EX-99.2

2Q17 Earnings Presentation

July 21, 2017

Refer to earnings release dated July 21, 2017 for further information.

Exhibit 99.2

Cautionary statement

This presentation 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

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) changes in customer preferences or information technology systems; (12) effects of critical accounting

policies and judgments; (13) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board (FASB) or other regulatory

agencies; (14) 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; (15) ability to maintain favorable ratings from rating agencies; (16) failure of models or risk management systems or controls; (17) fluctuation of Fifth Third’s

stock price; (18) ability to attract and retain key personnel; (19) ability to receive dividends from its subsidiaries; (20) potentially dilutive effect of future acquisitions on current

shareholders’ ownership of Fifth Third; (21) declines in the value of Fifth Third’s goodwill or other intangible assets; (22)

effects of accounting or financial results of one or more

acquired entities; (23) difficulties from Fifth Third’s investment in, relationship with, and nature of the operations of Vantiv

Holding, LLC; (24) loss of income from any sale or

potential sale of businesses (25) difficulties in separating the operations of any branches or other assets divested; (26) losses or adverse impacts on the carrying values of

branches and long-lived assets in connection with their sales or anticipated sales; (27) inability to achieve expected benefits from branch consolidations and planned sales

within desired timeframes, if at all; (28) ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications

networks; and (29) 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.

In this presentation, we may sometimes provide non-GAAP financial information. Please note that although non-GAAP financial measures provide useful insight to analysts,

investors and regulators, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures. We provide GAAP reconciliations for non-

GAAP measures in a later slide in this presentation as well as in our earnings release, both of which are available in the investor relations section of our website, www.53.com.

Management has provided forward-looking guidance on certain non-GAAP measures in connection with this presentation in order to facilitate comparability with the Bancorp’s

historical performance and financial condition as reflected in these non-GAAP measures. Such forward-looking non-GAAP measures include return on tangible common equity;

net interest margin (FTE); net interest income (FTE); and adjusted noninterest income, excluding certain transactions and adjustments related to the Bancorp’s investment in

Vantiv, Visa total return swap, and branch sales, closures and consolidations. Bancorp’s management does not estimate on a forward-looking basis the impact of items similar

to those that it has excluded to generate these non-GAAP measures on a historical basis because the occurrence and amounts of items such as these are difficult to predict. As

a result, the Bancorp has not provided reconciliations of its forward-looking non-GAAP measures.

•

Net interest income up $18 million versus adjusted Q1

NII¹, and up $37 million year-over-year

•

NIM up 3 bps versus adjusted Q1 NIM¹,

and up 13 bps

year-over-year

•

Tightly-managed noninterest expenses; down 3%

sequentially and down 3% year-over-year

•

Solid credit performance

•

CCAR non-objection, including substantial dividend

and repurchase increases from previous cycle

(~120% payout

)

•

Executing on North Star plans

2Q17 highlights

Non-GAAP measure: See Reg

G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release

See page 4

of the presentation for impact of certain items

based on consensus earnings estimates as of 7/20/2017

Diluted Earnings

Per Share

$0.45

Included $0.01 negative impact

from a certain item

Net Income to

Common

$344 million

ROA

1.05%

ROTCE¹

10.7%

Pre-tax item included in

2Q17 results had a

negative $0.01 EPS

impact:

–

A $9 million pre-tax

(~$6 million after-tax)²

charge related to the

valuation of the Visa total

return swap

Credit trends

–

NCO ratio of 28 bps,

down 12 bps sequentially

and down 9 bps year-

over-year

–

Portfolio NPA ratio of 72

bps, down 7 bps

sequentially and down 14

bps year-over-year

Noninterest expense

down 3% sequentially and

down 3% year-over-year

2Q17 in review

Non-GAAP measure: See Reg

G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release

Assumes a 35% tax rate

($ in millions)

2Q17

Seq.

