Exhibit 99.1

CONTACTS:	Sameer Gokhale (Investors)	News Release
	(513) 534-2219
	Larry Magnesen (Media)	FOR IMMEDIATE RELEASE
	(513) 534-8055	April 24, 2018

FIFTH THIRD ANNOUNCES FIRST QUARTER 2018 NET INCOME TO COMMON SHAREHOLDERS OF

$689 MILLION, OR $0.97 PER DILUTED SHARE

• 1Q18 net income available to common shareholders of $689 million, or $0.97 per diluted common share

• Results included a net positive $0.40 impact on reported 1Q18 EPS:

• $414 million pre-tax (~$327 million after-tax)^(a) step-up gain included in other noninterest income from the Vantiv merger with Worldpay

• $39 million pre-tax (~$31 million after-tax)^(a) charge to other noninterest income related to the valuation of the Visa total return swap

• $8 million pre-tax (~$6 million after-tax)^(a) impairment charge to other noninterest income related to an assessment of the branch network which is expected to result in a 9 branch reduction by 3Q18

• $8 million pre-tax (~$6 million after-tax)^(a) charge to other noninterest expense from an adjustment to litigation reserves

• Reported net interest income (NII) of $996 million; taxable equivalent NII of $999 million^(b), up 4% from 4Q17 (or up 1% excluding 4Q17 lease remeasurement)^(b) and up 6% from 1Q17 (or up 8% excluding 1Q17 card remediation impact)^(b)

• Taxable equivalent net interest margin (NIM) of 3.18%^(b), up 16 bps from 4Q17 (or up 8 bps excluding 4Q17 lease remeasurement)^(b) and up 16 bps from 1Q17 (or up 20 bps excluding 1Q17 card remediation impact)^(b)

• Average portfolio loans and leases of $92.3 billion, flat from both 4Q17 and from 1Q17

• Noninterest income of $909 million, compared with $577 million in 4Q17 and $523 million in 1Q17; performance primarily driven by the Worldpay step-up gain previously noted

• Noninterest expense of $1.046 billion, down 3% from 4Q17 and up 6% from 1Q17

• Net charge-offs (NCOs) of $81 million, up $5 million from 4Q17 and down $8 million from 1Q17; NCO ratio of 0.36% compared to 0.33% in 4Q17 and 0.40% in 1Q17

• Portfolio nonperforming asset (NPA) ratio of 0.55%, up 2 bps from 4Q17 and down 24 bps from 1Q17

• 1Q18 provision expense of $23 million compared to $67 million in 4Q17 and $74 million in 1Q17

• Common equity Tier 1 (CET1)^(c) ratio of 10.82%

• Tangible common equity ratio of 8.89%^(b); 9.14% excluding unrealized gains/losses^(b)

• Book value per share of $21.68, flat from 4Q17 and up 8% from 1Q17; tangible book value per share^(b) of $18.05 flat from 4Q17 and up 7% from 1Q17

1

Fifth Third Bancorp (Nasdaq: FITB) today reported first quarter 2018 net income of $704 million versus net income of $509 million in the fourth quarter of 2017 and $305 million in the first quarter of 2017. After preferred dividends, net income available to common shareholders was $689 million, or $0.97 per diluted share, in the first quarter of 2018, compared with $486 million, or $0.67 per diluted share, in the fourth quarter of 2017, and $290 million, or $0.38 per diluted share, in the first quarter of 2017.

Earnings Highlights

	For the Three Months Ended										% Change
	March 2018		December 2017		September 2017		June 2017		March 2017		Seq		Yr/Yr
Income Statement Data ($ in millions)
Net income attributable to Bancorp	$	704	$	509	$	1,014	$	367	$	305		38%		131%
Net income available to common shareholders	$	689	$	486	$	999	$	344	$	290		42%		138%
Earnings Per Share Data
Average common shares outstanding (in thousands):
Basic		689,820		703,372		721,280		741,401		747,668		(2%)		(8%)
Diluted		704,101		716,908		733,285		752,328		760,809		(2%)		(7%)
Earnings per share, basic	$	0.99	$	0.68	$	1.37	$	0.46	$	0.38		46%		161%
Earnings per share, diluted		0.97		0.67		1.35		0.45		0.38		45%		155%
Common Share Data
Cash dividends per common share	$	0.16	$	0.16	$	0.16	$	0.14	$	0.14		—		14%
Book value per share		21.68		21.67		21.30		20.42		20.13		—		8%
Tangible book value per share(b)		18.05		18.10		17.86		17.11		16.89		—		7%
Common shares outstanding (in thousands)		684,942		693,805		705,474		738,873		750,145		(1%)		(9%)
Financial Ratios												bps Change
Return on average assets		2.02%		1.43%		2.85%		1.05%		0.88%		59		114
Return on average common equity		18.6		12.7		25.6		9.0		7.8		590		1080
Return on average tangible common equity(b)		22.4		15.2		30.4		10.7		9.3		720		1310
CET1 capital(c)		10.82		10.61		10.59		10.63		10.76		21		6
Tier I risk-based capital(c)		11.95		11.74		11.72		11.76		11.90		21		5
Net interest margin (taxable equivalent)(b)		3.18		3.02		3.07		3.01		3.02		16		16
Efficiency (taxable equivalent)(b)		54.8		69.7		38.4		63.4		67.4		(1490)		(1260)

“Our first quarter results were strong and reflected the repositioning of our balance sheet over the last 24 months to improve the resiliency of our earnings. Our balance sheet continues to strengthen as evidenced by improving credit quality, strong capital ratios and the level of asset sensitivity which positions us well in the current rate environment,” said Greg D. Carmichael, Chairman, President and CEO of Fifth Third Bancorp.

“Expenses were well managed while we continued to invest in our strategic initiatives. We remain focused on driving improved shareholder returns and achieving our long term profitability targets.”

2

Income Statement Highlights

($ in millions, except per-share data)	For the Three Months Ended										% Change
	March 2018		December 2017		September 2017		June 2017		March 2017		Seq		Yr/Yr
Condensed Statements of Income
Taxable equivalent net interest income(b)	$	999	$	963	$	977	$	945	$	939		4%		6%
Provision for loan and lease losses		23		67		67		52		74		(66%)		(69%)
Total noninterest income		909		577		1,561		564		523		58%		74%
Total noninterest expense		1,046		1,073		975		957		986		(3%)		6%
Taxable equivalent income before income taxes (b)	$	839	$	400	$	1,496	$	500	$	402		110%		109%
Taxable equivalent adjustment		3		7		7		6		6		(57%)		(50%)
Applicable income tax expense (benefit)		132		(116)		475		127		91		(214%)		45%
Net income	$	704	$	509	$	1,014	$	367	$	305		38%		131%
Less: Net income attributable to noncontrolling interests		—		—		—		—		—		NM		NM
Net income attributable to Bancorp	$	704	$	509	$	1,014	$	367	$	305		38%		131%
Dividends on preferred stock		15		23		15		23		15		(35%)		—
Net income available to common shareholders	$	689	$	486	$	999	$	344	$	290		42%		138%
Earnings per share, diluted	$	0.97	$	0.67	$	1.35	$	0.45	$	0.38		45%		155%

Net Interest Income

(Taxable equivalent basis; $ in millions)(b)	For the Three Months Ended										% Change
	March 2018		December 2017		September 2017		June 2017		March 2017		Seq		Yr/Yr
Interest Income
Total interest income	$	1,209	$	1,151	$	1,159	$	1,112	$	1,092		5%		11%
Total interest expense		210		188		182		167		153		12%		37%
Net interest income (NII)	$	999	$	963	$	977	$	945	$	939		4%		6%
Average Yield											bps Change
Yield on interest-earning assets		3.85%		3.61%		3.64%		3.54%		3.51%		24		34
Adjusted yield on interest-earning assets		3.85%		3.69%		3.64%		3.54%		3.51%		16		34
Rate paid on interest-bearing liabilities		0.97%		0.88%		0.85%		0.79%		0.73%		9		24
Ratios
Net interest rate spread		2.88%		2.73%		2.79%		2.75%		2.78%		15		10
Net interest margin (NIM)		3.18%		3.02%		3.07%		3.01%		3.02%		16		16
Adjusted NIM		3.18%		3.10%		3.07%		3.01%		2.98%		8		20
Average Balances											% Change
Loans and leases, including held for sale	$	92,869	$	92,865	$	92,617	$	92,653	$	92,791		—		—
Total securities and other short-term investments		34,677		33,756		33,826		33,481		33,177		3%		5%
Total interest-earning assets		127,546		126,621		126,443		126,134		125,968		1%		1%
Total interest-bearing liabilities		87,607		84,820		85,328		85,320		84,890		3%		3%
Bancorp shareholders’ equity		16,313		16,493		16,820		16,615		16,429		(1%)		(1%)

3

Taxable equivalent NII of $999 million in the first quarter of 2018 increased $36 million, or 4 percent, from the prior quarter. The prior quarter’s results were negatively impacted by a $27 million leveraged lease remeasurement. Excluding the impact of the remeasurement, taxable equivalent NII in the first quarter of 2018 was up $9 million, or 1 percent, from the prior quarter, reflecting higher short-term market rates, partially offset by a lower day count. Taxable equivalent NIM of 3.18 percent in the first quarter of 2018 increased 16 bps from the prior quarter. Excluding the lease remeasurement, taxable equivalent NIM increased 8 bps from the prior quarter’s adjusted NIM, primarily driven by higher short-term market rates and a lower day count.

Compared to the first quarter of 2017, taxable equivalent NII increased $60 million, or 6 percent, from the first quarter of 2017. The first quarter of 2017 results were positively impacted by a $12 million reversal of a previously-estimated charge for refunds to certain bankcard customers. Excluding the card remediation impact, taxable equivalent NII in the first quarter of 2018 was up $72 million, or 8 percent, from the first quarter of 2017, reflecting higher short-term rates and an increase in investment portfolio balances. Taxable equivalent NIM increased 16 bps from the first quarter of 2017, primarily driven by higher short-term market rates, partially offset by the aforementioned card remediation impact. Excluding this impact, the taxable equivalent NIM increased 20 bps from the first quarter of 2017.

Securities

Average securities and other short-term investments were $34.7 billion in the first quarter of 2018 compared to $33.8 billion in the previous quarter and $33.2 billion in the first quarter of 2017. Average available-for-sale debt and other securities of $32.2 billion in the first quarter of 2018 were up $917 million, or 3 percent, sequentially and up $937 million, or 3 percent, from the first quarter of 2017.

Loans

($ in millions)	For the Three Months Ended										% Change
	March 2018		December 2017		September 2017		June 2017		March 2017		Seq		Yr/Yr
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$	41,782	$	41,438	$	41,302	$	41,601	$	41,854		1%		—
Commercial mortgage loans		6,582		6,751		6,807		6,845		6,941		(3%)		(5%)
Commercial construction loans		4,671		4,660		4,533		4,306		3,987		—		17%
Commercial leases		3,960		4,016		4,072		4,036		3,901		(1%)		2%
Total commercial loans and leases	$	56,995	$	56,865	$	56,714	$	56,788	$	56,683		—		1%
Consumer loans:
Residential mortgage loans	$	15,575	$	15,590	$	15,523	$	15,417	$	15,200		—		2%
Home equity		6,889		7,066		7,207		7,385		7,581		(3%)		(9%)
Automobile loans		9,064		9,175		9,267		9,410		9,786		(1%)		(7%)
Credit card		2,224		2,202		2,140		2,080		2,141		1%		4%
Other consumer loans		1,587		1,352		1,055		892		755		17%		110%
Total consumer loans	$	35,339	$	35,385	$	35,192	$	35,184	$	35,463		—		—
Total average portfolio loans and leases	$	92,334	$	92,250	$	91,906	$	91,972	$	92,146		—		—
Average loans held for sale	$	535	$	615	$	711	$	681	$	645		(13%)		(17%)

4

Average portfolio loan and lease balances were flat sequentially and year-over-year. Sequential performance was primarily driven by increases in commercial and industrial (C&I) and other consumer loans, offset by decreases in home equity and commercial real estate loans. Year-over-year performance was primarily driven by increases in other consumer loans and residential mortgage loans, offset by decreases in automobile and home equity loans. Period end portfolio loans and leases of $92.0 billion were flat sequentially and year-over-year.

