8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): July 28, 2016

(Exact Name of Registrant as Specified in Its Charter)

OHIO

(State or Other Jurisdiction of Incorporation)

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

(800) 972-3030

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

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

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

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

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

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

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

Item 2.02 Results of Operations and Financial Condition

On July 28, 2016 Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the second quarter of 2016. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.3, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 7.01 Regulation FD Disclosure

On July 28, 2016 Fifth Third Bancorp issued a press release and its quarterly financial supplement announcing its earnings release for the second quarter of 2016. A copy of this press release and its quarterly financial supplement are attached as Exhibits 99.1 and 99.3, respectively. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure. The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

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

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1 – Press release dated July 28, 2016

Exhibit 99.2 – Second Quarter Earnings Conference Call

Exhibit 99.3 – Quarterly Financial Supplement

SIGNATURES

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

	FIFTH THIRD BANCORP
	(Registrant)
July 28, 2016	/s/ Tayfun Tuzun
	Tayfun Tuzun
	Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

		News Release
CONTACTS:	Sameer Gokhale (Investors)	FOR IMMEDIATE RELEASE
	(513) 534-2219	July 28, 2016
	Sean Parker (Media)
	(513) 534-6791

FIFTH THIRD ANNOUNCES SECOND QUARTER 2016 NET INCOME TO COMMON SHAREHOLDERS OF $310 MILLION, OR $0.40 PER DILUTED SHARE

Announces accelerated Tax Receivable Agreement (TRA) and extended operating agreement with Vantiv

• 2Q16 net income available to common shareholders of $310 million, or $0.40 per diluted common share

• Reported results included the following items which had a negative $0.01 impact on reported 2Q16 EPS:

• A $50 million pre-tax (~$33 million after-tax) charge related to the valuation of the Visa total return swap primarily reflecting the rejection of the merchant litigation settlement

• A $19 million pre-tax (~$12 million after-tax) positive valuation adjustment on the Vantiv warrant

• An $11 million pre-tax (~$7 million after-tax) gain on the previously announced sale of Pennsylvania branches

• An $11 million pre-tax (~$7 million after-tax) gain on the sale of the non-strategic agented bankcard loan portfolio

• A $9 million pre-tax (~$6 million after-tax) compensation-related expense due to retirement eligibility changes

• 2Q16 return on average assets (ROA) of 0.94%; return on average common equity of 8.2%; return on average tangible common equity** of 9.7%

• Pre-tax income of $427 million and pre-provision net revenue (PPNR)** of $518 million in 2Q16

• Net interest income (on a fully taxable equivalent basis) of $908 million, flat sequentially and up 2 percent from 2Q15; net interest margin of 2.88%, down 3 bps sequentially

• Average portfolio loans and leases of $93.9 billion, up $656 million sequentially and up $1.8 billion from 2Q15; Period end portfolio loans and leases of $93.9 billion increased $304 million sequentially and $1.2 billion, or 1 percent, from 2Q15; the sequential and year over year increases were primarily driven by increases in C&I, residential mortgage, and commercial construction loans

• Noninterest income of $599 million compared with $637 million in the prior quarter; primarily driven by the items mentioned above, partially offset by an increase in corporate banking net revenue

• Noninterest expense of $983 million was $3 million lower than the prior quarter and primarily reflected seasonally lower compensation expenses partially offset by $9 million in expenses related to changes in retirement eligibility

• Credit trends

• 2Q16 net charge-offs of $87 million (0.37% of loans and leases) decreased from 1Q16 NCOs of $96 million (0.42% of loans and leases)

• Portfolio NPA ratio of 0.86% down 2 bps from 1Q16, NPL ratio of 0.74% down 1 bp from 1Q16; total nonperforming assets (NPAs) of $825 million, including loans held-for-sale (HFS), decreased $5 million sequentially

• 2Q16 provision expense of $91 million; $119 million in 1Q16 and $79 million in 2Q15

• Strong capital ratios*

• Common equity Tier 1 (CET1) ratio 9.94%; fully phased-in CET1 ratio of 9.86%

• Tier 1 risk-based capital ratio 11.03%, Total risk-based capital ratio 14.66%, Leverage ratio 9.64%

• Tangible common equity ratio** of 9.18%; 8.64% excluding securities portfolio unrealized gains/losses

• 4 million reduction in common shares outstanding during the quarter

• Book value per share of $20.09 up 3% from 1Q16 and up 14% from 2Q15; tangible book value per share** of $16.93

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

** Non-GAAP measure; see discussion of non-GAAP and Reg. G reconciliation beginning on page 33.

Fifth Third Bancorp (Nasdaq: FITB) today reported second quarter 2016 net income of $333 million versus net income of $327 million in the first quarter of 2016 and $315 million in the second quarter of 2015. After preferred dividends, net income available to common shareholders was $310 million, or $0.40 per diluted share, in the second quarter of 2016, compared with $312 million, or $0.40 per diluted share, in the first quarter of 2016, and $292 million, or $0.36 per diluted share, in the second quarter of 2015.

Second quarter 2016 included:

Income

• $19 million positive valuation adjustment on the Vantiv warrant

• $11 million gain on sale of Pennsylvania branches as part of the previously announced branch consolidation and sales plan

• $11 million gain on the sale of the non-strategic agented bankcard loan portfolio

• ($50 million) charge related to the valuation of the Visa total return swap, primarily reflecting the rejection of the merchant litigation settlement

Expense

• ($9 million) in compensation-related expenses due to retirement eligibility changes

• ($3 million) in severance expense

First quarter 2016 included:

Income

• $47 million positive valuation adjustment on the Vantiv warrant

• $8 million gain on sale of certain St. Louis branches as part of the previously announced branch consolidation and sales plan

• $1 million benefit related to the valuation of the Visa total return swap

Expense

• ($15 million) in severance expense, primarily consisting of $14 million related to the voluntary early retirement program

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

Expense

• ($2 million) in severance expense

2

Earnings Highlights

	For the Three Months Ended										% Change
	June		March		December		September		June
	2016		2016		2015		2015		2015		Seq		Yr/Yr
Earnings ($ in millions)
Net income attributable to Bancorp	$	333	$	327	$	657	$	381	$	315		2%		6%
Net income available to common shareholders	$	310	$	312	$	634	$	366	$	292		(1%)		6%
Common Share Data
Earnings per share, basic	$	0.40	$	0.40	$	0.80	$	0.46	$	0.36		—		11%
Earnings per share, diluted		0.40		0.40		0.79		0.45		0.36		—		11%
Cash dividends per common share		0.13		0.13		0.13		0.13		0.13		—		—
Financial Ratios
Return on average assets		0.94%		0.93%		1.83%		1.07%		0.90%		1%		4%
Return on average common equity		8.2		8.3		17.2		10.0		8.1		(1%)		1%
Return on average tangible common equity(b)		9.7		9.9		20.6		12.0		9.7		(2%)		—
CET1 capital(c)		9.94		9.81		9.82		9.40		9.42		1%		6%
Tier I risk-based capital(c)		11.03		10.91		10.93		10.49		10.51		1%		5%
CET1 capital (fully-phased in)(b)(c)		9.86		9.72		9.72		9.30		9.31		1%		6%
Net interest margin(a)		2.88		2.91		2.85		2.89		2.90		(1%)		(1%)
Efficiency(a)		65.3		63.8		48.0		58.2		65.4		2%		—
Common shares outstanding (in thousands)		766,346		770,471		785,080		795,439		810,054		(1%)		(5%)
Average common shares outstanding (in thousands):
Basic		759,105		773,564		784,855		795,793		803,965		(2%)		(6%)
Diluted		765,080		778,392		794,481		805,023		812,843		(2%)		(6%)

(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. Current period regulatory capital ratios are estimated.

NA: Not applicable.

“Operating leverage continues to be our top priority in this extended low growth, low rate environment”, said Greg D. Carmichael, President and CEO of Fifth Third Bancorp. “With a balanced focus on revenue growth and expense management we are making good progress even as we continue to make strategic investments.”

“With disciplined loan pricing and targeted relationship management, we generated positive momentum in our core business despite a challenging economic backdrop. We are very pleased with our growth in corporate banking fees and are also are taking share in capital markets with a broader offering of products and services. Additionally, we had strong growth in mortgage originations with a 17 percent increase in purchase volumes year-over-year.

“During the quarter we continued to make strategic investments in our core business, streamlining processes, and further enhancing our information technology, risk and compliance management infrastructure. We are also pleased with the regulatory response to our CCAR submission, enabling us to continue to focus on returning a significant amount of capital to our shareholders through dividends and share repurchases.

3

“Lastly, I am pleased to announce that we recently entered into a couple of significant transactions with Vantiv. We extended our processing agreement through 2024, which will generate revenue benefits and cost savings for Fifth Third. Additionally, we agreed to terminate and settle certain future TRA cash flows for an upfront payment of $116 million with the option to terminate and settle additional future cash flows. These agreements will enable us to repurchase shares using the realized gains, creating additional value for our shareholders.”

Income Statement Highlights

	For the Three Months Ended										% Change
	June		March		December		September		June
	2016		2016		2015		2015		2015		Seq		Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	908	$	909	$	904	$	906	$	892		—		2%
Provision for loan and lease losses		91		119		91		156		79		(24%)		15%
Total noninterest income		599		637		1,104		713		556		(6%)		8%
Total noninterest expense		983		986		963		943		947		—		4%
Income before income taxes (taxable equivalent)	$	433	$	441	$	954	$	520	$	422		(2%)		3%
Taxable equivalent adjustment		6		6		5		5		5		—		20%
Applicable income tax expense		98		108		292		134		108		(9%)		(9%)
Net income	$	329	$	327	$	657	$	381	$	309		1%		6%
Less: Net income attributable to noncontrolling interests		(4)		—		—		—		(6)		100%		(33%)
Net income attributable to Bancorp	$	333	$	327	$	657	$	381	$	315		2%		6%
Dividends on preferred stock		23		15		23		15		23		53%		—
Net income available to common shareholders	$	310	$	312	$	634	$	366	$	292		(1%)		6%
Earnings per share, diluted	$	0.40	$	0.40	$	0.79	$	0.45	$	0.36		—		11%

4

Net Interest Income

	For the Three Months Ended										% Change
	June		March		December		September		June
	2016		2016		2015		2015		2015		Seq		Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,052	$	1,044	$	1,035	$	1,031	$	1,008		1%		4%
Total interest expense		144		135		131		125		116		7%		24%
Net interest income (taxable equivalent)	$	908	$	909	$	904	$	906	$	892		—		2%
Average Yield											bps Change
Yield on interest-earning assets (taxable equivalent)		3.34%		3.34%		3.26%		3.29%		3.28%		—		6
Rate paid on interest-bearing liabilities		0.67%		0.64%		0.61%		0.58%		0.56%		3		11
Net interest rate spread (taxable equivalent)		2.67%		2.70%		2.65%		2.71%		2.72%		(3)		(5)
Net interest margin (taxable equivalent)		2.88%		2.91%		2.85%		2.89%		2.90%		(3)		(2)
Average Balances ($ in millions)											% Change
Loans and leases, including held for sale	$	94,807	$	94,078	$	94,587	$	94,329	$	92,739		1%		2%
Total securities and other short-term investments		32,040		31,573		31,256		30,102		30,563		1%		5%
Total interest-earning assets		126,847		125,651		125,843		124,431		123,302		1%		3%
Total interest-bearing liabilities		86,145		85,450		85,381		85,171		83,480		1%		3%
Bancorp shareholders’ equity		16,584		16,376		15,982		15,815		15,841		1%		5%

Net interest income of $908 million on a fully taxable equivalent basis decreased $1 million from the first quarter, primarily driven by the full quarter impact of $1.5 billion of unsecured debt issued in the first quarter of 2016 and from lower average consumer loan balances, partially offset by growth in commercial loans and securities.

The net interest margin was 2.88 percent, a decrease of 3 bps from the previous quarter. The decrease was primarily driven by the full quarter impact of the aforementioned debt issuance in the first quarter of 2016.

Compared to the second quarter of 2015, net interest income increased by $16 million and the net interest margin decreased by 2 bps. The increase in net interest income was driven by the impact of higher investment securities and loan balances, as well as short-term market rate improvements from the December 2015 Fed funds rate increase. The decrease in the net interest margin from the prior year was primarily driven by increased long-term debt balances, lower commercial loan yields, and reduced cash flow hedges, partially offset by lower cash balances held at the Fed as well as the December 2015 Fed funds rate increase.

Securities

Average securities and other short-term investments were $32.0 billion in the second quarter of 2016 compared to $31.6 billion in the previous quarter and $30.6 billion in the second quarter of 2015. Average balances of other short-term investments increased by $77 million sequentially to $2.0 billion.

5

Loans

	For the Three Months Ended										% Change
	June		March		December		September		June
	2016		2016		2015		2015		2015		Seq		Yr/Yr
Average Portfolio Loans and Leases ($ in millions)
Commercial:
Commercial and industrial loans	$	43,876	$	43,089	$	43,154	$	43,149	$	42,550		2%		3%
Commercial mortgage loans		6,831		6,886		7,032		7,023		7,148		(1%)		(4%)
Commercial construction loans		3,551		3,297		3,141		2,965		2,549		8%		39%
Commercial leases		3,898		3,874		3,839		3,846		3,776		1%		3%
Total commercial loans and leases	$	58,156	$	57,146	$	57,166	$	56,983	$	56,023		2%		4%
Consumer:
Residential mortgage loans	$	14,046	$	13,788	$	13,504	$	13,144	$	12,831		2%		9%
Home equity		8,054		8,217		8,360		8,479		8,654		(2%)		(7%)
Automobile loans		10,887		11,283		11,670		11,877		11,902		(4%)		(9%)
Credit card		2,134		2,179		2,218		2,277		2,296		(2%)		(7%)
Other consumer loans and leases		654		662		676		613		467		(1%)		40%
Total consumer loans and leases	$	35,775	$	36,129	$	36,428	$	36,390	$	36,150		(1%)		(1%)
Total average portfolio loans and leases	$	93,931	$	93,275	$	93,594	$	93,373	$	92,173		1%		2%
Average loans held for sale	$	876	$	803	$	993	$	956	$	566		9%		55%

Average loan and lease balances (excluding loans held-for-sale) increased $656 million sequentially and increased $1.8 billion, or 2 percent, from the second quarter of 2015. The sequential and year-over-year increases in average loans and leases were driven by increased commercial and industrial (C&I), residential mortgage and commercial construction loans. Period end loans and leases (excluding loans held-for-sale) of $93.9 billion increased $304 million sequentially and $1.2 billion, or 1 percent, from a year ago. The increase year-over-year was primarily due to an increase in residential mortgage and commercial construction loans, partially offset by a decrease in automobile loans.

Average commercial portfolio loan and lease balances increased $1.0 billion, or 2 percent, sequentially and increased $2.1 billion, or 4 percent, from the second quarter of 2015. Average C&I loans increased $787 million, or 2 percent, from the prior quarter and increased $1.3 billion, or 3 percent, from the second quarter of 2015. Average commercial real estate loans increased $199 million, or 2 percent, from the prior quarter and increased $685 million, or 7 percent, from the second quarter of 2015. Within commercial real estate, average commercial mortgage balances decreased $55 million and average commercial construction balances increased $254 million sequentially. Commercial line usage, on an end of period basis, was relatively stable from the first quarter of 2016 and decreased 54 bps from the second quarter of 2015.

Average consumer portfolio loan and lease balances decreased $354 million, or 1 percent, sequentially and decreased $375 million, or 1 percent, from the second quarter of 2015. This was primarily driven by average automobile loans which decreased 4 percent sequentially and 9 percent from a year ago. Average residential mortgage loans increased 2 percent sequentially and 9 percent from the previous year. Average home equity loans declined 2 percent sequentially and 7 percent from the second quarter of 2015. Average credit card loans decreased 2 percent sequentially and 7 percent from the second quarter of 2015.

6

Deposits

	For the Three Months Ended										% Change
	June		March		December		September		June
	2016		2016		2015		2015		2015		Seq		Yr/Yr
Average Deposits ($ in millions)
Demand	$	35,912	$	35,201	$	36,254	$	35,231	$	35,384		2%		1%
Interest checking		24,714		25,740		25,296		25,590		26,894		(4%)		(8%)
Savings		14,576		14,601		14,615		14,868		15,156		—		(4%)
Money market		19,243		18,655		18,775		18,253		18,071		3%		6%
Foreign office(a)		484		483		736		718		955		—		(49%)
Total transaction deposits	$	94,929	$	94,680	$	95,676	$	94,660	$	96,460		—		(2%)
Other time		4,044		4,035		4,052		4,057		4,074		—		(1%)
Total core deposits	$	98,973	$	98,715	$	99,728	$	98,717	$	100,534		—		(2%)
Certificates - $100,000 and over		2,819		2,815		3,305		2,924		2,558		—		10%
Other		467		—		7		222		—		100%		100%
Total average deposits	$	102,259	$	101,530	$	103,040	$	101,863	$	103,092		1%		(1%)

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

Average core deposits increased $258 million sequentially but decreased $1.6 billion, or 2 percent, from the second quarter of 2015. Average transaction deposits increased $249 million from the first quarter of 2016 and decreased $1.5 billion, or 2 percent, from the second quarter of 2015. Sequential performance was primarily driven by higher demand deposit and money market account balances, partially offset by lower interest checking account balances. The year-over-year decline was primarily driven by lower interest checking, savings and foreign office account balances, partially offset by higher demand deposit and money market account balances. Other time deposits were flat sequentially and decreased 1 percent compared with the second quarter of 2015. Average deposit balances were impacted by approximately $201 million due to the previously noted sale of branches in Pennsylvania. This sale included $302 million of primarily core consumer deposit balances. Additionally, average deposit balances were affected by the full quarter impact of $228 million in deposits from the sale of St. Louis branches in the first quarter of 2016.

Average commercial transaction deposits were down 2 percent sequentially and decreased 6 percent from the previous year. The sequential decline was primarily driven by lower interest checking account balances, partially offset by an increase in demand deposit account and money market account balances. The year-over-year decline reflected lower interest checking and foreign office account balances, partially offset by higher demand deposit and money market account balances.

Average consumer transaction deposits increased 2 percent sequentially and 3 percent from the second quarter of 2015. The sequential performance reflected broad-based growth across all deposit products. Year-over-year growth was driven by higher money market, interest checking, and demand deposit account balances, partially offset by lower savings account balances.

7

Wholesale Funding

	For the Three Months Ended										% Change
	June 2016		March 2016		December 2015		September 2015		June 2015		Seq		Yr/Yr
Average Wholesale Funding ($ in millions)
Certificates - $100,000 and over	$	2,819	$	2,815	$	3,305	$	2,924	$	2,558		—		10%
Other deposits		467		—		7		222		—		100%		100%
Federal funds purchased		693		608		1,182		1,978		326		14%		NM
Other short-term borrowings		3,754		3,564		1,675		1,897		1,705		5%		NM
Long-term debt		15,351		14,949		15,738		14,664		13,741		3%		12%
Total average wholesale funding	$	23,084	$	21,936	$	21,907	$	21,685	$	18,330		5%		26%

Average wholesale funding of $23.1 billion increased $1.1 billion, or 5 percent, sequentially, and increased $4.8 billion, or 26 percent, compared with the second quarter of 2015. The sequential increase in average wholesale funding was primarily driven by a $1.25 billion debt issuance to take advantage of favorable capital market conditions. The year-over-year increase reflected the impact of funding higher securities balances and replacing LCR punitive deposits with wholesale borrowings.

