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

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Deutsche Bank Global Financial Services

Conference

Greg D. Carmichael

President & Chief Executive Officer

June 1, 2016

Refer to earnings release dated April 21, 2016, and Form 10-Q for the quarter

ended March 31, 2016 for further information

Exhibit 99.1

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) 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 (22) difficulties in separating the operations of any branches or other assets divested; (23) inability to

achieve expected benefits from branch consolidations and planned sales within desired timeframes, if at all; (24) ability to secure confidential information and

deliver products and services through the use of computer systems and telecommunications networks; and (25) the impact of reputational risk created by these

developments on such matters as business generation and retention, funding and liquidity. You also 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.

This presentation also includes certain non-GAAP financial measures including "pre-provision net revenue" or "PPNR,” “adjusted efficiency ratio,” “core return

on average tangible common equity." Management believes these measures may assist investors, analysts and regulators in analyzing our financials.

Although we have procedures in place to ensure that these measures are calculated using the appropriate GAAP or regulatory components, they have

limitations as analytical tools and should not by considered in isolation, or as a substitute for analysis of results under GAAP. For more information regarding

these measures and to view reconciliations to the most comparable GAAP measures, please refer to the Appendix to this presentation.

Top 10 National Commercial and

Consumer Bank

Equipment Finance

Treasury Management

Commercial & Industrial

Loans

Well-positioned franchise and focused

footprint

#10

Non-Captive Prime Auto

Originator

Retail Bank

In footprint markets

National commercial hub cities

Source: 1The 2014 Monitor 100, 2E&Y 2015 Cash Management Services Surveys, 3SNL Financial - regulatory filing as of Q1 2016, 4Oliver Wyman 2015 Survey

of Consumers, and 5Experian Auto Count US States originations in units 2016 through 03/31/2016

Ranked 2nd in J.D. Power 2015 U.S. Primary Mortgage Origination Satisfaction Study

We are a very different bank now than we were

pre-crisis

Reduced exposure to commercial real estate

Significant improvement in commercial loan credit

profile

Exited the mortgage broker business

Greater mix of stable core deposits

Better Balance Sheet Positioning

Loan Portfolio Composition

Core

Deposits

Funding and Liquidity Composition

Heavily-reliant

on overnight

borrowings

~40% of wholesale borrowings

matured within 90 days

Short-term

Borrowing

Long-term

Borrowing

Commercial Portfolio Distribution by

Probability of Default (PD)

PD 1-5

PD 6-8

PD 9

PD 10-13

Strong core deposit base

Limited reliance short term borrowings

LCR at 118%,

in excess of fully

implemented LCR requirement

19%

18%

11%

14%

13%

12%

43%

44%

48%

45%

43%

45%

47%

23%

25%

29%

36%

42%

41%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2010

2011

2012

2013

2014

2015

1Q16

36%

50%

22%

11%

13%

15%

11%

12%

4Q07

1Q16

Other Consumer

Auto Loans

Home Equity

Resi Mortgage

Commercial Real

Estate

C&I + Commercial

Lease

82%

12%

1Q 2016

70%

15%

14%

4Q 2007

Lower CRE balances and limited energy

exposure

Non-owner Occupied Portfolio Distribution ($MM)

CRE Balances ($MM)

Construction

Mortgage

1Q 2016 -

Limited Energy Exposures

$11,862

$6,864

$5,561

$3,428

4Q07

1Q16

4Q07

1Q16

-42%

-38%

Residential

& Land

$4,513

Other

$6,242

4Q 2007

Other

$6,044

$170

$443

$385

$722

$552

$294

$742

$232

$327

$105

$100

$200

$300

$400

$500

$600

$700

$800

OFS

RBL

Oil & Gas

Midstream

Refining

Total Energy Exposure ($MM)

Unfunded Commitments

Outstandings

•

Energy balances stable at $1.7B

–

Total unfunded commitments of $2.3B

•

76% of total energy loans outstanding are SNCs

•

$9.2MM charge-offs in OFS (oil field services)

