deposit, money market account, and interest checking account balances, partially offset by lower foreign office balances.

Average consumer transaction deposits decreased 2 percent sequentially and increased 4 percent from the third quarter of 2014. The sequential performance reflected lower demand deposit, savings, and interest checking account balances as a result of targeted repricing of certain deposit accounts. Year-over-year growth was driven by increased money market account, demand deposit, and interest checking account balances, partially offset by lower savings account balances.

7

Wholesale Funding

	For the Three Months Ended										% Change
	September 2015		June 2015		March 2015		December 2014		September 2014		Seq		Yr/Yr
Average Wholesale Funding ($ in millions)
Certificates—$100,000 and over	$	2,924	$	2,558	$	2,683	$	2,998	$	3,339		14%		(12%	)
Other deposits		222		—		—		—		—		100%		100%
Federal funds purchased		1,978		326		172		161		520		NM		NM
Other short-term borrowings		1,897		1,705		1,602		1,481		1,973		11%		(4%	)
Long-term debt		14,697		13,773		14,448		14,855		13,955		7%		5%
Total average wholesale funding	$	21,718	$	18,362	$	18,905	$	19,495	$	19,787		18%		10%

Average wholesale funding of $21.7 billion increased $3.4 billion, or 18 percent, sequentially, and increased $1.9 billion, or 10 percent, compared with the third quarter of 2014. The sequential increase was primarily driven by an increase in federal funds purchased, and the issuance of $1.1 billion of 5-year holding company debt and $1.3 billion of 3-year bank-level debt. Total wholesale funding was $23.5 billion on an end of period basis due to increased short-term borrowings in response to deposit runoff from targeted pricing changes in LCR punitive accounts and meeting quarter end cash targets. The year-over-year increase in average wholesale funding reflected an increase in long-term debt due to issuances during 2014 and 2015 and an increase in federal funds purchased, partially offset by decreases in certificates $100,000 and over and other short-term borrowings.

Noninterest Income

	For the Three Months Ended										% Change
	September 2015		June 2015		March 2015		December 2014		September 2014		Seq			Yr/Yr
Noninterest Income ($ in millions)
Service charges on deposits	$	145	$	139	$	135	$	142	$	145		4%			—
Corporate banking revenue		104		113		63		120		100		(8%	)		4%
Mortgage banking net revenue		71		117		86		61		61		(39%	)		16%
Investment advisory revenue		103		105		108		100		103		(2%	)		—
Card and processing revenue		77		77		71		76		75		—			3%
Other noninterest income		213		1		163		150		33		NM			NM
Securities gains, net		—		4		4		4		3		(100%	)		(100%	)
Total noninterest income	$	713	$	556	$	630	$	653	$	520		28%			37%

Noninterest income of $713 million increased $157 million sequentially and increased $193 million compared with prior year results. The sequential and year-over-year comparisons reflect the impacts described below.

8

Noninterest Income excluding certain items

	For the Three Months Ended									% Change
	September 2015			June 2015			September 2014			Seq			Yr/Yr
Noninterest Income excluding certain items ($ in millions)
Noninterest income (U.S. GAAP)	$	713		$	556		$	520
Vantiv warrant valuation		(130	)		(14	)		53
Valuation of Visa total return swap		8			2			3
Branch / land valuation adjustments		—			97			—
Securities (gains) / losses		—			(4	)		(3	)
Noninterest income excluding certain items	$	591		$	637		$	573			(7%	)		3	%

Excluding the items in the table above, noninterest income of $591 million decreased $46 million, or 7 percent, from the previous quarter and increased $18 million, or 3 percent, from the third quarter of 2014. The sequential decline was primarily due to decreases in mortgage banking net revenue and corporate banking revenue. The year-over-year increase was primarily due to higher mortgage banking net revenue.

Service charges on deposits of $145 million increased 4 percent from the second quarter and were flat compared with the same quarter last year. The sequential increase was due to a 6 percent increase in retail service charges due to seasonally higher overdraft occurrences as well as a 4 percent increase in commercial service charges.

Corporate banking revenue of $104 million decreased $9 million from the second quarter of 2015 and increased $4 million from the third quarter of 2014. The sequential decrease was primarily due to seasonally lower institutional sales revenue, business lending fees, and foreign exchange fees, partially offset by higher interest rate derivative fees and syndications revenue. The year-over-year increase was driven by higher institutional sales revenue and loan syndications revenue, partially offset by lower foreign exchange fees.

Mortgage banking net revenue was $71 million in the third quarter of 2015, down $46 million from the second quarter of 2015 and up $10 million from the third quarter of 2014. Third quarter 2015 originations were $2.3 billion, compared with $2.5 billion in the previous quarter and $2.1 billion in the third quarter of 2014. Third quarter 2015 originations resulted in gains of $46 million on mortgages sold, compared with gains of $43 million during the previous quarter and $34 million during the third quarter of 2014. Mortgage servicing fees were $54 million this quarter, $56 million in the second quarter of 2015, and $61 million in the third 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 negative $29 million in the third quarter of 2015 (reflecting MSR amortization of $37 million and MSR valuation adjustments of positive $8 million); positive $18 million in the second quarter of 2015 (MSR amortization of $39 million and MSR valuation adjustments of positive $57 million); and negative $34 million in the third quarter of 2014 (MSR amortization of $33 million and MSR valuation adjustments of negative $1 million). The mortgage servicing asset, net of the valuation reserve, was $757 million at quarter end on a servicing portfolio of $60 billion.

9

Investment advisory revenue of $103 million decreased 2 percent from the second quarter and was flat year-over-year. The sequential decrease was due to lower securities and brokerage fees and personal asset management fees due to the market decline during the quarter.

Card and processing revenue of $77 million in the third quarter of 2015 was flat sequentially and increased 3 percent from the third quarter of 2014. 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 $213 million in the third quarter of 2015, compared with $1 million in the previous quarter and $33 million in the third quarter of 2014. As previously described, the results included the adjustments in the prior table with the exception of securities gains in all comparable periods. Excluding these items, other noninterest income of $91 million increased approximately $5 million, or 6 percent, from the second quarter of 2015 and increased approximately $2 million, or 2 percent, from the third quarter of 2014.

Net gains on investment securities were immaterial in the third quarter of 2015, compared with $4 million in the previous quarter and $3 million in the third quarter of 2014.

Noninterest Expense

	For the Three Months Ended										% Change
	September 2015		June 2015		March 2015		December 2014		September 2014		Seq			Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	387	$	383	$	369	$	366	$	357		1	%		8	%
Employee benefits		72		78		99		79		75		(8	%)		(4	%)
Net occupancy expense		77		83		79		77		78		(7	%)		(1	%)
Technology and communications		56		54		55		54		53		4	%		6	%
Equipment expense		31		31		31		30		30		—			3	%
Card and processing expense		40		38		36		36		37		5	%		8	%
Other noninterest expense		280		280		254		276		258		—			9	%
Total noninterest expense	$	943	$	947	$	923	$	918	$	888		—			6	%

Noninterest expense of $943 million was flat compared with the second quarter of 2015 and increased 6 percent compared with the third quarter of 2014. The sequential comparison reflected lower benefits and occupancy expense, partially offset by higher compensation primarily associated with executive retirement and severance costs. The year-over-year increase reflected higher compensation expense, the change in provision for unfunded commitments and marketing expense.

10

Credit Quality

	For the Three Months Ended
	September 2015			June 2015			March 2015			December 2014			September 2014
Total net losses charged-off ($ in millions)
Commercial and industrial loans	($	128	)	($	34	)	($	38	)	($	44	)	($	50	)
Commercial mortgage loans		(11	)		(11	)		(1	)		(10	)		(5	)
Commercial construction loans		(3	)		—			—			—			—
Commercial leases		—			—			—			(1	)		—
Residential mortgage loans		(3	)		(5	)		(6	)		(94	)		(9	)
Home equity		(9	)		(9	)		(14	)		(11	)		(14	)
Automobile loans		(7	)		(4	)		(8	)		(7	)		(7	)
Credit card		(21	)		(21	)		(21	)		(20	)		(23	)
Other consumer loans and leases		(6	)		(2	)		(3	)		(4	)		(7	)
Total net losses charged-off		(188	)		(86	)		(91	)		(191	)		(115	)
Total losses charged-off		(209	)		(112	)		(115	)		(215	)		(146	)
Total recoveries of losses previously charged-off		21			26			24			24			31
Total net losses charged-off	($	188	)	($	86	)	($	91	)	($	191	)	($	115	)
Ratios (annualized)
Net losses charged-off as a percent of average portfolio loans and leases (excluding held for sale)		0.80	%		0.37	%		0.41	%		0.83	%		0.50	%
Commercial		0.99	%		0.32	%		0.29	%		0.40	%		0.40	%
Consumer		0.51	%		0.46	%		0.59	%		1.47	%		0.66	%

Net charge-offs were $188 million, or 80 bps of average loans and leases on an annualized basis, in the third quarter of 2015 compared with net charge-offs of $86 million, or 37 bps, in the second quarter of 2015 and $115 million, or 50 bps, in the third quarter of 2014. The third quarter of 2015 net charge-offs included $102 million related to the restructuring of a student loan backed commercial credit originally extended in 2007, $80 million of which had been reserved for in prior quarters as the loan is collateral dependent with the related allowance for loan loss being measured based on the fair value of the underlying collateral. During the quarter, changing collateral performance characteristics and lower valuations for student loan portfolios resulted in the need to restructure the terms of the commercial loan. The resulting decline in the market values led to the actions taken as the reserves on this collateral-dependent loan are measured based on the fair value of the underlying student loan portfolio. Excluding this credit, net charge-offs were $86 million, or 37 bps, in the third quarter of 2015, flat with net charge-offs in the prior quarter.

Commercial net charge-offs were $142 million, or 99 bps, and were up $97 million sequentially. C&I net charge-offs of $128 million increased $94 million from the previous quarter primarily due to the student loan backed credit mentioned above, and commercial real estate net charge-offs increased $3 million from the previous quarter.

Consumer net charge-offs were $46 million, or 51 bps, up $5 million sequentially. Net charge-offs on residential mortgage loans in the portfolio were $3 million, down $2 million from the previous quarter. Home equity net charge-offs were $9 million, in line with the second quarter of 2015, and net charge-offs in the auto portfolio of $7 million were up $3 million compared with the prior quarter due to seasonality. Net charge-offs on consumer credit card loans were $21 million, in line with the second quarter. Net charge-offs on other consumer loans were $6 million, up $4 million compared with the previous quarter primarily due to seasonality.

11

	For the Three Months Ended
	September 2015			June 2015			March 2015			December 2014			September 2014
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	1,293		$	1,300		$	1,322		$	1,414		$	1,458
Total net losses charged-off		(188	)		(86	)		(91	)		(191	)		(115	)
Provision for loan and lease losses		156			79			69			99			71
Allowance for loan and lease losses, ending		1,261			1,293			1,300			1,322			1,414
Reserve for unfunded commitments, beginning		132			130			135			134			142
Provision (benefit) for unfunded commitments		2			2			(4	)		1			(8	)
Charge-offs		—			—			(1	)		—			—
Reserve for unfunded commitments, ending		134			132			130			135			134
Components of allowance for credit losses:
Allowance for loan and lease losses		1,261			1,293			1,300			1,322			1,414
Reserve for unfunded commitments		134			132			130			135			134
Total allowance for credit losses	$	1,395		$	1,425		$	1,430		$	1,457		$	1,548
Allowance for loan and lease losses ratio
As a percent of portfolio loans and leases		1.35	%		1.39	%		1.42	%		1.47	%		1.56	%
As a percent of nonperforming loans and leases(a)		275	%		272	%		247	%		228	%		228	%
As a percent of nonperforming assets(a)		208	%		206	%		188	%		178	%		178	%

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

Provision for loan and lease losses totaled $156 million in the third quarter of 2015. The allowance represented 1.35 percent of total portfolio loans and leases outstanding as of quarter end, compared with 1.39 percent last quarter, and represented 275 percent of nonperforming loans and leases, and 208 percent of nonperforming assets.

The provision increased $77 million from the second quarter of 2015 and increased $85 million from the third quarter of 2014. This quarter’s provision included a $35 million impact related to the aforementioned student loan backed commercial credit, and the remainder of the increase was primarily due to the broadening global economic slowdown, stress on capital markets, and the prolonged softness in commodity prices. The allowance for loan and lease losses decreased $32 million sequentially, including a $67 million reduction related to the aforementioned student loan backed credit.

12

	As of
	September 2015			June 2015			March 2015			December 2014			September 2014
Nonperforming Assets and Delinquent Loans ($ in millions)
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	47		$	61		$	61		$	86		$	102
Commercial mortgage loans		60			49			57			64			77
Commercial construction loans		—			—			—			—			2
Commercial leases		2			2			2			3			3
Residential mortgage loans		31			35			40			44			52
Home equity		65			70			71			72			69
Total nonaccrual portfolio loans and leases (excludes restructured loans)	$	205		$	217		$	231		$	269		$	305
Restructured loans—commercial (nonaccrual)(c)		177			175			205			214			201
Restructured loans—consumer (nonaccrual)		76			83			90			96			114
Total nonaccrual portfolio loans and leases	$	458		$	475		$	526		$	579		$	620
Repossessed personal property		17			16			20			18			19
OREO(a)		131			135			145			147			157
Total nonperforming assets(b)	$	606		$	626		$	691		$	744		$	796
Nonaccrual loans held for sale		1			1			2			24			4
Restructured loans—(nonaccrual) held for sale		1			—			—			15			3
Total nonperforming assets including loans held for sale	$	608		$	627		$	693		$	783		$	803
Restructured Consumer loans and leases (accrual)	$	973		$	970		$	943		$	905		$	1,610
Restructured Commercial loans and leases (accrual)(c)	$	571		$	769		$	774		$	844		$	885
Total loans and leases 90 days past due	$	70		$	70		$	78		$	87		$	87
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including OREO(b)		0.49	%		0.51	%		0.57	%		0.64	%		0.68	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(b)		0.65	%		0.67	%		0.76	%		0.82	%		0.88	%

(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 September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 30, 2014.

Total nonperforming assets, including loans held-for-sale, declined $19 million, or 3 percent, from the previous quarter to $608 million. Nonperforming loans (NPLs) at quarter-end decreased $17 million, or 4 percent, from the previous quarter to $458 million or 0.49 percent of total loans, leases and OREO.

Commercial NPAs decreased $6 million, or 2 percent, from the second quarter to $370 million, or 0.65 percent of commercial loans, leases and OREO. Commercial NPLs decreased $1 million from last quarter to $286 million, or 0.50 percent of commercial loans and leases. C&I NPAs decreased $10 million from the prior quarter to $183 million. Commercial mortgage NPAs decreased $1 million from the previous quarter to $165 million. Commercial construction NPAs increased $5 million from the previous quarter to $19 million. Commercial lease NPAs were $3 million, flat from the previous quarter. Commercial NPAs included $177 million of nonaccrual troubled debt restructurings (TDRs), compared with $175 million last quarter.

13

Consumer NPAs decreased $14 million from the second quarter to $236 million, or 0.64 percent of consumer loans, leases and OREO. Consumer NPLs decreased $16 million from last quarter to $172 million, or 0.47 percent of consumer loans and leases. Residential mortgage NPAs decreased $10 million from the second quarter to $91 million. Home equity NPAs decreased $3 million, sequentially, to $103 million and credit card NPAs were down $3 million compared with the previous quarter to $33 million. Consumer nonaccrual TDRs were $76 million in the third quarter of 2015, compared with $83 million in the second quarter of 2015.