Noninterest Income

	For the Three Months Ended										% Change
	June 2016		March 2016		December 2015		September 2015		June 2015		Seq		Yr/Yr
Noninterest Income ($ in millions)
Service charges on deposits	$	138	$	137	$	144	$	145	$	139		1%		(1%)
Corporate banking revenue		117		102		104		104		113		15%		4%
Mortgage banking net revenue		75		78		74		71		117		(4%)		(36%)
Wealth and asset management revenue		101		102		102		103		105		(1%)		(4%)
Card and processing revenue		82		79		77		77		77		4%		6%
Other noninterest income		80		136		602		213		1		(41%)		NM
Securities gains, net		6		3		1		—		4		100%		50%
Total noninterest income	$	599	$	637	$	1,104	$	713	$	556		(6%)		8%

Noninterest income of $599 million decreased $38 million sequentially and increased $43 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
	June 2016		March 2016		June 2015		Seq		Yr/Yr
Noninterest Income excluding certain items ($ in millions)
Noninterest income (U.S. GAAP)	$	599	$	637	$	556
Vantiv warrant valuation		(19)		(47)		(14)
Gain on sale of certain branches		(11)		(8)		—
Gain on sale of the non-strategic agented bankcard loan portfolio		(11)		—		—
Valuation of Visa total return swap		50		(1)		2
Branch / land valuation adjustments		—		—		97
Securities (gains) / losses		(6)		(3)		(4)
Noninterest income excluding certain items	$	602	$	578	$	637		4%		(5%)

Excluding the items in the table above, noninterest income of $602 million increased $24 million, or 4 percent, from the previous quarter and decreased $35 million, or 5 percent, from the second quarter of 2015. The sequential increase was primarily due to increases in corporate banking revenue. The year-over-year decrease was driven by a decrease in mortgage banking net revenue due to a significant positive MSR valuation adjustment in the second quarter of 2015.

Service charges on deposits of $138 million increased 1 percent from the first quarter of 2016, and decreased 1 percent compared with the same quarter last year. The sequential increase reflected a 3 percent increase in retail service charges. The decrease from the second quarter of 2015 was due to a 6 percent decrease in retail service charges.

Corporate banking revenue of $117 million increased $15 million compared to the first quarter of 2016 and increased $4 million from the second quarter of 2015. The sequential comparison reflects increases in loan syndication revenue and institutional sales revenue. The year-over-year increase was primarily driven by higher loan syndication revenue, partially offset by lower business lending fees and institutional sales revenue.

Mortgage banking net revenue was $75 million in the second quarter of 2016, down $3 million from the first quarter of 2016 and down $42 million from the second quarter of 2015. Originations were $2.7 billion in the current quarter, $1.8 billion in the previous quarter and $2.5 billion in the second quarter of 2015. Second quarter 2016 originations resulted in gains of $54 million on mortgages sold, compared with gains of $42 million during the previous quarter and $43 million during the second quarter of 2015. Mortgage servicing fees were $50 million this quarter, $52 million in the first quarter of 2016, and $56 million in the second quarter of 2015. 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 second quarter of 2016 (reflecting MSR amortization of $35 million and MSR valuation adjustments of positive $6 million); negative $16 million in the first quarter of 2016 (MSR amortization of $27 million and MSR valuation adjustments of positive $11 million); and positive $18 million in the second quarter of 2015 (MSR amortization of $39 million and MSR valuation adjustments of positive $57 million). The mortgage servicing asset, net of the valuation reserve, was $621 million at quarter end on a servicing portfolio of $56 billion.

9

Wealth and asset management revenue of $101 million decreased 1 percent from the first quarter of 2016 due to seasonally lower tax-related private client services revenue, partially offset by an increase in personal asset management fees. The decrease of 4 percent from the prior year was primarily due to lower securities and brokerage fees.

Card and processing revenue of $82 million in the second quarter of 2016 increased 4 percent sequentially and increased 6 percent from the second quarter of 2015. The sequential increase reflected higher transaction volumes compared with seasonally weak first quarter volumes. The year-over-year increase reflected an increase in customer transactions and spend volume.

Other noninterest income totaled $80 million in the second quarter of 2016, compared with $136 million in the previous quarter and $1 million in the second quarter of 2015. As previously described, the results included the adjustments in the table on page 9 with the exception of securities gains in all comparable periods. Excluding these items, other noninterest income of $89 million increased approximately $9 million, or 11 percent, from the first quarter of 2016 and increased approximately $3 million, or 3 percent, from the second quarter of 2015.

Net gains on investment securities were $6 million in the second quarter of 2016, compared with $3 million in the previous quarter and $4 million in the second quarter of 2015.

Noninterest Expense

	For the Three Months Ended										% Change
	June 2016		March 2016		December 2015		September 2015		June 2015		Seq			Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	407	$	403	$	386	$	387	$	383		1	%		6	%
Employee benefits		85		100		74		72		78		(15	%)		9	%
Net occupancy expense		75		77		83		77		83		(3	%)		(10	%)
Technology and communications		60		56		59		56		54		7	%		11	%
Equipment expense		30		30		32		31		31		—			(3	%)
Card and processing expense		37		35		40		40		38		6	%		(3	%)
Other noninterest expense		289		285		289		280		280		1	%		3	%
Total noninterest expense	$	983	$	986	$	963	$	943	$	947		—			4	%

Noninterest expense of $983 million was down $3 million compared with the first quarter of 2016 and increased 4 percent compared with the second quarter of 2015. The sequential comparison reflected a seasonal decrease in FICA and unemployment tax expense recorded in employee benefits, partially offset by a $9 million compensation-related expense due to retirement eligibility changes. The year-over-year increase reflected higher compensation expense as a result of personnel additions primarily in risk and compliance and information technology.

10

Credit Quality

	For the Three Months Ended
	June 2016		March 2016		December 2015		September 2015		June 2015
Total net losses charged-off ($ in millions)
Commercial and industrial loans	($	39)	($	46)	($	30)	($	128)	($	34)
Commercial mortgage loans		(6)		(6)		(3)		(11)		(11)
Commercial construction loans		—		—		—		(3)		—
Commercial leases		(1)		(2)		(1)		—		—
Residential mortgage loans		(2)		(2)		(3)		(3)		(5)
Home equity		(6)		(8)		(9)		(9)		(9)
Automobile loans		(8)		(9)		(9)		(7)		(4)
Credit card		(21)		(20)		(19)		(21)		(21)
Other consumer loans and leases		(4)		(3)		(6)		(6)		(2)
Total net losses charged-off	($	87)	($	96)	($	80)	($	188)	($	86)
Total losses charged-off	($	105)	($	116)	($	105)	($	209)	($	112)
Total recoveries of losses previously charged-off		18		20		25		21		26
Total net losses charged-off	($	87)	($	96)	($	80)	($	188)	($	86)
Ratios (annualized)
Net losses charged-off as a percent of average portfolio loans and leases (excluding held for sale)		0.37%		0.42%		0.34%		0.80%		0.37%
Commercial		0.32%		0.38%		0.24%		0.99%		0.32%
Consumer		0.45%		0.48%		0.49%		0.51%		0.46%

Net charge-offs were $87 million, or 37 bps of average portfolio loans and leases on an annualized basis, in the second quarter of 2016 compared with net charge-offs of $96 million, or 42 bps, in the first quarter of 2016 and $86 million, or 37 bps, in the second quarter of 2015.

Commercial net charge-offs were $46 million, or 32 bps, and were down $8 million sequentially. The decrease was primarily due to lower charge-offs of C&I loans, which decreased by $7 million from the first quarter of 2016. Commercial real estate net charge-offs were flat from the previous quarter.

Consumer net charge-offs were $41 million, or 45 bps, and were down $1 million sequentially. Compared with the previous quarter, net charge-offs on residential mortgage loans in the portfolio were flat and net charge-offs on the home equity portfolio decreased $2 million. Net charge-offs on the auto portfolio were down $1 million and net charge-offs on credit card loans were up $1 million from the first quarter of 2016. Net charge-offs on other consumer loans were $4 million, up $1 million from the previous quarter.

11

	For the Three Months Ended
	June		March		December		September		June
	2016		2016		2015		2015		2015
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	1,295	$	1,272	$	1,261	$	1,293	$	1,300
Total net losses charged-off		(87)		(96)		(80)		(188)		(86)
Provision for loan and lease losses		91		119		91		156		79
Allowance for loan and lease losses, ending	$	1,299	$	1,295	$	1,272	$	1,261	$	1,293
Reserve for unfunded commitments, beginning	$	144	$	138	$	134	$	132	$	130
Provision for unfunded commitments		7		6		4		2		2
Reserve for unfunded commitments, ending	$	151	$	144	$	138	$	134	$	132
Components of allowance for credit losses:
Allowance for loan and lease losses	$	1,299	$	1,295	$	1,272	$	1,261	$	1,293
Reserve for unfunded commitments		151		144		138		134		132
Total allowance for credit losses	$	1,450	$	1,439	$	1,410	$	1,395	$	1,425
Allowance for loan and lease losses ratio
As a percent of portfolio loans and leases		1.38%		1.38%		1.37%		1.35%		1.39%
As a percent of nonperforming loans and leases(a)		188%		185%		252%		275%		272%
As a percent of nonperforming assets(a)		161%		157%		197%		208%		206%

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

Provision for loan and lease losses totaled $91 million in the second quarter of 2016. The allowance represented 1.38 percent of total portfolio loans and leases outstanding as of quarter end, compared with 1.38 percent last quarter, and represented 188 percent of nonperforming loans and leases, and 161 percent of nonperforming assets.

The provision decreased $28 million from the first quarter of 2016 and increased $12 million from the second quarter of 2015. The allowance for loan and lease losses increased $4 million sequentially. As of June 30, the reserve allocated to the energy portfolio was approximately 5.97%, down from approximately 6.20% last quarter.

12

	As of
	June 2016		March 2016		December 2015		September 2015		June 2015
Nonperforming Assets and Delinquent Loans ($ in millions)
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	254	$	278	$	82	$	47	$	61
Commercial mortgage loans		39		51		56		60		49
Commercial construction loans		—		—		—		—		—
Commercial leases		4		4		—		2		2
Residential mortgage loans		27		25		28		31		35
Home equity		61		61		62		65		70
Total nonaccrual portfolio loans and leases (excludes restructured loans)	$	385	$	419	$	228	$	205	$	217
Nonaccrual restructured portfolio commercial loans and leases(b)		242		210		203		177		175
Nonaccrual restructured portfolio consumer loans and leases		66		72		75		76		83
Total nonaccrual portfolio loans and leases	$	693	$	701	$	506	$	458	$	475
Repossessed property		15		17		18		17		16
OREO		97		107		123		131		135
Total nonperforming portfolio assets(a)	$	805	$	825	$	647	$	606	$	626
Nonaccrual loans held for sale		20		3		1		1		1
Nonaccrual restructured loans held for sale		—		2		11		1		—
Total nonperforming assets	$	825	$	830	$	659	$	608	$	627
Restructured Portfolio Consumer loans and leases (accrual)	$	982	$	998	$	979	$	973	$	970
Restructured Portfolio Commercial loans and leases (accrual)(b)	$	431	$	461	$	491	$	571	$	769
Total loans and leases 90 days past due	$	65	$	73	$	75	$	70	$	70
Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including OREO(a)		0.74%		0.75%		0.55%		0.49%		0.51%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a)		0.86%		0.88%		0.70%		0.65%		0.67%

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

(b) Excludes $20 million of restructured nonaccrual loans and $7 million of restructured accruing loans as of June 30, 2016, March 31, 2016 and December 31, 2015. Excludes $21 million of restructured nonaccrual loans and $7 million of restructured accruing loans as of September 30, 2015 and June 30, 2015.

Total nonperforming assets, including loans held-for-sale, decreased $5 million, or 1 percent, from the previous quarter to $825 million. Nonperforming loans (NPLs) at quarter-end decreased $8 million, or 1 percent, from the previous quarter to $693 million or 0.74 percent of total loans, leases and OREO.

Commercial NPAs decreased $9 million from the first quarter to $602 million, or 1.04 percent of commercial loans, leases and OREO. Commercial NPLs decreased $4 million from last quarter to $539 million, or 0.93 percent of commercial loans and leases. C&I NPAs increased $5 million from the prior quarter to $477 million. This increase primarily reflected non-energy NPAs which resulted in a stable reserve coverage of both NPLs and NPAs compared with those coverage levels in the first quarter of 2016. Energy NPLs were flat sequentially. Commercial mortgage NPAs decreased $12 million from the previous quarter to $114 million. Commercial construction NPAs decreased $1 million from the previous quarter to $7 million. Commercial lease NPAs were $4 million, down $1 million from the previous quarter. Commercial NPAs included $242 million of nonaccrual troubled debt restructurings (TDRs), compared with $210 million last quarter.

13

Consumer NPAs decreased $11 million from the first quarter to $203 million, or 0.57 percent of consumer loans, leases and OREO. Consumer NPLs decreased $4 million from last quarter to $154 million, or 0.43 percent of consumer loans and leases. Residential mortgage NPAs decreased $8 million from the second quarter to $69 million. Home equity NPAs decreased $1 million, sequentially, to $94 million. Consumer nonaccrual TDRs were $66 million in the second quarter of 2016, compared with $72 million in the first quarter of 2016.

Second quarter OREO balances included in NPA balances were down $10 million from the first quarter to $97 million, and included $56 million in commercial OREO and $41 million in consumer OREO. Repossessed personal property decreased $2 million from the prior quarter to $15 million.

Loans over 90 days past due and still accruing decreased $7 million from the first quarter of 2016 to $65 million. Commercial balances over 90 days past due were $2 million compared with $3 million in the prior quarter, and consumer balances 90 days past due decreased $7 million from the previous quarter to $63 million. Loans 30-89 days past due of $196 million were down $12 million from the previous quarter. Commercial balances 30-89 days past due decreased $17 million sequentially to $17 million and consumer balances 30-89 days past due were up $5 million from the first quarter at $179 million. The above delinquency figures exclude nonaccruals described previously.

14

Capital and Liquidity Position

	For the Three Months Ended
	June 2016			March 2016			December 2015			September 2015			June 2015
Capital Position
Average total Bancorp shareholders’ equity to average assets		11.60	%		11.57	%		11.26	%		11.24	%		11.32	%
Tangible equity(a)		9.59	%		9.51	%		9.55	%		9.29	%		9.29	%
Tangible common equity (excluding unrealized gains/losses)(a)		8.64	%		8.55	%		8.59	%		8.33	%		8.33	%
Tangible common equity (including unrealized gains/losses)(a)		9.18	%		8.97	%		8.71	%		8.65	%		8.51	%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses)(a)(b)		9.92	%		9.78	%		9.80	%		9.37	%		9.39	%
	Basel III
Regulatory capital ratios:	Transitional
CET1 capital(b)		9.94	%		9.81	%		9.82	%		9.40	%		9.42	%
Tier I risk-based capital(b)		11.03	%		10.91	%		10.93	%		10.49	%		10.51	%
Total risk-based capital(b)		14.66	%		14.66	%		14.13	%		13.68	%		13.69	%
Tier I leverage		9.64	%		9.57	%		9.54	%		9.38	%		9.44	%
CET1 capital (fully phased-in)(a)(b)		9.86	%		9.72	%		9.72	%		9.30	%		9.31	%
Book value per share	$	20.09		$	19.46		$	18.48		$	18.22		$	17.62
Tangible book value per share(a)	$	16.93		$	16.32		$	15.39		$	15.18		$	14.62
Modified liquidity coverage ratio (LCR)(c)(d)		110	%		118	%		N/A			N/A			N/A

(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 and liquidity ratios are estimated.

(d) The Bancorp became subject to the Modified LCR regulations effective January 1, 2016.

Capital ratios remained strong during the quarter. The common equity Tier 1 ratio was 9.94 percent, the tangible common equity to tangible assets ratio* was 8.64 percent (excluding unrealized gains/losses), and 9.18 percent (including unrealized gains/losses). The Tier 1 risk-based capital ratio was 11.03 percent, the total risk-based capital ratio was 14.66 percent, and the Leverage ratio was 9.64 percent.

Book value per share at June 30, 2016 was $20.09 and tangible book value per share* was $16.93, compared with the March 31, 2016 book value per share of $19.46 and tangible book value per share* of $16.32.

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

• On April 11, 2016, Fifth Third settled the forward contract related to the March 4, 2016 $240 million share repurchase agreement. An additional 1.87 million shares were repurchased in connection with the completion of this agreement.

• On June 14, 2016, Fifth Third executed open market share repurchases totaling $26 million, which reduced the second quarter share count by 1.44 million shares.

* Non-GAAP measure; see discussion of non-GAAP measures and Reg. G reconciliation beginning on page 33.

15

In total, common shares outstanding decreased by approximately 4 million shares in the second quarter of 2016 from the first quarter of 2016.

On June 29, 2016, Fifth Third announced that the Board of Governors of the Federal Reserve System did not object to Fifth Third’s 2016 CCAR capital plan for the period beginning July 1, 2016 and ending June 30, 2017. Our capital plan included the following components:

• An increase in the quarterly common stock dividend to $0.14 in 4Q16

• The repurchase of common shares in an amount up to $660 million, which includes $84 million in repurchases related to share issuances under employee benefit plans

• The additional ability to repurchase shares in the amount of any realized after-tax gains from the sale of Vantiv stock, if executed

• The additional ability to repurchase shares in the amount of any realized after-tax gains from the sale of any portion of the tax receivable agreement with Vantiv, if executed

Tax Rate

The effective tax rate was 22.8 percent in the second quarter of 2016 compared with 25.0 percent in the first quarter of 2016 and 26.1 percent in the second quarter of 2015. The tax rate in the current period reflected an $8 million tax benefit related to a change in the estimated deductibility of a prior expense.

Other

On July 27, 2016, Fifth Third Bancorp entered into an agreement with Vantiv, Inc. under which a portion of its Tax Receivable Agreement (“TRA”) with Vantiv was terminated and settled in full for consideration of a cash payment in the amount of $116 million from Vantiv. Under the agreement, Fifth Third Bancorp sold certain TRA cash flows totaling an estimated $331 million. These cash flows were originally payable to Fifth Third from 2019 - 2035. This sale does not impact the TRA payment expected to be recognized in the fourth quarter of 2016 and the fourth quarter of 2017. Fifth Third will also have the ability to terminate and settle another $394 million of future cash flows for a total of $171 million dollars payable to Fifth Third in 2017 and 2018 in 8 separate quarterly optional executions. For more detail, see the 8-K dated July 28, 2016. Additionally, Fifth Third Bancorp announced a 5.5 year extension to the existing operating agreement with Vantiv. The new agreement will reflect reduced expenses for Fifth Third and enhanced revenue opportunities for both parties.

