Exhibit 12.1

Fifth Third Bancorp

Computations of Consolidated Ratios of Earnings to Fixed Charges

($ in Millions)

		Years Ended December 31,
		2017		2016		2015		2014		2013
Excluding Interest on Deposits:
Fixed Charges:
Interest Expense (excluding interest on deposits)	$		414		373		309		249	210
One-Third of Rents, Net of Income from Subleases			30		29		32		29	28
Total Fixed Charges	$		444		402		341		278	238
Earnings:
Income Before Income Taxes	$		2,771		2,065		2,365		2,028	2,598
Fixed Charges			444		402		341		278	238
Total Earnings	$		3,215		2,467		2,706		2,306	2,836
Ratio of Earnings to Fixed Charges, Excluding Interest on Deposits			7.24x		6.14x		7.94x		8.29x	11.92x
Including Interest on Deposits:
Fixed Charges:
Interest Expense	$		691		578		495		451	412
One-Third of Rents, Net of Income from Subleases			30		29		32		29	28
Total Fixed Charges	$		721		607		527		480	440
Earnings:
Income Before Income Taxes	$		2,771		2,065		2,365		2,028	2,598
Fixed Charges			721		607		527		480	440
Total Earnings	$		3,492		2,672		2,892		2,508	3,038
Ratio of Earnings to Fixed Charges, Including Interest on Deposits			4.84x		4.40x		5.49x		5.23x	6.90x