Third quarter OREO balances included in NPA balances were down $4 million from the second quarter to $131 million, and included $74 million in commercial OREO and $57 million in consumer OREO. Repossessed personal property increased $1 million from the prior quarter to $17 million.

Loans over 90 days past due and still accruing were flat from the second quarter of 2015 to $70 million. Commercial balances over 90 days past due were $5 million compared with $2 million in the prior quarter, and consumer balances 90 days past due decreased $3 million from the previous quarter to $65 million. Loans 30-89 days past due of $214 million were up $1 million from the previous quarter. Commercial balances 30-89 days past due increased $1 million sequentially to $25 million and consumer balances 30-89 days past due were flat from the second quarter at $189 million. The above delinquencies figures exclude nonaccruals described previously.

14

Capital Position

	For the Three Months Ended
	September 2015			June 2015			March 2015			December 2014			September 2014
Capital Position
Average total Bancorp shareholders’ equity to average assets		11.24	%		11.32	%		11.49	%		11.54	%		11.71	%
Tangible equity(a)		9.28	%		9.28	%		9.37	%		9.41	%		9.65	%
Tangible common equity (excluding unrealized gains/losses)(a)		8.32	%		8.33	%		8.40	%		8.43	%		8.64	%
Tangible common equity (including unrealized gains/losses)(a)		8.65	%		8.51	%		8.77	%		8.71	%		8.84	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses)		9.38	%(b)		9.39	%(b)		9.49	%(d)		9.70	%(d)		9.70	%(d)
	Basel III Transitional(c)									Basel I(d)
Regulatory capital ratios:
CET1 capital		9.40	%(b)		9.42	%(b)		9.52	%(b)		N/A			N/A
Tier I risk-based capital		10.49	%(b)		10.51	%(b)		10.62	%(b)		10.83	%		10.83	%
Total risk-based capital		13.68	%(b)		13.69	%(b)		14.01	%(b)		14.33	%		14.34	%
Tier I leverage		9.38	%		9.44	%		9.59	%		9.66	%		9.82	%
Tier I common equity		N/A			N/A			N/A			9.65	%(a)		9.64	%(a)
CET1 capital (fully phased-in)		9.30	(a)(b)		9.31	(a)(b)		9.41	(a)(b)		N/A			N/A
Book value per share		18.22			17.62			17.83			17.35			16.87
Tangible book value per share(a)		15.18			14.62			14.85			14.40			13.95

(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. The common equity Tier 1 ratio was 9.40 percent, the tangible common equity to tangible assets ratio* was 8.32 percent (excluding unrealized gains/losses), and 8.65 percent (including unrealized gains/losses). The Tier 1 risk-based capital ratio was 10.49 percent, the total risk-based capital ratio was 13.68 percent, and the Leverage ratio was 9.38 percent.

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

15

Book value per share at September 30, 2015 was $18.22 and tangible book value per share* was $15.18, compared with the June 30, 2015 book value per share of $17.62 and tangible book value per share* of $14.62.

Fifth Third entered into and completed multiple share repurchases during the quarter. Below is a summary of those share repurchases.

• On July 31, 2015, Fifth Third settled the forward contracted related to the April 27, 2015 $155 million share repurchase agreement. An additional 0.84 million shares were repurchased upon completion of the agreement.

• On July 29, 2015, Fifth Third entered into a share repurchase agreement whereby Fifth Third would purchase approximately $150 million of its outstanding stock. This reduced the third quarter share count by 6.0 million shares.

• On August 31, 2015, Fifth Third settled the forward contracted related to the July 29, 2015 $150 million share repurchase agreement. An additional 1.35 million shares were repurchased upon completion of the agreement.

• On September 3, 2015, Fifth Third entered into a share repurchase agreement whereby Fifth Third would purchase approximately $150 million of its outstanding stock. This reduced the third quarter share count by 6.54 million shares. Settlement of the forward contract related to this agreement is expected to occur on or before December 4, 2015.

In total, common shares outstanding decreased by approximately 15 million shares in the third quarter of 2015 from the second quarter of 2015.

Tax Rate

The effective tax rate was 26.0 percent this quarter compared with 26.1 percent in the second quarter of 2015 and 26.7 percent in the third 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 $44.92 on September 30, 2015, our interest in Vantiv was valued at approximately $1.9 billion. Next month in our 10-Q, we will update our disclosure of the carrying value of our interest in Vantiv stock, which was $415 million as of June 30, 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 $630 million as of September 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).

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

16

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, November 3, 2015 by dialing 800-585-8367 for domestic access or 404-537-3406 for international access (passcode 44604046#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of September 30, 2015, the Company had $142 billion in assets and operates 1,295 full-service Banking Centers, including 99 Bank Mart^® locations, most open seven days a week, inside select grocery stores and 2,650 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 22.8% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2015, had $297 billion in assets under care, of which it managed $25 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 September 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
	September 2015			June 2015			September 2014			Seq			Yr/Yr			September 2015			September 2014			Yr/Yr
Income Statement Data
Net interest income(a)	$	906		$	892		$	908			2	%		—		$	2,650		$	2,712			(2	%)
Noninterest income		713			556			520			28	%		37	%		1,900			1,820			4	%
Total revenue(a)		1,619			1,448			1,428			12	%		13	%		4,550			4,532			—
Provision for loan and lease losses		156			79			71			97	%		NM			305			216			41	%
Noninterest expense		943			947			888			—			6	%		2,814			2,792			1	%
Net income attributable to Bancorp		381			315			340			21	%		12	%		1,056			1,096			(4	%)
Net income available to common shareholders		366			292			328			25	%		12	%		1,004			1,052			(5	%)
Common Share Data
Earnings per share, basic	$	0.46		$	0.36		$	0.39			28	%		18	%	$	1.24		$	1.25			(1	%)
Earnings per share, diluted		0.45			0.36			0.39			25	%		15	%		1.22			1.23			(1	%)
Cash dividends per common share		0.13			0.13			0.13			—			—			0.39			0.38			3	%
Book value per share		18.22			17.62			16.87			3	%		8	%		18.22			16.87			8	%
Market price per share		18.91			20.82			20.02			(9	%)		(6	%)		18.91			20.02			(6	%)
Common shares outstanding (in thousands)		795,439			810,054			834,262			(2	%)		(5	%)		795,439			834,262			(5	%)
Average common shares outstanding (in thousands):
Basic		795,793			803,965			829,392			(1	%)		(4	%)		803,270			837,854			(4	%)
Diluted		805,023			812,843			838,324			(1	%)		(4	%)		812,099			848,068			(4	%)
Market capitalization	$	15,042		$	16,865		$	16,702			(11	%)		(10	%)	$	15,042		$	16,702			(10	%)
Financial Ratios
Return on average assets		1.07	%		0.90	%		1.02	%		19	%		5	%		1.01	%		1.12	%		(10	%)
Return on average common equity		10.0	%		8.1	%		9.2	%		23	%		9	%		9.3	%		10.0	%		(7	%)
Return on average tangible common equity(b)(d)(j)		12.0	%		9.7	%		11.1	%		25	%		9	%		11.1	%		12.2	%		(9	%)
Noninterest income as a percent of total revenue		44	%		38	%		36	%		16	%		22	%		42	%		40	%		5	%
Dividend payout ratio		28.3	%		36.1	%		33.3	%		(22	%)		(15	%)		31.5	%		30.4	%		4	%
Average total Bancorp shareholders’ equity as a percent of average assets		11.24	%		11.32	%		11.71	%		(1	%)		(4	%)		11.35	%		11.61	%		(2	%)
Tangible common equity(c)(d)(j)		8.32	%		8.33	%		8.64	%		—			(4	%)		8.32	%		8.64	%		(4	%)
Net interest margin(a)		2.89	%		2.90	%		3.10	%		—			(7	%)		2.88	%		3.16	%		(9	%)
Efficiency(a)		58.2	%		65.4	%		62.1	%		(11	%)		(6	%)		61.8	%		61.6	%		—
Effective tax rate		26.0	%		26.1	%		26.7	%		—			(3	%)		25.9	%		27.2	%		(5	%)
Credit Quality
Net losses charged-off	$	188		$	86		$	115			NM			63	%	$	366		$	384			(5	%)
Net losses charged-off as a percent of average portfolio loans and leases		0.80	%		0.37	%		0.50	%		NM			60	%		0.53	%		0.57	%		(7	%)
ALLL as a percent of portfolio loans and leases		1.35	%		1.39	%		1.56	%		(3	%)		(13	%)		1.35	%		1.56	%		(13	%)
Allowance for credit losses as a percent of portfolio loans and leases		1.49	%		1.54	%		1.71	%		(3	%)		(13	%)		1.49	%		1.71	%		(13	%)
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(e)		0.65	%		0.67	%		0.88	%		(3	%)		(26	%)		0.65	%		0.88	%		(26	%)
Average Balances
Loans and leases, including held for sale	$	94,329		$	92,739		$	91,428			2	%		3	%	$	92,919		$	90,973			2	%
Total securities and other short-term investments		30,102			30,563			24,927			(2	%)		21	%		29,905			23,944			25	%
Total assets		140,739			139,992			132,220			1	%		6	%		139,472			130,717			7	%
Transaction deposits(f)		94,660			96,460			89,360			(2	%)		6	%		95,100			88,807			7	%
Core deposits(g)		98,717			100,534			93,160			(2	%)		6	%		99,151			92,511			7	%
Wholesale funding(h)		21,718			18,362			19,787			18	%		10	%		19,672			19,084			3	%
Bancorp shareholders’ equity		15,815			15,841			15,486			—			2	%		15,826			15,170			4	%
Regulatory Capital Ratios(i)	Basel III Transitional						Basel I(l)									Basel III Transitional			Basel I(l)
CET1 capital(k)		9.40	%		9.42	%		N/A			—			N/A			9.40	%		N/A			N/A
Tier I risk-based capital		10.49	%		10.51	%		10.83	%		—			N/A			10.49	%		10.83	%		N/A
Total risk-based capital		13.68	%		13.69	%		14.34	%		—			N/A			13.68	%		14.34	%		N/A
Tier I leverage		9.38	%		9.44	%		9.82	%		(1	%)		N/A			9.38	%		9.82	%		N/A
Tier I common equity(d)(j)		N/A			N/A			9.64	%		N/A			N/A			N/A			9.64	%		N/A
CET1 capital (fully phased-in)(k)		9.30	%		9.31	%		N/A			—			N/A			9.30	%		N/A			N/A
Operations
Banking centers		1,295			1,299			1,308			—			(1	%)		1,295			1,308			(1	%)
ATMs		2,650			2,630			2,639			1	%		—			2,650			2,639			—
Full-time equivalent employees		18,311			18,527			18,503			(1	%)		(1	%)		18,311			18,503			(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
	September 2015			June 2015			March 2015			December 2014			September 2014
Income Statement Data
Net interest income(a)	$	906		$	892		$	852		$	888		$	908
Noninterest income		713			556			630			653			520
Total revenue(a)		1,619			1,448			1,482			1,541			1,428
Provision for loan and lease losses		156			79			69			99			71
Noninterest expense		943			947			923			918			888
Net income attributable to Bancorp		381			315			361			385			340
Net income available to common shareholders		366			292			346			362			328
Common Share Data
Earnings per share, basic	$	0.46		$	0.36		$	0.42		$	0.44		$	0.39
Earnings per share, diluted		0.45			0.36			0.42			0.43			0.39
Cash dividends per common share		0.13			0.13			0.13			0.13			0.13
Book value per share		18.22			17.62			17.83			17.35			16.87
Market price per share		18.91			20.82			18.85			20.38			20.02
Common shares outstanding (in thousands)		795,439			810,054			815,190			824,047			834,262
Average common shares outstanding (in thousands):
Basic		795,793			803,965			810,210			819,057			829,392
Diluted		805,023			812,843			818,672			827,831			838,324
Market capitalization	$	15,042		$	16,865		$	15,366		$	16,790		$	16,702
Financial Ratios
Return on average assets		1.07	%		0.90	%		1.06	%		1.13	%		1.02	%
Return on average common equity		10.0	%		8.1	%		9.7	%		10.0	%		9.2	%
Return on average tangible common equity(b)(d)(j)		12.0	%		9.7	%		11.7	%		12.1	%		11.1	%
Noninterest income as a percent of total revenue		44	%		38	%		43	%		42	%		36	%
Dividend payout ratio		28.3	%		36.1	%		31.0	%		29.5	%		33.3	%
Average total Bancorp shareholders’ equity as a percent of average assets		11.24	%		11.32	%		11.49	%		11.54	%		11.71	%
Tangible common equity(c)(d)(j)		8.32	%		8.33	%		8.40	%		8.43	%		8.64	%
Net interest margin(a)		2.89	%		2.90	%		2.86	%		2.96	%		3.10	%
Efficiency(a)		58.2	%		65.4	%		62.3	%		59.6	%		62.1	%
Effective tax rate		26.0	%		26.1	%		25.6	%		25.9	%		26.7	%
Credit Quality
Net losses charged-off	$	188		$	86		$	91		$	191		$	115
Net losses charged-off as a percent of average portfolio loans and leases		0.80	%		0.37	%		0.41	%		0.83	%		0.50	%
ALLL as a percent of portfolio loans and leases		1.35	%		1.39	%		1.42	%		1.47	%		1.56	%
Allowance for credit losses as a percent of portfolio loans and leases		1.49	%		1.54	%		1.57	%		1.62	%		1.71	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(e)		0.65	%		0.67	%		0.76	%		0.82	%		0.88	%
Average Balances
Loans and leases, including held for sale	$	94,329		$	92,739		$	91,659		$	91,581		$	91,428
Total securities and other short-term investments		30,102			30,563			29,038			27,604			24,927
Total assets		140,739			139,992			137,651			135,580			132,220
Transaction deposits(f)		94,660			96,460			94,172			92,414			89,360
Core deposits(g)		98,717			100,534			98,194			96,350			93,160
Wholesale funding(h)		21,718			18,362			18,905			19,495			19,787
Bancorp shareholders’ equity		15,815			15,841			15,820			15,644			15,486
Regulatory Capital Ratios(i)	Basel III Transitional									Basel I(l)
CET1 capital(k)		9.40	%		9.42	%		9.52	%		N/A			N/A
Tier I risk-based capital		10.49	%		10.51	%		10.62	%		10.83	%		10.83	%
Total risk-based capital		13.68	%		13.69	%		14.01	%		14.33	%		14.34	%
Tier I leverage		9.38	%		9.44	%		9.59	%		9.66	%		9.82	%
Tier I common equity(d)(j)		N/A			N/A			N/A			9.65	%		9.64	%
CET1 capital (fully phased-in)(k)		9.30	%		9.31	%		9.41	%		N/A			N/A
Operations
Banking centers		1,295			1,299			1,303			1,302			1,308
ATMs		2,650			2,630			2,637			2,638			2,639
Full-time equivalent employees		18,311			18,527			18,471			18,351			18,503