Fifth Third Bank owns approximately 35 million units representing an 18.3 percent interest in Vantiv Holding, LLC, convertible into shares of Vantiv, Inc., a publicly traded firm. Based upon Vantiv’s closing price of $56.60 on June 30, 2016, our interest in Vantiv was valued at approximately $2.0 billion. Next month in our 10-Q, we will update our disclosure of the carrying value of our interest in Vantiv stock, which was $374 million as of March 31, 2016. 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 approximately 7.8 million additional shares in Vantiv which is carried as a derivative asset at a fair value of $327 million as of June 30, 2016.

16

Conference Call

Fifth Third will host a conference call to discuss these financial results at 9:00 a.m. (Eastern Time) today. This conference call will be webcast live by Thomson Financial and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on “About Fifth Third” then “Investor Relations”). Institutional investors can access the call via Thomson Financial’s password-protected event management site, StreetEvents (www.streetevents.com).

Those unable to listen to the live webcast may access a webcast replay through the Fifth Third Investor Relations website at the same web address. Additionally, a telephone replay of the conference call will be available beginning approximately two hours after the conference call until Thursday, August 11, 2016 by dialing 855-859-2056 for domestic access or 404-537-3406 for international access (passcode 30557082#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of June 30, 2016, the Company had $144 billion in assets and operates 1,191 full-service Banking Centers, including 94 Bank Mart^® locations, most open seven days a week, inside select grocery stores and 2,514 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2016, had $305 billion in assets under care, of which it managed $26 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 become known during the company’s quarterly closing process or as a result of subsequent events that could affect the accuracy of the statements and 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 or real estate market conditions, either nationally or in the states in which Fifth Third, one or more acquired entities and/or the combined company do business, weaken or 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; (22) difficulties in separating the operations of any branches or other assets divested; (23) inability to achieve expected benefits from branch consolidations and planned sales within desired timeframes, if at all; (24) ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; and (25) the impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity.

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

# # #

17

Quarterly Financial Review for June 30, 2016

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	33-34
Segment Presentation	35

18

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended						% Change				Year to Date				% Change
	June 2016		March 2016		June 2015		Seq		Yr/Yr		June 2016		June 2015		Yr/Yr
Income Statement Data
Net interest income(a)	$	908	$	909	$	892		—		2%	$	1,817	$	1,744		4%
Noninterest income		599		637		556		(6%)		8%		1,235		1,187		4%
Total revenue(a)		1,507		1,546		1,448		(3%)		4%		3,052		2,931		4%
Provision for loan and lease losses		91		119		79		(24%)		15%		210		148		42%
Noninterest expense		983		986		947		—		4%		1,968		1,871		5%
Net income attributable to Bancorp		333		327		315		2%		6%		660		676		(2%)
Net income available to common shareholders		310		312		292		(1%)		6%		622		638		(3%)
Common Share Data
Earnings per share, basic	$	0.40	$	0.40	$	0.36		—		11%	$	0.80	$	0.78		3%
Earnings per share, diluted		0.40		0.40		0.36		—		11%		0.80		0.77		4%
Cash dividends per common share		0.13		0.13		0.13		—		—		0.26		0.26		—
Book value per share		20.09		19.46		17.62		3%		14%		20.09		17.62		14%
Market price per share		17.59		16.69		20.82		5%		(16%)		17.59		20.82		(16%)
Common shares outstanding (in thousands)		766,346		770,471		810,054		(1%)		(5%)		766,346		810,054		(5%)
Average common shares outstanding (in thousands):
Basic		759,105		773,564		803,965		(2%)		(6%)		766,335		807,070		(5%)
Diluted		765,080		778,392		812,843		(2%)		(6%)		771,736		815,741		(5%)
Market capitalization	$	13,480	$	12,859	$	16,865		5%		(20%)	$	13,480	$	16,865		(20%)
Financial Ratios
Return on average assets		0.94%		0.93%		0.90%		1%		4%		0.93%		0.98%		(5%)
Return on average common equity		8.2%		8.3%		8.1%		(1%)		1%		8.3%		8.9%		(7%)
Return on average tangible common equity(b)(d)		9.7%		9.9%		9.7%		(2%)		—		9.8%		10.7%		(8%)
Noninterest income as a percent of total revenue		40%		41%		38%		(2%)		5%		40%		40%		—
Dividend payout ratio		32.5%		32.5%		36.1%		—		(10%)		32.5%		33.3%		(2%)
Average total Bancorp shareholders’ equity as a percent of average assets		11.60%		11.57%		11.32%		—		2%		11.59%		11.41%		2%
Tangible common equity(c)(d)(j)		8.64%		8.55%		8.33%		1%		4%		8.64%		8.33%		4%
Net interest margin(a)		2.88%		2.91%		2.90%		(1%)		(1%)		2.89%		2.88%		—
Efficiency(a)		65.3%		63.8%		65.4%		2%		—		64.5%		63.8%		1%
Effective tax rate		22.8%		25.0%		26.1%		(9%)		(13%)		23.9%		25.8%		(7%)
Credit Quality
Net losses charged-off	$	87	$	96	$	86		(9%)		1%	$	183	$	177		3%
Net losses charged-off as a percent of average portfolio loans and leases		0.37%		0.42%		0.37%		(12%)		—		0.39%		0.39%		—
ALLL as a percent of portfolio loans and leases		1.38%		1.38%		1.39%		—		(1%)		1.38%		1.39%		(1%)
Allowance for credit losses as a percent of portfolio loans and leases(k)		1.54%		1.54%		1.54%		—		—		1.54%		1.54%		—
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(e)		0.86%		0.88%		0.67%		(2%)		28%		0.86%		0.67%		28%
Average Balances
Loans and leases, including held for sale	$	94,807	$	94,078	$	92,739		1%		2%	$	94,443	$	92,202		2%
Total securities and other short-term investments		32,040		31,573		30,563		1%		5%		31,808		29,805		7%
Total assets		142,920		141,582		139,960		1%		2%		142,251		138,795		2%
Transaction deposits(f)		94,929		94,680		96,460		—		(2%)		94,806		95,322		(1%)
Core deposits(g)		98,973		98,715		100,534		—		(2%)		98,845		99,370		(1%)
Wholesale funding(h)		23,084		21,936		18,330		5%		26%		22,509		18,599		21%
Bancorp shareholders’ equity		16,584		16,376		15,841		1%		5%		16,479		15,831		4%
	Basel III
	Transitional
Regulatory Capital Ratios(i)
CET1 capital(j)		9.94%		9.81%		9.42%		1%		6%		9.94%		9.42%		6%
Tier I risk-based capital(j)		11.03%		10.91%		10.51%		1%		5%		11.03%		10.51%		5%
Total risk-based capital(j)		14.66%		14.66%		13.69%		—		7%		14.66%		13.69%		7%
Tier I leverage		9.64%		9.57%		9.44%		1%		2%		9.64%		9.44%		2%
CET1 capital (fully phased-in)(j)		9.86%		9.72%		9.31%		1%		6%		9.86%		9.31%		6%
Operations
Banking centers		1,191		1,241		1,299		(4%)		(8%)		1,191		1,299		(8%)
ATMs		2,514		2,556		2,630		(2%)		(4%)		2,514		2,630		(4%)
Full-time equivalent employees		18,051		18,200		18,527		(1%)		(3%)		18,051		18,527		(3%)

(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 discussion of non-GAAP measures and Reg. G reconciliation beginning 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, other short-term borrowings and long-term debt.

(i) Current period regulatory capital ratios are estimates.

(j) 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.

(k) The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.

19

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended
	June 2016			March 2016			December 2015			September 2015			June 2015
Income Statement Data
Net interest income(a)	$	908		$	909		$	904		$	906		$	892
Noninterest income		599			637			1,104			713			556
Total revenue(a)		1,507			1,546			2,008			1,619			1,448
Provision for loan and lease losses		91			119			91			156			79
Noninterest expense		983			986			963			943			947
Net income attributable to Bancorp		333			327			657			381			315
Net income available to common shareholders		310			312			634			366			292
Common Share Data
Earnings per share, basic	$	0.40		$	0.40		$	0.80		$	0.46		$	0.36
Earnings per share, diluted		0.40			0.40			0.79			0.45			0.36
Cash dividends per common share		0.13			0.13			0.13			0.13			0.13
Book value per share		20.09			19.46			18.48			18.22			17.62
Market price per share		17.59			16.69			20.10			18.91			20.82
Common shares outstanding (in thousands)		766,346			770,471			785,080			795,439			810,054
Average common shares outstanding (in thousands):
Basic		759,105			773,564			784,855			795,793			803,965
Diluted		765,080			778,392			794,481			805,023			812,843
Market capitalization	$	13,480		$	12,859		$	15,780		$	15,042		$	16,865
Financial Ratios
Return on average assets		0.94	%		0.93	%		1.83	%		1.07	%		0.90	%
Return on average common equity		8.2	%		8.3	%		17.2	%		10.0	%		8.1	%
Return on average tangible common equity(b)(d)		9.7	%		9.9	%		20.6	%		12.0	%		9.7	%
Noninterest income as a percent of total revenue		40	%		41	%		55	%		44	%		38	%
Dividend payout ratio		32.5	%		32.5	%		16.3	%		28.3	%		36.1	%
Average total Bancorp shareholders’ equity as a percent of average assets		11.60	%		11.57	%		11.26	%		11.24	%		11.32	%
Tangible common equity(c)(d)(j)		8.64	%		8.55	%		8.59	%		8.33	%		8.33	%
Net interest margin(a)		2.88	%		2.91	%		2.85	%		2.89	%		2.90	%
Efficiency(a)		65.3	%		63.8	%		48.0	%		58.2	%		65.4	%
Effective tax rate		22.8	%		25.0	%		30.7	%		26.0	%		26.1	%
Credit Quality
Net losses charged-off	$	87		$	96		$	80		$	188		$	86
Net losses charged-off as a percent of average portfolio loans and leases		0.37	%		0.42	%		0.34	%		0.80	%		0.37	%
ALLL as a percent of portfolio loans and leases		1.38	%		1.38	%		1.37	%		1.35	%		1.39	%
Allowance for credit losses as a percent of portfolio loans and leases(k)		1.54	%		1.54	%		1.52	%		1.49	%		1.54	%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(e)		0.86	%		0.88	%		0.70	%		0.65	%		0.67	%
Average Balances
Loans and leases, including held for sale	$	94,807		$	94,078		$	94,587		$	94,329		$	92,739
Total securities and other short-term investments		32,040			31,573			31,256			30,102			30,563
Total assets		142,920			141,582			141,973			140,706			139,960
Transaction deposits(f)		94,929			94,680			95,676			94,660			96,460
Core deposits(g)		98,973			98,715			99,728			98,717			100,534
Wholesale funding(h)		23,084			21,936			21,907			21,685			18,330
Bancorp shareholders’ equity		16,584			16,376			15,982			15,815			15,841
	Basel III
	Transitional
Regulatory Capital Ratios(i)
CET1 capital(j)		9.94	%		9.81	%		9.82	%		9.40	%		9.42	%
Tier I risk-based capital(j)		11.03	%		10.91	%		10.93	%		10.49	%		10.51	%
Total risk-based capital(j)		14.66	%		14.66	%		14.13	%		13.68	%		13.69	%
Tier I leverage		9.64	%		9.57	%		9.54	%		9.38	%		9.44	%
CET1 capital (fully phased-in)(j)		9.86	%		9.72	%		9.72	%		9.30	%		9.31	%
Operations
Banking centers		1,191			1,241			1,254			1,295			1,299
ATMs		2,514			2,556			2,593			2,650			2,630
Full-time equivalent employees		18,051			18,200			18,261			18,311			18,527

(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 discussion of non-GAAP measures and Reg. G reconciliation beginning 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, other short-term borrowings and long-term debt.

(i) Current period regulatory capital ratios are estimates.

(j) 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.

(k) The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.

20

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income

$ in millions

(unaudited)

	For the Three Months Ended						% Change				Year to Date				% Change
	June 2016		March 2016		June 2015		Seq		Yr/Yr		June 2016		June 2015		Yr/Yr
Interest Income
Interest and fees on loans and leases	$	808	$	804	$	782		—		3%	$	1,613	$	1,560		3%
Interest on securities		236		232		219		2%		8%		468		407		15%
Interest on other short-term investments		2		2		2		—		—		4		6		(33%)
Total interest income		1,046		1,038		1,003		1%		4%		2,085		1,973		6%
Interest Expense
Interest on deposits		50		49		46		2%		9%		99		96		3%
Interest on federal funds purchased		1		1		—		—		100%		1		—		100%
Interest on other short-term borrowings		3		3		1		—		NM		7		1		NM
Interest on long-term debt		90		82		69		10%		30%		173		142		22%
Total interest expense		144		135		116		7%		24%		280		239		17%
Net Interest Income		902		903		887		—		2%		1,805		1,734		4%
Provision for loan and lease losses		91		119		79		(24%)		15%		210		148		42%
Net Interest Income After Provision for Loan and Lease Losses		811		784		808		3%		—		1,595		1,586		1%
Noninterest Income
Service charges on deposits		138		137		139		1%		(1%)		274		274		—
Corporate banking revenue		117		102		113		15%		4%		219		176		24%
Mortgage banking net revenue		75		78		117		(4%)		(36%)		154		203		(24%)
Wealth and asset management revenue		101		102		105		(1%)		(4%)		203		212		(4%)
Card and processing revenue		82		79		77		4%		6%		161		148		9%
Other noninterest income		80		136		1		(41%)		NM		215		165		30%
Securities gains, net		6		3		4		100%		50%		9		9		—
Total noninterest income		599		637		556		(6%)		8%		1,235		1,187		4%
Noninterest Expense
Salaries, wages and incentives		407		403		383		1%		6%		810		752		8%
Employee benefits		85		100		78		(15%)		9%		185		176		5%
Net occupancy expense		75		77		83		(3%)		(10%)		152		162		(6%)
Technology and communications		60		56		54		7%		11%		116		109		6%
Equipment expense		30		30		31		—		(3%)		60		61		(2%)
Card and processing expense		37		35		38		6%		(3%)		72		74		(3%)
Other noninterest expense		289		285		280		1%		3%		573		537		7%
Total noninterest expense		983		986		947		—		4%		1,968		1,871		5%
Income Before Income Taxes		427		435		417		(2%)		2%		862		902		(4%)
Applicable income tax expense		98		108		108		(9%)		(9%)		206		232		(11%)
Net Income		329		327		309		1%		6%		656		670		(2%)
Less: Net income attributable to noncontrolling interests		(4)		—		(6)		100%		(33%)		(4)		(6)		(33%)
Net Income Attributable to Bancorp		333		327		315		2%		6%		660		676		(2%)
Dividends on preferred stock		23		15		23		53%		—		38		38		—
Net Income Available to Common Shareholders	$	310	$	312	$	292		(1%)		6%	$	622	$	638		(3%)

21

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	June 2016		March 2016		December 2015		September 2015		June 2015
Interest Income
Interest and fees on loans and leases	$	808	$	804	$	797	$	795	$	782
Interest on securities		236		232		231		230		219
Interest on other short-term investments		2		2		2		1		2
Total interest income		1,046		1,038		1,030		1,026		1,003
Taxable equivalent adjustment		6		6		5		5		5
Total interest income (taxable equivalent)		1,052		1,044		1,035		1,031		1,008
Interest Expense
Interest on deposits		50		49		46		44		46
Interest on federal funds purchased		1		1		—		—		—
Interest on other short-term borrowings		3		3		1		1		1
Interest on long-term debt		90		82		84		80		69
Total interest expense		144		135		131		125		116
Net Interest Income (Taxable Equivalent)		908		909		904		906		892
Provision for loan and lease losses		91		119		91		156		79
Net Interest Income (Taxable Equivalent) After Provision for Provision for Loan and Lease Losses		817		790		813		750		813
Noninterest Income
Service charges on deposits		138		137		144		145		139
Corporate banking revenue		117		102		104		104		113
Mortgage banking net revenue		75		78		74		71		117
Wealth and asset management revenue		101		102		102		103		105
Card and processing revenue		82		79		77		77		77
Other noninterest income		80		136		602		213		1
Securities gains, net		6		3		1		—		4
Total noninterest income		599		637		1,104		713		556
Noninterest Expense
Salaries, wages and incentives		407		403		386		387		383
Employee benefits		85		100		74		72		78
Net occupancy expense		75		77		83		77		83
Technology and communications		60		56		59		56		54
Equipment expense		30		30		32		31		31
Card and processing expense		37		35		40		40		38
Other noninterest expense		289		285		289		280		280
Total noninterest expense		983		986		963		943		947
Income Before Income Taxes (Taxable Equivalent)		433		441		954		520		422
Taxable equivalent adjustment		6		6		5		5		5
Income Before Income Taxes		427		435		949		515		417
Applicable income tax expense		98		108		292		134		108
Net Income		329		327		657		381		309
Less: Net Income attributable to noncontrolling interests		(4)		—		—		—		(6)
Net Income Attributable to Bancorp		333		327		657		381		315
Dividends on preferred stock		23		15		23		15		23
Net Income Available to Common Shareholders	$	310	$	312	$	634	$	366	$	292

22

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of						% Change
	June		March		June
	2016		2016		2015		Seq		Yr/Yr
Assets
Cash and due from banks	$	2,359	$	2,298	$	2,785		3%		(15%)
Available-for-sale and other securities(a)		31,455		29,891		27,987		5%		12%
Held-to-maturity securities(b)		62		64		157		(3%)		(61%)
Trading securities		401		405		370		(1%)		8%
Other short-term investments		1,818		1,778		3,451		2%		(47%)
Loans held for sale		877		803		995		9%		(12%)
Portfolio loans and leases:
Commercial and industrial loans		43,558		43,433		42,800		—		2%
Commercial mortgage loans		6,875		6,864		7,150		—		(4%)
Commercial construction loans		3,706		3,428		2,709		8%		37%
Commercial leases		3,978		3,956		3,881		1%		2%
Residential mortgage loans		14,307		13,895		12,933		3%		11%
Home equity		7,988		8,112		8,547		(2%)		(7%)
Automobile loans		10,671		11,128		11,909		(4%)		(10%)
Credit card		2,172		2,138		2,278		2%		(5%)
Other consumer loans and leases		654		651		496		—		32%
Portfolio loans and leases		93,909		93,605		92,703		—		1%
Allowance for loan and lease losses		(1,299)		(1,295)		(1,293)		—		—
Portfolio loans and leases, net		92,610		92,310		91,410		—		1%
Bank premises and equipment		2,144		2,185		2,298		(2%)		(7%)
Operating lease equipment		756		738		670		2%		13%
Goodwill		2,416		2,416		2,416		—		—
Intangible assets		10		11		13		(9%)		(23%)
Servicing rights		621		685		854		(9%)		(27%)
Other assets		8,096		8,846		8,222		(8%)		(2%)
Total Assets	$	143,625	$	142,430	$	141,628		1%		1%
Liabilities
Deposits:
Demand	$	36,137	$	35,858	$	35,449		1%		2%
Interest checking		24,571		25,182		27,074		(2%)		(9%)
Savings		14,356		14,738		14,976		(3%)		(4%)
Money market		19,125		19,377		17,900		(1%)		7%
Foreign office		453		441		728		3%		(38%)
Other time		4,021		4,049		4,050		(1%)		(1%)
Certificates $100,000 and over		2,778		2,830		2,846		(2%)		(2%)
Other		430		—		—		100%		100%
Total deposits		101,871		102,475		103,023		(1%)		(1%)
Federal funds purchased		108		134		126		(19%)		(14%)
Other short-term borrowings		3,979		3,523		4,136		13%		(4%)
Accrued taxes, interest and expenses		2,187		2,011		1,858		9%		18%
Other liabilities		2,495		2,627		3,356		(5%)		(26%)
Long-term debt		16,231		15,305		13,491		6%		20%
Total Liabilities		126,871		126,075		125,990		1%		1%
Equity
Common stock(c)		2,051		2,051		2,051		—		—
Preferred stock		1,331		1,331		1,331		—		—
Capital surplus		2,754		2,686		2,632		3%		5%
Retained earnings		12,778		12,570		11,564		2%		10%
Accumulated other comprehensive income		889		684		291		30%		NM
Treasury stock		(3,077)		(2,999)		(2,264)		3%		36%
Total Bancorp shareholders’ equity		16,726		16,323		15,605		2%		7%
Noncontrolling interests		28		32		33		(13%)		(15%)
Total Equity		16,754		16,355		15,638		2%		7%
Total Liabilities and Equity	$	143,625	$	142,430	$	141,628		1%		1%
(a) Amortized cost	$	30,101	$	28,838	$	27,483		4%		10%
(b) Market values		62		64		157		(3%)		(61%)
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000		2,000,000		2,000,000		—		—
Outstanding, excluding treasury		766,346		770,471		810,054		(1%)		(5%)
Treasury		157,547		153,422		113,838		3%		38%

