8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 23, 2018

(Exact Name of Registrant as Specified in Its Charter)

Ohio

(State or other jurisdiction of incorporation)

001-33653	31-0854434
(Commission File Number)	(IRS Employer Identification No.)
Fifth Third Center 38 Fountain Square Plaza, Cincinnati, Ohio	45263
(Address of principal executive offices)	(Zip Code)

(800) 972-3030

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02 Results of Operations and Financial Condition.

On October 23, 2018, Fifth Third Bancorp issued a press release announcing its earnings release for the third quarter of 2018. A copy of this press release is attached as Exhibit 99.1. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure.

The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities Exchange Act of 1934 or the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 7.01 Regulation FD Disclosure.

On October 23, 2018, Fifth Third Bancorp issued a press release announcing its earnings release for the third quarter of 2018. A copy of this press release is attached as Exhibit 99.1. This information is furnished under both Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure.

For the benefit of its investors, Fifth Third Bancorp is also furnishing a presentation regarding its earnings conference call. A copy of this item is attached as Exhibit 99.2.

The information in this Form 8-K and Exhibits attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities Exchange Act of 1934 or the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit 99.1 – Press release dated October 23, 2018

Exhibit 99.2 – Third Quarter 2018 Earnings Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FIFTH THIRD BANCORP
	(Registrant)
Date: October 23, 2018	/s/ TAYFUN TUZUN
	Tayfun Tuzun
	Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

Fifth Third Announces Third Quarter 2018 Results

Diluted earnings per share of $0.61

Reported results included a negative $0.03 from certain items on page 2

3Q18 Key Financial Data							Key Highlights
$ millions for all balance sheet and income statement items
	3Q18		2Q18		3Q17		Strengthened balance sheet
Income Statement Data							●  Commercial criticized ratio of 3.45% (17+ year low) ●  Total NPA ratio of 0.48% (14 year low) ●  Modified LCR of 119%(e) Focused on profitable relationship growth ●  Households up 4% compared to 3Q17 ●  Adjusted PPNR(a) up 9% compared to 3Q17 ●  Core deposits up 3% compared to 3Q17 ●  NIM(a) up 16 bps compared to 3Q17 Disciplined expense management ●  Expenses down 3% compared to prior quarter ●  Full-time equivalent employees down 4% compared to prior quarter On-track to achieve NorthStar targets(a) ●  ROTCE - 13.5% (adjusted 14%) ●  ROA - 1.21% (adjusted 1.26%) ●  Efficiency ratio ex. LIH - 60.2% (adjusted 59.3%)
Net income available to common shareholders		$418		$563		$999
Net interest income (U.S. GAAP)		1,043		1,020		970
Net interest income (FTE)(a)		1,047		1,024		977
Noninterest income		563		743		1,561
Noninterest expense		1,008		1,037		975
Per Share Data
Earnings per share, basic		$0.62		$0.81		$1.37
Earnings per share, diluted		0.61		0.80		1.35
Book value per share		21.92		21.97		21.30
Tangible book value per share(a)		18.17		18.30		17.86
Balance Sheet & Credit Quality
Average portfolio loans and leases		$93,192		$92,557		$91,906
Average deposits		104,666		103,945		101,834
Net charge-off ratio(b)		0.30  %		0.41  %		0.29  %
Nonperforming asset ratio(c)		0.48		0.52		0.60
Financial Ratios, as reported
Return on average assets		1.21  %		1.66  %		2.85  %
Return on average common equity		11.2		15.3		25.6
Return on average tangible common equity(a)		13.5		18.4		30.4
CET1 capital(d)(e)		10.67		10.91		10.59
Net interest margin(a)		3.23		3.21		3.07
Efficiency(a)		62.6		58.7		38.4
Other than the Quarterly Financial Review tables beginning on page 13, commentary is on a fully taxable-equivalent (FTE) basis unless otherwise noted. Consistent with SEC guidance in Industry Guide 3 that contemplates the calculation of tax-exempt income on a taxable-equivalent basis, net interest income, net interest margin, net interest rate spread, total revenue and the efficiency ratio are provided on an FTE basis. LIH refers to low income housing expense.

CEO Commentary

“Our strong quarterly results again reflected the progress we have made toward achieving our long-term financial targets. Our balance sheet continued to become more resilient, as evidenced by the consistent improvement in key credit quality metrics. Although market dynamics remained challenging during the quarter, our net interest margin increased and we generated solid loan, deposit, and household growth. We continued to diligently manage expenses as we drive toward achieving our long-term efficiency target.”

“Five months after we initially announced our planned acquisition of MB Financial, we remain confident in our ability to achieve the expected financial synergies from the transaction. We have received the necessary shareholder approvals for the acquisition and have recently re-submitted our pro-forma capital plans. We continue to expect the transaction to close in the first quarter of 2019.”

“With improving returns and a strengthened balance sheet, we remain very confident in our ability to achieve our long-term financial targets under Project NorthStar and remain well-positioned to outperform through the cycle.”

-Greg D. Carmichael, Chairman, President and CEO

Investor contact: Sameer Gokhale (513) 534-2219 | Media contact: Larry Magnesen (513) 534-8055 October 23, 2018

Income Statement Highlights
($ in millions, except per-share data)	For the Three Months Ended						% Change
	September		June		September
	2018		2018		2017		Seq		Yr/Yr
Condensed Statements of Income
Net interest income (NII)(a)		$1,047		$1,024		$977		2%		7%
Provision for loan and lease losses		86		33		67		161%		28%
Noninterest income		563		743		1,561		(24%)		(64%)
Noninterest expense		1,008		1,037		975		(3%)		3%
Income before income taxes (a)		$516		$697		$1,496		(26%)		(66%)
Taxable equivalent adjustment		4		4		7		-		(43%)
Applicable income tax expense		79		107		475		(26%)		(83%)
Net income		$433		$586		$1,014		(26%)		(57%)
Less: Net income attributable to noncontrolling interests		-		-		-		NM		NM
Net income attributable to Bancorp		$433		$586		$1,014		(26%)		(57%)
Dividends on preferred stock		15		23		15		(35%)		-
Net income available to common shareholders		$418		$563		$999		(26%)		(58%)
Earnings per share, diluted		$0.61		$0.80		$1.35		(24%)		(55%)

Fifth Third Bancorp (Nasdaq: FITB) today reported third quarter 2018 net income of $433 million compared to net income of $1.0 billion in the year-ago quarter. Net income available to common shareholders was $418 million, or $0.61 per diluted share, compared to $999 million, or $1.35 per diluted share in the year-ago quarter. Prior quarter net income was $586 million and net income available to common shareholders was $563 million, or $0.80 per diluted share.

Diluted earnings per share impact of  certain items
($ in millions, except per-share data)
Valuation of Visa total return swap, after-tax(f)	$14
GreenSky equity securities losses, after-tax(f)	$6
After-tax impact(f)	$20
Average diluted common shares outstanding (thousands)	679,199
Diluted earnings per share impact	$0.03

2

Net Interest Income
(FTE; $ in millions)(a)	For the Three Months Ended						% Change
	September		June		September
	2018		2018		2017		Seq		Yr/Yr
Interest Income
Interest income		$1,319		$1,273		$1,159		4%		14%
Interest expense		272		249		182		9%		49%
Net interest income (NII)		$1,047		$1,024		$977		2%		7%
Average Yield/Rate Analysis								bps Change
Yield on interest-earning assets		4.07%		3.98%		3.64%		9		43
Rate paid on interest-bearing liabilities		1.20%		1.12%		0.85%		8		35
Ratios
Net interest rate spread		2.87%		2.86%		2.79%		1		8
Net interest margin		3.23%		3.21%		3.07%		2		16

Compared to the year-ago quarter, NII increased $70 million, or 7 percent, reflecting higher short-term market rates and growth in interest-earning assets, partially offset by an increase in funding costs. NIM increased 16 bps, primarily driven by higher short-term market rates.

Compared to the prior quarter, NII increased $23 million, or 2 percent, reflecting higher short-term market rates and a higher day count. NIM increased 2 bps, primarily driven by higher short-term market rates, loan growth, and an increase in higher-yielding consumer loans, partially offset by a higher day count.

Noninterest Income
($ in millions)	For the Three Months Ended								% Change
	September			June			September
	2018			2018			2017		Seq		Yr/Yr
Noninterest Income
Service charges on deposits		$139			$137			$138		1%		1%
Corporate banking revenue		100			120			101		(17%)		(1%)
Mortgage banking net revenue		49			53			63		(8%)		(22%)
Wealth and asset management revenue		114			108			102		6%		12%
Card and processing revenue		82			84			79		(2%)		4%
Other noninterest income		86			250			1,076		(66%)		(92%)
Securities (losses) gains, net		(6	)		(5	)		-		(20%)		NM
Securities (losses) gains, net - non-qualifying hedges on mortgage servicing rights		(1	)		(4	)		2		75%		NM
Total noninterest income		$563			$743			$1,561		(24%)		(64%)

Reported noninterest income decreased $998 million, or 64 percent, from the year-ago quarter, and decreased $180 million, or 24 percent, from the prior quarter. The comparisons reflect the impact of certain significant items in the table on page 4.

3

Compared to the year-ago quarter, corporate banking revenue decreased $1 million, or 1 percent, as a decline in loan syndication and equity capital markets revenue was partially offset by higher financial risk management fees. Mortgage banking net revenue decreased $14 million, or 22 percent, primarily driven by lower origination fees and gains on loan sales. Mortgage originations of $1.9 billion decreased 12 percent. Wealth and asset management revenue increased $12 million, or 12 percent, primarily driven by higher personal asset management revenue and brokerage fees. Card and processing revenue increased $3 million, or 4 percent, due to higher credit card spend volume and higher debit transaction volume, partially offset by higher rewards.

Compared to the prior quarter, corporate banking revenue decreased $20 million, or 17 percent, primarily driven by decreases in loan syndication revenue and corporate bond fees. Mortgage banking net revenue decreased $4 million, or 8 percent, primarily driven by lower origination fees and gains on loan sales as well as elevated negative net valuation adjustments. Mortgage originations decreased 12 percent. Wealth and asset management revenue increased $6 million, or 6 percent, primarily driven by higher personal asset management revenue and brokerage fees. Card and processing revenue decreased $2 million, or 2 percent, reflecting higher rewards.

Noninterest Income excluding certain items
($ in millions)	For the Three Months Ended									% Change
	September			June			September
	2018			2018			2017			Seq		Yr/Yr
Noninterest Income excluding certain items
Noninterest income (U.S. GAAP)		$563			$743			$1,561
Valuation of Visa total return swap		17			10			47
Branch and land network impairment charge		-			30			-
Gain from GreenSky IPO		-			(16	)		-
Gain on sale of Worldpay shares		-			(205	)		(1,037	)
GreenSky equity securities losses		8			5			-
Securities losses / (gains), net (excluding GreenSky)		(2	)		-			-
Noninterest income excluding certain items(a)		$586			$567			$571			3%		3%

Compared to the year-ago quarter, noninterest income excluding the items in the table above increased $15 million, or 3 percent. Compared to the prior quarter, noninterest income excluding these items increased $19 million, or 3 percent.

Other noninterest income on a reported basis in the current and previous quarters was impacted by the items disclosed in the table above with the exception of all securities losses / (gains). Excluding these items, other noninterest income of $103 million increased $17 million, or 20 percent compared to the year-ago quarter. Compared to the prior quarter, other noninterest income excluding these items increased $34 million, or 49 percent. Performance compared to the year-ago and prior quarter reflected higher private equity investment income.

4

Noninterest Expense
($ in millions)	For the Three Months Ended						% Change
	September		June		September
	2018		2018		2017		Seq		Yr/Yr
Noninterest Expense
Salaries, wages and incentives		$421		$471		$407		(11%)		3%
Employee benefits		82		78		77		5%		6%
Net occupancy expense		70		74		74		(5%)		(5%)
Technology and communications		71		67		62		6%		15%
Equipment expense		31		30		30		3%		3%
Card and processing expense		31		30		32		3%		(3%)
Other noninterest expense		302		287		293		5%		3%
Total noninterest expense		$1,008		$1,037		$975		(3%)		3%

Compared to the year-ago quarter, noninterest expense increased $33 million, or 3 percent, primarily driven by higher compensation related expense as well as technology and communication expense.

Compared to the prior quarter, noninterest expense decreased $29 million, or 3 percent. Excluding both a $19 million compensation expense, primarily related to a staffing review, and a $10 million contribution to the Fifth Third Foundation from the prior quarter, noninterest expense was flat. Performance primarily reflected lower compensation expense partially offset by higher technology and communications expense, as well as increased marketing expense.