(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
	September 2015		June 2015			September 2014		Seq			Yr/Yr			September 2015			September 2014		Yr/Yr
Interest Income
Interest and fees on loans and leases	$	795	$	782		$	827		2	%		(4	%)	$	2,355		$	2,477		(5	%)
Interest on securities		230		219			189		5	%		22	%		637			538		18	%
Interest on other short-term investments		1		2			2		(50	%)		(50	%)		7			5		40	%
Total interest income		1,026		1,003			1,018		2	%		1	%		2,999			3,020		(1	%)
Interest Expense
Interest on deposits		44		46			51		(4	%)		(14	%)		140			147		(5	%)
Interest on other short-term borrowings		1		1			1		—			—			2			2		—
Interest on long-term debt		80		69			63		16	%		27	%		221			174		27	%
Total interest expense		125		116			115		8	%		9	%		363			323		12	%
Net Interest Income		901		887			903		2	%		—			2,636			2,697		(2	%)
Provision for loan and lease losses		156		79			71		97	%		NM			305			216		41	%
Net Interest Income After Provision for Loan and Lease Losses		745		808			832		(8	%)		(10	%)		2,331			2,481		(6	%)
Noninterest Income
Service charges on deposits		145		139			145		4	%		—			419			418		—
Corporate banking revenue		104		113			100		(8	%)		4	%		280			311		(10	%)
Mortgage banking net revenue		71		117			61		(39	%)		16	%		274			248		10	%
Investment advisory revenue		103		105			103		(2	%)		—			315			307		3	%
Card and processing revenue		77		77			75		—			3	%		225			218		3	%
Other noninterest income		213		1			33		NM			NM			378			300		26	%
Securities gains, net		—		4			3		(100	%)		(100	%)		9			18		(50	%)
Total noninterest income		713		556			520		28	%		37	%		1,900			1,820		4	%
Noninterest Expense
Salaries, wages and incentives		387		383			357		1	%		8	%		1,139			1,083		5	%
Employee benefits		72		78			75		(8	%)		(4	%)		248			255		(3	%)
Net occupancy expense		77		83			78		(7	%)		(1	%)		238			236		1	%
Technology and communications		56		54			53		4	%		6	%		165			158		4	%
Equipment expense		31		31			30		—			3	%		92			90		2	%
Card and processing expense		40		38			37		5	%		8	%		114			104		10	%
Other noninterest expense		280		280			258		—			9	%		818			866		(6	%)
Total noninterest expense		943		947			888		—			6	%		2,814			2,792		1	%
Income Before Income Taxes		515		417			464		24	%		11	%		1,417			1,509		(6	%)
Applicable income tax expense		134		108			124		24	%		8%			367			411		(11	%)
Net Income		381		309			340		23	%		12	%		1,050			1,098		(4	%)
Less: Net income attributable to noncontrolling interests		—		(6	)		—		(100	%)		—			(6	)		2		NM
Net Income Attributable to Bancorp		381		315			340		21	%		12	%		1,056			1,096		(4	%)
Dividends on preferred stock		15		23			12		(35	%)		25	%		52			44		18	%
Net Income Available to Common Shareholders	$	366	$	292		$	328		25	%		12	%	$	1,004		$	1,052		(5	%)

21

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	September 2015		June 2015			March 2015		December 2014		September 2014
Interest Income
Interest and fees on loans and leases	$	795	$	782		$	778	$	823	$	827
Interest on securities		230		219			188		185		189
Interest on other short-term investments		1		2			4		3		2
Total interest income		1,026		1,003			970		1,011		1,018
Taxable equivalent adjustment		5		5			5		5		5
Total interest income (taxable equivalent)		1,031		1,008			975		1,016		1,023
Interest Expense
Interest on deposits		44		46			50		54		51
Interest on other short-term borrowings		1		1			—		—		1
Interest on long-term debt		80		69			73		74		63
Total interest expense		125		116			123		128		115
Net Interest Income (Taxable Equivalent)		906		892			852		888		908
Provision for loan and lease losses		156		79			69		99		71
Net Interest Income (Taxable Equivalent) After Provision for Loan and Lease Losses		750		813			783		789		837
Noninterest Income
Service charges on deposits		145		139			135		142		145
Corporate banking revenue		104		113			63		120		100
Mortgage banking net revenue		71		117			86		61		61
Investment advisory revenue		103		105			108		100		103
Card and processing revenue		77		77			71		76		75
Other noninterest income		213		1			163		150		33
Securities gains, net		—		4			4		4		3
Total noninterest income		713		556			630		653		520
Noninterest Expense
Salaries, wages and incentives		387		383			369		366		357
Employee benefits		72		78			99		79		75
Net occupancy expense		77		83			79		77		78
Technology and communications		56		54			55		54		53
Equipment expense		31		31			31		30		30
Card and processing expense		40		38			36		36		37
Other noninterest expense		280		280			254		276		258
Total noninterest expense		943		947			923		918		888
Income Before Income Taxes (Taxable Equivalent)		520		422			490		524		469
Taxable equivalent adjustment		5		5			5		5		5
Income Before Income Taxes		515		417			485		519		464
Applicable income tax expense		134		108			124		134		124
Net Income		381		309			361		385		340
Less: Net Income attributable to noncontrolling interests		—		(6	)		—		—		—
Net Income Attributable to Bancorp		381		315			361		385		340
Dividends on preferred stock		15		23			15		23		12
Net Income Available to Common Shareholders	$	366	$	292		$	346	$	362	$	328

22

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	September 2015			June 2015			September 2014			Seq			Yr/Yr
Assets
Cash and due from banks	$	2,455		$	2,785		$	3,125			(12	%)		(21	%)
Available-for-sale and other securities(a)		28,799			27,987			22,912			3	%		26	%
Held-to-maturity securities(b)		157			157			191			—			(18	%)
Trading securities		374			370			389			1	%		(4	%)
Other short-term investments		1,994			3,451			3,637			(42	%)		(45	%)
Loans held for sale		994			995			641			—			55	%
Portfolio loans and leases:
Commercial and industrial loans		42,948			42,800			41,072			—			5	%
Commercial mortgage loans		7,061			7,150			7,564			(1	%)		(7	%)
Commercial construction loans		3,101			2,709			1,702			14	%		82	%
Commercial leases		3,898			3,881			3,554			—			10	%
Residential mortgage loans		13,392			12,933			12,941			4	%		3	%
Home equity		8,427			8,547			8,987			(1	%)		(6	%)
Automobile loans		11,826			11,909			12,121			(1	%)		(2	%)
Credit card		2,229			2,278			2,317			(2	%)		(4	%)
Other consumer loans and leases		692			496			366			40	%		89	%
Portfolio loans and leases		93,574			92,703			90,624			1	%		3	%
Allowance for loan and lease losses		(1,261	)		(1,293	)		(1,414	)		(2	%)		(11	%)
Portfolio loans and leases, net		92,313			91,410			89,210			1	%		3	%
Bank premises and equipment		2,264			2,298			2,467			(1	%)		(8	%)
Operating lease equipment		680			670			732			1	%		(7	%)
Goodwill		2,416			2,416			2,416			—			—
Intangible assets		13			13			16			—			(19	%)
Servicing rights		757			854			935			(11	%)		(19	%)
Other assets		8,702			8,252			7,517			5	%		16	%
Total Assets	$	141,918		$	141,658		$	134,188			—			6	%
Liabilities
Deposits:
Demand	$	34,832		$	35,449		$	32,258			(2	%)		8	%
Interest checking		24,832			27,074			24,930			(8	%)		—
Savings		14,632			14,976			15,355			(2	%)		(5	%)
Money market		18,887			17,900			16,199			6	%		17	%
Foreign office		754			728			1,577			4	%		(52	%)
Other time		4,041			4,050			3,856			—			5	%
Certificates—$100,000 and over		2,915			2,846			3,117			2	%		(6	%)
Total deposits		100,893			103,023			97,292			(2	%)		4	%
Federal funds purchased		132			126			148			5	%		(11	%)
Other short-term borrowings		4,904			4,136			2,730			19	%		80	%
Accrued taxes, interest and expenses		1,990			1,858			1,706			7	%		17	%
Other liabilities		2,614			3,356			2,533			(22	%)		3	%
Long-term debt		15,527			13,521			14,336			15	%		8	%
Total Liabilities		126,060			126,020			118,745			—			6	%
Equity
Common stock(c)		2,051			2,051			2,051			—			—
Preferred stock		1,331			1,331			1,331			—			—
Capital surplus		2,659			2,632			2,621			1	%		1	%
Retained earnings		11,826			11,564			10,886			2	%		9	%
Accumulated other comprehensive income		522			291			301			79	%		73	%
Treasury stock		(2,563	)		(2,264	)		(1,786	)		13	%		44	%
Total Bancorp shareholders’ equity		15,826			15,605			15,404			1	%		3	%
Noncontrolling interests		32			33			39			(3	%)		(18	%)
Total Equity		15,858			15,638			15,443			1	%		3	%
Total Liabilities and Equity	$	141,918		$	141,658		$	134,188			—			6	%
(a) Amortized cost	$	27,986		$	27,483		$	22,392			2	%		25	%
(b) Market values		157			157			191			—			(18	%)
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000			2,000,000			2,000,000			—			—
Outstanding, excluding treasury		795,439			810,054			834,262			(2	%)		(5	%)
Treasury		128,453			113,838			89,631			13	%		43	%

23

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	September 2015			June 2015			March 2015			December 2014			September 2014
Assets
Cash and due from banks	$	2,455		$	2,785		$	2,920		$	3,091		$	3,125
Available-for-sale and other securities(a)		28,799			27,987			26,409			22,408			22,912
Held-to-maturity securities(b)		157			157			177			187			191
Trading securities		374			370			392			360			389
Other short-term investments		1,994			3,451			4,919			7,914			3,637
Loans held for sale		994			995			724			1,261			641
Portfolio loans and leases:
Commercial and industrial loans		42,948			42,800			42,052			40,765			41,072
Commercial mortgage loans		7,061			7,150			7,209			7,399			7,564
Commercial construction loans		3,101			2,709			2,302			2,069			1,702
Commercial leases		3,898			3,881			3,786			3,720			3,554
Residential mortgage loans		13,392			12,933			12,569			12,389			12,941
Home equity		8,427			8,547			8,714			8,886			8,987
Automobile loans		11,826			11,909			11,873			12,037			12,121
Credit card		2,229			2,278			2,291			2,401			2,317
Other consumer loans and leases		692			496			448			418			366
Portfolio loans and leases		93,574			92,703			91,244			90,084			90,624
Allowance for loan and lease losses		(1,261	)		(1,293	)		(1,300	)		(1,322	)		(1,414	)
Portfolio loans and leases, net		92,313			91,410			89,944			88,762			89,210
Bank premises and equipment		2,264			2,298			2,433			2,465			2,467
Operating lease equipment		680			670			695			728			732
Goodwill		2,416			2,416			2,416			2,416			2,416
Intangible assets		13			13			14			15			16
Servicing rights		757			854			789			858			935
Other assets		8,702			8,252			8,638			8,241			7,517
Total Assets	$	141,918		$	141,658		$	140,470		$	138,706		$	134,188
Liabilities
Deposits:
Demand	$	34,832		$	35,449		$	35,343		$	34,809		$	32,258
Interest checking		24,832			27,074			27,191			26,800			24,930
Savings		14,632			14,976			15,355			15,051			15,355
Money market		18,887			17,900			18,105			17,083			16,199
Foreign office		754			728			811			1,114			1,577
Other time		4,041			4,050			4,044			3,960			3,856
Certificates—$100,000 and over		2,915			2,846			2,566			2,895			3,117
Total deposits		100,893			103,023			103,415			101,712			97,292
Federal funds purchased		132			126			200			144			148
Other short-term borrowings		4,904			4,136			1,413			1,556			2,730
Accrued taxes, interest and expenses		1,990			1,858			1,979			2,020			1,706
Other liabilities		2,614			3,356			3,504			2,642			2,533
Long-term debt		15,527			13,521			14,055			14,967			14,336
Total Liabilities		126,060			126,020			124,566			123,041			118,745
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		2,659			2,632			2,659			2,646			2,621
Retained earnings		11,826			11,564			11,380			11,141			10,886
Accumulated other comprehensive income		522			291			588			429			301
Treasury stock		(2,563	)		(2,264	)		(2,145	)		(1,972	)		(1,786	)
Total Bancorp shareholders’ equity		15,826			15,605			15,864			15,626			15,404
Noncontrolling interests		32			33			40			39			39
Total Equity		15,858			15,638			15,904			15,665			15,443
Total Liabilities and Equity	$	141,918		$	141,658		$	140,470		$	138,706		$	134,188
(a) Amortized cost	$	27,986		$	27,483		$	25,475		$	21,677		$	22,392
(b) Market values		157			157			177			187			191
(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		795,439			810,054			815,190			824,047			834,262
Treasury		128,453			113,838			108,702			99,846			89,631

24

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Equity

$ in millions

(unaudited)

	For the Three Months Ended						Year to Date
	September 2015			September 2014			September 2015			September 2014
Total equity, beginning	$	15,638		$	15,508		$	15,665		$	14,626
Net income attributable to Bancorp		381			340			1,056			1,096
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		201			(72	)		53			217
Qualifying cash flow hedges		29			(10	)		35			(1	)
Change in accumulated other comprehensive income related to employee benefit plans		1			1			5			3
Comprehensive income		612			259			1,149			1,315
Cash dividends declared:
Common stock		(103	)		(108	)		(315	)		(320	)
Preferred stock		(15	)		(12	)		(52	)		(44	)
Impact of stock transactions under stock compensation plans, net		27			21			54			41
Shares acquired for treasury		(300	)		(225	)		(635	)		(474	)
Issuance of preferred stock		—			—			—			297
Noncontrolling interest		(1	)		—			(6	)		2
Other		—			—			(2	)		—
Total equity, ending	$	15,858		$	15,443		$	15,858		$	15,443

25

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	September 2015			June 2015			September 2014			Seq			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	43,162		$	42,554		$	41,525			1	%		4	%
Commercial mortgage loans		7,038			7,149			7,637			(2	%)		(8	%)
Commercial construction loans		2,966			2,549			1,565			16	%		90	%
Commercial leases		3,847			3,776			3,576			2	%		8	%
Residential mortgage loans		13,976			13,375			13,342			4	%		5	%
Home equity		8,521			8,655			9,009			(2	%)		(5	%)
Automobile loans		11,881			11,902			12,105			—			(2	%)
Credit card		2,277			2,296			2,295			(1	%)		(1	%)
Other consumer loans and leases		661			483			374			37	%		77	%
Taxable securities		28,251			27,344			22,594			3	%		25	%
Tax exempt securities		52			59			50			(12	%)		4	%
Other short-term investments		1,799			3,160			2,283			(43	%)		(21	%)
Total interest-earning assets		124,431			123,302			116,355			1	%		7	%
Cash and due from banks		2,503			2,636			2,862			(5	%)		(13	%)
Other assets		15,097			15,354			14,461			(2	%)		4	%
Allowance for loan and lease losses		(1,292	)		(1,300	)		(1,458	)		(1	%)		(11	%)
Total Assets	$	140,739		$	139,992		$	132,220			1	%		6	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	25,590		$	26,894		$	24,926			(5	%)		3	%
Savings		14,868			15,156			15,759			(2	%)		(6	%)
Money market		18,253			18,071			15,222			1	%		20	%
Foreign office		718			955			1,663			(25	%)		(57	%)
Other time		4,057			4,074			3,800			—			7	%
Certificates—$100,000 and over		2,924			2,558			3,339			14	%		(12	%)
Other deposits		222			—			—			100	%		100	%
Federal funds purchased		1,978			326			520			NM			NM
Other short-term borrowings		1,897			1,705			1,973			11	%		(4	%)
Long-term debt		14,697			13,773			13,955			7	%		5	%
Total interest-bearing liabilities		85,204			83,512			81,157			2	%		5	%
Demand deposits		35,231			35,384			31,790			—			11	%
Other liabilities		4,458			5,215			3,749			(15	%)		19	%
Total Liabilities		124,893			124,111			116,696			1	%		7	%
Total Equity		15,846			15,881			15,524			—			2	%
Total Liabilities and Equity	$	140,739		$	139,992		$	132,220			1	%		6	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans(a)		3.11	%		3.14	%		3.25	%		(1	%)		(4	%)
Commercial mortgage loans(a)		3.17	%		3.22	%		3.34	%		(2	%)		(5	%)
Commercial construction loans(a)		3.13	%		3.17	%		3.49	%		(1	%)		(10	%)
Commercial leases(a)		2.72	%		2.83	%		2.96	%		(4	%)		(8	%)
Residential mortgage loans		3.63	%		3.69	%		3.84	%		(2	%)		(5	%)
Home equity		3.61	%		3.66	%		3.69	%		(1	%)		(2	%)
Automobile loans		2.62	%		2.65	%		2.72	%		(1	%)		(4	%)
Credit card		10.38	%		10.33	%		9.87	%		—			5	%
Other consumer loans and leases		6.81	%		8.49	%		36.98	%		(20	%)		(82	%)
Total loans and leases		3.36	%		3.41	%		3.61	%		(1	%)		(7	%)
Taxable securities		3.23	%		3.20	%		3.32	%		1	%		(3	%)
Tax exempt securities(a)		5.20	%		4.82	%		5.34	%		8	%		(3	%)
Other short-term investments		0.23	%		0.25	%		0.26	%		(8	%)		(12	%)
Total interest-earning assets		3.29	%		3.28	%		3.49	%		—			(6	%)
Interest-bearing liabilities:
Interest checking		0.18	%		0.19	%		0.22	%		(5	%)		(18	%)
Savings		0.05	%		0.05	%		0.09	%		—			(44	%)
Money market		0.21	%		0.23	%		0.37	%		(9	%)		(43	%)
Foreign office		0.14	%		0.14	%		0.29	%		—			(52	%)
Other time		1.19	%		1.24	%		1.07	%		(4	%)		11	%
Certificates—$100,000 and over		1.16	%		1.24	%		0.96	%		(6	%)		21	%
Other deposits		0.16	%		0.00	%		0.00	%		100	%		100	%
Federal funds purchased		0.14	%		0.12	%		0.09	%		17	%		56	%
Other short-term borrowings		0.13	%		0.12	%		0.10	%		8	%		30	%
Long-term debt		2.15	%		2.04	%		1.80	%		5	%		19	%
Total interest-bearing liabilities		0.58	%		0.56	%		0.56	%		4	%		4	%
Ratios:
Net interest margin (taxable equivalent)		2.89	%		2.90	%		3.10	%		—			(7	%)
Net interest rate spread (taxable equivalent)		2.71	%		2.72	%		2.93	%		—			(8	%)
Interest-bearing liabilities to interest-earning assets		68.47	%		67.73	%		69.75	%		1	%		(2	%)

