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Form 8-K FIFTH THIRD BANCORP For: Jan 21

January 21, 2015 6:30 AM

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): January�21, 2015

LOGO

(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))


Item�2.02 Results of Operations and Financial Condition

On January�21, 2015, Fifth Third Bancorp issued a press release and its quarterly and annual financial supplements announcing its earnings release for the fourth quarter of 2014. A copy of this press release and its quarterly and annual financial supplements are attached as Exhibits 99.1, 99.3, and 99.4, respectively. 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 Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item�7.01 Regulation FD Disclosure

On January�21, 2015, Fifth Third Bancorp issued a press release and its quarterly and annual financial supplements announcing its earnings release for the fourth quarter of 2014. A copy of this press release and its quarterly and annual financial supplements are attached as Exhibits 99.1, 99.3, and 99.4, respectively. 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 Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

For the benefit of its investors, Fifth Third Bancorp is furnishing information regarding its earnings conference call. A copy of this item is attached as Exhibit 99.2. The information in this Form 8-K and Exhibit attached hereto shall not be deemed filed for purposes of Section�18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under 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 January�21, 2015

Exhibit 99.2 � Fourth Quarter Earnings Conference Call

Exhibit 99.3 � Quarterly Financial Supplement

Exhibit 99.4 � Annual Financial Supplement


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)
January�21, 2015 /s/ Tayfun Tuzun
Tayfun Tuzun
Executive Vice President and Chief Financial Officer

Exhibit 99.1

LOGO
�� �� News Release
CONTACTS: �� Jim Eglseder (Investors) �� FOR IMMEDIATE RELEASE
�� (513) 534-8424 �� January�21, 2015
�� Laura Wehby (Investors) ��
�� (513) 534-7407 ��
�� Larry Magnesen (Media) ��
�� (513) 534-8055 ��

FIFTH THIRD ANNOUNCES FOURTH QUARTER EARNINGS PER DILUTED SHARE OF $0.43

2014 EARNINGS PER DILUTED SHARE OF $1.66

4Q14 net income available to common shareholders of $362 million, or $0.43 per diluted common share

Includes a $56 million pre-tax (~$37 million after-tax, or $0.04 per share) positive valuation adjustment on the warrant Fifth Third holds in Vantiv, $23 million pre-tax (~$15 million after-tax, or $0.02 per share) of provision expense related to the transfer of residential mortgage loans classified as troubled debt restructurings to held-for-sale, and a $19 million pre-tax (~$13 million after-tax, or $0.02 per share) charge related to the valuation of Visa total return swap

4Q14 return on average assets (ROA) of 1.13%; return on average common equity of 10.0%; return on average tangible common equity** of 12.1%

Pre-provision net revenue (PPNR)** of $618 million in 4Q14

Net interest income (FTE) of $888 million, down 2% sequentially and down 2% from 4Q13; net interest margin of 2.96%, down 14 basis points sequentially

Average portfolio loans of $91.0 billion, up $242 million sequentially and $3.1 billion from 4Q13

Noninterest income of $653 million compared with $520 million in the prior quarter; impacted by valuations on the Vantiv warrant and the valuation of the Visa total return swap during both quarters and the annual payment received from Vantiv pursuant to the tax receivable agreement in the fourth quarter

Noninterest expense of $918 million compared with $888 million in the prior quarter primarily driven by higher compensation-related expenses and credit-related costs

Credit trends

4Q14 net charge-offs of $191 million (0.83% of loans and leases) included $87 million of charge-offs related to the transfer of residential mortgage loans classified as troubled debt restructurings to held-for-sale; 3Q14 NCOs of $115 million (0.50% of loans and leases) and 4Q13 NCOs of $148 million (0.67% of loans and leases)

4Q14 provision expense of $99 million included $23 million impact related to the aforementioned transfer of loans to held-for-sale; $71 million in 3Q14 and $53 million in 4Q13

Allowance for loan and lease losses decreased $92 million sequentially ($64 million reduction related to aforementioned transfer of loans to held-for-sale); allowance to loan ratio of 1.47%

Total nonperforming assets (NPAs) of $783 million, including loans held-for-sale (HFS), declined $20 million sequentially; portfolio NPA ratio of 0.82% down 6 bps from 3Q14, NPL ratio of 0.64% down 4 bps from 3Q14; 2 bps improvement due to aforementioned transfer of loans to held-for-sale

Strong capital ratios*

Tier 1 common ratio** 9.65%, vs. 9.64% in 3Q14 (Basel III pro forma estimate of ~9.4%)

Tier 1 risk-based capital ratio 10.83%, Total risk-based capital ratio 14.33%, Leverage ratio 9.66%

Tangible common equity ratio** of 8.71%; 8.43% excluding securities portfolio unrealized gains/losses

Book value per share of $17.35; tangible book value per share** of $14.40; up 3% from 3Q14 and up 11% from 4Q13

Repurchased 10�million common shares in 4Q14; incremental impact from 3Q14 and 4Q14 transactions reduced average diluted share count by 11�million in 4Q14

* Capital ratios estimated; presented under current U.S. capital regulations. The pro forma Basel III Tier I common equity ratio is management�s estimate based upon its current interpretation of the Basel III Final Rule approved in July 2013. See �Capital Position� section for more information.
** Non-GAAP measure; see Reg. G reconciliation on page 33.


Fifth Third Bancorp (Nasdaq: FITB) today reported full year 2014 net income of $1.5 billion, down 19 percent from net income of $1.8 billion in 2013. After preferred dividends, 2014 net income available to common shareholders was $1.4 billion, or $1.66 per diluted share, down 21 percent compared with 2013 net income available to common shareholders of $1.8 billion, or $2.02 per diluted share.

Fourth quarter 2014 net income was $385 million, an increase of 13 percent from net income of $340 million in the third quarter of 2014 and a decrease of 4 percent from net income of $402 million in the fourth quarter of 2013. After preferred dividends, net income available to common shareholders was $362 million, or $0.43 per diluted share, in the fourth quarter 2014, compared with $328 million, or $0.39 per diluted share, in the third quarter 2014, and $383 million, or $0.43 per diluted share, in the fourth quarter of 2013.

Fourth quarter 2014 included:

Income

$56 million positive valuation adjustment on the Vantiv warrant

$23 million annual payment received from Vantiv pursuant to tax receivable agreement

($19 million) charge related to the valuation of the total return swap entered into as part of the 2009 sale of Visa, Inc. Class B shares

Expenses

($6 million) in severance expense

$3 million reversal of litigation reserves

Results also included $23 million of provision expense related to the transfer of residential mortgage loans classified as troubled debt restructurings to held-for-sale. Additionally, results included an immaterial amount in mortgage repurchase provision.

Third quarter 2014 included:

Income

($53 million) negative valuation adjustment on the Vantiv warrant

($3 million) charge related to the valuation of the total return swap entered into as part of the 2009 sale of Visa, Inc. Class B shares

Expenses

($4 million) in litigation reserve charges

($2 million) in severance expense

Results also included the impact of $3 million in mortgage repurchase provision.

Fourth quarter 2013 included:

Income

$91 million positive valuation adjustment on the Vantiv warrant

($18 million) charge related to the valuation of the total return swap entered into as part of the 2009 sale of Visa, Inc. Class B shares

$9 million annual payment received from Vantiv pursuant to tax receivable agreement

Expenses

($69 million) in net charges to increase litigation reserves

($8 million) of debt extinguishment costs associated with the redemption of Fifth Third Capital Trust IV trust preferred securities (TruPS)

($8 million) contribution to Fifth Third Foundation

($8 million) in severance expense

Results also included a benefit to the mortgage repurchase provision of $28 million primarily related to Fifth Third�s settlement with Freddie Mac and corresponding expectations for future repurchase requests and file claims.

2


Earnings Highlights

�� For the Three Months Ended %�Change
�� December
2014
September
2014
June
2014
March
2014
December
2013
Seq Yr/Yr

Earnings ($ in millions)

��

Net income attributable to Bancorp

�� $ 385 �� $ 340 �� $ 439 �� $ 318 �� $ 402 �� 13 %� (4 %)�

Net income available to common shareholders

�� $ 362 �� $ 328 �� $ 416 �� $ 309 �� $ 383 �� 10 %� (6 %)�

Common Share Data

��

Earnings per share, basic

�� 0.44 0.39 0.49 0.36 0.44 13 %� ��� ��

Earnings per share, diluted

�� 0.43 0.39 0.49 0.36 0.43 10 %� ��� ��

Cash dividends per common share

�� 0.13 0.13 0.13 0.12 0.12 ��� �� 8 %�

Financial Ratios

��

Return on average assets

�� 1.13 %� 1.02 %� 1.34 %� 1.00 %� 1.24 %� 10 %� (10 %)�

Return on average common equity

�� 10.0 9.2 11.9 9.0 10.8 9 %� (7 %)�

Return on average tangible common equity(b)

�� 12.1 11.1 14.4 11.0 13.1 9 %� (8 %)�

Tier I risk-based capital

�� 10.83 10.83 10.80 10.45 10.43 ��� �� 4 %�

Tier I common equity(b)

�� 9.65 9.64 9.61 9.51 9.45 ��� �� 2 %�

Net interest margin(a)

�� 2.96 3.10 3.15 3.22 3.21 (5 %)� (8 %)�

Efficiency(a)

�� 59.6 62.1 58.2 64.9 61.5 (4 %)� (3 %)�

Common shares outstanding (in thousands)

�� 824,047 834,262 844,489 847,569 855,306 (1 %)� (4 %)�

Average common shares outstanding (in thousands):

��

Basic

�� 819,057 829,392 838,492 845,860 868,077 (1 %)� (6 %)�

Diluted

�� 827,831 838,324 848,245 857,924 877,511 (1 %)� (6 %)�

(a) Presented on a fully taxable equivalent basis.
(b) The tangible common equity and tier 1 common equity ratios, while not required by accounting principles generally accepted in the United States of America (U.S. GAAP), are considered to be critical metrics with which to analyze banks. The ratios have been included herein to facilitate a greater understanding of the Bancorp�s capital structure and financial condition. See the Regulation G Non-GAAP Reconciliation table for a reconciliation of these ratios to U.S. GAAP.

The percentages in all of the tables in this earning release are calculated on actual dollar amounts and not the rounded dollar amounts.

NM: Not meaningful.

�Fifth Third reported full year net income available to common shareholders of $1.4 billion and earnings per diluted share were $1.66. Full year 2014 earnings included solid performance across our business lines highlighted by growth in corporate banking, payments processing, and investment advisory revenue,� said Kevin T. Kabat, Vice Chairman and CEO of Fifth Third Bancorp. �Highlights for the year also included 7 percent growth in demand deposits and well-controlled expenses that were down 6 percent. Return on average assets was 1.1 percent and return on average tangible common equity* was 12.2 percent.

�Fourth quarter earnings of $385 million rounded out a solid year in a very tough operating environment. Average total deposits were up 3 percent sequentially, highlighted by 5 percent average demand deposit growth. Fee income comparisons were led by corporate banking which increased 20 percent sequentially, led by strong results in capital markets fees to close out the year. We continue to make what we believe to be long-term value enhancing decisions when we deploy our shareholders� equity and maintain our focus on earnings growth as we anticipate a healthier economy in 2015.

* Non-GAAP measure; see Reg. G reconciliation on page 33.

3


�Full year net charge-offs were impacted by our decision to move $720 million of residential mortgage TDRs to held-for-sale, as we look to take advantage of market conditions to reduce our TDR portfolio. This decision increased our charge-offs by $87 million. The intended transaction is in line with our previous statements about our view of the current pricing for risk assets and is another indication of our strong focus to reduce the volatility of our future earnings. Otherwise in credit, nonperforming assets were down 24�percent from last year and remain at very low levels. Our credit metrics are moving in the right direction and provide further support to our positive credit outlook.

�We continued to prudently and actively manage our capital position, reducing our share count by another 4 percent in 2014. Fifth Third performed very well in 2014, and we made a number of decisions throughout the year to reduce risk and volatility of earnings, and we feel the Company is well positioned as we enter 2015.�

Income Statement Highlights

�� For the Three Months Ended �� % Change
�� December
2014
�� September
2014
�� June
2014
�� March
2014
�� December
2013
�� Seq Yr/Yr

Condensed Statements of Income ($ in millions)

�� �� �� �� �� ��

Net interest income (taxable equivalent)

�� $ 888 �� �� $ 908 �� �� $ 905 �� �� $ 898 �� �� $ 905 �� �� (2 %)� (2 %)�

Provision for loan and lease losses

�� 99 �� 71 �� 76 �� 69 �� 53 �� 40 %� 87 %�

Total noninterest income

�� 653 �� 520 �� 736 �� 564 �� 703 �� 26 %� (7 %)�

Total noninterest expense

�� 918 �� 888 �� 954 �� 950 �� 989 �� 3 %� (7 %)�
��

��

��

��

��

��

Income before income taxes (taxable equivalent)

�� 524 �� 469 �� 611 �� 443 �� 566 �� 12 %� (8 %)�
��

��

��

��

��

��

Taxable equivalent adjustment

�� 5 �� 5 �� 5 �� 5 �� 5 �� (4 %)� (1 %)�

Applicable income taxes

�� 134 �� 124 �� 167 �� 119 �� 159 �� 8 %� (16 %)�
��

��

��

��

��

��

Net income

�� 385 �� 340 �� 439 �� 319 �� 402 �� 13 %� (4 %)�

Less: Net income attributable to noncontrolling interests

�� ��� �� ��� �� ��� �� 1 �� ��� �� (70 %)� NM ��
��

��

��

��

��

��

Net income attributable to Bancorp

�� 385 �� 340 �� 439 �� 318 �� 402 �� 13 %� (4 %)�

Dividends on preferred stock

�� 23 �� 12 �� 23 �� 9 �� 19 �� 87 %� 19 %�
��

��

��

��

��

��

Net income available to common shareholders

�� 362 �� 328 �� 416 �� 309 �� 383 �� 10 %� (6 %)�
��

��

��

��

��

��

Earnings per share, diluted

�� $ 0.43 �� $ 0.39 �� $ 0.49 �� $ 0.36 �� $ 0.43 �� 10 %� ��� ��

4


Net Interest Income

�� For the Three Months Ended %�Change
�� December
2014
September
2014
June
2014
March
2014
December
2013
Seq Yr/Yr

Interest Income ($ in millions)

��

Total interest income (taxable equivalent)

�� $ 1,016 �� $ 1,023 �� $ 1,013 �� $ 998 �� $ 1,007 �� (1 %)� 1 %�

Total interest expense

�� 128 115 108 100 102 11 %� 25 %�
��

Net interest income (taxable equivalent)

�� $ 888 �� $ 908 �� $ 905 �� $ 898 �� $ 905 �� (2 %)� (2 %)�
��

Average Yield

��

Yield on interest-earning assets (taxable equivalent)

�� 3.38 %� 3.49 %� 3.53 %� 3.58 %� 3.57 %� (3 %)� (5 %)�

Rate paid on interest-bearing liabilities

�� 0.61 %� 0.56 %� 0.54 %� 0.51 %� 0.52 %� 9 %� 17 %�
��

Net interest rate spread (taxable equivalent)

�� 2.77 %� 2.93 %� 2.99 %� 3.07 %� 3.05 %� (5 %)� (9 %)�
��

Net interest margin (taxable equivalent)

�� 2.96 %� 3.10 %� 3.15 %� 3.22 %� 3.21 %� (5 %)� (8 %)�

Average Balances ($ in millions)

��

Loans and leases, including held for sale

�� $ 91,581 �� $ 91,428 �� $ 91,241 �� $ 90,238 �� $ 88,865 �� ��� �� 3 %�

Total securities and other short-term investments

�� 27,604 24,927 23,940 22,940 23,043 11 %� 20 %�

Total interest-earning assets

�� 119,185 116,355 115,181 113,178 111,908 2 %� 7 %�

Total interest-bearing liabilities

�� 82,544 81,157 80,770 79,130 77,573 2 %� 6 %�

Bancorp shareholders� equity

�� 15,644 15,486 15,157 14,862 14,757 1 %� 6 %�

Net interest income of $888 million on a fully taxable equivalent basis decreased $20 million from the third quarter primarily driven by the effects of loan repricing and higher interest expense associated with the debt issuance in the third quarter of 2014 and partially offset by the benefit of loan growth. Additionally, net interest income was negatively impacted by lower average investment securities balances and higher deposit costs in the quarter.

The net interest margin was 2.96 percent, a decrease of 14 bps from the previous quarter primarily resulting from elevated cash balances due to growth in funding balances. Additionally, the net interest margin was negatively impacted by debt issuances and loan repricing during the quarter.

Compared with the fourth quarter of 2013, net interest income decreased $17 million and the net interest margin decreased 25 bps. The decrease in net interest income was driven by the effect of loan repricing and higher interest expense resulting from increased long-term debt balances partially offset by higher investment securities balances and loan balances. The decline in the net interest margin was primarily driven by the impact of loan repricing.

Securities

Average securities and other short-term investments were $27.6 billion in the fourth quarter of 2014 compared with $24.9 billion in the previous quarter and $23.0 billion in the fourth quarter of 2013. Average securities of $22.4 billion decreased $216 million from the prior quarter reflecting the decision to not reinvest portfolio cash flows. Other short-term investments average balances of $5.2 billion increased $2.9 billion sequentially while end of period balances increased $4.3 billion reflecting higher cash balances held at the Federal Reserve.

5


Loans

�� For the Three Months Ended �� % Change
�� December
2014
�� September
2014
�� June
2014
�� March
2014
�� December
2013
�� Seq Yr/Yr

Average Portfolio Loans and Leases ($ in millions)

�� �� �� �� �� ��

Commercial:

�� �� �� �� �� ��

Commercial and industrial loans

�� $ 41,277 �� �� $ 41,477 �� �� $ 41,374 �� �� $ 40,377 �� �� $ 38,835 �� �� ��� �� 6 %�

Commercial mortgage loans

�� 7,480 �� 7,633 �� 7,885 �� 7,981 �� 8,047 �� (2 %)� (7 %)�

Commercial construction loans

�� 1,909 �� 1,563 �� 1,362 �� 1,116 �� 952 �� 22 %� NM ��

Commercial leases

�� 3,600 �� 3,571 �� 3,555 �� 3,607 �� 3,578 �� 1 %� 1 %�
��

��

��

��

��

��

Subtotal�commercial loans and leases

�� 54,266 �� 54,244 �� 54,176 �� 53,081 �� 51,412 �� ��� �� 6 %�
��

��

��

��

��

��

Consumer:

�� �� �� �� �� ��

Residential mortgage loans

�� 13,046 �� 12,785 �� 12,611 �� 12,659 �� 12,609 �� 2 %� 3 %�

Home equity

�� 8,937 �� 9,009 �� 9,101 �� 9,194 �� 9,296 �� (1 %)� (4 %)�

Automobile loans

�� 12,073 �� 12,105 �� 12,070 �� 12,023 �� 12,019 �� ��� �� ��� ��

Credit card

�� 2,324 �� 2,295 �� 2,232 �� 2,230 �� 2,202 �� 1 %� 6 %�

Other consumer loans and leases

�� 395 �� 361 �� 359 �� 343 �� 357 �� 9 %� 11 %�
��

��

��

��

��

��

Subtotal�consumer loans and leases

�� 36,775 �� 36,555 �� 36,373 �� 36,449 �� 36,483 �� 1 %� 1 %�
��

��

��

��

��

��

Total average loans and leases (excluding held for sale)

�� $ 91,041 �� �� $ 90,799 �� �� $ 90,549 �� �� $ 89,530 �� �� $ 87,895 �� �� ��� �� 4 %�

Average loans held for sale

�� 540 �� 629 �� 692 �� 708 �� 970 �� (14 %)� (44 %)�

Average loan and lease balances (excluding loans held-for-sale) increased $242 million sequentially and increased $3.1 billion, or 4�percent, from the fourth quarter of 2013. The sequential increase in average loans and leases was primarily driven by growth in commercial construction and residential mortgage loans. Sequential growth was partially offset by declines in commercial and industrial (C&I), commercial mortgage, and home equity loans. Period end loans and leases (excluding loans held-for-sale) of $90.1�billion decreased $540 million sequentially, reflecting the impact of $720 million residential mortgage loans classified as troubled debt restructurings transferred to held-for-sale during the quarter, and increased $1.5 billion, or 2 percent, from a year ago.

Average commercial portfolio loan and lease balances were flat sequentially and increased $2.9 billion, or 6 percent, from the fourth quarter of 2013. Average C&I loans decreased $200 million from the prior quarter and increased $2.4 billion from the fourth quarter of 2013. Within commercial real estate, average commercial mortgage balances continued to decline and average commercial construction balances increased for the eighth consecutive quarter. Commercial line usage, on an end of period basis, was 32 percent of committed lines in the fourth quarter of 2014 compared with 32 percent in the third quarter of 2014 and 29 percent in the fourth quarter of 2013.

Average consumer portfolio loan and lease balances increased $220 million, or 1 percent, sequentially and increased $292 million, or 1 percent, year-over-year. Average residential mortgage loans increased 2 percent sequentially and 3 percent from a year ago. Average home equity loans declined 1 percent sequentially and 4 percent from the fourth quarter of 2013. Average credit card loans increased 1 percent sequentially and 6 percent from the fourth quarter of 2013.

6


Average loans held-for-sale balances of $540 million decreased $89 million sequentially and $430 million compared with the fourth quarter of 2013. Period end loans held-for-sale of $1.3 billion increased $620 million from the previous quarter and $317 million from the fourth quarter of 2013 primarily due to the transfer of certain residential mortgage loans classified as troubled debt restructurings to held-for-sale.

Deposits

�� For the Three Months Ended �� % Change
�� December
2014
�� September
2014
�� June
2014
�� March
2014
�� December
2013
�� Seq Yr/Yr

Average Deposits ($ in millions)

��

�� �� �� ��

Demand

�� $ 33,301 �� �� $ 31,790 �� �� $ 31,275 �� �� $ 30,626 �� �� $ 30,765 �� �� 5 %� 8 %�

Interest checking

�� 25,478 �� 24,926 �� 25,222 �� 25,911 �� 24,650 �� 2 %� 3 %�

Savings

�� 15,173 �� 15,759 �� 16,509 �� 16,903 �� 17,323 �� (4 %)� (12 %)�

Money market

�� 17,023 �� 15,222 �� 13,942 �� 12,439 �� 11,285 �� 12 %� 51 %�

Foreign office(a)

�� 1,439 �� 1,663 �� 2,200 �� 2,017 �� 1,717 �� (13 %)� (16 %)�
��

��

��

��

��

��

Subtotal�Transaction deposits

�� 92,414 �� 89,360 �� 89,148 �� 87,896 �� 85,740 �� 3 %� 8 %�

Other time

�� 3,936 �� 3,800 �� 3,693 �� 3,616 �� 3,529 �� 4 %� 12 %�
��

��

��

��

��

��

Subtotal�Core deposits

�� 96,350 �� 93,160 �� 92,841 �� 91,512 �� 89,269 �� 3 %� 8 %�

Certificates�$100,000 and over

�� 2,998 �� 3,339 �� 3,840 �� 5,576 �� 7,456 �� (10 %)� (60 %)�

Other

�� ��� �� ��� �� ��� �� ��� �� ��� �� NM �� NM ��
��

��

��

��

��

��

Total deposits

�� $ 99,348 �� �� $ 96,499 �� �� $ 96,681 �� �� $ 97,088 �� �� $ 96,725 �� �� 3 %� 3 %�

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

Average core deposits increased $3.2 billion sequentially and increased $7.1 billion, or 8 percent, from the fourth quarter of 2013. Average transaction deposits increased $3.1 billion from the third quarter of 2014 primarily driven by higher money market account, demand deposit, and interest checking balances, partially offset by lower savings and foreign office balances. Year-over-year transaction deposits increased $6.7 billion, or 8 percent, driven by higher money market account, demand deposit, and interest checking balances, partially offset by lower savings and foreign office balances. Other time deposits increased 4 percent sequentially and 12 percent compared with the fourth quarter of 2013.

Average commercial transaction deposits increased 5 percent sequentially and 10 percent from the previous year. Sequential performance reflected higher demand deposit, money market account, and interest checking balances, partially offset by lower foreign office balances. Year-over-year growth reflected higher demand deposit, interest checking, and money market account balances as customers are holding higher balances.

Average consumer transaction deposits increased 2 percent sequentially and increased 6 percent from the fourth quarter of 2013. The sequential performance reflected higher money market account, interest checking, and demand deposit balances partially offset by lower savings balances. Year-over-year growth was driven by increased money market account and demand deposit balances partially offset by lower savings and interest checking balances.

7


Wholesale Funding

�� For the Three Months Ended �� % Change
�� December
2014
�� September
2014
�� June
2014
�� March
2014
�� December
2013
�� Seq Yr/Yr

Average Wholesale Funding ($ in millions)

�� �� �� �� �� ��

Certificates�$100,000 and over

�� $ 2,998 �� �� $ 3,339 �� �� $ 3,840 �� �� $ 5,576 �� �� $ 7,456 �� �� (10 %)� (60 %)�

Other deposits

�� ��� �� ��� �� ��� �� ��� �� ��� �� NM �� NM ��

Federal funds purchased

�� 161 �� 520 �� 606 �� 547 �� 301 �� (69 %)� (47 %)�

Other short-term borrowings

�� 1,481 �� 1,973 �� 2,234 �� 1,808 �� 2,177 �� (25 %)� (32 %)�

Long-term debt

�� 14,855 �� 13,955 �� 12,524 �� 10,313 �� 9,135 �� 6 %� 63 %�
��

��

��

��

��

��

Total wholesale funding

�� $ 19,495 �� �� $ 19,787 �� �� $ 19,204 �� �� $ 18,244 �� �� $ 19,069 �� �� (1 %)� 2 %�

Average wholesale funding of $19.5 billion decreased $292 million, or 1 percent, sequentially and increased $426 million, or 2 percent, compared with the fourth quarter of 2013. The sequential decrease was driven by a decrease in other short-term borrowings, federal funds purchased, and certificates $100,000 and over, partially offset by an increase in long-term debt. Average other short-term borrowings decreased $492 million from the prior quarter primarily due to a decrease in FHLB borrowings. The year-over-year increase in average wholesale funding reflected an increase in long-term debt, partially offset by a decrease in certificates $100,000 and over and other short-term borrowings. Average long-term debt balances reflected the $1.0 billion on-balance sheet auto securitization executed in the fourth quarter of 2014, as well as the full quarter impact of $850 million of bank senior debt issued in the third quarter of 2014.

