 © Fifth Third Bank | All Rights Reserved UBS Global Financial Services Conference Kevin T. Kabat Chairman, President & Chief Executive Officer May 11, 2010 Please refer to earnings release dated April 22, 2010 and 10-K dated May 7, 2010 for further information, including full results reported on a U.S. GAAP basis Exhibit 99.1 |
 2 © Fifth Third Bank | All Rights Reserved 1Q10 in review Significant improvement in credit trends • Nonperforming assets declined 3% and nonperforming loans declined 7% sequentially (lowest levels since 2Q09) – Total delinquencies declined 15% sequentially (lowest level since 3Q07) • Net charge-offs declined 18% sequentially (lowest level since 1Q09) • Allowance to loan ratio of 4.91%, 139% of nonperforming loans and leases and 1.6 times annualized 1Q10 net charge-offs • Realized credit losses have been significantly below SCAP scenarios Capital position remains very strong • Tangible common equity ratio of 6.4% • Tier 1 common ratio of 7.0% • Leverage ratio of 12.0% (8.9% ex-TARP) • Tier 1 capital ratio of 13.4% (10.0% ex-TARP) Continued strong operating results • Net loss of $10 million versus 4Q09 net loss of $98 million • Pre-provision net revenue of $568 million, up $6 million from 4Q09 • Net interest margin of 3.63%, up 8 bps sequentially • Average core deposits up 6% sequentially • Extended $18 billion of new and renewed credit |
 3 © Fifth Third Bank | All Rights Reserved Peer performance summary (1) Large bank peer average consists of BBT, CMA, HBAN, KEY, MTB, MI, PNC, RF, STI, USB, WFC, and ZION, unless otherwise noted. (2) Midwest peer average consists of CMA, HBAN, KEY, MI, and USB, unless otherwise noted. ^ Operating fee growth, core pre-tax pre-provision earnings, and operating efficiency ratio exclude the following items where appropriate: securities gains/losses, gains/losses from debt extinguishments, leveraged lease gains/losses, gains from asset sales, goodwill impairment charges, and other non-recurring items where appropriate. * Average loans include only loans held-for-investment. ** NPAs exclude loans held-for-sale and covered assets. Source: SNL and company reports. Continue to outperform on key value drivers FITB 1Q10 Regional bank peers (1) 1Q10 Midwest peers (2) 1Q10 SEQ performance vs. peers Net interest margin / (bps) 3.63% (+8) 3.60% (+13) 3.37% (+18) Better Operating fee growth^ -1% -9% -5% Better Operating efficiency ratio^ 62% 64% 65% Better Average core deposits growth 6% 0% 0% Better Average loan growth* 1% -1% -2% Better NPA ratio** / (bps) 4.03% (-18) 4.33% (+11) 3.47% (-7) Better Core pre-tax pre-provision earnings^ / loans 2.9% 2.7% 2.6% Better Net charge-off ratio / (bps) 3.01% (-61) 2.48% (-46) 2.86% (-90) Worse |
 4 © Fifth Third Bank | All Rights Reserved Pre-tax pre-provision earnings Peer average: 2.7% 1Q10 core PPNR / average loans (annualized)* Core PPNR trend Fifth Third’s pre-tax, pre-provision net revenue (PPNR) to loans higher than most regional bank peers Core PPNR reconciliation Credit adjusted PPNR / Average Loans Source: SNL and company reports. Core PPNR excludes securities gains/losses, gains/losses from debt extinguishments, leveraged lease gains/losses, gains from asset sales, goodwill impairment charges, divested fees and expenses related to FTPS, and other non-recurring items where appropriate. Credit-related adjustments include mortgage repurchase expenses, provision for unfunded commitments expense, derivative valuation adjustments, OREO expenses and other workout related expenses. 1Q09 2Q09 3Q09 4Q09 1Q10 Reported PPNR (GAAP) $511 $2,393 $844 $562 $568 Adjustments: Gain on sale of Visa shares - - (244) - - BOLI charge 54 - - - - Gain from sale of processing interest - (1,764) 6 - - Divested merchant and EFT revenue (155) (169) - - - Class B Visa swap fair value adjustment - - - - 9 Securities gains/losses 24 (5) (8) (2) (14) Visa litigation reserve expense - - (73) - - Other litigation reserve expense - - - 22 4 FTPS Warrants - - - (20) 2 Seasonal pension expense - - 10 - - FDIC special assessment - 55 - - - Divested merchant and EFT expense (estimated) 49 54 - - - Core PPNR $483 $564 $535 $562 $569 Credit Related Items: OREO write-downs, FV adjs, & G/L on loan sales 3 8 45 30 1 Problem asset work-out expenses 94 57 111 73 91 Credit adjusted PPNR $580 $629 $691 $665 $661 |