•

$168MM increase in NPAs sequentially; predominantly

RBL (reserve-based lending)

–

All RBLs current on interest and well-collateralized

•

Reserves of 6.20% of funded loans, up from 4.75% in

4Q15

Residential

& Land

$462

1Q 2016

1Q16: excluding energy, ALLL/NPLs would have been 234%

Solid balance sheet positioning

Nonperforming asset ratio

Common Equity Tier 1 Ratio

ALLL / NPLs

Excludes $1.56BN in energy loans & leases ($1.7BN total balances including operating leases)

Tier 1 Common from 2011-2014; Common Equity Tier 1 (CET1) for 2015 and 1Q16; CET1 shown on transition basis (U.S. GAAP).

Adjusted CET1 ratio includes unrealized after-tax Vantiv position as of 3/31/16. [{($53.88 Vantiv stock price x 35M shares) less the carrying value of Vantiv of $373M] x 0.65 ] / Risk-Weighted Assets. Assumes no share

buyback from Vantiv sales.

Leverage ratio minimum represents well-capitalized minimum; no Basel III buffered minimum applies.

This ratio has been included herein to facilitate a greater understanding of the Bancorp's capital structure and financial condition. See the Regulation G Non-GAAP Reconciliation table for a reconciliation of these ratios

to U.S. GAAP.

•

Strong Common Equity Tier 1 ratio above targets and requirements

•

Significantly increased the quantity and quality of capital since the crisis

•

Problem assets well-contained (excluding energy, NPAs would be at lowest levels since before the crisis)

Capital ratios

Basel III buffered

minimum

Excess over

minimum

1Q16:

excluding

energy,

the

NPA

ratio

would

have

been

0.69%

10.6%

2.23%

1.49%

1.10%

0.82%

0.70%

0.88%

2011

2012

2013

2014

2015

1Q16

9.4%

9.5%

9.7%

9.8%

2011

2012

2013

2014

2015

1Q16

157%

180%

211%

228%

252%

185%

2011

2012

2013

2014

2015

1Q16

7.0%

8.5%

10.5%

5.0%

2.8%

2.4%

4.2%

4.6%

8.6%

CET1

Tier 1

Total

Leverage

TCE

9.8%

10.9%

14.7%

9.6%

Focused on generating attractive returns

through the cycle

•

Simplifying and enhancing value proposition of our product offerings

•

Leveraging innovation, partnerships, and select non-bank

acquisitions to develop and deploy new products and solutions

•

Accelerating growth in assets with higher capital returns

Key Areas of Focus

Stability

Growth

Profitability

•

Focusing on key industry verticals and de-emphasizing lower ROE

businesses

•

Making strategic investments to drive higher returns

•

Growing fee-based revenues (Treasury Management fees, insurance

revenue, M&A Advisory)

•

Maintaining balance sheet strength

–

Strong liquidity (LCR well in-excess of fully-phased requirements)

–

Capital

levels

remain

strong

even

under

2015

Fed

Severe

scenario

•

Conservative underwriting used to target lower credit losses through

the cycle

Capital ratio strength refers to CCAR 2015 results; CCAR 2016 results to be disclosed by the Federal Reserve by June 30, 2016.

Outstanding Balances ($MM)

Expanding and growing industry verticals

Fifth Third’s Commercial strategy includes utilizing specialized industry verticals to

augment the traditional Commercial lending business

Key benefits:

–

Experienced bankers offering specialized industry knowledge and a superior client value proposition

–

Subject matter experts with knowledge of both the market dynamics and the regulatory environment

–

More opportunities for fee revenues (e.g., TM services, M&A advisory) enhance Fifth Third ROA

Case Study: Healthcare sector success

•

Fifth Third stood up the healthcare vertical in 2008 and has consistently improved

profitability through lending offerings as well as an increased focus on fee revenue

