FIFTH THIRD BANCORP - FORM 8-K - EX-99.1

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Investor Update

Barclays Capital 2014 Americas Select Franchise Conference

Tayfun Tuzun

Executive Vice President & Chief Financial Officer

May 2014

Please refer to earnings release dated April 17, 2014 and

10-Q dated May 8, 2014 for further information

Exhibit 99.1

Broad scope of products and services

addressing the needs of wide array of customers

Consumer Lending

Branch Banking

Wealth Management

Wholesale Banking

Retail Bank

Cards

Mortgage

Auto

2013 total revenue of $560MM

2013 average loans of $2.0B

2013 average core deposits of $8.8B

$26B assets under management

$302B assets under care

2013 total revenue of $2.6B

2013 average loans of $47.3B

2013 average core deposits of $30.2B

2013 total revenue of $2.0B

2013 average loans of $17.5B

1,311 banking centers

2,614 ATMs

12 states

Private Bank

Retail Brokerage

Institutional Services

Commercial Bank

Footprint

Business

Lines

Highlights

In footprint markets

National consumer lending

In footprint markets

National commercial banking

Diversified financial services company operating in 12 states

Source: Inside Mortgage Finance

Source:

Experian

Auto

Count.

Loans

(excluding

leases)

originated

franchised

dealers.

Prime

banks

only

excludes

captives

and

non

primes.

Capital

One

excluded

because

they

are

primarily non-prime. Ally is excluded because they were primarily a captive.

2013 total revenue of $1.1B

2013 average loans of $22.2B

#12 mortgage originator¹

(42 states)

#5 bank indirect auto originator²

(45 states)

2013: A record year

Return on avg. assets

Net income to common ($MM)

Generated highest level of net

income in Company’s history

Improving profitability approaching

target for normalized environment

Net charge-off ratio

Problem assets at lowest

levels in five years

ALLL / NPLs

Coverage levels among

strongest in the industry

Capital ratios above regulatory

well-capitalized levels

Non-GAAP measure; see Reg. G reconciliation in appendix; presented under current U.S. capital regulations

2013 is net of the issuance of shares valued at $398MM related to the Series G preferred stock conversion on July 1, 2013.

Repurchases

the

amount

after-tax

gains

the

sale

Vantiv

shares.

Total payout ratio

Net payouts to shareholders

of $1.3B

in 2013

100% of

gains

45% of

earnings

ex-Vantiv

gains

26% of

earnings

ex-Vantiv

gains

Tier

common

ratio

$511

$503

$1,094

$1,541

$1,799

2009

2010

2011

2012

2013

2009

2010

2011

2012

2013

2009

2010

2011

2012

2013

2009

2010

2011

2012

2013

2009

2010

2011

2012

2013

2009

2010

2011

2012

2013

7.0%

7.5%

9.4%

9.5%

9.4%

0.64%

0.67%

1.15%

1.34%

1.48%

23%

21%

23%

31%

39%

11%

12%

3.20%

3.02%

1.49%

0.85%

0.58%

127%

179%

157%

180%

211%

Common Dividends

Declared

Share Repurchases

ex-Vantiv²

Vantiv³

•

Earnings per diluted share of $0.36

•

Operating results in line with our expectations, driven by healthy balance sheet with

strong growth potential and well-controlled expenses

•

Despite several large credits that elevated net charge-offs, portfolio asset quality

continues to improve; total delinquencies and nonperforming assets remain at low levels

First quarter 2014 earnings highlights

Non-GAAP measure; see Reg. G reconciliation in appendix. Capital ratios presented under current U.S. capital regulations. The pro forma Basel III Tier 1 common equity ratio is

management’s estimate based upon its current interpretation of recent prospective regulatory capital requirements approved in July 2013.

•

Traditional commercial banking franchise utilizing an affiliate-based model supported with

strong national businesses

—

Segment and industry specialization in mid-corporate, energy, and healthcare

•

Top 3 deposit market share in key markets with focus on further improving share of wallet

•

Redesigning retail distribution strategy and prioritizing key segments in consumer bank

•

Growing regional wealth management and brokerage services

•

Tier

common

ratio

9.5%

(Basel

III

pro

forma

estimate

~9.1%)

•

Repurchased 8MM common shares in 1Q14; 4Q13 and 1Q14 transactions reduced

average diluted share count by 23MM

•

2014 CCAR plan not objected to by Federal Reserve Board, includes the potential

increase in the quarterly common stock dividend and potential repurchase of common