Average commercial portfolio loan and lease balances were flat sequentially, and increased 1 percent from the first quarter of 2017. Sequential performance was primarily driven by an increase in C&I loans reflecting growth within industry verticals, offset by a decrease in commercial real estate loans. Within commercial real estate, commercial mortgage balances decreased 3 percent and commercial construction balances were flat sequentially. Year-over-year performance was primarily driven by an increase in commercial real estate loans. Period end commercial line utilization of 35 percent compared to 34 percent in the fourth quarter of 2017 and 34 percent in the first quarter of 2017.

Average consumer portfolio loan and lease balances were flat sequentially and year-over-year. Sequential performance was primarily driven by an increase in other consumer loans, offset by a decline in home equity and automobile loan balances. Year-over-year performance was primarily driven by an increase in other consumer loans and residential mortgage loans, offset by lower automobile and home equity loan balances.

Deposits

($ in millions)	For the Three Months Ended										% Change
	March 2018		December 2017		September 2017		June 2017		March 2017		Seq		Yr/Yr
Average Deposits
Demand	$	33,825	$	35,519	$	34,850	$	34,915	$	35,084		(5%)		(4%)
Interest checking		28,403		26,992		25,765		26,014		26,760		5%		6%
Savings		13,546		13,593		13,889		14,238		14,117		—		(4%)
Money market		20,750		20,023		20,028		20,278		20,603		4%		1%
Foreign office(d)		494		323		395		380		454		53%		9%
Total transaction deposits	$	97,018	$	96,450	$	94,927	$	95,825	$	97,018		1%		—
Other time		3,856		3,792		3,722		3,745		3,827		2%		1%
Total core deposits	$	100,874	$	100,242	$	98,649	$	99,570	$	100,845		1%		—
Certificates - $100,000 and over		2,284		2,429		2,625		2,623		2,579		(6%)		(11%)
Other		379		119		560		264		162		218%		134%
Total average deposits	$	103,537	$	102,790	$	101,834	$	102,457	$	103,586		1%		—

Average core deposits increased 1 percent sequentially and were flat year-over-year. Average transaction deposits increased 1 percent sequentially and were flat compared with the first quarter of 2017. The sequential performance was primarily driven by increases in commercial interest checking deposits and consumer money market account balances, partially offset by lower commercial demand deposit account balances. Year-over-year performance was primarily driven by higher consumer money market account balances and commercial interest checking deposits, offset by lower commercial demand deposit account balances and commercial money market account balances. Other time deposits increased by 2 percent sequentially and 1 percent year-over-year.

Average total commercial transaction deposits of $43 billion decreased 2 percent sequentially and decreased 3 percent from the first quarter of 2017. Average total consumer transaction deposits of $54 billion increased 2 percent sequentially and increased 3 percent from the first quarter of 2017.

5

Wholesale Funding

($ in millions)	For the Three Months Ended										% Change
	March 2018		December 2017		September 2017		June 2017		March 2017		Seq		Yr/Yr
Average Wholesale Funding
Certificates - $100,000 and over	$	2,284	$	2,429	$	2,625	$	2,623	$	2,579		(6%)		(11%)
Other deposits		379		119		560		264		162		218%		134%
Federal funds purchased		692		602		675		311		639		15%		8%
Other short-term borrowings		2,423		2,316		4,212		4,194		1,893		5%		28%
Long-term debt		14,780		14,631		13,457		13,273		13,856		1%		7%
Total average wholesale funding	$	20,558	$	20,097	$	21,529	$	20,665	$	19,129		2%		7%

Average wholesale funding of $20.6 billion increased $461 million, or 2 percent, sequentially and increased $1.4 billion, or 7 percent, from the first quarter of 2017. The sequential and year-over-year increase in wholesale funding reflected the increase in interest-earning assets.

Noninterest Income

($ in millions)	For the Three Months Ended										% Change
	March 2018		December 2017		September 2017		June 2017		March 2017		Seq		Yr/Yr
Noninterest Income
Service charges on deposits	$	137	$	138	$	138	$	139	$	138		(1%)		(1%)
Corporate banking revenue		88		77		101		101		74		14%		19%
Mortgage banking net revenue		56		54		63		55		52		4%		8%
Wealth and asset management revenue		113		106		102		103		108		7%		5%
Card and processing revenue		79		80		79		79		74		(1%)		7%
Other noninterest income		460		123		1,076		85		77		274%		497%
Securities gains (losses), net		(11)		1		—		—		—		NM		NM
Securities gains (losses), net - non-qualifying hedges on mortgage servicing rights		(13)		(2)		2		2		—		550%		NM
Total noninterest income	$	909	$	577	$	1,561	$	564	$	523		58%		74%

6

Noninterest income of $909 million increased $332 million sequentially and increased $386 million year-over-year. The sequential and year-over-year comparisons reflect the impact of the following items:

Noninterest Income excluding certain items

($ in millions)	For the Three Months Ended						% Change
	March 2018		December 2017		March 2017		Seq		Yr/Yr
Noninterest Income excluding certain items
Noninterest income (U.S. GAAP)	$	909	$	577	$	523
Worldpay step-up gain		(414)		—		—
Valuation of Visa total return swap		39		11		13
Branch network impairment charge		8		—		—
Securities losses / (gains), net		11		(1)		—
Noninterest income excluding certain items(b)	$	553	$	587	$	536		(6%)		3%

Excluding the items in the table above, noninterest income of $553 million decreased 6 percent from the previous quarter and increased 3 percent from the first quarter of 2017. The sequential performance was impacted by $44 million in revenue recognized from Worldpay related to the tax receivable agreement (TRA) and a $25 million lease remarketing impairment recognized in the fourth quarter of 2017. The year-over-year performance was impacted by a $31 million lease remarketing impairment recognized in the first quarter of 2017. Excluding these impacts, adjusted noninterest income decreased 3 percent sequentially and decreased 2 percent year-over-year, primarily due to lower equity method income resulting from Worldpay acquisition and integration costs.

Corporate banking revenue of $88 million was up 14 percent sequentially and up 19 percent year-over-year. The sequential and year-over-year increases were primarily driven by an increase in M&A advisory fees, as well as the aforementioned lease remarketing impairments recognized both in the fourth quarter of 2017 and first quarter of 2017. Excluding the impact of the lease impairments, corporate banking revenue decreased 14 percent sequentially and decreased 16 percent year-over-year, primarily driven by lower loan syndication fees and business lending fees.

Mortgage Banking Net Revenue

($ in millions)	For the Three Months Ended										% Change
	March 2018		December 2017		September 2017		June 2017		March 2017		Seq		Yr/Yr
Mortgage Banking Net Revenue
Origination fees and gains on loan sales	$	24	$	32	$	40	$	37	$	29		(25%)		(17%)
Net mortgage servicing revenue:
Gross mortgage servicing fees		53		54		56		49		47		(2%)		13%
Net valuation adjustments on MSRs and free-standing derivatives purchased to economically hedge MSRs		(21)		(32)		(33)		(31)		(24)		(34%)		(13%)
Net mortgage servicing revenue		32		22		23		18		23		45%		39%
Total mortgage banking net revenue	$	56	$	54	$	63	$	55	$	52		4%		8%

7

Mortgage banking net revenue was $56 million in the first quarter of 2018, up 4 percent from the fourth quarter of 2017 and up 8 percent from the first quarter of 2017. The sequential increase was driven by a lower negative impact from net valuation adjustments, partially offset by lower origination fees and gains on loan sales. The year-over-year increase was driven by higher gross mortgage servicing fees, partially offset by lower origination fees and gains on loan sales. Originations of $1.6 billion in the current quarter decreased 18 percent sequentially and decreased 19 percent from the first quarter of 2017.

Wealth and asset management revenue of $113 million increased 7 percent from the fourth quarter of 2017 and increased 5 percent from the first quarter of 2017. The sequential increase was primarily driven by seasonally strong tax-related private client service revenue. The year-over-year increase was primarily driven by higher personal asset management revenue.

Card and processing revenue of $79 million in the first quarter of 2018 decreased 1 percent sequentially and increased 7 percent year-over-year. The sequential decrease reflected seasonally lower credit card spend volume compared with the fourth quarter, largely offset by lower rewards costs. The year-over-year increase reflected higher credit spend volume and an increase in actively used cards.

Other noninterest income totaled $460 million in the first quarter of 2018, compared with $123 million in the previous quarter, and $77 million in the first quarter of 2017. As disclosed in the table on page 7, the reported results included the impact of the Worldpay step-up gain, valuation of the Visa total return swap, and the branch impairment charge. For the first quarter of 2018, excluding these items, other noninterest income of $93 million decreased $41 million, or 31 percent, from the fourth quarter of 2017 and increased $3 million, or 3 percent, from the first quarter of 2017. The sequential decrease was primarily due to the $44 million gain from the TRA in the fourth quarter of 2017. The year-over-year increase was primarily due to an increase in private equity investment income.

Net losses on investment securities were $11 million in the first quarter of 2018, compared with a net gain of $1 million in the fourth quarter of 2017 and no net gains/losses in the first quarter of 2017. Net losses on securities held as non-qualifying hedges for the MSR portfolio were $13 million in the first quarter of 2018 and $2 million in the fourth quarter of 2017.

Noninterest Expense

($ in millions)	For the Three Months Ended										% Change
	March 2018		December 2017		September 2017		June 2017		March 2017		Seq		Yr/Yr
Noninterest Expense
Salaries, wages and incentives	$	447	$	418	$	407	$	397	$	411		7%		9%
Employee benefits		110		82		77		86		111		34%		(1%)
Net occupancy expense		75		74		74		70		78		1%		(4%)
Technology and communications		68		68		62		57		58		—		17%
Equipment expense		31		29		30		29		28		7%		11%
Card and processing expense		29		34		32		33		30		(15%)		(3%)
Other noninterest expense		286		368		293		285		270		(22%)		6%
Total noninterest expense	$	1,046	$	1,073	$	975	$	957	$	986		(3%)		6%

8

Noninterest expense of $1.046 billion decreased $27 million, or 3 percent, compared with the fourth quarter of 2017, and increased $60 million, or 6 percent, compared with the first quarter of 2017. Excluding the $8 million litigation reserve charge discussed on page 1, as well as the items related to the Tax Cuts and Jobs Act recognized in the fourth quarter of 2017, noninterest expense increased $63 million, or 6 percent. The sequential increase primarily reflected seasonally higher compensation-related expenses, as well as an increase in the amortization of affordable housing investments primarily resulting from the Tax Cuts and Jobs Act. The year-over-year increase was primarily driven by higher base compensation and technology and communications expense.

Summary of Credit Loss Experience

($ in millions)	For the Three Months Ended
	March 2018		December 2017		September 2017		June 2017		March 2017
Net losses charged-off
Commercial and industrial loans	($	28)	($	32)	($	27)	($	18)	($	36)
Commercial mortgage loans		(1)		1		(3)		(5)		(5)
Commercial leases		—		(1)		—		(1)		(1)
Residential mortgage loans		(3)		(1)		1		(2)		(5)
Home equity		(5)		(4)		(3)		(5)		(6)
Automobile loans		(11)		(10)		(8)		(6)		(11)
Credit card		(25)		(20)		(20)		(22)		(22)
Other consumer loans and leases		(8)		(9)		(8)		(5)		(3)
Total net losses charged-off	($	81)	($	76)	($	68)	($	64)	($	89)
Total losses charged-off	($	103)	($	94)	($	85)	($	95)	($	107)
Total recoveries of losses previously charged-off		22		18		17		31		18
Total net losses charged-off	($	81)	($	76)	($	68)	($	64)	($	89)
Ratios (annualized)
Net losses charged-off as a percent of average portfolio loans and leases		0.36%		0.33%		0.29%		0.28%		0.40%
Commercial		0.21%		0.22%		0.21%		0.17%		0.29%
Consumer		0.60%		0.51%		0.43%		0.46%		0.56%

Net charge-offs were $81 million, or 36 bps of average portfolio loans and leases on an annualized basis, in the first quarter of 2018 compared with net charge-offs of $76 million, or 33 bps, in the fourth quarter of 2017 and $89 million, or 40 bps, in the first quarter of 2017.

