EX-99.2

2Q16 Earnings Presentation

July 28, 2016

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

Exhibit 99.2

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

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.

•

Stable NII and NIM; continued benefit from steady

and cautious interest rate risk management

strategy

•

Solid noninterest income growth despite market

volatility

•

Adjusted

: up 4% sequentially

•

Strong corporate banking activity

•

Tightly controlled operational expenses

•

Reported noninterest expenses down $3 million

sequentially

•

Adjusted

expenses flat sequentially

•

Strategic investments on-track

•

Credit conditions benign overall and in-line with

expectations

Second Quarter 2016 Highlights

Earnings Per

Reported $0.40

Included ($0.01) negative impact

from certain items

Net Income to

Common

$310 million

LCR

110%

Non-GAAP

measure:

see

Reg

reconciliation

page

this

presentation

and

use

non-GAAP

measures

page

the

earnings

release

See page 4 of this presentation for impact of certain items

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

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

bps;

flat

YoY

and

bps

decrease QoQ

—

NPA ratio of 86 bps; down 2 bps

sequentially

($ in millions)

2Q16

Seq.

YOY

Average Balances

Total loans & leases

$93,931

Core deposits

$98,973

(2%)

Income Statement Data

Net interest income (taxable equivalent)

$908

Provision for loan and lease losses

(24%)

15%

Noninterest income

599

(6%)

Noninterest expense

983

Net income attributable to Bancorp

$333

Net income available to common

shareholders

$310

(1%)

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

16%

Excludes loans held-for-sale

Non-GAAP

measure:

see

Reg

reconciliation

page

this

presentation

and

use

non-GAAP

measures

page

the

earnings

release

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

$92.2

$93.4

$93.6

$93.3

$93.9

2Q15

3Q15

4Q15

1Q16

2Q16

$96.5

$94.7

$95.7

$94.7

$94.9

92%

95%

94%

95%

80%

85%

90%

95%

100%

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

2Q15

3Q15

4Q15

1Q16

2Q16

Average securities

Short-term investments

•

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

$892

$906

$904

$909

$908

2.90%

2.89%

2.85%

2.91%

2.88%

$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

Outlook: 5% annual fee growth

Noninterest income

$637

$591

$623

$578

$602

$556

$713

$1,104

$637

$599

$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

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.

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.

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

$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

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

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

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

credit originally extended in 2007

1021

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

102

$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%

$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

$200

$400

$600

$800

$1,000

2Q15

3Q15

4Q15

1Q16

2Q16

Commercial

Consumer

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

702

334

772

401

Peripheral Europe

262

190

120

382

236

Other Eurozone

391

169

1,698

908

2,089

1,077

Other Europe

118

184

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.

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

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

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

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

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

exposure

represents

6.4%

CET1

•

No sovereign exposures

•

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

Strong capital position

Current period regulatory capital ratios are estimated

9.4%

9.8%

9.9%

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:

$116

$34

$41

$163

$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

recognized

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

quarterly

options

starting

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)

($s in millions; pre-tax)

$116

$15

$16

$17

$26

$27

$28

$34

$41

$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

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.

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.

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

Continue

have

additional

potential

TRA

gross

cash

flows,

based

additional

sales,

approximately

billion

~$800MM

expected

gross

cash

flows from

existing

TRA

~$1

Average loans & leases

(excl. HFS)

Net interest income

Net interest margin

Noninterest income

Noninterest expense

Effective tax rate

Net charge-offs

Loan loss provision

Category

Fifth Third: current outlook

As of July 28, 2016

Presented on a fully-taxable equivalent basis.

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

Appendix

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%

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

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

remove

(benefit)

detriment

noninterest

income:

Gain on sale of Vantiv

(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

Gain on sale of the agented bankcard loan portfolio

(11)

Valuation of 2009 Visa total return swap

(1)

Securities (gains) / losses

(4)

(1)

(3)

(6)

noninterest

expense:

Contribution to Fifth Third Foundation

Severance expense

Retirement eligibility changes

Executive Retirements

Adjusted PPNR

$584

$563

$576

$516

$539

$584

$563

$576

$516

$539

$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%

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

$1B matured in 1Q16

$700MM matured in 1Q16

$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

Foreign

Office

Non-Core

Deposits

S-T

borrowings

Other

liabilities

Equity

12%

L-T debt

11%

$1,750

$650

$1,850

$1,600

$2,850

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2016

2017

2018

2019

2020

2021 On

Fifth Third Bank

$250

$500

$1,100

$2,312

$500

$1,000

$1,500

$2,000

$2,500

2016

2017

2018

2019

2020

2021 on

Fifth Third Bancorp

Fifth Third Capital Trust (Bancorp)

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

Includes HFS Loans & Leases

37%

44%

19%

Bancorp Investment Portfolio (BV)

Level 1

Level 2A

Non

-HQLA

75%

12%

EOP Commercial Loans

Commercial & Industrial

Commercial Mortgage

Commercial Construction

Commercial Lease

22%

29%

41%

EOP Consumer Loans

Home Equity

Auto

Other

Credit Card

Resi Mortgage & Construction

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

all

interest-bearing

deposit

and

sweep

balances

(~50%

betas

experienced

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

Months

13 to 24 Months

Months

Change in Interest Rates

Months

13 to 24

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)

$1B Balance Decrease

$1B Balance Increase

(12.00%)

0.03%

(6.00%)

0.30%

(1.35%)

Months

13 to 24 Months

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

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

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

Mortgage Banking Net Revenue ($MM)

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

$78

$71

$75

$117

$74

(39)

(37)

(29)

(27)

(35)

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

NPL rollforward

NPL HFI Rollforward

Commercial

2Q15

3Q15

4Q15

1Q16

2Q16

325

287

286

341

543

Transfers to nonaccrual status

195

165

306

104

Transfers to accrual status

(3)

(2)

(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

287

286

341

543

539

Consumer

2Q15

3Q15

4Q15

1Q16

2Q16

201

188

172

165

158

Transfers to nonaccrual status

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)

(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

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

Net charge-offs

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

$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

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

as % of loans

0.01%

0.02%

0.01%

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

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

$10

as % of loans

0.07%

0.09%

0.07%

Net charge-offs

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

as % of loans

0.51%

0.61%

0.25%

0.23%

0.19%

Net charge-offs

as % of loans

0.00%

0.43%

0.00%

(0.06%)

0.00%

Commercial construction

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

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)

Average goodwill

(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)

Goodwill

(2,416)

Intangible assets and other servicing rights

(11)

(12)

(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)

Intangible assets and other servicing rights

(11)

(12)

(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%

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.

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

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

11,563

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%

9.30%

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

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

Valuation of 2009 Visa total return swap

(1)

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

$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