Fifth Third Bancorp (FITB) 8-K Fifth Third Bancorp Reports Fourth Quarter 2008 Results

Exhibit 99.3

January 2009

ANNUAL FINANCIAL SUPPLEMENT

Investment Community Member:

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

Numbers are unaudited for year-end information.

If you need further information, please fax or e-mail your request to Fifth Third’s Investor Relations Department at (513) 534-3945 or Jeff.Richardson@53.com

Jeff Richardson	Jim Eglseder
SVP/Investor Relations	VP/Investor Relations
(513) 534-0983	(513) 534-8424

Yearly Data

	Years Ended December 31,
	2008			2007		2006		2005		2004
Ratios (percent)
Return on assets		(1.85	)		1.05		1.13		1.51		1.61
Return on average common equity		(23.0	)		11.2		12.1		16.6		17.2
Average equity as a percent of average assets		8.78			9.35		9.32		9.06		9.34
Net interest margin (a)		3.54			3.36		3.06		3.23		3.48
Efficiency (a)		70.4			61.1		60.5		53.2		53.9
Net losses charged off as a percent of average loans and leases		3.23			0.61		0.44		0.45		0.45
Allowance for loan and lease losses as a percent of loans and leases		3.31			1.17		1.04		1.06		1.19
Allowance for credit losses as a percent of loans and leases		3.54			1.29		1.14		1.16		1.31
Nonperforming assets as a percent of loans, leases and other assets, including OREO (b)		2.96			1.32		0.61		0.52		0.51
Allowance for loan and lease losses as a percent of nonperforming assets		93.76			88.06		169.62		206.03		235.32
Allowance for credit losses as a percent of nonperforming assets		100.32			96.99		186.33		225.33		259.05
Common Share Data
Earnings per share	$	(3.94	)	$	2.04	$	2.14	$	2.79	$	2.72
Earnings per diluted share		(3.94	)		2.03		2.13		2.77		2.68
Cash dividends per common share		0.75			1.70		1.58		1.46		1.31
Book value per share		13.57			17.18		18.00		16.98		15.99
Common shares outstanding, excluding treasury		577,386,612			532,671,925		556,252,674		555,623,430		557,648,989
Market price per share:
High	$	14.75		$	43.32	$	41.57	$	48.12	$	60.00
Low		6.32			24.82		35.86		35.04		45.32
Close		8.26			25.13		40.93		37.72		47.30
Price/earnings ratio (c)		NM			12.44		19.13		13.57		17.65
Supplemental Data
Common dividends declared ($ in millions)	$	413		$	914	$	880	$	810	$	735
Full-time equivalent employees		21,476			21,683		21,362		21,681		19,659
Banking centers		1,307			1,227		1,150		1,119		1,011

(a) Presented on a fully taxable equivalent basis (“FTE”).

(b) Excludes nonperforming assets held for sale.

(c) Based on the most recent twelve-month earnings per diluted share and end of period stock prices. (NM = Not Meaningful)

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Yearly Data

	Years Ended December 31,
	2008			2007			2006			2005			2004
Income Statement ($ in millions)
Interest income (FTE)	$	5,630		$	6,051		$	5,981		$	5,026		$	4,150
Interest expense		2,094			3,018			3,082			2,030			1,102
Net interest income (FTE)		3,536			3,033			2,899			2,996			3,048
Provision for loan and lease losses		4,560			628			343			330			268
Noninterest income:
Electronic payment processing revenue		912			989			857			748			631
Service charges on deposits		641			579			517			522			515
Investment advisory revenue		353			382			367			358			363
Corporate banking revenue		444			367			318			299			228
Mortgage banking net revenue		199			133			155			174			178
Other noninterest income		363			176			300			360			587
Securities gains (losses), net		(86	)		21			(364	)		39			(37	)
Securities gains, net-non-qualifying hedges on mortgage servicing rights		120			6			3			—			—
Total noninterest income		2,946			2,653			2,153			2,500			2,465
Noninterest expense:
Salaries, wages, and incentives		1,337			1,239			1,174			1,133			1,018
Employee benefits		278			278			292			283			261
Payment processing expense		274			407			325			272			224
Net occupancy expense		300			269			245			221			185
Technology and communications		191			169			141			142			120
Equipment expense		130			123			116			105			84
Other noninterest expense		2,054			990			763			771			1,080
Total noninterest expense		4,564			1,375			3,056			2,927			2,972
Income (loss) before income taxes and cumulative effect (FTE)		(2,642	)		1,583			1,653			2,239			2,273
Taxable equivalent adjustment		22			24			26			31			36
Income (loss) before income taxes and cumulative effect		(2,664	)		1,559			1,627			2,208			2,237
Applicable income taxes		(551	)		461			443			659			712
Income (loss) before cumulative effect		(2,113	)		1,098			1,184			1,549			1,525
Cumulative effect of change in accounting principle, net of tax		—			—			4			—			—
Net income (loss)	$	(2,113	)	$	1,098		$	1,188		$	1,549		$	1,525
Net income (loss) available to common shareholders	$	(2,180	)	$	1,097		$	1,188		$	1,548		$	1,524
Regulatory Capital Data ($ in millions) (a)
Tier I capital	$	11,924		$	8,931		$	8,625		$	8,209		$	8,522
Tier II capital		4,722			2,809			2,760			2,031			1,654
Total risk-based capital	$	16,646		$	11,740		$	11,385		$	10,240		$	10,176
Total risk-weighted assets	$	112,572		$	115,775		$	102,823		$	98,293		$	82,633
Tier I capital ratio		10.59	%		7.72	%		8.39	%		8.35	%		10.31	%
Total risk-based capital ratio		14.79	%		10.16	%		11.07	%		10.42	%		12.31	%
Tier I leverage ratio		10.27	%		8.50	%		8.44	%		8.08	%		8.89	%

