Fifth Third Bancorp (FITB) 8-K Fifth Third Bancorp Announces First Quarter 2009 Earnings

Exhibit 99.2

April 2009

QUARTERLY FINANCIAL SUPPLEMENT

Investment Community Member:

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

Numbers are unaudited for quarterly information.

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

Jim Eglseder	Rich Rosen
VP / Investor Relations	VP / Investor Relations
(513) 534-8424	(513) 534-3307

Quarterly Data

	Three Months Ended
	March 31, 2009			December 31, 2008			September 30, 2008			June 30, 2008			March 31, 2008		December 31, 2007		September 30, 2007		June 30, 2007
Ratios (percent)
Return on assets		0.17			(7.16	)		(0.19	)		(0.72	)		1.03		0.06		1.26		1.50
Return on average common equity		(1.4	)		(94.6	)		(3.3	)		(8.5	)		12.3		0.7		13.8		15.7
Average equity as a percent of average assets		10.18			8.65			9.45			8.59			8.43		8.77		9.13		9.53
Net interest margin (a)		3.06			3.46			4.24			3.04			3.41		3.29		3.34		3.37
Efficiency (a)		65.1			131.3			54.2			58.6			42.3		72.6		59.2		54.1
Net losses charged off as a percent of average loans and leases		2.37			7.50			2.17			1.66			1.37		0.89		0.60		0.55
Allowance for loan and lease losses as a percent of loans and leases		3.71			3.31			2.41			1.85			1.49		1.17		1.08		1.06
Allowance for credit losses as a percent of loans and leases		3.99			3.54			2.56			1.98			1.62		1.29		1.19		1.16
Nonperforming assets as a percent of loans, leases and other assets, including OREO (b) (c)		3.19			2.38			2.86			2.26			1.81		1.25		0.89		0.70
Allowance for loan and lease losses as a percent of nonperforming assets (c)		100.63			112.44			83.98			81.49			81.96		93.13		121.70		153.32
Allowance for credit losses as a percent of nonperforming assets (c)		108.20			120.30			89.35			87.41			88.96		102.57		133.28		167.99
Common Share Data
Earnings per share	$	(0.04	)	$	(3.78	)	$	(0.14	)	$	(0.37	)	$	0.54	$	0.03	$	0.61	$	0.69
Earnings per diluted share		(0.04	)		(3.78	)		(0.14	)		(0.37	)		0.54		0.03		0.61		0.69
Cash dividends per common share		0.01			0.01			0.15			0.15			0.44		0.44		0.42		0.42
Book value per share		13.61			13.57			16.65			16.75			17.56		17.18		17.43		17.14
Common shares outstanding, excluding treasury		576,935,997			577,386,612			577,486,544			577,529,636			532,106,075		532,671,925		532,626,990		535,696,910
Market price per share:
High	$	8.65		$	14.75		$	21.00		$	23.75		$	28.58	$	35.34	$	41.17	$	43.32
Low		1.01			6.32			7.96			8.96			20.25		24.82		33.60		37.88
End of period		2.92			8.26			11.90			10.18			20.92		25.13		33.88		39.77
Price/earnings ratio (d)		NM			NM			198.33			12.57			11.19		12.69		16.37		18.58
Supplemental Data
Common dividends declared ($ in millions)	$	5		$	6		$	87		$	87		$	234	$	234	$	224	$	225
Full-time equivalent employees		20,618			21,476			21,522			21,617			21,726		21,683		20,775		21,033
Banking centers		1,311			1,307			1,298			1,308			1,232		1,227		1,181		1,167
ATMs		2,354			2,341			2,329			2,329			2,221		2,211		2,153		2,132

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

(b) Excludes nonperforming assets held for sale.

(c) Restructured loans and lease less than 90 days delinquent were reclassified from non accrual to accrual status for March 31, 2009 and prior.