Revenue Mix

Balance Growth

•

Q1 2016: 40% fee

revenue mix driven by

continued success

generating capital

markets, syndication

and bridge fee revenue

•

Highest fee-generating

quarter for vertical

since inception

Represents balances generated from Fifth Third’s National Healthcare Vertical Group

$21MM

$45MM

$61MM

$89MM

$23MM

$15MM

1,252

3,677

Q4 2010

Q1 2016

26%

33%

40%

74%

67%

60%

2010

2015

Q1 2016

Fee Revenue

NII

Strategic investment strategy

Our strategic investment planning categorizes initiatives into three categories, all of which

are key to Fifth Thirds long-term success

•

Includes continued focus to ensure compliance with all regulatory requirements

•

Select examples include:

–

Continued automation and workflow enhancements

–

Enhanced fraud tools and mobile alerts to improve customer experience and reduce

fraud

–

IT investments to provide an integrated customer experience

•

Investing in core business to drive higher revenues

•

Select examples include:

–

Consumer and Commercial credit card enhanced customer utilization

–

Small Business lending initiative to improve loan origination levels

–

Insurance brokerage

•

Streamlining processes to reduce expenses

•

Select examples include:

–

Branch operations digitization

–

Expanded business processes moving to offshore operations

–

Continue to look at branch optimization strategies

Revenue

Enhancing

Cost Saving

IT and Risk &

Compliance

Infrastructure

Continuing to transform the retail branch

network

Fifth Third is continuing to transform the core retail business to optimize the branch

network in order to address evolving customer behavior, preferences and expectations

FTE

reduction

(total banking center)

Financial

Impact

($MM)

Branch & Job Re-Design

Branch Closures

Digital Transformation

Description

~1,600 FTE (19%)

~400 FTE (6%)

2015-2016

2016-2017

2013-2015

$60MM

Annual run-rate (cost savings)

Omni-channel infrastructure

designed to accelerate

revenue growth and improve

customer service quality

through enhanced digital

capabilities

Branch digitization to

substantially reduce back

office personnel and office

supply costs

Hired Chief Digital Officer to

drive initiatives

Exited retail operations in two

markets (Pittsburgh and St.

Louis) and consolidated select

branch locations (8% reduction)

Non-recurring net impairment

of ($89MM)

41 branches closed, 34

branches sold, additional 32

closed in April

Drove digital adoption through

mobile and ATM

Redefined staffing models &

modified roles (Universal

Bankers)

Redesigned branch through

process and technology

enhancements

Strategic

Initiative

Execution

Timeframe

$60MM

Annual run-rate (cost savings)

2018

2019

2020

$8MM

$21MM

$35MM

2.3%

3.1%

2.9%

2.4%

2.7%

3.1%

2.5%

2.2%

2.7%

2.6%

3.3%

2.5%

1.0%

8.0%

7.1%

7.0%

5.3%

4.1%

3.3%

3.4%

2.7%

2.6%

0.6%

10%

12%

COF

FITB

PNC

STI

WFC

USB

CMA

KEY

HBAN

BBT

MTB

ZION

Dividend Payout Yield

Buyback Yield

Fifth Third value proposition

Total payout yield (regional peers)

•

FITB has traded at a discount of

approximately 8% relative to peers

based on the best fit line implied by an

analysis of P/TBV to Core ROTCE

•

If FITB were to generate the expected

gains shown on slide 12 from

monetizing

the

Vantiv

equity

position

the best-fit multiple, the P/TBV would imply

an additional ~8% in upside potential

•

FITB’s dividend payout ratio was 2

highest among peer banks

•

For FITB to get to the current

peer

median dividend yield, share price

would need to increase to ~$22 (as of

May 20, 2016)

•

Incorporating the impact of share

repurchases, total payout yield was

~83% of earnings

P/TBV

10.3%

10.2%

9.9%

7.7%

6.4%

5.8%

5.6%

5.4%

5.3%

3.3%

9.8%

3.1%

1.0%

6.7%

3/31/16 peer median dividend yield = 2.6%

(2.4% as of 5/20/16)

All returns are shown on a trailing 4 quarter basis, ending Q1 2016.

