Fifth Third Bancorp 8K/A 1Q11 Earnings Conference Call | FITB 25 Apr 11

1Q11 Earnings Conference Call

April 21, 2011

Please refer to earnings release dated April 21, 2011 for further information.

Exhibit 99.1

Cautionary statement

This report contains 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. 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, including the

recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act; (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.

1Q11 in review

Credit continuing to improve

•

Net charge-offs

$367mm

(1.92%

loans

and

leases)

vs.

4Q10

NCOs of $356mm (1.86% of loans and leases)

•

Total

NPAs

$2.3B

including

held-for-sale

declined

$126mm

sequentially

lowest

level

since

2Q08

–

Total delinquencies down 12% sequentially (lowest level since

2006)

•

Provision expense of $168mm, reduction in allowance of $199mm

•

Loan

loss

allowance

3.62%;

coverage

132%

NPAs

and

170%

NPLs

and

1.9x

annualized

first

quarter

net

charge-offs

Actions driving progress

•

Focusing on credit quality, portfolio management, and loss mitigation

strategies

•

Executing on customer experience and employee engagement

initiatives

•

Enhancing breadth and profitability of offerings and relationships

•

Exit from all crisis-era government programs

Continued strong operating results

•

Net income available to common shareholders of $88mm, or $0.10 per

diluted share

–

Net income reduced by $153mm of discount accretion recorded

in preferred dividends accelerated by February repurchase of

$3.4B in TARP CPP Preferred Stock; $0.17 per share impact

•

Average loan and lease balances excluding held-for-sale up 2%

sequentially; period end loans and leases flat sequentially

•

Return on average assets of 1.0%

•

Strong capital ratios: Tier 1 common 9.0%, Tier 1 capital ratio 12.2%,

Total capital ratio 16.3%*

* Current period regulatory capital data ratios are estimated

Financial summary

•

1Q11 earnings of $0.10 per diluted share reduced by $153mm ($0.17 per share) of discount accretion

recorded in preferred dividends accelerated by February repurchase of $3.4B in TARP CPP Preferred Stock

•

Return on average assets of 1.0%

•

Decline

net

interest

income

and

net

interest

margin

driven

two

fewer

days

quarter;

debt

issuance

for

TARP repayment; lower mortgage warehouse HFS balances; and 4Q10 FTPS, LLC loan refinancing

–

Average core deposits up 1% sequentially, reflecting higher DDA balances and decline in consumer

CDs

–

Average

loans

sequentially,

reflecting

strength

C&I

and

auto

loans

Actual

Seq.

YOY

($ in millions)

1Q10

4Q10

1Q11

Average Balances

Commercial loans

$45,169

$42,808

$43,410

$602

($1,759)

(4%)

Consumer loans

33,212

33,428

34,226

798

1,014

Total loans & leases (excl. held-for-sale)

$78,381

$76,236

$77,636

$1,400

($745)

(1%)

Core deposits

$76,262

$76,454

$77,524

$1,070

$1,262

Income Statement Data

Net interest income (taxable equivalent)

$901

$919

$884

($35)

(4%)

($17)

(2%)

Provision for loan and lease losses

590

166

168

(422)

(72%)

Noninterest income

627

656

584

(71)

(11%)

(43)

(7%)

Noninterest expense

956

987

918

(69)

(7%)

(38)

(4%)

Net Income (loss)

($10)

$334

$265

($69)

(20%)

$275

Diluted earnings after preferred dividends

($72)

$270

$88

($182)

(67%)

$161

Pre-provision net revenue

$568

$583

$545

($38)

(7%)

($23)

(4%)

Earnings per share, basic

($0.09)

$0.34

$0.10

($0.24)

(71%)

$0.19

Earnings per share, diluted

($0.09)

$0.33

$0.10

($0.23)

(70%)

$0.19

Net interest margin

3.63%

3.75%

3.71%

(4bps)

(1%)

8bps

Return on average assets

(0.04%)

1.18%

0.97%

(21bps)

(18%)

101bps

Net interest income

NII and NIM (FTE)

•

Sequential net interest income and net interest

margin (FTE) performance driven by lower

daycount, debt issuance for TARP repayment,

lower mortgage warehouse HFS balances, 4Q10

FTPS, LLC loan refinancing, and lower yields,

partially offset by deposit mix shift and pricing as

well as higher average total loan balances

–

NII down $35mm, or 4%, sequentially and

down $17mm, or 2%, year-over-year

–

NIM down 4 bps sequentially and up 8 bps

year-over-year

•

4Q10 FTPS, LLC loan refinancing represented

nearly half of decline in C&I loan yields

* Represents purchase accounting adjustments included in net interest income.

