Fifth Third Bancorp 8K Announces 2011 Net Income of $1.3 Billion | FITB 20 Jan 12

4Q11 Earnings Conference Call

January 20, 2012

Please refer to earnings release dated January 20, 2012 for further information.

Exhibit 99.2

Cautionary statement

4Q11 in review

Credit continuing to improve

•

Net charge-offs of $239mm (1.19% of loans and leases) declined

$23mm, or 9%, sequentially to lowest level since 4Q07

•

Total NPAs of $2.0B including held-for-sale declined $187mm or 9%

sequentially to lowest level since 1Q08

•

Provision expense of $55mm, reduction in allowance of $184mm

•

Loan loss allowance 2.78% of loans; coverage 124% of NPAs, 157% of

NPLs, and 2.4x annualized fourth quarter net charge-offs

Actions driving progress

•

Continued investments to maintain and enhance revenue generation;

disciplined expense control

•

Focus 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

Continued strong operating results

•

Net income available to common shareholders of $305mm, or $0.33

per diluted share

•

1.1% ROA; 12% ROTCE^

•

Pre-provision net revenue^ of $473mm, down 23% sequentially

•

Average and end of period loans and leases* up 2% sequentially;

average transaction deposits up 5% sequentially

•

Strong

capital

ratios:

Tier

common^

9.3%,

Tier

capital

ratio

11.9%,

Total capital ratio 16.1%**

•

Tangible book value per share^ growth 2% from 3Q11, 13% from 4Q10

Non-GAAP

measure.

See

Reg.

reconciliation

slides

34-35.

* Excluding loans held-for-sale

** Current period regulatory capital data ratios are estimated

Financial summary

•

4Q11 earnings of $0.33 per diluted share driven by strong core performance and improved credit results

–

Included $68mm of pretax charges in 4Q11 associated with Visa total return swap and increased bankcard

association litigation reserves

•

1.1% return on average assets; 12% return on average tangible common equity^

•

Average transaction deposits up 5%; core deposits up 3% sequentially

•

Average loans* up 5% from 4Q10, reflecting strength in C&I, mortgage, and auto loans

Actual

Seq.

YOY

($ in millions)

4Q10

3Q11

4Q11

Average Balances

Commercial loans*

$42,808

$43,879

$44,636

$757

$1,828

Consumer loans*

33,428

34,741

35,278

537

1,850

Total loans & leases*

$76,236

$78,620

$79,914

$1,294

$3,678

Core deposits

$76,454

$78,222

$80,587

$2,365

$4,133

Income Statement Data

Net interest income (taxable equivalent)

$919

$902

$920

$18

Provision for loan and lease losses

166

(32)

(36%)

(111)

(67%)

Noninterest income

656

665

550

(115)

(17%)

(106)

(16%)

Noninterest expense

987

946

993

Net Income

$333

$381

$314

($67)

(18%)

($19)

(6%)

Net income available to common shareholders

$270

$373

$305

($68)

(18%)

$35

13%

Pre-provision net revenue^

$583

$617

$473

($144)

(23%)

($110)

(19%)

Earnings per share, basic

$0.34

$0.41

$0.33

($0.08)

(20%)

($0.01)

(3%)

Earnings per share, diluted

$0.33

$0.40

$0.33

($0.07)

(18%)

Net interest margin

3.75%

3.65%

3.67%

2bps

(8bps)

(2%)

Return on average assets

1.18%

1.34%

1.08%

(26bps)

(19%)

(10bps)

(8%)

Return on average tangible common equity^

13.9%

14.9%

11.9%

~(300bps)

(20%)

~(200bps)

(14%)

^ Non-GAAP measure. See Reg. G reconciliation on slides 34-35.

* Excluding loans held-for-sale

Net interest income

NII and NIM (FTE)

•

Sequential net interest income trends reflected growth in C&I, residential mortgage, auto, and

bankcard loan balances, which more than offset lower yields on loans and lower reinvestment

rates on securities reflecting the current interest rate environment

–

NII up $18mm, or 2%, sequentially and up $1mm year-over-year

–

NIM up 2 bps sequentially and down 8 bps year-over-year

•

Yield on interest-earning assets declined 5 bps sequentially and 29 bps year-over-year

* Represents purchase accounting adjustments included in net interest income.