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

2

Quarterly Data

	Three Months Ended
	March 31, 2009			December 31, 2008			September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007			September 30, 2007			June 30, 2007
Income Statement ($ in millions)
Interest income (FTE)	$	1,183		$	1,411		$	1,553		$	1,213		$	1,453		$	1,556		$	1,535		$	1,495
Interest expense		402			514			485			469			627			771			775			750
Net interest income (FTE)		781			897			1,068			744			826			785			760			745
Provision for loan and lease losses		773			2,356			941			719			544			284			139			121
Noninterest income:
Electronic payment processing revenue		223			230			235			235			213			223			212			205
Service charges on deposits		146			162			172			159			147			160			151			142
Investment advisory revenue		76			78			90			92			93			94			95			97
Corporate banking revenue		116			121			104			111			107			106			91			88
Mortgage banking net revenue		134			(29	)		45			86			97			26			26			41
Other noninterest income		10			24			112			49			177			(113	)		93			96
Securities gains (losses), net		(24	)		(40	)		(63	)		(10	)		27			7			13			—
Securities gains, net - non-qualifying hedges on mortgage servicing rights		16			96			22			—			3			6			—			—
Total noninterest income		697			642			717			722			864			509			681			669
Noninterest expense:
Salaries, wages and incentives		327			337			321			331			347			328			310			309
Employee benefits		83			61			72			60			85			56			67			68
Payment processing expense		67			70			70			67			66			68			65			59
Net occupancy expense		79			77			77			73			72			70			66			68
Technology and communications		45			48			47			49			47			47			41			41
Equipment expense		31			35			34			31			31			32			30			31
Other noninterest expense		330			1,394			346			247			67			339			274			189
Total noninterest expense		962			2,022			967			858			715			940			853			765
Income (loss) before income taxes (FTE)		(257	)		(2,839	)		(123	)		(111	)		431			70			449			528
Taxable equivalent adjustment		5			5			5			6			6			6			6			6
Income (loss) before income taxes		(262	)		(2,844	)		(128	)		(117	)		425			64			443			522
Applicable income taxes		(312	)		(702	)		(72	)		85			139			48			118			146
Net income (loss)	$	50		$	(2,142	)	$	(56	)	$	(202	)	$	286		$	16		$	325		$	376
Net income (loss) available to common shareholders	$	(26	)	$	(2,184	)	$	(81	)	$	(202	)	$	286		$	16		$	325		$	375
Regulatory Capital Data ($ in millions) (a)
Tier I capital	$	11,924		$	11,924		$	9,734		$	9,829		$	8,993		$	8,924		$	9,201		$	8,616
Tier II capital		4,578			4,722			4,239			4,202			4,211			2,809			2,623			2,547
Total risk-based capital	$	16,502		$	16,646		$	13,973		$	14,031		$	13,204		$	11,733		$	11,824		$	11,163
Risk-weighted assets	$	109,063		$	112,622		$	113,601		$	115,481		$	116,451		$	115,529		$	108,754		$	105,950
Tier I capital ratio		10.93	%		10.59	%		8.57	%		8.51	%		7.72	%		7.72	%		8.46	%		8.13	%
Total risk-based capital ratio		15.13	%		14.78	%		12.30	%		12.15	%		11.34	%		10.16	%		10.87	%		10.54	%
Tier I leverage ratio		10.29	%		10.27	%		8.77	%		9.08	%		8.28	%		8.50	%		9.23	%		8.76	%