Average Interest-Earning Assets
($ in millions)	For the Three Months Ended						% Change
	September		June		September
	2018		2018		2017		Seq		Yr/Yr
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans		$42,494		$42,292		$41,302		-		3%
Commercial mortgage loans		6,635		6,514		6,807		2%		(3%)
Commercial construction loans		4,870		4,743		4,533		3%		7%
Commercial leases		3,738		3,847		4,072		(3%)		(8%)
Total commercial loans and leases		$57,737		$57,396		$56,714		1%		2%
Consumer loans:
Residential mortgage loans		$15,598		$15,581		$15,523		-		-
Home equity		6,529		6,672		7,207		(2%)		(9%)
Automobile loans		8,969		8,968		9,267		-		(3%)
Credit card		2,299		2,221		2,140		4%		7%
Other consumer loans		2,060		1,719		1,055		20%		95%
Total consumer loans		$35,455		$35,161		$35,192		1%		1%
Portfolio loans and leases		$93,192		$92,557		$91,906		1%		1%
Loans held for sale		785		675		711		16%		10%
Securities and other short-term investments		34,822		34,935		33,826		-		3%
Total average interest-earning assets		$128,799		$128,167		$126,443		-		2%

Compared to the year-ago quarter, average portfolio loans and leases increased 1 percent, primarily driven by higher commercial and industrial (C&I) and other consumer loans, partially offset by declines in home equity loans, commercial leases, and automobile loans. Period end portfolio loans and leases increased 2 percent. Compared to the prior quarter, average portfolio loans and leases increased 1 percent, primarily driven by higher other consumer and C&I loans, partially offset by a decline in home equity loans. Period end portfolio loans and leases increased 2 percent.

5

Compared to the year-ago quarter, average commercial portfolio loans and leases increased 2 percent, primarily driven by higher C&I loans led by growth in corporate banking and middle market lending. Compared to the prior quarter, average commercial portfolio loans and leases increased 1 percent, primarily driven by growth in C&I and commercial real estate loans. Period end commercial line utilization was 35 percent, stable compared to both the year-ago and prior quarter.

Compared to the year-ago quarter, average consumer portfolio loans increased 1 percent, primarily driven by higher other consumer loans, partially offset by declines in home equity and automobile loans. Compared to the prior quarter, average consumer portfolio loans increased 1 percent, primarily driven by higher other consumer loans, partially offset by a decline in home equity.

Average securities and other short-term investments were $34.8 billion compared to $33.8 billion in the year-ago quarter, and $34.9 billion in the prior quarter. Average available-for-sale debt and other securities of $32.6 billion were up 4 percent compared to the year-ago quarter, and flat compared to the prior quarter.

Average Deposits
($ in millions)	For the Three Months Ended						% Change
	September		June		September
	2018		2018		2017		Seq		Yr/Yr
Average Deposits
Demand		$32,333		$32,834		$34,850		(2%)		(7%)
Interest checking		29,681		28,715		25,765		3%		15%
Savings		13,231		13,618		13,889		(3%)		(5%)
Money market		21,753		22,036		20,028		(1%)		9%
Foreign office(g)		317		371		395		(15%)		(20%)
Total transaction deposits		$97,315		$97,574		$94,927		-		3%
Other time		4,177		4,018		3,722		4%		12%
Total core deposits		$101,492		$101,592		$98,649		-		3%
Certificates - $100,000 and over		2,596		2,155		2,625		20%		(1%)
Other deposits		578		198		560		192%		3%
Total average deposits		$104,666		$103,945		$101,834		1%		3%

Compared to the year-ago quarter, both average transaction and core deposits increased 3 percent. Performance was primarily driven by higher commercial interest checking deposits and consumer money market deposits, partially offset by lower commercial demand deposits. Commercial transaction deposits increased 2 percent and consumer transaction deposits increased 3 percent.

Compared to the prior quarter, both average transaction and core deposits were flat. Performance continued to reflect migration from demand deposits to interest-bearing accounts. Commercial transaction deposits increased 1 percent, and consumer transaction deposits decreased 1 percent.

6

Average Wholesale Funding
($ in millions)	For the Three Months Ended						% Change
	September		June		September
	2018		2018		2017		Seq		Yr/Yr
Average Wholesale Funding
Certificates - $100,000 and over		$2,596		$2,155		$2,625		20%		(1%)
Other deposits		578		198		560		192%		3%
Federal funds purchased		1,987		1,080		675		84%		194%
Other short-term borrowings		1,018		2,452		4,212		(58%)		(76%)
Long-term debt		14,434		14,579		13,457		(1%)		7%
Total average wholesale funding		$20,613		$20,464		$21,529		1%		(4%)

Compared to the year-ago quarter, average wholesale funding decreased 4 percent, as strong deposit growth outpaced growth in interest-earning assets. Compared to the prior quarter, average wholesale funding increased 1 percent. Performance reflected higher federal funds borrowings, partially offset by a decline in other short-term borrowings.

7

Credit Quality Summary
($ in millions)	For the Three Months Ended
	September	June		March		December		September
	2018	2018		2018		2017		2017
Total nonaccrual portfolio loans and leases (NPLs)	$403		$437		$452		$437		$506
Repossessed property	8		7		9		9		10
OREO	37		36		43		43		39
Total nonperforming portfolio assets (NPAs)	$448		$480		$504		$489		$555
NPL ratio(h)	0.43%		0.47%		0.49%		0.48%		0.55%
NPA ratio(c)	0.48%		0.52%		0.55%		0.53%		0.60%
Total loans and leases 30-89 days past due (accrual)	270		217		299		280		252
Total loans and leases 90 days past due (accrual)	87		89		107		97		77
Allowance for loan and lease losses, beginning	$1,077		$1,138		$1,196		$1,205		$1,226
Total net losses charged-off	(72)		(94)		(81)		(76)		(68)
Provision for loan and lease losses	86		33		23		67		67
Deconsolidation of a variable interest entity	-		-		-		-		(20)
Allowance for loan and lease losses, ending	$1,091		$1,077		$1,138		$1,196		$1,205
Reserve for unfunded commitments, beginning	$131		$151		$161		$157		$162
(Benefit from) provision for unfunded commitments	(2)		(20)		(10)		4		(5)
Reserve for unfunded commitments, ending	$129		$131		$151		$161		$157
Total allowance for credit losses	$1,220		$1,208		$1,289		$1,357		$1,362
Allowance for loan and lease losses ratio
As a percent of portfolio loans and leases	1.17%		1.17%		1.24%		1.30%		1.31%
As a percent of nonperforming portfolio loans and leases	270%		247%		252%		274%		238%
As a percent of nonperforming portfolio assets	243%		224%		226%		245%		217%
Total losses charged-off	$(112)		$(118)		$(103)		$(94)		$(85)
Total recoveries of losses previously charged-off	40		24		22		18		17
Total net losses charged-off	$(72)		$(94)		$(81)		$(76)		$(68)
Net charge-off ratio (NCO ratio)(b)	0.30%		0.41%		0.36%		0.33%		0.29%
Commercial NCO ratio	0.19%		0.34%		0.21%		0.22%		0.21%
Consumer NCO ratio	0.50%		0.52%		0.60%		0.51%		0.43%

Compared to the year-ago quarter, NPLs decreased $103 million, or 20 percent, with the resulting NPL ratio of 0.43 percent decreasing 12 bps. Repossessed personal property decreased $2 million and OREO balances decreased $2 million. NPAs decreased $107 million, or 19 percent, with the resulting NPA ratio of 0.48 percent, decreasing 12 bps.

Compared to the prior quarter, NPLs decreased $34 million, or 8 percent, with the resulting NPL ratio decreasing 4 bps. Repossessed personal property increased $1 million and OREO balances increased $1 million. NPAs decreased $32 million, or 7 percent, with the resulting NPA ratio decreasing 4 bps.

8

The provision for loan and lease losses totaled $86 million in the current quarter compared to $67 million in the year-ago quarter and $33 million in the prior quarter. The resulting allowance for loan and lease loss ratio represented 1.17 percent of total portfolio loans and leases outstanding in the current quarter, compared with 1.31 percent in the year-ago quarter and 1.17 in the prior quarter. The allowance for loan and lease losses represented 270 percent of nonperforming loans and leases, and 243 percent of nonperforming assets in the current quarter.

Net losses charged-off totaled $72 million in the current quarter compared to $68 million in the year-ago quarter and $94 million in the prior quarter. The resulting NCO ratio of 0.30 percent in the current quarter increased 1 bp compared to the year-ago quarter and decreased 11 bps compared to the prior quarter.

Capital and Liquidity Position
	For the Three Months Ended
	September		June		March		December		September
	2018		2018		2018		2017		2017
Capital Position
Average total Bancorp shareholders’ equity as a percent of average assets		11.39%		11.38%		11.52%		11.69%		11.93%
Tangible equity(a)		10.07%		10.29%		10.09%		9.90%		9.84%
Tangible common equity (excluding unrealized gains/losses)(a)		9.12%		9.33%		9.14%		8.94%		8.89%
Tangible common equity (including unrealized gains/losses)(a)		8.63%		8.98%		8.89%		8.99%		9.00%
Regulatory Capital and Liquidity Ratios(e)
CET1 capital(d)		10.67%		10.91%		10.82%		10.61%		10.59%
Tier I risk-based capital(d)		11.78%		12.02%		11.95%		11.74%		11.72%
Total risk-based capital(d)		15.01%		15.21%		15.25%		15.16%		15.16%
Tier I leverage		10.10%		10.24%		10.11%		10.01%		9.97%
Modified liquidity coverage ratio (LCR)		119%		116%		113%		129%		124%

Capital ratios remained strong during the quarter. The CET1 ratio was 10.67 percent, the tangible common equity to tangible assets ratio was 9.12 percent (excluding unrealized gains/losses), and 8.63 percent (including unrealized gains/losses). The Tier I risk-based capital ratio was 11.78 percent, the Total risk-based capital ratio was 15.01 percent, and the Tier I leverage ratio was 10.10 percent.

During the third quarter of 2018, Fifth Third entered into open market repurchase transactions of 16.9 million shares, or approximately $500 million, of its outstanding common stock, which settled between July 24, 2018 and August 6, 2018.

Tax Rate

The effective tax rate was 15.6 percent compared with 31.9 percent in the year-ago quarter and 15.5 percent in the prior quarter.

Other

Fifth Third has re-submitted its CCAR 2018 capital plan to the Federal Reserve, recognizing the pro forma impact of the combined Fifth Third MB Financial post-merger entity. In the meantime, Fifth Third expects to resume capital distribution activities consistent with the originally-submitted April 2018 capital plan. The timing and amount of this activity is subject to market conditions and applicable securities laws.

9

On September 18, 2018, MB Financial, Inc. common stockholders approved Fifth Third’s acquisition originally announced May 21, 2018. The acquisition is expected to close in the first quarter of 2019, subject to regulatory approvals and other customary closing conditions.

As of September 30, 2018, Fifth Third Bank owned approximately 10.3 million units representing a 3.3 percent interest in Worldpay Holding, LLC, convertible into shares of Worldpay, Inc., a publicly traded firm. Based upon Worldpay’s closing price of $101.27 on September 30, 2018, Fifth Third’s interest in Worldpay was valued at approximately $1.04 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 November 6, 2018 by dialing 800-585-8367 for domestic access or 404-537-3406 for international access (passcode 4083528#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of September 30, 2018, the Company had $142 billion in assets and operates 1,152 full-service Banking Centers, and 2,443 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 approximately 53,000 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 September 30, 2018, Fifth Third also had a 3.3% interest in Worldpay Holding, LLC, a subsidiary of Worldpay, Inc. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2018, had $376 billion in assets under care, of which it managed $38 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)  Non-GAAP measure; see discussion of non-GAAP and Reg. G reconciliation beginning on page 25

(b)  Net losses charged-off as a percent of average portfolio loans and leases

(c)  Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO

(d)  Under the U.S. 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 values are added together resulting in the Bancorp’s total risk-weighted assets.

(e)  Current period regulatory capital and liquidity ratios are estimated

(f)  Assumes a 21% tax rate

(g)  Includes commercial customer Eurodollar sweep balances for which the Bank pays rates comparable to other commercial deposit accounts

(h)  Nonperforming portfolio loans and leases as a percent of portfolio loans and leases and OREO

10

IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed merger, Fifth Third Bancorp has filed with the SEC a Registration Statement on Form S-4 that includes the Proxy Statement of MB Financial, Inc. and a Prospectus of Fifth Third Bancorp, as well as other relevant documents concerning the proposed transaction. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS REGARDING THE MERGER AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.

A free copy of the Proxy Statement/Prospectus, as well as other filings containing information about Fifth Third Bancorp and MB Financial, Inc., may be obtained at the SEC’s Internet site (http://www.sec.gov). You will also be able to obtain these documents, free of charge, from Fifth Third Bancorp at ir.53.com or from MB Financial, Inc. by accessing MB Financial, Inc.’s website at investor.mbfinancial.com.

Copies of the Proxy Statement/Prospectus can also be obtained, free of charge, by directing a request to Fifth Third Investor Relations at Fifth Third Investor Relations, MD 1090QC, 38 Fountain Square Plaza, Cincinnati, OH 45263, by calling (866) 670-0468, or by sending an e-mail to ir@53.com or to MB Financial, Attention: Corporate Secretary, at 6111 North River Road, Rosemont, Illinois 60018, by calling (847) 653-1992 or by sending an e-mail to dkoros@mbfinancial.com.

