FIFTH THIRD BANCORP - FORM 8-K - EX-99.4

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8-K - FORM 8-K - FIFTH THIRD BANCORP	d660158d8k.htm
EX-99.2 - EX-99.2 - FIFTH THIRD BANCORP	d660158dex992.htm
EX-99.1 - EX-99.1 - FIFTH THIRD BANCORP	d660158dex991.htm
EX-99.3 - EX-99.3 - FIFTH THIRD BANCORP	d660158dex993.htm

Exhibit 99.4

January 2014

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ANNUAL FINANCIAL SUPPLEMENT

Investment Community Member:

To assist in your financial analysis, the following supplement of most requested information concerning Fifth Third Bancorp is provided.

Numbers are unaudited for year-end information.

If you need further information, please fax or e-mail your request to Fifth Third’s Investor Relations Department at (513) 534-3945 or IR@53.com

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Yearly Data


	Years Ended December 31,
	2013		2012		2011		2010		2009
Ratios (percent)
Return on average assets		1.48		1.34		1.15		0.67		0.64
Return on average common equity		13.1		11.6		9.0		5.0		5.6
Average Bancorp shareholders’ equity as a percent of average assets		11.56		11.65		11.41		12.22		11.36
Net interest margin^(a)		3.32		3.55		3.66		3.66		3.32
Efficiency^(a)		58.2		61.7		62.3		60.7		46.9
Net losses charged off as a percent of average loans and leases		0.58		0.85		1.49		3.02		3.20
ALLL as a percent of portfolio loans and leases		1.79		2.16		2.78		3.88		4.88
Allowance for credit losses as a percent of portfolio loans and leases		1.97		2.37		3.01		4.17		5.27
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO^(b)		1.10		1.49		2.23		2.79		4.22
Allowance for loan and lease losses as a percent of nonperforming assets^(b)		161		144		124		138		116
Allowance for credit losses as a percent of nonperforming assets^(b)		178		158		134		149		125
Common Share Data
Earnings per share	$	2.05	$	1.69	$	1.20	$	0.63	$	0.73
Earnings per diluted share	$	2.02	$	1.66	$	1.18	$	0.63	$	0.67
Cash dividends per common share		0.47		0.36		0.28		0.04		0.04
Book value per share		15.85		15.10		13.92		13.06		12.44
Common shares outstanding, excluding treasury		855,305,745		882,152,057		919,804,436		796,272,522		795,068,164
Market price per share:
High	$	21.04	$	16.16	$	15.75	$	15.95	$	11.20
Low		15.35		12.04		9.13		9.81		1.01
End of period		21.03		15.20		12.72		14.68		9.75
Supplemental Data
Common dividends declared ($ in millions)	$	407	$	325	$	257	$	32	$	29
Full-time equivalent employees		19,446		20,798		21,334		20,838		20,998
Banking centers		1,320		1,325		1,316		1,312		1,309
ATMs		2,586		2,415		2,425		2,445		2,358

(a)

Presented on a fully taxable equivalent basis (FTE).

(b)

Excludes nonperforming assets held for sale.

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Yearly Data


	Years Ended December 31,
	2013			2012			2011			2010			2009
Income Statement ($ in millions)
Interest income (FTE)	$	3,993		$	4,125		$	4,236		$	4,507		$	4,687
Interest expense		412			512			661			885			1,314

Net interest income (FTE)		3,581			3,613			3,575			3,622			3,373
Provision for loan and lease losses		229			303			423			1,538			3,543
Noninterest income:
Service charges on deposits		549			522			520			574			632
Investment advisory revenue		393			374			375			361			326
Corporate banking revenue		400			413			350			364			372
Mortgage banking net revenue		700			845			597			647			553
Card and processing revenue		272			253			308			316			615
Gain on sale of processing business		—			—			—			—			1,758
Other noninterest income		879			574			250			406			479
Securities gains, net		21			15			46			47			(10	)
Securities gains, net—non-qualifying hedges on mortgage servicing rights		13			3			9			14			57

Total noninterest income		3,227			2,999			2,455			2,729			4,782
Noninterest expense:
Salaries, wages and incentives		1,581			1,607			1,478			1,430			1,339
Employee benefits		357			371			330			314			311
Net occupancy expense		307			302			305			298			308
Technology and communications		204			196			188			189			181
Equipment expense		114			110			113			122			123
Card and processing expense		134			121			120			108			193
Other noninterest expense		1,264			1,374			1,224			1,394			1,371

Total noninterest expense		3,961			4,081			3,758			3,855			3,826
Income before income taxes (FTE)		2,618			2,228			1,849			958			786
Taxable equivalent adjustment		20			18			18			18			19

Income before income taxes		2,598			2,210			1,831			940			767
Applicable income tax		772			636			533			187			30

Net income	$	1,826		$	1,574		$	1,298		$	753		$	737
Less: Net income attributable to noncontrolling interests		(10	)		(2	)		1			—			—

Net income attributable to Bancorp	$	1,836		$	1,576		$	1,297		$	753		$	737
Dividends on preferred stock		37			35			203			250			226