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

3

Quarterly Data

	As of
	March 31, 2009			December 31, 2008			September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007			September 30, 2007			June 30, 2007
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	2,491		$	2,739		$	2,774		$	2,853		$	3,092		$	2,660		$	2,494		$	2,294
Available-for-sale and other securities		16,916			12,728			13,177			12,718			12,421			10,677			10,777			11,015
Held-to-maturity securities		358			360			360			361			353			355			346			346
Trading securities		1,407			1,191			915			241			184			171			155			148
Other short-term investments		1,587			3,578			229			286			517			620			765			437
Total cash and securities		22,759			20,596			17,455			16,459			16,567			14,483			14,537			14,240
Loans held for sale		2,602			1,452			1,000			889			2,573			4,329			2,761			1,708
Portfolio loans and leases		82,569			84,143			85,498			85,524			80,886			80,253			76,254			75,709
Total loans and leases		85,171			85,595			86,498			86,413			83,459			84,582			79,015			77,417
Allowance for loan and lease losses		(3,070	)	��	(2,787	)		(2,058	)		(1,580	)		(1,205	)		(937	)		(827	)		(803	)
Bank premises and equipment		2,490			2,494			2,470			2,444			2,265			2,223			2,127			2,063
Operating lease equipment		470			463			369			364			317			353			283			209
Goodwill		2,623			2,624			3,592			3,603			2,460			2,470			2,192			2,192
Intangible assets		154			168			188			203			143			147			138			147
Servicing rights		481			499			687			701			596			618			626			607
Other real estate owned		255			231			214			208			193			159			127			113
Other assets		7,980			9,881			6,879			6,160			6,601			6,864			6,047			5,205
Total assets	$	119,313		$	119,764		$	116,294		$	114,975		$	111,396		$	110,962		$	104,265		$	101,390
Liabilities
Deposits:
Demand	$	16,370		$	15,287		$	14,241		$	16,259		$	14,949		$	14,404		$	13,174		$	13,524
Interest checking		14,510			14,222			13,251			14,002			14,842			15,254			14,294			14,672
Savings		16,517			16,063			15,955			16,602			16,572			15,635			15,599			15,036
Money market		4,353			4,689			5,352			6,806			7,077			6,521			6,163			6,334
Foreign office		1,671			2,144			1,999			2,174			2,354			2,572			2,014			1,744
Other time		14,571			14,350			11,778			9,839			9,883			11,440			10,267			10,428
Certificates - $100,000 and over		11,784			11,851			13,173			10,870			4,993			6,738			5,973			6,204
Other foreign office		6			7			1,711			864			731			2,881			1,898			1,251
Total deposits		79,782			78,613			77,460			77,416			71,401			75,445			69,382			69,193
Federal funds purchased		363			287			2,521			2,447			5,612			4,427			5,130			3,824
Other short-term borrowings		11,076			9,959			8,791			5,628			6,387			4,747			3,796			3,331
Other liabilities		3,812			5,243			3,879			3,684			4,603			4,325			4,166			3,894
Long-term debt		12,178			13,585			12,947			15,046			14,041			12,857			12,498			11,957
Total liabilities		107,211			107,687			105,598			104,221			102,044			101,801			94,972			92,199
Shareholders’ Equity
Common and preferred equity		12,180			12,208			10,986			11,138			11,537			11,496			11,665			11,542
Net unrealized gains (losses):
Available-for-sale securities		178			115			(47	)		(132	)		2			(94	)		(149	)		(230	)
Qualifying cash flow hedges		76			88			41			34			64			25			6			(7	)
Accumulated other comprehensive income related to employee benefit plans		(103	)		(105	)		(53	)		(54	)		(55	)		(57	)		(55	)		(56	)
Treasury stock, at cost		(229	)		(229	)		(231	)		(232	)		(2,196	)		(2,209	)		(2,174	)		(2,058	)
Total shareholders’ equity		12,102			12,077			10,696			10,754			9,352			9,161			9,293			9,191
Total liabilities & shareholders’ equity	$	119,313		$	119,764		$	116,294		$	114,975		$	111,396		$	110,962		$	104,265		$	101,390
Share Data
Preferred shares outstanding		180,620			180,620			53,550			53,550			9,250			9,250			9,250			9,250
Common shares outstanding, excluding treasury		576,935,997			577,386,612			577,486,544			577,529,636			577,529,636			532,671,925			532,626,990			535,696,910
Treasury shares held		6,491,107			6,040,492			5,940,560			5,897,468			51,321,029			51,516,339			50,800,114			47,730,194