YOY

Average Balances

Total loans & leases (ex. HFS)

$91,972

(2%)

Core deposits

$99,570

(1%)

Income Statement Data

Net interest income (FTE)

945

Provision for loan & lease losses

(30%)

(43%)

Noninterest income

564

(6%)

Noninterest expense

957

(3%)

Net income attributable to Bancorp

$367

20%

12%

Net income available to common

shareholders

$344

19%

13%

Financial Ratios

Earnings per share, diluted

$0.45

18%

15%

Net interest margin (FTE)

3.01%

(1bp)

13bps

Efficiency ratio (FTE)

63.4%

(400bps)

(190bps)

Return on average assets

1.05%

17bps

13bps

Return on average common equity

9.0%

120bps

100bps

Return on average tangible common equity

10.7%

140bps

110bps

Tangible book value per share

$17.11

FY: ~1% commercial loan growth (EOP), including impact of $600 million of remaining exits

FY: Low to mid-single digit consumer & mortgage loan growth (EOP), excluding auto balances

Current Outlook:

Avg +1% YoY

Balance sheet

Loan & lease balances

($ billions)

•

Transaction deposits down 1% vs. 1Q17;

up 1% YoY, driven by increased:

–

Interest checking

–

Consumer money market

•

Average loan-to-core deposit ratio of 92%

•

Modified LCR of 122% at 2Q17

Core deposit balances

($ billions)

Securities and

short-term investments

($ billions)

•

Average securities up $2.1B YoY

driven by:

–

Opportunistically deployed cash

over last three quarters at more

attractive entry points than those

experienced prior to the U.S.

presidential election

•

Securities portfolio / total assets of

22.9% compared to 21.1% in 2Q16

All balances are on an average basis; loan balances exclude HFS

•

Commercial flat vs. 1Q17; down 2% YoY

–

Commercial up 1% vs. 1Q17 and up 3%

YoY excl. deliberate exits

–

C&I down 1% vs. 1Q17 and 5% YoY

–

CRE up 2% vs. 1Q17 and 7% YoY

•

Consumer down 1% vs. 1Q17; down 2%

YoY

–

Consumer flat vs.1Q17 and up 4% YoY

excl. auto

–

Auto down 4% vs. 1Q17 and 14% YoY

–

HE down 3% vs. 1Q17 and 8% YoY

–

Mortgage up 1% vs. 1Q17 and 10% YoY

Transaction

Other time

Loan-to-core

deposit ratio

Short-term investments

Average securities

$30.1

$29.8

$30.8

$31.9

$32.2

$32.1

$31.7

$32.6

$33.2

$33.5

2Q16

3Q16

4Q16

1Q17

2Q17

$94.9

$97.0

$95.8

$99.0

$98.9

$100.9

$100.8

$99.6

95%

92%

91%

92%

2Q16

3Q16

4Q16

1Q17

2Q17

2Q16

3Q16

4Q16

1Q17

2Q17

Net interest income

Non-GAAP measure: See Reg

G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release

•

NII & NIM performance vs. prior year NII

& NIM driven by:

Improved short-term market rates

•

NII up $37 million

•

NIM up 13 bps

2Q17 vs. 1Q17

2Q17 vs. 2Q16

•

NII & NIM performance vs. prior quarter

adjusted

NII & NIM driven by:

Improved short-term market rates

Loan pricing discipline

Day count (+$6mm, -1 bp)

•

NII up $18 million and NIM up 3 bps

FY: NII (FTE) up 5%; NIM in-line with 2Q17

Q3: NII (FTE) up 2% sequentially; NIM up ~2 bps sequentially

Current Outlook

$908

$913

$909

$927

$945

2.88%

2.86%

3.02%

3.01%

2.91%

2.98%

2Q16

3Q16

4Q16

1Q17

2Q17

NII and NIM (FTE)

($ millions)

NII

Adjusted NII

NIM

Adjusted NIM

$925

$939

•

Adjusted

noninterest income down $31

million, or 5%, driven by:

Lower capital markets revenue

compared to record quarter last year

Lower mortgage banking net revenue

FY adjusted: up 2%, excluding mortgage

Q3 adjusted: up 2%, excluding mortgage

Noninterest income

•

Adjusted

noninterest income up $35

million, or 7%, driven by:

Q1 lease remarketing impairment

Higher mortgage banking net revenue

2Q17 vs. 1Q17

2Q17 vs. 2Q16

Current Outlook

1,2

$599

$840

$620

$523

$564

$602

$596

$608

$536

$571

2Q16

3Q16

4Q16

1Q17

2Q17

Noninterest income

($ millions)

Noninterest Income

Adjusted Noninterest Income

Non-GAAP measure: See Reg G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release

2016 excludes all items shown on page 23 of this presentation as well as Q1 2016 items shown in the prior quarter earnings presentation Reg G reconciliation, and excludes all mortgage

banking net revenue (resulting in $2.1BN); Q2 2017 excludes all items shown on page 23 of this presentation, and excludes all mortgage banking net revenue (resulting in $516 million).

