 2Q17 Earnings Presentation July 21, 2017 Refer to earnings release dated July 21, 2017 for further information. Exhibit 99.2 |
 2 © Fifth Third Bancorp | All Rights Reserved Cautionary statement This presentation 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,” “anticipates,” “potential,” “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 as updated from time to time by our Quarterly Reports on Form 10-Q. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements we may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to us. There is a risk that additional information may become known during the company’s quarterly closing process or as a result of subsequent events that could affect the accuracy of the statements and financial information contained herein. 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 or real estate market conditions, either nationally or in the states in which Fifth Third, one or more acquired entities and/or the combined company do business, weaken or 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) changes in customer preferences or information technology systems; (12) effects of critical accounting policies and judgments; (13) changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board (FASB) or other regulatory agencies; (14) 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; (15) ability to maintain favorable ratings from rating agencies; (16) failure of models or risk management systems or controls; (17) fluctuation of Fifth Third’s stock price; (18) ability to attract and retain key personnel; (19) ability to receive dividends from its subsidiaries; (20) potentially dilutive effect of future acquisitions on current shareholders’ ownership of Fifth Third; (21) declines in the value of Fifth Third’s goodwill or other intangible assets; (22) effects of accounting or financial results of one or more acquired entities; (23) difficulties from Fifth Third’s investment in, relationship with, and nature of the operations of Vantiv Holding, LLC; (24) loss of income from any sale or potential sale of businesses (25) difficulties in separating the operations of any branches or other assets divested; (26) losses or adverse impacts on the carrying values of branches and long-lived assets in connection with their sales or anticipated sales; (27) inability to achieve expected benefits from branch consolidations and planned sales within desired timeframes, if at all; (28) ability to secure confidential information and deliver products and services through the use of computer systems and telecommunications networks; and (29) 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. In this presentation, we may sometimes provide non-GAAP financial information. Please note that although non-GAAP financial measures provide useful insight to analysts, investors and regulators, they should not be considered in isolation or relied upon as a substitute for analysis using GAAP measures. We provide GAAP reconciliations for non- GAAP measures in a later slide in this presentation as well as in our earnings release, both of which are available in the investor relations section of our website, www.53.com. Management has provided forward-looking guidance on certain non-GAAP measures in connection with this presentation in order to facilitate comparability with the Bancorp’s historical performance and financial condition as reflected in these non-GAAP measures. Such forward-looking non-GAAP measures include return on tangible common equity; net interest margin (FTE); net interest income (FTE); and adjusted noninterest income, excluding certain transactions and adjustments related to the Bancorp’s investment in Vantiv, Visa total return swap, and branch sales, closures and consolidations. Bancorp’s management does not estimate on a forward-looking basis the impact of items similar to those that it has excluded to generate these non-GAAP measures on a historical basis because the occurrence and amounts of items such as these are difficult to predict. As a result, the Bancorp has not provided reconciliations of its forward-looking non-GAAP measures. |