Fifth Third Bancorp and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of MB Financial, Inc. in respect of the transaction described in the Proxy Statement/Prospectus. Information regarding Fifth Third Bancorp’s directors and executive officers is contained in Fifth Third Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2017 and its Proxy Statement on Schedule 14A, dated March 6, 2018, which are filed with the SEC. Information regarding MB Financial, Inc.’s directors and executive officers is contained in its Proxy Statement on Schedule 14A filed with the SEC on April 3, 2018. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction may be obtained by reading the Proxy Statement/Prospectus regarding the proposed merger. Free copies of this document may be obtained as described in the preceding paragraph.

FORWARD-LOOKING STATEMENTS

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, Fifth Third Bancorp’s and MB Financial, Inc.’s expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “continue,” “positions,” “plan,” “predict,” “project,” “forecast,” “guidance,” “goal,” “objective,” “prospects,” “possible” or “potential,” by future conditional verbs such as “assume,” “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements. Actual results may differ materially from current projections.

In addition to factors previously disclosed in Fifth Third Bancorp’s and MB Financial, Inc.’s reports filed with or furnished to the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the ability to obtain regulatory approvals and meet other closing conditions to the merger, including approval of the merger by MB Financial, Inc.’s stockholders on the expected terms and schedule, including the risk that regulatory approvals required for the merger are not obtained or are obtained subject to conditions that are not anticipated; delay in closing the merger; difficulties and delays in integrating the businesses of MB Financial, Inc. or fully realizing cost savings and other benefits; business disruption following the merger; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer acceptance of Fifth Third Bancorp’s products and services; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; and the impact, extent and timing of technological changes, capital management activities, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms.

Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.

# # #

11

Quarterly Financial Review for September 30, 2018

Table of Contents

Financial Highlights	13-14
Consolidated Statements of Income	15
Consolidated Balance Sheets	16-17
Consolidated Statements of Changes in Equity	18
Average Balance Sheet and Yield/Rate Analysis	19-20
Summary of Loans and Leases	21
Regulatory Capital	22
Summary of Credit Loss Experience	23
Asset Quality	24
Regulation G Non-GAAP Reconciliation	26-27
Segment Presentation	28

12

Fifth Third Bancorp and Subsidiaries
Financial Highlights
$ in millions, except per share data				% / bps				% / bps
(unaudited)	For the Three Months Ended			Change		Year to Date		Change
	September	June	September			September	September
	2018	2018	2017	Seq	Yr/Yr	2018	2017	Yr/Yr
Income Statement Data
Net interest income	$1,043	$1,020	$970	2%	8%	$3,059	$2,842	8%
Net interest income (FTE)(a)	1,047	1,024	977	2%	7%	3,071	2,861	7%
Noninterest income	563	743	1,561	(24%)	(64%)	2,215	2,648	(16%)
Total revenue (FTE)	1,610	1,767	2,538	(9%)	-	5,286	5,509	(4%)
Provision for loan and lease losses	86	33	67	161%	28%	142	193	(26%)
Noninterest expense	1,008	1,037	975	(3%)	3%	3,090	2,918	6%
Net income attributable to Bancorp	433	586	1,014	(26%)	(57%)	1,721	1,685	2%
Net income available to common shareholders	418	563	999	(26%)	(58%)	1,669	1,633	2%
Earnings Per Share Data
Net income allocated to common shareholders	$413	$557	$989	(26%)	(58%)	$1,651	$1,615	2%
Average common shares outstanding (in thousands):
Basic	667,624	683,345	721,280	(2%)	(7%)	680,182	736,686	(8%)
Diluted	679,199	696,210	733,285	(2%)	(7%)	693,079	748,707	(7%)
Earnings per share, basic	$0.62	$0.81	$1.37	(23%)	(55%)	$2.43	$2.19	11%
Earnings per share, diluted	0.61	0.80	1.35	(24%)	(55%)	2.38	2.16	10%
Common Share Data
Cash dividends per common share	$0.18	$0.18	$0.16	-	13%	$0.52	$0.44	18%
Book value per share	21.92	21.97	21.30	-	3%	21.92	21.30	3%
Market price per share	27.92	28.70	27.98	(3%)	-	27.92	27.98	-
Common shares outstanding (in thousands)	661,373	678,162	705,474	(2%)	(6%)	661,373	705,474	(6%)
Market capitalization	$18,466	$19,463	$19,739	(5%)	(6%)	$18,466	$19,739	(6%)
Financial Ratios
Return on average assets	1.21%	1.66%	2.85%	(45)	(164)	1.63%	1.60%	3
Return on average common equity	11.2%	15.3%	25.6%	(410)	(1,440)	15.0%	14.3%	70
Return on average tangible common equity(a)	13.5%	18.4%	30.4%	(490)	(1,690)	18.1%	17.0%	110
Noninterest income as a percent of total revenue(a)	35%	42%	62%	(700)	(2,700)	42%	48%	(600)
Dividend payout	29.0%	22.2%	11.7%	680	1,730	21.4%	20.1%	130
Average total Bancorp shareholders’ equity as a percent of average assets	11.39%	11.38%	11.93%	1	(54)	11.43%	11.83%	(40)
Tangible common equity(a)	9.12%	9.33%	8.89%	(21)	23	9.12%	8.89%	23
Net interest margin (FTE)(a)	3.23%	3.21%	3.07%	2	16	3.20%	3.03%	17
Efficiency (FTE)(a)	62.6%	58.7%	38.4%	390	2,420	58.5%	53.0%	550
Effective tax rate	15.6%	15.5%	31.9%	10	(1,630)	15.7%	29.2%	(1,350)
Credit Quality
Net losses charged-off	$72	$94	$68	(23%)	6%	$247	$221	12%
Net losses charged-off as a percent of average portfolio loans and leases	0.30%	0.41%	0.29%	(11)	1	0.36%	0.32%	4
ALLL as a percent of portfolio loans and leases	1.17%	1.17%	1.31%	-	(14)	1.17%	1.31%	(14)
Allowance for credit losses as a percent of portfolio loans and leases(g)	1.31%	1.31%	1.48%	-	(17)	1.31%	1.48%	(17)
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO	0.48%	0.52%	0.60%	(4)	(12)	0.48%	0.60%	(12)
Average Balances
Loans and leases, including held for sale	$93,977	$93,232	$92,617	1%	1%	$93,363	$92,686	1%
Securities and other short-term investments	34,822	34,935	33,826	-	3%	34,813	33,497	4%
Assets	141,752	141,529	140,992	-	1%	141,616	140,495	1%
Transaction deposits(b)	97,315	97,574	94,927	-	3%	97,303	95,916	1%
Core deposits(c)	101,492	101,592	98,649	-	3%	101,321	99,680	2%
Wholesale funding(d)	20,613	20,464	21,529	1%	(4%)	20,546	20,450	0%
Bancorp shareholders’ equity	16,145	16,108	16,820	-	(4%)	16,187	16,623	(3%)
Regulatory Capital and Liquidity Ratios(e)
CET1 capital(f)	10.67%	10.91%	10.59%	(24)	8	10.67%	10.59%	8
Tier I risk-based capital(f)	11.78%	12.02%	11.72%	(24)	6	11.78%	11.72%	6
Total risk-based capital(f)	15.01%	15.21%	15.16%	(20)	(15)	15.01%	15.16%	(15)
Tier I leverage	10.10%	10.24%	9.97%	(14)	13	10.10%	9.97%	13
Modified liquidity coverage ratio (LCR)	119%	116%	124%	3%	(4%)	119%	124%	(4%)
Operations
Banking centers	1,152	1,158	1,155	(1%)	-	1,152	1,155	-
ATMs	2,443	2,458	2,465	(1%)	(1%)	2,443	2,465	(1%)
Full-time equivalent employees	17,512	18,163	17,797	(4%)	(2%)	17,512	17,797	(2%)

(a) Non-GAAP measure; see discussion of non-GAAP and Reg. G reconciliation beginning on page 25.

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

(c) Includes transaction deposits plus other time deposits.

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

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

(f) Under the U.S. 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 values are added together resulting in the Bancorp’s total risk-weighted assets.

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

13

Fifth Third Bancorp and Subsidiaries
Financial Highlights
$ in millions, except per share data
(unaudited)	For the Three Months Ended
	September		June		March		December		September
	2018		2018		2018		2017		2017
Income Statement Data
Net interest income		$1,043		$1,020		$996		$956		$970
Net interest income (FTE)(a)		1,047		1,024		999		963		977
Noninterest income		563		743		909		577		1,561
Total revenue (FTE)		1,610		1,767		1,908		1,540		2,538
Provision for loan and lease losses		86		33		23		67		67
Noninterest expense		1,008		1,037		1,046		1,073		975
Net income attributable to Bancorp		433		586		704		509		1,014
Net income available to common shareholders		418		563		689		486		999
Earnings Per Share Data
Net income allocated to common shareholders		$413		$557		$681		$482		$989
Average common shares outstanding (in thousands):
Basic		667,624		683,345		689,820		703,372		721,280
Diluted		679,199		696,210		704,101		716,908		733,285
Earnings per share, basic		$0.62		$0.81		$0.99		$0.68		1.37
Earnings per share, diluted		0.61		0.80		0.97		0.67		1.35
Common Share Data
Cash dividends per common share		$0.18		$0.18		$0.16		$0.16		$0.16
Book value per share		21.92		21.97		21.68		21.67		21.30
Market value per share		27.92		28.70		31.75		30.34		27.98
Common shares outstanding (in thousands)		661,373		678,162		684,942		693,805		705,474
Market capitalization		$18,466		$19,463		$21,747		$21,050		$19,739
Financial Ratios
Return on average assets		1.21%		1.66%		2.02%		1.43%		2.85%
Return on average common equity		11.2%		15.3%		18.6%		12.7%		25.6%
Return on average tangible common equity(a)		13.5%		18.4%		22.4%		15.2%		30.4%
Noninterest income as a percent of total revenue(a)		35%		42%		48%		37%		62%
Dividend payout		29.0%		22.2%		16.2%		23.5%		11.7%
Average total Bancorp shareholders’ equity as a percent of average assets		11.39%		11.38%		11.52%		11.69%		11.93%
Tangible common equity(a)		9.12%		9.33%		9.14%		8.94%		8.89%
Net interest margin (FTE)(a)		3.23%		3.21%		3.18%		3.02%		3.07%
Efficiency (FTE)(a)		62.6%		58.7%		54.8%		69.7%		38.4%
Effective tax rate		15.6%		15.5%		15.8%		(29.8%)		31.9%
Credit Quality
Net losses charged-off		$72		$94		$81		$76		$68
Net losses charged-off as a percent of average portfolio loans and leases		0.30%		0.41%		0.36%		0.33%		0.29%
ALLL as a percent of portfolio loans and leases		1.17%		1.17%		1.24%		1.30%		1.31%
Allowance for credit losses as a percent of portfolio loans and leases(g)		1.31%		1.31%		1.40%		1.48%		1.48%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO		0.48%		0.52%		0.55%		0.53%		0.60%
Average Balances
Loans and leases, including held for sale		$93,977		$93,232		$92,869		$92,865		$92,617
Securities and other short-term investments		34,822		34,935		34,677		33,756		33,826
Assets		141,752		141,529		141,565		141,055		140,992
Transaction deposits(b)		97,315		97,574		97,018		96,450		94,927
Core deposits(c)		101,492		101,592		100,874		100,242		98,649
Wholesale funding(d)		20,613		20,464		20,558		20,097		21,529
Bancorp shareholders’ equity		16,145		16,108		16,313		16,493		16,820
Regulatory Capital and Liquidity Ratios(e)
CET1 capital(f)		10.67%		10.91%		10.82%		10.61%		10.59%
Tier I risk-based capital(f)		11.78%		12.02%		11.95%		11.74%		11.72%
Total risk-based capital(f)		15.01%		15.21%		15.25%		15.16%		15.16%
Tier I leverage		10.10%		10.24%		10.11%		10.01%		9.97%
Modified liquidity coverage ratio (LCR)		119%		116%		113%		129%		124%
Operations
Banking centers		1,152		1,158		1,153		1,154		1,155
ATMs		2,443		2,458		2,459		2,469		2,465
Full-time equivalent employees		17,512		18,163		18,344		18,125		17,797

(a) Non-GAAP measure; see discussion of non-GAAP and Reg. G reconciliation beginning on page 25.

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

(c) Includes transaction deposits plus other time deposits.

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

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

(f) Under the U.S. 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 values are added together resulting in the Bancorp’s total risk-weighted assets.