Commercial net charge-offs of $29 million, or 21 bps, decreased $3 million sequentially. This primarily reflected a $4 million decrease in net charge-offs of C&I loans, partially offset by a $2 million increase in net charge-offs of commercial mortgage loans.

Consumer net charge-offs of $52 million, or 60 bps, increased $8 million sequentially. This primarily reflected a $5 million increase in net charge-offs on credit card loans.

9

($ in millions)	For the Three Months Ended
	March 2018		December 2017		September 2017		June 2017		March 2017
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	1,196	$	1,205	$	1,226	$	1,238	$	1,253
Total net losses charged-off		(81)		(76)		(68)		(64)		(89)
Provision for loan and lease losses		23		67		67		52		74
Deconsolidation of a variable interest entity		—		—		(20)		—		—
Allowance for loan and lease losses, ending	$	1,138	$	1,196	$	1,205	$	1,226	$	1,238
Reserve for unfunded commitments, beginning	$	161	$	157	$	162	$	159	$	161
Provision for unfunded commitments		(10)		4		(5)		3		(2)
Reserve for unfunded commitments, ending	$	151	$	161	$	157	$	162	$	159
Components of allowance for credit losses:
Allowance for loan and lease losses	$	1,138	$	1,196	$	1,205	$	1,226	$	1,238
Reserve for unfunded commitments		151		161		157		162		159
Total allowance for credit losses	$	1,289	$	1,357	$	1,362	$	1,388	$	1,397
Allowance for loan and lease losses ratio
As a percent of portfolio loans and leases		1.24%		1.30%		1.31%		1.34%		1.35%
As a percent of nonperforming portfolio loans and leases(e)		252%		274%		238%		200%		188%
As a percent of nonperforming portfolio assets(e)		226%		245%		217%		185%		172%

The provision for loan and lease losses totaled $23 million in the first quarter of 2018, and decreased $44 million sequentially, reflecting continued low levels of net charge-offs and an improvement in criticized assets. Provision expense decreased $51 million from the first quarter of 2017.

As of quarter end, the allowance for loan and lease loss ratio represented 1.24 percent of total portfolio loans and leases outstanding, compared with 1.30 percent last quarter, and represented 252 percent of nonperforming loans and leases, and 226 percent of nonperforming assets.

10

($ in millions)	As of
	March 2018		December 2017		September 2017		June 2017		March 2017
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	155	$	144	$	144	$	225	$	251
Commercial mortgage loans		9		12		14		15		21
Commercial leases		4		—		1		1		—
Residential mortgage loans		16		17		19		19		21
Home equity		55		56		56		52		53
Other consumer loans and leases		1		—		—		—		—
Total nonaccrual portfolio loans and leases (excludes restructured loans)	$	240	$	229	$	234	$	312	$	346
Nonaccrual restructured portfolio commercial loans and leases(f)		154		150		214		244		251
Nonaccrual restructured portfolio consumer loans and leases		58		58		58		58		60
Total nonaccrual portfolio loans and leases	$	452	$	437	$	506	$	614	$	657
Repossessed property		9		9		10		11		14
OREO		43		43		39		37		50
Total nonperforming portfolio assets(e)	$	504	$	489	$	555	$	662	$	721
Nonaccrual loans held for sale		5		5		18		7		7
Nonaccrual restructured loans held for sale		19		1		2		1		2
Total nonperforming assets	$	528	$	495	$	575	$	670	$	730
Restructured portfolio consumer loans and leases (accrual)	$	916	$	927	$	929	$	933	$	950
Restructured portfolio commercial loans and leases (accrual)(f)	$	249	$	249	$	232	$	224	$	277
Total loans and leases 30-89 days past due (accrual)	$	299	$	280	$	252	$	190	$	180
Total loans and leases 90 days past due (accrual)	$	107	$	97	$	77	$	75	$	75
Nonperforming portfolio loans and leases as a percent of portfolio loans and leases and OREO(e)		0.49%		0.48%		0.55%		0.67%		0.72%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(e)		0.55%		0.53%		0.60%		0.72%		0.79%

Total nonperforming portfolio assets increased $15 million, or 3 percent, from the previous quarter to $504 million. Portfolio nonperforming loans and leases (NPLs) at quarter end increased $15 million from the previous quarter to $452 million. NPLs as a percent of total loans, leases and OREO at quarter end increased 1 bps from the previous quarter to 0.49 percent.

Commercial portfolio NPLs increased $16 million from last quarter to $322 million, or 0.57 percent of commercial portfolio loans, leases and OREO. Consumer portfolio NPLs decreased $1 million from last quarter to $130 million, or 0.37 percent of consumer portfolio loans, leases and OREO.

OREO balances were flat from the prior quarter at $43 million, and included $18 million in commercial OREO and $25 million in consumer OREO. Repossessed personal property was flat from the prior quarter at $9 million.

Loans over 90 days past due and still accruing increased $10 million from the fourth quarter of 2017 at $107 million. Loans 30-89 days past due of $299 million increased $19 million from the previous quarter.

11

Capital and Liquidity Position    

	For the Three Months Ended
	March 2018		December 2017		September 2017		June 2017		March 2017
Capital Position
Average total Bancorp shareholders’ equity as a percent of average assets		11.52%		11.69%		11.93%		11.84%		11.72%
Tangible equity(b)		10.09%		9.90%		9.84%		9.98%		10.12%
Tangible common equity (excluding unrealized gains/losses)(b)		9.14%		8.94%		8.89%		9.02%		9.15%
Tangible common equity (including unrealized gains/losses)(b)		8.89%		8.99%		9.00%		9.12%		9.20%
Regulatory Capital and Liquidity Ratios
CET1 capital(c)		10.82%		10.61%		10.59%		10.63%		10.76%
Tier I risk-based capital(c)		11.95%		11.74%		11.72%		11.76%		11.90%
Total risk-based capital(c)		15.29%		15.16%		15.16%		15.22%		15.45%
Tier I leverage		10.11%		10.01%		9.97%		10.07%		10.15%
Modified liquidity coverage ratio (LCR)		113%		129%		124%		115%		119%

Capital ratios remained strong and increased during the quarter. The CET1 ratio was 10.82 percent, the tangible common equity to tangible assets ratio^(b) was 9.14 percent (excluding unrealized gains/losses), and 8.89 percent (including unrealized gains/losses). The Tier I risk-based capital ratio was 11.95 percent, the Total risk-based capital ratio was 15.29 percent, and the Tier I leverage ratio was 10.11 percent.

Fifth Third entered into or completed multiple share repurchases during the quarter. Below is a summary of those share repurchases.

• On February 12, 2018, Fifth Third initially settled a $318 million share repurchase agreement, including $283 million of repurchases that were part of Fifth Third’s 2017 CCAR Capital Plan, as well as an additional de minimis repurchase of $35 million. The initial settlement reduced first quarter common shares outstanding by 8.7 million shares. On March 26, 2018, Fifth Third settled the forward contract. An additional 1.0 million shares were repurchased in connection with the completion of this agreement.

• On March 19, 2018, Fifth Third settled the forward contract related to the December 19, 2017 $273 million share repurchase agreement. An additional 0.8 million shares were repurchased in connection with the completion of this agreement.

Based on the transactions noted above, common shares outstanding decreased by approximately 10.5 million shares in the first quarter of 2018 from the fourth quarter of 2017.

Tax Rate

The effective tax rate was 15.8 percent in the first quarter of 2018 compared with (29.8) percent in the fourth quarter of 2017 and 22.9 percent in the first quarter of 2017. The tax rate in the first quarter of 2018 was impacted by a $7 million tax benefit primarily associated with the exercise and vesting of employee equity awards.

12

Other

As of March 31, 2018, Fifth Third Bank owned approximately 15 million units representing a 4.9 percent interest in Vantiv Holding, LLC, convertible into shares of Worldpay, Inc., a publicly traded firm. Based upon Worldpay’s closing price of $82.24 on March 31, 2018, our interest in Worldpay was valued at approximately $1.3 billion. The difference between the market value and the book value of Fifth Third’s interest in Worldpay’s shares is not recognized in Fifth Third’s equity or capital.

Conference Call

Fifth Third will host a conference call to discuss these financial results at 9:00 a.m. (Eastern Time) today. This conference call will be webcast live and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on “About Us” then “Investor Relations”).

Those unable to listen to the live webcast may access a webcast replay through the Fifth Third Investor Relations website at the same web address. Additionally, a telephone replay of the conference call will be available after the conference call until approximately May 8, 2018 by dialing 800-585-8367 for domestic access or 404-537-3406 for international access (passcode 2496576#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of March 31, 2018, the Company had $142 billion in assets and operates 1,153 full-service Banking Centers, and 2,459 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to more than 54,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. As of March 31, 2018, Fifth Third also had a 4.9% interest in Vantiv Holding, LLC, a subsidiary of Worldpay, Inc. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2018, had $363 billion in assets under care, of which it managed $37 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the NASDAQ^® Global Select Market under the symbol “FITB.”

Earnings Release End Notes

(a) Assumes a 21% tax rate.

(b) Non-GAAP measure; see discussion of non-GAAP and Reg. G reconciliation beginning on page 28.

(c) Under the banking agencies’ Basel III Final Rule, assets and credit equivalent amounts of off-balance sheet exposures are calculated according to the standardized approach for risk-weighted assets. The resulting weighted values are added together resulting in the total risk-weighted assets. Current period regulatory capital ratios are estimated.

(d) Includes commercial customer Eurodollar sweep balances for which the Bancorp pays rates comparable to other commercial deposit accounts.

(e) Excludes nonaccrual loans held for sale.

(f) As of June 30, 2017 and March 31, 2017, excludes $7 million of restructured accruing loans and $19 million of restructured nonaccrual loans associated with a consolidated VIE in which the Bancorp has no continuing credit risk due to the risk being assumed by a third party.

13

FORWARD-LOOKING STATEMENTS

This release contains or incorporates 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,” “is anticipated,” “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 those described in this release or 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 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) deteriorating credit quality; (2) loan concentration by location or industry of borrowers or collateral; (3) problems encountered by other financial institutions; (4) inadequate sources of funding or liquidity; (5) unfavorable actions of rating agencies; (6) inability to maintain or grow deposits; (7) limitations on the ability to receive dividends from subsidiaries; (8) cyber-security risks; (9) Fifth Third’s ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; (10) failures by third-party service providers; (11) inability to manage strategic initiatives and/or organizational changes; (12) inability to implement technology system enhancements; (13) failure of internal controls and other risk management systems; (14) losses related to fraud, theft or violence; (15) inability to attract and retain skilled personnel; (16) adverse impacts of government regulation; (17) governmental or regulatory changes or other actions; (18) failures to meet applicable capital requirements; (19) regulatory objections to Fifth Third’s capital plan; (20) regulation of Fifth Third’s derivatives activities; (21) regulatory objections to Fifth Third’s resolution plan; (22) deposit insurance premiums; (23) assessments for the orderly liquidation fund; (24) changes in LIBOR; (25) weakness in the national or local economies; (26) global political and economic uncertainty or negative actions; (27) changes in interest rates; (28) changes and trends in capital markets; (29) fluctuation of Fifth Third’s stock price; (30) volatility in mortgage banking revenue; (31) litigation, investigations, and enforcement proceedings by governmental authorities; (32) breaches of contractual covenants, representations and warranties; (33) competition and changes in the financial services industry; (34) changing retail distribution strategies, customer preferences and behavior; (35) difficulties in identifying, acquiring or integrating suitable strategic partnerships, investments or acquisitions; (36) potential dilution from future acquisitions; (37) loss of income and/or difficulties encountered in the sale and separation of businesses, investments or other assets; (38) results of Vantiv Holding, LLC, a subsidiary of Worldpay, Inc. or other investments or acquired entities; (39) difficulties from or changes in Fifth Third’s investment in, relationship with, and nature of the operations of Vantiv Holding, LLC, a subsidiary of Worldpay, Inc.; (40) changes in accounting standards or interpretation or declines in the value of Fifth Third’s goodwill or other intangible assets; (41) inaccuracies or other failures from the use of models; (42) effects of critical accounting policies and judgments or the use of inaccurate estimates; (43) weather related events or other natural disasters; and (44) the impact of reputational risk created by these or other developments on such matters as business generation and retention, funding and liquidity.