23

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	June			March			December			September			June
	2016			2016			2015			2015			2015
Assets
Cash and due from banks	$	2,359		$	2,298		$	2,540		$	2,455		$	2,785
Available-for-sale and other securities(a)		31,455			29,891			29,044			28,799			27,987
Held-to-maturity securities(b)		62			64			70			157			157
Trading securities		401			405			386			374			370
Other short-term investments		1,818			1,778			2,671			1,994			3,451
Loans held for sale		877			803			903			994			995
Portfolio loans and leases:
Commercial and industrial loans		43,558			43,433			42,131			42,948			42,800
Commercial mortgage loans		6,875			6,864			6,957			7,061			7,150
Commercial construction loans		3,706			3,428			3,214			3,101			2,709
Commercial leases		3,978			3,956			3,854			3,898			3,881
Residential mortgage loans		14,307			13,895			13,716			13,392			12,933
Home equity		7,988			8,112			8,301			8,427			8,547
Automobile loans		10,671			11,128			11,493			11,826			11,909
Credit card		2,172			2,138			2,259			2,229			2,278
Other consumer loans and leases		654			651			657			692			496
Portfolio loans and leases		93,909			93,605			92,582			93,574			92,703
Allowance for loan and lease losses		(1,299	)		(1,295	)		(1,272	)		(1,261	)		(1,293	)
Portfolio loans and leases, net		92,610			92,310			91,310			92,313			91,410
Bank premises and equipment		2,144			2,185			2,239			2,264			2,298
Operating lease equipment		756			738			707			680			670
Goodwill		2,416			2,416			2,416			2,416			2,416
Intangible assets		10			11			12			13			13
Servicing rights		621			685			785			757			854
Other assets		8,096			8,846			7,965			8,667			8,222
Total Assets	$	143,625		$	142,430		$	141,048		$	141,883		$	141,628
Liabilities
Deposits:
Demand	$	36,137		$	35,858		$	36,267		$	34,832		$	35,449
Interest checking		24,571			25,182			26,768			24,832			27,074
Savings		14,356			14,738			14,601			14,632			14,976
Money market		19,125			19,377			18,494			18,887			17,900
Foreign office		453			441			464			754			728
Other time		4,021			4,049			4,019			4,041			4,050
Certificates $100,000 and over		2,778			2,830			2,592			2,915			2,846
Other		430			—			—			—			—
Total deposits		101,871			102,475			103,205			100,893			103,023
Federal funds purchased		108			134			151			132			126
Other short-term borrowings		3,979			3,523			1,507			4,904			4,136
Accrued taxes, interest and expenses		2,187			2,011			2,164			1,990			1,858
Other liabilities		2,495			2,627			2,341			2,614			3,356
Long-term debt		16,231			15,305			15,810			15,492			13,491
Total Liabilities		126,871			126,075			125,178			126,025			125,990
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		2,754			2,686			2,666			2,659			2,632
Retained earnings		12,778			12,570			12,358			11,826			11,564
Accumulated other comprehensive income		889			684			197			522			291
Treasury stock		(3,077	)		(2,999	)		(2,764	)		(2,563	)		(2,264	)
Total Bancorp shareholders’ equity		16,726			16,323			15,839			15,826			15,605
Noncontrolling interests		28			32			31			32			33
Total Equity		16,754			16,355			15,870			15,858			15,638
Total Liabilities and Equity	$	143,625		$	142,430		$	141,048		$	141,883		$	141,628
(a) Amortized cost	$	30,101		$	28,838		$	28,678		$	27,986		$	27,483
(b) Market values		62			64			70			157			157
(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		766,346			770,471			785,080			795,439			810,054
Treasury		157,547			153,422			138,812			128,453			113,838

24

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Equity

$ in millions

(unaudited)

	For the Three Months Ended						Year to Date
	June			June			June			June
	2016			2015			2016			2015
Total equity, beginning	$	16,355		$	15,904		$	15,870		$	15,665
Net income attributable to Bancorp		333			315			660			676
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		194			(281	)		641			(148	)
Qualifying cash flow hedges		9			(18	)		48			6
Change in accumulated other comprehensive income related to employee benefit plans		2			2			3			4
Comprehensive income		538			18			1,352			538
Cash dividends declared:
Common stock		(100	)		(105	)		(201	)		(211	)
Preferred stock		(23	)		(23	)		(38	)		(38	)
Impact of stock transactions under stock compensation plans, net		14			6			39			26
Shares acquired for treasury		(26	)		(155	)		(265	)		(335	)
Noncontrolling interest		(4	)		(7	)		(3	)		(6	)
Other		—			—			—			(1	)
Total equity, ending	$	16,754		$	15,638		$	16,754		$	15,638

25

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended						% Change
	June		March		June
	2016		2016		2015		Seq		Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	43,878	$	43,127	$	42,554		2%		3%
Commercial mortgage loans		6,835		6,908		7,149		(1%)		(4%)
Commercial construction loans		3,551		3,297		2,549		8%		39%
Commercial leases		3,904		3,875		3,776		1%		3%
Residential mortgage loans		14,842		14,405		13,375		3%		11%
Home equity		8,059		8,241		8,655		(2%)		(7%)
Automobile loans		10,887		11,285		11,902		(4%)		(9%)
Credit card		2,198		2,277		2,296		(3%)		(4%)
Other consumer loans and leases		653		663		483		(2%)		35%
Taxable securities		30,002		29,619		27,344		1%		10%
Tax exempt securities		85		78		59		9%		44%
Other short-term investments		1,953		1,876		3,160		4%		(38%)
Total interest-earning assets		126,847		125,651		123,302		1%		3%
Cash and due from banks		2,228		2,335		2,636		(5%)		(15%)
Other assets		15,140		14,869		15,322		2%		(1%)
Allowance for loan and lease losses		(1,295)		(1,273)		(1,300)		2%		—
Total Assets	$	142,920	$	141,582	$	139,960		1%		2%
Liabilities
Interest-bearing liabilities:
Interest checking deposits	$	24,714	$	25,740	$	26,894		(4%)		(8%)
Savings deposits		14,576		14,601		15,156		—		(4%)
Money market deposits		19,243		18,655		18,071		3%		6%
Foreign office deposits		484		483		955		—		(49%)
Other time deposits		4,044		4,035		4,074		—		(1%)
Certificates $100,000 and over		2,819		2,815		2,558		—		10%
Other deposits		467		—		—		100%		100%
Federal funds purchased		693		608		326		14%		NM
Other short-term borrowings		3,754		3,564		1,705		5%		NM
Long-term debt		15,351		14,949		13,741		3%		12%
Total interest-bearing liabilities		86,145		85,450		83,480		1%		3%
Demand deposits		35,912		35,201		35,384		2%		1%
Other liabilities		4,247		4,524		5,215		(6%)		(19%)
Total Liabilities		126,304		125,175		124,079		1%		2%
Total Equity		16,616		16,407		15,881		1%		5%
Total Liabilities and Equity	$	142,920	$	141,582	$	139,960		1%		2%
	For the Three Months Ended						bps Change
Yield Analysis	June		March		June
	2016		2016		2015		Seq		Yr/Yr
Interest-earning assets:
Commercial and industrial loans(a)		3.25%		3.23%		3.14%		2		11
Commercial mortgage loans(a)		3.28%		3.27%		3.22%		1		6
Commercial construction loans(a)		3.36%		3.38%		3.17%		(2)		19
Commercial leases(a)		2.71%		2.77%		2.83%		(6)		(12)
Residential mortgage loans		3.57%		3.63%		3.69%		(6)		(12)
Home equity		3.81%		3.80%		3.66%		1		15
Automobile loans		2.68%		2.65%		2.65%		3		3
Credit card		10.47%		10.64%		10.33%		(17)		14
Other consumer loans and leases		6.36%		6.27%		8.49%		9		(213)
Total loans and leases		3.45%		3.46%		3.41%		(1)		4
Taxable securities		3.16%		3.14%		3.20%		2		(4)
Tax exempt securities(a)		4.09%		4.32%		4.82%		(23)		(73)
Other short-term investments		0.43%		0.42%		0.25%		1		18
Total interest-earning assets		3.34%		3.34%		3.28%		—		6
Interest-bearing liabilities:
Interest checking deposits		0.22%		0.23%		0.19%		(1)		3
Savings deposits		0.05%		0.04%		0.05%		1		—
Money market deposits		0.26%		0.25%		0.23%		1		3
Foreign office deposits		0.15%		0.15%		0.14%		—		1
Other time deposits		1.24%		1.22%		1.24%		2		—
Certificates $100,000 and over		1.29%		1.28%		1.24%		1		5
Other deposits		0.40%		0.00%		0.00%		40		40
Federal funds purchased		0.39%		0.36%		0.12%		3		27
Other short-term borrowings		0.36%		0.39%		0.12%		(3)		24
Long-term debt		2.36%		2.22%		2.04%		14		32
Total interest-bearing liabilities		0.67%		0.64%		0.56%		3		11
Ratios:
Net interest margin (taxable equivalent)		2.88%		2.91%		2.90%		(3)		(2)
Net interest rate spread (taxable equivalent)		2.67%		2.70%		2.72%		(3)		(5)
Interest-bearing liabilities to interest-earning assets		67.91%		68.01%		67.70%		(10)		21

(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
	June		June
	2016		2015		Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	43,503	$	42,011		4%
Commercial mortgage loans		6,871		7,198		(5%)
Commercial construction loans		3,424		2,375		44%
Commercial leases		3,889		3,746		4%
Residential mortgage loans		14,623		13,444		9%
Home equity		8,150		8,728		(7%)
Automobile loans		11,086		11,918		(7%)
Credit card		2,238		2,308		(3%)
Other consumer loans and leases		659		474		39%
Taxable securities		29,811		25,235		18%
Tax exempt securities		82		59		39%
Other short-term investments		1,915		4,511		(58%)
Total interest-earning assets		126,251		122,007		3%
Cash and due from banks		2,282		2,733		(17%)
Other assets		15,002		15,366		(2%)
Allowance for loan and lease losses		(1,284)		(1,311)		(2%)
Total Assets	$	142,251	$	138,795		2%
Liabilities
Interest-bearing liabilities:
Interest checking deposits	$	25,227	$	26,889		(6%)
Savings deposits		14,589		15,165		(4%)
Money market deposits		18,949		17,784		7%
Foreign office deposits		484		908		(47%)
Other time deposits		4,039		4,048		—
Certificates $100,000 and over		2,817		2,620		8%
Other deposits		234		—		100%
Federal funds purchased		651		249		NM
Other short-term borrowings		3,659		1,654		NM
Long-term debt		15,148		14,076		8%
Total interest-bearing liabilities		85,797		83,393		3%
Demand deposits		35,557		34,576		3%
Other liabilities		4,386		4,956		(12%)
Total Liabilities		125,740		122,925		2%
Total Equity		16,511		15,870		4%
Total Liabilities and Equity	$	142,251	$	138,795		2%
	Year to Date				bps Change
Yield Analysis	June		June
	2016		2015		Yr/Yr
Interest-earning assets:
Commercial and industrial loans(a)		3.24%		3.15%		9
Commercial mortgage loans(a)		3.28%		3.25%		3
Commercial construction loans(a)		3.37%		3.20%		17
Commercial leases(a)		2.74%		2.87%		(13)
Residential mortgage loans		3.60%		3.76%		(16)
Home equity		3.80%		3.66%		14
Automobile loans		2.66%		2.67%		(1)
Credit card		10.56%		10.28%		28
Other consumer loans and leases		6.31%		9.61%		(330)
Total loans and leases		3.46%		3.43%		3
Taxable securities		3.15%		3.25%		(10)
Tax exempt securities(a)		4.20%		5.03%		(83)
Other short-term investments		0.42%		0.25%		17
Total interest-earning assets		3.34%		3.28%		6
Interest-bearing liabilities:
Interest checking deposits		0.23%		0.20%		3
Savings deposits		0.05%		0.06%		(1)
Money market deposits		0.25%		0.28%		(3)
Foreign office deposits		0.15%		0.17%		(2)
Other time deposits		1.23%		1.20%		3
Certificates $100,000 and over		1.29%		1.20%		9
Other deposits		0.40%		0.00%		40
Federal funds purchased		0.37%		0.11%		26
Other short-term borrowings		0.37%		0.11%		26
Long-term debt		2.29%		2.04%		25
Total interest-bearing liabilities		0.66%		0.58%		8
Ratios:
Net interest margin (taxable equivalent)		2.89%		2.88%		1
Net interest rate spread (taxable equivalent)		2.68%		2.70%		(2)
Interest-bearing liabilities to interest-earning assets		67.96%		68.35%		(39)

(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
	June		March		December		September		June
	2016		2016		2015		2015		2015
Assets
Interest-earning assets:
Commercial and industrial loans	$	43,878	$	43,127	$	43,175	$	43,162	$	42,554
Commercial mortgage loans		6,835		6,908		7,053		7,038		7,149
Commercial construction loans		3,551		3,297		3,141		2,966		2,549
Commercial leases		3,904		3,875		3,841		3,847		3,776
Residential mortgage loans		14,842		14,405		14,315		13,976		13,375
Home equity		8,059		8,241		8,394		8,521		8,655
Automobile loans		10,887		11,285		11,674		11,881		11,902
Credit card		2,198		2,277		2,320		2,277		2,296
Other consumer loans and leases		653		663		674		661		483
Taxable securities		30,002		29,619		28,951		28,251		27,344
Tax exempt securities		85		78		52		52		59
Other short-term investments		1,953		1,876		2,253		1,799		3,160
Total interest-earning assets		126,847		125,651		125,843		124,431		123,302
Cash and due from banks		2,228		2,335		2,466		2,503		2,636
Other assets		15,140		14,869		14,925		15,064		15,322
Allowance for loan and lease losses		(1,295)		(1,273)		(1,261)		(1,292)		(1,300)
Total Assets	$	142,920	$	141,582	$	141,973	$	140,706	$	139,960
Liabilities
Interest-bearing liabilities:
Interest checking deposits	$	24,714	$	25,740	$	25,296	$	25,590	$	26,894
Savings deposits		14,576		14,601		14,615		14,868		15,156
Money market deposits		19,243		18,655		18,775		18,253		18,071
Foreign office deposits		484		483		736		718		955
Other time deposits		4,044		4,035		4,052		4,057		4,074
Certificates $100,000 and over		2,819		2,815		3,305		2,924		2,558
Other deposits		467		—		7		222		—
Federal funds purchased		693		608		1,182		1,978		326
Other short-term borrowings		3,754		3,564		1,675		1,897		1,705
Long-term debt		15,351		14,949		15,738		14,664		13,741
Total interest-bearing liabilities		86,145		85,450		85,381		85,171		83,480
Demand deposits		35,912		35,201		36,254		35,231		35,384
Other liabilities		4,247		4,524		4,325		4,458		5,215
Total Liabilities		126,304		125,175		125,960		124,860		124,079
Total Equity		16,616		16,407		16,013		15,846		15,881
Total Liabilities and Equity	$	142,920	$	141,582	$	141,973	$	140,706	$	139,960
Yield Analysis
Interest-earning assets:
Commercial and industrial loans(a)		3.25%		3.23%		3.12%		3.11%		3.14%
Commercial mortgage loans(a)		3.28%		3.27%		3.11%		3.17%		3.22%
Commercial construction loans(a)		3.36%		3.38%		3.18%		3.13%		3.17%
Commercial leases(a)		2.71%		2.77%		2.68%		2.72%		2.83%
Residential mortgage loans		3.57%		3.63%		3.62%		3.63%		3.69%
Home equity		3.81%		3.80%		3.57%		3.61%		3.66%
Automobile loans		2.68%		2.65%		2.67%		2.62%		2.65%
Credit card		10.47%		10.64%		10.17%		10.38%		10.33%
Other consumer loans and leases		6.36%		6.27%		6.95%		6.81%		8.49%
Total loans and leases		3.45%		3.46%		3.36%		3.36%		3.41%
Taxable securities		3.16%		3.14%		3.16%		3.23%		3.20%
Tax exempt securities(a)		4.09%		4.32%		5.69%		5.20%		4.82%
Other short-term investments		0.43%		0.42%		0.28%		0.23%		0.25%
Total interest-earning assets		3.34%		3.34%		3.26%		3.29%		3.28%
Interest-bearing liabilities:
Interest checking deposits		0.22%		0.23%		0.19%		0.18%		0.19%
Savings deposits		0.05%		0.04%		0.05%		0.05%		0.05%
Money market deposits		0.26%		0.25%		0.22%		0.21%		0.23%
Foreign office deposits		0.15%		0.15%		0.14%		0.14%		0.14%
Other time deposits		1.24%		1.22%		1.20%		1.19%		1.24%
Certificates $100,000 and over		1.29%		1.28%		1.09%		1.16%		1.24%
Other deposits		0.40%		0.00%		0.09%		0.16%		0.00%
Federal funds purchased		0.39%		0.36%		0.12%		0.14%		0.12%
Other short-term borrowings		0.36%		0.39%		0.12%		0.13%		0.12%
Long-term debt		2.36%		2.22%		2.12%		2.16%		2.04%
Total interest-bearing liabilities		0.67%		0.64%		0.61%		0.58%		0.56%
Ratios:
Net interest margin (taxable equivalent)		2.88%		2.91%		2.85%		2.89%		2.90%
Net interest rate spread (taxable equivalent)		2.67%		2.70%		2.65%		2.71%		2.72%
Interest-bearing liabilities to interest-earning assets		67.91%		68.01%		67.85%		68.45%		67.70%