Balance sheet

•

C&I loans up 4% sequentially and 13% from 4Q10

•

CRE loans down 3% sequentially and 13% from 4Q10

•

Consumer loans up 2% sequentially and 6% from 4Q10

•

Warehoused residential mortgage loans held-for-sale were $2.2B in

4Q11 versus $1.2B in 3Q11

•

Core deposit to loan ratio of 101%, up 1% from 4Q10

•

DDAs up 10% sequentially and 24% year-over-year

•

Retail average transaction deposits up 3% sequentially and 12%

from the previous year, driven by growth in demand deposit,

interest checking, and MMDA balances

•

Commercial average transaction deposits up 9% sequentially and

11% from the previous year driven by growth in demand deposit

and interest checking balances

•

Reduced wholesale funding by $320mm from 4Q10

–

Non-core deposits down 9% sequentially

–

Short term borrowings down 6% sequentially

–

Long-term debt down 4% sequentially

^ Excludes loans held-for-sale

Note: Numbers may not sum due to rounding

Noninterest income

•

Noninterest income of $550mm decreased $115mm, or 17%, from prior quarter; driven by the effect of

valuation adjustments on the Visa total return swap, the impact of new debit interchange regulation on

interchange revenue, lower net securities gains, and lower mortgage banking net revenue

•

4Q11 debit interchange revenue of $29mm

–

4Q11 debit interchange $ volume: $4.6B (Signature $3.5B, PIN $1.1B)

–

4Q11 debit interchange transaction volume: 124mm (Signature 98mm, PIN 26mm)

•

Credit costs recorded in noninterest income:

Noninterest income

Note: Numbers may not sum due to rounding

Actual

($ in millions)

4Q10

3Q11

4Q11

Gain / (loss) on sale of loans

$21

Commercial loans HFS FV adjustment

(35)

(6)

(18)

Gain / (loss) on sale of OREO properties

(19)

(21)

(22)

Mortgage repurchase costs

(1)

(2)

(1)

Total credit-related revenue impact

($34)

($25)

($33)

Actual

Seq.

YOY

4Q10

3Q11

4Q11

($ in millions)

Service charges on deposits

$140

$134

$136

($4)

(3%)

Corporate banking revenue

103

(5)

(5%)

(21)

(20%)

Mortgage banking net revenue

149

178

156

(22)

(12%)

Investment advisory revenue

(2)

(2%)

(3)

(3%)

Card and processing revenue

(18)

(24%)

(21)

(26%)

Other noninterest income

(40)

(63%)

(31)

(57%)

Securities gains, net

(21)

(81%)

(16)

(76%)

Securities gains, net -

(3)

(9)

(17)

non-qualifying hedges on MSRs

Noninterest income

$656

$665

$550

($115)

(17%)

($106)

(16%)

Noninterest expense

•

Noninterest expense of $993mm increased $47mm, or 5%, compared with 3Q11, driven by higher compensation and

benefits expenses (mortgage volumes, pension settlement expense)

and increased litigation reserves primarily

related to bankcard association membership

•

Credit costs recorded in noninterest expense:

Note: Numbers may not sum due to rounding

Actual

Seq.

YOY

4Q10

3Q11

4Q11

($ in millions)

Salaries, wages and incentives

$385

$369

$393

$24

Employee benefits

21%

16%

Net occupancy expense

Technology and communications

(4)

(8%)

Equipment expense

(1)

(3%)

(5)

(13%)

Card and processing expense

(6)

(17%)

Other noninterest expense

343

322

334

(9)

(3%)

Noninterest expense

$987

$946

$993

$47

Actual

($ in millions)

4Q10

3Q11

4Q11

Mortgage repurchase expense

$20

$19

$18

Provision for unfunded commitments

(4)

(10)

(6)

Derivative valuation adjustments

(1)

(5)

OREO expense

Other problem asset related expenses

Total credit-related operating expenses

$52

$45

$44

Pre-tax pre-provision earnings*

PPNR trend

•

PPNR of $473mm down 23% from 3Q11 levels and down 19% over prior

year reflecting

increased net interest income offset by a decrease in noninterest income and an

increase in noninterest expense

•

Adjusted PPNR of $526mm, including positive adjustments totaling

$53mm, down 17%

sequentially and 9% year-over-year

PPNR reconciliation

581

546

582

637

526

$100

$200

$300

$400

$500

$600

$700

$800

4Q10

1Q11

2Q11

3Q11

4Q11

Noninterest Expense Credit Items

Fee Income Credit Items

Adjusted

($ in millions)