Noninterest Income

�� For the Three Months Ended �� % Change
�� December
2014
�� September
2014
�� June
2014
�� March
2014
�� December
2013
�� Seq Yr/Yr

Noninterest Income ($ in millions)

�� �� �� �� �� ��

Service charges on deposits

�� $ 142 �� $ 145 �� $ 139 �� $ 133 �� $ 142 �� (2 %)� ��� ��

Corporate banking revenue

�� 120 �� 100 �� 107 �� 104 �� 94 �� 20 %� 27 %�

Mortgage banking net revenue

�� 61 �� 61 �� 78 �� 109 �� 126 �� ��� �� (51 %)�

Investment advisory revenue

�� 100 �� 103 �� 102 �� 102 �� 98 �� (2 %)� 2 %�

Card and processing revenue

�� 76 �� 75 �� 76 �� 68 �� 71 �� 2 %� 7 %�

Other noninterest income

�� 150 �� 33 �� 226 �� 41 �� 170 �� NM �� (13 %)�

Securities gains, net

�� 4 �� 3 �� 8 �� 7 �� 2 �� 15 %� NM ��

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

�� ��� �� ��� �� ��� �� ��� �� ��� �� ��� �� ��� ��
��

��

��

��

��

��

Total noninterest income

�� $ 653 �� $ 520 �� $ 736 �� $ 564 �� $ 703 �� 26 %� (7 %)�

Noninterest income of $653 million increased $133 million sequentially and decreased $50 million compared with prior year results. These comparisons reflect the impacts described below.

For the quarters ending December�31, 2014,�September�30, 2014, and December�31, 2013, the impacts of Vantiv warrant valuation adjustments were positive $56 million, negative $53 million, and positive $91 million, respectively. Quarterly results also included charges related to the valuation of the total return swap entered into as part of the 2009 sale of Visa, Inc. Class B shares. Valuation adjustments on this swap were a negative $19 million, negative $3 million, and negative $18 million in the fourth quarter of 2014, the third quarter of 2014, and the fourth quarter of 2013, respectively. Excluding these items and net securities gains in all periods, noninterest income of $612 million increased $39 million, or 7 percent,

8


from the previous quarter and decreased $16 million, or 3 percent, from the fourth quarter of 2013. The sequential increase was primarily due to the $23 million annual payment received from Vantiv pursuant to the tax receivable agreement in the fourth quarter of 2014 and an increase in corporate banking revenue. The year-over-year decline was primarily due to lower mortgage banking net revenue partially offset by higher corporate banking revenue and higher payments received from Vantiv pursuant to the tax receivable agreement in the fourth quarter of 2014 compared to the fourth quarter of 2013, which were $23 million and $9 million, respectively.

Service charges on deposits of $142 million decreased 2 percent from the third quarter and were flat compared with the same quarter last year. The sequential decline was due to a 2 percent decrease in commercial service charges as well as a 2 percent decrease in retail service charges due to lower overdraft occurrences.

Corporate banking revenue of $120 million increased 20 percent from the third quarter of 2014 and 27 percent from the fourth quarter of 2013. The sequential increase was due to higher syndication fees, business lending fees, and foreign exchange fees, partially offset by a decrease in institutional sales revenue. The year-over-year increase was driven by higher syndication fees, lease remarketing fees, letter of credit fees, and foreign exchange fees, partially offset by a decrease in institutional sales revenue.

Mortgage banking net revenue was $61 million in the fourth quarter of 2014, flat from the third quarter of 2014 and a 51 percent decrease from the fourth quarter of 2013. Fourth quarter 2014 originations were $1.7 billion, compared with $2.1 billion in the previous quarter and $2.6 billion in the fourth quarter of 2013. Fourth quarter 2014 originations resulted in gains of $36 million on mortgages sold, compared with gains of $34 million during the previous quarter and $60 million during the fourth quarter of 2013. The sequential increase was driven by higher gain on sale margins, partially offset by lower production. The decrease from the prior year reflected lower production, including Fifth Third�s exit from the broker channel, partially offset by higher gain on sale margins. Mortgage servicing fees were $60 million this quarter, $61 million in the third quarter of 2014, and $64 million in the fourth quarter of 2013. Mortgage banking net revenue is also affected by net servicing asset valuation adjustments, which include mortgage servicing rights (MSR) amortization and MSR valuation adjustments (including mark-to-market adjustments on free-standing derivatives used to economically hedge the MSR portfolio). These net servicing asset valuation adjustments were negative $34�million in the fourth quarter of 2014 (reflecting MSR amortization of $32 million and MSR valuation adjustments of negative $2�million); negative $34 million in the third quarter of 2014 (MSR amortization of $33 million and MSR valuation adjustments of negative $1 million); and positive $3 million in the fourth quarter of 2013 (MSR amortization of $23 million and MSR valuation adjustments of positive $26 million). The mortgage servicing asset, net of the valuation reserve, was $856 million at quarter-end on a servicing portfolio of $65 billion.

Investment advisory revenue of $100 million decreased 2 percent from the third quarter and increased 2 percent year-over-year. The sequential decline reflected a decrease in personal specialty and insurance fees relative to elevated levels in the third quarter, as well as a decrease in securities and brokerage fees due to a continued shift from transaction-based fees to recurring revenue streams. The year-over-year increase reflected an increase in personal asset management fees due to market-related growth, partially offset by a decrease in securities and brokerage fees.

9


Card and processing revenue of $76 million in the fourth quarter of 2014 increased 2 percent sequentially and increased 7 percent from the fourth quarter of 2013. The sequential and year-over-year increases reflect an increase in the number of actively used cards and an increase in customer spend volume.

Other noninterest income totaled $150 million in the fourth quarter of 2014, compared with $33 million in the previous quarter and $170 million in the fourth quarter of 2013. As previously described, the results included the impact of Vantiv warrant valuation adjustments and charges related to the valuation of the Visa total return swap. Excluding these items, other noninterest income of $113 million increased approximately $24 million, or 27 percent, from the third quarter of 2014 and increased approximately $16 million, or 16 percent, from the fourth quarter of 2013. The sequential and year-over-year increases were primarily due to payments received from Vantiv pursuant to the tax receivable agreement of $23 million in the fourth quarter of 2014 and $9 million in the fourth quarter of 2013.

Net gains on investment securities were $4 million in the fourth quarter of 2014, compared with $3 million in the previous quarter and $2 million in the fourth quarter of 2013.

Noninterest Expense

�� For the Three Months Ended �� % Change
�� December
2014
�� September
2014
�� June
2014
�� March
2014
�� December
2013
�� Seq Yr/Yr

Noninterest Expense ($ in millions)

�� �� �� �� �� ��

Salaries, wages and incentives

�� $ 366 �� �� $ 357 �� �� $ 368 �� �� $ 359 �� �� $ 388 �� �� 3 %� (6 %)�

Employee benefits

�� 79 �� 75 �� 79 �� 101 �� 78 �� 5 %� 1 %�

Net occupancy expense

�� 77 �� 78 �� 79 �� 80 �� 77 �� (1 %)� ��� ��

Technology and communications

�� 54 �� 53 �� 52 �� 53 �� 53 �� 2 %� 2 %�

Equipment expense

�� 30 �� 30 �� 30 �� 30 �� 29 �� ��� �� 3 %�

Card and processing expense

�� 36 �� 37 �� 37 �� 31 �� 37 �� (1 %)� (2 %)�

Other noninterest expense

�� 276 �� 258 �� 309 �� 296 �� 327 �� 7 %� (16 %)�
��

��

��

��

��

��

Total noninterest expense

�� $ 918 �� �� $ 888 �� �� $ 954 �� �� $ 950 �� �� $ 989 �� �� 3 %� (7 %)�

Noninterest expense of $918 million increased 3 percent compared with the third quarter of 2014 and decreased 7 percent compared with the fourth quarter of 2013.

Fourth quarter 2014 expenses included a $3 million reversal of litigation reserves, compared with $4 million in charges to litigation reserves in the third quarter of 2014 and $69 million in charges to litigation reserves in the fourth quarter of 2013. Fourth quarter 2014 expenses also included $6 million in severance expense compared with $2 million in the third quarter of 2014 and $8 million in the fourth quarter of 2013. Fourth quarter of 2013 also included $8 million of debt extinguishment costs associated with the redemption of Fifth Third Capital Trust IV and an $8 million contribution to Fifth Third Foundation. Excluding these items, noninterest expense of $915 million was up $33 million, or 4 percent, sequentially and increased $19 million, or 2 percent, year-over-year. The sequential increase reflected higher credit-related costs and compensation-related expense. The year-over-year increase reflected increased credit-related costs, partially offset by lower compensation-related expense, primarily due to changes in our mortgage and retail staffing.

10


Credit costs related to problem assets recorded as noninterest expense totaled $33 million in the fourth quarter of 2014, compared with $13 million in the third quarter of 2014, and a benefit of $12 million in the fourth quarter of 2013. Credit- related expenses included provision for mortgage repurchases that was an immaterial amount in the fourth quarter of 2014, compared with expense of $3 million in the third quarter of 2014. The fourth quarter of 2013 included a benefit of $26 million reflecting the reduction in the mortgage representation and warranty reserve primarily related to Fifth Third�s settlement with Freddie Mac and corresponding expectations for future repurchase requests and file claims. (Realized mortgage repurchase losses were $2 million in the fourth quarter of 2014, compared with $3 million in the third quarter of 2014, and $33 million in the fourth quarter of 2013.) Provision for unfunded commitments was an expense of $1 million in the current quarter, compared with a benefit of $8 million last quarter and a benefit of $5 million a year ago. Derivative valuation adjustments related to customer credit risk were negative $10 million for the current quarter, positive $1 million in the third quarter, and positive $2 million for the year ago quarter. Other problem asset-related expenses were $17 million in the fourth quarter, compared with $15 million in the previous quarter, and $17 million in the same period last year.

Credit Quality

�� For the Three Months Ended
�� December
2014
September
2014
June
2014
March
2014
December
2013

Total net losses charged off ($ in millions)

��

Commercial and industrial loans

�� ($ 44 )� ($ 50 )� ($ 31 )� ($ 97 )� ($ 66 )�

Commercial mortgage loans

�� (10 )� (5 )� (9 )� (3 )� (8 )�

Commercial construction loans

�� ��� ��� (8 )� (5 )� (4 )�

Commercial leases

�� (1 )� ��� ��� ��� ���

Residential mortgage loans

�� (94 )� (9 )� (8 )� (15 )� (13 )�

Home equity

�� (11 )� (14 )� (18 )� (16 )� (26 )�

Automobile loans

�� (7 )� (7 )� (5 )� (8 )� (6 )�

Credit card

�� (20 )� (23 )� (21 )� (19 )� (21 )�

Other consumer loans and leases

�� (4 )� (7 )� (1 )� (5 )� (4 )�
��

Total net losses charged off

�� (191 )� (115 )� (101 )� (168 )� (148 )�

Total losses

�� (215 )� (146 )� (127 )� (190 )� (183 )�

Total recoveries

�� 24 31 26 22 35
��

Total net losses charged off

�� ($ 191 )� ($ 115 )� ($ 101 )� ($ 168 )� ($ 148 )�

Ratios (annualized)

��

Net losses charged off as a percent of average loans and leases (excluding held for sale)

�� 0.83 %� 0.50 %� 0.45 %� 0.76 %� 0.67 %�

Commercial

�� 0.40 %� 0.40 %� 0.35 %� 0.79 %� 0.60 %�

Consumer

�� 1.47 %� 0.66 %� 0.60 %� 0.72 %� 0.76 %�

Net charge-offs were $191 million, or 83 bps of average loans on an annualized basis, in the fourth quarter of 2014 compared with net charge-offs of $115 million, or 50 bps, in the third quarter of 2014 and $148 million, or 67 bps, in the fourth quarter of 2013. The fourth quarter of 2014 net charge-offs included $87 million (38 bps) related to the transfer of residential mortgage loans classified as troubled debt restructurings to held-for-sale. Excluding these, net charge-offs were $104 million, or 45 bps, in the fourth quarter of 2014. For comparison purposes, the fourth quarter of 2013 included a single large credit that was restructured which resulted in a charge-off of $43 million (19 bps).

11


Commercial net charge-offs were $55 million, or 40 bps, and were flat sequentially. C&I net charge-offs of $44 million decreased $6�million from the previous quarter and commercial real estate net charge-offs increased $5 million from the previous quarter.

Consumer net charge-offs were $136 million, or 147 bps, up $76 million sequentially. Net charge-offs on residential mortgage loans in the portfolio were $94 million, up $85 million from the previous quarter primarily reflecting the impact of the charge-offs mentioned above. Home equity net charge-offs were $11 million, down $3 million from the third quarter of 2014, and net charge-offs in the auto portfolio of $7 million were flat compared with the prior quarter. Net charge-offs on consumer credit card loans were $20 million, down $3 million from the third quarter. Net charge-offs on other consumer loans were $4 million, down $3 million compared with the previous quarter.

�� For the Three Months Ended
�� December
2014
September
2014
June
2014
March
2014
December
2013

Allowance for Credit Losses ($ in millions)

��

Allowance for loan and lease losses, beginning

�� $ 1,414 �� $ 1,458 �� $ 1,483 �� $ 1,582 �� $ 1,677 ��

Total net losses charged off

�� (191 )� (115 )� (101 )� (168 )� (148 )�

Provision for loan and lease losses

�� 99 71 76 69 53
��

Allowance for loan and lease losses, ending

�� 1,322 1,414 1,458 1,483 1,582

Reserve for unfunded commitments, beginning

�� 134 142 153 162 167

Provision (benefit) for unfunded commitments

�� 1 (8 )� (11 )� (9 )� (5 )�
��

Reserve for unfunded commitments, ending

�� 135 134 142 153 162

Components of allowance for credit losses:

��

Allowance for loan and lease losses

�� 1,322 1,414 1,458 1,483 1,582

Reserve for unfunded commitments

�� 135 134 142 153 162
��

Total allowance for credit losses

�� $ 1,457 �� $ 1,548 �� $ 1,600 �� $ 1,636 �� $ 1,744 ��

Allowance for loan and lease losses ratio

��

As a percent of loans and leases

�� 1.47 %� 1.56 %� 1.61 %� 1.65 %� 1.79 %�

As a percent of nonperforming loans and leases(a)

�� 228 %� 228 %� 228 %� 202 %� 211 %�

As a percent of nonperforming assets(a)

�� 178 %� 178 %� 175 %� 157 %� 161 %�

(a) Excludes nonaccrual loans and leases in loans held for sale.

Provision for loan and lease losses totaled $99 million in the fourth quarter of 2014 and included a $23 million impact related to the transfer of residential mortgage loans classified as troubled debt restructurings to held-for-sale. The provision increased $28 million from the third quarter of 2014 and increased $46 million from the fourth quarter of 2013. The allowance for loan and lease losses declined $92 million sequentially reflecting a $64 million reduction related to the aforementioned transfer of loans to held-for-sale, as well as the portfolio�s overall risk profile and charges to the allowance. The allowance represented 1.47 percent of total loans and leases outstanding as of quarter end, compared with 1.56 percent last quarter, and represented 228 percent of nonperforming loans and leases, and 178 percent of nonperforming assets.

12


�� As of
�� December
2014
September
2014
June
2014
March
2014
December
2013

Nonperforming Assets and Delinquent Loans ($ in millions)

��

Nonaccrual portfolio loans and leases:

��

Commercial and industrial loans

�� $ 86 $ 102 $ 103 $ 153 $ 127

Commercial mortgage loans

�� 64 77 86 96 90

Commercial construction loans

�� ��� 2 3 3 10

Commercial leases

�� 3 3 2 3 3

Residential mortgage loans

�� 44 52 56 68 83

Home equity

�� 72 69 73 75 74

Automobile loans

�� ��� ��� ��� ��� ���

Other consumer loans and leases

�� ��� ��� ��� ��� ���
��

Total nonaccrual loans and leases (excludes restructured loans)

�� $ 269 $ 305 $ 323 $ 398 $ 387

Restructured loans�commercial (nonaccrual)(c)

�� 214 201 202 209 228

Restructured loans�consumer (nonaccrual)

�� 96 114 115 126 136
��

Total nonaccrual portfolio loans and leases

�� $ 579 $ 620 $ 640 $ 733 $ 751

Repossessed personal property

�� 18 19 18 6 7

Other real estate owned(a)

�� 147 157 174 207 222
��

Total nonperforming assets(b)

�� $ 744 $ 796 $ 832 $ 946 $ 980

Nonaccrual loans held for sale

�� 24 4 5 3 6

Restructured loans�(nonaccrual) held for sale

�� 15 3 ��� ��� ���
��

Total nonperforming assets including loans held for sale

�� $ 783 $ 803 $ 837 $ 949 $ 986
��

Restructured Consumer loans and leases (accrual)

�� $ 905 $ 1,610 $ 1,623 $ 1,682 $ 1,685

Restructured Commercial loans and leases (accrual)(c)

�� $ 844 $ 885 $ 914 $ 847 $ 869

Total loans and leases 90 days past due

�� $ 87 $ 87 $ 94 $ 94 $ 103

Nonperforming loans and leases as a percent of portfolio loans, leases and other assets, including other real estate owned(b)

�� 0.64 %� 0.68 %� 0.70 %� 0.82 %� 0.84 %�

Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned(b)

�� 0.82 %� 0.88 %� 0.92 %� 1.05 %� 1.10 %�

(a) Excludes government insured advances.
(b) Does not include nonaccrual loans held for sale.
(c) Excludes $21 million of restructured nonaccrual loans and $7 million of restructured accruing loans as of December�31, 2014,�September�30, 2014,�June�30, 2014, and March�31, 2014 and excludes $21 million of restructured nonaccrual loans and $8 million of restructured accruing loans as of December�31, 2013 associated with a consolidated variable interest entity in which the Bancorp has no continuing credit risk.

Total nonperforming assets, including loans held-for-sale, were $783 million, a decline of $20 million, or 3 percent, from the previous quarter. Nonperforming loans (NPLs) at quarter-end were $579 million or 0.64 percent of total loans, leases and OREO, and decreased $41 million, or 7 percent, from the previous quarter. The fourth quarter NPLs declined $24 million related to the transfer of residential mortgage loans classified as troubled debt restructurings to held-for-sale.

Commercial NPAs were $461 million, or 0.85 percent of commercial loans, leases and OREO, and decreased $26 million, or 5�percent, from the third quarter. Commercial NPLs were $367 million, or 0.68 percent of commercial loans and leases, and decreased $18 million from last quarter. C&I NPAs of $246 million decreased $32 million from the prior quarter. Commercial mortgage NPAs were $195 million, up $9 million from the previous quarter. Commercial construction NPAs were $16 million, a decrease of $3�million from the previous quarter. Commercial lease NPAs were $4 million, flat from the previous quarter. Commercial NPAs included $214 million of nonaccrual troubled debt restructurings (TDRs), compared with $201 million last quarter.

13


Consumer NPAs of $283 million, or 0.78 percent of consumer loans, leases and OREO, decreased $26 million from the third quarter. Consumer NPLs were $212 million, or 0.59 percent of consumer loans and leases and decreased $23 million from last quarter. The declines in consumer NPAs and NPLs were driven by the residential mortgage loans moved to held-for-sale in the fourth quarter. Residential mortgage NPAs were $126 million, $38 million lower than last quarter reflecting the aforementioned NPAs moved to held-for-sale. Home equity NPAs of $108 million increased $7 million sequentially and credit card NPAs of $41 million were up $4�million compared with the previous quarter. Consumer nonaccrual TDRs were $96 million in the fourth quarter of 2014, compared with $114 million in the third quarter of 2014.

Fourth quarter OREO balances included in NPA balances were $147 million, down $10 million from the third quarter, and included $83 million in commercial OREO and $64 million in consumer OREO. Repossessed personal property of $18 million decreased $1�million from the prior quarter.

Loans over 90 days past due and still accruing were $87 million, flat from the third quarter of 2014. Commercial balances over 90 days past due were less than $1 million compared with $1 million in the prior quarter, and consumer balances 90 days past due of $87�million were up $1 million from the previous quarter. Loans 30-89 days past due of $250 million were down $29 million from the previous quarter. Commercial balances 30-89 days past due of $16 million were down $1 million sequentially and consumer balances 30-89 days past due of $234 million decreased $28 million from the third quarter. The above delinquencies figures exclude nonaccruals described previously.

14


Capital Position

�� For the Three Months Ended
�� December
2014
September
2014
June
2014
March
2014
December
2013

Capital Position

��

Average shareholders� equity to average assets

�� 11.54 %� 11.71 %� 11.57 %� 11.53 %� 11.51 %�

Tangible equity(a)

�� 9.41 %� 9.65 %� 9.77 %� 9.61 %� 9.44 %�

Tangible common equity (excluding unrealized gains/losses)(a)

�� 8.43 %� 8.64 %� 8.74 %� 8.79 %� 8.63 %�

Tangible common equity (including unrealized gains/losses)(a)

�� 8.71 %� 8.84 %� 9.00 %� 8.93 %� 8.69 %�

Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses)(a)(b)

�� 9.70 %� 9.70 %� 9.67 %� 9.57 %� 9.52 %�

Regulatory capital ratios:(c)

��

Tier I risk-based capital

�� 10.83 %� 10.83 %� 10.80 %� 10.45 %� 10.43 %�

Total risk-based capital

�� 14.33 %� 14.34 %� 14.30 %� 14.02 %� 14.17 %�

Tier I leverage

�� 9.66 %� 9.82 %� 9.86 %� 9.71 %� 9.73 %�

Tier I common equity(a)

�� 9.65 %� 9.64 %� 9.61 %� 9.51 %� 9.45 %�

Book value per share

�� 17.35 16.87 16.74 16.27 15.85

Tangible book value per share(a)

�� 14.40 13.95 13.86 13.40 13.00

(a) The tangible equity, tangible common equity, tier I common equity and tangible book value per share ratios, while not required by accounting principles generally accepted in the United States of America (U.S. GAAP), are considered to be critical metrics with which to analyze banks. The ratios have been included herein to facilitate a greater understanding of the Bancorp�s capital structure and financial condition. See the Regulation G Non-GAAP Reconciliation table for a reconciliation of these ratios to U.S. GAAP.
(b) Under the banking agencies risk-based capital guidelines, assets and credit equivalent amounts of derivatives and off-balance sheet exposures are assigned to broad risk categories. The aggregate dollar amount in each risk category is multiplied by the associated risk weight of the category. The resulting weighted values are added together resulting in the Bancorp�s total risk weighted assets.
(c) Current period regulatory capital data ratios are estimated.

Capital ratios remained strong during the quarter, reflecting growth in retained earnings, the payment of preferred dividends, and share repurchase activity. Compared with the prior quarter, the Tier 1 common equity ratio* of 9.65 percent increased 1 bp. The tangible common equity to tangible assets ratio* was 8.43 percent (excluding unrealized gains/losses) and 8.71 percent (including unrealized gains/losses). The Tier 1 risk-based capital ratio was 10.83 percent and was flat compared to the prior quarter. The total risk-based capital ratio decreased 1 bps to 14.33 percent and the Leverage ratio decreased 16 bps to 9.66 percent.

Our current estimate of the pro-forma fully phased in Tier I common equity ratio at December�31, 2014 under the final capital rule, assuming the Company elected to maintain the current treatment of AOCI components in capital, would be approximately 9.4�percent**. This would compare with 9.7 percent* as calculated under the currently prevailing Basel I capital framework. Were Fifth Third to make the election to include AOCI components in capital, the December�31, 2014 pro forma Basel III Tier 1 common ratio would be increased by approximately 35 bps. Fifth Third�s pro forma Tier 1 common equity ratio exceeds the minimum buffered Tier 1 common equity ratio of 7 percent, comprising a minimum of 4.5 percent plus a capital conservation buffer of 2.5 percent. The pro forma Tier 1 common equity ratio does not include the effect of any mitigating actions the Bancorp may undertake to offset any impact of the final capital rules.

* Non-GAAP measure; see Reg. G reconciliation on page 33.
** Capital ratios estimated; presented under current U.S. capital regulations. The pro forma Basel III Tier I common equity ratio is management�s estimate based upon its current interpretation of the Basel III Final Rule approved in July 2013.

15


Book value per share at December�31, 2014 was $17.35 and tangible book value per share* was $14.40, compared with the September�30, 2014 book value per share of $16.87 and tangible book value per share of $13.95.

As previously announced, Fifth Third entered into a share repurchase agreement with a counterparty on October�20, 2014, whereby Fifth Third would purchase approximately $180 million of its outstanding common stock. This transaction reduced Fifth Third�s fourth quarter share count by 8.34�million shares on October�23, 2014. Settlement of the forward contract related to this agreement occurred on January�5, 2015 and an additional 0.79�million shares were repurchased upon completion of the agreement. In addition, the settlement of the forward contract related to the July�21, 2014 $225 million share repurchase agreement occurred on October�14, 2014. An additional 1.90�million shares were repurchased upon completion of the agreement. In total, the incremental impact to the average diluted share count in the fourth quarter of 2014 was approximately 10.53�million shares due to share repurchase transactions in the third and fourth quarters of 2014.

Tax Rate

The effective tax rate was 25.9 percent this quarter compared with 26.7 percent in the third quarter of 2014 and 28.4 percent in the fourth quarter of 2013.

Other

Fifth Third Bank owns 43�million units representing a 22.8 percent interest in Vantiv Holding, LLC, convertible into shares of Vantiv, Inc., a publicly traded firm (NYSE: VNTV). Based upon Vantiv�s closing price of $33.92 on December�31, 2014, our interest in Vantiv was valued at approximately $1.5 billion. Next month in our 10-K, we will update our disclosure of the carrying value of our interest in Vantiv stock, which was $388 million as of September�30, 2014. The difference between the market value and the book value of Fifth Third�s interest in Vantiv�s shares is not recognized in Fifth Third�s equity or capital. Additionally, Fifth Third has a warrant to purchase additional shares in Vantiv which is carried as a derivative asset at a fair value of $415 million as of December�31, 2014.

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 by Thomson Financial and may be accessed through the Fifth Third Investor Relations website at www.53.com (click on �About Fifth Third� then �Investor Relations�). Institutional investors can access the call via Thomson Financial�s password-protected event management site, StreetEvents (www.streetevents.com).

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 beginning approximately two hours after the conference call until Wednesday, February�4, 2015 by dialing 800-585-8367 for domestic access or 404-537-3406 for international access (passcode 46038333#).

* Non-GAAP measure; see Reg. G reconciliation on page 33.

