Fifth Third Bancorp (FITB) 8-K Fifth Third Bancorp Reports Second Quarter 2007

Exhibit 99.1

		News Release
CONTACTS:	Jeff Richardson (Analysts)	FOR IMMEDIATE RELEASE
	(513) 534-0983	July 19, 2007
	Jim Eglseder (Analysts)
	(513) 534-8424
	Debra DeCourcy, APR (Media)
	(513) 534-4153

FIFTH THIRD BANCORP REPORTS SECOND QUARTER 2007

EARNINGS OF $0.69 PER DILUTED SHARE

Earnings Highlights

	For the Three Months Ended															% Change
	June 2007			March 2007			December 2006			September 2006			June 2006			Seq		Yr/Yr
Net income (in millions)	$	376		$	359		$	66		$	377		$	382		5	%	(2	)%
Common Share Data
Earnings per share, basic		0.69			0.65			0.12			0.68			0.69		6	%	—
Earnings per share, diluted		0.69			0.65			0.12			0.68			0.69		6	%	—
Cash dividends per common share		0.42			0.42			0.40			0.40			0.40		—		5	%
Financial Ratios
Return on average assets		1.49	%		1.47	%		0.25	%		1.41	%		1.45	%	1	%	3	%
Return on average equity		15.7			14.6			2.6			15.1			16.0		8	%	(2	)%
Tangible equity		6.92			7.65			7.79			7.40			6.92		(10	)%	—
Net interest margin (a)		3.37			3.44			3.16			2.99			3.01		(2	)%	12	%
Efficiency (a)		55.3			57.0			82.9			55.5			55.3		(3	)%	—
Common shares outstanding (in thousands)		535,697			550,077			556,253			558,066			557,894		(3	)%	(4	)%
Average common shares outstanding (in thousands):
Basic		540,264			551,501			554,978			555,565			554,978		(2	)%	(3	)%
Diluted		543,228			554,175			557,654			557,949			557,489		(2	)%	(3	)%

(a) Presented on a fully taxable equivalent basis

Fifth Third Bancorp today reported second quarter 2007 earnings of $376 million, or $0.69 per diluted share, compared with $359 million, or $0.65 per diluted share, in the first quarter of 2007 and $382 million, or $0.69 per diluted share, for the same period in 2006.

Second quarter 2007 results included a $16 million pre-tax gain ($0.02 per share) on the sale of certain non-strategic credit card accounts, partially offset by $7 million in pre-tax costs ($0.01 per share) associated with the implementation of expense reduction initiatives, including severance. Second quarter 2006 results included a pre-tax gain of $24 million from the redemption of a portion of the common shares of MasterCard Incorporated held by Fifth Third, which was partially offset by $10 million of losses on certain securities sold during that quarter. These items benefited earnings per share in the second quarter of 2006 by net $0.02 per share.

“Second quarter results were strong across most areas of the Company,” said Kevin T. Kabat, President and CEO of Fifth Third Bancorp. “Revenue growth of six percent was gratifying in a fairly tough environment. Net interest income was up despite a continued challenging interest rate environment and share repurchases, and we saw fee growth of eight percent, generally reflecting across the board increases. Expenses were also well managed during the quarter. On the other hand, credit is a challenge at this point in the cycle, and we are actively managing our risks in this kind of environment. We do expect continued deterioration in credit trends for the near future, but they remain within our expectations. All told, we were pleased with our results, and remain very focused on executing on our strategic plans and building shareholder value.”

Income Statement Highlights

	For the Three Months Ended											% Change
	June 2007		March 2007		December 2006			September 2006		June 2006		Seq		Yr/Yr
Condensed Statements of Income ($ in millions)
Net interest income (taxable equivalent)	$	745	$	742	$	744		$	719	$	716	—		4	%
Provision for loan and lease losses		121		84		107			87		71	45	%	70	%
Total noninterest income		707		648		219			662		655	9	%	8	%
Total noninterest expense		803		793		798			767		759	1	%	6	%
Income before income taxes (taxable equivalent)		528		513		58			527		541	3	%	(2	)%
Taxable equivalent adjustment		6		6		6			6		6	—		—
Applicable income taxes		146		148		(14	)		144		153	(1	)%	(5	)%
Net income available to common shareholders (a)		375		359		66			377		382	5	%	(2	)%
Earnings per share, diluted	$	0.69	$	0.65	$	0.12		$	0.68	$	0.69	6	%	—

(a) Dividends on preferred stock are $ .185 million for all quarters presented

Net Interest Income

	For the Three Months Ended															% Change
	June 2007			March 2007			December 2006			September 2006			June 2006			Seq		Yr/Yr
Interest Income ($ in millions)
Total interest income (taxable equivalent)	$	1,495		$	1,466		$	1,551		$	1,540		$	1,483		2	%	1	%
Total interest expense		750			724			807			821			767		4	%	(2	)%
Net interest income (taxable equivalent)	$	745		$	742		$	744		$	719		$	716		—		4	%
Average Yield
Yield on interest-earning assets		6.76	%		6.79	%		6.58	%		6.40	%		6.23	%	—		9	%
Yield on interest-bearing liabilities		4.08			4.07			4.17			4.14			3.90		—		5	%
Net interest rate spread (taxable equivalent)		2.68			2.72			2.41			2.26			2.33		(1	)%	15	%
Net interest margin (taxable equivalent)		3.37			3.44			3.16			2.99			3.01		(2	)%	12	%
Average Balances ($ in millions)
Loans and leases, including held for sale	$	77,048		$	75,861		$	75,262		$	73,938		$	73,093		2	%	5	%
Total securities and other short-term investments		11,711			11,673			18,262			21,582			22,439		—		(48	)%
Total interest-bearing liabilities		73,735			72,148			76,769			78,735			78,870		2	%	(7	)%
Shareholders’ equity		9,599			9,970			10,150			9,878			9,607		(4	)%	—

Net interest income of $745 million on a taxable equivalent basis was up $3 million from the first quarter. Growth was driven by consumer deposit production and modest reductions in consumer deposit rates, loan growth, and day count. These contributions were offset by the impact of the first quarter issuance of $750

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million trust preferred securities and share repurchase activity during the first and second quarters. The net interest margin was 3.37 percent, down 7 bps, with the reduction driven by the effect of debt issuance, share repurchases and day count, partially offset by deposit growth and pricing.

Compared with the second quarter 2006, net interest income increased $29 million, or four percent, and the net interest margin expanded 36 bps, primarily the result of the fourth quarter 2006 balance sheet actions.

During the quarter, we repurchased 16.7 million shares at a total cost of $693 million. As of June 30, 2007, there were 22.1 million shares remaining under our current share repurchase authorization.

Average Loans

	For the Three Months Ended										% Change
	June 2007		March 2007		December 2006		September 2006		June 2006		Seq		Yr/Yr
Average Loans and Leases ($ in millions)
Commercial:
Commercial loans	$	21,587	$	20,908	$	21,228	$	20,879	$	20,338	3	%	6	%
Commercial mortgage		11,030		10,566		9,929		9,833		9,980	4	%	11	%
Commercial construction		5,595		6,014		6,099		5,913		5,840	(7	)%	(4	)%
Commercial leases		3,678		3,661		3,762		3,740		3,729	—		(1	)%
Subtotal - commercial loans and leases		41,890		41,149		41,018		40,365		39,887	2	%	5	%
Consumer:
Residential mortgage loans		10,201		10,166		10,038		9,699		9,491	—		7	%
Home equity		11,886		12,072		12,225		12,174		11,999	(2	)%	(1	)%
Automobile loans		10,552		10,230		9,834		9,522		9,480	3	%	11	%
Credit card		1,248		1,021		915		870		797	22	%	57	%
Other consumer loans and leases		1,271		1,223		1,232		1,308		1,439	4	%	(12	)%
Subtotal - consumer loans and leases		35,158		34,712		34,244		33,573		33,206	1	%	6	%
Total average loans and leases	$	77,048	$	75,861	$	75,262	$	73,938	$	73,093	2	%	5	%

Average loan and lease balances grew two percent sequentially and five percent over the second quarter last year. Average commercial loans and leases grew two percent sequentially and five percent compared with the year ago quarter. Average C&I loan growth was three percent sequentially, whereas commercial mortgage and construction loans were flat, with commercial mortgage growth driven by the conversion of construction loans to permanent financing. Consumer loans and leases grew one percent sequentially and six percent compared with the year ago quarter, reflecting strong auto loan and credit card growth offset by anticipated run-off in the consumer lease portfolio totaling $442 million versus second quarter 2006. Excluding this run-off, consumer loans and leases grew eight percent versus the quarter a year ago.