 3 © Fifth Third Bancorp | All Rights Reserved • Net interest income up $18 million versus adjusted Q1 NII¹, and up $37 million year-over-year • NIM up 3 bps versus adjusted Q1 NIM¹, and up 13 bps year-over-year • Tightly-managed noninterest expenses; down 3% sequentially and down 3% year-over-year • Solid credit performance • CCAR non-objection, including substantial dividend and repurchase increases from previous cycle (~120% payout ³ ) • Executing on North Star plans 2Q17 highlights 1 Non-GAAP measure: See Reg G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release 2 See page 4 of the presentation for impact of certain items 3 based on consensus earnings estimates as of 7/20/2017 Diluted Earnings Per Share $0.45 Included $0.01 negative impact from a certain item ² Net Income to Common $344 million ROA 1.05% ROTCE¹ 10.7% |
 4 © Fifth Third Bancorp | All Rights Reserved Pre-tax item included in 2Q17 results had a negative $0.01 EPS impact: – A $9 million pre-tax (~$6 million after-tax)² charge related to the valuation of the Visa total return swap Credit trends – NCO ratio of 28 bps, down 12 bps sequentially and down 9 bps year- over-year – Portfolio NPA ratio of 72 bps, down 7 bps sequentially and down 14 bps year-over-year Noninterest expense down 3% sequentially and down 3% year-over-year 2Q17 in review 1 Non-GAAP measure: See Reg G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release 2 Assumes a 35% tax rate ($ in millions) 2Q17 Seq. YOY Average Balances Total loans & leases (ex. HFS) $91,972 - (2%) Core deposits $99,570 (1%) 1% Income Statement Data Net interest income (FTE) 1 945 1% 4% Provision for loan & lease losses 52 (30%) (43%) Noninterest income 564 8% (6%) Noninterest expense 957 (3%) (3%) Net income attributable to Bancorp $367 20% 12% Net income available to common shareholders $344 19% 13% Financial Ratios Earnings per share, diluted $0.45 18% 15% Net interest margin (FTE) 1 3.01% (1bp) 13bps Efficiency ratio (FTE) 1 63.4% (400bps) (190bps) Return on average assets 1.05% 17bps 13bps Return on average common equity 9.0% 120bps 100bps Return on average tangible common equity 1 10.7% 140bps 110bps Tangible book value per share 1 $17.11 1% 1% |
 5 © Fifth Third Bancorp | All Rights Reserved FY: ~1% commercial loan growth (EOP), including impact of $600 million of remaining exits FY: Low to mid-single digit consumer & mortgage loan growth (EOP), excluding auto balances Current Outlook: Avg +1% YoY Balance sheet Loan & lease balances 1 ($ billions) • Transaction deposits down 1% vs. 1Q17; up 1% YoY, driven by increased: – Interest checking – Consumer money market • Average loan-to-core deposit ratio of 92% • Modified LCR of 122% at 2Q17 Core deposit balances 1 ($ billions) Securities and short-term investments 1 ($ billions) • Average securities up $2.1B YoY driven by: – Opportunistically deployed cash over last three quarters at more attractive entry points than those experienced prior to the U.S. presidential election • Securities portfolio / total assets of 22.9% compared to 21.1% in 2Q16 All balances are on an average basis; loan balances exclude HFS • Commercial flat vs. 1Q17; down 2% YoY – Commercial up 1% vs. 1Q17 and up 3% YoY excl. deliberate exits – C&I down 1% vs. 1Q17 and 5% YoY – CRE up 2% vs. 1Q17 and 7% YoY • Consumer down 1% vs. 1Q17; down 2% YoY – Consumer flat vs.1Q17 and up 4% YoY excl. auto – Auto down 4% vs. 1Q17 and 14% YoY – HE down 3% vs. 1Q17 and 8% YoY – Mortgage up 1% vs. 1Q17 and 10% YoY Transaction Other time Loan-to-core deposit ratio Short-term investments Average securities 1 $30.1 $29.8 $30.8 $31.9 $32.2 $32.1 $31.7 $32.6 $33.2 $33.5 2Q16 3Q16 4Q16 1Q17 2Q17 $94.9 $94.9 $97.0 $97.0 $95.8 $99.0 $98.9 $100.9 $100.8 $99.6 95% 95% 92% 91% 92% 2Q16 3Q16 4Q16 1Q17 2Q17 2Q16 3Q16 4Q16 1Q17 2Q17 |
  6 © Fifth Third Bancorp | All Rights Reserved Net interest income 1 Non-GAAP measure: See Reg G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release • NII & NIM performance vs. prior year NII & NIM driven by: Improved short-term market rates • NII up $37 million • NIM up 13 bps 2Q17 vs. 1Q17 2Q17 vs. 2Q16 • NII & NIM performance vs. prior quarter adjusted 1 NII & NIM driven by: Improved short-term market rates Loan pricing discipline Day count (+$6mm, -1 bp) • NII up $18 million and NIM up 3 bps FY: NII (FTE) up 5%; NIM in-line with 2Q17 Q3: NII (FTE) up 2% sequentially; NIM up ~2 bps sequentially Current Outlook 1 : $908 $913 $909 $927 $945 2.88% 2.88% 2.86% 3.02% 3.01% 2.91% 2.98% 2Q16 3Q16 4Q16 1Q17 2Q17 NII and NIM (FTE) 1 ($ millions) NII Adjusted NII NIM Adjusted NIM $925 $939 |