 5 © Fifth Third Bank | All Rights Reserved Net interest income Core NII and NIM* • Trends in net interest income and net interest margin favorably compare with peers – NIM up 8 bps in 1Q10 vs. 4Q09 • Expect continued margin benefit through 2010 from CD maturities and improved loan spreads Reported NIM and YOY growth versus peers Peers include: BBT, CMA, HBAN, KEY, MI, MTB, PNC, RF, STI, USB, WFC, ZION Source: SNL and company reports * Core results exclude $6M charge related to leveraged lease litigation in 1Q09. Also excluded are $41M, $35M, $27M, $24M, and $19M in loan discount accretion from the First Charter acquisition in 1Q09, 2Q09, 3Q09, 4Q09, and 1Q10 respectively. Yields and rates* |
 6 Fee income and expenses – core trends* Core fee income ($M) Core expenses ($M) • Strong mortgage banking results continued in 1Q10, resulting in $3.5B of originations and $152M in net revenue • Investment advisory revenue up 5% from the previous quarter due to seasonality and growth in brokerage fees • Card and processing revenue decreased 4% sequentially and 8% from the previous year (excluding divested EPP revenue) • Corporate banking revenue down 8% sequentially driven by declines in business lending fees, foreign exchange revenue, and institutional sales • Credit related cost affected fee income by $1M in 1Q10 compared with $30M the previous quarter • Sequential increase in core expenses driven by elevated credit costs and seasonal benefits expense partially offset by disciplined discretionary expense control • Core efficiency ratio of 62.4% in 1Q10, an improvement from 62.5% in 4Q09 and 65.1% in 1Q09 • Credit-related costs affected non-interest expenses by $91M in 1Q10 compared with $73M the previous quarter • Total expense related to mortgage repurchases ~$39M in 1Q10 compared with $18M in 4Q09 and $6M in 1Q09 * Refer to slide 4 for itemized effects of non-core fees and expenses © Fifth Third Bank | All Rights Reserved |
 7 © Fifth Third Bank | All Rights Reserved Liability mix and pricing discipline drive strong net interest income/NIM results • Strong, deposit rich core funding mix supports relatively low cost of funds – Low reliance on wholesale funding • Continued pricing discipline on commercial loans, consistent with market trends toward better risk-adjusted spreads – C&I spreads over 1-month LIBOR have increased more than 150 bps in the past two years Source: SNL and company reports. Transaction deposits defined as DDA, NOW and Savings/MMDA accounts. * MI as of 12/31/09 C&I Spread to 1-month LIBOR 1Q10 Cost of Funds Peer Comparison Peer average 1.10% |
 8 © Fifth Third Bank | All Rights Reserved Balance sheet: Continued growth in core funding • Extended $18B of new and renewed credit in 1Q10 • CRE loans down 4% sequentially and 12% from the previous year – New homebuilder/developer, non-owner occupied CRE suspended 2008 • C&I loans down 1% sequentially and 12% from the previous year largely due to lower line utilization and soft demand* • Strong mortgage originations - $1.5B in residential mortgage loans held-for- sale warehouse (not carried in loans held-for investment) • Core deposit to loan ratio of 97%, up from 80% in 1Q09 • Everyday Great Rates strategy continues to drive core deposit growth – DDAs up 4% sequentially and 21% from the previous year – Commercial core deposits up 20% sequentially and 46% from the previous year – Retail core deposits up 1% sequentially and 3% from the previous year Average loan growth ($B)^ Average core deposit growth ($B) 84 82 80 78 78 67 69 70 72 76 Average wholesale funding ($B) 35 31 26 20 22 • Reduced wholesale funding by $1.9 billion sequentially and $14.7 billion from the previous year – Non-core deposits down 14% sequentially and 40% from the previous year – Short term borrowings down 52% sequentially and 84% from the previous year – Long-term debt up 10% sequentially and down 8% from the previous year • Portion of excess core funding invested in agency mortgage-backed securities (balance sheet hedges added to mitigate interest rate risk) ^ Excludes loans held-for-sale * Excludes the impact of $724M in C&I balances that were consolidated on January 1, 2010 Note: Numbers may not sum due to rounding |