—

$150MM share repurchase agreement announced in 2Q14

Strong

Operating

Results

Executing on

Strategic

Plans

Prudent

Capital

Management

Net interest income, margin & balance sheet

Average core deposit balances ($B)

$91.5

$84.9

Loan balances ($B)

NII and NIM (FTE)

$885

$893

$885

$898

$905

•

Growth in NII despite NIM contraction (adjusted for day

count)

•

Changed composition and size of investment portfolio

beginning in 3Q13; expect benefit to NII in future

quarters

•

New origination spreads remain tight (reflects

increased level of competition, impact of better credit,

and relationship profitability approach)

•

Increase in short-term LIBOR rates key driver for long-

term upside on NIM

$898

$85.9

$86.7

$87.3

$87.9

$89.5

$80.9

$81.7

$83.2

$85.7

$87.9

1Q13

2Q13

3Q13

4Q13

1Q14

Transaction deposits

Other time deposits

3.42%

3.33%

3.31%

3.21%

3.22%

$870

$875

$880

$885

$890

$895

$900

$905

$910

3.0%

3.1%

3.2%

3.3%

3.4%

3.5%

3.6%

3.7%

3.8%

3.9%

1Q13

2Q13

3Q13

4Q13

1Q14

Net Interest Income ($MM)

NIM

0.0

20.0

40.0

60.0

80.0

1Q13

2Q13

3Q13

4Q13

1Q14

Avg Coml HFI

Avg Cons HFI

Expense discipline

Efficiency ratio

Peer median: 65%

Total FTE

•

Operating leverage is a strategic priority in all

environments

•

Expect continued improvement in 2014

•

Mid-50% efficiency ratio target

–

Normalized interest rate environment

Noninterest expense ($MM)

Source: SNL Financial and company reports. Data as of 1Q14. Efficiency ratio calculated as reported noninterest expense / (net interest income (fully taxable equivalent)+ noninterest income)

FITB

adjusted

efficiency

ratio

excludes

$51MM

litigation

charges,

$36MM

negative

warrant

valuation,

$7MM

securities

gains,

$4MM

severance

expense

and

$1MM

positive

valuation

the

Visa

total

return

swap

(8%)

•

Reduction in FTE includes the impact of branch

staffing model changes and the reduction of

employee costs in mortgage business

•

Carefully managing expenses in response to

revenue environment (total noninterest

expense down 4% sequentially)

•

Will continue R&D investments with increased

technology, communications, and equipment

expense in 2014

52%

58%

59%

60%

64%

60%

65%

66%

67%

72%

65%

USB

WFC

BBT

PNC

MTB

FITB

KEY

CMA

HBAN

STI

ZION

20,744

20,569

20,256

19,446

19,080

15,000

17,000

19,000

21,000

1Q13

2Q13

3Q13

4Q13

1Q14

$978

$1,035

$959

$989

$950

$500

$700

$900

$1,100

1Q13

2Q13

3Q13

4Q13

1Q14

Credit quality overview

$112

Net charge-offs ($MM)

$109

$168

4Q13 and 1Q14 net charge-offs elevated;

broader portfolio still at low levels

$133

NCO ratio

0.63%

0.51%

0.49%

0.67%

0.76%

$148

HFI Nonperforming assets ($MM)

$1,210

$1,150

$1,014

$946

$980

NPAs down 22% from 1Q13;

lowest level since 2007

Reserve Coverage

Accruing Past Due ($MM)

$470

$410

$414

$337

$379

Includes 1Q14 provision expense of $69MM;

reserve coverage levels remain strong.

Total delinquencies declined 28% from 1Q13;

remain at very low levels

NPA ratio 1.41% 1.32% 1.16% 1.10% 1.05%

828

794

680

607

595

382

356

334

373

351

$250

$500

$750

$1,000

$1,250

1Q13

2Q13

3Q13

4Q13

1Q14

Commercial

Consumer

306

258

276

243

164

152

156

103

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

1Q13

2Q13

3Q13

4Q13

1Q14

30-89 Days Past Due

90+ Days Past Due

105

$25

$50

$75

$100

$125

$150

$175

1Q13

2Q13

3Q13

4Q13

1Q14

Commercial

Consumer

$1,783

$1,735

$1,677

$1,582

$1,483

2.08%

1.99%

1.92%

1.79%

1.65%

$500

$1,000

$1,500

$2,000

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

1Q13

2Q13

3Q13

4Q13

1Q14

Allowance for Loan & Lease Losses (ALLL) ($MM)

ALLL / Loans and Leases

Capital management –

core focus

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

Tier

common

equity

$710MM common

stock repurchases

(net of $398MM

shares issued

related to Series G

conversion)

$407MM common

dividends declared

$212MM common

stock repurchases

utilizing AT Vantiv

gains

Common Shares Outstanding (MM)

and Tangible Book Value per share

Basel III

Est.