(a) Presented on a fully taxable equivalent basis.

26

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	Year to Date						% Change
	September 2015			September 2014			Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	42,399		$	41,133			3	%
Commercial mortgage loans		7,144			7,834			(9	%)
Commercial construction loans		2,574			1,351			91	%
Commercial leases		3,780			3,580			6	%
Residential mortgage loans		13,624			13,283			3	%
Home equity		8,658			9,101			(5	%)
Automobile loans		11,905			12,066			(1	%)
Credit card		2,298			2,252			2	%
Other consumer loans and leases		537			373			44	%
Taxable securities		26,251			21,570			22	%
Tax exempt securities		57			50			14	%
Other short-term investments		3,597			2,324			55	%
Total interest-earning assets		122,824			114,917			7	%
Cash and due from banks		2,655			2,853			(7	%)
Other assets		15,297			14,451			6	%
Allowance for loan and lease losses		(1,304	)		(1,504	)		(13	%)
Total Assets	$	139,472		$	130,717			7	%
Liabilities
Interest-bearing liabilities:
Interest checking	$	26,452		$	25,349			4	%
Savings		15,065			16,386			(8	%)
Money market		17,942			13,878			29	%
Foreign office		844			1,959			(57	%)
Other time		4,051			3,704			9	%
Certificates—$100,000 and over		2,722			4,243			(36	%)
Other deposits		75			—			100	%
Federal funds purchased		832			558			49	%
Other short-term borrowings		1,736			2,006			(13	%)
Long-term debt		14,306			12,277			17	%
Total interest-bearing liabilities		84,025			80,360			5	%
Demand deposits		34,797			31,235			11	%
Other liabilities		4,788			3,913			22	%
Total Liabilities		123,610			115,508			7	%
Total Equity		15,862			15,209			4	%
Total Liabilities and Equity	$	139,472		$	130,717			7	%
Yield Analysis
Interest-earning assets:
Commercial and industrial loans(a)		3.14	%		3.29	%		(5	%)
Commercial mortgage loans(a)		3.22	%		3.39	%		(5	%)
Commercial construction loans(a)		3.17	%		3.50	%		(9	%)
Commercial leases(a)		2.82	%		3.03	%		(7	%)
Residential mortgage loans		3.71	%		3.90	%		(5	%)
Home equity		3.64	%		3.71	%		(2	%)
Automobile loans		2.65	%		2.78	%		(5	%)
Credit card		10.31	%		9.94	%		4	%
Other consumer loans and leases		8.45	%		37.48	%		(77	%)
Total loans and leases		3.41	%		3.66	%		(7	%)
Taxable securities		3.24	%		3.33	%		(3	%)
Tax exempt securities(a)		5.08	%		5.16	%		(2	%)
Other short-term investments		0.25	%		0.27	%		(7	%)
Total interest-earning assets		3.28	%		3.53	%		(7	%)
Interest-bearing liabilities:
Interest checking		0.19	%		0.22	%		(14	%)
Savings		0.06	%		0.10	%		(40	%)
Money market		0.25	%		0.33	%		(24	%)
Foreign office		0.16	%		0.29	%		(45	%)
Other time		1.20	%		1.03	%		17	%
Certificates—$100,000 and over		1.19	%		0.81	%		47	%
Other deposits		0.16	%		0.00	%		100	%
Federal funds purchased		0.13	%		0.09	%		44	%
Other short-term borrowings		0.12	%		0.10	%		20	%
Long-term debt		2.07	%		1.90	%		9	%
Total interest-bearing liabilities		0.58	%		0.54	%		7	%
Ratios:
Net interest margin (taxable equivalent)		2.88	%		3.16	%		(9	%)
Net interest rate spread (taxable equivalent)		2.70	%		2.99	%		(10	%)
Interest-bearing liabilities to interest-earning assets		68.41	%		69.93	%		(2	%)

(a) Presented on a fully taxable equivalent basis.

27

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	September 2015			June 2015			March 2015			December 2014			September 2014
Assets
Interest-earning assets:
Commercial and industrial loans	$	43,162		$	42,554		$	41,462		$	41,313		$	41,525
Commercial mortgage loans		7,038			7,149			7,248			7,482			7,637
Commercial construction loans		2,966			2,549			2,198			1,911			1,565
Commercial leases		3,847			3,776			3,716			3,601			3,576
Residential mortgage loans		13,976			13,375			13,515			13,526			13,342
Home equity		8,521			8,655			8,802			8,937			9,009
Automobile loans		11,881			11,902			11,933			12,073			12,105
Credit card		2,277			2,296			2,321			2,324			2,295
Other consumer loans and leases		661			483			464			414			374
Taxable securities		28,251			27,344			23,102			22,364			22,594
Tax exempt securities		52			59			59			64			50
Other short-term investments		1,799			3,160			5,877			5,176			2,283
Total interest-earning assets		124,431			123,302			120,697			119,185			116,355
Cash and due from banks		2,503			2,636			2,830			3,008			2,862
Other assets		15,097			15,354			15,446			14,800			14,461
Allowance for loan and lease losses		(1,292	)		(1,300	)		(1,322	)		(1,413	)		(1,458	)
Total Assets	$	140,739		$	139,992		$	137,651		$	135,580		$	132,220
Liabilities
Interest-bearing liabilities:
Interest checking	$	25,590		$	26,894		$	26,885		$	25,478		$	24,926
Savings		14,868			15,156			15,174			15,173			15,759
Money market		18,253			18,071			17,492			17,023			15,222
Foreign office		718			955			861			1,439			1,663
Other time		4,057			4,074			4,022			3,936			3,800
Certificates—$100,000 and over		2,924			2,558			2,683			2,998			3,339
Other deposits		222			—			—			—			—
Federal funds purchased		1,978			326			172			161			520
Other short-term borrowings		1,897			1,705			1,602			1,481			1,973
Long-term debt		14,697			13,773			14,448			14,855			13,955
Total interest-bearing liabilities		85,204			83,512			83,339			82,544			81,157
Demand deposits		35,231			35,384			33,760			33,301			31,790
Other liabilities		4,458			5,215			4,693			4,052			3,749
Total Liabilities		124,893			124,111			121,792			119,897			116,696
Total Equity		15,846			15,881			15,859			15,683			15,524
Total Liabilities and Equity	$	140,739		$	139,992		$	137,651		$	135,580		$	132,220
Yield Analysis
Interest-earning assets:
Commercial and industrial loans(a)		3.11	%		3.14	%		3.16	%		3.21	%		3.25	%
Commercial mortgage loans(a)		3.17	%		3.22	%		3.27	%		3.28	%		3.34	%
Commercial construction loans(a)		3.13	%		3.17	%		3.23	%		3.30	%		3.49	%
Commercial leases(a)		2.72	%		2.83	%		2.90	%		2.96	%		2.96	%
Residential mortgage loans		3.63	%		3.69	%		3.83	%		3.80	%		3.84	%
Home equity		3.61	%		3.66	%		3.66	%		3.68	%		3.69	%
Automobile loans		2.62	%		2.65	%		2.68	%		2.73	%		2.72	%
Credit card		10.38	%		10.33	%		10.22	%		10.08	%		9.87	%
Other consumer loans and leases		6.81	%		8.49	%		10.79	%		31.97	%		36.98	%
Total loans and leases		3.36	%		3.41	%		3.46	%		3.58	%		3.61	%
Taxable securities		3.23	%		3.20	%		3.30	%		3.28	%		3.32	%
Tax exempt securities(a)		5.20	%		4.82	%		5.24	%		4.42	%		5.34	%
Other short-term investments		0.23	%		0.25	%		0.25	%		0.26	%		0.26	%
Total interest-earning assets		3.29	%		3.28	%		3.28	%		3.38	%		3.49	%
Interest-bearing liabilities:
Interest checking		0.18	%		0.19	%		0.20	%		0.22	%		0.22	%
Savings		0.05	%		0.05	%		0.07	%		0.08	%		0.09	%
Money market		0.21	%		0.23	%		0.32	%		0.39	%		0.37	%
Foreign office		0.14	%		0.14	%		0.20	%		0.30	%		0.29	%
Other time		1.19	%		1.24	%		1.17	%		1.14	%		1.07	%
Certificates—$100,000 and over		1.16	%		1.24	%		1.16	%		1.05	%		0.96	%
Other deposits		0.16	%		0.00	%		0.00	%		0.00	%		0.00	%
Federal funds purchased		0.14	%		0.12	%		0.09	%		0.10	%		0.09	%
Other short-term borrowings		0.13	%		0.12	%		0.11	%		0.10	%		0.10	%
Long-term debt		2.15	%		2.04	%		2.02	%		1.94	%		1.80	%
Total interest-bearing liabilities		0.58	%		0.56	%		0.60	%		0.61	%		0.56	%
Ratios:
Net interest margin (taxable equivalent)		2.89	%		2.90	%		2.86	%		2.96	%		3.10	%
Net interest rate spread (taxable equivalent)		2.71	%		2.72	%		2.68	%		2.77	%		2.93	%
Interest-bearing liabilities to interest-earning assets		68.47	%		67.73	%		69.05	%		69.26	%		69.75	%

(a) Presented on a fully taxable equivalent basis.

28

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	September 2015		June 2015		March 2015		December 2014		September 2014
Average Loans and Leases (excluding held for sale)
Commercial:
Commercial and industrial loans	$	43,149	$	42,550	$	41,426	$	41,277	$	41,477
Commercial mortgage loans		7,023		7,148		7,241		7,480		7,633
Commercial construction loans		2,965		2,549		2,197		1,909		1,563
Commercial leases		3,846		3,776		3,715		3,600		3,571
Subtotal—commercial		56,983		56,023		54,579		54,266		54,244
Consumer:
Residential mortgage loans		13,144		12,831		12,433		13,046		12,785
Home equity		8,479		8,654		8,802		8,937		9,009
Automobile loans		11,877		11,902		11,933		12,073		12,105
Credit card		2,277		2,296		2,321		2,324		2,295
Other consumer loans and leases		613		467		440		395		361
Subtotal—consumer		36,390		36,150		35,929		36,775		36,555
Total average loans and leases (excluding held for sale)	$	93,373	$	92,173	$	90,508	$	91,041	$	90,799
Average loans held for sale	$	956	$	566	$	1,151	$	540	$	629
End of Period Loans and Leases
Commercial:
Commercial and industrial loans	$	42,948	$	42,800	$	42,052	$	40,765	$	41,072
Commercial mortgage loans		7,061		7,150		7,209		7,399		7,564
Commercial construction loans		3,101		2,709		2,302		2,069		1,702
Commercial leases		3,898		3,881		3,786		3,720		3,554
Subtotal—commercial		57,008		56,540		55,349		53,953		53,892
Consumer:
Residential mortgage loans		13,392		12,933		12,569		12,389		12,941
Home equity		8,427		8,547		8,714		8,886		8,987
Automobile loans		11,826		11,909		11,873		12,037		12,121
Credit card		2,229		2,278		2,291		2,401		2,317
Other consumer loans and leases		692		496		448		418		366
Subtotal—consumer		36,566		36,163		35,895		36,131		36,732
Total portfolio loans and leases	$	93,574	$	92,703	$	91,244	$	90,084	$	90,624
Total loans held for sale	$	994	$	995	$	724	$	1,261	$	641
Operating lease equipment	$	680	$	670	$	695	$	728	$	732
Loans and Leases Serviced for Others:(a)
Commercial and industrial loans	$	589	$	594	$	609	$	637	$	620
Commercial mortgage loans		260		266		279		270		274
Commercial construction loans		26		25		21		20		22
Commercial leases		252		260		257		283		267
Residential mortgage loans		60,301		61,727		64,178		65,413		66,808
Automobile loans		146		174		203		232		263
Total loans and leases serviced for others		61,574		63,046		65,547		66,855		68,254
Total loans and leases serviced	$	156,822	$	157,414	$	158,210	$	158,928	$	160,251

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

29

Fifth Third Bancorp and Subsidiaries

Regulatory Capital

$ in millions

(unaudited)