 9 © Fifth Third Bank | All Rights Reserved Deposit share momentum Source: FDIC, SNL Financial; branches included are full service retail / brick and mortar; data excludes headquarters branches with over $250 million in deposits. • Continued focus on customer satisfaction and building full relationships has given strong momentum to the retail network • Fifth Third grew deposits in 15 of 16 affiliate markets in 2009 – Modest attrition in North Carolina acquisition market • Fifth Third grew deposit market share in 75% of affiliate markets in 2009 Affiliate 5/3 Deposit (08-09) 5/3 Market Share Name Deposit ($) (%) Share 2009 2008 Chicago 788,601 9.8% 4.0% 3.8% Northeastern Ohio 606,708 17.0% 4.2% 3.8% South Florida 579,342 21.1% 3.1% 2.8% Eastern Michigan 418,525 11.9% 5.4% 5.0% Central Florida 338,091 28.9% 3.0% 2.5% Tampa 334,080 24.5% 3.5% 3.1% Central Ohio 213,971 5.6% 11.1% 11.2% Cincinnati 212,656 2.2% 21.5% 21.9% Southern Indiana 195,169 8.6% 4.1% 4.0% Louisville 194,593 13.0% 8.9% 8.2% Northwestern Ohio 177,122 7.5% 16.2% 15.4% Western Michigan 149,252 2.1% 18.4% 18.4% Tennessee 142,615 12.8% 3.5% 3.3% Central Indiana 139,354 4.7% 8.4% 8.3% Central Kentucky 2,608 0.3% 8.1% 8.7% North Carolina (113,631) -4.4% 4.8% 5.3% |
 10 © Fifth Third Bank | All Rights Reserved Continuing to invest for the future |
 11 © Fifth Third Bank | All Rights Reserved Strong capital position Source: SNL and company reports. * MTB Tier 1 common ratio as of 12/31/09. Strong capital ratios relative to peers, particularly considering reserve levels (TCE + reserves) / Loans Peer average: 12.6% Peer average w/ TARP: 11.1% Peer average w/o TARP: 9.4% Tier 1 capital ratio (with and without TARP) Tangible common equity ratio Peer average: 6.5% Tier 1 common ratio Peer average: 7.4% |
  12 © Fifth Third Bank | All Rights Reserved Strong reserve position Industry leading reserve level Coverage ratios are strong relative to peers Source: SNL and company reports. NPAs/NPLs exclude held-for-sale portion for all banks and covered assets for BBT, USB, and ZION. 1. FITB 4.91% 2. KEY 4.34% 3. ZION 4.05% 4. HBAN 4.00% 5. RF 3.61% 6. MI 3.55% 7. PNC 3.38% 8. WFC 3.22% 9. USB 2.80% 10. STI 2.79% 11. BBT 2.65% 12. CMA 2.42% 13. MTB 1.75% Peer Average 3.21% Reserves / Loans |
 13 © Fifth Third Bank | All Rights Reserved Portfolio performance drivers Performance Largely Driven By No Participation In Discontinued or Suspended Lending * 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 and Michigan most stressed • Remaining Midwest and Southeast performance reflect economic trends Products • Homebuilder/developer charge-offs $81 million in 1Q10 – Total charge-off ratio 3.0% (2.4% ex-HBs) – Commercial charge-off ratio 3.1% (2.6% ex- HBs) • Brokered home equity charge-offs 6.2% in 1Q10 – Direct home equity portfolio 1.6% 1Q10 NCO Ratios Coml Cons Total FL/MI 5.5% 5.2% 5.3% Other 2.3% 2.1% 2.2% • Subprime • Option ARMs Discontinued in 2007 • Brokered home equity ($1.9B) Suspended in 2008 • Homebuilder/residential development ($1.3B) • Other non-owner occupied commercial RE excluding homebuilder/developer ($8.0B) Saleability • All mortgages originated for intended sale* Total 3.1% 2.9% 3.0% |
 14 © Fifth Third Bank | All Rights Reserved 1Q10 credit results Year-over-year NCO growth versus peers NPA ratio versus peers Year-over-year NPA growth versus peers Net charge-off ratio versus peers Source: SNL and company reports. NPAs exclude loans held-for-sale and covered assets. |
 15 © Fifth Third Bank | All Rights Reserved Nonperforming loan rollforward Commercial ($ in millions) Beginning NPL amount $1,406 $1,937 $2,110 $2,430 $2,392 New nonaccrual loans 799 544 832 602 405 Paydowns, transfers, and sales (157) (190) (246) (332) (425) Charge-offs (111) (181) (266) (308) (200) Ending Commercial NPL $1,937 $2,110 $2,430 $2,392 $2,172 Consumer Beginning NPL amount $457 $459 $477 $517 $555 New nonaccrual loans 157 125 160 152 137 Net other activity (155) (107) (120) (114) (131) Ending Consumer NPL $459 $477 $517 $555 $561 Total Total NPL $2,396 $2,587 $2,947 $2,947 $2,733 Total new nonaccrual loans $956 $669 $992 $754 $542 |
 16 © Fifth Third Bank | All Rights Reserved Manageable commercial real estate exposure CRE / TCE CRE / Assets Peer average: 290% Source: SNL and company reports. CRE / (TCE + Reserves) CRE / Loans Peer average: 26% Peer average: 216% Peer average: 18% CRE exposure lower than peer average; problems relatively more manageable given capital and reserves |
