 Fifth Third Bank | All Rights Reserved 1Q09 Credit Trends April 23, 2009 Please refer to earnings release dated April 23, 2009 for full results including those reported on a GAAP basis Exhibit 99.3 |
 2 Fifth Third Bank | All Rights Reserved Credit by portfolio* C&I 21% Home equity 15% Card 7% Commercial construction 16% Commercial mortgage 16% Residential mortgage 15% Auto 9% Other consumer 1% MI 21% IN 4% IL 9% Other / National 10% KY 5% TN 3% NC 1% OH 17% FL 30% Net charge-offs by loan type Net charge-offs by geography * NPAs exclude loans held-for-sale. ($ in millions) C&I Commercial mortgage Commercial construction Commercial lease Total commercial Residential mortgage Home equity Auto Credit card Other consumer Total consumer Total loans & leases Loan balances $28,617 $12,560 $4,745 $3,521 $49,443 $8,875 $12,710 $8,688 $1,816 $1,037 $33,126 $82,569 % of total 35% 15% 6% 4% 60% 11% 15% 11% 2% 1% 40% NPAs $675 $718 $597 $28 $2,018 $475 $83 $26 $45 $1 $630 $2,648 NPA ratio 2.36% 5.72% 12.59% 0.77% 4.07% 5.35% 0.65% 0.30% 2.51% 0.12% 1.89% 3.19% Net charge-offs $103 $77 $76 $0 $256 $75 $72 $46 $36 $5 $234 $490 Net charge-off ratio 1.45% 2.50% 6.21% 0.00% 2.08% 3.27% 2.28% 2.17% 7.92% 1.63% 2.82% 2.37% |
 3 Fifth Third Bank | All Rights Reserved Portfolio performance drivers Performance Largely Driven By No Participation In Subprime Option ARMs Discontinued or Suspended Lending Discontinued in 2007: Brokered home equity ($2.2B) Suspended in 2008: Homebuilder/residential development ($2.3B) Other non-owner occupied commercial RE excluding homebuilder/developer ($8.6B) Saleability: All mortgages originated for intended sale* * Residential construction-related consumer mortgages intended to be held in portfolio until permanent financing complete. Jumbo mortgage originations currently being held due to market conditions. Geography: Florida, Michigan most stressed 1Q09 C/O ratio: Total loan portfolio 4.4% Commercial portfolio 4.0% Consumer portfolio 4.9% Remaining Midwest, Southeast performance reflects economic trends 1Q09 C/O ratio: Total loan portfolio 1.6% ex-FL/MI Commercial portfolio 1.4% ex-FL/MI Consumer portfolio 2.0% ex-FL/MI Products: Homebuilder/developer charge-offs $64 million in 1Q09 Total charge-off ratio 2.4% (2.1% ex-HBs) Commercial charge-off ratio 2.1% (1.6% ex- HBs) Brokered home equity charge-offs 5.5% in 1Q09 Direct home equity portfolio 1.6% |
 4 Fifth Third Bank | All Rights Reserved Non-performing assets and net charge-offs: Product view* 0 200 400 600 800 1,000 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 C&I/Lease Auto Credit Card Other CRE Res RE 0 500 1,000 1,500 2,000 2,500 3,000 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 C&I/Lease Auto/Other CRE Res RE Total NPAs Total NCOs * NPAs exclude loans held-for-sale. Net charge-offs exclude losses on loans sold or transferred to held-for-sale in 4Q08. During 1Q09 the Bancorp modified its nonaccrual policy to exclude TDR loans less than 90 days past due because they were performing in accordance with restructured terms. For comparability purposes, prior periods were adjusted to reflect this reclassification. |
 5 Fifth Third Bank | All Rights Reserved - 500 1,000 1,500 2,000 2,500 3,000 Q1 2008 Q2 2008 3Q 2008 4Q 2008 1Q 2009 Other SE National Other MW Michigan Florida - 200 400 600 800 1,000 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Other SE National Other MW Michigan Florida Non-performing assets and net charge-offs: Geographic view* Total NPAs Total NCOs * NPAs exclude loans held-for-sale. Net charge-offs exclude losses on loans sold or transferred to held-for-sale in 4Q08. During 1Q09 the Bancorp modified its nonaccrual policy to exclude TDR loans less than 90 days past due because they were performing in accordance with restructured terms. For comparability purposes, prior periods were adjusted to reflect this reclassification. |