4Q10

1Q11

2Q11

3Q11

4Q11

Income before income taxes (U.S. GAAP) (a)

$417

$377

$506

$530

$418

Add: Provision expense (U.S. GAAP) (b)

166

168

113

PPNR (a) + (b)

$583

$545

$619

$617

$473

Adjustments to remove (benefit) / detriment:

Valuation of 2009 Visa total return swap

Securities (gains) / losses

(21)

(8)

(6)

(26)

(5)

Bankcard association litigation accrual

FTPS warrants & puts

(3)

(29)

(3)

(10)

Extinguishment (gains) / losses

(3)

(6)

Termination of certain borrowings and hedging

transactions

Adjusted PPNR

$581

$546

$582

$637

$526

Credit-related items^^:

In noninterest income

In noninterest expense

Credit-adjusted PPNR**

$667

$580

$646

$707

$603

* Non-GAAP measure. See Reg. G reconciliation on slides 34-35.

** There are limitations on the usefulness of credit-adjusted PPNR, including the significant degree to which changes in credit and fair value are integral, recurring components

of the Bancorp’s core operations as a financial institution. This measure has been included herein to facilitate a greater understanding of the Bancorp’s financial condition.

^ Prior quarters include similar adjustments

^^ See Slide 7 and Slide 8 for detailed breakout of credit-related items.

Strong capital position

Strong capital ratios under Basel I; estimated Basel III Tier 1 common ratio of 9.7%*

Net charge-offs

Net charge-offs by loan type

Net charge-offs by geography

Net charge-offs ($mm)

$mm

Commercial

$113

47%

Consumer

$126

53%

Total

$239

100%

Actual

Seq.

YOY

($ in millions)

4Q10

3Q11

4Q11

C&I

$85

$55

$62

13%

($23)

(27%)

Commercial mortgage

(33)

(41%)

Commercial construction

(31)

(89%)

(7)

(64%)

Commercial lease

(3)

(1)

(100%)

Commercial

$173

$136

$113

($23)

(17%)

($60)

(35%)

Residential mortgage loans

(26)

(42%)

Home equity

(3)

(6%)

(15)

(23%)

Automobile

(6)

(32%)

Credit card

17%

(12)

(36%)

Other consumer

(1)

(14%)

50%

Consumer

$183

$126

($57)

(31%)

Total net charge-offs

$356

$262

$239

($23)

(9%)

($117)

(33%)

Year-over-year charge-offs down significantly due to improving credit trends

$mm

Florida

$41

17%

Michigan

25%

Subtotal

$101

42%

Other

139

58%

Total

$239

100%

Nonperforming assets

•

NPAs of $1.8B excluding held-for-sale down

16% year-over-year

•

Commercial NPAs of $1.3B, down 15% from

the previous year

–

Homebuilder / developer NPAs of

$155mm; represent 12% of total

commercial NPAs

•

Consumer NPAs of $478mm, down 20% from

the previous year

•

NPAs in held-for-sale of $138mm

C&I / Lease

$522mm, 29%

CRE

$816mm, 45%

Residential

$416mm, 23%

Other Consumer

$62mm, 3%

ILLINOIS

INDIANA

FLORIDA

TENNESSEE

KENTUCKY

OHIO

MICHIGAN

NORTH

CAROLINA

OTHER /

NATIONAL

NPAs exclude loans held-for-sale.

Nonperforming assets continue to improve

NPL HFI Rollforward

Commercial

4Q10

1Q11

2Q11

3Q11

4Q11

Beginning NPL Amount

1,261

1,214

1,211

1,253

1,155

Transfers to nonperforming

269

329

340

217

190

Transfers to performing

(2)

(10)

(11)

Transfers to performing (restructured)

(1)

Transfers from held for sale

��

Transfers to held for sale

(16)

(15)

(58)

(3)

Loans sold from portfolio

(9)

(12)

(7)

(17)

(21)

Loan paydowns/payoffs

(111)

(108)

(91)

(77)

(150)

Transfer to other real estate owned

(48)

(37)

(39)

(20)

(14)

Charge-offs

(170)

(164)

(141)

(136)

(113)

Draws/other extensions of credit

Ending Commercial NPL

1,214

1,211

1,253

1,155

1,058

Consumer

4Q10

1Q11

2Q11

3Q11

4Q11

Beginning NPL Amount

323

466

434

386

383

Transfers to nonperforming

365

232

214

201

206

Transfers to performing

(36)