(a) 2008 regulatory capital data and ratios are estimated.

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Yearly Data

	As of December 31,
	2008			2007			2006			2005			2004
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,739		$	2,687		$	2,737		$	3,078		$	2,561
Available-for-sale securities		12,728			10,677			11,053			21,924			24,687
Held-to-maturity securities		360			355			356			389			255
Trading securities		1,191			171			187			117			77
Other short-term investments		3,578			593			809			158			532
Total cash and securities		20,596			14,483			15,142			25,666			28,112
Loans held for sale		1,452			4,329			1,150			1,304			559
Portfolio loans and leases		84,143			80,253			74,353			69,925			59,808
Total loans and leases		85,595			84,582			75,503			71,229			60,367
Allowance for loan and lease losses		(2,787	)		(937	)		(771	)		(744	)		(713	)
Operating lease equipment		463			353			202			143			304
Goodwill		2,624			2,470			2,193			2,169			979
Intangible assets		168			147			166			208			150
Servicing rights		499			618			524			441			352
Other real estate owned		231			159			88			54			63
Other assets		12,375			9,109			7,622			6,059			4,842
Total assets	$	119,764		$	110,984		$	100,669		$	105,225		$	94,456
Liabilities
Deposits:
Demand	$	15,287		$	14,404		$	14,331		$	14,609		$	13,486
Interest checking		13,826			15,254			15,993			18,282			19,481
Savings		16,063			15,635			13,181			11,276			8,310
Money market		4,689			6,521			6,584			6,129			4,321
Foreign Office		2,144			2,572			1,353			421			153
Other time		14,350			11,440			10,987			9,313			6,837
Certificates - $100,000 and over		11,851			6,738			6,628			4,343			2,121
Other foreign office		403			2,881			323			3,061			3,517
Total deposits		78,613			75,445			69,380			67,434			58,226
Federal funds purchased		287			4,427			1,421			5,323			4,714
Short-term bank notes		—			—			—			—			775
Other short-term borrowings		9,959			4,747			2,796			4,246			4,537
Other liabilities		5,243			4,325			4,492			3,549			3,297
Long-term debt		13,585			12,857			12,558			15,227			13,983
Total liabilities		107,687			101,801			90,647			95,779			85,532
Shareholders’ Equity
Common and preferred equity		12,208			11,518			11,433			11,138			10,507
Accumulated other comprehensive income related to employee benefit plans		(105	)		(57	)		(59	)		(5	)		(64	)
Net unrealized (losses) gains on available-for-sale securities and qualifying cash flow hedges		203			(69	)		(120	)		(408	)		(105	)
Treasury stock, at cost		(229	)		(2,209	)		(1,232	)		(1,279	)		(1,414	)
Total shareholders’ equity		12,077			9,183			10,022			9,446			8,924
Total liabilities & shareholders’ equity	$	119,764		$	110,984		$	100,669		$	105,225		$	94,456
Share Data
Preferred shares outstanding		180,620			9,250			9,250			9,250			9,250
Common shares outstanding, excluding treasury		577,386,612			532,671,925			556,252,674			555,623,430			557,648,989
Treasury shares held		6,040,492			50,755,179			27,174,430			27,803,674			25,802,702