Share price as of 5/20/16; Tangible Book Value per share as of Q1 2016, per SNL Financial

Core ROTCE, or core return on average common equity, is a non-GAAP measure. All peer core net income available to common shareholders figures per SNL Financial, trailing 12 months ended Q1

2016; P/TBV as of 5/20/16, except FITB figures based on Company calculations shown in the reconciliations in the Appendix.

Payout ratios calculated with share prices and market capitalization as of 03/31/16 given the combined dividend and repurchase analysis; Fifth Third’s dividend payout ratio as of 5/20/16 was 2.8%

Assumption based on Fifth Third’s 2015 capital plan; Fifth Third’s 2016 capital plan is subject to Federal Reserve objection or non-objection to be announced by June 30, 2016. Unrecognized pre-tax

equity ownership value shown on page 12 ($1.514BN)

11%

13%

15%

17%

19%

Core ROTCE

FITB

0.5x

1.0x

1.5x

2.0x

2.5x

Unrecognized value in Vantiv

ownership

Not recognized

on Fifth Third’s

balance sheet

•

Equity Ownership -

As of March 31, 2016, Fifth Third has an approximate 18% ownership interest in

Vantiv Holding, LLC. for which it records equity method earnings.

•

Warrant -

As of March 31, 2016, Fifth Third owns a warrant associated with Vantiv Holding, LLC. to

purchase approximately 7.8 million Class C (non-voting) units in Vantiv at an exercise price of $15.98

per unit. The warrant is carried at fair value on the balance sheet as a derivative asset.

•

Tax Receivable Agreement –

Annually Fifth Third recognizes income as part of a Tax Receivable

Agreement (TRA) with Vantiv. This agreement entitles Fifth Third to receive economic benefits of certain

tax deductions or benefits recognized by Vantiv, Inc.

Fifth

Third

Bancorp’s

2016

10-Q

March

31,

2016.

Subject

changes

Vantiv’s

stock

price

3/31/2016;

VNTV

closing

price

$53.88

35MM

units.

Subject

changes

Vantiv’s

stock

price

Based on the analysis performed by Vantiv, Inc. disclosed in its first quarter Form 10-Q. Estimated cash flow from additional share sales assumes that Fifth Third Bank had exchanged its remaining Class B Units

Vantiv

Holding,

had

exercised

its

remaining

warrant

and

exchanged

the

resulting

Class

Units

Vantiv

Holding,

all

for

Class

Vantiv,

Inc.

common

stock

March

31,

2016.

TRA

cash

flows

are

undiscounted

and

may

vary

based

number

factors,

including

the

amount

and

timing

Vantiv’s

future

taxable

income

and

the

tax

rate

then

applicable,

the

use

loss

carryovers

and

amortizable

basis

and

are subject to material change based on changes in Fifth Third Bank’s tax basis in the partnership interest, changes in tax rates, or significant changes in Vantiv, Inc.’s stock price. Cash flows based on additional

share sales are dependent on Fifth Third’s desire and ability to sell additional shares at comparable share prices in desired time frames.

($s in millions)

Warrant

Book

Value

Warrant

(carried

Fair

Value)