	Basel III Transitional									Basel I(c)
	As of
	September 2015(a)			June 2015			March 2015			December 2014			September 2014
Tier I capital:
Common stock and related surplus (net of treasury stock)	$	2,147		$	2,419		$	2,565			N/A			N/A
Retained earnings		11,826			11,564			11,380			N/A			N/A
Common equity tier I capital adjustments and deductions		(2,399	)		(2,401	)		(2,402	)		N/A			N/A
CET1 capital		11,574			11,582			11,543			N/A			N/A
Additional tier I capital		1,340			1,340			1,339			N/A			N/A
Tier I capital		12,914			12,922			12,882		$	12,764		$	12,661
Tier II capital		3,935			3,909			4,112			4,131			4,103
Total regulatory capital	$	16,849		$	16,831		$	16,994		$	16,895		$	16,764
Risk-weighted assets	$	123,140	(b)	$	122,986	(b)	$	121,310	(b)	$	117,878		$	116,917
Ratios:
Average shareholders’ equity to average assets		11.24	%		11.32	%		11.49	%		11.54	%		11.71	%
Regulatory capital:
	Basel III Transitional									Basel I(c)
Fifth Third Bancorp
CET1 capital		9.40	%(b)		9.42	%(b)		9.52	%(b)		N/A			N/A
Tier I risk-based capital		10.49	%(b)		10.51	%(b)		10.62	%(b)		10.83	%		10.83	%
Total risk-based capital		13.68	%(b)		13.69	%(b)		14.01	%(b)		14.33	%		14.34	%
Tier I leverage		9.38	%		9.44	%		9.59	%		9.66	%		9.82	%
Tier I common equity		N/A			N/A			N/A			9.65	%(d)		9.64	%(d)
CET1 capital (fully phased-in)		9.30	%(b)(d)		9.31	%(b)(d)		9.41	%(b)(d)		N/A			N/A
Fifth Third Bank
Tier I risk-based capital		11.39	%(b)		11.25	%(b)		11.36	%(b)		11.85	%		11.87	%
Total risk-based capital		12.55	%(b)		12.44	%(b)		12.58	%(b)		13.10	%		13.12	%
Tier I leverage		10.21	%		10.14	%		10.30	%		10.58	%		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
	September 2015			June 2015			March 2015			December 2014			September 2014
Average loans and leases (excluding held for sale):
Commercial and industrial loans	$	43,149		$	42,550		$	41,426		$	41,277		$	41,477
Commercial mortgage loans		7,023			7,148			7,241			7,480			7,633
Commercial construction loans		2,965			2,549			2,197			1,909			1,563
Commercial leases		3,846			3,776			3,715			3,600			3,571
Residential mortgage loans		13,144			12,831			12,433			13,046			12,785
Home equity		8,479			8,654			8,802			8,937			9,009
Automobile loans		11,877			11,902			11,933			12,073			12,105
Credit card		2,277			2,296			2,321			2,324			2,295
Other consumer loans and leases		613			467			440			395			361
Total average loans and leases (excluding held for sale)	$	93,373		$	92,173		$	90,508		$	91,041		$	90,799
Losses charged-off:
Commercial and industrial loans	($	133	)	($	40	)	($	43	)	($	50	)	($	62	)
Commercial mortgage loans		(13	)		(14	)		(5	)		(12	)		(10	)
Commercial construction loans		(3	)		—			—			—			—
Commercial leases		—			—			—			(1	)		—
Residential mortgage loans		(6	)		(8	)		(9	)		(97	)		(12	)
Home equity		(13	)		(13	)		(17	)		(15	)		(18	)
Automobile loans		(11	)		(9	)		(13	)		(11	)		(11	)
Credit card		(24	)		(24	)		(24	)		(23	)		(26	)
Other consumer loans and leases		(6	)		(4	)		(4	)		(6	)		(7	)
Total losses charged-off	($	209	)	($	112	)	($	115	)	($	215	)	($	146	)
Recoveries of losses previously charged-off:
Commercial and industrial loans	$	5		$	6		$	5		$	6		$	12
Commercial mortgage loans		2			3			4			2			5
Commercial construction loans		—			—			—			—			—
Commercial leases		—			—			—			—			—
Residential mortgage loans		3			3			3			3			3
Home equity		4			4			3			4			4
Automobile loans		4			5			5			4			4
Credit card		3			3			3			3			3
Other consumer loans and leases		—			2			1			2			—
Total recoveries of losses previously charged-off	$	21		$	26		$	24		$	24		$	31
Net losses charged-off:
Commercial and industrial loans	($	128	)	($	34	)	($	38	)	($	44	)	($	50	)
Commercial mortgage loans		(11	)		(11	)		(1	)		(10	)		(5	)
Commercial construction loans		(3	)		—			—			—			—
Commercial leases		—			—			—			(1	)		—
Residential mortgage loans		(3	)		(5	)		(6	)		(94	)		(9	)
Home equity		(9	)		(9	)		(14	)		(11	)		(14	)
Automobile loans		(7	)		(4	)		(8	)		(7	)		(7	)
Credit card		(21	)		(21	)		(21	)		(20	)		(23	)
Other consumer loans and leases		(6	)		(2	)		(3	)		(4	)		(7	)
Total net losses charged-off	($	188	)	($	86	)	($	91	)	($	191	)	($	115	)
Net losses charged-off as a percent of average portfolio loans and leases:
Commercial and industrial loans		1.17	%		0.32	%		0.38	%		0.43	%		0.48	%
Commercial mortgage loans		0.66	%		0.62	%		0.05	%		0.53	%		0.24	%
Commercial construction loans		0.43	%		0.00	%		(0.06	%)		(0.01	%)		(0.11	%)
Commercial leases		0.00	%		(0.01	%)		0.00	%		0.06	%		0.00	%
Residential mortgage loans		0.10	%		0.16	%		0.19	%		2.87	%		0.28	%
Home equity		0.42	%		0.41	%		0.61	%		0.47	%		0.63	%
Automobile loans		0.23	%		0.14	%		0.28	%		0.22	%		0.24	%
Credit card		3.77	%		3.62	%		3.60	%		3.40	%		3.89	%
Other consumer loans and leases		3.52	%		2.45	%		4.02	%		4.57	%		8.13	%
Total net losses charged-off as a percent of average portfolio loans and leases		0.80	%		0.37	%		0.41	%		0.83	%		0.50	%

31

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	September 2015			June 2015			March 2015			December 2014			September 2014
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	1,293		$	1,300		$	1,322		$	1,414		$	1,458
Total net losses charged-off		(188	)		(86	)		(91	)		(191	)		(115	)
Provision for loan and lease losses		156			79			69			99			71
Allowance for loan and lease losses, ending	$	1,261		$	1,293		$	1,300		$	1,322		$	1,414
Reserve for unfunded commitments, beginning	$	132		$	130		$	135		$	134		$	142
Provision (benefit) for unfunded commitments		2			2			(4	)		1			(8	)
Charge-offs		—			—			(1	)		—			—
Reserve for unfunded commitments, ending	$	134		$	132		$	130		$	135		$	134
Components of allowance for credit losses:
Allowance for loan and lease losses	$	1,261		$	1,293		$	1,300		$	1,322		$	1,414
Reserve for unfunded commitments		134			132			130			135			134
Total allowance for credit losses	$	1,395		$	1,425		$	1,430		$	1,457		$	1,548
	As of
	September 2015			June 2015			March 2015			December 2014			September 2014
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	47		$	61		$	61		$	86		$	102
Commercial mortgage loans		60			49			57			64			77
Commercial construction loans		—			—			—			—			2
Commercial leases		2			2			2			3			3
Residential mortgage loans		31			35			40			44			52
Home equity		65			70			71			72			69
Total nonaccrual portfolio loans and leases (excludes restructured loans)		205			217			231			269			305
Restructured loans—commercial (nonaccrual)		177			175			205			214			201
Restructured loans—consumer (nonaccrual)		76			83			90			96			114
Total nonaccrual portfolio loans and leases		458			475			526			579			620
Repossessed property		17			16			20			18			19
OREO(b)		131			135			145			147			157
Total nonperforming portfolio assets		606			626			691			744			796
Nonaccrual loans held for sale		1			1			2			24			4
Restructured loans—(nonaccrual) held for sale		1			—			—			15			3
Total nonperforming assets including loans held for sale	$	608		$	627		$	693		$	783		$	803
Restructured portfolio consumer loans and leases (accrual)	$	973		$	970		$	943		$	905		$	1,610
Restructured portfolio commercial loans and leases (accrual)	$	571		$	769		$	774		$	844		$	885
Ninety days past due loans and leases:
Commercial and industrial loans	$	3		$	2		$	2		$	—		$	—
Commercial mortgage loans		2			—			1			—			1
Commercial construction loans		—			—			—			—			—
Commercial leases		—			—			—			—			—
Total commercial loans and leases		5			2			3			—			1
Residential mortgage loans		40			43			48			56			57
Home equity		—			—			—			—			—
Automobile loans		8			8			7			8			8
Credit card		17			17			20			23			21
Other consumer loans and leases		—			—			—			—			—
Total consumer loans and leases		65			68			75			87			86
Total ninety days past due loans and leases(c)	$	70		$	70		$	78		$	87		$	87
Ratios
Net losses charged-off as a percent of average portfolio loans and leases		0.80	%		0.37	%		0.41	%		0.83	%		0.50	%
Allowance for loan and lease losses:
As a percent of portfolio loans and leases		1.35	%		1.39	%		1.42	%		1.47	%		1.56	%
As a percent of nonperforming loans and leases(a)		275	%		272	%		247	%		228	%		228	%
As a percent of nonperforming assets(a)		208	%		206	%		188	%		178	%		178	%
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including OREO(a)		0.49	%		0.51	%		0.57	%		0.64	%		0.68	%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(a)		0.65	%		0.67	%		0.76	%		0.82	%		0.88	%
Nonperforming assets as a percent of total loans, leases and other assets, including OREO		0.64	%		0.67	%		0.75	%		0.86	%		0.88	%
Allowance for credit losses as a percent of nonperforming assets		230	%		228	%		207	%		196	%		195	%

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

(b) Excludes $18, $28, $42, $71 and $85 of OREO related to government insured loans at September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014 and September 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 $40, $37 and $21 of government guaranteed loans classified as other receivables as of September 30, 2015, 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
	September 2015			June 2015			March 2015			December 2014			September 2014
Income before income taxes (U.S. GAAP)	$	515		$	417		$	485		$	519		$	464
Add: Provision expense (U.S. GAAP)		156			79			69			99			71
Pre-provision net revenue		671			496			554			618			535
Net income available to common shareholders (U.S. GAAP)		366			292			346			362			328
Add: Intangible amortization, net of tax		—			—			—			1			1
Tangible net income available to common shareholders		366			292			346			363			329
Tangible net income available to common shareholders (annualized) (a)		1,452			1,171			1,403			1,440			1,305
Average Bancorp shareholders’ equity (U.S. GAAP)		15,815			15,841			15,820			15,644			15,486
Less: Average preferred stock		(1,331	)		(1,331	)		(1,331	)		(1,331	)		(1,331	)
Average goodwill		(2,416	)		(2,416	)		(2,416	)		(2,416	)		(2,416	)
Average intangible assets and other servicing rights		(14	)		(15	)		(15	)		(17	)		(16	)
Average tangible common equity (b)		12,054			12,079			12,058			11,880			11,723
Total Bancorp shareholders’ equity (U.S. GAAP)		15,826			15,605			15,864			15,626			15,404
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		(13	)		(14	)		(15	)		(16	)		(16	)
Tangible common equity, including unrealized gains / losses (c)		12,066			11,844			12,102			11,863			11,641
Less: Accumulated other comprehensive income		(522	)		(291	)		(588	)		(429	)		(301	)
Tangible common equity, excluding unrealized gains / losses (d)		11,544			11,553			11,514			11,434			11,340
Add: Preferred stock		1,331			1,331			1,331			1,331			1,331
Tangible equity (e)		12,875			12,884			12,845			12,765			12,671
Total assets (U.S. GAAP)		141,918			141,658			140,470			138,706			134,188
Less: Goodwill		(2,416	)		(2,416	)		(2,416	)		(2,416	)		(2,416	)
Intangible assets and other servicing rights		(13	)		(14	)		(15	)		(16	)		(16	)
Tangible assets, including unrealized gains / losses (f)		139,489			139,228			138,039			136,274			131,756
Less: Accumulated other comprehensive income / loss, before tax		(803	)		(448	)		(905	)		(660	)		(463	)
Tangible assets, excluding unrealized gains / losses (g)	$	138,686		$	138,780		$	137,134			135,614			131,293
Total Bancorp shareholders’ equity (U.S. GAAP)		N/A			N/A			N/A			15,626			15,404
Less: Goodwill and certain other intangibles		N/A			N/A			N/A			(2,476	)		(2,484	)
Unrealized gains		N/A			N/A			N/A			(429	)		(301	)
Qualifying trust preferred securities		N/A			N/A			N/A			60			60
Other		N/A			N/A			N/A			(17	)		(18	)
Tier I capital		N/A			N/A			N/A			12,764			12,661
Less: Preferred stock		N/A			N/A			N/A			(1,331	)		(1,331	)
Qualifying trust preferred securities		N/A			N/A			N/A			(60	)		(60	)
Qualifying noncontrolling interests in consolidated subsidiaries		N/A			N/A			N/A			(1	)		(1	)
Tier I common equity (h)		N/A	(2)		N/A	(2)		N/A	(2)	$	11,372		$	11,269
Common shares outstanding (i)		795			810			815			824			834
	Basel III Transitional									Basel I
Risk-weighted assets (actual) (j) (1)	$	123,140		$	122,986		$	121,310		$	117,878		$	116,917
Ratios:
Return on average tangible common equity (a) / (b)		12.0	%		9.7	%		11.7	%		12.1	%		11.1	%
Tangible equity (e) / (g)		9.28	%		9.28	%		9.37	%		9.41	%		9.65	%
Tangible common equity (excluding unrealized gains/losses) (d) / (g)		8.32	%		8.33	%		8.40	%		8.43	%		8.64	%
Tangible common equity (including unrealized gains/losses) (c) / (f)		8.65	%		8.51	%		8.77	%		8.71	%		8.84	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (d) / (j)		9.38	%		9.39	%		9.49	%		9.70	%		9.70	%
Tangible book value per share (c) / (i)	$	15.18		$	14.62		$	14.85		$	14.40		$	13.95
Tier I common equity (h) / (j)		N/A	(2)		N/A	(2)		N/A	(2)		9.65	%		9.64	%
Basel III Final Rule—Transition to fully phased-in
	September 2015			June 2015			March 2015			December 2014			September 2014
CET1 capital (transitional)	$	11,574		$	11,582		$	11,543			N/A			N/A
Less: Adjustments to CET1 capital from transitional to fully phased-in (3)		(11	)		(12	)		(13	)		N/A			N/A
CET1 capital (fully phased-in) (k)		11,563			11,570			11,530			N/A			N/A
Risk-weighted assets (transitional)		123,140			122,986			121,310			N/A			N/A
Add: Adjustments to risk-weighted assets from transitional to fully phased-in (4)		1,136			1,280			1,182			N/A			N/A
Risk-weighted assets (fully phased-in) (l)	$	124,276		$	124,266		$	122,492			N/A			N/A
Estimated CET1 capital ratio under Basel III Final Rule (fully phased-in) (k)/(l)		9.30	%		9.31	%		9.41	%		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 September 30, 2015	Commercial Banking			Branch Banking			Consumer Lending			Investment Advisors			Other/ Eliminations			Total
Net interest income(a)	$	418		$	395		$	62		$	33		($	2	)	$	906
Provision for loan and lease losses		(138	)		(39	)		(11	)		—			32			(156	)
Net interest income after provision for loan and lease losses		280			356			51			33			30			750
Total noninterest income		228			197			76			102			110			713
Total noninterest expense		(342	)		(396	)		(106	)		(112	)		13			(943	)
Income before income taxes		166			157			21			23			153			520
Applicable income tax expense(a)		(13	)		(55	)		(8	)		(8	)		(55	)		(139	)
Net income		153			102			13			15			98			381
Less: Net income attributable to noncontrolling interests		—			—			—			—			—			—
Net income attributable to Bancorp		153			102			13			15			98			381
Dividends on preferred stock		—			—			—			—			15			15
Net income available to common shareholders	$	153		$	102		$	13		$	15		$	83		$	366
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

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

3Q15 Earnings Presentation

October 20, 2015

Refer to earnings release dated October 20, 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

($ in millions)

3Q15

Seq.