(35)

(34)

(33)

(28)

Transfers to performing (restructured)

(25)

(50)

(41)

(39)

Transfers to held for sale

Loans sold from portfolio

(1)

(21)

Loan paydowns/payoffs

(17)

(18)

(27)

(26)

Transfer to other real estate owned

(20)

(18)

(15)

(16)

(30)

Charge-offs

(130)

(144)

(126)

(91)

(87)

Draws/other extensions of credit

Ending Consumer NPL

466

434

386

383

380

Total NPL

1,680

1,645

1,639

1,538

1,438

Total new nonaccrual loans - HFI

634

561

554

418

396

NPL Rollforward

Significant improvement in NPL inflows over past year

Troubled debt restructurings overview

Successive improvement in vintage performance during

2008 and 2009 as volume of modification increased

Fifth Third’s mortgage portfolio TDRs have redefaulted

at a lower rate than GSE composites

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

status and $220mm were nonaccruals

—

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

books 6 or more months; within that, nearly

$940mm 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 2Q11

Mortgage TDR 60+ redefault trend by vintage*

1Q08 3%

3Q08 7%

Months since modification

Mortgage TDR 60+ redefault rate: Fifth Third comparison

(January 1, 2008 through September 2011)*

Fannie Mae

Industry

portfolio loans

Fifth Third

Volume by

vintage

Freddie Mac

3Q09 12%

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

2Q08 7%

4Q08 8%

1Q09 11%

2Q09 12%

4Q09 7%

1Q10 7%

2Q10 5%

2Q11 4%

1Q11 4%

4Q10 4%

3Q10 5%

Strong relative credit trends

Peer

average

includes:

BBT,

CMA,

HBAN,

KEY,

MTB,

PNC,

RF,

STI,

USB,

WFC,

and

ZION

Source:

SNL

Financial

and

company

filings.

All

ratios

exclude

loans

held-for-sale

and

covered

assets

for

peers

where

appropriate.

4Q08

NCOs

included

$800mm

NCOs

commercial

loans

moved

held-for-sale;

3Q10

NCOs

included

$510mm

NCOs

loans

sold

moved

held-for-sale

FITB credit metrics are in line with or better than peers

Strong reserve position

Peer average includes: BBT, CMA, HBAN, KEY, MTB, PNC, RF,STI, USB, WFC, and ZION

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

4Q11 coverage ratios strong

relative to peers (3Q11)

Mortgage repurchase overview

22% drop in 4Q11 outstanding claims balance from

prior quarter

—

Increase in file requests by GSEs on current

(performing) loans

Virtually all sold loans and the majority of new claims

relate to agencies

—

98% of outstanding balance of loans sold

—

71%

of current quarter outstanding claims

Majority of outstanding balances of the serviced for

others portfolio relates to origination activity in 2009

and later

Private claims and exposure relate to whole loan sales

(no outstanding first mortgage securitizations)

—

Preponderance of private sales prior to 2006

Repurchase Reserves* ($ in millions)

Outstanding Counterparty Claims ($ in millions)

Outstanding Balance of Sold Loans ($ in millions)

4Q10

1Q11

2Q11

3Q11

4Q11

Beginning balance

103

101

Net reserve additions

Repurchase losses

(23)

(22)

(31)

(17)

Ending balance

101

2005 and prior

GSE

GNMA

Private

Total

$7,214

$287

$530

$8,030

2006

1,668

263

1,990

2007

2,697

228

3,014

2008

2,664

680

0.3

3,344

2009 and later

31,714

9,040

40,755

Total

$45,957

$10,154

$1,022

$57,133

Includes reps and warranty reserve ($55mm) and reserve for loans

sold with recourse ($17mm)

European Exposure

Total exposure includes funded and unfunded commitments, net of collateral; funded exposure excludes unfunded exposure

Peripheral Europe includes Greece, Ireland, Italy, Portugal and Spain

Eurozone

includes

countries

participating

the

European

common

currency

(Euro)

Other Europe includes European countries not part of the Euro (primarily the United Kingdom and Switzerland)

Data above includes exposure to U.S. subsidiaries of Europe-domiciled companies

•

International exposure primarily related to trade finance and financing activities of U.S. companies with

foreign parent or overseas activities of U.S. customers

•

No European sovereign exposure (total international sovereign exposure $3mm)

