Fifth Third Bancorp (FITB) 8-K Fifth Third Announces First Quarter 2015 Net Income to Common Shareholders of $367 Million, or $0.44 Per Diluted Share

1Q15 Earnings Conference Call

April 21, 2015

Refer to earnings release dated April 21, 2015 for further information.

Exhibit 99.2

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Third

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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 and adequate sources of funding and liquidity 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 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

from

Fifth

Third’s

investment

in,

relationship with, and nature of the operations of Vantiv, LLC; (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 and deliver products and

services 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.

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1Q15 in review

Balancing current earnings results with prudent decisions to increase long-term shareholder value

($ in millions)

1Q15

Seq.

YOY

Average Balances

Total loans & leases

1, 2

$90,508

($533)

$978

Core deposits

$98,194

$1,844

$6,682

Income Statement Data

Net interest income (taxable equivalent)

$852

(4%)

(5%)

Provision for loan and lease losses

69

(30%)

-

Noninterest income

660

1%

17%

Noninterest expense

923

1%

(3%)

Net income attributable to Bancorp

$382

(1%)

20%

Net income available to common

shareholders

$367

1%

15%

Financial Ratios

Earnings per share, diluted

0.44

2%

22%

Net interest margin

2.86%

(10bps)

(36bps)

Efficiency ratio

61.0%

140bps

(390bps)

Return on average assets

1.12%

(1bp)

12bps

Return on avg common equity

10.3%

30bps

130bps

Return on avg tangible common equity

12.3%

20bps

130bps

Tangible book value per share

$14.87

3%

11%

Note:

The

percentages

in

all

of

the

tables

in

this

presentation

are

calculated

on

actual

dollar

amounts

and

not

the

rounded

dollar

amounts.

1

Excludes loans held-for-sale

2

Includes impact of TDR loans moved to held-for-sale in 4Q14

3

Non-GAAP measure; see Reg. G reconciliation in appendix

Significant pre-tax items in 1Q15 results

(~$0.07 positive after-tax EPS impact):

—

$70MM positive valuation adjustment on

Vantiv warrant

—

$37MM gain on sale of TDRs

—

$17MM negative valuation adjustment on

Visa total return swap

1Q15 operating results solid despite continued

low interest rate environment; reflect typical 1Q

seasonality in fee income and benefits expense

Sequential comparisons reflect impact of TDR

transfer to held-for-sale in 4Q14

—

Reduced average loan balance by $694MM

—

4Q14 included $23MM of provision expense

related to the transfer

Credit quality continues to improve

—

NCO ratio 41bps of loans as of 1Q15

—

NPAs down $90MM compared with 4Q14;

NPA ratio 76bps

Strong capital ratios; tangible book value

per

share

3

up

11%

from

1Q14

3

2

3

3

4

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Balance sheet

Loan balances ($B)

•

Continuing to target prudent risk/reward

profile in lending

•

Average commercial loans up 1%

sequentially and up 3% year-over-year

–

Year-over-year growth primarily

driven by C&I and commercial

construction, partially offset by lower

commercial mortgage

–

End of period commercial line

utilization 32%; flat sequentially

•

Average consumer loans declined 2%

sequentially and 1% year-over-year;

includes impact of mortgage loans

transferred to held for sale at the end of

4Q14

•

Average transaction deposits up $1.8B

sequentially with increases in interest

checking, money market and demand

deposit balances

–

Consumer average transaction

deposits up 2% sequentially and up

6% year-over-year

–

Commercial average transaction

deposits up 1% sequentially and up

8% year-over-year

•

Core deposit to loan ratio of 108%

Average core deposit balances ($B)

Average securities and short-term

investments ($B)

•

Average securities up $2.7B from 1Q14

reflecting purchase of securities

•

Securities portfolio / total assets of 19.2%

in 1Q15, up from 16.4% a year ago

•

Average other short-term investments

increased $3.4B year-over-year reflecting

higher cash balances at the Federal

Reserve

Note: Numbers may not sum due to rounding.