4

Quarterly Data

	Three Months Ended
	March 31, 2009			December 31, 2008			September 30, 2008				June 30, 2008			March 31, 2008			December 31, 2007			September 30, 2007			June 30, 2007
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	85,828		$	87,425		$	85,772			$	85,212		$	84,912		$	82,172		$	78,243		$	77,048
Taxable securities		16,283			14,882			13,310				12,554			11,560			11,360			11,180			11,030
Tax exempt securities		262			288			315				364			403			464			490			508
Other short-term investments		1,290			513			890				445			634			682			499			203
Total interest-earning assets		103,663			103,108			100,287				98,575			97,509			94,678			90,412			88,789
Cash and due from banks		2,438			2,897			2,468				2,357			2,236			2,424			2,189			2,235
Other assets		15,364			15,090			13,683				12,370			12,477			11,444			10,330			10,524
Allowance for loan and lease losses		(2,784	)		(2,142	)		(1,654	)			(1,204	)		(931	)		(819	)		(800	)		(781	)
										��
Total assets	$	118,681		$	118,953		$	114,784			$	112,098		$	111,291		$	107,727		$	102,131		$	100,767
Liabilities
Interest-bearing liabilities:
Interest checking	$	14,229		$	13,698		$	13,843			$	14,396		$	14,836		$	14,394		$	14,334		$	15,061
Savings		16,272			15,960			16,154				16,583			16,075			15,616			15,390			14,620
Money market		4,559			4,983			6,051				6,592			6,896			6,363			6,247			6,244
Foreign office		1,755			1,876			2,126				2,169			2,443			2,249			1,808			1,637
Other time		14,501			13,337			10,780				9,517			10,884			11,011			10,290			10,780
Certificates -$100,000 and over		11,802			12,468			11,623				8,143			5,835			6,613			6,062			6,511
Other foreign office		247			1,090			395				2,948			3,861			2,464			1,981			732
Federal funds purchased		701			2,016			1,013				3,643			5,258			4,189			4,322			3,540
Other short-term borrowings		9,621			10,912			9,613				5,623			4,937			4,890			3,285			2,372
Long-term debt		12,531			13,101			14,392				14,803			13,328			13,188			12,351			12,238
Total interest-bearing liabilities		86,218			89,441			85,990				84,417			84,353			80,977			76,070			73,735
Demand deposits		15,532			14,602			14,225				14,023			13,208			13,345			13,143			13,370
Other liabilities		4,847			4,619			3,726				4,029			4,351			3,959			3,594			4,063
Total liabilities		106,597			108,662			103,941				102,469			101,912			98,281			92,807			91,168
Shareholders’ equity		12,084			10,291			10,843				9,629			9,379			9,446			9,324			9,599
Total liabilities & shareholders’ equity	$	118,681		$	118,953		$	114,784			$	112,098		$	111,291		$	107,727		$	102,131		$	100,767
Average loans and leases (excluding held for sale)	$	83,561		$	86,369		$	84,695			$	83,537		$	80,945		$	78,174		$	76,295		$	75,205
Average common shares outstanding:
Basic		571,810,034			571,809,026			571,705,319				540,029,899			528,497,585			529,119,898			530,123,356			540,263,755
Diluted		571,810,034			571,809,026			571,705,319				540,029,899			530,372,174			530,938,891			532,470,709			543,228,461