 6 Fifth Third Bank | All Rights Reserved Commercial loans held-for-sale summary 12/31/2008 HFS balance Principal reduction Gain/loss 03/31/2009 HFS balance Closed HFS Loans sold $47.6 ($59.3) $12.6 Satisfied obligations 6.9 (7.7) 0.8 Transferred to OREO 5.0 (3.4) (0.2) Total $59.5 ($70.4) $13.2 Remaining HFS No activity $222.0 $0.0 $0.0 Customer payments 130.9 (9.7) (0.3) Other 60.3 (0.1) (2.6) Total $413.2 ($9.8) ($2.9) Total HFS Portfolio $472.7 ($80.2) $10.3 $402.8 |
 7 Fifth Third Bank | All Rights Reserved Nonperforming assets* • Total NPAs of $2.6B • Homebuilder/developer NPAs of $554M; represent 21% of total NPAs • Commercial NPAs of $2.0B; growth driven by CRE, particularly in MI and FL • Consumer NPAs of $630M; up 18 percent from previous quarter 19% 8% 15% 11% 7% 0% 14% 17% 9% 13% 17% 54% 1% 1% 7% 2% 2% 3% 20% 34% 9% 13% 5% 2% 1% 10% 6% 17% 7% 9% 3% 8% 8% 2% 25% 21% C&I^ (26%) CRE (50%) Residential (21%) Other Consumer (3%) ILLINOIS INDIANA FLORIDA TENNESSEE KENTUCKY OHIO MICHIGAN Residential $558M 21% C&I* $702M 26% Other $73M 3% CRE $1.3B 50% ^ C&I includes commercial lease NORTH CAROLINA OTHER / NATIONAL * NPAs exclude loans held-for-sale. |
 8 Fifth Third Bank | All Rights Reserved Commercial construction* Accomodation 1% Auto Retailers 1% Finance & insurance 2% Construction 39% Manufacturing 1% Real estate 45% Retail Trade 1% Other 9% Wholesale Trade 1% Loans by geography Credit trends Loans by industry Comments • Declining valuations in residential and land developments • In 4Q08 reduced concentrations in most stressed markets (Florida and Michigan) • Continued stress expected through 2009 OH 28% IN 8% IL 8% KY 4% TN 6% NC 8% Other 4% FL 18% MI 16% * NPAs exclude loans held-for-sale. Net charge-offs exclude losses on loans sold or transferred to held-for-sale in 4Q08. ($ in millions) 1Q08 2Q08 3Q08 4Q08 1Q09 Balance $5,592 $6,007 $6,002 $5,114 $4,745 90+ days delinquent $49 $53 $84 $73 $49 as % of loans 0.87% 0.88% 1.40% 1.44% 1.02% NPAs $418 $552 $659 $400 $597 as % of loans 7.48% 9.19% 10.98% 7.82% 12.59% Net charge-offs $72 $49 $88 $151 $76 as % of loans 5.20% 3.46% 5.71% 10.00% 6.21% Commercial construction |
 9 Fifth Third Bank | All Rights Reserved Homebuilders/developers* Loans by geography Credit trends Loans by industry Comments • Making no new loans to builder/developer sector • Residential & land valuations under continued stress • 5% of commercial loans; < 3% of total gross loans • Balance by product approximately 48% Construction, 37% Mortgage, 15% C&I MI 19% OH 23% IN 5% IL 5% KY 4% TN 5% NC 16% Other 4% FL 19% C&I 15% Commercial construction 48% Commercial mortgage 37% *Increase in 2Q08 balance due to the First Charter acquisition ($ in millions) 1Q08 2Q08* 3Q08 4Q08 1Q09 Balance $2,705 $3,295 $3,065 $2,481 $2,322 90+ days delinquent $60 $123 $105 $74 $37 as % of loans 2.21% 3.73% 3.41% 2.98% 1.59% NPAs $309 $547 $702 $366 $554 as % of loans 11.42% 16.62% 22.89% 14.74% 23.87% Net charge-offs $43 $34 $163 $128 $64 as % of loans 6.14% 4.63% 19.75% 19.71% 10.73% Homebuilders/developers * NPAs exclude loans held-for-sale. Net charge-offs exclude losses on loans sold or transferred to held-for-sale in 4Q08. |
