Fifth Third Bancorp (FITB) 8-K Fifth Third Bancorp Reports 2004 Results

Exhibit 99.2

January 2005

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 both year-end and 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 Brad.Adams@53.com

R. Mark Graf	Rob Cafera	Brad Adams
SVP/Chief Financial Officer	VP/External Financial Reporting	VP/Investor Relations
(513) 534-6924	(513) 534-6662	(513) 534-0983

Yearly Data

	Years Ended December 31,
	2004		2003		2002		2001		2000		1999
Ratios %
Return on Average Assets		1.61		1.90		2.04		1.42		1.58		1.44
Return on Average Equity		17.2		19.0		18.4		13.6		17.5		15.8
Average Equity/Average Assets		9.34		10.01		11.08		10.40		9.06		9.12
Net Interest Margin (FTE)		3.48		3.62		3.96		3.82		3.73		3.96
Efficiency		53.9		47.0		47.5		57.5		53.7		56.0
Net Charge-Offs/Average Loans & Leases		0.45		0.63		0.43		0.54		0.26		0.39
Reserve for Loan and Lease Losses/Loans and Leases Outstanding (a)		1.19		1.33		1.49		1.50		1.43		1.48
Reserve for Credit Losses/Loans and Leases Outstanding (a)		1.31		1.47		1.49		1.50		1.43		1.48
Nonperforming Assets/Loans, Leases and Other Assets, Including OREO		0.51		0.61		0.59		0.57		0.47		0.40
Underperforming Assets/Loans, Leases and Other Assets, Including OREO		0.74		0.89		0.95		0.96		0.77		0.61
Reserve for Loan and Lease Losses/Nonperforming Assets (a)		235.32		218.85		250.62		265.45		303.85		370.86
Reserve for Loan and Lease Losses/Underperforming Assets (a)		160.20		150.28		157.12		156.49		185.21		241.16
Reserve for Credit Losses/Nonperforming Assets (a)		259.05		242.01		250.62		265.45		303.85		370.86
Reserve for Credit Losses/Underperforming Assets (a)		176.36		166.19		157.12		156.49		185.21		241.16
Share Data
Earnings Per Share	$	2.72	$	2.91	$	2.64	$	1.74	$	1.86	$	1.55
Earnings Per Diluted Share		2.68		2.87		2.59		1.70		1.83		1.53
Dividends Per Common Share		1.31		1.13		0.98		0.83		0.70		0.59
Book Value Per Share		16.00		15.29		14.98		13.31		11.83		9.91
Common Shares Outstanding(net of treasury)		557,648,989		566,685,301		574,355,247		582,674,580		569,056,843		565,425,468
Market Price Per Share:
High	$	60.00	$	62.15	$	69.70	$	64.77	$	60.88	$	50.29
Low		45.32		47.05		55.26		45.69		29.33		38.58
Close		47.30		59.10		58.55		61.33		59.75		48.92
Price/Earnings Ratio (b)		17.65		20.59		22.61		36.08		32.65		31.97
Supplemental Data
Common Dividends Declared ($ in millions)	$	735	$	645	$	568	$	460	$	325	$	248
Employees (Full-time Equivalents)		19,659		18,899		19,119		18,373		20,468		21,290
Banking Centers		1,011		952		930		933		963		939

(a) As of December 31, 2004, the reserve for unfunded commitments has been reclassified from the reserve for loan and lease losses to other liabilities. The 2003 year end reserve for unfunded commitments has been reclassified to conform to the current presentation. The reserve for credit losses is the sum of the reserve for loan and lease losses and the reserve for unfunded commitments.

(b) Based on the most recent twelve-month earnings per diluted share and end of period stock prices.