308

Equity Interest

Book

Value

Ownership

374

Market

Value

Ownership

1,888

Unrecognized pre-tax value from Vantiv share ownership

1,514

Tax Receivable Agreement

Gross

Cash

Flows

from

Existing

TRA

802

Estimated

Cash

Flow

Potential

from

Additional

Sales

1,100

We are investing

prudently to drive

higher returns

We are committed to

driving attractive ROEs

through cycles

We are a very different

bank than we were

pre-crisis

In summary

All of this is

intended to create

shareholder value

over time

Growth

Profitability

Stability

Appendix

•

Strong NII and NIM; continued benefit from steady

interest rate risk management strategy

•

Solid fee income despite market volatility

Strong corporate banking activity

•

Tightly controlled operational expenses

•

Executed on defined strategies

•

Credit quality excluding energy in line; monitoring

energy portfolio closely

First quarter 2016 highlights

Earnings Per

Reported $0.40

•Included $0.03 net benefit from certain

items*

Net Income to

Common

$312 million

LCR

118%

*Significant pre-tax items in 1Q16 results include: $47MM pre-tax (~$31MM after-tax) positive valuation adjustment on the Vantiv warrant, $8MM pre-tax (~$5MM after-tax) gain on sale on St.

Louis branches, ($14MM) pre-tax (~$9MM after-tax) voluntary early retirement expense

Pre-tax pre-provision earnings

PPNR trend

Non-GAAP measure; see Reg. G reconciliation on page 22 in the appendix.

Presented on a fully taxable equivalent basis.

Prior quarters include similar adjustments.

•

PPNR decreased 46% sequentially, reflecting:

–

$469MM net benefit in 4Q15 primarily

related to Vantiv

gains

•

Adjusted PPNR down 11% sequentially

–

Primarily due to the $31MM annual Vantiv

tax receivable payment recorded in 4Q15

PPNR reconciliation

Efficiency ratio

65.4%

62.3%

58.2%

48.0%

63.8%

64.9%

61.9%

62.7%

62.2%

1Q15

2Q15

3Q15

4Q15

1Q16

Efficiency Ratio

Adjusted Efficiency Ratio

65.3%

1Q15

2Q15

3Q15

4Q15

1Q16

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

$1,100

Adjusted PPNR

Net Income

Reported PPNR

($ in millions)

1Q15

2Q15

3Q15

4Q15

1Q16

Net

interest

income

$852

$892

$906

$904

$909

Total non-interest income

630

556

713

1,104

637

Total non-interest expense

923

947

943

963

986

PPNR

$559

$501

$676

$1,045

$560

Adjustments

remove

(benefit)

detriment :

In noninterest income:

Gain on sale of Vantiv shares

(331)

Gain on Vantiv warrant actions

(89)

Vantiv TRA settlement payment

(49)

Vantiv warrant valuation

(70)

(14)

(130)

(21)

(47)

Gain on sale of certain branches

(8)

Branch and land valuation adjustments

Gain from sales of troubled debt restructurings

(37)

Impairment associated with aircraft leases

Valuation of 2009 Visa total return swap

(1)

Securities (gains) / losses

(4)

(1)

(3)

In noninterest expense:

Contribution to Fifth Third Foundation

Severance expense

Litigation reserve charges

(1)

(5)

Executive Retirements

Adjusted PPNR

$502

$583

$558

$577

$516

$2,100

$650

$1,850

$1,600

$1,000

$2,000

$3,000

2016

2017

2018

2019

2020

2021 On

Fifth Third Bank

Available and contingent borrowing capacity (1Q16):

–

FHLB ~$10.6B available, ~$14.2B total

–

Federal Reserve ~$23.5B

Holding company unsecured debt maturities ($MM)

Bank

unsecured

debt

maturities

($MM

–

excl.

Retail

Brokered CDs)

Heavily core funded

Strong liquidity profile

S-T

wholesale

$1B matured in 1Q16

$700MM matured in 1Q16

(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:

Holding Company cash at 03/31/16: $2.3B

$1B maturity in January 2016, was pre-funded with the $1.1B Holding

Company issuance executed in 3Q15

Cash currently sufficient to satisfy all fixed obligations in a stressed

environment for ~26 months

Bank Entity:

Of the $2.5B maturing this year, $700MM matured in 1Q16. During the

quarter the Bank issued $1.5B of long term debt, comprised of $750MM

of senior debt and $750MM of sub debt

2016 Funding Plans:

Due to the Moody’s LGF methodology, we intend to replace all debt

maturities this calendar year ($3.7B in total) in order to maintain our

current senior debt ratings

$1.5B of the $3.7B was replaced in 1Q16

It is likely that most of this replacement funding will take place

at the Bank Entity

Demand

25%

Interest

checking

18%

Savings/

MMDA

24%

Consumer

time

Foreign

Office

Non-Core

Deposits

S-T

borrowings

Other

liabilities

Equity

12%

L-T debt

11%

$250

$500

$1,100

$2,312

$500

$1,000

$1,500

$2,000

$2,500

2016

2017

2018

2019

2020

2021 on

Fifth Third Bancorp

Fifth Third Capital Trust (Bancorp)

Portfolio compositions

Commercial:

Fixed: $10.2B

Float: $47.5B

•

1M Libor based: 68%

•

3M Libor based: 8%

•

Prime based: 5%

Weighted Avg. Life: 1.86 years

74% Float /

26% Fix

96% Float /

4% Fix

0% Float /

100% Fix

90% Float /

10% Fix

71% Float /

29% Fix

25% Float /

75% Fix

91% Float /

9% Fix

1% Float /

99% Fix

100% Float /

0% Fix

Investments:

52% allocation to bullet/locked-out

cash flow securities

Investment portfolio yield: 3.14%

Duration: 4.8 years

Net unrealized pre-tax gain: $1B

Portfolio Characteristics

0% Float /

100% Fix

0% Float /

100% Fix

17% Float /

83% Fix

Consumer:

Fixed: $23.3B

Float: $13.4B

•

Prime based: 25%

Weighted Avg. Life: 3.48 years

Avg. duration of Auto book: 1.33 years

Includes HFS Loans & Leases

75%

12%

Commercial & Industrial

Commercial Mortgage

Commercial Construction

Commercial Lease

Bancorp Investment Portfolio (BV)

Level 1

Level 2A

Non

-HQLA

42%

39%

19%

EOP

Consumer

Loans

Home Equity

Auto

Other

Credit Card

Resi Mortgage & Construction

22%

30%

40%

EOP Commercial Loans

Interest rate risk management

Well-positioned for rising rates

•

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

–

64% of total loans are floating rate (82% of commercial and 36% of consumer)

–

Investment portfolio duration less than 5 years

–

Short-term wholesale funding represents approximately 4% of total funding

–

Approximately $11B in non-core funding matures beyond one year

•

Interest rate sensitivity tables are based on conservative deposit assumptions

–

70%

beta

all

interest-bearing

deposit

and

sweep

balances

(~50%

betas

experienced

2004

–

2006

Fed

tightening cycle)

–

No modeled re-pricing lag

–

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

rates

–

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

Change in Interest Rates (bps)

+200

bps Shock

Change in Interest Rates

+100

bps Shock

+200

bps Ramp

2.12%

6.98%

(4.00%)

+25 bps Shock

+100

bps Ramp

1.20%

4.27%

-50 bps Shock

-50 bps Ramp

(2.00%)

(2.67%)

Betas 25% Higher

Betas 25% Lower

Change in Interest Rates

Months

13 to 24 Months

Months

Change in Interest Rates

Months

13 to 24

Months

13 to 24

Months

+200

bps Ramp

1.84%

6.43%

2.40%

+200

bps Ramp

(1.11%)

0.52%

5.35%

13.44%

+100

bps Ramp

1.06%

3.99%

1.34%

+100

bps Ramp

(0.41%)

1.04%

2.82%

7.50%

ESTIMATED NII SENSITIVITY PROFILE

ESTIMATED EVE SENSITIVITY PROFILE

Percent Change in

NII (FTE)

ALCO Policy Limits

Change in EVE

ALCO Policy Limit

Months

13 to 24 Months

Months

13 to 24 Months

(12.00%)

(0.90%)

(6.00%)

(0.10%)

(0.32%)

(2.85%)

ESTIMATED NII SENSITIVITY with DEPOSIT BETA CHANGES

Percent Change in NII (FTE)

$1B Balance Decrease

$1B Balance Increase

13 to 24 Months

7.54%

4.54%

ESTIMATED NII SENSITIVITY with DEMAND DEPOSIT BALANCE CHANGES

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.