9.0%²

Basel III

Est.

9.1%²

Basel III

Est.

9.5%²

•

2014 CCAR plan not objected to by Federal Reserve Board

•

Included the following potential actions for the period 2Q14-

1Q15, subject to Board approval and other factors:

•

2014 CCAR plan designed to maintain regulatory common equity

capital ratios generally at current levels

$200

$400

$600

$800

$1,000

$1,200

$1,400

2013 Net Payouts

($MM)

9.7%

9.4%

9.9%

9.4%

9.5%

10%

1Q13

2Q13

3Q13

4Q13

1Q14

913

901

888

878

858

$12.62

$12.69

$13.09

$13.00

$13.40

650

700

750

800

850

900

$11.00

$11.50

$12.00

$12.50

$13.00

$13.50

$14.00

1Q13

2Q13

3Q13

4Q13

1Q14

Common Shares O/S

TBV per share

–

The potential increase in the quarterly common

stock dividend to $0.13 per share

–

The potential repurchase of common shares in an

amount up to $669MM

–

The additional ability to repurchase shares in the

amount of any after-tax gains from the sale of

Vantiv, Inc. stock, if realized

Capital ratios presented under current U.S. capital regulations. The pro forma Basel III Tier I common equity ratio is management’s estimate based upon its current interpretation of recent

prospective regulatory capital requirements approved in July 2013.

Valuable ownership stake in Vantiv, Inc.

March 2009

Significant unrecognized value unlocked

March

2009

–

Present

Realizing earning potential

Ongoing impact

Positioned well to generate future value

$2.35 billion

enterprise value

Debt incurred

Equity value

•

Equity valuation of $1.1B

–

Including $561MM cash payment

related to Advent’s 51% ownership

and put rights

–

Fifth Third retained 49% ownership

with additional warrants

Recognized value to date

($MM pre-tax)

•

Currently own 26% interest in

Vantiv Holding, LLC, convertible to

Vantiv, Inc. shares (NYSE: VNTV)

–

Carrying (book) value of

$437MM as of 3/31/14

–

Ownership (market) value of

~$1.5B as of 3/31/14

•

Ongoing equity method earnings

•

Warrant to purchase additional

shares in Vantiv

–

Carried as a derivative asset at

fair value of $348MM as of

3/31/14

•

Annual payment corresponding

with tax benefits accruing to Fifth

Third associated with the tax

receivable agreement (TRA)

–

Vantiv reported FITB TRA at a

gross value of $551MM as of

1Q14

–

FITB realized $9MM in 4Q13

Equity ownership & earnings

Total gains / earnings recognized ~$3 billion

$1.10B

$1.25B

Enterprise Value Components

$115

$493

$299

$250

Gain on IPO

Gains on share

sales and TRA

Net put and

warrant

valuation gains

Equity method

earnings

83.9

70.2

48.8

$20

$40

$60

$80

2011

2012

2013

Class B shares (MM)

Equity method earnings ($MM)

•

Pre-tax gain of $1.8B

Before Fifth Third’s valuation of warrants, put rights, and minority interest discounts expected to reduce its implied valuation of the business by an estimated $50 million.

Repositioning consumer bank

with investments and strategic changes

Maximize the value offered and the revenue earned from every relationship

•

Growth in high value segments

–

Execution consistency

–

Dedicated team of specialists for focused segmentation

Optimize the current distribution model

•

Redesign branch formats and re-define job categories while preserving revenue streams

•

Testing to break through the previous minimum staffing levels by

deploying new technologies

Enhance digital capabilities to lower costs while improving the customer experience

•

Enhancement of customer service levels through the ease and convenience of digital banking

•

Deliver solutions in digital channels for increased sales effectiveness and drive adoption

Online banking

2009

1Q14

47%

52%

Mobile banking

2011

1Q14

26%

Alternative channel delivery

% of checking households with

Consumer deposit activity

Transaction volume by channel

73%

19%

Branch

ATM

7.5

6.8

6.1

1Q12

1Q13

1Q14

Branch Transactions

Average monthly trans. in millions

8% Mobile

Commercial Bank –

Executing on key strategies

Healthcare

•

Expanded suite of

products designed to

meet full range of

healthcare clients’

needs

•

Innovative cash

management solutions

simplify cash handling

and improve cash flow

Currency Processing

Solutions

Segment

Specialization

Industry

Specialization

Treasury

Management

Capabilities

Energy

•

Launched in 3Q12

•

Focused on extraction and

distribution (upstream /

downstream)