 17 © Fifth Third Bank | All Rights Reserved 2010 developments Fifth Third response Macro themes • Sluggish loan demand • Deposits to grow but expect some diminution as later liquidity drawn down by deposits to support expansion in spending • Additional consumer regulation • Higher interest rates late 2010 / early 2011 • TARP repayment • Leverage existing customer relationships at the local level to offer our full portfolio of products and services across all of our lines of business • Invest in sales force expansion initiatives to increase resources and branch hours while maintaining focus on a near-term return to profitability • Reorient fee structure of products and services to offer a clearer and higher value proposition to our clients and create more sustainable, consistent growth • Maintain excess liquidity, neutral to modest asset sensitive positioning • Remain committed to repayment in a manner that is in the best interest of all constituents, including shareholders |
 18 © Fifth Third Bank | All Rights Reserved Summary Fifth Third continues to execute on its strategic initiatives and is focused on being well-positioned for the turn of the cycle. • Dedicated to serving the needs of families and businesses for more than 150 years • Businesses creating new and profitable opportunities to enhance value • Trends in NII and NIM favorably compare with peers • Ongoing expense control • Continued shift back toward core funding Core franchise remains strong • Strong reserve coverage of problem loans • Aggressive management has mitigated areas of highest risk • Significantly enhanced SAG and workout resources, while continuing prudent lending practices • Significantly improved credit trends in 1Q10 Aggressive management of credit issues • Successfully completed June 2008 capital plan and SCAP capital actions • Actions exceeded SCAP Tier 1 common equity commitment by 80% • Current capital levels able to withstand significant additional economic deterioration as demonstrated by the SCAP assessment Robust capital levels |
 19 © Fifth Third Bank | All Rights Reserved Cautionary statement This report may contain statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is anticipated,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,” “trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K and our most recent quarterly report on Form 10-Q. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements we may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us. 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 nationally 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) 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, 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; (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 Fifth Third Processing Solutions from Fifth Third; (21) loss of income from any sale or potential sale of businesses that could have an adverse effect on Fifth Third’s earnings and future growth;(22) ability to secure confidential information through the use of computer systems and telecommunications networks; and (23) the impact of reputational risk created by these developments on such matters as business generation and retention, funding and liquidity. You should refer to our periodic and current reports filed with the Securities and Exchange Commission, or “SEC,” for further information on other factors, which could cause actual results to be significantly different from those expressed or implied by these forward-looking statements. |
 20 © Fifth Third Bank | All Rights Reserved Updated stress testing - process overview Similar process to that used in 2008 and SCAP processes; updated for actual performance and current economic expectations Moody’s “Base” and “Longer Recession and Weaker Recovery” case scenarios key economic assumptions Commercial — 33 geographic/industry sectors analyzed and regressed against economic and performance drivers — Migration trends from criticized to nonaccrual and charge-off evaluated by region and industry Consumer — Portfolios subdivided into appropriate categories (i.e. liquidating vs. non- liquidating home equity) — Results derived using combination of regression models, loss curves and roll rates, and applied economic factors – Mortgage and home equity key correlation: HPI – Credit card key correlation: unemployment – Other consumer key correlations: unemployment and GDP Base Adverse Economic Assumptions* 2010 2010 Peak Unemployment 10.3% 11.4% GDP 2.4% 0.3% Avg. change in quarterly HPI (1.8%) (2.7%) * Moody’s Economy.com; as of March 2010 |