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Average Deposits

	For the Three Months Ended										% Change
	June 2007		March 2007		December 2006		September 2006		June 2006		Seq		Yr/Yr
Average Deposits ($ in millions)
Demand deposits	$	13,370	$	13,185	$	13,882	$	13,642	$	13,764	1	%	(3	)%
Interest checking		15,061		15,509		15,744		16,251		17,025	(3	)%	(12	)%
Savings		14,620		13,689		12,812		12,279		12,064	7	%	21	%
Money market		6,244		6,377		6,572		6,371		6,429	(2	)%	(3	)%
Subtotal - Transaction deposits		49,295		48,760		49,010		48,543		49,282	1	%	—
Other time		10,780		11,037		10,991		10,794		10,449	(2	)%	3	%
Subtotal - Core deposits		60,075		59,797		60,001		59,337		59,731	—		1	%
Certificates - $100,000 and over		6,511		6,682		6,750		6,415		5,316	(3	)%	22	%
Foreign office		2,369		1,707		2,758		3,668		4,382	39	%	(46	)%
Total deposits	$	68,955	$	68,186	$	69,509	$	69,420	$	69,429	1	%	(1	)%

Average core deposits were relatively flat sequentially (up two percent annualized) and grew one percent over second quarter 2006. Strong growth in savings products and modest growth in demand deposits were largely offset by declines in interest checking and CDs. Retail core deposits remained solid, up two percent or six percent annualized, driven primarily by growth in savings and demand deposit balances. Commercial core deposits exhibited modest declines in all categories.

Weighted average rates paid on interest-bearing core deposits remained relatively steady at 3.39 percent compared with 3.43 percent in the first quarter. This reflected a modest reduction in rates paid across certain product offerings offset by a continued, but slowing mix shift toward higher rate deposit products, primarily savings accounts.

Noninterest Income

	For the Three Months Ended											% Change
	June 2007		March 2007		December 2006			September 2006		June 2006		Seq		Yr/Yr
Noninterest Income ($ in millions)
Electronic payment processing revenue	$	243	$	225	$	232		$	218	$	211	8	%	15	%
Service charges on deposits		142		126		122			134		135	13	%	6	%
Investment advisory revenue		97		96		90			89		96	2	%	1	%
Corporate banking revenue		88		83		82			79		82	6	%	8	%
Mortgage banking net revenue		41		40		30			36		41	4	%	—
Other noninterest income		96		78		58			87		76	22	%	27	%
Securities gains (losses), net		—		—		(398	)		19		14	NM		(100	)%
Securities gains, net - non-qualifying hedges on mortgage servicing rights		—		—		3			—		—	NM		NM
Total noninterest income	$	707	$	648	$	219		$	662	$	655	9	%	8	%

Noninterest income rose $59 million sequentially, or nine percent, on higher revenues in all fee categories. Compared with second quarter 2006, noninterest income grew eight percent, with growth across all categories, but particularly strong in electronic payment processing revenue, deposit service charges and corporate banking revenue. Second quarter 2007 results included a gain of $16 million on the sale of $89 million in non-strategic credit card accounts. Second quarter 2006 results included a $24 million gain from the redemption of a portion of the common shares of MasterCard Incorporated held by Fifth Third, partially offset by $10 million of losses on certain securities sold in the same quarter. Excluding the above-mentioned items, sequential noninterest income growth was seven percent and year-over-year growth was eight percent.

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Electronic payment processing revenue of $243 million increased eight percent sequentially and fifteen percent over last year on strong growth in merchant processing, card issuer interchange, and financial institutions revenue. We expect large national contracts signed with the U.S. Treasury and, more recently, Walgreens, to continue to support merchant revenue growth going forward. Card issuer interchange was driven by higher card usage and an increase in credit card accounts stemming from success in our initiative to increase our customer penetration. Higher card usage volumes drove the financial institutions revenue growth.

Service charges on deposits of $142 million increased thirteen percent sequentially and six percent versus the same quarter last year. Retail service charges increased twenty-three percent from seasonally weak first quarter numbers, driven by more normal levels of customer activity. Retail deposit revenue grew eleven percent compared with the year ago quarter. Commercial service charges increased by two percent sequentially, and declined one percent compared with last year reflecting the effect of higher earnings credit rates.

Investment advisory revenue of $97 million was up two percent sequentially and one percent over second quarter last year. Private Bank revenue declined modestly due to the earlier completion and filing of seasonal tax returns in the first quarter of 2007, affecting sequential and year-over-year comparisons. Brokerage fee revenue grew eleven percent sequentially and six percent year-over-year largely, reflecting additions of quality brokers and higher broker productivity.

Corporate banking revenue of $88 million increased six percent sequentially led by strong growth in customer interest rate derivatives income, syndications and asset backed securities fees, and foreign exchange and letter of credit fees. Compared with last year, revenue increased eight percent as a result of solid growth in interest rate derivatives income, institutional sales, and syndication fees.

Mortgage banking net revenue totaled $41 million, compared with $40 million last quarter and $41 million in the prior year quarter. Mortgage originations of $3.3 billion improved from $2.9 billion in first quarter 2007 and $2.6 billion in second quarter 2006. Gain-on-sale margins narrowed modestly, resulting in second quarter origination fees and gains on loan sales of $25 million, compared with $26 million in the first quarter and $27 million in second quarter 2006. Net servicing revenue, before MSR valuation adjustments, totaled $13 million in the second quarter, compared with $14 million in the first quarter and $14 million a year ago. The MSR valuation and related mark-to-market adjustments on free-standing derivatives netted to a positive $3 million adjustment in the second quarter compared with less than $1 million in the first and year ago quarters. The mortgage-servicing asset, net of the valuation reserve, was $602 million at quarter end on a servicing portfolio of $31.5 billion.

Other noninterest income totaled $96 million in the second quarter, compared with $78 million last quarter and $76 million in the same quarter last year. The increase resulted primarily from the $16 million gain on sale of $89 million in certain non-strategic credit card accounts.

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Noninterest Expense

	For the Three Months Ended										% Change
	June 2007		March 2007		December 2006		September 2006		June 2006		Seq		Yr/Yr
Noninterest Expense ($ in millions)
Salaries, wages and incentives	$	309	$	292	$	300	$	288	$	303	6	%	2	%
Employee benefits		68		87		61		74		69	(23	)%	(2	)%
Payment processing expense		97		92		89		84		80	5	%	21	%
Net occupancy expense		68		65		65		63		59	4	%	14	%
Technology and communications		41		40		39		36		34	4	%	22	%
Equipment expense		31		29		30		32		28	5	%	10	%
Other noninterest expense		189		188		214		190		186	1	%	2	%
Total noninterest expense	$	803	$	793	$	798	$	767	$	759	1	%	6	%

Noninterest expense of $803 million increased one percent from first quarter 2007 and increased six percent from second quarter 2006. Second quarter expenses included $7 million in one-time costs associated with expense reduction initiatives, primarily related to severance. Expenses were otherwise flat sequentially and up five percent versus a year ago. Salaries, wages and incentives were up six percent sequentially, reflecting severance of $5 million, relatively flat salary and wages and higher revenue based incentives. Seasonally higher FICA and unemployment expenses in the first quarter primarily drove the sequential decline in employee benefit expense. Compared with the second quarter of 2006, compensation expense trends reflected a relatively stable employee base. Payment processing expense growth of 21 percent was driven by similar growth in transaction volumes. Year-over-year expense growth in other categories largely reflected higher de novo related expenses and technology investments.

Credit Quality

	For the Three Months Ended
	June 2007			March 2007			December 2006			September 2006			June 2006
Total net losses charged off ($ in millions)
Commercial loans	$	(24	)	$	(15	)	$	(29	)	$	(25	)	$	(22	)
Commercial mortgage loans		(16	)		(7	)		(11	)		(7	)		(4	)
Commercial construction loans		(7	)		(6	)		(3	)		(1	)		(3	)
Commercial leases		—			(1	)		—			1			(1	)
Residential mortgage loans		(9	)		(7	)		(8	)		(5	)		(6	)
Home equity		(20	)		(17	)		(14	)		(14	)		(13	)
Automobile loans		(15	)		(16	)		(19	)		(15	)		(10	)
Credit card		(10	)		(8	)		(10	)		(8	)		(7	)
Other consumer loans and leases		(1	)		6			(3	)		(5	)		(1	)
Total net losses charged off		(102	)		(71	)		(97	)		(79	)		(67	)
Total losses		(124	)		(99	)		(118	)		(96	)		(96	)
Total recoveries		22			28			21			17			29
Total net losses charged off	$	(102	)	$	(71	)	$	(97	)	$	(79	)	$	(67	)
Ratios
Net losses charged off as a percent of average loans and leases		0.55	%		0.39	%		0.52	%		0.43	%		0.37	%
Commercial		0.44	%		0.27	%		0.42	%		0.32	%		0.30	%
Consumer		0.68	%		0.53	%		0.64	%		0.57	%		0.46	%

Net charge-offs as a percentage of average loans and leases were 55 bps in the second quarter, in line with expectations, compared with 39 bps last quarter and 37 bps in the second quarter of 2006. Gross charge-offs and recoveries were 66 bps and 11 bps, respectively, of loans and leases, compared with 54 bps and 15 bps

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in the first quarter of 2007. Commercial net charge-off growth of $18 million was driven by higher losses on commercial mortgages and a $6 million loss related to the liquidation of a commercial borrower. Consumer net charge-off growth of $13 million reflected first quarter recoveries on the proceeds of $10 million in charged-off consumer loans and higher losses on consumer real estate. Second quarter net charge-offs included $3 million in losses related to the sale of $27 million in nonperforming commercial loans. First quarter net charge-offs included $5 million in losses related to the sale of $39 million in nonperforming commercial loans, as well as the $10 million in recoveries on the charge-off sale of charged-off consumer loans. The commercial and consumer net charge-off ratios were 44 bps and 68 bps, respectively, up from 27 bps and 53 bps in the first quarter.