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

14

Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Income
$ in millions
(unaudited)
	For the Three Months Ended						% Change				Year to Date				% Change
	September		June		September						September		September
	2018		2018		2017		Seq		Yr/Yr		2018		2017		Yr/Yr
Interest Income
Interest and fees on loans and leases		$1,040		$996		$899		4%		16%		$2,975		$2,595		15%
Interest on securities		269		267		249		1%		8%		798		739		8%
Interest on other short-term investments		6		6		4		-		50%		17		10		70%
Total interest income		1,315		1,269		1,152		4%		14%		3,790		3,344		13%
Interest Expense
Interest on deposits		144		119		73		21%		97%		359		197		82%
Interest on federal funds purchased		10		5		2		100%		400%		17		4		325%
Interest on other short-term borrowings		6		11		12		(45%)		(50%)		25		24		4%
Interest on long-term debt		112		114		95		(2%)		18%		330		277		19%
Total interest expense		272		249		182		9%		49%		731		502		46%
Net Interest Income		1,043		1,020		970		2%		8%		3,059		2,842		8%
Provision for loan and lease losses		86		33		67		161%		28%		142		193		(26%)
Net Interest Income After Provision for Loan and Lease Losses		957		987		903		(3%)		6%		2,917		2,649		10%
Noninterest Income
Service charges on deposits		139		137		138		1%		1%		414		415		-
Corporate banking revenue		100		120		101		(17%)		(1%)		308		276		12%
Mortgage banking net revenue		49		53		63		(8%)		(22%)		158		170		(7%)
Wealth and asset management revenue		114		108		102		6%		12%		335		313		7%
Card and processing revenue		82		84		79		(2%)		4%		245		232		6%
Other noninterest income		86		250		1,076		(66%)		(92%)		794		1,237		(36%)
Securities (losses) gains, net		(6)		(5)		-		(20%)		NM		(21)		1		NM
Securities (losses) gains, net - non-qualifying hedges on mortgage servicing rights		(1)		(4)		2		75%		NM		(18)		4		NM
Total noninterest income		563		743		1,561		(24%)		(64%)		2,215		2,648		(16%)
Noninterest Expense
Salaries, wages and incentives		421		471		407		(11%)		3%		1,339		1,215		10%
Employee benefits		82		78		77		5%		6%		270		274		(1%)
Net occupancy expense		70		74		74		(5%)		(5%)		219		221		(1%)
Technology and communications		71		67		62		6%		15%		206		177		16%
Equipment expense		31		30		30		3%		3%		92		88		5%
Card and processing expense		31		30		32		3%		(3%)		91		95		(4%)
Other noninterest expense		302		287		293		5%		3%		873		848		3%
Total noninterest expense		1,008		1,037		975		(3%)		3%		3,090		2,918		6%
Income Before Income Taxes		512		693		1,489		(26%)		(66%)		2,042		2,379		(14%)
Applicable income tax expense		79		107		475		(26%)		(83%)		321		694		(54%)
Net Income		433		586		1,014		(26%)		(57%)		1,721		1,685		2%
Less: Net income attributable to noncontrolling interests		-		-		-		NM		NM		-		-		NM
Net Income Attributable to Bancorp		433		586		1,014		(26%)		(57%)		1,721		1,685		2%
Dividends on preferred stock		15		23		15		(35%)		-		52		52		-
Net Income Available to Common Shareholders		$418		$563		$999		(26%)		(58%)		$1,669		$1,633		2%

15

Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share data
(unaudited)	As of			% Change
	September	June	September
	2018	2018	2017	Seq	Yr/Yr
Assets
Cash and due from banks	$2,100	$2,052	$2,205	2%	(5%)
Other short-term investments	1,429	1,636	3,298	(13%)	(57%)
Available-for-sale debt and other securities(a)	31,808	31,961	31,391	-	1%
Held-to-maturity securities(b)	18	19	25	(5%)	(28%)
Trading debt securities	269	280	511	(4%)	(47%)
Equity securities	500	475	428	5%	17%
Loans and leases held for sale	663	783	711	(15%)	(7%)
Portfolio loans and leases:
Commercial and industrial loans	42,631	41,403	41,011	3%	4%
Commercial mortgage loans	6,695	6,625	6,863	1%	(2%)
Commercial construction loans	4,892	4,687	4,652	4%	5%
Commercial leases	3,697	3,788	4,043	(2%)	(9%)
Residential mortgage loans	15,585	15,640	15,588	-	-
Home equity	6,485	6,599	7,143	(2%)	(9%)
Automobile loans	9,002	8,938	9,236	1%	(3%)
Credit card	2,325	2,270	2,168	2%	7%
Other consumer loans	2,131	1,982	1,179	8%	81%
Portfolio loans and leases	93,443	91,932	91,883	2%	2%
Allowance for loan and lease losses	(1,091)	(1,077)	(1,205)	1%	(9%)
Portfolio loans and leases, net	92,352	90,855	90,678	2%	2%
Bank premises and equipment	1,896	1,915	2,018	(1%)	(6%)
Operating lease equipment	546	606	663	(10%)	(18%)
Goodwill	2,462	2,462	2,423	-	2%
Intangible assets	28	30	18	(7%)	56%
Servicing rights	1,010	959	848	5%	19%
Other assets	6,604	6,662	7,047	(1%)	(6%)
Total Assets	$141,685	$140,695	$142,264	1%	-
Liabilities
Deposits:
Demand	$31,803	$32,680	$35,246	(3%)	(10%)
Interest checking	30,288	29,452	26,091	3%	16%
Savings	13,027	13,455	13,693	(3%)	(5%)
Money market	21,977	21,593	19,646	2%	12%
Foreign office	298	336	609	(11%)	(51%)
Other time	4,249	4,058	3,756	5%	13%
Certificates $100,000 and over	2,700	2,557	2,411	6%	12%
Other deposits	-	-	-	NM	NM
Total deposits	104,342	104,131	101,452	-	3%
Federal funds purchased	2,316	597	118	288%	1863%
Other short-term borrowings	1,114	1,763	5,688	(37%)	(80%)
Accrued taxes, interest and expenses	1,155	1,206	2,071	(4%)	(44%)
Other liabilities	2,448	2,425	2,516	1%	(3%)
Long-term debt	14,460	14,321	14,039	1%	3%
Total Liabilities	125,835	124,443	125,884	1%	-
Equity
Common stock(c)	2,051	2,051	2,051	-	-
Preferred stock	1,331	1,331	1,331	-	-
Capital surplus	2,856	2,833	2,682	1%	6%
Retained earnings	16,440	16,143	14,748	2%	11%
Accumulated other comprehensive (loss) income	(775)	(552)	185	(40%)	NM
Treasury stock	(6,073)	(5,574)	(4,637)	9%	31%
Total Bancorp shareholders’ equity	15,830	16,232	16,360	(2%)	(3%)
Noncontrolling interests	20	20	20	-	-
Total Equity	15,850	16,252	16,380	(2%)	(3%)
Total Liabilities and Equity	$141,685	$140,695	$142,264	1%	-
(a)    Amortized cost	$32,707	$32,589	$31,026	-	5%
(b)    Market values	18	19	25	(5%)	(28%)
(c)    Common shares, stated value $2.22 per share (in thousands):
Authorized	2,000,000	2,000,000	2,000,000	-	-
Outstanding, excluding treasury	661,373	678,162	705,474	(2%)	(6%)
Treasury	262,520	245,731	218,419	7%	20%

16

Fifth Third Bancorp and Subsidiaries
Consolidated Balance Sheets
$ in millions, except per share data
(unaudited)	As of
	September	June	March	December	September
	2018	2018	2018	2017	2017
Assets
Cash and due from banks	$2,100	$2,052	$2,038	$2,514	$2,205
Other short-term investments	1,429	1,636	1,747	2,753	3,298
Available-for-sale debt and other securities(a)	31,808	31,961	31,819	31,751	31,391
Held-to-maturity securities(b)	18	19	23	24	25
Trading debt securities	269	280	571	492	511
Equity securities	500	475	418	439	428
Loans and leases held for sale	663	783	717	492	711
Portfolio loans and leases:
Commercial and industrial loans	42,631	41,403	41,635	41,170	41,011
Commercial mortgage loans	6,695	6,625	6,509	6,604	6,863
Commercial construction loans	4,892	4,687	4,766	4,553	4,652
Commercial leases	3,697	3,788	3,919	4,068	4,043
Residential mortgage loans	15,585	15,640	15,563	15,591	15,588
Home equity	6,485	6,599	6,757	7,014	7,143
Automobile loans	9,002	8,938	9,018	9,112	9,236
Credit card	2,325	2,270	2,188	2,299	2,168
Other consumer loans	2,131	1,982	1,615	1,559	1,179
Portfolio loans and leases	93,443	91,932	91,970	91,970	91,883
Allowance for loan and lease losses	(1,091)	(1,077)	(1,138)	(1,196)	(1,205)
Portfolio loans and leases, net	92,352	90,855	90,832	90,774	90,678
Bank premises and equipment	1,896	1,915	1,966	2,003	2,018
Operating lease equipment	546	606	625	646	663
Goodwill	2,462	2,462	2,462	2,445	2,423
Intangible assets	28	30	30	27	18
Servicing rights	1,010	959	926	858	848
Other assets	6,604	6,662	7,326	6,975	7,047
Total Assets	$141,685	$140,695	$141,500	$142,193	$142,264
Liabilities
Deposits:
Demand	$31,803	$32,680	$34,066	$35,276	$35,246
Interest checking	30,288	29,452	29,627	27,703	26,091
Savings	13,027	13,455	13,751	13,425	13,693
Money market	21,977	21,593	21,540	20,097	19,646
Foreign office	298	336	374	484	609
Other time	4,249	4,058	3,945	3,775	3,756
Certificates $100,000 and over	2,700	2,557	2,042	2,402	2,411
Other deposits	-	-	116	-	-
Total deposits	104,342	104,131	105,461	103,162	101,452
Federal funds purchased	2,316	597	178	174	118
Other short-term borrowings	1,114	1,763	1,335	4,012	5,688
Accrued taxes, interest and expenses	1,155	1,206	1,104	1,412	2,071
Other liabilities	2,448	2,425	2,418	2,144	2,516
Long-term debt	14,460	14,321	14,800	14,904	14,039
Total Liabilities	125,835	124,443	125,296	125,808	125,884
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	2,856	2,833	2,828	2,790	2,682
Retained earnings	16,440	16,143	15,707	15,122	14,748
Accumulated other comprehensive (loss) income	(775)	(552)	(389)	73	185
Treasury stock	(6,073)	(5,574)	(5,344)	(5,002)	(4,637)
Total Bancorp shareholders’ equity	15,830	16,232	16,184	16,365	16,360
Noncontrolling interests	20	20	20	20	20
Total Equity	15,850	16,252	16,204	16,385	16,380
Total Liabilities and Equity	$141,685	$140,695	$141,500	$142,193	$142,264
(a)    Amortized cost	$32,707	$32,589	$32,230	$31,577	$31,026
(b)    Market values	18	19	23	24	25
(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	661,373	678,162	684,942	693,805	705,474
Treasury	262,520	245,731	238,951	230,088	218,419

17

Fifth Third Bancorp and Subsidiaries
Consolidated Statements of Changes in Equity
$ in millions
(unaudited)
	For the Three Months Ended				Year to Date
	September		September		September		September
	2018		2017		2018		2017
Total Equity, Beginning		$16,252		$16,446		$16,385		$16,232
Net income attributable to Bancorp		433		1,014		1,721		1,685
Other comprehensive income, net of tax:
Change in unrealized (losses) gains:
Available-for-sale securities		(207)		23		(827)		132
Qualifying cash flow hedges		(17)		(2)		(22)		(9)
Change in accumulated other comprehensive income related to employee benefit plans		1		1		3		3
Comprehensive income		210		1,036		875		1,811
Cash dividends declared:
Common stock		(121)		(114)		(355)		(324)
Preferred stock		(15)		(15)		(52)		(52)
Impact of stock transactions under stock compensation plans, net		24		22		46		51
Shares acquired for treasury		(500)		(990)		(1,053)		(1,332)
Noncontrolling interest		-		(7)		-		(7)
Other		-		2		-		1
Impact of cumulative effect of change in account principles		-		-		4		-
Total Equity, Ending		$15,850		$16,380		$15,850		$16,380