•

Total exposure to European financial institutions <$200mm

•

Total exposure to five peripheral Europe countries <$200mm

•

$875mm in funded exposure to Eurozone-related companies (~1% of total loan portfolio)

Traditional banking focus

consistent with direction of financial reform

Business

profile

positions

Fifth

Third

well

–

today

and

the

future

•

Do not require substantial changes to Fifth Third’s business model or asset mix with

attendant execution risk

•

Fifth Third’s business model is driven by traditional banking activities, consistent with direction of financial reform

Dodd-Frank /

Basel III

•

International activity primarily related to trade finance and lending to U.S. subsidiaries of

foreign companies (e.g. Fifth Third loss in Lehman bankruptcy expected to be less than

$2mm)

Financial system

interconnectedness

•

Little to no impact (de minimis market maker in derivatives, proprietary trading)

–

Low trading business activity; daily VaR ~$1mm or less

–

Small private equity portfolio <$200mm

Volcker rule

•

Other large firms facing significant litigation related to mortgage securitizations, GSE

repurchases, and private label mortgage repurchases

•

Fifth Third’s mortgage risks are manageable

–

Quarterly mortgage repurchase costs ~$20-25mm and claims inventory declining

–

Total

mortgage securitizations outstanding $22mm (2003 HELOC) and performing well

Mortgage Putback /

Litigation risk

•

No significant business at Fifth Third impaired during crisis

–No originations of CDOs, securitizations on behalf of others

–Didn’t originate or sell subprime mortgages or Option ARMs

Effect of crisis on

core business

•

No direct European sovereign exposure

–

Total exposure to European peripheral borrowers (Greece, Ireland, Italy, Portugal,

Spain) less than $200mm

–

Gross exposure to European banks less than $200mm

European banks and

sovereign debt

exposure

Appendix

Well-positioned for the future

•

Holding company cash currently sufficient for more than 2 years of obligations; minimal 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 to refinance in 2012

Superior capital and liquidity position

•

NCOs of 1.2%; 2.4x reserves / annualized NCOs

•

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

•

Very low relative exposure to areas of concern, e.g. European financials, mortgage repurchase risk

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 (198% PPNR / NCOs^ in 4Q11)

•

1.1% ROAA; 12% return on average tangible common equity^

Industry leader in earnings power

^ Non-GAAP measure. See Reg. G reconciliation on slides 34-35.

Balance Sheet:

Average loans & leases (excl. HFS)

Average transaction deposits

Income Statement:

Net interest income*

Net interest margin*

Noninterest income

Noninterest expense

Pre-provision net revenue**

ROA

Effective tax rate

Asset Quality:

Net charge-offs

Loan loss allowance

Nonperforming assets^

Capital Ratios

Tier I common equity** (Basel III)

Tier I leverage

Tier I capital

Total risk-based capital

Category

Fifth Third: Outlook

1Q12 Outlook

$79.9 billion

$75.6

billion

Down ~$15-20mm vs. 4Q11

Down ~5 bps vs. 4Q11

Up ~$50-60mm vs. 4Q11

Down ~$15mm vs. 4Q11

~$530mm +/-

>1.1%

27-28%

* Presented on a fully-taxable equivalent basis.

** Non-GAAP measure. See Reg. G reconciliation on slides 34-35.

^ 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; see slide 35 for estimation of Basel III phased-in Tier 1 common

4Q11 Actual

Outlook as of January 20, 2012

Solid growth vs. 4Q11

Stable vs. 4Q11

Down ~$10-15mm +/-

vs. 4Q11

Lower vs. 4Q11

Down ~$100mm vs. 4Q11

$920 million

3.67%

$550 million

$993 million

$473 million

1.1%

25%

9.3% (~9.7%)

11.1%

11.9%

16.1%

$239 million (1.19%^^)

$2.3 billion (2.78%)

$1.8 billion (2.23%)

Please see cautionary statement on slide 2 for risk factors related to forward-looking statements

Available and contingent borrowing capacity (4Q11):

–

FHLB ~$9B

–

Federal Reserve ~$22B

Holding Company cash at 12/31/11: $2.6B

Cash currently sufficient to satisfy all fixed obligations

for more than 2 years (debt maturities, common and

preferred dividends, interest and other expenses)

without accessing capital markets; relying on dividends

from subsidiaries; proceeds from asset sales

Expected cash obligations over the next 12 months

—

~$368mm common dividends

—

~$35mm Series G preferred dividends

—

~$419mm interest and other expenses

Holding company unsecured debt maturities ($mm)

Bank unsecured debt maturities ($mm –

excl. Brokered CDs)

Heavily core funded

Strong liquidity profile

S-T

wholesale

Non-performing assets and net charge-offs:

Product view*

*NPAs exclude loans held-for-sale.