	For the Three Months Ended
	June 2007			March 2007			December 2006			September 2006			June 2006
Allowance for Credit Losses ($ in millions)
Allowance for loan and lease losses, beginning	$	784		$	771		$	761		$	753		$	749
Total net losses charged off		(102	)		(71	)		(97	)		(79	)		(67	)
Provision for loan and lease losses		121			84			107			87			71
Allowance for loan and lease losses, ending		803			784			771			761			753
Reserve for unfunded commitments, beginning		79			76			76			74			69
Provision for unfunded commitments		(2	)		3			—			2			5
Reserve for unfunded commitments, ending		77			79			76			76			74
Components of allowance for credit losses:
Allowance for loan and lease losses		803			784			771			761			753
Reserve for unfunded commitments		77			79			76			76			74
Total allowance for credit losses	$	880		$	863		$	847		$	837		$	827
Ratios
Allowance for loan and lease losses as a percent of loans and leases		1.06	%		1.05	%		1.04	%		1.04	%		1.04	%

Provision for loan and lease losses totaled $121 million in the second quarter compared with $84 million last quarter and $71 million in the same quarter last year. The allowance for loan and lease losses represented 1.06 percent of total loans and leases outstanding as of quarter end, compared with 1.05 percent last quarter and 1.04 percent in the same quarter last year.

	For the Three Months Ended
	June 2007			March 2007			December 2006			September 2006			June 2006
Nonperforming Assets and Delinquent Loans ($ in millions)
Nonaccrual loans and leases	$	406		$	390		$	352		$	320		$	281
Other assets, including other real estate owned		122			104			103			91			77
Total nonperforming assets		528			494			455			411			358
Ninety days past due loans and leases		302			243			210			196			191
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned		0.70	%		0.66	%		0.61	%		0.56	%		0.49	%

Nonperforming assets (NPAs) at quarter end were $528 million, or 70 bps of total loans and leases and other real estate owned, up from 66 bps last quarter and 49 bps in the first quarter a year ago. Sequential growth in NPAs was $34 million, or 7 percent. Consumer NPA growth of $22 million was driven by higher foreclosed real estate and higher repossessed autos reflecting an acceleration in our auto repossession policy late last year. Commercial NPA growth of $12 million was driven by growth in commercial mortgage and construction

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NPAs, particularly in Eastern Michigan. We sold $27 million in commercial NPAs, in the quarter compared with $39 million in commercial NPAs sold in the first quarter. Delinquent loans were $302 million, up $59 million from the first quarter, with approximately two thirds of the growth in commercial. Commercial delinquency growth was concentrated in real estate lending, particularly in Michigan and South Florida. Consumer growth was driven by residential delinquencies in South Florida, Northeastern Ohio, and Eastern Michigan.

Capital Position

	For the Three Months Ended
	June 2007 (a)		March 2007		December 2006		September 2006		June 2006
Capital Position
Average shareholders’ equity to average assets	9.53	%	10.05	%	9.70	%	9.33	%	9.09	%
Tangible equity	6.92	%	7.65	%	7.79	%	7.40	%	6.92	%
Regulatory capital ratios:
Tier I capital	8.08	%	8.71	%	8.39	%	8.64	%	8.56	%
Total risk-based capital	10.49	%	11.19	%	11.07	%	10.61	%	10.50	%
Tier I leverage	8.80	%	9.36	%	8.44	%	8.52	%	8.38	%

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

Capital levels were lower during the quarter although they remained very strong. The tangible equity and regulatory capital ratios declined sequentially due to 16.7 million share repurchases at a total cost of $693 million. The tangible equity ratio was flat compared with the prior year second quarter primarily due to lower tangible assets as a result of the fourth quarter 2006 balance sheet actions.

On May 21, 2007, Fifth Third Bancorp and R&G Financial Corporation (“RGF”) signed a definitive agreement under which Fifth Third will acquire RGF’s Florida-based subsidiary, R–G Crown Bank, which operates 30 branches in Florida and three in Augusta, Georgia. The transaction is expected to close in the fourth quarter of 2007. This transaction is expected to reduce capital ratios by approximately 40 bps.

Outlook

The following outlook represents currently expected full year growth rates compared with full year 2006 results. The outlook does not include the effect of our pending acquisition of R-G Crown Bank. Our outlook is based on current expectations as of the date of this release for results within our businesses; prevailing views related to economic growth, inflation, unemployment and other economic factors; and market forward interest rate expectations. These expectations are inherently subject to risks and uncertainties. There are a number of factors that could cause results to differ materially from historical performance and these expectations. We undertake no obligation to update these expectations after the date of this release. Please refer to the cautionary statement at the end of this release for more information.

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Category	Growth, percentage, or bps range
Net interest income	Mid_single digits
Net interest margin	3.35-3.40%
Noninterest income*	High single digits
Noninterest expense**	Mid single digits
Loans	Mid_single digits
Core deposits	Low-to-mid single digits
Net charge-offs	Low 50 bps range
Effective tax rate [non-tax equivalent]	28.5-29.0%
Tangible equity/tangible asset ratio	2007 target 6.5% [including R-G Crown]

Change from April 19, 2007 outlook

* comparison with the prior year excludes $415 million of losses recorded in noninterest income related to fourth quarter 2006 balance sheet actions

** comparison with the prior year excludes $49 million of charges: $10 million in third quarter 2006 related to the early retirement of debt, and $39 million in fourth quarter 2006 related to termination of financing agreements

Conference Call

Fifth Third will host a conference call to discuss these financial results at 8:30 a.m. (Eastern Time) today. The audio webcast is available through the Fifth Third Investor Relations website atwww.53.com (click on “About Fifth Third” then “Investor Relations”). Participants are advised to access the conference call at least 15 minutes prior to the scheduled start time. The dial-in number is 877-309-0967 for domestic access and 706-679-3977 for international access (password: Fifth Third).

If you are unable to listen to the live call you may access a webcast replay or podcast through the Fifth Third Investor Relations website atwww.53.com. Additionally, a replay of the conference call will be available until Friday, August 3^rd by dialing 800-642-1687 for domestic access and 706-645-9291 for international access (passcode 1346753#).

Corporate Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $101 billion in assets, operates 18 affiliates with 1,167 full-service Banking Centers, including 106 Bank Mart^® locations open seven days a week inside select grocery stores and 2,132 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania and Missouri. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2007, has $232 billion in assets under care, of which it managed $34 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed atwww.53.com. Fifth Third’s common stock is traded through the NASDAQ^® National Global Select Market System under the symbol “FITB.”

9

FORWARD-LOOKING STATEMENTS

This report may contain forward-looking statements about Fifth Third Bancorp and/or the company as combined acquired entities within the meaning of Sections 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, that involve inherent risks and uncertainties. This report may contain certain forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of Fifth Third Bancorp and/or the combined company including statements preceded by, followed by or that include the words or phrases such as “believes,” “expects,” “anticipates,” “plans,” “trend,” “objective,” “continue,” “remain” or similar expressions or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” “may” or similar expressions. 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, either national 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) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (3) changes in the interest rate environment reduce interest margins; (4) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (5) our ability to maintain required capital levels and adequate sources of funding and liquidity; (6) changes and trends in capital markets; (7) competitive pressures among depository institutions increase significantly; (8) effects of critical accounting policies and judgments; (9) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; (10) 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; (11) ability to maintain favorable ratings from rating agencies; (12) fluctuation of Fifth Third’s stock price; (13) ability to attract and retain key personnel; (14) ability to receive dividends from its subsidiaries; (15) potentially dilutive effect of future acquisitions on current shareholders’ ownership of Fifth Third; (16) effects of accounting or financial results of one or more acquired entity; (17) difficulties in combining the operations of acquired entities; (18) ability to secure confidential information through the use of computer systems and telecommunications network; and (19) the impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity. Additional information concerning factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements is available in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2006, filed with the United States Securities and Exchange Commission (SEC).Copies of this filing are available at no cost on the SEC’s Web site atwww.sec.gov or on the Fifth Third’s Web site atwww.53.com. Fifth Third undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this report.