18

Fifth Third Bancorp and Subsidiaries
Average Balance Sheet and Yield/Rate Analysis
$ in millions, except share data
(unaudited)
	For the Three Months Ended						% Change		Year to Date				% Change
	September		June		September				September		September
	2018		2018		2017		Seq	Yr/Yr	2018		2017		Yr/Yr
Assets
Interest-earning assets:
Commercial and industrial loans	$42,614		$42,327		$41,314		1%	3%	$42,249		$41,619		2%
Commercial mortgage loans	6,664		6,521		6,814		2%	(2%)	6,591		6,873		(4%)
Commercial construction loans	4,870		4,743		4,533		3%	7%	4,762		4,277		11%
Commercial leases	3,746		3,847		4,079		(3%)	(8%)	3,850		4,008		(4%)
Residential mortgage loans	16,226		16,213		16,206		-	-	16,176		16,011		1%
Home equity	6,529		6,672		7,207		(2%)	(9%)	6,695		7,389		(9%)
Automobile loans	8,969		8,968		9,267		-	(3%)	9,000		9,486		(5%)
Credit card	2,299		2,221		2,140		4%	7%	2,248		2,121		6%
Other consumer loans	2,060		1,720		1,057		20%	95%	1,792		902		99%
Taxable securities	33,301		33,380		32,289		-	3%	33,272		32,067		4%
Tax exempt securities	69		81		65		(15%)	6%	75		63		19%
Other short-term investments	1,452		1,474		1,472		(1%)	(1%)	1,466		1,367		7%
Total interest-earning assets	128,799		128,167		126,443		-	2%	128,176		126,183		2%
Cash and due from banks	2,193		2,179		2,227		1%	(2%)	2,182		2,202		(1%)
Other assets	11,837		12,320		13,532		(4%)	(13%)	12,394		13,343		(7%)
Allowance for loan and lease losses	(1,077	)	(1,137	)	(1,210	)	(5%)	(11%)	(1,136	)	(1,233	)	(8%)
Total Assets	$141,752		$141,529		$140,992		-	1%	$141,616		$140,495		1%
Liabilities
Interest-bearing liabilities:
Interest checking deposits	$29,681		$28,715		$25,765		3%	15%	$28,938		$26,176		11%
Savings deposits	13,231		13,618		13,889		(3%)	(5%)	13,463		14,081		(4%)
Money market deposits	21,753		22,036		20,028		(1%)	9%	21,517		20,301		6%
Foreign office deposits	317		371		395		(15%)	(20%)	393		409		(4%)
Other time deposits	4,177		4,018		3,722		4%	12%	4,018		3,764		7%
Total interest-bearing core deposits	69,159		68,758		63,799		1%	8%	68,329		64,731		6%
Certificates $100,000 and over	2,596		2,155		2,625		20%	(1%)	2,346		2,609		(10%)
Other deposits	578		198		560		192%	3%	385		330		17%
Federal funds purchased	1,987		1,080		675		84%	194%	1,258		542		132%
Other short-term borrowings	1,018		2,452		4,212		(58%)	(76%)	1,959		3,441		(43%)
Long-term debt	14,434		14,579		13,457		(1%)	7%	14,598		13,528		8%
Total interest-bearing liabilities	89,772		89,222		85,328		1%	5%	88,875		85,181		4%
Demand deposits	32,333		32,834		34,850		(2%)	(7%)	32,992		34,949		(6%)
Other liabilities	3,482		3,345		3,973		4%	(12%)	3,541		3,717		(5%)
Total Liabilities	125,587		125,401		124,151		-	1%	125,408		123,847		1%
Total Equity	16,165		16,128		16,841		-	(4%)	16,208		16,648		(3%)
Total Liabilities and Equity	$141,752		$141,529		$140,992		-	1%	$141,616		$140,495		1%
	For the Three Months Ended						bps Change		Year to Date				bps Change
	September		June		September				September		September
Yield/Rate Analysis	2018		2018		2017		Seq	Yr/Yr	2018		2017		Yr/Yr
Interest-earning assets:
Commercial and industrial loans(a)	4.32%		4.26%		3.75%		6	57	4.18%		3.61%		57
Commercial mortgage loans(a)	4.57%		4.43%		3.85%		14	72	4.40%		3.68%		72
Commercial construction loans(a)	5.14%		4.94%		4.23%		20	91	4.90%		4.01%		89
Commercial leases(a)	2.85%		2.82%		2.70%		3	15	2.82%		2.71%		11
Residential mortgage loans	3.58%		3.56%		3.48%		2	10	3.58%		3.53%		5
Home equity	5.03%		4.85%		4.39%		18	64	4.83%		4.19%		64
Automobile loans	3.47%		3.26%		2.96%		21	51	3.29%		2.88%		41
Credit card	12.17%		11.96%		11.63%		21	54	12.16%		11.84%		32
Other consumer loans	6.98%		6.75%		6.89%		23	9	6.79%		6.70%		9
Total loans and leases	4.41%		4.30%		3.88%		11	53	4.28%		3.77%		51
Taxable securities	3.20%		3.20%		3.06%		-	14	3.20%		3.08%		12
Tax exempt securities(a)	4.35%		4.03%		5.33%		32	(98)	3.28%		5.38%		(210	)
Other short-term investments	1.74%		1.62%		1.16%		12	58	1.58%		0.97%		61
Total interest-earning assets	4.07%		3.98%		3.64%		9	43	3.97%		3.56%		41
Interest-bearing liabilities:
Interest checking deposits	0.88%		0.76%		0.44%		12	44	0.76%		0.38%		38
Savings deposits	0.11%		0.10%		0.06%		1	5	0.09%		0.06%		3
Money market deposits	0.80%		0.71%		0.39%		9	41	0.68%		0.35%		33
Foreign office deposits	0.33%		0.45%		0.21%		(12)	12	0.28%		0.17%		11
Other time deposits	1.48%		1.34%		1.23%		14	25	1.36%		1.23%		13
Total interest-bearing core deposits	0.74%		0.65%		0.39%		9	35	0.64%		0.35%		29
Certificates $100,000 and over	1.85%		1.35%		1.38%		50	47	1.58%		1.36%		22
Other deposits	1.95%		1.80%		1.16%		15	79	1.76%		1.03%		73
Federal funds purchased	1.96%		1.76%		1.16%		20	80	1.80%		0.94%		86
Other short-term borrowings	2.22%		1.84%		1.09%		38	113	1.70%		0.92%		78
Long-term debt	3.09%		3.11%		2.82%		(2)	27	3.02%		2.75%		27
Total interest-bearing liabilities	1.20%		1.12%		0.85%		8	35	1.10%		0.79%		31
(a) Presented on an FTE basis.

19

Fifth Third Bancorp and Subsidiaries
Average Balance Sheet and Yield/Rate Analysis
$ in millions, except share data	For the Three Months Ended
(unaudited)	September		June		March		December		September
	2018		2018		2018		2017		2017
Assets
Interest-earning assets:
Commercial and industrial loans	$42,614		$42,327		$41,799		$41,455		$41,314
Commercial mortgage loans	6,664		6,521		6,588		6,757		6,814
Commercial construction loans	4,870		4,743		4,671		4,660		4,533
Commercial leases	3,746		3,847		3,960		4,018		4,079
Residential mortgage loans	16,226		16,213		16,086		16,178		16,206
Home equity	6,529		6,672		6,889		7,066		7,207
Automobile loans	8,969		8,968		9,064		9,175		9,267
Credit card	2,299		2,221		2,224		2,202		2,140
Other consumer loans	2,060		1,720		1,588		1,354		1,057
Taxable securities	33,301		33,380		33,133		32,222		32,289
Tax exempt securities	69		81		73		75		65
Other short-term investments	1,452		1,474		1,471		1,459		1,472
Total interest-earning assets	128,799		128,167		127,546		126,621		126,443
Cash and due from banks	2,193		2,179		2,175		2,288		2,227
Other assets	11,837		12,320		13,039		13,351		13,532
Allowance for loan and lease losses	(1,077	)	(1,137	)	(1,195	)	(1,205	)	(1,210	)
Total Assets	$141,752		$141,529		$141,565		$141,055		$140,992
Liabilities
Interest-bearing liabilities:
Interest checking deposits	$29,681		$28,715		$28,403		$26,992		$25,765
Savings deposits	13,231		13,618		13,546		13,593		13,889
Money market deposits	21,753		22,036		20,750		20,023		20,028
Foreign office deposits	317		371		494		323		395
Other time deposits	4,177		4,018		3,856		3,792		3,722
Total interest-bearing core deposits	69,159		68,758		67,049		64,723		63,799
Certificates $100,000 and over	2,596		2,155		2,284		2,429		2,625
Other deposits	578		198		379		119		560
Federal funds purchased	1,987		1,080		692		602		675
Other short-term borrowings	1,018		2,452		2,423		2,316		4,212
Long-term debt	14,434		14,579		14,780		14,631		13,457
Total interest-bearing liabilities	89,772		89,222		87,607		84,820		85,328
Demand deposits	32,333		32,834		33,825		35,519		34,850
Other liabilities	3,482		3,345		3,800		4,203		3,973
Total Liabilities	125,587		125,401		125,232		124,542		124,151
Total Equity	16,165		16,128		16,333		16,513		16,841
Total Liabilities and Equity	$141,752		$141,529		$141,565		$141,055		$140,992
Yield/Rate Analysis
Interest-earning assets:
Commercial and industrial loans(a)	4.32%		4.26%		3.96%		3.75%		3.75%
Commercial mortgage loans(a)	4.57%		4.43%		4.20%		3.92%		3.85%
Commercial construction loans(a)	5.14%		4.94%		4.59%		4.28%		4.23%
Commercial leases(a)	2.85%		2.82%		2.78%		0.06%		2.70%
Residential mortgage loans	3.58%		3.56%		3.60%		3.52%		3.48%
Home equity	5.03%		4.85%		4.62%		4.38%		4.39%
Automobile loans	3.47%		3.26%		3.12%		3.06%		2.96%
Credit card	12.17%		11.96%		12.36%		11.83%		11.63%
Other consumer loans	6.98%		6.75%		6.58%		6.64%		6.89%
Total loans and leases	4.41%		4.30%		4.11%		3.80%		3.88%
Taxable securities	3.20%		3.20%		3.21%		3.15%		3.06%
Tax exempt securities(a)	4.35%		4.03%		1.40%		5.62%		5.33%
Other short-term investments	1.74%		1.62%		1.37%		1.24%		1.16%
Total interest-earning assets	4.07%		3.98%		3.85%		3.61%		3.64%
Interest-bearing liabilities:
Interest checking deposits	0.88%		0.76%		0.63%		0.51%		0.44%
Savings deposits	0.11%		0.10%		0.07%		0.06%		0.06%
Money market deposits	0.80%		0.71%		0.53%		0.42%		0.39%
Foreign office deposits	0.33%		0.45%		0.13%		0.30%		0.21%
Other time deposits	1.48%		1.34%		1.25%		1.23%		1.23%
Total interest-bearing core deposits	0.74%		0.65%		0.52%		0.43%		0.39%
Certificates $100,000 and over	1.85%		1.35%		1.49%		1.45%		1.38%
Other deposits	1.95%		1.80%		1.44%		1.17%		1.16%
Federal funds purchased	1.96%		1.76%		1.43%		1.21%		1.16%
Other short-term borrowings	2.22%		1.84%		1.34%		1.10%		1.09%
Long-term debt	3.09%		3.11%		2.86%		2.72%		2.82%
Total interest-bearing liabilities	1.20%		1.12%		0.97%		0.88%		0.85%
Ratios:
Net interest margin (FTE)(b)	3.23%		3.21%		3.18%		3.02%		3.07%
Net interest rate spread (FTE)(b)	2.87%		2.86%		2.88%		2.73%		2.79%
Interest-bearing liabilities to interest-earning assets	69.70%		69.61%		68.69%		66.99%		67.48%
(a) Presented on an FTE basis.
(b) Non-GAAP measure; see discussion of non-GAAP and Reg. G reconciliation beginning on page 25.

20

Fifth Third Bancorp and Subsidiaries
Summary of Loans and Leases
$ in millions
(unaudited)
	For the Three Months Ended
	September	June	March	December	September
	2018	2018	2018	2017	2017
Average Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$42,494	$42,292	$41,782	$41,438	$41,302
Commercial mortgage loans	6,635	6,514	6,582	6,751	6,807
Commercial construction loans	4,870	4,743	4,671	4,660	4,533
Commercial leases	3,738	3,847	3,960	4,016	4,072
Total commercial loans and leases	57,737	57,396	56,995	56,865	56,714
Consumer loans:
Residential mortgage loans	15,598	15,581	15,575	15,590	15,523
Home equity	6,529	6,672	6,889	7,066	7,207
Automobile loans	8,969	8,968	9,064	9,175	9,267
Credit card	2,299	2,221	2,224	2,202	2,140
Other consumer loans	2,060	1,719	1,587	1,352	1,055
Total consumer loans	35,455	35,161	35,339	35,385	35,192
Total average portfolio loans and leases	$93,192	$92,557	$92,334	$92,250	$91,906
Average loans and leases held for sale	$785	$675	$535	$615	$711
End of Period Portfolio Loans and Leases
Commercial loans and leases:
Commercial and industrial loans	$42,631	$41,403	$41,635	$41,170	$41,011
Commercial mortgage loans	6,695	6,625	6,509	6,604	6,863
Commercial construction loans	4,892	4,687	4,766	4,553	4,652
Commercial leases	3,697	3,788	3,919	4,068	4,043
Total commercial loans and leases	57,915	56,503	56,829	56,395	56,569
Consumer loans:
Residential mortgage loans	15,585	15,640	15,563	15,591	15,588
Home equity	6,485	6,599	6,757	7,014	7,143
Automobile loans	9,002	8,938	9,018	9,112	9,236
Credit card	2,325	2,270	2,188	2,299	2,168
Other consumer loans	2,131	1,982	1,615	1,559	1,179
Total consumer loans	35,528	35,429	35,141	35,575	35,314
Total portfolio loans and leases	$93,443	$91,932	$91,970	$91,970	$91,883
Loans and leases held for sale	$663	$783	$717	$492	$711
Operating lease equipment	$546	$606	$625	$646	$663
Loans and leases serviced for others:(a)
Commercial and industrial loans	$465	$421	$401	$415	$449
Commercial mortgage loans	294	263	238	240	228
Commercial construction loans	108	82	87	76	72
Commercial leases	225	222	243	254	257
Residential mortgage loans	63,996	62,247	60,973	60,021	60,783
Other consumer loans	50	50	50	-	-
Total loans and leases serviced for others	65,138	63,285	61,992	61,006	61,789
Total loans and leases serviced	$159,790	$156,606	$155,304	$154,114	$155,046
(a) Fifth Third sells certain loans and leases and obtains servicing responsibilities.