Commercial Real Estate

•

Centralized group focused

on select opportunities

•

Target clients:

businesses that

generate $500MM to

$2B in revenue

•

Investments in capital

markets capabilities

•

“Lead left”

strategy

Mid-Corporate

•

Streamline processes,

reduce costs and

maximize convenience

Commercial Card

Solutions

CONSULTATIVE SALES APPROACH

Commercial Specialization

$53.1B

$45.2B

$10

$15

$20

$25

$30

$35

$40

$45

$50

$55

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

1Q13

2Q13

3Q13

4Q13

1Q14

Total Average Commercial Loans ($B)

Middle Market

Energy

Healthcare

Large Corporate

Mid Corporate

CRE

Other

Balance Sheet:

Average loans & leases (excl. HFS)

Average transaction deposits

Income Statement:

Net interest income²

Net interest margin²

Noninterest income¹

Noninterest expense

Pre-provision net revenue

1,2

ROA

Effective tax rate

1,2

Asset Quality:

Net charge-offs

Loan loss allowance

Nonperforming assets

Tier 1 common equity

3,6

Category

Fifth Third: Outlook

2014 Outlook

$87.0B

$82.9B

2013 results exclude a net $534MM benefit from gains on Vantiv share issuance and Vantiv warrants. 2014 outlook does not include potential but currently unforecasted items, such as any

potential additional Vantiv gains or losses, future capital actions, or changes in regulatory or accounting guidance.

Presented on a fully-taxable equivalent basis.

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

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 in each period.

As a percentage of loans and leases

Current period capital ratios estimated. Tier 1 common equity ratio outlook assumes generally stable common equity levels managed through asset growth and share repurchases.

Repurchases subject to ongoing evaluation under the Federal Reserve’s CCAR process.

2013-Adjusted

Please see cautionary statement on slide 15 for risk factors related to forward-looking statements

Mid single digit growth

Down ~$40MM (~0.50%

)

Lower vs. 4Q13

Down ~15% vs. 4Q13

$3.58B

3.32% (3.21% 4Q13)

$2.70B

$3.95B

$2.31B

~1.2%

~28.4%

9.39%

$501MM (0.58%

)

$1.6B (1.79%)

$980MM (1.10%)

~Consistent with 4Q13

Modest growth

~3.15% +/-

Down mid-to-high single digits

(up mid-single digits ex-mortgage)

Down mid-single digits

Up low-single digits

~1.15%

~27.0-27.5%

Investment thesis

Consistent earnings power with high returns

Healthy balance sheet with strong growth potential

Long history of disciplined expense management

Commercial Bank with growing scale and scope of products and services

Redesign of Consumer Bank for long term profitability

Growing wealth management and brokerage services

Balanced capital management supporting growth and shareholder returns

Cautionary statement

This report contains statements that we believe are “forward-looking statements” within the meaning of Section 27A of the Securities Act of

1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule

3b-6 promulgated thereunder. These statements relate to our financial condition, results of operations, plans, objectives, future performance

or business. They usually can be identified by the use of forward-looking language such as “will likely result,” “may,” “are expected to,” “is

anticipated,” “estimate,” “forecast,” “projected,” “intends to,” or may include other similar words or phrases such as “believes,” “plans,”

“trend,” “objective,” “continue,” “remain,” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,”

“might,” “can,” or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties,

including but not limited to the risk factors set forth in our most recent Annual Report on Form 10-K. When considering these forward-looking

statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements we may make. Moreover, you

should treat these statements as speaking only as of the date they are made and based only on information then actually known to us.