16


Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of December�31, 2014, the Company had $139 billion in assets and operated 15 affiliates with 1,302 full-service Banking Centers, including 101 Bank Mart locations, most open seven days a week, inside select grocery stores and 2,638 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 22.8% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December�31, 2014, had $308 billion in assets under care, of which it managed $27 billion for individuals, corporations and not-for-profit organizations. 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.�

Forward-Looking Statements

This news release contains statements that we believe are �forward-looking statements� within the meaning of Section�27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section�21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. They usually can be identified by the use of forward-looking language such as �will likely result,� �may,� �are expected to,� �is anticipated,� �estimate,� �forecast,� �projected,� �intends to,� or may include other similar words or phrases such as �believes,� �plans,� �trend,� �objective,� �continue,� �remain,� or similar expressions, or future or conditional verbs such as �will,� �would,� �should,� �could,� �might,� �can,� or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K as updated by our Quarterly Reports on Form 10-Q. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements we may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us.

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors that might cause such a difference include, but are not limited to: (1)�general economic conditions and weakening in the economy, specifically the real estate market, either nationally or in the states in which Fifth Third, one or more acquired entities and/or the combined company do business, are less favorable than expected; (2)�deteriorating credit quality; (3)�political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4)�changes in the interest rate environment reduce interest margins; (5)�prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (6)�Fifth Third�s ability to maintain required capital levels and adequate sources of funding and liquidity; (7)�maintaining capital requirements and adequate sources of funding and liquidity may limit Fifth Third�s operations and potential growth; (8)�changes and trends in capital markets; (9)�problems encountered by larger or similar financial institutions may adversely affect the banking industry and/or Fifth Third; (10)�competitive pressures among depository institutions increase significantly; (11)�effects of critical accounting policies and judgments; (12)�changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board (FASB) or other regulatory agencies; (13)�legislative or regulatory changes or actions, or significant litigation, adversely affect Fifth Third, one or more acquired entities and/or the combined company or the businesses in which Fifth Third, one or more acquired entities and/or the combined company are engaged, including the Dodd-Frank Wall Street Reform and Consumer Protection Act; (14)�ability to maintain favorable ratings from rating agencies; (15)�fluctuation of Fifth Third�s stock price; (16)�ability to attract and retain key personnel; (17)�ability to receive dividends from its subsidiaries; (18)�potentially dilutive effect of future acquisitions on current shareholders� ownership of Fifth Third; (19)�effects of accounting or financial results of one or more acquired entities; (20)�difficulties from Fifth Third�s investment in, relationship with, and nature of the operations of Vantiv, LLC; (21)�loss of income from any sale or potential sale of businesses that could have an adverse effect on Fifth Third�s earnings and future growth; (22)�ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; and (23)�the impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity.

You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or �SEC,� for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements.

# # #

17


LOGO

Quarterly Financial Review for December�31, 2014

Table of Contents

Financial Highlights

�� 19-20 ��

Consolidated Statements of Income

�� 21

Consolidated Statements of Income (Taxable Equivalent)

�� 22

Consolidated Balance Sheets

�� 23-24 ��

Consolidated Statements of Changes in Equity

�� 25

Average Balance Sheet and Yield Analysis

�� 26-28 ��

Summary of Loans and Leases

�� 29

Regulatory Capital

�� 30

Summary of Credit Loss Experience

�� 31

Asset Quality

�� 32

Regulation G Non-GAAP Reconciliation

�� 33

Segment Presentation

�� 34

18


Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

�� For the Three Months Ended %�Change Year to Date %�Change
�� December
2014
September
2014
December
2013
Seq Yr/Yr December
2014
December
2013
Yr/Yr

Income Statement Data

��

Net interest income(a)

�� $ 888 $ 908 $ 905 (2 %)� (2 %)� $ 3,600 $ 3,581 1 %�

Noninterest income

�� 653 520 703 26 %� (7 %)� 2,473 3,227 (23 %)�

Total revenue(a)

�� 1,541 1,428 1,608 8 %� (4 %)� 6,073 6,808 (11 %)�

Provision for loan and lease losses

�� 99 71 53 40 %� 87 %� 315 229 38 %�

Noninterest expense

�� 918 888 989 3 %� (7 %)� 3,709 3,961 (6 %)�

Net income attributable to Bancorp

�� 385 340 402 13 %� (4 %)� 1,481 1,836 (19 %)�

Net income available to common shareholders

�� 362 328 383 10 %� (6 %)� 1,414 1,799 (21 %)�

Common Share Data

��

Earnings per share, basic

�� $ 0.44 �� $ 0.39 �� $ 0.44 �� 13 %� ��� �� $ 1.68 �� $ 2.05 �� (18 %)�

Earnings per share, diluted

�� 0.43 0.39 0.43 10 %� ��� �� 1.66 2.02 (17 %)�

Cash dividends per common share

�� 0.13 0.13 0.12 ��� �� 8 %� 0.51 0.47 9 %�

Book value per share

�� 17.35 16.87 15.85 3 %� 9 %� 17.35 15.85 9 %�

Market price per share

�� 20.38 20.02 21.03 2 %� (3 %)� 20.38 21.03 (3 %)�

Common shares outstanding (in thousands)

�� 824,047 834,262 855,306 (1 %)� (4 %)� 824,047 855,306 (4 %)�

Average common shares outstanding (in thousands):

��

Basic

�� 819,057 829,392 868,077 (1 %)� (6 %)� 833,116 869,463 (4 %)�

Diluted

�� 827,831 838,324 877,511 (1 %)� (6 %)� 842,967 894,736 (6 %)�

Market capitalization

�� $ 16,790 �� $ 16,702 �� $ 17,987 �� 1 %� (7 %)� $ 16,790 �� $ 17,987 �� (7 %)�

Financial Ratios

��

Return on average assets

�� 1.13 %� 1.02 %� 1.24 %� 10 %� (10 %)� 1.12 %� 1.48 %� (24 %)�

Return on average common equity

�� 10.0 %� 9.2 %� 10.8 %� 9 %� (7 %)� 10.0 %� 13.1 %� (24 %)�

Return on average tangible common equity(b)(j)

�� 12.1 %� 11.1 %� 13.1 %� 9 %� (8 %)� 12.2 %� 16.0 %� (24 %)�

Noninterest income as a percent of total revenue

�� 42 %� 36 %� 44 %� 16 %� (3 %)� 41 %� 47 %� (14 %)�

Average Bancorp shareholders� equity as a percent of average assets

�� 11.54 %� 11.71 %� 11.51 %� (1 %)� ��� �� 11.59 %� 11.56 %� ��� ��

Tangible common equity(c)(d)(j)

�� 8.43 %� 8.64 %� 8.63 %� (2 %)� (2 %)� 8.43 %� 8.63 %� (2 %)�

Net interest margin(a)

�� 2.96 %� 3.10 %� 3.21 %� (5 %)� (8 %)� 3.10 %� 3.32 %� (6 %)�

Efficiency(a)

�� 59.6 %� 62.1 %� 61.5 %� (4 %)� (3 %)� 61.1 %� 58.2 %� 5 %�

Effective tax rate

�� 25.9 %� 26.7 %� 28.4 %� (3 %)� (9 %)� 26.9 %� 29.7 %� (10 %)�

Credit Quality

��

Net losses charged off

�� $ 191 �� $ 115 �� $ 148 �� 67 %� 29 %� $ 575 �� $ 501 �� 15 %�

Net losses charged off as a percent of average loans and leases

�� 0.83 %� 0.50 %� 0.67 %� 66 %� 25 %� 0.64 %� 0.58 %� 10 %�

Allowance for loan and lease losses as a percent of portfolio loans and leases

�� 1.47 %� 1.56 %� 1.79 %� (6 %)� (18 %)� 1.47 %� 1.79 %� (18 %)�

Allowance for credit losses as a percent of portfolio loans and leases

�� 1.62 %� 1.71 %� 1.97 %� (5 %)� (18 %)� 1.62 %� 1.97 %� (18 %)�

Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned(e)

�� 0.82 %� 0.88 %� 1.10 %� (6 %)� (25 %)� 0.82 %� 1.10 %� (25 %)�

Average Balances

��

Loans and leases, including held for sale

�� $ 91,581 $ 91,428 $ 88,865 ��� �� 3 %� $ 91,127 $ 89,093 2 %�

Total securities and other short-term investments

�� 27,604 24,927 23,043 11 %� 20 %� 24,866 18,861 32 %�

Total assets

�� 135,580 132,220 128,179 3 %� 6 %� 131,943 123,732 7 %�

Transaction deposits(f)

�� 92,414 89,360 85,740 3 %� 8 %� 89,715 82,915 8 %�

Core deposits(g)

�� 96,350 93,160 89,269 3 %� 8 %� 93,477 86,675 8 %�

Wholesale funding(h)

�� 19,495 19,787 19,069 (1 %)� 2 %� 19,188 17,797 8 %�

Bancorp shareholders� equity

�� 15,644 15,486 14,757 1 %� 6 %� 15,290 14,302 7 %�

Regulatory Capital Ratios(i)

��

Tier I risk-based capital

�� 10.83 %� 10.83 %� 10.43 %� ��� �� 4 %� 10.83 %� 10.43 %� 4 %�

Total risk-based capital

�� 14.33 %� 14.34 %� 14.17 %� ��� �� 1 %� 14.33 %� 14.17 %� 1 %�

Tier I leverage

�� 9.66 %� 9.82 %� 9.73 %� (2 %)� ��� �� 9.66 %� 9.73 %� ��� ��

Tier I common equity(d)(j)

�� 9.65 %� 9.64 %� 9.45 %� ��� �� 2 %� 9.65 %� 9.45 %� 2 %�

Operations

��

Banking centers

�� 1,302 1,308 1,320 ��� �� (1 %)� 1,302 1,320 (1 %)�

ATMs

�� 2,638 2,639 2,586 ��� �� 2 %� 2,638 2,586 2 %�

Full-time equivalent employees

�� 18,351 18,503 19,446 (1 %)� (6 %)� 18,351 19,446 (6 %)�

(a) Presented on a fully taxable equivalent basis.
(b) The return on average tangible common equity is calculated as tangible net income available to common shareholders excluding tax effected amortization of intangibles) divided by average tangible common equity (average common equity less goodwill and intangible assets).
(c) The tangible common equity ratio is calculated as tangible common equity (shareholders� equity less preferred stock, goodwill, intangible assets and accumulated other comprehensive income divided by tangible assets (total assets less goodwill, intangible assets and accumulated other comprehensive income).
(d) The tangible common equity and tier I common equity ratios, while not required by U.S. GAAP, are considered to be important metrics with which to analyze a bank�s position. The ratios have been included herein to facilitate a greater understanding of the Bancorp�s capital structure and financial condition.
(e) Excludes nonaccrual loans held for sale.
(f) Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers.
(g) Includes transaction deposits plus other time deposits.
(h) Includes certificates $100,000 and over, other deposits, federal funds purchased, short-term borrowings and long-term debt.
(i) Current period regulatory capital ratios are estimates.
(j) Non-GAAP measure; see Reg. G reconciliation on page 33.

19


Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

�� For the Three Months Ended
�� December
2014
September
2014
June
2014
March
2014
December
2013

Income Statement Data

��

Net interest income(a)

�� $ 888 $ 908 $ 905 $ 898 $ 905

Noninterest income

�� 653 520 736 564 703

Total revenue(a)

�� 1,541 1,428 1,641 1,462 1,608

Provision for loan and lease losses

�� 99 71 76 69 53

Noninterest expense

�� 918 888 954 950 989

Net income attributable to Bancorp

�� 385 340 439 318 402

Net income available to common shareholders

�� 362 328 416 309 383

Common Share Data

��

Earnings per share, basic

�� $ 0.44 $ 0.39 $ 0.49 $ 0.36 $ 0.44

Earnings per share, diluted

�� 0.43 0.39 0.49 0.36 0.43

Cash dividends per common share

�� 0.13 0.13 0.13 0.12 0.12

Book value per share

�� 17.35 16.87 16.74 16.27 15.85

Market price per share

�� 20.38 20.02 21.35 22.96 21.03

Common shares outstanding (in thousands)

�� 824,047 834,262 844,489 847,569 855,306

Average common shares outstanding (in thousands):

��

Basic

�� 819,057 829,392 838,492 845,860 868,077

Diluted

�� 827,831 838,324 848,245 857,924 877,511

Market capitalization

�� $ 16,790 $ 16,702 $ 18,030 $ 19,456 $ 17,987

Financial Ratios

��

Return on average assets

�� 1.13 %� 1.02 %� 1.34 %� 1.00 %� 1.24 %�

Return on average common equity

�� 10.0 %� 9.2 %� 11.9 %� 9.0 %� 10.8 %�

Return on average tangible common equity(b)(j)

�� 12.1 %� 11.1 %� 14.4 %� 11.0 %� 13.1 %�

Noninterest income as a percent of total revenue

�� 42 %� 36 %� 45 %� 39 %� 44 %�

Average Bancorp shareholders� equity as a percent of average assets

�� 11.54 %� 11.71 %� 11.57 %� 11.53 %� 11.51 %�

Tangible common equity(c)(d)(j)

�� 8.43 %� 8.64 %� 8.74 %� 8.79 %� 8.63 %�

Net interest margin(a)

�� 2.96 %� 3.10 %� 3.15 %� 3.22 %� 3.21 %�

Efficiency(a)

�� 59.6 %� 62.1 %� 58.2 %� 64.9 %� 61.5 %�

Effective tax rate

�� 25.9 %� 26.7 %� 27.6 %� 27.3 %� 28.4 %�

Credit Quality

��

Net losses charged off

�� $ 191 $ 115 $ 101 $ 168 $ 148

Net losses charged off as a percent of average loans and leases

�� 0.83 %� 0.50 %� 0.45 %� 0.76 %� 0.67 %�

Allowance for loan and lease losses as a percent of portfolio loans and leases

�� 1.47 %� 1.56 %� 1.61 %� 1.65 %� 1.79 %�

Allowance for credit losses as a percent of portfolio loans and leases

�� 1.62 %� 1.71 %� 1.77 %� 1.82 %� 1.97 %�

Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned(e)

�� 0.82 %� 0.88 %� 0.92 %� 1.05 %� 1.10 %�

Average Balances

��

Loans and leases, including held for sale

�� $ 91,581 $ 91,428 $ 91,241 $ 90,238 $ 88,865

Total securities and other short-term investments

�� 27,604 24,927 23,940 22,940 23,043

Total assets

�� 135,580 132,220 130,965 128,930 128,179

Transaction deposits(f)

�� 92,414 89,360 89,148 87,896 85,740

Core deposits(g)

�� 96,350 93,160 92,841 91,512 89,269

Wholesale funding(h)

�� 19,495 19,787 19,204 18,244 19,069

Bancorp shareholders� equity

�� 15,644 15,486 15,157 14,862 14,757

Regulatory Capital Ratios(i)

��

Tier I risk-based capital

�� 10.83 %� 10.83 %� 10.80 %� 10.45 %� 10.43 %�

Total risk-based capital

�� 14.33 %� 14.34 %� 14.30 %� 14.02 %� 14.17 %�

Tier I leverage

�� 9.66 %� 9.82 %� 9.86 %� 9.71 %� 9.73 %�

Tier I common equity(d)(j)

�� 9.65 %� 9.64 %� 9.61 %� 9.51 %� 9.45 %�

Operations

��

Banking centers

�� 1,302 1,308 1,309 1,311 1,320

ATMs

�� 2,638 2,639 2,619 2,614 2,586

Full-time equivalent employees

�� 18,351 18,503 18,732 19,080 19,446

(a) Presented on a fully taxable equivalent basis.
(b) The return on average tangible common equity is calculated as tangible net income available to common shareholders excluding tax effected amortization of intangibles) divided by average tangible common equity (average common equity less goodwill and intangible assets).
(c) The tangible common equity ratio is calculated as tangible common equity (shareholders� equity less preferred stock, goodwill, intangible assets and accumulated other comprehensive income divided by tangible assets (total assets less goodwill, intangible assets and accumulated other comprehensive income).
(d) The tangible common equity and tier I common equity ratios, while not required by U.S. GAAP, are considered to be important metrics with which to analyze a bank�s position. The ratios have been included herein to facilitate a greater understanding of the Bancorp�s capital structure and financial condition.
(e) Excludes nonaccrual loans held for sale.
(f) Includes demand, interest checking, savings, money market and foreign office deposits of commercial customers.
(g) Includes transaction deposits plus other time deposits.
(h) Includes certificates $100,000 and over, other deposits, federal funds purchased, short-term borrowings and long-term debt.
(i) Current period regulatory capital ratios are estimates.
(j) Non-GAAP measure; see Reg. G reconciliation on page 33.

20


Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income

$ in millions

(unaudited)

�� For the Three Months Ended �� % Change Year to Date %�Change
�� December
2014
�� September
2014
�� December
2013
�� Seq Yr/Yr December
2014
�� December
2013
Yr/Yr

Interest Income

�� �� �� �� ��

Interest and fees on loans and leases

�� $ 823 �� $ 827 �� $ 845 �� (1 %)� (3 %)� 3,298 �� 3,447 (4 %)�

Interest on securities

�� 185 �� 189 �� 154 �� (2 %)� 20 %� 724 �� 520 39 %�

Interest on other short-term investments

�� 3 �� 2 �� 3 �� NM �� 13 %� 8 �� 6 30 %�
��

��

��

��

��

Total interest income

�� 1,011 �� 1,018 �� 1,002 �� (1 %)� 1 %� 4,030 �� 3,973 1 %�

Interest Expense

�� �� �� �� ��

Interest on deposits

�� 54 �� 51 �� 48 �� 7 %� 15 %� 202 �� 202 ��� ��

Interest on other short-term borrowings

�� ��� �� 1 �� 1 �� (33 %)� (56 %)� 2 �� 6 (61 %)�

Interest on long-term debt

�� 74 �� 63 �� 53 �� 14 %� 36 %� 247 �� 204 21 %�
��

��

��

��

��

Total interest expense

�� 128 �� 115 �� 102 �� 11 %� 25 %� 451 �� 412 9 %�
��

��

��

��

��

Net Interest Income

�� 883 �� 903 �� 900 �� (2 %)� (2 %)� 3,579 �� 3,561 1 %�

Provision for loan and lease losses

�� 99 �� 71 �� 53 �� 40 %� 87 %� 315 �� 229 38 %�
��

��

��

��

��

Net interest income after provision for loan and lease losses

�� 784 �� 832 �� 847 �� (6 %)� (7 %)� 3,264 �� 3,332 (2 %)�

Noninterest Income

�� �� �� �� ��

Service charges on deposits

�� 142 �� 145 �� 142 �� (2 %)� ��� �� 560 �� 549 2 %�

Corporate banking revenue

�� 120 �� 100 �� 94 �� 20 %� 27 %� 430 �� 400 7 %�

Mortgage banking net revenue

�� 61 �� 61 �� 126 �� ��� �� (51 %)� 310 �� 700 (56 %)�

Investment advisory revenue

�� 100 �� 103 �� 98 �� (2 %)� 2 %� 407 �� 393 4 %�

Card and processing revenue

�� 76 �� 75 �� 71 �� 2 %� 7 %� 295 �� 272 8 %�

Other noninterest income

�� 150 �� 33 �� 170 �� NM �� (13 %)� 450 �� 879 (49 %)�

Securities gains, net

�� 4 �� 3 �� 2 �� 15 %� NM �� 21 �� 21 4 %�

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

�� ��� �� ��� �� ��� �� ��� �� ��� �� ��� �� 13 (100 %)�
��

��

��

��

��

Total noninterest income

�� 653 �� 520 �� 703 �� 26 %� (7 %)� 2,473 �� 3,227 (23 %)�

Noninterest Expense

�� �� �� �� ��

Salaries, wages and incentives

�� 366 �� 357 �� 388 �� 3 %� (6 %)� 1,449 �� 1,581 (8 %)�

Employee benefits

�� 79 �� 75 �� 78 �� 5 %� 1 %� 334 �� 357 (7 %)�

Net occupancy expense

�� 77 �� 78 �� 77 �� (1 %)� ��� �� 313 �� 307 2 %�

Technology and communications

�� 54 �� 53 �� 53 �� 2 %� 2 %� 212 �� 204 4 %�

Equipment expense

�� 30 �� 30 �� 29 �� ��� �� 3 %� 121 �� 114 6 %�

Card and processing expense

�� 36 �� 37 �� 37 �� (1 %)� (2 %)� 141 �� 134 5 %�

Other noninterest expense

�� 276 �� 258 �� 327 �� 7 %� (16 %)� 1,139 �� 1,264 (10 %)�
��

��

��

��

��

Total noninterest expense

�� 918 �� 888 �� 989 �� 3 %� (7 %)� 3,709 �� 3,961 (6 %)�

Income before income taxes

�� 519 �� 464 �� 561 �� 11 %� (8 %)� 2,028 �� 2,598 (22 %)�

Applicable income tax expense

�� 134 �� 124 �� 159 �� 8 %� (16 %)� 545 �� 772 (29 %)�
��

��

��

��

��

Net Income

�� 385 �� 340 �� 402 �� 13 %� (4 %)� 1,483 �� 1,826 (19 %)�

Less: Net income attributable to noncontrolling interests

�� ��� �� ��� �� ��� �� NM �� NM �� 2 �� (10 )� NM ��
��

��

��

��

��

Net income attributable to Bancorp

�� 385 �� 340 �� 402 �� 13 %� (4 %)� 1,481 �� 1,836 (19 %)�

Dividends on preferred stock

�� 23 �� 12 �� 19 �� 87 %� 19 %� 67 �� 37 82 %�
��

��

��

��

��

Net income available to common shareholders

�� $ 362 �� $ 328 �� $ 383 �� 10 %� (6 %)� 1,414 �� 1,799 (21 %)�
��

��

��

��

��

21


Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

�� For the Three Months Ended
�� December
2014
�� September
2014
�� June
2014
�� March
2014
�� December
2013

Interest Income

�� �� �� �� ��

Interest and fees on loans and leases

�� $ 823 �� �� $ 827 �� �� $ 826 �� �� $ 823 �� �� $ 845 ��

Interest on securities

�� 185 �� 189 �� 181 �� 168 �� 154

Interest on other short-term investments

�� 3 �� 2 �� 1 �� 2 �� 3
��

��

��

��

��

Total interest income

�� 1,011 �� 1,018 �� 1,008 �� 993 �� 1,002

Taxable equivalent adjustment

�� 5 �� 5 �� 5 �� 5 �� 5
��

��

��

��

��

Total interest income (taxable equivalent)

�� 1,016 �� 1,023 �� 1,013 �� 998 �� 1,007

Interest Expense

�� �� �� �� ��

Interest on deposits

�� 54 �� 51 �� 49 �� 48 �� 48

Interest on other short-term borrowings

�� ��� �� 1 �� 1 �� 1 �� 1

Interest on long-term debt

�� 74 �� 63 �� 58 �� 51 �� 53
��

��

��

��

��

Total interest expense

�� 128 �� 115 �� 108 �� 100 �� 102
��

��

��

��

��

Net Interest Income (taxable equivalent)

�� 888 �� 908 �� 905 �� 898 �� 905

Provision for loan and lease losses

�� 99 �� 71 �� 76 �� 69 �� 53
��

��

��

��

��

Net interest income (taxable equivalent) after provision for loan and lease losses

�� 789 �� 837 �� 829 �� 829 �� 852

Noninterest Income

�� �� �� �� ��

Service charges on deposits

�� 142 �� 145 �� 139 �� 133 �� 142

Corporate banking revenue

�� 120 �� 100 �� 107 �� 104 �� 94

Mortgage banking net revenue

�� 61 �� 61 �� 78 �� 109 �� 126

Investment advisory revenue

�� 100 �� 103 �� 102 �� 102 �� 98

Card and processing revenue

�� 76 �� 75 �� 76 �� 68 �� 71

Other noninterest income

�� 150 �� 33 �� 226 �� 41 �� 170

Securities gains, net

�� 4 �� 3 �� 8 �� 7 �� 2

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

�� ��� �� ��� �� ��� �� ��� �� ���
��

��

��

��

��

Total noninterest income

�� 653 �� 520 �� 736 �� 564 �� 703

Noninterest Expense

�� �� �� �� ��

Salaries, wages and incentives

�� 366 �� 357 �� 368 �� 359 �� 388

Employee benefits

�� 79 �� 75 �� 79 �� 101 �� 78

Net occupancy expense

�� 77 �� 78 �� 79 �� 80 �� 77

Technology and communications

�� 54 �� 53 �� 52 �� 53 �� 53

Equipment expense

�� 30 �� 30 �� 30 �� 30 �� 29

Card and processing expense

�� 36 �� 37 �� 37 �� 31 �� 37

Other noninterest expense

�� 276 �� 258 �� 309 �� 296 �� 327
��

��

��

��

��

Total noninterest expense

�� 918 �� 888 �� 954 �� 950 �� 989
��

��

��

��

��

Income before income taxes (taxable equivalent)

�� 524 �� 469 �� 611 �� 443 �� 566

Taxable equivalent adjustment

�� 5 �� 5 �� 5 �� 5 �� 5
��

��

��

��

��

Income before income taxes

�� 519 �� 464 �� 606 �� 438 �� 561

Applicable income tax expense

�� 134 �� 124 �� 167 �� 119 �� 159
��

��

��

��

��

Net Income

�� 385 �� 340 �� 439 �� 319 �� 402

Less: Net Income attributable to noncontrolling interests

�� ��� �� ��� �� ��� �� 1 �� ���
��

��

��

��

��

Net income attributable to Bancorp

�� 385 �� 340 �� 439 �� 318 �� 402

Dividends on preferred stock

�� 23 �� 12 �� 23 �� 9 �� 19
��

��

��

��

��

Net income available to common shareholders

�� $ 362 �� $ 328 �� $ 416 �� $ 309 �� $ 383
��

��

��

��

��

22


Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

�� As of % Change
�� December
2014
September
2014
December
2013
Seq Yr/Yr

Assets

��

Cash and due from banks

�� $ 3,091 $ 3,125 $ 3,178 (1 %)� (3 %)�

Available-for-sale and other securities(a)

�� 22,408 22,912 18,597 (2 %)� 20 %�

Held-to-maturity securities(b)

�� 187 191 208 (2 %)� (10 %)�

Trading securities

�� 360 389 343 (8 %)� 5 %�

Other short-term investments

�� 7,914 3,637 5,116 NM �� 55 %�

Loans held for sale

�� 1,261 641 944 97 %� 34 %�

Portfolio loans and leases:

��

Commercial and industrial loans

�� 40,765 41,072 39,316 (1 %)� 4 %�

Commercial mortgage loans

�� 7,399 7,564 8,066 (2 %)� (8 %)�

Commercial construction loans

�� 2,069 1,702 1,039 22 %� 99 %�

Commercial leases

�� 3,720 3,554 3,625 5 %� 3 %�

Residential mortgage loans

�� 12,389 12,941 12,680 (4 %)� (2 %)�

Home equity

�� 8,886 8,987 9,246 (1 %)� (4 %)�

Automobile loans

�� 12,037 12,121 11,984 (1 %)� ��� ��

Credit card

�� 2,401 2,317 2,294 4 %� 5 %�

Other consumer loans and leases

�� 418 366 364 14 %� 15 %�
��

Portfolio loans and leases

�� 90,084 90,624 88,614 (1 %)� 2 %�

Allowance for loan and lease losses

�� (1,322 )� (1,414 )� (1,582 )� (7 %)� (16 %)�
��

Portfolio loans and leases, net

�� 88,762 89,210 87,032 (1 %)� 2 %�

Bank premises and equipment

�� 2,465 2,467 2,531 ��� �� (3 %)�

Operating lease equipment

�� 728 732 730 (1 %)� ��� ��

Goodwill

�� 2,416 2,416 2,416 ��� �� ��� ��

Intangible assets

�� 15 16 19 (7 %)� (24 %)�

Servicing rights

�� 858 935 971 (8 %)� (12 %)�

Other assets

�� 8,241 7,517 8,358 10 %� (1 %)�
��

Total assets

�� $ 138,706 $ 134,188 $ 130,443 3 %� 6 %�
��

Liabilities

��

Deposits:

��

Demand

�� $ 34,809 $ 32,258 $ 32,634 8 %� 7 %�

Interest checking

�� 26,800 24,930 25,875 7 %� 4 %�

Savings

�� 15,051 15,355 17,045 (2 %)� (12 %)�

Money market

�� 17,083 16,199 11,644 5 %� 47 %�

Foreign office

�� 1,114 1,577 1,976 (29 %)� (44 %)�

Other time

�� 3,960 3,856 3,530 3 %� 12 %�

Certificates�$100,000 and over

�� 2,895 3,117 6,571 (7 %)� (56 %)�

Other

�� ��� ��� ��� NM �� NM ��
��

Total deposits

�� 101,712 97,292 99,275 5 %� 2 %�

Federal funds purchased

�� 144 148 284 (2 %)� (49 %)�

Other short-term borrowings

�� 1,556 2,730 1,380 (43 %)� 13 %�

Accrued taxes, interest and expenses

�� 2,020 1,706 1,758 18 %� 15 %�

Other liabilities

�� 2,642 2,533 3,487 4 %� (24 %)�

Long-term debt

�� 14,967 14,336 9,633 4 %� 55 %�
��

Total liabilities

�� 123,041 118,745 115,817 4 %� 6 %�

Equity

��

Common stock(c)

�� 2,051 2,051 2,051 ��� �� ��� ��

Preferred stock

�� 1,331 1,331 1,034 ��� �� 29 %�

Capital surplus

�� 2,646 2,621 2,561 1 %� 3 %�

Retained earnings

�� 11,141 10,886 10,156 2 %� 10 %�

Accumulated other comprehensive income

�� 429 301 82 42 %� NM ��

Treasury stock

�� (1,972 )� (1,786 )� (1,295 )� 10 %� 52 %�
��

Total Bancorp shareholders� equity

�� 15,626 15,404 14,589 1 %� 7 %�

Noncontrolling interests

�� 39 39 37 ��� �� 3 %�
��

Total Equity

�� 15,665 15,443 14,626 1 %� 7 %�
��

Total liabilities and equity

�� $ 138,706 $ 134,188 $ 130,443 3 %� 6 %�
��

(a) Amortized cost

�� $ 21,677 $ 22,392 $ 18,409 (3 %)� 18 %�

(b) Market values

�� 187 191 208 (2 %)� (10 %)�

(c) Common shares, stated value $2.22 per share (in�thousands):

��

Authorized

�� 2,000,000 2,000,000 2,000,000 ��� �� ��� ��

Outstanding, excluding treasury

�� 824,047 834,262 855,306 (1 %)� (4 %)�

Treasury

�� 99,846 89,631 68,587 11 %� 46 %�

23


Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

�� As of
�� December
2014
September
2014
June
2014
March
2014
December
2013

Assets

��

Cash and due from banks

�� $ 3,091 $ 3,125 $ 3,312 $ 3,153 $ 3,178

Available-for-sale and other securities(a)

�� 22,408 22,912 22,814 20,749 18,597

Held-to-maturity securities(b)

�� 187 191 194 195 208

Trading securities

�� 360 389 361 347 343

Other short-term investments

�� 7,914 3,637 2,386 2,202 5,116

Loans held for sale

�� 1,261 641 682 780 944

Portfolio loans and leases:

��

Commercial and industrial loans

�� 40,765 41,072 41,299 40,591 39,316

Commercial mortgage loans

�� 7,399 7,564 7,805 7,958 8,066

Commercial construction loans

�� 2,069 1,702 1,424 1,218 1,039

Commercial leases

�� 3,720 3,554 3,567 3,577 3,625

Residential mortgage loans

�� 12,389 12,941 12,652 12,626 12,680

Home equity

�� 8,886 8,987 9,056 9,125 9,246

Automobile loans

�� 12,037 12,121 12,050 12,088 11,984

Credit card

�� 2,401 2,317 2,261 2,177 2,294

Other consumer loans and leases

�� 418 366 370 345 364
��

Portfolio loans and leases

�� 90,084 90,624 90,484 89,705 88,614

Allowance for loan and lease losses

�� (1,322 )� (1,414 )� (1,458 )� (1,483 )� (1,582 )�
��

Portfolio loans and leases, net

�� 88,762 89,210 89,026 88,222 87,032

Bank premises and equipment

�� 2,465 2,467 2,491 2,528 2,531

Operating lease equipment

�� 728 732 667 714 730

Goodwill

�� 2,416 2,416 2,416 2,416 2,416

Intangible assets

�� 15 16 17 18 19

Servicing rights

�� 858 935 931 975 971

Other assets

�� 8,241 7,517 7,265 7,355 8,358
��

Total assets

�� $ 138,706 $ 134,188 $ 132,562 $ 129,654 $ 130,443
��

Liabilities

��

Deposits:

��

Demand

�� $ 34,809 $ 32,258 $ 32,140 $ 31,234 $ 32,634

Interest checking

�� 26,800 24,930 24,744 25,472 25,875

Savings

�� 15,051 15,355 16,087 16,867 17,045

Money market

�� 17,083 16,199 14,216 13,208 11,644

Foreign office

�� 1,114 1,577 1,418 1,922 1,976

Other time

�� 3,960 3,856 3,724 3,660 3,530

Certificates�$100,000 and over

�� 2,895 3,117 3,623 4,511 6,571

Other

�� ��� ��� ��� ��� ���
��

Total deposits

�� 101,712 97,292 95,952 96,874 99,275

Federal funds purchased

�� 144 148 153 268 284

Other short-term borrowings

�� 1,556 2,730 3,146 2,717 1,380

Accrued taxes, interest and expenses

�� 2,020 1,706 1,824 1,669 1,758

Other liabilities

�� 2,642 2,533 2,018 2,029 3,487

Long-term debt

�� 14,967 14,336 13,961 11,233 9,633
��

Total liabilities

�� 123,041 118,745 117,054 114,790 115,817

Equity

��

Common stock(c)

�� 2,051 2,051 2,051 2,051 2,051

Preferred stock

�� 1,331 1,331 1,331 1,034 1,034

Capital surplus

�� 2,646 2,621 2,613 2,674 2,561

Retained earnings

�� 11,141 10,886 10,666 10,363 10,156

Accumulated other comprehensive income

�� 429 301 382 196 82

Treasury stock

�� (1,972 )� (1,786 )� (1,574 )� (1,492 )� (1,295 )�
��

Total Bancorp shareholders� equity

�� 15,626 15,404 15,469 14,826 14,589

Noncontrolling interests

�� 39 39 39 38 37
��

Total Equity

�� 15,665 15,443 15,508 14,864 14,626
��

Total liabilities and equity

�� $ 138,706 $ 134,188 $ 132,562 $ 129,654 $ 130,443
��

(a) Amortized cost

�� $ 21,677 $ 22,392 $ 22,184 $ 20,393 $ 18,409

(b) Market values

�� 187 191 194 195 208

(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

�� 824,047 834,262 844,489 847,569 855,306

Treasury

�� 99,846 89,631 79,404 76,324 68,587

24


Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Equity

$ in millions

(unaudited)

�� For�the�Three�Months�Ended Year to Date
�� December
2014
December
2013
December
2014
December
2013

Total equity, beginning

�� $ 15,443 �� $ 14,680 �� $ 14,626 �� $ 13,764 ��

Net income attributable to Bancorp

�� 385 402 1,481 1,836

Other comprehensive income, net of tax:

��

Change in unrealized gains and (losses):

��

Available-for-sale securities

�� 137 (147 )� 354 (291 )�

Qualifying cash flow hedges

�� 11 (18 )� 10 (37 )�

Change in accumulated other comprehensive income related to employee benefit plans

�� (20 )� 29 (17 )� 35
��

Comprehensive income

�� 513 266 1,828 1,543

Cash dividends declared:

��

Common stock

�� (107 )� (103 )� (427 )� (407 )�

Preferred stock

�� (23 )� (19 )� (67 )� (37 )�

Impact of stock transactions under stock compensation plans, net

�� 19 17 60 60

Shares acquired for treasury

�� (180 )� (656 )� (654 )� (1,320 )�

Issuance of preferred stock

�� ��� 442 297 1,035

Noncontrolling interest

�� ��� (1 )� 2 (11 )�

Other

�� ��� ��� ��� (1 )�
��

Total equity, ending

�� $ 15,665 �� $ 14,626 �� $ 15,665 �� $ 14,626 ��
��

25


Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

�� For the Three Months Ended % Change
�� December
2014
September
2014
December
2013
Seq Yr/Yr

Assets

��

Interest-earning assets:

��

Commercial and industrial loans

�� $ 41,313 $ 41,525 $ 38,846 (1 %)� 6 %�

Commercial mortgage loans

�� 7,482 7,637 8,051 (2 %)� (7 %)�

Commercial construction loans

�� 1,911 1,565 955 22 %� NM ��

Commercial leases

�� 3,601 3,576 3,579 1 %� 1 %�

Residential mortgage loans

�� 13,526 13,342 13,544 1 %� ��� ��

Home equity

�� 8,937 9,009 9,296 (1 %)� (4 %)�

Automobile loans

�� 12,073 12,105 12,019 ��� �� ��� ��

Credit card

�� 2,324 2,295 2,202 1 %� 6 %�

Other consumer loans and leases

�� 414 374 373 11 %� 11 %�

Taxable securities

�� 22,364 22,594 18,383 (1 %)� 22 %�

Tax exempt securities

�� 64 50 48 27 %� 32 %�

Other short-term investments

�� 5,176 2,283 4,612 NM �� 12 %�
��

Total interest-earning assets

�� 119,185 116,355 111,908 2 %� 7 %�

Cash and due from banks

�� 3,008 2,862 2,956 5 %� 2 %�

Other assets

�� 14,800 14,461 14,986 2 %� (1 %)�

Allowance for loan and lease losses

�� (1,413 )� (1,458 )� (1,671 )� (3 %)� (15 %)�
��

Total assets

�� $ 135,580 $ 132,220 $ 128,179 3 %� 6 %�
��

Liabilities

��

Interest-bearing liabilities:

��

Interest checking

�� $ 25,478 $ 24,926 $ 24,650 2 %� 3 %�

Savings

�� 15,173 15,759 17,323 (4 %)� (12 %)�

Money market

�� 17,023 15,222 11,285 12 %� 51 %�

Foreign office

�� 1,439 1,663 1,717 (13 %)� (16 %)�

Other time

�� 3,936 3,800 3,529 4 %� 12 %�

Certificates�$100,000 and over

�� 2,998 3,339 7,456 (10 %)� (60 %)�

Other

�� ��� ��� ��� NM �� NM ��

Federal funds purchased

�� 161 520 301 (69 %)� (47 %)�

Other short-term borrowings

�� 1,481 1,973 2,177 (25 %)� (32 %)�

Long-term debt

�� 14,855 13,955 9,135 6 %� 63 %�
��

Total interest-bearing liabilities

�� 82,544 81,157 77,573 2 %� 6 %�

Demand deposits

�� 33,301 31,790 30,765 5 %� 8 %�

Other liabilities

�� 4,052 3,749 5,045 8 %� (20 %)�
��

Total liabilities

�� 119,897 116,696 113,383 3 %� 6 %�

Equity

�� 15,683 15,524 14,796 1 %� 6 %�
��

Total liabilities and equity

�� $ 135,580 $ 132,220 $ 128,179 3 %� 6 %�
��

Yield Analysis

��

Interest-earning assets:

��

Commercial and industrial loans

�� 3.21 %� 3.25 %� 3.46 %�

Commercial mortgage loans

�� 3.28 %� 3.34 %� 3.53 %�

Commercial construction loans

�� 3.30 %� 3.49 %� 3.46 %�

Commercial leases

�� 2.96 %� 2.96 %� 3.10 %�

Residential mortgage loans

�� 3.80 %� 3.84 %� 3.88 %�

Home equity

�� 3.68 %� 3.69 %� 3.62 %�

Automobile loans

�� 2.73 %� 2.72 %� 2.96 %�

Credit card

�� 10.08 %� 9.87 %� 9.90 %�

Other consumer loans and leases

�� 31.97 %� 36.98 %� 43.19 %�
��

Total loans and leases

�� 3.58 %� 3.61 %� 3.79 %�

Taxable securities

�� 3.28 %� 3.32 %� 3.32 %�

Tax exempt securities

�� 4.42 %� 5.34 %� 5.65 %�

Other short-term investments

�� 0.26 %� 0.26 %� 0.26 %�
��

Total interest-earning assets

�� 3.38 %� 3.49 %� 3.57 %�

Interest-bearing liabilities:

��

Interest checking

�� 0.22 %� 0.22 %� 0.22 %�

Savings

�� 0.08 %� 0.09 %� 0.11 %�

Money market

�� 0.39 %� 0.37 %� 0.26 %�

Foreign office

�� 0.30 %� 0.29 %� 0.27 %�

Other time

�� 1.14 %� 1.07 %� 0.98 %�

Certificates�$100,000 and over

�� 1.05 %� 0.96 %� 0.64 %�

Other

�� 0.00 %� 0.00 %� 0.05 %�

Federal funds purchased

�� 0.10 %� 0.09 %� 0.14 %�

Other short-term borrowings

�� 0.10 %� 0.10 %� 0.15 %�

Long-term debt

�� 1.94 %� 1.80 %� 2.32 %�
��

Total interest-bearing liabilities

�� 0.61 %� 0.56 %� 0.52 %�

Ratios:

��

Net interest margin (taxable equivalent)

�� 2.96 %� 3.10 %� 3.21 %�

Net interest rate spread (taxable equivalent)

�� 2.77 %� 2.93 %� 3.05 %�

Interest-bearing liabilities to interest-earning assets

�� 69.26 %� 69.75 %� 69.32 %�

26


Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

�� Year to Date %�Change
�� December
2014
December
2013
Yr/Yr

Assets

��

Interest-earning assets:

��

Commercial and industrial loans

�� $ 41,178 $ 37,770 9 %�

Commercial mortgage loans

�� 7,745 8,481 (9 %)�

Commercial construction loans

�� 1,492 793 88 %�

Commercial leases

�� 3,585 3,565 1 %�

Residential mortgage loans

�� 13,344 14,428 (8 %)�

Home equity

�� 9,059 9,554 (5 %)�

Automobile loans

�� 12,068 12,021 ��� ��

Credit card

�� 2,271 2,121 7 %�

Other consumer loans and leases

�� 385 360 7 %�

Taxable securities

�� 21,770 16,395 33 %�

Tax exempt securities

�� 53 49 8 %�

Other short-term investments

�� 3,043 2,417 26 %�
��

Total interest-earning assets

�� 115,993 107,954 7 %�

Cash and due from banks

�� 2,892 2,482 17 %�

Other assets

�� 14,539 15,053 (3 %)�

Allowance for loan and lease losses

�� (1,481 )� (1,757 )� (16 %)�
��

Total assets

�� 131,943 123,732 7 %�
��

Liabilities

��

Interest-bearing liabilities:

��

Interest checking

�� 25,382 23,582 8 %�

Savings

�� 16,080 18,440 (13 %)�

Money market

�� 14,670 9,467 55 %�

Foreign office

�� 1,828 1,501 22 %�

Other time

�� 3,762 3,760 ��� ��

Certificates�$100,000 and over

�� 3,929 6,339 (38 %)�

Other

�� ��� 17 (100 %)�

Federal funds purchased

�� 458 503 (9 %)�

Other short-term borrowings

�� 1,873 3,024 (38 %)�

Long-term debt

�� 12,928 7,914 63 %�
��

Total interest-bearing liabilities

�� 80,910 74,547 9 %�

Demand deposits

�� 31,755 29,925 6 %�

Other liabilities

�� 3,950 4,917 (20 %)�
��

Total liabilities

�� 116,615 109,389 7 %�

Equity

�� 15,328 14,343 7 %�
��

Total liabilities and equity

�� 131,943 123,732 7 %�
��

Yield Analysis

��

Interest-earning assets:

��

Commercial and industrial loans

�� 3.27 %� 3.60 %� (9 %)�

Commercial mortgage loans

�� 3.36 %� 3.60 %� (7 %)�

Commercial construction loans

�� 3.44 %� 3.45 %� ��� ��

Commercial leases

�� 3.01 %� 3.26 %� (8 %)�

Residential mortgage loans

�� 3.88 %� 3.91 %� (1 %)�

Home equity

�� 3.71 %� 3.71 %� ��� ��

Automobile loans

�� 2.77 %� 3.10 %� (11 %)�

Credit card

�� 9.98 %� 9.87 %� 1 %�

Other consumer loans and leases

�� 35.99 %� 42.93 %� (16 %)�
��

Total loans and leases

�� 3.64 %� 3.89 %� (6 %)�

Taxable securities

�� 3.32 %� 3.16 %� 5 %�

Tax exempt securities

�� 4.94 %� 5.29 %� (7 %)�

Other short-term investments

�� 0.26 %� 0.26 %� 3 %�
��

Total interest-earning assets

�� 3.49 %� 3.70 %� (6 %)�

Interest-bearing liabilities:

��

Interest checking

�� 0.22 %� 0.23 %�

Savings

�� 0.10 %� 0.12 %�

Money market

�� 0.35 %� 0.25 %�

Foreign office

�� 0.29 %� 0.28 %�

Other time

�� 1.06 %� 1.33 %�

Certificates�$100,000 and over

�� 0.85 %� 0.78 %�

Other

�� 0.02 %� 0.11 %�

Federal funds purchased

�� 0.09 %� 0.12 %�

Other short-term borrowings

�� 0.10 %� 0.18 %�

Long-term debt

�� 1.91 %� 2.58 %�
��

Total interest-bearing liabilities

�� 0.56 %� 0.55 %�

Ratios:

��

Net interest margin (taxable equivalent)

�� 3.10 %� 3.32 %�

Net interest rate spread (taxable equivalent)

�� 2.94 %� 3.15 %�

Interest-bearing liabilities to interest-earning assets

�� 69.75 %� 69.05 %�

27


Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

�� For the Three Months Ended
�� December
2014
September
2014
June
2014
March
2014
December
2013

Assets

��

Interest-earning assets:

��

Commercial and industrial loans

�� $ 41,313 $ 41,525 $ 41,451 $ 40,409 $ 38,846

Commercial mortgage loans

�� 7,482 7,637 7,886 7,983 8,051

Commercial construction loans

�� 1,911 1,565 1,364 1,118 955

Commercial leases

�� 3,601 3,576 3,556 3,607 3,579

Residential mortgage loans

�� 13,526 13,342 13,202 13,304 13,544

Home equity

�� 8,937 9,009 9,101 9,194 9,296

Automobile loans

�� 12,073 12,105 12,070 12,023 12,019

Credit card

�� 2,324 2,295 2,232 2,230 2,202

Other consumer loans and leases

�� 414 374 379 370 373

Taxable securities

�� 22,364 22,594 21,706 20,385 18,383

Tax exempt securities

�� 64 50 52 46 48

Other short-term investments

�� 5,176 2,283 2,182 2,509 4,612
��

Total interest-earning assets

�� 119,185 116,355 115,181 113,178 111,908

Cash and due from banks

�� 3,008 2,862 2,847 2,850 2,956

Other assets

�� 14,800 14,461 14,417 14,478 14,986

Allowance for loan and lease losses

�� (1,413 )� (1,458 )� (1,480 )� (1,576 )� (1,671 )�
��

Total assets

�� $ 135,580 $ 132,220 $ 130,965 $ 128,930 $ 128,179
��

Liabilities

��

Interest-bearing liabilities:

��

Interest checking

�� $ 25,478 $ 24,926 $ 25,222 $ 25,911 $ 24,650

Savings

�� 15,173 15,759 16,509 16,903 17,323

Money market

�� 17,023 15,222 13,942 12,439 11,285

Foreign office

�� 1,439 1,663 2,200 2,017 1,717

Other time

�� 3,936 3,800 3,693 3,616 3,529

Certificates�$100,000 and over

�� 2,998 3,339 3,840 5,576 7,456

Other

�� ��� ��� ��� ��� ���

Federal funds purchased

�� 161 520 606 547 301

Other short-term borrowings

�� 1,481 1,973 2,234 1,808 2,177

Long-term debt

�� 14,855 13,955 12,524 10,313 9,135
��

Total interest-bearing liabilities

�� 82,544 81,157 80,770 79,130 77,573

Demand deposits

�� 33,301 31,790 31,275 30,626 30,765

Other liabilities

�� 4,052 3,749 3,724 4,274 5,045
��

Total liabilities

�� 119,897 116,696 115,769 114,030 113,383

Equity

�� 15,683 15,524 15,196 14,900 14,796
��

Total liabilities and equity

�� $ 135,580 $ 132,220 $ 130,965 $ 128,930 $ 128,179
��

Yield Analysis

��

Interest-earning assets:

��

Commercial and industrial loans

�� 3.21 %� 3.25 %� 3.27 %� 3.35 %� 3.46 %�

Commercial mortgage loans

�� 3.28 %� 3.34 %� 3.39 %� 3.43 %� 3.53 %�

Commercial construction loans

�� 3.30 %� 3.49 %� 3.54 %� 3.48 %� 3.46 %�

Commercial leases

�� 2.96 %� 2.96 %� 3.04 %� 3.09 %� 3.10 %�

Residential mortgage loans

�� 3.80 %� 3.84 %� 3.93 %� 3.94 %� 3.88 %�

Home equity

�� 3.68 %� 3.69 %� 3.71 %� 3.74 %� 3.62 %�

Automobile loans

�� 2.73 %� 2.72 %� 2.77 %� 2.86 %� 2.96 %�

Credit card

�� 10.08 %� 9.87 %� 10.06 %� 9.90 %� 9.90 %�

Other consumer loans and leases

�� 31.97 %� 36.98 %� 35.63 %� 39.93 %� 43.19 %�
��

Total loans and leases

�� 3.58 %� 3.61 %� 3.65 %� 3.72 %� 3.79 %�

Taxable securities

�� 3.28 %� 3.32 %� 3.34 %� 3.33 %� 3.32 %�

Tax exempt securities

�� 4.42 %� 5.34 %� 4.69 %� 5.51 %� 5.65 %�

Other short-term investments

�� 0.26 %� 0.26 %� 0.28 %� 0.26 %� 0.26 %�
��

Total interest-earning assets

�� 3.38 %� 3.49 %� 3.53 %� 3.58 %� 3.57 %�

Interest-bearing liabilities:

��

Interest checking

�� 0.22 %� 0.22 %� 0.22 %� 0.23 %� 0.22 %�

Savings

�� 0.08 %� 0.09 %� 0.11 %� 0.11 %� 0.11 %�

Money market

�� 0.39 %� 0.37 %� 0.33 %� 0.28 %� 0.26 %�

Foreign office

�� 0.30 %� 0.29 %� 0.29 %� 0.29 %� 0.27 %�

Other time

�� 1.14 %� 1.07 %� 1.03 %� 0.99 %� 0.98 %�

Certificates�$100,000 and over

�� 1.05 %� 0.96 %� 0.83 %� 0.70 %� 0.64 %�

Other

�� 0.00 %� 0.00 %� 0.00 %� 0.05 %� 0.05 %�

Federal funds purchased

�� 0.10 %� 0.09 %� 0.10 %� 0.10 %� 0.14 %�

Other short-term borrowings

�� 0.10 %� 0.10 %� 0.10 %� 0.10 %� 0.15 %�

Long-term debt

�� 1.94 %� 1.80 %� 1.89 %� 2.04 %� 2.32 %�
��

Total interest-bearing liabilities

�� 0.61 %� 0.56 %� 0.54 %� 0.51 %� 0.52 %�

Ratios:

��

Net interest margin (taxable equivalent)

�� 2.96 %� 3.10 %� 3.15 %� 3.22 %� 3.21 %�

Net interest rate spread (taxable equivalent)

�� 2.77 %� 2.93 %� 2.99 %� 3.07 %� 3.05 %�

Interest-bearing liabilities to interest-earning assets

�� 69.26 %� 69.75 %� 70.12 %� 69.92 %� 69.32 %�

28


Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

�� For the Three Months Ended
�� December
2014
�� September
2014
�� June
2014
�� March
2014
�� December
2013

Average Loans and Leases

�� �� �� �� ��

Commercial:

�� �� �� �� ��

Commercial and industrial loans

�� $ 41,277 �� �� $ 41,477 �� �� $ 41,374 �� �� $ 40,377 �� �� $ 38,835 ��

Commercial mortgage loans

�� 7,480 �� 7,633 �� 7,885 �� 7,981 �� 8,047

Commercial construction loans

�� 1,909 �� 1,563 �� 1,362 �� 1,116 �� 952

Commercial leases

�� 3,600 �� 3,571 �� 3,555 �� 3,607 �� 3,578
��

��

��

��

��

Subtotal�commercial

�� 54,266 �� 54,244 �� 54,176 �� 53,081 �� 51,412

Consumer:

�� �� �� �� ��

Residential mortgage loans

�� 13,046 �� 12,785 �� 12,611 �� 12,659 �� 12,609

Home equity

�� 8,937 �� 9,009 �� 9,101 �� 9,194 �� 9,296

Automobile loans

�� 12,073 �� 12,105 �� 12,070 �� 12,023 �� 12,019

Credit card

�� 2,324 �� 2,295 �� 2,232 �� 2,230 �� 2,202

Other consumer loans and leases

�� 395 �� 361 �� 359 �� 343 �� 357
��

��

��

��

��

Subtotal�consumer

�� 36,775 �� 36,555 �� 36,373 �� 36,449 �� 36,483
��

��

��

��

��

Total average loans and leases (excluding held for sale)

�� $ 91,041 �� �� $ 90,799 �� �� $ 90,549 �� �� $ 89,530 �� �� $ 87,895 ��
��

��

��

��

��

Average loans held for sale

�� 540 �� 629 �� 692 �� 708 �� 970

End of Period Loans and Leases

�� �� �� �� ��

Commercial:

�� �� �� �� ��

Commercial and industrial loans

�� $ 40,765 �� �� $ 41,072 �� �� $ 41,299 �� �� $ 40,591 �� �� $ 39,316 ��

Commercial mortgage loans

�� 7,399 �� 7,564 �� 7,805 �� 7,958 �� 8,066

Commercial construction loans

�� 2,069 �� 1,702 �� 1,424 �� 1,218 �� 1,039

Commercial leases

�� 3,720 �� 3,554 �� 3,567 �� 3,577 �� 3,625
��

��

��

��

��

Subtotal�commercial

�� 53,953 �� 53,892 �� 54,095 �� 53,344 �� 52,046

Consumer:

�� �� �� �� ��

Residential mortgage loans

�� 12,389 �� 12,941 �� 12,652 �� 12,626 �� 12,680

Home equity

�� 8,886 �� 8,987 �� 9,056 �� 9,125 �� 9,246

Automobile loans

�� 12,037 �� 12,121 �� 12,050 �� 12,088 �� 11,984

Credit card

�� 2,401 �� 2,317 �� 2,261 �� 2,177 �� 2,294

Other consumer loans and leases

�� 418 �� 366 �� 370 �� 345 �� 364
��

��

��

��

��

Subtotal�consumer

�� 36,131 �� 36,732 �� 36,389 �� 36,361 �� 36,568
��

��

��

��

��

Total portfolio loans and leases

�� $ 90,084 �� �� $ 90,624 �� �� $ 90,484 �� �� $ 89,705 �� �� $ 88,614 ��
��

��

��

��

��

Core business activity

�� 590 �� 634 �� 677 �� 776 �� 938

Portfolio management activity

�� 671 �� 7 �� 5 �� 4 �� 6
��

��

��

��

��

Total loans held for sale

�� 1,261 �� 641 �� 682 �� 780 �� 944

Operating lease equipment

�� 728 �� 732 �� 667 �� 714 �� 730

Loans and Leases Serviced for Others:(a)

�� �� �� �� ��

Commercial and industrial loans

�� 637 �� 620 �� 649 �� 702 �� 685

Commercial mortgage loans

�� 270 �� 274 �� 277 �� 280 �� 274

Commercial construction loans

�� 20 �� 22 �� 39 �� 35 �� 43

Commercial leases

�� 283 �� 267 �� 235 �� 223 �� 227

Residential mortgage loans

�� 65,413 �� 66,808 �� 68,085 �� 68,909 �� 69,159

Automobile loans

�� 232 �� 263 �� 297 �� 334 �� 370
��

��

��

��

��

Total loans and leases serviced for others

�� 66,855 �� 68,254 �� 69,582 �� 70,483 �� 70,758
��

��

��

��

��

Total loans and leases serviced

�� $ 158,928 �� �� $ 160,251 �� �� $ 161,415 �� �� $ 161,682 �� �� $ 161,046 ��
��

��

��

��

��

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

29


Fifth Third Bancorp and Subsidiaries

Regulatory Capital(a)

$ in millions

(unaudited)

�� As of
�� December
2014
September
2014
June
2014
March
2014
December
2013

Tier I capital:

��

Bancorp shareholders� equity

�� 15,626 15,404 15,469 14,826 14,589

Goodwill and certain other intangibles

�� (2,476 )� (2,484 )� (2,484 )� (2,490 )� (2,492 )�

Unrealized (gains) losses

�� (429 )� (301 )� (382 )� (196 )� (82 )�

Qualifying trust preferred securities

�� 60 60 60 60 60

Other

�� (17 )� (18 )� (19 )� (18 )� 19
��

Total tier I capital

�� 12,764 12,661 12,644 12,182 12,094

Total risk-based capital:

��

Tier I capital

�� 12,764 12,661 12,644 12,182 12,094

Qualifying allowance for credit losses

�� 1,475 1,466 1,466 1,461 1,454

Qualifying subordinated notes

�� 2,657 2,637 2,635 2,713 2,883
��

Total risk-based capital

�� 16,896 16,764 16,745 16,356 16,431
��

Risk-weighted assets(b)

�� 117,887 116,917 117,117 116,622 115,969

Ratios:

��

Average shareholders� equity to average assets

�� 11.54 %� 11.71 %� 11.57 %� 11.53 %� 11.51 %�

Regulatory capital:

��

Fifth Third Bancorp

��

Tier I risk-based capital

�� 10.83 %� 10.83 %� 10.80 %� 10.45 %� 10.43 %�

Total risk-based capital

�� 14.33 %� 14.34 %� 14.30 %� 14.02 %� 14.17 %�

Tier I leverage

�� 9.66 %� 9.82 %� 9.86 %� 9.71 %� 9.73 %�

Tier I common equity(c)

�� 9.65 %� 9.64 %� 9.61 %� 9.51 %� 9.45 %�

Fifth Third Bank

��

Tier I risk-based capital

�� 11.85 %� 11.87 %� 11.79 %� 11.65 %� 11.59 %�

Total risk-based capital

�� 13.10 %� 13.12 %� 13.04 %� 12.91 %� 12.94 %�

Tier I leverage

�� 10.58 %� 10.77 %� 10.77 %� 10.84 %� 10.83 %�

(a) Current period regulatory capital data and ratios are estimated.
(b) Under the banking agencies� risk-based capital guidelines, assets and credit equivalent amounts of derivatives and off-balance sheet exposures are assigned to broad risk categories. The aggregate dollar amount in category is multiplied by the associated risk weight of the category. The resulting weighted values are added together resulting in the Bancorp�s total risk weighted assets.
(c) The tier I common equity ratio while not required by U.S. GAAP, is considered to be an important metric with which to analyze a bank�s position. The ratio has been included herein to facilitate a greater understanding of the Bancorp�s capital structure and financial condition.

30


Fifth Third Bancorp and Subsidiaries

Summary of Credit Loss Experience

$ in millions

(unaudited)

�� For the Three Months Ended
�� December
2014
September
2014
June
2014
March
2014
December
2013

Average loans and leases (excluding held for sale):

��

Commercial and industrial loans

�� $ 41,277 $ 41,477 $ 41,374 $ 40,377 $ 38,835

Commercial mortgage loans

�� 7,480 7,633 7,885 7,981 8,047

Commercial construction loans

�� 1,909 1,563 1,362 1,116 952

Commercial leases

�� 3,600 3,571 3,555 3,607 3,578

Residential mortgage loans

�� 13,046 12,785 12,611 12,659 12,609

Home equity

�� 8,937 9,009 9,101 9,194 9,296

Automobile loans

�� 12,073 12,105 12,070 12,023 12,019

Credit card

�� 2,324 2,295 2,232 2,230 2,202

Other consumer loans and leases

�� 395 361 359 343 357
��

Total average loans and leases (excluding held for sale)

�� $ 91,041 $ 90,799 $ 90,549 $ 89,530 $ 87,895
��

Losses charged off:

��

Commercial and industrial loans

�� ($50 )� ($62 )� ($36 )� ($100 )� ($78 )�

Commercial mortgage loans

�� (12 )� (10 )� (11 )� (5 )� (13 )�

Commercial construction loans

�� ��� ��� (8 )� (5 )� (4 )�

Commercial leases

�� (1 )� ��� ��� ��� ���

Residential mortgage loans

�� (97 )� (12 )� (11 )� (19 )� (15 )�

Home equity

�� (15 )� (18 )� (22 )� (20 )� (30 )�

Automobile loans

�� (11 )� (11 )� (10 )� (12 )� (11 )�

Credit card

�� (23 )� (26 )� (24 )� (22 )� (24 )�

Other consumer loans and leases

�� (6 )� (7 )� (5 )� (7 )� (8 )�
��

Total losses

�� (215 )� (146 )� (127 )� (190 )� (183 )�

Recoveries of losses previously charged off:

��

Commercial and industrial loans

�� 6 12 5 3 12

Commercial mortgage loans

�� 2 5 2 2 5

Commercial construction loans

�� ��� ��� ��� ��� ���

Commercial leases

�� ��� ��� ��� ��� ���

Residential mortgage loans

�� 3 3 3 4 2

Home equity

�� 4 4 4 4 4

Automobile loans

�� 4 4 5 4 5

Credit card

�� 3 3 3 3 3

Other consumer loans and leases

�� 2 ��� 4 2 4
��

Total recoveries

�� 24 31 26 22 35

Net losses charged off:

��

Commercial and industrial loans

�� (44 )� (50 )� (31 )� (97 )� (66 )�

Commercial mortgage loans

�� (10 )� (5 )� (9 )� (3 )� (8 )�

Commercial construction loans

�� ��� ��� (8 )� (5 )� (4 )�

Commercial leases

�� (1 )� ��� ��� ��� ���

Residential mortgage loans

�� (94 )� (9 )� (8 )� (15 )� (13 )�

Home equity

�� (11 )� (14 )� (18 )� (16 )� (26 )�

Automobile loans

�� (7 )� (7 )� (5 )� (8 )� (6 )�

Credit card

�� (20 )� (23 )� (21 )� (19 )� (21 )�

Other consumer loans and leases

�� (4 )� (7 )� (1 )� (5 )� (4 )�
��

Total net losses charged off

�� ($191 )� ($115 )� ($101 )� ($168 )� ($148 )�
��

Net charge-off ratios:

��

Commercial and industrial loans

�� 0.43 %� 0.48 %� 0.30 %� 0.97 %� 0.67 %�

Commercial mortgage loans

�� 0.53 %� 0.24 %� 0.44 %� 0.16 %� 0.40 %�

Commercial construction loans

�� (0.01 %)� (0.11 %)� 2.26 %� 1.66 %� 1.65 %�

Commercial leases

�� 0.06 %� 0.00 %� 0.00 %� (0.03 %)� (0.01 %)�

Residential mortgage loans

�� 2.87 %� 0.28 %� 0.24 %� 0.49 %� 0.39 %�

Home equity

�� 0.47 %� 0.63 %� 0.80 %� 0.72 %� 1.09 %�

Automobile loans

�� 0.22 %� 0.24 %� 0.15 %� 0.29 %� 0.20 %�

Credit card

�� 3.40 %� 3.89 %� 3.71 %� 3.41 %� 3.69 %�

Other consumer loans and leases

�� 4.57 %� 8.13 %� 4.08 %� 6.58 %� 6.03 %�
��

Total net charge-off ratio

�� 0.83 %� 0.50 %� 0.45 %� 0.76 %� 0.67 %�
��

31


Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

�� For the Three Months Ended
�� December
2014
September
2014
June
2014
March
2014
December
2013

Allowance for Credit Losses

��

Allowance for loan and lease losses, beginning

�� $ 1,414 $ 1,458 $ 1,483 $ 1,582 $ 1,677

Total net losses charged off

�� (191 )� (115 )� (101 )� (168 )� (148 )�

Provision for loan and lease losses

�� 99 71 76 69 53
��

Allowance for loan and lease losses, ending

�� $ 1,322 $ 1,414 $ 1,458 $ 1,483 $ 1,582

Reserve for unfunded commitments, beginning

�� $ 134 $ 142 $ 153 $ 162 $ 167

Provision (benefit) for unfunded commitments

�� 1 (8 )� (11 )� (9 )� (5 )�
��

Reserve for unfunded commitments, ending

�� $ 135 $ 134 $ 142 $ 153 $ 162
��

Components of allowance for credit losses:

��

Allowance for loan and lease losses

�� $ 1,322 $ 1,414 $ 1,458 $ 1,483 $ 1,582

Reserve for unfunded commitments

�� 135 134 142 153 162
��

Total allowance for credit losses

�� $ 1,457 $ 1,548 $ 1,600 $ 1,636 $ 1,744
��

Nonperforming Assets and Delinquent Loans

��

Nonaccrual portfolio loans and leases:

��

Commercial and industrial loans

�� $ 86 $ 102 $ 103 $ 153 $ 127

Commercial mortgage loans

�� 64 77 86 96 90

Commercial construction loans

�� ��� 2 3 3 10

Commercial leases

�� 3 3 2 3 3

Residential mortgage loans

�� 44 52 56 68 83

Home equity

�� 72 69 73 75 74

Automobile loans

�� ��� ��� ��� ��� ���

Other consumer loans and leases

�� ��� ��� ��� ��� ���
��

Total nonaccrual portfolio loans and leases (excludes restructured loans)

�� 269 305 323 398 387

Restructured loans�commercial (nonaccrual)

�� 214 201 202 209 228

Restructured loans�consumer (nonaccrual)

�� 96 114 115 126 136
��

Total nonaccrual portfolio loans and leases

�� 579 620 640 733 751

Repossessed property

�� 18 19 18 6 7

Other real estate owned(b)

�� 147 157 174 207 222
��

Total nonperforming assets(a)

�� 744 796 832 946 980

Nonaccrual loans held for sale

�� 24 4 5 3 6

Restructured loans�(nonaccrual) held for sale

�� 15 3 ��� ��� ���
��

Total nonperforming assets including loans held for sale

�� $ 783 $ 803 $ 837 $ 949 $ 986
��

Restructured portfolio consumer loans and leases (accrual)

�� $ 905 $ 1,610 $ 1,623 $ 1,682 $ 1,685

Restructured portfolio commercial loans and leases (accrual)

�� $ 844 $ 885 $ 914 $ 847 $ 869

Ninety days past due loans and leases:

��

Commercial and industrial loans

�� $ ��� $ ��� $ ��� $ 1 $ ���

Commercial mortgage loans

�� ��� 1 ��� ��� ���

Commercial construction loans

�� ��� ��� ��� ��� ���

Commercial leases

�� ��� ��� ��� ��� ���
��

Total commercial loans and leases

�� ��� 1 ��� 1 ���
��

Residential mortgage loans

�� 56 57 60 56 66

Home equity

�� ��� ��� ��� ��� ���

Automobile loans

�� 8 8 8 7 8

Credit card

�� 23 21 26 30 29

Other consumer loans and leases

�� ��� ��� ��� ��� ���
��

Total consumer loans and leases

�� 87 86 94 93 103
��

Total ninety days past due loans and leases(c)

�� $ 87 $ 87 $ 94 $ 94 $ 103
��

Ratios

��

Net losses charged off as a percent of average loans and leases

�� 0.83 %� 0.50 %� 0.45 %� 0.76 %� 0.67 %�

Allowance for loan and lease losses:

��

As a percent of portfolio loans and leases

�� 1.47 %� 1.56 %� 1.61 %� 1.65 %� 1.79 %�

As a percent of nonperforming loans and leases(a)

�� 228 %� 228 %� 228 %� 202 %� 211 %�

As a percent of nonperforming assets(a)

�� 178 %� 178 %� 175 %� 157 %� 161 %�

Nonperforming loans and leases as a percent of portfolio loans, leases and other assets , including other real estate owned(a)

�� 0.64 %� 0.68 %� 0.70 %� 0.82 %� 0.84 %�

Nonperforming assets as a percent of portfolio loans, leases and other assets, including other real estate owned(a)

�� 0.82 %� 0.88 %� 0.92 %� 1.05 %� 1.10 %�

Nonperforming assets as a percent of total loans, leases and other assets, including other real estate owned

�� 0.86 %� 0.88 %� 0.92 %� 1.05 %� 1.10 %�

Allowance for credit losses as a percent of nonperforming assets

�� 196 %� 195 %� 192 %� 173 %� 178 %�

(a) Does not include nonaccrual loans held for sale
(b) Excludes OREO related to government insured loans
(c) Does not include loans held for sale

32


Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ and shares in millions

(unaudited)

�� For the Three Months Ended
�� December
2014
September
2014
June
2014
March
2014
December
2013

Income before income taxes (U.S. GAAP)

�� $ 519 �� $ 464 �� $ 606 �� $ 438 �� $ 561 ��

Add: Provision expense (U.S. GAAP)

�� 99 71 76 69 53
��

Pre-provision net revenue

�� 618 535 682 507 614

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

�� 362 328 416 309 383

Add: Intangible amortization, net of tax

�� 1 1 1 1 1
��

Tangible net income available to common shareholders

�� 363 329 417 310 384

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

�� 1,440 1,305 1,673 1,257 1,523

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

�� 15,644 15,486 15,157 14,862 14,757

Less: Average preferred stock

�� (1,331 )� (1,331 )� (1,119 )� (1,034 )� (703 )�

Average goodwill

�� (2,416 )� (2,416 )� (2,416 )� (2,416 )� (2,416 )�

Average intangible assets and other servicing rights

�� (17 )� (16 )� (17 )� (19 )� (20 )�
��

Average tangible common equity (b)

�� 11,880 11,723 11,605 11,393 11,618

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

�� 15,626 15,404 15,469 14,826 14,589

Less: Preferred stock

�� (1,331 )� (1,331 )� (1,331 )� (1,034 )� (1,034 )�

Goodwill

�� (2,416 )� (2,416 )� (2,416 )� (2,416 )� (2,416 )�

Intangible assets and other servicing rights

�� (16 )� (16 )� (17 )� (18 )� (19 )�
��

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

�� 11,863 11,641 11,705 11,358 11,120

Less: Accumulated other comprehensive income

�� (429 )� (301 )� (382 )� (196 )� (82 )�
��

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

�� 11,434 11,340 11,323 11,162 11,038

Add: Preferred stock

�� 1,331 1,331 1,331 1,034 1,034
��

Tangible equity (e)

�� 12,765 12,671 12,654 12,196 12,072

Total assets (U.S. GAAP)

�� 138,706 134,188 132,562 129,654 130,443

Less: Goodwill

�� (2,416 )� (2,416 )� (2,416 )� (2,416 )� (2,416 )�

Intangible assets and other servicing rights

�� (16 )� (16 )� (17 )� (18 )� (19 )�
��

Tangible assets, including unrealized gains / losses (f)

�� 136,274 131,756 130,129 127,220 128,008

Less: Accumulated other comprehensive income / loss, before tax

�� (660 )� (463 )� (588 )� (302 )� (126 )�
��

Tangible assets, excluding unrealized gains / losses (g)

�� 135,614 131,293 129,541 126,918 127,882

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

�� 15,626 15,404 15,469 14,826 14,589

Goodwill and certain other intangibles

�� (2,476 )� (2,484 )� (2,484 )� (2,490 )� (2,492 )�

Unrealized gains

�� (429 )� (301 )� (382 )� (196 )� (82 )�

Qualifying trust preferred securities

�� 60 60 60 60 60

Other

�� (17 )� (18 )� (19 )� (18 )� 19
��

Tier I capital

�� 12,764 12,661 12,644 12,182 12,094

Less: Preferred stock

�� (1,331 )� (1,331 )� (1,331 )� (1,034 )� (1,034 )�

Qualifying trust preferred securities

�� (60 )� (60 )� (60 )� (60 )� (60 )�

Qualifying noncontrolling interests in consolidated subsidiaries

�� (1 )� (1 )� (1 )� (1 )� (37 )�
��

Tier I common equity (h)

�� 11,372 11,269 11,252 11,087 10,963

Common shares outstanding (i)

�� 824 834 844 848 855

Risk-weighted assets, determined in accordance with

��

prescribed regulatory requirements (j)

�� 117,887 116,917 117,117 116,622 115,969

Ratios:

��

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

�� 12.1 %� 11.1 %� 14.4 %� 11.0 %� 13.1 %�

Tangible equity (e)�/ (g)

�� 9.41 %� 9.65 %� 9.77 %� 9.61 %� 9.44 %�

Tangible common equity (excluding unrealized gains/losses) (d)�/ (g)

�� 8.43 %� 8.64 %� 8.74 %� 8.79 %� 8.63 %�

Tangible common equity (including unrealized gains/losses) (c)�/ (f)

�� 8.71 %� 8.84 %� 9.00 %� 8.93 %� 8.69 %�

Tangible common equity as a percent of risk-weighted assets (excluding unrealized gains/losses) (d) / (j)

�� 9.70 %� 9.70 %� 9.67 %� 9.57 %� 9.52 %�

Tangible book value per share (c)�/ (i)

�� $ 14.40 $ 13.95 $ 13.86 $ 13.40 $ 13.00

Tier I common equity (h)�/ (j)

�� 9.65 %� 9.64 %� 9.61 %� 9.51 %� 9.45 %�

Basel III-Estimated Tier I common equity ratio

��

�� December
2014
September
2014
June
2014
March
2014
December
2013

Tier I common equity (Basel I)

�� 11,372 11,269 11,252 11,087 10,963

Add: Adjustment related to capital components

�� 84 99 96 99 82
��

Estimated Tier I common equity under final Basel III rules without AOCI (opt out)(k)

�� 11,456 11,368 11,348 11,186 11,045

Add: Adjustment related to AOCI

�� 429 301 382 196 82
��

Estimated Tier I common equity under final Basel III rules with AOCI (non opt out)(l)

�� 11,885 11,669 11,730 11,382 11,127
��

Estimated risk-weighted assets under final Basel III rules (m)

�� 122,027 121,219 122,465 122,659 122,074
��

Estimated Tier I common equity ratio under final Basel III rules (opt out) (k)�/ (m)

�� 9.39 %� 9.38 %� 9.27 %� 9.12 %� 9.05 %�

Estimated Tier I common equity ratio under final Basel III rules (non opt out) (l)�/ (m)

�� 9.74 %� 9.63 %� 9.58 %� 9.28 %� 9.12 %�

(k)(l) Under the final Basel III rules, non-advanced approach banks are permitted to make a one-time election to opt out of the requirement to include AOCI in Tier I common equity. Other adjustments include mortgage servicing rights and deferred tax assets subject to threshold limitations and deferred tax liabilities related to intangible assets.
(m) Key differences under Basel III in the calculation of risk-weighted assets compared to Basel I include: (1)�Risk weighting for commitments under 1 year; (2)�Higher risk weighting for exposures to securitizations, past due loans, foreign banks and certain commercial real estate; (3)�Higher risk weighting for mortgage servicing rights and deferred tax assets that are under certain thresholds as a percent of Tier I capital; and (4)�Derivatives are differentiated between exchange clearing and over-the-counter and the 50% risk-weight cap is removed.

33


Fifth Third Bancorp and Subsidiaries

Segment Presentation

$ in millions

(unaudited)

For the three months ended December�31, 2014

�� Commercial
Banking
Branch
Banking
Consumer
Lending
Investment
Advisors
Other/
Eliminations
Total

Net interest income(a)

�� $ 427 $ 395 $ 64 $ 31 ($ 29 )� $ 888

Provision for loan and lease losses

�� (49 )� (40 )� (101 )� (1 )� 92 (99 )�
��

Net interest income after provision for loan and lease losses

�� 378 355 (37 )� 30 63 789

Total noninterest income

�� 239 186 69 102 57 653

Total noninterest expense

�� (331 )� (385 )� (107 )� (111 )� 16 (918 )�
��

Net income before taxes

�� 286 156 (75 )� 21 136 524

Applicable income taxes(a)

�� (58 )� (55 )� 26 (7 )� (45 )� (139 )�
��

Net income

�� 228 101 (49 )� 14 91 385

Net income attributable to noncontrolling interest

�� ��� ��� ��� ��� ��� ���
��

Net income attributable to Bancorp

�� 228 101 (49 )� 14 91 385

Dividends on preferred stock

�� ��� ��� ��� ��� 23 23
��

Net income available to common shareholders

�� $ 228 $ 101 ($ 49 )� $ 14 $ 68 $ 362
��

For the three months ended September�30, 2014

�� Commercial
Banking
Branch
Banking
Consumer
Lending
Investment
Advisors
Other/
Eliminations
Total

Net interest income(a)

�� $ 423 $ 389 $ 64 $ 30 $ 2 $ 908

Provision for loan and lease losses

�� (47 )� (50 )� (17 )� (1 )� 44 (71 )�
��

Net interest income after provision for loan and lease losses

�� 376 339 47 29 46 837

Total noninterest income

�� 218 194 70 102 (64 )� 520

Total noninterest expense

�� (322 )� (393 )� (115 )� (111 )� 53 (888 )�
��

Net income before taxes

�� 272 140 2 20 35 469

Applicable income taxes(a)

�� (55 )� (49 )� (1 )� (7 )� (17 )� (129 )�
��

Net income

�� 217 91 1 13 18 340

Net income attributable to noncontrolling interest

�� ��� ��� ��� ��� ��� ���
��

Net income attributable to Bancorp

�� 217 91 1 13 18 340

Dividends on preferred stock

�� ��� ��� ��� ��� 12 12
��

Net income available to common shareholders

�� $ 217 $ 91 $ 1 $ 13 $ 6 $ 328
��

For the three months ended June�30, 2014

�� Commercial
Banking
Branch
Banking
Consumer
Lending
Investment
Advisors
Other/
Eliminations
Total

Net interest income(a)

�� $ 414 $ 377 $ 65 $ 29 $ 20 $ 905

Provision for loan and lease losses

�� (40 )� (47 )� (13 )� (1 )� 25 (76 )�
��

Net interest income after provision for loan and lease losses

�� 374 330 52 28 45 829

Total noninterest income

�� 219 170 89 101 157 736

Total noninterest expense

�� (330 )� (384 )� (164 )� (111 )� 35 (954 )�
��

Net income before taxes

�� 263 116 (23 )� 18 237 611

Applicable income taxes(a)

�� (49 )� (41 )� 8 (6 )� (84 )� (172 )�
��

Net income

�� 214 75 (15 )� 12 153 439

Net income attributable to noncontrolling interest

�� ��� ��� ��� ��� ��� ���
��

Net income attributable to Bancorp

�� 214 75 (15 )� 12 153 439

Dividends on preferred stock

�� ��� ��� ��� ��� 23 23
��

Net income available to common shareholders

�� $ 214 $ 75 ($ 15 )� $ 12 $ 130 $ 416
��

For the three months ended March�31, 2014

�� Commercial
Banking
Branch
Banking
Consumer
Lending
Investment
Advisors
Other/
Eliminations
Total

Net interest income(a)

�� $ 409 $ 385 $ 64 $ 32 $ 8 $ 898

Provision for loan and lease losses

�� (97 )� (45 )� (25 )� ��� 98 (69 )�
��

Net interest income after provision for loan and lease losses

�� 312 340 39 32 106 829

Total noninterest income

�� 210 172 118 103 (39 )� 564

Total noninterest expense

�� (334 )� (390 )� (166 )� (110 )� 50 (950 )�
��

Net income before taxes

�� 188 122 (9 )� 25 117 443

Applicable income taxes(a)

�� (24 )� (42 )� 3 (8 )� (53 )� (124 )�
��

Net income

�� 164 80 (6 )� 17 64 319

Net income attributable to noncontrolling interest

�� ��� ��� ��� ��� 1 1
��

Net income attributable to Bancorp

�� 164 80 (6 )� 17 63 318

Dividends on preferred stock

�� ��� ��� ��� ��� 9 9
��

Net income available to common shareholders

�� $ 164 $ 80 ($ 6 )� $ 17 $ 54 $ 309
��

For the three months ended December�31, 2013(b)

�� Commercial
Banking
Branch
Banking
Consumer
Lending
Investment
Advisors
Other/
Eliminations
Total

Net interest income(a)

�� $ 426 $ 354 $ 66 $ 45 $ 14 $ 905

Provision for loan and lease losses

�� (73 )� (54 )� (21 )� ��� 95 (53 )�
��

Net interest income after provision for loan and lease losses

�� 353 300 45 45 109 852

Total noninterest income

�� 201 187 133 100 82 703

Total noninterest expense

�� (323 )� (397 )� (130 )� (108 )� (31 )� (989 )�
��

Net income before taxes

�� 231 90 48 37 160 566

Applicable income taxes(a)

�� (42 )� (32 )� (16 )� (13 )� (61 )� (164 )�
��

Net income

�� 189 58 32 24 99 402

Net income attributable to noncontrolling interest

�� ��� ��� ��� ��� ��� ���
��

Net income attributable to Bancorp

�� 189 58 32 24 99 402

Dividends on preferred stock

�� ��� ��� ��� ��� 19 19
��

Net income available to common shareholders

�� $ 189 $ 58 $ 32 $ 24 $ 80 $ 383
��

(a) Includes taxable equivalent adjustments of $5 million from the three months ended December�31, 2014, $5 million for the three months ended September�30, 2014, $5 million for the three months ended June�30, 2014, $5 million for the three months ended March�31, 2014 and $5 million for the three months ended December�31, 2013.
(b) Prior period balances have been adjusted for changes in the structure of the reporting units.