In this release, 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 a discussion of these non-GAAP measures and reconciliation to the most directly comparable GAAP measures beginning on page 28.

# # #

14

Quarterly Financial Review for March 31, 2018

Table of Contents

Financial Highlights	16-17
Consolidated Statements of Income	18
Consolidated Balance Sheets	19-20
Consolidated Statements of Changes in Equity	21
Average Balance Sheet and Yield Analysis	22-23
Summary of Loans and Leases	24
Regulatory Capital	25
Summary of Credit Loss Experience	26
Asset Quality	27
Regulation G Non-GAAP Reconciliation	28-29
Segment Presentation	30

15

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended						% / bps Change
	March 2018		December 2017		March 2017		Seq		Yr/Yr
Income Statement Data
Taxable equivalent net interest income(c)	$	999	$	963	$	939		4%		6%
Noninterest income		909		577		523		58%		74%
Taxable equivalent total revenue		1,908		1,540		1,462		24%		31%
Provision for loan and lease losses		23		67		74		(66%)		(69%)
Noninterest expense		1,046		1,073		986		(3%)		6%
Net income attributable to Bancorp		704		509		305		38%		131%
Net income available to common shareholders		689		486		290		42%		138%
Earnings Per Share Data
Net income allocated to common shareholders		681		482		286		41%		138%
Average common shares outstanding (in thousands):
Basic		689,820		703,372		747,668		(2%)		(8%)
Diluted		704,101		716,908		760,809		(2%)		(7%)
Earnings per share, basic	$	0.99	$	0.68	$	0.38		46%		161%
Earnings per share, diluted		0.97		0.67		0.38		45%		155%
Common Share Data
Cash dividends per common share		0.16		0.16		0.14		—		14%
Book value per share		21.68		21.67		20.13		—		8%
Market value per share		31.75		30.34		25.40		5%		25%
Common shares outstanding (in thousands)		684,942		693,805		750,145		(1%)		(9%)
Market capitalization	$	21,747	$	21,050	$	19,054		3%		14%
Financial Ratios
Return on average assets		2.02%		1.43%		0.88%		59		114
Return on average common equity		18.6%		12.7%		7.8%		590		1080
Return on average tangible common equity(a)(c)		22.4%		15.2%		9.3%		720		1310
Noninterest income as a percent of total revenue		48%		37%		36%		1100		1200
Dividend payout ratio		16.2%		23.5%		36.8%		(730)		(2060)
Average total Bancorp shareholders’ equity as a percent of average assets		11.52%		11.69%		11.72%		(17)		(20)
Tangible common equity(b)(c)		9.14%		8.94%		9.15%		20		(1)
Taxable equivalent net interest margin(c)		3.18%		3.02%		3.02%		16		16
Taxable equivalent efficiency ratio(c)		54.8%		69.7%		67.4%		(1490)		(1260)
Effective tax rate		15.8%		(29.8%)		22.9%		4560		(710)
Credit Quality
Net losses charged-off	$	81	$	76	$	89		6%		(9%)
Net losses charged-off as a percent of average portfolio loans and leases		0.36%		0.33%		0.40%		3		(4)
ALLL as a percent of portfolio loans and leases		1.24%		1.30%		1.35%		(6)		(11)
Allowance for credit losses as a percent of portfolio loans and leases(j)		1.40%		1.48%		1.52%		(8)		(12)
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(d)		0.55%		0.53%		0.79%		2		(24)
Average Balances
Loans and leases, including held for sale	$	92,869	$	92,865	$	92,791		—		—
Total securities and other short-term investments		34,677		33,756		33,177		3%		5%
Total assets		141,565		141,055		140,140		—		1%
Transaction deposits(e)		97,018		96,450		97,018		1%		—
Core deposits(f)		100,874		100,242		100,845		1%		—
Wholesale funding(g)		20,558		20,097		19,129		2%		7%
Bancorp shareholders’ equity		16,313		16,493		16,429		(1%)		(1%)
Regulatory Capital and Liquidity Ratios(h)
CET1 capital(i)		10.82%		10.61%		10.76%		21		6
Tier I risk-based capital(i)		11.95%		11.74%		11.90%		21		5
Total risk-based capital(i)		15.29%		15.16%		15.45%		13		(16)
Tier I leverage		10.11%		10.01%		10.15%		10		(4)
Modified liquidity coverage ratio (LCR)		113%		129%		119%		(12%)		(5%)
Operations
Banking centers		1,153		1,154		1,155		—		—
ATMs		2,459		2,469		2,471		—		—
Full-time equivalent employees		18,344		18,125		17,763		1%		3%

(a) The return on average tangible common equity is calculated as tangible net income available to common shareholders (excluding tax effected amortization of intangibles) divided by average tangible common equity (average common equity less goodwill and intangible assets).

(b) The tangible common equity ratio is calculated as tangible common equity [shareholders’ equity less preferred stock, goodwill, intangible assets and accumulated other comprehensive income divided by tangible assets (total assets less goodwill, intangible assets and AOCI)].

(c) Non-GAAP measure; see discussion of non-GAAP and Reg. G reconciliation beginning on page 28.

(d) Excludes nonaccrual loans held for sale.

(e) Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers.

(f) Includes transaction deposits plus other time deposits.

(g) Includes certificates $100,000 and over, other deposits, federal funds purchased, other short-term borrowings and long-term debt.

(h) Current period regulatory capital and liquidity ratios are estimates.

(i) Under the banking agencies’ Basel III Final Rule, assets and credit equivalent amounts of off-balance sheet exposures are calculated based upon the standardized approach for risk-weighted assets. The resulting values are added together resulting in the Bancorp’s total risk-weighted assets.

(j) The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.

16

Fifth Third Bancorp and Subsidiaries    

Financial Highlights    

$ in millions, except per share data     

(unaudited)

	For the Three Months Ended
	March 2018		December 2017		September 2017		June 2017		March 2017
Income Statement Data
Taxable equivalent net interest income(c)	$	999	$	963	$	977	$	945	$	939
Noninterest income		909		577		1,561		564		523
Taxable equivalent total revenue		1,908		1,540		2,538		1,509		1,462
Provision for loan and lease losses		23		67		67		52		74
Noninterest expense		1,046		1,073		975		957		986
Net income attributable to Bancorp		704		509		1,014		367		305
Net income available to common shareholders		689		486		999		344		290
Earnings Per Share Data
Net income allocated to common shareholders	$	681	$	482	$	989	$	340	$	286
Average common shares outstanding (in thousands):
Basic		689,820		703,372		721,280		741,401		747,668
Diluted		704,101		716,908		733,285		752,328		760,809
Earnings per share, basic	$	0.99	$	0.68	$	1.37	$	0.46		0.38
Earnings per share, diluted		0.97		0.67		1.35		0.45		0.38
Common Share Data
Cash dividends per common share	$	0.16	$	0.16	$	0.16	$	0.14	$	0.14
Book value per share		21.68		21.67		21.30		20.42		20.13
Market value per share		31.75		30.34		27.98		25.96		25.40
Common shares outstanding (in thousands)		684,942		693,805		705,474		738,873		750,145
Market capitalization	$	21,747	$	21,050	$	19,739	$	19,181	$	19,054
Financial Ratios
Return on average assets		2.02%		1.43%		2.85%		1.05%		0.88%
Return on average common equity		18.6%		12.7%		25.6%		9.0%		7.8%
Return on average tangible common equity(a)(c)		22.4%		15.2%		30.4%		10.7%		9.3%
Noninterest income as a percent of total revenue		48%		37%		62%		37%		36%
Dividend payout ratio		16.2%		23.5%		11.7%		30.4%		36.8%
Average total Bancorp shareholders’ equity as a percent of average assets		11.52%		11.69%		11.93%		11.84%		11.72%
Tangible common equity(b)(c)		9.14%		8.94%		8.89%		9.02%		9.15%
Taxable equivalent net interest margin(c)		3.18%		3.02%		3.07%		3.01%		3.02%
Taxable equivalent efficiency ratio(c)		54.8%		69.7%		38.4%		63.4%		67.4%
Effective tax rate		15.8%		(29.8%)		31.9%		25.9%		22.9%
Credit Quality
Net losses charged-off	$	81	$	76	$	68	$	64	$	89
Net losses charged-off as a percent of average portfolio loans and leases		0.36%		0.33%		0.29%		0.28%		0.40%
ALLL as a percent of portfolio loans and leases		1.24%		1.30%		1.31%		1.34%		1.35%
Allowance for credit losses as a percent of portfolio loans and leases(j)		1.40%		1.48%		1.48%		1.52%		1.52%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(d)		0.55%		0.53%		0.60%		0.72%		0.79%
Average Balances
Loans and leases, including held for sale	$	92,869	$	92,865	$	92,617	$	92,653	$	92,791
Total securities and other short-term investments		34,677		33,756		33,826		33,481		33,177
Total assets		141,565		141,055		140,992		140,344		140,140
Transaction deposits(e)		97,018		96,450		94,927		95,825		97,018
Core deposits(f)		100,874		100,242		98,649		99,570		100,845
Wholesale funding(g)		20,558		20,097		21,529		20,665		19,129
Bancorp shareholders’ equity		16,313		16,493		16,820		16,615		16,429
Regulatory Capital and Liquidity Ratios(h)
CET1 capital(i)		10.82%		10.61%		10.59%		10.63%		10.76%
Tier I risk-based capital(i)		11.95%		11.74%		11.72%		11.76%		11.90%
Total risk-based capital(i)		15.29%		15.16%		15.16%		15.22%		15.45%
Tier I leverage		10.11%		10.01%		9.97%		10.07%		10.15%
Modified liquidity coverage ratio (LCR)		113%		129%		124%		115%		119%
Operations
Banking centers		1,153		1,154		1,155		1,157		1,155
ATMs		2,459		2,469		2,465		2,461		2,471
Full-time equivalent employees		18,344		18,125		17,797		17,744		17,763

(a) The return on average tangible common equity is calculated as tangible net income available to common shareholders (excluding tax effected amortization of intangibles) divided by average tangible common equity (average common equity less goodwill and intangible assets).

(b) The tangible common equity ratio is calculated as tangible common equity [shareholders’ equity less preferred stock, goodwill, intangible assets and accumulated other comprehensive income divided by tangible assets (total assets less goodwill, intangible assets and AOCI)].

(c) Non-GAAP measure; see discussion of non-GAAP and Reg. G reconciliation beginning on page 28.

(d) Excludes nonaccrual loans held for sale.

(e) Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers.

(f) Includes transaction deposits plus other time deposits.

(g) Includes certificates $100,000 and over, other deposits, federal funds purchased, other short-term borrowings and long-term debt.

(h) Current period regulatory capital and liquidity ratios are estimates.

(i) Under the banking agencies’ Basel III Final Rule, assets and credit equivalent amounts of off-balance sheet exposures are calculated based upon the standardized approach for risk-weighted assets. The resulting values are added together resulting in the Bancorp’s total risk-weighted assets.