# # #

10

Quarterly Financial Review for June 30, 2007

Table of Contents

Financial Highlights	12-13
Consolidated Statements of Income	14
Consolidated Statements of Income (Taxable Equivalent)	15
Consolidated Balance Sheets	16-17
Consolidated Statements of Changes in Shareholders’ Equity	18
Average Balance Sheet and Yield Analysis	19-21
Summary of Loans and Leases	22
Regulatory Capital	23
Asset Quality	24

11

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended									% Change				Year to Date						% Change
	June 2007			March 2007			June 2006			Seq		Yr/Yr		June 2007			June 2006			Yr/Yr
Income Statement Data
Net interest income (a)	$	745		$	742		$	716		—		4	%	$	1,487		$	1,434		4	%
Noninterest income		707			648			655		9	%	8	%		1,355			1,272		7	%
Total revenue (a)		1,452			1,390			1,371		4	%	6	%		2,842			2,706		5	%
Provision for loan and lease losses		121			84			71		45	%	70	%		205			149		38	%
Noninterest expense		803			793			759		1	%	6	%		1,595			1,490		7	%
Net income		376			359			382		5	%	(2	)%		735			746		(2	)%
Common Share Data
Earnings per share, basic	$	0.69		$	0.65		$	0.69		6	%	—		$	1.35		$	1.34		1	%
Earnings per share, diluted		0.69			0.65			0.69		6	%	—			1.34			1.34		—
Cash dividends per common share	$	0.42		$	0.42		$	0.40		—		5	%	$	0.84		$	0.78		8	%
Book value per share		17.16			17.82			17.13		(4	)%	—			17.16			17.13		—
Dividend payout ratio		59.7	%		64.5	%		58.3	%	(7	)%	2	%		62.0	%		58.2	%	7	%
Market price per share:
High	$	43.32		$	41.41		$	41.02		5	%	6	%	$	43.32		$	41.43		5	%
Low		37.88			37.93			35.86		—		6	%		37.88			35.86		6	%
End of period		39.77			38.69			36.95		3	%	8	%		39.77			36.95		8	%
Common shares outstanding (in thousands)		535,697			550,077			557,894		(3	)%	(4	)%		535,697			557,894		(4	)%
Average common shares outstanding (in thousands):
Basic		540,264			551,501			554,978		(2	)%	(3	)%		545,851			554,689		(2	)%
Diluted		543,228			554,175			557,489		(2	)%	(3	)%		548,671			557,181		(2	)%
Market capitalization	$	21,305		$	21,282		$	20,614		—		3	%	$	21,305		$	20,614		3	%
Price/earnings ratio (b)		18.58			18.08			13.94		3	%	33	%		18.58			13.94		33	%
Financial Ratios
Return on average assets		1.49	%		1.47	%		1.45	%	1	%	3	%		1.48	%		1.43	%	3	%
Return on average equity		15.7	%		14.6	%		16.0	%	8	%	(2	)%		15.1	%		15.7	%	(4	)%
Noninterest income as a percent of total revenue		49	%		47	%		48	%	4	%	2	%		48	%		47	%	2	%
Average equity as a percent of average assets		9.53	%		10.05	%		9.09	%	(5	)%	5	%		9.78	%		9.13	%	7	%
Tangible equity		6.92	%		7.65	%		6.92	%	(10	)%	—			6.92	%		6.92	%	—
Net interest margin (a)		3.37	%		3.44	%		3.01	%	(2	)%	12	%		3.40	%		3.04	%	12	%
Efficiency (a)		55.3	%		57.0	%		55.3	%	(3	)%	—			56.1	%		55.0	%	2	%
Effective tax rate		28.1	%		29.3	%		28.5	%	(4	)%	(1	)%		28.7	%		29.6	%	(3	)%
Credit Quality
Net losses charged off	$	102		$	71		$	67		44	%	52	%	$	173		$	140		24	%
Net losses charged off as a percent of average loans and leases		0.55	%		0.39	%		0.37	%	41	%	49	%		0.47	%		0.40	%	18	%
Allowance for loan and lease losses as a percent of loans and leases		1.06	%		1.05	%		1.04	%	1	%	2	%		1.06	%		1.04	%	2	%
Allowance for credit losses as a percent of loans and leases		1.16	%		1.15	%		1.14	%	1	%	2	%		1.16	%		1.14	%	2	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned		0.70	%		0.66	%		0.49	%	6	%	43	%		0.70	%		0.49	%	43	%
Average Balances
Loans and leases, including held for sale	$	77,048		$	75,861		$	73,093		2	%	5	%	$	76,458		$	72,367		6	%
Total securities and other short-term investments		11,711			11,673			22,439		—		(48	)%		11,692			22,677		(48	)%
Total assets		100,767			99,192			105,741		2	%	(5	)%		99,984			105,241		(5	)%
Transaction deposits (d)		49,295			48,760			49,282		1	%	—			49,029			49,116		—
Core deposits (e)		60,075			59,797			59,731		—		1	%		59,937			59,217		1	%
Wholesale funding (f)		27,030			25,536			32,903		6	%	(18	)%		26,287			33,013		(20	)%
Shareholders’ equity		9,599			9,970			9,607		(4	)%	—			9,783			9,604		2	%
Regulatory Capital Ratios (c)
Tier I capital		8.08	%		8.71	%		8.56	%	(7	)%	(6	)%		8.08	%		8.56	%	(6	)%
Total risk-based capital		10.49	%		11.19	%		10.50	%	(6	)%	—			10.49	%		10.50	%	—
Tier I leverage		8.80	%		9.36	%		8.38	%	(6	)%	5	%		8.80	%		8.38	%	5	%
Operations
Banking centers		1,167			1,161			1,138		1	%	3	%		1,167			1,138		3	%
ATMs		2,132			2,104			2,034		1	%	5	%		2,132			2,034		5	%
Full-time equivalent employees		21,033			21,442			21,230		(2	)%	(1	)%		21,033			21,230		(1	)%

(a) Presented on a fully taxable equivalent basis

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

(c) Current period regulatory capital ratios are estimates

(d) Includes demand, interest checking, savings and money market deposits

(e) Includes transaction deposits plus other time deposits

(f) Includes certificates $100,000 and over, foreign office deposits, federal funds purchased, short-term borrowings and long-term debt

12

Fifth Third Bancorp and Subsidiaries

Financial Highlights

$ in millions, except per share data

(unaudited)

	For the Three Months Ended
	June 2007			March 2007			December 2006				September 2006				June 2006
Income Statement Data
Net interest income (a)	$	745		$	742		$	744			$	719			$	716
Noninterest income		707			648			219				662				655
Total revenue (a)		1,452			1,390			963				1,381				1,371
Provision for loan and lease losses		121			84			107				87				71
Noninterest expense		803			793			798		��		767				759
Net income		376			359			66				377				382
Common Share Data
Earnings per share, basic	$	0.69		$	0.65		$	0.12			$	0.68			$	0.69
Earnings per share, diluted		0.69			0.65			0.12				0.68				0.69
Cash dividends per common share	$	0.42		$	0.42		$	0.40			$	0.40			$	0.40
Book value per share		17.16			17.82			18.02				17.96				17.13
Dividend payout ratio		59.7	%		64.5	%		338.0	%			59.2	%			58.3	%
Market price per share:
High	$	43.32		$	41.41		$	41.57			$	40.18			$	41.02
Low		37.88			37.93			37.75				35.95				35.86
End of period		39.77			38.69			40.93				38.08				36.95
Common shares outstanding (in thousands)		535,697			550,077			556,253				558,066				557,894
Average common shares outstanding (in thousands):
Basic		540,264			551,501			554,978				555,565				554,978
Diluted		543,228			554,175			557,654				557,949				557,489
Market capitalization	$	21,305		$	21,282		$	22,767			$	21,251			$	20,614
Price/earnings ratio (b)		18.58			18.08			19.13				14.53				13.94
Financial Ratios
Return on average assets		1.49	%		1.47	%		0.25	%			1.41	%			1.45	%
Return on average equity		15.7	%		14.6	%		2.6	%			15.1	%			16.0	%
Noninterest income as a percent of total revenue		49	%		47	%		23	%			48	%			48	%
Average equity as a percent of average assets		9.53	%		10.05	%		9.70	%			9.33	%			9.09	%
Tangible equity		6.92	%		7.65	%		7.79	%			7.40	%			6.92	%
Net interest margin (a)		3.37	%		3.44	%		3.16	%			2.99	%			3.01	%
Efficiency (a)		55.3	%		57.0	%		82.9	%			55.5	%			55.3	%
Effective tax rate		28.1	%		29.3	%		(27.0	)%			27.6	%			28.5	%
Credit Quality
Net losses charged off	$	102		$	71		$	97			$	79			$	67
Net losses charged off as a percent of average loans and leases		0.55	%		0.39	%		0.52	%			0.43	%			0.37	%
Allowance for loan and lease losses as a percent of loans and leases		1.06	%		1.05	%		1.04	%			1.04	%			1.04	%
Allowance for credit losses as a percent of loans and leases		1.16	%		1.15	%		1.14	%			1.14	%			1.14	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned		0.70	%		0.66	%		0.61	%			0.56	%			0.49	%
Average Balances														��
Loans and leases, including held for sale	$	77,048		$	75,861		$	75,262			$	73,938			$	73,093
Total securities and other short-term investments		11,711			11,673			18,262				21,582				22,439
Total assets		100,767			99,192			104,602				105,868				105,741
Transaction deposits (d)		49,295			48,760			49,010				48,543				49,282
Core deposits (e)		60,075			59,797			60,001				59,337				59,731
Wholesale funding (f)		27,030			25,536			30,650				33,040				32,903
Shareholders’ equity		9,599			9,970			10,150				9,878				9,607
Regulatory Capital Ratios (c)
Tier I capital		8.08	%		8.71	%		8.39	%			8.64	%			8.56	%
Total risk-based capital		10.49	%		11.19	%		11.07	%			10.61	%			10.50	%
Tier I leverage		8.80	%		9.36	%		8.44	%			8.52	%			8.38	%
Operations
Banking centers		1,167			1,161			1,150				1,145				1,138
ATMs		2,132			2,104			2,096				2,114				2,034
Full-time equivalent employees		21,033			21,442			21,362				21,301				21,230