YOY

Average

Balances

Total loans & leases

1

$93,373

$1,200

$2,574

Core deposits

$98,717

($1,817)

$5,557

Income

Statement

Data

Net interest income (taxable equivalent)

$906

2%

-

Provision for loan and lease losses

156

97%

NM

Noninterest income

713

28%

37%

Noninterest expense

943

-

6%

Net income attributable to Bancorp

$381

21%

12%

Net income available to common

shareholders

$366

25%

12%

Financial

Ratios

Earnings per share, diluted

0.45

25%

15%

Net interest margin

2.89%

(1bp)

(21bps)

Efficiency ratio

58.2%

(720bps)

(390bps)

Return on average assets

1.07%

17bps

5bps

Return on average common equity

10.0%

190bps

80bps

Return

on

average

tangible

common

equity

2

12.0%

230bps

90bps

Tangible book value per share

2

$   15.18

4%

9%

3Q15 in review

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

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 3Q15 results

(~$0.06

positive

after-tax

EPS

impact):

—

$130MM positive valuation adjustment on

the Vantiv

warrant

—

($35MM) of provision expense related to

restructuring of a student loan backed

commercial credit originally extended in

2007

—

($9MM) charge associated with executive

retirements and severance

—

($8MM) charge related to valuation of the

Visa total return swap

3Q15 core business trends solid despite

continued low interest rate environment

Credit trends

—

NCO ratio 80bps of loans and leases as of

3Q15 increased from 37bps in 2Q15 due to

the restructuring of a student loan backed

credit mentioned above

—

NPAs down $20MM compared with 2Q15;

NPA ratio 65bps

Strong capital ratios; tangible book value per

share

2

up 9% from 3Q14

4

Fifth Third Bank | All Rights Reserved

Balance sheet

Loan balances ($B)

•

Continuing to target prudent risk/reward

profile in lending

•

Average commercial loans HFI up 2%

sequentially and up 5% year-over-year

–

Year-over-year growth primarily

driven by C&I and commercial

construction, partially offset by

lower commercial mortgage

balances

–

End of period commercial line

utilization 32%

•

Average consumer loans HFI increased

1% sequentially and were flat year-over-

year

•

Average transaction deposits down

$1.8B sequentially with decreases in

interest checking and savings account

balances, partially offset by higher

money market account balances

–

Consumer average transaction

deposits down 2% sequentially and

up 4% year-over-year

–

Commercial average transaction

deposits down 2% sequentially and

up 9% year-over-year

•

Average core deposit to loan ratio of

106%

Average core deposit balances ($B)

$98.7

$93.2

0

5

10

15

20

25

30

3Q14

4Q14

1Q15

2Q15

3Q15

Average securities and short-term

investments ($B)

•

Average securities up $5.7B from 3Q14

driven by LCR requirements

•

Securities portfolio / total assets of

20.7% in 3Q15, up from 17.5% a year

ago

•

Average other short-term investments

decreased $0.5B year-over-year

$30.1

$24.9

$27.6

$29.0

$30.6

Note: Numbers may not sum due to rounding.

$22.6

$22.4

$23.2

$27.4

$28.3

$90.8

$91.0

$90.5

$92.2

$93.4

$89.4

$92.4

$94.2

$96.5

$94.7

103%

106%

108%

109%

106%

Average securities

Short

-term investments

95%

100%

105%

110%

115%

65

70

75

80

85

90

95

100

3Q14

4Q14

1Q15

2Q15

3Q15

Transaction deposits

Other time deposits

Core deposit to loan ratio

$90.6

$93.6

70

75

80

85

90

95

3Q14

4Q14

1Q15

2Q15

3Q15

EOP loans HFI

Avg

loans HFI

5

Fifth Third Bank | All Rights Reserved

$908

$888

$852

$892

$906

3.10%

2.96%

2.86%

2.90%

2.89%

$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%

3Q14

4Q14

1Q15

2Q15

3Q15

Net Interest Income ($MM)

NIM

Net interest income

NII and NIM (FTE)

•

Net interest income up $14MM from 2Q15

–

Increase driven by loan growth, partially offset by interest expense associated with the $1.1 billion of holding

company debt and $1.3 billion of bank-level debt issued in the third quarter of 2015 that pre-funded a portion

of our 2016 maturities at attractive spreads before the widening

–

NIM decreased 1 bp from the previous quarter, primarily driven by the impact of debt issuances discussed

above, day count, and loan yield compression, partially offset by the benefit of the slightly lower short-term

cash position during the quarter

•

Year-over-year NII decreased $2MM and NIM decreased 21 bps

–

NII decrease driven by a $24MM decline due to the changes to the Bancorp’s deposit advance product 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

–

NIM decrease primarily driven by an 8 bps impact due to the changes to the deposit advance product and loan

repricing

Yield Analysis

3Q14

2Q15

3Q15

Seq.  

(bps)

YoY

(bps)

Commercial and industrial loans

3.25%

3.14%

3.11%

(3)

(14)

Commercial mortgage loans

3.34%

3.22%

3.17%

(5)

(17)

Commercial construction loans

3.49%

3.17%

3.13%

(4)

(36)

Commercial leases

2.96%

2.83%

2.72%

(11)

(24)

Residential mortgage loans

3.84%

3.69%

3.63%

(6)

(21)

Home equity

3.69%

3.66%

3.61%

(5)

(8)

Automobile loans

2.72%

2.65%

2.62%

(3)

(10)

Credit card

9.87%

10.33%

10.38%

5

51

Other consumer loans and leases

36.98%

8.49%

6.81%

(168)

(3,017)

Total loans and leases

3.61%

3.41%

3.36%

(5)

(25)

Taxable securities

3.32%

3.20%

3.23%

3

(9)

Tax exempt securities

5.34%

4.82%

5.20%

38

(14)

Other short-term investments

0.26%

0.25%

0.23%

(2)

(3)

Total interest-earning assets

3.49%

3.28%

3.29%

1

(20)

Total interest-bearing liabilities

0.56%

0.56%

0.58%

2

2

Net interest spread

2.93%

2.72%

2.71%

(1)

(22)

6

Fifth Third Bank | All Rights Reserved

3Q14

2Q15

3Q15

Seq.

YOY

($ in millions)

$145

$139

$145

4%

-

100

113

104

(8%)

4%

61

117

71

(39%)

16%

103

105

103

(2%)

-

revenue

75

77

77

-

3%

income

33

1

213

NM

NM

gains, net

3

4

-

(100%)

(100%)

noninterest income

$520

$556

$713

28%

37%

Vantiv warrant valuation

53

(14)

(130)

Valuation of Visa total return swap

3

2

8

Branch / Land valuation adjustments

-

97

-

Securities (gains) / losses

(3)

(4)

-

Adjusted noninterest income

$573

$637

$591

(7%)

3%

Noninterest income

Compared

with

2Q15

•

Service charges on deposits sequential increase was

due to seasonally higher overdraft occurrences as well

as higher commercial service charges

•

Corporate banking revenue results were primarily due to

seasonally lower institutional sales revenue, business

lending fees, and foreign exchange fees, partially offset

by higher interest rate derivative fees and syndications

revenue

•

Mortgage banking revenue results reflect lower

mortgage servicing revenues and seasonally lower

originations in 3Q15

Compared with 3Q14

•

Corporate banking revenue results driven by higher

institutional sales revenue and loan syndications,

partially offset by lower foreign exchange fees.

Components of noninterest income

5 quarter trend ($MM)

$566

$637

$573

$612

$591

$-

$200

$400

$600

$800

3Q14

4Q14

1Q15

2Q15

3Q15

Adjusted noninterest income

Mortgage banking net revenue

Reported noninterest income

7

Fifth Third Bank | All Rights Reserved

Noninterest expense

Compared with 2Q15

•

Expenses were flat sequentially, reflecting a reversal of

litigation reserves, partially offset by higher

compensation primarily associated with executive

retirements and severance

Compared with 3Q14

•

Expenses were up 6% year-over-year due to higher

compensation expense, the change in provision for

unfunded commitments and marketing expense

3Q14

2Q15

3Q15

Seq.

YOY

($ in millions)

Salaries, wages and incentives

$357

$383

$387

1%

8%

Employee benefits

75

78

72

(8%)

(4%)

Net occupancy expense

78

83

77

(7%)

(1%)

Technology and communications

53

54

56

4%

6%

Equipment expense

30

31

31

-

3%

Card and processing expense

37

38

40

5%

8%

Other noninterest expense

258

280

280

-

9%

Noninterest expense

$888

$947

$943

-

6%

Severance

(2)

(2)

(3)

Executive Retirements

(6)

Adjusted noninterest expense

$886

$945

$934

(1%)

5%

Components of noninterest expense

$886

$912

$922

$945

$934

$-

$200

$400

$600

$800

$1,000

3Q14

4Q14

1Q15

2Q15

3Q15

Adjusted noninterest expense

Reported noninterest expense

5 quarter trend ($MM)

Note:

Provision

for

unfunded

commitments

was

an

expense

of

$2M

in

3Q15,

an

expense

of

$2M

in

2Q15,

a

benefit

of

$4M

in

1Q15,

an

expense

of

$1M

in

4Q14,

and

a

benefit

of

$8M

in

3Q14.

8

Fifth Third Bank | All Rights Reserved

Credit quality overview

Net charge-offs ($MM)

$86

$115

NCO ratio

0.50%

0.83%

0.41%

0.37%

0.80%

$188

HFI Nonperforming assets ($MM)

$691

$626

$606

$744

$796

NPAs down 3% sequentially and 24% from 3Q14;

lowest level since 2007

Reserve Coverage

Accruing 90+ Days Past Due ($MM)

3Q15 provision expense of $156MM,

reserve coverage levels remain solid

90 + delinquencies declined 20% from 3Q14

NPA ratio   0.88%             0.82%            0.76%             0.67%             0.65%   

Net charge-offs increased $102M from 2Q15 due to restructuring of

2007 student loan backed commercial credit

$191

$91

102

1

1

Charge-off related to restructuring of a student loan backed commercial credit originally extended in 2007

60

49

52

41

46

55

55

39

45

40

87

$0

$25

$50

$75

$100

$125

$150

$175

$200

3Q14

4Q14

1Q15

2Q15

3Q15

Consumer

Commercial

Related to TDR Transfer to HFS

487

461

421

376

370

309

283

270

250

236

$0

$200

$400

$600

$800

$1,000

3Q14

4Q14

1Q15

2Q15

3Q15

Commercial

Consumer

$87

$87

$78

$70

$70

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

$100

3Q14

4Q14

1Q15

2Q15

3Q15

$1,414

$1,322

$1,300

$1,293

$1,261

1.56%

1.47%

1.42%

1.39%

1.35%

$0

$500

$1,000

$1,500

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3Q14

4Q14

1Q15

2Q15

3Q15

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

ALLL / Loans and Leases

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

(Basel I)

Avg. Diluted Shares Outstanding (MM)

and

Tangible

Book

Value

per

share

1

EOP share impact

(MM)

Average share impact

(MM)

2Q15

3Q15

2Q15

3Q15

4Q15

Oct.

20, 2014         

$180MM ASR

-

-

0.1

-

-

Jan. 22, 2015

$180MM ASR

1.1

-

3.4

0.3

-

April 27, 2015

$155MM ASR

6.7

0.8

4.5

2.8

0.3

July 29, 2015

$150MM ASR

-

7.3

-

4.6

2.8

Sept. 3,

2015

$150MM ASR

-

6.5

-

1.9

4.6

Total

7.8

14.6

8.0

9.6

7.7

Capital Actions

Impact of Share Repurchases

Common Equity Tier 1

Ratio

2 

(Basel III)

Announced $155MM share repurchase transaction in

2Q15; completed on July 31, 2015

Announced two additional share repurchase transactions

totaling $300MM

9.6%

9.7%

9.5%

9.4%

9.4%

0%

2%

4%

6%

8%

10%

3Q14

4Q14

1Q15

2Q15

3Q15

838

828

819

813

805

$13.95

$14.40

$14.85

$14.62

$15.18

625

675

725

775

825

875

$10.00

$11.00

$12.00

$13.00

$14.00

$15.00

$16.00

$17.00

3Q14

4Q14

1Q15

2Q15

3Q15

Common Shares O/S

TBV per share

—

Settled

the

first

on

August

31,

2015

for

a

total repurchase of 7.4MM shares

—

Executed

second

repurchase

on

September

3, 2015

for

an initial 6.5MM shares

10

Fifth Third Bank | All Rights Reserved

Appendix

11

Fifth Third Bank | All Rights Reserved

62.1%

59.6%

62.3%

58.2%

59.5%

60.9%

64.9%

61.9%

62.7%

3Q14

4Q14

1Q15

2Q15

3Q15

Efficiency Ratio

Adjusted Efficiency Ratio

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 increased 35% sequentially, reflecting

impact of a $118MM in net benefit in 3Q15.

Excluding those items, adjusted PPNR decreased

4% sequentially, reflecting lower mortgage

banking net revenue in 3Q15

PPNR reconciliation

Efficiency ratio

65.4%

($ in millions)

3Q14

4Q14

1Q15

2Q15

3Q15

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

$464

$519

$485

$417

$515

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

71

99

69

79

156

PPNR (a) + (b)

$535

$618

$554

$496

$671

Adjustments

to

remove

(benefit)

/

detriment

2

:

In noninterest income:

Vantiv warrant valuation

53

(56)

(70)

(14)

(130)

Branch and land valuation adjusments

-

-

-

97

-

Gain from sales of troubled debt restructurings

-

-

(37)

-

-

Impairment associated with aircraft leases

-

-

30

-

-

Valuation of 2009 Visa total return swap

3

19

17

2

8

Securities (gains) / losses

(3)

(4)

(4)

(4)

-

In noninterest expense:

Severance expense

2

6

1

2

3

Litigation reserve charges

4

(3)

2

(1)

(5)

Executive Retirements

-

-

-

-

6

Adjusted PPNR

$594

$580

$493

$578

$553

$594

$580

$493

$578

$553

$0

$100

$200

$300

$400

$500

$600

$700

3Q14

4Q14

1Q15

2Q15

3Q15

Adjusted PPNR

Reported PPNR

Fifth Third Bank | All Rights Reserved

•

$2.3B in originations; 58% purchase volume

•

3Q15 mortgage drivers:

–

Origination fees and gain on sale revenue up $3MM

–

Gain on sale margin up 10 bps sequentially

–

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

–

MSR valuation adjustments of positive $8MM; servicing rights amortization of $37MM

–

$54MM in gross servicing fees

Mortgage

originations

($B)

and

gain

on

sale

margin

1

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

$71

$61

1

$86

12

61

60

59

56

54

(33)

(32)

(34)

(39)

(37)

(1)

(2)

17

57

8

3Q14

4Q14

1Q15

2Q15

3Q15

Orig fees and gains on loan sales

Gross servicing fees

Servicing rights amortization

MSR valuation adjustments

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

$3.0

3Q14

4Q14

1Q15

2Q15

3Q15

Originations for sale

Originations HFI

Margin

34

36

44

43

46

Mortgage banking results

Fifth Third Bank | All Rights Reserved

$350

$2,475

$650

$1,850

$850

$850

2015

2016

2017

2018

2019

2020

2021 On

Available and contingent borrowing capacity

(3Q15):

–

FHLB ~$9.3B available, ~$14.6B total

–

Federal Reserve ~$26.8B

Holding Company cash at 9/30/15: $3.2B

Cash currently sufficient to satisfy all fixed

obligations in a stressed environment for ~23

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.