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

Credit trends

Residential Mortgage

Commercial & Industrial

Home Equity & Automobile

Commercial Real Estate

* Excludes loans held-for-sale.

($ in millions)

1Q15

2Q15

3Q15

4Q15

1Q16

EOP Balance*

$42,052

$42,800

$42,948

$42,131

$43,433

Avg Loans*

$41,426

$42,550

$43,149

$43,154

$43,089

90+ days delinquent

as % of loans

0.01%

0.02%

0.01%

NPAs*

$216

$193

$183

$272

$472

as % of loans

0.58%

0.45%

0.43%

0.65%

1.09%

Net charge-offs

$38

$34

$128

$30

$46

as % of loans

0.38%

0.32%

1.17%

0.28%

0.43%

C&I

($ in millions)

1Q15

2Q15

3Q15

4Q15

1Q16

EOP Balance*

$7,209

$7,150

$7,061

$6,957

$6,864

Avg Loans*

$7,241

$7,148

$7,023

$7,032

$6,886

NPAs*

$186

$166

$165

$138

$126

as % of loans

2.56%

2.31%

2.34%

1.98%

1.84%

Net charge-offs

$11

as % of loans

0.05%

0.62%

0.66%

0.19%

0.35%

Commercial mortgage

($ in millions)

1Q15

2Q15

3Q15

4Q15

1Q16

EOP Balance*

$2,302

$2,709

$3,101

$3,214

$3,428

Avg Loans*

$2,197

$2,549

$2,965

$3,141

$3,297

NPAs*

$16

$14

$19

as % of loans

0.67%

0.51%

0.61%

0.25%

0.23%

Net charge-offs

as % of loans

(0.06%)

0.00%

0.43%

0.00%

(0.06%)

Commercial construction

($ in millions)

1Q15

2Q15

3Q15

4Q15

1Q16

EOP Balance*

$12,569

$12,933

$13,392

$13,716

$13,895

Avg Loans*

$12,433

$12,831

$13,144

$13,504

$13,788

90+ days delinquent

$48

$43

$40

$44

as % of loans

0.38%

0.33%

0.30%

0.29%

0.32%

NPAs*

$113

$101

$91

$86

$77

as % of loans

0.91%

0.78%

0.68%

0.63%

0.55%

Net charge-offs

as % of loans

0.19%

0.16%

0.10%

0.08%

0.07%

Residential mortgage

($ in millions)

1Q15

2Q15

3Q15

4Q15

1Q16

EOP Balance*

$8,714

$8,547

$8,427

$8,301

$8,112

90+ days delinquent

as % of loans

Net charge-offs

$14

as % of loans

0.61%

0.41%

0.42%

0.39%

0.36%

Home equity

($ in millions)

1Q15

2Q15

3Q15

4Q15

1Q16

EOP Balance*

$11,873

$11,909

$11,826

$11,493

$11,128

90+ days delinquent

$10

as % of loans

0.06%

0.07%

0.09%

0.07%

Net charge-offs

as % of loans

0.28%

0.14%

0.23%

0.31%

0.32%

Automobile

Regulation G non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ and shares in millions

(unaudited)

March

December

September

June

March

2016

2015

Net interest income (U.S. GAAP)

903

899

901

887

847

Add:

Noninterest income

637

1,104

713

556

630

Less:

Noninterest expense

(986)

(963)

(943)

(947)

(923)

Pre-provision net revenue

554

1,040

671

496

554

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

312

634

366

292

346

Add:

Intangible amortization, net of tax

Tangible net income available to common shareholders (a)