(a) Presented on a fully taxable equivalent basis

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

(c) Current period regulatory capital ratios are estimates

(d) Includes demand, interest checking, savings and money market deposits

(e) Includes transaction deposits plus other time deposits

(f) Includes certificates $100,000 and over, foreign office deposits, federal funds purchased, short-term borrowings and long-term debt

13

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income

$ in millions

(unaudited)

		For the Three Months Ended						% Change				Year to Date				% Change
		June 2007		March 2007		June 2006		Seq		Yr/Yr		June 2007		June 2006		Yr/Yr
Interest Income
Interest and fees on loans and leases		$	1,343	$	1,314	$	1,227	2	%	9	%	$	2,657	$	2,375	12	%
Interest on securities			143		143		247	—		(42	)%		286		497	(42	)%
Interest on other short-term investments			3		3		3	(17	)%	4	%		6		4	30	%
Total interest income			1,489		1,460		1,477	2	%	1	%		2,949		2,876	3	%
Interest Expense
Interest on deposits	��		505		498		471	1	%	7	%		1,003		882	14	%
Interest on short-term borrowings			72		59		100	23	%	(28	)%		131		196	(33	)%
Interest on long-term debt			173		167		196	3	%	(12	)%		340		377	(10	)%
Total interest expense			750		724		767	4	%	(2	)%		1,474		1,455	1	%
Net Interest Income			739		736		710	—		4	%		1,475		1,421	4	%
Provision for loan and lease losses			121		84		71	45	%	70	%		205		149	38	%
Net interest income after provision for loan and lease losses			618		652		639	(5	)%	(3	)%		1,270		1,272	—
Noninterest Income
Electronic payment processing revenue			243		225		211	8	%	15	%		468		407	15	%
Service charges on deposits			142		126		135	13	%	6	%		268		261	3	%
Investment advisory revenue			97		96		96	2	%	1	%		193		187	3	%
Corporate banking revenue			88		83		82	6	%	8	%		171		157	9	%
Mortgage banking net revenue			41		40		41	4	%	—			81		88	(8	)%
Other noninterest income			96		78		76	22	%	27	%		174		157	11	%
Securities gains (losses), net			—		—		14	NM		(100	)%		—		15	(100	)%
Securities gains, net - non-qualifying hedges on mortgage servicing rights			—		—		—	NM		NM			—		—	NM
Total noninterest income			707		648		655	9	%	8	%		1,355		1,272	7	%
Noninterest Expense
Salaries, wages and incentives			309		292		303	6	%	2	%		601		586	3	%
Employee benefits			68		87		69	(23	)%	(2	)%		155		156	(1	)%
Payment processing expense			97		92		80	5	%	21	%		189		151	25	%
Net occupancy expense			68		65		59	4	%	14	%		133		118	13	%
Technology and communications			41		40		34	4	%	22	%		81		66	22	%
Equipment expense			31		29		28	5	%	10	%		60		54	12	%
Other noninterest expense			189		188		186	1	%	2	%		376		359	5	%
Total noninterest expense			803		793		759	1	%	6	%		1,595		1,490	7	%
Income before income taxes and cumulative effect			522		507		535	3	%	(2	)%		1,030		1,054	(2	)%
Applicable income taxes			146		148		153	(1	)%	(5	)%		295		312	(5	)%
Income before cumulative effect			376		359		382	5	%	(2	)%		735		742	(1	)%
Cumulative effect of change in accounting principle, net of tax (a)			—		—		—	NM		NM			—		4	(100	)%
Net income		$	376	$	359	$	382	5	%	(2	)%	$	735	$	746	(2	)%
Net income available to common shareholders (b)		$	375	$	359	$	382	5	%	(2	)%	$	734	$	745	(2	)%

(a) Reflects a benefit of $3.5 million (net of $1.7 million of tax) for the adoption of SFAS No. 123(R) as of January 1, 2006 due to the recognition of an estimate of forfeiture experience to be realized for all stock-based awards

(b) Dividends on preferred stock are $.185 million for all quarters presented

14

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Income (Taxable Equivalent)

$ in millions

(unaudited)

	For the Three Months Ended
	June 2007		March 2007		December 2006			September 2006		June 2006
Interest Income
Interest and fees on loans and leases	$	1,343	$	1,314	$	1,332		$	1,294	$	1,227
Interest on securities		143		143		199			238		247
Interest on other short-term investments		3		3		14			2		3
Total interest income		1,489		1,460		1,545			1,534		1,477
Taxable equivalent adjustment		6		6		6			6		6
Total interest income (taxable equivalent)		1,495		1,466		1,551			1,540		1,483
Interest Expense
Interest on deposits		505		498		518			510		471
Interest on short-term borrowings		72		59		100			106		100
Interest on long-term debt		173		167		189			205		196
Total interest expense		750		724		807			821		767
Net interest income (taxable equivalent)		745		742		744			719		716
Provision for loan and lease losses		121		84		107			87		71
Net interest income (taxable equivalent) after provision for loan and lease losses		624		658		637			632		645
Noninterest Income
Electronic payment processing revenue		243		225		232			218		211
Service charges on deposits		142		126		122			134		135
Investment advisory revenue		97		96		90			89		96
Corporate banking revenue		88		83		82			79		82
Mortgage banking net revenue		41		40		30			36		41
Other noninterest income		96		78		58			87		76
Securities gains (losses), net		—		—		(398	)		19		14
Securities gains, net - non-qualifying hedges on mortgage servicing rights		—		—		3			—		—
Total noninterest income		707		648		219			662		655
Noninterest Expense
Salaries, wages and incentives		309		292		300			288		303
Employee benefits		68		87		61			74		69
Payment processing expense		97		92		89			84		80
Net occupancy expense		68		65		65			63		59
Technology and communications		41		40		39			36		34
Equipment expense		31		29		30			32		28
Other noninterest expense		189		188		214			190		186
Total noninterest expense		803		793		798			767		759
Income before income taxes and cumulative effect (taxable equivalent)		528		513		58			527		541
Taxable equivalent adjustment		6		6		6			6		6
Income before income taxes and cumulative effect		522		507		52			521		535
Applicable income taxes		146		148		(14	)		144		153
Income before cumulative effect		376		359		66			377		382
Cumulative effect of change in accounting principle, net of tax		—		—		—			—		—
Net income	$	376	$	359	$	66		$	377	$	382
Net income available to common shareholders (a)	$	375	$	359	$	66		$	377	$	382

(a) Dividends on preferred stock are $.185 million for all quarters presented

15

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of									% Change
	June 2007			March 2007			June 2006			Seq		Yr/Yr
Assets
Cash and due from banks	$	2,327		$	2,244		$	2,670		4	%	(13	)%
Available-for-sale and other securities (a)		11,015			10,592			20,345		4	%	(46	)%
Held-to-maturity securities (b)		346			347			358		—		(3	)%
Trading securities		148			160			173		(7	)%	(14	)%
Other short-term investments		404			223			207		82	%	95	%
Loans held for sale		1,708			1,382			931		24	%	83	%
Portfolio loans and leases:
Commercial loans		22,152			21,479			20,717		3	%	7	%
Commercial mortgage loans		11,044			10,906			9,792		1	%	13	%
Commercial construction loans		5,469			5,688			5,950		(4	)%	(8	)%
Commercial leases		3,697			3,687			3,740		—		(1	)%
Residential mortgage loans		8,477			8,484			8,623		—		(2	)%
Home equity		11,780			11,926			12,087		(1	)%	(3	)%
Automobile loans		10,714			10,400			9,512		3	%	13	%
Credit card		1,263			1,111			846		14	%	49	%
Other consumer loans and leases		1,113			1,140			1,310		(2	)%	(15	)%
Portfolio loans and leases		75,709			74,821			72,577		1	%	4	%
Allowance for loan and lease losses		(803	)		(784	)		(753	)	2	%	7	%
Portfolio loans and leases, net		74,906			74,037			71,824		1	%	4	%
Bank premises and equipment		2,063			2,001			1,853		3	%	11	%
Operating lease equipment		209			212			150		(1	)%	40	%
Goodwill		2,192			2,192			2,194		—		—
Intangible assets		147			158			185		(7	)%	(20	)%
Servicing rights		607			572			489		6	%	24	%
Other assets		5,318			5,704			4,732		(7	)%	12	%
Total assets	$	101,390		$	99,824		$	106,111		2	%	(4	)%
Liabilities
Deposits:
Demand	$	13,524		$	13,510		$	14,078		—		(4	)%
Interest checking		14,672			15,755			16,788		(7	)%	(13	)%
Savings		15,036			14,256			12,061		5	%	25	%
Money market		6,334			6,336			6,505		—		(3	)%
Other time		10,428			10,869			10,627		(4	)%	(2	)%
Certificates - $100,000 and over		6,204			6,776			5,691		(8	)%	9	%
Foreign office		2,995			1,686			4,773		78	%	(37	)%
Total deposits		69,193			69,188			70,523		—		(2	)%
Federal funds purchased		3,824			1,622			2,493		136	%	53	%
Other short-term borrowings		3,331			2,383			5,275		40	%	(37	)%
Accrued taxes, interest and expenses		2,114			2,324			1,995		(9	)%	6	%
Other liabilities		1,780			1,883			1,767		(5	)%	1	%
Long-term debt		11,957			12,620			14,502		(5	)%	(18	)%
Total liabilities		92,199			90,020			96,555		2	%	(5	)%
Total shareholders’ equity (c)		9,191			9,804			9,556		(6	)%	(4	)%
Total liabilities and shareholders’ equity	$	101,390		$	99,824		$	106,111		2	%	(4	)%
(a) Amortized cost	$	11,370		$	10,754		$	21,376		6	%	(47	)%
(b) Market values		346			347			358		—		(3	)%
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		1,300,000			1,300,000			1,300,000		—		—
Outstanding, excluding treasury		535,697			550,077			557,894		(3	)%	(4	)%
Treasury		47,730			33,350			25,533		43	%	87	%