2

Yearly Data

	Years Ended December 31,
	2004			2003			2002			2001			2000			1999
Income Statement ($ in millions)
Interest Income-FTE	$	4,150		$	4,030		$	4,168		$	4,754		$	4,994		$	4,239
Interest Expense		1,102			1,086			1,430			2,278			2,697			2,026
Net Interest Income-FTE		3,048			2,944			2,738			2,476			2,297			2,213
Provision for Loan and Lease Losses		268			399			246			201			126			143
Merger-Related Loan Loss Provision (a)		—			—			—			35			12			26
Noninterest Income:
Electronic Payment Processing Revenue		622			575			512			347			252			189
Service Charges on Deposits		515			485			431			367			298			252
Mortgage Banking Net Revenue		178			302			188			63			256			290
Investment Advisory Revenue		360			332			325			298			275			258
Other Noninterest Income		626			546			555			520			370			324
Operating Lease Revenue		156			124			—			—			—			—
Securities (Losses) Gains, Net		(37	)		81			114			28			6			8
Securities Gains, Net - Non-Qualifying Hedges on Mortgage Servicing		—			3			33			143			—			—
Foreign Exchange Income		45			35			25			22			19			14
Total Noninterest Income		2,465			2,483			2,183			1,788			1,476			1,335
Noninterest Expense:
Salaries, Incentives & Benefits Expense		1,279			1,271			1,230			1,107			1,037			1,001
Equipment Expense		84			82			79			91			100			98
Net Occupancy Expense		185			159			142			146			138			131
Operating Lease Expense		114			94			—			—			—			—
Deposit Insurance Expense		15			17			10			8			9			10
Other Noninterest Expense		1,295			928			876			752			656			639
Merger-Related Charges (a)		—			—			—			349			87			108
Total Noninterest Expense		2,972			2,551			2,337			2,453			2,027			1,987
Income From Continuing Operations Before Income Taxes, Minority Interest and Cumulative Effect-FTE		2,273			2,477			2,338			1,575			1,608			1,392
Taxable Equivalent Adjustment		36			39			39			45			47			40
Income From Continuing Operations Before Income Taxes, Minority Interest and Cumulative Effect		2,237			2,438			2,299			1,530			1,561			1,352
Applicable Income Taxes		712			786			734			523			511			483
Income From Continuing Operations Before Minority Interest and Cumulative Effect		1,525			1,652			1,565			1,007			1,050			869
Minority Interest, Net of Tax		—			(20	)		(38	)		(2	)		—			—
Income From Continuing Operations Before Cumulative Effect		1,525			1,632			1,527			1,005			1,050			869
Income From Discontinued Operations, Net of Tax (b)		—			44			4			4			5			3
Income Before Cumulative Effect		1,525			1,676			1,531			1,009			1,055			872
Cumulative Effect of Change in Accounting Principle, Net of Tax		—			(11	)		—			(7	)		—			—
Net Income	$	1,525		$	1,665		$	1,531		$	1,002		$	1,055		$	872
Net Income Available to Common Shareholders (c)	$	1,524		$	1,664		$	1,530		$	1,001		$	1,054		$	871
Regulatory Capital Data ($ in millions)(d)
Tier 1 Capital	$	8,523		$	8,272		$	7,747		$	7,433		$	6,377		$	5,613
Tier 2 Capital		1,673			1,824			1,188			1,223			1,177			912
Total Risk-Based Capital	$	10,196		$	10,096		$	8,935		$	8,656		$	7,554		$	6,525
Total Risk-Weighted Assets	$	81,536		$	74,477		$	65,444		$	59,491		$	55,943		$	49,379
Tier 1 Risk-Based Capital Ratio		10.45	%		11.11	%		11.84	%		12.49	%		11.40	%		11.37	%
Total Risk-Based Capital Ratio		12.50	%		13.56	%		13.65	%		14.55	%		13.50	%		13.21	%
Leverage Ratio		8.89	%		9.23	%		9.84	%		10.64	%		9.49	%		9.10	%

(a) Tax-effects of these merger-related charges were $90 million in 2001, $32 million in 2000 and $33 million in 1999.

(b) Includes gain on sale of discontinued operations of $40 million, net of tax, in 2003.

(c) Dividend on Preferred Stock is $.740 million for all years presented.

(d) December 31, 2004 regulatory capital data and ratios are estimated.