Retail

Brokered CDs)

Heavily core funded

Strong liquidity profile

S-T

wholesale

3%

$1,250

$500

$500

$500

$1,100

$2,312

2015

2016

2017

2018

2019

2020

2021 on

Fifth Third Bancorp

Fifth Third Capital Trust (Bancorp)

Demand

25%

Interest

checking

18%

Savings/ MMDA

24%

Consumer time

3%

Foreign Office

0%

Non-Core

Deposits

2%

S-T borrowings

1%

Other liabilities

5%

Equity

11%

L-T debt

11%

13

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 (82% of commercial and 37% of consumer)

–

Investment portfolio duration of approximately 5.1 years

–

Short-term

wholesale

funding

represents

approximately

3.25%

-

3.75%

of

total

funding

–

Approximately $14BN 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%

5.40%

(4.00%)

+25 bps Shock

+100 bps Ramp

0.87%

3.49%

-

-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%

4.83%

1.92%

+200 bps Ramp

(1.46%)

(0.79%)

4.73%

11.58%

+100 bps Ramp

0.73%

3.21%

1.01%

+100 bps Ramp

(0.68%)

0.40%

2.41%

6.58%

13 to 24 Months

5.97%

3.78%

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

(12.00%)

(1.92%)

(6.00%)

(0.37%)

-

0.28%

12

Months

13 to 24

Months

12

Months

13 to 24 Months

(4.75%)

ESTIMATED NII SENSITIVITY PROFILE

ESTIMATED EVE SENSITIVITY PROFILE

Percent Change in

NII (FTE)

ALCO Policy Limits

Change in EVE

ALCO Policy Limit

15

Fifth Third Bank | All Rights Reserved

NPL rollforward

NPL HFI Rollforward

Commercial

3Q14

4Q14

1Q15

2Q15

3Q15

396

385

367

325

287

Transfers to nonperforming

116

99

80

66

194

Transfers to performing

-

(1)

(1)

(3)

(2)

Transfers from held for sale

-

-

-

-

-

Transfers to held for sale

(3)

-

-

-

-

Loans sold from portfolio

(12)

(5)

(5)

(3)

(1)

Loan paydowns/payoffs

(39)

(45)

(62)

(44)

(46)

Transfers to other real estate owned

(9)

(7)

(9)

(10)

-

Charge-offs

(66)

(62)

(45)

(49)

(148)

Draws/other extensions of credit

2

3

-

5

2

385

367

325

287

286

Consumer

3Q14

4Q14

1Q15

2Q15

3Q15

244

235

212

201

188

Transfers to nonperforming

90

86

54

55

55

Transfers to performing

(40)

(33)

(23)

(26)

(30)

Transfers from held for sale

-

-

5

-

-

Transfers to held for sale

-

(24)

-

-

(1)

Loans sold from portfolio

-

-

-

-

-

Loan paydowns/payoffs

(5)

(5)

(8)

(14)

(11)

Transfers to OREO/other repossessed property

(21)

(20)

(17)

(10)

(11)

Charge-offs

(33)

(27)

(22)

(18)

(18)

Draws/other extensions of credit

-

-

-

-

-

235

212

201

188

172

Total NPL

620

579

526

475

458

Total new nonaccrual loans - HFI

206

185

134

121

249

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

* Excludes loans held-for-sale.

•

Commercial & industrial loans represented 46% of total loans

•

C&I loans were flat sequentially and up 5% since 3Q14

•

SNC portfolio $26.2B

•

Non-power producer Energy portfolio $1.6B, down slightly

from 2Q15

•

Net charge-offs increased $94 million from 2Q15 primarily

due to the $102 million net charge-off related to the

restructuring of a 2007 student loan based credit

($ in millions)

3Q14

4Q14

1Q15

2Q15

3Q15

EOP Balance*

$41,072

$40,765

$42,052

$42,800

$42,948

Avg Loans*

$41,477

$41,277

$41,426

$42,550

$43,149

90+ days delinquent

-

-

$2

$2

$3

as % of loans

NM

NM

NM

NM

0.01%

NPAs*

$278

$246

$216

$193

$183

as % of loans

0.68%

0.60%

0.58%

0.45%

0.43%

Net charge-offs

$50

$44

$38

$34

$128

as % of loans

0.48%

0.43%

0.38%

0.32%

1.17%

C&I

MI

7%

OH

13%

IN

5%

IL

11%

KY

3%

TN

5%

NC

5%

Other /

National

44%

FL

7%

Accommodation

3%

Auto

Manufacturing

1%

Construction

3%

Finance &

Insurance

13%

Manufacturing

22%

Real Estate

3%

Retail Trade

5%

Auto Retailers

2%

Wholesale Trade

9%

Other

39%

17

Fifth Third Bank | All Rights Reserved

Commercial real estate

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial mortgage loans represented 8% of total loans

•

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)

3Q14

4Q14

1Q15

2Q15

3Q15

EOP Balance*

$7,564

$7,399

$7,209

$7,150

$7,061

Avg Loans*

$7,633

$7,480

$7,241

$7,148

$7,023

NPAs*

$186

$195

$186

$166

$165

as % of loans

2.43%

2.62%

2.56%

2.31%

2.34%

Net charge-offs

$5

$10

$1

$11

$11

as % of loans

0.24%

0.53%

0.05%

0.62%

0.66%

Commercial mortgage

MI

14%

OH

24%

IN

5%

IL

11%

KY

2%

TN

2%

NC

6%

Other /

National

24%

FL

12%

Accommodation

8%

Construction

6%

Finance &

insurance

2%

Auto

Manufacturing

0%

Manufacturing

5%

Real estate

46%

Retail Trade

3%

Auto Retailers

3%

Wholesale Trade

3%

Other

24%

($ in millions)

3Q14

4Q14

1Q15

2Q15

3Q15

EOP Balance*

$1,702

$2,069

$2,302

$2,709

$3,101

Avg Loans*

$1,563

$1,909

$2,197

$2,549

$2,965

NPAs*

$19

$16

$16

$14

$19

as % of loans

1.09%

0.75%

0.67%

0.51%

0.61%

Net charge-offs

-

-

-

-

$3

as % of loans

(0.11%)

(0.01%)

(0.06%)

0.00%

0.43%

Commercial construction

18

Fifth Third Bank | All Rights Reserved

Residential mortgage

1

st

liens:

100%;

weighted

average

LTV:

73.2%

Weighted average origination FICO: 757

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

720-749 14%; 750+ 61%; Other^ 6%

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

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

90.1-95 5%; >95 13%

Vintage distribution: 2015: 20%, 2014: 16%, 2013: 17%; 2012 16%;

2011 9%; 2010 5%; 2009 3%; 2008 2%; 2007 2%; 2006 2%; 2005

3%; 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

2% of net charge-offs

•

Net charge-offs decreased by $2MM sequentially

—

MI, IL and OH account for 22%, 18%, and 13% of

residential mortgage net charge-offs, respectively

($ in millions)

3Q14

4Q14

1Q15

2Q15

3Q15

EOP Balance*

$12,941

$12,389

$12,569

$12,933

$13,392

Avg Loans*

$12,785

$13,046

$12,433

$12,831

$13,144

90+ days delinquent

$57

$56

$48

$43

$40

as % of loans

0.44%

0.44%

0.38%

0.33%

0.30%

NPAs*

$164

$126

$113

$101

$91

as % of loans

1.27%

1.01%

0.91%

0.78%

0.68%

Net charge-offs

$9

$94

$6

$5

$3

as % of loans

0.28%

2.87%

0.19%

0.16%

0.10%

Residential mortgage

MI

14%

OH

23%

IN

7%

IL

14%

KY

6%

TN

2%

NC

5%

Other /

National

18%

FL

11%

19

Fifth Third Bank | All Rights Reserved

Home equity loans represented 9% of total loans and 5% of net

charge-offs

Approximately 12% of portfolio in broker product generated 33% total

loss

38%

of

Fifth

Third

2

nd

liens

are

behind

Fifth

Third

1

st

liens

2005/2006 vintages represent approximately 22% of portfolio; account

for 40% of losses

Home equity

1

st

liens: 35%; 2

nd

liens: 65% 

Weighted average origination FICO: 754

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: 6%; 2014: 8%, 2013: 6%; 2012 3%; 2011

2%; 2010 2%; 2009 3%; 2008 8%; 2007 8%; 2006 12%; 2005 11%; 2004

and prior 31%

% through broker channels: 12% WA FICO: 734 brokered, 757 direct;

WA CLTV: 87% brokered; 70% direct

Portfolio details

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

MI

22%

OH

26%

IN

9%

FL

3%

MI

20%

OH

32%

IN

9%

IL

14%

KY

8%

TN

1%

NC

5%

Other

2%

FL

9%

($ in millions)

3Q14

4Q14

1Q15

2Q15

3Q15

EOP Balance*

$1,094

$1,062

$1,028

$987

$950

90+ days delinquent

-

-

-

-

-

as % of loans

NM

NM

NM

NM

NM

Net charge-offs

$4

$3

$3

$3

$3

as % of loans

1.42%

1.05%

1.11%

1.06%

1.22%

Home equity -

brokered

($ in millions)

3Q14

4Q14

1Q15

2Q15

3Q15

EOP Balance*

$7,893

$7,824

$7,686

$7,560

$7,477

90+ days delinquent

-

-

-

-

-

as % of loans

NM

NM

NM

NM

NM

Net charge-offs

$10

$8

$11

$6

$6

as % of loans

0.51%

0.42%

0.59%

0.34%

0.32%

Home equity -

direct

Comments

IL

13%

KY

6%

TN

2%

NC

1%

Other

18%

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)

September

June

March

December

September

2015

2015

2015

2014

2014

Income before income taxes (U.S. GAAP)

515

417

485

519

464

Add:

Provision expense (U.S. GAAP)

156

79

69

99

71

Pre-provision net revenue

671

496

554

618

535

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

366

292

346

362

328

Add:

Intangible amortization, net of tax

-

-

-

1

1

Tangible net income available to common shareholders

366

292

346

363

329

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

1,452

1,171

1,403

1,440

1,305

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

15,815

15,841

15,820

15,644

15,486

Less:

Average preferred stock

(1,331)

(1,331)

(1,331)

(1,331)

(1,331)

Average goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,416)

Average intangible assets and other servicing rights

(14)

(15)

(15)

(17)

(16)

Average tangible common equity (b)

12,054

12,079

12,058

11,880

11,723

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

15,826

15,605

15,864

15,626

15,404

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

(13)

(14)

(15)

(16)

(16)

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

12,066

11,844

12,102

11,863

11,641

Less: Accumulated other comprehensive income

(522)

(291)

(588)

(429)

(301)

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

11,544

11,553

11,514

11,434

11,340

Total assets (U.S. GAAP)

141,918

141,658

140,470

138,706

134,188

Less: 

Goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,416)

Intangible assets and other servicing rights

(13)

(14)

(15)

(16)

(16)

Tangible assets, including unrealized gains / losses (e)

139,489

139,228

138,039

136,274

131,756

Less: Accumulated other comprehensive income / loss, before tax

(803)

(448)

(905)

(660)

(463)

Tangible assets, excluding unrealized gains / losses (f)

138,686

138,780

137,134

135,614

131,293

Common shares outstanding (g)

795

810

815

824

834

Ratios:

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

12.0%

9.7%

11.7%

12.1%

11.1%

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

8.32%

8.33%

8.40%

8.43%

8.64%

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

8.65%

8.51%

8.77%

8.71%

8.84%

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

$15.18

$14.62

$14.85

$14.40

$13.95

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)

September

June

March

December

September

2015

2015

2015

2014

2014

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

N/A

N/A

N/A

15,626

15,404

Goodwill and certain other intangibles

N/A

N/A

N/A

(2,476)

(2,484)

Unrealized gains

N/A

N/A

N/A

(429)

(301)

Qualifying trust preferred securities

N/A

N/A

N/A

60

60

Other

N/A

N/A

N/A

(17)

(18)

Tier I capital

N/A

N/A

N/A

12,764

12,661

Less:

Preferred stock

N/A

N/A

N/A

(1,331)

(1,331)

Qualifying trust preferred securities

N/A

N/A

N/A

(60)

(60)

Qualifying noncontrolling interest in consolidated subsidiaries

N/A

N/A

N/A

(1)

(1)

Tier I common equity (a)

N/A

(2)

N/A

(2)

N/A

(2)

11,372

11,269

Risk-weighted assets (actual) (b)

(1)

123,140

122,986

121,310

117,878

116,917

Ratio:

Tier I common equity (a) / (b)

N/A

(2)

N/A

(2)

N/A

(2)

9.65%

9.64%

Basel III Final Rule -

Transitional to fully phased-in

CET 1 capital (transitional)

11,574

11,582

11,543

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

(3)

(11)

(12)

(13)

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

11,563

11,570

11,530

Risk-weighted assets (transitional)

123,140

122,986

121,310

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

(4)

1,136

1,280

1,182

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

124,276

124,266

122,492

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

9.30%

9.31%

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

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.

Basel I

Basel III Transitional

EX-99.3

Exhibit 99.3

October 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
	September		June		March		December		September		June		March		December
	2015		2015		2015		2014		2014		2014		2014		2013
Ratios (percent)
Return on average assets		1.07		0.90		1.06		1.13		1.02		1.34		1.00		1.24
Return on average common equity		10.0		8.1		9.7		10.0		9.2		11.9		9.0		10.8
Average total Bancorp shareholders’ equity as a percent of average assets		11.24		11.32		11.49		11.54		11.71		11.57		11.53		11.51
Net interest margin(a)		2.89		2.90		2.86		2.96		3.10		3.15		3.22		3.21
Efficiency(a)		58.2		65.4		62.3		59.6		62.1		58.2		64.9		61.5
Net losses charged-off as a percent of average portfolio loans and leases		0.80		0.37		0.41		0.83		0.50		0.45		0.76		0.67
ALLL as a percent of portfolio loans and leases		1.35		1.39		1.42		1.47		1.56		1.61		1.65		1.79
Allowance for credit losses as a percent of portfolio loans and leases		1.49		1.54		1.57		1.62		1.71		1.77		1.82		1.97
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(b)		0.65		0.67		0.76		0.82		0.88		0.92		1.05		1.10
Allowance for loan and lease losses as a percent of nonperforming assets(b)		208		206		188		178		178		175		157		161
Allowance for credit losses as a percent of nonperforming assets(b)		230		228		207		196		195		192		173		178
Common Share Data
Earnings per share—basic	$	0.46	$	0.36	$	0.42	$	0.44	$	0.39	$	0.49	$	0.36	$	0.44
Earnings per share—diluted	$	0.45	$	0.36	$	0.42	$	0.43	$	0.39	$	0.49	$	0.36	$	0.43
Cash dividends per common share		0.13		0.13		0.13		0.13		0.13		0.13		0.12		0.12
Book value per share		18.22		17.62		17.83		17.35		16.87		16.74		16.27		15.85
Common shares outstanding, excluding treasury		795,439,309		810,054,148		815,190,210		824,046,952		834,261,897		844,488,849		847,568,728		855,305,745
Market price per share:
High	$	21.71	$	21.69	$	20.21	$	20.69	$	21.75	$	23.19	$	23.39	$	21.04
Low		18.23		18.91		17.22		17.74		19.52		20.03		20.50		17.50
End of period		18.91		20.82		18.85		20.38		20.02		21.35		22.96		21.03
Supplemental Data
Common dividends declared ($ in millions)	$	103	$	105	$	106	$	107	$	108	$	110	$	102	$	103
Full-time equivalent employees		18,311		18,527		18,471		18,351		18,503		18,732		19,080		19,446
Banking centers		1,295		1,299		1,303		1,302		1,308		1,309		1,311		1,320
ATMs		2,650		2,630		2,637		2,638		2,639		2,619		2,614		2,586

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

(b) Excludes nonperforming assets held for sale.