  7 Fifth Third Bancorp | All Rights Reserved • Adjusted noninterest income down $31 million, or 5%, driven by: - Lower capital markets revenue compared to record quarter last year - Lower mortgage banking net revenue FY adjusted: up 2%, excluding mortgage Q3 adjusted: up 2%, excluding mortgage Noninterest income • Adjusted noninterest income up $35 million, or 7%, driven by: - Q1 lease remarketing impairment - Higher mortgage banking net revenue 2Q17 vs. 1Q17 2Q17 vs. 2Q16 Current Outlook 1,2 : $599 $840 $620 $523 $564 $602 $596 $608 $536 $571 2Q16 3Q16 4Q16 1Q17 2Q17 Noninterest income ($ millions) Noninterest Income Adjusted Noninterest Income 1 1 1 1 Non-GAAP measure: See Reg G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release 2 2016 excludes all items shown on page 23 of this presentation as well as Q1 2016 items shown in the prior quarter earnings presentation Reg G reconciliation, and excludes all mortgage banking net revenue (resulting in $2.1BN); Q2 2017 excludes all items shown on page 23 of this presentation, and excludes all mortgage banking net revenue (resulting in $516 million). |
  © Fifth Third Bancorp | All Rights Reserved 8 Noninterest expense 1 Non-GAAP measure: See Reg G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release FY: flat, including incremental North Star expenses Q3: up ~1% from 3Q16 • Noninterest expense down 3%, driven by: Diligent expense management throughout the bank Seasonally higher comp-related expenses in 1Q17 2Q17 vs. 1Q17 2Q17 vs. 2Q16 • Noninterest expense down 3%, driven by: Diligent expense management throughout the bank, with improvement in all categories Current Outlook: $983 $973 $960 $986 $957 $974 $970 $955 $986 $957 2Q16 3Q16 4Q16 1Q17 2Q17 Noninterest expense ($ millions) Noninterest Expense Adjusted Noninterest Expense 1 – – – |
 • 2Q17 net charge-offs of 0.28%, down 12 bps from 1Q17 and down 9 bps from 2Q16 • 2Q17 portfolio NPAs down $59MM from 1Q17 and $143MM from 2Q16 • 2Q17 criticized assets at 5.50% of commercial loans, lowest in over 10 years • 2Q17 allowance for loan & lease losses of 1.34%, down 1 bp sequentially Credit quality overview NCOs range-bound with potential quarterly variability Provision reflective of loan growth Current Outlook: 9 © Fifth Third Bancorp | All Rights Reserved |
 © Fifth Third Bancorp | All Rights Reserved 10 Strong capital and liquidity position 1 Current period regulatory capital & liquidity ratios are estimated CET1 strong at 10.63%, down 13 bps sequentially; up 69 bps from 2Q16 CCAR 2017 capital plan: 29% increase in common dividend through multiple raises (to $0.16 in 3Q17 and to $0.18 in 2Q18) $1.161 billion in repurchases (including $88 million related to employee benefit plans) Modified LCR of 122% as of June 30, 2017 – – |
 11 Executing on our North Star revenue growth plans Middle Market, Vertical & Specialty Lending Capital Markets Wholesale Payments Personal Lending Mortgage Credit Card Consumer Households Insurance Wealth & Asset Management 2019 4Q annualized Example Projects: • Middle Market Expansion • Asset-based lending • New verticals • FICC client platform upgrade • Sponsor coverage expansion • ECM/DCM expansion • Acquisitions • Organic growth • Commercial card expansion • Expanded capabilities • New client portal • Technology enhancements • Direct personal unsecured offerings • GreenSky partnership • Efficiencies with mortgage loan origination system • Market share capture • Servicing portfolio growth $3 $27 $64 ($4) $31 $56 - ($3) $5 ($5) - $22 $14 $48 $74 ($6) $19 $42 ($2) ($7) $10 ($7) $3 $15 ($6) ($6) $11 ($13) $112 $299 Table above excludes expected pre-tax benefits from baseline and expense initiatives • Analytical enhancements • New product expansion • Direct Marketing • Focus on reduced attrition • Product add-ons with Millennial appeal • Salesforce growth • Acquisitions • Robo investment platform 2018 4Q annualized 2017 4Q annualized ($s in millions, pre-tax) © Fifth Third Bancorp | All Rights Reserved |