Noninterest expense

Non-GAAP

measure:

See

Reg

reconciliation

pages

and

this

presentation

and

use

non-GAAP

measures

page

the

earnings

release

FY: flat, including incremental North Star expenses

Q3: up ~1% from 3Q16

•

Noninterest expense down 3%, driven by:

Diligent expense management

throughout the bank

Seasonally higher comp-related

expenses in 1Q17

2Q17 vs. 1Q17

2Q17 vs. 2Q16

•

Noninterest expense

down 3%, driven by:

Diligent expense management

throughout the bank, with improvement

in all categories

Current Outlook:

$983

$973

$960

$986

$957

$974

$970

$955

$986

$957

2Q16

3Q16

4Q16

1Q17

2Q17

Noninterest expense

($ millions)

Noninterest Expense

Adjusted Noninterest Expense

–

•

2Q17 net charge-offs of 0.28%, down 12 bps

from 1Q17 and down 9 bps from 2Q16

•

2Q17 portfolio NPAs down $59MM from 1Q17

and $143MM from 2Q16

•

2Q17 criticized assets at 5.50% of commercial

loans, lowest in over 10 years

•

2Q17 allowance for loan & lease losses of

1.34%, down 1 bp

sequentially

Credit quality overview

NCOs range-bound with potential quarterly variability

Provision reflective of loan growth

Current Outlook:

Strong capital and liquidity position

Current period regulatory capital & liquidity ratios are estimated

CET1 strong at 10.63%, down 13 bps sequentially; up 69 bps from 2Q16

CCAR 2017 capital plan:

29% increase in common dividend through multiple raises (to $0.16 in 3Q17 and

to $0.18 in 2Q18)

$1.161 billion in repurchases (including $88 million related to employee benefit

plans)

Modified LCR of 122% as of June 30, 2017

–

Executing on our North Star revenue growth

plans

Middle Market, Vertical &

Specialty Lending

Capital Markets

Wholesale Payments

Personal Lending

Mortgage

Credit Card

Consumer Households

Insurance

Wealth & Asset Management

2019

4Q annualized

Example Projects:

•

Middle Market Expansion

•

Asset-based lending

•

New verticals

•

FICC client platform upgrade

•

Sponsor coverage expansion

•

ECM/DCM expansion

•

Acquisitions

•

Organic growth

•

Commercial card expansion

•

Expanded capabilities

•

New client portal

•

Technology enhancements

•

Direct personal unsecured offerings

•

GreenSky

partnership

•

Efficiencies with mortgage loan origination system

•

Market share capture

•

Servicing portfolio growth

$27

$64

($4)

$31

$56

($3)

($5)

$22

$14

$48

$74

($6)

$19

$42

($2)

($7)

$10

($7)

$15

($6)

$11

($13)

$112

$299

Table above excludes expected pre-tax benefits from baseline and expense initiatives

•

Analytical enhancements

•

New product expansion

•

Direct Marketing

•

Focus on reduced attrition

•

Product add-ons with Millennial appeal

•

Salesforce growth

•

Acquisitions

•

Robo

investment platform

2018

4Q annualized

2017

4Q annualized

($s in millions, pre-tax)

Current outlook

Non-GAAP measure: See Reg

G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release

2016

excludes

all

items

shown

page

this

presentation

well

2016

items

shown

the

prior

quarter

earnings

presentation

Reg

reconciliation,

and

excludes

all

mortgage

banking

net

revenue

(resulting

$2.1BN);

2017

excludes

all

items

shown

page

this

presentation,

and

excludes

all

mortgage

banking

net

revenue

(resulting

$516

million).