3

Yearly Data

	Years Ended December 31,
($ in millions)	2004			2003			2002			2001			2000			1999
Balance Sheet - Assets
Cash and Due from Banks	$	2,561		$	2,359		$	1,891		$	2,031		$	1,706		$	1,893
Available-for-Sale Securities		24,687			28,999			25,464			20,507			19,029			15,925
Held-to-Maturity Securities		255			135			52			16			553			738
Trading Securities		77			55			18			—			—			—
Other Short-Term Investments		532			268			294			225			232			388
Total Securities		25,551			29,457			25,828			20,748			19,814			17,051
Total Cash and Securities		28,112			31,816			27,719			22,779			21,520			18,944
Loans Held for Sale		559			1,881			3,358			2,180			1,655			1,198
Loans and Leases Held for Investment (before reserve)		59,808			52,308			45,928			41,548			42,530			38,837
Total Loans and Leases		60,367			54,189			49,286			43,728			44,185			40,035
Reserve for Loan and Lease Losses		(713	)		(697	)		(683	)		(624	)		(609	)		(573	)
Goodwill		979			738			740			720			545			432
Intangible Assets		150			195			236			267			235			264
Total Goodwill & Intangibles, net		1,129			933			976			987			780			696
Servicing Rights		352			299			263			426			429			382
Other Real Estate Owned		63			55			27			30			28			21
Operating Lease Equipment		304			767			—			—			—			—
Other Assets		4,842			3,892			3,344			3,738			3,338			2,652
Total Assets	$	94,456		$	91,254		$	80,932		$	71,064		$	69,671		$	62,157
Balance Sheet - Liabilities
Deposits	$	58,226		$	57,095		$	52,208		$	45,854		$	48,360		$	41,856
Borrowings:
Short-Term		10,026			13,170			8,823			7,453			6,344			10,096
Long-Term		13,983			9,063			8,179			7,030			6,066			3,106
Convertible Subordinated Debentures		—			—			—			—			173			173
Other Liabilities		3,297			3,259			2,657			2,553			1,993			1,323
Total Liabilities		85,532			82,587			71,867			62,890			62,936			56,554
Minority Interest		—			—			461			422			—			—
Balance Sheet - Equity
Common and Preferred Equity		10,507			9,749			8,779			7,748			6,708			5,905
Additional Minimum Pension Liability		(64	)		(63	)		(52	)		—			—			—
Net Unrealized (Losses) and Gains on Available-for-Sale Securities and Qualifying Cash Flow Hedges		(105	)		(57	)		421			8			28			(302	)
Treasury Stock, at Cost		(1,414	)		(962	)		(544	)		(4	)		(1	)		—
Total Shareholders’ Equity	$	8,924		$	8,667		$	8,604		$	7,752		$	6,735		$	5,603
Preferred Shares Outstanding		9,250			9,250			9,250			9,250			9,250			9,250
Common Shares Outstanding(net of treasury)		557,648,989			566,685,301			574,355,247			582,674,580			569,056,843			565,425,468
Treasury Shares Held		25,802,702			16,766,390			9,071,857			80,000			21,875			—

4

Yearly Data

	Years Ended December 31,
($ in millions)	2004			2003			2002			2001			2000			1999
Average Balance Sheet
Taxable Securities	$	29,365		$	27,584		$	22,145		$	18,482		$	17,246		$	15,390
Tax Exempt Securities		917			1,056			1,101			1,255			1,384			1,511
Loans & Leases		57,042			52,414			45,539			44,888			42,690			38,652
Other Earning Assets		315			307			339			201			200			327
Total Earning Assets		87,639			81,361			69,124			64,826			61,520			55,880
Cash and Due from Banks		2,216			1,600			1,551			1,482			1,456			1,628
Other Assets		5,763			5,250			5,007			5,000			4,229			3,344
Reserve for Loan and Lease Losses		(722	)		(730	)		(645	)		(625	)		(594	)		(560	)
Total Assets	$	94,896		$	87,481		$	75,037		$	70,683		$	66,611		$	60,292
Interest Checking	$	19,434		$	18,679		$	16,239		$	11,489		$	9,531		$	8,553
Savings		7,941			8,020			9,465			4,928			5,799			6,206
Money Market Deposits		3,473			3,189			1,162			2,552			939			1,328
Consumer Time Deposits		6,208			6,426			8,855			13,473			13,716			13,858
Total Customer Deposits		37,056			36,314			35,721			32,442			29,985			29,945
Certificates $100,000 & Over		2,403			3,832			2,237			3,821			4,283			4,197
Foreign Office Deposits		4,449			3,862			2,018			1,992			3,896			952
Short-Term Borrowings		13,539			12,373			7,191			8,799			9,725			8,573
Long-Term Borrowings		13,323			8,747			7,640			6,301			4,707			3,487
Total Interest-Bearing Liabilities		70,770			65,128			54,807			53,355			52,596			47,154
Demand Deposits		12,327			10,482			8,953			7,394			6,257			6,079
Other Liabilities		2,939			2,883			2,520			2,556			1,725			1,562
Total Liabilities		86,036			78,493			66,280			63,305			60,578			54,795
Minority Interest		—			234			440			30			—			—
Shareholders’ Equity		8,860			8,754			8,317			7,348			6,033			5,497
Total Liabilities & Shareholders’ Equity	$	94,896		$	87,481		$	75,037		$	70,683		$	66,611		$	60,292
Average Loans and Leases (excluding held for sale)	$	55,951		$	49,700		$	43,529		$	42,339		$	41,303		$	36,543
Average Common Shares Outstanding:
Basic		561,258,539			571,590,128			580,326,693			575,253,508			565,685,977			562,041,032
Diluted		568,234,313			580,003,074			592,020,246			591,316,210			578,973,325			575,895,318