 10 Fifth Third Bank | All Rights Reserved Residential mortgage 1 liens: 100% ; weighted average LTV: 77% Weighted average origination FICO: 730 Origination FICO distribution: <659 10%; 660-689 8%; 690-719 12%; 720-749 13%; 750+ 30%; Other ^ 27% (note: loans <659 includes CRA loans and FHA/VA loans) Origination LTV distribution: <70 25%; 70.1-80 42%; 80.1-90 12%; 90.1-95 5%; >95% 16% Vintage distribution: 2009 1%; 2008 14%; 2007 18%; 2006 16%; 2005 26%; 2004 and prior 25% % through broker: 13%; performance similar to direct Loans by geography Credit trends Portfolio details Comments 29% FL concentration driving 67% total loss FL lots ($362M) running at 20% annualized loss rate (YTD) Mortgage company originations targeting 95% salability OH 23% IN 5% KY 4% NC 6% Other 10% FL 29% TN 2% MI 14% IL 7% ^ Includes acquired loans where FICO at origination is not available During 1Q09 the Bancorp modified its nonaccrual policy to exclude TDR loans less than 90 days past due because they were performing in accordance with restructured terms. For comparability purposes, prior periods were adjusted to reflect this reclassification. ($ in millions) 1Q08 2Q08 3Q08 4Q08 1Q09 Balance $9,873 $9,866 $9,351 $9,385 $8,875 90+ days delinquent $192 $229 $185 $198 $231 as % of loans 1.95% 2.32% 1.98% 2.11% 2.60% NPAs $278 $285 $339 $397 $475 as % of loans 2.81% 2.89% 3.62% 4.23% 5.35% Net charge-offs $34 $63 $77 $68 $75 as % of loans 1.33% 2.57% 3.16% 2.90% 3.27% Residential mortgage st |
 11 Fifth Third Bank | All Rights Reserved Home equity 1 liens: 25%; 2 liens: 75% (25% of 2 liens behind FITB 1 s) Weighted average origination FICO: 756 Origination FICO distribution: <659 4%; 660-689 8%; 690-719 13%; 720-749 17%; 750+ 48%; Other 10% Weighted average CLTV: 76% (1 liens 61%; 2 liens 82%) Origination CLTV distribution: <70 36%; 70.1-80 21%; 80.1-90 19%; 90.1-95 8%; >95 16% Vintage distribution: 2009 1%; 2008 12%; 2007 12%; 2006 17%; 2005 16%; 2004 and prior 42% % through broker channels: 18% WA FICO: 740 brokered, 759 direct; WA CLTV: 90% brokered; 73% direct Portfolio details Comments Brokered loans by geography Direct loans by geography Credit trends Approximately 18% of portfolio concentration in broker product driving approximately 42% total loss Portfolio experiencing increased loss severity (losses on 2 liens approximately 100%) Aggressive home equity line management strategies in place Note: Brokered and direct home equity net charge-off ratios are calculated based on end of period loan balances ^ Includes acquired loans where FICO at origination is not available MI 21% OH 33% IN 9% IL 11% KY 9% Other 1% FL 9% NC 5% TN 2% MI 21% OH 24% IN 10% IL 11% KY 7% Other 20% FL 3% NC 1% TN 3% *Increase in 2Q08 balance due to the First Charter acquisition ($ in millions) 1Q08 2Q08* 3Q08 4Q08 1Q09 Balance $9,152 $9,988 $10,232 $10,439 $10,486 90+ days delinquent $43 $42 $41 $58 $61 as % of loans 0.47% 0.42% 0.40% 0.55% 0.59% Net charge-offs $18 $27 $26 $27 $42 as % of loans 0.78% 1.07% 1.00% 1.04% 1.62% Home equity - direct ($ in millions) 1Q08 2Q08 3Q08 4Q08 1Q09 Balance $2,651 $2,433 $2,368 $2,313 $2,225 90+ days delinquent $33 $34 $31 $37 $42 as % of loans 1.26% 1.40% 1.33% 1.58% 1.91% Net charge-offs $23 $28 $30 $26 $30 as % of loans 3.29% 4.64% 5.05% 4.52% 5.46% Home equity - brokered nd nd nd nd st st st |
  12 Fifth Third Bank | All Rights Reserved Florida market* Deterioration in real estate values having effect on credit trends as evidenced by increasing NPA/NCOs in real estate related products Homebuilders, developers tied to weakening real estate market Increasing severity of loss due to significant declines in valuations Valuations; relatively small home equity portfolio 23% 19% 10% 29% 12% 6% 1% COML MORTGAGE C&I RESI MORTGAGE OTHER CONS COML CONST COML LEASE HOME EQUITY AUTO CREDIT CARD Total Loans NPAs NCOs 22% 26% 42% 9% 1% 16% 20% 14% 34% 5% 9% 2% ($ in millions) Loans (bn) % of FITB NPAs (mm) % of FITB NCOs (mm) % of FITB Commercial loans 1.9 7% 64 9% 23 23% Commercial mortgage 1.7 13% 157 22% 30 39% Commercial construction 0.9 18% 188 31% 21 28% Commercial lease 0.0 1% - 0% - 0% Commercial 4.5 9% 409 20% 74 29% Mortgage 2.6 30% 295 62% 50 67% Home equity 1.0 8% 9 11% 13 18% Auto 0.5 6% 3 10% 7 14% Credit card 0.1 6% 2 4% 4 10% Other consumer 0.0 2% 0 18% 0 6% Consumer 4.2 13% 309 49% 74 32% Total 8.7 11% 718 27% 148 30% * NPAs exclude loans held-for-sale. |