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 21, 2017;

please see cautionary statement on slide 2 regarding forward-looking statements

Total loans & leases

(EOP excl. HFS)

Net interest income (FTE)

Net interest margin (FTE)

Noninterest income

1,2

Noninterest expense

Effective tax rate

Credit items

•

FY 2017: ~1% commercial loan growth, incl. impact of $600 million of remaining exits in 2017

•

FY 2017: Low to mid-single digit consumer & mortgage loan growth, excluding auto balances

•

FY 2017: Up 5%

•

Q3 2017: Up 2% sequentially

•

FY 2017: in-line with 2Q17

•

Q3 2017: Up ~2 bps sequentially

•

FY 2017 adjusted: up 2%, excluding mortgage

•

Q3 2017 adjusted: up 2%, excluding mortgage

mortgage revenue excluded given volatility from significant increase in interest rates at the end of 2016

•

FY 2017: flat (including incremental North Star expenses)

•

Q3 2017: up 1% from 3Q16

•

FY 2017: 24.5% -

25.5% range

•

Q3 2017: 25.5% range

assumes no Federal corporate tax rate change

•

NCOs range-bound with potential quarterly variability

•

Provision reflective of loan growth

Appendix

($ in millions)

2Q16

3Q16

4Q16

1Q17

2Q17

Net interest income (FTE)

$908

$913

$909

$939

$945

Add: Noninterest income

599

840

620

523

564

Less: Noninterest expense

983

973

960

986

957

Pre-provision net revenue

$524

$780

$569

$476

$552

Adjustments to remove (benefit) / detriment

In net interest income:

Bankcard refunds

(12)

In noninterest income:

Gain on Vantiv warrant actions

(9)

Gain from termination and settlement of Vantiv TRA

(280)

Gain on sale from the sale of a non-branch facility

(11)

Branch and land valuation adjustments

Valuation of 2009 Visa total return swap

(6)

Transfer of nonconforming investments under Volcker to HFS

Vantiv

warrant valuation

(19)

Gain on sale of certain branches

(11)

Gain on sale of the agented bankcard loan portfolio

(11)

Securities (gains) / losses

(6)

(4)

Securities

(gains),

net

non

qualifying

hedges

mortgage

servicing rights

(2)

In noninterest expense:

Contribution to Fifth Third Foundation

Retirement eligibility changes

Adjusted PPNR

$536

$539

$578

$477

$559

PPNR reconciliation

PPNR and

efficiency ratio trends

Non-GAAP

measures:

See

Reg

reconciliation

pages

and

this

presentation

and

use

non-GAAP

measures

page

the

earnings

release

Prior quarters include similar adjustments

•

Adjusted PPNR up 17% vs. 1Q17 driven by:

–

Diligent expense management

–

NII growth, primarily from market rates

–

$18MM LTI expense pulled forward to Q1

–

Lease remarketing impairment in Q1

•

Adjusted

PPNR

YoY

driven

by:

–

Diligent expense management

–

NII growth, primarily from market rates

–

Partially offset by lower mortgage banking net revenue

65.3%

55.5%

62.8%

67.4%

63.4%

64.5%

64.3%

62.3%

67.4%

63.1%

2Q16

3Q16

4Q16

1Q17

2Q17

Efficiency ratio

Efficiency Ratio

Adjusted Efficiency Ratio

$536

$539

$578

$477

$559

2Q16

3Q16

4Q16

1Q17

2Q17

PPNR

trend

($ millions)

Adjusted PPNR

Reported PPNR

Strong liquidity profile

Demand

25%

Interest

checking

18%

Savings/

MMDA

24%

Consumer

time

Foreign

Office

Non-Core

Deposits

S-T

borrowings

Other

liabilities

Equity

12%

L-T debt

Heavily core funded as of 06/30/2017

Available and contingent borrowing capacity (2Q17):

–

FHLB ~$8.0B available, ~$13.7B total

–

Federal Reserve ~$31.6B

The $500MM matured in 1Q17

The $650MM matured in 2Q17

Holding Company:

Modified LCR of 122%

Holding Company cash at June 30, 2017: $2.6B

Cash currently sufficient to satisfy all fixed obligations in a stressed

environment for ~27 months (debt maturities, common and preferred

dividends, interest and other expenses) without accessing capital

markets, relying on dividends from subsidiaries or any other actions

$700MM of 5 year senior notes were issued from the Holding Company

in 2Q17

Bank Entity:

$650MM of debt matured at the Bank in 2Q17

The Bank did not issue any additional debt in 2Q17

2017 Funding Plans

Fifth Third would not be required to replace 2017 debt maturities to

maintain our current senior debt ratings under the Moody’s LGF

methodology

Any additional debt issuance in 2017 would result from general balance

sheet management and prudent liquidity risk management

S-T

wholesale

$500

$1,100

$3,012

2017

2018

2019

2020

2021

2022 on

Fifth Third Bancorp

First Charter Capital Trust

Holding company unsecured debt maturities

($ millions)