Page 2

Quarterly Data	Three Months Ended
	September			June			March			December			September			June			March			December
	2015			2015			2015			2014			2014			2014			2014			2013
Income Statement ($ in millions)
Interest income (FTE)	$	1,031		$	1,008		$	975		$	1,016		$	1,023		$	1,013		$	998		$	1,007
Interest expense		125			116			123			128			115			108			100			102
Net interest income (FTE)		906			892			852			888			908			905			898			905
Provision for loan and lease losses		156			79			69			99			71			76			69			53
Noninterest income:
Service charges on deposits		145			139			135			142			145			139			133			142
Investment advisory revenue		103			105			108			100			103			102			102			98
Corporate banking revenue		104			113			63			120			100			107			104			94
Mortgage banking net revenue		71			117			86			61			61			78			109			126
Card and processing revenue		77			77			71			76			75			76			68			71
Other noninterest income		213			1			163			150			33			226			41			170
Securities gains, net		—			4			4			4			3			8			7			2
Total noninterest income		713			556			630			653			520			736			564			703
Noninterest expense:
Salaries, wages and incentives		387			383			369			366			357			368			359			388
Employee benefits		72			78			99			79			75			79			101			78
Net occupancy expense		77			83			79			77			78			79			80			77
Technology and communications		56			54			55			54			53			52			53			53
Equipment expense		31			31			31			30			30			30			30			29
Card and processing expense		40			38			36			36			37			37			31			37
Other noninterest expense		280			280			254			276			258			309			296			327
Total noninterest expense		943			947			923			918			888			954			950			989
Income before income taxes (FTE)		520			422			490			524			469			611			443			566
Taxable equivalent adjustment		5			5			5			5			5			5			5			5
Income before income taxes		515			417			485			519			464			606			438			561
Applicable income tax expense		134			108			124			134			124			167			119			159
Net income	$	381		$	309		$	361		$	385		$	340		$	439		$	319		$	402
Less: Net income attributable to noncontrolling interests		—			(6	)		—			—			—			—			1			—
Net income attributable to Bancorp	$	381		$	315		$	361		$	385		$	340		$	439		$	318		$	402
Dividends on preferred stock		15			23			15			23			12			23			9			19
Net income available to common shareholders	$	366		$	292		$	346		$	362		$	328		$	416		$	309		$	383
	Basel III Transitional									Basel I
Regulatory Capital Data ($ in millions)(a)
CET1 capital	$	11,574		$	11,582		$	11,543			N/A			N/A			N/A			N/A			N/A
Additional tier I capital		1,340			1,340			1,339			N/A			N/A			N/A			N/A			N/A
Tier I capital	$	12,914		$	12,922		$	12,882		$	12,764		$	12,661		$	12,644		$	12,182		$	12,094
Tier II capital		3,935			3,909			4,112			4,131			4,103			4,101			4,174			4,337
Total regulatory capital	$	16,849		$	16,831		$	16,994		$	16,895		$	16,764		$	16,745		$	16,356		$	16,431
Risk-weighted assets	$	123,140	(b)	$	122,986	(b)	$	121,310	(b)	$	117,878		$	116,917		$	117,117		$	116,622		$	115,969
CET1 capital ratio		9.40	%(b)		9.42	%(b)		9.52	%(b)		N/A			N/A			N/A			N/A			N/A
Tier I risk-based capital ratio		10.49	%(b)		10.51	%(b)		10.62	%(b)		10.83	%		10.83	%		10.80	%		10.45	%		10.43	%
Total risk-based capital ratio		13.68	%(b)		13.69	%(b)		14.01	%(b)		14.33	%		14.34	%		14.30	%		14.02	%		14.17	%
Tier I leverage ratio		9.38	%		9.44	%		9.59	%		9.66	%		9.82	%		9.86	%		9.71	%		9.73	%
Tier I common equity ratio		N/A			N/A			N/A			9.65	%(c)		9.64	%(c)		9.61	%(c)		9.51	%(c)		9.45	%(c)
CET1 capital ratio (fully phased-in)		9.30	%(b)(c)		9.31	%(b)(c)		9.41	%(b)(c)		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
	September 2015			June 2015			March 2015			December 2014			September 2014			June 2014			March 2014			December 2013
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,455		$	2,785		$	2,920		$	3,091		$	3,125		$	3,312		$	3,153		$	3,178
Available-for-sale and other securities		28,799			27,987			26,409			22,408			22,912			22,814			20,749			18,597
Held-to-maturity securities		157			157			177			187			191			194			195			208
Trading securities		374			370			392			360			389			361			347			343
Other short-term investments		1,994			3,451			4,919			7,914			3,637			2,386			2,202			5,116
Total cash and securities		33,779			34,750			34,817			33,960			30,254			29,067			26,646			27,442
Loans held for sale		994			995			724			1,261			641			682			780			944
Portfolio loans and leases		93,574			92,703			91,244			90,084			90,624			90,484			89,705			88,614
Total loans and leases		94,568			93,698			91,968			91,345			91,265			91,166			90,485			89,558
Allowance for loan and lease losses		(1,261	)		(1,293	)		(1,300	)		(1,322	)		(1,414	)		(1,458	)		(1,483	)		(1,582	)
Bank premises and equipment		2,264			2,298			2,433			2,465			2,467			2,491			2,528			2,531
Operating lease equipment		680			670			695			728			732			667			714			730
Goodwill		2,416			2,416			2,416			2,416			2,416			2,416			2,416			2,416
Intangible assets		13			13			14			15			16			17			18			19
Servicing rights		757			854			789			858			935			931			975			971
Other real estate owned(a)		149			163			187			217			242			266			291			299
Other assets		8,553			8,089			8,451			8,024			7,275			6,999			7,064			8,059
Total assets	$	141,918		$	141,658		$	140,470		$	138,706		$	134,188		$	132,562		$	129,654		$	130,443
Liabilities
Deposits:
Demand	$	34,832		$	35,449		$	35,343		$	34,809		$	32,258		$	32,140		$	31,234		$	32,634
Interest checking		24,832			27,074			27,191			26,800			24,930			24,744			25,472			25,875
Savings		14,632			14,976			15,355			15,051			15,355			16,087			16,867			17,045
Money market		18,887			17,900			18,105			17,083			16,199			14,216			13,208			11,644
Foreign office		754			728			811			1,114			1,577			1,418			1,922			1,976
Other time		4,041			4,050			4,044			3,960			3,856			3,724			3,660			3,530
Certificates—$100,000 and over		2,915			2,846			2,566			2,895			3,117			3,623			4,511			6,571
Total deposits		100,893			103,023			103,415			101,712			97,292			95,952			96,874			99,275
Federal funds purchased		132			126			200			144			148			153			268			284
Other short-term borrowings		4,904			4,136			1,413			1,556			2,730			3,146			2,717			1,380
Other liabilities		4,604			5,214			5,483			4,662			4,239			3,842			3,698			5,245
Long-term debt		15,527			13,521			14,055			14,967			14,336			13,961			11,233			9,633
Total liabilities	$	126,060		$	126,020		$	124,566		$	123,041		$	118,745		$	117,054		$	114,790		$	115,817
Equity
Common and preferred equity	$	17,867		$	17,578		$	17,421		$	17,169		$	16,889		$	16,661		$	16,122		$	15,802
Net unrealized gains:
Available-for-sale securities		528			327			608			475			338			410			231			121
Qualifying cash flow hedges		58			29			47			23			12			22			16			13
Accumulated other comprehensive income related to employee benefit plans		(64	)		(65	)		(67	)		(69	)		(49	)		(50	)		(51	)		(52	)
Treasury stock, at cost		(2,563	)		(2,264	)		(2,145	)		(1,972	)		(1,786	)		(1,574	)		(1,492	)		(1,295	)
Total Bancorp shareholders’ equity		15,826			15,605			15,864			15,626			15,404			15,469			14,826			14,589
Noncontrolling interests		32			33			40			39			39			39			38			37
Total equity	$	15,858		$	15,638		$	15,904		$	15,665		$	15,443		$	15,508		$	14,864		$	14,626
Total liabilities and equity	$	141,918		$	141,658		$	140,470		$	138,706		$	134,188		$	132,562		$	129,654		$	130,443
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			18,000
Preferred shares outstanding—Series J		12,000			12,000			12,000			12,000			12,000			12,000			—			—
Common shares outstanding, excluding treasury		795,439,309			810,054,148			815,190,210			824,046,952			834,261,897			844,488,849			847,568,728			855,305,745
Treasury shares held		128,453,272			113,838,433			108,702,371			99,845,629			89,630,684			79,403,732			76,323,853			68,586,836

(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.

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Quarterly Data
	Three Months Ended
	September 2015			June 2015			March 2015			December 2014			September 2014			June 2014			March 2014			December 2013
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	94,329		$	92,739		$	91,659		$	91,581		$	91,428		$	91,241			90,238		$	88,865
Taxable securities		28,251			27,344			23,102			22,364			22,594			21,706			20,385			18,383
Tax exempt securities		52			59			59			64			50			52			46			48
Other short-term investments		1,799			3,160			5,877			5,176			2,283			2,182			2,509			4,612
Total interest-earning assets		124,431			123,302			120,697			119,185			116,355			115,181			113,178			111,908
Cash and due from banks		2,503			2,636			2,830			3,008			2,862			2,847			2,850			2,956
Other assets		15,097			15,354			15,446			14,800			14,461			14,417			14,478			14,986
Allowance for loan and lease losses		(1,292	)		(1,300	)		(1,322	)		(1,413	)		(1,458	)		(1,480	)		(1,576	)		(1,671	)
Total assets	$	140,739		$	139,992		$	137,651		$	135,580		$	132,220		$	130,965		$	128,930		$	128,179
Liabilities
Interest-bearing liabilities:
Interest checking	$	25,590		$	26,894		$	26,885		$	25,478		$	24,926		$	25,222		$	25,911		$	24,650
Savings		14,868			15,156			15,174			15,173			15,759			16,509			16,903			17,323
Money market		18,253			18,071			17,492			17,023			15,222			13,942			12,439			11,285
Foreign office		718			955			861			1,439			1,663			2,200			2,017			1,717
Other time		4,057			4,074			4,022			3,936			3,800			3,693			3,616			3,529
Certificates—$100,000 and over		2,924			2,558			2,683			2,998			3,339			3,840			5,576			7,456
Other deposits		222			—			—			—			—			—			—			—
Federal funds purchased		1,978			326			172			161			520			606			547			301
Other short-term borrowings		1,897			1,705			1,602			1,481			1,973			2,234			1,808			2,177
Long-term debt		14,697			13,773			14,448			14,855			13,955			12,524			10,313			9,135
Total interest-bearing liabilities		85,204			83,512			83,339			82,544			81,157			80,770			79,130			77,573
Demand deposits		35,231			35,384			33,760			33,301			31,790			31,275			30,626			30,765
Other liabilities		4,458			5,215			4,693			4,052			3,749			3,724			4,274			5,045
Total liabilities		124,893			124,111			121,792			119,897			116,696			115,769			114,030			113,383
Equity		15,846			15,881			15,859			15,683			15,524			15,196			14,900			14,796
Total liabilities and equity	$	140,739		$	139,992		$	137,651		$	135,580		$	132,220		$	130,965		$	128,930		$	128,179
Average loans and leases (excluding held for sale)	$	93,373		$	92,173		$	90,508		$	91,041		$	90,799		$	90,549		$	89,530		$	87,895
Share Data
Average common shares outstanding - basic		795,792,825			803,965,057			810,209,585			819,057,247			829,391,505			838,492,046			845,860,065			868,077,089
Average common shares outstanding - diluted		805,022,588			812,842,540			818,672,259			827,831,317			838,324,420			848,245,111			857,923,596			877,510,663

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Quarterly Data	Three Months Ended
	September 2015			June 2015			March 2015			December 2014			September 2014			June 2014			March 2014			December 2013
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	42,970		$	42,812		$	42,062		$	40,801		$	41,111		$	41,364		$	40,692		$	39,347
Commercial mortgage loans		7,084			7,165			7,210			7,410			7,566			7,807			7,959			8,069
Commercial construction loans		3,101			2,709			2,303			2,071			1,704			1,426			1,220			1,041
Commercial leases		3,901			3,882			3,787			3,721			3,555			3,572			3,577			3,626
Subtotal - commercial		57,056			56,568			55,362			54,003			53,936			54,169			53,448			52,083
Consumer:
Residential mortgage loans		14,197			13,792			13,258			13,582			13,520			13,250			13,275			13,570
Home equity		8,460			8,591			8,714			8,886			8,987			9,056			9,125			9,246
Automobile loans		11,829			11,914			11,873			12,037			12,121			12,050			12,088			11,984
Credit card		2,330			2,278			2,291			2,401			2,317			2,261			2,177			2,294
Other consumer loans and leases		696			555			470			436			384			380			372			381
Subtotal - consumer		37,512			37,130			36,606			37,342			37,329			36,997			37,037			37,475
Total loans and leases	$	94,568		$	93,698		$	91,968		$	91,345		$	91,265		$	91,166		$	90,485		$	89,558
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	43,162		$	42,554		$	41,462		$	41,313		$	41,525		$	41,451		$	40,409		$	38,846
Commercial mortgage loans		7,038			7,149			7,248			7,482			7,637			7,886			7,983			8,051
Commercial construction loans		2,966			2,549			2,198			1,911			1,565			1,364			1,118			955
Commercial leases		3,847			3,776			3,716			3,601			3,576			3,556			3,607			3,579
Subtotal - commercial		57,013			56,028			54,624			54,307			54,303			54,257			53,117			51,431
Consumer:
Residential mortgage loans		13,976			13,375			13,515			13,526			13,342			13,202			13,304			13,544
Home equity		8,521			8,655			8,802			8,937			9,009			9,101			9,194			9,296
Automobile loans		11,881			11,902			11,933			12,073			12,105			12,070			12,023			12,019
Credit card		2,277			2,296			2,321			2,324			2,295			2,232			2,230			2,202
Other consumer loans and leases		661			483			464			414			374			379			370			373
Subtotal - consumer		37,316			36,711			37,035			37,274			37,125			36,984			37,121			37,434
Total average loans and leases	$	94,329		$	92,739		$	91,659		$	91,581		$	91,428		$	91,241		$	90,238		$	88,865
Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	205		$	217		$	231		$	269		$	305		$	323		$	398		$	387
Nonaccrual loans held for sale		1			1			2			24			4			5			3			6
Restructured loans - (nonaccrual) held for sale		1			—			—			15			3			—			—			—
Restructured loans and leases (nonaccrual) portfolio		253			258			295			310			315			317			335			364
OREO and other repossessed property(a)		148			151			165			165			176			192			213			229
Total nonperforming assets	$	608		$	627		$	693		$	783		$	803		$	837		$	949		$	986
Ninety days past due loans and leases	$	70		$	70		$	78		$	87		$	87		$	94		$	94		$	103
Nonperforming Loans ($ in millions)(nonaccrual plus renegotiated)
Commercial and industrial loans and leases	$	171		$	182		$	200		$	241		$	267		$	249		$	301		$	287
Commercial mortgage loans		110			106			126			146			121			141			147			146
Commercial construction loans		6			—			1			2			4			10			19			31
Residential mortgage loans		54			62			70			94			111			117			141			165
Home equity		82			88			90			93			85			93			94			93
Other consumer loans and leases		37			38			41			42			39			35			34			35
Total nonperforming loans and leases (including held for sale)	$	460		$	476		$	528		$	618		$	627		$	645		$	736		$	757
Credit Charge-Offs ($ in millions)
Losses charged-off	($	209	)	($	112	)	($	115	)	($	215	)	($	146	)	($	127	)	($	190	)	($	183	)
Recoveries of losses previously charged-off		21			26			24			24			31			26			22			35
Net losses charged-off	($	188	)	($	86	)	($	91	)	($	191	)	($	115	)	($	101	)	($	168	)	($	148	)

(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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