Non-performing assets and net charge-offs:

Geographic view*

*NPAs exclude loans held-for-sale.

($ in millions)

4Q10

1Q11

2Q11

3Q11

4Q11

EOP Balance

$27,191

$27,344

$28,099

$29,258

$30,783

Avg Loans

$26,338

$27,331

$27,909

$28,777

$29,891

90+ days delinquent

$16

as % of loans

0.06%

0.03%

0.02%

0.03%

0.01%

NPAs

$612

$620

$638

$588

$509

as % of loans

2.25%

2.27%

2.01%

1.65%

Net charge-offs

$85

$83

$76

$55

$62

as % of loans

1.27%

1.22%

1.10%

0.76%

0.82%

C&I

Commercial & industrial*

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & Industrial loans represented 38% of total loans

and 26% of net charge-offs

•

14% of 4Q11 losses on loans to companies in real estate

related industries

–

Loans to real estate related industries of $2.3B (7%);

4Q11 NCO ratio of 1.45%

•

FL represented 11% of 4Q11 losses, 7% of loans; MI

represented 20% of losses, 10% of loans

*NPAs exclude loans held-for-sale.

($ in millions)

4Q10

1Q11

2Q11

3Q11

4Q11

EOP Balance

$10,845

$10,510

$10,233

$10,330

$10,138

Avg Loans

$10,985

$10,685

$10,394

$10,050

$10,262

90+ days delinquent

$11

$12

as % of loans

0.10%

0.08%

0.11%

0.09%

0.03%

NPAs

$679

$696

$710

$630

$637

as % of loans

6.26%

6.63%

6.94%

6.10%

6.28%

Net charge-offs

$80

$54

$47

as % of loans

2.89%

2.04%

1.83%

1.86%

1.82%

Commercial mortgage

Commercial mortgage*

Loans by geography

Credit trends

Loans by industry

Comments

*NPAs exclude loans held-for-sale.

•

Commercial mortgage loans represented 13% of total loans

and 20% of net charge-offs

•

Owner occupied 4Q11 NCO ratio of 1.4%, non-owner occupied

4Q11 NCO ratio of 2.2%

•

Loans from FL/MI represented 39% of portfolio loans, 58% of

portfolio losses in 4Q11

($ in millions)

4Q10

1Q11

2Q11

3Q11

4Q11

EOP Balance

$2,048

$1,980

$1,778

$1,213

$1,020

Avg Loans

$2,171

$2,030

$1,918

$1,752

$1,132

90+ days delinquent

$23

$48

$44

as % of loans

0.13%

1.16%

2.71%

3.65%

0.09%

NPAs

$259

$248

$240

$238

$179

as % of loans

12.65%

12.53%

13.52%

19.60%

17.60%

Net charge-offs

$11

$26

$20

$35

as % of loans

2.01%

5.24%

4.09%

7.90%

1.37%

Commercial construction

Commercial construction*

Loans by geography

Credit trends

Loans by industry

Comments

*NPAs exclude loans held-for-sale.

•

Commercial construction loans represented 1% of total loans

and 2% of net charge-offs

•

Loans from FL/MI represented 27% of portfolio loans, 25% of

portfolio losses in 4Q11

($ in millions)

4Q10

1Q11

2Q11

3Q11

4Q11

EOP Balance

$699

$651

$597

$578

$512

90+ days delinquent

as % of loans

0.12%

0.16%

0.19%

0.59%

0.03%

NPAs

$259

$249

$243

$207

$155

as % of loans

37.12%

38.30%

40.67%

35.87%

30.34%

Net charge-offs

$19

$22

$14

$18

as % of loans

10.08%

13.04%

8.91%

11.50%

1.28%

Homebuilders/developers

Homebuilders/developers*

(included in previous slides)

Loans by geography

Credit trends

Loans by industry

Comments

•

Originations of builder/developer loans suspended in 2007

•

Remaining portfolio balance of $512mm, down 85% from peak

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

and 1.1% of commercial loans

•

$2mm of NCOs (17% commercial mortgage, 81% commercial

construction, 2% C&I)

•

$155mm of NPAs (57% commercial mortgage, 34%

commercial construction, 9% C&I)

*NPAs exclude loans held-for-sale.