21

Fifth Third Bancorp and Subsidiaries
Regulatory Capital
$ in millions
(unaudited)
	As of
	September		June		March		December		September
	2018(a)		2018		2018		2017		2017
Regulatory capital:
Common stock and related surplus (net of treasury stock)	($1,166	)	($690	)	($465	)	($160	)	$96
Retained earnings	16,440		16,143		15,707		15,122		14,748
Common equity tier I capital adjustments and deductions	(2,465	)	(2,467	)	(2,470	)	(2,445	)	(2,401	)
CET1 capital	12,809		12,986		12,772		12,517		12,443
Additional tier I capital	1,331		1,331		1,331		1,331		1,330
Tier I capital	14,140		14,317		14,103		13,848		13,773
Tier II capital	3,869		3,799		3,896		4,039		4,043
Total regulatory capital	$18,009		$18,116		$17,999		$17,887		$17,816
Risk-weighted assets(b)	$120,002		$119,073		$118,001		$117,997		$117,527
Ratios:
Average shareholders’ equity to average assets	11.39%		11.38%		11.52%		11.69%		11.93%
Regulatory Capital Ratios:
Fifth Third Bancorp
CET1 capital(b)	10.67%		10.91%		10.82%		10.61%		10.59%
Tier I risk-based capital(b)	11.78%		12.02%		11.95%		11.74%		11.72%
Total risk-based capital(b)	15.01%		15.21%		15.25%		15.16%		15.16%
Tier I leverage	10.10%		10.24%		10.11%		10.01%		9.97%
Fifth Third Bank
Tier I risk-based capital(b)	12.27%		12.43%		12.39%		12.06%		12.30%
Total risk-based capital(b)	13.93%		14.10%		14.15%		13.88%		14.14%
Tier I leverage	10.56%		10.63%		10.51%		10.32%		10.50%

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

(b) Under the U.S. 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 values are added together resulting in the Bancorp’s total risk-weighted assets.

22

Fifth Third Bancorp and Subsidiaries
Summary of Credit Loss Experience
$ in millions
(unaudited)	For the Three Months Ended
	September			June			March			December			September
	2018			2018			2018			2017			2017
Average portfolio loans and leases:
Commercial and industrial loans		$42,494			$42,292			$41,782			$41,438			$41,302
Commercial mortgage loans		6,635			6,514			6,582			6,751			6,807
Commercial construction loans		4,870			4,743			4,671			4,660			4,533
Commercial leases		3,738			3,847			3,960			4,016			4,072
Residential mortgage loans		15,598			15,581			15,575			15,590			15,523
Home equity		6,529			6,672			6,889			7,066			7,207
Automobile loans		8,969			8,968			9,064			9,175			9,267
Credit card		2,299			2,221			2,224			2,202			2,140
Other consumer loans		2,060			1,719			1,587			1,352			1,055
Total average portfolio loans and leases		$93,192			$92,557			$92,334			$92,250			$91,906
Losses charged-off:
Commercial and industrial loans		($36	)		($51	)		($33	)		($34	)		($30	)
Commercial mortgage loans		-			(3	)		(2	)		(1	)		(3	)
Commercial leases		-			-			-			(1	)		-
Residential mortgage loans		(3	)		(4	)		(4	)		(3	)		(2	)
Home equity		(6	)		(5	)		(7	)		(8	)		(6	)
Automobile loans		(15	)		(13	)		(17	)		(15	)		(13	)
Credit card		(33	)		(29	)		(28	)		(23	)		(23	)
Other consumer loans		(19	)		(13	)		(12	)		(9	)		(8	)
Total losses charged-off		($112	)		($118	)		($103	)		($94	)		($85	)
Recoveries of losses previously charged-off:
Commercial and industrial loans		$8			$4			$5			$2			$3
Commercial mortgage loans		1			1			1			2			-
Commercial leases		-			-			-			-			-
Residential mortgage loans		1			2			1			2			3
Home equity		3			3			2			4			3
Automobile loans		6			5			6			5			5
Credit card		12			3			3			3			3
Other consumer loans		9			6			4			-			-
Total recoveries of losses previously charged-off		$40			$24			$22			$18			$17
Net losses charged-off:
Commercial and industrial loans		($28	)		($47	)		($28	)		($32	)		($27	)
Commercial mortgage loans		1			(2	)		(1	)		1			(3	)
Commercial leases		-			-			-			(1	)		-
Residential mortgage loans		(2	)		(2	)		(3	)		(1	)		1
Home equity		(3	)		(2	)		(5	)		(4	)		(3	)
Automobile loans		(9	)		(8	)		(11	)		(10	)		(8	)
Credit card		(21	)		(26	)		(25	)		(20	)		(20	)
Other consumer loans		(10	)		(7	)		(8	)		(9	)		(8	)
Total net losses charged-off		($72	)		($94	)		($81	)		($76	)		($68	)
Net losses charged-off as a percent of average portfolio loans and leases:
Commercial and industrial loans		0.26%			0.44%			0.27%			0.31%			0.26%
Commercial mortgage loans		(0.03%	)		0.11%			0.06%			(0.09%	)		0.16%
Commercial leases		0.00%			0.00%			0.00%			0.08%			0.01%
Residential mortgage loans		0.04%			0.05%			0.06%			0.03%			(0.02%	)
Home equity		0.16%			0.12%			0.26%			0.25%			0.18%
Automobile loans		0.41%			0.33%			0.50%			0.45%			0.35%
Credit card		3.53%			4.73%			4.65%			3.74%			3.75%
Other consumer loans		1.94%			1.85%			2.16%			2.38%			2.80%
Total net losses charged-off as a percent of average portfolio loans and leases		0.30%			0.41%			0.36%			0.33%			0.29%

23

Fifth Third Bancorp and Subsidiaries
Asset Quality
$ in millions
(unaudited)	For the Three Months Ended
	September		June		March		December		September
	2018		2018		2018		2017		2017
Allowance for Credit Losses
Allowance for loan and lease losses, beginning	$1,077		$1,138		$1,196		$1,205		$1,226
Total net losses charged-off	(72	)	(94	)	(81	)	(76	)	(68	)
Provision for loan and lease losses	86		33		23		67		67
Deconsolidation of a variable interest entity	-		-		-		-		(20	)
Allowance for loan and lease losses, ending	$1,091		$1,077		$1,138		$1,196		$1,205
Reserve for unfunded commitments, beginning	$131		$151		$161		$157		$162
(Benefit from) provision for unfunded commitments	(2	)	(20	)	(10	)	4		(5	)
Reserve for unfunded commitments, ending	$129		$131		$151		$161		$157
Components of allowance for credit losses:
Allowance for loan and lease losses	$1,091		$1,077		$1,138		$1,196		$1,205
Reserve for unfunded commitments	129		131		151		161		157
Total allowance for credit losses	$1,220		$1,208		$1,289		$1,357		$1,362
	As of
	September		June		March		December		September
	2018		2018		2018		2017		2017
Nonperforming Assets and Delinquent Loans
Nonaccrual portfolio loans and leases:
Commercial and industrial loans	$69		$99		$155		$144		$144
Commercial mortgage loans	7		8		9		12		14
Commercial leases	22		25		4		-		1
Residential mortgage loans	11		13		16		17		19
Home equity	58		54		55		56		56
Automobile loans	-		3		-		-		-
Other consumer loans	1		1		1		-		-
Total nonaccrual portfolio loans and leases (excludes restructured loans)	168		203		240		229		234
Nonaccrual restructured portfolio commercial loans and leases	180		173		154		150		214
Nonaccrual restructured portfolio consumer loans and leases	55		61		58		58		58
Total nonaccrual portfolio loans and leases	403		437		452		437		506
Repossessed property	8		7		9		9		10
OREO	37		36		43		43		39
Total nonperforming portfolio assets	448		480		504		489		555
Nonaccrual loans held for sale	18		5		5		5		18
Nonaccrual restructured loans held for sale	17		18		19		1		2
Total nonperforming assets	$483		$503		$528		$495		$575
Restructured portfolio consumer loans and leases (accrual)	$987		$1,024		$916		$927		$929
Restructured portfolio commercial loans and leases (accrual)	$80		$104		$249		$249		$232
Loans 90 days past due (accrual):
Commercial and industrial loans	$3		$4		$7		$3		$3
Commercial mortgage loans	1		-		1		-		-
Total commercial loans	4		4		8		3		3
Residential mortgage loans	40		44		62		57		43
Automobile loans	11		10		9		10		10
Credit card	32		31		28		27		21
Total consumer loans	83		85		99		94		74
Total loans 90 days past due (accrual)(b)	$87		$89		$107		$97		$77
Ratios
Net losses charged-off as a percent of average portfolio loans and leases	0.30%		0.41%		0.36%		0.33%		0.29%
Allowance for loan and lease losses:
As a percent of portfolio loans and leases	1.17%		1.17%		1.24%		1.30%		1.31%
As a percent of nonperforming portfolio loans and leases(a)	270%		247%		252%		274%		238%
As a percent of nonperforming portfolio assets(a)	243%		224%		226%		245%		217%
Nonperforming portfolio loans and leases as a percent of portfolio loans and leases and OREO(a)	0.43%		0.47%		0.49%		0.48%		0.55%
Nonperforming portfolio assets as a percent of portfolio loans and leases and OREO(a)	0.48%		0.52%		0.55%		0.53%		0.60%
Nonperforming assets as a percent of total loans and leases, OREO, and repossessed property	0.51%		0.54%		0.57%		0.53%		0.62%
Allowance for credit losses as a percent of nonperforming assets	272%		252%		256%		278%		245%
(a) Excludes nonaccrual loans held for sale.
(b) Excludes loans held for sale.

24

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: “net interest income (FTE),” “interest income (FTE),” “net interest margin (FTE),” “net interest rate spread (FTE),” “income before income taxes (FTE),” “tangible net income available to common shareholders,” “average tangible common equity,” “return on average tangible common equity,” “tangible common equity (excluding unrealized gains/losses),” “tangible common equity (including unrealized gains/losses),” “tangible equity,” “tangible book value per share,” “adjusted noninterest income,” “adjusted noninterest expense,” “pre-provision net revenue,” “adjusted efficiency ratio,” “adjusted return on average tangible common equity,” “adjusted pre-provision net revenue,” “adjusted return on average assets,” “efficiency ratio,” “efficiency ratio excluding low income housing (LIH) expense,” “adjusted efficiency ratio excluding LIH expense,” and certain ratios derived from these measures. The Bancorp believes these non-GAAP measures provide useful information to investors because these are among the measures used by the Fifth Third management team to evaluate operating performance and make day-to-day operating decisions.

The FTE 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.

The Bancorp believes tangible net income available to common shareholders, average tangible common equity, tangible common equity (excluding unrealized gains/losses), tangible common equity (including unrealized gains/losses), tangible equity, tangible book value per share and return on average tangible common equity are important measures for evaluating the performance of the business without the impacts of intangible items, whether acquired or created internally, compared to other companies in the industry who present similar measures.

The Bancorp believes adjusted noninterest income, noninterest expense, net interest income, pre-provision net revenue, efficiency ratio, return on average tangible common equity, and return on average assets are important measures that adjust for significant, unusual, or large transactions that may occur in a reporting period which management does not consider indicative of on-going financial performance and enhances comparability of results with prior periods. Furthermore, management believes that adjusted efficiency ratio measures incorporating the impact of LIH expense allows the reader to compare to other companies in the industry who may present efficiency ratios that are not impacted by this expense.

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.

