Exhibit 12.1

Fifth Third Bancorp

Computations of Consolidated Ratios of Earnings to Fixed Charges

($ in millions)

	Three Months Ended September 30, 2016		Nine Months Ended September 30, 2016
Excluding Interest on Deposits:
Fixed Charges:
Interest Expense (excluding interest on deposits)	$	99	$	279
One-Third of Rents, Net of Income from Subleases		8		22
Total Fixed Charges	$	107	$	301
Earnings:
Income Before Income Taxes	$	694	$	1,556
Fixed Charges		107		301
Total Earnings	$	801	$	1,857
Ratio of Earnings to Fixed Charges, Excluding Interest on Deposits		7.49x		6.17x
Including Interest on Deposits:
Fixed Charges:
Interest Expense	$	150	$	430
One-Third of Rents, Net of Income from Subleases		8		22
Total Fixed Charges	$	158	$	452
Earnings:
Income Before Income Taxes	$	694	$	1,556
Fixed Charges		158		452
Total Earnings	$	852	$	2,008
Ratio of Earnings to Fixed Charges, Including Interest on Deposits		5.39x		4.44x