5

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Net interest income

NII and NIM (FTE)

•

Net interest income down

$36MM from 4Q14

–

Decrease driven by the impact of changes to deposit advance product ($21MM) and negative impact from

lower day count ($13MM); decrease in deposit costs and increased

investment securities balances offset

negative effect of loan repricing

•

NIM decreased 10 bps

primarily sequentially reflecting changes to deposit advance product (7bps)

•

Year-over-year NII decreased $46MM and NIM decreased 36 bps

–

NII decrease driven by changes to deposit advance product and loan repricing

–

NIM decrease primarily driven by the impact of loan repricing

Yield Analysis

1Q14

4Q14

1Q15

Seq.

(bps)

YoY

(bps)

Commercial and industrial loans

3.35%

3.21%

3.16%

(5)

(19)

Commercial mortgage loans

3.43%

3.28%

3.27%

(1)

(16)

Commercial construction loans

3.48%

3.30%

3.23%

(7)

(25)

Commercial leases

3.09%

2.96%

2.90%

(6)

(19)

Residential mortgage loans

3.94%

3.80%

3.83%

3

(11)

Home equity

3.74%

3.68%

3.66%

(2)

(8)

Automobile loans

2.86%

2.73%

2.68%

(5)

(18)

Credit card

9.90%

10.08%

10.22%

14

32

Other consumer loans and leases

39.93%

31.97%

10.79%

(2,118)

(2,914)

Total loans and leases

3.72%

3.58%

3.46%

(12)

(26)

Taxable securities

3.33%

3.28%

3.30%

2

(3)

Tax exempt securities

5.51%

4.42%

5.24%

82

(27)

Other short-term investments

0.26%

0.26%

0.25%

(1)

(1)

Total interest-earning assets

3.58%

3.38%

3.28%

(10)

(30)

Total interest-bearing liabilities

0.51%

0.61%

0.60%

(1)

9

Net interest spread

3.07%

2.77%

2.68%

(9)

(39)

6

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•

4Q14 include $23MM of payments received from Vantiv

pursuant to TRA

1Q15

($ in millions)

Service charges on deposits

$135

(5%)

2%

Corporate banking revenue

92

(23%)

(11%)

Mortgage banking net revenue

86

40%

(21%)

Investment advisory revenue

108

7%

6%

Card and processing revenue

71

(6%)

5%

Other noninterest income¹

164

9%

NM

Securities gains, net

4

16%

(34%)

Total noninterest income

$660

1%

17%

Noninterest income

1

Net credit-related costs recognized in other noninterest income were $1MM in1Q15. This compares with $1MM  net credit-related costs in 4Q14, immaterial costs in 3Q14, $4MM  in 2Q14

and $10MM in 1Q14.

Compared with 4Q14

•

Record investment advisory revenue reflected seasonally

strong tax-related private client services and higher

securities and brokerage fees

•

Corporate banking revenue included a $21 million decline in

syndication fees due to decreased market activity and

strong 4Q14 results

•

Mortgage banking revenue results reflected higher gain on

sale margins, slightly higher originations and higher MSR

valuation adjustment

Compared with 1Q14

•

Decrease in mortgage banking revenue reflected  increased

servicing asset amortization and lower MSR valuation

adjustments in 1Q15

•

Corporate banking revenue results driven by decline in

syndication fees, institutional sales revenue, and lease

remarketing fees, offset by increased foreign exchange fees

1Q14

2Q14

3Q14

4Q14

1Q15

Reported noninterest income

$564

$736

$520

$653

$660

Gain on sale of Vantiv shares

-

(125)

-

-

-

Vantiv warrant valuation

36

(63)

53

(56)

(70)

Other Vantiv-related items

-

12

-

-

-

Valuation of Visa total return swap

(1)

16

3

19

17

Gain on sale of  TDRs

-

-

-

-

(37)

Land valuation adjustments

-

17

-

-

-

Securities (gains) / losses

(7)

(8)

(3)

(4)

(4)

Adjusted noninterest income

$592

$585

$573

$612

$566

Components of noninterest income

5 quarter trend ($MM)

Adjustments to remove (benefit) / detriment

Seq.