(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
	June		March		December		September		June
	2016		2016		2015		2015		2015
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$	43,876	$	43,089	$	43,154	$	43,149	$	42,550
Commercial mortgage loans		6,831		6,886		7,032		7,023		7,148
Commercial construction loans		3,551		3,297		3,141		2,965		2,549
Commercial leases		3,898		3,874		3,839		3,846		3,776
Total commercial loans and leases		58,156		57,146		57,166		56,983		56,023
Consumer loans and leases:
Residential mortgage loans		14,046		13,788		13,504		13,144		12,831
Home equity		8,054		8,217		8,360		8,479		8,654
Automobile loans		10,887		11,283		11,670		11,877		11,902
Credit card		2,134		2,179		2,218		2,277		2,296
Other consumer loans and leases		654		662		676		613		467
Total consumer loans and leases		35,775		36,129		36,428		36,390		36,150
Total average portfolio loans and leases	$	93,931	$	93,275	$	93,594	$	93,373	$	92,173
Average loans held for sale	$	876	$	803	$	993	$	956	$	566
End of Period Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$	43,558	$	43,433	$	42,131	$	42,948	$	42,800
Commercial mortgage loans		6,875		6,864		6,957		7,061		7,150
Commercial construction loans		3,706		3,428		3,214		3,101		2,709
Commercial leases		3,978		3,956		3,854		3,898		3,881
Total commercial loans and leases		58,117		57,681		56,156		57,008		56,540
Consumer loans and leases:
Residential mortgage loans		14,307		13,895		13,716		13,392		12,933
Home equity		7,988		8,112		8,301		8,427		8,547
Automobile loans		10,671		11,128		11,493		11,826		11,909
Credit card		2,172		2,138		2,259		2,229		2,278
Other consumer loans and leases		654		651		657		692		496
Total consumer loans and leases		35,792		35,924		36,426		36,566		36,163
Total portfolio loans and leases	$	93,909	$	93,605	$	92,582	$	93,574	$	92,703
Total loans held for sale	$	877	$	803	$	903	$	994	$	995
Operating lease equipment	$	756	$	738	$	707	$	680	$	670
Loans and Leases Serviced for Others:(a)
Commercial and industrial loans	$	567	$	552	$	588	$	589	$	594
Commercial mortgage loans		229		231		239		260		266
Commercial construction loans		24		26		27		26		25
Commercial leases		282		262		256		252		260
Residential mortgage loans		56,170		57,758		59,024		60,301		61,727
Automobile loans		83		102		122		146		174
Total loans and leases serviced for others		57,355		58,931		60,256		61,574		63,046
Total loans and leases serviced	$	152,897	$	154,077	$	154,448	$	156,822	$	157,414

(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
	As of
	June			March			December			September			June
	2016(a)			2016			2015			2015			2015
Regulatory capital:
Common stock and related surplus (net of treasury stock)	$	1,728		$	1,738		$	1,953		$	2,147		$	2,419
Retained earnings		12,778			12,570			12,358			11,826			11,564
Common equity tier I capital adjustments and deductions		(2,394	)		(2,394	)		(2,394	)		(2,399	)		(2,401	)
CET1 capital		12,112			11,914			11,917			11,574			11,582
Additional tier I capital		1,331			1,330			1,343			1,340			1,340
Tier I capital		13,443			13,244			13,260			12,914			12,922
Tier II capital		4,414			4,553			3,874			3,935			3,909
Total regulatory capital	$	17,857		$	17,797		$	17,134		$	16,849		$	16,831
Risk-weighted assets(b)	$	121,824		$	121,432		$	121,290		$	123,148		$	122,986
Ratios:
Average shareholders’ equity to average assets		11.60	%		11.57	%		11.26	%		11.24	%		11.32	%
Regulatory capital ratios:
	Basel III
	Transitional
Fifth Third Bancorp
CET1 capital(b)		9.94	%		9.81	%		9.82	%		9.40	%		9.42	%
Tier I risk-based capital(b)		11.03	%		10.91	%		10.93	%		10.49	%		10.51	%
Total risk-based capital(b)		14.66	%		14.66	%		14.13	%		13.68	%		13.69	%
Tier I leverage		9.64	%		9.57	%		9.54	%		9.38	%		9.44	%
CET1 capital (fully phased-in)(b)(c)		9.86	%		9.72	%		9.72	%		9.30	%		9.31	%
Fifth Third Bank
Tier I risk-based capital(b)		11.83	%		11.79	%		11.92	%		11.39	%		11.25	%
Total risk-based capital(b)		13.67	%		13.63	%		13.12	%		12.55	%		12.44	%
Tier I leverage		10.37	%		10.39	%		10.43	%		10.21	%		10.14	%

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

30

Fifth Third Bancorp and Subsidiaries

Summary of Credit Loss Experience

$ in millions

(unaudited)

	For the Three Months Ended
	June 2016		March 2016		December 2015		September 2015		June 2015
Average portfolio loans and leases:
Commercial and industrial loans	$	43,876	$	43,089	$	43,154	$	43,149	$	42,550
Commercial mortgage loans		6,831		6,886		7,032		7,023		7,148
Commercial construction loans		3,551		3,297		3,141		2,965		2,549
Commercial leases		3,898		3,874		3,839		3,846		3,776
Residential mortgage loans		14,046		13,788		13,504		13,144		12,831
Home equity		8,054		8,217		8,360		8,479		8,654
Automobile loans		10,887		11,283		11,670		11,877		11,902
Credit card		2,134		2,179		2,218		2,277		2,296
Other consumer loans and leases		654		662		676		613		467
Total average portfolio loans and leases	$	93,931	$	93,275	$	93,594	$	93,373	$	92,173
Losses charged-off:
Commercial and industrial loans	($	43)	($	50)	($	38)	($	133)	($	40)
Commercial mortgage loans		(7)		(8)		(7)		(13)		(14)
Commercial construction loans		—		—		—		(3)		—
Commercial leases		(1)		(2)		(1)		—		—
Residential mortgage loans		(5)		(4)		(5)		(6)		(8)
Home equity		(10)		(11)		(13)		(13)		(13)
Automobile loans		(12)		(14)		(13)		(11)		(9)
Credit card		(23)		(23)		(22)		(24)		(24)
Other consumer loans and leases		(4)		(4)		(6)		(6)		(4)
Total losses charged-off	($	105)	($	116)	($	105)	($	209)	($	112)
Recoveries of losses previously charged-off:
Commercial and industrial loans	$	4	$	4	$	8	$	5	$	6
Commercial mortgage loans		1		2		4		2		3
Commercial construction loans		—		—		—		—		—
Commercial leases		—		—		—		—		—
Residential mortgage loans		3		2		2		3		3
Home equity		4		3		4		4		4
Automobile loans		4		5		4		4		5
Credit card		2		3		3		3		3
Other consumer loans and leases		—		1		—		—		2
Total recoveries of losses previously charged-off	$	18	$	20	$	25	$	21	$	26
Net losses charged-off:
Commercial and industrial loans	($	39)	($	46)	($	30)	($	128)	($	34)
Commercial mortgage loans		(6)		(6)		(3)		(11)		(11)
Commercial construction loans		—		—		—		(3)		—
Commercial leases		(1)		(2)		(1)		—		—
Residential mortgage loans		(2)		(2)		(3)		(3)		(5)
Home equity		(6)		(8)		(9)		(9)		(9)
Automobile loans		(8)		(9)		(9)		(7)		(4)
Credit card		(21)		(20)		(19)		(21)		(21)
Other consumer loans and leases		(4)		(3)		(6)		(6)		(2)
Total net losses charged-off	($	87)	($	96)	($	80)	($	188)	($	86)
Net losses charged-off as a percent of average portfolio loans and leases:
Commercial and industrial loans		0.36%		0.43%		0.28%		1.17%		0.32%
Commercial mortgage loans		0.38%		0.35%		0.19%		0.66%		0.62%
Commercial construction loans		0.00%		(0.06%)		0.00%		0.43%		0.00%
Commercial leases		0.09%		0.20%		0.15%		0.00%		(0.01%)
Residential mortgage loans		0.06%		0.07%		0.08%		0.10%		0.16%
Home equity		0.30%		0.36%		0.39%		0.42%		0.41%
Automobile loans		0.26%		0.32%		0.31%		0.23%		0.14%
Credit card		3.92%		3.73%		3.40%		3.77%		3.62%
Other consumer loans and leases		2.42%		2.28%		3.10%		3.52%		2.45%
Total net losses charged-off as a percent of average portfolio loans and leases		0.37%		0.42%		0.34%		0.80%		0.37%

31

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	June		March		December		September		June
	2016		2016		2015		2015		2015
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	1,295	$	1,272	$	1,261	$	1,293	$	1,300
Total net losses charged-off		(87)		(96)		(80)		(188)		(86)
Provision for loan and lease losses		91		119		91		156		79
Allowance for loan and lease losses, ending	$	1,299	$	1,295	$	1,272	$	1,261	$	1,293
Reserve for unfunded commitments, beginning	$	144	$	138	$	134	$	132	$	130
Provision for unfunded commitments		7		6		4		2		2
Reserve for unfunded commitments, ending	$	151	$	144	$	138	$	134	$	132
Components of allowance for credit losses:
Allowance for loan and lease losses	$	1,299	$	1,295	$	1,272	$	1,261	$	1,293
Reserve for unfunded commitments		151		144		138		134		132
Total allowance for credit losses	$	1,450	$	1,439	$	1,410	$	1,395	$	1,425
	As of
	June		March		December		September		June
	2016		2016		2015		2015		2015
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	254	$	278	$	82	$	47	$	61
Commercial mortgage loans		39		51		56		60		49
Commercial construction loans		—		—		—		—		—
Commercial leases		4		4		—		2		2
Residential mortgage loans		27		25		28		31		35
Home equity		61		61		62		65		70
Total nonaccrual portfolio loans and leases (excludes restructured loans)		385		419		228		205		217
Nonaccrual restructured portfolio commercial loans and leases		242		210		203		177		175
Nonaccrual restructured portfolio consumer loans and leases		66		72		75		76		83
Total nonaccrual portfolio loans and leases		693		701		506		458		475
Repossessed property		15		17		18		17		16
OREO		97		107		123		131		135
Total nonperforming portfolio assets		805		825		647		606		626
Nonaccrual loans held for sale		20		3		1		1		1
Nonaccrual restructured loans held for sale		—		2		11		1		—
Total nonperforming assets	$	825	$	830	$	659	$	608	$	627
Restructured portfolio consumer loans and leases (accrual)	$	982	$	998	$	979	$	973	$	970
Restructured portfolio commercial loans and leases (accrual)	$	431	$	461	$	491	$	571	$	769
90 days past due loans and leases:
Commercial and industrial loans	$	2	$	3	$	7	$	3	$	2
Commercial mortgage loans		—		—		—		2		—
Commercial construction loans		—		—		—		—		—
Commercial leases		—		—		—		—		—
Total commercial loans and leases		2		3		7		5		2
Residential mortgage loans		38		44		40		40		43
Home equity		—		—		—		—		—
Automobile loans		7		8		10		8		8
Credit card		18		18		18		17		17
Other consumer loans and leases		—		—		—		—		—
Total consumer loans and leases		63		70		68		65		68
Total 90 days past due loans and leases(b)	$	65	$	73	$	75	$	70	$	70
Ratios
Net losses charged-off as a percent of average portfolio loans and leases		0.37%		0.42%		0.34%		0.80%		0.37%
Allowance for loan and lease losses:
As a percent of portfolio loans and leases		1.38%		1.38%		1.37%		1.35%		1.39%
As a percent of nonperforming loans and leases(a)		188%		185%		252%		275%		272%
As a percent of nonperforming assets(a)		161%		157%		197%		208%		206%
Nonperforming loans and leases as a percent of portfolio loans and leases and OREO(a)		0.74%		0.75%		0.55%		0.49%		0.51%
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(a)		0.86%		0.88%		0.70%		0.65%		0.67%
Nonperforming assets as a percent of total loans, leases and other assets, including OREO		0.87%		0.88%		0.70%		0.64%		0.67%
Allowance for credit losses as a percent of nonperforming assets		180%		174%		218%		230%		228%

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

(b) Does not include loans held for sale.

32

Use of Non-GAAP Financial Measures

In addition to GAAP measures, management considers various Non-GAAP measures when evaluating the performance of the business, including : “pre-provision net revenue,” “noninterest income excluding certain items,” “tangible net income available to common shareholders,” “average tangible common equity,” “tangible equity,” and “Common Equity Tier 1,” and certain ratios derived from these measures.

Pre-provision net revenue is defined as net interest income plus noninterest income minus noninterest expense. Management believes this measure is important because it provides a ready view of pre-tax earnings before the impact of provision expense. Noninterest income excluding certain items is provided by management to assist the reader in indentifying significant, unusual, or large transactions that impacted noninterest income.

Management considers various measures when evaluating capital utilization and adequacy, including the tangible equity ratio and tangible common equity ratio, in addition to capital ratios defined by the U.S. banking agencies. These calculations are intended to complement the capital ratios defined by the U.S. banking agencies for both absolute and comparative purposes. Because U.S. GAAP does not include capital ratio measures, the Bancorp believes there are no comparable U.S. GAAP financial measures to these ratios. These ratios are not formally defined by U.S. GAAP or codified in the federal banking regulations and, therefore, are considered to be Non-GAAP financial measures.

Management believes return on average tangible common equity is an important measure for comparative purposes with other financial institutions because it calculates the return available to common shareholders without the impact of intangible assets and their related amortization. This is useful for evaluating the performance of a business consistently, whether acquired or developed internally.

The Bancorp became subject to the Basel III Final Rule on January 1, 2015 which defined various regulatory capital ratios including the Common Equity Tier 1 (“CET1”) ratio. The CET1 capital ratio has transition provisions that will be phased out over time. CET1 capital ratio is presented on a fully phased-in basis for comparative purposes with other organizations. The Bancorp considers the fully phased-in CET1 ratio a Non-GAAP measure since it is not the CET1 ratio in effect for the periods presented. Since analysts and the U.S. banking agencies may assess the Bancorp’s capital adequacy using these ratios, management believes they are useful to provide investors the ability to assess its capital adequacy on the same basis.

Please note that although Non-GAAP financial measures provide useful insight, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures.

Please see page 34 for Reg. G reconciliations of all Non-GAAP measures used in this release to the most directly comparable GAAP measures.

33

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ and shares in millions

(unaudited)

		For the Three Months Ended
		June 2016		March 2016		December 2015		September 2015		June 2015
Net interest income (U.S. GAAP)		$	902	$	903	$	899	$	901	$	887
Add:	Noninterest income		599		637		1,104		713		556
Less:	Noninterest expense		(983)		(986)		(963)		(943)		(947)
Pre-provision net revenue			518		554		1,040		671		496
Net income available to common shareholders (U.S. GAAP)			310		312		634		366		292
Add:	Intangible amortization, net of tax		—		—		—		—		—
Tangible net income available to common shareholders			310		312		634		366		292
Tangible net income available to common shareholders (annualized) (a)			1,247		1,255		2,515		1,452		1,171
Average Bancorp shareholders’ equity (U.S. GAAP)			16,584		16,376		15,982		15,815		15,841
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		(11)		(12)		(13)		(14)		(15)
Average tangible common equity (b)			12,826		12,617		12,222		12,054		12,079
Total Bancorp shareholders’ equity (U.S. GAAP)			16,726		16,323		15,839		15,826		15,605
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		(11)		(12)		(13)		(13)		(14)
Tangible common equity, including unrealized gains / losses (c)			12,968		12,564		12,079		12,066		11,844
Less:	Accumulated other comprehensive income		(889)		(684)		(197)		(522)		(291)
Tangible common equity, excluding unrealized gains / losses (d)			12,079		11,880		11,882		11,544		11,553
Add:	Preferred stock		1,331		1,331		1,331		1,331		1,331
Tangible equity (e)			13,410		13,211		13,213		12,875		12,884
Total assets (U.S. GAAP)			143,625		142,430		141,048		141,883		141,628
Less:	Goodwill		(2,416)		(2,416)		(2,416)		(2,416)		(2,416)
	Intangible assets and other servicing rights		(11)		(12)		(13)		(13)		(14)
Tangible assets, including unrealized gains / losses (f)			141,198		140,002		138,619		139,454		139,198
Less:	Accumulated other comprehensive income / loss, before tax		(1,368)		(1,052)		(303)		(803)		(448)
Tangible assets, excluding unrealized gains / losses (g)		$	139,830	$	138,950	$	138,316		138,651		138,750
Common shares outstanding (h)			766		770		785		795		810
		Basel III
		Transitional
Risk-weighted assets (actual) (i) (1)		$	121,824	$	121,432	$	121,290	$	123,148	$	122,986
Ratios:
Return on average tangible common equity (a) / (b)			9.7%		9.9%		20.6%		12.0%		9.7%
Tangible equity (e) / (g)			9.59%		9.51%		9.55%		9.29%		9.29%
Tangible common equity (excluding unrealized gains/losses) (d) / (g)			8.64%		8.55%		8.59%		8.33%		8.33%
Tangible common equity (including unrealized gains/losses) (c) / (f)			9.18%		8.97%		8.71%		8.65%		8.51%
Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (d) / (i)			9.92%		9.78%		9.80%		9.37%		9.39%
Tangible book value per share (c) / (h)		$	16.93	$	16.32	$	15.39	$	15.18	$	14.62
Basel III Final Rule - Transition to fully phased-in
		June 2016		March 2016		December 2015		September 2015		June 2015
CET1 capital (transitional)		$	12,112	$	11,914	$	11,917	$	11,574	$	11,582
Less: Adjustments to CET1 capital from transitional to fully phased-in (2)			(4)		(5)		(8)		(11)		(12)
CET1 capital (fully phased-in) (j)			12,108		11,909		11,909		11,563		11,570
Risk-weighted assets (transitional)			121,824		121,432		121,290		123,148		122,986
Add: Adjustments to risk-weighted assets from transitional to fully phased-in (3)			932		1,027		1,178		1,136		1,280
Risk-weighted assets (fully phased-in) (k)		$	122,756	$	122,459	$	122,468	$	124,284	$	124,266
Estimated CET1 capital ratio under Basel III Final Rule (fully phased-in) (j)/(k)			9.86%		9.72%		9.72%		9.30%		9.31%

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

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

34

Fifth Third Bancorp and Subsidiaries

Segment Presentation

$ in millions

(unaudited)