5

Quarterly Data

	Three Months Ended
	March 31, 2009			December 31, 2008			September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007			September 30, 2007			June 30, 2007
End of Period Loans and Leases ($ in millions)(net of unearned discount)
Commercial:
Commercial loans	$	28,627		$	29,220		$	29,424		$	28,958		$	27,937		$	26,079		$	23,317		$	22,162
Commercial mortgage		12,768			12,952			13,355			13,394			12,155			11,967			11,178			11,112
Commercial construction		4,930			5,114			6,002			6,007			5,592			5,561			5,463			5,469
Commercial leases		3,521			3,666			3,642			3,647			3,727			3,737			3,710			3,698
Subtotal - commercial		49,846			50,952			52,423			52,006			49,411			47,344			43,668			42,441
Consumer:
Residential mortgage		10,972			10,292			10,292			10,704			10,985			11,433			9,945			10,038
Home equity		12,710			12,752			12,599			12,421			11,803			11,874			11,737			11,780
Automobile loans		8,688			8,594			8,306			8,362			8,394			11,183			11,043			10,714
Credit card		1,816			1,811			1,688			1,717			1,686			1,591			1,460			1,263
Other consumer loans and leases		1,139			1,198			1,190			1,203			1,180			1,157			1,162			1,181
Subtotal - consumer		35,325			34,647			34,075			34,407			34,048			37,238			35,347			34,976
Total loans and leases	$	85,171		$	85,599		$	86,498		$	86,413		$	83,459		$	84,582		$	79,015		$	77,417
Average Loans and Leases ($ in millions)(net of unearned discount)
Commercial:
Commercial loans	$	28,968		$	30,227		$	28,284		$	28,557		$	26,617		$	24,526		$	22,345		$	21,587
Commercial mortgage		12,809			13,194			13,257			12,590			12,052			11,588			11,117			11,030
Commercial construction		5,115			5,990			6,110			5,700			5,577			5,544			5,499			5,595
Commercial leases		3,564			3,610			3,642			3,747			3,723			3,692			3,700			3,678
Subtotal - commercial		50,456			53,021			51,293			50,594			47,969			45,350			42,661			41,890
Consumer:
Residential mortgage		10,921			10,327			10,711			11,244			11,699			11,181			10,396			10,201
Home equity		12,763			12,677			12,534			12,012			11,846			11,843			11,752			11,886
Automobile loans		8,687			8,428			8,303			8,439			10,542			11,158			10,865			10,552
Credit card		1,825			1,748			1,720			1,703			1,660			1,461			1,366			1,248
Other consumer loans and leases		1,177			1,225			1,211			1,221			1,196			1,179			1,203			1,271
Subtotal - consumer		35,373			34,405			34,479			34,619			36,943			36,822			35,582			35,158
Total average loans and leases	$	85,829		$	87,426		$	85,772		$	85,213		$	84,912		$	82,172		$	78,243		$	77,048
Asset Quality ($ in millions)
Nonaccrual loans and leases	$	2,229		$	1,696		$	2,179		$	1,670		$	1,224		$	813		$	542		$	403
Nonaccrual loans held for sale		403			473			—			—			—			—			—			—
Restructured loans and leases (non accrual) (a)		167			80			50			56			43			22			—			—
Other assets, including other real estate owned		252			230			222			212			204			171			137			122
Total nonperforming assets	$	3,051		$	2,479		$	2,451		$	1,938		$	1,471		$	1,006		$	679		$	525
Ninety days past due loans and leases	$	733		$	662		$	671		$	608		$	539		$	491		$	360		$	302
Commercial loans and leases	$	704		$	586		$	573		$	425		$	311		$	180		$	180		$	141
Commercial mortgage		900			715			724			524			312			243			146			113
Commercial construction loans		736			578			636			537			408			249			105			65
Consumer mortgage and construction		346			279			221			166			156			98			64			36
Other consumer loans and leases		113			91			75			74			80			65			47			48
Total nonperforming loans and leases (including held for sale)	$	2,799		$	2,249		$	2,229		$	1,726		$	1,267		$	835		$	542		$	403
Credit Charge-Offs ($ in millions)
Gross charge-offs	$	(521	)	$	(1,652	)	$	(481	)	$	(365	)	$	(293	)	$	(193	)	$	(127	)	$	(124	)
Recoveries		31			25			18			21			17			19			12			22
Net losses charged off	$	(490	)	$	(1,627	)	$	(463	)	$	(344	)	$	(276	)	$	(174	)	$	(115	)	$	(102	)

(a) Restructured loans and lease less than 90 days delinquent were reclassified from non accrual to accrual status for March 31, 2009 and prior.

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