YOY

7

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Noninterest expense

1

Net

credit-related

costs

recognized

in

other

noninterest

expense

were

$14MM

in

1Q15.

This

compares

with

net

credit-related

costs

of

$33MM

in

4Q14,

$13MM

in

3Q14,

$6MM

in

2Q14

and

$9MM in 1Q14.

•

Expenses were up 1% sequentially, driven by a

seasonal increase in FICA and unemployment tax

expense recorded in employee benefits, partially

offset by lower credit-related costs¹

•

Excluding litigation reserve charges, year-over-year

expenses increased 2%, driven by higher incentive-

based compensation expense and increased credit-

related costs¹

1Q15

Seq.

YOY

($ in millions)

Salaries, wages and incentives

$369

1%

3%

Employee benefits

99

26%

(3%)

Net occupancy expense

79

2%

(1%)

Technology and communications

55

2%

3%

Equipment expense

31

1%

3%

Card and processing expense

36

(2%)

14%

Other noninterest expense¹

254

(7%)

(13%)

Total noninterest expense

$923

1%

(3%)

1Q14

2Q14

3Q14

4Q14

1Q15

Reported noninterest expense

$950

$954

$888

$918

$923

Litigation reserve charges

(51)

(61)

(4)

3

(2)

Severance expense

(4)

(1)

(2)

(6)

(1)

Adjusted noninterest expense

$895

$892

$882

$915

$920

5 quarter trend ($MM)

Components of noninterest expense

Adjustments to remove benefit / (detriment)

8

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Credit quality overview

Net charge-offs ($MM)

HFI Nonperforming assets ($MM)

NPAs down 7% sequentially and 27% from 1Q14;

lowest level since 2007

Reserve Coverage

Accruing 90+ Days Past Due ($MM)

Includes 1Q15 provision expense of $69MM,

reserve coverage levels remain solid

90 + delinquencies declined 17% from 1Q14

Net charge-offs down 52% sequentially and 46% year-over-year;

4Q14 included $87MM related to TDR transfer to held-for-sale

9

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Strong capital position

1

Non-GAAP measure; See Reg. G reconciliation in appendix.

2

Represents

Basel

III

common

equity

tier

1

ratio

under

the

final

capital

rule,

subject

to

phase-in

periods.

Fifth

Third

will

make

a

one-time

permanent

election

to

not

include

AOCI

in

common

equity

tier 1 capital in the March 31, 2015 regulatory filings.

Tier

1

Common

Ratio

1

(Basel I)

Avg.

Diluted

Shares

Outstanding

(MM)

and

Tangible

Book

Value

per

share

•

Received non-objection from Federal Reserve on

2015 CCAR plan

•

2015 CCAR plan included:

—

the potential repurchase of common shares in

an amount up to $765MM

—

a potential increase in the quarterly common

stock dividend to $0.14 in 2016

•

Announced $180MM of share repurchases in 1Q15

under 2014 CCAR plan; expected to be completed on

or before 4/23/15

EOP share impact

(MM)

Average share impact

(MM)

4Q14

1Q15

4Q14

1Q15

2Q15

$225MM ASR

1.9

-

4.0

0.3

-

$180MM ASR

8.3

0.8

6.3

2.7

0.1

$180MM ASR

-

8.5

-

6.0

2.6

10.2

9.3

10.5

9.0

2.7

Capital Actions

Impact of Share Repurchases

Common Equity

Tier

1

Ratio

2

(Basel III)

1

10

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Appendix

11

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Pre-tax

pre-provision

earnings

1

PPNR trend

1

Non-GAAP measure; see Reg. G reconciliation in appendix.

2

Prior quarters include similar adjustments.