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

25

Fifth Third Bancorp and Subsidiaries
Regulation G Non-GAAP Reconciliation
$ and shares in millions
(unaudited)	For the Three Months Ended
	September			June			March			December			September
	2018			2018			2018			2017			2017
Net interest income		$1,043			$1,020			$996			$956			$970
Add: Taxable equivalent adjustment		4			4			3			7			7
Net interest income (FTE) (a)		1,047			1,024			999			963			977
Net interest income (annualized) (b)		4,138			4,091			4,039			3,793			3,848
Net interest income (FTE) (annualized) (c)		4,154			4,107			4,052			3,821			3,876
Interest income		1,315			1,269			1,206			1,144			1,152
Add:   Taxable equivalent adjustment		4			4			3			7			7
Interest income (FTE)		1,319			1,273			1,209			1,151			1,159
Interest income (FTE) (annualized) (d)		5,233			5,106			4,903			4,566			4,598
Interest expense (annualized) (e)		1,079			999			852			746			722
Average interest-earning assets (f)		128,799			128,167			127,546			126,621			126,443
Average interest-bearing liabilities (g)		89,772			89,222			87,607			84,820			85,328
Net interest margin (b) / (f)		3.21%			3.19%			3.17%			3.00%			3.04%
Net interest margin (FTE) (c) / (f)		3.23%			3.21%			3.18%			3.02%			3.07%
Net interest rate spread (FTE) (d) / (f) - (e) / (g)		2.87%			2.86%			2.88%			2.73%			2.79%
Income before income taxes		$512			$693			$836			$393			$1,489
Add:   Taxable equivalent adjustment		4			4			3			7			7
Income before income taxes (FTE)		$516			$697			$839			$400			$1,496
Net income available to common shareholders (h)		$418			$563			$689			$486			$999
Add:   Intangible amortization, net of tax		1			1			1			-			-
Tangible net income available to common shareholders		419			564			690			486			999
Tangible net income available to common shareholders (annualized) (i)		1,662			2,262			2,798			1,928			3,963
Average Bancorp shareholders’ equity		16,145			16,108			16,313			16,493			16,820
Less: Average preferred stock		(1,331	)		(1,331	)		(1,331	)		(1,331	)		(1,331	)
Average goodwill		(2,462	)		(2,462	)		(2,455	)		(2,437	)		(2,423	)
Average intangible assets		(29	)		(30	)		(27	)		(25	)		(18	)
Average tangible common equity (j)		12,323			12,285			12,500			12,700			13,048
Total Bancorp shareholders’ equity		15,830			16,232			16,184			16,365			16,360
Less: Preferred stock		(1,331	)		(1,331	)		(1,331	)		(1,331	)		(1,331	)
Goodwill		(2,462	)		(2,462	)		(2,462	)		(2,445	)		(2,423	)
Intangible assets		(28	)		(30	)		(30	)		(27	)		(18	)
Tangible common equity, including unrealized gains / losses (k)		12,009			12,409			12,361			12,562			12,588
Less: Accumulated other comprehensive income		775			552			389			(73	)		(185	)
Tangible common equity, excluding unrealized gains / losses (l)		12,784			12,961			12,750			12,489			12,403
Add:  Preferred stock		1,331			1,331			1,331			1,331			1,331
Tangible equity (m)		14,115			14,292			14,081			13,820			13,734
Total assets		141,685			140,695			141,500			142,193			142,264
Less: Goodwill		(2,462	)		(2,462	)		(2,462	)		(2,445	)		(2,423	)
Intangible assets		(28	)		(30	)		(30	)		(27	)		(18	)
Tangible assets, including unrealized gains / losses (n)		139,195			138,203			139,008			139,721			139,823
Less: Accumulated other comprehensive income / loss, before tax		981			699			492			(92	)		(285	)
Tangible assets, excluding unrealized gains / losses (o)		$140,176			$138,902			$139,500			$139,629			$139,538
Common shares outstanding (p)		661			678			685			694			705
Tangible equity (m) / (o)		10.07%			10.29%			10.09%			9.90%			9.84%
Tangible common equity (excluding unrealized gains/losses) (l) / (o)		9.12%			9.33%			9.14%			8.94%			8.89%
Tangible common equity (including unrealized gains/losses) (k) / (n)		8.63%			8.98%			8.89%			8.99%			9.00%
Tangible book value per share (k) / (p)		$18.17			$18.30			$18.05			$18.10			$17.86

26

Fifth Third Bancorp and Subsidiaries
Regulation G Non-GAAP Reconciliation
$ and shares in millions
(unaudited)	For the Three Months Ended
	September		June		September
	2018		2018		2017
Net income attributable to Bancorp (q)	$433		$586		$1,014
Net income attributable to Bancorp (annualized) (r)	1,718		2,350		4,023
Net income adjustments (pre-tax items)
Branch and land network impairment charge	-		30		-
Valuation of Visa total return swap	17		10		47
Gain from GreenSky IPO	-		(16	)	-
Securities losses, net (including GreenSky)	6		5		-
Fifth Third Foundation contribution	-		10		-
Gain on sale of Vantiv/Worldpay shares	-		(205	)	(1,037	)
Staffing review expense	-		19		-
Net income adjustments, after-tax (s)	18		(116	)	(644	)
Noninterest income (t)	563		743		1,561
Branch and land network impairment charge	-		30		-
Valuation of Visa total return swap	17		10		47
Gain from GreenSky IPO	-		(16	)	-
Securities losses, net (including GreenSky)	6		5		-
Gain on sale of Vantiv/Worldpay shares	-		(205	)	(1,037	)
Adjusted noninterest income (u)	586		567		571
Noninterest expense (v)	1,008		1,037		975
Fifth Third Foundation contribution	-		(10	)	-
Staffing review expense	-		(19	)	-
Adjusted noninterest expense (w)	1,008		1,008		975
Impairment on affordable housing investments, as reported	(39	)	(47	)	(41	)
Adjusted noninterest expense excluding low-income housing (LIH) expense (x)	969		961		934
Noninterest expense excluding LIH expense (y)	969		990		934
Adjusted net income attributable to Bancorp (q) + (s)	451		470		370
Adjusted net income attributable to Bancorp (annualized) (z)	1,789		1,885		1,468
Adjusted net income available to common shareholders (h) + (s)	436		447		355
Adjusted net income available to common shareholders (annualized) (aa)	1,730		1,793		1,408
Average assets (ab)	$141,752		$141,529		$140,992
Return on average tangible common equity (i) / (j)	13.5%		18.4%		30.4%
Adjusted return on average tangible common equity (aa) / (j)	14.0%		14.6%		10.8%
Return on average assets (r) / (ab)	1.21%		1.66%		2.85%
Adjusted return on average assets (z) / (ab)	1.26%		1.33%		1.04%
Efficiency ratio (v) / [(a) + (t)]	62.6%		58.7%		38.4%
Efficiency ratio excluding LIH expense (y) / [(a) + (t)]	60.2%		56.0%		36.8%
Adjusted efficiency ratio excluding LIH expense (x) / [(a) + (u)]	59.3%		60.4%		60.3%
Adjusted pre-provision net revenue (PPNR) (a) + (u) - (w)	$625		$583		$573

27

Fifth Third Bancorp and Subsidiaries
Segment Presentation
$ in millions
(unaudited)
For the three months ended September 30, 2018	Commercial   Banking		Branch     Banking(b)		Consumer   Lending(c)		Wealth   and Asset   Management		Other/   Eliminations		Total
Net interest income (FTE)(a)	$431		$525		$60		$46		($15	)	$1,047
(Provision for) benefit from loan and lease losses	11		(34	)	(10	)	(3	)	(50	)	(86	)
Net interest income after provision for loan and lease losses	442		491		50		43		(65	)	961
Noninterest income	235		204		50		115		(41	)	563
Noninterest expense	(345	)	(433	)	(100	)	(126	)	(4	)	(1,008	)
Income (loss) before income taxes	332		262		-		32		(110	)	516
Applicable income tax (expense) benefit(a)	(34	)	(55	)	-		(7	)	13		(83	)
Net income (loss)	298		207		-		25		(97	)	433
For the three months ended June 30, 2018	Commercial   Banking		Branch     Banking(b)		Consumer   Lending(c)		Wealth   and Asset   Management		Other/   Eliminations		Total
Net interest income (FTE)(a)	$431		$499		$59		$45		($10	)	$1,024
(Provision for) benefit from loan and lease losses	10		(47	)	(8	)	11		1		(33	)
Net interest income after provision for loan and lease losses	441		452		51		56		(9	)	991
Noninterest income	229		167		52		109		186		743
Noninterest expense	(358	)	(432	)	(107	)	(123	)	(17	)	(1,037	)
Income (loss) before income taxes	312		187		(4	)	42		160		697
Applicable income tax (expense) benefit(a)	(23	)	(40	)	1		(9	)	(40	)	(111	)
Net income (loss)	289		147		(3	)	33		120		586
For the three months ended March 31, 2018	Commercial   Banking		Branch     Banking(b)		Consumer   Lending(c)		Wealth   and Asset   Management		Other/   Eliminations		Total
Net interest income (FTE)(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
Noninterest income	219		184		46		116		344		909
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
Net interest income (FTE)(a)	$397		$464		$61		$40		$1		$963
Provision for 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
Noninterest income	192		194		54		107		30		577
Noninterest expense	(410	)	(432	)	(101	)	(124	)	(6	)	(1,073	)
Income before income taxes	166		189		4		19		22		400
Applicable income tax (expense) benefit(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
Net interest income (FTE)(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
Noninterest income	216		191		68		101		985		1,561
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
(a) Includes taxable equivalent adjustments of $4 million, $4 million, $3 million, $7 million and $7 million for the three months ended September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017 and September 30, 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.

28

EX-99.2

Fifth Third Bancorp 3Q18 Earnings Presentation October 23, 2018 Refer to earnings release dated October 23, 2018 for further information. Exhibit 99.2

FORWARD-LOOKING STATEMENTS This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, Fifth Third Bancorp’s and MB Financial, Inc.’s expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “continue,” “positions,” “plan,” “predict,” “project,” “forecast,” “guidance,” “goal,” “objective,” “prospects,” “possible” or “potential,” by future conditional verbs such as “assume,” “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements. Actual results may differ materially from current projections. In addition to factors previously disclosed in Fifth Third Bancorp’s and MB Financial, Inc.’s reports filed with or furnished to the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the ability to obtain regulatory approvals and meet other closing conditions to the merger, including approval of the merger by MB Financial, Inc.’s stockholders on the expected terms and schedule, including the risk that regulatory approvals required for the merger are not obtained or are obtained subject to conditions that are not anticipated; delay in closing the merger; difficulties and delays in integrating the businesses of MB Financial, Inc. or fully realizing cost savings and other benefits; business disruption following the merger; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer acceptance of Fifth Third Bancorp’s products and services; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; and the impact, extent and timing of technological changes, capital management activities, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. In this presentation, we may sometimes use 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. If applicable, we provide GAAP reconciliations for non-GAAP financial measures in a later slide in this presentation, which is also available in the investor relations section of our website, www.53.com. Management does not provide a reconciliation for forward-looking non-GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of the Bancorp's control or cannot be reasonably predicted. For the same reasons, the Bancorp's management is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. We provide a discussion of non-GAAP measures and reconciliations to the most directly comparable GAAP measures in later slides in this presentation, as well as on pages 25 through 27 of our 3Q18 earnings release. IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT In connection with the proposed merger, Fifth Third Bancorp has filed with the SEC a Registration Statement on Form S-4 that includes the Proxy Statement of MB Financial, Inc. and a Prospectus of Fifth Third Bancorp, as well as other relevant documents concerning the proposed transaction. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS REGARDING THE MERGER AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. A free copy of the Proxy Statement/Prospectus, as well as other filings containing information about Fifth Third Bancorp and MB Financial, Inc., may be obtained at the SEC’s Internet site (http://www.sec.gov). You will also be able to obtain these documents, free of charge, from Fifth Third Bancorp at ir.53.com or from MB Financial, Inc. by accessing MB Financial, Inc.’s website at investor.mbfinancial.com.   Copies of the Proxy Statement/Prospectus can also be obtained, free of charge, by directing a request to Fifth Third Investor Relations at Fifth Third Investor Relations, MD 1090QC, 38 Fountain Square Plaza, Cincinnati, OH 45263, by calling (866) 670-0468, or by sending an e-mail to ir@53.com or to MB Financial, Attention: Corporate Secretary, at 6111 North River Road, Rosemont, Illinois 60018, by calling (847) 653-1992 or by sending an e-mail to dkoros@mbfinancial.com. Fifth Third Bancorp and MB Financial, Inc. and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of MB Financial, Inc. in respect of the transaction described in the Proxy Statement/Prospectus. Information regarding Fifth Third Bancorp’s directors and executive officers is contained in Fifth Third Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2017 and its Proxy Statement on Schedule 14A, dated March 6, 2018, which are filed with the SEC. Information regarding MB Financial, Inc.’s directors and executive officers is contained in its Proxy Statement on Schedule 14A filed with the SEC on April 3, 2018. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction may be obtained by reading the Proxy Statement/Prospectus regarding the proposed merger. Free copies of this document may be obtained as described in the preceding paragraph.

Strategic priorities for the company 1 3 Implement remaining NorthStar initiatives and achieve standalone financial targets Continue to position company to pursue profitable organic growth opportunities 2 Successfully integrate MB Financial and realize expected financial benefits

3Q18 highlights Generated strong loan growth NIM expansion exceeded prior guidance; 2% NII growth compared to the prior quarter Disciplined expense management Remain on-track to achieve NorthStar targets1,2 Adjusted PPNR up 9% Adjusted efficiency ratio lowest since 2015 Adjusted ROTCE up 323 bps Adjusted ROA up 22 bps Reported 1All comparisons are YoY; 2For adjusted EPS: see reconciliation on page 5 of this presentation and page 2 of the earnings release, for other Non-GAAP measures: see reconciliation on pages 23 and 24 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release; 3Fully taxable equivalent; 4LIH refers to low income housing expense; 5Commercial criticized assets as a percentage of total commercial loans excluding HFS Adjusted2 EPS ROA Efficiency ratio3 ROTCE $0.61 $0.64 1.26% NCO ratio: 0.30% NPA ratio: 0.48% Criticized asset ratio5: 3.45% 14.0% NIM3 3.23% 3.23% 1.21% 13.5% 61.7% 62.6% 59.3% excluding LIH4 ROE 11.7% 11.2%

3Q18 in review 3Q18 reported EPS of $0.61 included a negative $0.03 impact from the following items: $17MM pre-tax (~$14MM after-tax2) charge related to the valuation of the Visa total return swap $8MM pre-tax (~$6MM after-tax2) securities loss related to our ownership stake in GreenSky 3Q18 adjusted EPS of $0.643 1Non-GAAP measure: see reconciliation on pages 23 and 24 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release; 2Assumes a 21% tax rate; 3Average diluted common shares outstanding (thousands); 679,199.