 12 Current outlook 1 Non-GAAP measure: See Reg G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release 2 2016 excludes all items shown on page 23 of this presentation as well as Q1 2016 items shown in the prior quarter earnings presentation Reg G reconciliation, and excludes all mortgage banking net revenue (resulting in $2.1BN); Q2 2017 excludes all items shown on page 23 of this presentation, and excludes all mortgage banking net revenue (resulting in $516 million). Note: Previous and current outlook excludes potential, but currently unforecasted, items, such as any potential additional Vantiv gains or losses, future capital actions, or changes in regulatory or accounting guidance Outlook as of July 21, 2017; please see cautionary statement on slide 2 regarding forward-looking statements Total loans & leases (EOP excl. HFS) Net interest income (FTE) 1 Net interest margin (FTE) 1 Noninterest income 1,2 Noninterest expense Effective tax rate Credit items • FY 2017: ~1% commercial loan growth, incl. impact of $600 million of remaining exits in 2017 • FY 2017: Low to mid-single digit consumer & mortgage loan growth, excluding auto balances • FY 2017: Up 5% • Q3 2017: Up 2% sequentially • FY 2017: in-line with 2Q17 • Q3 2017: Up ~2 bps sequentially • FY 2017 adjusted: up 2%, excluding mortgage • Q3 2017 adjusted: up 2%, excluding mortgage mortgage revenue excluded given volatility from significant increase in interest rates at the end of 2016 • FY 2017: flat (including incremental North Star expenses) • Q3 2017: up 1% from 3Q16 • FY 2017: 24.5% - 25.5% range • Q3 2017: 25.5% range assumes no Federal corporate tax rate change • NCOs range-bound with potential quarterly variability • Provision reflective of loan growth © Fifth Third Bancorp | All Rights Reserved |
 13 © Fifth Third Bancorp | All Rights Reserved Appendix |
  14 © Fifth Third Bancorp | All Rights Reserved ($ in millions) 2Q16 3Q16 4Q16 1Q17 2Q17 Net interest income (FTE) $908 $913 $909 $939 $945 Add: Noninterest income 599 840 620 523 564 Less: Noninterest expense 983 973 960 986 957 Pre-provision net revenue $524 $780 $569 $476 $552 Adjustments to remove (benefit) / detriment 2 : In net interest income: Bankcard refunds - - 16 (12) - In noninterest income: Gain on Vantiv warrant actions - - (9) - - Gain from termination and settlement of Vantiv TRA - (280) - - - Gain on sale from the sale of a non-branch facility - (11) - - - Branch and land valuation adjustments - 28 - - - Valuation of 2009 Visa total return swap 50 12 (6) 13 9 Transfer of nonconforming investments under Volcker to HFS - 9 - - - Vantiv warrant valuation (19) 2 - - - Gain on sale of certain branches (11) - - - - Gain on sale of the agented bankcard loan portfolio (11) - - - - Securities (gains) / losses (6) (4) 3 - - Securities (gains), net - non qualifying hedges on mortgage servicing rights - - - - (2) In noninterest expense: Contribution to Fifth Third Foundation - 3 5 - - Retirement eligibility changes 9 - - - - Adjusted PPNR $536 $539 $578 $477 $559 PPNR reconciliation PPNR and efficiency ratio trends 1 1 Non-GAAP measures: See Reg G reconciliation on pages 22 and 23 of this presentation and use of non-GAAP measures on page 32 of the earnings release 2 Prior quarters include similar adjustments • Adjusted PPNR up 17% vs. 1Q17 driven by: – Diligent expense management – NII growth, primarily from market rates – $18MM LTI expense pulled forward to Q1 – Lease remarketing impairment in Q1 • Adjusted PPNR up 4% YoY driven by: – Diligent expense management – NII growth, primarily from market rates – Partially offset by lower mortgage banking net revenue 65.3% 55.5% 62.8% 67.4% 63.4% 64.5% 64.3% 62.3% 67.4% 63.1% 2Q16 3Q16 4Q16 1Q17 2Q17 Efficiency ratio Efficiency Ratio Adjusted Efficiency Ratio $536 $539 $578 $477 $559 2Q16 3Q16 4Q16 1Q17 2Q17 PPNR trend ($ millions) Adjusted PPNR Reported PPNR |