16

Fifth Third Bancorp and Subsidiaries

Consolidated Balance Sheets

$ in millions, except per share data

(unaudited)

	As of
	June 2007			March 2007			December 2006			September 2006			June 2006
Assets
Cash and due from banks	$	2,327		$	2,244		$	2,737		$	2,399		$	2,670
Available-for-sale and other securities (a)		11,015			10,592			11,053			19,514			20,345
Held-to-maturity securities (b)		346			347			356			359			358
Trading securities		148			160			187			164			173
Other short-term investments		404			223			809			125			207
Loans held for sale		1,708			1,382			1,150			872			931
Portfolio loans and leases:
Commercial loans		22,152			21,479			20,831			21,260			20,717
Commercial mortgage loans		11,044			10,906			10,405			9,879			9,792
Commercial construction loans		5,469			5,688			6,168			5,879			5,950
Commercial leases		3,697			3,687			3,841			3,751			3,740
Residential mortgage loans		8,477			8,484			8,830			8,811			8,623
Home equity		11,780			11,926			12,153			12,235			12,087
Automobile loans		10,714			10,400			10,028			9,599			9,512
Credit card		1,263			1,111			1,004			876			846
Other consumer loans and leases		1,113			1,140			1,093			1,190			1,310
Portfolio loans and leases		75,709			74,821			74,353			73,480			72,577
Allowance for loan and lease losses		(803	)		(784	)		(771	)		(761	)		(753	)
Portfolio loans and leases, net		74,906			74,037			73,582			72,719			71,824
Bank premises and equipment		2,063			2,001			1,940			1,902			1,853
Operating lease equipment		209			212			202			142			150
Goodwill		2,192			2,192			2,193			2,193			2,194
Intangible assets		147			158			166			175			185
Servicing rights		607			572			524			504			489
Other assets		5,318			5,704			5,770			4,760			4,732
Total assets	$	101,390		$	99,824		$	100,669		$	105,828		$	106,111
Liabilities
Deposits:
Demand	$	13,524		$	13,510		$	14,331		$	13,883		$	14,078
Interest checking		14,672			15,755			15,993			15,855			16,788
Savings		15,036			14,256			13,181			12,392			12,061
Money market		6,334			6,336			6,584			6,462			6,505
Other time		10,428			10,869			10,987			10,818			10,627
Certificates - $100,000 and over		6,204			6,776			6,628			6,871			5,691
Foreign office		2,995			1,686			1,676			2,362			4,773
Total deposits		69,193			69,188			69,380			68,643			70,523
Federal funds purchased		3,824			1,622			1,421			5,434			2,493
Other short-term borrowings		3,331			2,383			2,796			3,833			5,275
Accrued taxes, interest and expenses		2,114			2,324			2,283			2,156			1,995
Other liabilities		1,780			1,883			2,209			1,570			1,767
Long-term debt		11,957			12,620			12,558			14,170			14,502
Total liabilities		92,199			90,020			90,647			95,806			96,555
Total shareholders’ equity (c)		9,191			9,804			10,022			10,022			9,556
Total liabilities and shareholders’ equity	$	101,390		$	99,824		$	100,669		$	105,828		$	106,111
(a) Amortized cost	$	11,370		$	10,754		$	11,236		$	20,103		$	21,376
(b) Market values		346			347			356			359			358
(c) Common shares, stated value $2.22 per share (in thousands):
Authorized		1,300,000			1,300,000			1,300,000			1,300,000			1,300,000
Outstanding, excluding treasury		535,697			550,077			556,253			558,066			557,894
Treasury		47,730			33,350			27,174			25,361			25,533

17

Fifth Third Bancorp and Subsidiaries

Consolidated Statements of Changes in Shareholders’ Equity

$ in millions

(unaudited)

	For the Three Months Ended						Year to Date
	June 2007			June 2006			June 2007			June 2006
Total shareholders’ equity, beginning	$	9,804		$	9,469		$	10,022		$	9,446
Net income		376			382			735			746
Other comprehensive income, net of tax:
Change in unrealized gains and (losses):
Available-for-sale securities		(125	)		(117	)		(111	)		(275	)
Qualifying cash flow hedges		(7	)		2			(7	)		5
Change in accumulated other comprehensive income related to employee benefit plans		2			—			3			—
Comprehensive income		246			267			620			476
Cash dividends declared:
Common stock		(225	)		(223	)		(456	)		(434	)
Preferred stock (a)		—			—			—			—
Stock-based awards exercised, including treasury shares issued		27			9			45			24
Stock-based compensation expense		18			30			35			44
Loans repaid (issued) related to exercise of stock-based awards, net		—			2			2			5
Change in corporate tax benefit related to stock-based compensation		8			1			3			—
Shares acquired for treasury		(693	)		—			(973	)		—
Impact of cumulative effect of change in accounting principle (b)		—			—			(98	)		(6	)
Other		6			1			(9	)		1
Total shareholders’ equity, ending	$	9,191		$	9,556		$	9,191		$	9,556

(a) Dividends on preferred stock are $.185 million for all quarters presented

(b) 2007 includes $96 million impact due to the adoption of FSP FAS 13-2, “Accounting for a Change or Projected Change in the Timing of Cash Flows Relating to Income Taxes Generated by a Leverage Lease Transaction” on January 1, 2007 and $2 million impact due to the adoption of FIN No. 48, “Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109” on January 1, 2007. 2006 impact is due to the adoption of SFAS No. 123(R) “Share-Based Payment” on January 1, 2006.

18

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended									% Change
	June 2007			March 2007			June 2006			Seq		Yr/Yr
Assets
Interest-earning assets:
Commercial loans	$	21,587		$	20,908		$	20,338		3	%	6	%
Commercial mortgage loans		11,030			10,566			9,980		4	%	11	%
Commercial construction loans		5,595			6,014			5,840		(7	)%	(4	)%
Commercial leases		3,678			3,661			3,729		—		(1	)%
Residential mortgage loans		10,201			10,166			9,491		—		7	%
Home equity		11,886			12,072			11,999		(2	)%	(1	)%
Automobile loans		10,552			10,230			9,480		3	%	11	%
Credit card		1,248			1,021			797		22	%	57	%
Other consumer loans and leases		1,271			1,223			1,439		4	%	(12	)%
Taxable securities		11,030			10,951			21,642		1	%	(49	)%
Tax exempt securities		508			534			616		(5	)%	(17	)%
Other short-term investments		173			188			181		(8	)%	(4	)%
Total interest-earning assets		88,759			87,534			95,532		1	%	(7	)%
Cash and due from banks		2,265			2,287			2,564		(1	)%	(12	)%
Other assets		10,524			10,140			8,393		4	%	25	%
Allowance for loan and lease losses		(781	)		(769	)		(748	)	2	%	4	%
Total assets	$	100,767		$	99,192		$	105,741		2	%	(5	)%
Liabilities
Interest-bearing liabilities:
Interest checking	$	15,061		$	15,509		$	17,025		(3	)%	(12	)%
Savings		14,620			13,689			12,064		7	%	21	%
Money market		6,244			6,377			6,429		(2	)%	(3	)%
Other time		10,780			11,037			10,449		(2	)%	3	%
Certificates - $100,000 and over		6,511			6,682			5,316		(3	)%	22	%
Foreign office		2,369			1,707			4,382		39	%	(46	)%
Federal funds purchased		3,540			2,505			3,886		41	%	(9	)%
Other short-term borrowings		2,372			2,400			4,854		(1	)%	(51	)%
Long-term debt		12,238			12,242			14,465		—		(15	)%
Total interest-bearing liabilities		73,735			72,148			78,870		2	%	(7	)%
Demand deposits		13,370			13,185			13,764		1	%	(3	)%
Other liabilities		4,063			3,889			3,500		4	%	16	%
Total liabilities		91,168			89,222			96,134		2	%	(5	)%
Shareholders’ equity		9,599			9,970			9,607		(4	)%	—
Total liabilities and shareholders’ equity	$	100,767		$	99,192		$	105,741		2	%	(5	)%
Yield Analysis
Interest-earning assets:
Commercial loans		7.45	%		7.50	%		7.16	%
Commercial mortgage loans		7.30	%		7.31	%		7.08	%
Commercial construction loans		7.69	%		7.74	%		7.67	%
Commercial leases		4.32	%		4.34	%		5.03	%
Residential mortgage loans		6.12	%		6.17	%		5.91	%
Home equity		7.66	%		7.69	%		7.36	%
Automobile loans		6.26	%		6.18	%		5.62	%
Credit card		10.62	%		12.17	%		11.73	%
Other consumer loans and leases		5.41	%		5.03	%		4.77	%
Taxable securities		4.98	%		5.06	%		4.43	%
Tax exempt securities		7.38	%		7.40	%		7.33	%
Other short-term investments		6.08	%		6.82	%		5.60	%
Total interest-earning assets		6.76	%		6.79	%		6.23	%
Interest-bearing liabilities:
Interest checking		2.21	%		2.31	%		2.39	%
Savings		3.23	%		3.27	%		2.90	%
Money market		4.44	%		4.46	%		4.01	%
Other time		4.63	%		4.59	%		4.00	%
Certificates - $100,000 and over		5.12	%		5.17	%		4.64	%
Foreign office		4.67	%		4.53	%		4.77	%
Federal funds purchased		5.31	%		5.30	%		4.97	%
Other short-term borrowings		4.31	%		4.37	%		4.31	%
Long-term debt		5.65	%		5.54	%		5.45	%
Total interest-bearing liabilities		4.08	%		4.07	%		3.90	%
Ratios:
Net interest margin (taxable equivalent)		3.37	%		3.44	%		3.01	%
Net interest rate spread (taxable equivalent)		2.68	%		2.72	%		2.33	%
Interest-bearing liabilities to interest-earning assets		83.07	%		82.42	%		82.56	%