Commercial Balance sheet Securities1 and short-term investments Loan & lease balances Core deposit balances Securities1 Short-term investments Commercial Consumer Total IB core deposit rate 1Available-for-sale debt and other securities at amortized cost; previous disclosures included available-for-sale equity securities which are now disclosed separately in the financial results See forward looking statements on page 2 Consumer Total loan yield Taxable securities yield Total average balance; $ billions Commercial loans & leases: up modestly from 3Q18 Consumer loans: flat from 3Q18 Current 4Q18 outlook (end of period, incl. HFS) Loan & lease balances exclude HFS

Net interest income1 3Q18 vs. 3Q17 Current 4Q18 outlook 3Q18 vs. 2Q18 NII up $70 million, or 7% NIM up 16 bps Primary NII and NIM performance drivers: Higher short-term market rates Growth in interest-earning assets NII up $23 million, or 2% NIM up 2 bps Primary NII and NIM performance drivers: Higher short-term market rates ($7MM, +2 bps) Growth in higher-yielding consumer loans ($5MM, +1 bp) Wholesale funding mix ($3MM, + 1 bp) Day count ($7MM, -2 bps) 1Net interest income (NII) and net interest margin (NIM) are on a fully-taxable equivalent basis; non-GAAP measure: see reconciliation on pages 23 and 24 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release See forward-looking statements on page 2 NII up ~2% from 3Q18 NIM up 2 – 3 bps from 3Q18 Total net interest income; $ millions

Noninterest income 3Q18 vs. 3Q17 Current 4Q18 outlook 3Q18 vs. 2Q18 Adjusted noninterest income1 up $15 million, or 3% Performance drivers: Other revenue primarily driven by private equity income Increased wealth and asset management revenue Offset by weakness in mortgage banking revenue Adjusted noninterest income1 up $19 million, or 3% Performance drivers: Increased wealth and asset management revenue Offset by corporate banking revenue decreasing from record levels 1Non-GAAP measure: see reconciliation on pages 23 and 24 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release See forward-looking statements on page 2 Total noninterest income; $ millions up ~2% from adjusted 3Q18, despite continued weakness in mortgage

Noninterest expense 3Q18 vs. 3Q17 Current 4Q18 outlook 3Q18 vs. 2Q18 Adjusted noninterest expense1 up $33 million, or 3% Performance drivers: Higher compensation-related expense Increase in technology expense and marketing expense Adjusted noninterest expense1 flat Performance drivers: Lower compensation-related expenses Partially offset by an increase in technology and communications expense 1Non-GAAP measure: see reconciliation on pages 23 and 24 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release See forward-looking statements on page 2 Up 1% from 3Q18 assuming the FDIC surcharge remains (excludes any MBFI merger-related expenses) Total noninterest expense; $ millions

Credit quality overview 1Excludes HFS loans; 2Commercial criticized assets as a percentage of total commercial loans excluding HFS See forward-looking statements on page 2 Net charge-offs of 0.30%, up 1 bp compared to the year-ago quarter; down 11 bps compared to the prior quarter Commercial net charge-offs down 15 bps compared to the prior quarter Consumer net charge-offs down 2 bps compared to the prior quarter NPA ratio of 0.48%, down 12 bps compared to the year-ago quarter; down 4 bps compared to the prior quarter Nonperforming assets at a 14 year low Criticized asset ratio down 205 bps compared to the year-ago quarter; down 42 bps compared to the prior quarter Criticized asset ratio remains at the lowest level in ~20 years Nonperforming assets1 Net charge-offs Criticized assets2 $ millions $ millions Current 4Q18 outlook Provision reflective of loan growth Net charge-offs generally stable from 3Q18

Strong capital and liquidity position 1Current period regulatory capital ratio is estimated Common Equity Tier 1 ratio (Basel III)1 Modified LCR CET1 ratio of 10.7%, up 8 bps compared to the year-ago quarter and down 24 bps compared to the prior quarter Continue to expect migration towards 9.5% CET1 ratio Repurchased $500MM, or 16.9MM shares Re-submitted CCAR 2018 capital plan to the Federal Reserve, recognizing the pro forma impact of the combined Fifth Third MB Financial post-merger entity; expect to receive regulatory feedback by year-end Expect to resume capital distribution activities consistent with the originally-submitted April 2018 capital plan

Current 4Q18 outlook Loans & leases Noninterest expense Effective tax rate Noninterest income NII (FTE)1 NIM (FTE)1 Credit items 1Non-GAAP measure: see forward-looking statements on page 2 of this presentation regarding forward-looking non-GAAP measures and use of non-GAAP measures on pages 25-27 of the earnings release. Note: Previous and current outlook excludes potential, but currently unforecasted, items, such as any potential Worldpay gains or losses, future capital actions, or changes in regulatory accounting guidance (end of period, incl. HFS) Q4 2018: up ~2% from 3Q18 Q4 2018: up 2 – 3 bps from 3Q18 Q4 2018: 16.75 – 17.25% Run-rate beyond 2018: 15.25 – 15.75% (excluding impact of MBFI) Provision reflective of loan growth Net charge-offs generally stable from 3Q18 Outlook as of October 23, 2018; please see cautionary statement on page 2 regarding forward-looking statements Q4 2018: Commercial up modestly from 3Q18; Consumer flat from 3Q18 Q4 2018: up ~1% from 3Q18 assuming the FDIC surcharge remains (excludes any MBFI merger-related expenses) Q4 2018: up ~2% from adjusted 3Q18

MB Financial integration and financial update Integration update All regulatory applications filed and up to date Received ODFI conditional approval pending FRB approval MB common shareholder approval received on 9/18 Highly successful talent and client retention to date; focused on maintaining positive momentum post-closing Detailed plans for seamless integration Expect to close and convert majority of systems applications in 1Q19 Financial update Expect pre-tax expense synergies of ~$255MM (50% year 1; 100% year 2) $60 - 75MM revenue synergies identified (pre-tax, net of expenses) by year 3 Continue to expect revenue streams consistent with original deal model Resubmitted CCAR plan; expect regulatory feedback by the end of 2018

Strategic priorities for the company 1 2 3 Implement remaining NorthStar initiatives and achieve standalone financial targets Successfully integrate MB Financial and realize expected financial benefits Continue to position company to pursue profitable organic growth opportunities Focused on top quartile through-the-cycle performance to create long term shareholder value

Appendix

Efficiency ratio trend1 Pre-provision net revenue1 3Q18 vs. 3Q17 3Q18 vs. 2Q18 Adjusted PPNR up 9% driven by: NII growth primarily driven by short-term rates Fee growth driven by increased wealth and asset management and other revenue Partially offset by increased technology expense Adjusted PPNR up 7% driven by: NII growth primarily driven by short-term rates Fee growth driven by increased wealth and asset management and other revenue Flat expenses; lower compensation offset by technology expense 1Non-GAAP measure: see reconciliation on pages 23 and 24 of this presentation and use of non-GAAP measures on pages 25-27 of the earnings release See forward-looking statements on page 2 Pre-provision net revenue; $ millions

Strong liquidity profile $ millions – excl. Retail Brokered & Institutional CDs Unsecured debt maturities Heavily core funded Holding company: Modified LCR of 119% Holding Company cash as of September 30, 2018: $3.1B Cash currently sufficient to satisfy all fixed obligations in a stressed environment for ~23 months (debt maturities, common and preferred dividends, interest, and other expenses) without accessing capital markets, relying on dividends from subsidiaries or any other actions The Holding Company did not issue any long-term debt in 3Q18 Bank entity: In 3Q18, the Bank issued $1.55B of senior notes consisting of 3 tranches - $500MM 3-yr fixed rate, $300MM 3-yr floating rate, and $750MM 7-yr fixed rate $1.25B of senior bank notes was redeemed in 3Q18 Available and contingent borrowing capacity (3Q18): FHLB ~$10.4B available, ~$11.1B total Federal Reserve ~$33.9B 2018 funding plans In 2018, Fifth Third expects to issue sufficient long-term debt to maintain its current ratings under the Moody’s LGF methodology As of 09/30/2018 1$600MM of senior bank notes matured in 1Q18; $500MM of Holding Company debt matured in 2Q18; $1.25B of senior bank notes was redeemed in 3Q18 $3,962

Balance sheet positioning Investment portfolio $13.1B fixed | $44.2B variable 1,2,3 Commercial loans1,2,3 Consumer loans1 Long-term debt4 $26.1B fixed | $10.0B variable 1 $9.8B fixed | $4.6B variable 4 56% allocation to bullet/ locked-out cash flow securities Yield: 3.22% Effective duration of 5.25 Net unrealized pre-tax loss: $898MM 99% AFS 1ML based: 66%6 3ML based: 7%6 Prime based: 4%6 Weighted avg. life: 1.68 years 1ML based: 2%7 12ML based: 2%7 Prime based: 22%7 Weighted avg. life: 3.45 years Auto: 1.53 years Data as of 9/30/18; 1Includes HFS Loans & Leases; 2Fifth Third had $4.15B of variable loans classified as fixed given the 1ML receive-fix swaps outstanding against C&I loans; 3Excludes derivative instruments added after 9/30/18 and mid-2019 forward starting swaps which partially replaces existing 2019 swap maturities; 4Fifth Third had $2.21B 3ML receive-fix swaps and $1.25B 1ML receive-fix swaps outstanding against long-term debt, which are being included in floating, long-term debt with swaps outstanding reflected at fair value; 5Effective duration of the taxable available for sale portfolio; 6As a percent of total commercial; 7As a percent of total consumer; 8As a percent of total long-term debt 1ML based: 9%8 3ML based: 23%8 Weighted avg. life: 4.25 years Level 1 100% Fix | 0% Float Level 2A 100% Fix | 0% Float Non-HQLA/ Other 78% Fix | 22% Float C&I 20% Fix | 80% Float Coml. mortgage 21% Fix | 79% Float Coml. lease 100% Fix | 0% Float Resi mtg.& construction 91% Fix | 9% Float Auto 100% Fix | 0% Float Home equity 9% Fix | 91% Float Senior debt 65% Fix | 35% Float Sub debt 74% Fix | 26% Float Auto securiz. proceeds 96% Fix | 4% Float Coml. construction 1% Fix | 99% Float Credit card 24% Fix | 76% Float Other 59% Fix | 41% Float Other 63% Fix | 37% Float Total interest earning assets ~$129B; $70B fixed | $59B variable

Interest rate risk management Estimated NII sensitivity profile and ALCO policy limits Estimated NII sensitivity with deposit beta changes Estimated NII sensitivity with demand deposit balance changes NII is near asset/liability neutral over the next 12 months with betas assumed at 70% and no re-pricing lag: As of 9/30/18, 58% of loans were floating rate net of existing swaps (77% of commercial; 28% of total consumer) Added derivative instruments post quarter-end (swaps and floors) for protection against lower interest rates, as reflected in the table Investment portfolio effective duration of 5.21 Short-term borrowings represent approximately 17% of total wholesale funding, or 3% of total funding Approximately $11 billion in non-core funding matures beyond one year Interest rate sensitivity tables are based on conservative deposit assumptions: 70% beta on all IB deposit and sweep balances No modeled re-pricing lag on deposits Utilizes forecasted balance sheet with incremental DDA runoff assumed 1 Effective duration of the taxable available for sale portfolio; 2Re-pricing percentage or “beta” is the estimated change in yield over 12 months as a result of a shock or ramp 100 bps parallel shift in the yield curve Note: data as of 9/30/18 including all swaps and floors executed prior to 10/23/2018; actual results may vary from these simulated results due to differences between forecasted and actual balance sheet composition, timing, magnitude, and frequency of interest rate changes, as well as other changes in market conditions and management strategies.

Mortgage banking results $ millions Mortgage banking net revenue $ billions Mortgage originations and gain-on-sale margin1 1Gain-on-sale margin represents gains on all loans originated for sale $1.9B in originations, down 12% compared to the year-ago quarter and prior quarter; 76% purchase volume 3Q18 mortgage banking drivers: Origination fees and gain on sale revenue down $3MM sequentially Gain on sale margin down 3 bps sequentially $1MM securities loss compared to $4MM loss in the prior quarter (not included in mortgage banking) Acquired $3BN servicing portfolio in 3Q18 to be on-boarded in 4Q18 (~$17BN UPB added since 2Q17) Originations HFS Originations HFI Margin Origination fees and gains on loan sale Gross servicing fees Net MSR valuation

NPL rollforward1 1Loan balances exclude nonaccrual loans HFS Commercial $ millions Consumer $ millions Total NPL $ millions

Balance and credit loss trends1 Commercial & industrial Residential mortgage Commercial mortgage Commercial construction Home equity Automobile Average Portfolio Balance NCOs as a % of average portfolio loans 1All balances are in billions

Regulation G non-GAAP reconciliation See pages 25-27 of the earnings release for a discussion on the use of non-GAAP financial measures 1Pre-tax items: for 3Q18, 2Q18, and 1Q18 assume a 21% tax rate, for 4Q17 and prior periods assume a 35% tax rate

Regulation G non-GAAP reconciliation See pages 25-27 of the earnings release for a discussion on the use of non-GAAP financial measures