 15 Strong liquidity profile Demand 25% Interest checking 18% Savings/ MMDA 24% Consumer time 3% Foreign Office 0% Non-Core Deposits 2% S-T borrowings 4% Other liabilities 3% Equity 12% L-T debt 9% Heavily core funded as of 06/30/2017 1 Available and contingent borrowing capacity (2Q17): – FHLB ~$8.0B available, ~$13.7B total – Federal Reserve ~$31.6B 1 The $500MM matured in 1Q17 2 The $650MM matured in 2Q17 Holding Company: Modified LCR of 122% Holding Company cash at June 30, 2017: $2.6B Cash currently sufficient to satisfy all fixed obligations in a stressed environment for ~27 months (debt maturities, common and preferred dividends, interest and other expenses) without accessing capital markets, relying on dividends from subsidiaries or any other actions $700MM of 5 year senior notes were issued from the Holding Company in 2Q17 Bank Entity: $650MM of debt matured at the Bank in 2Q17 The Bank did not issue any additional debt in 2Q17 2017 Funding Plans Fifth Third would not be required to replace 2017 debt maturities to maintain our current senior debt ratings under the Moody’s LGF methodology Any additional debt issuance in 2017 would result from general balance sheet management and prudent liquidity risk management S-T wholesale 6% $500 $500 $500 $1,100 $3,012 2017 2018 2019 2020 2021 2022 on Fifth Third Bancorp First Charter Capital Trust Holding company unsecured debt maturities ($ millions) $650 $1,850 $2,600 $2,100 $750 2017 2018 2019 2020 2021 2022 on Bank unsecured debt maturities ($ millions – excl. Retail Brokered & Institutional CDs) 2 1 © Fifth Third Bancorp | All Rights Reserved |
 Balance sheet positioning Commercial Loans 1,2 Investment Portfolio Consumer Loans 1 Data as of 06/30/17 1 Includes HFS Loans & Leases 2 Fifth Third had $4.48B 1ML receive-fix swaps outstanding against C&I loans, which are being included in fixed 3 Fifth Third had $2.96B 3ML receive-fix swaps outstanding against long-term debt, which are being included in floating, long-term debt with swaps outstanding reflected at fair value • Fixed: $14.0B 1, 2 • Float: $42.3B 1, 2 • 1ML based: 70% (of total commercial) • 3ML based: 8% (of total commercial) • Prime based: 4% (of total commercial) • Weighted avg. life: 1.65 years • 50% allocation to bullet/locked-out cash flow securities • Investment portfolio yield: 3.05% • Duration: 4.9 years • Net unrealized pre-tax gain: $331MM • 97% AFS • Fixed: $25.5B 1 • Float: $10.4B 1 • 12ML based: 10% (of total consumer) • Prime based: 23% (of total consumer) • Weighted avg. life: 3.76 years • Auto weighted avg. life: 1.39 years Long-term Debt 3 Key Characteristics Balance Sheet Mix Fixed vs. Floating Level 1 100% Fix / 0% Float Level 2A 100% Fix / 0% Float Non-HQLA /Other 76% Fix / 24% Float C&I 20% Fix / 80% Float Commercial Mortgage 22% Fix / 78% Float 4% Fix / 96% Float Commercial Construction 100% Fix / 0% Float Commercial Lease Resi Mtg & Construction 91% Fix / 9% Float Auto 99% Fix / 1% Float 10% Fix / 90% Float Home Equity 30% Fix / 70% Float Credit Card 23% Fix / 77% Float Other • Fixed: $9.9B 3 • Float: $3.5B 3 • 1ML based: 0% (of total long term debt) • 3ML based: 26% (of total long term debt) • Weighted avg. life: 4.46 years Senior Debt 76% Fix / 24% Float Sub Debt 64% Fix / 36% Float 100% Fix / 0% Float Auto Securiz. Proceeds 0% Fix / 100% Float TRUPS 100% Fix / 0% Float Other © Fifth Third Bancorp | All Rights Reserved 16 |
 17 Interest rate risk management Data as of 06/30/17 1 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 other changes in market conditions and management strategies. 2 Re-pricing 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 • NII benefits from asset rate reset in a rising rate environment – 56% of total loans are floating rate considering impacts of interest rate swaps (75% of total commercial and 27% of total consumer) – Investment portfolio duration of 4.9 years – Short-term borrowings represent approximately 25% of total wholesale funding, or 4% of total funding – Approximately $11 billion in non-core funding matures beyond one year • Interest rate sensitivity tables 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 $2.5 billion (about 10%) for each 100 bps increase in rates – DDA runoff rolls into an interest bearing product with a 100% beta Estimated NII Sensitivity Profile and ALCO Policy Limits Estimated EVE Sensitivity Profile and ALCO Policy