For the three months ended June 30, 2016	Commercial Banking		Branch Banking(c)		Consumer Lending(d)		Wealth and Asset Management		Other/ Eliminations		Total
Net interest income(a)	$	466	$	433	$	62	$	44	($	97)	$	908
Provision for loan and lease losses		(72)		(35)		(9)		(1)		26		(91)
Net interest income after provision for loan and lease losses		394		398		53		43		(71)		817
Total noninterest income		236		214		80		100		(31)		599
Total noninterest expense		(355)		(409)		(122)		(108)		11		(983)
Income (loss) before income taxes		275		203		11		35		(91)		433
Applicable income tax expense(a)		(49)		(71)		(4)		(12)		32		(104)
Net income (loss)		226		132		7		23		(59)		329
Less: Net income attributable to noncontrolling interests		—		—		—		—		(4)		(4)
Net income (loss) attributable to Bancorp		226		132		7		23		(55)		333
Dividends on preferred stock		—		—		—		—		23		23
Net income (loss) available to common shareholders	$	226	$	132	$	7	$	23	($	78)	$	310
For the three months ended March 31, 2016	Commercial Banking		Branch Banking(c)		Consumer Lending(d)		Wealth and Asset Management		Other/ Eliminations		Total
Net interest income(a)	$	457	$	426	$	60	$	43	($	77)	$	909
Provision for loan and lease losses		(65)		(34)		(12)		—		(8)		(119)
Net interest income after provision for loan and lease losses		392		392		48		43		(85)		790
Total noninterest income		223		189		83		100		42		637
Total noninterest expense		(363)		(411)		(118)		(107)		13		(986)
Income (loss) before income taxes		252		170		13		36		(30)		441
Applicable income tax expense(a)		(41)		(60)		(5)		(13)		5		(114)
Net income (loss)		211		110		8		23		(25)		327
Less: Net income attributable to noncontrolling interests		—		—		—		—		—		—
Net income (loss) attributable to Bancorp		211		110		8		23		(25)		327
Dividends on preferred stock		—		—		—		—		15		15
Net income (loss) available to common shareholders	$	211	$	110	$	8	$	23	($	40)	$	312
For the three months ended December 31, 2015(b)	Commercial Banking		Branch Banking(c)		Consumer Lending(d)		Wealth and Asset Management		Other/ Eliminations		Total
Net interest income(a)	$	425	$	406	$	63	$	37	($	27)	$	904
Provision for loan and lease losses		(27)		(35)		(11)		—		(18)		(91)
Net interest income after provision for loan and lease losses		398		371		52		37		(45)		813
Total noninterest income		223		186		80		101		514		1,104
Total noninterest expense		(338)		(393)		(116)		(112)		(4)		(963)
Income before income taxes		283		164		16		26		465		954
Applicable income tax expense(a)		(55)		(57)		(6)		(9)		(170)		(297)
Net income		228		107		10		17		295		657
Less: Net income attributable to noncontrolling interests		—		—		—		—		—		—
Net income attributable to Bancorp		228		107		10		17		295		657
Dividends on preferred stock		—		—		—		—		23		23
Net income available to common shareholders	$	228	$	107	$	10	$	17	$	272	$	634
For the three months ended September 30, 2015(b)	Commercial Banking		Branch Banking(c)		Consumer Lending(d)		Wealth and Asset Management		Other/ Eliminations		Total
Net interest income(a)	$	418	$	395	$	62	$	33	($	2)	$	906
Provision for loan and lease losses		(195)		(37)		(11)		—		87		(156)
Net interest income after provision for loan and lease losses		223		358		51		33		85		750
Total noninterest income		228		197		76		102		110		713
Total noninterest expense		(334)		(404)		(107)		(112)		14		(943)
Income before income taxes		117		151		20		23		209		520
Applicable income tax expense(a)		4		(53)		(7)		(9)		(74)		(139)
Net income		121		98		13		14		135		381
Less: Net income attributable to noncontrolling interests		—		—		—		—		—		—
Net income attributable to Bancorp		121		98		13		14		135		381
Dividends on preferred stock		—		—		—		—		15		15
Net income available to common shareholders	$	121	$	98	$	13	$	14	$	120	$	366
For the three months ended June 30, 2015(b)	Commercial Banking		Branch Banking(c)		Consumer Lending(d)		Wealth and Asset Management		Other/ Eliminations		Total
Net interest income(a)	$	407	$	376	$	63	$	29	$	17	$	892
Provision for loan and lease losses		(37)		(36)		(8)		(1)		3		(79)
Net interest income after provision for loan and lease losses		370		340		55		28		20		813
Total noninterest income		232		94		122		103		5		556
Total noninterest expense		(348)		(404)		(113)		(115)		33		(947)
Income before income taxes		254		30		64		16		58		422
Applicable income tax expense(a)		(43)		(11)		(23)		(6)		(30)		(113)
Net income		211		19		41		10		28		309
Less: Net income attributable to noncontrolling interests		—		—		—		—		(6)		(6)
Net income attributable to Bancorp		211		19		41		10		34		315
Dividends on preferred stock		—		—		—		—		23		23
Net income available to common shareholders	$	211	$	19	$	41	$	10	$	11	$	292

(a) Includes taxable equivalent adjustments of $6 million for the three months ended June 30, 2016 and March 31, 2016 and $5 million for the three months ended December 31, 2015, September 30, 2015 and June 30, 2015.

(b) Prior period balances have been adjusted to reflect changes in internal allocation methodologies.

(c) Branch Banking provides a full range of deposit and loan and lease products to individuals and small businesses through full-service banking centers.

(d) Consumer Lending includes the Bancorp’s residential mortgage, home equity, automobile and other indirect lending activities.

35

EX-99.2

2Q16 Earnings Presentation

July 28, 2016

Refer to earnings release dated July 28, 2016 for further information.

Exhibit 99.2

© Fifth Third Bank | All Rights Reserved

2

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 become known during the company’s quarterly closing

process or as a result of subsequent events that could affect the accuracy of the statements and 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 or real estate market conditions,

either nationally or in the states in which Fifth Third, one or more acquired entities and/or the combined company do business, weaken or 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

(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.

.

© Fifth Third Bank | All Rights Reserved

3

•

Stable NII and NIM; continued benefit from steady

and cautious interest rate risk management

strategy

•

Solid noninterest income growth despite market

volatility

•

Adjusted

1

: up 4% sequentially

•

Strong corporate banking activity

•

Tightly controlled operational expenses

•

Reported noninterest expenses down $3 million

sequentially

•

Adjusted

1

expenses flat sequentially

•

Strategic investments on-track

•

Credit conditions benign overall and in-line with

expectations

Second Quarter 2016 Highlights

Earnings Per

Share

Reported $0.40

Included ($0.01) negative impact

from certain items 

Net Income to

Common

$310 million

LCR

110%

1

Non-GAAP

measure:

see

Reg

G

reconciliation

on

page

23

of

this

presentation

and

use

of

non-GAAP

measures

on

page

33

of

the

earnings

release

2

See page 4 of this presentation for impact of certain items

© Fifth Third Bank | All Rights Reserved

2

4

2Q16 in review

Significant pre-tax items in 2Q16 results

($0.01

negative

after-tax

EPS

impact):

—

$50MM pre-tax (~$33MM after-tax) charge

related to the Visa total return swap

—

$19MM pre-tax (~$12MM after-tax) positive

valuation

adjustment

on

the

Vantiv

warrant

—

$11MM pre-tax (~$7MM after-tax) gain on

sale of Pennsylvania branches

—

$11MM pre-tax (~$7MM after-tax) gain on

sale of the agented bankcard loan portfolio

—

$9MM pre-tax (~$6MM after-tax) expense

due to retirement eligibility changes

Core businesses showed solid results given

challenging market conditions

—

Strong corporate banking activity offset

market volatility

—

Mortgage origination volumes up 53% QoQ

Credit trends

—

NCO

ratio

of

37

bps;

flat

YoY

and

5

bps

decrease QoQ

—

NPA ratio of 86 bps; down 2 bps

sequentially 

($ in millions)

2Q16

Seq.

YOY

Average Balances

Total loans & leases

$93,931

1%

2%

Core deposits

$98,973

-

(2%)

Income Statement Data

Net interest income (taxable equivalent)

$908

-

2%

Provision for loan and lease losses

91

(24%)

15%

Noninterest income

599

(6%)

8%

Noninterest expense

983

-

4%

Net income attributable to Bancorp

$333

2%

6%

Net income available to common

shareholders

$310

(1%)

6%

Financial Ratios

Earnings per share, diluted

0.40

-

11%

Net interest margin

2.88%

(3bps)

(2bps)

Efficiency ratio

65.3%

150bps

(10bps)

Return on average assets

0.94%

1bps

4bps

Return on average common equity

8.2%

(10bps)

10bps

Return on average tangible common equity

9.7%

(20bps)

-

Tangible book value per share

$   16.93

4%

16%

© Fifth Third Bank | All Rights Reserved

1

2

2

1

Excludes loans held-for-sale

Non-GAAP

measure:

see

Reg

G

reconciliation

on

page

22

of

this

presentation

and

use

of

non-GAAP

measures

on

page

33

of

the

earnings

release

2

5

Balance sheet

HFI Loan balances ($B)

•

Average commercial loans up 2%

sequentially; up 4% year-over-year

–

C&I up 2%, CRE up 2% sequentially

–

C&I up 3%, CRE up 7% YoY

•

Average consumer loans down 1%

sequentially; down 1% year-over-year

–

Automobile loans decreased 4%

sequentially and 9% YoY

•

Average transaction deposits up $249MM

sequentially, driven by higher demand &

money market deposits, partially offset by

lower interest checking

–

Excl. St. Louis and Pennsylvania

deposits sold, core deposits up 1%

sequentially

•

Average loan to core deposit ratio of 95%

•

LCR of 110% at 2Q16

Average core deposit balances ($B)

$99.0

$100.5

Average securities and short-term

investments ($B)

•

Average securities up $2.7B year-over-

year driven by:

–

LCR requirement additions

–

Positioning to maintain steady and

cautious interest rate risk strategy

•

Average securities portfolio / total

assets of 21.1% compared to 19.6% in

2Q15

$31.3

$31.6

$30.6

$30.1

Note: Numbers may not sum due to rounding.

$32.0

Outlook: 2% FY 2016 loan growth (ex. HFS)

Continuing to maintain pricing discipline

© Fifth Third Bank | All Rights Reserved

$92.2

$93.4

$93.6

$93.3

$93.9

70

75

80

85

90

95

2Q15

3Q15

4Q15

1Q16

2Q16

$96.5

$94.7

$95.7

$94.7

$94.9

92%

95%

94%

94%

95%

80%

85%

90%

95%

100%

65

70

75

80

85

90

95

100

2Q15

3Q15

4Q15

1Q16

2Q16

Transaction deposits

Other time deposits

Loan to core deposit ratio

$27.4

$28.3

$29.0

$29.7

$30.1

0

5

10

15

20

25

30

35

2Q15

3Q15

4Q15

1Q16

2Q16

Average securities

Short-term investments

6

•

Sequential comparisons:

–

NII & NIM decrease impacted by the full quarter impact of $750 million unsecured senior debt and $750 million

subordinated debt ($1.5B total) issued in 1Q16

–

Decline in NII also the result of lower average consumer loan balances, partially offset from growth in commercial

loans and securities

•

Year-over-year comparisons:

–

NII increase from higher investment securities and loan balances, as well as short-term market rate improvements

from the Dec 2015 Fed funds rate increase

–

NIM decrease driven by increased long-term debt balances, lower commercial loan yields, and reduced cash flow

hedges, partially offset by lower cash balances held at the Fed and Dec 2015 Fed funds rate increase

Net interest income

NII and NIM (FTE)

Outlook: FY NII up 2% and NIM down 2 -

3 bps from 2015; Q3 NIM to decline 2 -

4 bps, driven by higher

wholesale funding costs and day count

Now assumes no rate increases in 2016

© Fifth Third Bank | All Rights Reserved

$892

$906

$904

$909

$908

2.90%

2.89%

2.85%

2.91%

2.88%

$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%

2Q15

3Q15

4Q15

1Q16

2Q16

Net Interest Income ($MM)

NIM

7

Outlook: 5% annual fee growth

Noninterest income

$637

$591

$623

$578

$602

$556

$713

$1,104

$637

$599

$0

$200

$400

$600

$800

$1,000

2Q15

3Q15

4Q15

1Q16

2Q16

Adjusted noninterest income

Reported noninterest income

Noninterest Income ($MM)

•

Sequentially, adjusted noninterest income up $24 million, or 4 percent, primarily due to increases in:

–

Corporate banking revenue from higher syndication revenue and institutional sales revenue

•

Year-over-year adjusted noninterest income down $35 million, or 5 percent, primarily due to:

–

Decreases in mortgage banking net revenue due to a significant MSR valuation gain in 2Q15

2

© Fifth Third Bank | All Rights Reserved

1

1

Adjusted noninterest income items are detailed on page 23 of this presentation. Also see use of non-GAAP measures on page 33 of the earnings release.

2

2015 excludes a $655MM benefit from gains on Vantiv share sales, gain on Vantiv warrant actions, and Vantiv warrant valuation adjustments. 2016 excludes a $66MM benefit

from Vantiv warrant valuation adjustments and a $50MM detriment from the Visa total return swap adjustment in 2Q16.

8

Noninterest expense

•

Adjusted expenses flat sequentially, primarily due to:

–

Seasonal decrease in FICA and unemployment tax

–

$9 million in compensation-related expenses due to retirement eligibility changes

•

Adjusted expenses up 3% YoY:

–

Year-over-year growth primarily due to personnel additions in risk and compliance and

information technology

$945

$934

$951

$971

$971

$947

$943

$963

$986

$983

$750

$800

$850

$900

$950

$1,000

2Q15

3Q15

4Q15

1Q16

2Q16

Adjusted noninterest expense

Reported noninterest expense

Noninterest Expense ($MM)

Note: Provision for unfunded commitments was an expense of  $7MM in 2Q16, $6MM in 1Q16, $4M in 4Q15, $2M in 3Q15, and $2M in 2Q15

1

Adjusted noninterest expense items are detailed on page 23 of this presentation. Also see use of non-GAAP measures on page 33 of the earnings release.

Outlook: 4% annual growth

1

© Fifth Third Bank | All Rights Reserved

9

Credit quality overview

Net charge-offs ($MM)

$80

NCO ratio

0.37%

0.80%

0.34%

0.42%

$188

HFI Non-performing assets ($MM)

Reserve Coverage

$86

$96

1

Charge-off related to restructuring of a student loan backed commercial

credit originally extended in 2007

1021

40

0.37%

$87

$805

NPA ratio   0.67%            0.65%             0.70%             0.88%             0.86%   

$626

$606

$647

$825

•

2Q16 charge-offs down 5 bps from 1Q16

–

Includes $7MM decrease in C&I loan NCOs

–

Energy loan NCO rate of 0.48% lowest since

3Q15

•

2Q16 portfolio NPA decrease of $20MM from 1Q16

–

Energy loan NPAs up $1MM sequentially,

which was more than offset by improvement

in remaining Commercial portfolio

•

2Q16 reserve of 1.38% flat sequentially

Outlook: NCOs range-bound around recently observed levels (ex. student loan credit from 3Q15) with some quarterly

variability; provision reflective of loan growth

© Fifth Third Bank | All Rights Reserved

41

46

46

42

41

45

102

1

34

54

46

$0

$25

$50

$75

$100

$125

$150

$175

$200

2Q15

3Q15

4Q15

1Q16

2Q16

Consumer

Commercial

$1,293

$1,261

$1,272

$1,295

$1,299

1.39%

1.35%

1.37%

1.38%

1.38%

$750

$850

$950

$1,050

$1,150

$1,250

$1,350

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

2Q15

3Q15

4Q15

1Q16

2Q16

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

ALLL / Loans and Leases

376

370

419

611

602

250

236

228

214

203

$0

$200

$400

$600

$800

$1,000

2Q15

3Q15

4Q15

1Q16

2Q16

Commercial

Consumer

10

Sovereigns

Financial Institutions

Non-Financial Entities

Total

(amounts in $MMs)

Total

Exposure

Funded

Exposure

Total

Exposure

Funded

Exposure

Total

Exposure

Funded

Exposure

Total

Exposure

Funded

Exposure

United Kingdom

             -  

               -  

            70

               67

          702

             334

          772

             401

Peripheral Europe

             -  

               -  

          262

             190

          120

               46

          382

             236

Other Eurozone

             -  

               -  

          391

             169

       1,698

             908

       2,089

          1,077

Other Europe

             -  

               -  

            66

                  5

          118

               41

          184

               46

Total Europe

             -  

               -  

          789

             431

       2,638

          1,329

       3,427

          1,760

Limited UK and other European exposure

Note: Data above includes the Bancorp’s exposure to all European domiciled and U.S. subsidiaries of European businesses as well as European financial institutions.

1

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

2

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

3

Eurozone includes countries participating in the European common currency (Euro)

4

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

5

Current period regulatory capital data is estimated.

•

Fifth Third has been closely monitoring Brexit situation, engaging in direct client conversations to

understand potential impact of Brexit on clients’ underlying businesses

•

Portfolio well diversified, primarily global public businesses with solid credit quality (probability of

default rating in-line with overall Commercial portfolio)

•

Exposure primarily related to trade finance and financing activities of U.S. companies with foreign parent

or overseas activities of U.S. customers

•

Direct

UK

exposure

represents

6.4%

of

CET1

5

•

No sovereign exposures

•

$1.8B in funded European exposure represents less than 2% of total loan portfolio

1

1

1

2

3

4

© Fifth Third Bank | All Rights Reserved

11

Strong capital position

1

Current period regulatory capital ratios are estimated

9.4%

9.4%

9.8%

9.8%

9.9%

0%

2%

4%

6%

8%

10%

2Q15

3Q15

4Q15

1Q16

2Q16

Capital Update

Common Equity Tier 1 Ratio

(Basel III)

CET1 remained strong at 9.9%, up 13 bps sequentially and 52 bps from 2Q15

Share repurchase activity:

—

April 11 –

retired 1.87MM shares due to completion of the March 1, 2016 ASR

—

June 14 –

retired 1.44MM shares through open market repurchases totaling $26 million

Increase in the common dividend to $0.14 in 4Q16

Repurchase of common shares in an amount up to $660 million, including $84 million related to share

issuances under employee benefit plans

The additional ability to repurchase shares in the amount of any realized after-tax gains from the sale of

Vantiv stock, if executed

The additional ability to repurchase shares in the amount of any realized after-tax gains from the sale of any

portion of the tax receivable agreement with Vantiv, if executed

CCAR 2016 capital plan included the following components:

1

© Fifth Third Bank | All Rights Reserved

12

$116

$34

$41

$163

$0

$50

$100

$150

$200

$250

$300

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

~$1

$331MM

3Q16 termination and settlement of estimated $331MM gross cash flows expected to be

payable to Fifth Third from

2019 –

2035 in exchange for a $116MM payment; $116MM

pre-tax gain expected to be realized by Fifth Third in 3Q16

$75MM

Existing

annual

TRA

payments

expected

to

be

recognized

in

4Q16

and

4Q17

are

not

impacted

$394MM

Agreement to terminate and settle estimated $394MM remaining gross cash flows

expected to be payable

to Fifth Third

from 2019-2035 in exchange

for expected

payments

from

exercises

of

quarterly

options

¹

starting

in

1Q17

through

4Q18

totaling

$171MM pre-tax; expected to result in 3Q16 $163MM pre-tax gain and corresponding

receivable on Fifth Third’s balance sheet

Estimated potential GAAP income recognition

(within

noninterest

income)

¹

($s in millions; pre-tax)

$116

$15

$16

$16

$17

$26

$26

$27

$28

$34

$41

$0

$25

$50

$75

$100

$125

$150

3Q16

4Q16

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

4Q18

Expected TRA cash flows

1,2

($s in millions; pre-tax)

Continued monetization of Vantiv

1

Options can either be executed by Vantiv or Fifth Third and generate payments to Fifth Third. Projections assume put/call options are exercised every quarter.

2

Fifth Third received a “non-objection” from the Federal Reserve for the ability to repurchase shares in the amount of any realized after-tax gains from the termination and

settlement of any portion of the tax receivable agreement with Vantiv. This excludes the estimated existing annual TRA payment of $34 million in 1Q17 and $41 million in 1Q18.