($mm)

Yield Analysis

Interest-earning assets

1Q10

4Q10

1Q11

Seq.

(bps)

YoY

(bps)

Commercial and industrial loans

4.61%

4.64%

4.45%

(19)

(16)

Commercial mortgage loans

4.20%

4.17%

4.11%

(6)

(9)

Commercial construction loans

2.92%

2.90%

3.15%

Commercial leases

4.54%

4.21%

4.17%

(4)

(37)

Residential mortgage loans

5.18%

4.64%

4.67%

(51)

Home equity

4.02%

3.98%

3.96%

(2)

(6)

Automobile loans

6.24%

5.41%

5.10%

(31)

(114)

Credit card

10.76%

10.55%

10.43%

(12)

(33)

Other consumer loans and leases

11.87%

18.68%

18.54%

(14)

667

Total loans and leases

4.87%

4.78%

4.67%

(11)

(20)

Taxable securities

4.28%

3.88%

3.96%

(32)

Tax exempt securities

3.65%

4.27%

4.77%

112

Other short-term investments

0.18%

0.25%

Total interest-earning assets

4.62%

4.52%

4.47%

(5)

(15)

•

Yield on interest-earning assets declined 5 bps

sequentially and 15 bps year-over-year

Net Interest Income Reconciliation

($ in millions)

4Q10 NII (FTE)

$919

Daycount

(12)

FTPS loan restructuring

(8)

Lower mortgage warehouse

(8)

$1B debt issuance

(7)

1Q11 NII (FTE)

$884

Balance sheet

•

C&I loans up 4% sequentially and 4% from the previous year

•

CRE loans down 3% sequentially and 17% from the previous year

•

Consumer loans up 2% sequentially and 3% from the previous year

•

Warehoused residential mortgage loans held-for-sale were $1.5B at quarter

end versus $2.3B at year-end

+2% QoQ; (1%) YoY

+1% QoQ; +2% YoY

•

Core deposit to loan ratio of 100%, up from 97% in 1Q10

•

DDAs up 2% sequentially and 15% year-over-year

•

Retail average transaction deposits up 3% sequentially and 14% from the

previous year, driven by growth in demand deposit, savings, and interest

checking account balances

•

Commercial average transaction deposits up 3% sequentially, driven by growth

in demand deposit and interest checking account balances

–

Excluding public funds balances, commercial average transaction deposits

increased 1% sequentially and 17% over prior year

Average loan growth ($B)^

Average core deposit growth ($B)

Average wholesale funding ($B)

•

Reduced

wholesale

funding

$3.8

billion

from

the

first

quarter

2010

–

Non-core deposits down 13% sequentially and 40% from the previous year

–

Short term borrowings down 8% sequentially and up 16% from the

previous year

–

Long-term debt flat sequentially and down 11% from the previous year

^ Excludes loans held-for-sale

Note: Numbers may not sum due to rounding

Noninterest income

•

Noninterest income of $584 million down $72 million, or 11%, from prior quarter; driven by lower mortgage banking

revenue and seasonally lower deposit service charges

–

Strong investment advisory results

–

Mortgage banking net revenue largely driven by increase in mortgage rates

•

Significant improvement

OREO

write-downs,

negative

fair

value

adjustments,

and

gains/losses

loan

sales

recorded in other noninterest income:

Noninterest income

Note: Numbers may not sum due to rounding

Actual

($ in millions)

1Q10

4Q10

1Q11

Gain / (loss) on sale of loans

Commercial loans HFS FV adjustment

(9)

(35)

(16)

Gain / (loss) on sale of OREO properties

(16)

(19)

(2)

Mortgage repurchase costs

(1)

(2)

Total credit-related revenue

($1)

($34)

($3)

Actual

Seq.

YOY

1Q10

4Q10

1Q11

($ in millions)

Service charges on deposits

$142

$140

$124

($15)

(11%)

($18)

(12%)

Corporate banking revenue

103

(18)

(17%)

Mortgage banking revenue

152

149

102

(47)

(31%)

(50)

(33%)

Investment advisory services

Card and processing revenue

(1)

(1%)

10%

Other noninterest income

48%

Securities gain (losses), net

(13)

(62%)

(5)

(43%)

Securities gains, net -

(8)

(60%)

non-qualifying hedges on MSRs

Noninterest income

$627

$656

$584

($72)

(11%)

($43)

(7%)

Noninterest expense

•

Noninterest expense of $918 million decreased $69 million, or 7%, compared with 4Q10, driven by a decrease in

revenue-based compensation and lower credit-related expenses

•

Credit related expenses declined:

Note: Numbers may not sum due to rounding

Actual

Seq.