$650

$1,850

$2,600

$2,100

$750

2017

2018

2019

2020

2021

2022 on

Bank unsecured debt maturities

millions –

excl. Retail Brokered & Institutional CDs)

Balance sheet positioning

Commercial

Loans

1,2

Investment

Portfolio

Consumer

Loans

Data as of 06/30/17

Includes HFS Loans & Leases

Fifth Third had $4.48B

1ML receive-fix swaps outstanding against C&I loans, which are being included in fixed

Fifth Third had $2.96B

3ML receive-fix swaps outstanding against long-term debt, which are being included in floating, long-term debt with swaps outstanding reflected at fair value

•

Fixed: $14.0B

1, 2

•

Float: $42.3B

1, 2

•

1ML based: 70%

(of total commercial)

•

3ML based: 8% (of total commercial)

•

Prime based: 4% (of total commercial)

•

Weighted avg. life: 1.65 years

•

50% allocation to bullet/locked-out

cash flow securities

•

Investment portfolio yield: 3.05%

•

Duration: 4.9 years

•

Net unrealized pre-tax gain: $331MM

•

97% AFS

•

Fixed: $25.5B

•

Float: $10.4B

•

12ML based: 10% (of total consumer)

•

Prime based: 23% (of total consumer)

•

Weighted avg. life: 3.76 years

•

Auto weighted avg. life: 1.39 years

Long-term

Debt

Key Characteristics

Balance Sheet Mix

Fixed vs. Floating

Level 1

100% Fix / 0% Float

Level 2A

100% Fix / 0% Float

Non-HQLA

/Other

76% Fix / 24% Float

C&I

20% Fix / 80% Float

Commercial

Mortgage

22% Fix / 78% Float

4% Fix / 96% Float

Commercial

Construction

100% Fix / 0% Float

Commercial

Lease

Resi Mtg &

Construction

91% Fix / 9% Float

Auto

99% Fix / 1% Float

10% Fix / 90% Float

Home Equity

30% Fix / 70% Float

Credit Card

23% Fix / 77% Float

Other

•

Fixed: $9.9B

•

Float: $3.5B

•

1ML based: 0% (of total long term debt)

•

3ML based: 26% (of total long term debt)

•

Weighted avg. life: 4.46 years

Senior Debt

76% Fix / 24% Float

Sub Debt

64% Fix / 36% Float

100% Fix / 0% Float

Auto Securiz.

Proceeds

0% Fix / 100% Float

TRUPS

100% Fix / 0% Float

Other

Interest rate risk management

Data as of 06/30/17

Actual

results

may

vary

from

these

simulated

results

due

differences

between

forecasted

and

actual

balance

sheet

composition,

timing,

magnitude,

and

frequency

interest

rate

changes, as well as other changes in market conditions and management strategies.

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

•

NII benefits from asset rate reset in a rising rate environment

–

56% of total loans are floating rate considering impacts of interest rate swaps (75% of

total commercial and 27%

of total consumer)

–

Investment portfolio duration of 4.9 years

–

Short-term borrowings represent approximately 25% of total wholesale funding, or 4% of total funding

–

Approximately $11 billion 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 $2.5 billion (about 10%) for each 100 bps

increase in rates

–

DDA runoff rolls into an interest bearing product with a 100% beta

Estimated NII Sensitivity Profile and ALCO Policy Limits

Estimated EVE Sensitivity Profile and ALCO Policy Limits

% Change in

NII (FTE)

ALCO Policy Limits

Change in EVE

Change in Interest Rates (bps)

ALCO Policy Limit

Months

13-24

Months

13-24

Months

+200 Shock

(4.85%)

(12.00%)

Change in Interest Rates (bps)

+100 Shock

(1.87%)

+200 Ramp over 12 months

1.90%

5.85%

(4.00%)

(6.00%)

+25 Shock

(0.30%)

+100 Ramp over 12 months

1.13%

3.74%

-100 Shock

(1.31%)

-50 Ramp over 6 months

(4.04%)

(7.51%)

(6.00%)

(8.00%)