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-

looking statements. Factors that might cause such a difference include, but are not limited to: (1) general economic conditions and

weakening in the economy, specifically the real estate market, either nationally or in the states in which Fifth Third, one or more acquired

entities and/or the combined company do business, are less favorable than expected; (2) deteriorating credit quality; (3) political

developments, wars or other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes in

the interest rate environment reduce interest margins; (5) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss

provisions; (6) Fifth Third’s ability to maintain required capital levels and adequate sources of funding and liquidity; (7) maintaining capital

requirements may limit Fifth Third’s operations and potential growth; (8) changes and trends in capital markets; (9) problems encountered by

larger or similar financial institutions may adversely affect the banking industry and/or Fifth Third; (10) competitive pressures among

depository institutions increase significantly; (11) effects of critical accounting policies and judgments; (12) changes in accounting policies or

procedures as may be required by the Financial Accounting Standards Board (FASB) or other regulatory agencies; (13) legislative or

regulatory changes or actions, or significant litigation, adversely affect Fifth Third, one or more acquired entities and/or the combined

company or the businesses in which Fifth Third, one or more acquired entities and/or the combined company are engaged, including the

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.

Appendix

Pre-tax pre-provision earnings

PPNR trend

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

Prior quarters include similar adjustments.

PPNR declined 17% sequentially, reflecting impact of $83MM and $9MM in net detriments to 1Q14 and 4Q13,

respectively. Excluding those items, adjusted PPNR declined 5% from 4Q13, driven by seasonal increase in

FICA

and

unemployment

tax

expense

and

lower

mortgage

banking

net

revenue.

$608

$632

$603

$623

$590

$100

$200

$300

$400

$500

$600

$700

1Q13

2Q13

3Q13

4Q13

1Q14

Adjusted PPNR

PPNR $653 $905 $655 $614 $507

($ in millions)

1Q13

2Q13

3Q13

4Q13

1Q14

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

$591

$841

$604

$561

$438

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

PPNR (a) + (b)

$653

$905

$655

$614

$507

In noninterest income:

Gain from sales of Vantiv shares

(242)

(85)

Vantiv warrant valuation

(34)

(76)

(6)

(91)

Other Vantiv-related income

(9)

Valuation of 2009 Visa total return swap

(1)

Sale of certain Fifth Third funds

(7)

BOLI settlement

(10)

Securities (gains) / losses

(17)

(2)

(7)

In noninterest expense:

Debt extinguishment (gains) / losses

Severance expense

Large bank assessment fees

Gain on sale of affordable housing investments

(9)

(2)

(1)

Donation to Fifth Third Foundation

Litigation reserve charges

Adjusted PPNR

$608

$632

$603

$623

$590

Credit-related items:

In noninterest income

In noninterest expense

(12)

Credit-adjusted PPNR

$642

$673

$624

$616

$609

Adjustments to remove (benefit) / detriment² :

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: 1Q14, 2Q13, and 1Q13 included the impact of $3MM, $20MM, and $22MMM, respectively in mortgage repurchase provision. 4Q13 and 3Q13 also included benefits to the mortgage

repurchase provision of $28MM and $4MM, respectively. These impacts are reflected in “Credit-related items” and “Adjusted Efficiency Ratio” listed above.

PPNR reconciliation

Available and contingent borrowing capacity

(1Q14):

–

FHLB ~$11B available, ~$12B total

–

Federal Reserve ~$29B

Holding Company cash at 3/31/14: $2.4B

Cash currently sufficient to satisfy all fixed

obligations in a stressed environment for over

21 months (debt maturities, common and

preferred dividends, interest and other

expenses) without accessing capital markets;

relying on 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

$1,250

2,312

2014

2015

2016

2017

2018

2019

2020 on

Fifth Third Bancorp

Fifth Third Capital Trust (Bancorp)

$415

$500

$2,450

$600

2014

2015

2016

2017

2018

2019

2020 On

Demand

24%

Interest

checking

20%

Savings/

MMDA

23%

Consumer

time

Foreign

Office

Non-Core

Deposits

S-T

borrowings

Other

liabilities

Equity

11%

L-T debt

$500

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

2014

2013

Income before income taxes (U.S. GAAP)

$438

$561

$604

$841

$591

Add:

Provision expense (U.S. GAAP)

Pre-provision net revenue (a)

507

614

655

905

653

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

309

383

421

582

413

Add:

Intangible amortization, net of tax

Tangible net income available to common shareholders

310

384

422

583

414

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

1,257

1,523

1,674

2,338

1,679

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

14,862

14,757

14,440

14,221

13,779

Less:

Average preferred stock

(1,034)

(703)

(593)

(717)

(398)

Average goodwill

(2,416)

Average intangible assets

(19)

(20)

(22)

(24)

(26)

Average tangible common equity (c)

11,393

11,618

11,409

11,064

10,939

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

14,826

14,589

14,641

14,239

13,882

Less:

Preferred stock

(1,034)

(593)

(991)

(398)

Goodwill

(2,416)

Intangible assets

(18)