YOY

1Q10

4Q10

1Q11

($ in millions)

Salaries, wages and incentives

$329

$385

$351

($33)

(9%)

$22

Employee benefits

33%

13%

Net occupancy expense

Technology and communications

(7)

(13%)

Equipment expense

(3)

(8%)

(1)

(2%)

Card and processing expense

10%

17%

Other noninterest expense

365

343

290

(53)

(15%)

(74)

(21%)

Noninterest expense

$956

$987

$918

($69)

(7%)

($37)

(4%)

Actual

($ in millions)

1Q10

4Q10

1Q11

Mortgage repurchase expense

$39

$20

Provision for unfunded commitments

(4)

(16)

Derivative valuation adjustments

(1)

(0)

OREO expense

Other work-out related expenses

Total credit-related operating expenses

$91

$53

$31

Pre-tax pre-provision earnings

Core PPNR trend

Pre-provision net revenue (PPNR): net interest income plus noninterest income minus noninterest expense

Core PPNR reconciliation

1Q10

2Q10

3Q10

4Q10

1Q11

Reported PPNR

$568

$567

$760

$583

$545

Adjustments remove benefit/detriment:

BOLI

(127)

Gain on sale of Visa shares

Securities gains/losses

(14)

(8)

(4)

(21)

(8)

Other litigation reserve expense

FTPS warrants + puts

(10)

(3)

Extinguishment of FHLB funding

Adjusted PPNR

$569

$552

$634

$581

$548

Credit Related Items:

OREO write-downs, FV adjs, & G/L on loan sales

Problem asset work-out expenses

Credit adjusted PPNR

$661

$622

$743

$668

$582

•

Reported PPNR of $545 million down 7% from 4Q10 levels and down 4% over prior year

reflecting

lower

net

interest

income

and

noninterest

income,

partially

offset

improved

noninterest

expense

•

Adjusted PPNR of $548 million, including adjustments totaling $3

million, resulting in adjusted

sequential decrease of 6% and year-over-year decrease of 4%

581

Strong capital position

^ Tangible common equity ratio excludes unrealized securities gains/losses after-tax.

Current period regulatory capital data ratios are estimated.

Tangible common equity ratio^

Tier I common equity

Tier I capital ratio

Total risk-based capital ratio

Capital ratios strong and reflect TARP CPP redemption

Net charge-offs

Net charge-offs by loan type

Net charge-offs by geography

$582

$434

Net charge-offs ($mm)

$956

$356

NCOs

due to

3Q10

credit

actions

$mm

Commercial

$164

45%

Consumer

$203

55%

Total

$367

100%

$367

Actual

Seq.

YOY

($ in millions)

1Q10

4Q10

1Q11

C&I

$161

$85

$83

($2)

(2%)

($78)

(48%)

Commercial mortgage

(26)

(33%)

(45)

(45%)

Commercial construction

136%

(52)

(67%)

Commercial lease

(3)

133%

(3)

(75%)

Commercial

$342

$173

$164

($9)

(5%)

($178)

(52%)

Residential mortgage loans

(23)

(26%)

Home equity

(2)

(3%)

(10)

(14%)

Automobile

(11)

(35%)

Credit card

(2)

(6%)

(13)

(30%)

Other consumer

500%

Consumer

$240

$183

$203

$20

11%

($37)

(15%)

Total net charge-offs

$582

$356

$367

$11

($215)

(37%)

Year-over-year charge-offs down significantly due to improving credit trends and effect of 3Q10 credit actions

$mm

Florida

$82

22%

Michigan

20%

Subtotal

$156

42%

Other

211

58%

Total

$367

100%

Nonperforming assets

•

NPAs

of $2.1B excluding held-for-sale

•

Commercial

NPAs

$1.6B,

down

34%

from

the previous year

–

Homebuilder/developer

NPAs

$249mm; represent 12% of total NPAs

•

Consumer

NPAs

$538mm,

down

25%

from

the previous year

•

NPAs

in held-for-sale of $216mm

C&I / Lease

$643mm, 30%

CRE

$945mm, 44%

Residential

$409mm, 19%

Other Consumer

$129mm, 6%

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

NORTH

CAROLINA

OTHER /

NATIONAL

NPAs

exclude loans held-for-sale.

* Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from commercial and industrial loans to other consumer loans and leases

which occurred after the Bancorp's Form 8-K was filed on January 19, 2011.