3

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.

Note:

1Q15

included

$3MM

in

mortgage

repurchase

provision.

4Q14

included

an

immaterial

amount

while

3Q14,

2Q14,

and

1Q14

included

the

impact

of

$3MM,

$1MM,

and

$3MM,

respectively

in

mortgage

repurchase

provision.

These

impacts

are

reflected

in

“Credit-related

items”

and

“Adjusted

Efficiency

Ratio”

listed

above.

PPNR decreased 6% sequentially, reflecting

impact of $91MM in net benefit in 1Q15 and

$38MM in 4Q14 from significant items. Excluding

those items, adjusted PPNR decreased 15%

sequentially, reflecting lower NII in 1Q15 and a

benefit of $23MM from Vantiv TRA payment in

4Q14

PPNR reconciliation

Efficiency ratio

($ in millions)

1Q14

2Q14

3Q14

4Q14

1Q15

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

$438

$606

$464

$519

$515

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

69

76

71

99

69

PPNR (a) + (b)

$507

$682

$535

$618

$584

Adjustments to remove (benefit) / detriment ² :

In noninterest income:

Gain from sales of Vantiv shares

-

(125)

-

-

-

Vantiv warrant valuation

36

(63)

53

(56)

(70)

Reduction in equity method income from interest in Vantiv

-

12

-

-

-

Land valuation adjusments

-

17

-

-

-

Gain from sales of troubled debt restructurings

-

-

-

-

(37)

Valuation of 2009 Visa total return swap

(1)

16

3

19

17

Securities (gains) / losses

(7)

(8)

(3)

(4)

(4)

In noninterest expense:

Severance expense

4

1

2

6

1

Litigation reserve charges

51

61

4

(3)

2

Adjusted PPNR

$590

$593

$594

$580

$493

Credit-related items:

In noninterest income

10

4

(0)

1

1

In noninterest expense

9

6

13

33

14

Credit-adjusted PPNR

3

$609

$603

$607

$614

$508

12

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Mortgage banking results

•

$1.8B in originations; 40% purchase volume

–

Discontinued broker channel originations in 1Q14

•

1Q15 mortgage drivers:

–

Origination fees and gain on sale revenue up $8MM

–

Gain on sale margin up 48 bps sequentially driven by increased refinance activity given the

low level of interest rates during the quarter

–

Retaining conforming ARMs and shorter-term fixed-rate production on balance sheet

–

MSR valuation adjustments of positive $17MM; servicing rights amortization of $34MM

–

$59MM in gross servicing fees

Mortgage

originations

($B)

and

gain

on

sale

margin

1

Mortgage Banking Net Revenue ($MM)

Note: Numbers may not sum due to rounding.

1

Gain on sale margin represents gains on all loans originated for sale.

$86

$61

$109

$78

1

$61

13

Available and contingent borrowing capacity

(1Q15):

–

FHLB ~$14.2B available, ~$16.0B total

–

Federal Reserve ~$26.6B

Holding Company cash at 3/31/15: $2.5B

Cash currently sufficient to satisfy all fixed

obligations in a stressed environment for

more than 18 months (debt maturities,

common and preferred dividends, interest and

other expenses) without accessing capital

markets, relying on future dividends from

subsidiaries, or any other discretionary

actions

Holding company unsecured debt maturities ($MM)

Bank

unsecured

debt

maturities

($MM

–

excl.