(19)

(21)

(23)

(25)

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

11,358

11,120

11,611

10,809

11,043

Less: Accumulated other comprehensive income

(196)

(82)

(218)

(149)

(333)

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

11,162

11,038

11,393

10,660

10,710

Total assets (U.S. GAAP)

129,654

130,443

125,673

123,360

121,382

Less:

Goodwill

(2,416)

Intangible assets

(18)

(19)

(21)

(23)

(25)

Tangible assets, including unrealized gains / losses (f)

127,220

128,008

123,236

120,921

118,941

Less: Accumulated other comprehensive income / loss, before tax

(302)

(126)

(335)

(229)

(512)

Tangible assets, excluding unrealized gains / losses (g)

126,918

127,882

122,901

120,692

118,429

Common shares outstanding (h)

848

855

887

851

875

Ratios:

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

11.0%

13.1%

14.7%

21.1%

15.4%

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

8.79%

8.63%

9.27%

8.83%

9.03%

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

8.93%

8.69%

9.42%

8.94%

9.28%

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

13.40

13.00

13.09

12.69

12.62

For the Three Months Ended

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

2014

2013

2012

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

$14,826

$14,589

$14,641

$14,239

$13,882

Goodwill and certain other intangibles

(2,490)

(2,492)

(2,496)

(2,504)

Unrealized gains

(196)

(82)

(218)

(149)

(333)

Qualifying trust preferred securities

810

Other

(18)

Tier I capital

12,182

12,094

12,762

12,426

11,878

Less:

Preferred stock

(1,034)

(593)

(991)

(398)

Qualifying trust preferred securities

(60)

(810)

Qualifying noncontrolling interest in consolidated subsidiaries

(1)

(37)

(39)

(38)

Tier I common equity (a)

11,087

10,963

11,320

10,587

10,632

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (b)

116,622

116,736

114,544

112,285

109,626

Ratio:

Tier I common equity (a) / (b)

9.51%

9.39%

9.88%

9.43%

9.70%

Basel III -

Estimated Tier 1 common equity ratio

March

December

September

2014

2013

Tier 1 common equity (Basel I)

$11,087

$10,963

$11,320

Add:

Adjustment related to capital components

$99

$82

$88

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

$11,186

$11,045

$11,408

Add:

Adjustment related to AOCI

$196

$82

$218

Estimated Tier 1 common equity under final Basel III rules with AOCI (non opt out)(d)

$11,382

$11,127

$11,626

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

122,659

122,851

120,447

Estimated

Tier

common

equity

ratio

under

final

Basel

III

rules

(opt

out)

(c)

(e)

9.12%

8.99%

9.47%

Estimated

Tier

common

equity

ratio

under

final

Basel

III

rules

(non

opt

out)

(d)

(e)

9.28%

9.06%

9.65%

(c), (d)

(e)

Under the final Basel III rules, non-advanced approach banks are permitted to make a one-time election to opt out of the requirement to include AOCI in Tier 1 common equity.

Other

adjustments

include

mortgage

servicing

rights

and

deferred

tax

assets

subject

threshold

limitations

and

deferred

tax

liabilities

intangible

assets.

Key

differences

under

Basel

III

the

calculation

risk-weighted

assets

compared

Basel

include:

(1)

Risk

weighting

for

commitments

under

year;

(2)

Higher

risk

weighting

for

exposures

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

percent

Tier

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

Regulation G Non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconcilation

$ and shares in millions

(unaudited)

2013

2012

2011

2010

2009

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

$14,589

$13,716

$13,201

$14,051

$13,497

Goodwill and certain other intangibles

(2,492)

(2,499)

(2,514)

(2,546)

(2,565)

Unrealized gains

(82)

(375)

(470)

(314)

(241)

Qualifying trust preferred securities

810

2,248

2,763

Other

(26)

Tier I capital

12,094

11,685

12,503

13,965

13,428

Less:

Preferred stock

(1,034)

(398)

(3,654)

(3,609)

Qualifying trust preferred securities

(60)

(810)

(2,248)

(2,763)

Qualifying noncontrolling interest in consolidated subsidiaries

(37)

(48)

(50)

(30)

Tier I common equity (a)

10,963

10,429

9,807

7,518

7,056

Risk-weighted assets, determined in accordance with

prescribed regulatory requirements (b)

116,736

109,699

104,945

100,561

100,933

Ratio:

Tier I common equity (a) / (b)

9.39%

9.51%

9.35%

7.48%

6.99%

For the Year Ended

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