3

Based on the analysis performed by Vantiv, Inc. disclosed in its first quarter Form 10-Q.

Continue

to

have

additional

potential

TRA

gross

cash

flows,

based

on

additional

share

sales,

of

approximately

$1

billion

³

~$800MM

expected

gross

cash

flows from

existing

TRA

~$1

~$1

~$1

~$1

~$1

~$1

~$1

~$1

© Fifth Third Bank | All Rights Reserved

13

Average loans & leases

(excl. HFS)

Net interest income

1

Net interest margin

1

Noninterest income

2

Noninterest expense

Effective tax rate

1

Net charge-offs

Loan loss provision

Category

Fifth Third: current outlook

As of July 28, 2016

1

Presented on a fully-taxable equivalent basis.

2

2015 excludes a $655MM benefit from gains on Vantiv share sales, gain on Vantiv warrant actions, and Vantiv warrant valuation

adjustments. 2016 excludes a $66MM

benefit from Vantiv warrant valuation adjustments and a $50MM detriment from the Visa total return swap adjustment in 2Q16.

Note: Previous and current outlook excludes potential, but currently unforecasted, items, such as any potential additional Vantiv gains or losses, future capital actions, or

changes in regulatory or accounting guidance.

Outlook as of July 28, 2016;

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

FY16:

average total loan growth of 2%

FY16: 2% growth with no rate increases

FY16: down 2-3 bps; 3Q16

down 2-4 bps from Q2

FY16: 5% growth

FY16: 4% growth

FY16: 25% -

26% range; 3Q16

~28% due to Vantiv TRA

FY16: range-bound with quarterly variability

FY16: to be reflective of loan growth

© Fifth Third Bank | All Rights Reserved

14

Appendix

© Fifth Third Bank | All Rights Reserved

15

Pre-tax pre-provision earnings and efficiency

ratio trend

PPNR trend

Adjusted PPNR up 4% sequentially

–

$15MM increase in corporate banking revenue

Adjusted PPNR down 8% YoY

–

2Q15 results included $57MM MSR valuation

adjustment

–

Processing revenue up 6%; Corporate banking

revenue up 4%

PPNR reconciliation

Efficiency ratio

65.3%

65.4%

1

Non-GAAP measures: see Reg G reconciliation on page 23 of this presentation and use of non-GAAP measures on page 33 of the earnings release

2

Prior quarters include similar adjustments.

($ in millions)

2Q15

3Q15

4Q15

1Q16

2Q16

Net interest income (FTE)

$892

$906

$904

$909

$908

Add: Noninterest income

556

713

1,104

637

599

Less: Noninterest expense

947

943

963

986

983

Pre-provision net revenue

$501

$676

$1,045

$560

$524

Adjustments

to

remove

(benefit)

/

detriment

:

In

noninterest

income:

Gain on sale of Vantiv

shares

-

-

(331)

-

-

Gain on Vantiv warrant actions

-

-

(89)

-

-

Vantiv TRA settlement payment

-

-

(49)

-

-

Vantiv warrant valuation

(14)

(130)

(21)

(47)

(19)

Gain on sale of certain branches

-

-

-

(8)

(11)

Branch and land valuation adjustments

97

-

-

-

-

Gain on sale of the agented bankcard loan portfolio

-

-

-

-

(11)

Valuation of 2009 Visa total return swap

2

8

10

(1)

50

Securities (gains) / losses

(4)

-

(1)

(3)

(6)

In

noninterest

expense:

Contribution to Fifth Third Foundation

-

-

10

-

-

Severance expense

2

3

2

15

3

Retirement eligibility changes

-

-

-

-

9

Executive Retirements

-

6

-

-

-

Adjusted PPNR

$584

$563

$576

$516

$539

$584

$563

$576

$516

$539

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

$1,100

2Q15

3Q15

4Q15

1Q16

2Q16

Adjusted PPNR

Reported PPNR

58.2%

48.0%

63.8%

61.8%

62.5%

62.2%

64.3%

2Q15

3Q15

4Q15

1Q16

2Q16

Efficiency Ratio

Adjusted Efficiency Ratio

65.3%

© Fifth Third Bank | All Rights Reserved

1

2

1

Available and contingent borrowing capacity (2Q16):

–

FHLB ~$10.5B available, ~$14.4B total

–

Federal Reserve ~$25.7B

Holding Company:

Bancorp LCR of 110% at 06/30/2016

Holding Company cash at 06/30/16: $2.4B

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

Bank Entity:

No outstanding debt matured in 2Q16. During the quarter the Bank

issued $1.25B of senior long term debt.

2016 Funding Plans:

Due to the Moody’s LGF methodology, we intend to replace all debt

maturing this calendar year ($3.7B in total) in order to maintain our

current senior debt ratings

As of 2Q16, $2.75B of the $3.7B in 2016 maturities has been

replaced

It is likely that most of this replacement funding will take place

at the Bank Entity due to the solid liquidity position at the

Holding Company and  FDIC savings on debt issued at the Bank

Holding company unsecured

debt maturities ($MM)

Bank unsecured debt maturities

($MM –

excl. Retail Brokered & Institutional CDs)

Heavily core funded

Strong liquidity profile

S-T

wholesale

5%

1

$1B matured in 1Q16

2

$700MM matured in 1Q16

3

$350MM

of Institutional CD maturities removed causing change

in maturity amount from 1Q16 disclosure

2,3

Demand

25%

Interest

checking

17%

Savings/

MMDA

23%

Consumer

time

3%

Foreign

Office

1%

Non-Core

Deposits

2%

S-T

borrowings

3%

Other

liabilities

3%

Equity

12%

L-T debt

11%

$1,750

$650

$1,850

$1,600

$2,850

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2016

2017

2018

2019

2020

2021 On

Fifth Third Bank

$250

$500

$500

$500

$1,100

$2,312

$0

$500

$1,000

$1,500

$2,000

$2,500

2016

2017

2018

2019

2020

2021 on

Fifth Third Bancorp

Fifth Third Capital Trust (Bancorp)

© Fifth Third Bank | All Rights Reserved

16

17

Portfolio compositions

Commercial:

Fixed: $10.4B

Float: $47.7B

•

1M Libor based: 68%

•

3M Libor based: 8%

•

Prime based: 5%

Weighted Avg. Life: 1.75 years

75% Float /

25% Fix

96% Float /

4% Fix

0% Float /

100% Fix

89% Float /

11% Fix

71% Float /

29% Fix

25% Float /

75% Fix

91% Float /

9% Fix

1% Float /

99% Fix

100% Float /

0% Fix

Investments:

51% allocation to bullet/locked-out

cash flow securities

Investment portfolio yield: 3.16%

Duration: 4.2 years

Net unrealized pre-tax gain: $1.35B

Portfolio Characteristics

0% Float /

100% Fix

0% Float /

100% Fix

21% Float /

79% Fix

Consumer:

Fixed: $23.4B

Float: $13.3B

•

Prime based: 24%

Weighted Avg. Life: 3.37 years

Avg. duration of Auto book: 1.29 years

1

Includes HFS Loans & Leases

37%

44%

19%

Bancorp Investment Portfolio (BV)

Level 1

Level 2A

Non

-HQLA

75%

12%

6%

7%

EOP Commercial Loans

1

Commercial & Industrial

Commercial Mortgage

Commercial Construction

Commercial Lease

22%

29%

2%

6%

41%

EOP Consumer Loans

1

Home Equity

Auto

Other

Credit Card

Resi Mortgage & Construction

© Fifth Third Bank | All Rights Reserved

1

1

1

1

18

Interest rate risk management

•

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

–

64% of total loans are floating rate (82% of commercial and 36% of consumer)

–

Investment portfolio duration of 4.2 years

–

Short-term wholesale funding represents approximately 17% of total wholesale funding, or 3% of total funding

–

Approximately $11B in non-core funding matures beyond one year

•

Interest rate sensitivity tables 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 $2.5B (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 (bps)

+200 bps Shock

Change in Interest Rates

+100 bps Shock

+200 bps Ramp

3.07%

11.51%

(4.00%)

+25 bps Shock

+100 bps Ramp

1.68%

6.92%

-

-50 bps Shock

-50 bps Ramp

(4.03%)

(7.08%)

-

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

2.79%

10.96%

3.34%

+200 bps Ramp

(0.06%)

5.25%

6.20%

17.77%

+100 bps Ramp

1.55%

6.64%

1.82%

+100 bps Ramp

0.12%

3.79%

3.25%

10.05%

13 to 24 Months

12.07%

7.19%

-

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%)

0.03%

(6.00%)

0.30%

-

(1.35%)

12

Months

13 to 24 Months

12

Months

13 to 24 Months

(1.76%)

ESTIMATED NII SENSITIVITY PROFILE

ESTIMATED EVE SENSITIVITY PROFILE

Percent Change in

NII (FTE)

ALCO Policy Limits

Change in EVE

ALCO Policy Limit

© Fifth Third Bank | All Rights Reserved

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

19

Margin

Mortgage banking results

•

$2.7B in originations; 54% purchase volume

•

2Q16 mortgage drivers:

–

Origination fees and gain on sale revenue up $12MM, or 29%, sequentially

–

Gain on sale margin down 85 bps sequentially

–

Retaining only jumbos and ARMs on balance sheet

–

MSR valuation adjustments of positive $6MM; servicing rights amortization of ($35MM)

–

$50MM in gross servicing fees

•

YoY decline in mortgage banking revenue driven primarily by 2Q15 MSR valuation adjustment;

revenue up 15% excluding MSR valuation adjustments

Mortgage originations ($B) and gain on sale margin

1

Mortgage Banking Net Revenue ($MM)

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

$78

$71

$75

$117

1

$74

© Fifth Third Bank | All Rights Reserved

43

46

37

42

54

56

54

53

52

50

(39)

(37)

(29)

(27)

(35)

57

8

13

11

6

2Q15

3Q15

4Q15

1Q16

2Q16

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

2Q15

3Q15

4Q15

1Q16

2Q16

Originations for sale

Originations HFI

1

20

NPL rollforward

NPL HFI Rollforward

Commercial

2Q15

3Q15

4Q15

1Q16

2Q16

325

$        

287

$        

286

$        

341

$        

543

$        

Transfers to nonaccrual status

66

195

165

306

104

Transfers to accrual status

(3)

(2)

(3)

(3)

(6)

Transfers from held for sale

-

-

-

-

-

Transfers to held for sale

-

-

(12)

(3)

-

Loans sold from portfolio

(3)

(1)

(2)

(6)

(2)

Loan paydowns/payoffs

(44)

(46)

(37)

(39)

(52)

Transfers to OREO

(10)

-

(13)

(1)

(3)

Charge-offs

(49)

(149)

(46)

(60)

(51)

Draws/other extensions of credit

5

2

3

8

6

287

$        

286

$        

341

$        

543

$        

539

$        

Consumer

2Q15

3Q15

4Q15

1Q16

2Q16

201

$        

188

$        

172

$        

165

$        

158

$        

Transfers to nonaccrual status

55

55

56

55

56

Transfers to accrual status

(26)

(30)

(28)

(33)

(31)

Transfers from held for sale

-

-

-

-

-

Transfers to held for sale

-

(1)

-

-

-

Loans sold from portfolio

-

-

-

-

-

Loan paydowns/payoffs

(14)

(11)

(10)

(9)

(11)

Transfers to OREO

(10)

(11)

(9)

(6)

(7)

Charge-offs

(18)

(18)

(16)

(14)

(11)

Draws/other extensions of credit

-

-

-

-

-

188

$        

172

$        

165

$        

158

$        

154

$        

Total NPL

475

$        

458

$        

506

$        

701

$        

693

$        

Total new nonaccrual loans - HFI

121

$        

250

$        

221

$        

361

$        

160

$        

Beginning NPL amount

Ending Commercial NPL

Beginning NPL amount

Ending Consumer NPL

© Fifth Third Bank | All Rights Reserved

21

Credit trends

Residential Mortgage

Commercial & Industrial

Home Equity & Automobile

Commercial Real Estate

* Excludes loans held-for-sale.

($ in millions)

2Q15

3Q15

4Q15

1Q16

2Q16

EOP Balance*

$8,547

$8,427

$8,301

$8,112

$7,988

90+ days delinquent

-

-

-

-

-

as % of loans

NM

NM

NM

NM

NM

Net charge-offs

$9

$9

$9

$8

$6

as % of loans

0.41%

0.42%

0.39%

0.36%

0.30%

Home equity

($ in millions)

2Q15

3Q15

4Q15

1Q16

2Q16

EOP Balance*

$12,933

$13,392

$13,716

$13,895

$14,307

Avg Loans*

$12,831

$13,144

$13,504

$13,788

$14,046

90+ days delinquent

$43

$40

$40

$44

$38

as % of loans

0.33%

0.30%

0.29%

0.32%

0.27%

NPAs*

$101

$91

$86

$77

$69

as % of loans

0.78%

0.68%

0.63%

0.55%

0.48%

Net charge-offs

$5

$3

$3

$2

$2

as % of loans

0.16%

0.10%

0.08%

0.07%

0.06%

Residential mortgage

($ in millions)

2Q15

3Q15

4Q15

1Q16

2Q16

EOP Balance*

$42,800

$42,948

$42,131

$43,433

$43,558

Avg Loans*

$42,550

$43,149

$43,154

$43,089

$43,876

90+ days delinquent

$2

$3

$7

$3

$2

as % of loans

NM

0.01%

0.02%

0.01%

NM

NPAs*

$193

$183

$272

$472

$477

as % of loans

0.45%

0.43%

0.65%

1.09%

1.10%

Net charge-offs

$34

$128

$30

$46

$39

as % of loans

0.32%

1.17%

0.28%

0.43%

0.36%

C&I

($ in millions)

2Q15

3Q15

4Q15

1Q16

2Q16

EOP Balance*

$7,150

$7,061

$6,957

$6,864

$6,875

Avg Loans*

$7,148

$7,023

$7,032

$6,886

$6,831

NPAs*

$166

$165

$138

$126

$114

as % of loans

2.31%

2.34%

1.98%

1.84%

1.66%

Net charge-offs

$11

$11

$3

$6

$6

as % of loans

0.62%

0.66%

0.19%

0.35%

0.38%

Commercial mortgage

($ in millions)

2Q15

3Q15

4Q15

1Q16

2Q16

EOP Balance*

$11,909

$11,826

$11,493

$11,128

$10,671

90+ days delinquent

$8

$8

$10

$8

$7

as % of loans

0.07%

0.07%

0.09%

0.07%

0.07%

Net charge-offs

$4

$7

$9

$9

$8

as % of loans

0.14%

0.23%

0.31%

0.32%

0.26%

Automobile

($ in millions)

2Q15

3Q15

4Q15

1Q16

2Q16

EOP Balance*

$2,709

$3,101

$3,214

$3,428

$3,706

Avg Loans*

$2,549

$2,965

$3,141

$3,297

$3,551

NPAs*

$14

$19

$8

$8

$7

as % of loans

0.51%

0.61%

0.25%

0.23%

0.19%

Net charge-offs

-

$3

-

-

-

as % of loans

0.00%

0.43%

0.00%

(0.06%)

0.00%

Commercial construction

© Fifth Third Bank | All Rights Reserved

22

Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ and shares in millions

(unaudited)

June

March

December

September

June

2016

2016

2015

2015

2015

Net interest income (U.S. GAAP)

902

903

899

901

887

Add:

Noninterest income

599

637

1,104

713

556

Less:

Noninterest expense

(983)

(986)

(963)

(943)

(947)

Pre-provision net revenue

518

554

1,040

671

496

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

310

312

634

366

292

Add:

Intangible amortization, net of tax

-

-

-

-

-

Tangible net income available to common shareholders

310

312

634

366

292

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

1,247

1,255

2,515

1,452

1,171

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

16,584

16,376

15,982

15,815

15,841

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

(11)

(12)

(13)

(14)

(15)

Average tangible common equity (b)

12,826

12,617

12,222

12,054

12,079

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

16,726

16,323

15,839

15,826

15,605

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

(11)

(12)

(13)

(13)

(14)

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

12,968

12,564

12,079

12,066

11,844

Less: Accumulated other comprehensive income

(889)

(684)

(197)

(522)

(291)

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

12,079

11,880

11,882

11,544

11,553

Total assets (U.S. GAAP)

143,625

142,430

141,048

141,883

141,628

Less: 

Goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,416)

Intangible assets and other servicing rights

(11)

(12)

(13)

(13)

(14)

Tangible assets, including unrealized gains / losses (e)

141,198

140,002

138,619

139,454

139,198

Less: Accumulated other comprehensive income / loss, before tax

(1,368)

(1,052)

(303)

(803)

(448)

Tangible assets, excluding unrealized gains / losses (f)

139,830

138,950

138,316

138,651

138,750

Common shares outstanding (g)

766

770

785

795

810

Ratios:

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

9.7%

9.9%

20.6%

12.0%

9.7%

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

8.64%

8.55%

8.59%

8.33%

8.33%

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

9.18%

8.97%

8.71%

8.65%

8.51%

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

$16.93

$16.32

$15.39

$15.18

$14.62

For the Three Months Ended

See page 33 of the earnings release for a discussion on the use of non-GAAP financial measures.

© Fifth Third Bank | All Rights Reserved

23

Regulation G Non-GAAP reconciliation

See page 33 of the earnings release for a discussion on the use of non-GAAP financial measures.

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ and shares in millions

(unaudited)

June

March

December

September

June

2016

2016

2015

2015

2015

Basel III Final Rule - Transitional to fully phased-in

CET 1 capital (transitional)

$12,112

$11,914

$11,917

$11,574

$11,582

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

(1)

(4)

(5)

(8)

(11)

(12)

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

12,108

11,909

11,909

11,563

11,570

Risk-weighted assets (transitional)

121,824

121,432

121,290

123,148

122,986

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

(2)

932

1,027

1,178

1,136

1,280

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

$122,756

$122,459

$122,468

$124,284

$124,266

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

9.86%

9.72%

9.72%

9.30%

9.31%

(1)

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

(2)

Primarily relates to higher risk-weighting for MSRs.