34

Fifth Third Bank | All Rights Reserved
4Q14 Earnings Conference Call
January 21, 2015
Refer to earnings release dated January 21, 2015 for further information.
Exhibit 99.2


2
Fifth Third Bank | All Rights Reserved
Cautionary statement
This
report
contains
statements
that
we
believe
are
�forward-looking
statements�
within
the
meaning
of
Section
27A
of
the
Securities
Act
of
1933,
as
amended,
and
Rule
175
promulgated
thereunder,
and
Section
21E
of
the
Securities
Exchange
Act
of
1934,
as
amended,
and
Rule
3b-6
promulgated
thereunder.
These
statements
relate
to
our
financial
condition,
results
of
operations,
plans,
objectives,
future
performance
or
business.
They
usually
can
be
identified
by
the
use
of
forward-looking
language
such
as
�will
likely
result,�
�may,�
�are
expected
to,�
�is
anticipated,�
�estimate,�
�forecast,�
�projected,�
�intends
to,�
or
may
include
other
similar
words
or
phrases
such
as
�believes,�
�plans,�
�trend,�
�objective,�
�continue,�
�remain,�
or
similar
expressions,
or
future
or
conditional
verbs
such
as
�will,�
�would,�
�should,�
�could,�
�might,�
�can,�
or
similar
verbs.
You
should
not
place
undue
reliance
on
these
statements,
as
they
are
subject
to
risks
and
uncertainties,
including
but
not
limited
to
the
risk
factors
set
forth
in
our
most
recent
Annual
Report
on
Form
10-K
as
updated
by
our
Quarterly
Reports
on
Form
10-Q.
When
considering
these
forward-looking
statements,
you
should
keep
in
mind
these
risks
and
uncertainties,
as
well
as
any
cautionary
statements
we
may
make.
Moreover,
you
should
treat
these
statements
as
speaking
only
as
of
the
date
they
are
made
and
based
only
on
information
then
actually
known
to
us.
There
are
a
number
of
important
factors
that
could
cause
future
results
to
differ
materially
from
historical
performance
and
these
forward-
looking
statements.
Factors
that
might
cause
such
a
difference
include,
but
are
not
limited
to:
(1)
general
economic
conditions
and
weakening
in
the
economy,
specifically
the
real
estate
market,
either
nationally
or
in
the
states
in
which
Fifth
Third,
one
or
more
acquired
entities
and/or
the
combined
company
do
business,
are
less
favorable
than
expected;
(2)
deteriorating
credit
quality;
(3)
political
developments,
wars
or
other
hostilities
may
disrupt
or
increase
volatility
in
securities
markets
or
other
economic
conditions;
(4)
changes
in
the
interest
rate
environment
reduce
interest
margins;
(5)
prepayment
speeds,
loan
origination
and
sale
volumes,
charge-offs
and
loan
loss
provisions;
(6)
Fifth
Third�s
ability
to
maintain
required
capital
levels
and
adequate
sources
of
funding
and
liquidity;
(7)
maintaining
capital
requirements
and
adequate
sources
of
funding
and
liquidity
may
limit
Fifth
Third�s
operations
and
potential
growth;
(8)
changes
and
trends
in
capital
markets;
(9)
problems
encountered
by
larger
or
similar
financial
institutions
may
adversely
affect
the
banking
industry
and/or
Fifth
Third;
(10)
competitive
pressures
among
depository
institutions
increase
significantly;
(11)
effects
of
critical
accounting
policies
and
judgments;
(12)
changes
in
accounting
policies
or
procedures
as
may
be
required
by
the
Financial
Accounting
Standards
Board
(FASB)
or
other
regulatory
agencies;
(13)
legislative
or
regulatory
changes
or
actions,
or
significant
litigation,
adversely
affect
Fifth
Third,
one
or
more
acquired
entities
and/or
the
combined
company
or
the
businesses
in
which
Fifth
Third,
one
or
more
acquired
entities
and/or
the
combined
company
are
engaged,
including
the
Dodd-Frank
Wall
Street
Reform
and
Consumer
Protection
Act;
(14)
ability
to
maintain
favorable
ratings
from
rating
agencies;
(15)
fluctuation
of
Fifth
Third�s
stock
price;
(16)
ability
to
attract
and
retain
key
personnel;
(17)
ability
to
receive
dividends
from
its
subsidiaries;
(18)
potentially
dilutive
effect
of
future
acquisitions
on
current
shareholders�
ownership
of
Fifth
Third;
(19)
effects
of
accounting
or
financial
results
of
one
or
more
acquired
entities;
(20)
difficulties
from
Fifth
Third�s
investment
in,
relationship
with,
and
nature
of
the
operations
of
Vantiv,
LLC;
(21)
loss
of
income
from
any
sale
or
potential
sale
of
businesses
that
could
have
an
adverse
effect
on
Fifth
Third�s
earnings
and
future
growth;
(22)
ability
to
secure
confidential
information
and
deliver
products
and
services
through
the
use
of
computer
systems
and
telecommunications
networks;
and
(23)
the
impact
of
reputational
risk
created
by
these
developments
on
such
matters
as
business
generation
and
retention,
funding
and
liquidity.
You
should
refer
to
our
periodic
and
current
reports
filed
with
the
Securities
and
Exchange
Commission,
or
�SEC,�
for
further
information
on
other
factors,
which
could
cause
actual
results
to
be
significantly
different
from
those
expressed
or
implied
by
these
forward-looking
statements.


3
Fifth Third Bank | All Rights Reserved
4Q14 in review
Balancing current earnings results with prudent decisions to increase long-term shareholder value
($ in millions)
4Q14
Seq.
YOY
Average Balances
Total loans & leases
1
$91,041
$242
$3,146
Core deposits
$96,350
$3,190
$7,081
Income Statement Data
Net interest income (taxable equivalent)
$888
(2%)
(2%)
Provision for loan and lease losses
99
40%
87%
Noninterest income
653
26%
(7%)
Noninterest expense
918
3%
(7%)
Net income attributable to Bancorp
$385
13%
(4%)
Net income available to common
shareholders
$362
10%
(6%)
Financial Ratios
Earnings per share, diluted
0.43
10%
-
Net interest margin
2.96%
(14bps)
(25bps)
Efficiency ratio
59.6%
(250bps)
(190bps)
Return on average assets
1.13%
11bps
(11bps)
Return on avg common equity
10.0%
80bps
(80bps)
Return
on
avg
tangible
common
equity
2
12.1%
100bps
(100bps)
Tangible
book
value
per
share
2
$14.40
3%
11%
Note:
The
percentages
in
all
of
the
tables
in
this
presentation
are
calculated
on
actual
dollar
amounts
and
not
the
rounded
dollar
amounts.
1
Excludes loans held-for-sale
2
Non-GAAP measure; see Reg. G reconciliation in appendix
Significant pre-tax items in 4Q14 results:
$56MM positive valuation
adjustment on Vantiv warrant
$23MM of provision expense related
to the transfer of $720MM
residential mortgage TDRs to held-
for-sale
$19MM negative valuation
adjustment on Visa total return
swap
2014 operating results reflect core
deposit growth, conservative lending,
and well-controlled expenses
Credit quality continues to improve
Excluding $87MM of NCOs related
to TDR transfer, NCOs down 10%
compared with 3Q14
NPAs down 7% compared with
3Q14
Strong capital ratios; tangible book
value per share
up 11% from 4Q13


4
Fifth Third Bank | All Rights Reserved
Balance sheet
Loan balances ($B)
Continuing to target prudent risk/reward
profile in lending
Average commercial loans flat
sequentially and up 6% year-over-year
Year-over-year commercial loan
growth driven primarily by C&I and
commercial construction, partially
offset by lower commercial mortgage
End of period commercial line
utilization 32%; flat sequentially
Consumer loan growth driven by
residential mortgage and bankcard
Average transaction deposits up $3.1
billion sequentially with increases in
money market, demand, and interest
checking deposit balances
Consumer average transaction
deposits up 2% sequentially and up
6% year-over-year
Commercial average transaction
deposits up 5% sequentially and up
10% year-over-year
Core deposit to loan ratio of 106%
Average core deposit balances ($B)
Average securities up $4.0B from 4Q13
Securities portfolio / total assets of 16.5%
in 4Q14, up from 14.7% a year ago
End of period short-term investments
increased $4.3B sequentially, reflecting
higher cash balances held at the Federal
Reserve
Average securities and short-term
investments ($B)


5
Fifth Third Bank | All Rights Reserved
Net interest income
NII and NIM (FTE)
Net interest income down $20MM from 3Q14
Decrease driven by the effects of loan repricing and higher interest expense from 3Q14 debt issuance,
partially offset by the benefit of loan growth
Sequential decline in asset yield lowest we have seen in 2014
NIM decreased 14 bps sequentially reflecting elevated cash balances
Year-over-year NII decreased $17MM and NIM decreased 25 bps
NII decrease driven by loan repricing and debt issuances, partially offset by higher investment securities and
loan balances
NIM decrease due to the impact of loan repricing
Expect lower 1Q15 NII, reflecting decline related to changes to deposit advance product and negative impact
from lower day count
Yield Analysis
4Q13
3Q14
4Q14
Seq.
(bps)
YoY
(bps)
Commercial and industrial loans
3.46%
3.25%
3.21%
(4)
(25)
Commercial mortgage loans
3.53%
3.34%
3.28%
(6)
(25)
Commercial construction loans
3.46%
3.49%
3.30%
(19)
(16)
Commercial leases
3.10%
2.96%
2.96%
-
(14)
Residential mortgage loans
3.88%
3.84%
3.80%
(4)
(8)
Home equity
3.62%
3.69%
3.68%
(1)
6
Automobile loans
2.96%
2.72%
2.73%
1
(23)
Credit card
9.90%
9.87%
10.08%
21
18
Other consumer loans and leases
43.19%
36.98%
31.97%
(501)
(1,122)
Total loans and leases
3.79%
3.61%
3.58%
(3)
(21)
Taxable securities
3.32%
3.32%
3.28%
(4)
(4)
Tax exempt securities
5.65%
5.34%
4.42%
(92)
(123)
Other short-term investments
0.26%
0.26%
0.26%
-
-
Total interest-earning assets
3.57%
3.49%
3.38%
(11)
(19)
Total interest-bearing liabilities
0.52%
0.56%
0.61%
5
9
Net interest rate spread
3.05%
2.93%
2.77%
(16)
(28)


6
Fifth Third Bank | All Rights Reserved
4Q14 and 4Q13 include $23MM and $9MM, respectively, of
payments received from Vantiv pursuant to TRA
Expect lower 1Q15 fee income due to seasonal impacts on
deposit service charges and card and processing revenue
and the absence of the Vantiv TRA payment
4Q14
Seq.
YOY
($ in millions)
Service charges on deposits
$142
(2%)
-
Corporate banking revenue
120
20%
27%
Mortgage banking net revenue
61
-
(51%)
Investment advisory revenue
100
(2%)
2%
Card and processing revenue
76
2%
7%
Other noninterest income
1
150
NM
(13%)
Securities gains, net
4
15%
NM
Securities gains (losses), net -
-
-
-
non-qualifying hedges on MSRs
Total noninterest income
$653
26%
(7%)
Noninterest income
1
Net credit-related costs recognized in other noninterest income were� $1MM in 4Q14. This compares with immaterial net credit-related costs in 3Q14, $4MM in 2Q14, $10MM in 1Q14, and
$5MM in 4Q13.
Compared with 3Q14
Corporate banking revenue results driven by higher
syndication, business lending, and foreign exchange fees
Retail service changes on deposits decreased due to a
decrease in overdraft occurrences
Compared with 4Q13
Decrease in mortgage banking results reflect lower
production, partially due to exiting broker channel in early
2014
Card and processing revenue reflects greater card
utilization and higher consumer purchase volume
Investment advisory revenue reflects increase in personal
asset management fees
4Q13
1Q14
2Q14
3Q14
4Q14
Reported noninterest income
$703
$564
$736
$520
$653
Gain on sale of Vantiv shares
-
-
(125)
-
-
Vantiv warrant valuation
(91)
36
(63)
53
(56)
Other Vantiv-related items
-
-
12
-
-
Valuation of Visa total return swap
18
(1)
16
3
19
Land valuation adjustments
-
-
17
-
-
Securities (gains) / losses
(2)
(7)
(8)
(3)
(4)
Adjusted noninterest income
$628
$592
$585
$573
$612
Components of noninterest income
5 quarter trend ($MM)
Adjustments to remove (benefit) / detriment


7
Fifth Third Bank | All Rights Reserved
Noninterest expense
1
Net
credit-related
costs
recognized
in
other
noninterest
expense
were
$33MM
in
4Q14.
This
compares
with
net
credit-related
costs
of
$13MM
in
3Q14,
$6MM
in
2Q14,
$9MM
in
1Q14,
and
($12MM)
in
4Q13.
Expenses increased sequentially due to higher
credit-related
costs
and personnel expenses
7% year-over-year decline reflects impact of credit-
related costsin both periods, as well as lower
employee-related costs
Retail FTE down 10% from 4Q13 as branch roles
are consolidated and redefined
Expect higher 1Q15 expenses primarily due to
seasonally higher FICA and unemployment expense
4Q14
Seq.
YOY
($ in millions)
Salaries, wages and incentives
$366
3%
(6%)
Employee benefits
79
5%
1%
Net occupancy expense
77
(1%)
-
Technology and communications
54
2%
2%
Equipment expense
30
-
3%
Card and processing expense
36
(1%)
(2%)
Other noninterest expense
276
7%
(16%)
Total noninterest expense
$918
3%
(7%)
4Q13
1Q14
2Q14
3Q14
4Q14
Reported noninterest expense
$989
$950
$954
$888
$918
Litigation reserve charges
(69)
(51)
(61)
(4)
3
Severance expense
(8)
(4)
(1)
(2)
(6)
Debt extinguishment costs
(8)
-
-
-
-
Donation to Fifth Third Foundation
(8)
-
-
-
-
Adjusted noninterest expense
$896
$895
$892
$882
$915
5 quarter trend ($MM)
Components of noninterest expense
Adjustments to remove benefit / (detriment)


8
Fifth Third Bank | All Rights Reserved
($ in millions)
4Q13
1Q14
2Q14
3Q14
4Q14
Income before income taxes (U.S. GAAP) (a)
$561
$438
$606
$464
$519
Add: Provision expense (U.S. GAAP) (b)
53
69
76
71
99
PPNR (a) + (b)
$614
$507
$682
$535
$618
Adjustments
to
remove
(benefit)
/
detriment
:
2
In
noninterest
income:
Gain from sales of Vantiv shares
-
-
(125)
-
-
Vantiv warrant valuation
(91)
36
(63)
53
(56)
Reduction in equity method income from interest in Vantiv
-
-
12
-
-
Land valuation adjusments
-
-
17
-
-
Valuation of 2009 Visa total return swap
18
(1)
16
3
19
Securities (gains) / losses
(2)
(7)
(8)
(3)
(4)
In
noninterest
expense:
Debt extinguishment (gains) / losses
8
-
-
-
-
Severance expense
8
4
1
2
6
Donation to Fifth Third Foundation
8
-
-
-
-
Litigation reserve charges
69
51
61
4
(3)
Adjusted PPNR
$632
$590
$593
$594
$580
Credit-related items:
In noninterest income
5
10
4
(0)
1
In noninterest expense
(12)
9
6
13
33
Credit-adjusted PPNR
$625
$609
$603
$607
$614
Pre-tax pre-provision earnings
1
PPNR trend
1
Non-GAAP
measure;
see
Reg.
G
reconciliation
in
appendix.
2
Prior
quarters
include
similar
adjustments.
3
There
are
limitations
on
the
usefulness
of
credit-adjusted
PPNR,
including
the
significant
degree
to
which
changes
in
credit
and
fair
value
are
integral,
recurring
components
of
the
Bancorp�s
core
operations
as
a
financial
institution.
This
measure
has
been
included
herein
to
facilitate
a
greater
understanding
of
the
Bancorp�s
financial
condition.
Note:
4Q14
included
an
immaterial
amount
of
mortgage
repurchase
provision.
3Q14,
2Q14,
and
1Q14
included
the
impact
of
$3MM,
$1MM,
and
$3MM,
respectively
in
mortgage
repurchase
provision.
4Q13
included
a
benefit
to
the
mortgage
repurchase
provision
of
$26MM.
These
impacts
are
reflected
in
�Credit-related
items�
and
�Adjusted
Efficiency
Ratio�
listed
above.
PPNR increased 16% sequentially, reflecting
impact of $38MM in net benefit in 4Q14 and
$59MM in net detriment in 3Q14 from significant
items. Excluding those items, adjusted PPNR
decreased 2% sequentially, reflecting higher
expense, partially offset by the $23MM Vantiv
TRA payment.
PPNR reconciliation
Efficiency ratio


9
Fifth Third Bank | All Rights Reserved
Credit quality overview
Net charge-offs ($MM)
$148
$101
NCO ratio
0.67%
0.76%
0.45%
0.50%
0.83%
$168
HFI Nonperforming assets ($MM)
$796
$744
$980
$832
$946
NPAs down 24% from 4Q13;
lowest level since 2007
Reserve Coverage
Accruing Past Due ($MM)
$379
$337
$337
Includes 4Q14 provision expense of $99MM, reflecting $23MM
impact of TDR transaction;
reserve coverage levels remain solid
Total delinquencies declined 11% from 4Q13
NPA ratio�� 1.10%������������ 1.05%����������� 0.92%������������ 0.88%�����
0.82%���
Excluding TDR transfer, net charge-offs down 10% sequentially
$115
$366
$191
$337


10
Fifth Third Bank | All Rights Reserved
Strong capital position
1
Non-GAAP
measure;
See
Reg.
G
reconciliation
in
appendix.
2
Capital
ratios
estimated;
presented
under
current
U.S.
capital
regulations.
The
pro
forma
Basel
III
Tier
I
common
equity
ratio
is
management�s
estimate
based
upon
its
current
interpretation
of
the
Basel
III
Final
Rule
approved
in
July
2013.
3
1Q15
end
of
period
and
average
share
impacts
reflect
settlement
of
the
$180MM
share
repurchase
transaction
as
described
in
the
Form
8-K
filed
on
January
5, 2015.
Tier 1 common equity
1
Avg. Diluted Shares Outstanding (MM)
Returned $1.1 billion to common shareholders in
2014 in dividends and share repurchases
2014 CCAR plan included the potential repurchase of
common shares in an amount up to $669MM
Announced $180MM of share repurchases in
4Q14; completed on 1/5/15
3
2015 CCAR submitted in early January; capital plan
subject to regulatory non-objection
EOP share impact
(MM)
Average share impact
(MM)
3Q14
4Q14
1Q15
3Q14
4Q14
1Q15
$150MM ASR
1.0
-
-
2.8
0.2�
-
$225MM ASR
9.4
1.9
-
7.0
4.0
0.3
$180MM ASR
3
-
8.3
0.8
-
6.3
2.7
10.4
10.2
0.8
9.8
10.5
3.0
Capital Actions
Impact of Share Repurchases
9.5%
9.5%
9.6%
9.6%
2
9.7%
and
Tangible
Book
Value
per
share
1


11
Fifth Third Bank | All Rights Reserved
Appendix


12
Fifth Third Bank | All Rights Reserved
Mortgage banking results
$1.7B in originations; 57% purchase volume
Discontinued broker channel originations in 1Q14
4Q14 mortgage drivers:
Origination fees and gain on sale revenue up $1.4MM
Gain on sale margin up 60 bps sequentially
Retaining conforming ARMs and shorter-term fixed-rate production on balance sheet
MSR valuation adjustments of negative $2MM; servicing rights amortization of negative $32MM
$60MM in gross servicing fees
Mortgage originations ($B) and gain on sale margin
Mortgage Banking Net Revenue ($MM)
Note: Numbers may not sum due to rounding.
1
Gain on sale margin represents gains on all loans originated for sale.
$61
$78
$126
$109
1
$61


13
Available and contingent borrowing capacity
(4Q14):
FHLB ~$14.3B available
Federal Reserve ~$27.4B
Holding Company cash at 12/31/14: $2.4B
Cash currently sufficient to satisfy all fixed
obligations in a stressed environment for over
24 months (debt maturities, common and
preferred dividends, interest and other
expenses) without accessing capital markets,
relying on future dividends from subsidiaries,
or any other discretionary actions
Holding company unsecured debt maturities ($MM)
Bank
unsecured
debt
maturities
($MM
excl.
Brokered
CDs)
Heavily core funded
Strong liquidity profile
S-T
wholesale
2%
Fifth Third Bank | All Rights Reserved


14
Fifth Third Bank | All Rights Reserved
Interest rate risk management
1
Repricing
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.
2
Actual
results
may
vary
from
these
simulated
results
due
to
timing,
magnitude,
and
frequency
of
interest
rate
changes,
as
well
as
changes
in
market
conditions
and
management
strategies.
Strategically
positioned
balance
sheet
to
limit
risk
to
downside
rate
scenarios
Balance sheet is well positioned for a rising rate environment
64% of total loans are floating rate (81% of commercial and 39% of consumer)
Investment portfolio duration of approximately 5 years
Short-term wholesale funding represents only 2% of total funding
$16B in wholesale funding will reprice beyond 1 year
Interest rate sensitivities are based on conservative deposit assumptions
Weighted-average deposit beta of 70% (2004 �
2006 cycle betas ~50%)
1
No modeled lag in deposit repricing
Modeled DDA runoff of approximately $2.5B (approximately 8%) for
each 100 bps increase in rates
For every $1B of incremental DDA runoff beyond what is modeled, asset sensitivity decreases:
15 bps in year 1 and 28 bps in year 2 in a 100 bps ramp
35 bps in both year 1 and year 2 in a 100 bps shock
Forecasted balances represent our current
expectations regarding balance sheet trends
Static balances assume current composition of
balance sheet remains constant
In ramp scenarios, rate changes occur evenly over
the first four quarters
In shock scenarios, rate changes are instantaneous
+100 bps
+200 bps
+100 bps
+200 bps
NII - Asset Sensitivity
Forecast Balances
Static Balances
Year 1
1.2%
2.2%
1.0%
2.0%
Year 2
4.2%
6.5%
4.2%
6.5%
Year 1
3.4%
6.3%
3.1%
5.8%
Year 2
6.1%
10.0%
6.2%
10.1%
+100 bps
+200 bps
(0.6%)
(2.2%)
EVE at Risk


15
Fifth Third Bank | All Rights Reserved
NPL rollforward
NPL HFI Rollforward
Commercial
4Q13
1Q14
2Q14
3Q14
4Q14
521
458
464
396
385
Transfers to nonperforming
107
164
141
116
99
Transfers to performing
(1)
(2)
(20)
-
-
Transfers to performing (restructured)
(2)
(1)
(47)
-
(1)
Transfers from held for sale
-
-
-
-
-
Transfers to held for sale
-
-
(1)
(3)
-
Loans sold from portfolio
(19)
(2)
(24)
(12)
(5)
Loan paydowns/payoffs
(61)
(43)
(54)
(39)
(45)
Transfers to other real estate owned
(12)
(7)
(18)
(9)
(7)
Charge-offs
(78)
(105)
(46)
(66)
(62)
Draws/other extensions of credit
3
2
1
2
3
458
464
396
385
367
Consumer
4Q13
1Q14
2Q14
3Q14
4Q14
248
293
269
244
235
Transfers to nonperforming
165
93
85
90
86
Transfers to performing
(25)
(28)
(24)
(15)
(14)
Transfers to performing (restructured)
(22)
(22)
(20)
(25)
(19)
Transfers to held for sale
-
-
-
-
(24)
Loans sold from portfolio
-
-
-
-
-
Loan paydowns/payoffs
(24)
(29)
(11)
(5)
(5)
Transfers to OREO/other repossessed property
(20)
(24)
(24)
(21)
(20)
Charge-offs
(30)
(15)
(30)
(33)
(27)
Draws/other extensions of credit
1
1
(1)
-
-
293
269
244
235
212
Total NPL
751
733
640
620
579
272
257
226
206
185
Beginning NPL amount
Ending Commercial NPL
Beginning NPL amount
Ending Consumer NPL
Total new nonaccrual loans - HFI