Brokered

CDs)

Heavily core funded

Strong liquidity profile

S-T

wholesale

3%

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Interest rate risk management

Well-positioned for rising rates

•

NII benefits from asset re-pricings in a rising rate environment

–

64% of total loans are floating rate (81% of commercial and 39% of consumer)

–

Investment portfolio duration of approximately 4.3 years

–

Short-term wholesale funding represents only about 1.5% of total funding

–

Approximately $12B in non-core funding re-prices beyond one year

•

Interest rate sensitivities are based on conservative deposit assumptions

–

70%

beta

on

all

interest-bearing

deposit

and

sweep

balances

(~50%

betas

experienced

in

2004

–

2006

Fed

tightening

cycle)

–

No modeled re-pricing lag

–

Modeled non-interest bearing commercial DDA runoff of approximately $2.5B (about 10%) for each 100 bps increase in

rates

–

DDA runoff rolls into an interest bearing product with a 100% beta

Change in Interest Rates

+200

bps Shock

Change in Interest Rates

+100

bps Shock

+200

bps Ramp

1.54%

6.80%

(4.00%)

+25 bps Shock

+100

bps Ramp

0.83%

4.26%

-

-25 bps Shock

Betas 25% Higher

Betas 25% Lower

Change in Interest Rates

12

Months

13 to 24

Months

12

Months

Change in Interest Rates

12

Months

13 to 24

Months

12

Months

13 to 24

Months

+200

bps Ramp

1.26%

6.23%

1.82%

+200

bps Ramp

(1.54%)

0.47%

4.62%

13.12%

+100

bps Ramp

0.69%

3.98%

0.97%

+100

bps Ramp

(0.67%)

1.29%

2.32%

7.24%

4.55%

0.11%

$1B Balance Increase

13 to 24

Months

7.36%

ESTIMATED NII SENSITIVITY with DEMAND DEPOSIT BALANCE CHANGES

Percent Change in NII (FTE)

$1B Balance Decline

ESTIMATED NII SENSITIVITY PROFILE

ESTIMATED EVE SENSITIVITY PROFILE

Percent Change in NII (FTE)

12

Months

13 to 24

Months

12

Months

Percent Change in

NII (FTE)

ESTIMATED NII SENSITIVITY with DEPOSIT BETA CHANGES

ALCO Policy Limit

13 to 24

Months

(6.00%)

-

ALCO Policy Limit

(12.00%)

Change in EVE

(3.85%)

(1.33%)

(0.20%)

Note: In ramp scenarios, rate changes occur evenly over the first four quarters. Estimated results as of 1Q15, actual results may vary from these simulated results due to 

differences between forecasted and actual balance sheet composition, timing, magnitude, and frequency of interest rate changes, as well as changes in market conditions and

management strategies. Repricing percentage or “beta” is the estimated change in yield over 12 months as a result of a shock or ramp 100 bps parallel shift in the yield curve.

15

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Third

Bank

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Reserved

NPL rollforward

NPL HFI Rollforward

Commercial

1Q14

2Q14

3Q14

4Q14

1Q15

458

464

396

385

367

Transfers to nonperforming

164

141

116

99

80

Transfers to performing

(3)

(67)

-

(1)

(1)

Transfers from held for sale

-

-

-

-

-

Transfers to held for sale

-

(1)

(3)

-

-

Loans sold from portfolio

(2)

(24)

(12)

(5)

(5)

Loan paydowns/payoffs

(43)

(54)

(39)

(45)

(62)

Transfers to other real estate owned

(7)

(18)

(9)

(7)

(9)

Charge-offs

(105)

(46)

(66)

(62)

(45)

Draws/other extensions of credit

2

1

2

3

-

464

396

385

367

325

Consumer

1Q14

2Q14

3Q14

4Q14

1Q15

293

269

244

235

212

Transfers to nonperforming

93

85

90

86

54

Transfers to performing

(50)

(44)

(40)

(33)

(23)

Transfers from held for sale

-

-

-

-

5

Transfers to held for sale

-

-

-

(24)

-

Loans sold from portfolio

-

-

-

-

-

Loan paydowns/payoffs

(29)

(11)

(5)

(5)

(8)

Transfers to OREO/other repossessed property

(24)

(24)

(21)

(20)

(17)

Charge-offs

(15)

(30)

(33)

(27)

(22)

Draws/other extensions of credit

1

(1)

-

-

-

269

244

235

212

201

Total NPL

733

640

620

579

526

Total new nonaccrual loans - HFI

257

226

206

185

134

Beginning NPL amount

Ending Commercial NPL

Beginning NPL amount

Ending Consumer NPL

16

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Commercial & industrial

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial & industrial loans represented 46% of total loans

and 42% of net charge-offs

•

C&I loans were up 3% sequentially and up 4% since 1Q14

* Excludes loans held-for-sale.