(j) The allowance for credit losses is the sum of the ALLL and the reserve for unfunded commitments.

17

Fifth Third Bancorp and Subsidiaries    

Consolidated Statements of Income    

$ in millions    

(unaudited)    

	For the Three Months Ended						% Change
	March 2018		December 2017		March 2017		Seq		Yr/Yr
Interest Income
Interest and fees on loans and leases	$	938	$	883	$	839		6%		12%
Interest on securities		263		256		245		3%		7%
Interest on other short-term investments		5		5		2		—		150%
Total interest income		1,206		1,144		1,086		5%		11%
Interest Expense
Interest on deposits		95		80		59		19%		61%
Interest on federal funds purchased		2		2		1		—		100%
Interest on other short-term borrowings		8		6		3		50%		167%
Interest on long-term debt		105		100		90		5%		17%
Total interest expense		210		188		153		12%		37%
Net Interest Income		996		956		933		4%		7%
Provision for loan and lease losses		23		67		74		(66%)		(69%)
Net Interest Income After Provision for Loan and Lease Losses		973		889		859		9%		13%
Noninterest Income
Service charges on deposits		137		138		138		(1%)		(1%)
Corporate banking revenue		88		77		74		14%		19%
Mortgage banking net revenue		56		54		52		4%		8%
Wealth and asset management revenue		113		106		108		7%		5%
Card and processing revenue		79		80		74		(1%)		7%
Other noninterest income		460		123		77		274%		497%
Securities (losses) gains, net		(11)		1		—		NM		NM
Securities losses, net - non-qualifying hedges on mortgage servicing rights		(13)		(2)		—		550%		NM
Total noninterest income		909		577		523		58%		74%
Noninterest Expense
Salaries, wages and incentives		447		418		411		7%		9%
Employee benefits		110		82		111		34%		(1%)
Net occupancy expense		75		74		78		1%		(4%)
Technology and communications		68		68		58		—		17%
Equipment expense		31		29		28		7%		11%
Card and processing expense		29		34		30		(15%)		(3%)
Other noninterest expense		286		368		270		(22%)		6%
Total noninterest expense		1,046		1,073		986		(3%)		6%
Income Before Income Taxes		836		393		396		113%		111%
Applicable income tax expense (benefit)		132		(116)		91		NM		45%
Net Income		704		509		305		38%		131%
Less: Net income attributable to noncontrolling interests		—		—		—		NM		NM
Net Income Attributable to Bancorp		704		509		305		38%		131%
Dividends on preferred stock		15		23		15		(35%)		—
Net Income Available to Common Shareholders	$	689	$	486	$	290		42%		138%

18

Fifth Third Bancorp and Subsidiaries    

Consolidated Balance Sheets    

$ in millions, except per share data    

(unaudited)

	As of						% Change
	March 2018		December 2017		March 2017		Seq		Yr/Yr
Assets
Cash and due from banks	$	2,038	$	2,514	$	2,205		(19%)		(8%)
Other short-term investments		1,747		2,753		1,644		(37%)		6%
Available-for-sale debt and other securities(a)		31,819		31,751		31,441		—		1%
Held-to-maturity securities(b)		23		24		26		(4%)		(12%)
Trading securities		571		492		328		16%		74%
Equity securities		418		439		451		(5%)		(7%)
Loans and leases held for sale		717		492		616		46%		16%
Portfolio loans and leases:
Commercial and industrial loans		41,635		41,170		41,074		1%		1%
Commercial mortgage loans		6,509		6,604		6,924		(1%)		(6%)
Commercial construction loans		4,766		4,553		4,283		5%		11%
Commercial leases		3,919		4,068		4,092		(4%)		(4%)
Residential mortgage loans		15,563		15,591		15,336		—		1%
Home equity		6,757		7,014		7,469		(4%)		(10%)
Automobile loans		9,018		9,112		9,572		(1%)		(6%)
Credit card		2,188		2,299		2,070		(5%)		6%
Other consumer loans		1,615		1,559		808		4%		100%
Portfolio loans and leases		91,970		91,970		91,628		—		—
Allowance for loan and lease losses		(1,138)		(1,196)		(1,238)		(5%)		(8%)
Portfolio loans and leases, net		90,832		90,774		90,390		—		—
Bank premises and equipment		1,966		2,003		2,052		(2%)		(4%)
Operating lease equipment		625		646		702		(3%)		(11%)
Goodwill		2,462		2,445		2,419		1%		2%
Intangible assets		30		27		11		11%		173%
Servicing rights		926		858		776		8%		19%
Other assets		7,326		6,975		7,139		5%		3%
Total Assets	$	141,500	$	142,193	$	140,200		—		1%
Liabilities
Deposits:
Demand	$	34,066	$	35,276	$	35,362		(3%)		(4%)
Interest checking		29,627		27,703		27,230		7%		9%
Savings		13,751		13,425		14,360		2%		(4%)
Money market		21,540		20,097		20,585		7%		5%
Foreign office		374		484		521		(23%)		(28%)
Other time		3,945		3,775		3,750		5%		5%
Certificates $100,000 and over		2,042		2,402		2,348		(15%)		(13%)
Other		116		—		—		NM		NM
Total deposits		105,461		103,162		104,156		2%		1%
Federal funds purchased		178		174		155		2%		15%
Other short-term borrowings		1,335		4,012		2,015		(67%)		(34%)
Accrued taxes, interest and expenses		1,104		1,412		1,655		(22%)		(33%)
Other liabilities		2,418		2,144		2,104		13%		15%
Long-term debt		14,800		14,904		13,658		(1%)		8%
Total Liabilities		125,296		125,808		123,743		—		1%
Equity
Common stock(c)		2,051		2,051		2,051		—		—
Preferred stock		1,331		1,331		1,331		—		—
Capital surplus		2,828		2,790		2,803		1%		1%
Retained earnings		15,707		15,122		13,625		4%		15%
Accumulated other comprehensive (loss) income		(389)		73		68		NM		NM
Treasury stock		(5,344)		(5,002)		(3,448)		7%		55%
Total Bancorp shareholders’ equity		16,184		16,365		16,430		(1%)		(2%)
Noncontrolling interests		20		20		27		—		(26%)
Total Equity		16,204		16,385		16,457		(1%)		(2%)
Total Liabilities and Equity	$	141,500	$	142,193	$	140,200		—		1%
(a) Amortized cost	$	32,230	$	31,577	$	31,258		2%		3%
(b) Market values		23		24		26		(4%)		(12%)
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000		2,000,000		2,000,000		—		—
Outstanding, excluding treasury		684,942		693,805		750,145		(1%)		(9%)
Treasury		238,951		230,088		173,748		4%		38%

19

Fifth Third Bancorp and Subsidiaries    

Consolidated Balance Sheets    

$ in millions, except per share data    

(unaudited)

	As of
	March		December		September		June		March
	2018		2017		2017		2017		2017
Assets
Cash and due from banks	$	2,038	$	2,514	$	2,205	$	2,203	$	2,205
Other short-term investments		1,747		2,753		3,298		2,163		1,644
Available-for-sale debt and other securities(a)		31,819		31,751		31,391		31,733		31,441
Held-to-maturity securities(b)		23		24		25		26		26
Trading securities		571		492		511		490		328
Equity securities		418		439		428		442		451
Loans and leases held for sale		717		492		711		766		616
Portfolio loans and leases:
Commercial and industrial loans		41,635		41,170		41,011		40,914		41,074
Commercial mortgage loans		6,509		6,604		6,863		6,868		6,924
Commercial construction loans		4,766		4,553		4,652		4,366		4,283
Commercial leases		3,919		4,068		4,043		4,157		4,092
Residential mortgage loans		15,563		15,591		15,588		15,460		15,336
Home equity		6,757		7,014		7,143		7,301		7,469
Automobile loans		9,018		9,112		9,236		9,318		9,572
Credit card		2,188		2,299		2,168		2,117		2,070
Other consumer loans		1,615		1,559		1,179		945		808
Portfolio loans and leases		91,970		91,970		91,883		91,446		91,628
Allowance for loan and lease losses		(1,138)		(1,196)		(1,205)		(1,226)		(1,238)
Portfolio loans and leases, net		90,832		90,774		90,678		90,220		90,390
Bank premises and equipment		1,966		2,003		2,018		2,041		2,052
Operating lease equipment		625		646		663		719		702
Goodwill		2,462		2,445		2,423		2,423		2,419
Intangible assets		30		27		18		18		11
Servicing rights		926		858		848		849		776
Other assets		7,326		6,975		7,047		6,974		7,139
Total Assets	$	141,500	$	142,193	$	142,264	$	141,067	$	140,200
Liabilities
Deposits:
Demand	$	34,066	$	35,276	$	35,246	$	34,965	$	35,362
Interest checking		29,627		27,703		26,091		25,436		27,230
Savings		13,751		13,425		13,693		14,068		14,360
Money market		21,540		20,097		19,646		20,191		20,585
Foreign office		374		484		609		395		521
Other time		3,945		3,775		3,756		3,692		3,750
Certificates $100,000 and over		2,042		2,402		2,411		2,633		2,348
Other		116		—		—		500		—
Total deposits		105,461		103,162		101,452		101,880		104,156
Federal funds purchased		178		174		118		117		155
Other short-term borrowings		1,335		4,012		5,688		5,389		2,015
Accrued taxes, interest and expenses		1,104		1,412		2,071		1,617		1,655
Other liabilities		2,418		2,144		2,516		2,162		2,104
Long-term debt		14,800		14,904		14,039		13,456		13,658
Total Liabilities		125,296		125,808		125,884		124,621		123,743
Equity
Common stock(c)		2,051		2,051		2,051		2,051		2,051
Preferred stock		1,331		1,331		1,331		1,331		1,331
Capital surplus		2,828		2,790		2,682		2,751		2,803
Retained earnings		15,707		15,122		14,748		13,862		13,625
Accumulated other comprehensive (loss) income		(389)		73		185		163		68
Treasury stock		(5,344)		(5,002)		(4,637)		(3,739)		(3,448)
Total Bancorp shareholders’ equity		16,184		16,365		16,360		16,419		16,430
Noncontrolling interests		20		20		20		27		27
Total Equity		16,204		16,385		16,380		16,446		16,457
Total Liabilities and Equity	$	141,500	$	142,193	$	142,264	$	141,067	$	140,200
(a) Amortized cost	$	32,230	$	31,577	$	31,026	$	31,402	$	31,258
(b) Market values		23		24		25		26		26
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		2,000,000		2,000,000		2,000,000		2,000,000		2,000,000
Outstanding, excluding treasury		684,942		693,805		705,474		738,873		750,145
Treasury		238,951		230,088		218,419		185,020		173,748

20

Fifth Third Bancorp and Subsidiaries    

Consolidated Statements of Changes in Equity    

$ in millions    

(unaudited)     

	For the Three Months Ended
	March		March
	2018		2017
Total Equity, Beginning	$	16,385	$	16,232
Net income attributable to Bancorp		704		305
Other comprehensive income, net of tax:
Change in unrealized (losses) gains:
Available-for-sale debt securities		(453)		16
Qualifying cash flow hedges		(8)		(8)
Change in accumulated other comprehensive income related to employee benefit plans		1		1
Comprehensive income	$	244	$	314
Cash dividends declared:
Common stock		(110)		(106)
Preferred stock		(15)		(15)
Impact of stock transactions under stock compensation plans, net		14		32
Shares acquired for treasury		(318)		—
Impact of cumulative effect of change in accounting principles		4		—
Total Equity, Ending	$	16,204	$	16,457

21

Fifth Third Bancorp and Subsidiaries    

Average Balance Sheet and Yield Analysis    

$ in millions, except share data    

(unaudited)    