19

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	Year to Date						% Change
	June 2007			June 2006			Yr/Yr
Assets
Interest-earning assets:
Commercial loans	$	21,249		$	19,946		7	%
Commercial mortgage loans		10,799			9,712		11	%
Commercial construction loans		5,803			6,024		(4	)%
Commercial leases		3,669			3,708		(1	)%
Residential mortgage loans		10,184			9,275		10	%
Home equity		11,979			11,939		—
Automobile loans		10,392			9,460		10	%
Credit card		1,135			782		45	%
Other consumer loans and leases		1,248			1,521		(18	)%
Taxable securities		10,991			21,878		(50	)%
Tax exempt securities		521			630		(17	)%
Other short-term investments		180			169		7	%
Total interest-earning assets		88,150			95,044		(7	)%
Cash and due from banks		2,276			2,616		(13	)%
Other assets		10,333			8,327		24	%
Allowance for loan and lease losses		(775	)		(746	)	4	%
Total assets	$	99,984		$	105,241		(5	)%
Liabilities
Interest-bearing liabilities:
Interest checking	$	15,284		$	17,312		(12	)%
Savings		14,157			11,827		20	%
Money market		6,310			6,258		1	%
Other time		10,908			10,101		8	%
Certificates - $100,000 and over		6,596			4,995		32	%
Foreign office		2,040			4,217		(52	)%
Federal funds purchased		3,026			4,217		(28	)%
Other short-term borrowings		2,386			4,786		(50	)%
Long-term debt		12,239			14,798		(17	)%
Total interest-bearing liabilities		72,946			78,511		(7	)%
Demand deposits		13,278			13,719		(3	)%
Other liabilities		3,977			3,407		17	%
Total liabilities		90,201			95,637		(6	)%
Shareholders’ equity		9,783			9,604		2	%
Total liabilities and shareholders’ equity	$	99,984		$	105,241		(5	)%
Yield Analysis
Interest-earning assets:
Commercial loans		7.48	%		6.98	%
Commercial mortgage loans		7.31	%		6.96	%
Commercial construction loans		7.72	%		7.43	%
Commercial leases		4.33	%		5.08	%
Residential mortgage loans		6.14	%		5.87	%
Home equity		7.67	%		7.21	%
Automobile loans		6.22	%		5.55	%
Credit card		11.31	%		11.46	%
Other consumer loans and leases		5.22	%		4.98	%
Taxable securities		5.02	%		4.44	%
Tax exempt securities		7.39	%		7.47	%
Other short-term investments		6.47	%		5.31	%
Total interest-earning assets		6.77	%		6.13	%
Interest-bearing liabilities:
Interest checking		2.26	%		2.34	%
Savings		3.25	%		2.79	%
Money market		4.45	%		3.83	%
Other time		4.61	%		3.87	%
Certificates - $100,000 and over		5.15	%		4.41	%
Foreign office		4.61	%		4.59	%
Federal funds purchased		5.31	%		4.72	%
Other short-term borrowings		4.34	%		4.07	%
Long-term debt		5.60	%		5.14	%
Total interest-bearing liabilities		4.07	%		3.74	%
Ratios:
Net interest margin (taxable equivalent)		3.40	%		3.04	%
Net interest rate spread (taxable equivalent)		2.70	%		2.39	%
Interest-bearing liabilities to interest-earning assets		82.75	%		82.60	%

20

Fifth Third Bancorp and Subsidiaries

Average Balance Sheet and Yield Analysis

$ in millions, except share data

(unaudited)

	For the Three Months Ended
	June 2007			March 2007			December 2006			September 2006			June 2006
Assets
Interest-earning assets:
Commercial loans	$	21,587		$	20,908		$	21,228		$	20,879		$	20,338
Commercial mortgage loans		11,030			10,566			9,929			9,833			9,980
Commercial construction loans		5,595			6,014			6,099			5,913			5,840
Commercial leases		3,678			3,661			3,762			3,740			3,729
Residential mortgage loans		10,201			10,166			10,038			9,699			9,491
Home equity		11,886			12,072			12,225			12,174			11,999
Automobile loans		10,552			10,230			9,834			9,522			9,480
Credit card		1,248			1,021			915			870			797
Other consumer loans and leases		1,271			1,223			1,232			1,308			1,439
Taxable securities		11,030			10,951			16,685			20,836			21,642
Tax exempt securities		508			534			568			587			616
Other short-term investments		173			188			1,009			159			181
Total interest-earning assets		88,759			87,534			93,524			95,520			95,532
Cash and due from banks		2,265			2,287			2,398			2,355			2,564
Other assets		10,524			10,140			9,440			8,745			8,393
Allowance for loan and lease losses		(781	)		(769	)		(760	)		(752	)		(748	)
Total assets	$	100,767		$	99,192		$	104,602		$	105,868		$	105,741
Liabilities
Interest-bearing liabilities:
Interest checking	$	15,061		$	15,509		$	15,744		$	16,251		$	17,025
Savings		14,620			13,689			12,812			12,279			12,064
Money market		6,244			6,377			6,572			6,371			6,429
Other time		10,780			11,037			10,991			10,794			10,449
Certificates - $100,000 and over		6,511			6,682			6,750			6,415			5,316
Foreign office		2,369			1,707			2,758			3,668			4,382
Federal funds purchased		3,540			2,505			3,615			4,546			3,886
Other short-term borrowings		2,372			2,400			4,468			4,056			4,854
Long-term debt		12,238			12,242			13,059			14,355			14,465
Total interest-bearing liabilities		73,735			72,148			76,769			78,735			78,870
Demand deposits		13,370			13,185			13,882			13,642			13,764
Other liabilities		4,063			3,889			3,801			3,613			3,500
Total liabilities		91,168			89,222			94,452			95,990			96,134
Shareholders’ equity		9,599			9,970			10,150			9,878			9,607
Total liabilities and shareholders’ equity	$	100,767		$	99,192		$	104,602		$	105,868		$	105,741
Yield Analysis
Interest-earning assets:
Commercial loans		7.45	%		7.50	%		7.46	%		7.39	%		7.16	%
Commercial mortgage loans		7.30	%		7.31	%		7.34	%		7.31	%		7.08	%
Commercial construction loans		7.69	%		7.74	%		7.82	%		7.90	%		7.67	%
Commercial leases		4.32	%		4.34	%		4.88	%		4.85	%		5.03	%
Residential mortgage loans		6.12	%		6.17	%		6.04	%		5.96	%		5.91	%
Home equity		7.66	%		7.69	%		7.71	%		7.67	%		7.36	%
Automobile loans		6.26	%		6.18	%		6.10	%		5.84	%		5.62	%
Credit card		10.62	%		12.17	%		12.26	%		12.06	%		11.73	%
Other consumer loans and leases		5.41	%		5.03	%		4.70	%		4.77	%		4.77	%
Taxable securities		4.98	%		5.06	%		4.57	%		4.39	%		4.43	%
Tax exempt securities		7.38	%		7.40	%		7.30	%		7.29	%		7.33	%
Other short-term investments		6.08	%		6.82	%		5.56	%		5.69	%		5.60	%
Total interest-earning assets		6.76	%		6.79	%		6.58	%		6.40	%		6.23	%
Interest-bearing liabilities:
Interest checking		2.21	%		2.31	%		2.41	%		2.49	%		2.39	%
Savings		3.23	%		3.27	%		3.24	%		3.08	%		2.90	%
Money market		4.44	%		4.46	%		4.40	%		4.30	%		4.01	%
Other time		4.63	%		4.59	%		4.46	%		4.24	%		4.00	%
Certificates - $100,000 and over		5.12	%		5.17	%		5.15	%		5.03	%		4.64	%
Foreign office		4.67	%		4.53	%		4.91	%		5.05	%		4.77	%
Federal funds purchased		5.31	%		5.30	%		5.31	%		5.33	%		4.97	%
Other short-term borrowings		4.31	%		4.37	%		4.61	%		4.42	%		4.31	%
Long-term debt		5.65	%		5.54	%		5.70	%		5.66	%		5.45	%
Total interest-bearing liabilities		4.08	%		4.07	%		4.17	%		4.14	%		3.90	%
Ratios:
Net interest margin (taxable equivalent)		3.37	%		3.44	%		3.16	%		2.99	%		3.01	%
Net interest rate spread (taxable equivalent)		2.68	%		2.72	%		2.41	%		2.26	%		2.33	%
Interest-bearing liabilities to interest-earning assets		83.07	%		82.42	%		82.08	%		82.43	%		82.56	%