($ in millions)

1Q14

2Q14

3Q14

4Q14

1Q15

EOP Balance*

$40,591

$41,299

$41,072

$40,765

$42,052

Avg Loans*

$40,377

$41,374

$41,477

$41,277

$41,426

90+ days delinquent

$1

-

-

-

$2

as % of loans

NM

NM

NM

NM

NM

NPAs*

$304

$265

$278

$246

$216

as % of loans

0.75%

0.64%

0.68%

0.60%

0.58%

Net charge-offs

$97

$31

$50

$44

$38

as % of loans

0.97%

0.30%

0.48%

0.43%

0.38%

C&I

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Commercial real estate

Loans by geography

Credit trends

Loans by industry

Comments

•

Commercial mortgage loans represented 8% of total loans

—

Non-owner occupied 1Q15 NCO ratio of (0.2%)

—

Loans from FL/MI represented 34% of portfolio loans

and $1MM of portfolio losses in 1Q15

•

Commercial construction loans represented 2% of total loans

—

Portfolio focused on large professional developers

—

Top 3 categories:  Apartments, office and REIT

* Excludes loans held-for-sale.

($ in millions)

1Q14

2Q14

3Q14

4Q14

1Q15

EOP Balance*

$7,958

$7,805

$7,564

$7,399

$7,209

Avg Loans*

$7,981

$7,885

$7,633

$7,480

$7,241

NPAs*

$240

$212

$186

$195

$186

as % of loans

2.98%

2.69%

2.43%

2.62%

2.56%

Net charge-offs

$3

$9

$5

$10

$1

as % of loans

0.16%

0.44%

0.24%

0.53%

0.05%

Commercial mortgage

($ in millions)

1Q14

2Q14

3Q14

4Q14

1Q15

EOP Balance*

$1,218

$1,424

$1,702

$2,069

$2,302

Avg Loans*

$1,116

$1,362

$1,563

$1,909

$2,197

NPAs*

$46

$31

$19

$16

$16

as % of loans

3.68%

2.17%

1.09%

0.75%

0.67%

Net charge-offs

$5

$8

-

-

-

as % of loans

1.66%

2.26%

(0.11%)

(0.01%)

(0.06%)

Commercial construction

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Residential

mortgage

1

st

liens:

100%;

weighted

average

LTV:

72.9%

Weighted average origination FICO: 756

Origination FICO distribution:  <660 5%; 660-689 5%; 690-719 9%;

720-749 14%; 750+ 61%; Other^ 6%

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

Origination LTV distribution: <=70 39%; 70.1-80 35%; 80.1-90 7%;

90.1-95 5%; >95 14%

Vintage distribution: 2015: 5%, 2014: 18%, 2013: 20%; 2012 19%;

2011 12%; 2010 6%; 2009 4%; 2008 3%; 2007 3%; 2006 2%; 2005

4%; 2004 and prior 4%

14%

originated

through

3

rd

party;

performance

similar

to

direct

Loans by geography

Credit trends

Portfolio details

Comments

^ Includes acquired loans where FICO at origination is not available

* Excludes loans held-for-sale

•

Residential

mortgage

loans

represented

14%

of

total

loans

and

7%

of

net

charge-offs

•

Net charge-offs decreased by $1MM sequentially excluding

$87MM in 4Q14 related to the transfer of TDRs to held-for-sale

—

MI, IL, and IN account for 34%, 18%, and 14% of

residential mortgage net charge-offs, respectively

($ in millions)