5

Yearly Data

	Years Ended December 31,
($ in millions)	2004			2003			2002			2001			2000			1999
Asset Quality
Non-Accrual Loans & Leases	$	228		$	242		$	247		$	216		$	174		$	133
Renegotiated Loans & Leases		1			8			—			—			2			2
Other Assets, Including Other Real Estate Owned		74			69			26			19			25			19
Total Non-Performing Assets		303			319			273			235			201			154
Loans & Leases 90+ Days Past Due		142			145			162			164			128			83
Total NPAs Plus Loans & Leases Over 90 Days	$	445		$	464		$	435		$	399		$	329		$	237
Loan Portfolio(net of unearned discount)
Commercial & Residential Construction Loans	$	4,726		$	3,636		$	3,327		$	3,356		$	3,223		$	2,272
Commercial Mortgages		7,636			6,894			5,885			6,085			6,227			5,640
Commercial Loans & Leases		19,484			17,489			15,805			13,396			13,306			12,106
Residential Mortgages		7,533			5,530			6,804			6,563			7,167			7,750
Home Equity Loans		10,522			9,001			8,679			7,974			6,792			4,524
Credit Card Outstandings		843			762			537			448			362			318
Other Consumer Loans & Leases		9,623			10,877			8,249			5,906			7,108			7,425
Total Loans & Leases	$	60,367		$	54,189		$	49,286		$	43,728		$	44,185		$	40,035
Non-Performing Loans(non-accrual plus renegotiated)
Commercial Construction Loans	$	13		$	19		$	14		$	26		$	11		$	4
Commercial Mortgages		51			42			41			57			42			25
Commercial Loans & Leases		111			136			159			122			75			55
Residential Mortgage & Construction		23			26			18			11			42			48
Other Consumer Loans & Leases		31			27			15			—			6			3
Total NPA Loans	$	229		$	250		$	247		$	216		$	176		$	135
Net Charge-Offs
Gross Charge-Offs	$	321		$	380		$	273		$	273		$	164		$	183
Merger Related Charge-Offs		—			—			—			36			12			26
Recoveries		(69	)		(68	)		(86	)		(82	)		(67	)		(67	)
Net Charge-Offs	$	252		$	312		$	187		$	227		$	109		$	142

6

Quarterly Data

	Three Months Ended
	December 31, 2004		September 30, 2004		June 30, 2004		March 31, 2004		December 31, 2003		September 30, 2003		June 30, 2003		March 31, 2003
Ratios (%)
Return on Average Assets		0.72		1.95		1.91		1.88		1.93		1.85		1.92		1.90
Return on Average Equity		7.6		21.1		21.0		19.7		20.1		19.3		18.6		18.0
Average Equity/Average Assets		9.51		9.21		9.08		9.55		9.61		9.57		10.34		10.57
Net Interest Margin (FTE)		3.35		3.42		3.54		3.60		3.54		3.52		3.69		3.74
Efficiency		76.0		47.0		48.8		46.8		49.0		46.4		45.5		47.2
Net Charge-Offs/Average Loans & Leases		0.44		0.40		0.43		0.54		0.72		0.59		0.64		0.56
Reserve for Loan and Lease Losses/Loans and Leases Outstanding (a)		1.19		1.23		1.31		1.32		1.33		1.49		1.49		1.49
Reserve for Credit Losses/Loans & Leases Outstanding (a)		1.31		1.35		1.43		1.45		1.47		1.49		1.49		1.49
Nonperforming Assets/Loans, Leases and Other Assets, Including OREO		0.51		0.48		0.50		0.57		0.61		0.62		0.62		0.65
Underperforming Assets/Loans, Leases and Other Assets, Including OREO		0.74		0.72		0.73		0.82		0.89		0.90		0.90		0.93
Reserve for Loan and Lease Losses/Nonperforming Assets (a)		235.32		253.29		262.83		231.17		218.85		238.69		239.72		229.35
Reserve for Loan and Lease Losses/Underperforming Assets (a)		160.20		170.37		179.20		161.76		150.28		164.56		165.48		159.60
Reserve for Credit Losses/Nonperforming Assets (a)		259.05		278.70		286.87		253.92		242.01		238.69		239.72		229.35
Reserve for Credit Losses/Underperforming Assets (a)		176.36		187.47		195.60		177.67		166.19		164.56		165.48		159.60
Share Data
Earnings Per Share	$	0.31	$	0.84	$	0.80	$	0.76	$	0.78	$	0.73	$	0.72	$	0.68
Earnings Per Diluted Share		0.31		0.83		0.79		0.75		0.77		0.72		0.71		0.67
Dividends Per Common Share		0.35		0.32		0.32		0.32		0.29		0.29		0.29		0.26
Book Value Per Share		16.00		16.11		14.97		15.77		15.29		15.24		15.25		15.31
Common Shares Outstanding     (net of treasury)		557,648,989		561,112,890		560,804,042		562,131,643		566,685,301		570,298,014		569,963,718		574,743,788
Market Price Per Share:
High	$	52.34	$	54.07	$	57.00	$	60.00	$	60.01	$	59.44	$	60.49	$	62.15
Low		45.32		46.59		51.13		53.27		55.47		52.50		47.24		47.05
Close		47.30		49.22		53.78		55.37		59.10		55.54		57.42		50.23
Price/Earnings Ratio (b)		17.65		15.68		17.75		18.77		20.59		20.05		21.19		19.03
Supplemental Data
Common Dividends Declared ($ in millions)	$	195	$	180	$	180	$	180	$	164	$	166	$	165	$	150
Employees (Full-time Equivalents)		19,659		19,061		18,937		18,583		18,899		19,770		19,830		19,573
Banking Centers		1,011		1,005		992		960		952		942		943		941
ATMs		1,898		1,872		1,844		1,827		1,905		1,891		1,883		1,880