312

634

366

292

346

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

1,255

2,515

1,452

1,171

1,403

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

16,376

15,982

15,815

15,841

15,820

Less:

Average preferred stock

(1,331)

Average goodwill

(2,416)

Average intangible assets and other servicing rights

(12)

(13)

(14)

(15)

Average tangible common equity (c)

12,617

12,222

12,054

12,079

12,058

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

16,323

15,839

15,826

15,605

15,864

Less:

Preferred stock

(1,331)

Goodwill

(2,416)

Intangible assets and other servicing rights

(12)

(13)

(14)

(15)

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

12,564

12,079

12,066

11,844

12,102

Less: Accumulated other comprehensive income

(684)

(197)

(522)

(291)

(588)

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

11,880

11,882

11,544

11,553

11,514

Total assets (U.S. GAAP)

142,430

141,048

141,883

141,628

140,437

Less:

Goodwill

(2,416)

Intangible assets and other servicing rights

(12)

(13)

(14)

(15)

Tangible assets, including unrealized gains / losses (f)

140,002

138,619

139,454

139,198

138,006

Less: Accumulated other comprehensive income / loss, before tax

(1,052)

(303)

(803)

(448)

(905)

Tangible assets, excluding unrealized gains / losses (g)

138,950

138,316

138,651

138,750

137,101

Common shares outstanding (h)

770

785

795

810

815

Ratios:

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

9.9%

20.6%

12.0%

9.7%

11.7%

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

8.55%

8.59%

8.33%

8.40%

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

8.97%

8.71%

8.65%

8.51%

8.77%

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

$16.32

$15.39

$15.18

$14.62

$14.85

For the Three Months Ended

Regulation G non-GAAP reconciliation

Fifth Third Bancorp and Subsidiaries

Regulation G Non-GAAP Reconciliation

$ and shares in millions

(unaudited)

March

December

September

June

March

2016

2015

Non-interest income excluding certain items

Non-interest income (U.S. GAAP)

$637

$1,104

$713

$556

$630

Gain on sale of Vantiv shares

(331)

Gain on Vantiv warrant actions

(89)

Vantiv TRA settlement payment

(49)

Vantiv warrant valuation

(47)

(21)

(130)

(14)

(70)

Gain on sale of certain branches

(8)

Branch and land valuation adjustments

Gain from sales of troubled debt restructurings

(37)

Impairment associated with aircraft leases

Valuation of 2009 Visa total return swap

(1)

Securities (gains) / losses

(3)

(1)

(4)

Adjusted non-interest income (i)

$578

$623

$591

$637

$566

Non-interest expense excluding certain items

Non-interest expense (U.S. GAAP)

$986

$963

$943

$947

$923

Contribution for Fifth Third Foundation

(10)

(4)

Severance expense

(15)

(2)

(3)

(2)

(1)

Litigation reserve changes

(2)

Executive retirements

(6)

Adjusted non-interest expense (j)

$971

$951

$939

$946

$916

PPNR

Net Income

327

657

381

309

361

Less: Net income attributable to noncontrolling interests

(6)

Net income attributable to Bancorp

327

657

381

315

361

Dividends on preferred stock

Tangible net income available to common shareholders (a)

$312

$634

$366

$292

$346

Combined pre-tax PPNR adjustments

(44)

(468)

(118)

(57)

Impact of assumed 35% rate on adjustments

(15)

(164)

(41)

(20)

After tax impacts of certain item (k)

(29)

(304)

(77)

(37)

Core net income available to common shareholders (l)

$283

$330

$289

$345

$309

Average tangible common equity, including unrealized gains & losses, prior 4 quarters (m)

12,268

Core return on average tangible common equity, prior 4 quarters (l) / (m)

10.17%

Adjusted Efficiency Ratio

Reported net interest income (n)

909

904

906

892

852

Adjusted Efficiency Ratio (j) / ((i) + (n))

65.3%

62.3%

62.7%

61.9%

64.6%

For the Three Months Ended

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