Nonperforming assets ($mm)

$3,129

$2,969

Nonperforming assets continue to improve

$2,082

$2,174

$2,126

NPL Rollforward

Significant improvement in NPL inflows over past two years

Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from commercial and industrial loans to other consumer loans and leases

which occurred after the Bancorp's Form 8-K was filed on January 19, 2011.

NPL HFI Rollforward

Commercial

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

Beginning NPL Amount

1,406

1,937

2,110

2,430

2,392

2,172

1,980

1,261

1,214

New nonaccrual loans

799

544

832

602

405

310

290

224

299

Paydowns, payoffs, sales and net other activity

(157)

(190)

(246)

(332)

(425)

(402)

(630)

(168)

(199)

Charge-offs

(111)

(181)

(266)

(308)

(200)

(100)

(379)

(103)

Ending Commercial NPL

1,937

2,110

2,430

2,392

2,172

1,980

1,261

1,214

1,211

Consumer

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

Beginning NPL Amount

457

459

477

517

555

561

550

323

466

New nonaccrual loans

157

125

160

152

137

205

157

243

113

Net other activity

(155)

(107)

(120)

(114)

(131)

(216)

(384)

(100)

(145)

Ending Consumer NPL

459

477

517

555

561

550

323

466

434

Total NPL

2,396

2,587

2,947

2,733

2,530

1,584

1,680

1,645

Total

new

nonaccrual

loans

HFI

956

669

992

754

542

515

447

467

412

Non-performing loans

Non-performing loans ($mm)

$2.7B

$2.5B

Non-performing loans improving with lower

severity mix; benefit of sales/transfers

$1.6B

Fifth Third’s non-performing loan inflows (relative to loans) were higher

than peers throughout 2008. More recently, FITB inflows have been

proportionally lower than peers

FITB NPL inflows (relative to loans) vs. peers

FITB

Source: SNL Financial and company filings. Peers include: BAC, BBT, C, CMA, HBAN, JPM, KEY, MI, MTB, PNC, RF, STI, USB, and WFC

New HFI non-performing loan flows ($mm)

NPL inflows down significantly

$1.7B

* 3Q10 inflows into NPLs HFS were $217mm, reflecting performing loans moved to held-for-sale in 3Q10 that were deemed impaired as a result of the decision to sell these loans

^ Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from commercial and industrial loans to other consumer loans and leases which occurred after the

Bancorp's Form 8-K was filed on January 19, 2011.

FITB

ex-HFS

$1.6B

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 less likely to redefault than

modifications on GSE mortgages

Of $1.8B in consumer TDRs, $1.6B were on accrual status

and $209mm were nonaccruals

—

$1.1B of TDRs are current and have been on the

books 6 or more months; within that, nearly $890mm

of TDRs are current and have been on the books for

more than a year

As current TDRs season, their default propensity declines

significantly

—

We see much lower defaults on current loans after a

vintage approaches 12 months since modification

TDR performance has improved in newer vintages

Outperforming redefault benchmarks

Source: Fifth Third and OCC/OTS data through 4Q10

Mortgage TDR 60+ redefault trend by vintage*

1Q08 5%

2Q08 10%

3Q08 9%

4Q08 10%

1Q09 10%

2Q09 11%

Months since modification

Mortgage TDR 60+ redefault rate: Fifth Third comparison

(January 1, 2008 through December 2010)*

Fannie Mae

Industry

portfolio loans

Fifth Third

Volume by

vintage

Freddie Mac

3Q09 11%

Current consumer TDRs (%)

4Q09 9%

$1.1

billion

2008

2009

1Q10 9%

2Q10 6%

* Fifth Third data includes changes made to align with OCC/OTS methodology (i.e. excludes government loans, closed loans and OREO from calculations)

3Q10 6%

Strong relative credit trends

NPA ratio vs. peers

Net charge-off ratio vs. peers

Loans 90+ days delinquent % vs. peers

Loans 30-89 days delinquent % vs. peers

(7.5%)*

(HFS transfer)

3.8%

Before credit

actions

5.0%

2Q11

expect

down

2.3%*

Before credit

actions

FITB credit metrics are now generally better than peers

Source: SNL Financial and company filings. NPA and NCO ratios exclude loans held-for-sale and covered assets for peers where appropriate.

4Q08 NCOs included $800mm in NCOs related to commercial loans moved to held-for-sale; 3Q10 NCOs included $510mm in NCOs related to loans sold or moved to held-for-sale

Strong reserve position

Source: SNL and company reports. NPAs/NPLs exclude held-for-sale portion for all banks as well as covered assets for BBT, USB, and ZION.