	For the Three Months Ended						% Change
	March		December		March
	2018		2017		2017		Seq		Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$	41,799	$	41,455	$	41,892		1%		—
Commercial mortgage loans		6,588		6,757		6,946		(3%)		(5%)
Commercial construction loans		4,671		4,660		3,987		—		17%
Commercial leases		3,960		4,018		3,904		(1%)		1%
Residential mortgage loans		16,086		16,178		15,800		(1%)		2%
Home equity		6,889		7,066		7,581		(3%)		(9%)
Automobile loans		9,064		9,175		9,786		(1%)		(7%)
Credit card		2,224		2,202		2,141		1%		4%
Other consumer loans		1,588		1,354		754		17%		111%
Taxable securities		33,133		32,222		31,815		3%		4%
Tax exempt securities		73		75		55		(3%)		33%
Other short-term investments		1,471		1,459		1,307		1%		13%
Total interest-earning assets		127,546		126,621		125,968		1%		1%
Cash and due from banks		2,175		2,288		2,205		(5%)		(1%)
Other assets		13,039		13,351		13,220		(2%)		(1%)
Allowance for loan and lease losses		(1,195)		(1,205)		(1,253)		(1%)		(5%)
Total Assets	$	141,565	$	141,055	$	140,140		—		1%
Liabilities
Interest-bearing liabilities:
Interest checking deposits	$	28,403	$	26,992	$	26,760		5%		6%
Savings deposits		13,546		13,593		14,117		—		(4%)
Money market deposits		20,750		20,023		20,603		4%		1%
Foreign office deposits		494		323		454		53%		9%
Other time deposits		3,856		3,792		3,827		2%		1%
Total interest-bearing core deposits		67,049		64,723		65,761		4%		2%
Certificates $100,000 and over		2,284		2,429		2,579		(6%)		(11%)
Other deposits		379		119		162		218%		134%
Federal funds purchased		692		602		639		15%		8%
Other short-term borrowings		2,423		2,316		1,893		5%		28%
Long-term debt		14,780		14,631		13,856		1%		7%
Total interest-bearing liabilities		87,607		84,820		84,890		3%		3%
Demand deposits		33,825		35,519		35,084		(5%)		(4%)
Other liabilities		3,800		4,203		3,710		(10%)		2%
Total Liabilities		125,232		124,542		123,684		1%		1%
Total Equity		16,333		16,513		16,456		(1%)		(1%)
Total Liabilities and Equity	$	141,565	$	141,055	$	140,140		—		1%
	For the Three Months Ended						bps Change
	March		December		March
	2018		2017		2017		Seq		Yr/Yr
Yield Analysis
Interest-earning assets:
Commercial and industrial loans(a)		3.96%		3.75%		3.47%		21		49
Commercial mortgage loans(a)		4.20%		3.92%		3.54%		28		66
Commercial construction loans(a)		4.59%		4.28%		3.77%		31		82
Commercial leases(a)		2.78%		0.06%		2.70%		272		8
Residential mortgage loans		3.60%		3.52%		3.57%		8		3
Home equity		4.62%		4.38%		3.98%		24		64
Automobile loans		3.12%		3.06%		2.81%		6		31
Credit card		12.36%		11.83%		12.92%		53		(56)
Other consumer loans		6.58%		6.64%		6.49%		(6)		9
Total loans and leases		4.11%		3.80%		3.69%		31		42
Taxable securities		3.21%		3.15%		3.11%		6		10
Tax exempt securities(a)		1.40%		5.62%		5.79%		(422)		(439)
Other short-term investments		1.37%		1.24%		0.73%		13		64
Total interest-earning assets		3.85%		3.61%		3.51%		24		34
Interest-bearing liabilities:
Interest checking deposits		0.63%		0.51%		0.31%		12		32
Savings deposits		0.07%		0.06%		0.05%		1		2
Money market deposits		0.53%		0.42%		0.32%		11		21
Foreign office deposits		0.13%		0.30%		0.13%		(17)		—
Other time deposits		1.25%		1.23%		1.23%		2		2
Total interest-bearing core deposits		0.52%		0.43%		0.31%		9		21
Certificates $100,000 and over		1.49%		1.45%		1.35%		4		14
Other deposits		1.44%		1.17%		0.64%		27		80
Federal funds purchased		1.43%		1.21%		0.70%		22		73
Other short-term borrowings		1.34%		1.10%		0.55%		24		79
Long-term debt		2.86%		2.72%		2.65%		14		21
Total interest-bearing liabilities		0.97%		0.88%		0.73%		9		24
Ratios:
Taxable equivalent net interest margin(b)		3.18%		3.02%		3.02%		16		16
Taxable equivalent net interest rate spread(b)		2.88%		2.73%		2.78%		15		10
Interest-bearing liabilities to interest-earning assets		68.69%		66.99%		67.39%		170		130

(a) Presented on a fully taxable equivalent basis.

(b) Non-GAAP measure; see discussion of non-GAAP and Reg. G reconciliation beginning on page 28.

22

Fifth Third Bancorp and Subsidiaries    

Average Balance Sheet and Yield Analysis    

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	March 2018		December 2017		September 2017		June 2017		March 2017
Assets
Interest-earning assets:
Commercial and industrial loans	$	41,799	$	41,455	$	41,314	$	41,656	$	41,892
Commercial mortgage loans		6,588		6,757		6,814		6,861		6,946
Commercial construction loans		4,671		4,660		4,533		4,306		3,987
Commercial leases		3,960		4,018		4,079		4,039		3,904
Residential mortgage loans		16,086		16,178		16,206		16,024		15,800
Home equity		6,889		7,066		7,207		7,385		7,581
Automobile loans		9,064		9,175		9,267		9,410		9,786
Credit card		2,224		2,202		2,140		2,080		2,141
Other consumer loans		1,588		1,354		1,057		892		754
Taxable securities		33,133		32,222		32,289		32,092		31,815
Tax exempt securities		73		75		65		68		55
Other short-term investments		1,471		1,459		1,472		1,321		1,307
Total interest-earning assets		127,546		126,621		126,443		126,134		125,968
Cash and due from banks		2,175		2,288		2,227		2,175		2,205
Other assets		13,039		13,351		13,532		13,272		13,220
Allowance for loan and lease losses		(1,195)		(1,205)		(1,210)		(1,237)		(1,253)
Total Assets	$	141,565	$	141,055	$	140,992	$	140,344	$	140,140
Liabilities
Interest-bearing liabilities:
Interest checking deposits	$	28,403	$	26,992	$	25,765	$	26,014	$	26,760
Savings deposits		13,546		13,593		13,889		14,238		14,117
Money market deposits		20,750		20,023		20,028		20,278		20,603
Foreign office deposits		494		323		395		380		454
Other time deposits		3,856		3,792		3,722		3,745		3,827
Total interest-bearing core deposits		67,049		64,723		63,799		64,655		65,761
Certificates $100,000 and over		2,284		2,429		2,625		2,623		2,579
Other deposits		379		119		560		264		162
Federal funds purchased		692		602		675		311		639
Other short-term borrowings		2,423		2,316		4,212		4,194		1,893
Long-term debt		14,780		14,631		13,457		13,273		13,856
Total interest-bearing liabilities		87,607		84,820		85,328		85,320		84,890
Demand deposits		33,825		35,519		34,850		34,915		35,084
Other liabilities		3,800		4,203		3,973		3,467		3,710
Total Liabilities		125,232		124,542		124,151		123,702		123,684
Total Equity		16,333		16,513		16,841		16,642		16,456
Total Liabilities and Equity	$	141,565	$	141,055	$	140,992	$	140,344	$	140,140
Yield Analysis
Interest-earning assets:
Commercial and industrial loans(a)		3.96%		3.75%		3.75%		3.60%		3.47%
Commercial mortgage loans(a)		4.20%		3.92%		3.85%		3.65%		3.54%
Commercial construction loans(a)		4.59%		4.28%		4.23%		4.01%		3.77%
Commercial leases(a)		2.78%		0.06%		2.70%		2.73%		2.70%
Residential mortgage loans		3.60%		3.52%		3.48%		3.54%		3.57%
Home equity		4.62%		4.38%		4.39%		4.20%		3.98%
Automobile loans		3.12%		3.06%		2.96%		2.87%		2.81%
Credit card		12.36%		11.83%		11.63%		10.95%		12.92%
Other consumer loans		6.58%		6.64%		6.89%		6.63%		6.49%
Total loans and leases		4.11%		3.80%		3.88%		3.74%		3.69%
Taxable securities		3.21%		3.15%		3.06%		3.05%		3.11%
Tax exempt securities(a)		1.40%		5.62%		5.33%		5.10%		5.79%
Other short-term investments		1.37%		1.24%		1.16%		0.99%		0.73%
Total interest-earning assets		3.85%		3.61%		3.64%		3.54%		3.51%
Interest-bearing liabilities:
Interest checking deposits		0.63%		0.51%		0.44%		0.38%		0.31%
Savings deposits		0.07%		0.06%		0.06%		0.06%		0.05%
Money market deposits		0.53%		0.42%		0.39%		0.34%		0.32%
Foreign office deposits		0.13%		0.30%		0.21%		0.18%		0.13%
Other time deposits		1.25%		1.23%		1.23%		1.23%		1.23%
Total interest-bearing core deposits		0.52%		0.43%		0.39%		0.34%		0.31%
Certificates $100,000 and over		1.49%		1.45%		1.38%		1.36%		1.35%
Other deposits		1.44%		1.17%		1.16%		0.98%		0.64%
Federal funds purchased		1.43%		1.21%		1.16%		0.94%		0.70%
Other short-term borrowings		1.34%		1.10%		1.09%		0.93%		0.55%
Long-term debt		2.86%		2.72%		2.82%		2.76%		2.65%
Total interest-bearing liabilities		0.97%		0.88%		0.85%		0.79%		0.73%
Ratios:
Taxable equivalent net interest margin(b)		3.18%		3.02%		3.07%		3.01%		3.02%
Taxable equivalent net interest rate spread(b)		2.88%		2.73%		2.79%		2.75%		2.78%
Interest-bearing liabilities to interest-earning assets		68.69%		66.99%		67.48%		67.64%		67.39%

(a) Presented on a fully taxable equivalent basis.

(b) Non-GAAP measure; see discussion of non-GAAP and Reg. G reconciliation beginning on page 28.

23

Fifth Third Bancorp and Subsidiaries    

Summary of Loans and Leases    

$ in millions    

(unaudited)    

	For the Three Months Ended
	March 2018		December 2017		September 2017		June 2017		March 2017
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$	41,782	$	41,438	$	41,302	$	41,601	$	41,854
Commercial mortgage loans		6,582		6,751		6,807		6,845		6,941
Commercial construction loans		4,671		4,660		4,533		4,306		3,987
Commercial leases		3,960		4,016		4,072		4,036		3,901
Total commercial loans and leases		56,995		56,865		56,714		56,788		56,683
Consumer loans:
Residential mortgage loans		15,575		15,590		15,523		15,417		15,200
Home equity		6,889		7,066		7,207		7,385		7,581
Automobile loans		9,064		9,175		9,267		9,410		9,786
Credit card		2,224		2,202		2,140		2,080		2,141
Other consumer loans		1,587		1,352		1,055		892		755
Total consumer loans		35,339		35,385		35,192		35,184		35,463
Total average portfolio loans and leases	$	92,334	$	92,250	$	91,906	$	91,972	$	92,146
Average loans held for sale	$	535	$	615	$	711	$	681	$	645
End of Period Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$	41,635	$	41,170	$	41,011	$	40,914	$	41,074
Commercial mortgage loans		6,509		6,604		6,863		6,868		6,924
Commercial construction loans		4,766		4,553		4,652		4,366		4,283
Commercial leases		3,919		4,068		4,043		4,157		4,092
Total commercial loans and leases		56,829		56,395		56,569		56,305		56,373
Consumer loans:
Residential mortgage loans		15,563		15,591		15,588		15,460		15,336
Home equity		6,757		7,014		7,143		7,301		7,469
Automobile loans		9,018		9,112		9,236		9,318		9,572
Credit card		2,188		2,299		2,168		2,117		2,070
Other consumer loans		1,615		1,559		1,179		945		808
Total consumer loans		35,141		35,575		35,314		35,141		35,255
Total portfolio loans and leases	$	91,970	$	91,970	$	91,883	$	91,446	$	91,628
Total loans and leases held for sale	$	717	$	492	$	711	$	766	$	616
Operating lease equipment	$	625	$	646	$	663	$	719	$	702
Loans and leases serviced for others:(a)
Commercial and industrial loans	$	401	$	415	$	449	$	495	$	515
Commercial mortgage loans		238		240		228		242		223
Commercial construction loans		87		76		72		62		54
Commercial leases		243		254		257		261		270
Residential mortgage loans		60,973		60,021		60,783		61,803		55,413
Other consumer loans		50		—		—		—		—
Total loans and leases serviced for others		61,992		61,006		61,789		62,863		56,475
Total loans and leases serviced	$	155,304	$	154,114	$	155,046	$	155,794	$	149,421

(a) Fifth Third sells certain loans and leases and obtains servicing responsibilities.