Net income available to common shareholders	$	1,799		$	1,541		$	1,094		$	503		$	511

*Regulatory Capital Data ($ in millions)^(a)***
Tier I capital	$	12,094		$	11,685		$	12,503		$	13,965		$	13,428
Tier II capital		4,348			4,131			4,382			4,208			4,207

Total risk-based capital	$	16,442		$	15,816		$	16,885		$	18,173		$	17,635

Risk-weighted assets	$	116,836		$	109,699		$	104,945		$	100,193		$	100,933

Tier I risk-based capital ratio		10.35	%		10.65	%		11.91	%		13.89	%		13.30	%
Total risk-based capital ratio		14.07	%		14.42	%		16.09	%		18.08	%		17.48	%
Tier I leverage ratio		9.64	%		10.05	%		11.10	%		12.79	%		12.34	%
Tier I common equity ratio		9.38	%		9.51	%		9.35	%		7.48	%		6.99	%

(a)

Current period regulatory capital data and ratios are estimated.

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Yearly Data


	Years Ended December 31,
	2013			2012			2011			2010			2009
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	3,178		$	2,441		$	2,663		$	2,159		$	2,318
Available-for-sale and other securities		18,597			15,207			15,362			15,414			18,213
Held-to-maturity securities		208			284			322			353			355
Trading securities		343			207			177			294			355
Other short-term investments		5,116			2,421			1,781			1,515			3,369

Total cash and securities		27,442			20,560			20,305			19,735			24,610
Loans held for sale		944			2,939			2,954			2,216			2,067
Portfolio loans and leases		88,614			85,782			81,018			77,491			76,779

Total loans and leases		89,558			88,721			83,972			79,707			78,846
Allowance for loan and lease losses		(1,582	)		(1,854	)		(2,255	)		(3,004	)		(3,749	)
Bank premises and equipment		2,531			2,542			2,447			2,389			2,400
Operating lease equipment		730			581			497			479			499
Goodwill		2,416			2,416			2,417			2,417			2,417
Intangible assets		19			27			40			62			106
Servicing rights		971			697			681			822			700
Other real estate owned		299			320			429			506			300
Other assets		8,059			7,884			8,434			7,894			7,251

Total assets	$	130,443		$	121,894		$	116,967		$	111,007		$	113,380

Liabilities
Deposits:
Demand	$	32,634		$	30,023		$	27,600		$	21,413		$	19,411
Interest checking		25,875			24,477			20,392			18,560			19,935
Savings		17,045			19,879			21,756			20,903			17,898
Money market		11,644			6,875			4,989			5,035			4,431
Foreign office		1,976			885			3,250			3,721			2,454
Other time		3,530			4,015			4,638			7,728			12,466
Certificates—$100,000 and over		6,571			3,284			3,039			4,287			7,700
Other foreign office		—			79			46			1			10

Total deposits		99,275			89,517			85,710			81,648			84,305
Federal funds purchased		284			901			346			279			182
Other short-term borrowings		1,380			6,280			3,239			1,574			1,415
Other liabilities		5,245			4,347			4,739			3,868			3,474
Long-term debt		9,633			7,085			9,682			9,558			10,507

Total liabilities		115,817			108,130			103,716			96,927			99,883

Equity
Common and preferred equity		15,802			13,975			12,795			13,867			13,457
Net unrealized gains (losses):
Available-for-sale securities		121			412			485			321			216
Qualifying cash flow hedges		13			50			80			67			105
Accumulated other comprehensive income related to employee benefit plans		(52	)		(87	)		(95	)		(74	)		(80	)
Treasury stock, at cost		(1,295	)		(634	)		(64	)		(130	)		(201	)

Total Bancorp shareholders’ equity		14,589			13,716			13,201			14,051			13,497
Noncontrolling interests		37			48			50			29			—

Total equity		14,626			13,764			13,251			14,080			13,497

Total liabilities and equity	$	130,443		$	121,894		$	116,967		$	111,007		$	113,380

Share Data
Preferred shares outstanding—Series G		—			16,450			16,450			152,771			152,771
Preferred shares outstanding—Series H		24,000			—			—			—			—
Preferred shares outstanding—Series I		18,000			—			—			—			—
Common shares outstanding, excluding treasury		855,305,745			882,152,057			919,804,436			796,272,522			795,068,164
Treasury shares held		68,586,836			41,740,524			4,088,144			5,231,665			6,436,023

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Yearly Data


	Years Ended December 31,
	2013			2012			2011			2010			2009
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	89,093		$	84,822		$	80,214		$	79,232		$	83,391
Taxable securities		16,395			15,262			15,334			16,054			15,897
Tax exempt securities		49			57			103			317			1,203
Other short-term investments		2,417			1,495			2,031			3,328			1,035

Total interest-earning assets		107,954			101,636			97,682			98,931			101,526
Cash and due from banks		2,482			2,355			2,352			2,245			2,329
Other assets		15,053			15,695			15,335			14,841			14,266
Allowance for loan and lease losses		(1,757	)		(2,072	)		(2,703	)		(3,583	)		(3,265	)