Estimated NII Sensitivity with Demand Deposit Balance Changes

Estimated NII Sensivity with Deposit Beta Changes

% Change in NII (FTE)

$1B Balance Decrease

$1B Balance Increase

Betas 25% Higher

Betas 25% Lower

Change in Interest Rates (bps)

Months

13-24

Months

13-24

Months

Change in Interest Rates (bps)

Months

13-24

Months

13-24

Months

+200 Ramp over 12 months

1.65%

6.46%

2.16%

7.49%

+200 Ramp over 12 months

(0.99%)

1.19%

4.80%

12.76%

+100 Ramp over 12 months

1.07%

4.12%

1.33%

4.63%

+100 Ramp over 12 months

(0.24%)

1.48%

2.65%

7.27%

Mortgage banking results

•

$2.3B in originations, up 17% sequentially and down 16% YoY; 70% purchase volume

•

2Q17 mortgage banking drivers:

–

Origination fees and gain on sale revenue up $8MM, or 28%, sequentially

–

Gain on sale margin up 11 bps sequentially

–

Net MSR valuation adjustments of negative $1MM; servicing rights amortization/decay of $30MM

–

$49MM in gross servicing fees

•

YoY

decline in mortgage banking revenue driven primarily by lower origination fees and gains on

loan sales

•

$10 billion in YTD MSR purchases

($7.6 billion to be on-boarded in the third quarter of 2017)

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

$1.70

$1.79

$1.66

$1.25

$1.49

$1.05

$1.09

$1.06

$0.68

$0.77

2.62%

3.01%

1.69%

1.98%

2.09%

2Q16

3Q16

4Q16

1Q17

2Q17

Originations for sale

Originations HFI

Margin

Mortgage originations and gain-on-sale margins¹

($ billions)

(35)

(27)

(30)

(9)

(1)

2Q16

3Q16

4Q16

1Q17

2Q17

Mortgage banking revenue

($ millions)

Net MSR valuation adjustments

MSR amortization/decay

Gross servicing fees

Orig fees and gains on loan sales

Limited higher-risk retail exposure

•

~33% to regional malls

•

~82% A/B properties

•

~43% underlying to large

box/general retailer

•

Stringent customer selection and large diversified portfolios that are conservatively leveraged

•

Actively managing with monthly reviews

•

~98% of Specialty & general C&I balances are ABL or investment grade; ~2% of balances are criticized

•

~19% of CRE balances are investment grade; ~1% of balances are criticized

•

Retail C&I general and specialty retailers: WA ABL borrowing base of ~85%

$769MM

CRE

$1.9BN

Specialty

& general

C&I

Total Loans & Leases

$92.3BN

•

$1.51BN: specialty retailers

•

$365MM: general retailers

$385MM

REIT

Portfolio Composition:

Additional Metrics:

•

$584MM: mortgage

•

$185MM: construction

•

~90% to non-clothing and

non-electronic stores

•

~3% to mall anchors

•

$385MM in balances to REITs

with retail-heavy focus

(subset of $1.3BN total REIT portfolio, targeting

malls, strip centers, lifestyle centers, etc. as their

primary investment vehicles)

•

11 well-diversified REITs to

well-known borrowers

•

~33% to mall REITs

End of period total loans & leases including HFS as of 6/30/2017

In addition to C&I loans to specialty and general retailers, Retail Trade NAICS industry classification also includes $2.2BN in C&I loans to grocery & drug, gas stations & convenience, and

motor vehicle parts borrowers

Higher-risk retail

$3.1BN

NPL rollforward

NPL HFI Rollforward

Commercial

2Q16

3Q16

4Q16

1Q17

2Q17

543

539

460

523

Transfers to nonaccrual status

104

145

161

128

Transfers to accrual status

(6)

(4)

(13)

Transfers from held for sale

Transfers to held for sale

(36)

(3)

(1)

Loans sold from portfolio

(2)

(3)

(9)

Loan paydowns/payoffs

(52)

(112)

(53)

(80)

(69)

Transfers to OREO

(3)

(1)

(3)

(2)

Charge-offs

(51)

(81)

(40)

(46)

(41)

Draws/other extensions of credit

539

460

523

485

Consumer

2Q16

3Q16

4Q16

1Q17

2Q17

158

154

141

137

134

Transfers to nonaccrual status

Transfers to accrual status

(31)

(28)

(21)

(19)