Limits % Change in NII (FTE) ALCO Policy Limits Change in EVE Change in Interest Rates (bps) ALCO Policy Limit 12 Months 13-24 Months 12 Months 13-24 Months +200 Shock (4.85%) (12.00%) Change in Interest Rates (bps) +100 Shock (1.87%) - +200 Ramp over 12 months 1.90% 5.85% (4.00%) (6.00%) +25 Shock (0.30%) - +100 Ramp over 12 months 1.13% 3.74% - - -100 Shock (1.31%) - -50 Ramp over 6 months (4.04%) (7.51%) (6.00%) (8.00%) Estimated NII Sensitivity with Demand Deposit Balance Changes Estimated NII Sensivity with Deposit Beta Changes % Change in NII (FTE) % Change in NII (FTE) $1B Balance Decrease $1B Balance Increase Betas 25% Higher Betas 25% Lower Change in Interest Rates (bps) 12 Months 13-24 Months 12 Months 13-24 Months Change in Interest Rates (bps) 12 Months 13-24 Months 12 Months 13-24 Months +200 Ramp over 12 months 1.65% 6.46% 2.16% 7.49% +200 Ramp over 12 months (0.99%) 1.19% 4.80% 12.76% +100 Ramp over 12 months 1.07% 4.12% 1.33% 4.63% +100 Ramp over 12 months (0.24%) 1.48% 2.65% 7.27% © Fifth Third Bancorp | All Rights Reserved |
 18 Fifth Third Bancorp | All Rights Reserved Mortgage banking results • $2.3B in originations, up 17% sequentially and down 16% YoY; 70% purchase volume • 2Q17 mortgage banking drivers: – Origination fees and gain on sale revenue up $8MM, or 28%, sequentially – Gain on sale margin up 11 bps sequentially – Net MSR valuation adjustments of negative $1MM; servicing rights amortization/decay of $30MM – $49MM in gross servicing fees • YoY decline in mortgage banking revenue driven primarily by lower origination fees and gains on loan sales • $10 billion in YTD MSR purchases ($7.6 billion to be on-boarded in the third quarter of 2017) 1 Gain-on-sale margin represents gains on all loans originated for sale $1.70 $1.79 $1.66 $1.25 $1.49 $1.05 $1.09 $1.06 $0.68 $0.77 2.62% 3.01% 1.69% 1.98% 2.09% 2Q16 3Q16 4Q16 1Q17 2Q17 Originations for sale Originations HFI Margin Mortgage originations and gain-on-sale margins¹ ($ billions) 54 61 30 29 37 50 49 48 47 49 (35) (35) (35) (27) (30) 6 (9) 22 3 (1) 2Q16 3Q16 4Q16 1Q17 2Q17 Mortgage banking revenue ($ millions) Net MSR valuation adjustments MSR amortization/decay Gross servicing fees Orig fees and gains on loan sales |
 19 Fifth Third Bancorp | All Rights Reserved Limited higher-risk retail exposure • ~33% to regional malls • ~82% A/B properties • ~43% underlying to large box/general retailer • Stringent customer selection and large diversified portfolios that are conservatively leveraged • Actively managing with monthly reviews • ~98% of Specialty & general C&I balances are ABL or investment grade; ~2% of balances are criticized • ~19% of CRE balances are investment grade; ~1% of balances are criticized • Retail C&I general and specialty retailers: WA ABL borrowing base of ~85% $769MM CRE $1.9BN Specialty & general C&I Total Loans & Leases $92.3BN • $1.51BN: specialty retailers • $365MM: general retailers $385MM REIT Portfolio Composition: Additional Metrics: • $584MM: mortgage • $185MM: construction • ~90% to non-clothing and non-electronic stores • ~3% to mall anchors • $385MM in balances to REITs with retail-heavy focus (subset of $1.3BN total REIT portfolio, targeting malls, strip centers, lifestyle centers, etc. as their primary investment vehicles) • 11 well-diversified REITs to well-known borrowers • ~33% to mall REITs 1 End of period total loans & leases including HFS as of 6/30/2017 2 In addition to C&I loans to specialty and general retailers, Retail Trade NAICS industry classification also includes $2.2BN in C&I loans to grocery & drug, gas stations & convenience, and motor vehicle parts borrowers Higher-risk retail 1 2 3% $3.1BN |