24

Fifth Third Bancorp and Subsidiaries    

Regulatory Capital    

$ in millions    

(unaudited)    

	As of
	March 2018(a)		December 2017		September 2017		June 2017		March 2017
Regulatory capital:
Common stock and related surplus (net of treasury stock)	($	465)	($	160)	$	96	$	1,063	$	1,407
Retained earnings		15,707		15,122		14,748		13,862		13,625
Common equity tier I capital adjustments and deductions		(2,470)		(2,445)		(2,401)		(2,403)		(2,396)
CET1 capital		12,772		12,517		12,443		12,522		12,636
Additional tier I capital		1,331		1,331		1,330		1,331		1,331
Tier I capital		14,103		13,848		13,773		13,853		13,967
Tier II capital		3,944		4,039		4,043		4,074		4,172
Total regulatory capital	$	18,047	$	17,887	$	17,816	$	17,927	$	18,139
Risk-weighted assets(b)	$	118,001	$	117,997	$	117,527	$	117,761	$	117,407
Ratios:
Average shareholders’ equity to average assets		11.52%		11.69%		11.93%		11.84%		11.72%
Regulatory Capital Ratios:
Fifth Third Bancorp
CET1 capital(b)		10.82%		10.61%		10.59%		10.63%		10.76%
Tier I risk-based capital(b)		11.95%		11.74%		11.72%		11.76%		11.90%
Total risk-based capital(b)		15.29%		15.16%		15.16%		15.22%		15.45%
Tier I leverage		10.11%		10.01%		9.97%		10.07%		10.15%
Fifth Third Bank
Tier I risk-based capital(b)		12.39%		12.06%		12.30%		12.24%		12.17%
Total risk-based capital(b)		14.15%		13.88%		14.14%		14.08%		14.03%
Tier I leverage		10.52%		10.32%		10.50%		10.50%		10.41%

(a) Current period regulatory capital data and ratios are estimated.

(b) Under the banking agencies’ Basel III Final Rule, assets and credit equivalent amounts of off-balance sheet exposures are calculated according to the standardized approach for risk-weighted assets. The resulting weighted values are added together resulting in the total risk-weighted assets.

25

Fifth Third Bancorp and Subsidiaries    

Summary of Credit Loss Experience    

$ in millions    

(unaudited)

	For the Three Months Ended
	March 2018		December 2017		September 2017		June 2017		March 2017
Average portfolio loans and leases:
Commercial and industrial loans	$	41,782	$	41,438	$	41,302	$	41,601	$	41,854
Commercial mortgage loans		6,582		6,751		6,807		6,845		6,941
Commercial construction loans		4,671		4,660		4,533		4,306		3,987
Commercial leases		3,960		4,016		4,072		4,036		3,901
Residential mortgage loans		15,575		15,590		15,523		15,417		15,200
Home equity		6,889		7,066		7,207		7,385		7,581
Automobile loans		9,064		9,175		9,267		9,410		9,786
Credit card		2,224		2,202		2,140		2,080		2,141
Other consumer loans and leases		1,587		1,352		1,055		892		755
Total average portfolio loans and leases	$	92,334	$	92,250	$	91,906	$	91,972	$	92,146
Losses charged-off:
Commercial and industrial loans	($	33)	($	34)	($	30)	($	34)	($	39)
Commercial mortgage loans		(2)		(1)		(3)		(6)		(6)
Commercial leases		—		(1)		—		(1)		(1)
Residential mortgage loans		(4)		(3)		(2)		(4)		(6)
Home equity		(7)		(8)		(6)		(9)		(9)
Automobile loans		(17)		(15)		(13)		(12)		(17)
Credit card		(28)		(23)		(23)		(24)		(24)
Other consumer loans and leases		(12)		(9)		(8)		(5)		(5)
Total losses charged-off	($	103)	($	94)	($	85)	($	95)	($	107)
Recoveries of losses previously charged-off:
Commercial and industrial loans	$	5	$	2	$	3	$	16	$	3
Commercial mortgage loans		1		2		—		1		1
Commercial leases		—		—		—		—		—
Residential mortgage loans		1		2		3		2		1
Home equity		2		4		3		4		3
Automobile loans		6		5		5		6		6
Credit card		3		3		3		2		2
Other consumer loans and leases		4		—		—		—		2
Total recoveries of losses previously charged-off	$	22	$	18	$	17	$	31	$	18
Net losses charged-off:
Commercial and industrial loans	($	28)	($	32)	($	27)	($	18)	($	36)
Commercial mortgage loans		(1)		1		(3)		(5)		(5)
Commercial leases		—		(1)		—		(1)		(1)
Residential mortgage loans		(3)		(1)		1		(2)		(5)
Home equity		(5)		(4)		(3)		(5)		(6)
Automobile loans		(11)		(10)		(8)		(6)		(11)
Credit card		(25)		(20)		(20)		(22)		(22)
Other consumer loans and leases		(8)		(9)		(8)		(5)		(3)
Total net losses charged-off	($	81)	($	76)	($	68)	($	64)	($	89)
Net losses charged-off as a percent of average portfolio loans and leases:
Commercial and industrial loans		0.27%		0.31%		0.26%		0.17%		0.34%
Commercial mortgage loans		0.06%		(0.09%)		0.16%		0.33%		0.29%
Commercial leases		0.00%		0.08%		0.01%		0.06%		0.08%
Residential mortgage loans		0.06%		0.03%		(0.02%)		0.04%		0.13%
Home equity		0.26%		0.25%		0.18%		0.27%		0.33%
Automobile loans		0.50%		0.45%		0.35%		0.27%		0.48%
Credit card		4.65%		3.74%		3.75%		4.22%		4.03%
Other consumer loans and leases		2.16%		2.38%		2.80%		2.31%		2.89%
Total net losses charged-off as a percent of average portfolio loans and leases		0.36%		0.33%		0.29%		0.28%		0.40%

26

Fifth Third Bancorp and Subsidiaries    

Asset Quality    

$ in millions    

(unaudited)

	For the Three Months Ended
	March 2018		December 2017		September 2017		June 2017		March 2017
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$	1,196	$	1,205	$	1,226	$	1,238	$	1,253
Total net losses charged-off		(81)		(76)		(68)		(64)		(89)
Provision for loan and lease losses		23		67		67		52		74
Deconsolidation of a variable interest entity		—		—		(20)		—		—
Allowance for loan and lease losses, ending	$	1,138	$	1,196	$	1,205	$	1,226	$	1,238
Reserve for unfunded commitments, beginning	$	161	$	157	$	162	$	159	$	161
Provision for unfunded commitments		(10)		4		(5)		3		(2)
Reserve for unfunded commitments, ending	$	151	$	161	$	157	$	162	$	159
Components of allowance for credit losses:
Allowance for loan and lease losses	$	1,138	$	1,196	$	1,205	$	1,226	$	1,238
Reserve for unfunded commitments		151		161		157		162		159
Total allowance for credit losses	$	1,289	$	1,357	$	1,362	$	1,388	$	1,397
	As of
	March 2018		December 2017		September 2017		June 2017		March 2017
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$	155	$	144	$	144	$	225	$	251
Commercial mortgage loans		9		12		14		15		21
Commercial leases		4		—		1		1		—
Residential mortgage loans		16		17		19		19		21
Home equity		55		56		56		52		53
Other consumer loans and leases		1		—		—		—		—
Total nonaccrual portfolio loans and leases (excludes restructured loans)		240		229		234		312		346
Nonaccrual restructured portfolio commercial loans and leases		154		150		214		244		251
Nonaccrual restructured portfolio consumer loans and leases		58		58		58		58		60
Total nonaccrual portfolio loans and leases		452		437		506		614		657
Repossessed property		9		9		10		11		14
OREO		43		43		39		37		50
Total nonperforming portfolio assets		504		489		555		662		721
Nonaccrual loans held for sale		5		5		18		7		7
Nonaccrual restructured loans held for sale		19		1		2		1		2
Total nonperforming assets	$	528	$	495	$	575	$	670	$	730
Restructured portfolio consumer loans and leases (accrual)	$	916	$	927	$	929	$	933	$	950
Restructured portfolio commercial loans and leases (accrual)	$	249	$	249	$	232	$	224	$	277
Loans 90 days past due (accrual):
Commercial and industrial loans	$	7	$	3	$	3	$	3	$	3
Commercial mortgage loans		1		—		—		—		—
Total commercial loans		8		3		3		3		3
Residential mortgage loans		62		57		43		45		45
Automobile loans		9		10		10		7		6
Credit card		28		27		21		20		21
Total consumer loans		99		94		74		72		72
Total loans 90 days past due (accrual)(b)	$	107	$	97	$	77	$	75	$	75
Ratios
Net losses charged-off as a percent of average portfolio loans and leases		0.36%		0.33%		0.29%		0.28%		0.40%
Allowance for loan and lease losses:
As a percent of portfolio loans and leases		1.24%		1.30%		1.31%		1.34%		1.35%
As a percent of nonperforming portfolio loans and leases(a)		252%		274%		238%		200%		188%
As a percent of nonperforming portfolio assets(a)		226%		245%		217%		185%		172%
Nonperforming portfolio loans and leases as a percent of portfolio loans and leases and OREO(a)		0.49%		0.48%		0.55%		0.67%		0.72%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a)		0.55%		0.53%		0.60%		0.72%		0.79%
Nonperforming assets as a percent of total loans and leases, OREO, and repossessed property		0.57%		0.53%		0.62%		0.73%		0.79%
Allowance for credit losses as a percent of nonperforming assets		256%		278%		245%		210%		194%

(a) Excludes nonaccrual loans held for sale.

(b) Excludes loans held for sale.

27

Use of Non-GAAP Financial Measures

In addition to GAAP measures, management considers various Non-GAAP measures when evaluating the performance of the business, including: “taxable equivalent net interest income,” “adjusted taxable equivalent net interest income,” “taxable equivalent net interest margin,” “adjusted taxable equivalent net interest margin,” “adjusted yield on interest-earning assets,” “efficiency ratio,” “taxable equivalent net interest rate spread,” “taxable equivalent income before income taxes,” “noninterest income excluding certain items,” “tangible net income available to common shareholders,” “average tangible common equity,” “tangible common equity ratio,” “tangible common equity ratio (excluding unrealized gains/ losses)” “tangible common equity ratio (including unrealized gains/ losses)” “tangible equity,” “tangible book value per share,” and certain ratios derived from these measures.

The taxable equivalent basis adjusts for the tax-favored status of income from certain loans and securities held by the Bancorp that are not taxable for federal income tax purposes. The Bancorp believes this presentation to be the preferred industry measurement of net interest income as it provides a relevant comparison between taxable and non-taxable amounts.