June

March

December

September

June

2016

2016

2015

2015

2015

Net interest income (FTE) (c)

$908

$909

$904

$906

$892

Noninterest income excluding certain items

Noninterest income (U.S. GAAP)

$599

$637

$1,104

$713

$556

Gain on sale of Vantiv shares

-

-

(331)

-

-

Gain on Vantiv warrant actions

-

-

(89)

-

-

Vantiv TRA settlement payment

-

-

(49)

-

-

Vantiv warrant valuation

(19)

(47)

(21)

(130)

(14)

Gain on sale of certain branches

(11)

(8)

-

-

-

Gain on sale of the non-strategic agented bankcard loan portfolio

(11)

-

-

-

-

Branch and land valuation adjustments

-

-

-

-

97

Valuation of 2009 Visa total return swap

50

(1)

10

8

2

Securities (gains) / losses

(6)

(3)

(1)

-

(4)

Adjusted noninterest income (d)

$602

$578

$623

$591

$637

Noninterest expense excluding certain items

Noninterest expense (U.S. GAAP)

$983

$986

$963

$943

$947

Contribution for Fifth Third Foundation

-

-

(10)

-

-

Severance expense

(3)

(15)

(2)

(3)

(2)

Retirement eligibility changes

(9)

-

-

-

-

Executive retirements

-

-

-

(6)

-

Adjusted noninterest expense (e)

$971

$971

$951

$934

$945

Adjusted efficiency ratio (e) / [(c ) + (d)]

64.3%

65.3%

62.2%

62.5%

61.8%

Adjusted PPNR (c) + (d)  - (e)

$539

$516

$576

$563

$584

For the Three Months Ended

For the Three Months Ended

© Fifth Third Bank | All Rights Reserved

EX-99.3

Exhibit 99.3

July 2016

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

Sameer Gokhale

Senior Director

Investor Relations

(513) 534-2219

Quarterly Data

	Three Months Ended
	June		March		December		September		June		March		December		September
	2016		2016		2015		2015		2015		2015		2014		2014
Ratios (percent)
Return on average assets		0.94		0.93		1.83		1.07		0.90		1.06		1.13		1.02
Return on average common equity		8.2		8.3		17.2		10.0		8.1		9.7		10.0		9.2
Average total Bancorp shareholders’ equity as a percent of average assets		11.60		11.57		11.26		11.24		11.32		11.50		11.54		11.72
Net interest margin(a)		2.88		2.91		2.85		2.89		2.90		2.86		2.96		3.10
Efficiency(a)		65.3		63.8		48.0		58.2		65.4		62.3		59.6		62.1
Net losses charged-off as a percent of average portfolio loans and leases		0.37		0.42		0.34		0.80		0.37		0.41		0.83		0.50
ALLL as a percent of portfolio loans and leases		1.38		1.38		1.37		1.35		1.39		1.42		1.47		1.56
Allowance for credit losses as a percent of portfolio loans and leases(c)		1.54		1.54		1.52		1.49		1.54		1.57		1.62		1.71
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(b)		0.86		0.88		0.70		0.65		0.67		0.76		0.82		0.88
Allowance for loan and lease losses as a percent of nonperforming assets(b)		161		157		197		208		206		188		178		178
Allowance for credit losses as a percent of nonperforming assets(b)		180		174		218		230		228		207		196		195
Common Share Data
Earnings per share - basic	$	0.40	$	0.40	$	0.80	$	0.46	$	0.36	$	0.42	$	0.44	$	0.39
Earnings per share - diluted	$	0.40	$	0.40	$	0.79	$	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		0.13		0.13		0.13
Book value per share		20.09		19.46		18.48		18.22		17.62		17.83		17.35		16.87
Common shares outstanding, excluding treasury		766,345,770		770,470,768		785,080,314		795,439,309		810,054,148		815,190,210		824,046,952		834,261,897
Market price per share:
High	$	19.30	$	19.61	$	21.06	$	21.71	$	21.69	$	20.21	$	20.69	$	21.75
Low		16.13		13.94		18.28		18.23		18.91		17.22		17.74		19.52
End of period		17.59		16.69		20.10		18.91		20.82		18.85		20.38		20.02
Supplemental Data
Common dividends declared ($ in millions)	$	100	$	100	$	102	$	103	$	105	$	106	$	107	$	108
Full-time equivalent employees		18,051		18,200		18,261		18,311		18,527		18,471		18,351		18,503
Banking centers		1,191		1,241		1,254		1,295		1,299		1,303		1,302		1,308
ATMs		2,514		2,556		2,593		2,650		2,630		2,637		2,638		2,639

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

(b) Excludes nonperforming assets held for sale.

(c) The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.

Quarterly Data

	Three Months Ended
	June		March		December		September		June		March		December		September
	2016		2016		2015		2015		2015		2015		2014		2014
Income Statement ($ in millions)
Interest income (taxable equivalent)	$	1,052	$	1,044	$	1,035	$	1,031	$	1,008	$	975	$	1,016	$	1,023
Interest expense		144		135		131		125		116		123		128		115
Net interest income (taxable equivalent)		908		909		904		906		892		852		888		908
Provision for loan and lease losses		91		119		91		156		79		69		99		71
Noninterest income:
Service charges on deposits		138		137		144		145		139		135		142		145
Wealth and asset management revenue		101		102		102		103		105		108		100		103
Corporate banking revenue		117		102		104		104		113		63		120		100
Mortgage banking net revenue		75		78		74		71		117		86		61		61
Card and processing revenue		82		79		77		77		77		71		76		75
Other noninterest income		80		136		602		213		1		163		150		33
Securities gains, net		6		3		1		—		4		4		4		3
Total noninterest income		599		637		1,104		713		556		630		653		520
Noninterest expense:
Salaries, wages and incentives		407		403		386		387		383		369		366		357
Employee benefits		85		100		74		72		78		99		79		75
Net occupancy expense		75		77		83		77		83		79		77		78
Technology and communications		60		56		59		56		54		55		54		53
Equipment expense		30		30		32		31		31		31		30		30
Card and processing expense		37		35		40		40		38		36		36		37
Other noninterest expense		289		285		289		280		280		254		276		258
Total noninterest expense		983		986		963		943		947		923		918		888
Income before income taxes (taxable equivalent)		433		441		954		520		422		490		524		469
Taxable equivalent adjustment		6		6		5		5		5		5		5		5
Income before income taxes		427		435		949		515		417		485		519		464
Applicable income tax expense		98		108		292		134		108		124		134		124
Net income	$	329	$	327	$	657	$	381	$	309	$	361	$	385	$	340
Less: Net income attributable to noncontrolling interests		(4)		—		—		—		(6)		—		—		—
Net income attributable to Bancorp	$	333	$	327	$	657	$	381	$	315	$	361	$	385	$	340
Dividends on preferred stock		23		15		23		15		23		15		23		12
Net income available to common shareholders	$	310	$	312	$	634	$	366	$	292	$	346	$	362	$	328
Regulatory Capital Data ($ in millions)(a)	Basel III Transitional												Basel I
CET1 capital	$	12,112	$	11,914	$	11,917	$	11,574	$	11,582	$	11,543		N/A		N/A
Additional tier I capital		1,331		1,330		1,343		1,340		1,340		1,339		N/A		N/A
Tier I capital	$	13,443	$	13,244	$	13,260	$	12,914	$	12,922	$	12,882	$	12,764	$	12,661
Tier II capital		4,414		4,553		3,874		3,935		3,909		4,112		4,131		4,103
Total regulatory capital	$	17,857	$	17,797	$	17,134	$	16,849	$	16,831	$	16,994	$	16,895	$	16,764
Risk-weighted assets	$	121,824(b)	$	121,432(b)	$	121,290(b)	$	123,148(b)	$	122,986(b)	$	121,310(b)	$	117,878	$	116,917
CET1 capital ratio		9.94%(b)		9.81%(b)		9.82%(b)		9.40%(b)		9.42%(b)		9.52%(b)		N/A		N/A
Tier I risk-based capital ratio		11.03%(b)		10.91%(b)		10.93%(b)		10.49%(b)		10.51%(b)		10.62%(b)		10.83%		10.83%
Total risk-based capital ratio		14.66%(b)		14.66%(b)		14.13%(b)		13.68%(b)		13.69%(b)		14.01%(b)		14.33%		14.34%
Tier I leverage ratio		9.64%		9.57%		9.54%		9.38%		9.44%		9.59%		9.66%		9.82%
Tier I common equity ratio		N/A		N/A		N/A		N/A		N/A		N/A		9.65%(c)		9.64%(c)
CET1 capital ratio (fully phased-in)		9.86%(b) (c)		9.72%(b)(c)		9.72%(b)(c)		9.30%(b)(c)		9.31%(b)(c)		9.41%(b)(c)		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.

Quarterly Data

	As of
	June		March		December		September		June		March		December		September
	2016		2016		2015		2015		2015		2015		2014		2014
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,359	$	2,298	$	2,540	$	2,455	$	2,785	$	2,920	$	3,091	$	3,125
Available-for-sale and other securities		31,455		29,891		29,044		28,799		27,987		26,409		22,408		22,912
Held-to-maturity securities		62		64		70		157		157		177		187		191
Trading securities		401		405		386		374		370		392		360		389
Other short-term investments		1,818		1,778		2,671		1,994		3,451		4,919		7,914		3,637
Total cash and securities		36,095		34,436		34,711		33,779		34,750		34,817		33,960		30,254
Loans held for sale		877		803		903		994		995		724		1,261		641
Portfolio loans and leases		93,909		93,605		92,582		93,574		92,703		91,244		90,084		90,624
Total loans and leases		94,786		94,408		93,485		94,568		93,698		91,968		91,345		91,265
Allowance for loan and lease losses		(1,299)		(1,295)		(1,272)		(1,261)		(1,293)		(1,300)		(1,322)		(1,414)
Bank premises and equipment		2,144		2,185		2,239		2,264		2,298		2,433		2,465		2,467
Operating lease equipment		756		738		707		680		670		695		728		732
Goodwill		2,416		2,416		2,416		2,416		2,416		2,416		2,416		2,416
Intangible assets		10		11		12		13		13		14		15		16
Servicing rights		621		685		785		757		854		789		858		935
Other real estate owned		107		119		137		149		163		187		217(a)		242(a)
Other assets		7,989		8,727		7,828		8,518		8,059		8,418		7,988		7,239
Total assets	$	143,625	$	142,430	$	141,048	$	141,883	$	141,628	$	140,437	$	138,670	$	134,152
Liabilities
Deposits:
Demand	$	36,137	$	35,858	$	36,267	$	34,832	$	35,449	$	35,343	$	34,809	$	32,258
Interest checking		24,571		25,182		26,768		24,832		27,074		27,191		26,800		24,930
Savings		14,356		14,738		14,601		14,632		14,976		15,355		15,051		15,355
Money market		19,125		19,377		18,494		18,887		17,900		18,105		17,083		16,199
Foreign office		453		441		464		754		728		811		1,114		1,577
Other time		4,021		4,049		4,019		4,041		4,050		4,044		3,960		3,856
Certificates - $100,000 and over		2,778		2,830		2,592		2,915		2,846		2,566		2,895		3,117
Other foreign office		430		—		—		—		—		—		—		—
Total deposits		101,871		102,475		103,205		100,893		103,023		103,415		101,712		97,292
Federal funds purchased		108		134		151		132		126		200		144		148
Other short-term borrowings		3,979		3,523		1,507		4,904		4,136		1,413		1,556		2,730
Other liabilities		4,682		4,638		4,505		4,604		5,214		5,483		4,662		4,239
Long-term debt		16,231		15,305		15,810		15,492		13,491		14,022		14,931		14,300
Total liabilities	$	126,871	$	126,075	$	125,178	$	126,025	$	125,990	$	124,533	$	123,005	$	118,709
Equity
Common and preferred equity	$	18,914	$	18,638	$	18,406	$	17,867	$	17,578	$	17,421	$	17,169	$	16,889
Net unrealized gains:
Available-for-sale securities		879		685		238		528		327		608		475		338
Qualifying cash flow hedges		70		61		22		58		29		47		23		12
Accumulated other comprehensive income related to employee benefit plans		(60)		(62)		(63)		(64)		(65)		(67)		(69)		(49)
Treasury stock, at cost		(3,077)		(2,999)		(2,764)		(2,563)		(2,264)		(2,145)		(1,972)		(1,786)
Total Bancorp shareholders’ equity		16,726		16,323		15,839		15,826		15,605		15,864		15,626		15,404
Noncontrolling interests		28		32		31		32		33		40		39		39
Total equity	$	16,754	$	16,355	$	15,870	$	15,858	$	15,638	$	15,904	$	15,665	$	15,443
Total liabilities and equity	$	143,625	$	142,430	$	141,048	$	141,883	$	141,628	$	140,437	$	138,670	$	134,152
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		12,000		12,000
Common shares outstanding, excluding treasury		766,345,770		770,470,768		785,080,314		795,439,309		810,054,148		815,190,210		824,046,952		834,261,897
Treasury shares held		157,546,811		153,421,813		138,812,267		128,453,272		113,838,433		108,702,371		99,845,629		89,630,684

(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.

Quarterly Data

	Three Months Ended
	June		March		December		September		June		March		December		September
	2016		2016		2015		2015		2015		2015		2014		2014
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	94,807	$	94,078	$	94,587	$	94,329	$	92,739	$	91,659		91,581	$	91,428
Taxable securities		30,002		29,619		28,951		28,251		27,344		23,102		22,364		22,594
Tax exempt securities		85		78		52		52		59		59		64		50
Other short-term investments		1,953		1,876		2,253		1,799		3,160		5,877		5,176		2,283
Total interest-earning assets		126,847		125,651		125,843		124,431		123,302		120,697		119,185		116,355
Cash and due from banks		2,228		2,335		2,466		2,503		2,636		2,830		3,008		2,862
Other assets		15,140		14,869		14,925		15,064		15,322		15,412		14,764		14,425
Allowance for loan and lease losses		(1,295)		(1,273)		(1,261)		(1,292)		(1,300)		(1,322)		(1,413)		(1,458)
Total assets	$	142,920	$	141,582	$	141,973	$	140,706	$	139,960	$	137,617	$	135,544	$	132,184
Liabilities
Interest-bearing liabilities:
Interest checking deposits	$	24,714	$	25,740	$	25,296	$	25,590	$	26,894	$	26,885	$	25,478	$	24,926
Savings deposits		14,576		14,601		14,615		14,868		15,156		15,174		15,173		15,759
Money market deposits		19,243		18,655		18,775		18,253		18,071		17,492		17,023		15,222
Foreign office deposits		484		483		736		718		955		861		1,439		1,663
Other time deposits		4,044		4,035		4,052		4,057		4,074		4,022		3,936		3,800
Certificates - $100,000 and over		2,819		2,815		3,305		2,924		2,558		2,683		2,998		3,339
Other deposits		467		—		7		222		—		—		—		—
Federal funds purchased		693		608		1,182		1,978		326		172		161		520
Other short-term borrowings		3,754		3,564		1,675		1,897		1,705		1,602		1,481		1,973
Long-term debt		15,351		14,949		15,738		14,664		13,741		14,414		14,819		13,919
Total interest-bearing liabilities		86,145		85,450		85,381		85,171		83,480		83,305		82,508		81,121
Demand deposits		35,912		35,201		36,254		35,231		35,384		33,760		33,301		31,790
Other liabilities		4,247		4,524		4,325		4,458		5,215		4,693		4,052		3,749
Total liabilities		126,304		125,175		125,960		124,860		124,079		121,758		119,861		116,660
Equity		16,616		16,407		16,013		15,846		15,881		15,859		15,683		15,524
Total liabilities and equity	$	142,920	$	141,582	$	141,973	$	140,706	$	139,960	$	137,617	$	135,544	$	132,184
Average loans and leases (excluding held for sale)	$	93,931	$	93,275	$	93,594	$	93,373	$	92,173	$	90,508	$	91,041	$	90,799
Share Data
Average common shares outstanding - basic		759,105,385		773,564,178		784,855,006		795,792,825		803,965,057		810,209,585		819,057,247		829,391,505
Average common shares outstanding - diluted		765,080,097		778,392,453		794,481,388		805,022,588		812,842,540		818,672,259		827,831,317		838,324,420

Quarterly Data

	Three Months Ended
	June		March		December		September		June		March		December		September
	2016		2016		2015		2015		2015		2015		2014		2014
End of Period Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	43,575	$	43,441	$	42,151	$	42,970	$	42,812	$	42,062	$	40,801	$	41,111
Commercial mortgage loans		6,883		6,874		6,991		7,084		7,165		7,210		7,410		7,566
Commercial construction loans		3,706		3,428		3,214		3,101		2,709		2,303		2,071		1,704
Commercial leases		3,978		3,956		3,854		3,901		3,882		3,787		3,721		3,555
Total commercial loans and leases		58,142		57,699		56,210		57,056		56,568		55,362		54,003		53,936
Consumer:
Residential mortgage loans		15,159		14,563		14,424		14,197		13,792		13,258		13,582		13,520
Home equity		7,988		8,131		8,336		8,460		8,591		8,714		8,886		8,987
Automobile loans		10,671		11,129		11,497		11,829		11,914		11,873		12,037		12,121
Credit card		2,172		2,235		2,360		2,330		2,278		2,291		2,401		2,317
Other consumer loans and leases		654		651		658		696		555		470		436		384
Total consumer loans and leases		36,644		36,709		37,275		37,512		37,130		36,606		37,342		37,329
Total loans and leases	$	94,786	$	94,408	$	93,485	$	94,568	$	93,698	$	91,968	$	91,345	$	91,265
Average Loans and Leases ($ in millions) (net of unearned discount)
Commercial:
Commercial and industrial loans	$	43,878	$	43,127	$	43,175	$	43,162	$	42,554	$	41,462	$	41,313	$	41,525
Commercial mortgage loans		6,835		6,908		7,053		7,038		7,149		7,248		7,482		7,637
Commercial construction loans		3,551		3,297		3,141		2,966		2,549		2,198		1,911		1,565
Commercial leases		3,904		3,875		3,841		3,847		3,776		3,716		3,601		3,576
Total commercial loans and leases		58,168		57,207		57,210		57,013		56,028		54,624		54,307		54,303
Consumer:
Residential mortgage loans		14,842		14,405		14,315		13,976		13,375		13,515		13,526		13,342
Home equity		8,059		8,241		8,394		8,521		8,655		8,802		8,937		9,009
Automobile loans		10,887		11,285		11,674		11,881		11,902		11,933		12,073		12,105
Credit card		2,198		2,277		2,320		2,277		2,296		2,321		2,324		2,295
Other consumer loans and leases		653		663		674		661		483		464		414		374
Total consumer loans and leases		36,639		36,871		37,377		37,316		36,711		37,035		37,274		37,125
Total average loans and leases	$	94,807	$	94,078	$	94,587	$	94,329	$	92,739	$	91,659	$	91,581	$	91,428
Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	385	$	419	$	228	$	205	$	217	$	231	$	269	$	305
Nonaccrual loans held for sale		20		3		1		1		1		2		24		4
Nonaccrual restructured loans held for sale		—		2		11		1		—		—		15		3
Nonaccrual portfolio restructured loans and leases		308		282		278		253		258		296		310		315
OREO and other repossessed property(a)		112		124		141		148		151		164		165		176
Total nonperforming assets	$	825	$	830	$	659	$	608	$	627	$	693	$	783	$	803
Ninety days past due loans and leases	$	65	$	73	$	75	$	70	$	70	$	78	$	87	$	87
Nonperforming Loans ($ in millions)(nonaccrual plus renegotiated)
Commercial and industrial loans and leases	$	483	$	465	$	259	$	171	$	182	$	200	$	241	$	267
Commercial mortgage loans		76		83		93		110		106		126		146		121
Commercial construction loans		—		—		—		6		—		1		2		4
Residential mortgage loans		43		44		51		54		62		70		94		111
Home equity		79		80		79		82		88		90		93		85
Other consumer loans and leases		32		34		36		37		38		41		42		39
Total nonperforming loans and leases (including held for sale)	$	713	$	706	$	518	$	460	$	476	$	528	$	618	$	627
Credit Charge-Offs ($ in millions)
Total losses charged-off	($	105)	($	116)	($	105)	($	209)	($	112)	($	115)	($	215)	($	146)
Total recoveries of losses previously charged-off		18		20		25		21		26		24		24		31
Total net losses charged-off	($	87)	($	96)	($	80)	($	188)	($	86)	($	91)	($	191)	($	115)

(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.