1Q11 coverage ratios strong

relative to peers (4Q10)

Industry leading reserve levels

Fifth Third

(1Q11)

Peer Average

(4Q10)

Well-positioned for the future

•

Holding company cash currently sufficient for approximately 2 years of obligations; no holding company or Bank debt

maturities until 2013

•

Fifth Third has completely exited all crisis-era government support programs

–

Fifth Third is one of the few large banks that have no TLGP-guaranteed debt

Superior capital and liquidity position

•

NCOs below 2%; 1.9x reserves / annualized NCOs

•

$1.2B problem assets addressed through loan sales and transfer to HFS in 3Q10

•

Substantial reduction in exposure to CRE since 1Q09; relatively low CRE exposure versus peers

Proactive approach to risk management

•

Traditional commercial banking franchise built on customer-oriented localized operating model

•

Strong market share in key markets with focus on further improving density

•

Fee income ~40% of total revenues

Diversified traditional banking platform

•

PPNR has remained strong throughout the credit cycle

•

PPNR substantially exceeds annual net charge-offs (149% PPNR / NCOs in 1Q11)

•

1.0% ROAA in 1Q11

Strong industry leader in earnings power

Appendix

Balance Sheet:

Average loans & leases

Average core deposits

Income Statement:

Net interest income*

Net interest margin*

Noninterest income

Noninterest expense

Pre-provision net revenue

ROA

Asset Quality:

Net charge-offs

Loan loss allowance

Nonperforming assets^

Capital Ratios

Tier I common equity

Tier I leverage

Tier I capital

Total risk-based capital

Category

Fifth Third: Outlook

2Q11 Outlook

$77.6 billion

$77.5 billion

Up vs. 1Q11 (day count +$6mm)

Relatively stable vs. 1Q11

Consistent with 1Q11

Increase modestly vs. 1Q11

Similar to 1Q11

~1%

1Q11 Actual

Outlook as of April

20,

2011

Up modestly vs. 1Q11

Relatively stable vs. 1Q11

Lower ($330-350mm range)

Lower vs. 1Q11

Building

$884 million

3.71%

$584 million

$918 million

$545 million

1.0%

9.0%

11.2%

12.2%

16.3%

$367 million (1.92%^^)

$2.8 billion (3.62%)

$2.1 billion (2.73%)

2H11 Outlook

Up 2H11 vs. 2Q11

Growth vs. 2Q11**

Stronger vs. 2Q11

<1.5%^^ in 2H11

Building

Please see cautionary statement for risk factors related to forward-looking statements.

* Presented on a fully-taxable equivalent basis.

** Includes assumption that debit service charge legislation (“Durbin Amendment”) caps debit service charges at $0.12 per transaction

beginning July 21, 2011 (see page 21 for more information.) Also includes assumption of modest offsetting benefit of initial steps to mitigate

effect of debit service charge cap, primarily reductions of operational costs and modifications to debit rewards programs.

^ Ratio as a percent of loans excluding held-for-sale; allowance expectation assumes current expectation for credit and economic trends and is

subject to review at quarter-end.

^^ Annualized net charge-offs as a percentage of average loans and leases

# Current period regulatory capital data ratios are estimated

Potential impact of key elements of Dodd-Frank Act

and other recent financial legislation*

Scope of activity

Potential impact**

Volcker Rule /

Derivatives

•

Vast majority of derivatives activities are exempted

(FITB generally not a market maker)

•

Any proprietary trading de minimis

•

“P/E”

fund investments ~$100mm (<1% of Tier 1

capital)

•

Expect minimal financial impact from loss of existing

revenue

•

Potentially higher compliance costs despite small levels

of non-exempt activities

Debit

Interchange

(Durbin

Amendment)

•

1Q11 debit interchange revenue of $54mm

•

1Q11 debit interchange $ volume: $4.1B

–

Signature $3.3B, PIN $.8B

•

1Q11 debit interchange transaction volume:

109mm

–

Signature 89mm, PIN 20mm

•

Fed has proposed limits on debt interchange; proposal

currently out for comment

•

Proposals would apply caps of $0.12 or $0.07 per transaction

(e.g.,

volume

which

1Q11

was

109

million

transactions)

