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

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8-K - 8-K - FIFTH THIRD BANCORP	d854681d8k.htm
EX-99.1 - EX-99.1 - FIFTH THIRD BANCORP	d854681dex991.htm
EX-99.3 - EX-99.3 - FIFTH THIRD BANCORP	d854681dex993.htm
EX-99.2 - EX-99.2 - FIFTH THIRD BANCORP	d854681dex992.htm

Exhibit 99.4

January 2015

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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

Page 1

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Yearly Data


	Years Ended December 31,
	2014		2013		2012		2011		2010
Ratios (percent)
Return on average assets		1.12		1.48		1.34		1.15		0.67
Return on average common equity		10.0		13.1		11.6		9.0		5.0
Average Bancorp shareholders’ equity as a percent of average assets		11.59		11.56		11.65		11.41		12.22
Net interest margin^(a)		3.10		3.32		3.55		3.66		3.66
Efficiency^(a)		61.1		58.2		61.7		62.3		60.7
Net losses charged off as a percent of average loans and leases		0.64		0.58		0.85		1.49		3.02
ALLL as a percent of portfolio loans and leases		1.47		1.79		2.16		2.78		3.88
Allowance for credit losses as a percent of portfolio loans and leases		1.62		1.97		2.37		3.01		4.17
Nonperforming assets as a percent of portfolio loans, leases and other assets, including OREO^(b)		0.82		1.10		1.49		2.23		2.79
Allowance for loan and lease losses as a percent of nonperforming assets^(b)		178		161		144		124		138
Allowance for credit losses as a percent of nonperforming assets^(b)		196		178		158		134		149

Common Share Data

Earnings per share	$	1.68	$	2.05	$	1.69	$	1.20	$	0.63
Earnings per diluted share	$	1.66	$	2.02	$	1.66	$	1.18	$	0.63
Cash dividends per common share		0.51		0.47		0.36		0.28		0.04
Book value per share		17.35		15.85		15.10		13.92		13.06
Common shares outstanding, excluding treasury		824,046,952		855,305,745		882,152,057		919,804,436		796,272,522
Market price per share:
High	$	23.39	$	21.04	$	16.16	$	15.75	$	15.95
Low		17.74		15.35		12.04		9.13		9.81
End of period		20.38		21.03		15.20		12.72		14.68
Supplemental Data
Common dividends declared ($ in millions)	$	427	$	407	$	325	$	257	$	32
Full-time equivalent employees		18,351		19,446		20,798		21,334		20,838
Banking centers		1,302		1,320		1,325		1,316		1,312
ATMs		2,638		2,586		2,415		2,425		2,445

(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,
	2014			2013			2012			2011			2010
Income Statement ($ in millions)
Interest income (FTE)	$	4,051		$	3,993		$	4,125		$	4,236		$	4,507
Interest expense		451			412			512			661			885

Net interest income (FTE)		3,600			3,581			3,613			3,575			3,622
Provision for loan and lease losses		315			229			303			423			1,538
Noninterest income:
Service charges on deposits		560			549			522			520			574
Corporate banking revenue		430			400			413			350			364
Mortgage banking net revenue		310			700			845			597			647
Investment advisory revenue		407			393			374			375			361
Card and processing revenue		295			272			253			308			316
Other noninterest income		450			879			574			250			406
Securities gains, net		21			21			15			46			47
Securities gains, net—non-qualifying hedges on mortgage servicing rights		—			13			3			9			14

Total noninterest income		2,473			3,227			2,999			2,455			2,729
Noninterest expense:
Salaries, wages and incentives		1,449			1,581			1,607			1,478			1,430
Employee benefits		334			357			371			330			314
Net occupancy expense		313			307			302			305			298
Technology and communications		212			204			196			188			189
Equipment expense		121			114			110			113			122
Card and processing expense		141			134			121			120			108
Other noninterest expense		1,139			1,264			1,374			1,224			1,394

Total noninterest expense		3,709			3,961			4,081			3,758			3,855
Income before income taxes (FTE)		2,049			2,618			2,228			1,849			958
Taxable equivalent adjustment		21			20			18			18			18

Income before income taxes		2,028			2,598			2,210			1,831			940
Applicable income tax		545			772			636			533			187

Net income	$	1,483		$	1,826		$	1,574		$	1,298		$	753
Less: Net income attributable to noncontrolling interests		2			(10	)		(2	)		1			—

Net income attributable to Bancorp	$	1,481		$	1,836		$	1,576		$	1,297		$	753
Dividends on preferred stock		67			37			35			203			250

Net income available to common shareholders	$	1,414		$	1,799		$	1,541		$	1,094		$	503


*Regulatory Capital Data ($ in millions)^(a)***
Tier I capital	$	12,764		$	12,094		$	11,685		$	12,503		$	13,965
Tier II capital		4,132			4,337			4,126			4,373			4,213

Total risk-based capital	$	16,896		$	16,431		$	15,811		$	16,876		$	18,178

Risk-weighted assets	$	117,887		$	115,969		$	109,301		$	104,219		$	100,561

Tier I risk-based capital ratio		10.83	%		10.43	%		10.69	%		12.00	%		13.89	%
Total risk-based capital ratio		14.33	%		14.17	%		14.47	%		16.19	%		18.08	%
Tier I leverage ratio		9.66	%		9.73	%		10.15	%		11.25	%		12.79	%
Tier I common equity ratio		9.65	%		9.45	%		9.54	%		9.41	%		7.48	%

(a)

Current period regulatory capital data and ratios are estimated.