(a) As of December 31, 2004, the reserve for unfunded commitments has been reclassified from the reserve for loan and lease losses to other liabilities. The 2003 year end reserve for unfunded commitments and all subsequent activity has been reclassified to conform to the current presentation. The reserve for credit losses is the sum of the reserve for loan and lease losses and the reserve for unfunded commitments.

(b) Based on the most recent twelve-month earnings per diluted share and end of period stock prices.

7

Quarterly Data

	Three Months Ended
		December 31, 2004			September 30, 2004			June 30, 2004			March 31, 2004			December 31, 2003			September 30, 2003			June 30, 2003			March 31, 2003
Income Statement ($ in millions)
Interest Income-FTE	$	1,090		$	1,052		$	1,009		$	999		$	998		$	993		$	1,030		$	1,010
Interest Expense		338			286			238			240			253			258			281			294
Net Interest Income-FTE		752			766			771			759			745			735			749			716
Provision for Loan and Lease Losses		65			26			90			87			94			112			109			85
Noninterest Income:
Electronic Payment Processing Revenue		173			152			148			148			160			143			141			130
Service Charges on Deposits		126			134			131			123			125			125			121			114
Investment Advisory Revenue		82			88			97			93			85			85			83			80
Mortgage Banking Net Revenue		24			49			61			44			57			75			93			78
Other Noninterest Income		113			126			258			130			104			161			131			149
Operating Lease Revenue		27			35			44			52			58			66			—			—
Securities (Losses) Gains, Net		(78	)		16			—			25			2			15			39			25
Securities Gains, Net - Non-Qualifying Hedges on Mortgage Servicing		—			—			—			—			—			—			2			1
Foreign Exchange Income		12			11			10			11			8			10			8			9
Total Noninterest Income		479			611			749			626			599			680			618			586
Noninterest Expense:
Salaries, Wages & Incentives		266			252			254			245			244			249			269			269
Employee Benefits		56			64			66			76			53			61			65			61
Equipment Expense		23			22			19			20			21			21			20			20
Net Occupancy Expense		48			45			47			46			47			36			38			38
Deposit Insurance Expense		2			2			6			6			6			6			2			2
Operating Lease Expense		20			24			32			38			44			50			—			—
Other Noninterest Expense		520			239			318			217			242			234			227			224
Total Noninterest Expense		935			648			742			648			657			657			621			614
Income From Continuing Operations Before Income Taxes, Minority Interest and Cumulative Effect FTE		231			703			688			650			593			646			637			603
Taxable Equivalent Adjustment		9			9			9			9			10			10			10			10
Income From Continuing Operations Before Income Taxes, Minority Interest and Cumulative Effect		222			694			679			641			583			636			627			593
Applicable Income Taxes		46			223			231			211			182			208			202			194
Income From Continuing Operations Before Minority Interest and Cumulative Effect		176			471			448			430			401			428			425			399
Minority Interest, Net of Tax		—			—			—			—			—			—			(11	)		(10	)
Income From Continuing Operations Before Cumulative Effect		176			471			448			430			401			428			414			389
Income From Discontinued Operations, Net of Tax (a)		—			—			—			—			41			1			1			1
Income Before Cumulative Effect		176			471			448			430			442			429			415			390
Cumulative Effect of Change in Accounting Principle, Net of Tax		—			—			—			—			—			(11	)		—			—
Net Income	$	176		$	471		$	448		$	430		$	442		$	418		$	415		$	390
Net Income Available to Common Shareholders (b)	$	176		$	471		$	448		$	430		$	441		$	417		$	415		$	390
Regulatory Capital Data ($ in millions) (c)
Tier 1 Capital	$	8,523		$	8,666		$	8,346		$	8,394		$	8,272		$	8,182		$	8,009		$	8,034
Tier 2 Capital		1,673			1,674			1,763			1,727			1,824			1,845			1,746			1,200
Total Risk-Based Capital	$	10,196		$	10,340		$	10,109		$	10,121		$	10,096		$	10,027		$	9,755		$	9,234
Total Risk-Weighted Assets	$	81,536		$	80,749		$	78,779		$	76,587		$	74,477		$	72,893		$	69,849		$	66,737
Tier 1 Risk-Based Capital Ratio		10.45	%		10.73	%		10.59	%		10.96	%		11.11	%		11.22	%		11.47	%		12.04	%
Total Risk-Based Capital Ratio		12.50	%		12.81	%		12.83	%		13.22	%		13.56	%		13.76	%		13.97	%		13.84	%
Leverage Ratio		8.89	%		9.13	%		8.97	%		9.23	%		9.23	%		9.21	%		9.29	%		9.79	%