Total assets	$	123,732		$	117,614		$	112,666		$	112,434		$	114,856

Liabilities
Interest-bearing liabilities:
Interest checking	$	23,582		$	23,096		$	18,707		$	18,218		$	15,070
Savings		18,440			21,393			21,652			19,612			16,875
Money market		9,467			4,903			5,154			4,808			4,320
Foreign office		1,501			1,528			3,490			3,355			2,108
Other time		3,760			4,306			6,260			10,526			14,103
Certificates—$100,000 and over		6,339			3,102			3,656			6,083			10,367
Other foreign office		17			27			7			6			157
Federal funds purchased		503			560			345			291			517
Other short-term borrowings		3,024			4,246			2,777			1,635			6,463
Long-term debt		7,914			9,043			10,154			10,902			11,035

Total interest-bearing liabilities		74,547			72,204			72,202			75,436			81,015
Demand deposits		29,925			27,196			23,389			19,669			16,862
Other liabilities		4,917			4,462			4,189			3,580			3,926

Total liabilities		109,389			103,862			99,780			98,685			101,803
Equity		14,343			13,752			12,886			13,749			13,053

Total liabilities and equity	$	123,732		$	117,614		$	112,666		$	112,434		$	114,856

Average loans and leases (excluding held for sale)	$	86,950		$	82,733		$	78,533		$	77,045		$	80,681
Average common shares outstanding:
Basic		869,462,977			904,425,226			906,460,550			790,852,185			696,452,466
Diluted		894,736,445			945,554,102			949,545,420			799,381,153			726,508,263

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Yearly Data


	Years Ended December 31,
	2013			2012			2011			2010			2009
End of Period Loans and Leases ($ in millions)^{(net of unearned discount)}
Commercial:
Commercial and industrial loans	$	39,347		$	36,077		$	30,828		$	27,274		$	25,687
Commercial mortgage loans		8,069			9,116			10,214			10,992			11,936
Commercial construction loans		1,041			707			1,037			2,111			3,871
Commercial leases		3,626			3,549			3,531			3,378			3,535

Subtotal—commercial		52,083			49,449			45,610			43,755			45,029
Consumer:
Residential mortgage loans		13,570			14,873			13,474			10,858			9,845
Home equity		9,246			10,018			10,719			11,513			12,174
Automobile loans		11,984			11,972			11,827			10,983			8,995
Credit card		2,294			2,097			1,978			1,896			1,990
Other consumer loans and leases		381			312			364			702			813

Subtotal—consumer		37,475			39,272			38,362			35,952			33,817

Total loans and leases	$	89,558		$	88,721		$	83,972		$	79,707		$	78,846

Average Loans and Leases ($ in millions)^{(net of unearned discount)}
Commercial:
Commercial and industrial loans	$	37,770		$	32,911		$	28,546		$	26,334		$	27,556
Commercial mortgage loans		8,481			9,686			10,447			11,585			12,511
Commercial construction loans		793			835			1,740			3,066			4,638
Commercial leases		3,565			3,502			3,341			3,343			3,543

Subtotal—commercial		50,609			46,934			44,074			44,328			48,248
Consumer:
Residential mortgage loans		14,428			13,370			11,318			9,868			10,886
Home equity		9,554			10,369			11,077			11,996			12,534
Automobile loans		12,021			11,849			11,352			10,427			8,807
Credit card		2,121			1,960			1,864			1,870			1,907
Other consumer loans and leases		360			340			529			743			1,009

Subtotal—consumer		38,484			37,888			36,140			34,904			35,143

Total average loans and leases	$	89,093		$	84,822		$	80,214		$	79,232		$	83,391

Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	387		$	665		$	1,058		$	1,333		$	2,642
Nonaccrual loans held for sale		6			25			131			247			220
Restructured loans—commercial (nonaccrual) held for sale		—			4			7			47			4
Restructured loans and leases (nonaccrual) portfolio		364			364			380			347			305
Other assets, including other real estate owned		229			257			378			494			297

Total nonperforming assets	$	986		$	1,315		$	1,954		$	2,468		$	3,468

Ninety days past due loans and leases	$	103		$	195		$	200		$	317		$	567

Nonperforming Loans ($ in millions)^{(nonaccrual plus renegotiated)}
Commercial and industrial loans and leases	$	287		$	345		$	544		$	753		$	840
Commercial mortgage loans		146			296			497			581			1,035
Commercial construction loans		31			85			156			258			741
Residential mortgage loans		165			237			275			268			412
Other consumer loans and leases		128			95			104			114			144

Total nonperforming loans and leases (including held for sale)	$	757		$	1,058		$	1,576		$	1,974		$	3,172

Credit Charge-Offs ($ in millions)
Gross charge-offs	($	637	)	($	837	)	($	1,314	)	($	2,484	)	($	2,719	)
Recoveries		136			133			142			156			138

Net losses charged off	($	501	)	($	704	)	($	1,172	)	($	2,328	)	($	2,581	)

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Jim Eglseder

Laura Wehby

VP / Investor Relations

VP / Investor Relations

(513) 534-8424

(513) 534-7407