1Q14

2Q14

3Q14

4Q14

1Q15

EOP Balance*

$12,626

$12,652

$12,941

$12,389

$12,569

Avg Loans*

$12,659

$12,611

$12,785

$13,046

$12,433

90+ days delinquent

$56

$60

$57

$56

$48

as % of loans

0.44%

0.47%

0.44%

0.44%

0.38%

NPAs*

$201

$172

$164

$126

$113

as % of loans

1.59%

1.36%

1.27%

1.01%

0.91%

Net charge-offs

$15

$8

$9

$94

$6

as % of loans

0.49%

0.24%

0.28%

2.87%

0.19%

Residential mortgage

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Home equity loans represented 10% of total loans and 15% of net

charge-offs

Approximately 12% of portfolio in broker product generated 20% total

loss

38%

of

Fifth

Third

2

nd

liens

are

behind

Fifth

Third

1

st

liens

2005/2006 vintages represent approximately 23% of portfolio; account

for 37% of losses

Home equity

1

st

liens:

35%;

2

nd

liens:

65%

Weighted average origination FICO: 753

Origination FICO distribution^: <660 3%; 660-689 7%; 690-719 12%;

720-749 16%; 750+ 54%; Other 8%

Average CLTV: 72%; Origination CLTV distribution: <=70 41%; 70.1-

80 24%; 80.1-90 18%; 90.1-95 6%; >95 11%

Vintage distribution: 2015: 1%; 2014: 8%, 2013: 6%; 2012 4%; 2011

3%; 2010 2%; 2009 3%; 2008 9%; 2007 9%; 2006 12%; 2005 11%; 2004

and prior 32%

% through broker channels: 12% WA FICO: 734 brokered, 756 direct;

WA CLTV: 88% brokered; 70% direct

Portfolio details

Comments

Brokered loans by geography

Direct loans by geography

Credit trends

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

* Excludes loans held-for-sale

($ in millions)

1Q14

2Q14

3Q14

4Q14

1Q15

EOP Balance*

$7,970

$7,925

$7,893

$7,824

$7,686

90+ days delinquent

-

-

-

-

-

as % of loans

NM

NM

NM

NM

NM

Net charge-offs

$11

$11

$10

$8

$11

as % of loans

0.55%

0.58%

0.51%

0.42%

0.59%

Home equity - direct

($ in millions)

1Q14

2Q14

3Q14

4Q14

1Q15

EOP Balance*

$1,155

$1,131

$1,094

$1,062

$1,028

90+ days delinquent

-

-

-

-

-

as % of loans

NM

NM

NM

NM

NM

Net charge-offs

$5

$7

$4

$3

$3

as % of loans

1.85%

2.35%

1.42%

1.05%

1.11%

Home equity - brokered

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Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

March

December

September

June

March

2015

2014

2014

2014

2014

Income before income taxes (U.S. GAAP)

515

519

464

606

438

Add:

Provision expense (U.S. GAAP)

69

99

71

76

69

Pre-provision net revenue

584

618

535

682

507

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

367

362

328

416

309

Add:

Intangible amortization, net of tax

-

1

1

1

1

Tangible net income available to common shareholders

367

363

329

417

310

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

1,488

1,440

1,305

1,673

1,257

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

15,820

15,644

15,486

15,157

14,862

Less:

Average preferred stock

(1,331)

(1,331)

(1,331)

(1,119)

(1,034)

Average goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,416)

Average intangible assets and other servicing rights

(15)

(17)

(16)

(17)

(19)

Average tangible common equity (b)

12,058

11,880

11,723

11,605

11,393

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

15,885

15,626

15,404

15,469

14,826

Less: 

Preferred stock

(1,331)

(1,331)

(1,331)

(1,331)

(1,034)

Goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,416)

Intangible assets and other servicing rights

(15)

(16)

(16)

(17)

(18)

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

12,123

11,863

11,641

11,705

11,358

Less: Accumulated other comprehensive income

(588)

(429)

(301)

(382)

(196)