•

If proposal implemented as written, we would expect

substantial mitigation of any reduction in revenue through

actions by FITB and competitors to recapture costs of providing

this service to customers and merchants

Deposit

Insurance

•

Current assessed base (Deposits): ~$78B

•

Proposed assessed base (Assets-TE): ~$96B

•

FITB rate under new industry assessment, based

upon large bank scorecard, less than rate under old

assessment

•

Lower due to reduced share of assessed base

Reg. E

•

Requires

customers

“opt-in”

allow

non-recurring

electronic overdrafts (e.g. debit, ATM) from accounts

•

Impact

fully

absorbed

run-rate

Potential impact of these and other elements of financial regulatory reform, such as CFPA activities and many other

aspects, are unknown at this time

TRUPs exclusion

(Collins

Amendment)

•

~280 bps of non-common Tier 1 capital in capital

structure

•

>300 bps of non-common Tier 1 currently

–

Expected to be more than needed post-Basel III

•

3-year transition period begins 2013

•

Will manage capital structure to desired composition

* Based on current understanding of legislation. ** Potential impact, as noted above, is not intended to be inclusive of all potential impacts that may result from implementation

of legislation and does not include benefit of mitigation activities. Please refer also to cautionary statement.

Strong liquidity profile

Retail Brokered CD maturities: $218mm in 2011

FHLB borrowings $1.6B

3/31 unused avail. capacity $28B ($21B in Fed and $7B in FHLB)

Holding Company cash at 3/31/11: $1.3B

Expected cash obligations over the next 12 months

—

$0 debt maturities

—

~$221mm common dividends (at $0.06 per share)

—

~$35mm Series G preferred dividends

—

~$392mm interest and other expenses

Cash currently sufficient to satisfy all fixed obligations * over

the next 21 months (debt maturities, common and preferred

dividends, interest and other expenses) without accessing

capital markets; relying on dividends from subsidiaries;

proceeds from asset sales

Bank

unsecured

debt

maturities

($mm

–

excl.

Brokered

CDs)

Heavily core funded

Holding company unsecured debt maturities ($mm)

* Debt maturities, common and preferred dividends, interest and other expenses

S-T

wholesale

2017 on

Mortgage repurchase overview

Demand requests and repurchase losses remain volatile

and near-term repurchase losses are expected to remain

elevated

Virtually all sold loans and new claims relate to GSEs

GNMA

—

98% of outstanding balance of loans sold

—

92% of outstanding claims

Losses remain focused in 2006 thru 2008 vintages.

Majority of outstanding balances of the serviced for others

portfolio relates to origination activity in 2009 and later

Claims and exposure related to whole loan sales (no

outstanding first mortgage securitizations)

Repurchase Reserves* ($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Beginning balance

$58

$84

$85

$103

$101

Net reserve additions

Repurchase losses

(13)

(18)

(29)

(23)

Ending balance

$84

$85

$103

$101

$88

Outstanding Counterparty Claims ($ in millions)

Outstanding Balance of Sold Loans ($ in millions)

2005 and prior

GSE

GNMA

Private

Total

$8,876

$325

$648

$9,850

2006

2,036

309

2,414

2007

3,331

101

272

3,705

2008

3,460

802

4,262

2009 and later

27,432

7,782

32,214

Total

$45,135

$9,079

$1,233

$55,447

Includes

reps

and

warranty

reserve

($73mm)

and

reserve

for

loans

sold

with

recourse

($14mm).

Non-performing assets and net charge-offs:

Product view*

Total NPAs

Total NCOs

*NPAs exclude loans held-for-sale.

3Q10 NCOs exclude $510mm loans sold of moved to held-for-sale in 3Q10

Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from commercial and industrial loans to other consumer loans and leases

which occurred after the Bancorp's Form 8-K was filed on January 19, 2011.

Total NPAs

Total NCOs

Non-performing assets and net charge-offs:

Geographic view*

*NPAs exclude loans held-for-sale.

3Q10 NCOs exclude $510mm loans sold of moved to held-for-sale in 3Q10

Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from commercial and industrial loans to other consumer loans and leases

which occurred after the Bancorp's Form 8-K was filed on January 19, 2011.

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$26,131

$26,008

$26,302

$27,191

$27,344

90+ days delinquent

$63

$49

$28

$16

as % of loans

0.24%

0.19%

0.11%

0.06%

0.03%

NPAs

$788

$792

$594

$612

$620

as % of loans

3.02%

3.05%

2.26%

2.25%

2.27%

Net charge-offs

$161

$104

$237

$85

$83

as % of loans

2.49%

1.58%

3.57%

1.27%

1.22%

C&I

Commercial & industrial*

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & industrial loans represented 35% of total loans

and 23% of net charge-offs

•

47% of 1Q11 losses on loans to companies in real estate

related industries

–

Loans to real estate related industries of $2.8B (10%);

1Q11 NCO ratio of 5.52%

•

FL represented 23% of 1Q11 losses, 7% of loans; MI

represented 34% of losses, 12% of loans

* NPAs exclude loans held-for-sale.