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Yearly Data


	Years Ended December 31,
	2014			2013			2012			2011			2010
Balance Sheet ($ in millions, except share data)
Assets
Cash and due from banks	$	3,091		$	3,178		$	2,441		$	2,663		$	2,159
Available-for-sale and other securities		22,408			18,597			15,207			15,362			15,414
Held-to-maturity securities		187			208			284			322			353
Trading securities		360			343			207			177			294
Other short-term investments		7,914			5,116			2,421			1,781			1,515

Total cash and securities		33,960			27,442			20,560			20,305			19,735
Loans held for sale		1,261			944			2,939			2,954			2,216
Portfolio loans and leases		90,084			88,614			85,782			81,018			77,491

Total loans and leases		91,345			89,558			88,721			83,972			79,707
Allowance for loan and lease losses		(1,322	)		(1,582	)		(1,854	)		(2,255	)		(3,004	)
Bank premises and equipment		2,465			2,531			2,542			2,447			2,389
Operating lease equipment		728			730			581			497			479
Goodwill		2,416			2,416			2,416			2,417			2,417
Intangible assets		15			19			27			40			62
Servicing rights		858			971			697			681			822
Other real estate owned		217			299			320			429			506
Other assets		8,024			8,059			7,884			8,434			7,894

Total assets	$	138,706		$	130,443		$	121,894		$	116,967		$	111,007

Liabilities
Deposits:
Demand	$	34,809		$	32,634		$	30,023		$	27,600		$	21,413
Interest checking		26,800			25,875			24,477			20,392			18,560
Savings		15,051			17,045			19,879			21,756			20,903
Money market		17,083			11,644			6,875			4,989			5,035
Foreign office		1,114			1,976			885			3,250			3,721
Other time		3,960			3,530			4,015			4,638			7,728
Certificates—$100,000 and over		2,895			6,571			3,284			3,039			4,287
Other foreign office		—			—			79			46			1

Total deposits		101,712			99,275			89,517			85,710			81,648
Federal funds purchased		144			284			901			346			279
Other short-term borrowings		1,556			1,380			6,280			3,239			1,574
Other liabilities		4,662			5,245			4,347			4,739			3,868
Long-term debt		14,967			9,633			7,085			9,682			9,558

Total liabilities		123,041			115,817			108,130			103,716			96,927

Equity
Common and preferred equity		17,169			15,802			13,975			12,795			13,867
Net unrealized gains (losses):
Available-for-sale securities		475			121			412			485			321
Qualifying cash flow hedges		23			13			50			80			67
Accumulated other comprehensive income related to employee benefit plans		(69	)		(52	)		(87	)		(95	)		(74	)
Treasury stock, at cost		(1,972	)		(1,295	)		(634	)		(64	)		(130	)

Total Bancorp shareholders’ equity		15,626			14,589			13,716			13,201			14,051
Noncontrolling interests		39			37			48			50			29

Total equity		15,665			14,626			13,764			13,251			14,080

Total liabilities and equity	$	138,706		$	130,443		$	121,894		$	116,967		$	111,007

Share Data
Preferred shares outstanding—Series G		—			—			16,450			16,450			152,771
Preferred shares outstanding—Series H		24,000			24,000			—			—			—
Preferred shares outstanding—Series I		18,000			18,000			—			—			—
Preferred shares outstanding—Series J		12,000			—			—			—			—
Common shares outstanding, excluding treasury		824,046,952			855,305,745			882,152,057			919,804,436			796,272,522
Treasury shares held		99,845,629			68,586,836			41,740,524			4,088,144			5,231,665

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Yearly Data


	Years Ended December 31,
	2014			2013			2012			2011			2010
Average Balance Sheet ($ in millions, except share data)
Assets
Interest-earning assets:
Loans and leases	$	91,127		$	89,093		$	84,822		$	80,214		$	79,232
Taxable securities		21,770			16,395			15,262			15,334			16,054
Tax exempt securities		53			49			57			103			317
Other short-term investments		3,043			2,417			1,495			2,031			3,328

Total interest-earning assets		115,993			107,954			101,636			97,682			98,931
Cash and due from banks		2,892			2,482			2,355			2,352			2,245
Other assets		14,539			15,053			15,695			15,335			14,841
Allowance for loan and lease losses		(1,481	)		(1,757	)		(2,072	)		(2,703	)		(3,583	)