16
Commercial & industrial
Loans by geography
Credit trends
Loans by industry
Comments
Commercial & industrial loans represented 45% of total loans
and 23% of net charge-offs
C&I loans were down 1% sequentially and increased 4% since
4Q13
* Excludes loans held-for-sale.
($ in millions)
4Q13
1Q14
2Q14
3Q14
4Q14
EOP Balance*
$39,316
$40,591
$41,299
$41,072
$40,765
Avg Loans*
$38,835
$40,377
$41,374
$41,477
$41,277
90+ days delinquent
-
$1
-
-
-
as % of loans
NM
NM
NM
NM
NM
NPAs*
$290
$304
$265
$278
$246
as % of loans
0.74%
0.75%
0.64%
0.68%
0.60%
Net charge-offs
$66
$97
$31
$50
$44
as % of loans
0.67%
0.97%
0.30%
0.48%
0.43%
C&I
Fifth Third Bank | All Rights Reserved


17
Commercial real estate
Loans by geography
Credit trends
Loans by industry
Comments
Commercial mortgage loans represented 8% of total loans
Non-owner occupied 4Q14 NCO ratio of 1.1%
Loans from FL/MI represented 34% of portfolio loans
and $8MM of portfolio losses in 4Q14
Commercial construction loans represented 2% of total loans
Portfolio focused on large professional developers
Top 3 categories:� Apartments, REIT, and office
* Excludes loans held-for-sale.
($ in millions)
4Q13
1Q14
2Q14
3Q14
4Q14
EOP Balance*
$1,039
$1,218
$1,424
$1,702
$2,069
Avg Loans*
$952
$1,116
$1,362
$1,563
$1,909
NPAs*
$59
$46
$31
$19
$16
as % of loans
5.53%
3.68%
2.17%
1.09%
0.75%
Net charge-offs
$4
$5
$8
-
-
as % of loans
1.65%
1.66%
2.26%
(0.11%)
(0.01%)
Commercial construction
($ in millions)
4Q13
1Q14
2Q14
3Q14
4Q14
EOP Balance*
$8,066
$7,958
$7,805
$7,564
$7,399
Avg Loans*
$8,047
$7,981
$7,885
$7,633
$7,480
NPAs*
$252
$240
$212
$186
$195
as % of loans
3.09%
2.98%
2.69%
2.43%
2.62%
Net charge-offs
$8
$3
$9
$5
$10
as % of loans
0.40%
0.16%
0.44%
0.24%
0.53%
Commercial mortgage
Fifth Third Bank | All Rights Reserved


18
Fifth Third Bank | All Rights Reserved
Residential mortgage
1
st
liens: 100%; weighted average LTV: 73.5%
Weighted average origination FICO: 754
Origination FICO distribution:� <660 5%; 660-689 5%; 690-719 9%;
720-749 14%; 750+ 61%; Other^ 6%
(note: loans <660 includes CRA loans and FHA/VA loans)
Origination LTV distribution: <=70 39%; 70.1-80 36%; 80.1-90 7%;
90.1-95 5%; >95 13%
Vintage distribution: 2014: 18%, 2013: 21%; 2012 21%; 2011 12%;
2010 7%; 2009 4%; 2008 3%; 2007 3%; 2006 3%; 2005 4%; 2004
and prior 4%
15%
originated
through
3
rd
party;
performance
similar
to
direct
Loans by geography
Credit trends
Portfolio details
Comments
^ Includes acquired loans where FICO at origination is not available
* Excludes loans held-for-sale
Residential
mortgage
loans
represented
14%
of
total
loans
and
49% of net charge-offs; 7% excluding TDR transaction
Net charge-offs increased by $85MM in 4Q14 and included
$87MM related to the transfer of TDRs to held-for-sale
OH, FL, and MI account for 30%, 22%, and 19% of
residential mortgage net charge-offs, respectively
($ in millions)
4Q13
1Q14
2Q14
3Q14
4Q14
EOP Balance*
$12,680
$12,626
$12,652
$12,941
$12,389
Avg Loans*
$12,609
$12,659
$12,611
$12,785
$13,046
90+ days delinquent
$66
$56
$60
$57
$55
as % of loans
0.52%
0.44%
0.47%
0.44%
0.44%
NPAs*
$223
$201
$172
$164
$126
as % of loans
1.76%
1.59%
1.36%
1.27%
1.01%
Net charge-offs
$13
$15
$8
$9
$94
as % of loans
0.39%
0.49%
0.24%
0.28%
2.87%
Residential mortgage


19
Fifth Third Bank | All Rights Reserved
Home equity loans represented 10% of total loans and 6% of net
charge-offs
Approximately 12% of portfolio in broker product generated 25% total
loss
38%
of
Fifth
Third
2
nd
liens
are
behind
Fifth
Third
1
st
liens
2005/2006 vintages represent approximately 23% of portfolio; account
for 48% of losses
Home equity
1
st
liens: 34%; 2
nd
liens: 66%�
Weighted average origination FICO: 753
Origination FICO distribution^: <660 3%; 660-689 7%; 690-719 12%;
720-749 16%; 750+ 54%; Other 8%
Average CLTV: 72%; Origination CLTV distribution: <=70 41%; 70.1-
80 24%; 80.1-90 18%; 90.1-95 6%; >95 11%
Vintage distribution: 2014: 8%, 2013: 6%; 2012 4%; 2011 3%; 2010
2%; 2009 3%; 2008 9%; 2007 9%; 2006 12%; 2005 11%; 2004 and
prior 33%
% through broker channels: 12% WA FICO: 734 brokered, 756 direct;
WA CLTV: 88% brokered; 70% direct
Portfolio details
Comments
Brokered loans by geography
Direct loans by geography
Credit trends
Note:
Brokered
and
direct
home
equity
net
charge-off
ratios
are
calculated
based
on
end
of
period
loan
balances
^
Includes
acquired
loans
where
FICO
at
origination
is
not
available
*
Excludes
loans
held-for-sale
($ in millions)
4Q13
1Q14
2Q14
3Q14
4Q14
EOP Balance*
$1,190
$1,155
$1,131
$1,094
$1,062
90+ days delinquent
-
-
-
-
-
as % of loans
NM
NM
NM
NM
NM
Net charge-offs
$8
$5
$7
$4
$3
as % of loans
2.81%
1.85%
2.35%
1.42%
1.05%
Home equity - brokered
($ in millions)
4Q13
1Q14
2Q14
3Q14
4Q14
EOP Balance*
$8,056
$7,970
$7,925
$7,893
$7,824
90+ days delinquent
-
-
-
-
-
as % of loans
NM
NM
NM
NM
NM
Net charge-offs
$18
$11
$11
$10
$8
as % of loans
0.87%
0.55%
0.58%
0.51%
0.42%
Home equity - direct


20
Fifth Third Bank | All Rights Reserved
Regulation G Non-GAAP reconciliation
Fifth Third Bancorp and Subsidiaries
Regulation G Non-GAAP Reconcilation
$ and shares in millions
(unaudited)
December
September
June
March
December
2014
2014
2014
2014
2013�
Income before income taxes (U.S. GAAP)
519
����������������� ���������
464
����������������� ���������
606
����������������� ���������
438
����������������� ���������
561
����������������� ���������
Add:
Provision expense (U.S. GAAP)
99
����������������� �����������
71�
76�
69�
53�
Pre-provision net revenue
618�
535�
682�
507�
614�
Net income available to common shareholders (U.S. GAAP)
362�
328�
416�
309�
383�
Add:
Intangible amortization, net of tax
1�
1�
1�
1�
1�
Tangible net income available to common shareholders
363�
329�
417�
310�
384�
Tangible net income available to common shareholders (annualized) (a)
1,440�
1,305�
1,673�
1,257�
1,523�
Average Bancorp shareholders' equity (U.S. GAAP)
15,644�
15,486�
15,157�
14,862�
14,757�
Less:
Average preferred stock
(1,331)
����������������� ����
(1,331)
����������������� ����
(1,119)
����������������� ����
(1,034)
����������������� ����
(703)
����������������� �������
Average goodwill
(2,416)
����������������� ����
(2,416)
����������������� ����
(2,416)
����������������� ����
(2,416)
����������������� ����
(2,416)
����������������� ����
Average intangible assets and other servicing rights
(17)
����������������� ����������
(16)
����������������� ����������
(17)
����������������� ����������
(19)
����������������� ����������
(20)
����������������� ����������
Average tangible common equity (b)
11,880
����������������� ���
11,723�
11,605�
11,393�
11,618�
Total Bancorp shareholders' equity (U.S. GAAP)
15,626�
15,404�
15,469�
14,826�
14,589�
Less:�
Preferred stock
(1,331)
����������������� ����
(1,331)
����������������� ����
(1,331)
����������������� ����
(1,034)
����������������� ����
(1,034)
����������������� ����
Goodwill
(2,416)
����������������� ����
(2,416)
����������������� ����
(2,416)
����������������� ����
(2,416)
����������������� ����
(2,416)
����������������� ����
Intangible assets and other servicing rights
(16)
����������������� ����������
(16)
����������������� ����������
(17)
����������������� ����������
(18)
����������������� ����������
(19)
����������������� ����������
Tangible common equity, including unrealized gains / losses (c)
11,863
����������������� ���
11,641�
11,705�
11,358�
11,120�
Less: Accumulated other comprehensive income
(429)
����������������� �������
(301)
����������������� �������
(382)
����������������� �������
(196)
����������������� �������
(82)
����������������� ����������
Tangible common equity, excluding unrealized gains / losses (d)
11,434
����������������� ���
11,340�
11,323�
11,162�
11,038�
Total assets (U.S. GAAP)
138,706�
134,188�
132,562�
129,654�
130,443�
Less:�
Goodwill
(2,416)
����������������� ����
(2,416)
����������������� ����
(2,416)
����������������� ����
(2,416)
����������������� ����
(2,416)
����������������� ����
Intangible assets and other servicing rights
(16)
����������������� ����������
(16)
����������������� ����������
(17)
����������������� ����������
(18)
����������������� ����������
(19)
����������������� ����������
Tangible assets, including unrealized gains / losses (e)
136,274
����������������� �
131,756�
130,129�
127,220�
128,008�
Less: Accumulated other comprehensive income / loss, before tax
(660)
����������������� �������
(463)
����������������� �������
(588)
����������������� �������
(302)
����������������� �������
(126)
����������������� �������
Tangible assets, excluding unrealized gains / losses (f)
135,614
����������������� �
131,293�
129,541�
126,918�
127,882�
Common shares outstanding (g)
824�
834�
844�
848�
855�
Ratios:
Return on average tangible common equity (a) / (b)
12.1%
11.1%
14.4%
11.0%
13.1%
Tangible common equity (excluding unrealized gains/losses) (d) / (f)
8.43%
8.64%
8.74%
8.79%
8.63%
Tangible common equity (including unrealized gains/losses) (c) / (e)
8.71%
8.84%
9.00%
8.93%
8.69%
Tangible book value per share (c) / (g)
$14.40�
$13.95�
$13.86�
$13.40�
$13.00�
For the Three Months Ended


21
Fifth Third Bank | All Rights Reserved
Regulation G Non-GAAP reconciliation
Fifth Third Bancorp and Subsidiaries
Regulation G Non-GAAP Reconcilation
$ and shares in millions
(unaudited)
December
September
June
March
December
2014
2014
2014
2014
2013
Total Bancorp shareholders' equity (U.S. GAAP)
15,626�
15,404�
15,469�
14,826�
14,589�
Goodwill and certain other intangibles
(2,476)
����������������� ����
(2,484)
����������������� ����
(2,484)
����������������� ����
(2,490)
����������������� ����
(2,492)
����������������� ����
Unrealized gains
(429)
����������������� �������
(301)
����������������� �������
(382)
����������������� �������
(196)
����������������� �������
(82)
����������������� ����������
Qualifying trust preferred securities
60�
60�
60�
60�
60�
Other
(17)
����������������� ����������
(18)
����������������� ����������
(19)
����������������� ����������
(18)
����������������� ����������
19�
Tier I capital
12,764
����������������� ���
12,661�
12,644�
12,182�
12,094�
Less:
Preferred stock
(1,331)
����������������� ����
(1,331)
����������������� ����
(1,331)
����������������� ����
(1,034)
����������������� ����
(1,034)
����������������� ����
Qualifying trust preferred securities
(60)
����������������� ����������
(60)
����������������� ����������
(60)
����������������� ����������
(60)
����������������� ����������
(60)
����������������� ����������
Qualifying noncontrolling interest in consolidated subsidiaries
(1)
����������������� ������������
(1)
����������������� ������������
(1)
����������������� ������������
(1)
����������������� ������������
(37)
����������������� ����������
Tier I common equity (a)
11,372
����������������� ���
11,269�
11,252�
11,087�
10,963�
Risk-weighted assets, determined in accordance with
prescribed regulatory requirements (b)
117,887
����������������� �
116,917�
117,117�
116,622�
115,969�
Ratio:
Tier I common equity (a) / (b)
9.65%
9.64%
9.61%
9.51%
9.45%
Basel III - Estimated Tier 1 common equity ratio
December
September
June
March
December
2014
2014
2014
2014
2013
Tier 1 common equity (Basel I)
11,372
����������������� ���
11,269�
11,252�
11,087�
10,963�
Add:
Adjustment related to capital components
84
����������������� �����������
99�
96�
99�
82�
Estimated Tier 1 common equity under final Basel III rules without AOCI (opt out)(c)
11,456
����������������� ���
11,368�
11,348�
11,186�
11,045�
Add:
Adjustment related to AOCI
429�
301�
382�
196�
82�
Estimated Tier 1 common equity under final Basel III rules with AOCI (non opt out)(d)
11,885
����������������� ���
11,669�
11,730�
11,382�
11,127�
Estimated risk-weighted assets under final Basel III rules (e)
122,027
����������������� �
121,219�
122,465�
122,659�
122,074�
Estimated Tier 1 common equity ratio under final Basel III rules (opt out) (c) / (e)
9.39%
9.38%
9.27%
9.12%
9.05%
Estimated Tier 1 common equity ratio under final Basel III rules (non opt out) (d) / (e)
9.74%
9.63%
9.58%
9.28%
9.12%
(c), (d)
(e)
Under the final Basel III rules, non-advanced approach banks are permitted to make a one-time election to opt out of the requirement to include AOCI in Tier 1 common equity. Other adjustments
include mortgage servicing rights and deferred tax assets subject to threshold limitations and deferred tax liabilities related to intangible assets.
Key differences under Basel III in the calculation of risk-weighted assets compared to Basel I include: (1) Risk weighting for commitments under 1 year; (2) Higher risk weighting for exposures to
securitizations, past due loans, foreign banks and certain commercial real estate; (3) Higher risk weighting for mortgage servicing rights and deferred tax assets that are under certain thresholds as
a percent of Tier 1 capital; and (4) Derivatives are differentiated between exchange clearing and over-the-counter and the 50% risk-weight cap is removed.
For the Three Months Ended

Exhibit 99.3

January 2015

LOGO

QUARTERLY FINANCIAL SUPPLEMENT

Investment Community Member:

To assist in your financial analysis, the following supplement of most requested information concerning Fifth Third Bancorp is provided.

Numbers are unaudited for quarterly information.

If you need further information, please fax or e-mail your request to Fifth Third�s Investor Relations Department at (513)�534-0629 or [email protected]

Jim Eglseder �� Laura Wehby
SVP / Investor Relations �� VP / Investor Relations
(513) 534-8424 �� (513) 534-7407

Page 1


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Quarterly Data

Three Months Ended
December
2014
September
2014
June
2014
March
2014
December
2013
September
2013
June
2013
March
2013

Ratios (percent)

��

Return on average assets

1.13 1.02 1.34 1.00 1.24 1.35 1.94 1.41

Return on average common equity

10.0 9.2 11.9 9.0 10.8 12.1 17.3 12.5

Average Bancorp shareholders� equity as a percent of average assets

11.54 11.71 11.57 11.53 11.51 11.71 11.64 11.38

Net interest margin(a)

2.96 3.10 3.15 3.22 3.21 3.31 3.33 3.42

Efficiency(a)

59.6 62.1 58.2 64.9 61.5 59.2 53.2 59.8

Net losses charged off as a percent of average loans and leases

0.83 0.50 0.45 0.76 0.67 0.49 0.51 0.63

ALLL as a percent of portfolio loans and leases

1.47 1.56 1.61 1.65 1.79 1.92 1.99 2.08

Allowance for credit losses as a percent of portfolio loans and leases

1.62 1.71 1.77 1.82 1.97 2.11 2.18 2.28

Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(b)

0.82 0.88 0.92 1.05 1.10 1.16 1.32 1.41

Allowance for loan and lease losses as a percent of nonperforming assets(b)

178 178 175 157 161 165 151 147

Allowance for credit losses as a percent of nonperforming assets(b)

196 195 192 173 178 182 165 161

Common Share Data

Earnings per share

$ 0.44 $ 0.39 $ 0.49 $ 0.36 $ 0.44 $ 0.47 $ 0.67 $ 0.47

Earnings per diluted share

$ 0.43 $ 0.39 $ 0.49 $ 0.36 $ 0.43 $ 0.47 $ 0.65 $ 0.46

Cash dividends per common share

0.13 0.13 0.13 0.12 0.12 0.12 0.12 0.11

Book value per share

17.35 16.87 16.74 16.27 15.85 15.84 15.56 15.42

Common shares outstanding, excluding treasury

824,046,952 834,261,897 844,488,849 847,568,728 855,305,745 887,029,539 851,473,955 874,644,725

Market price per share:

High

$ 20.69 $ 21.75 $ 23.19 $ 23.39 $ 21.04 $ 19.69 $ 18.60 $ 16.61

Low

17.74 19.52 20.03 20.50 17.50 18.04 15.80 15.35

End of period

20.38 20.02 21.35 22.96 21.03 18.05 18.05 16.31

Supplemental Data

Common dividends declared ($ in millions)

$ 107 $ 108 $ 110 $ 102 $ 103 $ 106 $ 102 $ 96

Full-time equivalent employees

18,351 18,503 18,732 19,080 19,446 20,256 20,569 20,744

Banking centers

1,302 1,308 1,309 1,311 1,320 1,326 1,326 1,320

ATMs

2,638 2,639 2,619 2,614 2,586 2,374 2,433 2,426

(a) Presented on a fully taxable equivalent basis (FTE).
(b) Excludes nonperforming assets held for sale.

Page 2


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Quarterly Data

�� Three Months Ended
�� December
2014
September
2014
June
2014
March
2014
December
2013
September
2013
June
2013
March
2013

Income Statement ($ in millions)

��

Interest income (FTE)

�� $ 1,016 $ 1,023 $ 1,013 $ 998 $ 1,007 $ 997 $ 989 $ 1,000

Interest expense

�� 128 115 108 100 102 99 104 107
��

Net interest income (FTE)

�� 888 908 905 898 905 898 885 893

Provision for loan and lease losses

�� 99 71 76 69 53 51 64 62

Noninterest income:

��

Service charges on deposits

�� 142 145 139 133 142 140 136 131

Investment advisory revenue

�� 100 103 102 102 98 97 98 100

Corporate banking revenue

�� 120 100 107 104 94 102 106 99

Mortgage banking net revenue

�� 61 61 78 109 126 121 233 220

Card and processing revenue

�� 76 75 76 68 71 69 67 65

Other noninterest income

�� 150 33 226 41 170 185 414 109

Securities gains, net

�� 4 3 8 7 2 2 ��� 17

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

�� ��� ��� ��� ��� ��� 5 6 2
��

Total noninterest income

�� 653 520 736 564 703 721 1,060 743

Noninterest expense:

��

Salaries, wages and incentives

�� 366 357 368 359 388 389 404 399

Employee benefits

�� 79 75 79 101 78 83 83 114

Net occupancy expense

�� 77 78 79 80 77 75 76 79

Technology and communications

�� 54 53 52 53 53 52 50 49

Equipment expense

�� 30 30 30 30 29 29 28 28

Card and processing expense

�� 36 37 37 31 37 33 33 31

Other noninterest expense

�� 276 258 309 296 327 298 361 278
��

Total noninterest expense

�� 918 888 954 950 989 959 1,035 978

Income before income taxes (FTE)

�� 524 469 611 443 566 846 596

Taxable equivalent adjustment

�� 5 5 5 5 5 5 5 5
��

Income before income taxes

�� 519 464 606 438 561 604 841 591

Applicable income tax expense

�� 134 124 167 119 159 183 250 179
��

Net income

�� $ 385 $ 340 $ 439 $ 319 $ 402 $ 421 $ 591 $ 412

Less: Net income attributable to noncontrolling interests

�� ��� ��� ��� 1 ��� ��� ��� (10 )�
��

Net income attributable to Bancorp

�� $ 385 $ 340 $ 439 $ 318 $ 402 $ 421 $ 591 $ 422

Dividends on preferred stock

�� 23 12 23 9 19 ��� 9 9
��

Net income available to common shareholders

�� $ 362 $ 328 $ 416 $ 309 $ 383 $ 421 $ 582 $ 413
��

Regulatory Capital Data ($ in millions)(a)

��

Tier I capital

�� $ 12,764 $ 12,661 $ 12,644 $ 12,182 $ 12,094 $ 12,762 $ 12,426 $ 11,878

Tier II capital

�� 4,132 4,103 4,101 4,174 4,337 3,665 3,666 3,846
��

Total risk-based capital

�� $ 16,896 $ 16,764 $ 16,745 $ 16,356 $ 16,431 $ 16,427 $ 16,092 $ 15,724
��

Risk-weighted assets

�� $ 117,887 $ 116,917 $ 117,117 $ 116,622 $ 115,969 $ 113,801 $ 111,559 $ 109,027
��

Tier I risk-based capital ratio

�� 10.83 %� 10.83 %� 10.80 %� 10.45 %� 10.43 %� 11.21 %� 11.14 %� 10.89 %�

Total risk-based capital ratio

�� 14.33 %� 14.34 %� 14.30 %� 14.02 %� 14.17 %� 14.43 %� 14.43 %� 14.42 %�

Tier I leverage ratio

�� 9.66 %� 9.82 %� 9.86 %� 9.71 %� 9.73 %� 10.64 %� 10.45 %� 10.07 %�

Tier I common equity ratio

�� 9.65 %� 9.64 %� 9.61 %� 9.51 %� 9.45 %� 9.95 %� 9.49 %� 9.75 %�

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

Page 3


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Quarterly Data

�� As of
�� December
2014
September
2014
June
2014
March
2014
December
2013
September
2013
June
2013
March
2013

Balance Sheet ($ in millions, except share data)

��

Assets

��

Cash and due from banks

�� $ 3,091 $ 3,125 $ 3,312 $ 3,153 $ 3,178 $ 2,887 $ 2,390 $ 2,186

Available-for-sale and other securities

�� 22,408 22,912 22,814 20,749 18,597 18,080 16,187 15,263

Held-to-maturity securities

�� 187 191 194 195 208 265 274 283

Trading securities

�� 360 389 361 347 343 246 219 218

Other short-term investments

�� 7,914 3,637 2,386 2,202 5,116 2,622 1,109 2,286
��

Total cash and securities

�� 33,960 30,254 29,067 26,646 27,442 24,100 20,179 20,236

Loans held for sale

�� 1,261 641 682 780 944 1,330 2,148 2,691

Portfolio loans and leases

�� 90,084 90,624 90,484 89,705 88,614 87,231 87,032 85,676
��

Total loans and leases

�� 91,345 91,265 91,166 90,485 89,558 88,561 89,180 88,367

Allowance for loan and lease losses

�� (1,322 )� (1,414 )� (1,458 )� (1,483 )� (1,582 )� (1,677 )� (1,735 )� (1,783 )�

Bank premises and equipment

�� 2,465 2,467 2,491 2,528 2,531 2,528 2,540 2,540

Operating lease equipment

�� 728 732 667 714 730 707 645 598

Goodwill

�� 2,416 2,416 2,416 2,416 2,416 2,416 2,416 2,416

Intangible assets

�� 15 16 17 18 19 21 23 25

Servicing rights

�� 858 935 931 975 971 919 899 772

Other real estate owned

�� 217 242 266 291 299 312 301 316

Other assets

�� 8,024 7,275 6,999 7,064 8,059 7,786 8,912 7,895
��

Total assets

�� $ 138,706 $ 134,188 $ 132,562 $ 129,654 $ 130,443 $ 125,673 $ 123,360 $ 121,382
��

Liabilities

��

Deposits:

��

Demand

�� $ 34,809 $ 32,258 $ 32,140 $ 31,234 $ 32,634 $ 30,153 $ 30,097 $ 30,027

Interest checking

�� 26,800 24,930 24,744 25,472 25,875 23,527 22,878 23,175

Savings

�� 15,051 15,355 16,087 16,867 17,045 17,583 18,448 19,339

Money market

�� 17,083 16,199 14,216 13,208 11,644 10,433 9,247 8,613

Foreign office

�� 1,114 1,577 1,418 1,922 1,976 1,409 1,570 1,089

Other time

�� 3,960 3,856 3,724 3,660 3,530 3,524 3,793 3,909

Certificates�$100,000 and over

�� 2,895 3,117 3,623 4,511 6,571 7,497 7,374 5,472

Other foreign office

�� ��� ��� ��� ��� ��� ��� 47 ���
��

Total deposits

�� 101,712 97,292 95,952 96,874 99,275 94,126 93,454 91,624

Federal funds purchased

�� 144 148 153 268 284 225 636 386

Other short-term borrowings

�� 1,556 2,730 3,146 2,717 1,380 3,487 2,112 2,439

Other liabilities

�� 4,662 4,239 3,842 3,698 5,245 5,057 5,941 4,693

Long-term debt

�� 14,967 14,336 13,961 11,233 9,633 8,098 6,940 8,320
��

Total liabilities

�� 123,041 118,745 117,054 114,790 115,817 110,993 109,083 107,462
��

Equity

��

Common and preferred equity

�� 17,169 16,889 16,661 16,122 15,802 15,085 15,292 14,315

Net unrealized gains (losses):

��

Available-for-sale securities

�� 475 338 410 231 121 268 203 381

Qualifying cash flow hedges

�� 23 12 22 16 13 31 29 37

Accumulated other comprehensive income related to employee benefit plans

�� (69 )� (49 )� (50 )� (51 )� (52 )� (81 )� (83 )� (85 )�

Treasury stock, at cost

�� (1,972 )� (1,786 )� (1,574 )� (1,492 )� (1,295 )� (662 )� (1,202 )� (766 )�
��

