Exhibit 12.1

Fifth Third Bancorp

Computations of Consolidated Ratios of Earnings to Fixed Charges

($ in Millions)

	Years Ended December 31,
	2016		2015		2014		2013		2012
Excluding Interest on Deposits:
Fixed Charges:
Interest Expense (excluding interest on deposits)	$	373		309		249		210		296
One-Third of Rents, Net of Income from Subleases		29		32		29		28		28
Total Fixed Charges	$	402		341		278		238		324
Earnings:
Income Before Income Taxes	$	2,065		2,365		2,028		2,598		2,210
Fixed Charges		402		341		278		238		324
Total Earnings	$	2,467		2,706		2,306		2,836		2,534
Ratio of Earnings to Fixed Charges, Excluding Interest on Deposits		6.14x		7.94x		8.29x		11.92x		7.82x
Including Interest on Deposits:
Fixed Charges:
Interest Expense	$	578		495		451		412		512
One-Third of Rents, Net of Income from Subleases		29		32		29		28		28
Total Fixed Charges	$	607		527		480		440		540
Earnings:
Income Before Income Taxes	$	2,065		2,365		2,028		2,598		2,210
Fixed Charges		607		527		480		440		540
Total Earnings	$	2,672		2,892		2,508		3,038		2,750
Ratio of Earnings to Fixed Charges, Including Interest on Deposits		4.40x		5.49x		5.23x		6.90x		5.09x