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Yearly Data

	Years Ended December 31,
	2008			2007			2006			2005			2004
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	85,835		$	78,348		$	73,493		$	67,737		$	57,042
Taxable securities		13,082			11,131			20,306			24,017			29,365
Tax exempt securities		342			499			604			789			917
Other short-term investments		621			404			378			193			315
Total interest-earning assets		99,880			90,342			94,781			92,736			87,639
Cash and due from banks		2,490			2,275			2,495			2,758			2,216
Other assets		13,411			10,613			8,713			8,102			5,763
Allowance for loan and lease losses		(1,485	)		(793	)		(751	)		(720	)		(722	)
Total assets	$	114,296		$	102,477		$	105,238		$	102,876		$	94,896
Liabilities
Interest-bearing liabilities:
Interest checking	$	14,095		$	14,820		$	16,650		$	18,884		$	19,434
Savings		16,192			14,836			12,189			10,007			7,941
Money market		6,127			6,308			6,366			5,170			3,473
Foreign office		2,153			1,762			732			248			85
Other time		11,135			10,778			10,500			8,491			6,208
Certificates - $100,000 and over		9,531			6,466			5,795			4,001			2,403
Other foreign office		2,163			1,393			2,979			3,719			4,364
Short-term borrowings		10,760			6,890			8,670			9,511			13,539
Long-term debt		13,903			12,505			14,247			16,384			13,323
Total interest-bearing liabilities		86,059			75,758			78,128			76,415			70,770
Demand deposits		14,017			13,261			13,741			13,868			12,327
Other liabilities		4,182			3,875			3,558			3,276			2,939
Total liabilities		104,258			92,894			95,427			93,559			86,036
Shareholders’ equity		10,038			9,583			9,811			9,317			8,860
Total liabilities & shareholders’ equity	$	114,296		$	102,477		$	105,238		$	102,876		$	94,896
Average loans and leases (excluding held for sale)	$	83,895		$	76,033		$	72,447		$	66,685		$	55,951
Average common shares outstanding:
Basic		553,112,898			537,669,793			554,983,021			554,410,581			561,258,539
Diluted		553,112,898			540,118,386			557,493,607			558,442,819			568,234,313

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Yearly Data

	Years Ended December 31,
	2008			2007			2006			2005			2004
End of Period Loans and Leases ($ in millions)(net of unearned discount)
Commercial:
Commercial loans	$	29,220		$	26,079		$	20,831		$	19,377		$	16,107
Commercial mortgage		12,952			11,967			10,405			9,188			7,636
Commercial construction		5,114			5,561			6,168			6,342			4,348
Commercial leases		3,666			3,737			3,841			3,698			3,426
Subtotal - commercial		50,952			47,344			41,245			38,605			31,517
Consumer:
Residential mortgage		10,292			11,433			9,905			8,991			7,912
Home equity		12,752			11,874			12,154			11,805			10,318
Automobile loans		8,594			11,183			10,028			9,396			7,734
Credit card		1,811			1,591			1,004			788			794
Other consumer loans and leases		1,198			1,157			1,167			1,644			2,092
Subtotal - consumer		34,647			37,238			34,258			32,624			28,850
Total loans and leases	$	85,599		$	84,582		$	75,503		$	71,229		$	60,367
Asset Quality ($ in millions)
Nonaccrual loans and leases	$	1,696		$	813		$	352		$	294		$	228
Nonaccrual loans held for sale		473			—			—			—			—
Restructured loans and leases		574			80			—			—			1
Other assets, including other real estate owned		230			171			103			67			74
Total nonperforming assets	$	2,973		$	1,064		$	455		$	361		$	303
Ninety days past due loans and leases	$	662		$	491		$	210		$	155		$	142
Nonperforming Loans ($ in millions) (non-accrual plus renegotiated)
Commercial construction loans	$	578		$	249		$	54		$	31		$	13
Commercial mortgage		715			243			84			51			51
Commercial loans and leases		586			180			133			146			111
Consumer mortgage and construction		601			121			38			30			24
Other consumer loans and leases		263			100			43			36			30
Total nonperforming loans	$	2,743		$	893		$	352		$	294		$	229
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(2,792	)	$	(544	)	$	(408	)	$	(373	)	$	(321	)
Recoveries		82			81			92			74			69
Net losses charged off	$	(2,710	)	$	(463	)	$	(316	)	$	(299	)	$	(252	)

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