Total Bancorp shareholders� equity

�� 15,626 15,404 15,469 14,826 14,589 14,641 14,239 13,882

Noncontrolling interests

�� 39 39 39 38 37 39 38 38
��

Total equity

�� 15,665 15,443 15,508 14,864 14,626 14,680 14,277 13,920
��

Total liabilities and equity

�� $ 138,706 $ 134,188 $ 132,562 $ 129,654 $ 130,443 $ 125,673 $ 123,360 $ 121,382
��

Share Data

��

Preferred shares outstanding�Series G

�� ��� ��� ��� ��� ��� ��� 16,442 16,450

Preferred shares outstanding�Series H

�� 24,000 24,000 24,000 24,000 24,000 24,000 24,000 ���

Preferred shares outstanding�Series I

�� 18,000 18,000 18,000 18,000 18,000 ��� ��� ���

Preferred shares outstanding�Series J

�� 12,000 12,000 12,000 ��� ��� ��� ��� ���

Common shares outstanding, excluding treasury

�� 824,046,952 834,261,897 844,488,849 847,568,728 855,305,745 887,029,539 851,473,955 874,644,725

Treasury shares held

�� 99,845,629 89,630,684 79,403,732 76,323,853 68,586,836 36,863,042 72,418,626 49,247,856

Page 4


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Quarterly Data

��
�� Three Months Ended
�� December
2014
September
2014
June
2014
March
2014
December
2013
September
2013
June
2013
March
2013

Average Balance Sheet ($ in millions, except share data)

��

Assets

��

Interest-earning assets:

��

Loans and leases

�� 91,581 $ 91,428 $ 91,241 90,238 $ 88,865 $ 89,154 $ 89,473 $ 88,880

Taxable securities

�� 22,364 22,594 21,706 20,385 18,383 16,590 15,346 15,224

Tax exempt securities

�� 64 50 52 46 48 44 55 51

Other short-term investments

�� 5,176 2,283 2,182 2,509 4,612 1,894 1,561 1,571
��

Total interest-earning assets

�� 119,185 116,355 115,181 113,178 111,908 107,682 106,435 105,726

Cash and due from banks

�� 3,008 2,862 2,847 2,850 2,956 2,380 2,359 2,225

Other assets

�� 14,800 14,461 14,417 14,478 14,986 15,015 15,198 15,016

Allowance for loan and lease losses

�� (1,413 )� (1,458 )� (1,480 )� (1,576 )� (1,671 )� (1,731 )� (1,780 )� (1,850 )�
��

Total assets

�� $ 135,580 $ 132,220 $ 130,965 $ 128,930 $ 128,179 $ 123,346 $ 122,212 $ 121,117
��

Liabilities

��

Interest-bearing liabilities:

��

Interest checking

�� $ 25,478 $ 24,926 $ 25,222 $ 25,911 $ 24,650 $ 23,116 $ 22,796 $ 23,763

Savings

�� 15,173 15,759 16,509 16,903 17,323 18,026 18,864 19,576

Money market

�� 17,023 15,222 13,942 12,439 11,285 9,693 8,918 7,932

Foreign office

�� 1,439 1,663 2,200 2,017 1,717 1,755 1,418 1,102

Other time

�� 3,936 3,800 3,693 3,616 3,529 3,676 3,859 3,982

Certificates�$100,000 and over

�� 2,998 3,339 3,840 5,576 7,456 7,315 6,519 4,017

Other foreign office

�� ��� ��� ��� ��� ��� 17 10 40

Federal funds purchased

�� 161 520 606 547 301 464 560 691

Other short-term borrowings

�� 1,481 1,973 2,234 1,808 2,177 1,675 2,867 5,429

Long-term debt

�� 14,855 13,955 12,524 10,313 9,135 7,453 7,552 7,506
��

Total interest-bearing liabilities

�� 82,544 81,157 80,770 79,130 77,573 73,190 73,363 74,038

Demand deposits

�� 33,301 31,790 31,275 30,626 30,765 30,655 29,682 28,565

Other liabilities

�� 4,052 3,749 3,724 4,274 5,045 5,023 4,908 4,687
��

Total liabilities

�� 119,897 116,696 115,769 114,030 113,383 108,868 107,953 107,290

Equity

�� 15,683 15,524 15,196 14,900 14,796 14,478 14,259 13,827
��

Total liabilities and equity

�� $ 135,580 $ 132,220 $ 130,965 $ 128,930 $ 128,179 $ 123,346 $ 122,212 $ 121,117
��

Average loans and leases (excluding held for sale)

�� $ 91,041 $ 90,799 $ 90,549 $ 89,530 $ 87,895 $ 87,272 $ 86,707 $ 85,903

Average common shares outstanding:

��

Basic

�� 819,057,247 829,391,505 838,492,046 845,860,065 868,077,089 880,182,513 858,582,710 870,923,074

Diluted

�� 827,831,317 838,324,420 848,245,111 857,923,596 877,510,663 888,111,269 900,625,454 913,163,262

Page 5


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Quarterly Data

�� Three Months Ended
�� December
2014
September
2014
June
2014
March
2014
December
2013
September
2013
June
2013
March
2013

End of Period Loans and Leases ($ in millions) (net of unearned discount)

��

Commercial:

��

Commercial and industrial loans

�� $ 40,801 $ 41,111 $ 41,364 $ 40,692 $ 39,347 $ 38,260 $ 37,868 $ 36,782

Commercial mortgage loans

�� 7,410 7,566 7,807 7,959 8,069 8,058 8,450 8,777

Commercial construction loans

�� 2,071 1,704 1,426 1,220 1,041 879 758 699

Commercial leases

�� 3,721 3,555 3,572 3,577 3,626 3,572 3,570 3,568
��

Subtotal�commercial

�� 54,003 53,936 54,169 53,448 52,083 50,769 50,646 49,826

Consumer:

��

Residential mortgage loans

�� 13,582 13,520 13,250 13,275 13,570 13,832 14,513 14,713

Home equity

�� 8,886 8,987 9,056 9,125 9,246 9,356 9,531 9,727

Automobile loans

�� 12,037 12,121 12,050 12,088 11,984 12,072 12,015 11,741

Credit card

�� 2,401 2,317 2,261 2,177 2,294 2,157 2,114 2,043

Other consumer loans and leases

�� 436 384 380 372 381 375 361 317
��

Subtotal�consumer

�� 37,342 37,329 36,997 37,037 37,475 37,792 38,534 38,541
��

Total loans and leases

�� $ 91,345 $ 91,265 $ 91,166 $ 90,485 $ 89,558 $ 88,561 $ 89,180 $ 88,367
��

Average Loans and Leases ($ in millions) (net of unearned discount)

��

Commercial:

��

Commercial and industrial loans

�� $ 41,313 $ 41,525 $ 41,451 $ 40,409 $ 38,846 $ 38,145 $ 37,636 $ 36,423

Commercial mortgage loans

�� 7,482 7,637 7,886 7,983 8,051 8,280 8,627 8,978

Commercial construction loans

�� 1,911 1,565 1,364 1,118 955 797 717 700

Commercial leases

�� 3,601 3,576 3,556 3,607 3,579 3,574 3,553 3,557
��

Subtotal�commercial

�� 54,307 54,303 54,257 53,117 51,431 50,796 50,533 49,658

Consumer:

��

Residential mortgage loans

�� 13,526 13,342 13,202 13,304 13,544 14,333 14,984 14,866

Home equity

�� 8,937 9,009 9,101 9,194 9,296 9,432 9,625 9,872

Automobile loans

�� 12,073 12,105 12,070 12,023 12,019 12,083 11,887 12,096

Credit card

�� 2,324 2,295 2,232 2,230 2,202 2,140 2,071 2,069

Other consumer loans and leases

�� 414 374 379 370 373 370 373 319
��

Subtotal�consumer

�� 37,274 37,125 36,984 37,121 37,434 38,358 38,940 39,222
��

Total average loans and leases

�� $ 91,581 $ 91,428 $ 91,241 $ 90,238 $ 88,865 $ 89,154 $ 89,473 $ 88,880
��

Asset Quality ($ in millions)

��

Nonaccrual portfolio loans and leases

�� $ 269 $ 305 $ 323 $ 398 $ 387 $ 391 $ 551 $ 618

Nonaccrual loans held for sale

�� 24 4 5 3 6 11 15 16

Restructured loans�(nonaccrual) held for sale

�� 15 3 ��� ��� ��� ��� ��� 3

Restructured loans and leases (nonaccrual) portfolio

�� 310 315 317 335 364 379 358 333

OREO and other repossessed property(a)

�� 165 176 192 213 229 244 241 259
��

Total nonperforming assets

�� $ 783 $ 803 $ 837 $ 949 $ 986 $ 1,025 $ 1,165 $ 1,229
��

Ninety days past due loans and leases

�� $ 87 $ 87 $ 94 $ 94 $ 103 $ 156 $ 152 $ 164
��

Nonperforming Loans ($ in millions)(nonaccrual plus renegotiated)

��

Commercial and industrial loans and leases

�� $ 241 $ 267 $ 249 $ 301 $ 287 $ 310 $ 356 $ 323

Commercial mortgage loans

�� 146 121 141 147 146 187 235 260

Commercial construction loans

�� 2 4 10 19 31 34 47 74

Residential mortgage loans

�� 94 111 117 141 165 166 202 221

Home equity and other consumer loans and leases

�� 135 124 128 128 128 84 84 92
��

Total nonperforming loans and leases (including held for sale)

�� $ 618 $ 627 $ 645 $ 736 $ 757 $ 781 $ 924 $ 970
��

Credit Charge-Offs ($ in millions)

��

Gross charge-offs

�� ($ 215 )� ($ 146 )� ($ 127 )� ($ 190 )� ($ 183 )� ($ 141 )� ($ 145 )� ($ 168 )�

Recoveries

�� 24 31 26 22 35 32 33 $ 35
��

Net losses charged off

�� ($ 191 )� ($ 115 )� ($ 101 )� ($ 168 )� ($ 148 )� ($ 109 )� ($ 112 )� ($ 133 )�
��

(a) Excludes OREO related to government insured loans.

Page 6

Exhibit 99.4

January 2015

LOGO

ANNUAL FINANCIAL SUPPLEMENT

Investment Community Member:

To assist in your financial analysis, the following supplement of most requested information concerning Fifth Third Bancorp is provided.

Numbers are unaudited for year-end information.

If you need further information, please fax or e-mail your request to Fifth Third�s Investor Relations Department at (513)�534-3945 or [email protected]

Jim Eglseder �� Laura Wehby ��
VP / Investor Relations �� VP / Investor Relations ��
(513) 534-8424 �� (513) 534-7407 ��

Page 1


LOGO

Yearly Data

Years Ended December 31,
2014 2013 2012 2011 2010

Ratios (percent)

Return on average assets

1.12 1.48 1.34 1.15 0.67

Return on average common equity

10.0 13.1 11.6 9.0 5.0

Average Bancorp shareholders� equity as a percent of average assets

11.59 11.56 11.65 11.41 12.22

Net interest margin(a)

3.10 3.32 3.55 3.66 3.66

Efficiency(a)

61.1 58.2 61.7 62.3 60.7

Net losses charged off as a percent of average loans and leases

0.64 0.58 0.85 1.49 3.02

ALLL as a percent of portfolio loans and leases

1.47 1.79 2.16 2.78 3.88

Allowance for credit losses as a percent of portfolio loans and leases

1.62 1.97 2.37 3.01 4.17

Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO(b)

0.82 1.10 1.49 2.23 2.79

Allowance for loan and lease losses as a percent of nonperforming assets(b)

178 161 144 124 138

Allowance for credit losses as a percent of nonperforming assets(b)

196 178 158 134 149

Common Share Data

Earnings per share

$ 1.68 $ 2.05 $ 1.69 $ 1.20 $ 0.63

Earnings per diluted share

$ 1.66 $ 2.02 $ 1.66 $ 1.18 $ 0.63

Cash dividends per common share

0.51 0.47 0.36 0.28 0.04

Book value per share

17.35 15.85 15.10 13.92 13.06

Common shares outstanding, excluding treasury

824,046,952 855,305,745 882,152,057 919,804,436 796,272,522

Market price per share:

High

$ 23.39 $ 21.04 $ 16.16 $ 15.75 $ 15.95

Low

17.74 15.35 12.04 9.13 9.81

End of period

20.38 21.03 15.20 12.72 14.68

Supplemental Data

Common dividends declared ($ in millions)

$ 427 $ 407 $ 325 $ 257 $ 32

Full-time equivalent employees

18,351 19,446 20,798 21,334 20,838

Banking centers

1,302 1,320 1,325 1,316 1,312

ATMs

2,638 2,586 2,415 2,425 2,445

(a) Presented on a fully taxable equivalent basis (FTE).
(b) Excludes nonperforming assets held for sale.

Page 2


LOGO

Yearly Data

�� Years Ended December�31,
�� 2014 2013 2012 2011 2010

Income Statement ($ in millions)

��

Interest income (FTE)

�� $ 4,051 $ 3,993 $ 4,125 $ 4,236 $ 4,507

Interest expense

�� 451 412 512 661 885
��

Net interest income (FTE)

�� 3,600 3,581 3,613 3,575 3,622

Provision for loan and lease losses

�� 315 229 303 423 1,538

Noninterest income:

��

Service charges on deposits

�� 560 549 522 520 574

Corporate banking revenue

�� 430 400 413 350 364

Mortgage banking net revenue

�� 310 700 845 597 647

Investment advisory revenue

�� 407 393 374 375 361

Card and processing revenue

�� 295 272 253 308 316

Other noninterest income

�� 450 879 574 250 406

Securities gains, net

�� 21 21 15 46 47

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

�� ��� 13 3 9 14
��

Total noninterest income

�� 2,473 3,227 2,999 2,455 2,729

Noninterest expense:

��

Salaries, wages and incentives

�� 1,449 1,581 1,607 1,478 1,430

Employee benefits

�� 334 357 371 330 314

Net occupancy expense

�� 313 307 302 305 298

Technology and communications

�� 212 204 196 188 189

Equipment expense

�� 121 114 110 113 122

Card and processing expense

�� 141 134 121 120 108

Other noninterest expense

�� 1,139 1,264 1,374 1,224 1,394
��

Total noninterest expense

�� 3,709 3,961 4,081 3,758 3,855

Income before income taxes (FTE)

�� 2,049 2,618 2,228 1,849 958

Taxable equivalent adjustment

�� 21 20 18 18 18
��

Income before income taxes

�� 2,028 2,598 2,210 1,831 940

Applicable income tax

�� 545 772 636 533 187
��

Net income

�� $ 1,483 $ 1,826 $ 1,574 $ 1,298 $ 753

Less: Net income attributable to noncontrolling interests

�� 2 (10 )� (2 )� 1 ���
��

Net income attributable to Bancorp

�� $ 1,481 $ 1,836 $ 1,576 $ 1,297 $ 753

Dividends on preferred stock

�� 67 37 35 203 250
��

Net income available to common shareholders

�� $ 1,414 $ 1,799 $ 1,541 $ 1,094 $ 503
��

��

Regulatory Capital Data ($ in millions)(a)

��

Tier I capital

�� $ 12,764 $ 12,094 $ 11,685 $ 12,503 $ 13,965

Tier II capital

�� 4,132 4,337 4,126 4,373 4,213
��

Total risk-based capital

�� $ 16,896 $ 16,431 $ 15,811 $ 16,876 $ 18,178
��

Risk-weighted assets

�� $ 117,887 $ 115,969 $ 109,301 �� $ 104,219 $ 100,561
��

Tier I risk-based capital ratio

�� 10.83 %� 10.43 %� 10.69 %� 12.00 %� 13.89 %�

Total risk-based capital ratio

�� 14.33 %� 14.17 %� 14.47 %� 16.19 %� 18.08 %�

Tier I leverage ratio

�� 9.66 %� 9.73 %� 10.15 %� 11.25 %� 12.79 %�

Tier I common equity ratio

�� 9.65 %� 9.45 %� 9.54 %� 9.41 %� 7.48 %�

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

Page 3


LOGO

Yearly Data

�� Years Ended December�31,
�� 2014 2013 2012 2011 2010

Balance Sheet ($ in millions, except share data)

��

Assets

��

Cash and due from banks

�� $ 3,091 $ 3,178 $ 2,441 $ 2,663 $ 2,159

Available-for-sale and other securities

�� 22,408 18,597 15,207 15,362 15,414

Held-to-maturity securities

�� 187 208 284 322 353

Trading securities

�� 360 343 207 177 294

Other short-term investments

�� 7,914 5,116 2,421 1,781 1,515
��

Total cash and securities

�� 33,960 27,442 20,560 20,305 19,735

Loans held for sale

�� 1,261 944 2,939 2,954 2,216

Portfolio loans and leases

�� 90,084 88,614 85,782 81,018 77,491
��

Total loans and leases

�� 91,345 89,558 88,721 83,972 79,707

Allowance for loan and lease losses

�� (1,322 )� (1,582 )� (1,854 )� (2,255 )� (3,004 )�

Bank premises and equipment

�� 2,465 2,531 2,542 2,447 2,389

Operating lease equipment

�� 728 730 581 497 479

Goodwill

�� 2,416 2,416 2,416 2,417 2,417

Intangible assets

�� 15 19 27 40 62

Servicing rights

�� 858 971 697 681 822

Other real estate owned

�� 217 299 320 429 506

Other assets

�� 8,024 8,059 7,884 8,434 7,894
��

Total assets

�� $ 138,706 $ 130,443 $ 121,894 $ 116,967 $ 111,007
��

Liabilities

��

Deposits:

��

Demand

�� $ 34,809 $ 32,634 $ 30,023 $ 27,600 $ 21,413

Interest checking

�� 26,800 25,875 24,477 20,392 18,560

Savings

�� 15,051 17,045 19,879 21,756 20,903

Money market

�� 17,083 11,644 6,875 4,989 5,035

Foreign office

�� 1,114 1,976 885 3,250 3,721

Other time

�� 3,960 3,530 4,015 4,638 7,728

Certificates�$100,000 and over

�� 2,895 6,571 3,284 3,039 4,287

Other foreign office

�� ��� ��� 79 46 1
��

Total deposits

�� 101,712 99,275 89,517 85,710 81,648

Federal funds purchased

�� 144 284 901 346 279

Other short-term borrowings

�� 1,556 1,380 6,280 3,239 1,574

Other liabilities

�� 4,662 5,245 4,347 4,739 3,868

Long-term debt

�� 14,967 9,633 7,085 9,682 9,558
��

Total liabilities

�� 123,041 115,817 108,130 103,716 96,927
��

Equity

��

Common and preferred equity

�� 17,169 15,802 13,975 12,795 13,867

Net unrealized gains (losses):

��

Available-for-sale securities

�� 475 121 412 485 321

Qualifying cash flow hedges

�� 23 13 50 80 67

Accumulated other comprehensive income related to employee benefit plans

�� (69 )� (52 )� (87 )� (95 )� (74 )�

Treasury stock, at cost

�� (1,972 )� (1,295 )� (634 )� (64 )� (130 )�
��

Total Bancorp shareholders� equity

�� 15,626 14,589 13,716 13,201 14,051

Noncontrolling interests

�� 39 37 48 50 29
��

Total equity

�� 15,665 14,626 13,764 13,251 14,080
��

Total liabilities and equity

�� $ 138,706 $ 130,443 $ 121,894 $ 116,967 $ 111,007
��

Share Data

��

Preferred shares outstanding�Series�G

�� ��� ��� 16,450 16,450 152,771

Preferred shares outstanding�Series�H

�� 24,000 24,000 ��� ��� ���

Preferred shares outstanding�Series�I

�� 18,000 18,000 ��� ��� ���

Preferred shares outstanding�Series�J

�� 12,000 ��� ��� ��� ���

Common shares outstanding, excluding treasury

�� 824,046,952 855,305,745 882,152,057 919,804,436 796,272,522

Treasury shares held

�� 99,845,629 68,586,836 41,740,524 4,088,144 5,231,665

Page 4


LOGO

Yearly Data

�� Years Ended December�31,
�� 2014 2013 2012 2011 2010

Average Balance Sheet ($ in millions, except share data)

��

Assets

��

Interest-earning assets:

��

Loans and leases

�� $ 91,127 $ 89,093 $ 84,822 $ 80,214 $ 79,232

Taxable securities

�� 21,770 16,395 15,262 15,334 16,054

Tax exempt securities

�� 53 49 57 103 317

Other short-term investments

�� 3,043 2,417 1,495 2,031 3,328
��

Total interest-earning assets

�� 115,993 107,954 101,636 97,682 98,931

Cash and due from banks

�� 2,892 2,482 2,355 2,352 2,245

Other assets

�� 14,539 15,053 15,695 15,335 14,841

Allowance for loan and lease losses

�� (1,481 )� (1,757 )� (2,072 )� (2,703 )� (3,583 )�
��

Total assets

�� $ 131,943 $ 123,732 $ 117,614 $ 112,666 $ 112,434
��

Liabilities

��

Interest-bearing liabilities:

��

Interest checking

�� 25,382 $ 23,582 $ 23,096 $ 18,707 $ 18,218

Savings

�� 16,080 18,440 21,393 21,652 19,612

Money market

�� 14,670 9,467 4,903 5,154 4,808

Foreign office

�� 1,828 1,501 1,528 3,490 3,355

Other time

�� 3,762 3,760 4,306 6,260 10,526

Certificates�$100,000 and over

�� 3,929 6,339 3,102 3,656 6,083

Other foreign office

�� ��� 17 27 7 6

Federal funds purchased

�� 458 503 560 345 291

Other short-term borrowings

�� 1,873 3,024 4,246 2,777 1,635

Long-term debt

�� 12,928 7,914 9,043 10,154 10,902
��

Total interest-bearing liabilities

�� 80,910 74,547 72,204 72,202 75,436

Demand deposits

�� 31,755 29,925 27,196 23,389 19,669

Other liabilities

�� 3,950 4,917 4,462 4,189 3,580
��

Total liabilities

�� 116,615 109,389 103,862 99,780 98,685

Equity

�� 15,328 14,343 13,752 12,886 13,749
��

Total liabilities and equity

�� 131,943 $ 123,732 $ 117,614 $ 112,666 $ 112,434
��

Average loans and leases (excluding held for sale)

�� $ 90,485 $ 86,950 $ 82,733 $ 78,533 $ 77,045

Average common shares outstanding:

��

Basic

�� 833,116,349 869,462,977 904,425,226 906,460,550 790,852,185

Diluted

�� 842,967,356 894,736,445 945,554,102 949,545,420 799,381,153

Page 5


LOGO

Yearly Data

�� Years Ended December�31,
�� 2014 2013 2012 2011 2010

End of Period Loans and Leases ($ in millions) (net of unearned discount)

��

Commercial:

��

Commercial and industrial loans

�� $ 40,801 $ 39,347 $ 36,077 $ 30,828 $ 27,274

Commercial mortgage loans

�� 7,410 8,069 9,116 10,214 10,992

Commercial construction loans

�� 2,071 1,041 707 1,037 2,111

Commercial leases

�� 3,721 3,626 3,549 3,531 3,378
��

Subtotal�commercial

�� 54,003 52,083 49,449 45,610 43,755

Consumer:

��

Residential mortgage loans

�� 13,582 13,570 14,873 13,474 10,858

Home equity

�� 8,886 9,246 10,018 10,719 11,513

Automobile loans

�� 12,037 11,984 11,972 11,827 10,983

Credit card

�� 2,401 2,294 2,097 1,978 1,896

Other consumer loans and leases

�� 436 381 312 364 702
��

Subtotal�consumer

�� 37,342 37,475 39,272 38,362 35,952
��

Total loans and leases

�� $ 91,345 $ 89,558 $ 88,721 $ 83,972 $ 79,707
��

Average Loans and Leases ($ in millions) (net of unearned discount)

��

Commercial:

��

Commercial and industrial loans

�� $ 41,178 $ 37,770 $ 32,911 $ 28,546 $ 26,334

Commercial mortgage loans

�� 7,745 8,481 9,686 10,447 11,585

Commercial construction loans

�� 1,492 793 835 1,740 3,066

Commercial leases

�� 3,585 3,565 3,502 3,341 3,343
��

Subtotal�commercial

�� 54,000 50,609 46,934 44,074 44,328

Consumer:

��

Residential mortgage loans

�� 13,344 14,428 13,370 11,318 9,868

Home equity

�� 9,059 9,554 10,369 11,077 11,996

Automobile loans

�� 12,068 12,021 11,849 11,352 10,427

Credit card

�� 2,271 2,121 1,960 1,864 1,870

Other consumer loans and leases

�� 385 360 340 529 743
��

Subtotal�consumer

�� 37,127 38,484 37,888 36,140 34,904
��

Total average loans and leases

�� $ 91,127 $ 89,093 $ 84,822 $ 80,214 $ 79,232
��

Asset Quality ($ in millions)

��

Nonaccrual portfolio loans and leases

�� $ 269 $ 387 $ 665 $ 1,058 $ 1,333

Nonaccrual loans held for sale

�� 24 6 25 131 247

Restructured loans�(nonaccrual) held for sale

�� 15 ��� 4 7 47

Restructured loans and leases (nonaccrual) portfolio

�� 310 364 364 380 347

Other assets, including other real estate owned

�� 165 229 257 378 494
��

Total nonperforming assets

�� $ 783 $ 986 $ 1,315 $ 1,954 $ 2,468
��

Ninety days past due loans and leases

�� $ 87 $ 103 $ 195 $ 200 $ 317
��

Nonperforming Loans ($ in millions)(nonaccrual plus renegotiated)

��

Commercial and industrial loans and leases

�� $ 241 $ 287 $ 345 $ 544 $ 753

Commercial mortgage loans

�� 146 146 296 497 581

Commercial construction loans

�� 2 31 85 156 258

Residential mortgage loans

�� 94 165 237 275 268

Other consumer loans and leases

�� 135 128 95 104 114
��

Total nonperforming loans and leases (including held for sale)

�� $ 618 $ 757 $ 1,058 $ 1,576 $ 1,974
��

Credit Charge-Offs ($ in millions)

��

Gross charge-offs

�� ($ 679 )� ($ 637 )� ($ 837 )� ($ 1,314 )� ($ 2,484 )�

Recoveries

�� 104 136 133 142 156
��

Net losses charged off

�� ($ 575 )� ($ 501 )� ($ 704 )� ($ 1,172 )� ($ 2,328 )�
��

Page 6

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