($ in millions)

4Q10

1Q11

2Q11

3Q11

4Q11

EOP Balance

$8,956

$9,530

$9,849

$10,249

$10,672

Avg Loans

$8,382

$9,282

$9,654

$10,006

$10,464

90+ days delinquent

$100

$98

$87

$91

$79

as % of loans

1.12%

1.03%

0.88%

0.89%

0.74%

NPAs

$368

$338

$337

$350

as % of loans

4.11%

3.55%

3.43%

3.29%

3.28%

Net charge-offs

$62

$65

$36

as % of loans

2.93%

2.82%

1.50%

1.41%

1.38%

Residential mortgage

liens: 100%; weighted average LTV: 73.8%

Weighted average origination FICO: 748

Origination FICO distribution: <660 8%; 660-689 6%; 690-719

10%; 720-749 13%; 750+ 51%; Other^ 12%

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

Origination LTV distribution: <=70 35%; 70.1-80 39%; 80.1-90 8%;

90.1-95 4%; >95 14%

Vintage distribution: 2011 29%; 2010 20%; 2009 5%; 2008 6%;

2007 8%; 2006 7%; 2005 12%; 2004 and prior 13%

% 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

•

Residential mortgage loans represented 13% of total loans

and 15% of net charge-offs

•

FL portfolio 16% of residential mortgage loans and 49% of

portfolio losses

($ in millions)

4Q10

1Q11

2Q11

3Q11

4Q11

EOP Balance

$9,815

$9,585

$9,462

$9,380

$9,232

90+ days delinquent

$59

$61

$62

$56

as % of loans

0.60%

0.62%

0.64%

0.66%

0.61%

Net charge-offs

$40

$39

$34

$35

$33

as % of loans

1.61%

1.64%

1.46%

1.50%

1.42%

Home equity - direct

($ in millions)

4Q10

1Q11

2Q11

3Q11

4Q11

EOP Balance

$1,698

$1,637

$1,586

$1,540

$1,487

90+ days delinquent

$25

$23

$21

$18

as % of loans

1.46%

1.51%

1.46%

1.37%

1.21%

Net charge-offs

$25

$24

$20

$18

$17

as % of loans

5.74%

5.88%

4.95%

4.53%

4.54%

Home equity - brokered

Home equity

liens: 31%; 2nd liens: 69%

Weighted average origination FICO: 750

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 3%; 2010 3%; 2009 4%; 2008 11%; 2007 11%; 2006

15%; 2005 14%; 2004 and prior 39%

% through broker channels: 14% WA FICO: 735 brokered, 752 direct; WA

CLTV: 88% brokered; 71% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

Home equity loans represented 13% of total loans and 21% of net

charge-offs

Approximately 14% of portfolio in broker product driving 34% total

loss

Approximately one third of Fifth Third 2

liens are behind Fifth Third

liens

2005/2006 vintages represent approximately 29% of portfolio; account

for 55% 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

Loans ($B)

% of

FITB

NPAs ($M)

% of

FITB

NCOs

($M)

% of

FITB

Commercial loans

2.0

13%

11%

Commercial mortgage

1.3

12%

118

18%

13%

Commercial construction

0.2

18%

50%

Commercial lease

0.0

Commercial

3.5

273

20%

11%

Mortgage

1.7

16%

156

45%

52%

Home equity

0.8

13%

Auto

0.5

Credit card

0.1

Other consumer

0.0

12%

Consumer

3.2

168

35%

23%

Total

6.7

441

24%

17%

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

3.2

10%

101

20%

Commercial mortgage

2.6

26%

150

24%

45%

Commercial construction

0.1

10%

35%

Commercial lease

0.2

21%

(0)

Commercial

6.1

14%

269

20%

31%

Mortgage

1.6

15%

11%

15%

Home equity

2.2

21%

11%

28%

Auto

1.0

14%

12%

Credit card

0.3

15%

19%

15%

Other consumer

0.1

22%

11%

Consumer

5.2

15%

12%

19%

Total

11.4

14%

326

18%

25%

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 impact on

commercial real estate market

Regulation G Non-GAAP reconciliation

$ and shares in millions

(unaudited)