(a) Includes gain on sale of discontinued operations of $40 million, net of tax, in 4th quarter 2003.

(b) Dividend on Preferred Stock is $.185 million for all quarters presented.

(c) December 31, 2004 regulatory capital data and ratios are estimated.

8

Quarterly Data

($ in millions)	December 31, 2004			September 30, 2004			June 30, 2004			March 31, 2004			December 31, 2003			September 30, 2003			June 30, 2003			March 31, 2003
Balance Sheet - Assets
Cash and Due from Banks	$	2,561		$	2,313		$	2,358		$	2,012		$	2,359		$	2,394		$	1,776		$	1,772
Available-for-Sale Securities		24,687			31,557			30,180			30,577			28,999			28,011			29,053			27,190
Held-to-Maturity Securities		255			254			212			179			135			145			106			86
Trading Securities		77			81			97			96			55			96			49			33
Other Short-Term Investments		532			384			258			191			268			163			233			782
Total Securities		25,551			32,276			30,747			31,043			29,457			28,415			29,441			28,091
Total Cash and Securities		28,112			34,589			33,105			33,055			31,816			30,809			31,217			29,863
Loans Held for Sale		559			452			577			1,661			1,881			1,528			3,245			3,011
Loans and Leases Held for Investment(before reserve)		59,808			58,036			56,679			53,912			52,308			51,807			49,357			47,267
Total Loans and Leases		60,367			58,488			57,256			55,573			54,189			53,335			52,602			50,278
Reserve for Loan and Lease Losses		(713	)		(713	)		(744	)		(713	)		(697	)		(772	)		(735	)		(703	)
Goodwill		979			980			979			738			738			738			738			740
Intangible Assets		150			157			164			155			195			213			222			232
Total Goodwill & Intangibles, net		1,129			1,137			1,143			893			933			951			960			972
Servicing Rights		352			349			358			283			299			285			244			249
Other Real Estate Owned		63			61			54			57			55			46			33			30
Operating Lease Equipment		304			394			525			658			767			899			—			—
Other Assets		4,842			4,060			3,985			3,996			3,892			3,899			3,982			3,636
Total Assets	$	94,456		$	98,365		$	95,682		$	93,802		$	91,254		$	89,452		$	88,303		$	84,325
Balance Sheet - Liabilities
Interest Checking	$	19,481		$	19,362		$	19,243		$	19,376		$	19,757		$	18,715		$	18,432		$	18,682
Savings		8,310			8,307			7,973			7,391			7,375			7,895			7,981			8,098
Money Market Deposits		4,321			4,264			2,854			2,995			3,201			3,389			3,299			2,852
Consumer Time Deposits		6,837			6,569			6,019			5,978			6,201			6,211			6,571			7,003
Total Customer Deposits		38,949			38,502			36,089			35,740			36,534			36,210			36,283			36,635
Certificates $100,000 & Over		2,121			2,092			2,825			2,569			1,856			2,484			4,797			5,433
Foreign Deposits		3,670			3,380			5,957			4,567			6,563			3,725			3,162			2,022
Short-Term Borrowings		10,026			13,973			11,517			15,253			13,171			13,741			11,527			9,199
Long-Term Borrowings		13,983			15,128			14,775			10,990			9,063			9,255			8,338			8,033
Total Interest-Bearing Liabilities		68,749			73,075			71,163			69,119			67,187			65,415			64,107			61,322
Demand Deposits		13,486			12,886			13,037			12,374			12,141			11,875			11,634			10,469
Other Liabilities		3,297			3,364			3,089			3,445			3,259			3,468			3,389			3,264
Total Liabilities		85,532			89,325			87,289			84,938			82,587			80,758			79,130			75,055
Minority Interest		—			—			—			—			—			—			482			472
Balance Sheet - Equity
Common and Preferred Equity		10,507			10,515			10,225			9,989			9,749			9,460			9,235			9,014
Additional Minimum Pension Liability		(64	)		(66	)		(63	)		(63	)		(63	)		(52	)		(52	)		(52	)
Net Unrealized (Losses) and Gains on Available-for-Sale Securities and Qualifying Cash Flow Hedges		(105	)		(152	)		(491	)		162			(57	)		43			288			349
Treasury Stock, at Cost		(1,414	)		(1,257	)		(1,278	)		(1,224	)		(962	)		(757	)		(780	)		(513	)
Total Shareholders’ Equity	$	8,924		$	9,040		$	8,393		$	8,864		$	8,667		$	8,694		$	8,691		$	8,798
Preferred Shares Outstanding		9,250			9,250			9,250			9,250			9,250			9,250			9,250			9,250
Common Shares Outstanding(net of treasury)		557,648,989			561,112,890			560,804,042			562,131,643			566,685,301			570,298,014			569,963,718			574,743,788
Treasury Shares Held		25,802,702			22,338,801			22,647,649			21,320,048			16,766,390			13,153,677			13,487,973			8,697,903