 20 Fifth Third Bancorp | All Rights Reserved NPL rollforward NPL HFI Rollforward Commercial 2Q16 3Q16 4Q16 1Q17 2Q17 543 $ 539 $ 460 $ 523 $ 523 $ Transfers to nonaccrual status 104 145 161 128 84 Transfers to accrual status (6) - (4) - (13) Transfers from held for sale - - - - - Transfers to held for sale - (36) (3) (3) (1) Loans sold from portfolio (2) (3) - - (9) Loan paydowns/payoffs (52) (112) (53) (80) (69) Transfers to OREO (3) (1) (3) (2) - Charge-offs (51) (81) (40) (46) (41) Draws/other extensions of credit 6 9 5 3 11 539 $ 460 $ 523 $ 523 $ 485 $ Consumer 2Q16 3Q16 4Q16 1Q17 2Q17 158 $ 154 $ 141 $ 137 $ 134 $ Transfers to nonaccrual status 56 45 44 42 43 Transfers to accrual status (31) (28) (21) (19) (19) Transfers from held for sale - - - - - Transfers to held for sale - - - - - Loans sold from portfolio - - - - - Loan paydowns/payoffs (11) (10) (8) (10) (13) Transfers to OREO (7) (7) (5) (4) (4) Charge-offs (11) (13) (14) (12) (12) Draws/other extensions of credit - - - - - 154 $ 141 $ 137 $ 134 $ 129 $ Total NPL 693 $ 601 $ 660 $ 657 $ 614 $ Total new nonaccrual loans - HFI 160 $ 190 $ 205 $ 170 $ 127 $ Beginning NPL amount Ending Commercial NPL Beginning NPL amount Ending Consumer NPL |
 21 © Fifth Third Bancorp | All Rights Reserved Residential Mortgage Commercial & Industrial Home Equity & Automobile Commercial Real Estate *Excludes loans held-for-sale Credit trends ($ in millions) 2Q16 3Q16 4Q16 1Q17 2Q17 EOP Balance* $43,558 $42,727 $41,676 $41,074 $40,914 Avg Balance* $43,876 $43,116 $42,548 $41,854 $41,601 90+ days delinquent $2 $7 $4 $3 $3 as % of loans NM 0.02% 0.01% 0.01% 0.01% NPAs* $477 $419 $488 $490 $452 as % of loans 1.10% 0.98% 1.17% 1.19% 1.10% Net charge-offs $39 $61 $25 $36 $18 as % of loans 0.36% 0.56% 0.24% 0.34% 0.17% C&I ($ in millions) 2Q16 3Q16 4Q16 1Q17 2Q17 EOP Balance* $14,307 $14,643 $15,051 $15,336 $15,460 Avg Balance* $14,046 $14,455 $14,854 $15,200 $15,417 90+ days delinquent $38 $43 $49 $45 $45 as % of loans 0.27% 0.29% 0.33% 0.29% 0.29% NPAs* $69 $58 $53 $48 $42 as % of loans 0.48% 0.40% 0.35% 0.31% 0.27% Net charge-offs $2 $2 $2 $5 $2 as % of loans 0.06% 0.07% 0.06% 0.13% 0.04% Residential mortgage ($ in millions) 2Q16 3Q16 4Q16 1Q17 2Q17 EOP Balance* $6,875 $6,856 $6,899 $6,924 $6,868 Avg Balance* $6,831 $6,888 $6,957 $6,941 $6,845 NPAs* $114 $86 $72 $64 $56 as % of loans 1.66% 1.25% 1.04% 0.92% 0.82% Net charge-offs $6 $2 $2 $5 $5 as % of loans 0.38% 0.08% 0.11% 0.29% 0.33% Commercial mortgage ($ in millions) 2Q16 3Q16 4Q16 1Q17 2Q17 EOP Balance* $3,706 $3,905 $3,903 $4,283 $4,366 Avg Balance* $3,551 $3,848 $3,890 $3,987 $4,306 NPAs* $7 $5 - - - as % of loans 0.19% 0.13% NM NM NM Net charge-offs - - - - - as % of loans (0.00%) (0.00%) 0.00% (0.00%) (0.00%) Commercial construction ($ in millions) 2Q16 3Q16 4Q16 1Q17 2Q17 EOP Balance* $7,988 $7,864 $7,695 $7,469 $7,301 Avg Balance* $8,054 $7,918 $7,779 $7,581 $7,385 90+ days delinquent - - - - - as % of loans NM NM NM NM NM Net charge-offs $6 $7 $6 $6 $5 as % of loans 0.30% 0.32% 0.35% 0.33% 0.27% Home equity ($ in millions) 2Q16 3Q16 4Q16 1Q17 2Q17 EOP Balance* $10,671 $10,349 $9,983 $9,572 $9,318 Avg Balance* $10,887 $10,508 $10,162 $9,786 $9,410 90+ days delinquent $7 $8 $9 $6 $7 as % of loans 0.07% 0.08% 0.09% 0.06% 0.08% Net charge-offs $8 $9 $11 $11 $6 as % of loans 0.26% 0.35% 0.40% 0.48% 0.27% Automobile |
 22 © Fifth Third Bancorp | All Rights Reserved Regulation G non-GAAP reconciliation See page 32 of the earnings release for a discussion on the use of non-GAAP financial measures Fifth Third Bancorp and Subsidiaries Regulation G Non-GAAP Reconciliation $ and shares in millions (unaudited) June March December September June 2017 2017 2016 2016 2016 Net income available to common shareholders (U.S. GAAP) $344 $290 $372 $501 $305 Add: Intangible amortization, net of tax - - - - - Tangible net income available to common shareholders $344 $290 $372 $501 $305 Tangible net income available to common shareholders (annualized) (a) $1,380 $1,176 $1,480 $1,993 $1,227 Average Bancorp shareholders' equity (U.S. GAAP) $16,615 $16,429 $16,545 $16,883 $16,584 Less: Average preferred stock (1,331) (1,331) (1,331) (1,331) (1,331) Average goodwill (2,424) (2,416) (2,416) (2,416) (2,416) Average intangible assets and other servicing rights (18) (10) (10) (10) (11) Average tangible common equity (b) $12,842 $12,672 $12,788 $13,126 $12,826 Total Bancorp shareholders' equity (U.S. GAAP) $16,419 $16,430 $16,205 $16,776 $16,726 Less: Preferred stock (1,331) (1,331) (1,331) (1,331) (1,331) Goodwill (2,423) (2,419) (2,416) (2,416) (2,416) Intangible assets and other servicing rights (18) (11) (10) (10) (11) Tangible common equity, including unrealized gains / losses (c) $12,647 $12,669 $12,448 $13,019 $12,968 Less: Accumulated other comprehensive income (163) (68) (59) (755) (889) Tangible common equity, excluding unrealized gains / losses (d) $12,484 $12,601 $12,389 $12,264 $12,079 Total assets (U.S. GAAP) $141,067 $140,200 $142,177 $143,279 $143,625 Less: Goodwill (2,423) (2,419) (2,416) (2,416) (2,416) Intangible assets and other servicing rights (18) (11) (10) (10) (11) Tangible assets, including unrealized gains / losses (e) $138,626 $137,770 $139,751 $140,853 $141,198 Less: Accumulated other comprehensive income / loss, before tax (251) (105) (91) (1,162) (1,368) Tangible assets, excluding unrealized gains / losses (f) $138,375 $137,665 $139,660 $139,691 $139,830 Common shares outstanding (g) 739 750 750 756 766 Ratios: Return on average tangible common equity (a) / (b) 10.7% 9.3% 11.6% 15.2% 9.6% Tangible common equity (excluding unrealized gains/losses) (d) / (f) 9.02% 9.15% 8.87% 8.78% 8.64% Tangible common equity (including unrealized gains/losses) (c) / (e) 9.12% 9.20% 8.91% 9.24% 9.18% Tangible book value per share (c) / (g) $17.11 $16.89 $16.59 $17.23 $16.93 For the Three Months Ended |
 23 © Fifth Third Bancorp | All Rights Reserved Regulation G non-GAAP reconciliation See page 32 of the earnings release for a discussion on the use of non-GAAP financial measures Fifth Third Bancorp and Subsidiaries Regulation G Non-GAAP Reconciliation $ and shares in millions (unaudited) June March December September June 2017 2017 2016 2016 2016 CET 1 capital (transitional) $12,522 $12,636 $12,426 $12,299 $12,112 Less: Adjustments to CET 1 capital from transitional to fully phased-in (1) (4) (2) (4) (4) (4) CET 1 capital (fully phased-in) (h) 12,518 12,634 12,422 12,295 12,108 Risk-weighted assets (transitional) 117,701 117,407 119,632 120,954 121,824 Add: Adjustments to risk-weighted assets from transitional to fully phased-in (2) 1,274 1,164 1,115 929 932 Risk-weighted assets (fully phased-in) (i) $119,045 $118,571 $120,747 $121,883 $122,756 Estimated CET 1 capital ratio under Basel III Final Rule (fully phased-in) (h) / (i) 10.52% 10.66% 10.29% 10.09% 9.86% (1) Primarily relates to disallowed intangible assets (other than goodwill and MSRs, net of associated deferred tax liabilities) (2) Primarily relates to higher risk-weighting for MSRs Net interest income (U.S. GAAP) $939 $933 $903 $907 $902 Add: FTE Adjustment 6 6 6 6 6 Net interest income (FTE) (j) $945 $939 $909 $913 $908 Net interest income (FTE) (annualized) (k) $3,790 $3,808 $3,616 $3,632 $3,652 Net interest income (FTE) $945 $939 $909 $913 $908 Bankcard refunds / (reversal) - (12) 16 - - Adjusted net interest income (FTE) (l) $945 $927 $925 $913 $908 Adjusted net interest income (FTE) (annualized) (m) $3,790 $3,760 $3,680 $3,632 $3,652 Noninterest income (U.S. GAAP) (n) $564 $523 $620 $840 $599 Gain on Vantiv warrant actions - - (9) - - Vantiv TRA-related transactions - - - (280) - Gain from the sale of a non-branch facility - - - (11) - Branch / land impairment charge - - - 28 - Valuation of 2009 Visa total return swap 9 13 (6) 12 50 Transfer of certain nonconforming investments under Volcker to held-for-sale - - - 9 - Vantiv warrant valuation - - - 2 (19) Gain on sale of certain branches - - - - (11) Gain on sale of the non-strategic agented bankcard loan portfolio - - - - (11) Securities (gains) / losses - - 3 (4) (6) Securities (gains), net - non-qualifying hedges on mortgage servicing rights (2) - - - - Adjusted noninterest income (o) $571 $536 $608 $596 $602 Less: Mortgage banking net revenue (55) (52) (65) (66) (75) Adjusted noninterest income, excluding mortgage banking net revenue $516 $484 $543 $530 $527 Noninterest expense (U.S. GAAP) (p) $957 $986 $960 $973 $983 Contribution for Fifth Third Foundation - - (5) (3) - Adjusted noninterest expense (q) $957 $986 $955 $970 $974 Average interest-earning assets (r) 126,134 125,968 126,548 126,092 126,847 Ratios: Net interest margin (k) / (r) 3.01% 3.02% 2.86% 2.88% 2.88% Adjusted net interest margin (m) / (r) 3.01% 2.98% 2.91% 2.88% 2.88% Efficiency ratio (p) / [(j) + (n)] 63.4% 67.4% 62.8% 55.5% 65.3% Adjusted efficiency ratio (q) / [(l) + (o)] 63.1% 67.4% 62.3% 64.3% 64.5% For the Three Months Ended |