For the Three Months Ended

December

September

June

March

December

2011

2010

Income before income taxes (U.S. GAAP)

418

530

506

377

417

Add:

Provision expense (U.S. GAAP)

113

168

166

Pre-provision net revenue (a)

473

617

619

545

583

Net income available to common shareholders (U.S. GAAP)

305

373

328

270

Add:

Intangible amortization, net of tax

Tangible net income available to common shareholders

308

376

332

277

Tangible net income available to common shareholders (annualized) (b)

1,222

1,492

1,332

377

1,099

Average Bancorp shareholders' equity (U.S. GAAP)

13,147

12,841

12,365

13,052

14,007

Less:

Average preferred stock

398

1,557

3,648

Average goodwill

2,417

Average intangible assets

Average tangible common equity (c)

10,920

9,979

9,498

9,019

7,875

Total Bancorp shareholders' equity (U.S. GAAP)

13,201

13,029

12,572

12,163

14,051

Less:

Preferred stock

(398)

(3,654)

Goodwill

(2,417)

Intangible assets

(40)

(45)

(49)

(55)

(62)

Tangible common equity, including unrealized gains / losses (d)

10,346

10,169

9,708

9,293

7,918

Less: Accumulated other comprehensive income / loss

(470)

(542)

(396)

(263)

(314)

Tangible common equity, excluding unrealized gains / losses (e)

9,876

9,627

9,312

9,030

7,604

Total assets (U.S. GAAP)

116,967

114,905

110,805

110,485

111,007

Less:

Goodwill

(2,417)

Intangible assets

(40)

(45)

(49)

(55)

(62)

Tangible assets, including unrealized gains / losses (f)

114,510

112,443

108,339

108,013

108,528

Less: Accumulated other comprehensive income / loss, before tax

(723)

(834)

(609)

(405)

(483)

Tangible assets, excluding unrealized gains / losses (g)

113,787

111,609

107,730

107,608

108,045

Common shares outstanding (h)

920

919

796

Net charge-offs (i)

239

262

304

367

356

Ratios:

Return on average tangible common equity (b) / (c)

11.88%

14.95%

14.02%

4.18%

13.95%

Tangible

common

equity

(excluding

unrealized

gains/losses)

(e)

(g)

8.68%

8.63%

8.64%

8.39%

7.04%

Tangible

common

equity

(including

unrealized

gains/losses)

(d)

(f)

9.04%

8.96%

8.60%

7.30%

Tangible book value per share (d) / (h)

11.25

11.05

10.55

10.11

9.94

Pre-provision net revenue / net charge-offs (a) / (i)

198%

235%

204%

149%

164%

Regulation G Non-GAAP reconciliation

$ in millions

(unaudited)

For the Three Months Ended

December

September

June

March

December

2011

2010

Total Bancorp shareholders' equity (U.S. GAAP)

13,201

13,029

12,572

12,163

14,051

Goodwill and certain other intangibles

(2,514)

(2,536)

(2,546)

Unrealized gains

(470)

(542)

(396)

(263)

(314)

Qualifying trust preferred securities

2,248

2,273

2,312

2,763

Other

Tier I capital

12,503

12,266

11,972

12,129

13,965

Less:

Preferred stock

(398)

(3,654)

Qualifying trust preferred securities

(2,248)

(2,273)

(2,312)

(2,763)

Qualifying noncontrolling interest in consolidated subsidiaries

(50)

(30)

Tier I common equity (a)

9,807

9,565

9,232

8,938

7,518

Unrealized gains

470

542

Disallowed deferred tax assets

Disallowed MSRs

Other

Less:

10% of individual deferred tax assets, MSRs, investment in financial entities

15% of aggregate deferred tax assets, MSRs, investment in financial entities

Tier 1 common equity, Basel III proforma (b)

10,359

10,181

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (c)

104,999

102,560

100,320

99,392

100,561

Add:

Regulatory deductions not deducted from Tier 1 common equity,

risk-weighted at 250%

1,453

1377

Risk-weighted assets, Basel III proforma (d)

106,452

103,937

Ratios:

Tier I common equity (a) / (c)

9.34%

9.33%

9.20%

8.99%

7.48%

Tier I common equity, Basel III proforma (b) / (d)

9.7%

9.8%

Fifth Third Bancorp (FITB) 8-KFifth Third Bancorp Announces 2011 Net Income of $1.3 Billion