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

11,535

11,434

11,340

11,323

11,162

Total assets (U.S. GAAP)

140,499

138,706

134,188

132,562

129,654

Less: 

Goodwill

(2,416)

(2,416)

(2,416)

(2,416)

(2,416)

Intangible assets and other servicing rights

(15)

(16)

(16)

(17)

(18)

Tangible assets, including unrealized gains / losses (e)

138,068

136,274

131,756

130,129

127,220

Less: Accumulated other comprehensive income / loss, before tax

(905)

(660)

(463)

(588)

(302)

Tangible assets, excluding unrealized gains / losses (f)

137,163

135,614

131,293

129,541

126,918

Common shares outstanding (g)

815

824

834

844

848

Ratios:

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

12.3%

12.1%

11.1%

14.4%

11.0%

Tangible common equity (excluding unrealized gains/losses) (d) /

(f)

8.41%

8.43%

8.64%

8.74%

8.79%

Tangible common equity (including unrealized gains/losses) (c) /

(e)

8.78%

8.71%

8.84%

9.00%

8.93%

Tangible book value per share (c) / (g)

$14.87

$14.40

$13.95

$13.86

$13.40

For the Three Months Ended

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Third

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Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

March

December

September

June

March

2015

2014

2014

2014

2014

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

N/A

15,626

15,404

15,469

14,826

Goodwill and certain other intangibles

N/A

(2,476)

(2,484)

(2,484)

(2,490)

Unrealized gains

N/A

(429)

(301)

(382)

(196)

Qualifying trust preferred securities

N/A

60

60

60

60

Other

N/A

(17)

(18)

(19)

(18)

Tier I capital

N/A

12,764

12,661

12,644

12,182

Less:

Preferred stock

N/A

(1,331)

(1,331)

(1,331)

(1,034)

Qualifying trust preferred securities

N/A

(60)

(60)

(60)

(60)

Qualifying noncontrolling interest in consolidated subsidiaries

N/A

(1)

(1)

(1)

(1)

Tier I common equity (a)

N/A

11,372

11,269

11,252

11,087

Risk-weighted assets, determined in accordance with

Basel III

prescribed regulatory requirements (b)

120,248

117,878

116,917

117,117

116,622

Ratio:

Tier I common equity (a) / (b)

N/A

9.65%

9.64%

9.61%

9.51%

Basel III -

Estimated Tier 1 common equity ratio

March

December

September

June

March

2015

(3)

2014

2014

2014

2014

Tier 1 common equity (Basel I)

N/A

11,372

11,269

11,252

11,087

Add:

Adjustment related to capital components

N/A

84

99

96

99

Estimated Tier 1 common equity under final Basel III rules without AOCI (opt out)(1)

N/A

11,456

11,368

11,348

11,186

Estimated risk-weighted assets under final Basel III rules (2)

N/A

122,018

122,219

122,465

122,659

Estimated

Tier

1

common

equity

ratio

under

final

Basel

III

rules

(opt

out)

(1)

/

(2)

N/A

9.39%

9.38%

9.27%

9.12%

(1)

(2)

(3)

The Bancop became subject to the Basel III Final Rule, on January 1, 2015. This codified in the federal banking regulations the risk-based capital ratios the Bancorp is now subject to, as such these ratios are no longer considered Non-

GAAP measures.

Fifth Third will make a one-time permanent election to not include AOCI in common equity tier I capital in the March 31, 2015 FFIEC 031 and Y-9C filings.

Key differences under Basel III in the calculation of risk-weighted assets compared to Basel I include: (1) Risk weighting for commitments under 1 year; (2) Higher risk weighting for exposures to securitizations, past due loans, foreign banks

and certain commercial real estate; (3) Higher risk weighting for mortgage servicing rights and deferred tax assets that are under certain thresholds as a percent of Tier 1 capital; and (4) Derivatives are differentiated between exchange

clearing and over-the-counter and the 50% risk-weight cap is removed.

For the Three Months Ended

Basel I