3Q10 includes losses on loans transferred to held-for-sale

Nonaccrual loans and leases at December 31, 2010 reflect a reclassification of $84 million in nonperforming loans from

commercial and industrial loans to other consumer loans and leases which occurred after the Bancorp's Form 8-K was

filed on January 19, 2011.

Non-core:

$108

Core:

$129

Core NCO Rate:

1.94%

3Q10 NCO Breakout

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$11,744

$11,481

$10,985

$10,845

$10,510

90+ days delinquent

$44

$53

$29

$11

as % of loans

0.38%

0.46%

0.26%

0.10%

0.08%

NPAs

$1,002

$956

$679

$696

as % of loans

8.53%

8.33%

6.19%

6.26%

6.63%

Net charge-offs

$99

$78

$268

$79

$54

as % of loans

3.42%

2.68%

9.34%

2.86%

2.04%

Commercial mortgage

Commercial mortgage*

Loans by geography

Credit trends

Loans by industry

Comments

* NPAs

exclude loans held-for-sale.

3Q10 includes losses on loans transferred to held-for-sale

•

Commercial mortgage loans represented 14% of total loans

and 15% of net charge-offs

•

Owner occupied 1Q11 NCO ratio of 1.4%, other non-owner

occupied 1Q11 NCO ratio of 2.7%

•

Loans from FL/MI represented 38% of portfolio loans, 38% of

portfolio losses in 1Q11

Non-core:

$202

Core:

$66

Core NCO Rate:

2.30%

3Q10 NCO Breakout

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$3,277

$2,965

$2,349

$2,048

$1,980

90+ days delinquent

$37

$23

as % of loans

0.28%

1.24%

0.21%

0.13%

1.16%

NPAs

$569

$482

$291

$259

$248

as % of loans

17.36%

16.26%

12.40%

12.65%

12.53%

Net charge-offs

$78

$43

$121

$10

$26

as % of loans

8.57%

5.46%

16.58%

1.88%

5.24%

Commercial construction

Commercial construction*

Loans by geography

Credit trends

Loans by industry

Comments

* NPAs exclude loans held-for-sale.

3Q10 includes losses on loans transferred to held-for-sale

•

Commercial construction loans represented 3% of total loans

and 7% of net charge-offs

•

Loans from FL/MI represented 32% of portfolio loans, 17% of

portfolio losses in 1Q11

Non-core:

$77

Core:

$44

Core NCO Rate:

5.99%

3Q10 NCO Breakout

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$1,324

$1,207

$824

$699

$651

90+ days delinquent

$12

as % of loans

0.43%

1.03%

0.37%

0.12%

0.16%

NPAs

$520

$431

$280

$259

$249

as % of loans

39.28%

35.68%

33.97%

37.12%

38.30%

Net charge-offs

$81

$48

$127

$19

$22

as % of loans

22.89%

15.01%

48.74%

10.08%

13.04%

Homebuilders/developers

Homebuilders/developers*

Loans by geography

Credit trends

Loans by industry

Comments

•

Originations of builder/developer loans suspended in 2007

•

Remaining portfolio balance of $651mm, down 80% from peak

of $3.3B in 2Q08; represents approximately 1% of total loans

and 1.5% of commercial loans

•

$22mm of NCOs (27% commercial mortgage, 67% commercial

construction, 6% C&I)

•

$249mm of NPAs (65% commercial mortgage, 30%

commercial construction, 5% C&I), down $10mm sequentially

* NPAs exclude loans held-for-sale.

3Q10 includes losses on loans transferred to held-for-sale

Non-core:

$95

Core:

$32

Core NCO Rate:

12.25%

3Q10 NCO Breakout

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$7,918

$7,707

$7,975

$8,956

$9,530

90+ days delinquent

$157

$107

$111

$100

$98

as % of loans

1.98%

1.38%

1.39%

1.12%

1.03%

NPAs

$521

$549

$328

$368

$338

as % of loans

6.57%

7.12%

4.11%

3.55%

Net charge-offs

$88

$85

$204

$62

$65

as % of loans

4.46%

4.35%

10.37%

2.93%

2.82%

Residential mortgage

liens: 100%; weighted average LTV: 74.7%

Weighted average origination FICO: 743

Origination

FICO

distribution:

<660

8%;

660-689

6%;

690-719

10%; 720-749 14%; 750+ 45%; Other^ 16%

(note: loans <660 includes CRA loans and FHA/VA loans)

Origination LTV distribution: <=70 33%; 70.1-80 40%; 80.1-90 8%;

90.1-95 5%; >95 14%

Vintage distribution: 2011 9%; 2010 27%; 2009 6%; 2008 8%; 2007

10%; 2006 9%; 2005 15%; 2004 and prior 16%

% through broker: 14%; performance similar to direct

Loans by geography

Credit trends

Portfolio details

Comments

^ Includes acquired loans where FICO at origination is not available

3Q10 includes losses on loans sold

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.