 21 © Fifth Third Bank | All Rights Reserved Updated credit loss expectations vs. SCAP scenarios $4.1B $5.0B $2.8B Moody’s Weaker Recovery / Mild Second Recession Case** Assumptions (Mar. 2010) Moody’s Base Case** Assumptions (Mar. 2010) Realized credit losses have been significantly below SCAP submissions; expected to continue SCAP Baseline Scenario (Submitted; Mar 2009) SCAP Adverse Scenario (Supervisory; Mar 2009) * Red SCAP line represents more adverse scenario as adjusted by supervisors for additional assumed two-year losses. Supervisory estimates of total two-year losses under more adverse scenario were not allocated by period. Estimate allocates total two-year supervisory losses using the allocation under Fifth Third’s submission. ** Source for macroeconomic assumptions: Moody’s Economy.com. Assumptions as of March 2010. Actual $2.6B Actual $2.7B Fifth Third capitalized for this level of credit losses under SCAP (plus surplus raised vs. buffer) Fifth Third’s realized credit losses have been significantly below its SCAP submitted baseline and more adverse scenarios – In SCAP submissions, we incorporated significant conservatism, given then- prevailing negative economic and industry trends and extreme uncertainty in potential loss outcomes at the time – Economic and credit market conditions have been much better than potential downside expectations in Spring 2009, benefiting results vs. SCAP scenarios Base and stress scenarios reflect Moody’s Base Case and Moody’s Weaker Recover / Mild Second Recession Case (as of March 2010)** Our current expectation is for 2010 losses to be lower than 2009 $2.9B $1,500 $1,750 $2,000 $2,250 $2,500 $2,750 $3,000 $3,250 $3,500 $3,750 $4,000 $4,250 $4,500 $4,750 $5,000 $5,250 $5,500 2008 2009 2010 |
 22 © Fifth Third Bank | All Rights Reserved Troubled debt restructurings (TDR) overview Successive improvement in vintage performance during 2008 and 2009, even as volume of modification increased Fifth Third’s mortgage portfolio TDRs have redefaulted at a lower rate than other bank held portfolio modifications — Fifth Third’s TDRs are about a third less likely to redefault than modifications on GSE mortgages Of $1.8B in consumer TDRs, over $1.3B (76%) are current — $940M of those have been current more than 6 months, approximately half of which have been current more than a year As current TDRs season, their default propensity declines significantly — We do not typically see significant defaults on current loans once a vintage approaches 12 months since modification Delinquent TDRs total $415M (24%) Of $1.8B in consumer TDRs, $1.5B are on accrual status and $271M are nonaccruals TDR performance has improved in newer vintages Outperforming redefault benchmarks Source: Fifth Third and OCC/OTS data; data through 3Q09; industry data cumulative through 3Q09 Mortgage TDR 60+ redefault trend by vintage 1Q08 $69M 2Q08 $135M 3Q08 $146M 4Q08 $176M 1Q09 $221M 2Q09 $257M Mortgage TDR 60+ redefault rate: Fifth Third comparison (through Sept. 2009) Fannie Mae Industry portfolio loans Fifth Third Volume by vintage Freddie Mac 3Q09 $386M Current consumer TDRs ($ MMs) |
 23 © Fifth Third Bank | All Rights Reserved Strong liquidity profile Retail Brokered CD maturities: $813M in 2010; $31M in 2011 – Institutional Brokered CD maturities: $50M in 2010 3/31 unused avail. capacity $27B ($18.5B in Fed and $8.7B in FHLB) FHLB borrowings $2.6B; Q1 avg. core deposits $76B; equity $14B All market borrowings by Fifth Third Bank Holding Company cash at 3/31/10: $1.35B Expected cash obligations over the next 12 months (assuming no TARP repayment) — $0 debt maturities — ~$39M common dividends — ~$205M preferred dividends – ~$35M Series G dividend – ~$170M TARP dividend — ~$237M interest and other expenses Cash currently sufficient to satisfy all fixed obligations over the next 24 months (debt maturities, common and preferred dividends, interest and other expenses) without accessing capital markets or relying on dividends from subsidiaries Bank unsecured debt maturities ($M – excl. Brokered CDs) Heavily core funded Holding company unsecured debt maturities ($M) |