Fifth Third Bancorp (FITB) 10-Q 2009 Q3 Quarterly report

Exhibit 12.1

Fifth Third Bancorp

Computations of Consolidated Ratios Of Earnings To Fixed Charges

($ In Millions)

	Three Months Ended			Nine Months Ended
Excluding Interest on Deposits:	9/30/2009			9/30/2009
Fixed Charges:
Interest Expense (excluding interest on deposits)	$	72		$	290
One-Third of Rents, Net of Income from Subleases		7			22
Total Fixed Charges		79			312
Earnings:
Income (Loss) Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change	$	(108	)	$	981
Fixed Charges		79			312
Total Earnings		(29	)		1,293
Ratio of Earnings to Fixed Charges, Excluding
Interest On Deposits		N/A	(a)		4.14x
Coverage Deficiency	$	(108	)
Including Interest on Deposits:
Fixed Charges:
Interest Expense	$	300		$	1,049
One-Third of Rents, Net of Income from Subleases		7			22
Total Fixed Charges	$	307		$	1,071
Earnings:
Income (Loss) Before Income Taxes, Minority Interest & Cumulative Effect of Accounting Change	$	(108	)	$	981
Fixed Charges		307			1,071
Total Earnings	$	199		$	2,052
Ratio of Earnings to Fixed Charges, Including
Interest On Deposits		N/A	(a)		1.92x
Coverage Deficiency	$	(108	)

(a) Earnings are inadequate to cover fixed charges by $108 million.