9

Quarterly Data

	Three Months Ended
($ in millions)	December 31, 2004			September 30, 2004			June 30, 2004			March 31, 2004			December 31, 2003			September 30, 2003			June 30, 2003			March 31, 2003
Average Balance Sheet
Taxable Securities	$	28,859		$	30,523		$	30,253		$	29,085		$	28,568		$	27,916		$	28,461		$	26,595
Tax Exempt Securities		866			890			920			995			1,026			1,050			1,062			1,087
Loans & Leases		59,440			57,679			56,325			54,688			53,886			53,871			51,813			50,026
Total Earning Assets		89,165			89,092			87,498			84,768			83,480			82,837			81,336			77,708
Cash and Due from Banks		2,445			2,265			2,106			2,046			2,044			1,398			1,399			1,558
Other Assets		6,171			5,603			5,447			5,828			5,863			5,925			4,676			4,513
Reserve for Loan and Lease Losses		(719	)		(748	)		(720	)		(699	)		(771	)		(740	)		(712	)		(694	)
Total Assets	$	97,062		$	96,212		$	94,331		$	91,943		$	90,616		$	89,420		$	86,699		$	83,085
Interest Checking	$	19,345		$	19,570		$	19,268		$	19,552		$	19,303		$	18,673		$	18,527		$	18,202
Savings		8,447			8,212			7,803			7,294			7,700			8,095			8,082			8,207
Money Market Deposits		4,227			3,542			2,965			3,149			3,388			3,356			2,989			3,016
Consumer Time Deposits		6,681			6,539			5,822			5,780			6,086			5,941			6,443			7,250
Total Customer Deposits		38,700			37,863			35,858			35,775			36,477			36,065			36,041			36,675
Certificates $100,000 & Over		2,106			2,459			2,836			2,213			2,170			4,472			5,115			3,578
Foreign Office Deposits		4,073			3,315			4,488			5,935			5,606			3,340			3,529			2,951
Short-Term Borrowings		11,208			13,274			15,175			14,529			14,254			13,554			11,430			10,197
Long-Term Borrowings		15,585			15,055			12,317			10,294			9,149			9,581			8,109			8,130
Total Interest-Bearing Liabilities		71,672			71,966			70,674			68,746			67,656			67,012			64,224			61,531
Demand Deposits		13,107			12,537			12,251			11,402			11,460			10,859			10,055			9,529
Other Liabilities		3,054			2,848			2,840			3,016			2,792			2,988			2,979			2,774
Total Liabilities		87,833			87,351			85,765			83,164			81,908			80,859			77,258			73,834
Minority Interest		—			—			—			—			—			—			477			466
Shareholders’ Equity		9,229			8,861			8,566			8,779			8,708			8,561			8,964			8,785
Total Liabilities & Shareholders’ Equity	$	97,062		$	96,212		$	94,331		$	91,943		$	90,616		$	89,420		$	86,699		$	83,085
Average Loans and Leases (excluding held for sale)	$	58,714		$	57,160		$	54,960		$	52,927		$	52,402		$	50,615		$	48,561		$	47,155
Average Common Shares Outstanding:
Basic		560,161,550			560,335,242			560,976,289			563,583,277			568,104,211			570,087,666			573,887,821			574,366,138
Diluted		566,107,746			566,543,043			568,715,944			571,612,473			576,881,193			578,777,162			581,663,343			582,768,769