21

Fifth Third Bancorp and Subsidiaries

Summary of Loans and Leases

$ in millions

(unaudited)

	For the Three Months Ended
	June 2007		March 2007		December 2006		September 2006		June 2006
Average Loans and Leases (including unearned income)
Commercial:
Commercial loans	$	21,587	$	20,908	$	21,228	$	20,879	$	20,338
Commercial mortgage loans		11,030		10,566		9,929		9,833		9,980
Commercial construction loans		5,595		6,014		6,099		5,913		5,840
Commercial leases		3,678		3,661		3,762		3,740		3,729
Subtotal - commercial		41,890		41,149		41,018		40,365		39,887
Consumer:
Residential mortgage loans		10,201		10,166		10,038		9,699		9,491
Home equity		11,886		12,072		12,225		12,174		11,999
Automobile loans		10,552		10,230		9,834		9,522		9,480
Credit card		1,248		1,021		915		870		797
Other consumer loans and leases		1,271		1,223		1,232		1,308		1,439
Subtotal - consumer		35,158		34,712		34,244		33,573		33,206
Total average loans and leases	$	77,048	$	75,861	$	75,262	$	73,938	$	73,093
End of Period Loans and Leases Serviced
Commercial:
Commercial loans	$	22,152	$	21,479	$	20,831	$	21,260	$	20,717
Commercial mortgage loans		11,044		10,906		10,405		9,879		9,792
Commercial construction loans		5,469		5,688		6,168		5,879		5,950
Commercial leases		3,697		3,687		3,841		3,751		3,740
Subtotal - commercial		42,362		41,760		41,245		40,769		40,199
Consumer:
Residential mortgage loans		8,477		8,484		8,830		8,811		8,623
Home equity		11,780		11,926		12,153		12,235		12,087
Automobile loans		10,714		10,400		10,028		9,599		9,512
Credit card		1,263		1,111		1,004		876		846
Other consumer loans and leases		1,113		1,140		1,093		1,190		1,310
Subtotal - consumer		33,347		33,061		33,108		32,711		32,378
Total portfolio loans and leases		75,709		74,821		74,353		73,480		72,577
Loans held for sale		1,708		1,382		1,150		872		931
Operating lease equipment		209		212		202		142		150
Loans and Leases Serviced for Others:
Residential mortgage (a)		31,536		30,253		28,688		27,823		27,057
Commercial mortgage (b)		202		621		769		756		890
Commercial loans (c)		3,304		3,377		3,390		3,404		3,332
Commercial leases (b)		230		250		263		256		258
Consumer loans (d)		414		463		520		596		677
Total loans and leases serviced for others		35,686		34,964		33,630		32,835		32,214
Total loans and leases serviced	$	113,312	$	111,379	$	109,335	$	107,329	$	105,872

(a) Fifth Third sells certain residential mortgage loans, primarily conforming and fixed-rate in nature and retains servicing responsibilities

(b) Fifth Third sells certain commercial mortgage loans and commercial leases and retains servicing responsibilities

(c) Fifth Third transfers, subject to credit recourse and with servicing retained, certain primarily investment grade commercial loans to an unconsolidated qualified special purpose entity, which is wholly-owned by an independent third party

(d) Fifth Third sells certain consumer loans and retains servicing responsibilities

22

Fifth Third Bancorp and Subsidiaries

Regulatory Capital (a)

$ in millions

(unaudited)

	As of
	June 2007			March 2007			December 2006			September 2006			June 2006
Tier I capital:
Shareholders’ equity	$	9,191		$	9,804		$	10,022		$	10,022		$	9,556
Goodwill and certain other intangibles		(2,361	)		(2,328	)		(2,336	)		(2,345	)		(2,351	)
Unrealized (gains) losses		354			162			176			385			674
Other		1,491			1,415			763			748			781
Total tier I capital	$	8,675		$	9,053		$	8,625		$	8,810		$	8,660
Total risk-based capital:
Tier I capital	$	8,675		$	9,053		$	8,625		$	8,810		$	8,660
Qualifying allowance for credit losses		904			885			867			857			849
Qualifying subordinated notes		1,679			1,696			1,893			1,150			1,108
Total risk-based capital	$	11,258		$	11,634		$	11,385		$	10,817		$	10,617
Risk-weighted assets	$	107,281		$	103,937		$	102,823		$	101,940		$	101,126
Ratios:
Average shareholders’ equity to average assets		9.53	%		10.05	%		9.70	%		9.33	%		9.09	%
Regulatory capital:
Tier I capital		8.08	%		8.71	%		8.39	%		8.64	%		8.56	%
Total risk-based capital		10.49	%		11.19	%		11.07	%		10.61	%		10.50	%
Tier I leverage		8.80	%		9.36	%		8.44	%		8.52	%		8.38	%

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

23

Fifth Third Bancorp and Subsidiaries

Asset Quality

$ in millions

(unaudited)

	For the Three Months Ended
	June 2007			March 2007			December 2006			September 2006			June 2006
Summary of Credit Loss Experience
Losses charged off:
Commercial loans	$	(29	)	$	(19	)	$	(37	)	$	(29	)	$	(31	)
Commercial mortgage loans		(16	)		(7	)		(11	)		(8	)		(5	)
Commercial construction loans		(7	)		(6	)		(3	)		(1	)		(3	)
Commercial leases		—			(1	)		(1	)		—			(2	)
Residential mortgage loans		(9	)		(7	)		(8	)		(5	)		(6	)
Home equity		(22	)		(19	)		(16	)		(16	)		(16	)
Automobile loans		(24	)		(25	)		(25	)		(21	)		(19	)
Credit card		(12	)		(11	)		(11	)		(9	)		(9	)
Other consumer loans and leases		(5	)		(4	)		(6	)		(7	)		(5	)
Total losses		(124	)		(99	)		(118	)		(96	)		(96	)
Recoveries of losses previously charged off:
Commercial loans		5			4			8			4			9
Commercial mortgage loans		—			—			—			1			1
Commercial construction loans		—			—			—			—			—
Commercial leases		—			—			1			1			1
Residential mortgage loans		—			—			—			—			—
Home equity		2			2			2			2			3
Automobile loans		9			9			6			6			9
Credit card		2			3			1			1			2
Other consumer loans and leases		4			10			3			2			4
Total recoveries		22			28			21			17			29
Net losses charged off:
Commercial loans		(24	)		(15	)		(29	)		(25	)		(22	)
Commercial mortgage loans		(16	)		(7	)		(11	)		(7	)		(4	)
Commercial construction loans		(7	)		(6	)		(3	)		(1	)		(3	)
Commercial leases		—			(1	)		—			1			(1	)
Residential mortgage loans		(9	)		(7	)		(8	)		(5	)		(6	)
Home equity		(20	)		(17	)		(14	)		(14	)		(13	)
Automobile loans		(15	)		(16	)		(19	)		(15	)		(10	)
Credit card		(10	)		(8	)		(10	)		(8	)		(7	)
Other consumer loans and leases		(1	)		6			(3	)		(5	)		(1	)
Total net losses charged off	$	(102	)	$	(71	)	$	(97	)	$	(79	)	$	(67	)
Allowance for loan and lease losses, beginning	$	784		$	771		$	761		$	753		$	749
Total net losses charged off		(102	)		(71	)		(97	)		(79	)		(67	)
Provision for loan and lease losses		121			84			107			87			71
Allowance for loan and lease losses, ending	$	803		$	784		$	771		$	761		$	753
Reserve for unfunded commitments, beginning	$	79		$	76		$	76		$	74		$	69
Provision for unfunded commitments		(2	)		3			—			2			5
Reserve for unfunded commitments, ending	$	77		$	79		$	76		$	76		$	74
Components of allowance for credit losses:
Allowance for loan and lease losses	$	803		$	784		$	771		$	761		$	753
Reserve for unfunded commitments		77			79			76			76			74
Total allowance for credit losses	$	880		$	863		$	847		$	837		$	827
Nonperforming Assets and Delinquent Loans
Nonaccrual loans and leases (a)	$	406		$	390		$	352		$	320		$	281
Renegotiated loans and leases		—			—			—			—			—
Other assets, including other real estate owned		122			104			103			91			77
Total nonperforming assets	$	528		$	494		$	455		$	411		$	358
Ninety days past due loans and leases (a)	$	302		$	243		$	210		$	196		$	191
Ratios
Net losses charged off as a percent of average loans and leases		0.55	%		0.39	%		0.52	%		0.43	%		0.37	%
Allowance for loan and lease losses as a percent of loans and leases		1.06	%		1.05	%		1.04	%		1.04	%		1.04	%
Nonperforming assets as a percent of loans, leases and other assets, including other real estate owned		0.70	%		0.66	%		0.61	%		0.56	%		0.49	%

(a) Nonaccrual includes $35 million and Ninety Days Past Due includes $74 million of residential mortgage loans as of June 30, 2007.

24