Noninterest income excluding certain items is provided by management to assist the reader in identifying significant, unusual, or large transactions that impacted noninterest income. Adjusted taxable equivalent net interest income and adjusted taxable equivalent net interest margin are provided by management to assist the reader in identifying significant, unusual, or large transactions that impacted net interest income.

Management considers various measures when evaluating capital utilization and adequacy, including the tangible equity and tangible common equity (including and excluding unrealized gains/losses), in addition to capital ratios defined by the U.S. banking agencies. These calculations are intended to complement the capital ratios defined by the U.S. banking agencies for both absolute and comparative purposes. These ratios are not formally defined by U.S. GAAP or codified in the federal banking regulations and, therefore, are considered to be Non-GAAP financial measures. Management believes that providing the tangible common equity ratio excluding unrealized gains/losses on certain assets and liabilities enables investors and others to assess the Bancorp’s use of equity without the effects of gains or losses some of which are uncertain and providing the tangible common equity ratio including unrealized gains/losses enables investors and others to assess the Bancorp’s use of equity if all unrealized gains or losses were to be monetized.

Management believes tangible book value per share and return on average tangible common equity are important measures for evaluating the performance of a business as it calculates the return available to common shareholders and book value of common stock without the impact of intangible assets and their related amortization. This is useful for evaluating the performance of a business consistently, whether acquired or developed internally, compared to other companies in the industry who present similar measures.

Please note that although Non-GAAP financial measures provide useful insight, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures.

Please see page 29 for Reg. G reconciliations of all historical Non-GAAP measures used in this release to the most directly comparable GAAP measures.

28

Fifth Third Bancorp and Subsidiaries    

Regulation G Non-GAAP Reconciliation    

$ and shares in millions    

(unaudited)

		For the Three Months Ended
		March 2018		December 2017		September 2017		June 2017		March 2017
Net interest income (U.S. GAAP)		$	996	$	956	$	970	$	939	$	933
Add:	Taxable equivalent adjustment		3		7		7		6		6
Taxable equivalent net interest income (a)			999		963		977		945		939
Net interest income (U.S. GAAP) (annualized) (b)			4,039		3,793		3,848		3,766		3,784
Taxable equivalent net interest income (annualized) (c)			4,052		3,821		3,876		3,790		3,808
Taxable equivalent net interest income			999		963		977		945		939
Add:	Leveraged lease remeasurement		—		27		—		—		—
Add (subtract): Bankcard refunds			—		—		—		—		(12)
Adjusted taxable equivalent net interest income (d)			999		990		977		945		927
Adjusted taxable equivalent net interest income (annualized) (e)			4,052		3,928		3,876		3,790		3,760
Interest income (U.S. GAAP)			1,206		1,144		1,152		1,106		1,086
Add:	Taxable equivalent adjustment		3		7		7		6		6
Taxable equivalent interest income			1,209		1,151		1,159		1,112		1,092
Taxable equivalent interest income (annualized) (f)			4,903		4,566		4,598		4,460		4,429
Taxable equivalent interest income			1,209		1,151		1,159		1,112		1,092
Add:	Leveraged lease remeasurement		—		27		—		—		—
Adjusted taxable equivalent interest income (g)			1,209		1,178		1,159		1,112		1,092
Adjusted taxable equivalent interest income (annualized) (h)			4,903		4,674		4,598		4,460		4,429
Interest expense (annualized) (i)			852		746		722		670		621
Noninterest income (j)			909		577		1,561		564		523
Noninterest expense (k)			1,046		1,073		975		957		986
Average interest-earning assets (l)			127,546		126,621		126,443		126,134		125,968
Average interest-bearing liabilities (m)			87,607		84,820		85,328		85,320		84,890
Net interest margin (U.S. GAAP) (b) / (l)			3.17%		3.00%		3.04%		2.99%		3.00%
Taxable equivalent net interest margin (c) / (l)			3.18%		3.02%		3.07%		3.01%		3.02%
Adjusted taxable equivalent net interest margin (e) / (l)			3.18%		3.10%		3.07%		3.01%		2.98%
Adjusted taxable equivalent yield on interest-earnings assets (h) / (l)			3.85%		3.69%		3.64%		3.54%		3.51%
Taxable equivalent efficiency ratio (k) / (a) + (j)			54.8%		69.7%		38.4%		63.4%		67.4%
Taxable equivalent net interest rate spread (f) / (l) - (i) / (m)			2.88%		2.73%		2.79%		2.75%		2.78%
Income before income taxes (U.S. GAAP)		$	836	$	393	$	1,489	$	494	$	396
Add:	Taxable equivalent adjustment		3		7		7		6		6
Taxable equivalent income before income taxes		$	839	$	400	$	1,496	$	500	$	402
Net income available to common shareholders (U.S. GAAP)			689		486		999		344		290
Add:	Intangible amortization, net of tax		1		—		—		—		—
Tangible net income available to common shareholders			690		486		999		344		290
Tangible net income available to common shareholders (annualized) (n)			2,798		1,928		3,963		1,380		1,176
Average Bancorp shareholders’ equity (U.S. GAAP)			16,313		16,493		16,820		16,615		16,429
Less:	Average preferred stock		(1,331)		(1,331)		(1,331)		(1,331)		(1,331)
	Average goodwill		(2,455)		(2,437)		(2,423)		(2,424)		(2,416)
	Average intangible assets and other servicing rights		(27)		(25)		(18)		(18)		(10)
Average tangible common equity (o)			12,500		12,700		13,048		12,842		12,672
Total Bancorp shareholders’ equity (U.S. GAAP)			16,184		16,365		16,360		16,419		16,430
Less:	Preferred stock		(1,331)		(1,331)		(1,331)		(1,331)		(1,331)
	Goodwill		(2,462)		(2,445)		(2,423)		(2,423)		(2,419)
	Intangible assets and other servicing rights		(30)		(27)		(18)		(18)		(11)
Tangible common equity, including unrealized gains / losses (p)			12,361		12,562		12,588		12,647		12,669
Less:	Accumulated other comprehensive income		389		(73)		(185)		(163)		(68)
Tangible common equity, excluding unrealized gains / losses (q)			12,750		12,489		12,403		12,484		12,601
Add:	Preferred stock		1,331		1,331		1,331		1,331		1,331
Tangible equity (r)			14,081		13,820		13,734		13,815		13,932
Total assets (U.S. GAAP)			141,500		142,193		142,264		141,067		140,200
Less:	Goodwill		(2,462)		(2,445)		(2,423)		(2,423)		(2,419)
	Intangible assets and other servicing rights		(30)		(27)		(18)		(18)		(11)
Tangible assets, including unrealized gains / losses (s)			139,008		139,721		139,823		138,626		137,770
Less:	Accumulated other comprehensive income / loss, before tax		492		(92)		(285)		(251)		(105)
Tangible assets, excluding unrealized gains / losses (t)		$	139,500	$	139,629	$	139,538	$	138,375	$	137,665
Common shares outstanding (u)			685		694		705		739		750
Ratios:
Return on average tangible common equity (n) / (o)			22.4%		15.2%		30.4%		10.7%		9.3%
Tangible equity (r) / (t)			10.09%		9.90%		9.84%		9.98%		10.12%
Tangible common equity (excluding unrealized gains/losses) (q) / (t)			9.14%		8.94%		8.89%		9.02%		9.15%
Tangible common equity (including unrealized gains/losses) (p) / (s)			8.89%		8.99%		9.00%		9.12%		9.20%
Tangible book value per share (p) / (u)		$	18.05	$	18.10	$	17.86	$	17.11	$	16.89

29

Fifth Third Bancorp and Subsidiaries    

Segment Presentation    

$ in millions    

(unaudited)    

For the three months ended March 31, 2018	Commercial Banking		Branch Banking(b)		Consumer Lending(c)		Wealth and Asset Management		Other/ Eliminations		Total
Taxable equivalent net interest income(a)	$	422	$	466	$	59	$	43	$	9	$	999
(Provision for) benefit from loan and lease losses		20		(44)		(12)		(16)		29		(23)
Net interest income after provision for loan and lease losses		442		422		47		27		38		976
Total noninterest income		219		184		46		116		344		909
Total noninterest expense		(384)		(437)		(106)		(131)		12		(1,046)
Income (loss) before income taxes		277		169		(13)		12		394		839
Applicable income tax (expense) benefit(a)		(18)		(35)		3		(3)		(82)		(135)
Net income (loss)		259		134		(10)		9		312		704
For the three months ended December 31, 2017(d)	Commercial Banking		Branch Banking(b)		Consumer Lending(c)		Wealth and Asset Management		Other/ Eliminations		Total
Taxable equivalent net interest income(a)	$	397	$	464	$	61	$	40	$	1	$	963
Provision for from loan and lease losses		(13)		(37)		(10)		(4)		(3)		(67)
Net interest income after provision for loan and lease losses		384		427		51		36		(2)		896
Total noninterest income		192		194		54		107		30		577
Total noninterest expense		(410)		(432)		(101)		(124)		(6)		(1,073)
Income before income taxes		166		189		4		19		22		400
Applicable income tax benefit (expense) (a)		(23)		(66)		(2)		(7)		207		109
Net income		143		123		2		12		229		509
For the three months ended September 30, 2017(d)	Commercial Banking		Branch Banking(b)		Consumer Lending(c)		Wealth and Asset Management		Other/ Eliminations		Total
Taxable equivalent net interest income(a)	$	429	$	453	$	59	$	38	($	2)	$	977
(Provision for) benefit from loan and lease losses		3		(35)		(8)		1		(28)		(67)
Net interest income after provision for loan and lease losses		432		418		51		39		(30)		910
Total noninterest income		216		191		68		101		985		1,561
Total noninterest expense		(341)		(419)		(101)		(111)		(3)		(975)
Income before income taxes		307		190		18		29		952		1,496
Applicable income tax expense(a)		(63)		(66)		(6)		(10)		(337)		(482)
Net income		244		124		12		19		615		1,014
For the three months ended June 30, 2017(d)	Commercial Banking		Branch Banking(b)		Consumer Lending(c)		Wealth and Asset Management		Other/ Eliminations		Total
Taxable equivalent net interest income(a)	$	421	$	437	$	59	$	37	($	9)	$	945
(Provision for) benefit from loan and lease losses		(22)		(39)		(7)		1		15		(52)
Net interest income after provision for loan and lease losses		399		398		52		38		6		893
Total noninterest income		228		189		62		101		(16)		564
Total noninterest expense		(330)		(416)		(109)		(113)		11		(957)
Income before income taxes		297		171		5		26		1		500
Applicable income tax expense(a)		(60)		(60)		(2)		(9)		(2)		(133)
Net income (loss)		237		111		3		17		(1)		367
For the three months ended March 31, 2017(d)	Commercial Banking		Branch Banking(b)		Consumer Lending(c)		Wealth and Asset Management		Other/ Eliminations		Total
Taxable equivalent net interest income(a)	$	431	$	430	$	61	$	38	($	21)	$	939
Provision for loan and lease losses		(6)		(42)		(15)		(4)		(7)		(74)
Net interest income after provision for loan and lease losses		425		388		46		34		(28)		865
Total noninterest income		202		184		55		106		(24)		523
Total noninterest expense		(360)		(413)		(106)		(117)		10		(986)
Income (loss) before income taxes		267		159		(5)		23		(42)		402
Applicable income tax (expense) benefit (a)		(50)		(56)		2		(8)		15		(97)
Net income (loss)		217		103		(3)		15		(27)		305

(a) Includes taxable equivalent adjustments of $3 million, $7 million, $7 million, $6 million, and $6 million for the three months ended March 31, 2018, December 31, 2017, September 30, 2017, June 30, 2017 and March 31, 2017, respectively.

(b) Branch Banking provides a full range of deposit and loan and lease products to individuals and small businesses through full-service banking centers.

(c) Consumer Lending includes the Bancorp’s residential mortgage, home equity, automobile and other indirect lending activities.

(d) Prior period balances have been adjusted to reflect changes in internal expense allocation methodologies.

30