10

Quarterly Data

	Three Months Ended
($ in millions)	December 31, 2004			September 30, 2004			June 30, 2004			March 31, 2004			December 31, 2003			September 30, 2003			June 30, 2003			March 31, 2003
Asset Quality
Non-Accrual Loans & Leases	$	228		$	207		$	216		$	233		$	242		$	271		$	273		$	277
Renegotiated Loans & Leases		1			3			3			1			8			—			—			—
Other Assets, Including Other Real Estate Owned		74			72			64			74			69			52			33			30
Total Non-Performing Assets		303			282			283			308			319			323			306			307
Loans & Leases 90+ Days Past Due		142			137			132			133			145			146			138			134
Total NPAs Plus Loans & Leases Over 90 Days	$	445		$	419		$	415		$	441		$	464		$	469		$	444		$	441
Loan Portfolio (net of unearned discount)
Commercial & Residential Construction Loans	$	4,726		$	4,448		$	4,108		$	3,820		$	3,636		$	3,470		$	3,362		$	3,361
Commercial Mortgages		7,636			7,644			7,541			7,197			6,894			6,590			6,297			5,984
Commercial Loans & Leases		19,484			18,628			18,551			17,899			17,489			16,987			17,038			16,379
Residential Mortgages		7,533			6,912			6,416			5,811			5,530			6,015			6,351			6,274
Home Equity Loans		10,522			10,253			9,849			9,305			9,001			8,704			9,283			8,921
Credit Card Outstandings		843			809			779			757			762			620			588			562
Other Consumer Loans & Leases		9,623			9,794			10,012			10,784			10,877			10,949			9,683			8,797
Total Loans & Leases	$	60,367		$	58,488		$	57,256		$	55,573		$	54,189		$	53,335		$	52,602		$	50,278
Average Loan Portfolio (net of unearned discount)
Commercial & Residential Construction Loans	$	4,625		$	4,315		$	3,924		$	3,746		$	3,547		$	3,401		$	3,339		$	3,360
Commercial Mortgages		7,617			7,582			7,327			7,034			6,708			6,423			6,127			5,930
Commercial Loans & Leases		18,898			18,368			18,030			17,507			17,176			16,949			16,663			16,032
Residential Mortgages		7,346			6,631			6,173			5,654			5,927			6,689			6,814			6,838
Home Equity Loans		10,414			10,060			9,563			9,143			8,881			9,500			9,129			8,823
Credit Card Outstandings		827			797			767			758			642			609			580			533
Other Consumer Loans & Leases		9,713			9,926			10,541			10,846			11,005			10,300			9,161			8,510
Total Loans & Leases	$	59,440		$	57,679		$	56,325		$	54,688		$	53,886		$	53,871		$	51,813		$	50,026
Non-Performing Loans (non-accrual plus renegotiated)
Commercial Construction Loans	$	13		$	11		$	14		$	23		$	19		$	20		$	17		$	14
Commercial Mortgages		51			51			47			48			42			42			46			47
Commercial Loans & Leases		111			99			107			111			136			158			163			172
Residential Mortgages & Construction		23			22			23			25			26			27			23			22
Other Consumer Loans & Leases		31			27			28			27			27			24			24			22
Total NPA Loans	$	229		$	210		$	219		$	234		$	250		$	271		$	273		$	277
Credit Charge-Offs
Gross Charge-Offs	$	84		$	72		$	76		$	88		$	115		$	92		$	91		$	82
Recoveries		(19	)		(15	)		(17	)		(17	)		(19	)		(17	)		(14	)		(18	)
Net Charge-Offs	$	65		$	57		$	59		$	71		$	96		$	75		$	77		$	64

11