  13 Fifth Third Bank | All Rights Reserved Michigan market* Deterioration in home price values coupled with weak economy impacting credit trends due to frequency of defaults and severity Homebuilders, developers tied to weak real estate market Negative impact from housing valuations, economy, unemployment Economic weakness impacts commercial real estate market 32% 23% 5% 2% 9% 19% 7% 1% 2% COML MORTGAGE C&I RESI MORTGAGE OTHER CONS COML CONST COML LEASE HOME EQUITY AUTO CREDIT CARD Total Loans NPAs NCOs 26% 21% 11% 9% 6% 7% 20% 27% 35% 16% 1% 5% 1% 12% 3% ($ in millions) Loans (bn) % of FITB NPAs (mm) % of FITB NCOs (mm) % of FITB Commercial loans 4.6 16% 114 17% 26 25% Commercial mortgage 3.3 26% 152 21% 21 27% Commercial construction 0.7 15% 69 11% 11 15% Commercial lease 0.2 7% 3 10% - 0% Commercial 8.8 18% 338 17% 58 23% Mortgage 1.2 14% 49 10% 9 12% Home equity 2.7 21% 22 27% 20 28% Auto 1.0 12% 4 14% 6 13% Credit card 0.3 17% 11 23% 8 21% Other consumer 0.1 7% 0 8% 0 9% Consumer 5.3 16% 86 14% 43 19% Total 14.1 17% 424 16% 101 21% * NPAs exclude loans held-for-sale. |
 14 Fifth Third Bank | All Rights Reserved Cautionary statement This report may contain forward-looking statements about Fifth Third Bancorp and/or the LLC 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 LLC 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 and weakening in the economy, specifically the real estate market, either national or in the states in which Fifth Third, and/or the LLC do business, are less favorable than expected; (2) deteriorating credit quality; (3) political developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes in the interest rate environment reduce interest margins; (5) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (6) Fifth Third’s ability to maintain required capital levels and adequate sources of funding and liquidity; (7) maintaining capital requirements may limit Fifth Third’s operations and potential growth; (8) changes and trends in capital markets; (9) problems encountered by larger or similar financial institutions may adversely affect the banking industry and/or Fifth Third (10) competitive pressures among depository institutions increase significantly; (11) effects of critical accounting policies and judgments; (12) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board (FASB) or other regulatory agencies; (13) legislative or regulatory changes or actions, or significant litigation, adversely affect Fifth Third, and/or the LLC or the businesses in which these entities are engaged; (14) ability to maintain favorable ratings from rating agencies; (15) fluctuation of Fifth Third’s stock price; (16) ability to attract and retain key personnel; (17) ability to receive dividends from its subsidiaries; (18) potentially dilutive effect of future acquisitions on current shareholders' ownership of Fifth Third; (19) effects of accounting or financial results of one or more acquired entities; (20) difficulties in separating the operations of the LLC; (21) lower than expected gains related to the sale of businesses; (22) loss of income from the sale of businesses that could have an adverse effect on Fifth Third’s earnings and future growth; (23) failure to consummate the joint venture transaction; (24) ability to secure confidential information through the use of computer systems and telecommunications networks; and (25) 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, 2008, 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 at www.sec.gov or on the Fifth Third’s Web site at www.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. |