Total assets	$	131,943		$	123,732		$	117,614		$	112,666		$	112,434

Liabilities
Interest-bearing liabilities:
Interest checking		25,382		$	23,582		$	23,096		$	18,707		$	18,218
Savings		16,080			18,440			21,393			21,652			19,612
Money market		14,670			9,467			4,903			5,154			4,808
Foreign office		1,828			1,501			1,528			3,490			3,355
Other time		3,762			3,760			4,306			6,260			10,526
Certificates—$100,000 and over		3,929			6,339			3,102			3,656			6,083
Other foreign office		—			17			27			7			6
Federal funds purchased		458			503			560			345			291
Other short-term borrowings		1,873			3,024			4,246			2,777			1,635
Long-term debt		12,928			7,914			9,043			10,154			10,902

Total interest-bearing liabilities		80,910			74,547			72,204			72,202			75,436
Demand deposits		31,755			29,925			27,196			23,389			19,669
Other liabilities		3,950			4,917			4,462			4,189			3,580

Total liabilities		116,615			109,389			103,862			99,780			98,685
Equity		15,328			14,343			13,752			12,886			13,749

Total liabilities and equity		131,943		$	123,732		$	117,614		$	112,666		$	112,434

Average loans and leases (excluding held for sale)	$	90,485		$	86,950		$	82,733		$	78,533		$	77,045
Average common shares outstanding:
Basic		833,116,349			869,462,977			904,425,226			906,460,550			790,852,185
Diluted		842,967,356			894,736,445			945,554,102			949,545,420			799,381,153

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Yearly Data


	Years Ended December 31,
	2014			2013			2012			2011			2010
End of Period Loans and Leases ($ in millions)^{(net of unearned discount)}
Commercial:
Commercial and industrial loans	$	40,801		$	39,347		$	36,077		$	30,828		$	27,274
Commercial mortgage loans		7,410			8,069			9,116			10,214			10,992
Commercial construction loans		2,071			1,041			707			1,037			2,111
Commercial leases		3,721			3,626			3,549			3,531			3,378

Subtotal—commercial		54,003			52,083			49,449			45,610			43,755
Consumer:
Residential mortgage loans		13,582			13,570			14,873			13,474			10,858
Home equity		8,886			9,246			10,018			10,719			11,513
Automobile loans		12,037			11,984			11,972			11,827			10,983
Credit card		2,401			2,294			2,097			1,978			1,896
Other consumer loans and leases		436			381			312			364			702

Subtotal—consumer		37,342			37,475			39,272			38,362			35,952

Total loans and leases	$	91,345		$	89,558		$	88,721		$	83,972		$	79,707

Average Loans and Leases ($ in millions)^{(net of unearned discount)}
Commercial:
Commercial and industrial loans	$	41,178		$	37,770		$	32,911		$	28,546		$	26,334
Commercial mortgage loans		7,745			8,481			9,686			10,447			11,585
Commercial construction loans		1,492			793			835			1,740			3,066
Commercial leases		3,585			3,565			3,502			3,341			3,343

Subtotal—commercial		54,000			50,609			46,934			44,074			44,328
Consumer:
Residential mortgage loans		13,344			14,428			13,370			11,318			9,868
Home equity		9,059			9,554			10,369			11,077			11,996
Automobile loans		12,068			12,021			11,849			11,352			10,427
Credit card		2,271			2,121			1,960			1,864			1,870
Other consumer loans and leases		385			360			340			529			743

Subtotal—consumer		37,127			38,484			37,888			36,140			34,904

Total average loans and leases	$	91,127		$	89,093		$	84,822		$	80,214		$	79,232

Asset Quality ($ in millions)
Nonaccrual portfolio loans and leases	$	269		$	387		$	665		$	1,058		$	1,333
Nonaccrual loans held for sale		24			6			25			131			247
Restructured loans—(nonaccrual) held for sale		15			—			4			7			47
Restructured loans and leases (nonaccrual) portfolio		310			364			364			380			347
Other assets, including other real estate owned		165			229			257			378			494

Total nonperforming assets	$	783		$	986		$	1,315		$	1,954		$	2,468

Ninety days past due loans and leases	$	87		$	103		$	195		$	200		$	317

Nonperforming Loans ($ in millions)^{(nonaccrual plus renegotiated)}
Commercial and industrial loans and leases	$	241		$	287		$	345		$	544		$	753
Commercial mortgage loans		146			146			296			497			581
Commercial construction loans		2			31			85			156			258
Residential mortgage loans		94			165			237			275			268
Other consumer loans and leases		135			128			95			104			114

Total nonperforming loans and leases (including held for sale)	$	618		$	757		$	1,058		$	1,576		$	1,974

Credit Charge-Offs ($ in millions)
Gross charge-offs	($	679	)	($	637	)	($	837	)	($	1,314	)	($	2,484	)
Recoveries		104			136			133			142			156

Net losses charged off	($	575	)	($	501	)	($	704	)	($	1,172	)	($	2,328	)

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Jim Eglseder

Laura Wehby

VP / Investor Relations

VP / Investor Relations

(513) 534-8424

(513) 534-7407