Transfers from held for sale

Transfers to held for sale

Loans sold from portfolio

Loan paydowns/payoffs

(11)

(10)

(8)

(10)

(13)

Transfers to OREO

(7)

(5)

(4)

Charge-offs

(11)

(13)

(14)

(12)

Draws/other extensions of credit

154

141

137

134

129

Total NPL

693

601

660

657

614

Total new nonaccrual loans - HFI

160

190

205

170

127

Beginning NPL amount

Ending Commercial NPL

Beginning NPL amount

Ending Consumer NPL

Residential Mortgage

Commercial & Industrial

Home Equity & Automobile

Commercial Real Estate

*Excludes loans held-for-sale

Credit trends

($ in millions)

2Q16

3Q16

4Q16

1Q17

2Q17

EOP Balance*

$43,558

$42,727

$41,676

$41,074

$40,914

Avg Balance*

$43,876

$43,116

$42,548

$41,854

$41,601

90+ days delinquent

as % of loans

0.02%

0.01%

NPAs*

$477

$419

$488

$490

$452

as % of loans

1.10%

0.98%

1.17%

1.19%

1.10%

Net charge-offs

$39

$61

$25

$36

$18

as % of loans

0.36%

0.56%

0.24%

0.34%

0.17%

C&I

($ in millions)

2Q16

3Q16

4Q16

1Q17

2Q17

EOP Balance*

$14,307

$14,643

$15,051

$15,336

$15,460

Avg Balance*

$14,046

$14,455

$14,854

$15,200

$15,417

90+ days delinquent

$38

$43

$49

$45

as % of loans

0.27%

0.29%

0.33%

0.29%

NPAs*

$69

$58

$53

$48

$42

as % of loans

0.48%

0.40%

0.35%

0.31%

0.27%

Net charge-offs

as % of loans

0.06%

0.07%

0.06%

0.13%

0.04%

Residential mortgage

($ in millions)

2Q16

3Q16

4Q16

1Q17

2Q17

EOP Balance*

$6,875

$6,856

$6,899

$6,924

$6,868

Avg Balance*

$6,831

$6,888

$6,957

$6,941

$6,845

NPAs*

$114

$86

$72

$64

$56

as % of loans

1.66%

1.25%

1.04%

0.92%

0.82%

Net charge-offs

as % of loans

0.38%

0.08%

0.11%

0.29%

0.33%

Commercial mortgage

($ in millions)

2Q16

3Q16

4Q16

1Q17

2Q17

EOP Balance*

$3,706

$3,905

$3,903

$4,283

$4,366

Avg Balance*

$3,551

$3,848

$3,890

$3,987

$4,306

NPAs*

as % of loans

0.19%

0.13%

Net charge-offs

as % of loans

(0.00%)

0.00%

(0.00%)

Commercial construction

($ in millions)

2Q16

3Q16

4Q16

1Q17

2Q17

EOP Balance*

$7,988

$7,864

$7,695

$7,469

$7,301

Avg Balance*

$8,054

$7,918

$7,779

$7,581

$7,385

90+ days delinquent

as % of loans

Net charge-offs

as % of loans

0.30%

0.32%

0.35%

0.33%

0.27%

Home equity

($ in millions)

2Q16

3Q16

4Q16

1Q17

2Q17

EOP Balance*

$10,671

$10,349

$9,983

$9,572

$9,318

Avg Balance*

$10,887

$10,508

$10,162

$9,786

$9,410

90+ days delinquent

as % of loans

0.07%

0.08%

0.09%

0.06%

0.08%

Net charge-offs

$11

as % of loans

0.26%

0.35%

0.40%

0.48%

0.27%

Automobile

Regulation G non-GAAP reconciliation

See page 32 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

2017

2016

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

$344

$290

$372

$501

$305

Add:

Intangible amortization, net of tax

Tangible net income available to common shareholders

$344

$290

$372

$501

$305

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

$1,380

$1,176

$1,480

$1,993

$1,227

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

$16,615

$16,429

$16,545

$16,883

$16,584

Less:

Average preferred stock

(1,331)

Average goodwill

(2,424)

(2,416)

Average intangible assets and other servicing rights

(18)

(10)

(11)

Average tangible common equity (b)

$12,842

$12,672

$12,788

$13,126

$12,826

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

$16,419

$16,430

$16,205

$16,776

$16,726

Less:

Preferred stock

(1,331)

Goodwill

(2,423)

(2,419)

(2,416)

Intangible assets and other servicing rights

(18)

(11)

(10)

(11)

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

$12,647

$12,669

$12,448

$13,019

$12,968

Less:

Accumulated other comprehensive income

(163)

(68)

(59)

(755)

(889)

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

$12,484

$12,601

$12,389

$12,264

$12,079

Total assets (U.S. GAAP)

$141,067

$140,200

$142,177

$143,279

$143,625

Less:

Goodwill

(2,423)

(2,419)

(2,416)

Intangible assets and other servicing rights

(18)

(11)

(10)

(11)

Tangible assets, including unrealized gains / losses (e)

$138,626

$137,770

$139,751

$140,853

$141,198

Less:

Accumulated other comprehensive income / loss, before tax

(251)

(105)

(91)

(1,162)

(1,368)

Tangible assets, excluding unrealized gains / losses (f)

$138,375

$137,665

$139,660

$139,691

$139,830

Common shares outstanding (g)

739

750

756

766

Ratios:

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

10.7%

9.3%

11.6%

15.2%

9.6%

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

9.02%

9.15%

8.87%

8.78%

8.64%

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

9.12%

9.20%

8.91%

9.24%

9.18%

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

$17.11

$16.89

$16.59

$17.23

$16.93

For the Three Months Ended

Regulation G non-GAAP reconciliation

See page 32 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

2017

2016

CET 1 capital (transitional)

$12,522

$12,636

$12,426

$12,299

$12,112

Less:

Adjustments to CET 1 capital from transitional to fully phased-in (1)

(4)

(2)

(4)

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

12,518

12,634

12,422

12,295

12,108

Risk-weighted assets (transitional)

117,701

117,407

119,632

120,954

121,824

Add:

Adjustments to risk-weighted assets from transitional to fully phased-in (2)

1,274

1,164

1,115

929

932

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

$119,045

$118,571

$120,747

$121,883

$122,756

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

10.52%

10.66%

10.29%

10.09%

9.86%

(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

Net interest income (U.S. GAAP)

$939

$933

$903

$907

$902

Add:

FTE Adjustment

Net interest income (FTE) (j)

$945

$939

$909

$913

$908

Net interest income (FTE) (annualized) (k)

$3,790

$3,808

$3,616

$3,632

$3,652

Net interest income (FTE)

$945

$939

$909

$913

$908

Bankcard refunds / (reversal)

(12)

Adjusted net interest income (FTE) (l)

$945

$927

$925

$913

$908

Adjusted net interest income (FTE) (annualized) (m)

$3,790

$3,760

$3,680

$3,632

$3,652

Noninterest income (U.S. GAAP) (n)

$564

$523

$620

$840

$599

Gain on Vantiv warrant actions

(9)

Vantiv TRA-related transactions

(280)

Gain from the sale of a non-branch facility

(11)

Branch / land impairment charge

Valuation of 2009 Visa total return swap

(6)

Transfer of certain nonconforming investments under Volcker to held-for-sale

Vantiv warrant valuation

(19)

Gain on sale of certain branches

(11)

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

(11)

Securities (gains) / losses

(4)

(6)

Securities (gains), net - non-qualifying hedges on mortgage servicing rights

(2)

Adjusted noninterest income (o)

$571

$536

$608

$596

$602

Less:

Mortgage banking net revenue

(55)

(52)

(65)

(66)

(75)

Adjusted noninterest income, excluding mortgage banking net revenue

$516

$484

$543

$530

$527

Noninterest expense (U.S. GAAP) (p)

$957

$986

$960

$973

$983

Contribution for Fifth Third Foundation

(5)

(3)

Adjusted noninterest expense (q)

$957

$986

$955

$970

$974

Average interest-earning assets (r)

126,134

125,968

126,548

126,092

126,847

Ratios:

Net interest margin (k) / (r)

3.01%

3.02%

2.86%

2.88%

Adjusted net interest margin (m) / (r)

3.01%

2.98%

2.91%

2.88%

Efficiency ratio (p) / [(j) + (n)]

63.4%

67.4%

62.8%

55.5%

65.3%

Adjusted efficiency ratio (q) / [(l) + (o)]

63.1%

67.4%

62.3%

64.3%

64.5%

For the Three Months Ended