•

Residential mortgage loans represented 12% of total loans and

18% of net charge-offs

•

FL portfolio 19% of residential mortgage loans driving 57% of

portfolio losses

•

FL lots ($184mm) running at 32% annualized loss rate (YTD)

Non-core:

$123

Core:

$81

Core NCO Rate:

4.10%

3Q10 NCO Breakout

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$10,280

$10,149

$10,004

$9,815

9,585

90+ days delinquent

$60

$61

$59

as % of loans

0.58%

0.60%

0.61%

0.60%

0.62%

Net charge-offs

$43

$37

$40

$39

as % of loans

1.68%

1.45%

1.57%

1.61%

1.64%

Home equity - direct

($ in millions)

1Q10

2Q10

3Q10

4Q10

1Q11

Balance

$1,906

$1,838

$1,770

$1,698

1,637

90+ days delinquent

$29

$26

$25

as % of loans

1.53%

1.57%

1.46%

1.51%

Net charge-offs

$30

$24

$26

$25

$24

as % of loans

6.45%

5.29%

5.87%

5.74%

5.88%

Home equity - brokered

Home equity

liens:

30%;

liens:

70%

Weighted average origination FICO: 749

Origination FICO distribution^: <660 4%; 660-689 7%; 690-719 13%; 720-749

17%; 750+ 50%; Other 9%

Average CLTV: 74% Origination CLTV distribution: <=70 39%; 70.1-80 22%;

80.1-90 18%; 90.1-95 7%; >95 14%

Vintage distribution: 2011 1%; 2010 3%; 2009 4%; 2008 11%; 2007 11%; 2006

15%; 2005 14%; 2004 and prior 40%

% through broker channels: 15% WA FICO: 735 brokered, 751 direct; WA

CLTV: 88% brokered; 72% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

Home equity loans represented 15% of total loans and 17% of net

charge-offs

Approximately 15% of portfolio in broker product driving 38% total

loss

Approximately

one

third

Fifth

Third

liens

are

behind

Fifth

Third

2005/2006 vintages represent approximately 30% of portfolio; account

for 52% of losses

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

1 liens

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

1.8

Commercial mortgage

1.3

12%

166

24%

17%

Commercial construction

0.4

18%

105

40%

20%

Commercial lease

0.0

Commercial

3.5

328

20%

13%

Mortgage

1.9

21%

167

45%

49%

Home equity

0.9

16%

Auto

0.5

Credit card

0.1

10%

Other consumer

0.0

37%

11%

Consumer

3.4

10%

180

35%

25%

Total

6.9

507

23%

19%

Florida

Florida market*

Deterioration in real estate values having effect on credit trends as evidenced by increased NPA/NCOs in real estate related products

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

*NPAs exclude loans held-for-sale.

Weak commercial real estate market

Losses due to significant declines in

valuations

Valuations; relatively small home

equity portfolio

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

3.3

12%

109

18%

34%

Commercial mortgage

2.8

26%

160

23%

28%

Commercial construction

0.3

14%

12%

Commercial lease

0.2

35%

Commercial

6.5

15%

307

19%

27%

Mortgage

1.4

15%

10%

12%

Home equity

2.3

21%

14%

23%

Auto

1.0

17%

14%

Credit card

0.3

15%

20%

15%

Other consumer

0.1

14%

Consumer

5.1

15%

10%

15%

Total

11.7

15%

363

17%

20%

Michigan

Michigan market*

Deterioration in home price values coupled with weak economy impacting credit trends due to frequency of defaults and severity

COML

MORTGAGE

C&I

RESI

MORTGAGE

OTHER

CONS

COML

CONST

COML

LEASE

HOME

EQUITY

AUTO

CREDIT

CARD

Total Loans

NPAs

NCOs

*NPAs exclude loans held-for-sale.

Negative impact from housing

valuations, economy,

unemployment

Economic weakness impacts

commercial real estate market

Fifth Third Bancorp (FITB) 8-K/A1Q11 Earnings Conference Call